# EDGAR Filing Document

**Accession Number:** 0001282693
**File Stem:** 0000894189-25-015339
**Filing Date:** 2025-11
**Character Count:** 296718
**Document Hash:** 1a1681a064ff33d3d1f04487ee89a2f7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-015339.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000894189-25-015339

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BAIRD FUNDS INC
- **CENTRAL INDEX KEY:** 0001282693

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09997
- **FILM NUMBER:** 251522284

**BUSINESS ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-3500

**MAIL ADDRESS:**
- **STREET 1:** 777 EAST WISCONSIN AVENUE
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Baird Short-Term Bond Fund (Series ID: S000000757)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000002171 | Institutional  | BSBIX           |
| C000118526 | Investor Class | BSBSX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Baird Short-Term Bond Fund** | **Baird Short-Term Bond Fund** | **Baird Short-Term Bond Fund** | **Baird Short-Term Bond Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 51.1%** | **CORPORATE BONDS - 51.1%** | **Par** | **Value**  |
| **Financials - 22.0%** | **Financials - 22.0%** | **Financials - 22.0%** | **Financials - 22.0%** |
| ABN AMRO Bank NV | ABN AMRO Bank NV | ABN AMRO Bank NV | ABN AMRO Bank NV |
| &nbsp;&nbsp; 4.80%, 04/18/2026 <sup>(a)</sup> | &nbsp;&nbsp; 4.80%, 04/18/2026 <sup>(a)</sup> | $12400000 | $12417967 |
| &nbsp;&nbsp; 4.99% to 12/03/2027 then 1 yr. CMT Rate + 0.78%, 12/03/2028 (Callable 12/03/2027) <sup>(a)</sup> | &nbsp;&nbsp; 4.99% to 12/03/2027 then 1 yr. CMT Rate + 0.78%, 12/03/2028 (Callable 12/03/2027) <sup>(a)</sup> | 3000000 | 3046422 |
|  AEGON Funding Co. LLC, 5.50%, 04/16/2027 (Callable 03/16/2027) <sup>(a)</sup> | AEGON Funding Co. LLC, 5.50%, 04/16/2027 (Callable 03/16/2027) <sup>(a)</sup> | 50000000 | 50874492 |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | AerCap Ireland Capital DAC / AerCap Global Aviation Trust |
| &nbsp;&nbsp; 6.10%, 01/15/2027 (Callable 12/15/2026) | &nbsp;&nbsp; 6.10%, 01/15/2027 (Callable 12/15/2026) | 5000000 | 5107162 |
| &nbsp;&nbsp; 6.45%, 04/15/2027 (Callable 03/15/2027) | &nbsp;&nbsp; 6.45%, 04/15/2027 (Callable 03/15/2027) | 15773000 | 16266162 |
| &nbsp;&nbsp; 4.63%, 10/15/2027 (Callable 08/15/2027) | &nbsp;&nbsp; 4.63%, 10/15/2027 (Callable 08/15/2027) | 7300000 | 7354689 |
| &nbsp;&nbsp; 5.75%, 06/06/2028 (Callable 05/06/2028) | &nbsp;&nbsp; 5.75%, 06/06/2028 (Callable 05/06/2028) | 23000000 | 23830087 |
|  AIB Group PLC, 6.61% to 09/13/2028 then SOFR + 2.33%, 09/13/2029 (Callable 09/13/2028) <sup>(a)</sup> | AIB Group PLC, 6.61% to 09/13/2028 then SOFR + 2.33%, 09/13/2029 (Callable 09/13/2028) <sup>(a)</sup> | 37724000 | 40045457 |
| Air Lease Corp. | Air Lease Corp. | Air Lease Corp. | Air Lease Corp. |
| &nbsp;&nbsp; 1.88%, 08/15/2026 (Callable 07/15/2026) | &nbsp;&nbsp; 1.88%, 08/15/2026 (Callable 07/15/2026) | 1679000 | 1644085 |
| &nbsp;&nbsp; 2.20%, 01/15/2027 (Callable 12/15/2026) | &nbsp;&nbsp; 2.20%, 01/15/2027 (Callable 12/15/2026) | 5817000 | 5658336 |
| &nbsp;&nbsp; 5.85%, 12/15/2027 (Callable 11/15/2027) | &nbsp;&nbsp; 5.85%, 12/15/2027 (Callable 11/15/2027) | 2668000 | 2748064 |
|  Aircastle Ltd., 6.50%, 07/18/2028 (Callable 06/18/2028) <sup>(a)</sup> | Aircastle Ltd., 6.50%, 07/18/2028 (Callable 06/18/2028) <sup>(a)</sup> | 22700000 | 23854051 |
|  Ally Financial, Inc., 5.74% (SOFR + 1.96%), 05/15/2029 (Callable 05/15/2028) | Ally Financial, Inc., 5.74% (SOFR + 1.96%), 05/15/2029 (Callable 05/15/2028) | 20000000 | 20471685 |
|  Aon North America, Inc., 5.13%, 03/01/2027 (Callable 02/01/2027) | Aon North America, Inc., 5.13%, 03/01/2027 (Callable 02/01/2027) | 14225000 | 14422613 |
| Aviation Capital Group LLC | Aviation Capital Group LLC | Aviation Capital Group LLC | Aviation Capital Group LLC |
| &nbsp;&nbsp; 1.95%, 09/20/2026 (Callable 08/20/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.95%, 09/20/2026 (Callable 08/20/2026) <sup>(a)</sup> | 11983000 | 11709501 |
| &nbsp;&nbsp; 4.75%, 04/14/2027 <sup>(a)</sup> | &nbsp;&nbsp; 4.75%, 04/14/2027 <sup>(a)</sup> | 20629000 | 20720954 |
| &nbsp;&nbsp; 3.50%, 11/01/2027 (Callable 07/01/2027) <sup>(a)</sup> | &nbsp;&nbsp; 3.50%, 11/01/2027 (Callable 07/01/2027) <sup>(a)</sup> | 20035000 | 19676253 |
| &nbsp;&nbsp; 6.25%, 04/15/2028 (Callable 03/15/2028) <sup>(a)</sup> | &nbsp;&nbsp; 6.25%, 04/15/2028 (Callable 03/15/2028) <sup>(a)</sup> | 5000000 | 5212215 |
| Banco Santander SA | Banco Santander SA | Banco Santander SA | Banco Santander SA |
| &nbsp;&nbsp; 4.18% to 03/24/2027 then 1 yr. CMT Rate + 2.00%, 03/24/2028 (Callable 03/24/2027) | &nbsp;&nbsp; 4.18% to 03/24/2027 then 1 yr. CMT Rate + 2.00%, 03/24/2028 (Callable 03/24/2027) | 15000000 | 14977575 |
| &nbsp;&nbsp; 5.37% to 07/15/2027 then 1 yr. CMT Rate + 0.95%, 07/15/2028 (Callable 07/15/2027) | &nbsp;&nbsp; 5.37% to 07/15/2027 then 1 yr. CMT Rate + 0.95%, 07/15/2028 (Callable 07/15/2027) | 5000000 | 5101321 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp; 4.38% to 04/27/2027 then SOFR + 1.58%, 04/27/2028 (Callable 04/27/2027) | &nbsp;&nbsp; 4.38% to 04/27/2027 then SOFR + 1.58%, 04/27/2028 (Callable 04/27/2027) | 15069000 | 15123308 |
| &nbsp;&nbsp; 3.97% to 03/05/2028 then 3 mo. Term SOFR + 1.33%, 03/05/2029 (Callable 03/05/2028) | &nbsp;&nbsp; 3.97% to 03/05/2028 then 3 mo. Term SOFR + 1.33%, 03/05/2029 (Callable 03/05/2028) | 25000000 | 24878451 |
| Bank of Ireland Group PLC | Bank of Ireland Group PLC | Bank of Ireland Group PLC | Bank of Ireland Group PLC |
| &nbsp;&nbsp; 2.03% to 09/30/2026 then 1 yr. CMT Rate + 1.10%, 09/30/2027 (Callable 09/30/2026) <sup>(a)</sup> | &nbsp;&nbsp; 2.03% to 09/30/2026 then 1 yr. CMT Rate + 1.10%, 09/30/2027 (Callable 09/30/2026) <sup>(a)</sup> | 32751000 | 32006834 |
| &nbsp;&nbsp; 5.60% (SOFR + 1.62%), 03/20/2030 (Callable 03/20/2029) <sup>(a)</sup> | &nbsp;&nbsp; 5.60% (SOFR + 1.62%), 03/20/2030 (Callable 03/20/2029) <sup>(a)</sup> | 23400000 | 24267071 |
|  Bank of Montreal, 5.37%, 06/04/2027 | Bank of Montreal, 5.37%, 06/04/2027 | 9375000 | 9581043 |
|  Bank of New York Mellon, 4.73% to 04/20/2028 then SOFR + 1.14%, 04/20/2029 (Callable 04/20/2028) | Bank of New York Mellon, 4.73% to 04/20/2028 then SOFR + 1.14%, 04/20/2029 (Callable 04/20/2028) | 21700000 | 22056443 |
|  Bank of Nova Scotia, 4.40% to 09/08/2027 then SOFR + 1.00%, 09/08/2028 (Callable 09/08/2027) | Bank of Nova Scotia, 4.40% to 09/08/2027 then SOFR + 1.00%, 09/08/2028 (Callable 09/08/2027) | 47225000 | 47470271 |
|  Banque Federative du Credit Mutuel SA, 5.19%, 02/16/2028 <sup>(a)</sup> | Banque Federative du Credit Mutuel SA, 5.19%, 02/16/2028 <sup>(a)</sup> | 28700000 | 29325960 |
| Barclays PLC | Barclays PLC | Barclays PLC | Barclays PLC |
| &nbsp;&nbsp; 5.50% to 08/09/2027 then 1 yr. CMT Rate + 2.65%, 08/09/2028 (Callable 08/09/2027) | &nbsp;&nbsp; 5.50% to 08/09/2027 then 1 yr. CMT Rate + 2.65%, 08/09/2028 (Callable 08/09/2027) | 30000000 | 30644700 |
| &nbsp;&nbsp; 5.09% to 02/25/2028 then SOFR + 0.96%, 02/25/2029 (Callable 02/25/2028) | &nbsp;&nbsp; 5.09% to 02/25/2028 then SOFR + 0.96%, 02/25/2029 (Callable 02/25/2028) | 23750000 | 24176609 |
|  BGC Group, Inc., 4.38%, 12/15/2025 (Callable 10/11/2025) | BGC Group, Inc., 4.38%, 12/15/2025 (Callable 10/11/2025) | 7083000 | 7074026 |
| BNP Paribas SA | BNP Paribas SA | BNP Paribas SA | BNP Paribas SA |
| &nbsp;&nbsp; 4.63%, 03/13/2027 <sup>(a)</sup> | &nbsp;&nbsp; 4.63%, 03/13/2027 <sup>(a)</sup> | 1300000 | 1304739 |
| &nbsp;&nbsp; 3.50%, 11/16/2027 <sup>(a)</sup> | &nbsp;&nbsp; 3.50%, 11/16/2027 <sup>(a)</sup> | 5000000 | 4926602 |
| &nbsp;&nbsp; 2.59% to 01/20/2027 then SOFR + 1.23%, 01/20/2028 (Callable 01/20/2027) <sup>(a)</sup> | &nbsp;&nbsp; 2.59% to 01/20/2027 then SOFR + 1.23%, 01/20/2028 (Callable 01/20/2027) <sup>(a)</sup> | 10300000 | 10077676 |
| &nbsp;&nbsp; 4.79% to 05/09/2028 then SOFR + 1.45%, 05/09/2029 (Callable 05/09/2028) <sup>(a)</sup> | &nbsp;&nbsp; 4.79% to 05/09/2028 then SOFR + 1.45%, 05/09/2029 (Callable 05/09/2028) <sup>(a)</sup> | 42000000 | 42391154 |
| BPCE SA | BPCE SA | BPCE SA | BPCE SA |
| &nbsp;&nbsp; 2.05% to 10/19/2026 then SOFR + 1.09%, 10/19/2027 (Callable 10/19/2026) <sup>(a)</sup> | &nbsp;&nbsp; 2.05% to 10/19/2026 then SOFR + 1.09%, 10/19/2027 (Callable 10/19/2026) <sup>(a)</sup> | 2432000 | 2374029 |
| &nbsp;&nbsp; 6.61% to 10/19/2026 then SOFR + 1.98%, 10/19/2027 (Callable 10/19/2026) <sup>(a)</sup> | &nbsp;&nbsp; 6.61% to 10/19/2026 then SOFR + 1.98%, 10/19/2027 (Callable 10/19/2026) <sup>(a)</sup> | 15000000 | 15339191 |
| &nbsp;&nbsp; 3.50%, 10/23/2027 <sup>(a)</sup> | &nbsp;&nbsp; 3.50%, 10/23/2027 <sup>(a)</sup> | 30602000 | 30079254 |
| &nbsp;&nbsp; 6.71% to 10/19/2028 then SOFR + 2.27%, 10/19/2029 (Callable 10/19/2028) <sup>(a)</sup> | &nbsp;&nbsp; 6.71% to 10/19/2028 then SOFR + 2.27%, 10/19/2029 (Callable 10/19/2028) <sup>(a)</sup> | 3125000 | 3317497 |
|  Brighthouse Financial Global Funding, 5.55%, 04/09/2027 <sup>(a)</sup> | Brighthouse Financial Global Funding, 5.55%, 04/09/2027 <sup>(a)</sup> | 30000000 | 30503356 |
|  Brown & Brown, Inc., 4.70%, 06/23/2028 (Callable 05/23/2028) | Brown & Brown, Inc., 4.70%, 06/23/2028 (Callable 05/23/2028) | 5700000 | 5754421 |
|  Canadian Imperial Bank of Commerce, 5.24%, 06/28/2027 | Canadian Imperial Bank of Commerce, 5.24%, 06/28/2027 | 50000000 | 50996953 |
|  Cantor Fitzgerald LP, 4.50%, 04/14/2027 (Callable 01/14/2027) <sup>(a)</sup> | Cantor Fitzgerald LP, 4.50%, 04/14/2027 (Callable 01/14/2027) <sup>(a)</sup> | 15000000 | 14880607 |
|  Capital One Financial Corp., 6.31% to 06/08/2028 then SOFR + 2.64%, 06/08/2029 (Callable 06/08/2028) | Capital One Financial Corp., 6.31% to 06/08/2028 then SOFR + 2.64%, 06/08/2029 (Callable 06/08/2028) | 31000000 | 32519374 |
|  Capital One NA, 5.97% to 08/09/2028 then 5 yr. Mid Swap Rate USD + 1.73%, 08/09/2028 | Capital One NA, 5.97% to 08/09/2028 then 5 yr. Mid Swap Rate USD + 1.73%, 08/09/2028 | 16000000 | 16567623 |
| Centene Corp. | Centene Corp. | Centene Corp. | Centene Corp. |
| &nbsp;&nbsp; 4.25%, 12/15/2027 (Callable 10/16/2025) | &nbsp;&nbsp; 4.25%, 12/15/2027 (Callable 10/16/2025) | 40757000 | 40024081 |
| &nbsp;&nbsp; 2.45%, 07/15/2028 (Callable 05/15/2028) | &nbsp;&nbsp; 2.45%, 07/15/2028 (Callable 05/15/2028) | 15000000 | 13938494 |
| Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. | Citigroup, Inc. |
| &nbsp;&nbsp; 3.07% to 02/24/2027 then SOFR + 1.28%, 02/24/2028 (Callable 02/24/2027) | &nbsp;&nbsp; 3.07% to 02/24/2027 then SOFR + 1.28%, 02/24/2028 (Callable 02/24/2027) | 15000000 | 14769867 |
| &nbsp;&nbsp; 4.79% to 03/04/2028 then SOFR + 0.87%, 03/04/2029 (Callable 03/04/2028) | &nbsp;&nbsp; 4.79% to 03/04/2028 then SOFR + 0.87%, 03/04/2029 (Callable 03/04/2028) | 45000000 | 45579609 |
| CNO Global Funding | CNO Global Funding | CNO Global Funding | CNO Global Funding |
| &nbsp;&nbsp; 5.88%, 06/04/2027 <sup>(a)</sup> | &nbsp;&nbsp; 5.88%, 06/04/2027 <sup>(a)</sup> | 35000000 | 35907402 |
| &nbsp;&nbsp; 4.88%, 12/10/2027 <sup>(a)</sup> | &nbsp;&nbsp; 4.88%, 12/10/2027 <sup>(a)</sup> | 8500000 | 8609822 |
| &nbsp;&nbsp; 4.38%, 09/08/2028 <sup>(a)</sup> | &nbsp;&nbsp; 4.38%, 09/08/2028 <sup>(a)</sup> | 11000000 | 11004613 |
| Cooperatieve Rabobank UA | Cooperatieve Rabobank UA | Cooperatieve Rabobank UA | Cooperatieve Rabobank UA |
| &nbsp;&nbsp; 1.98% to 12/15/2026 then 1 yr. CMT Rate + 0.73%, 12/15/2027 (Callable 12/15/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.98% to 12/15/2026 then 1 yr. CMT Rate + 0.73%, 12/15/2027 (Callable 12/15/2026) <sup>(a)</sup> | 7000000 | 6810490 |
| &nbsp;&nbsp; 3.65% to 04/06/2027 then 1 yr. CMT Rate + 1.22%, 04/06/2028 (Callable 04/06/2027) <sup>(a)</sup> | &nbsp;&nbsp; 3.65% to 04/06/2027 then 1 yr. CMT Rate + 1.22%, 04/06/2028 (Callable 04/06/2027) <sup>(a)</sup> | 48768000 | 48407978 |
| &nbsp;&nbsp; 4.66% to 08/22/2027 then 1 yr. CMT Rate + 1.75%, 08/22/2028 (Callable 08/22/2027) <sup>(a)</sup> | &nbsp;&nbsp; 4.66% to 08/22/2027 then 1 yr. CMT Rate + 1.75%, 08/22/2028 (Callable 08/22/2027) <sup>(a)</sup> | 2500000 | 2520974 |
|  Corebridge Global Funding, 4.65%, 08/20/2027 <sup>(a)</sup> | Corebridge Global Funding, 4.65%, 08/20/2027 <sup>(a)</sup> | 14500000 | 14661327 |
| Credit Agricole SA | Credit Agricole SA | Credit Agricole SA | Credit Agricole SA |
| &nbsp;&nbsp; 5.23% to 01/09/2028 then SOFR + 1.13%, 01/09/2029 (Callable 01/09/2028) <sup>(a)</sup> | &nbsp;&nbsp; 5.23% to 01/09/2028 then SOFR + 1.13%, 01/09/2029 (Callable 01/09/2028) <sup>(a)</sup> | 8600000 | 8764982 |
| &nbsp;&nbsp; 6.32% to 10/03/2028 then SOFR + 1.86%, 10/03/2029 (Callable 10/03/2028) <sup>(a)</sup> | &nbsp;&nbsp; 6.32% to 10/03/2028 then SOFR + 1.86%, 10/03/2029 (Callable 10/03/2028) <sup>(a)</sup> | 1000000 | 1054230 |
|  Credit Agricole SA/London, 4.13%, 01/10/2027 <sup>(a)</sup> | Credit Agricole SA/London, 4.13%, 01/10/2027 <sup>(a)</sup> | 10000000 | 9982236 |
| Danske Bank AS | Danske Bank AS | Danske Bank AS | Danske Bank AS |
| &nbsp;&nbsp; 5.43% to 03/01/2027 then 1 yr. CMT Rate + 0.95%, 03/01/2028 (Callable 03/01/2027) <sup>(a)</sup> | &nbsp;&nbsp; 5.43% to 03/01/2027 then 1 yr. CMT Rate + 0.95%, 03/01/2028 (Callable 03/01/2027) <sup>(a)</sup> | 5000000 | 5085177 |
| &nbsp;&nbsp; 4.30% to 04/01/2027 then 1 yr. CMT Rate + 1.75%, 04/01/2028 (Callable 04/01/2027) <sup>(a)</sup> | &nbsp;&nbsp; 4.30% to 04/01/2027 then 1 yr. CMT Rate + 1.75%, 04/01/2028 (Callable 04/01/2027) <sup>(a)</sup> | 1392000 | 1393292 |
| Deutsche Bank AG/New York NY | Deutsche Bank AG/New York NY | Deutsche Bank AG/New York NY | Deutsche Bank AG/New York NY |
| &nbsp;&nbsp; 2.31% to 11/16/2026 then SOFR + 1.22%, 11/16/2027 (Callable 11/16/2026) | &nbsp;&nbsp; 2.31% to 11/16/2026 then SOFR + 1.22%, 11/16/2027 (Callable 11/16/2026) | 20057000 | 19618201 |
| &nbsp;&nbsp; 5.37% to 01/10/2028 then SOFR + 1.21%, 01/10/2029 (Callable 01/10/2028) | &nbsp;&nbsp; 5.37% to 01/10/2028 then SOFR + 1.21%, 01/10/2029 (Callable 01/10/2028) | 24000000 | 24515934 |
| &nbsp;&nbsp; 6.72% to 01/18/2028 then SOFR + 3.18%, 01/18/2029 (Callable 01/18/2028) | &nbsp;&nbsp; 6.72% to 01/18/2028 then SOFR + 3.18%, 01/18/2029 (Callable 01/18/2028) | 11500000 | 12076599 |
|  Digital Realty Trust LP, 5.55%, 01/15/2028 (Callable 12/15/2027) | Digital Realty Trust LP, 5.55%, 01/15/2028 (Callable 12/15/2027) | 30129000 | 31012772 |
|  Extra Space Storage LP, 3.88%, 12/15/2027 (Callable 09/15/2027) | Extra Space Storage LP, 3.88%, 12/15/2027 (Callable 09/15/2027) | 34960000 | 34730191 |
| Federation des Caisses Desjardins du Quebec | Federation des Caisses Desjardins du Quebec | Federation des Caisses Desjardins du Quebec | Federation des Caisses Desjardins du Quebec |
| &nbsp;&nbsp; 4.55%, 08/23/2027 <sup>(a)</sup> | &nbsp;&nbsp; 4.55%, 08/23/2027 <sup>(a)</sup> | 12700000 | 12827830 |
| &nbsp;&nbsp; 5.70%, 03/14/2028 <sup>(a)</sup> | &nbsp;&nbsp; 5.70%, 03/14/2028 <sup>(a)</sup> | 13000000 | 13474065 |
|  Fifth Third Bank NA, 4.97% to 01/28/2027 then SOFR + 0.81%, 01/28/2028 (Callable 01/28/2027) | Fifth Third Bank NA, 4.97% to 01/28/2027 then SOFR + 0.81%, 01/28/2028 (Callable 01/28/2027) | 28500000 | 28787719 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |
| &nbsp;&nbsp; 4.94% (SOFR + 1.32%), 04/23/2028 (Callable 04/23/2027) | &nbsp;&nbsp; 4.94% (SOFR + 1.32%), 04/23/2028 (Callable 04/23/2027) | 15000000 | 15175600 |
| &nbsp;&nbsp; 3.81% to 04/23/2028 then 3 mo. Term SOFR + 1.42%, 04/23/2029 (Callable 04/23/2028) | &nbsp;&nbsp; 3.81% to 04/23/2028 then 3 mo. Term SOFR + 1.42%, 04/23/2029 (Callable 04/23/2028) | 35000000 | 34701600 |
| &nbsp;&nbsp; 4.22% to 05/01/2028 then 3 mo. Term SOFR + 1.56%, 05/01/2029 (Callable 05/01/2028) | &nbsp;&nbsp; 4.22% to 05/01/2028 then 3 mo. Term SOFR + 1.56%, 05/01/2029 (Callable 05/01/2028) | 10000000 | 10011668 |
| HSBC Holdings PLC | HSBC Holdings PLC | HSBC Holdings PLC | HSBC Holdings PLC |
| &nbsp;&nbsp; 4.04% to 03/13/2027 then 3 mo. Term SOFR + 1.81%, 03/13/2028 (Callable 03/13/2027) | &nbsp;&nbsp; 4.04% to 03/13/2027 then 3 mo. Term SOFR + 1.81%, 03/13/2028 (Callable 03/13/2027) | 22494000 | 22431258 |
| &nbsp;&nbsp; 5.60% to 05/17/2027 then SOFR + 1.06%, 05/17/2028 (Callable 05/17/2027) | &nbsp;&nbsp; 5.60% to 05/17/2027 then SOFR + 1.06%, 05/17/2028 (Callable 05/17/2027) | 7000000 | 7147004 |
| &nbsp;&nbsp; 5.13% to 11/19/2027 then SOFR + 1.04%, 11/19/2028 (Callable 11/19/2027) | &nbsp;&nbsp; 5.13% to 11/19/2027 then SOFR + 1.04%, 11/19/2028 (Callable 11/19/2027) | 24300000 | 24733190 |
| ING Groep NV | ING Groep NV | ING Groep NV | ING Groep NV |
| &nbsp;&nbsp; 4.02% to 03/28/2027 then SOFR + 1.83%, 03/28/2028 (Callable 03/28/2027) | &nbsp;&nbsp; 4.02% to 03/28/2027 then SOFR + 1.83%, 03/28/2028 (Callable 03/28/2027) | 4988000 | 4973134 |
| &nbsp;&nbsp; 4.86% to 03/25/2028 then SOFR + 1.01%, 03/25/2029 (Callable 03/25/2028) | &nbsp;&nbsp; 4.86% to 03/25/2028 then SOFR + 1.01%, 03/25/2029 (Callable 03/25/2028) | 10312000 | 10448694 |
|  Jackson National Life Global Funding, 4.90%, 01/13/2027 <sup>(a)</sup> | Jackson National Life Global Funding, 4.90%, 01/13/2027 <sup>(a)</sup> | 5000000 | 5040894 |
| Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. | Jefferies Financial Group, Inc. |
| &nbsp;&nbsp; 4.85%, 01/15/2027 | &nbsp;&nbsp; 4.85%, 01/15/2027 | 23000000 | 23185907 |
| &nbsp;&nbsp; 6.45%, 06/08/2027 | &nbsp;&nbsp; 6.45%, 06/08/2027 | 2380000 | 2463214 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| &nbsp;&nbsp; 5.04% to 01/23/2027 then SOFR + 1.19%, 01/23/2028 (Callable 01/23/2027) | &nbsp;&nbsp; 5.04% to 01/23/2027 then SOFR + 1.19%, 01/23/2028 (Callable 01/23/2027) | 15000000 | 15170128 |
| &nbsp;&nbsp; 5.57% to 04/22/2027 then SOFR + 0.93%, 04/22/2028 (Callable 04/22/2027) | &nbsp;&nbsp; 5.57% to 04/22/2027 then SOFR + 0.93%, 04/22/2028 (Callable 04/22/2027) | 27200000 | 27794081 |
| &nbsp;&nbsp; 4.51% to 10/22/2027 then SOFR + 0.86%, 10/22/2028 (Callable 10/22/2027) | &nbsp;&nbsp; 4.51% to 10/22/2027 then SOFR + 0.86%, 10/22/2028 (Callable 10/22/2027) | 10000000 | 10085441 |
|  KBC Group NV, 5.80% to 01/19/2028 then 1 yr. CMT Rate + 2.10%, 01/19/2029 (Callable 01/19/2028) <sup>(a)</sup> | KBC Group NV, 5.80% to 01/19/2028 then 1 yr. CMT Rate + 2.10%, 01/19/2029 (Callable 01/19/2028) <sup>(a)</sup> | 41951000 | 43337398 |
|  Liberty Mutual Insurance Co., 7.88%, 10/15/2026 <sup>(a)</sup> | Liberty Mutual Insurance Co., 7.88%, 10/15/2026 <sup>(a)</sup> | 14335000 | 14738403 |
| Lloyds Banking Group PLC | Lloyds Banking Group PLC | Lloyds Banking Group PLC | Lloyds Banking Group PLC |
| &nbsp;&nbsp; 5.09% to 11/26/2027 then 1 yr. CMT Rate + 0.85%, 11/26/2028 (Callable 11/26/2027) | &nbsp;&nbsp; 5.09% to 11/26/2027 then 1 yr. CMT Rate + 0.85%, 11/26/2028 (Callable 11/26/2027) | 28000000 | 28498602 |
| &nbsp;&nbsp; 4.82% to 06/13/2028 then 1 yr. CMT Rate + 0.83%, 06/13/2029 (Callable 06/13/2028) | &nbsp;&nbsp; 4.82% to 06/13/2028 then 1 yr. CMT Rate + 0.83%, 06/13/2029 (Callable 06/13/2028) | 9930000 | 10068613 |
| LPL Holdings, Inc. | LPL Holdings, Inc. | LPL Holdings, Inc. | LPL Holdings, Inc. |
| &nbsp;&nbsp; 5.70%, 05/20/2027 (Callable 04/20/2027) | &nbsp;&nbsp; 5.70%, 05/20/2027 (Callable 04/20/2027) | 30000000 | 30565601 |
| &nbsp;&nbsp; 4.63%, 11/15/2027 (Callable 10/11/2025) <sup>(a)</sup> | &nbsp;&nbsp; 4.63%, 11/15/2027 (Callable 10/11/2025) <sup>(a)</sup> | 20927000 | 20888621 |
| &nbsp;&nbsp; 4.90%, 04/03/2028 (Callable 03/03/2028) | &nbsp;&nbsp; 4.90%, 04/03/2028 (Callable 03/03/2028) | 3000000 | 3032433 |
|  Macquarie Airfinance Holdings Ltd., 5.20%, 03/27/2028 (Callable 02/27/2028) <sup>(a)</sup> | Macquarie Airfinance Holdings Ltd., 5.20%, 03/27/2028 (Callable 02/27/2028) <sup>(a)</sup> | 20000000 | 20340790 |
| Macquarie Group Ltd. | Macquarie Group Ltd. | Macquarie Group Ltd. | Macquarie Group Ltd. |
| &nbsp;&nbsp; 1.63% to 09/23/2026 then SOFR + 0.91%, 09/23/2027 (Callable 09/23/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.63% to 09/23/2026 then SOFR + 0.91%, 09/23/2027 (Callable 09/23/2026) <sup>(a)</sup> | 25000000 | 24364212 |
| &nbsp;&nbsp; 4.10% to 06/21/2027 then SOFR + 2.13%, 06/21/2028 (Callable 06/21/2027) <sup>(a)</sup> | &nbsp;&nbsp; 4.10% to 06/21/2027 then SOFR + 2.13%, 06/21/2028 (Callable 06/21/2027) <sup>(a)</sup> | 15318000 | 15267579 |
|  Manufacturers & Traders Trust Co., 4.76% to 07/06/2027 then SOFR + 0.95%, 07/06/2028 (Callable 07/06/2027) | Manufacturers & Traders Trust Co., 4.76% to 07/06/2027 then SOFR + 0.95%, 07/06/2028 (Callable 07/06/2027) | 26500000 | 26755274 |
|  Marex Group PLC, 5.83%, 05/08/2028 (Callable 04/08/2028) | Marex Group PLC, 5.83%, 05/08/2028 (Callable 04/08/2028) | 25000000 | 25362868 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley | Morgan Stanley |
| &nbsp;&nbsp; 5.65% to 04/13/2027 then SOFR + 1.01%, 04/13/2028 (Callable 04/13/2027) | &nbsp;&nbsp; 5.65% to 04/13/2027 then SOFR + 1.01%, 04/13/2028 (Callable 04/13/2027) | 25000000 | 25559811 |
| &nbsp;&nbsp; 5.16% to 04/20/2028 then SOFR + 1.59%, 04/20/2029 (Callable 04/20/2028) | &nbsp;&nbsp; 5.16% to 04/20/2028 then SOFR + 1.59%, 04/20/2029 (Callable 04/20/2028) | 11000000 | 11259947 |
|  Morgan Stanley Bank NA, 5.50% to 05/26/2027 then SOFR + 0.87%, 05/26/2028 (Callable 05/26/2027) | Morgan Stanley Bank NA, 5.50% to 05/26/2027 then SOFR + 0.87%, 05/26/2028 (Callable 05/26/2027) | 19800000 | 20236385 |
|  Mutual of Omaha Cos. Global Funding, 5.35%, 04/09/2027 <sup>(a)</sup> | Mutual of Omaha Cos. Global Funding, 5.35%, 04/09/2027 <sup>(a)</sup> | 23450000 | 23846972 |
| Nationwide Building Society | Nationwide Building Society | Nationwide Building Society | Nationwide Building Society |
| &nbsp;&nbsp; 4.00%, 09/14/2026 <sup>(a)</sup> | &nbsp;&nbsp; 4.00%, 09/14/2026 <sup>(a)</sup> | 34021000 | 33937994 |
| &nbsp;&nbsp; 4.30% to 03/08/2028 then 3 mo. LIBOR US + 1.45%, 03/08/2029 (Callable 03/08/2028) <sup>(a)(b)</sup> | &nbsp;&nbsp; 4.30% to 03/08/2028 then 3 mo. LIBOR US + 1.45%, 03/08/2029 (Callable 03/08/2028) <sup>(a)(b)</sup> | 3000000 | 2997160 |
| &nbsp;&nbsp; 4.65% to 07/14/2028 then SOFR + 1.06%, 07/14/2029 (Callable 07/14/2028) <sup>(a)</sup> | &nbsp;&nbsp; 4.65% to 07/14/2028 then SOFR + 1.06%, 07/14/2029 (Callable 07/14/2028) <sup>(a)</sup> | 19000000 | 19155238 |
| NatWest Group PLC | NatWest Group PLC | NatWest Group PLC | NatWest Group PLC |
| &nbsp;&nbsp; 5.58% to 03/01/2027 then 1 yr. CMT Rate + 1.10%, 03/01/2028 (Callable 03/01/2027) | &nbsp;&nbsp; 5.58% to 03/01/2027 then 1 yr. CMT Rate + 1.10%, 03/01/2028 (Callable 03/01/2027) | 10000000 | 10185672 |
| &nbsp;&nbsp; 4.89% to 05/18/2028 then 3 mo. LIBOR US + 1.75%, 05/18/2029 (Callable 05/18/2028) <sup>(b)</sup> | &nbsp;&nbsp; 4.89% to 05/18/2028 then 3 mo. LIBOR US + 1.75%, 05/18/2029 (Callable 05/18/2028) <sup>(b)</sup> | 24000000 | 24377143 |
| &nbsp;&nbsp; 5.81% to 09/13/2028 then 1 yr. CMT Rate + 1.95%, 09/13/2029 (Callable 09/13/2028) | &nbsp;&nbsp; 5.81% to 09/13/2028 then 1 yr. CMT Rate + 1.95%, 09/13/2029 (Callable 09/13/2028) | 5085000 | 5301929 |
|  Nomura Holdings, Inc., 5.84%, 01/18/2028 | Nomura Holdings, Inc., 5.84%, 01/18/2028 | 31200000 | 32259531 |
| Principal Life Global Funding II | Principal Life Global Funding II | Principal Life Global Funding II | Principal Life Global Funding II |
| &nbsp;&nbsp; 5.00%, 01/16/2027 <sup>(a)</sup> | &nbsp;&nbsp; 5.00%, 01/16/2027 <sup>(a)</sup> | 15850000 | 16027995 |
| &nbsp;&nbsp; 4.60%, 08/19/2027 <sup>(a)</sup> | &nbsp;&nbsp; 4.60%, 08/19/2027 <sup>(a)</sup> | 17750000 | 17919029 |
|  Sammons Financial Group Global Funding, 5.05%, 01/10/2028 <sup>(a)</sup> | Sammons Financial Group Global Funding, 5.05%, 01/10/2028 <sup>(a)</sup> | 40000000 | 40677380 |
| Santander UK Group Holdings PLC | Santander UK Group Holdings PLC | Santander UK Group Holdings PLC | Santander UK Group Holdings PLC |
| &nbsp;&nbsp; 2.47% to 01/11/2027 then SOFR + 1.22%, 01/11/2028 (Callable 01/11/2027) | &nbsp;&nbsp; 2.47% to 01/11/2027 then SOFR + 1.22%, 01/11/2028 (Callable 01/11/2027) | 5000000 | 4883585 |
| &nbsp;&nbsp; 3.82% to 11/03/2027 then 3 mo. LIBOR US + 1.40%, 11/03/2028 (Callable 11/03/2027) <sup>(b)</sup> | &nbsp;&nbsp; 3.82% to 11/03/2027 then 3 mo. LIBOR US + 1.40%, 11/03/2028 (Callable 11/03/2027) <sup>(b)</sup> | 2500000 | 2474723 |
| &nbsp;&nbsp; 4.32% to 09/22/2028 then SOFR + 1.07%, 09/22/2029 (Callable 09/22/2028) | &nbsp;&nbsp; 4.32% to 09/22/2028 then SOFR + 1.07%, 09/22/2029 (Callable 09/22/2028) | 22500000 | 22437351 |
| SMBC Aviation Capital Finance DAC | SMBC Aviation Capital Finance DAC | SMBC Aviation Capital Finance DAC | SMBC Aviation Capital Finance DAC |
| &nbsp;&nbsp; 1.90%, 10/15/2026 (Callable 09/15/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.90%, 10/15/2026 (Callable 09/15/2026) <sup>(a)</sup> | 18155000 | 17695913 |
| &nbsp;&nbsp; 2.30%, 06/15/2028 (Callable 04/15/2028) <sup>(a)</sup> | &nbsp;&nbsp; 2.30%, 06/15/2028 (Callable 04/15/2028) <sup>(a)</sup> | 27410000 | 26000519 |
| &nbsp;&nbsp; 5.30%, 04/03/2029 (Callable 03/03/2029) <sup>(a)</sup> | &nbsp;&nbsp; 5.30%, 04/03/2029 (Callable 03/03/2029) <sup>(a)</sup> | 12350000 | 12681622 |
| Societe Generale SA | Societe Generale SA | Societe Generale SA | Societe Generale SA |
| &nbsp;&nbsp; 5.25%, 02/19/2027 <sup>(a)</sup> | &nbsp;&nbsp; 5.25%, 02/19/2027 <sup>(a)</sup> | 5000000 | 5054074 |
| &nbsp;&nbsp; 1.79% to 06/09/2026 then 1 yr. CMT Rate + 1.00%, 06/09/2027 (Callable 06/09/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.79% to 06/09/2026 then 1 yr. CMT Rate + 1.00%, 06/09/2027 (Callable 06/09/2026) <sup>(a)</sup> | 10000000 | 9818507 |
| &nbsp;&nbsp; 5.52% to 01/19/2027 then 1 yr. CMT Rate + 1.50%, 01/19/2028 (Callable 01/19/2027) <sup>(a)</sup> | &nbsp;&nbsp; 5.52% to 01/19/2027 then 1 yr. CMT Rate + 1.50%, 01/19/2028 (Callable 01/19/2027) <sup>(a)</sup> | 25000000 | 25334509 |
| &nbsp;&nbsp; 6.45% to 01/10/2028 then 1 yr. CMT Rate + 2.55%, 01/10/2029 (Callable 01/10/2028) <sup>(a)</sup> | &nbsp;&nbsp; 6.45% to 01/10/2028 then 1 yr. CMT Rate + 2.55%, 01/10/2029 (Callable 01/10/2028) <sup>(a)</sup> | 2000000 | 2082306 |
| &nbsp;&nbsp; 5.50% to 04/13/2028 then 1 yr. CMT Rate + 1.20%, 04/13/2029 (Callable 04/13/2028) <sup>(a)</sup> | &nbsp;&nbsp; 5.50% to 04/13/2028 then 1 yr. CMT Rate + 1.20%, 04/13/2029 (Callable 04/13/2028) <sup>(a)</sup> | 5000000 | 5105322 |
| &nbsp;&nbsp; 5.25% to 05/22/2028 then SOFR + 1.42%, 05/22/2029 (Callable 05/22/2028) <sup>(a)</sup> | &nbsp;&nbsp; 5.25% to 05/22/2028 then SOFR + 1.42%, 05/22/2029 (Callable 05/22/2028) <sup>(a)</sup> | 10000000 | 10168534 |
| Standard Chartered PLC | Standard Chartered PLC | Standard Chartered PLC | Standard Chartered PLC |
| &nbsp;&nbsp; 2.61% to 01/12/2027 then 1 yr. CMT Rate + 1.18%, 01/12/2028 (Callable 01/12/2027) <sup>(a)</sup> | &nbsp;&nbsp; 2.61% to 01/12/2027 then 1 yr. CMT Rate + 1.18%, 01/12/2028 (Callable 01/12/2027) <sup>(a)</sup> | 5000000 | 4891313 |
| &nbsp;&nbsp; 6.75% to 02/08/2027 then 1 yr. CMT Rate + 1.85%, 02/08/2028 (Callable 02/08/2027) <sup>(a)</sup> | &nbsp;&nbsp; 6.75% to 02/08/2027 then 1 yr. CMT Rate + 1.85%, 02/08/2028 (Callable 02/08/2027) <sup>(a)</sup> | 42675000 | 43976966 |
| &nbsp;&nbsp; 5.55% to 01/21/2028 then 1 yr. CMT Rate + 1.05%, 01/21/2029 (Callable 01/21/2028) <sup>(a)</sup> | &nbsp;&nbsp; 5.55% to 01/21/2028 then 1 yr. CMT Rate + 1.05%, 01/21/2029 (Callable 01/21/2028) <sup>(a)</sup> | 9585000 | 9818270 |
| Sumitomo Mitsui Trust Bank Ltd. | Sumitomo Mitsui Trust Bank Ltd. | Sumitomo Mitsui Trust Bank Ltd. | Sumitomo Mitsui Trust Bank Ltd. |
| &nbsp;&nbsp; 5.20%, 03/07/2027 <sup>(a)</sup> | &nbsp;&nbsp; 5.20%, 03/07/2027 <sup>(a)</sup> | 10000000 | 10157063 |
| &nbsp;&nbsp; 4.45%, 09/10/2027 <sup>(a)</sup> | &nbsp;&nbsp; 4.45%, 09/10/2027 <sup>(a)</sup> | 18150000 | 18281946 |
|  Svenska Handelsbanken AB, 5.50%, 06/15/2028 <sup>(a)</sup> | Svenska Handelsbanken AB, 5.50%, 06/15/2028 <sup>(a)</sup> | 3555000 | 3683220 |
|  Synchrony Bank, 5.63%, 08/23/2027 (Callable 07/23/2027) | Synchrony Bank, 5.63%, 08/23/2027 (Callable 07/23/2027) | 10367000 | 10585457 |
| Synchrony Financial | Synchrony Financial | Synchrony Financial | Synchrony Financial |
| &nbsp;&nbsp; 3.70%, 08/04/2026 (Callable 05/04/2026) | &nbsp;&nbsp; 3.70%, 08/04/2026 (Callable 05/04/2026) | 2266000 | 2251404 |
| &nbsp;&nbsp; 3.95%, 12/01/2027 (Callable 09/01/2027) | &nbsp;&nbsp; 3.95%, 12/01/2027 (Callable 09/01/2027) | 42500000 | 42013044 |
| UBS AG/Stamford CT | UBS AG/Stamford CT | UBS AG/Stamford CT | UBS AG/Stamford CT |
| &nbsp;&nbsp; 4.86% to 01/10/2027 then SOFR + 0.72%, 01/10/2028 (Callable 01/10/2027) | &nbsp;&nbsp; 4.86% to 01/10/2027 then SOFR + 0.72%, 01/10/2028 (Callable 01/10/2027) | 7000000 | 7059306 |
| &nbsp;&nbsp; 7.50%, 02/15/2028 | &nbsp;&nbsp; 7.50%, 02/15/2028 | 14000000 | 15073146 |
| UBS Group AG | UBS Group AG | UBS Group AG | UBS Group AG |
| &nbsp;&nbsp; 6.44% to 08/11/2027 then SOFR + 3.70%, 08/11/2028 (Callable 08/11/2027) <sup>(a)</sup> | &nbsp;&nbsp; 6.44% to 08/11/2027 then SOFR + 3.70%, 08/11/2028 (Callable 08/11/2027) <sup>(a)</sup> | 22300000 | 23170525 |
| &nbsp;&nbsp; 3.87% to 01/12/2028 then 3 mo. LIBOR US + 1.41%, 01/12/2029 (Callable 01/12/2028) <sup>(a)(b)</sup> | &nbsp;&nbsp; 3.87% to 01/12/2028 then 3 mo. LIBOR US + 1.41%, 01/12/2029 (Callable 01/12/2028) <sup>(a)(b)</sup> | 10000000 | 9916234 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| &nbsp;&nbsp; 5.71% to 04/22/2027 then SOFR + 1.07%, 04/22/2028 (Callable 04/22/2027) | &nbsp;&nbsp; 5.71% to 04/22/2027 then SOFR + 1.07%, 04/22/2028 (Callable 04/22/2027) | 31500000 | 32231899 |
| &nbsp;&nbsp; 3.58% to 05/22/2027 then 3 mo. Term SOFR + 1.57%, 05/22/2028 (Callable 05/22/2027) | &nbsp;&nbsp; 3.58% to 05/22/2027 then 3 mo. Term SOFR + 1.57%, 05/22/2028 (Callable 05/22/2027) | 21182000 | 20990857 |
| &nbsp;&nbsp; 4.97% (SOFR + 1.37%), 04/23/2029 (Callable 04/23/2028) | &nbsp;&nbsp; 4.97% (SOFR + 1.37%), 04/23/2029 (Callable 04/23/2028) | 3000000 | 3057125 |
|  Western-Southern Global Funding, 4.50%, 07/16/2028 <sup>(a)</sup> | Western-Southern Global Funding, 4.50%, 07/16/2028 <sup>(a)</sup> | 47323000 | 47630874 |
|  Westpac New Zealand Ltd., 5.13%, 02/26/2027 <sup>(a)</sup> | Westpac New Zealand Ltd., 5.13%, 02/26/2027 <sup>(a)</sup> | 25000000 | 25359712 |
|  |  |  | 2512543887 |
| **Industrials - 26.3%<sup>(c)</sup>** | **Industrials - 26.3%<sup>(c)</sup>** | **Industrials - 26.3%<sup>(c)</sup>** | **Industrials - 26.3%<sup>(c)</sup>** |
|  180 Medical, Inc., 3.88%, 10/15/2029 (Callable 10/11/2025) <sup>(a)</sup> | 180 Medical, Inc., 3.88%, 10/15/2029 (Callable 10/11/2025) <sup>(a)</sup> | 10000000 | 9572964 |
|  7-Eleven, Inc., 1.30%, 02/10/2028 (Callable 12/10/2027) <sup>(a)</sup> | 7-Eleven, Inc., 1.30%, 02/10/2028 (Callable 12/10/2027) <sup>(a)</sup> | 3000000 | 2805075 |
|  Advance Auto Parts, Inc., 1.75%, 10/01/2027 (Callable 08/01/2027) | Advance Auto Parts, Inc., 1.75%, 10/01/2027 (Callable 08/01/2027) | 5000000 | 4687103 |
|  Adventist Health System/West, 2.95%, 03/01/2029 (Callable 12/01/2028) | Adventist Health System/West, 2.95%, 03/01/2029 (Callable 12/01/2028) | 19750000 | 18637956 |
|  AGCO Corp., 5.45%, 03/21/2027 (Callable 02/21/2027) | AGCO Corp., 5.45%, 03/21/2027 (Callable 02/21/2027) | 12000000 | 12173668 |
|  Aker BP ASA, 5.60%, 06/13/2028 (Callable 05/13/2028) <sup>(a)</sup> | Aker BP ASA, 5.60%, 06/13/2028 (Callable 05/13/2028) <sup>(a)</sup> | 32255000 | 33259605 |
|  Allegion US Holding Co., Inc., 3.55%, 10/01/2027 (Callable 07/01/2027) | Allegion US Holding Co., Inc., 3.55%, 10/01/2027 (Callable 07/01/2027) | 3914000 | 3864947 |
|  Amcor Flexibles North America, Inc., 4.80%, 03/17/2028 | Amcor Flexibles North America, Inc., 4.80%, 03/17/2028 | 17400000 | 17595087 |
|  Amrize Finance US LLC, 4.70%, 04/07/2028 (Callable 03/07/2028) <sup>(a)</sup> | Amrize Finance US LLC, 4.70%, 04/07/2028 (Callable 03/07/2028) <sup>(a)</sup> | 20000000 | 20233420 |
| Anglo American Capital PLC | Anglo American Capital PLC | Anglo American Capital PLC | Anglo American Capital PLC |
| &nbsp;&nbsp; 4.75%, 04/10/2027 <sup>(a)</sup> | &nbsp;&nbsp; 4.75%, 04/10/2027 <sup>(a)</sup> | 8390000 | 8451193 |
| &nbsp;&nbsp; 4.50%, 03/15/2028 (Callable 12/15/2027) <sup>(a)</sup> | &nbsp;&nbsp; 4.50%, 03/15/2028 (Callable 12/15/2027) <sup>(a)</sup> | 42000000 | 42235665 |
|  APA Corp., 4.38%, 10/15/2028 (Callable 07/15/2028) | APA Corp., 4.38%, 10/15/2028 (Callable 07/15/2028) | 9783000 | 9537099 |
| ArcelorMittal SA | ArcelorMittal SA | ArcelorMittal SA | ArcelorMittal SA |
| &nbsp;&nbsp; 4.55%, 03/11/2026 | &nbsp;&nbsp; 4.55%, 03/11/2026 | 7500000 | 7498194 |
| &nbsp;&nbsp; 6.55%, 11/29/2027 (Callable 10/29/2027) | &nbsp;&nbsp; 6.55%, 11/29/2027 (Callable 10/29/2027) | 46171000 | 48175898 |
| Ashtead Capital, Inc. | Ashtead Capital, Inc. | Ashtead Capital, Inc. | Ashtead Capital, Inc. |
| &nbsp;&nbsp; 1.50%, 08/12/2026 (Callable 07/12/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.50%, 08/12/2026 (Callable 07/12/2026) <sup>(a)</sup> | 33034000 | 32254552 |
| &nbsp;&nbsp; 4.38%, 08/15/2027 (Callable 10/16/2025) <sup>(a)</sup> | &nbsp;&nbsp; 4.38%, 08/15/2027 (Callable 10/16/2025) <sup>(a)</sup> | 21744000 | 21736576 |
|  Bayer US Finance LLC, 6.13%, 11/21/2026 (Callable 10/21/2026) <sup>(a)</sup> | Bayer US Finance LLC, 6.13%, 11/21/2026 (Callable 10/21/2026) <sup>(a)</sup> | 10000000 | 10172868 |
|  Bayport Polymers LLC, 4.74%, 04/14/2027 (Callable 03/14/2027) <sup>(a)</sup> | Bayport Polymers LLC, 4.74%, 04/14/2027 (Callable 03/14/2027) <sup>(a)</sup> | 2500000 | 2507791 |
|  Berry Global, Inc., 4.88%, 07/15/2026 (Callable 10/31/2025) <sup>(a)</sup> | Berry Global, Inc., 4.88%, 07/15/2026 (Callable 10/31/2025) <sup>(a)</sup> | 16369000 | 16371308 |
|  BMW US Capital LLC, 4.60%, 08/13/2027 <sup>(a)</sup> | BMW US Capital LLC, 4.60%, 08/13/2027 <sup>(a)</sup> | 25000000 | 25212907 |
|  Boeing Co., 6.26%, 05/01/2027 (Callable 04/01/2027) | Boeing Co., 6.26%, 05/01/2027 (Callable 04/01/2027) | 7000000 | 7202424 |
|  Boston Medical Center Corp., 3.91%, 07/01/2028 | Boston Medical Center Corp., 3.91%, 07/01/2028 | 20555000 | 20094297 |
|  Broadcom, Inc., 5.05%, 07/12/2027 (Callable 06/12/2027) | Broadcom, Inc., 5.05%, 07/12/2027 (Callable 06/12/2027) | 45375000 | 46158730 |
|  Bunge Ltd. Finance Corp., 4.90%, 04/21/2027 (Callable 03/21/2027) | Bunge Ltd. Finance Corp., 4.90%, 04/21/2027 (Callable 03/21/2027) | 7625000 | 7711715 |
|  Campbell's Co., 5.20%, 03/19/2027 | Campbell's Co., 5.20%, 03/19/2027 | 7000000 | 7108129 |
|  Canadian Natural Resources Ltd., 3.85%, 06/01/2027 (Callable 03/01/2027) | Canadian Natural Resources Ltd., 3.85%, 06/01/2027 (Callable 03/01/2027) | 6092000 | 6051681 |
|  Carnival Corp., 4.00%, 08/01/2028 (Callable 05/01/2028) <sup>(a)</sup> | Carnival Corp., 4.00%, 08/01/2028 (Callable 05/01/2028) <sup>(a)</sup> | 28754000 | 28342979 |
|  CCL Industries, Inc., 3.25%, 10/01/2026 (Callable 07/01/2026) <sup>(a)</sup> | CCL Industries, Inc., 3.25%, 10/01/2026 (Callable 07/01/2026) <sup>(a)</sup> | 5780000 | 5706396 |
|  Celanese US Holdings LLC, 6.67%, 07/15/2027 (Callable 06/15/2027) | Celanese US Holdings LLC, 6.67%, 07/15/2027 (Callable 06/15/2027) | 21721000 | 22279466 |
|  CF Industries, Inc., 4.50%, 12/01/2026 <sup>(a)</sup> | CF Industries, Inc., 4.50%, 12/01/2026 <sup>(a)</sup> | 31150000 | 31198976 |
|  Charles River Laboratories International, Inc., 4.25%, 05/01/2028 (Callable 10/16/2025) <sup>(a)</sup> | Charles River Laboratories International, Inc., 4.25%, 05/01/2028 (Callable 10/16/2025) <sup>(a)</sup> | 9000000 | 8802469 |
|  Charter Communications Operating LLC, 4.20%, 03/15/2028 (Callable 12/15/2027) | Charter Communications Operating LLC, 4.20%, 03/15/2028 (Callable 12/15/2027) | 18375000 | 18290872 |
|  Charter Communications Operating LLC / Charter Communications Operating Capital, 2.25%, 01/15/2029 (Callable 11/15/2028) | Charter Communications Operating LLC / Charter Communications Operating Capital, 2.25%, 01/15/2029 (Callable 11/15/2028) | 1526000 | 1419242 |
|  Cheniere Energy, Inc., 4.63%, 10/15/2028 (Callable 10/11/2025) | Cheniere Energy, Inc., 4.63%, 10/15/2028 (Callable 10/11/2025) | 46750000 | 46603842 |
|  Columbia Pipelines Holding Co. LLC, 6.04%, 08/15/2028 (Callable 07/15/2028) <sup>(a)</sup> | Columbia Pipelines Holding Co. LLC, 6.04%, 08/15/2028 (Callable 07/15/2028) <sup>(a)</sup> | 34546000 | 36049112 |
|  Conagra Brands, Inc., 7.00%, 10/01/2028 | Conagra Brands, Inc., 7.00%, 10/01/2028 | 21120000 | 22594923 |
| Concentrix Corp. | Concentrix Corp. | Concentrix Corp. | Concentrix Corp. |
| &nbsp;&nbsp; 6.65%, 08/02/2026 (Callable 07/02/2026) | &nbsp;&nbsp; 6.65%, 08/02/2026 (Callable 07/02/2026) | 45900000 | 46582195 |
| &nbsp;&nbsp; 6.60%, 08/02/2028 (Callable 07/02/2028) | &nbsp;&nbsp; 6.60%, 08/02/2028 (Callable 07/02/2028) | 7500000 | 7850221 |
|  ConocoPhillips Co., 4.40%, 07/15/2027 (Callable 04/15/2027) | ConocoPhillips Co., 4.40%, 07/15/2027 (Callable 04/15/2027) | 4700000 | 4721966 |
|  CVS Health Corp., 4.30%, 03/25/2028 (Callable 12/25/2027) | CVS Health Corp., 4.30%, 03/25/2028 (Callable 12/25/2027) | 26434000 | 26451419 |
| CVS Pass-Through Trust | CVS Pass-Through Trust | CVS Pass-Through Trust | CVS Pass-Through Trust |
| &nbsp;&nbsp; 5.88%, 01/10/2028 | &nbsp;&nbsp; 5.88%, 01/10/2028 | 2495621 | 2514629 |
| &nbsp;&nbsp; 6.04%, 12/10/2028 | &nbsp;&nbsp; 6.04%, 12/10/2028 | 18865076 | 19257123 |
| &nbsp;&nbsp; 6.94%, 01/10/2030 | &nbsp;&nbsp; 6.94%, 01/10/2030 | 5453913 | 5698712 |
|  CVS Pass-Through Trust Series 2009, 8.35%, 07/10/2031 <sup>(a)</sup> | CVS Pass-Through Trust Series 2009, 8.35%, 07/10/2031 <sup>(a)</sup> | 2244073 | 2450389 |
| Daimler Truck Finance North America LLC | Daimler Truck Finance North America LLC | Daimler Truck Finance North America LLC | Daimler Truck Finance North America LLC |
| &nbsp;&nbsp; 4.30%, 08/12/2027 <sup>(a)</sup> | &nbsp;&nbsp; 4.30%, 08/12/2027 <sup>(a)</sup> | 22275000 | 22330220 |
| &nbsp;&nbsp; 5.13%, 09/25/2027 (Callable 08/25/2027) <sup>(a)</sup> | &nbsp;&nbsp; 5.13%, 09/25/2027 (Callable 08/25/2027) <sup>(a)</sup> | 20000000 | 20325082 |
|  DCP Midstream Operating LP, 5.63%, 07/15/2027 (Callable 04/15/2027) | DCP Midstream Operating LP, 5.63%, 07/15/2027 (Callable 04/15/2027) | 22291000 | 22768904 |
|  Diamondback Energy, Inc., 5.20%, 04/18/2027 (Callable 03/18/2027) | Diamondback Energy, Inc., 5.20%, 04/18/2027 (Callable 03/18/2027) | 7300000 | 7404788 |
| DXC Technology Co. | DXC Technology Co. | DXC Technology Co. | DXC Technology Co. |
| &nbsp;&nbsp; 1.80%, 09/15/2026 (Callable 08/15/2026) | &nbsp;&nbsp; 1.80%, 09/15/2026 (Callable 08/15/2026) | 51950000 | 50713789 |
| &nbsp;&nbsp; 2.38%, 09/15/2028 (Callable 07/15/2028) | &nbsp;&nbsp; 2.38%, 09/15/2028 (Callable 07/15/2028) | 5000000 | 4712477 |
|  Edwards Lifesciences Corp., 4.30%, 06/15/2028 (Callable 03/15/2028) | Edwards Lifesciences Corp., 4.30%, 06/15/2028 (Callable 03/15/2028) | 15000000 | 15052180 |
| Element Fleet Management Corp. | Element Fleet Management Corp. | Element Fleet Management Corp. | Element Fleet Management Corp. |
| &nbsp;&nbsp; 5.64%, 03/13/2027 (Callable 02/13/2027) <sup>(a)</sup> | &nbsp;&nbsp; 5.64%, 03/13/2027 (Callable 02/13/2027) <sup>(a)</sup> | 20000000 | 20377175 |
| &nbsp;&nbsp; 6.32%, 12/04/2028 (Callable 11/04/2028) <sup>(a)</sup> | &nbsp;&nbsp; 6.32%, 12/04/2028 (Callable 11/04/2028) <sup>(a)</sup> | 16000000 | 16944608 |
|  Enbridge, Inc., 4.60%, 06/20/2028 (Callable 05/20/2028) | Enbridge, Inc., 4.60%, 06/20/2028 (Callable 05/20/2028) | 4000000 | 4046982 |
| Energy Transfer LP | Energy Transfer LP | Energy Transfer LP | Energy Transfer LP |
| &nbsp;&nbsp; 6.05%, 12/01/2026 (Callable 11/01/2026) | &nbsp;&nbsp; 6.05%, 12/01/2026 (Callable 11/01/2026) | 7000000 | 7130459 |
| &nbsp;&nbsp; 4.20%, 04/15/2027 (Callable 01/15/2027) | &nbsp;&nbsp; 4.20%, 04/15/2027 (Callable 01/15/2027) | 5028000 | 5021353 |
| &nbsp;&nbsp; 5.63%, 05/01/2027 (Callable 10/16/2025) <sup>(a)</sup> | &nbsp;&nbsp; 5.63%, 05/01/2027 (Callable 10/16/2025) <sup>(a)</sup> | 14600000 | 14606493 |
| &nbsp;&nbsp; 5.50%, 06/01/2027 (Callable 03/01/2027) | &nbsp;&nbsp; 5.50%, 06/01/2027 (Callable 03/01/2027) | 14000000 | 14242761 |
| EQT Corp. | EQT Corp. | EQT Corp. | EQT Corp. |
| &nbsp;&nbsp; 7.50%, 06/01/2027 (Callable 10/11/2025) | &nbsp;&nbsp; 7.50%, 06/01/2027 (Callable 10/11/2025) | 5341000 | 5444965 |
| &nbsp;&nbsp; 5.70%, 04/01/2028 (Callable 03/01/2028) | &nbsp;&nbsp; 5.70%, 04/01/2028 (Callable 03/01/2028) | 10184000 | 10526386 |
|  Evernorth Health, Inc., 3.40%, 03/01/2027 (Callable 12/01/2026) | Evernorth Health, Inc., 3.40%, 03/01/2027 (Callable 12/01/2026) | 5500000 | 5417673 |
| Ferguson Finance PLC | Ferguson Finance PLC | Ferguson Finance PLC | Ferguson Finance PLC |
| &nbsp;&nbsp; 4.25%, 04/20/2027 (Callable 03/20/2027) <sup>(a)</sup> | &nbsp;&nbsp; 4.25%, 04/20/2027 (Callable 03/20/2027) <sup>(a)</sup> | 3100000 | 3097405 |
| &nbsp;&nbsp; 4.50%, 10/24/2028 (Callable 07/24/2028) <sup>(a)</sup> | &nbsp;&nbsp; 4.50%, 10/24/2028 (Callable 07/24/2028) <sup>(a)</sup> | 39145000 | 39345249 |
|  Flex Ltd., 6.00%, 01/15/2028 (Callable 12/15/2027) | Flex Ltd., 6.00%, 01/15/2028 (Callable 12/15/2027) | 19734000 | 20386898 |
|  FMC Corp., 3.20%, 10/01/2026 (Callable 08/01/2026) | FMC Corp., 3.20%, 10/01/2026 (Callable 08/01/2026) | 4550000 | 4499632 |
| Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC | Ford Motor Credit Co. LLC |
| &nbsp;&nbsp; 4.54%, 08/01/2026 (Callable 06/01/2026) | &nbsp;&nbsp; 4.54%, 08/01/2026 (Callable 06/01/2026) | 26417000 | 26394425 |
| &nbsp;&nbsp; 5.80%, 03/05/2027 (Callable 02/05/2027) | &nbsp;&nbsp; 5.80%, 03/05/2027 (Callable 02/05/2027) | 21000000 | 21212442 |
| &nbsp;&nbsp; 7.35%, 11/04/2027 (Callable 10/04/2027) | &nbsp;&nbsp; 7.35%, 11/04/2027 (Callable 10/04/2027) | 5000000 | 5214944 |
| &nbsp;&nbsp; 5.92%, 03/20/2028 (Callable 02/20/2028) | &nbsp;&nbsp; 5.92%, 03/20/2028 (Callable 02/20/2028) | 3550000 | 3610801 |
|  Freeport-McMoRan, Inc., 4.13%, 03/01/2028 (Callable 10/31/2025) | Freeport-McMoRan, Inc., 4.13%, 03/01/2028 (Callable 10/31/2025) | 11640000 | 11572019 |
|  Fresenius Medical Care US Finance III, Inc., 1.88%, 12/01/2026 (Callable 11/01/2026) <sup>(a)</sup> | Fresenius Medical Care US Finance III, Inc., 1.88%, 12/01/2026 (Callable 11/01/2026) <sup>(a)</sup> | 25307000 | 24513308 |
| General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. |
| &nbsp;&nbsp; 5.35%, 07/15/2027 | &nbsp;&nbsp; 5.35%, 07/15/2027 | 30000000 | 30543072 |
| &nbsp;&nbsp; 5.05%, 04/04/2028 | &nbsp;&nbsp; 5.05%, 04/04/2028 | 15000000 | 15241132 |
|  GFL Environmental, Inc., 3.50%, 09/01/2028 (Callable 03/01/2028) <sup>(a)</sup> | GFL Environmental, Inc., 3.50%, 09/01/2028 (Callable 03/01/2028) <sup>(a)</sup> | 36715000 | 35811561 |
| Glencore Funding LLC | Glencore Funding LLC | Glencore Funding LLC | Glencore Funding LLC |
| &nbsp;&nbsp; 5.34%, 04/04/2027 <sup>(a)</sup> | &nbsp;&nbsp; 5.34%, 04/04/2027 <sup>(a)</sup> | 29875000 | 30333632 |
| &nbsp;&nbsp; 3.88%, 10/27/2027 (Callable 07/27/2027) <sup>(a)</sup> | &nbsp;&nbsp; 3.88%, 10/27/2027 (Callable 07/27/2027) <sup>(a)</sup> | 12381000 | 12281312 |
| &nbsp;&nbsp; 4.91%, 04/01/2028 <sup>(a)</sup> | &nbsp;&nbsp; 4.91%, 04/01/2028 <sup>(a)</sup> | 10000000 | 10157471 |
|  Global Payments, Inc., 2.15%, 01/15/2027 (Callable 12/15/2026) | Global Payments, Inc., 2.15%, 01/15/2027 (Callable 12/15/2026) | 10000000 | 9743781 |
|  Gray Oak Pipeline LLC, 3.45%, 10/15/2027 (Callable 08/15/2027) <sup>(a)</sup> | Gray Oak Pipeline LLC, 3.45%, 10/15/2027 (Callable 08/15/2027) <sup>(a)</sup> | 17173000 | 16928437 |
|  Helmerich & Payne, Inc., 4.65%, 12/01/2027 (Callable 11/01/2027) | Helmerich & Payne, Inc., 4.65%, 12/01/2027 (Callable 11/01/2027) | 32200000 | 32337787 |
|  Hess Midstream Operations LP, 5.88%, 03/01/2028 (Callable 03/01/2026) <sup>(a)</sup> | Hess Midstream Operations LP, 5.88%, 03/01/2028 (Callable 03/01/2026) <sup>(a)</sup> | 5000000 | 5096900 |
| Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. | Hewlett Packard Enterprise Co. |
| &nbsp;&nbsp; 4.40%, 09/25/2027 (Callable 08/25/2027) | &nbsp;&nbsp; 4.40%, 09/25/2027 (Callable 08/25/2027) | 17625000 | 17703358 |
| &nbsp;&nbsp; 4.15%, 09/15/2028 (Callable 08/15/2028) | &nbsp;&nbsp; 4.15%, 09/15/2028 (Callable 08/15/2028) | 15000000 | 14983041 |
|  Hexcel Corp., 4.20%, 02/15/2027 (Callable 11/15/2026) <sup>(d)</sup> | Hexcel Corp., 4.20%, 02/15/2027 (Callable 11/15/2026) <sup>(d)</sup> | 40161000 | 39989315 |
|  Hubbell, Inc., 3.50%, 02/15/2028 (Callable 11/15/2027) | Hubbell, Inc., 3.50%, 02/15/2028 (Callable 11/15/2027) | 17421000 | 17181286 |
|  Hyatt Hotels Corp., 5.05%, 03/30/2028 (Callable 02/29/2028) | Hyatt Hotels Corp., 5.05%, 03/30/2028 (Callable 02/29/2028) | 15000000 | 15243527 |
| Hyundai Capital America | Hyundai Capital America | Hyundai Capital America | Hyundai Capital America |
| &nbsp;&nbsp; 4.85%, 03/25/2027 <sup>(a)</sup> | &nbsp;&nbsp; 4.85%, 03/25/2027 <sup>(a)</sup> | 10000000 | 10075390 |
| &nbsp;&nbsp; 5.28%, 06/24/2027 <sup>(a)</sup> | &nbsp;&nbsp; 5.28%, 06/24/2027 <sup>(a)</sup> | 5000000 | 5077103 |
| &nbsp;&nbsp; 4.90%, 06/23/2028 <sup>(a)</sup> | &nbsp;&nbsp; 4.90%, 06/23/2028 <sup>(a)</sup> | 20000000 | 20283322 |
| &nbsp;&nbsp; 4.25%, 09/18/2028 <sup>(a)</sup> | &nbsp;&nbsp; 4.25%, 09/18/2028 <sup>(a)</sup> | 15000000 | 14965609 |
|  Icon Investments Six DAC, 5.81%, 05/08/2027 (Callable 04/08/2027) | Icon Investments Six DAC, 5.81%, 05/08/2027 (Callable 04/08/2027) | 20000000 | 20405328 |
|  Illumina, Inc., 4.65%, 09/09/2026 | Illumina, Inc., 4.65%, 09/09/2026 | 15375000 | 15445422 |
|  International Flavors & Fragrances, Inc., 1.83%, 10/15/2027 (Callable 08/15/2027) <sup>(a)</sup> | International Flavors & Fragrances, Inc., 1.83%, 10/15/2027 (Callable 08/15/2027) <sup>(a)</sup> | 34255000 | 32589504 |
|  IQVIA, Inc., 5.70%, 05/15/2028 (Callable 04/15/2028) | IQVIA, Inc., 5.70%, 05/15/2028 (Callable 04/15/2028) | 32000000 | 33014400 |
|  Jabil, Inc., 4.25%, 05/15/2027 (Callable 04/15/2027) | Jabil, Inc., 4.25%, 05/15/2027 (Callable 04/15/2027) | 8345000 | 8345681 |
|  Jacobs Engineering Group, Inc., 6.35%, 08/18/2028 (Callable 07/18/2028) | Jacobs Engineering Group, Inc., 6.35%, 08/18/2028 (Callable 07/18/2028) | 11762000 | 12420086 |
|  Keurig Dr Pepper, Inc., 5.05%, 03/15/2029 (Callable 02/15/2029) | Keurig Dr Pepper, Inc., 5.05%, 03/15/2029 (Callable 02/15/2029) | 4758000 | 4843281 |
|  Kyndryl Holdings, Inc., 2.05%, 10/15/2026 (Callable 09/15/2026) | Kyndryl Holdings, Inc., 2.05%, 10/15/2026 (Callable 09/15/2026) | 55000000 | 53718560 |
| LG Energy Solution Ltd. | LG Energy Solution Ltd. | LG Energy Solution Ltd. | LG Energy Solution Ltd. |
| &nbsp;&nbsp; 5.38%, 07/02/2027 <sup>(a)</sup> | &nbsp;&nbsp; 5.38%, 07/02/2027 <sup>(a)</sup> | 30000000 | 30450813 |
| &nbsp;&nbsp; 5.25%, 04/02/2028 <sup>(a)</sup> | &nbsp;&nbsp; 5.25%, 04/02/2028 <sup>(a)</sup> | 15000000 | 15279936 |
|  LKQ Corp., 5.75%, 06/15/2028 (Callable 05/15/2028) | LKQ Corp., 5.75%, 06/15/2028 (Callable 05/15/2028) | 54425000 | 56253730 |
|  Louisiana-Pacific Corp., 3.63%, 03/15/2029 (Callable 10/31/2025) <sup>(a)</sup> | Louisiana-Pacific Corp., 3.63%, 03/15/2029 (Callable 10/31/2025) <sup>(a)</sup> | 13187000 | 12624455 |
|  LYB Finance Co. BV, 8.10%, 03/15/2027 <sup>(a)</sup> | LYB Finance Co. BV, 8.10%, 03/15/2027 <sup>(a)</sup> | 4747000 | 4974268 |
|  Mars, Inc., 4.60%, 03/01/2028 (Callable 02/01/2028) <sup>(a)</sup> | Mars, Inc., 4.60%, 03/01/2028 (Callable 02/01/2028) <sup>(a)</sup> | 34850000 | 35276182 |
|  MasTec, Inc., 4.50%, 08/15/2028 (Callable 10/31/2025) <sup>(a)</sup> | MasTec, Inc., 4.50%, 08/15/2028 (Callable 10/31/2025) <sup>(a)</sup> | 16311000 | 16267232 |
|  Metropolitan Detroit Area Hospital Services, Inc., 4.48%, 12/01/2029 <sup>(a)</sup> | Metropolitan Detroit Area Hospital Services, Inc., 4.48%, 12/01/2029 <sup>(a)</sup> | 4260000 | 4199619 |
|  Microchip Technology, Inc., 4.90%, 03/15/2028 | Microchip Technology, Inc., 4.90%, 03/15/2028 | 29796000 | 30233287 |
|  Molex Electronic Technologies LLC, 4.75%, 04/30/2028 (Callable 03/30/2028) <sup>(a)</sup> | Molex Electronic Technologies LLC, 4.75%, 04/30/2028 (Callable 03/30/2028) <sup>(a)</sup> | 32740000 | 33060699 |
|  Mylan, Inc., 4.55%, 04/15/2028 (Callable 01/15/2028) | Mylan, Inc., 4.55%, 04/15/2028 (Callable 01/15/2028) | 4200000 | 4183621 |
|  National Fuel Gas Co., 5.50%, 10/01/2026 | National Fuel Gas Co., 5.50%, 10/01/2026 | 18750000 | 18948082 |
|  NGPL PipeCo LLC, 4.88%, 08/15/2027 (Callable 02/15/2027) <sup>(a)</sup> | NGPL PipeCo LLC, 4.88%, 08/15/2027 (Callable 02/15/2027) <sup>(a)</sup> | 6460000 | 6475729 |
| Nissan Motor Acceptance Co. LLC | Nissan Motor Acceptance Co. LLC | Nissan Motor Acceptance Co. LLC | Nissan Motor Acceptance Co. LLC |
| &nbsp;&nbsp; 6.95%, 09/15/2026 <sup>(a)</sup> | &nbsp;&nbsp; 6.95%, 09/15/2026 <sup>(a)</sup> | 5000000 | 5064812 |
| &nbsp;&nbsp; 5.30%, 09/13/2027 <sup>(a)</sup> | &nbsp;&nbsp; 5.30%, 09/13/2027 <sup>(a)</sup> | 27225000 | 27192738 |
|  NTT Finance Corp., 4.62%, 07/16/2028 <sup>(a)</sup> | NTT Finance Corp., 4.62%, 07/16/2028 <sup>(a)</sup> | 17950000 | 18127492 |
|  nVent Finance Sarl, 4.55%, 04/15/2028 (Callable 01/15/2028) | nVent Finance Sarl, 4.55%, 04/15/2028 (Callable 01/15/2028) | 11092000 | 11132354 |
|  NXP BV / NXP Funding LLC / NXP USA, Inc., 4.30%, 08/19/2028 (Callable 07/19/2028) | NXP BV / NXP Funding LLC / NXP USA, Inc., 4.30%, 08/19/2028 (Callable 07/19/2028) | 5000000 | 5007149 |
| Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. | Occidental Petroleum Corp. |
| &nbsp;&nbsp; 3.00%, 02/15/2027 (Callable 11/15/2026) | &nbsp;&nbsp; 3.00%, 02/15/2027 (Callable 11/15/2026) | 5920000 | 5790994 |
| &nbsp;&nbsp; 8.50%, 07/15/2027 (Callable 01/15/2027) | &nbsp;&nbsp; 8.50%, 07/15/2027 (Callable 01/15/2027) | 25440000 | 26679310 |
| &nbsp;&nbsp; 5.00%, 08/01/2027 (Callable 07/01/2027) | &nbsp;&nbsp; 5.00%, 08/01/2027 (Callable 07/01/2027) | 7000000 | 7073290 |
|  Owens Corning, 5.50%, 06/15/2027 (Callable 05/15/2027) | Owens Corning, 5.50%, 06/15/2027 (Callable 05/15/2027) | 15000000 | 15323891 |
| Penske Truck Leasing Co. Lp / PTL Finance Corp. | Penske Truck Leasing Co. Lp / PTL Finance Corp. | Penske Truck Leasing Co. Lp / PTL Finance Corp. | Penske Truck Leasing Co. Lp / PTL Finance Corp. |
| &nbsp;&nbsp; 5.35%, 01/12/2027 (Callable 12/12/2026) <sup>(a)</sup> | &nbsp;&nbsp; 5.35%, 01/12/2027 (Callable 12/12/2026) <sup>(a)</sup> | 12000000 | 12145305 |
| &nbsp;&nbsp; 4.20%, 04/01/2027 (Callable 01/01/2027) <sup>(a)</sup> | &nbsp;&nbsp; 4.20%, 04/01/2027 (Callable 01/01/2027) <sup>(a)</sup> | 1825000 | 1822318 |
|  POSCO, 4.50%, 08/04/2027 <sup>(a)</sup> | POSCO, 4.50%, 08/04/2027 <sup>(a)</sup> | 9000000 | 9032786 |
|  PRA Health Sciences, Inc., 2.88%, 07/15/2026 (Callable 10/31/2025) <sup>(a)</sup> | PRA Health Sciences, Inc., 2.88%, 07/15/2026 (Callable 10/31/2025) <sup>(a)</sup> | 18956000 | 18694476 |
|  Premier Health Partners, 2.91%, 11/15/2026 (Callable 05/15/2026) | Premier Health Partners, 2.91%, 11/15/2026 (Callable 05/15/2026) | 1954000 | 1925213 |
|  Quanta Services, Inc., 4.75%, 08/09/2027 (Callable 07/09/2027) | Quanta Services, Inc., 4.75%, 08/09/2027 (Callable 07/09/2027) | 30400000 | 30747047 |
|  Reckitt Benckiser Treasury Services PLC, 3.00%, 06/26/2027 (Callable 03/26/2027) <sup>(a)</sup> | Reckitt Benckiser Treasury Services PLC, 3.00%, 06/26/2027 (Callable 03/26/2027) <sup>(a)</sup> | 38750000 | 38074670 |
| Regal Rexnord Corp. | Regal Rexnord Corp. | Regal Rexnord Corp. | Regal Rexnord Corp. |
| &nbsp;&nbsp; 6.05%, 02/15/2026 | &nbsp;&nbsp; 6.05%, 02/15/2026 | 30375000 | 30522032 |
| &nbsp;&nbsp; 6.05%, 04/15/2028 (Callable 03/15/2028) | &nbsp;&nbsp; 6.05%, 04/15/2028 (Callable 03/15/2028) | 25450000 | 26326298 |
|  Renesas Electronics Corp., 2.17%, 11/25/2026 (Callable 10/25/2026) <sup>(a)</sup> | Renesas Electronics Corp., 2.17%, 11/25/2026 (Callable 10/25/2026) <sup>(a)</sup> | 5919000 | 5768031 |
|  Repsol E&P Capital Markets US LLC, 4.81%, 09/16/2028 (Callable 08/16/2028) <sup>(a)</sup> | Repsol E&P Capital Markets US LLC, 4.81%, 09/16/2028 (Callable 08/16/2028) <sup>(a)</sup> | 8725000 | 8762768 |
|  Rolls-Royce PLC, 5.75%, 10/15/2027 (Callable 07/15/2027) <sup>(a)</sup> | Rolls-Royce PLC, 5.75%, 10/15/2027 (Callable 07/15/2027) <sup>(a)</sup> | 28020000 | 28783471 |
|  Royal Caribbean Cruises Ltd., 5.50%, 04/01/2028 (Callable 10/01/2027) <sup>(a)</sup> | Royal Caribbean Cruises Ltd., 5.50%, 04/01/2028 (Callable 10/01/2027) <sup>(a)</sup> | 23000000 | 23447641 |
|  Ryder System, Inc., 5.30%, 03/15/2027 (Callable 02/15/2027) | Ryder System, Inc., 5.30%, 03/15/2027 (Callable 02/15/2027) | 12350000 | 12541289 |
|  Sabal Trail Transmission LLC, 4.25%, 05/01/2028 (Callable 02/01/2028) <sup>(a)</sup> | Sabal Trail Transmission LLC, 4.25%, 05/01/2028 (Callable 02/01/2028) <sup>(a)</sup> | 9041000 | 8987370 |
|  Schlumberger Holdings Corp., 5.00%, 05/29/2027 (Callable 04/29/2027) <sup>(a)</sup> | Schlumberger Holdings Corp., 5.00%, 05/29/2027 (Callable 04/29/2027) <sup>(a)</sup> | 27775000 | 28170523 |
|  Sealed Air Corp., 1.57%, 10/15/2026 (Callable 09/15/2026) <sup>(a)</sup> | Sealed Air Corp., 1.57%, 10/15/2026 (Callable 09/15/2026) <sup>(a)</sup> | 23240000 | 22519367 |
|  Silgan Holdings, Inc., 1.40%, 04/01/2026 (Callable 03/01/2026) <sup>(a)</sup> | Silgan Holdings, Inc., 1.40%, 04/01/2026 (Callable 03/01/2026) <sup>(a)</sup> | 7000000 | 6889986 |
| SK Hynix, Inc. | SK Hynix, Inc. | SK Hynix, Inc. | SK Hynix, Inc. |
| &nbsp;&nbsp; 5.50%, 01/16/2027 <sup>(a)</sup> | &nbsp;&nbsp; 5.50%, 01/16/2027 <sup>(a)</sup> | 15000000 | 15229215 |
| &nbsp;&nbsp; 6.38%, 01/17/2028 <sup>(a)</sup> | &nbsp;&nbsp; 6.38%, 01/17/2028 <sup>(a)</sup> | 16288000 | 17019325 |
| &nbsp;&nbsp; 4.25%, 09/11/2028 <sup>(a)</sup> | &nbsp;&nbsp; 4.25%, 09/11/2028 <sup>(a)</sup> | 22775000 | 22764646 |
|  Smith & Nephew PLC, 5.15%, 03/20/2027 (Callable 02/20/2027) | Smith & Nephew PLC, 5.15%, 03/20/2027 (Callable 02/20/2027) | 10000000 | 10134887 |
|  Solventum Corp., 5.45%, 02/25/2027 (Callable 01/25/2027) | Solventum Corp., 5.45%, 02/25/2027 (Callable 01/25/2027) | 8588000 | 8727355 |
|  Sonoco Products Co., 2.25%, 02/01/2027 (Callable 01/01/2027) | Sonoco Products Co., 2.25%, 02/01/2027 (Callable 01/01/2027) | 4211000 | 4101691 |
|  South Bow USA Infrastructure Holdings LLC, 4.91%, 09/01/2027 (Callable 08/01/2027) | South Bow USA Infrastructure Holdings LLC, 4.91%, 09/01/2027 (Callable 08/01/2027) | 37280000 | 37599138 |
|  Sprint Capital Corp., 6.88%, 11/15/2028 | Sprint Capital Corp., 6.88%, 11/15/2028 | 3647000 | 3922889 |
| Stellantis Finance US, Inc. | Stellantis Finance US, Inc. | Stellantis Finance US, Inc. | Stellantis Finance US, Inc. |
| &nbsp;&nbsp; 1.71%, 01/29/2027 (Callable 12/29/2026) <sup>(a)</sup> | &nbsp;&nbsp; 1.71%, 01/29/2027 (Callable 12/29/2026) <sup>(a)</sup> | 21379000 | 20593471 |
| &nbsp;&nbsp; 5.35%, 03/17/2028 (Callable 02/17/2028) <sup>(a)</sup> | &nbsp;&nbsp; 5.35%, 03/17/2028 (Callable 02/17/2028) <sup>(a)</sup> | 10000000 | 10126342 |
|  Stellantis Financial Services US Corp., 4.95%, 09/15/2028 (Callable 08/15/2028) <sup>(a)</sup> | Stellantis Financial Services US Corp., 4.95%, 09/15/2028 (Callable 08/15/2028) <sup>(a)</sup> | 14750000 | 14746110 |
|  Synopsys, Inc., 4.65%, 04/01/2028 (Callable 03/01/2028) | Synopsys, Inc., 4.65%, 04/01/2028 (Callable 03/01/2028) | 13000000 | 13145501 |
|  TD SYNNEX Corp., 1.75%, 08/09/2026 (Callable 07/09/2026) | TD SYNNEX Corp., 1.75%, 08/09/2026 (Callable 07/09/2026) | 25385000 | 24818468 |
|  Texas Gas Transmission LLC, 7.25%, 07/15/2027 | Texas Gas Transmission LLC, 7.25%, 07/15/2027 | 5100000 | 5318067 |
|  Triton Container International Ltd., 2.05%, 04/15/2026 (Callable 03/15/2026) <sup>(a)</sup> | Triton Container International Ltd., 2.05%, 04/15/2026 (Callable 03/15/2026) <sup>(a)</sup> | 20788000 | 20526445 |
|  United Rentals North America, Inc., 3.88%, 11/15/2027 (Callable 10/11/2025) | United Rentals North America, Inc., 3.88%, 11/15/2027 (Callable 10/11/2025) | 24150000 | 23729044 |
|  Universal Health Services, Inc., 1.65%, 09/01/2026 (Callable 08/01/2026) | Universal Health Services, Inc., 1.65%, 09/01/2026 (Callable 08/01/2026) | 6698000 | 6539603 |
|  Utah Acquisition Sub, Inc., 3.95%, 06/15/2026 (Callable 03/15/2026) | Utah Acquisition Sub, Inc., 3.95%, 06/15/2026 (Callable 03/15/2026) | 27613000 | 27488278 |
| Var Energi ASA | Var Energi ASA | Var Energi ASA | Var Energi ASA |
| &nbsp;&nbsp; 5.00%, 05/18/2027 (Callable 04/18/2027) <sup>(a)</sup> | &nbsp;&nbsp; 5.00%, 05/18/2027 (Callable 04/18/2027) <sup>(a)</sup> | 6575000 | 6631519 |
| &nbsp;&nbsp; 7.50%, 01/15/2028 (Callable 12/15/2027) <sup>(a)</sup> | &nbsp;&nbsp; 7.50%, 01/15/2028 (Callable 12/15/2027) <sup>(a)</sup> | 12395000 | 13136300 |
|  VICI Properties LP, 4.75%, 02/15/2028 (Callable 01/15/2028) | VICI Properties LP, 4.75%, 02/15/2028 (Callable 01/15/2028) | 16819000 | 16960408 |
| VICI Properties LP / VICI Note Co., Inc. | VICI Properties LP / VICI Note Co., Inc. | VICI Properties LP / VICI Note Co., Inc. | VICI Properties LP / VICI Note Co., Inc. |
| &nbsp;&nbsp; 5.75%, 02/01/2027 (Callable 11/01/2026) <sup>(a)</sup> | &nbsp;&nbsp; 5.75%, 02/01/2027 (Callable 11/01/2026) <sup>(a)</sup> | 25144000 | 25457804 |
| &nbsp;&nbsp; 4.50%, 01/15/2028 (Callable 10/15/2027) <sup>(a)</sup> | &nbsp;&nbsp; 4.50%, 01/15/2028 (Callable 10/15/2027) <sup>(a)</sup> | 14575000 | 14544987 |
|  Videotron Ltd., 5.13%, 04/15/2027 (Callable 10/31/2025) <sup>(a)</sup> | Videotron Ltd., 5.13%, 04/15/2027 (Callable 10/31/2025) <sup>(a)</sup> | 24026000 | 24027983 |
| Volkswagen Group of America Finance LLC | Volkswagen Group of America Finance LLC | Volkswagen Group of America Finance LLC | Volkswagen Group of America Finance LLC |
| &nbsp;&nbsp; 5.70%, 09/12/2026 <sup>(a)</sup> | &nbsp;&nbsp; 5.70%, 09/12/2026 <sup>(a)</sup> | 35000000 | 35454218 |
| &nbsp;&nbsp; 4.85%, 08/15/2027 <sup>(a)</sup> | &nbsp;&nbsp; 4.85%, 08/15/2027 <sup>(a)</sup> | 12000000 | 12107241 |
| &nbsp;&nbsp; 5.05%, 03/27/2028 (Callable 02/27/2028) <sup>(a)</sup> | &nbsp;&nbsp; 5.05%, 03/27/2028 (Callable 02/27/2028) <sup>(a)</sup> | 8775000 | 8889640 |
|  Vontier Corp., 2.40%, 04/01/2028 (Callable 02/01/2028) | Vontier Corp., 2.40%, 04/01/2028 (Callable 02/01/2028) | 6631000 | 6307781 |
|  Warnermedia Holdings, Inc., 3.76%, 03/15/2027 (Callable 02/15/2027) | Warnermedia Holdings, Inc., 3.76%, 03/15/2027 (Callable 02/15/2027) | 14911000 | 14705974 |
|  Western Digital Corp., 4.75%, 02/15/2026 (Callable 11/15/2025) | Western Digital Corp., 4.75%, 02/15/2026 (Callable 11/15/2025) | 11176000 | 11169477 |
|  Westinghouse Air Brake Technologies Corp., 4.70%, 09/15/2028 (Callable 06/15/2028) <sup>(d)</sup> | Westinghouse Air Brake Technologies Corp., 4.70%, 09/15/2028 (Callable 06/15/2028) <sup>(d)</sup> | 53035000 | 53774156 |
|  Woodside Finance Ltd., 4.90%, 05/19/2028 (Callable 04/19/2028) | Woodside Finance Ltd., 4.90%, 05/19/2028 (Callable 04/19/2028) | 38515000 | 38993771 |
|  XPO, Inc., 6.25%, 06/01/2028 (Callable 10/11/2025) <sup>(a)</sup> | XPO, Inc., 6.25%, 06/01/2028 (Callable 10/11/2025) <sup>(a)</sup> | 6490000 | 6613202 |
|  Yara International ASA, 4.75%, 06/01/2028 (Callable 03/01/2028) <sup>(a)</sup> | Yara International ASA, 4.75%, 06/01/2028 (Callable 03/01/2028) <sup>(a)</sup> | 4848000 | 4888203 |
|  |  |  | 3004771912 |
| **Utilities - 2.8%** | **Utilities - 2.8%** | **Utilities - 2.8%** | **Utilities - 2.8%** |
| Alliant Energy Finance LLC | Alliant Energy Finance LLC | Alliant Energy Finance LLC | Alliant Energy Finance LLC |
| &nbsp;&nbsp; 5.40%, 06/06/2027 (Callable 05/06/2027) <sup>(a)</sup> | &nbsp;&nbsp; 5.40%, 06/06/2027 (Callable 05/06/2027) <sup>(a)</sup> | 25000000 | 25308388 |
| &nbsp;&nbsp; 5.95%, 03/30/2029 (Callable 02/28/2029) <sup>(a)</sup> | &nbsp;&nbsp; 5.95%, 03/30/2029 (Callable 02/28/2029) <sup>(a)</sup> | 6450000 | 6749095 |
|  Ausgrid Finance Pty Ltd., 4.35%, 08/01/2028 (Callable 05/01/2028) <sup>(a)</sup> | Ausgrid Finance Pty Ltd., 4.35%, 08/01/2028 (Callable 05/01/2028) <sup>(a)</sup> | 21876000 | 21976658 |
|  Brooklyn Union Gas Co., 4.63%, 08/05/2027 (Callable 07/05/2027) <sup>(a)</sup> | Brooklyn Union Gas Co., 4.63%, 08/05/2027 (Callable 07/05/2027) <sup>(a)</sup> | 1000000 | 1007118 |
|  Capital Power US Holdings, Inc., 5.26%, 06/01/2028 (Callable 05/01/2028) <sup>(a)</sup> | Capital Power US Holdings, Inc., 5.26%, 06/01/2028 (Callable 05/01/2028) <sup>(a)</sup> | 8650000 | 8814358 |
|  Cleveland Electric Illuminating Co., 3.50%, 04/01/2028 (Callable 01/01/2028) <sup>(a)</sup> | Cleveland Electric Illuminating Co., 3.50%, 04/01/2028 (Callable 01/01/2028) <sup>(a)</sup> | 14932000 | 14664906 |
|  Constellation Energy Generation LLC, 5.60%, 03/01/2028 (Callable 02/01/2028) | Constellation Energy Generation LLC, 5.60%, 03/01/2028 (Callable 02/01/2028) | 17324000 | 17903714 |
| DTE Energy Co. | DTE Energy Co. | DTE Energy Co. | DTE Energy Co. |
| &nbsp;&nbsp; 4.95%, 07/01/2027 (Callable 06/01/2027) | &nbsp;&nbsp; 4.95%, 07/01/2027 (Callable 06/01/2027) | 23175000 | 23469932 |
| &nbsp;&nbsp; 4.88%, 06/01/2028 (Callable 05/01/2028) | &nbsp;&nbsp; 4.88%, 06/01/2028 (Callable 05/01/2028) | 10367000 | 10546638 |
|  Duquesne Light Holdings, Inc., 3.62%, 08/01/2027 (Callable 05/01/2027) <sup>(a)</sup> | Duquesne Light Holdings, Inc., 3.62%, 08/01/2027 (Callable 05/01/2027) <sup>(a)</sup> | 10100000 | 9893146 |
| Enel Finance International NV | Enel Finance International NV | Enel Finance International NV | Enel Finance International NV |
| &nbsp;&nbsp; 3.50%, 04/06/2028 <sup>(a)</sup> | &nbsp;&nbsp; 3.50%, 04/06/2028 <sup>(a)</sup> | 24042000 | 23603734 |
| &nbsp;&nbsp; 4.13%, 09/30/2028 <sup>(a)</sup> | &nbsp;&nbsp; 4.13%, 09/30/2028 <sup>(a)</sup> | 20000000 | 19943599 |
|  Essential Utilities, Inc., 4.80%, 08/15/2027 (Callable 07/15/2027) | Essential Utilities, Inc., 4.80%, 08/15/2027 (Callable 07/15/2027) | 25400000 | 25686325 |
|  Evergy Kansas Central, Inc., 4.70%, 03/13/2028 | Evergy Kansas Central, Inc., 4.70%, 03/13/2028 | 9850000 | 9970306 |
|  Fells Point Funding Trust, 3.05%, 01/31/2027 (Callable 12/31/2026) <sup>(a)</sup> | Fells Point Funding Trust, 3.05%, 01/31/2027 (Callable 12/31/2026) <sup>(a)</sup> | 35209000 | 34638555 |
|  KeySpan Gas East Corp., 2.74%, 08/15/2026 (Callable 05/15/2026) <sup>(a)</sup> | KeySpan Gas East Corp., 2.74%, 08/15/2026 (Callable 05/15/2026) <sup>(a)</sup> | 21525000 | 21245519 |
|  NextEra Energy Capital Holdings, Inc., 4.69%, 09/01/2027 | NextEra Energy Capital Holdings, Inc., 4.69%, 09/01/2027 | 17950000 | 18145198 |
|  Pennsylvania-American Water Co., 7.80%, 09/01/2026 <sup>(a)</sup> | Pennsylvania-American Water Co., 7.80%, 09/01/2026 <sup>(a)</sup> | 8000000 | 8170388 |
|  Pinnacle West Capital Corp., 4.90%, 05/15/2028 (Callable 04/15/2028) | Pinnacle West Capital Corp., 4.90%, 05/15/2028 (Callable 04/15/2028) | 12000000 | 12190839 |
|  |  |  | 313928416 |
| **TOTAL CORPORATE BONDS** (Cost $5,750,467,423) | **TOTAL CORPORATE BONDS** (Cost $5,750,467,423) | **TOTAL CORPORATE BONDS** (Cost $5,750,467,423) | 5831244215 |
| **U.S. TREASURY SECURITIES - 35.3%** | **U.S. TREASURY SECURITIES - 35.3%** | **Par** | **Value**  |
| United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond |
| &nbsp;&nbsp; 4.25%, 03/15/2027 | &nbsp;&nbsp; 4.25%, 03/15/2027 | 239750000 | 241697969 |
| &nbsp;&nbsp; 4.63%, 06/15/2027 | &nbsp;&nbsp; 4.63%, 06/15/2027 | 340900000 | 346319778 |
| &nbsp;&nbsp; 3.13%, 08/31/2027 | &nbsp;&nbsp; 3.13%, 08/31/2027 | 1013625000 | 1004241052 |
| &nbsp;&nbsp; 3.88%, 11/30/2027 | &nbsp;&nbsp; 3.88%, 11/30/2027 | 564550000 | 567527121 |
| &nbsp;&nbsp; 4.00%, 12/15/2027 | &nbsp;&nbsp; 4.00%, 12/15/2027 | 156975000 | 158262685 |
| &nbsp;&nbsp; 4.25%, 01/15/2028 | &nbsp;&nbsp; 4.25%, 01/15/2028 | 749125000 | 759337679 |
| &nbsp;&nbsp; 3.75%, 04/15/2028 | &nbsp;&nbsp; 3.75%, 04/15/2028 | 606025000 | 607871485 |
| &nbsp;&nbsp; 3.63%, 08/15/2028 | &nbsp;&nbsp; 3.63%, 08/15/2028 | 345925000 | 345925000 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $4,015,810,970) | **TOTAL U.S. TREASURY SECURITIES** (Cost $4,015,810,970) | **TOTAL U.S. TREASURY SECURITIES** (Cost $4,015,810,970) | 4031182769 |
| **NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES - 4.1%** | **NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES - 4.1%** | **Par** | **Value**  |
| BBCMS Trust | BBCMS Trust | BBCMS Trust | BBCMS Trust |
| &nbsp;&nbsp; Series 2017-C1, Class A4, 3.67%, 02/15/2050 (Callable 02/15/2027) | &nbsp;&nbsp; Series 2017-C1, Class A4, 3.67%, 02/15/2050 (Callable 02/15/2027) | 6699000 | 6607918 |
| &nbsp;&nbsp; Series 2021-C9, Class ASB, 1.96%, 02/15/2054 (Callable 02/15/2031) | &nbsp;&nbsp; Series 2021-C9, Class ASB, 1.96%, 02/15/2054 (Callable 02/15/2031) | 13500000 | 12858119 |
|  Benchmark Mortgage Trust, Series 2018-B1, Class A5, 3.67%, 01/15/2051 (Callable 01/15/2028) <sup>(e)</sup> | Benchmark Mortgage Trust, Series 2018-B1, Class A5, 3.67%, 01/15/2051 (Callable 01/15/2028) <sup>(e)</sup> | 3975000 | 3915412 |
| CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust | CFCRE Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2016-C7, Class A3, 3.84%, 12/10/2054 (Callable 12/10/2026) | &nbsp;&nbsp; Series 2016-C7, Class A3, 3.84%, 12/10/2054 (Callable 12/10/2026) | 2750000 | 2720271 |
| &nbsp;&nbsp; Series 2017-C8, Class A4, 3.57%, 06/15/2050 (Callable 05/15/2027) | &nbsp;&nbsp; Series 2017-C8, Class A4, 3.57%, 06/15/2050 (Callable 05/15/2027) | 40867000 | 40308728 |
| Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust | Citigroup Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2015-GC31, Class A4, 3.76%, 06/10/2048 (Callable 10/10/2025) | &nbsp;&nbsp; Series 2015-GC31, Class A4, 3.76%, 06/10/2048 (Callable 10/10/2025) | 6927490 | 6802506 |
| &nbsp;&nbsp; Series 2016-C3, Class A4, 3.15%, 11/15/2049 (Callable 11/15/2026) | &nbsp;&nbsp; Series 2016-C3, Class A4, 3.15%, 11/15/2049 (Callable 11/15/2026) | 16564000 | 16313913 |
| &nbsp;&nbsp; Series 2016-C3, Class AAB, 2.98%, 11/15/2049 (Callable 11/15/2026) | &nbsp;&nbsp; Series 2016-C3, Class AAB, 2.98%, 11/15/2049 (Callable 11/15/2026) | 157230 | 156643 |
| &nbsp;&nbsp; Series 2016-P6, Class A5, 3.72%, 12/10/2049 (Callable 01/10/2027) <sup>(e)</sup> | &nbsp;&nbsp; Series 2016-P6, Class A5, 3.72%, 12/10/2049 (Callable 01/10/2027) <sup>(e)</sup> | 6467000 | 6320532 |
| &nbsp;&nbsp; Series 2017-P7, Class A3, 3.44%, 04/14/2050 (Callable 04/14/2027) | &nbsp;&nbsp; Series 2017-P7, Class A3, 3.44%, 04/14/2050 (Callable 04/14/2027) | 8852062 | 8761719 |
| &nbsp;&nbsp; Series 2017-P8, Class A4, 3.47%, 09/15/2050 (Callable 09/15/2027) | &nbsp;&nbsp; Series 2017-P8, Class A4, 3.47%, 09/15/2050 (Callable 09/15/2027) | 39700000 | 38670420 |
|  Commercial Mortgage Pass Through Certificates, Series 2017-COR2, Class A3, 3.51%, 09/10/2050 (Callable 09/10/2027) | Commercial Mortgage Pass Through Certificates, Series 2017-COR2, Class A3, 3.51%, 09/10/2050 (Callable 09/10/2027) | 16289000 | 15960474 |
| Computershare Corporate Trust | Computershare Corporate Trust | Computershare Corporate Trust | Computershare Corporate Trust |
| &nbsp;&nbsp; Series 2016-BNK1, Class A3, 2.65%, 08/15/2049 (Callable 08/15/2026) | &nbsp;&nbsp; Series 2016-BNK1, Class A3, 2.65%, 08/15/2049 (Callable 08/15/2026) | 14925000 | 14686376 |
| &nbsp;&nbsp; Series 2016-C34, Class A4, 3.10%, 06/15/2049 (Callable 05/15/2026) | &nbsp;&nbsp; Series 2016-C34, Class A4, 3.10%, 06/15/2049 (Callable 05/15/2026) | 5260000 | 5200737 |
| &nbsp;&nbsp; Series 2017-C38, Class A5, 3.45%, 07/15/2050 (Callable 06/15/2027) | &nbsp;&nbsp; Series 2017-C38, Class A5, 3.45%, 07/15/2050 (Callable 06/15/2027) | 38228000 | 37630252 |
| &nbsp;&nbsp; Series 2017-C39, Class A5, 3.42%, 09/15/2050 (Callable 08/15/2027) | &nbsp;&nbsp; Series 2017-C39, Class A5, 3.42%, 09/15/2050 (Callable 08/15/2027) | 2056000 | 2010838 |
| &nbsp;&nbsp; Series 2017-C40, Class A4, 3.58%, 10/15/2050 (Callable 10/15/2027) | &nbsp;&nbsp; Series 2017-C40, Class A4, 3.58%, 10/15/2050 (Callable 10/15/2027) | 6600000 | 6508892 |
| &nbsp;&nbsp; Series 2017-C41, Class A4, 3.47%, 11/15/2050 (Callable 11/15/2027) | &nbsp;&nbsp; Series 2017-C41, Class A4, 3.47%, 11/15/2050 (Callable 11/15/2027) | 2000000 | 1964703 |
| CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust | CSAIL Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2016-C5, Class A5, 3.76%, 11/15/2048 (Callable 11/15/2025) | &nbsp;&nbsp; Series 2016-C5, Class A5, 3.76%, 11/15/2048 (Callable 11/15/2025) | 1254156 | 1249847 |
| &nbsp;&nbsp; Series 2017-CX9, Class A5, 3.45%, 09/15/2050 (Callable 09/15/2027) | &nbsp;&nbsp; Series 2017-CX9, Class A5, 3.45%, 09/15/2050 (Callable 09/15/2027) | 1700000 | 1652652 |
| &nbsp;&nbsp; Series 2018-CX12, Class A4, 4.22%, 08/15/2051 (Callable 08/15/2028) <sup>(e)</sup> | &nbsp;&nbsp; Series 2018-CX12, Class A4, 4.22%, 08/15/2051 (Callable 08/15/2028) <sup>(e)</sup> | 1000000 | 994718 |
| GS Mortgage Securities Corp. II | GS Mortgage Securities Corp. II | GS Mortgage Securities Corp. II | GS Mortgage Securities Corp. II |
| &nbsp;&nbsp; Series 2014-GC22, Class A5, 3.86%, 06/10/2047 (Callable 04/10/2028) | &nbsp;&nbsp; Series 2014-GC22, Class A5, 3.86%, 06/10/2047 (Callable 04/10/2028) | 3431151 | 3320245 |
| &nbsp;&nbsp; Series 2016-GS2, Class A4, 3.05%, 05/10/2049 (Callable 05/10/2026) | &nbsp;&nbsp; Series 2016-GS2, Class A4, 3.05%, 05/10/2049 (Callable 05/10/2026) | 5008000 | 4973697 |
| &nbsp;&nbsp; Series 2016-GS3, Class A4, 2.85%, 10/10/2049 (Callable 10/10/2026) | &nbsp;&nbsp; Series 2016-GS3, Class A4, 2.85%, 10/10/2049 (Callable 10/10/2026) | 3309000 | 3268656 |
| &nbsp;&nbsp; Series 2017-GS5, Class A4, 3.67%, 03/10/2050 (Callable 03/10/2027) | &nbsp;&nbsp; Series 2017-GS5, Class A4, 3.67%, 03/10/2050 (Callable 03/10/2027) | 24225000 | 23929128 |
| &nbsp;&nbsp; Series 2017-GS6, Class A3, 3.43%, 05/10/2050 (Callable 05/10/2027) | &nbsp;&nbsp; Series 2017-GS6, Class A3, 3.43%, 05/10/2050 (Callable 05/10/2027) | 8042760 | 7921283 |
| JP Morgan Chase Commercial Mortgage Securities | JP Morgan Chase Commercial Mortgage Securities | JP Morgan Chase Commercial Mortgage Securities | JP Morgan Chase Commercial Mortgage Securities |
| &nbsp;&nbsp; Series 2016-JP2, Class A4, 2.82%, 08/15/2049 (Callable 07/15/2026) | &nbsp;&nbsp; Series 2016-JP2, Class A4, 2.82%, 08/15/2049 (Callable 07/15/2026) | 2065000 | 2040148 |
| &nbsp;&nbsp; Series 2016-JP4, Class A4, 3.65%, 12/15/2049 (Callable 04/15/2027) <sup>(e)</sup> | &nbsp;&nbsp; Series 2016-JP4, Class A4, 3.65%, 12/15/2049 (Callable 04/15/2027) <sup>(e)</sup> | 8950000 | 8856138 |
| &nbsp;&nbsp; Series 2017-JP5, Class A5, 3.72%, 03/15/2050 (Callable 04/15/2027) | &nbsp;&nbsp; Series 2017-JP5, Class A5, 3.72%, 03/15/2050 (Callable 04/15/2027) | 11138000 | 11030692 |
| &nbsp;&nbsp; Series 2017-JP6, Class A5, 3.49%, 07/15/2050 (Callable 04/15/2028) | &nbsp;&nbsp; Series 2017-JP6, Class A5, 3.49%, 07/15/2050 (Callable 04/15/2028) | 2800000 | 2731700 |
| &nbsp;&nbsp; Series 2017-JP7, Class A5, 3.45%, 09/15/2050 (Callable 04/15/2028) | &nbsp;&nbsp; Series 2017-JP7, Class A5, 3.45%, 09/15/2050 (Callable 04/15/2028) | 9450000 | 9276169 |
| JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust | JPMBB Commercial Mortgage Securities Trust |
| &nbsp;&nbsp; Series 2014-C24, Class A5, 3.64%, 11/15/2047 (Callable 08/15/2027) | &nbsp;&nbsp; Series 2014-C24, Class A5, 3.64%, 11/15/2047 (Callable 08/15/2027) | 784035 | 768964 |
| &nbsp;&nbsp; Series 2014-C25, Class A5, 3.67%, 11/15/2047 (Callable 12/15/2027) | &nbsp;&nbsp; Series 2014-C25, Class A5, 3.67%, 11/15/2047 (Callable 12/15/2027) | 1108031 | 1095510 |
| &nbsp;&nbsp; Series 2015-C27, Class A4, 3.18%, 02/15/2048 (Callable 09/15/2026) | &nbsp;&nbsp; Series 2015-C27, Class A4, 3.18%, 02/15/2048 (Callable 09/15/2026) | 489975 | 477736 |
| JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust | JPMDB Commercial Mortgage Securities Trust |
| &nbsp;&nbsp; Series 2016-C4, Class A3, 3.14%, 12/15/2049 (Callable 04/15/2027) | &nbsp;&nbsp; Series 2016-C4, Class A3, 3.14%, 12/15/2049 (Callable 04/15/2027) | 15165000 | 14892138 |
| &nbsp;&nbsp; Series 2017-C5, Class A5, 3.69%, 03/15/2050 (Callable 08/15/2027) | &nbsp;&nbsp; Series 2017-C5, Class A5, 3.69%, 03/15/2050 (Callable 08/15/2027) | 13410000 | 13211944 |
|  Ladder Capital Commercial Mortgage Securities LLC, Series 2017-LC26, Class A4, 3.55%, 07/12/2050 (Callable 07/10/2027) <sup>(a)</sup> | Ladder Capital Commercial Mortgage Securities LLC, Series 2017-LC26, Class A4, 3.55%, 07/12/2050 (Callable 07/10/2027) <sup>(a)</sup> | 46315000 | 45524537 |
| Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust |
| &nbsp;&nbsp; Series 2016-C28, Class A4, 3.54%, 01/15/2049 (Callable 02/15/2028) | &nbsp;&nbsp; Series 2016-C28, Class A4, 3.54%, 01/15/2049 (Callable 02/15/2028) | 28125000 | 28014933 |
| &nbsp;&nbsp; Series 2016-C30, Class ASB, 2.73%, 09/15/2049 (Callable 10/15/2026) | &nbsp;&nbsp; Series 2016-C30, Class ASB, 2.73%, 09/15/2049 (Callable 10/15/2026) | 93141 | 92966 |
| &nbsp;&nbsp; Series 2016-C31, Class A5, 3.10%, 11/15/2049 (Callable 11/15/2026) | &nbsp;&nbsp; Series 2016-C31, Class A5, 3.10%, 11/15/2049 (Callable 11/15/2026) | 2800000 | 2758728 |
| &nbsp;&nbsp; Series 2017-C34, Class A4, 3.54%, 11/15/2052 (Callable 10/15/2027) | &nbsp;&nbsp; Series 2017-C34, Class A4, 3.54%, 11/15/2052 (Callable 10/15/2027) | 8030000 | 7901611 |
| Morgan Stanley Capital I, Inc. | Morgan Stanley Capital I, Inc. | Morgan Stanley Capital I, Inc. | Morgan Stanley Capital I, Inc. |
| &nbsp;&nbsp; Series 2016-UBS9, Class A4, 3.59%, 03/15/2049 (Callable 02/15/2026) | &nbsp;&nbsp; Series 2016-UBS9, Class A4, 3.59%, 03/15/2049 (Callable 02/15/2026) | 10284000 | 10231481 |
| &nbsp;&nbsp; Series 2017-H1, Class A5, 3.53%, 06/15/2050 (Callable 06/15/2027) | &nbsp;&nbsp; Series 2017-H1, Class A5, 3.53%, 06/15/2050 (Callable 06/15/2027) | 7752450 | 7649521 |
| UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust | UBS Commercial Mortgage Trust |
| &nbsp;&nbsp; Series 2017-C2, Class A4, 3.49%, 08/15/2050 (Callable 08/15/2027) | &nbsp;&nbsp; Series 2017-C2, Class A4, 3.49%, 08/15/2050 (Callable 08/15/2027) | 3000000 | 2951657 |
| &nbsp;&nbsp; Series 2018-C11, Class A5, 4.24%, 06/15/2051 (Callable 07/15/2028) <sup>(e)</sup> | &nbsp;&nbsp; Series 2018-C11, Class A5, 4.24%, 06/15/2051 (Callable 07/15/2028) <sup>(e)</sup> | 3625000 | 3607674 |
| &nbsp;&nbsp; Series 2018-C8, Class A4, 3.98%, 02/15/2051 (Callable 02/15/2028) | &nbsp;&nbsp; Series 2018-C8, Class A4, 3.98%, 02/15/2051 (Callable 02/15/2028) | 5000000 | 4945264 |
| &nbsp;&nbsp; Series 2018-C9, Class A4, 4.12%, 03/15/2051 (Callable 04/15/2028) <sup>(e)</sup> | &nbsp;&nbsp; Series 2018-C9, Class A4, 4.12%, 03/15/2051 (Callable 04/15/2028) <sup>(e)</sup> | 10000000 | 9837632 |
| **TOTAL NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $455,037,760) | **TOTAL NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $455,037,760) | **TOTAL NON-AGENCY COMMERCIAL MORTGAGE-BACKED SECURITIES** (Cost $455,037,760) | 462605822 |
| **ASSET-BACKED SECURITIES - 3.8%** | **ASSET-BACKED SECURITIES - 3.8%** | **Par** | **Value**  |
|  Chase Auto Credit Linked Notes, Series 2025-1, Class B, 4.75%, 02/25/2033 (Callable 03/25/2029) <sup>(a)</sup> | Chase Auto Credit Linked Notes, Series 2025-1, Class B, 4.75%, 02/25/2033 (Callable 03/25/2029) <sup>(a)</sup> | 13704339 | 13761495 |
| DLLAD LLC | DLLAD LLC | DLLAD LLC | DLLAD LLC |
| &nbsp;&nbsp; Series 2024-1A, Class A3, 5.30%, 07/20/2029 (Callable 01/20/2029) <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-1A, Class A3, 5.30%, 07/20/2029 (Callable 01/20/2029) <sup>(a)</sup> | 41447000 | 42323596 |
| &nbsp;&nbsp; Series 2025-1A, Class A3, 4.42%, 09/20/2030 (Callable 02/20/2030) <sup>(a)</sup> | &nbsp;&nbsp; Series 2025-1A, Class A3, 4.42%, 09/20/2030 (Callable 02/20/2030) <sup>(a)</sup> | 8650000 | 8724606 |
| Financial Holding Corp. | Financial Holding Corp. | Financial Holding Corp. | Financial Holding Corp. |
| &nbsp;&nbsp; Series 2024-B, Class A, 4.95%, 02/15/2029 <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-B, Class A, 4.95%, 02/15/2029 <sup>(a)</sup> | 31741000 | 32114820 |
| &nbsp;&nbsp; Series 2024-D, Class A, 5.34%, 04/15/2029 <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-D, Class A, 5.34%, 04/15/2029 <sup>(a)</sup> | 10000000 | 10184986 |
| Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust | Ford Credit Auto Owner Trust |
| &nbsp;&nbsp; Series 2022-1, Class A, 3.88%, 11/15/2034 (Callable 05/15/2027) <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-1, Class A, 3.88%, 11/15/2034 (Callable 05/15/2027) <sup>(a)</sup> | 45175000 | 45083358 |
| &nbsp;&nbsp; Series 2023-1, Class A, 4.85%, 08/15/2035 (Callable 02/15/2028) <sup>(a)</sup> | &nbsp;&nbsp; Series 2023-1, Class A, 4.85%, 08/15/2035 (Callable 02/15/2028) <sup>(a)</sup> | 8670000 | 8822811 |
| Ford Credit Floorplan LLC | Ford Credit Floorplan LLC | Ford Credit Floorplan LLC | Ford Credit Floorplan LLC |
| &nbsp;&nbsp; Series 2024-1, Class A1, 5.29%, 04/15/2029 <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-1, Class A1, 5.29%, 04/15/2029 <sup>(a)</sup> | 30860000 | 31443621 |
| &nbsp;&nbsp; Series 2024-3, Class A1, 4.30%, 09/15/2029 <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-3, Class A1, 4.30%, 09/15/2029 <sup>(a)</sup> | 33350000 | 33498684 |
| General Motors Co. | General Motors Co. | General Motors Co. | General Motors Co. |
| &nbsp;&nbsp; Series 2024-1A, Class A1, 5.13%, 03/15/2029 <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-1A, Class A1, 5.13%, 03/15/2029 <sup>(a)</sup> | 23275000 | 23636952 |
| &nbsp;&nbsp; Series 2024-4A, Class A1, 4.73%, 11/15/2029 <sup>(a)</sup> | &nbsp;&nbsp; Series 2024-4A, Class A1, 4.73%, 11/15/2029 <sup>(a)</sup> | 8175000 | 8290130 |
|  GreatAmerica Leasing Receivables, Series 2024-2, Class A3, 5.00%, 09/15/2028 (Callable 09/15/2028) <sup>(a)</sup> | GreatAmerica Leasing Receivables, Series 2024-2, Class A3, 5.00%, 09/15/2028 (Callable 09/15/2028) <sup>(a)</sup> | 10375000 | 10536434 |
|  MMAF Equipment Finance LLC, Series 2023-A, Class A3, 5.54%, 12/13/2029 <sup>(a)</sup> | MMAF Equipment Finance LLC, Series 2023-A, Class A3, 5.54%, 12/13/2029 <sup>(a)</sup> | 6575000 | 6696421 |
| Navient Student Loan Trust | Navient Student Loan Trust | Navient Student Loan Trust | Navient Student Loan Trust |
| &nbsp;&nbsp; Series 2019-BA, Class A2A, 3.39%, 12/15/2059 (Callable 01/15/2030) <sup>(a)</sup> | &nbsp;&nbsp; Series 2019-BA, Class A2A, 3.39%, 12/15/2059 (Callable 01/15/2030) <sup>(a)</sup> | 2090126 | 2054443 |
| &nbsp;&nbsp; Series 2019-EA, Class A2A, 2.64%, 05/15/2068 (Callable 02/15/2027) <sup>(a)</sup> | &nbsp;&nbsp; Series 2019-EA, Class A2A, 2.64%, 05/15/2068 (Callable 02/15/2027) <sup>(a)</sup> | 945146 | 930300 |
| &nbsp;&nbsp; Series 2019-FA, Class A2, 2.60%, 08/15/2068 (Callable 06/15/2027) <sup>(a)</sup> | &nbsp;&nbsp; Series 2019-FA, Class A2, 2.60%, 08/15/2068 (Callable 06/15/2027) <sup>(a)</sup> | 5016586 | 4852966 |
| &nbsp;&nbsp; Series 2021-A, Class A, 0.84%, 05/15/2069 (Callable 01/15/2029) <sup>(a)</sup> | &nbsp;&nbsp; Series 2021-A, Class A, 0.84%, 05/15/2069 (Callable 01/15/2029) <sup>(a)</sup> | 5777065 | 5285092 |
| &nbsp;&nbsp; Series 2021-GA, Class A, 1.58%, 04/15/2070 (Callable 06/15/2030) <sup>(a)</sup> | &nbsp;&nbsp; Series 2021-GA, Class A, 1.58%, 04/15/2070 (Callable 06/15/2030) <sup>(a)</sup> | 17015926 | 15379041 |
| Nelnet Student Loan Trust | Nelnet Student Loan Trust | Nelnet Student Loan Trust | Nelnet Student Loan Trust |
| &nbsp;&nbsp; Series 2021-A, Class APT1, 1.36%, 04/20/2062 (Callable 09/20/2029) <sup>(a)</sup> | &nbsp;&nbsp; Series 2021-A, Class APT1, 1.36%, 04/20/2062 (Callable 09/20/2029) <sup>(a)</sup> | 4403200 | 4156363 |
| &nbsp;&nbsp; Series 2021-BA, Class AFX, 1.42%, 04/20/2062 (Callable 07/20/2029) <sup>(a)</sup> | &nbsp;&nbsp; Series 2021-BA, Class AFX, 1.42%, 04/20/2062 (Callable 07/20/2029) <sup>(a)</sup> | 6062550 | 5734538 |
| &nbsp;&nbsp; Series 2021-DA, Class AFX, 1.63%, 04/20/2062 (Callable 03/20/2032) <sup>(a)</sup> | &nbsp;&nbsp; Series 2021-DA, Class AFX, 1.63%, 04/20/2062 (Callable 03/20/2032) <sup>(a)</sup> | 6120617 | 5814924 |
|  Santander Holdings USA, Inc., Series 2023-B, Class B, 5.64%, 12/15/2033 (Callable 10/15/2027) <sup>(a)</sup> | Santander Holdings USA, Inc., Series 2023-B, Class B, 5.64%, 12/15/2033 (Callable 10/15/2027) <sup>(a)</sup> | 1851609 | 1868863 |
|  Stellantis Financial Underwritten Enhanced Lease Trust, Series 2025-BA, Class A3, 4.27%, 01/22/2029 (Callable 01/20/2028) <sup>(a)</sup> | Stellantis Financial Underwritten Enhanced Lease Trust, Series 2025-BA, Class A3, 4.27%, 01/22/2029 (Callable 01/20/2028) <sup>(a)</sup> | 25425000 | 25549735 |
| Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust |
| &nbsp;&nbsp; Series 2020-MH1, Class A1, 2.25%, 02/25/2060 (Callable 10/25/2025) <sup>(a)(e)</sup> | &nbsp;&nbsp; Series 2020-MH1, Class A1, 2.25%, 02/25/2060 (Callable 10/25/2025) <sup>(a)(e)</sup> | 4731819 | 4638335 |
| &nbsp;&nbsp; Series 2020-MH1, Class A1A, 2.18%, 02/25/2060 (Callable 10/25/2025) <sup>(a)(e)</sup> | &nbsp;&nbsp; Series 2020-MH1, Class A1A, 2.18%, 02/25/2060 (Callable 10/25/2025) <sup>(a)(e)</sup> | 3042791 | 2981416 |
| Verizon Master Trust | Verizon Master Trust | Verizon Master Trust | Verizon Master Trust |
| &nbsp;&nbsp; Series 2024-8, Class A1A, 4.62%, 11/20/2030 (Callable 11/20/2027) | &nbsp;&nbsp; Series 2024-8, Class A1A, 4.62%, 11/20/2030 (Callable 11/20/2027) | 22000000 | 22280876 |
| &nbsp;&nbsp; Series 2025-5, Class A1A, 4.40%, 06/20/2031 (Callable 06/20/2028) | &nbsp;&nbsp; Series 2025-5, Class A1A, 4.40%, 06/20/2031 (Callable 06/20/2028) | 21900000 | 22155505 |
|  Volkswagen Auto Lease Trust, Series 2025-B, Class A3, 4.01%, 01/22/2029 (Callable 12/20/2027) | Volkswagen Auto Lease Trust, Series 2025-B, Class A3, 4.01%, 01/22/2029 (Callable 12/20/2027) | 36550000 | 36600227 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $434,793,380) | **TOTAL ASSET-BACKED SECURITIES** (Cost $434,793,380) | **TOTAL ASSET-BACKED SECURITIES** (Cost $434,793,380) | 435400538 |
| **NON-AGENCY RESIDENTIAL MORTGAGE-BACKED SECURITIES - 3.4%** | **NON-AGENCY RESIDENTIAL MORTGAGE-BACKED SECURITIES - 3.4%** | **Par** | **Value**  |
| Arroyo Mortgage Trust | Arroyo Mortgage Trust | Arroyo Mortgage Trust | Arroyo Mortgage Trust |
| &nbsp;&nbsp; Series 2019-2, Class A1, 3.35%, 04/25/2049 (Callable 10/25/2025) <sup>(a)(e)</sup> | &nbsp;&nbsp; Series 2019-2, Class A1, 3.35%, 04/25/2049 (Callable 10/25/2025) <sup>(a)(e)</sup> | 2593235 | 2523819 |
| &nbsp;&nbsp; Series 2019-3, Class A1, 2.96%, 10/25/2048 (Callable 10/25/2025) <sup>(a)(e)</sup> | &nbsp;&nbsp; Series 2019-3, Class A1, 2.96%, 10/25/2048 (Callable 10/25/2025) <sup>(a)(e)</sup> | 3521231 | 3374760 |
| &nbsp;&nbsp; Series 2020-1, Class A1A, 1.66%, 03/25/2055 (Callable 10/25/2025) <sup>(a)</sup> | &nbsp;&nbsp; Series 2020-1, Class A1A, 1.66%, 03/25/2055 (Callable 10/25/2025) <sup>(a)</sup> | 1819208 | 1747019 |
| &nbsp;&nbsp; Series 2022-1, Class A1A, 2.50%, 12/25/2056 (Callable 10/25/2025) <sup>(a)(d)</sup> | &nbsp;&nbsp; Series 2022-1, Class A1A, 2.50%, 12/25/2056 (Callable 10/25/2025) <sup>(a)(d)</sup> | 8238177 | 7946504 |
|  CIM Trust, Series 2023-R4, Class A1, 5.00%, 05/25/2062 (Callable 04/25/2028) <sup>(a)(e)</sup> | CIM Trust, Series 2023-R4, Class A1, 5.00%, 05/25/2062 (Callable 04/25/2028) <sup>(a)(e)</sup> | 22672323 | 22655509 |
|  Citigroup Mortgage Loan Trust, Inc., Series 2018-RP2, Class A1, 3.08%, 02/25/2058 (Callable 10/25/2049) <sup>(a)(e)</sup> | Citigroup Mortgage Loan Trust, Inc., Series 2018-RP2, Class A1, 3.08%, 02/25/2058 (Callable 10/25/2049) <sup>(a)(e)</sup> | 2253939 | 2226194 |
|  COLT Funding LLC, Series 2020-RPL1, Class A1, 1.39%, 01/25/2065 (Callable 10/25/2025) <sup>(a)(e)</sup> | COLT Funding LLC, Series 2020-RPL1, Class A1, 1.39%, 01/25/2065 (Callable 10/25/2025) <sup>(a)(e)</sup> | 14481974 | 12574796 |
| Countrywide Alternative Loan Trust | Countrywide Alternative Loan Trust | Countrywide Alternative Loan Trust | Countrywide Alternative Loan Trust |
| &nbsp;&nbsp; Series 2004-J2, Class 3A3, 5.50%, 04/25/2034 (Callable 10/25/2025) | &nbsp;&nbsp; Series 2004-J2, Class 3A3, 5.50%, 04/25/2034 (Callable 10/25/2025) | 15806 | 16092 |
| &nbsp;&nbsp; Series 2006-28CB, Class A17, 6.00%, 10/25/2036 (Callable 10/25/2025) | &nbsp;&nbsp; Series 2006-28CB, Class A17, 6.00%, 10/25/2036 (Callable 10/25/2025) | 387429 | 179718 |
|  Credit Suisse Mortgage Capital Certificates, Series 2019-RPL1, Class A1A, 3.65%, 07/25/2058 (Callable 01/25/2046) <sup>(a)(e)</sup> | Credit Suisse Mortgage Capital Certificates, Series 2019-RPL1, Class A1A, 3.65%, 07/25/2058 (Callable 01/25/2046) <sup>(a)(e)</sup> | 11458353 | 11278077 |
|  FirstKey Homes 2020-SFR2 Trust, Series 2020-SFR2, Class A, 1.27%, 10/19/2037 <sup>(a)</sup> | FirstKey Homes 2020-SFR2 Trust, Series 2020-SFR2, Class A, 1.27%, 10/19/2037 <sup>(a)</sup> | 26883261 | 26757770 |
| FirstKey Homes Trust | FirstKey Homes Trust | FirstKey Homes Trust | FirstKey Homes Trust |
| &nbsp;&nbsp; Series 2022-SFR1, Class A, 4.15%, 05/19/2039 <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-SFR1, Class A, 4.15%, 05/19/2039 <sup>(a)</sup> | 3068398 | 3056235 |
| &nbsp;&nbsp; Series 2022-SFR2, Class A, 4.25%, 07/17/2039 <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-SFR2, Class A, 4.25%, 07/17/2039 <sup>(a)</sup> | 27507284 | 27442314 |
| &nbsp;&nbsp; Series 2022-SFR3, Class A, 4.25%, 07/17/2038 <sup>(a)</sup> | &nbsp;&nbsp; Series 2022-SFR3, Class A, 4.25%, 07/17/2038 <sup>(a)</sup> | 6378175 | 6357428 |
| GCAT | GCAT | GCAT | GCAT |
| &nbsp;&nbsp; Series 2022-HX1, Class A1, 2.89%, 12/27/2066 (Callable 05/25/2031) <sup>(a)(e)</sup> | &nbsp;&nbsp; Series 2022-HX1, Class A1, 2.89%, 12/27/2066 (Callable 05/25/2031) <sup>(a)(e)</sup> | 20965306 | 19756948 |
| &nbsp;&nbsp; Series 2025-NQM3, Class A1A, 5.55%, 05/25/2070 (Callable 06/25/2028) <sup>(a)(d)</sup> | &nbsp;&nbsp; Series 2025-NQM3, Class A1A, 5.55%, 05/25/2070 (Callable 06/25/2028) <sup>(a)(d)</sup> | 26486922 | 26718653 |
|  Home Partners of America Trust, Series 2019-2, Class A, 2.70%, 10/19/2039 (Callable 10/17/2025) <sup>(a)</sup> | Home Partners of America Trust, Series 2019-2, Class A, 2.70%, 10/19/2039 (Callable 10/17/2025) <sup>(a)</sup> | 8321873 | 8230921 |
| MASTR Alternative Loans Trust | MASTR Alternative Loans Trust | MASTR Alternative Loans Trust | MASTR Alternative Loans Trust |
| &nbsp;&nbsp; Series 2003-5, Class 4A1, 5.50%, 07/25/2033 (Callable 10/25/2025) | &nbsp;&nbsp; Series 2003-5, Class 4A1, 5.50%, 07/25/2033 (Callable 10/25/2025) | 817684 | 813222 |
| &nbsp;&nbsp; Series 2003-5, Class 7A1, 5.00%, 10/01/2031 | &nbsp;&nbsp; Series 2003-5, Class 7A1, 5.00%, 10/01/2031 | 2026 | 2129 |
|  MFRA Trust, Series 2022-NQM1, Class A1, 4.11%, 12/25/2066 (Callable 10/25/2025) <sup>(a)(e)</sup> | MFRA Trust, Series 2022-NQM1, Class A1, 4.11%, 12/25/2066 (Callable 10/25/2025) <sup>(a)(e)</sup> | 14506972 | 14333640 |
|  New Residential Mortgage Loan Trust, Series 2019-RPL3, Class A1, 2.75%, 07/25/2059 (Callable 03/25/2041) <sup>(a)(e)</sup> | New Residential Mortgage Loan Trust, Series 2019-RPL3, Class A1, 2.75%, 07/25/2059 (Callable 03/25/2041) <sup>(a)(e)</sup> | 25145747 | 24283454 |
| Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust | Onslow Bay Mortgage Loan Trust |
| &nbsp;&nbsp; Series 2023-NQM9, Class A1, 7.16%, 10/25/2063 (Callable 10/25/2026) <sup>(a)(d)</sup> | &nbsp;&nbsp; Series 2023-NQM9, Class A1, 7.16%, 10/25/2063 (Callable 10/25/2026) <sup>(a)(d)</sup> | 6195412 | 6298833 |
| &nbsp;&nbsp; Series 2025-NQM14, Class A1, 5.16%, 07/25/2065 (Callable 07/25/2028) <sup>(a)(d)</sup> | &nbsp;&nbsp; Series 2025-NQM14, Class A1, 5.16%, 07/25/2065 (Callable 07/25/2028) <sup>(a)(d)</sup> | 32708524 | 32928437 |
|  Renaissance NIM Trust, Series 2007-2, Class AF2, Pool 2007-2, 5.68%, 06/25/2037 (Callable 05/25/2029) <sup>(d)</sup> | Renaissance NIM Trust, Series 2007-2, Class AF2, Pool 2007-2, 5.68%, 06/25/2037 (Callable 05/25/2029) <sup>(d)</sup> | 1914212 | 462756 |
| Rithm Capital Corp. | Rithm Capital Corp. | Rithm Capital Corp. | Rithm Capital Corp. |
| &nbsp;&nbsp; Series 2020-RPL1, Class A1, 2.75%, 11/25/2059 (Callable 12/25/2040) <sup>(a)(e)</sup> | &nbsp;&nbsp; Series 2020-RPL1, Class A1, 2.75%, 11/25/2059 (Callable 12/25/2040) <sup>(a)(e)</sup> | 36642762 | 35248373 |
| &nbsp;&nbsp; Series 2024-NQM2, Class A1, 5.12%, 09/25/2064 (Callable 01/25/2030) <sup>(a)(e)</sup> | &nbsp;&nbsp; Series 2024-NQM2, Class A1, 5.12%, 09/25/2064 (Callable 01/25/2030) <sup>(a)(e)</sup> | 25301568 | 25337769 |
|  Structured Asset Securities Corp., Series 2004-4XS, Class 1A6, 5.05%, 02/25/2034 (Callable 10/25/2025) <sup>(d)</sup> | Structured Asset Securities Corp., Series 2004-4XS, Class 1A6, 5.05%, 02/25/2034 (Callable 10/25/2025) <sup>(d)</sup> | 2798 | 2799 |
|  Thornburg Mortgage Securities Trust, Series 2003-5, Class 3A, 5.10%, 10/25/2043 (Callable 10/25/2025) <sup>(e)</sup> | Thornburg Mortgage Securities Trust, Series 2003-5, Class 3A, 5.10%, 10/25/2043 (Callable 10/25/2025) <sup>(e)</sup> | 977082 | 936224 |
| Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust | Towd Point Mortgage Trust |
| &nbsp;&nbsp; Series 2017-4, Class A1, 2.75%, 06/25/2057 (Callable 02/25/2030) <sup>(a)(e)</sup> | &nbsp;&nbsp; Series 2017-4, Class A1, 2.75%, 06/25/2057 (Callable 02/25/2030) <sup>(a)(e)</sup> | 5333438 | 5224551 |
| &nbsp;&nbsp; Series 2017-6, Class A1, 2.75%, 10/25/2057 (Callable 02/25/2030) <sup>(a)(e)</sup> | &nbsp;&nbsp; Series 2017-6, Class A1, 2.75%, 10/25/2057 (Callable 02/25/2030) <sup>(a)(e)</sup> | 11523459 | 11343725 |
| &nbsp;&nbsp; Series 2018-3, Class A1, 3.75%, 05/25/2058 (Callable 10/25/2029) <sup>(a)(e)</sup> | &nbsp;&nbsp; Series 2018-3, Class A1, 3.75%, 05/25/2058 (Callable 10/25/2029) <sup>(a)(e)</sup> | 2038413 | 2004457 |
| &nbsp;&nbsp; Series 2018-6, Class A1A, 3.75%, 03/25/2058 (Callable 08/25/2030) <sup>(a)(e)</sup> | &nbsp;&nbsp; Series 2018-6, Class A1A, 3.75%, 03/25/2058 (Callable 08/25/2030) <sup>(a)(e)</sup> | 765859 | 760512 |
| &nbsp;&nbsp; Series 2019-4, Class A1, 2.90%, 10/25/2059 (Callable 11/25/2031) <sup>(a)(e)</sup> | &nbsp;&nbsp; Series 2019-4, Class A1, 2.90%, 10/25/2059 (Callable 11/25/2031) <sup>(a)(e)</sup> | 4436224 | 4263143 |
| &nbsp;&nbsp; Series 2020-1, Class A1, 2.71%, 01/25/2060 (Callable 08/25/2030) <sup>(a)(e)</sup> | &nbsp;&nbsp; Series 2020-1, Class A1, 2.71%, 01/25/2060 (Callable 08/25/2030) <sup>(a)(e)</sup> | 2401420 | 2317751 |
| &nbsp;&nbsp; Series 2020-4, Class A1, 1.75%, 10/25/2060 (Callable 09/25/2030) <sup>(a)</sup> | &nbsp;&nbsp; Series 2020-4, Class A1, 1.75%, 10/25/2060 (Callable 09/25/2030) <sup>(a)</sup> | 22630363 | 20616256 |
|  Verus Securitization Trust, Series 2025-6, Class A1, 5.42%, 07/25/2070 (Callable 07/25/2028) <sup>(a)(d)</sup> | Verus Securitization Trust, Series 2025-6, Class A1, 5.42%, 07/25/2070 (Callable 07/25/2028) <sup>(a)(d)</sup> | 21492844 | 21658947 |
|  WaMu Mortgage Pass Through Certificates, Series 2004-AR3, Class A1, 5.37%, 06/25/2034 (Callable 10/25/2025) <sup>(e)</sup> | WaMu Mortgage Pass Through Certificates, Series 2004-AR3, Class A1, 5.37%, 06/25/2034 (Callable 10/25/2025) <sup>(e)</sup> | 957735 | 907867 |
| **TOTAL NON-AGENCY RESIDENTIAL MORTGAGE-BACKED SECURITIES** (Cost $397,907,846) | **TOTAL NON-AGENCY RESIDENTIAL MORTGAGE-BACKED SECURITIES** (Cost $397,907,846) | **TOTAL NON-AGENCY RESIDENTIAL MORTGAGE-BACKED SECURITIES** (Cost $397,907,846) | 392587602 |
| **MUNICIPAL BONDS - 0.7%** | **MUNICIPAL BONDS - 0.7%** | **Par** | **Value**  |
|  Arlington Higher Education Finance Corp., 3.00%, 08/15/2044 (Callable 11/01/2025) <sup>(f)</sup> | Arlington Higher Education Finance Corp., 3.00%, 08/15/2044 (Callable 11/01/2025) <sup>(f)</sup> | 22010000 | 21772307 |
| California Municipal Finance Authority | California Municipal Finance Authority | California Municipal Finance Authority | California Municipal Finance Authority |
| &nbsp;&nbsp; 5.50%, 04/01/2029 (Callable 10/22/2025) | &nbsp;&nbsp; 5.50%, 04/01/2029 (Callable 10/22/2025) | 10050000 | 10088807 |
| &nbsp;&nbsp; 5.75%, 04/01/2030 (Callable 10/22/2025) | &nbsp;&nbsp; 5.75%, 04/01/2030 (Callable 10/22/2025) | 5000000 | 5000775 |
|  Central Plains Energy Project, 5.72%, 08/01/2028 | Central Plains Energy Project, 5.72%, 08/01/2028 | 1320000 | 1334682 |
|  City of Brockton MA, 5.41%, 08/01/2027 | City of Brockton MA, 5.41%, 08/01/2027 | 8950000 | 9102392 |
| General Authority of Southcentral Pennsylvania | General Authority of Southcentral Pennsylvania | General Authority of Southcentral Pennsylvania | General Authority of Southcentral Pennsylvania |
| &nbsp;&nbsp; 5.10%, 05/01/2050 <sup>(f)</sup> | &nbsp;&nbsp; 5.10%, 05/01/2050 <sup>(f)</sup> | 4750000 | 4758197 |
| &nbsp;&nbsp; 5.50%, 05/01/2050 <sup>(f)</sup> | &nbsp;&nbsp; 5.50%, 05/01/2050 <sup>(f)</sup> | 6855000 | 6843871 |
|  Massachusetts Educational Financing Authority, 2.00%, 07/01/2037 (Callable 07/01/2031) <sup>(g)</sup> | Massachusetts Educational Financing Authority, 2.00%, 07/01/2037 (Callable 07/01/2031) <sup>(g)</sup> | 700000 | 574967 |
|  Minnesota Housing Finance Agency, 4.34%, 01/01/2047 (Callable 01/01/2032) | Minnesota Housing Finance Agency, 4.34%, 01/01/2047 (Callable 01/01/2032) | 1460000 | 1444063 |
|  Mississippi Hospital Equipment & Facilities Authority, 3.72%, 09/01/2026 | Mississippi Hospital Equipment & Facilities Authority, 3.72%, 09/01/2026 | 8000000 | 7929989 |
|  New Jersey Economic Development Authority, 6.31%, 07/01/2026 | New Jersey Economic Development Authority, 6.31%, 07/01/2026 | 560000 | 565740 |
| Tennergy Corp./TN | Tennergy Corp./TN | Tennergy Corp./TN | Tennergy Corp./TN |
| &nbsp;&nbsp; 5.97%, 06/01/2026 | &nbsp;&nbsp; 5.97%, 06/01/2026 | 1150000 | 1159226 |
| &nbsp;&nbsp; 5.95%, 06/01/2027 | &nbsp;&nbsp; 5.95%, 06/01/2027 | 800000 | 813325 |
|  Utah Housing Corp., 3.88%, 01/01/2050 (Callable 07/01/2029) | Utah Housing Corp., 3.88%, 01/01/2050 (Callable 07/01/2029) | 2350000 | 2310644 |
|  Westvaco Corp., 7.67%, 01/15/2027 <sup>(a)</sup> | Westvaco Corp., 7.67%, 01/15/2027 <sup>(a)</sup> | 3900000 | 4012698 |
| **TOTAL MUNICIPAL BONDS** (Cost $77,945,416) | **TOTAL MUNICIPAL BONDS** (Cost $77,945,416) | **TOTAL MUNICIPAL BONDS** (Cost $77,945,416) | 77711683 |
| **OTHER GOVERNMENT RELATED SECURITIES - 0.4%** | **OTHER GOVERNMENT RELATED SECURITIES - 0.4%** | **Par** | **Value**  |
|  Electricite de France SA, 4.50%, 09/21/2028 (Callable 06/21/2028) <sup>(a)</sup> | Electricite de France SA, 4.50%, 09/21/2028 (Callable 06/21/2028) <sup>(a)</sup> | 21750000 | 21857207 |
|  Korea National Oil Corp., 4.13%, 09/30/2027 <sup>(a)</sup> | Korea National Oil Corp., 4.13%, 09/30/2027 <sup>(a)</sup> | 20000000 | 19997453 |
| **TOTAL OTHER GOVERNMENT RELATED SECURITIES** (Cost $41,697,920) | **TOTAL OTHER GOVERNMENT RELATED SECURITIES** (Cost $41,697,920) | **TOTAL OTHER GOVERNMENT RELATED SECURITIES** (Cost $41,697,920) | 41854660 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 4.4%** | **MONEY MARKET FUNDS - 4.4%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class U, 4.07%<sup>(h)</sup> | First American Government Obligations Fund - Class U, 4.07%<sup>(h)</sup> | 506879768 | 506879768 |
| **TOTAL MONEY MARKET FUNDS** (Cost $506,879,768) | **TOTAL MONEY MARKET FUNDS** (Cost $506,879,768) | **TOTAL MONEY MARKET FUNDS** (Cost $506,879,768) | 506879768 |
| **TOTAL INVESTMENTS - 103.2% (**Cost $11,680,540,483**)** | **TOTAL INVESTMENTS - 103.2% (**Cost $11,680,540,483**)** | **TOTAL INVESTMENTS - 103.2% (**Cost $11,680,540,483**)** | 11779467057 |
| Liabilities in Excess of Other Assets - (3.2)% | Liabilities in Excess of Other Assets - (3.2)% | Liabilities in Excess of Other Assets - (3.2)% | (363013811) |
| **TOTAL NET ASSETS - 100.0%** | 0.0% | 0.0% | $11416453246 |
| two | two | two | –% |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LIBOR - London Interbank Offered Rate |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| SOFR - Secured Overnight Financing Rate |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of September 30, 2025, the value of these securities total $3,636,614,242 or 31.9% of the Fund's net assets.

(b) Securities referencing LIBOR are expected to transition to an alternative reference rate by the security's next scheduled coupon reset date.

(c) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those
 industries or sectors.

(d) Step coupon bond. The rate disclosed is as of September 30, 2025.

(e) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral
 increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of September 30, 2025.

(f) Coupon rate may be variable or floating based on components other than reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate
 disclosed is as of September 30, 2025.

(g) Security subject to the Alternative Minimum Tax ("AMT"). As of September 30, 2025, the total value of securities subject to the AMT was $574,967 or 0.0% of net assets.

(h) The rate shown represents the 7-day annualized yield as of September 30, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of September 30, 2025 (Unaudited)
Baird Short-Term Bond Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $5831244215 | $– | $5831244215 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 4031182769 | – | 4031182769 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Commercial Mortgage-Backed Securities | – | 462605822 | – | 462605822 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 435400538 | – | 435400538 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Residential Mortgage-Backed Securities | – | 392587602 | – | 392587602 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Municipal Bonds | – | 77711683 | – | 77711683 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Other Government Related Securities | – | 41854660 | – | 41854660 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 506879768 | – | – | 506879768 |
| Total Investments | $506879768 | $11272587289 | $– | $11779467057 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period, as compared to the security classifications from the prior year's core financial statements. <br>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Baird Funds Inc

- **b. Investment Company Act file number:** 811-09997

- **c. CIK number of Registrant:** 0001282693

- **d. LEI of Registrant:** 5493007JR2NWYBC7PO06

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

  - **Street Address 1:** 777 East Wisconsin Avenue

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 4147653614

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

- **a. Name of Series:** Baird Short-Term Bond Fund

- **b. EDGAR series identifier (if any):** S000000757

- **c. LEI of Series:** 5493001CJOVRFMYFIJ62

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $11416025018.64

**Total Liabilities:** $4582208.93

**Net Assets:** $11411442809.71

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 52235.903345000000 | **1-Year:** 1336828.367065000000 | **5-Year:** 600394.748444000000 | **10-Year:** 1982.898957000000 | **30-Year:** 1020.093384000000

