# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0002071691-26-007295
**Filing Date:** 2026-3
**Character Count:** 117787
**Document Hash:** eb1f132c61b680220531cc8931cb5170
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-007295.hdr.sgml**: 20260327

**ACCESSION NUMBER**: 0002071691-26-007295

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260327

**DATE AS OF CHANGE**: 20260327

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK FUNDS
- **CENTRAL INDEX KEY:** 0000844779

**ORGANIZATION NAME:**
- **EIN:** 510318674
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05742
- **FILM NUMBER:** 26803284

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMPASS CAPITAL FUNDS\
- **DATE OF NAME CHANGE:** 19961114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PNC FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NCP FUNDS
- **DATE OF NAME CHANGE:** 19890511

## Series and Classes Contracts Data

### BlackRock Short Obligations Fund (Series ID: S000038550)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000119004 | Class K Shares       |  |
| C000129315 | Institutional Shares |  |
| C000198747 | Investor A Shares    |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Funds

- **b. Investment Company Act file number:** 811-05742

- **c. CIK number of Registrant:** 0000844779

- **d. LEI of Registrant:** 549300OZUEVJZHOBFP42

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock Short Obligations Fund

- **b. EDGAR series identifier (if any):** S000038550

- **c. LEI of Series:** 549300XULCSJN4492O72

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1074255484.37

**Total Liabilities:** $9484340.03

**Net Assets:** $1064771144.34

**Cash Not Reported:** $995122.97

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 13468.92000000 | **1-Year:** 47772.45000000 | **5-Year:** 9962.27000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000198747 | 0.33%                | 0.33%                | 0.32%                |
| Class ID C000129315 | 0.34%                | 0.35%                | 0.34%                |
| Class ID C000119004 | 0.35%                | 0.35%                | 0.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $81035.13                                  |
| Month 2  | $22927.01                | $-13621.76                                 |
| Month 3  | $0.00                    | $58102.74                                  |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                            | Title                                                                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Equitable America Global Funding                                | Equitable America Global Funding                                                              | CUSIP: 29446Q2C6<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |    830000 | PA      | $828773.18    | 0.08%             | 2027-09-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                                    | DNB Bank ASA                                                                                  | CUSIP: 2332K1K58<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |   3000000 | PA      | $2924989.50   | 0.27%             | 2026-10-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                                  | Protective Life Global Funding                                                                | CUSIP: 743672AJ6<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   5440000 | PA      | $5457485.03   | 0.51%             | 2028-09-11      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                                    | DNB Bank ASA                                                                                  | CUSIP: 2332K1E14<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |   4485000 | PA      | $4443548.73   | 0.42%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Marubeni Finance America LLC                                    | Marubeni Finance America LLC                                                                  | CUSIP: 57382FBR4<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1465000 | PA      | $1460874.85   | 0.14%             | 2026-02-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MassMutual Global Funding II                                    | MassMutual Global Funding II                                                                  | CUSIP: 57629TBW6<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   5448000 | PA      | $5509442.38   | 0.52%             | 2028-03-27      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                | Bank of Montreal                                                                              | CUSIP: 06370B5A8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |   6170000 | PA      | $6173984.89   | 0.58%             | 2026-12-10      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                        | John Deere Capital Corp.                                                                      | CUSIP: 24422EXV6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1173944.44   | 0.11%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Intrepid Funding Co. LLC                                        | Intrepid Funding Co. LLC                                                                      | CUSIP: 46125FDW6<br>LEI: 984500FAJ11A8A3K3E69 | Long             | STIV             | CORP              | US        |   6780000 | PA      | $6716776.50   | 0.63%             | 2026-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ANZ New Zealand Int'l Ltd.                                      | ANZ New Zealand Int'l Ltd.                                                                    | CUSIP: 0018A3BH6<br>LEI: 213800VD256NU2D97H12 | Long             | STIV             | CORP              | NZ        |   2190000 | PA      | $2185982.23   | 0.21%             | 2026-02-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II                                | Principal Life Global Funding II                                                              | CUSIP: 74256LFA2<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   2910000 | PA      | $2938260.73   | 0.28%             | 2027-08-19      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                          | Goldman Sachs Bank USA                                                                        | CUSIP: 38151LAE0<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3152051.94   | 0.30%             | 2027-03-18      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                               | Lowe's Cos., Inc.                                                                             | CUSIP: 548661EP8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1761676.35   | 0.17%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Credit Agricole Corporate and Investment Bank                   | Credit Agricole Corporate and Investment Bank                                                 | CUSIP: 22533UBL6<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | FR        |   3010000 | PA      | $3003639.27   | 0.28%             | 2026-02-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank Corporate Markets plc                               | Lloyds Bank Corporate Markets plc                                                             | CUSIP: 53947B3U2<br>LEI: 213800MBWEIJDM5CU638 | Long             | STIV             | CORP              | GB        |   6090000 | PA      | $6099588.71   | 0.57%             | 2026-05-15      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                                        | Cooperatieve Rabobank UA                                                                      | CUSIP: 21684X5Y8<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | STIV             | CORP              | NL        |   5470000 | PA      | $5472219.73   | 0.51%             | 2026-11-16      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| National Securities Clearing Corp.                              | National Securities Clearing Corp.                                                            | CUSIP: 637639AN5<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |   5715000 | PA      | $5757146.75   | 0.54%             | 2027-05-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                                          | Home Depot, Inc. (The)                                                                        | CUSIP: 437076CZ3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2916274.16   | 0.27%             | 2026-06-25      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust                                     | Volkswagen Auto Lease Trust, Series 2025-B, Class A2B                                         | CUSIP: 92868BAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2281000 | PA      | $2283272.56   | 0.21%             | 2028-04-20      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital Services, Inc.                                  | Hyundai Capital Services, Inc.                                                                | CUSIP: 44920UAX6<br>LEI: 549300MALMDAGL2ZJJ27 | Long             | DBT              | CORP              | KR        |   5790000 | PA      | $5900829.63   | 0.55%             | 2028-01-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                                        | Cooperatieve Rabobank UA                                                                      | CUSIP: 21688ABK7<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   5610000 | PA      | $5733812.53   | 0.54%             | 2028-01-21      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                        | John Deere Capital Corp.                                                                      | CUSIP: 24422EXY0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   2780000 | PA      | $2801720.11   | 0.26%             | 2027-01-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                        | UnitedHealth Group, Inc.                                                                      | CUSIP: 91058UB28<br>LEI: 549300GHBMY8T5GXDE41 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3998766.80   | 0.38%             | 2026-02-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                  | BNP Paribas SA                                                                                | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | RA               | CORP              | FR        |   8250000 | PA      | $8250000.00   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Micro Devices, Inc.                                    | Advanced Micro Devices, Inc.                                                                  | CUSIP: 007903BH9<br>LEI: R2I72C950HOYXII45366 | Long             | DBT              | CORP              | US        |   3040000 | PA      | $3048961.16   | 0.29%             | 2026-09-24      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| Credit Industriel et Commercial                                 | Credit Industriel et Commercial                                                               | CUSIP: 22536WK39<br>LEI: N4JDFKKH2FTD8RKFXO39 | Long             | STIV             | CORP              | FR        |   6000000 | PA      | $6008934.60   | 0.56%             | 2026-05-12      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| HSBC USA, Inc.                                                  | HSBC USA, Inc.                                                                                | CUSIP: 40434RB35<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |   7800000 | PA      | $7796727.90   | 0.73%             | 2026-02-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                           | NextEra Energy Capital Holdings, Inc.                                                         | CUSIP: 65339KDG2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2235000 | PA      | $2274818.74   | 0.21%             | 2028-02-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ANZ New Zealand Int'l Ltd.                                      | ANZ New Zealand Int'l Ltd.                                                                    | CUSIP: 0018A3F41<br>LEI: 213800VD256NU2D97H12 | Long             | STIV             | CORP              | NZ        |   9950000 | PA      | $9821651.97   | 0.92%             | 2026-06-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                        | Bristol-Myers Squibb Co.                                                                      | CUSIP: 110122EM6<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   2055000 | PA      | $2055259.69   | 0.19%             | 2026-02-20      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Brookfield Renewable Partners LP                                | Brookfield Renewable Partners LP                                                              | CUSIP: 11284XC66<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | STIV             | CORP              | BM        |    520000 | PA      | $518046.05    | 0.05%             | 2026-03-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                             | Bank of New York Mellon Corp. (The)                                                           | CUSIP: 06406RCD7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   9240000 | PA      | $9268111.04   | 0.87%             | 2028-06-09      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                                 | Starbucks Corp.                                                                               | CUSIP: 855244BG3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   3130000 | PA      | $3158024.58   | 0.30%             | 2027-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| NatWest Markets plc                                             | NatWest Markets plc                                                                           | CUSIP: 63906YAM0<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   4220000 | PA      | $4289027.47   | 0.40%             | 2028-03-21      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                             | Macquarie Bank Ltd.                                                                           | CUSIP: 55608PBQ6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   1990000 | PA      | $2016226.65   | 0.19%             | 2026-12-07      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                               | Wells Fargo & Co., Series W                                                                   | CUSIP: 95000U3R2<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2010000 | PA      | $2026975.17   | 0.19%             | 2028-01-24      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                             | Nissan Auto Receivables Owner Trust, Series 2025-B, Class A2A                                 | CUSIP: 65490DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2238000 | PA      | $2242111.65   | 0.21%             | 2028-07-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                        | PNC Financial Services Group, Inc. (The)                                                      | CUSIP: 693475CG8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   4040000 | PA      | $4045692.04   | 0.38%             | 2029-01-26      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                    | American Honda Finance Corp.                                                                  | CUSIP: 02665WGC9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5007702.40   | 0.47%             | 2026-07-15      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                   | State Street Bank & Trust Co.                                                                 | CUSIP: 857449AD4<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1137383.33   | 0.11%             | 2026-11-25      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Brookfield Renewable Partners LP                                | Brookfield Renewable Partners LP                                                              | CUSIP: 11284XC58<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | STIV             | CORP              | BM        |   4320000 | PA      | $4304235.02   | 0.40%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NTT Finance Americas, Inc.                                      | NTT Finance Americas, Inc.                                                                    | CUSIP: 67018DBR0<br>LEI: 5493002G2563PEW0DU90 | Long             | STIV             | CORP              | US        |   3320000 | PA      | $3310798.62   | 0.31%             | 2026-02-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Mizuho Securities USA LLC                                       | Mizuho Securities USA LLC                                                                     | CUSIP: N/A<br>LEI: 7TK5RJIZDFROZCA6XF66       | Long             | RA               | CORP              | US        |   3500000 | PA      | $3500000.00   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.                      | Australia & New Zealand Banking Group Ltd.                                                    | CUSIP: 05253MZQ0<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | STIV             | CORP              | AU        |   6660000 | PA      | $6662498.83   | 0.63%             | 2026-05-11      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                | Amazon.com, Inc.                                                                              | CUSIP: 023135CS3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   2010000 | PA      | $2017196.54   | 0.19%             | 2028-11-20      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Pure Grove Funding                                              | Pure Grove Funding                                                                            | CUSIP: 74625UBR3<br>LEI: 5493001D6K5CFMBUWV36 | Long             | STIV             | CORP              | CA        |   6400000 | PA      | $6382778.88   | 0.60%             | 2026-02-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                | Deutsche Bank AG                                                                              | CUSIP: 25161DAL7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | STIV             | CORP              | DE        |   8730000 | PA      | $8750737.24   | 0.82%             | 2026-07-17      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Brookfield Corporate Treasury Ltd.                              | Brookfield Corporate Treasury Ltd.                                                            | CUSIP: 11271GCS0<br>LEI: N/A                  | Long             | STIV             | CORP              | CA        |   2730000 | PA      | $2713587.79   | 0.25%             | 2026-03-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Siemens Financieringsmaatschappij NV                            | Siemens Financieringsmaatschappij NV                                                          | CUSIP: 826200AD9<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |   8750000 | PA      | $8855578.99   | 0.83%             | 2026-08-17      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                           | Athene Global Funding                                                                         | CUSIP: 04685A4Q1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   3065000 | PA      | $3068196.43   | 0.29%             | 2026-08-10      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                           | NextEra Energy Capital Holdings, Inc.                                                         | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1790000 | PA      | $1810481.43   | 0.17%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Accenture Capital, Inc.                                         | Accenture Capital, Inc.                                                                       | CUSIP: 00440KAA1<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |   2015000 | PA      | $2023888.81   | 0.19%             | 2027-10-04      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                       | RTX Corp.                                                                                     | CUSIP: 75513ECQ2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1595000 | PA      | $1595353.07   | 0.15%             | 2026-02-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                           | International Business Machines Corp.                                                         | CUSIP: 459200JZ5<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   6070000 | PA      | $6061691.08   | 0.57%             | 2026-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Taxable Municipal Funding Trust                                 | Taxable Municipal Funding Trust, Series 2020-11                                               | CUSIP: 62630WEL7<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    720000 | PA      | $720000.00    | 0.07%             | 2030-09-01      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                         | Daimler Truck Finance North America LLC                                                       | CUSIP: 233853BG4<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1627787.94   | 0.15%             | 2027-08-12      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                         | Hyundai Auto Lease Securitization Trust, Series 2026-A, Class A2B                             | CUSIP: 448970AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1921000 | PA      | $1921209.77   | 0.18%             | 2028-05-15      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                         | Daimler Truck Finance North America LLC                                                       | CUSIP: 233853BC3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $1802672.27   | 0.17%             | 2028-01-13      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                              | Bank of America NA                                                                            | CUSIP: 06054RDM1<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | STIV             | CORP              | US        |   3810000 | PA      | $3809598.92   | 0.36%             | 2026-08-24      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| Pure Grove Funding                                              | Pure Grove Funding                                                                            | CUSIP: 74625UB44<br>LEI: 5493001D6K5CFMBUWV36 | Long             | STIV             | CORP              | CA        |   4000000 | PA      | $3997953.20   | 0.38%             | 2026-02-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                            | JPMorgan Chase & Co.                                                                          | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3978654.64   | 0.37%             | 2027-04-22      | Variable      | 1.58%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                          | Extra Space Storage LP                                                                        | CUSIP: 30227QCC8<br>LEI: 549300YNKSKNZFR8UC42 | Long             | STIV             | CORP              | US        |   2040000 | PA      | $2031010.94   | 0.19%             | 2026-03-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank NA                                          | Morgan Stanley Bank NA                                                                        | CUSIP: 61690U8F0<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   8770000 | PA      | $8785519.39   | 0.83%             | 2027-10-15      | Floating      | 4.34%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                              | BMW US Capital LLC                                                                            | CUSIP: 05565ECN3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   2770000 | PA      | $2778362.96   | 0.26%             | 2026-08-13      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                     | Citibank NA                                                                                   | CUSIP: 17325FBM9<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   8450000 | PA      | $8466827.25   | 0.80%             | 2027-11-19      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| NBN Co. Ltd.                                                    | NBN Co. Ltd.                                                                                  | CUSIP: 62878U2H4<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | NUSS              | AU        |   5925000 | PA      | $5930777.17   | 0.56%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                             | CNH Equipment Trust, Series 2026-A, Class A2A                                                 | CUSIP: 189920AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5218000 | PA      | $5217611.78   | 0.49%             | 2029-06-15      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                         | Mercedes-Benz Finance North America LLC                                                       | CUSIP: 58769JAT4<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   2840000 | PA      | $2854480.54   | 0.27%             | 2026-07-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CDP Financial, Inc.                                             | CDP Financial, Inc.                                                                           | CUSIP: 125094BB7<br>LEI: 549300OXMGVYFCBFV096 | Long             | DBT              | NUSS              | CA        |   2523000 | PA      | $2523468.95   | 0.24%             | 2026-02-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                              | Northwestern Mutual Global Funding                                                            | CUSIP: 66815L2X6<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   1425000 | PA      | $1431741.29   | 0.13%             | 2028-08-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                       | Toyota Motor Credit Corp.                                                                     | CUSIP: 89236TMR3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2951681.50   | 0.28%             | 2026-04-10      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                           | Athene Global Funding                                                                         | CUSIP: 04685A4M0<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |  11065000 | PA      | $11116171.42  | 1.04%             | 2028-03-06      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Credit Agricole Corporate and Investment Bank                   | Credit Agricole Corporate and Investment Bank                                                 | CUSIP: 22536JXP5<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | FR        |   9420000 | PA      | $9445053.43   | 0.89%             | 2026-07-31      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                                  | Protective Life Global Funding                                                                | CUSIP: 74368CBX1<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3186592.89   | 0.30%             | 2027-01-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance USA plc                                       | Rio Tinto Finance USA plc                                                                     | CUSIP: 76720AAQ9<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1040000 | PA      | $1047295.28   | 0.10%             | 2027-03-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                            | American Express Co.                                                                          | CUSIP: 025816DS5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $3051575.17   | 0.29%             | 2027-04-23      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                         | Hyundai Capital America                                                                       | CUSIP: 44891ADA2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2005000 | PA      | $2016423.67   | 0.19%             | 2026-06-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                             | Macquarie Bank Ltd.                                                                           | CUSIP: 55608PBZ6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   4285000 | PA      | $4293304.16   | 0.40%             | 2028-02-03      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                              | Northwestern Mutual Global Funding                                                            | CUSIP: 66815L2V0<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   3940000 | PA      | $3986601.81   | 0.37%             | 2028-03-21      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                                  | Pacific Life Global Funding II                                                                | CUSIP: 6944PL3G2<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   6635000 | PA      | $6645482.70   | 0.62%             | 2027-02-04      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Securities LLC                                      | Wells Fargo Securities LLC                                                                    | CUSIP: N/A<br>LEI: VYVVCKR63DVZZN70PB21       | Long             | RA               | CORP              | US        |  12500000 | PA      | $12500000.00  | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Bank Ltd.                                                | Mizuho Bank Ltd.                                                                              | CUSIP: 60710TE49<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | JP        |   8750000 | PA      | $8751173.38   | 0.82%             | 2026-02-18      | Floating      | 3.98%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                         | Volkswagen Group of America Finance LLC                                                       | CUSIP: 928668CD2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   3140000 | PA      | $3141453.10   | 0.30%             | 2026-03-20      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| USAA Auto Owner Trust                                           | USAA Auto Owner Trust, Series 2025-A, Class A2                                                | CUSIP: 90327HAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1751089.55   | 0.16%             | 2028-03-15      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                       | Toyota Motor Credit Corp.                                                                     | CUSIP: 89236TMD4<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   2975000 | PA      | $2987190.45   | 0.28%             | 2026-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Reliance Funding Co. LLC                                        | Reliance Funding Co. LLC                                                                      | CUSIP: 75946HDM0<br>LEI: 984500FEC3CBFAFD4111 | Long             | STIV             | CORP              | US        |   3950000 | PA      | $3916583.00   | 0.37%             | 2026-04-21      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                             | CNH Equipment Trust, Series 2024-B, Class A2A                                                 | CUSIP: 18978JAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105004 | PA      | $105071.71    | 0.01%             | 2027-10-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                              | Banco Santander SA                                                                            | CUSIP: 05973RGA4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | STIV             | CORP              | ES        |   6240000 | PA      | $6240816.19   | 0.59%             | 2026-03-05      | Floating      | 3.89%                 | No            |                  2 | On Loan: No      |
