# EDGAR Filing Document

**Accession Number:** 0001418144
**File Stem:** 0001418144-25-000239
**Filing Date:** 2025-12
**Character Count:** 153812
**Document Hash:** 72af451f9422dfc7104967ec36a24fb2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001418144-25-000239.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0001418144-25-000239

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** INVESCO ACTIVELY MANAGED EXCHANGE-TRADED FUND TRUST
- **CENTRAL INDEX KEY:** 0001418144

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22148
- **FILM NUMBER:** 251612527

**BUSINESS ADDRESS:**
- **STREET 1:** 3500 LACEY ROAD
- **STREET 2:** SUITE 700
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515
- **BUSINESS PHONE:** 800-983-0903

**MAIL ADDRESS:**
- **STREET 1:** 3500 LACEY ROAD
- **STREET 2:** SUITE 700
- **CITY:** DOWNERS GROVE
- **STATE:** IL
- **ZIP:** 60515

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Powershares Actively Managed Exchange-Traded Fund Trust
- **DATE OF NAME CHANGE:** 20071109

## Series and Classes Contracts Data

### Invesco Variable Rate Investment Grade ETF (Series ID: S000051678)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000162616 | Invesco Variable Rate Investment Grade ETF | VRIG            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Invesco Actively Managed Exchange-Traded Fund Trust

- **b. Investment Company Act file number:** 811-22148

- **c. CIK number of Registrant:** 0001418144

- **d. LEI of Registrant:** 549300S7YWBLZ3UGI217

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

  - **Street Address 1:** 3500 Lacey Road

  - **City:** Downers Grove

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60515

  - **Telephone number:** 800-983-0903

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

- **a. Name of Series:** Invesco Variable Rate Investment Grade ETF

- **b. EDGAR series identifier (if any):** S000051678

- **c. LEI of Series:** 549300J21GX50YC4UV93

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

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

- **b. Date as of which information is reported:** 2025-10-31

**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:** $1298551940.12

**Total Liabilities:** $11236638.76

**Net Assets:** $1287315301.36

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -4635.81132685 | **1-Year:** -85635.04129574 | **5-Year:** -95425.17408020 | **10-Year:** -29945.51362078 | **30-Year:** -5666.38448149

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

- **3-Month:** -151.53077059 | **1-Year:** -1352.58057260 | **5-Year:** -2893.65912495 | **10-Year:** -1974.11399976 | **30-Year:** -126.95624999

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000162616 | 0.47%                | 0.42%                | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $13747.90                | $810120.28                                 |
| Month 2  | $109838.51               | $-417814.88                                |
| Month 3  | $234649.32               | $-361132.45                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WaMu Mortgage Pass-Through Ctfs. Trust                 | WaMu Mortgage Pass-Through Ctfs. Trust, Series 2004-AR3, Class A2                | CUSIP: 92922FNJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     35465 | PA      | $33926.37     | 0.00%             | 2034-06-25      | Variable      | 4.52%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                  | Westlake Automobile Receivables Trust, Series 2023-4A, Class C                   | CUSIP: 96041AAL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3059045.40   | 0.24%             | 2028-11-15      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                       | Skandinaviska Enskilda Banken AB                                                 | CUSIP: 830505BL6<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |   7500000 | PA      | $7514428.80   | 0.58%             | 2030-09-03      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| CPS Auto Receivables Trust                             | CPS Auto Receivables Trust, Series 2023-D, Class C                               | CUSIP: 12598VAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4053738.40   | 0.31%             | 2030-01-15      | Fixed         | 7.17%                 | No            |                  2 | On Loan: No      |
| Navistar Financial Dealer Note Master Owner Trust      | Navistar Financial Dealer Note Master Owner Trust, Series 2024-1, Class B        | CUSIP: 63938PBX6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2080000 | PA      | $2092227.90   | 0.16%             | 2029-04-25      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Co. of New York, Inc.              | Consolidated Edison Co. of New York, Inc.                                        | CUSIP: 209111GL1<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |   1324000 | PA      | $1325092.45   | 0.10%             | 2027-11-18      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2025-HQA1, Class M1                                          | CUSIP: 35564NGZ0<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | USGSE             | US        |   3752377 | PA      | $3756660.87   | 0.29%             | 2045-02-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                      | Wells Fargo & Co.                                                                | CUSIP: 95000U3U5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3802929.04   | 0.30%             | 2029-04-23      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                  | Athene Global Funding                                                            | CUSIP: 04685A4M0<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3004903.86   | 0.23%             | 2028-03-06      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                          | Citibank N.A.                                                                    | CUSIP: 17325FBD9<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75542.82     | 0.01%             | 2026-12-04      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                             | J.P. Morgan Mortgage Trust, Series 2019-LTV3, Class A1                           | CUSIP: 46651HBC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       723 | PA      | $723.72       | 0.00%             | 2050-03-25      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank, Ltd.                       | Sumitomo Mitsui Trust Bank, Ltd.                                                 | CUSIP: 86563VBW8<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    125000 | PA      | $126290.93    | 0.01%             | 2027-09-10      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | Morgan Stanley                                                                   | CUSIP: 61747YFW0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3550523.24   | 0.28%             | 2029-04-12      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2022-DNA2, Class M1                                          | CUSIP: 35564KRE1<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | USGSE             | US        |   1118135 | PA      | $1120013.42   | 0.09%             | 2042-02-25      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2021-DNA5, Class M2                                          | CUSIP: 35564KHE2<br>LEI: 5493000ISU5NYXNHD479 | Long             | ABS-MBS          | USGSE             | US        |   1109431 | PA      | $1112038.99   | 0.09%             | 2034-01-25      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Banco Santander S.A.                                   | Banco Santander S.A.                                                             | CUSIP: 05964HBC8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   1200000 | PA      | $1209207.07   | 0.09%             | 2028-03-14      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| CPS Auto Receivables Trust                             | CPS Auto Receivables Trust, Series 2024-D, Class C                               | CUSIP: 22411JAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1558000 | PA      | $1557566.56   | 0.12%             | 2031-01-15      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2024-HQA2, Class M1                                          | CUSIP: 35564NDZ3<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | USGSE             | US        |   1495889 | PA      | $1499609.17   | 0.12%             | 2044-08-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2024-HQA1, Class M2                                          | CUSIP: 35564NCA9<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | USGSE             | US        |   3000000 | PA      | $3035355.60   | 0.24%             | 2044-03-25      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel                     | Banque Federative du Credit Mutuel                                               | CUSIP: 06675DCP5<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $5043033.05   | 0.39%             | 2030-01-22      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2024-DNA3, Class M2                                          | CUSIP: 35564NFA6<br>LEI: 529900P3PHNE8PW64Z68 | Long             | ABS-MBS          | USGSE             | US        |    887000 | PA      | $888028.57    | 0.07%             | 2044-10-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2025-R03, Class 2M2             | CUSIP: 20754VAC1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $1012247.40   | 0.08%             | 2045-03-25      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                        | Goldman Sachs Group, Inc. (The)                                                  | CUSIP: 38141GXX7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2460000 | PA      | $2463292.10   | 0.19%             | 2027-03-09      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Federal Home Loan Mortgage Corp., ARM                                            | CUSIP: 31288QYM6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2467400 | PA      | $2568620.39   | 0.20%             | 2047-11-01      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2025-DNA2, Class A1                                          | CUSIP: 35564NHY2<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | USGSE             | US        |   1251250 | PA      | $1255847.59   | 0.10%             | 2045-05-25      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Floating Rate Notes                      | U.S. Treasury Floating Rate Notes                                                | CUSIP: 91282CMJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 121100000 | PA      | $120979142.20 | 9.40%             | 2027-01-31      | Floating      | 3.86%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPMorgan Chase & Co.                                                             | CUSIP: 46647PET9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5200000 | PA      | $5210328.92   | 0.40%             | 2029-01-24      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                         | ING Groep N.V.                                                                   | CUSIP: 456837BJ1<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   6575000 | PA      | $6628500.91   | 0.51%             | 2027-09-11      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2025-R06, Class 1A1             | CUSIP: 20754YAA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4424581 | PA      | $4428719.89   | 0.34%             | 2045-09-25      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | Citigroup Inc.                                                                   | CUSIP: 17327CAX1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3274000 | PA      | $3275872.60   | 0.25%             | 2029-03-04      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                     | General Motors Financial Co., Inc.                                               | CUSIP: 37045XES1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6534911.96   | 0.51%             | 2027-05-08      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| MED Commercial Mortgage Trust 2024-MOB                 | MED Commercial Mortgage Trust 2024-MOB, Series 2024-MOB, Class A                 | CUSIP: 55287BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4991414.00   | 0.39%             | 2041-05-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Banco Santander S.A.                                   | Banco Santander S.A.                                                             | CUSIP: 05964HBE4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   5000000 | PA      | $5029445.05   | 0.39%             | 2028-07-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| BX Trust                                               | BX Trust, Series 2021-LGCY, Class B                                              | CUSIP: 12434DAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3630000 | PA      | $3613104.17   | 0.28%             | 2036-10-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | Citigroup Inc.                                                                   | CUSIP: 172967NH0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6077000 | PA      | $6134994.63   | 0.48%             | 2028-02-24      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                              | OBX Trust, Series 2020-INV1, Class A11                                           | CUSIP: 67113CAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    161661 | PA      | $153589.66    | 0.01%             | 2049-12-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                     | Freddie Mac REMICs                                                               | CUSIP: 3137ATEJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    114037 | PA      | $113377.63    | 0.01%             | 2041-06-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2022-DNA6, Class M1                                          | CUSIP: 35564KH36<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-MBS          | USGSE             | US        |    286164 | PA      | $287809.94    | 0.02%             | 2042-09-25      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                  | Athene Global Funding                                                            | CUSIP: 04685A3W9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   6775000 | PA      | $6791458.37   | 0.53%             | 2026-05-08      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2024-R04, Class 1M1             | CUSIP: 20753GAB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1330037 | PA      | $1330837.51   | 0.10%             | 2044-05-25      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2023-DNA1, Class M1                                          | CUSIP: 35564KP37<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-MBS          | USGSE             | US        |   1930590 | PA      | $1959337.68   | 0.15%             | 2043-03-25      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank (The)                         | Huntington National Bank (The)                                                   | CUSIP: 44644MAL5<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   3103000 | PA      | $3102519.22   | 0.24%             | 2028-04-12      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| STRU_CITI-7177                                         | STRU_CITI-7177                                                                   | CUSIP: BCCJ6LGG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10035934.12  | 0.78%             | 2055-11-25      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2023-HQA3, Class M2                                          | CUSIP: 35564NAA1<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | USGSE             | US        |   6000000 | PA      | $6327363.60   | 0.49%             | 2043-11-25      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2025-R04, Class 1M1             | CUSIP: 20755TAB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2583411 | PA      | $2589473.47   | 0.20%             | 2045-05-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                | Daimler Truck Finance North America LLC                                          | CUSIP: 233853AX8<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4267570.99   | 0.33%             | 2027-09-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R01, Class 1M1             | CUSIP: 207932AA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3649960 | PA      | $3730224.88   | 0.29%             | 2042-12-25      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2023-HQA2, Class M1                                          | CUSIP: 35564K2G3<br>LEI: 5493000KIGZAWUOW4E32 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2596206.50   | 0.20%             | 2043-06-25      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | Bank of America Corp.                                                            | CUSIP: 06051GKH1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1685000 | PA      | $1696277.10   | 0.13%             | 2028-02-04      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust A             | Ford Credit Floorplan Master Owner Trust A, Series 2023-1, Class A2              | CUSIP: 34528QHW7<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2512808.00   | 0.20%             | 2028-05-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2025-DNA4, Class A1                                          | CUSIP: 35564UBQ9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2535000 | PA      | $2542129.69   | 0.20%             | 2045-10-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                      | Wells Fargo & Co.                                                                | CUSIP: 95000U3M3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   7075000 | PA      | $7124182.78   | 0.55%             | 2028-04-22      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                      | Fannie Mae REMICs                                                                | CUSIP: 3136BUS35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |   4397922 | PA      | $4419941.39   | 0.34%             | 2054-07-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R02, Class 1M2             | CUSIP: 20755AAC6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    700000 | PA      | $730961.98    | 0.06%             | 2043-01-25      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                               | Lloyds Banking Group PLC                                                         | CUSIP: 539439BB4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    125000 | PA      | $125579.28    | 0.01%             | 2028-11-26      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                              | Bank of Nova Scotia (The)                                                        | CUSIP: 06418GAR8<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   5625000 | PA      | $5636050.59   | 0.44%             | 2029-02-14      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers VII Ltd.                   | Textainer Marine Containers VII Ltd., Series 2020-1A, Class A                    | CUSIP: 88315LAE8<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |   1615422 | PA      | $1557862.35   | 0.12%             | 2045-08-21      | Fixed         | 2.73%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607L8D8<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $251904.66    | 0.02%             | 2027-06-28      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                         | Pacific Life Global Funding II                                                   | CUSIP: 6944PL2V0<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   2265000 | PA      | $2277751.88   | 0.18%             | 2026-07-28      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                      | Fannie Mae REMICs                                                                | CUSIP: 3136B0GG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    137139 | PA      | $135819.82    | 0.01%             | 2047-12-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC               | Volkswagen Group of America Finance, LLC                                         | CUSIP: 928668CJ9<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   6700000 | PA      | $6727223.31   | 0.52%             | 2026-08-14      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | Citigroup Inc.                                                                   | CUSIP: 172967QB0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5082553.60   | 0.39%             | 2031-05-07      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                | Daimler Truck Finance North America LLC                                          | CUSIP: 233853BB5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4004740.00   | 0.31%             | 2028-01-13      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2022-R02, Class 2M1             | CUSIP: 20754BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1174570 | PA      | $1174624.58   | 0.09%             | 2042-01-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2022-R04, Class 1M2             | CUSIP: 20753YCK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4510000 | PA      | $4638675.71   | 0.36%             | 2042-03-25      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Ctfs.  | Freddie Mac Multifamily Structured Pass Through Ctfs., Series KF81, Class AS     | CUSIP: 3137FUZS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    619391 | PA      | $618707.38    | 0.05%             | 2027-06-25      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                | Hyundai Capital America                                                          | CUSIP: 44891ADN4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3002253.12   | 0.23%             | 2028-01-07      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Credit Agricole S.A.                                   | Credit Agricole S.A.                                                             | CUSIP: 22535WAM9<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |     75000 | PA      | $75461.87     | 0.01%             | 2028-09-11      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| NTT Finance Corp.                                      | NTT Finance Corp.                                                                | CUSIP: 62954WAR6<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   2333000 | PA      | $2357883.73   | 0.18%             | 2028-07-16      | Floating      | 5.18%                 | No            |                  2 | On Loan: —       |
| ABN AMRO Bank N.V.                                     | ABN AMRO Bank N.V.                                                               | CUSIP: 00084DBB5<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   7000000 | PA      | $7071961.05   | 0.55%             | 2027-09-18      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                     | Freddie Mac REMICs                                                               | CUSIP: 3137HKQD9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   6200090 | PA      | $6223257.39   | 0.48%             | 2055-04-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                      | Fannie Mae REMICs                                                                | CUSIP: 3136BULR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |   6540294 | PA      | $6566144.99   | 0.51%             | 2055-01-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Master Trust                  | Mission Lane Credit Card Master Trust, Series 2024-B, Class A                    | CUSIP: 60510MBE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3750000 | PA      | $3776647.88   | 0.29%             | 2030-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607PJ21<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $4024336.56   | 0.31%             | 2029-03-30      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                    | Bank of New York Mellon Corp. (The)                                              | CUSIP: 06406RBY2<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125381.32    | 0.01%             | 2028-07-21      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                 | Standard Chartered PLC                                                           | CUSIP: 853254CY4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   4000000 | PA      | $4065194.84   | 0.32%             | 2028-02-08      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance Trust                | Mello Mortgage Capital Acceptance Trust, Series 2021-INV2, Class A1              | CUSIP: 58549XBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2585482 | PA      | $2412754.36   | 0.19%             | 2051-08-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Ctfs.  | Freddie Mac Multifamily Structured Pass Through Ctfs., Series KF151, Class AS    | CUSIP: 3137H9QW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    732361 | PA      | $734804.23    | 0.06%             | 2032-12-25      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2021-DNA6, Class M2                                          | CUSIP: 35564KKY4<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | USGSE             | US        |   4662165 | PA      | $4682569.27   | 0.36%             | 2041-10-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2025-DNA2, Class M1                                          | CUSIP: 35564NHZ9<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | USGSE             | US        |   2761376 | PA      | $2766278.30   | 0.21%             | 2045-05-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R08, Class 1M1             | CUSIP: 20755CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    795627 | PA      | $798556.54    | 0.06%             | 2043-10-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                              | Corebridge Global Funding                                                        | CUSIP: 00138CAW8<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   4320000 | PA      | $4351174.85   | 0.34%             | 2026-09-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                    | GS Mortgage-Backed Securities Trust, Series 2025-HE2, Class A1                   | CUSIP: 362934AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3500000 | PA      | $3498780.29   | 0.27%             | 2065-12-25      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2021-VOLT, Class C                          | CUSIP: 05609VAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3875312 | PA      | $3873976.29   | 0.30%             | 2036-09-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Connecticut Avenue Securities Series 2025-R01          | Connecticut Avenue Securities Series 2025-R01, Series 2025-R01, Class 1A1        | CUSIP: 20755JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8868828 | PA      | $8878938.62   | 0.69%             | 2045-01-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association, ARM                                    | CUSIP: 3622AC2R0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2417910 | PA      | $2468648.33   | 0.19%             | 2049-08-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association, ARM                                       | CUSIP: 31410KQS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    375242 | PA      | $386873.26    | 0.03%             | 2035-07-01      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2024-R05, Class 2M2             | CUSIP: 20754XAC7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   6951000 | PA      | $6985600.69   | 0.54%             | 2044-07-25      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2023-HQA3, Class A1                                          | CUSIP: 35564K3F4<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | USGSE             | US        |   4514115 | PA      | $4559765.81   | 0.35%             | 2043-11-25      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel                     | Banque Federative du Credit Mutuel                                               | CUSIP: 06675DCH3<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |     75000 | PA      | $75511.90     | 0.01%             | 2027-01-23      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Ctfs.  | Freddie Mac Multifamily Structured Pass Through Ctfs., Series KF158, Class AS    | CUSIP: 3137HADA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   4133674 | PA      | $4151430.20   | 0.32%             | 2033-07-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPMorgan Chase & Co.                                                             | CUSIP: 46647PEF9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7541412.98   | 0.59%             | 2028-04-22      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale                                       | Societe Generale                                                                 | CUSIP: 83368RCJ9<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   4000000 | PA      | $4022582.20   | 0.31%             | 2029-05-22      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                       | Deutsche Bank AG                                                                 | CUSIP: 251526CN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   4050000 | PA      | $4068252.74   | 0.32%             | 2027-11-16      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                      | Fannie Mae REMICs                                                                | CUSIP: 3136BTME0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |   4527878 | PA      | $4539323.83   | 0.35%             | 2054-10-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                      | Fannie Mae REMICs                                                                | CUSIP: 3136AXP82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    396046 | PA      | $391319.27    | 0.03%             | 2047-09-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                      | HSBC Holdings PLC                                                                | CUSIP: 404280DY2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $2519665.55   | 0.20%             | 2027-08-14      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                        | BRAVO Residential Funding Trust, Series 2025-NQM3, Class A1                      | CUSIP: 105927AC1<br>LEI: 254900KREJHICFBDC014 | Long             | ABS-MBS          | CORP              | US        |   5111881 | PA      | $5152006.21   | 0.40%             | 2065-03-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                              | Corebridge Global Funding                                                        | CUSIP: 00138CBE7<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7000570.57   | 0.54%             | 2028-01-07      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                           | Santander Holdings USA, Inc.                                                     | CUSIP: 80282KBP0<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7605633.08   | 0.59%             | 2029-03-20      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| GMF Floorplan Owner Revolving Trust                    | GMF Floorplan Owner Revolving Trust, Series 2023-1, Class A2                     | CUSIP: 361886CS1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4018754.80   | 0.31%             | 2028-06-15      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| MHPA Commercial Mortgage Trust                         | MHPA Commercial Mortgage Trust, Series 2021-STOR, Class B                        | CUSIP: 55293BAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2495695.00   | 0.19%             | 2038-07-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                              | OBX Trust, Series 2019-EXP2, Class 2A2                                           | CUSIP: 67113KAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     95204 | PA      | $94305.59     | 0.01%             | 2059-06-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia (The)                              | Bank of Nova Scotia (The)                                                        | CUSIP: 06418GAD9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2575199.48   | 0.20%             | 2028-06-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                 | Standard Chartered PLC                                                           | CUSIP: 853254DD9<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   4000000 | PA      | $4024644.52   | 0.31%             | 2028-05-14      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | Bank of America Corp.                                                            | CUSIP: 06051GMN6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200468.24    | 0.02%             | 2029-01-24      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                       | SMB Private Education Loan Trust, Series 2024-D, Class A1B                       | CUSIP: 83207QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3387262 | PA      | $3381200.47   | 0.26%             | 2053-07-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                              | OBX Trust, Series 2025-HE1, Class A1                                             | CUSIP: 67121CAA4<br>LEI: 2549002GJHC7CO92J583 | Long             | ABS-MBS          | CORP              | US        |   2305472 | PA      | $2317653.16   | 0.18%             | 2055-02-25      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2025-R05, Class 2A1             | CUSIP: 20753CAA8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3102886 | PA      | $3109454.47   | 0.24%             | 2045-07-25      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                       | Bank of Montreal                                                                 | CUSIP: 06368LC61<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $3028501.17   | 0.24%             | 2026-12-11      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                           | Barclays PLC                                                                     | CUSIP: 06738ECQ6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   6500000 | PA      | $6569222.14   | 0.51%             | 2028-03-12      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC               | Volkswagen Group of America Finance, LLC                                         | CUSIP: 928668CT7<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8022141.44   | 0.62%             | 2027-03-25      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2024-DNA2, Class A1                                          | CUSIP: 35564NCW1<br>LEI: 529900GRKKKHILZX4347 | Long             | ABS-MBS          | USGSE             | US        |   2631704 | PA      | $2645570.34   | 0.21%             | 2044-05-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                | Hyundai Capital America                                                          | CUSIP: 44891ACZ8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4011059.08   | 0.31%             | 2027-03-19      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2022-R01, Class 1M1             | CUSIP: 20754LAA7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    678969 | PA      | $679023.75    | 0.05%             | 2041-12-25      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                     | Freddie Mac REMICs                                                               | CUSIP: 3137BMSH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    290772 | PA      | $289470.78    | 0.02%             | 2040-09-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                        | Goldman Sachs Group, Inc. (The)                                                  | CUSIP: 38141GVX9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1235120.96   | 0.10%             | 2027-10-28      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2022-DNA3, Class M1                                          | CUSIP: 35564KUX5<br>LEI: 5493000IS4M3TZMRB410 | Long             | ABS-MBS          | USGSE             | US        |   4730000 | PA      | $4914384.86   | 0.38%             | 2042-04-25      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bank, N.A.                                 | Fifth Third Bank, N.A.                                                           | CUSIP: 31677QBV0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   2634000 | PA      | $2637026.76   | 0.20%             | 2028-01-28      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2021-R03, Class 1M1             | CUSIP: 20754AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    394081 | PA      | $393862.24    | 0.03%             | 2041-12-25      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                 | Standard Chartered PLC                                                           | CUSIP: 85325C2F8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   3500000 | PA      | $3524116.23   | 0.27%             | 2029-01-21      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                          | Citigroup Mortgage Loan Trust, Series 2024-1, Class A11                          | CUSIP: 17332CBX3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3328942 | PA      | $3346242.20   | 0.26%             | 2054-07-25      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                             | Navient Student Loan Trust, Series 2021-1A, Class A1B                            | CUSIP: 63942NAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3761751 | PA      | $3753220.92   | 0.29%             | 2069-12-26      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | Citigroup Inc.                                                                   | CUSIP: 172967MZ1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    975000 | PA      | $976252.84    | 0.08%             | 2027-06-09      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| PayPal Holdings, Inc.                                  | PayPal Holdings, Inc.                                                            | CUSIP: 70450YAR4<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501731.94    | 0.04%             | 2028-03-06      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R06, Class 1M1             | CUSIP: 20754EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1375298 | PA      | $1380759.71   | 0.11%             | 2043-07-25      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                        | Goldman Sachs Group, Inc. (The)                                                  | CUSIP: 38141GC85<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1308000 | PA      | $1319120.13   | 0.10%             | 2028-04-23      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                              | OBX Trust, Series 2024-NQM5, Class A1                                            | CUSIP: 67448NAA6<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |    608441 | PA      | $614673.83    | 0.05%             | 2064-01-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | Bank of America Corp.                                                            | CUSIP: 06051GMU0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1511507.82   | 0.12%             | 2029-05-09      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                            | BNP Paribas                                                                      | CUSIP: 09659W3B8<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   6250000 | PA      | $6305042.50   | 0.49%             | 2029-05-09      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association, ARM                                       | CUSIP: 31411KLT8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    123833 | PA      | $127056.52    | 0.01%             | 2037-03-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                       | SMB Private Education Loan Trust, Series 2020-A, Class A2B                       | CUSIP: 78449UAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    584793 | PA      | $584634.23    | 0.05%             | 2037-09-15      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                     | Freddie Mac REMICs                                                               | CUSIP: 3137HDUN8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   7500000 | PA      | $7521846.00   | 0.58%             | 2054-07-25      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                  | Athene Global Funding                                                            | CUSIP: 04685A4B4<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6028319.10   | 0.47%             | 2026-08-27      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Federal Home Loan Mortgage Corp., ARM                                            | CUSIP: 31288QQF0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2262916 | PA      | $2327285.28   | 0.18%             | 2048-11-01      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.     | National Rural Utilities Cooperative Finance Corp.                               | CUSIP: 63743HFU1<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4022176.20   | 0.31%             | 2027-09-16      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Federal Home Loan Mortgage Corp., ARM                                            | CUSIP: 3128S4JW8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    103728 | PA      | $106179.56    | 0.01%             | 2037-06-01      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2025-HQA1, Class A1                                          | CUSIP: 35564NGY3<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | USGSE             | US        |   1656250 | PA      | $1658645.27   | 0.13%             | 2045-02-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2023-DNA1, Class M1                                          | CUSIP: 35564KP45<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-MBS          | USGSE             | US        |   7125000 | PA      | $7426723.09   | 0.58%             | 2043-03-25      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| Societe Generale                                       | Societe Generale                                                                 | CUSIP: 83368RBU5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   5575000 | PA      | $5622431.99   | 0.44%             | 2028-01-19      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R05, Class 1M2             | CUSIP: 207942AB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1100000 | PA      | $1146956.58   | 0.09%             | 2043-06-25      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp.                            | Pinnacle West Capital Corp.                                                      | CUSIP: 723484AL5<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200496.80    | 0.02%             | 2026-06-10      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                      | Fannie Mae REMICs                                                                | CUSIP: 3136BSLC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |   4409182 | PA      | $4422109.70   | 0.34%             | 2054-07-25      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                      | NatWest Group PLC                                                                | CUSIP: 639057AR9<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   3500000 | PA      | $3537275.98   | 0.27%             | 2028-11-15      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                       | Bank of Montreal                                                                 | CUSIP: 06368MJH8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $125388.74    | 0.01%             | 2029-01-27      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Federal Home Loan Mortgage Corp., ARM                                            | CUSIP: 31347AUU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    143490 | PA      | $149429.64    | 0.01%             | 2043-03-01      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                | CarMax Auto Owner Trust, Series 2024-1, Class C                                  | CUSIP: 14318WAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2035601.40   | 0.16%             | 2029-08-15      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2019-INV2                   | J.P. Morgan Mortgage Trust 2019-INV2, Series 2019-INV2, Class A1                 | CUSIP: 46651DAL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    147895 | PA      | $141203.65    | 0.01%             | 2050-02-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2025-R03, Class 2M1             | CUSIP: 20754VAB3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    509220 | PA      | $511215.76    | 0.04%             | 2045-03-25      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                      | Fannie Mae REMICs                                                                | CUSIP: 3136AMED7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    321282 | PA      | $314150.66    | 0.02%             | 2045-01-25      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                               | Lloyds Banking Group PLC                                                         | CUSIP: 53944YAW3<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   3158000 | PA      | $3183622.21   | 0.25%             | 2027-08-07      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust            | Bear Stearns Adjustable Rate Mortgage Trust, Series 2003-8, Class 4A1            | CUSIP: 07384MZV7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     90914 | PA      | $90921.38     | 0.01%             | 2034-01-25      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                     | General Motors Financial Co., Inc.                                               | CUSIP: 37045XEW2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4008503.56   | 0.31%             | 2027-07-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: —       |
| Jackson National Life Global Funding                   | Jackson National Life Global Funding                                             | CUSIP: 46849CJN2<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5021336.00   | 0.39%             | 2028-01-14      | Floating      | 5.07%                 | No            |                  2 | On Loan: —       |
| Freddie Mac                                            | Freddie Mac, Series 2023-HQA1, Class M1                                          | CUSIP: 35564KX79<br>LEI: 5493000IRHY5YZIPQD14 | Long             | ABS-MBS          | USGSE             | US        |   3023945 | PA      | $3051068.44   | 0.24%             | 2043-05-25      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                     | Freddie Mac REMICs                                                               | CUSIP: 3137HJWF0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   4354558 | PA      | $4347040.96   | 0.34%             | 2055-02-25      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) PLC                            | Rio Tinto Finance (USA) PLC                                                      | CUSIP: 76720AAY2<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   2716000 | PA      | $2743968.42   | 0.21%             | 2028-03-14      | Floating      | 5.00%                 | No            |                  2 | On Loan: —       |
| Bank of America Corp.                                  | Bank of America Corp.                                                            | CUSIP: 59022CAA1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2706000 | PA      | $2715497.52   | 0.21%             | 2026-09-15      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R06, Class 1M2             | CUSIP: 20754EAB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5180000 | PA      | $5336671.17   | 0.41%             | 2043-07-25      | Floating      | 6.88%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                               | Angel Oak Mortgage Trust, Series 2025-HB1, Class A1                              | CUSIP: 034936AA2<br>LEI: 254900ZFKOWCY24MSQ94 | Long             | ABS-MBS          | CORP              | US        |   1398288 | PA      | $1408498.75   | 0.11%             | 2055-02-25      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| ABN AMRO Bank N.V.                                     | ABN AMRO Bank N.V.                                                               | CUSIP: 00084DBE9<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |   7600000 | PA      | $7626084.04   | 0.59%             | 2028-12-03      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R04, Class 1M1             | CUSIP: 20754QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5613725 | PA      | $5737491.26   | 0.45%             | 2043-05-25      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                      | Wells Fargo & Co.                                                                | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5596000 | PA      | $5611779.71   | 0.44%             | 2028-01-24      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                    | GS Mortgage-Backed Securities Trust, Series 2024-HE2, Class A1                   | CUSIP: 36271AAA1<br>LEI: 254900W4Z6DJOVCWAH28 | Long             | ABS-MBS          | CORP              | US        |   4774156 | PA      | $4790609.98   | 0.37%             | 2055-01-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| MassMutual Global Funding II                           | MassMutual Global Funding II                                                     | CUSIP: 57629TBR7<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005608.58   | 0.08%             | 2027-01-29      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2022-R05, Class 2M2             | CUSIP: 20754DAB3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1750000 | PA      | $1794008.65   | 0.14%             | 2042-04-25      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                     | Freddie Mac REMICs                                                               | CUSIP: 3137HFQP3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   6725339 | PA      | $6738018.62   | 0.52%             | 2054-10-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC               | Volkswagen Group of America Finance, LLC                                         | CUSIP: 928668CD2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4003788.00   | 0.31%             | 2026-03-20      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                      | HSBC Holdings PLC                                                                | CUSIP: 404280EP0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $5043125.55   | 0.39%             | 2030-11-19      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                 | Merrill Lynch Mortgage Investors Trust, Series 2005-A2, Class A5                 | CUSIP: 59020USM8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     33507 | PA      | $31987.23     | 0.00%             | 2035-02-25      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                | Hyundai Capital America                                                          | CUSIP: 44891ADE4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   5225000 | PA      | $5243626.76   | 0.41%             | 2027-06-24      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                              | Morgan Stanley Bank, N.A.                                                        | CUSIP: 61690U8C7<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3211765.38   | 0.25%             | 2028-05-26      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                       | SMB Private Education Loan Trust, Series 2019-B, Class A2B                       | CUSIP: 83192CAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    866714 | PA      | $867552.87    | 0.07%             | 2037-06-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                              | Morgan Stanley Bank, N.A.                                                        | CUSIP: 61690U8D5<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5031668.85   | 0.39%             | 2028-07-14      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Federal Home Loan Mortgage Corp., ARM                                            | CUSIP: 3128S5MP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    182181 | PA      | $188065.57    | 0.01%             | 2038-11-01      | Floating      | 6.53%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPMorgan Chase & Co.                                                             | CUSIP: 46647PCY0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3527446.30   | 0.27%             | 2028-02-24      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank of New York                    | Standard Chartered Bank of New York                                              | CUSIP: 85325X2A3<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | DBT              | CORP              | GB        |   3000000 | PA      | $3007397.97   | 0.23%             | 2026-10-08      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                  | Athene Global Funding                                                            | CUSIP: 04685A4T5<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8007523.12   | 0.62%             | 2028-09-18      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2025-R05, Class 2M1             | CUSIP: 20753CAB6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8412316 | PA      | $8432653.33   | 0.66%             | 2045-07-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2024-DNA3, Class A1                                          | CUSIP: 35564NEY5<br>LEI: 529900P3PHNE8PW64Z68 | Long             | ABS-MBS          | USGSE             | US        |    668750 | PA      | $670345.50    | 0.05%             | 2044-10-25      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                             | J.P. Morgan Mortgage Trust, Series 2024-9, Class A11                             | CUSIP: 46593DAX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1974965 | PA      | $1980095.75   | 0.15%             | 2055-02-25      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass Through Ctfs.  | Freddie Mac Multifamily Structured Pass Through Ctfs., Series KF65, Class A      | CUSIP: 3137FNAS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   1439797 | PA      | $1440812.05   | 0.11%             | 2029-07-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Ufj Financial Group, Inc.                   | Mitsubishi Ufj Financial Group, Inc.                                             | CUSIP: 606822DJ0<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   2306000 | PA      | $2347692.80   | 0.18%             | 2031-04-24      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                        | Goldman Sachs Group, Inc. (The)                                                  | CUSIP: 38141GYH1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3507966.14   | 0.27%             | 2027-09-10      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                   | Macquarie Group Ltd.                                                             | CUSIP: 55607PAE5<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |     75000 | PA      | $75266.90     | 0.01%             | 2027-09-23      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                            | Nationwide Building Society                                                      | CUSIP: 63861VAL1<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $5011465.20   | 0.39%             | 2029-07-14      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                | Hyundai Capital America                                                          | CUSIP: 44891ACW5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4700000 | PA      | $4745489.23   | 0.37%             | 2027-01-08      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                  | Athene Global Funding                                                            | CUSIP: 04685A3U3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5037939.30   | 0.39%             | 2027-03-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                              | Morgan Stanley Bank, N.A.                                                        | CUSIP: 61690U7Z7<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251638.68    | 0.02%             | 2028-01-14      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust                      | Chase Home Lending Mortgage Trust, Series 2025-1, Class A11                      | CUSIP: 16160TAX6<br>LEI: 529900UNQTJFSNGLF721 | Long             | ABS-MBS          | CORP              | US        |   4283870 | PA      | $4273061.38   | 0.33%             | 2055-11-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2022-DNA4, Class M1                                          | CUSIP: 35564KWT2<br>LEI: 5493000IS4CDPWRMWB65 | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2592741.50   | 0.20%             | 2042-05-25      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2024-DNA1, Class A1                                          | CUSIP: 35564NAW3<br>LEI: 529900N6M839KA246662 | Long             | ABS-MBS          | USGSE             | US        |   1006203 | PA      | $1011739.57   | 0.08%             | 2044-02-25      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2019-INV3                   | J.P. Morgan Mortgage Trust 2019-INV3, Series 2019-INV3, Class A1                 | CUSIP: 46591LBC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     65558 | PA      | $62683.83     | 0.00%             | 2050-05-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                            | Nationwide Building Society                                                      | CUSIP: 63861VAG2<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   4000000 | PA      | $4029248.96   | 0.31%             | 2028-02-16      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Carmax Select Receivables Trust 2024-A                 | Carmax Select Receivables Trust 2024-A, Series 2024-A, Class C                   | CUSIP: 14319FAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400000 | PA      | $1431410.96   | 0.11%             | 2030-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2021-VOLT, Class B                          | CUSIP: 05609VAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3151377 | PA      | $3150190.82   | 0.24%             | 2036-09-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Invesco Private Prime Fund                             | Invesco Private Prime Fund                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   7888876 | NS      | $7888875.95   | 0.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association, ARM                                       | CUSIP: 3140JBWP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1644768 | PA      | $1702823.51   | 0.13%             | 2045-04-01      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2025-R06, Class 1M1             | CUSIP: 20754YAB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3907557 | PA      | $3907412.04   | 0.30%             | 2045-09-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                   | BBCMS Mortgage Trust, Series 2019-BWAY, Class B                                  | CUSIP: 05492NAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3250000 | PA      | $153562.50    | 0.01%             | 2034-11-15      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                     | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607PVR2<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $5006216.55   | 0.39%             | 2028-01-13      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust 2025-A                       | Nelnet Student Loan Trust 2025-A, Series 2025-AA, Class A1B                      | CUSIP: 64033XAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1391226 | PA      | $1388001.00   | 0.11%             | 2057-03-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Societe Generale                                       | Societe Generale                                                                 | CUSIP: 83368RCA8<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   2000000 | PA      | $2006182.82   | 0.16%             | 2027-02-19      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                   | Glencore Funding LLC                                                             | CUSIP: 378272BX5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   3214000 | PA      | $3219430.12   | 0.25%             | 2026-10-01      | Floating      | 4.86%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                              | Ford Motor Credit Co. LLC                                                        | CUSIP: 345397F99<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   7625000 | PA      | $7621637.53   | 0.59%             | 2026-11-05      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                   | Glencore Funding LLC                                                             | CUSIP: 378272BW7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   6223000 | PA      | $6256814.16   | 0.49%             | 2027-04-04      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | Bank of America Corp.                                                            | CUSIP: 06051GJV2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   7114000 | PA      | $7140388.24   | 0.55%             | 2027-07-22      | Floating      | 5.05%                 | No            |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                       | Federal Home Loan Mortgage Corp., ARM                                            | CUSIP: 31288QZN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2226835 | PA      | $2302522.38   | 0.18%             | 2049-01-01      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2022-HQA1, Class M1                                          | CUSIP: 35564KTA7<br>LEI: 5493000IRODEKU3J3Q16 | Long             | ABS-MBS          | USGSE             | US        |    593323 | PA      | $595232.98    | 0.05%             | 2042-03-25      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                     | Freddie Mac REMICs                                                               | CUSIP: 3137FDD66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   2018527 | PA      | $1968806.79   | 0.15%             | 2048-01-15      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R05, Class 1M1             | CUSIP: 207942AA1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    900001 | PA      | $909014.57    | 0.07%             | 2043-06-25      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust 2020-5                       | Nelnet Student Loan Trust 2020-5, Series 2020-5A, Class A                        | CUSIP: 64032VAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2921704 | PA      | $2920314.78   | 0.23%             | 2068-10-25      | Floating      | 4.99%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.     | National Rural Utilities Cooperative Finance Corp.                               | CUSIP: 63743HFQ0<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5028637.65   | 0.39%             | 2027-02-05      | Floating      | 5.10%                 | No            |                  2 | On Loan: —       |
| BIG Commercial Mortgage Trust 2022-BIG                 | BIG Commercial Mortgage Trust 2022-BIG, Series 2022-BIG, Class A                 | CUSIP: 05551UAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1285768 | PA      | $1282378.00   | 0.10%             | 2039-02-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                         | Protective Life Global Funding                                                   | CUSIP: 743672AE7<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3003580.41   | 0.23%             | 2026-04-10      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2023-HQA2, Class M1                                          | CUSIP: 35564K2F5<br>LEI: 5493000KIGZAWUOW4E32 | Long             | ABS-MBS          | USGSE             | US        |    515396 | PA      | $516636.53    | 0.04%             | 2043-06-25      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                             | J.P. Morgan Mortgage Trust, Series 2019-6, Class A11                             | CUSIP: 46651BAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     39215 | PA      | $37801.73     | 0.00%             | 2049-12-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                      | Fannie Mae REMICs                                                                | CUSIP: 3136BURK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |   4461201 | PA      | $4473311.21   | 0.35%             | 2055-02-25      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust                             | Navient Student Loan Trust, Series 2021-2A, Class A1B                            | CUSIP: 63942QAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000767 | PA      | $1004245.67   | 0.08%             | 2070-02-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                   | American Express Co.                                                             | CUSIP: 025816DJ5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   4294000 | PA      | $4312120.72   | 0.33%             | 2027-07-28      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| SMRT                                                   | SMRT, Series 2022-MINI, Class B                                                  | CUSIP: 78457JAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4655000 | PA      | $4641209.10   | 0.36%             | 2039-01-15      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Navistar Financial Dealer Note Master Owner Trust      | Navistar Financial Dealer Note Master Owner Trust, Series 2024-1, Class C        | CUSIP: 63938PBY4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    850000 | PA      | $855218.92    | 0.07%             | 2029-04-25      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                      | Fannie Mae REMICs                                                                | CUSIP: 3136ART24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    171194 | PA      | $169250.01    | 0.01%             | 2046-05-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| F&G Global Funding                                     | F&G Global Funding                                                               | CUSIP: 30321L2L5<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   7250000 | PA      | $7305953.04   | 0.57%             | 2028-09-08      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                       | OneMain Financial Issuance Trust, Series 2023-2A, Class A2                       | CUSIP: 68269HAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9000000 | PA      | $9093459.60   | 0.71%             | 2036-09-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Floating Rate Notes                      | U.S. Treasury Floating Rate Notes                                                | CUSIP: 91282CMX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  43100000 | PA      | $43090750.31  | 3.35%             | 2027-04-30      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPMorgan Chase & Co.                                                             | CUSIP: 46647PCF1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250694.79    | 0.02%             | 2027-04-22      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2022-DNA5, Class M1                                          | CUSIP: 35564KYN3<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-MBS          | USGSE             | US        |   3491694 | PA      | $3557717.66   | 0.28%             | 2042-06-25      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| CLI Funding VI LLC                                     | CLI Funding VI LLC, Series 2020-3A, Class A                                      | CUSIP: 12563LAS6<br>LEI: 549300NQLBWJD5AREU05 | Long             | ABS-O            | CORP              | US        |   2035340 | PA      | $1918759.19   | 0.15%             | 2045-10-18      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                     | State Street Corp.                                                               | CUSIP: 857477CE1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75264.54     | 0.01%             | 2026-08-03      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust                      | Chase Home Lending Mortgage Trust, Series 2024-7, Class A11                      | CUSIP: 16159TAP6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3426683 | PA      | $3428752.93   | 0.27%             | 2055-06-25      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                       | SMB Private Education Loan Trust, Series 2023-A, Class A1B                       | CUSIP: 78450QAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2681995 | PA      | $2711251.59   | 0.21%             | 2053-01-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| Nextgear Floorplan Master Owner Trust                  | Nextgear Floorplan Master Owner Trust, Series 2024-1A, Class A1                  | CUSIP: 65341KBY1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4023943.20   | 0.31%             | 2029-03-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                           | Mizuho Financial Group, Inc.                                                     | CUSIP: 60687YDK2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   5000000 | PA      | $5013111.60   | 0.39%             | 2031-05-13      | Floating      | 5.37%                 | No            |                  2 | On Loan: —       |