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

- **3-Month:** 8005.520159000000 | **1-Year:** 9977.986597000000 | **5-Year:** 2387.341648000000 | **10-Year:** 0.036341000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002171 | 0.07%                | 0.89%                | 0.45%                |
| Class ID C000118526 | 0.05%                | 0.87%                | 0.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $977657.24               | $-33382404.86                              |
| Month 2  | $9399477.09              | $48890392.41                               |
| Month 3  | $8721641.33              | $-5798341.28                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| COREBRIDGE GLOB FUNDING        | Corebridge Global Funding                                                       | CUSIP: 00138CBB3<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |  14500000 | PA      | $14661327.44  | 0.13%             | 2027-08-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| AEGON FUNDING CO LLC           | AEGON Funding Co LLC                                                            | CUSIP: 00775VAA2<br>LEI: KEIOKM01PSK5VZ5CCI74 | Long             | DBT              | CORP              | US        |  50000000 | PA      | $50874491.50  | 0.45%             | 2027-04-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLEGION US HOLDING CO         | Allegion US Holding Co Inc                                                      | CUSIP: 01748NAE4<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |   3914000 | PA      | $3864947.36   | 0.03%             | 2027-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC          | Aon North America Inc                                                           | CUSIP: 03740MAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14225000 | PA      | $14422612.99  | 0.13%             | 2027-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL                  | ArcelorMittal SA                                                                | CUSIP: 03938LBA1<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |   7500000 | PA      | $7498193.93   | 0.07%             | 2026-03-11      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA               | ArcelorMittal SA                                                                | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |  46171000 | PA      | $48175898.11  | 0.42%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                                         | CUSIP: 041806P61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22010000 | PA      | $21772307.41  | 0.19%             | 2044-08-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust          | Arroyo Mortgage Trust 2019-2                                                    | CUSIP: 042858AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2593235 | PA      | $2523819.40   | 0.02%             | 2049-04-25      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust          | Arroyo Mortgage Trust 2019-3                                                    | CUSIP: 04285AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3521231 | PA      | $3374759.84   | 0.03%             | 2048-10-25      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust          | Arroyo Mortgage Trust 2020-1                                                    | CUSIP: 04285CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1819208 | PA      | $1747019.03   | 0.02%             | 2055-03-25      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC            | Ashtead Capital Inc                                                             | CUSIP: 045054AF0<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |  21744000 | PA      | $21736576.38  | 0.19%             | 2027-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP         | Aviation Capital Group LLC                                                      | CUSIP: 05369AAL5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |  11983000 | PA      | $11709500.97  | 0.10%             | 2026-09-20      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | BBCMS Mortgage Trust 2021-C9                                                    | CUSIP: 05493EAW2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13500000 | PA      | $12858119.55  | 0.11%             | 2054-02-15      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| BPCE SA                        | BPCE SA                                                                         | CUSIP: 05583JAK8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   2432000 | PA      | $2374029.19   | 0.02%             | 2027-10-19      | Variable      | 2.04%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL               | Bank of Montreal                                                                | CUSIP: 06368L3K0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   9375000 | PA      | $9581043.00   | 0.08%             | 2027-06-04      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON        | Bank of New York Mellon/The                                                     | CUSIP: 06405LAH4<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |  21700000 | PA      | $22056442.90  | 0.19%             | 2029-04-20      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC           | Bayer US Finance LLC                                                            | CUSIP: 07274EAH6<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10172867.70  | 0.09%             | 2026-11-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BROCKTON MA                    | City of Brockton MA                                                             | CUSIP: 111746AL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8950000 | PA      | $9102391.65   | 0.08%             | 2027-08-01      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC              | Brown & Brown Inc                                                               | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   5700000 | PA      | $5754420.86   | 0.05%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP         | Bunge Ltd Finance Corp                                                          | CUSIP: 120568BM1<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   7625000 | PA      | $7711714.78   | 0.07%             | 2027-04-21      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                 | Air Lease Corp                                                                  | CUSIP: 00914AAM4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1679000 | PA      | $1644084.88   | 0.01%             | 2026-08-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trus | CFCRE Commercial Mortgage Trust 2016-C7                                         | CUSIP: 12532BAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2720271.13   | 0.02%             | 2054-12-10      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| CFCRE Commercial Mortgage Trus | CFCRE Commercial Mortgage Trust 2017-C8                                         | CUSIP: 12532CBA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  40867000 | PA      | $40308728.17  | 0.35%             | 2050-06-15      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| CIM Trust                      | CIM Trust 2023-R4                                                               | CUSIP: 12569UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22672323 | PA      | $22655509.32  | 0.20%             | 2062-05-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2017-COR2 Mortgage Trust                                                   | CUSIP: 12595EAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16289000 | PA      | $15960473.67  | 0.14%             | 2050-09-10      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T | Alternative Loan Trust 2006-28CB                                                | CUSIP: 02147TAS5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    387429 | PA      | $179717.60    | 0.00%             | 2036-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BPCE SA                        | BPCE SA                                                                         | CUSIP: 05583JAC6<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  30602000 | PA      | $30079254.49  | 0.26%             | 2027-10-23      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL         | Banque Federative du Credit Mutuel SA                                           | CUSIP: 06675DCM2<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |  28700000 | PA      | $29325959.63  | 0.26%             | 2028-02-16      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| AKER BP ASA                    | Aker BP ASA                                                                     | CUSIP: 00973RAL7<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |  32255000 | PA      | $33259605.20  | 0.29%             | 2028-06-13      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CVS PASS-THROUGH TRUST         | CVS Pass-Through Trust                                                          | CUSIP: 126650BC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2495621 | PA      | $2514628.89   | 0.02%             | 2028-01-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048V2V9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000775.50   | 0.04%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE | California Municipal Finance Authority                                          | CUSIP: 13048V2W7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |  10050000 | PA      | $10088807.07  | 0.09%             | 2029-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC               | Berry Global Inc                                                                | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |  16369000 | PA      | $16371308.03  | 0.14%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CCL INDUSTRIES INC             | CCL Industries Inc                                                              | CUSIP: 124900AB7<br>LEI: 549300TD3EMSRRC0YH75 | Long             | DBT              | CORP              | CA        |   5780000 | PA      | $5706396.15   | 0.05%             | 2026-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK         | Canadian Imperial Bank of Commerce                                              | CUSIP: 13607L8C0<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |  50000000 | PA      | $50996952.50  | 0.45%             | 2027-06-28      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES        | Canadian Natural Resources Ltd                                                  | CUSIP: 136385AX9<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |   6092000 | PA      | $6051680.59   | 0.05%             | 2027-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| CVS PASS-THROUGH TRUST         | CVS Pass-Through Trust                                                          | CUSIP: 126650BP4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18865076 | PA      | $19257122.57  | 0.17%             | 2028-12-10      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| CVS PASS-THROUGH TRUST         | CVS Pass-Through Trust                                                          | CUSIP: 126650BQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5453913 | PA      | $5698712.00   | 0.05%             | 2030-01-10      | Fixed         | 6.94%                 | No            |                  2 | On Loan: No      |
| CANTOR FITZGERALD LP           | Cantor Fitzgerald LP                                                            | CUSIP: 138616AK3<br>LEI: 549300RLUEEVQEMX0450 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14880606.75  | 0.13%             | 2027-04-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                   | Centene Corp                                                                    | CUSIP: 15135BAR2<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |  40757000 | PA      | $40024081.13  | 0.35%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                   | Centene Corp                                                                    | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $13938494.40  | 0.12%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI       | Charles River Laboratories International Inc                                    | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8802468.90   | 0.08%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DXC TECHNOLOGY CO              | DXC Technology Co                                                               | CUSIP: 23355LAM8<br>LEI: 549300DOVZ3EDJB7O259 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4712476.60   | 0.04%             | 2028-09-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                | Danske Bank A/S                                                                 | CUSIP: 23636ABG5<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   5000000 | PA      | $5085176.80   | 0.04%             | 2028-03-01      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2016-P6                                     | CUSIP: 17291EAW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6467000 | PA      | $6320532.15   | 0.06%             | 2049-12-10      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2016-C3                                     | CUSIP: 17325GAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    157230 | PA      | $156642.74    | 0.00%             | 2049-11-15      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA             | Credit Agricole SA                                                              | CUSIP: 22535WAP2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   8600000 | PA      | $8764981.88   | 0.08%             | 2029-01-09      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                    | CUSIP: 225401AV0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  22300000 | PA      | $23170524.88  | 0.20%             | 2028-08-11      | Variable      | 6.44%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA       | Electricite de France SA                                                        | CUSIP: 268317AU8<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |  21750000 | PA      | $21857206.84  | 0.19%             | 2028-09-21      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT       | Element Fleet Management Corp                                                   | CUSIP: 286181AM4<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |  20000000 | PA      | $20377175.40  | 0.18%             | 2027-03-13      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2017-P7                                     | CUSIP: 17325HBN3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8852062 | PA      | $8761718.81   | 0.08%             | 2050-04-14      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                                   | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  45000000 | PA      | $45579608.55  | 0.40%             | 2029-03-04      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                | Concentrix Corp                                                                 | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |  45900000 | PA      | $46582194.72  | 0.41%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| DLLAD LLC                      | Dllad 2024-1 LLC                                                                | CUSIP: 23346MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  41447000 | PA      | $42323595.76  | 0.37%             | 2029-07-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| ESSENTIAL UTILITIES INC        | Essential Utilities Inc                                                         | CUSIP: 29670GAJ1<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |  25400000 | PA      | $25686325.06  | 0.23%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP         | Extra Space Storage LP                                                          | CUSIP: 30225VAM9<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |  34960000 | PA      | $34730190.79  | 0.30%             | 2027-12-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust           | FirstKey Homes 2020-SFR2 Trust                                                  | CUSIP: 33767JAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  26883261 | PA      | $26757769.94  | 0.23%             | 2037-10-19      | Fixed         | 1.27%                 | No            |                  2 | On Loan: No      |
| GCAT                           | GCAT 2022-CM1 Trust                                                             | CUSIP: 36168XAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  20965306 | PA      | $19756947.56  | 0.17%             | 2066-12-27      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15175600.35  | 0.13%             | 2028-04-23      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10011667.70  | 0.09%             | 2029-05-01      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| GRAY OAK PIPELINE LLC          | Gray Oak Pipeline LLC                                                           | CUSIP: 38937LAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17173000 | PA      | $16928436.90  | 0.15%             | 2027-10-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                               | CUSIP: 404280EF2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   7000000 | PA      | $7147004.06   | 0.06%             | 2028-05-17      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| FERGUSON FINANCE PLC           | Ferguson Finance PLC                                                            | CUSIP: 314890AC8<br>LEI: 2138003A7ZEU931DZL61 | Long             | DBT              | CORP              | GB        |   3100000 | PA      | $3097404.90   | 0.03%             | 2027-04-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F | Ford Credit Auto Owner Trust 2022-REV1                                          | CUSIP: 34528EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  45175000 | PA      | $45083358.00  | 0.40%             | 2034-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FRESENIUS MED CARE III         | Fresenius Medical Care US Finance III Inc                                       | CUSIP: 35805BAC2<br>LEI: 5299006ZHLMXOOUVTU44 | Long             | DBT              | CORP              | US        |  25307000 | PA      | $24513307.69  | 0.21%             | 2026-12-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| GCAT                           | GCAT 2025-NQM3 Trust                                                            | CUSIP: 36171MAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  26486922 | PA      | $26718653.48  | 0.23%             | 2070-05-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA         | Daimler Truck Finance North America LLC                                         | CUSIP: 233853BG4<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  22275000 | PA      | $22330220.17  | 0.20%             | 2027-08-12      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC         | Diamondback Energy Inc                                                          | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   7300000 | PA      | $7404788.51   | 0.06%             | 2027-04-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC          | Amrize Finance US LLC                                                           | CUSIP: 43475RAB2<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20233420.20  | 0.18%             | 2028-04-07      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ICON INVESTMENTS SIX DAC       | Icon Investments Six DAC                                                        | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |  20000000 | PA      | $20405327.60  | 0.18%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC       | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBL6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  14911000 | PA      | $14705973.75  | 0.13%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                                | CUSIP: 60416TSV1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1444063.52   | 0.01%             | 2047-01-01      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV           | Enel Finance International NV                                                   | CUSIP: 29278GAF5<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |  24042000 | PA      | $23603733.57  | 0.21%             | 2028-04-06      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor | JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP2                   | CUSIP: 46590MAR1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2065000 | PA      | $2040148.14   | 0.02%             | 2049-08-15      | Fixed         | 2.82%                 | No            |                  2 | On Loan: No      |
| MOLEX ELECTRONICS TECH         | Molex Electronic Technologies LLC                                               | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |  32740000 | PA      | $33060699.43  | 0.29%             | 2028-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2017-H1                                          | CUSIP: 61691JAV6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7752450 | PA      | $7649520.72   | 0.07%             | 2050-06-15      | Fixed         | 3.53%                 | No            |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes | Chase Auto Credit Linked Notes Series 2025-1                                    | CUSIP: 46591HCS7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13704339 | PA      | $13761494.79  | 0.12%             | 2033-02-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JABIL INC                      | Jabil Inc                                                                       | CUSIP: 466313AM5<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   8345000 | PA      | $8345680.62   | 0.07%             | 2027-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Secu | JPMDB Commercial Mortgage Securities Trust 2016-C4                              | CUSIP: 46646RAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  15165000 | PA      | $14892137.67  | 0.13%             | 2049-12-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC           | Keurig Dr Pepper Inc                                                            | CUSIP: 49271VAT7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   4758000 | PA      | $4843281.25   | 0.04%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                                | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30565600.50  | 0.27%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| MANUF & TRADERS TRUST CO       | Manufacturers & Traders Trust Co                                                | CUSIP: 564760CC8<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |  26500000 | PA      | $26755273.71  | 0.23%             | 2028-07-06      | Variable      | 4.76%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2023-NQM9 Trust                                                             | CUSIP: 673921AA0<br>LEI: 2549007JKD4UEFDCFB08 | Long             | ABS-MBS          | CORP              | US        |   6195412 | PA      | $6298833.32   | 0.06%             | 2063-10-25      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2025-NQM14 Trust                                                            | CUSIP: 673924AC0<br>LEI: 254900T4WKE0IYMYAI09 | Long             | ABS-MBS          | CORP              | US        |  32708524 | PA      | $32928436.54  | 0.29%             | 2065-07-25      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.            | PFS Financing Corp                                                              | CUSIP: 69335PFJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10184986.00  | 0.09%             | 2029-04-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| PREMIER HEALTH PARTNERS        | Premier Health Partners                                                         | CUSIP: 74052BAA5<br>LEI: 549300KETC002I82TF46 | Long             | DBT              | CORP              | US        |   1954000 | PA      | $1925212.73   | 0.02%             | 2026-11-15      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Trust 2017-GS6                                           | CUSIP: 36253PAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8042760 | PA      | $7921282.96   | 0.07%             | 2050-05-10      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                                         | CUSIP: 44891ADB0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5077103.25   | 0.04%             | 2027-06-24      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC                   | Illumina Inc                                                                    | CUSIP: 452327AQ2<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |  15375000 | PA      | $15445421.65  | 0.14%             | 2026-09-09      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                   | ING Groep NV                                                                    | CUSIP: 456837BB8<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   4988000 | PA      | $4973134.11   | 0.04%             | 2028-03-28      | Variable      | 4.02%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GLOBAL       | Sammons Financial Group Global Funding                                          | CUSIP: 79587J2B8<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |  40000000 | PA      | $40677380.40  | 0.36%             | 2028-01-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS       | Santander UK Group Holdings PLC                                                 | CUSIP: 80281LAR6<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $4883585.25   | 0.04%             | 2028-01-11      | Variable      | 2.47%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C28                     | CUSIP: 61766LBS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  28125000 | PA      | $28014932.81  | 0.25%             | 2049-01-15      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C31                     | CUSIP: 61766RAZ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2800000 | PA      | $2758727.72   | 0.02%             | 2049-11-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Secu | JPMDB Commercial Mortgage Securities Trust 2017-C5                              | CUSIP: 46590TAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13410000 | PA      | $13211943.69  | 0.12%             | 2050-03-15      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2014-C25                             | CUSIP: 46643PBE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1108031 | PA      | $1095510.40   | 0.01%             | 2047-11-15      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor | JP Morgan Chase Commercial Mortgage Securities Trust 2016-JP4                   | CUSIP: 46645UAT4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8950000 | PA      | $8856137.77   | 0.08%             | 2049-12-15      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10085440.80  | 0.09%             | 2028-10-22      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS       | South Bow USA Infrastructure Holdings LLC                                       | CUSIP: 83007CAB8<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |  37280000 | PA      | $37599138.42  | 0.33%             | 2027-09-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                 | Solventum Corp                                                                  | CUSIP: 83444MAN1<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |   8588000 | PA      | $8727354.81   | 0.08%             | 2027-02-25      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRL PA GEN AUTH REVENU | General Authority of Southcentral Pennsylvania                                  | CUSIP: 84129NMP1<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   6855000 | PA      | $6843870.91   | 0.06%             | 2050-05-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC          | Stellantis Finance US Inc                                                       | CUSIP: 85855CAA8<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |  21379000 | PA      | $20593470.76  | 0.18%             | 2027-01-29      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2020-4                                                | CUSIP: 89179JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  22630363 | PA      | $20616255.84  | 0.18%             | 2060-10-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY        | Nationwide Building Society                                                     | CUSIP: 63861VAM9<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |  19000000 | PA      | $19155238.36  | 0.17%             | 2029-07-14      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC              | NatWest Group PLC                                                               | CUSIP: 639057AL2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |  10000000 | PA      | $10185672.20  | 0.09%             | 2028-03-01      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH MT | New Jersey Economic Development Authority                                       | CUSIP: 64578JAQ9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    560000 | PA      | $565739.78    | 0.00%             | 2026-07-01      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2019-RPL3                                   | CUSIP: 64830NAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  25762757 | PA      | $24879305.68  | 0.22%             | 2059-07-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA       | Cooperatieve Rabobank UA                                                        | CUSIP: 74977RDN1<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |  48768000 | PA      | $48407977.56  | 0.42%             | 2028-04-06      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA       | Cooperatieve Rabobank UA                                                        | CUSIP: 74977RDR2<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   2500000 | PA      | $2520974.48   | 0.02%             | 2028-08-22      | Variable      | 4.66%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC              | NatWest Group PLC                                                               | CUSIP: 780097BG5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |  24000000 | PA      | $24377142.96  | 0.21%             | 2029-05-18      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC         | Standard Chartered PLC                                                          | CUSIP: 853254CG3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $4891313.25   | 0.04%             | 2028-01-12      | Variable      | 2.61%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FINANCIAL SER       | Stellantis Financial Services US Corp                                           | CUSIP: 85855FAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14750000 | PA      | $14746109.69  | 0.13%             | 2028-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwrit | Stellantis Financial Underwritten Enhanced Lease Trust 2025-B                   | CUSIP: 858933AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  25425000 | PA      | $25549735.05  | 0.22%             | 2029-01-22      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB       | Svenska Handelsbanken AB                                                        | CUSIP: 86959LAP8<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   3555000 | PA      | $3683219.50   | 0.03%             | 2028-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                 | TD SYNNEX Corp                                                                  | CUSIP: 87162WAF7<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |  25385000 | PA      | $24818467.72  | 0.22%             | 2026-08-09      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL            | Synchrony Financial                                                             | CUSIP: 87165BAM5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |  42500000 | PA      | $42013044.35  | 0.37%             | 2027-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TN GAS REVENUE   | Tennergy Corp/TN                                                                | CUSIP: 880397CM4<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    800000 | PA      | $813324.88    | 0.01%             | 2027-06-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2017-4                                                | CUSIP: 89173UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5333438 | PA      | $5224550.77   | 0.05%             | 2057-06-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2017-6                                                | CUSIP: 89175JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11523459 | PA      | $11343725.28  | 0.10%             | 2057-10-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2018-6                                                | CUSIP: 89176LAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    765859 | PA      | $760512.30    | 0.01%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2019-4                                                | CUSIP: 89178BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4436224 | PA      | $4263142.96   | 0.04%             | 2059-10-25      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2020-MH1                                              | CUSIP: 89178YAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4731819 | PA      | $4638334.56   | 0.04%             | 2060-02-25      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust  | UBS Commercial Mortgage Trust 2018-C11                                          | CUSIP: 90276XAV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3625000 | PA      | $3607674.31   | 0.03%             | 2051-06-15      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668CP5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   8775000 | PA      | $8889640.46   | 0.08%             | 2028-03-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                   | Vontier Corp                                                                    | CUSIP: 928881AD3<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |   6631000 | PA      | $6307781.39   | 0.06%             | 2028-04-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2016-C34                                  | CUSIP: 95000DBD2<br>LEI: 549300FWFHJGIW2B2U59 | Long             | ABS-MBS          | CORP              | US        |   5260000 | PA      | $5200737.16   | 0.05%             | 2049-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2017-C40                                  | CUSIP: 95000YAY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6600000 | PA      | $6508892.28   | 0.06%             | 2050-10-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA             | Banco Santander SA                                                              | CUSIP: 05964HBF1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   5000000 | PA      | $5101321.00   | 0.04%             | 2028-07-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus | CSAIL 2016-C5 Commercial Mortgage Trust                                         | CUSIP: 12636LAY6<br>LEI: 549300FU8TZDHFLQZL50 | Long             | ABS-MBS          | CORP              | US        |   1254156 | PA      | $1249847.50   | 0.01%             | 2048-11-15      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                | CVS Health Corp                                                                 | CUSIP: 126650CX6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |  26434000 | PA      | $26451419.48  | 0.23%             | 2028-03-25      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                                         | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10075390.50  | 0.09%             | 2027-03-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15170128.20  | 0.13%             | 2028-01-23      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor | JPMCC Commercial Mortgage Securities Trust 2017-JP5                             | CUSIP: 46647TAS7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11138000 | PA      | $11030692.05  | 0.10%             | 2050-03-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| KBC GROUP NV                   | KBC Group NV                                                                    | CUSIP: 48241FAB0<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |  41951000 | PA      | $43337398.33  | 0.38%             | 2029-01-19      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| KOREA NATIONAL OIL CORP        | Korea National Oil Corp                                                         | CUSIP: 50065LAJ9<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | CORP              | KR        |  20000000 | PA      | $19997452.80  | 0.18%             | 2027-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MAREX GROUP PLC                | Marex Group PLC                                                                 | CUSIP: 566539AB8<br>LEI: 549300DWX0SVICJAL507 | Long             | DBT              | CORP              | GB        |  25000000 | PA      | $25362868.25  | 0.22%             | 2028-05-08      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| METRO DETROIT HOSPITAL         | Metropolitan Detroit Area Hospital Services Inc                                 | CUSIP: 591863AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4260000 | PA      | $4199619.27   | 0.04%             | 2029-12-01      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC       | Microchip Technology Inc                                                        | CUSIP: 595017BK9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |  29796000 | PA      | $30233287.29  | 0.26%             | 2028-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YFD2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11259946.83  | 0.10%             | 2029-04-20      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25559811.00  | 0.22%             | 2028-04-13      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2016-C30                     | CUSIP: 61766NAY1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     93141 | PA      | $92966.40     | 0.00%             | 2049-09-15      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| NGPL PIPECO LLC                | NGPL PipeCo LLC                                                                 | CUSIP: 62912XAF1<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |   6460000 | PA      | $6475728.81   | 0.06%             | 2027-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP               | NTT Finance Corp                                                                | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |  17950000 | PA      | $18127491.75  | 0.16%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO           | National Fuel Gas Co                                                            | CUSIP: 636180BS9<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |  18750000 | PA      | $18948082.31  | 0.17%             | 2026-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY        | Nationwide Building Society                                                     | CUSIP: 63861VAB3<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $2997160.05   | 0.03%             | 2029-03-08      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2021-A                                | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5777065 | PA      | $5285092.01   | 0.05%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust      | Nelnet Student Loan Trust 2021-B                                                | CUSIP: 64034QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6062550 | PA      | $5734538.18   | 0.05%             | 2062-04-20      | Fixed         | 1.42%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR       | Occidental Petroleum Corp                                                       | CUSIP: 674599CM5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   5920000 | PA      | $5790994.32   | 0.05%             | 2027-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR       | Occidental Petroleum Corp                                                       | CUSIP: 674599DZ5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |  25440000 | PA      | $26679309.60  | 0.23%             | 2027-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR       | Occidental Petroleum Corp                                                       | CUSIP: 674599EH4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7073290.00   | 0.06%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV               | ABN AMRO Bank NV                                                                | CUSIP: 00084DBD1<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   3000000 | PA      | $3046422.09   | 0.03%             | 2028-12-03      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                  | AIB Group PLC                                                                   | CUSIP: 00135TAD6<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |  37724000 | PA      | $40045457.25  | 0.35%             | 2029-09-13      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS             | Advance Auto Parts Inc                                                          | CUSIP: 00751YAF3<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4687103.00   | 0.04%             | 2027-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBC8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  23000000 | PA      | $23830087.48  | 0.21%             | 2028-06-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBG9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  15773000 | PA      | $16266162.25  | 0.14%             | 2027-04-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                  | Aircastle Ltd                                                                   | CUSIP: 00928QAX9<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |  22700000 | PA      | $23854051.20  | 0.21%             | 2028-07-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE         | Alliant Energy Finance LLC                                                      | CUSIP: 01882YAE6<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |   6450000 | PA      | $6749094.76   | 0.06%             | 2029-03-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL         | Anglo American Capital PLC                                                      | CUSIP: 034863AU4<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |  42000000 | PA      | $42235665.36  | 0.37%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP         | Aviation Capital Group LLC                                                      | CUSIP: 05369AAN1<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5212215.45   | 0.05%             | 2028-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                                                  | CUSIP: 05581KAC5<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1300000 | PA      | $1304739.16   | 0.01%             | 2027-03-13      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA             | Banco Santander SA                                                              | CUSIP: 05964HAQ8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |  15000000 | PA      | $14977574.55  | 0.13%             | 2028-03-24      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP          | Bank of Ireland Group PLC                                                       | CUSIP: 06279JAB5<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |  32751000 | PA      | $32006833.74  | 0.28%             | 2027-09-30      | Variable      | 2.03%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP          | Bank of Ireland Group PLC                                                       | CUSIP: 06279JAD1<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |  23400000 | PA      | $24267070.62  | 0.21%             | 2030-03-20      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA            | Bank of Nova Scotia/The                                                         | CUSIP: 06418GAL1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  47225000 | PA      | $47470271.07  | 0.42%             | 2028-09-08      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| BAYPORT POLYMERS LLC           | Bayport Polymers LLC                                                            | CUSIP: 073096AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2507790.90   | 0.02%             | 2027-04-14      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S | BBCMS MORTGAGE TRUST 2017-C1                                                    | CUSIP: 07332VBD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6699000 | PA      | $6607917.72   | 0.06%             | 2050-02-15      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| BGC GROUP INC                  | BGC Group Inc                                                                   | CUSIP: 088929AB0<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |   7083000 | PA      | $7074026.33   | 0.06%             | 2025-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                  | Boeing Co/The                                                                   | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7202423.62   | 0.06%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| BRIGHTHSE FIN GLBL FUND        | Brighthouse Financial Global Funding                                            | CUSIP: 10921U2J6<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30503356.20  | 0.27%             | 2027-04-09      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                                    | CUSIP: 11135FBZ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  45375000 | PA      | $46158730.16  | 0.40%             | 2027-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION GAS CO          | Brooklyn Union Gas Co/The                                                       | CUSIP: 114259AV6<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007118.32   | 0.01%             | 2027-08-05      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| CF INDUSTRIES INC              | CF Industries Inc                                                               | CUSIP: 12527GAH6<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |  31150000 | PA      | $31198975.59  | 0.27%             | 2026-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus | CSAIL 2018-CX12 Commercial Mortgage Trust                                       | CUSIP: 12595XAT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $994718.00    | 0.01%             | 2051-08-15      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2019-RPL1 Trust                                                            | CUSIP: 12596MAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11458353 | PA      | $11278077.11  | 0.10%             | 2058-07-25      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| CVS PASS THRU TR 2009          | CVS Pass-Through Trust Series 2009                                              | CUSIP: 126659AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2244073 | PA      | $2450389.06   | 0.02%             | 2031-07-10      | Fixed         | 8.35%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan T | Alternative Loan Trust 2004-J2                                                  | CUSIP: 12667FEG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     15806 | PA      | $16091.82     | 0.00%             | 2034-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| THE CAMPBELLS COMPANY          | Campbell's Company/The                                                          | CUSIP: 134429BM0<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7108129.07   | 0.06%             | 2027-03-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO       | Capital One Financial Corp                                                      | CUSIP: 14040HCZ6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |  31000000 | PA      | $32519373.55  | 0.28%             | 2029-06-08      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| CAPITAL POWER US HOLDING       | Capital Power US Holdings Inc                                                   | CUSIP: 14041TAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8650000 | PA      | $8814357.87   | 0.08%             | 2028-06-01      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| CENTRL PLAINS ENERGY PROJ NE G | Central Plains Energy Project                                                   | CUSIP: 154872BB0<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1334681.57   | 0.01%             | 2028-08-01      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1526000 | PA      | $1419241.91   | 0.01%             | 2029-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2015-GC31                                   | CUSIP: 17323YAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6927490 | PA      | $6802506.47   | 0.06%             | 2048-06-10      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2016-C3                                     | CUSIP: 17325GAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16564000 | PA      | $16313913.42  | 0.14%             | 2049-11-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust  | Citigroup Mortgage Loan Trust 2018-RP2                                          | CUSIP: 17326UAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2253939 | PA      | $2226193.59   | 0.02%             | 2058-02-25      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp.            | PFS Financing Corp                                                              | CUSIP: 69335PFE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  31741000 | PA      | $32114820.11  | 0.28%             | 2029-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PENN-AMER WATER CO             | Pennsylvania-American Water Co                                                  | CUSIP: 708653AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8170387.52   | 0.07%             | 2026-09-01      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| CLEVELAND ELECTRIC ILLUM       | Cleveland Electric Illuminating Co/The                                          | CUSIP: 186108CK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14932000 | PA      | $14664906.39  | 0.13%             | 2028-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING             | CNO Global Funding                                                              | CUSIP: 18977W2G4<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   8500000 | PA      | $8609821.62   | 0.08%             | 2027-12-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT             | UBS AG/Stamford CT                                                              | CUSIP: 22550L2M2<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |  14000000 | PA      | $15073146.48  | 0.13%             | 2028-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                  | DTE Energy Co                                                                   | CUSIP: 233331BJ5<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |  10367000 | PA      | $10546638.34  | 0.09%             | 2028-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DXC TECHNOLOGY CO              | DXC Technology Co                                                               | CUSIP: 23355LAL0<br>LEI: 549300DOVZ3EDJB7O259 | Long             | DBT              | CORP              | US        |  51950000 | PA      | $50713789.49  | 0.44%             | 2026-09-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                | Danske Bank A/S                                                                 | CUSIP: 23636ABC4<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1392000 | PA      | $1393292.19   | 0.01%             | 2028-04-01      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY               | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  20057000 | PA      | $19618200.58  | 0.17%             | 2027-11-16      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY               | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CS6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  11500000 | PA      | $12076599.19  | 0.11%             | 2029-01-18      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE NA                 | Capital One NA                                                                  | CUSIP: 25466AAN1<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |  16000000 | PA      | $16567623.20  | 0.15%             | 2028-08-09      | Variable      | 5.97%                 | No            |                  2 | On Loan: No      |
| EDWARDS LIFESCIENCES COR       | Edwards Lifesciences Corp                                                       | CUSIP: 28176EAD0<br>LEI: YA13X31F3V31L8TMPR58 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15052179.90  | 0.13%             | 2028-06-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                   | Enbridge Inc                                                                    | CUSIP: 29250NCH6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $4046981.60   | 0.04%             | 2028-06-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL          | Evergy Kansas Central Inc                                                       | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |   9850000 | PA      | $9970306.32   | 0.09%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| FMC CORP                       | FMC Corp                                                                        | CUSIP: 302491AT2<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |   4550000 | PA      | $4499632.50   | 0.04%             | 2026-10-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS         | Federation des Caisses Desjardins du Quebec                                     | CUSIP: 31429KAH6<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |  12700000 | PA      | $12827829.56  | 0.11%             | 2027-08-23      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FELLS POINT FUNDING TR         | Fells Point Funding Trust                                                       | CUSIP: 314382AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  35209000 | PA      | $34638554.70  | 0.30%             | 2027-01-31      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| FERGUSON FINANCE PLC           | Ferguson Finance PLC                                                            | CUSIP: 314890AA2<br>LEI: 2138003A7ZEU931DZL61 | Long             | DBT              | CORP              | GB        |  39145000 | PA      | $39345248.99  | 0.34%             | 2028-10-24      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANK NA            | Fifth Third Bank NA                                                             | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |  28500000 | PA      | $28787719.47  | 0.25%             | 2028-01-28      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust           | FirstKey Homes 2022-SFR3 Trust                                                  | CUSIP: 33768EAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6378175 | PA      | $6357427.61   | 0.06%             | 2038-07-17      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust           | FirstKey Homes 2022-SFR1 Trust                                                  | CUSIP: 33768NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3068398 | PA      | $3056234.50   | 0.03%             | 2039-05-19      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                        | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  21000000 | PA      | $21212442.09  | 0.19%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                        | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3610800.99   | 0.03%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC           | Freeport-McMoRan Inc                                                            | CUSIP: 35671DCE3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |  11640000 | PA      | $11572019.14  | 0.10%             | 2028-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599AX2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1822318.11   | 0.02%             | 2027-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ROLLS-ROYCE PLC                | Rolls-Royce PLC                                                                 | CUSIP: 77578JAC2<br>LEI: X57JK1U580XATGR67572 | Long             | DBT              | CORP              | GB        |  28020000 | PA      | $28783470.75  | 0.25%             | 2027-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                                 | CUSIP: 37045XFE1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15241131.75  | 0.13%             | 2028-04-04      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC           | Glencore Funding LLC                                                            | CUSIP: 378272BR8<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |  29875000 | PA      | $30333632.34  | 0.27%             | 2027-04-04      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES        | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |  23000000 | PA      | $23447641.18  | 0.21%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI       | SMBC Aviation Capital Finance DAC                                               | CUSIP: 78448TAF9<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |  27410000 | PA      | $26000519.14  | 0.23%             | 2028-06-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS       | Santander UK Group Holdings PLC                                                 | CUSIP: 80281LAG0<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $2474722.98   | 0.02%             | 2028-11-03      | Variable      | 3.82%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE               | Societe Generale SA                                                             | CUSIP: 83368RBR2<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $2082306.20   | 0.02%             | 2029-01-10      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC           | Glencore Funding LLC                                                            | CUSIP: 378272BY3<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10157470.70  | 0.09%             | 2028-04-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GWV2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  35000000 | PA      | $34701600.15  | 0.30%             | 2029-04-23      | Variable      | 3.81%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE               | Societe Generale SA                                                             | CUSIP: 83368RCC4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $5105322.35   | 0.04%             | 2029-04-13      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO             | Sonoco Products Co                                                              | CUSIP: 835495AN2<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |   4211000 | PA      | $4101691.49   | 0.04%             | 2027-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRL PA GEN AUTH REVENU | General Authority of Southcentral Pennsylvania                                  | CUSIP: 84129NMN6<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4758196.60   | 0.04%             | 2050-05-01      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC         | Standard Chartered PLC                                                          | CUSIP: 853254CW8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |  42675000 | PA      | $43976966.45  | 0.39%             | 2028-02-08      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBZ1<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14983041.30  | 0.13%             | 2028-09-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| HEXCEL CORP                    | Hexcel Corp                                                                     | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |  40161000 | PA      | $39989314.94  | 0.35%             | 2027-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV               | ABN AMRO Bank NV                                                                | CUSIP: 00084DAL4<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |  12400000 | PA      | $12417967.10  | 0.11%             | 2026-04-18      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MAR6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   7300000 | PA      | $7354689.12   | 0.06%             | 2027-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   5000000 | PA      | $5107162.10   | 0.04%             | 2027-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                 | Air Lease Corp                                                                  | CUSIP: 00914AAT9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   2668000 | PA      | $2748064.44   | 0.02%             | 2027-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC          | Stellantis Finance US Inc                                                       | CUSIP: 85855CAM2<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10126342.00  | 0.09%             | 2028-03-17      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT       | Sumitomo Mitsui Trust Bank Ltd                                                  | CUSIP: 86563VBT5<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |  18150000 | PA      | $18281946.33  | 0.16%             | 2027-09-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY BANK                 | Synchrony Bank                                                                  | CUSIP: 87166FAE3<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |  10367000 | PA      | $10585456.85  | 0.09%             | 2027-08-23      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2020-MH1                                              | CUSIP: 89178YAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3042791 | PA      | $2981416.29   | 0.03%             | 2060-02-25      | Variable      | 2.18%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust  | UBS