| TWDC Enterprises 18 Corp.                                       | TWDC Enterprises 18 Corp.                                                                     | CUSIP: 25468PDV5<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |   6040000 | PA      | $5982143.87   | 0.56%             | 2027-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                        | UnitedHealth Group, Inc.                                                                      | CUSIP: 91324PFF4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    850000 | PA      | $853138.80    | 0.08%             | 2026-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                          | Goldman Sachs Bank USA                                                                        | CUSIP: 38151LAF7<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |   3150000 | PA      | $3154810.93   | 0.30%             | 2027-03-18      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| PNC Bank NA                                                     | PNC Bank NA                                                                                   | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   4240000 | PA      | $4245638.35   | 0.40%             | 2027-05-13      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                     | Toronto-Dominion Bank (The), New York                                                         | CUSIP: 89115DRT5<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |   4710000 | PA      | $4711404.99   | 0.44%             | 2026-03-20      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| Verto Capital I Compartment A                                   | Verto Capital I Compartment A                                                                 | CUSIP: 92544LBB8<br>LEI: 635400H24DGVN77S6U37 | Long             | STIV             | CORP              | LU        |   2750000 | PA      | $2746607.60   | 0.26%             | 2026-02-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                         | Daimler Truck Finance North America LLC                                                       | CUSIP: 233853BK5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   2280000 | PA      | $2279885.75   | 0.21%             | 2029-01-12      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                                  | Commonwealth Bank of Australia                                                                | CUSIP: 20271RAV2<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   3035000 | PA      | $3077220.10   | 0.29%             | 2028-03-14      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                            | Macquarie Group Ltd.                                                                          | CUSIP: 55608VE49<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | STIV             | CORP              | AU        |   9660000 | PA      | $9562528.67   | 0.90%             | 2026-05-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VW Credit, Inc.                                                 | VW Credit, Inc.                                                                               | CUSIP: 91842KG18<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |   3070000 | PA      | $3020112.81   | 0.28%             | 2026-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                  | Morgan Stanley                                                                                | CUSIP: 61746BEF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8987291.82   | 0.84%             | 2027-01-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                                 | Danske Bank A/S                                                                               | CUSIP: 23636REF7<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | STIV             | CORP              | DK        |   8120000 | PA      | $8031601.62   | 0.75%             | 2026-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                  | BNP Paribas SA, New York                                                                      | CUSIP: 05593DLV3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | STIV             | CORP              | FR        |   2500000 | PA      | $2500091.00   | 0.23%             | 2026-07-13      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                           | Westpac Banking Corp.                                                                         | CUSIP: 9612C1J81<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        |   6000000 | PA      | $5864677.20   | 0.55%             | 2022-09-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                             | Toyota Auto Receivables Owner Trust, Series 2026-A, Class A2B                                 | CUSIP: 89240KAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1186000 | PA      | $1186228.07   | 0.11%             | 2028-12-15      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                             | Toyota Auto Receivables Owner Trust, Series 2025-D, Class A2B                                 | CUSIP: 89231GAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1555000 | PA      | $1555755.42   | 0.15%             | 2028-08-15      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| Western Union Co. (The)                                         | Western Union Co. (The)                                                                       | CUSIP: 95980HB62<br>LEI: 28ID94QU1140NC23S047 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3997075.60   | 0.38%             | 2026-02-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Corp.                                                | Mitsubishi Corp.                                                                              | CUSIP: 606769AL1<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | DBT              | CORP              | JP        |   1035000 | PA      | $1034062.97   | 0.10%             | 2028-09-09      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PayPal Holdings, Inc.                                           | PayPal Holdings, Inc.                                                                         | CUSIP: 70450YAS2<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1318957.01   | 0.12%             | 2028-03-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Bunge Ltd. Finance Corp.                                        | Bunge Ltd. Finance Corp.                                                                      | CUSIP: 12057BC91<br>LEI: 549300QHC068L40NNM71 | Long             | STIV             | CORP              | US        |   2135000 | PA      | $2126215.33   | 0.20%             | 2026-03-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                       | Toyota Motor Credit Corp.                                                                     | CUSIP: 89236TND3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   5850000 | PA      | $5850277.64   | 0.55%             | 2026-02-24      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                                    | Ford Credit Auto Lease Trust, Series 2026-A, Class A2A                                        | CUSIP: 345276AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1940000 | PA      | $1941113.37   | 0.18%             | 2028-08-15      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                             | Intesa Sanpaolo SpA                                                                           | CUSIP: 46115K6V7<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | STIV             | CORP              | IT        |   5290000 | PA      | $5292100.13   | 0.50%             | 2026-05-14      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp.                                           | Parker-Hannifin Corp.                                                                         | CUSIP: 70109MBH6<br>LEI: 5493002CONDB4N2HKI23 | Long             | STIV             | CORP              | US        |   3280000 | PA      | $3273720.11   | 0.31%             | 2026-02-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                         | Hyundai Capital America                                                                       | CUSIP: 44891ADJ3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2965000 | PA      | $2978260.70   | 0.28%             | 2027-09-24      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.              | National Rural Utilities Cooperative Finance Corp.                                            | CUSIP: 63743HFY3<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   7550000 | PA      | $7568895.46   | 0.71%             | 2026-11-22      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                                | Skandinaviska Enskilda Banken AB                                                              | CUSIP: 830505BE2<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |   6205000 | PA      | $6274472.79   | 0.59%             | 2028-06-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                                         | BMW Vehicle Lease Trust, Series 2025-2, Class A2A                                             | CUSIP: 05594HAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3980000 | PA      | $3981614.29   | 0.37%             | 2027-11-26      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                              | Banco Santander SA                                                                            | CUSIP: 05973REQ1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | STIV             | CORP              | ES        |   7020000 | PA      | $7032216.20   | 0.66%             | 2026-05-26      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                                         | BMW Vehicle Lease Trust, Series 2025-2, Class A2B                                             | CUSIP: 05594HAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2920000 | PA      | $2920368.21   | 0.27%             | 2027-11-26      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                             | Toyota Auto Receivables Owner Trust, Series 2025-D, Class A2A                                 | CUSIP: 89231GAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2192000 | PA      | $2194127.99   | 0.21%             | 2028-08-15      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                    | American Honda Finance Corp.                                                                  | CUSIP: 02665KC96<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |   2500000 | PA      | $2489806.75   | 0.23%             | 2026-03-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                        | U.S. Treasury Notes                                                                           | CUSIP: 91282CLS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13355000 | PA      | $13401012.12  | 1.26%             | 2026-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner Trust                              | Honda Auto Receivables Owner Trust, Series 2025-4, Class A2B                                  | CUSIP: 43814XAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3579000 | PA      | $3584224.62   | 0.34%             | 2028-06-15      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                              | Canadian Imperial Bank of Commerce, New York                                                  | CUSIP: 13606DFC1<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |   3000000 | PA      | $3000139.20   | 0.28%             | 2026-02-06      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured | New York City Transitional Finance Authority Future Tax Secured, Series 2025J, Sub-Series J-2 | CUSIP: 64972JUW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2835000 | PA      | $2851476.45   | 0.27%             | 2026-11-01      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                    | Ford Credit Auto Owner Trust, Series 2025-C, Class A2B                                        | CUSIP: 34535LAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1770000 | PA      | $1770590.12   | 0.17%             | 2028-09-15      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                    | American Honda Finance Corp.                                                                  | CUSIP: 02665KDA2<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |   3935000 | PA      | $3905134.14   | 0.37%             | 2026-04-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                           | Athene Global Funding                                                                         | CUSIP: 04685A4J7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   3810000 | PA      | $3814902.48   | 0.36%             | 2026-07-16      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                                  | Commonwealth Bank of Australia                                                                | CUSIP: 2027A0KV0<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   2770000 | PA      | $2779236.76   | 0.26%             | 2026-11-27      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                                          | Waste Management, Inc.                                                                        | CUSIP: 94106LBX6<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   2155000 | PA      | $2189925.68   | 0.21%             | 2027-07-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                     | Toronto-Dominion Bank (The)                                                                   | CUSIP: 89115DEY8<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |   8720000 | PA      | $8724853.64   | 0.82%             | 2026-06-04      | Floating      | 3.99%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                              | Banco Santander SA                                                                            | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | RA               | CORP              | US        |  15500000 | PA      | $15500000.00  | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                                  | Citigroup Global Markets, Inc.                                                                | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |   6000000 | PA      | $6000000.00   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Equitable America Global Funding                                | Equitable America Global Funding                                                              | CUSIP: 29446Q2F9<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |   6050000 | PA      | $6075914.27   | 0.57%             | 2028-12-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ASB Bank Ltd.                                                   | ASB Bank Ltd.                                                                                 | CUSIP: 00216LAG8<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |   2925000 | PA      | $2939927.65   | 0.28%             | 2026-06-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                                  | Pacific Life Global Funding II                                                                | CUSIP: 6944PL3E7<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5007825.30   | 0.47%             | 2028-01-27      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II                                | Principal Life Global Funding II                                                              | CUSIP: 7425APAD7<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1128623.78   | 0.11%             | 2028-08-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pure Grove Funding                                              | Pure Grove Funding                                                                            | CUSIP: 74625UJA2<br>LEI: 5493001D6K5CFMBUWV36 | Long             | STIV             | CORP              | CA        |   5320000 | PA      | $5198555.04   | 0.49%             | 2026-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| National Bank of Kuwait                                         | National Bank of Kuwait                                                                       | CUSIP: 63423KCW0<br>LEI: 549300NB7FE83IH6BW96 | Long             | STIV             | CORP              | KW        |  12000000 | PA      | $11926053.60  | 1.12%             | 2026-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank plc                                                 | Lloyds Bank plc                                                                               | CUSIP: 53943SG27<br>LEI: H7FNTJ4851HG0EXQ1Z70 | Long             | STIV             | CORP              | GB        |  15160000 | PA      | $14921351.28  | 1.40%             | 2026-07-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                           | NextEra Energy Capital Holdings, Inc.                                                         | CUSIP: 65339NC51<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | STIV             | CORP              | US        |   5500000 | PA      | $5479928.85   | 0.51%             | 2026-03-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                                    | Ford Credit Auto Lease Trust, Series 2024-B, Class A2A                                        | CUSIP: 345279AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19089 | PA      | $19099.95     | 0.00%             | 2027-02-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| National Bank of Kuwait                                         | National Bank of Kuwait                                                                       | CUSIP: 63376GBD9<br>LEI: 549300NB7FE83IH6BW96 | Long             | STIV             | CORP              | KW        |   5325000 | PA      | $5327090.06   | 0.50%             | 2027-01-25      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| General Dynamics Corp.                                          | General Dynamics Corp.                                                                        | CUSIP: 369550BL1<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1966500.00   | 0.18%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                         | Standard Chartered Bank, New York                                                             | CUSIP: 85325VTX8<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | GB        |   3400000 | PA      | $3400562.22   | 0.32%             | 2027-02-05      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| Commerzbank AG                                                  | Commerzbank AG                                                                                | CUSIP: 20259YMY4<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | STIV             | CORP              | DE        |   3280000 | PA      | $3279953.10   | 0.31%             | 2027-02-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Overwatch Bravo Funding LLC                                     | Overwatch Bravo Funding LLC                                                                   | CUSIP: 69040CDF4<br>LEI: 254900PNCXTKEIEUSA81 | Long             | STIV             | CORP              | US        |   3000000 | PA      | $2976687.60   | 0.28%             | 2026-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                                 | Nordea Bank Abp                                                                               | CUSIP: 65558RAG4<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   3150000 | PA      | $3192124.13   | 0.30%             | 2027-03-19      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                                 | Sumitomo Mitsui Trust Bank Ltd.                                                               | CUSIP: 86563VBT5<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   2770000 | PA      | $2793599.02   | 0.26%             | 2027-09-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                         | Hyundai Capital America                                                                       | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   3030000 | PA      | $3057050.33   | 0.29%             | 2027-03-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                                     | Nationwide Building Society                                                                   | CUSIP: 63859UBH5<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   8900000 | PA      | $8754596.16   | 0.82%             | 2026-10-13      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| VW Credit, Inc.                                                 | VW Credit, Inc.                                                                               | CUSIP: 91842KCL8<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |   5860000 | PA      | $5829103.15   | 0.55%             | 2026-03-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Stryker Corp.                                                   | Stryker Corp.                                                                                 | CUSIP: 863667BJ9<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   5935000 | PA      | $5979563.90   | 0.56%             | 2027-02-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                     | Truist Bank, Series I                                                                         | CUSIP: 89788JAJ8<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2102376.53   | 0.20%             | 2029-01-27      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                                        | Cooperatieve Rabobank UA                                                                      | CUSIP: 21688ABN1<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   6210000 | PA      | $6233338.86   | 0.59%             | 2027-05-27      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                          | UBS AG                                                                                        | CUSIP: 90261AAE2<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |   7760000 | PA      | $7769846.51   | 0.73%             | 2027-05-17      | Floating      | 4.19%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                           | Bank of America Corp.                                                                         | CUSIP: 06051GFX2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6380000 | PA      | $6374917.12   | 0.60%             | 2026-04-19      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                                        | Toyota Lease Owner Trust, Series 2025-B, Class A2B                                            | CUSIP: 89240NAC6<br>LEI: 25490023VYI9VGKU0357 | Long             | ABS-O            | CORP              | US        |   1583000 | PA      | $1583789.13   | 0.15%             | 2028-05-22      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| HSBC USA, Inc.                                                  | HSBC USA, Inc.                                                                                | CUSIP: 40446MMP1<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |   2680000 | PA      | $2588615.22   | 0.24%             | 2026-12-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Private Bank NA                                  | Morgan Stanley Private Bank NA                                                                | CUSIP: 61776NZU0<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   2305000 | PA      | $2311405.80   | 0.22%             | 2028-11-17      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                  | Hyundai Auto Receivables Trust, Series 2024-B, Class A2B                                      | CUSIP: 44934QAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    236895 | PA      | $236903.14    | 0.02%             | 2027-06-15      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| Pfizer, Inc.                                                    | Pfizer, Inc.                                                                                  | CUSIP: 717081FJ7<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1043491.98   | 0.10%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                            | Glencore Funding LLC                                                                          | CUSIP: 37790BBH3<br>LEI: 213800STG1QDNBY87K49 | Long             | STIV             | CORP              | US        |   7750000 | PA      | $7734852.63   | 0.73%             | 2022-02-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ANZ New Zealand Int'l Ltd.                                      | ANZ New Zealand Int'l Ltd.                                                                    | CUSIP: 00182EBV0<br>LEI: 213800VD256NU2D97H12 | Long             | DBT              | CORP              | NZ        |    900000 | PA      | $900823.01    | 0.08%             | 2029-01-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Natixis SA                                                      | Natixis SA                                                                                    | CUSIP: 63873TCN6<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | STIV             | CORP              | FR        |   4460000 | PA      | $4466524.98   | 0.42%             | 2026-05-13      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                                       | Bank of Nova Scotia (The)                                                                     | CUSIP: 06418NGW6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | STIV             | CORP              | CA        |   4170000 | PA      | $4170823.99   | 0.39%             | 2026-03-18      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                  | Hyundai Auto Receivables Trust, Series 2025-D, Class A2B                                      | CUSIP: 44891XAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7053000 | PA      | $7057971.66   | 0.66%             | 2028-11-15      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                               | Barclays Bank plc, New York                                                                   | CUSIP: 06745GGX3<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |   2500000 | PA      | $2501088.50   | 0.23%             | 2026-11-19      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                       | Toyota Motor Credit Corp.                                                                     | CUSIP: 89236TPE9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   7700000 | PA      | $7718452.43   | 0.72%             | 2027-06-09      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                              | Canadian Imperial Bank of Commerce                                                            | CUSIP: 13606DRD6<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |   3800000 | PA      | $3800128.82   | 0.36%             | 2027-01-11      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                           | Sumitomo Mitsui Financial Group, Inc.                                                         | CUSIP: 86562MEJ5<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   6095000 | PA      | $6096670.94   | 0.57%             | 2029-01-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Telstra Group Ltd.                                              | Telstra Group Ltd.                                                                            | CUSIP: 8796VRDW8<br>LEI: 894500WRW54CVN62K416 | Long             | STIV             | CORP              | AU        |   3430000 | PA      | $3396000.13   | 0.32%             | 2026-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                                           | BofA Securities, Inc.                                                                         | CUSIP: 06054PF50<br>LEI: 549300HN4UKV1E2R3U73 | Long             | STIV             | CORP              | US        |   4750000 | PA      | $4687656.25   | 0.44%             | 2026-06-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Reliance Funding Co. LLC                                        | Reliance Funding Co. LLC                                                                      | CUSIP: 75946HB59<br>LEI: 984500FEC3CBFAFD4111 | Long             | STIV             | CORP              | US        |   8210000 | PA      | $8204954.96   | 0.77%             | 2026-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                              | Canadian Imperial Bank of Commerce, New York                                                  | CUSIP: 13606DPL0<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |   5200000 | PA      | $5205819.89   | 0.49%             | 2026-11-09      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Mizuho Securities USA LLC                                       | Mizuho Securities USA LLC                                                                     | CUSIP: N/A<br>LEI: 7TK5RJIZDFROZCA6XF66       | Long             | RA               | CORP              | US        |  19000000 | PA      | $19000000.00  | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of New Zealand                                             | Bank of New Zealand                                                                           | CUSIP: 06406QHC6<br>LEI: N7LGVZM7X4UQ66T7LT74 | Long             | STIV             | CORP              | NZ        |   2000000 | PA      | $1960603.60   | 0.18%             | 2026-08-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                         | BPCE SA                                                                                       | CUSIP: 05571AAT2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   2010000 | PA      | $2035894.23   | 0.19%             | 2027-01-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MUFG Bank Ltd.                                                  | Mizuho Bank Ltd., New York                                                                    | CUSIP: 55381BQZ4<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | JP        |   5650000 | PA      | $5650546.36   | 0.53%             | 2026-07-31      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                             | Nissan Auto Receivables Owner Trust, Series 2025-B, Class A2B                                 | CUSIP: 65490DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1413000 | PA      | $1414167.70   | 0.13%             | 2028-07-17      | Floating      | 4.09%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                              | BMW US Capital LLC                                                                            | CUSIP: 05565ECP8<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1179544.15   | 0.11%             | 2026-08-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                              | Canadian Imperial Bank of Commerce, New York                                                  | CUSIP: 13606DEU2<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |   7090000 | PA      | $7090454.47   | 0.67%             | 2026-02-09      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| PayPal Holdings, Inc.                                           | PayPal Holdings, Inc.                                                                         | CUSIP: 70450YAR4<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |   2080000 | PA      | $2086290.73   | 0.20%             | 2028-03-06      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                          | JPMorgan Chase Bank NA                                                                        | CUSIP: 48125LRU8<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | DBT              | CORP              | US        |   3030000 | PA      | $3062303.68   | 0.29%             | 2026-12-08      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                         | Daimler Truck Finance North America LLC                                                       | CUSIP: 233853AV2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2285340.84   | 0.21%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                            | Caterpillar Financial Services Corp.                                                          | CUSIP: 14913UBD1<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7524981.98   | 0.71%             | 2028-11-14      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Korea Development Bank                                          | Korea Development Bank                                                                        | CUSIP: 50066BQ46<br>LEI: 549300ML2LNRZUCS7149 | Long             | STIV             | CORP              | KR        |   5750000 | PA      | $5752937.68   | 0.54%             | 2026-03-02      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                    | Marriott International, Inc.                                                                  | CUSIP: 571903BV4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   3030000 | PA      | $3040048.57   | 0.29%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                             | Toyota Auto Receivables Owner Trust, Series 2026-A, Class A2A                                 | CUSIP: 89240KAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3734000 | PA      | $3735417.05   | 0.35%             | 2028-12-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                                  | Citigroup Global Markets, Inc.                                                                | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |  13000000 | PA      | $13000000.00  | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.              | National Rural Utilities Cooperative Finance Corp.                                            | CUSIP: 63743HGA4<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   2690000 | PA      | $2693416.03   | 0.25%             | 2026-10-30      | Floating      | 3.98%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                     | Truist Bank                                                                                   | CUSIP: 89788JAE9<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   4955000 | PA      | $4963190.22   | 0.47%             | 2027-05-20      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                                 | Nordea Bank Abp                                                                               | CUSIP: 65558RAM1<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   2210000 | PA      | $2221310.25   | 0.21%             | 2028-03-17      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| Westpac New Zealand Ltd.                                        | Westpac New Zealand Ltd.                                                                      | CUSIP: 96122FAF4<br>LEI: 549300MW73M5PK1PNG73 | Long             | DBT              | CORP              | NZ        |   2050000 | PA      | $2056265.05   | 0.19%             | 2029-01-29      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp.                                                  | Amphenol Corp.                                                                                | CUSIP: 032095AM3<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    750000 | PA      | $750987.48    | 0.07%             | 2026-03-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States of America                                        | U.S. Treasury Notes                                                                           | CUSIP: 91282CLH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5815000 | PA      | $5818725.21   | 0.55%             | 2026-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Helvetica Funding Co. LLC                                       | Helvetica Funding Co. LLC                                                                     | CUSIP: 42351CDU1<br>LEI: 9845008D80E44E0A7B98 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4954411.00   | 0.47%             | 2026-04-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                             | CNH Equipment Trust, Series 2024-B, Class A2B                                                 | CUSIP: 18978JAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     91713 | PA      | $91719.31     | 0.01%             | 2027-10-15      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                            | Glencore Funding LLC                                                                          | CUSIP: 37790BC41<br>LEI: 213800STG1QDNBY87K49 | Long             | STIV             | CORP              | US        |   4430000 | PA      | $4414032.95   | 0.41%             | 2022-03-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                              | Metropolitan Life Global Funding I                                                            | CUSIP: 592179KR5<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1300935.36   | 0.12%             | 2028-08-25      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                           | Westpac Banking Corp.                                                                         | CUSIP: 9612E0DL8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   2900000 | PA      | $2904743.91   | 0.27%             | 2028-03-06      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                                  | Protective Life Global Funding                                                                | CUSIP: 743672AG2<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   8460000 | PA      | $8466985.68   | 0.80%             | 2026-07-22      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                                        | Cooperatieve Rabobank UA                                                                      | CUSIP: 21684LL91<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | STIV             | CORP              | NL        |   2750000 | PA      | $2750931.43   | 0.26%             | 2026-04-08      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                            | Caterpillar Financial Services Corp.                                                          | CUSIP: 14913UAW0<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   2155000 | PA      | $2159593.02   | 0.20%             | 2027-01-07      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| Union Electric Co.                                              | Union Electric Co.                                                                            | CUSIP: 90655KB29<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4998443.00   | 0.47%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp.                                                  | Amphenol Corp.                                                                                | CUSIP: 032095AV3<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   3725000 | PA      | $3734115.08   | 0.35%             | 2027-11-15      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| VW Credit, Inc.                                                 | VW Credit, Inc.                                                                               | CUSIP: 91842KEC6<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |   2250000 | PA      | $2225373.30   | 0.21%             | 2026-05-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                         | Hyundai Capital America                                                                       | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2625000 | PA      | $2656774.97   | 0.25%             | 2027-01-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.              | National Rural Utilities Cooperative Finance Corp.                                            | CUSIP: 63743HFW7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1370526.36   | 0.13%             | 2028-02-07      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Equitable America Global Funding                                | Equitable America Global Funding                                                              | CUSIP: 29446Q2D4<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |   3115000 | PA      | $3119906.13   | 0.29%             | 2027-09-15      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                  | Hyundai Auto Receivables Trust, Series 2025-C, Class A2B                                      | CUSIP: 44935JAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2537000 | PA      | $2538768.54   | 0.24%             | 2028-07-17      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                          | UBS AG                                                                                        | CUSIP: 90261AAD4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |   3420000 | PA      | $3449847.26   | 0.32%             | 2028-01-10      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                                  | Citigroup Global Markets, Inc.                                                                | CUSIP: 17327BBA2<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | STIV             | CORP              | US        |   2260000 | PA      | $2257467.67   | 0.21%             | 2026-02-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank plc                                                   | HSBC Bank plc                                                                                 | CUSIP: 40433FVM8<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | STIV             | CORP              | GB        |   2000000 | PA      | $2000280.20   | 0.19%             | 2026-02-24      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                                           | BofA Securities, Inc.                                                                         | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |  12250000 | PA      | $12250000.00  | 1.15%             |  |  |  | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                    | American Honda Finance Corp.                                                                  | CUSIP: 02665WFN6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2005240.00   | 0.19%             | 2026-10-05      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                               | Wells Fargo & Co.                                                                             | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2980000 | PA      | $2987635.33   | 0.28%             | 2028-01-24      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC                         | Volkswagen Group of America Finance LLC                                                       | CUSIP: 928668CV2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   3280000 | PA      | $3290476.91   | 0.31%             | 2027-09-11      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                                    | National Australia Bank Ltd.                                                                  | CUSIP: 632525CG4<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   2805000 | PA      | $2808927.56   | 0.26%             | 2028-03-06      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                                       | United Overseas Bank Ltd.                                                                     | CUSIP: 91127KAL6<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |   3035000 | PA      | $3043902.78   | 0.29%             | 2028-04-02      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                    | Ford Credit Auto Owner Trust, Series 2025-B, Class A2B                                        | CUSIP: 34532BAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2558000 | PA      | $2558488.83   | 0.24%             | 2028-06-15      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                                         | Standard Chartered Bank                                                                       | CUSIP: 85324UEM1<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | GB        |   9370000 | PA      | $9259500.53   | 0.87%             | 2026-05-21      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                                         | National Bank of Canada                                                                       | CUSIP: 63307MGV5<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |   4080000 | PA      | $4005132.00   | 0.38%             | 2026-07-29      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB, New York                              | Svenska Handelsbanken AB, New York                                                            | CUSIP: 86959TNF9<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |   3500000 | PA      | $3502154.88   | 0.33%             | 2026-04-22      | Floating      | 4.04%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                            | Caterpillar Financial Services Corp.                                                          | CUSIP: 14913UAV2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   2780000 | PA      | $2800965.73   | 0.26%             | 2027-01-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                     | Citibank NA                                                                                   | CUSIP: 17325FBJ6<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   4420000 | PA      | $4441721.29   | 0.42%             | 2026-08-06      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                    | Ford Credit Auto Owner Trust, Series 2024-B, Class A2A                                        | CUSIP: 34531QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    159597 | PA      | $159740.13    | 0.02%             | 2027-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. LP                                     | Penske Truck Leasing Co. LP                                                                   | CUSIP: 70962BB29<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | STIV             | CORP              | US        |    795000 | PA      | $794743.77    | 0.07%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Securities, Inc.                                  | Deutsche Bank Securities, Inc.                                                                | CUSIP: N/A<br>LEI: 9J6MBOOO7BECTDTUZW19       | Long             | RA               | CORP              | US        |   3500000 | PA      | $3500000.00   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                            | Macquarie Group Ltd.                                                                          | CUSIP: 55608VD81<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | STIV             | CORP              | AU        |   9275000 | PA      | $9207222.94   | 0.86%             | 2026-04-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                | Bank of Montreal                                                                              | CUSIP: 06367DTY1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |   3000000 | PA      | $3000372.90   | 0.28%             | 2026-11-13      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp.                                                  | Amphenol Corp.                                                                                | CUSIP: 032095AN1<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   2755000 | PA      | $2791741.81   | 0.26%             | 2027-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                                         | Goldman Sachs & Co. LLC                                                                       | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Long             | RA               | CORP              | US        |  20000000 | PA      | $20000000.00  | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC USA, Inc.                                                  | HSBC USA, Inc.                                                                                | CUSIP: 40434REK4<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |   9730000 | PA      | $9617407.36   | 0.90%             | 2026-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                           | Westpac Banking Corp.                                                                         | CUSIP: 96130AD88<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        |   3750000 | PA      | $3751565.25   | 0.35%             | 2026-08-12      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp.                                           | Parker-Hannifin Corp.                                                                         | CUSIP: 70109MCK8<br>LEI: 5493002CONDB4N2HKI23 | Long             | STIV             | CORP              | US        |   3250000 | PA      | $3233351.23   | 0.30%             | 2026-03-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                                       | Florida Power & Light Co.                                                                     | CUSIP: 341081GR2<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   1915000 | PA      | $1917901.21   | 0.18%             | 2026-05-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| United States of America                                        | U.S. Treasury Notes                                                                           | CUSIP: 91282CLP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2930000 | PA      | $2927962.74   | 0.27%             | 2026-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MUFG Bank Ltd.                                                  | MUFG Bank Ltd.                                                                                | CUSIP: 62479MF24<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | JP        |   3810000 | PA      | $3761657.20   | 0.35%             | 2026-06-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                    | Ford Credit Auto Owner Trust, Series 2025-C, Class A2A                                        | CUSIP: 34535LAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1862000 | PA      | $1864470.13   | 0.18%             | 2028-09-15      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance USA plc                                       | Rio Tinto Finance USA plc                                                                     | CUSIP: 76720AAY2<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1395000 | PA      | $1406393.54   | 0.13%             | 2028-03-14      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                                      | Mars, Inc.                                                                                    | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   3370000 | PA      | $3394737.92   | 0.32%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Salisbury Receivables Co. LLC                                   | Salisbury Receivables Co. LLC                                                                 | CUSIP: 79490BF43<br>LEI: 549300HB2PGDP0V6U989 | Long             | STIV             | CORP              | US        |   2710000 | PA      | $2674933.14   | 0.25%             | 2026-06-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                         | Hyundai Auto Lease Securitization Trust, Series 2026-A, Class A2A                             | CUSIP: 448970AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4109000 | PA      | $4110915.20   | 0.39%             | 2028-05-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| NTT Finance Corp.                                               | NTT Finance Corp.                                                                             | CUSIP: 62954WAP0<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   2865000 | PA      | $2889966.27   | 0.27%             | 2027-07-16      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel SA                           | Banque Federative du Credit Mutuel SA                                                         | CUSIP: 06675FBC0<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   3140000 | PA      | $3177243.85   | 0.30%             | 2027-01-23      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| United States of America                                        | U.S. Treasury Notes                                                                           | CUSIP: 912828P46<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2580000 | PA      | $2578066.86   | 0.24%             | 2026-02-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                          | Extra Space Storage LP                                                                        | CUSIP: 30227QCB0<br>LEI: 549300YNKSKNZFR8UC42 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3982800.00   | 0.37%             | 2026-03-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                    | American Honda Finance Corp.                                                                  | CUSIP: 02665WFV8<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2201672.00   | 0.21%             | 2026-05-21      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                         | Hyundai Capital America                                                                       | CUSIP: 44891ADY0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2835000 | PA      | $2855793.85   | 0.27%             | 2027-06-23      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| JPMorgan Securities LLC                                         | JPMorgan Securities LLC                                                                       | CUSIP: N/A<br>LEI: ZBUT11V806EZRVTWT807       | Long             | RA               | CORP              | US        |   6220000 | PA      | $6220000.00   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-31

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer