# EDGAR Filing Document

**Accession Number:** 0001027263
**File Stem:** 0001752724-23-048906
**Filing Date:** 2023-3
**Character Count:** 112207
**Document Hash:** b94997e2f7dcf1d428f39bbc9fbec630
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-048906.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-048906

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EQ ADVISORS TRUST
- **CENTRAL INDEX KEY:** 0001027263
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07953
- **FILM NUMBER:** 23690548

**BUSINESS ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104
- **BUSINESS PHONE:** 212-554-1234

**MAIL ADDRESS:**
- **STREET 1:** 1290 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 787 TRUST
- **DATE OF NAME CHANGE:** 19961125

## Series and Classes Contracts Data

### EQ/AB Short Duration Government Bond Portfolio (Series ID: S000029400)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000090306 | Class IB     |  |
| C000104221 | Class K      |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EQ Advisors Trust

- **b. Investment Company Act file number:** 811-07953

- **c. CIK number of Registrant:** 0001027263

- **d. LEI of Registrant:** 549300Q691FLN6WHB832

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

  - **Street Address 1:** 1290 Avenue of the Americas

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10104

  - **Telephone number:** 212-554-1234

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

- **a. Name of Series:** EQ/AB Short Duration Government Bond Portfolio

- **b. EDGAR series identifier (if any):** S000029400

- **c. LEI of Series:** 549300XO88CBQSO85I85

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1013048372.43

**Total Liabilities:** $1176817.68

**Net Assets:** $1011871554.75

**Cash Not Reported:** $3251878.25

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 5784.94000000 | **1-Year:** 34036.81000000 | **5-Year:** 25384.67000000 | **10-Year:** 17558.88000000 | **30-Year:** 7085.08000000

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

- **3-Month:** 52.65000000 | **1-Year:** 46.75000000 | **5-Year:** 1.52000000 | **10-Year:** 213.75000000 | **30-Year:** 2.51000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000090306 | -0.07%               | 0.31%                | 0.39%                |
| Class ID C000104221 | -0.07%               | 0.42%                | 0.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-974859.37              | $-1322092.33                               |
| Month 2  | $-1116070.36             | $5859317.43                                |
| Month 3  | $0.00                    | $2655288.29                                |

**Designated Index Information**

- **Index Name:** Ex-Derivatives Securities Portfolio

- **Index Identifier:** AX-G23857

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Deutsche Bank AG                                                                   | Deutsche Bank AG                                                                                         | CUSIP: 25160PAJ6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    739000 | PA      | $735730.44    | 0.07%             | 2026-07-14      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp.                                             | State of New York Urban Development Corp., Personal Income Tax, Revenue Bonds, Series 2009E              | CUSIP: 650035TD0<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |      8000 | PA      | $8215.59      | 0.00%             | 2039-03-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| FHLB                                                                               | FHLB                                                                                                     | CUSIP: 3130ANYM6<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGA              | US        |  24165000 | PA      | $23436449.42  | 2.32%             | 2023-08-28      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | U.S. Treasury 5 Year Note                                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -1524 | NC      | $57640.73     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| State of Washington                                                                | State of Washington Motor Vehicle Fuel Tax, Revenue Bonds, Series 2010D                                  | CUSIP: 93974CPM6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |      6000 | PA      | $6276.65      | 0.00%             | 2039-08-01      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Bills                                                                                      | CUSIP: 912796YT0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   9051500 | PA      | $8710603.31   | 0.86%             | 2023-11-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC, Series 4350, Class KF                                                                             | CUSIP: 3137BBHT0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    301571 | PA      | $288830.97    | 0.03%             | 2039-01-15      | Floating      | 2.82%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Finance Authority                                               | Tobacco Settlement Finance Authority                                                                     | CUSIP: 88880LAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505137 | PA      | $1350710.18   | 0.13%             | 2035-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                                | Exeter Automobile Receivables Trust, Series 2021-1A, Class C                                             | CUSIP: 30166RAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2682062 | PA      | $2616636.46   | 0.26%             | 2026-01-15      | Fixed         | 0.74%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                     | Central Puget Sound Regional Transit Authority                                                           | CUSIP: 15504RET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      6000 | PA      | $6257.92      | 0.00%             | 2039-11-01      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                                         | LAD Auto Receivables Trust, Series 2022-1A, Class A                                                      | CUSIP: 501687AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1692100 | PA      | $1667974.48   | 0.16%             | 2027-06-15      | Fixed         | 5.21%                 | Yes           |                  2 | On Loan: No      |
| Affirm Asset Securitization Trust                                                  | Affirm Asset Securitization Trust, Series 2021-Z1, Class A                                               | CUSIP: 00834CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    539642 | PA      | $524676.57    | 0.05%             | 2025-08-15      | Fixed         | 1.07%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC, Series 4029, Class LD                                                                             | CUSIP: 3137APFR6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    846046 | PA      | $815023.19    | 0.08%             | 2027-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | U.S. Treasury 10 Year Note                                                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -57 | NC      | $34314.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brex Commercial Charge Card Master Trust                                           | Brex Commercial Charge Card Master Trust, Series 2022-1, Class A                                         | CUSIP: 05601DAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2436000 | PA      | $2386378.68   | 0.24%             | 2025-07-15      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                                     | Carvana Auto Receivables Trust, Series 2021-N2, Class B                                                  | CUSIP: 14686KAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    274486 | PA      | $251661.44    | 0.02%             | 2028-03-10      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                                | Intesa Sanpaolo SpA                                                                                      | CUSIP: 46115HBU0<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    278000 | PA      | $283319.22    | 0.03%             | 2025-11-21      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Var Energi ASA                                                                     | Var Energi ASA                                                                                           | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   1370000 | PA      | $1396798.16   | 0.14%             | 2028-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Bank of Ireland Group plc                                                          | Bank of Ireland Group plc                                                                                | CUSIP: 06279JAC3<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |    424000 | PA      | $420979.59    | 0.04%             | 2026-09-16      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                                     | Carvana Auto Receivables Trust, Series 2021-N1, Class C                                                  | CUSIP: 14687DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1369087 | PA      | $1256914.79   | 0.12%             | 2028-01-10      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                                                         | Warnermedia Holdings, Inc.                                                                               | CUSIP: 55903VAU7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1728000 | PA      | $1652330.53   | 0.16%             | 2025-03-15      | Fixed         | 3.79%                 | Yes           |                  2 | On Loan: —       |
| CNH Industrial Capital LLC                                                         | CNH Industrial Capital LLC                                                                               | CUSIP: 12592BAN4<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   1680000 | PA      | $1630806.91   | 0.16%             | 2025-05-23      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                                      | CUSIP: 91282CEW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  49367000 | PA      | $47809012.04  | 4.72%             | 2027-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC                                                                                                    | CUSIP: 3137EAEV7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  13000000 | PA      | $12631244.60  | 1.25%             | 2023-08-24      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes                                                     | Chase Auto Credit Linked Notes, Series 2021-1, Class B                                                   | CUSIP: 46591HBR0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1751639 | PA      | $1681325.24   | 0.17%             | 2028-09-25      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                               | JPMorgan Chase & Co.                                                                                     | CUSIP: 46647PDM5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1521000 | PA      | $1518764.13   | 0.15%             | 2025-12-15      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC                                                                                                    | CUSIP: 3137EAEZ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  50000000 | PA      | $48107610.00  | 4.75%             | 2023-11-06      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                                                         | Flagship Credit Auto Trust, Series 2020-4, Class C                                                       | CUSIP: 33845XAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3820000 | PA      | $3663318.88   | 0.36%             | 2027-02-16      | Fixed         | 1.28%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd.                                                                      | Voya CLO Ltd., Series 2019-1A, Class DR                                                                  | CUSIP: 92917NAS7<br>LEI: 549300KSCKXTOBY0IP86 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $694036.80    | 0.07%             | 2031-04-15      | Floating      | 6.93%                 | Yes           |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                            | San Francisco Bay Area Toll Authority, Subordinate Toll Bridge, Revenue Bonds, Series 2010-S1            | CUSIP: 072024NV0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |      6000 | PA      | $7375.72      | 0.00%             | 2050-04-01      | Fixed         | 7.04%                 | No            |                  2 | On Loan: No      |
| Ohio State University (The)                                                        | Ohio State University (The)                                                                              | CUSIP: 677632MV0<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |      6000 | PA      | $6015.75      | 0.00%             | 2040-06-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Brex Commercial Charge Card Master Trust                                           | Brex Commercial Charge Card Master Trust, Series 2021-1, Class A                                         | CUSIP: 05601DAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3246000 | PA      | $3204564.16   | 0.32%             | 2024-07-15      | Fixed         | 2.09%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                                      | CUSIP: 9128285D8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  50691300 | PA      | $50055205.29  | 4.95%             | 2023-09-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BHG Securitization Trust                                                           | BHG Securitization Trust, Series 2022-A, Class A                                                         | CUSIP: 054977AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    301325 | PA      | $283493.50    | 0.03%             | 2035-02-20      | Fixed         | 1.71%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series 2014-C04, Class 2M2                                                                         | CUSIP: 30711XAR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |     79712 | PA      | $80591.38     | 0.01%             | 2024-11-25      | Floating      | 9.39%                 | No            |                  2 | On Loan: No      |
| GCT Commercial Mortgage Trust                                                      | GCT Commercial Mortgage Trust, Series 2021-GCT, Class B                                                  | CUSIP: 36167RAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2996618 | PA      | $2787918.84   | 0.28%             | 2038-02-15      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| BAMLL Commercial Mortgage Securities Trust                                         | BAMLL Commercial Mortgage Securities Trust, Series 2013-WBRK, Class D                                    | CUSIP: 05525BAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1250000 | PA      | $1056063.13   | 0.10%             | 2037-03-10      | Variable      | 3.53%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                                | Citigroup Commercial Mortgage Trust, Series 2013-GC11, Class B                                           | CUSIP: 17320DAQ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1948678.80   | 0.19%             | 2046-04-10      | Variable      | 3.73%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                | Synchrony Financial                                                                                      | CUSIP: 87165BAS2<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    853000 | PA      | $832340.68    | 0.08%             | 2025-06-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FFCB                                                                               | FFCB                                                                                                     | CUSIP: 3133EMSS2<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGA              | US        |  50000000 | PA      | $49596460.00  | 4.90%             | 2023-03-09      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| FFCB                                                                               | FFCB                                                                                                     | CUSIP: 3133EMVP4<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGA              | US        |  50000000 | PA      | $49382860.00  | 4.88%             | 2023-04-13      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| FFCB                                                                               | FFCB                                                                                                     | CUSIP: 3133ENKS8<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGA              | US        |   7000000 | PA      | $6544024.90   | 0.65%             | 2025-01-06      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Donlen Fleet Lease Funding LLC                                                     | Donlen Fleet Lease Funding LLC, Series 2021-2, Class C                                                   | CUSIP: 257812AF4<br>LEI: 549300ZWUQETU54FDP26 | Long             | ABS-O            | CORP              | US        |   1678000 | PA      | $1567859.44   | 0.15%             | 2034-12-11      | Fixed         | 1.20%                 | Yes           |                  2 | On Loan: No      |
| FFCB                                                                               | FFCB                                                                                                     | CUSIP: 3133ENK33<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGA              | US        |  40000000 | PA      | $39414268.00  | 3.90%             | 2024-03-06      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AIB Group plc                                                                      | AIB Group plc                                                                                            | CUSIP: 00135TAC8<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | NUSS              | IE        |   2071000 | PA      | $2112146.42   | 0.21%             | 2026-10-14      | Variable      | 7.58%                 | Yes           |                  2 | On Loan: No      |
| Credit Suisse Group AG                                                             | Credit Suisse Group AG                                                                                   | CUSIP: 225401AY4<br>LEI: 549300506SI9CRFV9Z86 | Long             | DBT              | CORP              | CH        |    910000 | PA      | $852084.96    | 0.08%             | 2026-07-15      | Variable      | 6.37%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts Clean Water Trust (The)                                              | Massachusetts Clean Water Trust (The)                                                                    | CUSIP: 57604P5P5<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40107.93     | 0.00%             | 2040-08-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing III LLC                                                    | Hertz Vehicle Financing III LLC, Series 2022-1A, Class A                                                 | CUSIP: 42806MAJ8<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   2488000 | PA      | $2279975.58   | 0.23%             | 2026-06-25      | Fixed         | 1.99%                 | Yes           |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue                | Metropolitan Washington Airports Authority, Revenue Bonds, Series 2009D                                  | CUSIP: 592643AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      9000 | PA      | $11057.33     | 0.00%             | 2046-10-01      | Fixed         | 7.46%                 | No            |                  2 | On Loan: No      |
| FHLMC STACR REMIC Trust                                                            | FHLMC STACR REMIC Trust, Series 2022-DNA7, Class M1A                                                     | CUSIP: 35564KL31<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2903685 | PA      | $2913388.02   | 0.29%             | 2052-03-25      | Floating      | 6.43%                 | Yes           |                  2 | On Loan: No      |
| Amur Equipment Finance Receivables XI LLC                                          | Amur Equipment Finance Receivables XI LLC, Series 2022-2A, Class A2                                      | CUSIP: 03236XAB3<br>LEI: 549300IFG1NMINYRYF89 | Long             | ABS-O            | CORP              | US        |    863000 | PA      | $853687.11    | 0.08%             | 2028-06-21      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| ACM Auto Trust                                                                     | ACM Auto Trust, Series 2022-1A, Class A                                                                  | CUSIP: 00091QAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    683597 | PA      | $680230.62    | 0.07%             | 2029-04-20      | Fixed         | 3.23%                 | Yes           |                  2 | On Loan: No      |
| Ashford Hospitality Trust                                                          | Ashford Hospitality Trust, Series 2018-KEYS, Class A                                                     | CUSIP: 04410CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1590446 | PA      | $1540813.91   | 0.15%             | 2035-06-15      | Floating      | 5.32%                 | Yes           |                  2 | On Loan: No      |
| Radnor RE Ltd.                                                                     | Radnor RE Ltd., Series 2019-1, Class M1B                                                                 | CUSIP: 75049SAB9<br>LEI: 254900JBDDKUTX6TX151 | Long             | ABS-MBS          | CORP              | BM        |   1277057 | PA      | $1262396.57   | 0.12%             | 2029-02-25      | Floating      | 6.34%                 | Yes           |                  2 | On Loan: No      |
| FHF Trust                                                                          | FHF Trust, Series 2021-2A, Class A                                                                       | CUSIP: 30322JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    815976 | PA      | $782220.91    | 0.08%             | 2026-12-15      | Fixed         | 0.83%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                                     | Carvana Auto Receivables Trust, Series 2021-N3, Class C                                                  | CUSIP: 14687GAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1244683 | PA      | $1193430.06   | 0.12%             | 2028-06-12      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series 2016-C02, Class 1M2                                                                         | CUSIP: 30711XCB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    395995 | PA      | $409453.70    | 0.04%             | 2028-09-25      | Floating      | 10.39%                | No            |                  2 | On Loan: No      |
| CPS Auto Receivables Trust                                                         | CPS Auto Receivables Trust, Series 2021-A, Class C                                                       | CUSIP: 12656NAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2902562 | PA      | $2860484.32   | 0.28%             | 2026-09-15      | Fixed         | 0.83%                 | Yes           |                  2 | On Loan: No      |
| City of New York NY                                                                | City of New York, General Obligation Bonds, Series 2009-A1, Series A-2                                   | CUSIP: 64966HMV9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |      6000 | PA      | $6066.34      | 0.00%             | 2031-10-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                            | Georgia Municipal Electric Authority, Revenue Bonds, Series 2010A                                        | CUSIP: 626207YF5<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |     37000 | PA      | $39580.45     | 0.00%             | 2057-04-01      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Trust                                                | Connecticut Avenue Securities Trust, Series 2022-R05, Class 2M1                                          | CUSIP: 20754DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    687891 | PA      | $681371.06    | 0.07%             | 2042-04-25      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series 2012-65, Class FA                                                                           | CUSIP: 3136A6YN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26078 | PA      | $25424.62     | 0.00%             | 2042-06-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District                                                | County of Los Angeles Unified School District, General Obligation Bonds, Series 2009-KRY                 | CUSIP: 544646XZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      7000 | PA      | $7312.07      | 0.00%             | 2034-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| First Investors Auto Owner Trust                                                   | First Investors Auto Owner Trust, Series 2021-2A, Class C                                                | CUSIP: 32057JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2862000 | PA      | $2625069.33   | 0.26%             | 2027-11-15      | Fixed         | 1.47%                 | Yes           |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                               | BBCMS Mortgage Trust, Series 2020-BID, Class A                                                           | CUSIP: 05493BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3190000 | PA      | $3142426.89   | 0.31%             | 2037-10-15      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings plc                                                                  | HSBC Holdings plc                                                                                        | CUSIP: 404280DA4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2908000 | PA      | $2730598.04   | 0.27%             | 2026-03-10      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered plc                                                             | Standard Chartered plc                                                                                   | CUSIP: 853254CJ7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    892000 | PA      | $848669.58    | 0.08%             | 2026-03-30      | Variable      | 3.97%                 | Yes           |                  2 | On Loan: No      |
| FHLB                                                                               | FHLB                                                                                                     | CUSIP: 3130A8XY4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGA              | US        |  20000000 | PA      | $18393194.00  | 1.82%             | 2026-09-11      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                           | Avis Budget Rental Car Funding AESOP LLC, Series 2017-2A, Class D                                        | CUSIP: 05377REW0<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1090500 | PA      | $1086703.67   | 0.11%             | 2024-03-20      | Fixed         | 4.56%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series 2010-39, Class FT                                                                           | CUSIP: 31398PT90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1669702 | PA      | $1678595.74   | 0.17%             | 2035-10-25      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                                | Synchrony Financial                                                                                      | CUSIP: 87165BAM5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    895000 | PA      | $798369.71    | 0.08%             | 2027-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                         | Aviation Capital Group LLC                                                                               | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1884000 | PA      | $1631254.43   | 0.16%             | 2026-01-30      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                                            | Santander Bank Auto Credit-Linked Notes, Series 2022-C, Class B                                          | CUSIP: 80290CBF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1641290 | PA      | $1641210.73   | 0.16%             | 2032-12-15      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| Barclays plc                                                                       | Barclays plc                                                                                             | CUSIP: 06738ECC7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1506000 | PA      | $1562156.78   | 0.15%             | 2026-11-02      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                                | Exeter Automobile Receivables Trust, Series 2022-6A, Class A2                                            | CUSIP: 30168AAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1062000 | PA      | $1062900.05   | 0.11%             | 2025-11-17      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District                                             | County of Los Angeles Community College District, General Obligation Bonds, Series 2008-E                | CUSIP: 54438CPA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      6000 | PA      | $7458.90      | 0.00%             | 2049-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Hardee's Funding LLC                                                               | Hardee's Funding LLC, Series 2018-1A, Class A23                                                          | CUSIP: 411707AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1350700 | PA      | $1272473.38   | 0.13%             | 2048-06-20      | Fixed         | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Bellemeade Re Ltd.                                                                 | Bellemeade Re Ltd., Series 2019-1A, Class M1B                                                            | CUSIP: 07876RAB2<br>LEI: 254900K56RF3Z7VQ3U81 | Long             | ABS-MBS          | CORP              | BM        |     99259 | PA      | $99218.28     | 0.01%             | 2029-03-25      | Floating      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| DT Auto Owner Trust                                                                | DT Auto Owner Trust, Series 2021-2A, Class C                                                             | CUSIP: 23345EAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050000 | PA      | $996388.05    | 0.10%             | 2027-02-16      | Fixed         | 1.10%                 | Yes           |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                              | Metropolitan Transportation Authority, Revenue Bonds, Series 2010B-1                                     | CUSIP: 59259YCA5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |      6000 | PA      | $6098.50      | 0.00%             | 2031-11-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Santander UK Group Holdings plc                                                    | Santander UK Group Holdings plc                                                                          | CUSIP: 80281LAS4<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   1509000 | PA      | $1529935.11   | 0.15%             | 2026-11-21      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                      | Commonwealth of Massachusetts, General Obligation Bonds, Series 2009E                                    | CUSIP: 57582PUE8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |      7000 | PA      | $7348.52      | 0.00%             | 2039-12-01      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                                      | CUSIP: 91282CEA5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35079600 | PA      | $33816502.87  | 3.34%             | 2024-02-29      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series 2013-121, Class FA                                                                          | CUSIP: 3136AHEU0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    478617 | PA      | $468493.79    | 0.05%             | 2043-12-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp.                                                              | Parker-Hannifin Corp.                                                                                    | CUSIP: 701094AQ7<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |   1641000 | PA      | $1607790.43   | 0.16%             | 2024-06-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| UBS-Barclays Commercial Mortgage Trust                                             | UBS-Barclays Commercial Mortgage Trust, Series 2013-C5, Class B                                          | CUSIP: 90270YAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2414356 | PA      | $2352187.54   | 0.23%             | 2046-03-10      | Variable      | 3.65%                 | Yes           |                  2 | On Loan: No      |
| Nationwide Building Society                                                        | Nationwide Building Society                                                                              | CUSIP: 63861VAF4<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   1611000 | PA      | $1417709.48   | 0.14%             | 2028-02-16      | Variable      | 2.97%                 | Yes           |                  2 | On Loan: No      |
| Zoetis, Inc.                                                                       | Zoetis, Inc.                                                                                             | CUSIP: 98978VAU7<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    856000 | PA      | $872757.06    | 0.09%             | 2025-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                     | New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Revenue Bonds, Series 2010B | CUSIP: 646136XR7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     31000 | PA      | $33348.25     | 0.00%             | 2040-12-15      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| Go Mortgage LLC                                                                    | Go Mortgage LLC                                                                                          | CUSIP: 36261CAA9<br>LEI: 25490018IFQOT83Q7H49 | Long             | ABS-O            | CORP              | US        |   1022631 | PA      | $950133.55    | 0.09%             | 2026-08-15      | Variable      | 1.43%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitization Trust                                            | United Auto Credit Securitization Trust, Series 2022-2, Class A                                          | CUSIP: 90944KAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1438386 | PA      | $1429107.19   | 0.14%             | 2025-04-10      | Fixed         | 4.39%                 | Yes           |                  2 | On Loan: No      |
| Go Mortgage LLC                                                                    | Go Mortgage LLC                                                                                          | CUSIP: 36261CAC5<br>LEI: 25490018IFQOT83Q7H49 | Long             | ABS-O            | CORP              | US        |    876000 | PA      | $824203.00    | 0.08%             | 2026-08-15      | Variable      | 2.44%                 | No            |                  2 | On Loan: No      |
| Harley-Davidson Financial Services, Inc.                                           | Harley-Davidson Financial Services, Inc.                                                                 | CUSIP: 41283LBA2<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |    630000 | PA      | $562359.36    | 0.06%             | 2027-02-14      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                                   | Amazon.com, Inc.                                                                                         | CUSIP: 023135CP9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1519000 | PA      | $1513334.13   | 0.15%             | 2027-12-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                                     | Morgan Stanley Capital I Trust, Series 2019-BPR, Class C                                                 | CUSIP: 61769GAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2220000 | PA      | $2127339.64   | 0.21%             | 2036-05-15      | Floating      | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Encina Equipment Finance LLC                                                       | Encina Equipment Finance LLC, Series 2021-1A, Class B                                                    | CUSIP: 29253EAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900000 | PA      | $860681.97    | 0.09%             | 2027-02-16      | Fixed         | 1.21%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings plc                                                                  | HSBC Holdings plc                                                                                        | CUSIP: 404280DG1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1051000 | PA      | $1015636.69   | 0.10%             | 2028-08-11      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA-CACLN                                                       | JPMorgan Chase Bank NA-CACLN, Series 2021-2, Class B                                                     | CUSIP: 48128U2M0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1518934 | PA      | $1451378.38   | 0.14%             | 2028-12-26      | Fixed         | 0.89%                 | Yes           |                  2 | On Loan: No      |
| HP, Inc.                                                                           | HP, Inc.                                                                                                 | CUSIP: 40434LAM7<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |   1336000 | PA      | $1298328.41   | 0.13%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Standard Chartered plc                                                             | Standard Chartered plc                                                                                   | CUSIP: 853254CL2<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   1039000 | PA      | $1073292.20   | 0.11%             | 2025-11-16      | Variable      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                              | Metropolitan Transportation Authority, Revenue Bonds, Series 2010A                                       | CUSIP: 59259YBY4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |      8000 | PA      | $8263.06      | 0.00%             | 2039-11-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC, Series 4486, Class JN                                                                             | CUSIP: 3137BJSS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    831445 | PA      | $810887.75    | 0.08%             | 2024-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                         | Aviation Capital Group LLC                                                                               | CUSIP: 05369AAH4<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    388000 | PA      | $378330.73    | 0.04%             | 2024-12-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                                              | Mission Lane Credit Card Master Trust, Series 2021-A, Class A                                            | CUSIP: 60510MAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    808000 | PA      | $779679.84    | 0.08%             | 2026-09-15      | Fixed         | 1.59%                 | Yes           |                  2 | On Loan: No      |
| State of Washington                                                                | State of Washington Motor Vehicle Fuel Tax, Revenue Bonds, Series 2010F                                  | CUSIP: 93974CRE2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |      6000 | PA      | $6058.36      | 0.00%             | 2040-08-01      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                                     | Morgan Stanley Capital I Trust, Series 2011-C3, Class C                                                  | CUSIP: 61760RAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    271915 | PA      | $266325.48    | 0.03%             | 2049-07-15      | Variable      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                                      | CUSIP: 91282CDA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9213500 | PA      | $8913457.77   | 0.88%             | 2023-09-30      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | U.S. Treasury Ultra Bond                                                                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -4 | NC      | $14119.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                   | Pennsylvania Turnpike Commission, Revenue Bonds, Series 2010B                                            | CUSIP: 709223A27<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |      9000 | PA      | $9039.69      | 0.00%             | 2045-12-01      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                                         | UMBS                                                                                                     | CUSIP: 31339U5V8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1316226 | PA      | $1222313.74   | 0.12%             | 2049-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series 2011-53, Class FT                                                                           | CUSIP: 31397URA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    153016 | PA      | $150698.37    | 0.01%             | 2041-06-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                                               | American Tower Corp.                                                                                     | CUSIP: 03027XBV1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1138000 | PA      | $1064555.30   | 0.11%             | 2027-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd.                                                                 | Elevation CLO Ltd., Series 2020-11A, Class C                                                             | CUSIP: 28621YAE5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1870000 | PA      | $1702951.03   | 0.17%             | 2033-04-15      | Floating      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| PMT Credit Risk Transfer Trust                                                     | PMT Credit Risk Transfer Trust, Series 2019-2R, Class A                                                  | CUSIP: 69345WAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    524285 | PA      | $501742.68    | 0.05%             | 2023-05-27      | Floating      | 7.14%                 | Yes           |                  2 | On Loan: No      |
| Neighborly Issuer LLC                                                              | Neighborly Issuer LLC, Series 2021-1A, Class A2                                                          | CUSIP: 64016NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1314549 | PA      | $1038549.98   | 0.10%             | 2051-04-30      | Fixed         | 3.58%                 | Yes           |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                    | City of New York Municipal Water Finance Authority, Water & Sewer System, Revenue Bonds, Series 2010EE   | CUSIP: 64972FL20<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |      6000 | PA      | $6657.83      | 0.00%             | 2042-06-15      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series 2014-C04, Class 1M2                                                                         | CUSIP: 30711XAP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    697307 | PA      | $715455.17    | 0.07%             | 2024-11-25      | Floating      | 9.29%                 | No            |                  2 | On Loan: No      |
| Carmax Auto Owner Trust                                                            | Carmax Auto Owner Trust, Series 2021-1, Class C                                                          | CUSIP: 14316NAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1177000 | PA      | $1069249.42   | 0.11%             | 2026-12-15      | Fixed         | 0.94%                 | No            |                  2 | On Loan: No      |
| AGL CLO 12 Ltd.                                                                    | AGL CLO 12 Ltd., Series 2021-12A, Class A1                                                               | CUSIP: 00120BAA8<br>LEI: 54930005OE1IFBESDA27 | Long             | ABS-CBDO         | CORP              | KY        |   3900765 | PA      | $3802138.06   | 0.38%             | 2034-07-20      | Floating      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                               | City of Chicago, International Airport, Revenue Bonds, Series 2010B                                      | CUSIP: 167593AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      6000 | PA      | $6706.55      | 0.00%             | 2040-01-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                            | Bay Area Toll Authority                                                                                  | CUSIP: 072024ND0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |      7000 | PA      | $7935.81      | 0.00%             | 2049-04-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series 2015-C01, Class 1M2                                                                         | CUSIP: 30711XAT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    231383 | PA      | $235433.24    | 0.02%             | 2025-02-25      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| San Diego County Water Authority                                                   | San Diego County Water Authority                                                                         | CUSIP: 79741TAR5<br>LEI: 549300Y0QN5OFKA1G520 | Long             | DBT              | MUN               | US        |      6000 | PA      | $6635.79      | 0.00%             | 2049-05-01      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series 2011-86, Class KF                                                                           | CUSIP: 3136A0K48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    152028 | PA      | $149324.73    | 0.01%             | 2041-09-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                                       | Ford Credit Auto Owner Trust, Series 2021-1, Class C                                                     | CUSIP: 345340AC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1168000 | PA      | $1005564.14   | 0.10%             | 2033-10-17      | Fixed         | 1.91%                 | Yes           |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                                | Exeter Automobile Receivables Trust, Series 2022-2A, Class A2                                            | CUSIP: 30166QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    892580 | PA      | $891188.40    | 0.09%             | 2025-11-17      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| HFX Funding Issuer LLC                                                             | HFX Funding Issuer LLC                                                                                   | CUSIP: 40422GAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2920000 | PA      | $2709863.37   | 0.27%             | 2035-03-15      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                 | State of New York Dormitory Authority, Personal Income Tax, Revenue Bonds, Series 2010D                  | CUSIP: 649902T37<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |      6000 | PA      | $6208.15      | 0.00%             | 2040-03-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| TSMC Arizona Corp.                                                                 | TSMC Arizona Corp.                                                                                       | CUSIP: 872898AF8<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |    931000 | PA      | $889861.44    | 0.09%             | 2027-04-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC, Series 3927, Class FH                                                                             | CUSIP: 3137AFEP3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28776 | PA      | $28122.11     | 0.00%             | 2041-09-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC, Series 3807, Class FM                                                                             | CUSIP: 3137A6NJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     29487 | PA      | $29039.53     | 0.00%             | 2041-02-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Avant Loans Funding Trust                                                          | Avant Loans Funding Trust, Series 2021-REV1, Class A                                                     | CUSIP: 05353LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4286182.95   | 0.42%             | 2030-07-15      | Fixed         | 1.21%                 | Yes           |                  2 | On Loan: No      |
| Bellemeade Re Ltd.                                                                 | Bellemeade Re Ltd., Series 2019-3A, Class M1B                                                            | CUSIP: 07877GAB5<br>LEI: 254900SCWI9IDKK5LV64 | Long             | ABS-MBS          | CORP              | BM        |    205520 | PA      | $205418.99    | 0.02%             | 2029-07-25      | Floating      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| Affirm Asset Securitization Trust                                                  | Affirm Asset Securitization Trust, Series 2022-X1, Class A                                               | CUSIP: 00834HAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1059629 | PA      | $1029973.38   | 0.10%             | 2027-02-15      | Fixed         | 1.75%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                                      | CUSIP: 91282CEG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40703500 | PA      | $39503955.64  | 3.90%             | 2024-03-31      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CPS Auto Receivables Trust                                                         | CPS Auto Receivables Trust, Series 2022-A, Class B                                                       | CUSIP: 12659WAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2195000 | PA      | $2124302.56   | 0.21%             | 2029-04-16      | Fixed         | 1.70%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA                                                                                                     | CUSIP: 3135G0V34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   5000000 | PA      | $4879956.00   | 0.48%             | 2024-02-05      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                                      | CUSIP: 91282CBU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 117000000 | PA      | $115819095.60 | 11.45%            | 2023-03-31      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                | U.S. Treasury 2 Year Note                                                                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       460 | NC      | $54898.17     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.                                                  | Philip Morris International, Inc.                                                                        | CUSIP: 718172CU1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1509000 | PA      | $1516128.52   | 0.15%             | 2025-11-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                              | Metropolitan Transportation Authority, Revenue Bonds, Series 2010B-1                                     | CUSIP: 59259YBZ1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |      6000 | PA      | $6176.67      | 0.00%             | 2039-11-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                                                   | NMEF Funding LLC, Series 2022-B, Class A2                                                                | CUSIP: 62890MAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    931000 | PA      | $928476.34    | 0.09%             | 2029-06-15      | Fixed         | 6.07%                 | Yes           |                  2 | On Loan: No      |
| Rad CLO 7 Ltd.                                                                     | Rad CLO 7 Ltd., Series 2020-7A, Class C                                                                  | CUSIP: 48661CAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    970000 | PA      | $920275.86    | 0.09%             | 2033-04-17      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| FHLB                                                                               | FHLB                                                                                                     | CUSIP: 3130APU29<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGA              | US        |  22000000 | PA      | $21200432.00  | 2.10%             | 2023-11-09      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC, Series 3305, Class FT                                                                             | CUSIP: 31397GTA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     47728 | PA      | $46828.76     | 0.00%             | 2034-07-15      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                                         | Aviation Capital Group LLC                                                                               | CUSIP: 05369AAL5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    623000 | PA      | $526472.82    | 0.05%             | 2026-09-20      | Fixed         | 1.95%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC, Series 4483, Class A                                                                              | CUSIP: 3137BJZ22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    193212 | PA      | $186764.77    | 0.02%             | 2029-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series 2014-49, Class AF                                                                           | CUSIP: 3136AKWD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1583211 | PA      | $1536461.71   | 0.15%             | 2044-08-25      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                                      | CUSIP: 91282CCD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27722000 | PA      | $27226031.24  | 2.69%             | 2023-05-31      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| FFCB                                                                               | FFCB                                                                                                     | CUSIP: 3133ENLF5<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGA              | US        |  20000000 | PA      | $19198000.00  | 1.90%             | 2024-01-18      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Foursight Capital Automobile Receivables Trust                                     | Foursight Capital Automobile Receivables Trust, Series 2021-1, Class C                                   | CUSIP: 35105WAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1411000 | PA      | $1336992.20   | 0.13%             | 2026-09-15      | Fixed         | 1.02%                 | Yes           |                  2 | On Loan: No      |
| Rad CLO 2 Ltd.                                                                     | Rad CLO 2 Ltd., Series 2018-2A, Class AR                                                                 | CUSIP: 48661TAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3513691 | PA      | $3454425.57   | 0.34%             | 2031-10-15      | Floating      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series 2015-C02, Class 1M2                                                                         | CUSIP: 30711XAX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |     59780 | PA      | $60077.70     | 0.01%             | 2025-05-25      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC, Series 4459, Class CA                                                                             | CUSIP: 3137BHTF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    421747 | PA      | $420470.37    | 0.04%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                            | San Francisco Bay Area Toll Authority, Subordinate Toll Bridge, Revenue Bonds, Series 2010-S1            | CUSIP: 072024NT5<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |      1000 | PA      | $1050.22      | 0.00%             | 2030-04-01      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                     | Morgan Stanley                                                                                           | CUSIP: 61747YEV3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1716000 | PA      | $1765802.95   | 0.17%             | 2028-10-18      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| NatWest Group plc                                                                  | NatWest Group plc                                                                                        | CUSIP: 639057AG3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    520000 | PA      | $545034.98    | 0.05%             | 2026-11-10      | Variable      | 7.47%                 | No            |                  2 | On Loan: —       |
| State of Georgia                                                                   | State of Georgia, General Obligation Bonds, Series 2009H                                                 | CUSIP: 373384NZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      1000 | PA      | $997.37       | 0.00%             | 2025-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                            | San Francisco Bay Area Toll Authority, Subordinate Toll Bridge, Revenue Bonds, Series 2010-S1            | CUSIP: 072024NU2<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |      6000 | PA      | $7010.55      | 0.00%             | 2040-04-01      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC, Series 3349, Class FE                                                                             | CUSIP: 31397JV68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    891705 | PA      | $878299.28    | 0.09%             | 2037-07-15      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| CLNY Trust                                                                         | CLNY Trust, Series 2019-IKPR, Class D                                                                    | CUSIP: 12564NAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2400000 | PA      | $2220184.08   | 0.22%             | 2038-11-15      | Floating      | 6.34%                 | Yes           |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue            | City of New York Transitional Finance Authority, Future Tax Secured Bonds, Revenue Bonds, Series 2011A   | CUSIP: 64971M4P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      7000 | PA      | $7184.91      | 0.00%             | 2037-08-01      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District                                                | County of Los Angeles Unified School District, General Obligation Bonds, Series 2009-KRY                 | CUSIP: 544646XY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      6000 | PA      | $6207.89      | 0.00%             | 2029-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series 2011-86, Class NF                                                                           | CUSIP: 3136A0J65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     64384 | PA      | $63296.88     | 0.01%             | 2041-09-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| FFCB                                                                               | FFCB                                                                                                     | CUSIP: 3133EMM66<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGA              | US        |  35000000 | PA      | $34234665.50  | 3.38%             | 2023-06-28      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| PMT Credit Risk Transfer Trust                                                     | PMT Credit Risk Transfer Trust, Series 2019-3R, Class A                                                  | CUSIP: 69349MAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     98184 | PA      | $93901.97     | 0.01%             | 2031-11-27      | Floating      | 8.09%                 | Yes           |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO 7 Ltd.                                           | Goldentree Loan Management US CLO 7 Ltd., Series 2020-7A, Class AR                                       | CUSIP: 38138LAL2<br>LEI: 549300DO8S88M0JNL340 | Long             | ABS-CBDO         | CORP              | KY        |   2550000 | PA      | $2476501.35   | 0.24%             | 2034-04-20      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series 2007-109, Class GF                                                                          | CUSIP: 31396X2G8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     66421 | PA      | $65753.95     | 0.01%             | 2037-12-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                                      | CUSIP: 91282CEX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29738900 | PA      | $29031126.08  | 2.87%             | 2024-06-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                       | UBS Group AG                                                                                             | CUSIP: 902613AM0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    596000 | PA      | $583319.09    | 0.06%             | 2026-05-12      | Variable      | 4.49%                 | Yes           |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                       | Arizona Salt River Project, Agricultural Improvement & Power District, Revenue Bonds, Series 2010A       | CUSIP: 79575DE63<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |     18000 | PA      | $17571.51     | 0.00%             | 2041-01-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District                                             | Los Angeles Community College District                                                                   | CUSIP: 54438CNZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     31000 | PA      | $37192.82     | 0.00%             | 2042-08-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                              | Bank of America Corp.                                                                                    | CUSIP: 06051GKP3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2279000 | PA      | $2177516.13   | 0.22%             | 2028-04-27      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                     | Morgan Stanley                                                                                           | CUSIP: 61747YER2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    853000 | PA      | $811635.81    | 0.08%             | 2028-04-20      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                                         | UMBS                                                                                                     | CUSIP: 31346YAV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1049173 | PA      | $974314.38    | 0.10%             | 2049-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                                      | CUSIP: 91282CDR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20295700 | PA      | $19516726.68  | 1.93%             | 2023-12-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                               | FNMA, Series 2006-42, Class CF                                                                           | CUSIP: 31395DVV8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42759 | PA      | $42185.56     | 0.00%             | 2036-06-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC, Series 4457, Class BA                                                                             | CUSIP: 3137BHVG9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2794653 | PA      | $2577644.66   | 0.25%             | 2039-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG                                                                   | Credit Suisse AG                                                                                         | CUSIP: 22546DAA4<br>LEI: ANGGYXNX0JLX3X63JN86 | Long             | DBT              | CORP              | CH        |   1698000 | PA      | $1642815.00   | 0.16%             | 2023-08-08      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                             | Chase Mortgage Finance Corp., Series 2019-CL1, Class M3                                                  | CUSIP: 46591HAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300643 | PA      | $288066.60    | 0.03%             | 2047-04-25      | Floating      | 6.49%                 | Yes           |                  2 | On Loan: No      |
| Kyndryl Holdings, Inc.                                                             | Kyndryl Holdings, Inc.                                                                                   | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   4060000 | PA      | $3331617.32   | 0.33%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Go Mortgage LLC                                                                    | Go Mortgage LLC                                                                                          | CUSIP: 36261CAE1<br>LEI: 25490018IFQOT83Q7H49 | Long             | ABS-O            | CORP              | US        |     98000 | PA      | $88914.22     | 0.01%             | 2026-08-15      | Variable      | 2.64%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                                                       | Drive Auto Receivables Trust, Series 2021-1, Class C                                                     | CUSIP: 262108AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1230000 | PA      | $1203451.80   | 0.12%             | 2027-06-15      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                                 | Banco Bilbao Vizcaya Argentaria SA                                                                       | CUSIP: 05946KAK7<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |   1600000 | PA      | $1599918.24   | 0.16%             | 2026-09-14      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| Radnor RE Ltd.                                                                     | Radnor RE Ltd., Series 2019-2, Class M1B                                                                 | CUSIP: 75049TAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    210930 | PA      | $210690.67    | 0.02%             | 2029-06-25      | Floating      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                       | GS Mortgage Securities Trust, Series 2011-GC5, Class AS                                                  | CUSIP: 36191YAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2839031 | PA      | $2778075.77   | 0.27%             | 2044-08-10      | Variable      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC                                                                                                    | CUSIP: 3137EAEU9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  12900000 | PA      | $11679963.15  | 1.15%             | 2025-07-21      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                                         | UMBS                                                                                                     | CUSIP: 31346YA29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    785577 | PA      | $730017.04    | 0.07%             | 2049-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                                 | State of New York Dormitory Authority, Personal Income Tax, Revenue Bonds, Series 2010D                  | CUSIP: 649902T29<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |      6000 | PA      | $6065.30      | 0.00%             | 2030-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                                 | Banco Santander SA                                                                                       | CUSIP: 05964HAQ8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $556744.68    | 0.06%             | 2028-03-24      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| State of California                                                                | State of California, Various Purposes, General Obligation Bonds, Series 2009                             | CUSIP: 13063BBU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      6000 | PA      | $7324.03      | 0.00%             | 2039-11-01      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust                                                                | CNH Equipment Trust, Series 2022-C, Class A2                                                             | CUSIP: 12664JAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2513000 | PA      | $2524552.26   | 0.25%             | 2026-07-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC, Series 4087, Class FB                                                                             | CUSIP: 3137AS4Q4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    851662 | PA      | $831123.43    | 0.08%             | 2042-07-15      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp.                                                              | Las Vegas Sands Corp.                                                                                    | CUSIP: 517834AH0<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   2462000 | PA      | $2260741.35   | 0.22%             | 2025-06-25      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Crossroads Asset Trust                                                             | Crossroads Asset Trust, Series 2021-A, Class B                                                           | CUSIP: 22767CAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1058000 | PA      | $1035408.63   | 0.10%             | 2025-06-20      | Fixed         | 1.12%                 | Yes           |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                    | City of New York, Municipal Water Finance Authority, Water & Sewer System, Revenue Bonds, Series 2010GG  | CUSIP: 64972FT30<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |      8000 | PA      | $8609.69      | 0.00%             | 2042-06-15      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| FHLMC STACR REMIC Trust                                                            | FHLMC STACR REMIC Trust, Series 2022-DNA6, Class M1A                                                     | CUSIP: 35564KH36<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1051306 | PA      | $1051947.28   | 0.10%             | 2042-09-25      | Floating      | 6.08%                 | Yes           |                  2 | On Loan: No      |
| FHLB                                                                               | FHLB                                                                                                     | CUSIP: 3133XGAY0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGA              | US        |     12000 | PA      | $13181.36     | 0.00%             | 2036-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Workday, Inc.                                                                      | Workday, Inc.                                                                                            | CUSIP: 98138HAG6<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |   1138000 | PA      | $1067737.95   | 0.11%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Dryden 78 CLO Ltd.                                                                 | Dryden 78 CLO Ltd., Series 2020-78A, Class D                                                             | CUSIP: 26253LAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $780113.85    | 0.08%             | 2033-04-17      | Floating      | 7.08%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC                                                                                                    | CUSIP: 3137EAEN5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |   2717000 | PA      | $2690078.88   | 0.27%             | 2023-06-19      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                       | GS Mortgage Securities Trust, Series 2011-GC5, Class D                                                   | CUSIP: 36191YAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     49051 | PA      | $21386.72     | 0.00%             | 2044-08-10      | Variable      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Dryden 78 CLO Ltd.                                                                 | Dryden 78 CLO Ltd., Series 2020-78A, Class C                                                             | CUSIP: 26253LAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2120000 | PA      | $1995765.88   | 0.20%             | 2033-04-17      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| Radnor RE Ltd.                                                                     | Radnor RE Ltd., Series 2020-1, Class M1A                                                                 | CUSIP: 750493AA6<br>LEI: 254900YVLP8CB4GC2O97 | Long             | ABS-MBS          | CORP              | BM        |    159322 | PA      | $159096.79    | 0.02%             | 2030-01-25      | Floating      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue                 | City & County of San Francisco Public Utilities Commission, Revenue Bonds, Series 2010E                  | CUSIP: 79765RTK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      8000 | PA      | $8626.08      | 0.00%             | 2040-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                                          | Nelnet Student Loan Trust, Series 2021-CA, Class AFX                                                     | CUSIP: 64035GAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2241114 | PA      | $1981959.31   | 0.20%             | 2062-04-20      | Fixed         | 1.32%                 | Yes           |                  2 | On Loan: No      |
| BFLD Trust                                                                         | BFLD Trust, Series 2021-FPM, Class A                                                                     | CUSIP: 05554BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4795000 | PA      | $4571595.20   | 0.45%             | 2038-06-15      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BANK SECURITIES INC.                                                      | Treasury Repurchase Agreement                                                                            | CUSIP: N/A<br>LEI: 9J6MBOOO7BECTDTUZW19       | Long             | RA               | CORP              | US        |    562575 | PA      | $562575.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| State of Washington                                                                | State of Washington Motor Vehicle Fuel Tax, Revenue Bonds, Series 2010F                                  | CUSIP: 93974CRF9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |      6000 | PA      | $6149.95      | 0.00%             | 2033-08-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                               | JPMorgan Chase & Co.                                                                                     | CUSIP: 46647PDG8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2091000 | PA      | $2042519.75   | 0.20%             | 2028-07-25      | Variable      | 4.85%                 | No            |                  2 | On Loan: No      |
| FHLB                                                                               | FHLB                                                                                                     | CUSIP: 3130ATT31<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGA              | US        |  45000000 | PA      | $45076680.00  | 4.45%             | 2024-10-03      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust VII                                       | Research-Driven Pagaya Motor Asset Trust VII, Series 2022-3A, Class A                                    | CUSIP: 76088TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2033566 | PA      | $1981800.04   | 0.20%             | 2030-11-25      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC                                                                                                    | CUSIP: 3137EAEP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGA              | US        |  25500000 | PA      | $24033138.00  | 2.38%             | 2025-02-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                                           | U.S. Treasury Notes                                                                                      | CUSIP: 91282CFQ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16335300 | PA      | $16294824.39  | 1.61%             | 2024-10-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                                         | UMBS                                                                                                     | CUSIP: 31339UZQ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1290512 | PA      | $1201660.83   | 0.12%             | 2049-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                   | Pennsylvania Turnpike Commission, Revenue Bonds, Series 2010B                                            | CUSIP: 709223ZZ7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |      7000 | PA      | $7050.06      | 0.00%             | 2049-12-01      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                      | North Texas Tollway Authority                                                                            | CUSIP: 66285WFB7<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |      8000 | PA      | $9481.71      | 0.00%             | 2049-01-01      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| Santander Consumer Auto Receivables Trust                                          | Santander Consumer Auto Receivables Trust, Series 2021-BA, Class B                                       | CUSIP: 802824AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1534053 | PA      | $1506949.83   | 0.15%             | 2028-10-16      | Fixed         | 1.45%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                                              | FHLMC, Series 4286, Class VF                                                                             | CUSIP: 3137B6VQ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    628998 | PA      | $612342.40    | 0.06%             | 2043-12-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd.                                                                       | OCP CLO Ltd., Series 2020-18A, Class AR                                                                  | CUSIP: 671078AN3<br>LEI: 254900MN6N176YEZLX15 | Long             | ABS-CBDO         | CORP              | KY        |   3424000 | PA      | $3348100.19   | 0.33%             | 2032-07-20      | Floating      | 5.33%                 | Yes           |                  2 | On Loan: No      |
| Las Vegas Sands Corp.                                                              | Las Vegas Sands Corp.                                                                                    | CUSIP: 517834AG2<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   1453000 | PA      | $1382108.42   | 0.14%             | 2024-08-08      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County Convention Center Authority | County of Nashville & Davidson Convention Center Authority, Revenue Bonds, Series 2010B                  | CUSIP: 592125AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      6000 | PA      | $6702.52      | 0.00%             | 2043-07-01      | Fixed         | 6.73%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                                            | Santander Bank Auto Credit-Linked Notes, Series 2022-B, Class B                                          | CUSIP: 80290CAX2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1944670 | PA      | $1935706.53   | 0.19%             | 2032-08-16      | Fixed         | 5.72%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** EQ Advisors Trust

**Signature:** Brian Walsh

**Name of Signer:** Brian Walsh

**Title:** Chief Financial Officer and Treasurer