Commercial Mortgage Trust 2018-C8                                           | CUSIP: 90276VAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4945264.00   | 0.04%             | 2051-02-15      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CKV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 340900000 | PA      | $346319778.20 | 3.03%             | 2027-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC             | Ally Financial Inc                                                              | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20471684.60  | 0.18%             | 2029-05-15      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM       | Amcor Flexibles North America Inc                                               | CUSIP: 02344AAF5<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |  17400000 | PA      | $17595086.54  | 0.15%             | 2028-03-17      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL         | Anglo American Capital PLC                                                      | CUSIP: 034863AR1<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |   8390000 | PA      | $8451193.22   | 0.07%             | 2027-04-10      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| APA CORP                       | APA Corp                                                                        | CUSIP: 03743QAX6<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |   9783000 | PA      | $9537099.01   | 0.08%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Arroyo Mortgage Trust          | Arroyo Mortgage Trust 2022-1                                                    | CUSIP: 042855AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8238177 | PA      | $7946504.48   | 0.07%             | 2056-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| AUSGRID FINANCE PTY LTD        | Ausgrid Finance Pty Ltd                                                         | CUSIP: 052113AB3<br>LEI: 549300DN8D7YR73BKB57 | Long             | DBT              | CORP              | AU        |  21876000 | PA      | $21976657.60  | 0.19%             | 2028-08-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| HUBBELL INC                    | Hubbell Inc                                                                     | CUSIP: 443510AJ1<br>LEI: 54930088VDQ6840Y6597 | Long             | DBT              | CORP              | US        |  17421000 | PA      | $17181286.34  | 0.15%             | 2028-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                                         | CUSIP: 44891ADV6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20283321.60  | 0.18%             | 2028-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP         | Aviation Capital Group LLC                                                      | CUSIP: 05369AAA9<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |  20035000 | PA      | $19676253.49  | 0.17%             | 2027-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC             | BMW US Capital LLC                                                              | CUSIP: 05565ECQ6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25212907.25  | 0.22%             | 2027-08-13      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CNU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 260925000 | PA      | $260925000.00 | 2.29%             | 2028-08-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UTAH ST HSG CORP SF MTGE REVEN | Utah Housing Corp                                                               | CUSIP: 9174368L4<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2310643.61   | 0.02%             | 2050-01-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES       | International Flavors & Fragrances Inc                                          | CUSIP: 459506AP6<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |  34255000 | PA      | $32589503.74  | 0.29%             | 2027-10-15      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor | JPMCC Commercial Mortgage Securities Trust 2017-JP7                             | CUSIP: 465968AE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9450000 | PA      | $9276169.14   | 0.08%             | 2050-09-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25144000 | PA      | $25457804.16  | 0.22%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE         | VICI Properties LP / VICI Note Co Inc                                           | CUSIP: 92564RAK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14575000 | PA      | $14544986.87  | 0.13%             | 2028-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BPCE SA                        | BPCE SA                                                                         | CUSIP: 05571AAQ8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |  15000000 | PA      | $15339190.80  | 0.13%             | 2027-10-19      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| BPCE SA                        | BPCE SA                                                                         | CUSIP: 05571AAR6<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   3125000 | PA      | $3317497.44   | 0.03%             | 2029-10-19      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668BV3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  35000000 | PA      | $35454218.10  | 0.31%             | 2026-09-12      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668CL4<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12107241.12  | 0.11%             | 2027-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Cer | WaMu Mortgage Pass-Through Certificates Series 2004-AR3 Trust                   | CUSIP: 92922FNH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    957735 | PA      | $907867.50    | 0.01%             | 2034-06-25      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP           | Western Digital Corp                                                            | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |  11176000 | PA      | $11169476.57  | 0.10%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GHG7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24878450.75  | 0.22%             | 2029-03-05      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GKP3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  15069000 | PA      | $15123308.07  | 0.13%             | 2028-04-27      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL       | Jackson National Life Global Funding                                            | CUSIP: 46849LVC2<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5040893.80   | 0.04%             | 2027-01-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| KEYSPAN GAS EAST CORP          | KeySpan Gas East Corp                                                           | CUSIP: 49338CAB9<br>LEI: K8TS3HOE1568DUBUJL44 | Long             | DBT              | CORP              | US        |  21525000 | PA      | $21245518.97  | 0.19%             | 2026-08-15      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| LKQ CORP                       | LKQ Corp                                                                        | CUSIP: 501889AD1<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |  54425000 | PA      | $56253729.53  | 0.49%             | 2028-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION               | LG Energy Solution Ltd                                                          | CUSIP: 50205MAC3<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |  30000000 | PA      | $30450813.30  | 0.27%             | 2027-07-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                                    | CUSIP: 06738ECX1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  23750000 | PA      | $24176608.66  | 0.21%             | 2029-02-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2018-B1 Mortgage Trust                                                | CUSIP: 08162PAX9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3975000 | PA      | $3915411.57   | 0.03%             | 2051-01-15      | Variable      | 3.67%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                     | MFA 2022-INV3 Trust                                                             | CUSIP: 55284PAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14506972 | PA      | $14333639.69  | 0.13%             | 2066-12-25      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD            | Macquarie Group Ltd                                                             | CUSIP: 55607PAF2<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |  25000000 | PA      | $24364212.00  | 0.21%             | 2027-09-23      | Variable      | 1.63%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                                                  | CUSIP: 09659W2C7<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $4926601.75   | 0.04%             | 2027-11-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                                                  | CUSIP: 09659W2T0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  10300000 | PA      | $10077675.94  | 0.09%             | 2028-01-20      | Variable      | 2.59%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                                                  | CUSIP: 09659W3C6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |  42000000 | PA      | $42391153.56  | 0.37%             | 2029-05-09      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC       | Celanese US Holdings LLC                                                        | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |  21721000 | PA      | $22279466.24  | 0.20%             | 2027-07-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                     | MasTec Inc                                                                      | CUSIP: 576323AP4<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |  16311000 | PA      | $16267232.04  | 0.14%             | 2028-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LYB FINANCE CO BV              | LYB Finance Co BV                                                               | CUSIP: 61238QAA6<br>LEI: 549300BBGA3CFHX0KS75 | Long             | DBT              | CORP              | NL        |   4747000 | PA      | $4974267.80   | 0.04%             | 2027-03-15      | Fixed         | 8.10%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA GLOBAL         | Mutual of Omaha Cos Global Funding                                              | CUSIP: 62829D2D1<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |  23450000 | PA      | $23846971.68  | 0.21%             | 2027-04-09      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MYLAN INC                      | Mylan Inc                                                                       | CUSIP: 628530BK2<br>LEI: 30ZMPDNA1RHIBH89C294 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4183621.13   | 0.04%             | 2028-04-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2019-B                                               | CUSIP: 63941LAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2090126 | PA      | $2054442.79   | 0.02%             | 2059-12-15      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2024-NQM2                                   | CUSIP: 64832BAC9<br>LEI: 213800Z6O4V4V96AU133 | Long             | ABS-MBS          | CORP              | US        |  25536036 | PA      | $25572572.73  | 0.22%             | 2064-09-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  18375000 | PA      | $18290871.90  | 0.16%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY INC            | Cheniere Energy Inc                                                             | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |  46750000 | PA      | $46603841.74  | 0.41%             | 2028-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE        | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 65480CAG0<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |  27225000 | PA      | $27192738.38  | 0.24%             | 2027-09-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| NOMURA HOLDINGS INC            | Nomura Holdings Inc                                                             | CUSIP: 65535HBH1<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |  31200000 | PA      | $32259530.78  | 0.28%             | 2028-01-18      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| NVENT FINANCE SARL             | nVent Finance Sarl                                                              | CUSIP: 67078AAD5<br>LEI: 549300KO1OQ4MVFB6X02 | Long             | DBT              | CORP              | LU        |  11092000 | PA      | $11132354.14  | 0.10%             | 2028-04-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING                  | Owens Corning                                                                   | CUSIP: 690742AN1<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15323890.80  | 0.13%             | 2027-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2017-P8                                     | CUSIP: 17326DAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  39700000 | PA      | $38670420.20  | 0.34%             | 2050-09-15      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING             | CNO Global Funding                                                              | CUSIP: 18977W2H2<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11004612.96  | 0.10%             | 2028-09-08      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2020-RPL1 Trust                                                            | CUSIP: 19687YAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14481974 | PA      | $12574796.32  | 0.11%             | 2065-01-25      | Variable      | 1.39%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO       | Columbia Pipelines Holding Co LLC                                               | CUSIP: 19828AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  34546000 | PA      | $36049111.66  | 0.32%             | 2028-08-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA       | Cooperatieve Rabobank UA                                                        | CUSIP: 74977RDL5<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   7000000 | PA      | $6810489.70   | 0.06%             | 2027-12-15      | Variable      | 1.98%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP             | Regal Rexnord Corp                                                              | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |  25450000 | PA      | $26326298.47  | 0.23%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC             | Conagra Brands Inc                                                              | CUSIP: 205887AR3<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |  21120000 | PA      | $22594922.59  | 0.20%             | 2028-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                | Concentrix Corp                                                                 | CUSIP: 20602DAB7<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7850221.20   | 0.07%             | 2028-08-02      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC               | Ryder System Inc                                                                | CUSIP: 78355HLA5<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |  12350000 | PA      | $12541288.90  | 0.11%             | 2027-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                   | SK Hynix Inc                                                                    | CUSIP: 78392BAJ6<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |  22775000 | PA      | $22764646.03  | 0.20%             | 2028-09-11      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI       | SMBC Aviation Capital Finance DAC                                               | CUSIP: 78448TAG7<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |  18155000 | PA      | $17695913.24  | 0.16%             | 2026-10-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| SMBC AVIATION CAPITAL FI       | SMBC Aviation Capital Finance DAC                                               | CUSIP: 78448TAL6<br>LEI: 549300OD7VKRVNWB2J98 | Long             | DBT              | CORP              | IE        |  12350000 | PA      | $12681621.58  | 0.11%             | 2029-04-03      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS COMPANY         | ConocoPhillips Co                                                               | CUSIP: 20826FBV7<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4721965.69   | 0.04%             | 2027-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC       | Constellation Energy Generation LLC                                             | CUSIP: 210385AB6<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |  17324000 | PA      | $17903714.22  | 0.16%             | 2028-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER HLDGS CORP        | Schlumberger Holdings Corp                                                      | CUSIP: 806851AL5<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |  27775000 | PA      | $28170523.50  | 0.25%             | 2027-05-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                | Sealed Air Corp                                                                 | CUSIP: 81211KAZ3<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |  23240000 | PA      | $22519366.88  | 0.20%             | 2026-10-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                                    | CUSIP: 225401AF5<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  10000000 | PA      | $9916234.40   | 0.09%             | 2029-01-12      | Variable      | 3.87%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP        | Digital Realty Trust LP                                                         | CUSIP: 25389JAV8<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |  30129000 | PA      | $31012772.45  | 0.27%             | 2028-01-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                   | 7-Eleven Inc                                                                    | CUSIP: 817826AD2<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2805075.21   | 0.02%             | 2028-02-10      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC            | Silgan Holdings Inc                                                             | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6889986.25   | 0.06%             | 2026-04-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE               | Societe Generale SA                                                             | CUSIP: 83368RBC5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  10000000 | PA      | $9818507.20   | 0.09%             | 2027-06-09      | Variable      | 1.79%                 | No            |                  2 | On Loan: No      |
| SPRINT CAPITAL CORP            | Sprint Capital Corp                                                             | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |   3647000 | PA      | $3922889.31   | 0.03%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC         | Standard Chartered PLC                                                          | CUSIP: 85325C2D3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   9585000 | PA      | $9818269.57   | 0.09%             | 2029-01-21      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL            | Synchrony Financial                                                             | CUSIP: 87165BAL7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   2266000 | PA      | $2251403.92   | 0.02%             | 2026-08-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| EQT CORP                       | EQT Corp                                                                        | CUSIP: 26884LAQ2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |  10184000 | PA      | $10526385.77  | 0.09%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| EQT CORP                       | EQT Corp                                                                        | CUSIP: 26884LBH1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   5341000 | PA      | $5444964.86   | 0.05%             | 2027-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TEXAS GAS TRANSMISSION         | Texas Gas Transmission LLC                                                      | CUSIP: 882440AN0<br>LEI: 5493007BYWIIO8XE6C79 | Long             | DBT              | CORP              | US        |   5100000 | PA      | $5318066.87   | 0.05%             | 2027-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2018-3                                                | CUSIP: 89175MAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2038413 | PA      | $2004456.85   | 0.02%             | 2058-05-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust  | UBS Commercial Mortgage Trust 2017-C2                                           | CUSIP: 90276CAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2951656.80   | 0.03%             | 2050-08-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust  | UBS Commercial Mortgage Trust 2018-C9                                           | CUSIP: 90291JAW7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10000000 | PA      | $9837632.00   | 0.09%             | 2051-03-15      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CFH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 638625000 | PA      | $632712731.09 | 5.54%             | 2027-08-31      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CMF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 749125000 | PA      | $759337678.79 | 6.65%             | 2028-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT       | Element Fleet Management Corp                                                   | CUSIP: 286181AK8<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |  16000000 | PA      | $16944607.68  | 0.15%             | 2028-12-04      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV           | Enel Finance International NV                                                   | CUSIP: 29278GBF4<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |  20000000 | PA      | $19943599.40  | 0.17%             | 2028-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS          | Universal Health Services Inc                                                   | CUSIP: 913903AZ3<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |   6698000 | PA      | $6539602.55   | 0.06%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                 | Var Energi ASA                                                                  | CUSIP: 92212WAA8<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   6575000 | PA      | $6631518.77   | 0.06%             | 2027-05-18      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust           | Verizon Master Trust                                                            | CUSIP: 92348KDM2<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |  22000000 | PA      | $22280876.20  | 0.20%             | 2030-11-20      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust    | Volkswagen Auto Lease Trust 2025-B                                              | CUSIP: 92868BAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  36550000 | PA      | $36600227.01  | 0.32%             | 2029-01-22      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| EVERNORTH HEALTH INC           | Evernorth Health Inc                                                            | CUSIP: 30219GAN8<br>LEI: 5493003UA6VMND084504 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5417672.81   | 0.05%             | 2027-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Firstkey Homes Trust           | FirstKey Homes 2022-SFR2 Trust                                                  | CUSIP: 33767PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  27507284 | PA      | $27442314.18  | 0.24%             | 2039-07-17      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                       | Flex Ltd                                                                        | CUSIP: 33938XAE5<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |  19734000 | PA      | $20386897.81  | 0.18%             | 2028-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/F | Ford Credit Auto Owner Trust 2023-REV1                                          | CUSIP: 34535QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8670000 | PA      | $8822810.48   | 0.08%             | 2035-08-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                        | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5214944.15   | 0.05%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                                        | CUSIP: 345397ZW6<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  26417000 | PA      | $26394424.82  | 0.23%             | 2026-08-01      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC          | GFL Environmental Inc                                                           | CUSIP: 36168QAM6<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |  36715000 | PA      | $35811561.34  | 0.31%             | 2028-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| General Motors                 | GMF Floorplan Owner Revolving Trust                                             | CUSIP: 361886DA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  23275000 | PA      | $23636951.85  | 0.21%             | 2029-03-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2016-BNK1                                 | CUSIP: 95000GAY0<br>LEI: 549300DNBJ7A0SEFVK31 | Long             | ABS-MBS          | CORP              | US        |  14925000 | PA      | $14686376.12  | 0.13%             | 2049-08-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  31500000 | PA      | $32231899.35  | 0.28%             | 2028-04-22      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| WESTPAC NEW ZEALAND LTD        | Westpac New Zealand Ltd                                                         | CUSIP: 96122FAB3<br>LEI: 549300MW73M5PK1PNG73 | Long             | DBT              | CORP              | NZ        |  25000000 | PA      | $25359712.50  | 0.22%             | 2027-02-26      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| WESTVACO CORP NY               | Westvaco Corp                                                                   | CUSIP: 961548AR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $4012698.38   | 0.04%             | 2027-01-15      | Fixed         | 7.67%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Trust 2016-GS2                                           | CUSIP: 36252TAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5008000 | PA      | $4973697.20   | 0.04%             | 2049-05-10      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Trust 2014-GC22                                          | CUSIP: 36253BAU7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3431151 | PA      | $3320245.28   | 0.03%             | 2047-06-10      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC           | Glencore Funding LLC                                                            | CUSIP: 378272AQ1<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |  12381000 | PA      | $12281312.27  | 0.11%             | 2027-10-27      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC            | Global Payments Inc                                                             | CUSIP: 37940XAG7<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9743780.80   | 0.09%             | 2027-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVAB | GreatAmerica Leasing Receivables Funding LLC Series 2024-2                      | CUSIP: 39154GAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10375000 | PA      | $10536433.96  | 0.09%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                               | CUSIP: 404280BK4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  22494000 | PA      | $22431257.71  | 0.20%             | 2028-03-13      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION       | Hess Midstream Operations LP                                                    | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5096900.25   | 0.04%             | 2028-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP              | Hyatt Hotels Corp                                                               | CUSIP: 448579AU6<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15243527.10  | 0.13%             | 2028-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD           | Woodside Finance Ltd                                                            | CUSIP: 980236AX1<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |  38515000 | PA      | $38993771.49  | 0.34%             | 2028-05-19      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| YARA INTERNATIONAL ASA         | Yara International ASA                                                          | CUSIP: 984851AF2<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | DBT              | CORP              | NO        |   4848000 | PA      | $4888202.52   | 0.04%             | 2028-06-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                      | IQVIA Inc                                                                       | CUSIP: 46266TAC2<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |  32000000 | PA      | $33014400.00  | 0.29%             | 2028-05-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  27200000 | PA      | $27794080.64  | 0.24%             | 2028-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC           | Kyndryl Holdings Inc                                                            | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |  55000000 | PA      | $53718560.50  | 0.47%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION               | LG Energy Solution Ltd                                                          | CUSIP: 50205MAF6<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |  15000000 | PA      | $15279935.70  | 0.13%             | 2028-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                                | CUSIP: 50212YAC8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |  20927000 | PA      | $20888621.35  | 0.18%             | 2027-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                                | CUSIP: 50212YAN4<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3032433.24   | 0.03%             | 2028-04-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MACQUARIE GROUP LTD            | Macquarie Group Ltd                                                             | CUSIP: 55608JBC1<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |  15318000 | PA      | $15267578.96  | 0.13%             | 2028-06-21      | Variable      | 4.10%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD       | Macquarie Airfinance Holdings Ltd                                               | CUSIP: 55609NAF5<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |  20000000 | PA      | $20340789.80  | 0.18%             | 2028-03-27      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST HOSP EQUIPMENT  | Mississippi Hospital Equipment & Facilities Authority                           | CUSIP: 605360SE7<br>LEI: 549300DW2GVUIGE04396 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $7929988.80   | 0.07%             | 2026-09-01      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2016-UBS9                                        | CUSIP: 61766CAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10284000 | PA      | $10231480.64  | 0.09%             | 2049-03-15      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34                     | CUSIP: 61767EAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8030000 | PA      | $7901610.74   | 0.07%             | 2052-11-15      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| UTAH ACQUISITION SUB           | Utah Acquisition Sub Inc                                                        | CUSIP: 62854AAN4<br>LEI: 254900JOFV74IJ7H9933 | Long             | DBT              | CORP              | US        |  27613000 | PA      | $27488278.43  | 0.24%             | 2026-06-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12145305.36  | 0.11%             | 2027-01-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL          | Pinnacle West Capital Corp                                                      | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12190839.00  | 0.11%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| POSCO                          | POSCO                                                                           | CUSIP: 73730EAB9<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |   9000000 | PA      | $9032785.92   | 0.08%             | 2027-08-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II       | Principal Life Global Funding II                                                | CUSIP: 74256LFA2<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |  17750000 | PA      | $17919028.81  | 0.16%             | 2027-08-19      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC            | Quanta Services Inc                                                             | CUSIP: 74762EAK8<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |  30400000 | PA      | $30747046.70  | 0.27%             | 2027-08-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RENESAS ELECTRONICS CORP       | Renesas Electronics Corp                                                        | CUSIP: 75972BAB7<br>LEI: 5299000EPC47VJQOFB81 | Long             | DBT              | CORP              | JP        |   5919000 | PA      | $5768030.93   | 0.05%             | 2026-11-25      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                   | SK Hynix Inc                                                                    | CUSIP: 78392BAG2<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |  15000000 | PA      | $15229215.00  | 0.13%             | 2027-01-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS       | Santander UK Group Holdings PLC                                                 | CUSIP: 80281LAX3<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |  22500000 | PA      | $22437350.55  | 0.20%             | 2029-09-22      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| SMITH & NEPHEW PLC             | Smith & Nephew PLC                                                              | CUSIP: 83192PAC2<br>LEI: 213800ZTMDN8S67S1H61 | Long             | DBT              | CORP              | GB        |  10000000 | PA      | $10134886.90  | 0.09%             | 2027-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE               | Societe Generale SA                                                             | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  25000000 | PA      | $25334508.50  | 0.22%             | 2028-01-19      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE               | Societe Generale SA                                                             | CUSIP: 83368RBZ4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $5054074.05   | 0.04%             | 2027-02-19      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Thornburg Mortgage Securities  | Thornburg Mortgage Securities Trust 2003-5                                      | CUSIP: 885220ED1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    977082 | PA      | $936223.56    | 0.01%             | 2043-10-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2020-1                                                | CUSIP: 89178WAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2401420 | PA      | $2317750.94   | 0.02%             | 2060-01-25      | Variable      | 2.71%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER               | Triton Container International Ltd                                              | CUSIP: 89680YAA3<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |  20788000 | PA      | $20526444.97  | 0.18%             | 2026-04-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT             | UBS AG/Stamford CT                                                              | CUSIP: 90261AAD4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |   7000000 | PA      | $7059305.96   | 0.06%             | 2028-01-10      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CKE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 239750000 | PA      | $241697968.75 | 2.12%             | 2027-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CMB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 156975000 | PA      | $158262684.76 | 1.39%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CMW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 606025000 | PA      | $607871485.45 | 5.33%             | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                 | Var Energi ASA                                                                  | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |  12395000 | PA      | $13136299.71  | 0.12%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust           | Verizon Master Trust                                                            | CUSIP: 92348KEF6<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |  21900000 | PA      | $22155505.11  | 0.19%             | 2031-06-20      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3057124.68   | 0.03%             | 2029-04-23      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2017-C39                                  | CUSIP: 95000XAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2056000 | PA      | $2010838.32   | 0.02%             | 2050-09-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2017-C41                                  | CUSIP: 95001ABD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1964703.00   | 0.02%             | 2050-11-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| AGCO CORP                      | AGCO Corp                                                                       | CUSIP: 001084AR3<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $12173668.20  | 0.11%             | 2027-03-21      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ADVENT HEALTH SYSTEM           | Adventist Health System/West                                                    | CUSIP: 007944AF8<br>LEI: 5493008YM33UCY5QPW83 | Long             | DBT              | CORP              | US        |  19750000 | PA      | $18637956.50  | 0.16%             | 2029-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                 | Air Lease Corp                                                                  | CUSIP: 00914AAR3<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   5817000 | PA      | $5658336.09   | 0.05%             | 2027-01-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE         | Alliant Energy Finance LLC                                                      | CUSIP: 01882YAF3<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25308388.25  | 0.22%             | 2027-06-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC            | Ashtead Capital Inc                                                             | CUSIP: 045054AN3<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |  33034000 | PA      | $32254551.87  | 0.28%             | 2026-08-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP         | Aviation Capital Group LLC                                                      | CUSIP: 05369AAR2<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |  20629000 | PA      | $20720953.77  | 0.18%             | 2027-04-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                   | Barclays PLC                                                                    | CUSIP: 06738EBY0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  30000000 | PA      | $30644699.70  | 0.27%             | 2028-08-09      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| BOSTON MEDICAL CTR CORP        | Boston Medical Center Corp                                                      | CUSIP: 10103DAB2<br>LEI: 54930000C3BLYBHD3L38 | Long             | DBT              | CORP              | US        |  20555000 | PA      | $20094297.09  | 0.18%             | 2028-07-01      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus | CSAIL 2017-CX9 Commercial Mortgage Trust                                        | CUSIP: 12595FAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1700000 | PA      | $1652652.11   | 0.01%             | 2050-09-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                  | Carnival Corp                                                                   | CUSIP: 143658BQ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |  28754000 | PA      | $28342978.82  | 0.25%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                                   | CUSIP: 172967NG2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14769866.85  | 0.13%             | 2028-02-24      | Variable      | 3.07%                 | No            |                  2 | On Loan: No      |
| CNO GLOBAL FUNDING             | CNO Global Funding                                                              | CUSIP: 18977W2D1<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |  35000000 | PA      | $35907401.95  | 0.31%             | 2027-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE LONDON         | Credit Agricole SA/London                                                       | CUSIP: 22535WAB3<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |  10000000 | PA      | $9982236.30   | 0.09%             | 2027-01-10      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA             | Credit Agricole SA                                                              | CUSIP: 22535WAJ6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   1000000 | PA      | $1054229.89   | 0.01%             | 2029-10-03      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 226373AQ1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  14600000 | PA      | $14606493.06  | 0.13%             | 2027-05-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING        | DCP Midstream Operating LP                                                      | CUSIP: 23311VAJ6<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |  22291000 | PA      | $22768903.88  | 0.20%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                  | DTE Energy Co                                                                   | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |  23175000 | PA      | $23469932.00  | 0.21%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DLLAD LLC                      | DLLAD 2025-1 LLC                                                                | CUSIP: 23347BAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8650000 | PA      | $8724605.39   | 0.08%             | 2030-09-20      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA         | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AY6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20325082.00  | 0.18%             | 2027-09-25      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY               | Deutsche Bank AG/New York NY                                                    | CUSIP: 25160PAQ0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  24000000 | PA      | $24515934.24  | 0.21%             | 2029-01-10      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| DUQUESNE LIGHT HOLDINGS        | Duquesne Light Holdings Inc                                                     | CUSIP: 266233AG0<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |  10100000 | PA      | $9893145.64   | 0.09%             | 2027-08-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 29273RBK4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   5028000 | PA      | $5021353.08   | 0.04%             | 2027-04-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 29273VAR1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7130458.86   | 0.06%             | 2026-12-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 29278NAN3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  14000000 | PA      | $14242761.40  | 0.12%             | 2027-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS         | Federation des Caisses Desjardins du Quebec                                     | CUSIP: 31429KAK9<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |  13000000 | PA      | $13474064.89  | 0.12%             | 2028-03-14      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                                      | CUSIP: 31846V211<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        | 506879768 | NS      | $506879767.85 | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Credit Floorplan Master O | Ford Credit Floorplan Master Owner Trust A                                      | CUSIP: 34528QJA3<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |  30860000 | PA      | $31443621.23  | 0.28%             | 2029-04-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master O | Ford Credit Floorplan Master Owner Trust A                                      | CUSIP: 34528QJK1<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |  33350000 | PA      | $33498684.31  | 0.29%             | 2029-09-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| General Motors                 | GMF Floorplan Owner Revolving Trust                                             | CUSIP: 361886DQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8175000 | PA      | $8290130.16   | 0.07%             | 2029-11-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Trust 2016-GS3                                           | CUSIP: 36251PAD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3309000 | PA      | $3268655.68   | 0.03%             | 2049-10-10      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Trust 2017-GS5                                           | CUSIP: 36252HAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  24225000 | PA      | $23929127.96  | 0.21%             | 2050-03-10      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                                 | CUSIP: 37045XEX0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $30543071.70  | 0.27%             | 2027-07-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                                               | CUSIP: 404280EM7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  24300000 | PA      | $24733189.78  | 0.22%             | 2028-11-19      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| HELMERICH & PAYNE INC          | Helmerich & Payne Inc                                                           | CUSIP: 423452AL5<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |  32200000 | PA      | $32337787.02  | 0.28%             | 2027-12-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBS7<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |  17625000 | PA      | $17703357.58  | 0.16%             | 2027-09-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Home Partners of America Trust | Home Partners of America 2019-2 Trust                                           | CUSIP: 43732TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8321873 | PA      | $8230921.45   | 0.07%             | 2039-10-19      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                                         | CUSIP: 44891ADZ7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14965609.50  | 0.13%             | 2028-09-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PRA HEALTH SCIENCES INC        | PRA Health Sciences Inc                                                         | CUSIP: 45569KAA1<br>LEI: 549300R1HR1VWWHIAK47 | Long             | DBT              | CORP              | US        |  18956000 | PA      | $18694476.20  | 0.16%             | 2026-07-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                   | ING Groep NV                                                                    | CUSIP: 456837BQ5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |  10312000 | PA      | $10448693.50  | 0.09%             | 2029-03-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2014-C24                             | CUSIP: 46643GAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    784035 | PA      | $768964.09    | 0.01%             | 2047-11-15      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu | JPMBB Commercial Mortgage Securities Trust 2015-C27                             | CUSIP: 46644ABF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    489975 | PA      | $477735.58    | 0.00%             | 2048-02-15      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| JACOBS ENGINEERING GROUP       | Jacobs Engineering Group Inc                                                    | CUSIP: 469814AB3<br>LEI: 549300CZ8QS1GE53O776 | Long             | DBT              | CORP              | US        |  11762000 | PA      | $12420085.90  | 0.11%             | 2028-08-18      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC        | Jefferies Financial Group Inc                                                   | CUSIP: 472319AE2<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   2380000 | PA      | $2463214.20   | 0.02%             | 2027-06-08      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC        | Jefferies Financial Group Inc                                                   | CUSIP: 47233JAG3<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |  23000000 | PA      | $23185906.70  | 0.20%             | 2027-01-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor | JPMCC Commercial Mortgage Securities Trust 2017-JP6                             | CUSIP: 48128KAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2800000 | PA      | $2731699.60   | 0.02%             | 2050-07-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Ladder Capital Commercial Mort | LCCM 2017-LC26                                                                  | CUSIP: 50190DAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  46315000 | PA      | $45524537.26  | 0.40%             | 2050-07-12      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL INSURANCE       | Liberty Mutual Insurance Co                                                     | CUSIP: 53079QAC1<br>LEI: CNC20I6IOMGF7KY49D67 | Long             | DBT              | CORP              | US        |  14335000 | PA      | $14738402.96  | 0.13%             | 2026-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                                        | CUSIP: 539439BD0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   9930000 | PA      | $10068613.17  | 0.09%             | 2029-06-13      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                                        | CUSIP: 53944YBC6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |  28000000 | PA      | $28498602.44  | 0.25%             | 2028-11-26      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| LOUISIANA-PACIFIC CORP         | Louisiana-Pacific Corp                                                          | CUSIP: 546347AM7<br>LEI: 549300C7E2UAO5BVRR75 | Long             | DBT              | CORP              | US        |   7457000 | PA      | $7138891.32   | 0.06%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC     | MMAF Equipment Finance LLC 2023-A                                               | CUSIP: 55317WAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6575000 | PA      | $6696421.18   | 0.06%             | 2029-12-13      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| MARS INC                       | Mars Inc                                                                        | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |  34850000 | PA      | $35276181.70  | 0.31%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST EDUCTNL FING  | Massachusetts Educational Financing Authority                                   | CUSIP: 57563RSJ9<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    700000 | PA      | $574967.47    | 0.01%             | 2037-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MASTR Alternative Loans Trust  | MASTR Alternative Loan Trust 2003-5                                             | CUSIP: 576434FF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    817684 | PA      | $813222.17    | 0.01%             | 2033-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MASTR Alternative Loans Trust  | MASTR Alternative Loan Trust 2003-5                                             | CUSIP: 576434FJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2026 | PA      | $2128.98      | 0.00%             | 2026-11-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA         | Morgan Stanley Bank NA                                                          | CUSIP: 61690U8B9<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |  19800000 | PA      | $20236384.67  | 0.18%             | 2028-05-26      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA         | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HBF4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   5000000 | PA      | $5007148.65   | 0.04%             | 2028-08-19      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY        | Nationwide Building Society                                                     | CUSIP: 63859WAE9<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |  34021000 | PA      | $33937993.86  | 0.30%             | 2026-09-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC              | NatWest Group PLC                                                               | CUSIP: 639057AK4<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   5085000 | PA      | $5301928.80   | 0.05%             | 2029-09-13      | Variable      | 5.81%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2019-F                                | CUSIP: 63935CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5016586 | PA      | $4852966.32   | 0.04%             | 2068-08-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2019-E                                | CUSIP: 63941MAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    945146 | PA      | $930300.20    | 0.01%             | 2068-05-15      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2021-G                                | CUSIP: 63942KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  17015926 | PA      | $15379041.17  | 0.13%             | 2070-04-15      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust      | Nelnet Student Loan Trust 2021-D                                                | CUSIP: 64034YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6120617 | PA      | $5814923.76   | 0.05%             | 2062-04-20      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust      | Nelnet Student Loan Trust 2021-A                                                | CUSIP: 64035DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4403200 | PA      | $4156363.03   | 0.04%             | 2062-04-20      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2020-RPL1                                   | CUSIP: 64828XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  37394384 | PA      | $35971393.55  | 0.32%             | 2059-11-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL         | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  17950000 | PA      | $18145197.63  | 0.16%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE        | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 65480CAE5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5064812.45   | 0.04%             | 2026-09-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II       | Principal Life Global Funding II                                                | CUSIP: 74256LEX3<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |  15850000 | PA      | $16027995.34  | 0.14%             | 2027-01-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RECKITT BENCKISER TSY          | Reckitt Benckiser Treasury Services PLC                                         | CUSIP: 75625QAE9<br>LEI: 213800LAXWIUOOBZ3908 | Long             | DBT              | CORP              | GB        |  38750000 | PA      | $38074669.65  | 0.33%             | 2027-06-26      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP             | Regal Rexnord Corp                                                              | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |  30375000 | PA      | $30522032.31  | 0.27%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Renaissance Home Equity Loan T | Renaissance Home Equity Loan Trust 2007-2                                       | CUSIP: 75970QAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1914212 | PA      | $462756.22    | 0.00%             | 2037-06-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| REPSOL E&P CAP MARKETS         | Repsol E&P Capital Markets US LLC                                               | CUSIP: 76026AAA5<br>LEI: 894500D0J12FRZ3Q0M15 | Long             | DBT              | CORP              | US        |   8725000 | PA      | $8762768.17   | 0.08%             | 2028-09-16      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SK HYNIX INC                   | SK Hynix Inc                                                                    | CUSIP: 78392BAE7<br>LEI: 988400XAIK6XISWQV045 | Long             | DBT              | CORP              | KR        |  16288000 | PA      | $17019325.34  | 0.15%             | 2028-01-17      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SABAL TRAIL TRANS              | Sabal Trail Transmission LLC                                                    | CUSIP: 78516FAA7<br>LEI: 5493002DWITGSZFUI977 | Long             | DBT              | CORP              | US        |   9041000 | PA      | $8987369.69   | 0.08%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Lin | Santander Bank Auto Credit-Linked Notes Series 2023-B                           | CUSIP: 80290CCB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1851609 | PA      | $1868862.68   | 0.02%             | 2033-12-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE               | Societe Generale SA                                                             | CUSIP: 83368RCH3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |  10000000 | PA      | $10168533.90  | 0.09%             | 2029-05-22      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Structured Asset Securities Co | Structured Asset Securities Corp                                                | CUSIP: 86359BHM6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2798 | PA      | $2799.21      | 0.00%             | 2034-02-25      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT       | Sumitomo Mitsui Trust Bank Ltd                                                  | CUSIP: 86563VBP3<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |  10000000 | PA      | $10157062.80  | 0.09%             | 2027-03-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                   | Synopsys Inc                                                                    | CUSIP: 871607AB3<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $13145500.94  | 0.12%             | 2028-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| TENNERGY CORP TN GAS REVENUE   | Tennergy Corp/TN                                                                | CUSIP: 880397CL6<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1159226.11   | 0.01%             | 2026-06-01      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM        | United Rentals North America Inc                                                | CUSIP: 911365BM5<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |  24150000 | PA      | $23729043.77  | 0.21%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CFZ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 564550000 | PA      | $567527120.55 | 4.97%             | 2027-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2025-6                                               | CUSIP: 92540YAA7<br>LEI: 213800KZO2G8SSFFDH61 | Long             | ABS-MBS          | CORP              | US        |  21492844 | PA      | $21658946.97  | 0.19%             | 2070-07-25      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP             | VICI Properties LP                                                              | CUSIP: 925650AB9<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |  16819000 | PA      | $16960407.76  | 0.15%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VIDEOTRON LTD / LTEE           | Videotron Ltd                                                                   | CUSIP: 92660FAK0<br>LEI: 549300LW4GNJRBECSD81 | Long             | DBT              | CORP              | CA        |  24026000 | PA      | $24027982.87  | 0.21%             | 2027-04-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  21182000 | PA      | $20990857.23  | 0.18%             | 2028-05-22      | Variable      | 3.58%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2017-C38                                  | CUSIP: 95001MAF7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  38228000 | PA      | $37630251.70  | 0.33%             | 2050-07-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| WESTERN-SOUTHERN GLOBAL        | Western-Southern Global Funding                                                 | CUSIP: 95954A2B8<br>LEI: 635400PFYEGVSGK4VB37 | Long             | DBT              | CORP              | US        |  47323000 | PA      | $47630874.45  | 0.42%             | 2028-07-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE         | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AM2<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |  53035000 | PA      | $53774156.22  | 0.47%             | 2028-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| XPO INC                        | XPO Inc                                                                         | CUSIP: 98379KAA0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   6490000 | PA      | $6613202.07   | 0.06%             | 2028-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-23

**Name of Applicant:** Baird Funds Inc

**Signature:** Baird Funds Inc

**Name of Signer:** Peter Hammond

**Title:** Vice President