| USB Realty Corp.                                       | USB Realty Corp.                                                                 | CUSIP: 903312AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $882787.95    | 0.07%             | N/A             | Variable      | 5.31%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                     | General Motors Financial Co., Inc.                                               | CUSIP: 37045XDQ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   7597000 | PA      | $7605391.72   | 0.59%             | 2027-02-26      | Floating      | 5.27%                 | No            |                  2 | On Loan: —       |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2022-R05, Class 2M1             | CUSIP: 20754DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    528935 | PA      | $530301.35    | 0.04%             | 2042-04-25      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                              | OBX Trust, Series 2025-HE2, Class A1                                             | CUSIP: 67121YAA6<br>LEI: 2549004JS8G77DOXE933 | Long             | ABS-MBS          | CORP              | US        |   8134447 | PA      | $8171509.83   | 0.63%             | 2055-08-25      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Adjustable Rate Mortgage Trust                         | Adjustable Rate Mortgage Trust, Series 2004-2, Class 6A1                         | CUSIP: 007036BU9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      7449 | PA      | $7410.68      | 0.00%             | 2035-02-25      | Variable      | 0.71%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                              | OBX Trust, Series 2019-INV2, Class A11                                           | CUSIP: 67112VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2396150 | PA      | $2304535.27   | 0.18%             | 2049-05-27      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2024-4  | Morgan Stanley Residential Mortgage Loan Trust 2024-4, Series 2024-4, Class AF   | CUSIP: 61777BBQ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3087010 | PA      | $3084196.74   | 0.24%             | 2054-09-25      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                              | Morgan Stanley Bank, N.A.                                                        | CUSIP: 61690U7X2<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    175000 | PA      | $176242.18    | 0.01%             | 2026-10-30      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2024-HQA1, Class A1                                          | CUSIP: 35564NBW2<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | USGSE             | US        |   9410272 | PA      | $9459632.82   | 0.73%             | 2044-03-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust                          | Commonbond Student Loan Trust, Series 2018-AGS, Class A2                         | CUSIP: 20269DAB1<br>LEI: 5493005PJR3MYTKJFJ48 | Long             | ABS-O            | CORP              | US        |    173927 | PA      | $172128.52    | 0.01%             | 2044-02-25      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2024-HQA1, Class M1                                          | CUSIP: 35564NBX0<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | USGSE             | US        |   1428428 | PA      | $1430135.67   | 0.11%             | 2044-03-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2023-DNA2, Class M1                                          | CUSIP: 35564KT66<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-MBS          | USGSE             | US        |   2700000 | PA      | $2826308.70   | 0.22%             | 2043-04-25      | Floating      | 7.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2022-R02, Class 2M2             | CUSIP: 20754BAB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4000000 | PA      | $4090558.00   | 0.32%             | 2042-01-25      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                | Hyundai Capital America                                                          | CUSIP: 44891ADS3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5013326.60   | 0.39%             | 2027-03-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                           | Barclays PLC                                                                     | CUSIP: 06738ECM5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2750000 | PA      | $2779860.02   | 0.22%             | 2027-09-13      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2021-DNA7, Class M2                                          | CUSIP: 35564KMH9<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | USGSE             | US        |   1910527 | PA      | $1927692.70   | 0.15%             | 2041-11-25      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                      | Fannie Mae REMICs                                                                | CUSIP: 3136BSP25<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |   7341034 | PA      | $7365957.97   | 0.57%             | 2054-09-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust 2014-3                       | Nelnet Student Loan Trust 2014-3, Series 2014-3A, Class A                        | CUSIP: 64033KAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    488222 | PA      | $485104.37    | 0.04%             | 2041-06-25      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| BPCE S.A.                                              | BPCE S.A.                                                                        | CUSIP: 05571AAP0<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   6250000 | PA      | $6320158.44   | 0.49%             | 2027-10-19      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                              | Ford Motor Credit Co. LLC                                                        | CUSIP: 345397C50<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   5025000 | PA      | $5055911.14   | 0.39%             | 2026-03-06      | Floating      | 7.14%                 | No            |                  2 | On Loan: —       |
| Freddie Mac                                            | Freddie Mac, Series 2023-DNA2, Class M1                                          | CUSIP: 35564KT58<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-MBS          | USGSE             | US        |   8283477 | PA      | $8403773.80   | 0.65%             | 2043-04-25      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                   | American Express Co.                                                             | CUSIP: 025816DD8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125091.52    | 0.01%             | 2026-02-13      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association, ARM                                       | CUSIP: 31407MSP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23266 | PA      | $23932.15     | 0.00%             | 2035-07-01      | Floating      | 6.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2021-R03, Class 1M2             | CUSIP: 20754AAB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2167000 | PA      | $2178765.08   | 0.17%             | 2041-12-25      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                       | SMB Private Education Loan Trust, Series 2023-C, Class A1B                       | CUSIP: 83207DAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1293770 | PA      | $1308083.28   | 0.10%             | 2052-11-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                         | ING Groep N.V.                                                                   | CUSIP: 456837BP7<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   5000000 | PA      | $5017639.25   | 0.39%             | 2029-03-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Invesco Government & Agency Portfolio                  | Invesco Government & Agency Portfolio, Institutional Class                       | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |  24666318 | NS      | $24666318.14  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association, ARM                                       | CUSIP: 31405RF84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39004 | PA      | $39814.78     | 0.00%             | 2035-02-01      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| BMW US Capital, LLC                                    | BMW US Capital, LLC                                                              | CUSIP: 05565ECT0<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150829.61    | 0.01%             | 2027-08-13      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2022-DNA6, Class M1                                          | CUSIP: 35564KH44<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-MBS          | USGSE             | US        |   2750000 | PA      | $2884537.43   | 0.22%             | 2042-09-25      | Floating      | 7.88%                 | No            |                  2 | On Loan: No      |
| MHP                                                    | MHP, Series 2021-STOR, Class C                                                   | CUSIP: 55293BAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4353000 | PA      | $4344438.95   | 0.34%             | 2038-07-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Georgia Power Co.                                      | Georgia Power Co.                                                                | CUSIP: 373334KZ3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   3679000 | PA      | $3680770.81   | 0.29%             | 2026-09-15      | Floating      | 4.44%                 | No            |                  2 | On Loan: —       |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust, Series 2016-NXS5, Class A6F               | CUSIP: 95000CBK8<br>LEI: 549300SGFUCMB43V8P22 | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2500280.50   | 0.19%             | 2059-01-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc.                                  | Keurig Dr Pepper Inc.                                                            | CUSIP: 49271VAY6<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6000946.62   | 0.47%             | 2026-11-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc.                                  | Keurig Dr Pepper Inc.                                                            | CUSIP: 49271VAS9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5009165.90   | 0.39%             | 2027-03-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: —       |
| General Motors Financial Co., Inc.                     | General Motors Financial Co., Inc.                                               | CUSIP: 37045XFF8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4998200.45   | 0.39%             | 2028-04-04      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R01, Class 1M2             | CUSIP: 207932AB0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1225000 | PA      | $1287551.20   | 0.10%             | 2042-12-25      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust                          | MHC Commercial Mortgage Trust, Series 2021-MHC, Class B                          | CUSIP: 55316VAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2800000 | PA      | $2800333.20   | 0.22%             | 2038-04-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R03, Class 2M2             | CUSIP: 20753AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4046476 | PA      | $4275916.45   | 0.33%             | 2043-04-25      | Floating      | 8.08%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                 | Merrill Lynch Mortgage Investors Trust, Series 2003-F, Class A1                  | CUSIP: 5899292M9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21364 | PA      | $20991.55     | 0.00%             | 2028-10-25      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPMorgan Chase & Co.                                                             | CUSIP: 46647PDZ6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1667000 | PA      | $1682789.07   | 0.13%             | 2028-01-23      | Floating      | 5.28%                 | No            |                  2 | On Loan: —       |
| American Express Co.                                   | American Express Co.                                                             | CUSIP: 025816DX4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   4075000 | PA      | $4108130.32   | 0.32%             | 2028-07-26      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                     | Freddie Mac REMICs                                                               | CUSIP: 3137BYKC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    334974 | PA      | $330720.81    | 0.03%             | 2038-09-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                       | SMB Private Education Loan Trust, Series 2022-C, Class A1B                       | CUSIP: 78449CAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1566598 | PA      | $1590904.96   | 0.12%             | 2050-05-16      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2023-HQA3, Class M1                                          | CUSIP: 35564K3G2<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | USGSE             | US        |   1458538 | PA      | $1466986.81   | 0.11%             | 2043-11-25      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust              | Navient Private Education Refi Loan Trust, Series 2019-D, Class A2B              | CUSIP: 63941CAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1432945 | PA      | $1429560.58   | 0.11%             | 2059-12-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                        | Goldman Sachs Group, Inc. (The)                                                  | CUSIP: 38141GZS6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3551370.38   | 0.28%             | 2028-03-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2022-R03, Class 1M2             | CUSIP: 20753XAB0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2350000 | PA      | $2429335.30   | 0.19%             | 2042-03-25      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2025-DNA1, Class A1                                          | CUSIP: 35564NFY4<br>LEI: 529900WZAMS87JCAOC53 | Long             | ABS-MBS          | USGSE             | US        |   1562500 | PA      | $1564785.00   | 0.12%             | 2045-01-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| Invesco Private Government Fund                        | Invesco Private Government Fund                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   3019907 | NS      | $3019906.62   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association, ARM                                       | CUSIP: 31410QDW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     76323 | PA      | $78282.41     | 0.01%             | 2036-10-01      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                    | GS Mortgage-Backed Securities Trust, Series 2024-HE1, Class A1                   | CUSIP: 36270AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    964650 | PA      | $968117.01    | 0.08%             | 2054-08-25      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                                 | Tesla Auto Lease Trust, Series 2023-A, Class B                                   | CUSIP: 88167PAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1446436 | PA      | $1447654.08   | 0.11%             | 2027-07-20      | Fixed         | 6.41%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2021-ACNT, Class B                          | CUSIP: 05609QAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3120645 | PA      | $3119963.62   | 0.24%             | 2038-11-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association, ARM                                       | CUSIP: 31419ALN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     41775 | PA      | $42417.82     | 0.00%             | 2037-11-01      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                    | GS Mortgage-Backed Securities Trust, Series 2025-HE1, Class A1                   | CUSIP: 36272NAA2<br>LEI: 254900RIVK2GCJ08H839 | Long             | ABS-MBS          | CORP              | US        |   2732249 | PA      | $2741851.54   | 0.21%             | 2055-10-25      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2021-VOLT, Class A                          | CUSIP: 05609VAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    678180 | PA      | $677892.07    | 0.05%             | 2036-09-15      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding (AESOP) LLC             | Avis Budget Rental Car Funding (AESOP) LLC, Series 2020-2A, Class C              | CUSIP: 05377REC4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    866667 | PA      | $865919.53    | 0.07%             | 2027-02-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                     | Freddie Mac REMICs                                                               | CUSIP: 3137HHDJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   6192759 | PA      | $6205240.83   | 0.48%             | 2054-11-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Freddie Mac, Series 2024-DNA2, Class M1                                          | CUSIP: 35564NCX9<br>LEI: 529900GRKKKHILZX4347 | Long             | ABS-MBS          | USGSE             | US        |   3783116 | PA      | $3795802.36   | 0.29%             | 2044-05-25      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R03, Class 2M1             | CUSIP: 20753ACJ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8972286 | PA      | $9084877.92   | 0.71%             | 2043-04-25      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                           | BX Commercial Mortgage Trust, Series 2021-VOLT, Class D                          | CUSIP: 05609VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1211035 | PA      | $1210377.81   | 0.09%             | 2036-09-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Floating Rate Notes                      | U.S. Treasury Floating Rate Notes                                                | CUSIP: 91282CLT6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  38500000 | PA      | $38509489.10  | 2.99%             | 2026-10-31      | Floating      | 3.97%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                     | Freddie Mac REMICs                                                               | CUSIP: 3137F33L6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    368059 | PA      | $363633.97    | 0.03%             | 2043-08-15      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R04, Class 1M2             | CUSIP: 20754QAB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4000000 | PA      | $4219810.80   | 0.33%             | 2043-05-25      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| Cross 2024-H7 Mortgage Trust                           | Cross 2024-H7 Mortgage Trust, Series 2024-H7, Class A1                           | CUSIP: 22757CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4135589 | PA      | $4163818.77   | 0.32%             | 2069-11-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust                          | Commonbond Student Loan Trust, Series 2018-CGS, Class A2                         | CUSIP: 20267XAB9<br>LEI: 549300O1CSZVJJTIR319 | Long             | ABS-O            | CORP              | US        |    373187 | PA      | $369845.84    | 0.03%             | 2046-02-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                             | J.P. Morgan Mortgage Trust, Series 2021-1, Class A11                             | CUSIP: 46592EBC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    537151 | PA      | $499981.96    | 0.04%             | 2051-06-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                           | Ford Credit Auto Lease Trust, Series 2024-B, Class B                             | CUSIP: 345279AF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5053272.00   | 0.39%             | 2028-02-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                       | Deutsche Bank AG                                                                 | CUSIP: 251526DC0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   6000000 | PA      | $6011366.82   | 0.47%             | 2031-08-04      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                      | HSBC Holdings PLC                                                                | CUSIP: 404280ET2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3636000 | PA      | $3652512.38   | 0.28%             | 2029-03-03      | Floating      | 5.25%                 | No            |                  2 | On Loan: —       |
| Toyota Motor Credit Corp.                              | Toyota Motor Credit Corp.                                                        | CUSIP: 89236TMA0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75318.91     | 0.01%             | 2027-03-19      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                             | J.P. Morgan Mortgage Trust, Series 2024-11, Class A11                            | CUSIP: 46659AAW4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2343835 | PA      | $2341689.64   | 0.18%             | 2055-04-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                             | J.P. Morgan Mortgage Trust, Series 2020-8, Class A11                             | CUSIP: 46652TBM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    170473 | PA      | $160955.28    | 0.01%             | 2051-03-25      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Floating Rate Notes                      | U.S. Treasury Floating Rate Notes                                                | CUSIP: 91282CNQ0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40000000 | PA      | $39995247.60  | 3.11%             | 2027-07-31      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                            | Toronto-Dominion Bank (The)                                                      | CUSIP: 89115A2T8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1914000 | PA      | $1925744.74   | 0.15%             | 2026-07-17      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                            | SREIT Trust, Series 2021-PALM, Class A                                           | CUSIP: 85237AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3015000 | PA      | $3005910.98   | 0.23%             | 2034-10-15      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2025-R02, Class 1M1             | CUSIP: 20754TAC6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2161982 | PA      | $2165875.10   | 0.17%             | 2045-02-25      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                       | SMB Private Education Loan Trust, Series 2021-A, Class A2A2                      | CUSIP: 78448YAK7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2178148 | PA      | $2159072.76   | 0.17%             | 2053-01-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                               | Angel Oak Mortgage Trust, Series 2025-5, Class A1                                | CUSIP: 03466EAA8<br>LEI: 254900QA46POYH7UR768 | Long             | ABS-MBS          | CORP              | US        |   3662695 | PA      | $3692419.48   | 0.29%             | 2070-04-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                     | LPL Holdings, Inc.                                                               | CUSIP: 50212YAN4<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1629000 | PA      | $1649953.34   | 0.13%             | 2028-04-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                               | Lloyds Banking Group PLC                                                         | CUSIP: 53944YAY9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   4575000 | PA      | $4622600.31   | 0.36%             | 2028-01-05      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Edsouth Indenture No. 9 LLC                            | Edsouth Indenture No. 9 LLC, Series 2015-1, Class A                              | CUSIP: 281378AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    214435 | PA      | $213978.00    | 0.02%             | 2056-10-25      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STRU_BNP-9391                              | FREDDIE MAC STRU_BNP-9391                                                        | CUSIP: BCCJ8VMD0<br>LEI: N/A                  | Long             | ABS-APCP         | USGSE             | US        |  10000000 | PA      | $10024997.28  | 0.78%             | 2055-11-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                         | Morgan Stanley                                                                   | CUSIP: 61747YFN0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7540934.85   | 0.59%             | 2028-04-13      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing III L.P.                       | Hertz Vehicle Financing III L.P., Series 2021-2A, Class C                        | CUSIP: 42806MAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2170000 | PA      | $2115031.95   | 0.16%             | 2027-12-27      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R02, Class 1M1             | CUSIP: 20755AAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2398754 | PA      | $2449417.20   | 0.19%             | 2043-01-25      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R07, Class 2M2             | CUSIP: 20753BAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2500000 | PA      | $2590014.50   | 0.20%             | 2043-09-25      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| MassMutual Global Funding II                           | MassMutual Global Funding II                                                     | CUSIP: 57629TBS5<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2510302.50   | 0.20%             | 2027-04-09      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                        | Goldman Sachs Group, Inc. (The)                                                  | CUSIP: 38141GYR9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    125000 | PA      | $125459.92    | 0.01%             | 2027-10-21      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                              | OBX Trust, Series 2020-EXP1, Class 2A2                                           | CUSIP: 67448TBF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    173393 | PA      | $171560.81    | 0.01%             | 2060-02-25      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                  | HPEFS Equipment Trust, Series 2023-2A, Class D                                   | CUSIP: 44328UAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1519799.25   | 0.12%             | 2031-07-21      | Fixed         | 6.97%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                   | Royal Bank of Canada                                                             | CUSIP: 78017FZU0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $200619.35    | 0.02%             | 2028-10-18      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JPMorgan Chase & Co.                                                             | CUSIP: 46647PEM4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5029988.40   | 0.39%             | 2028-07-22      | Floating      | 5.01%                 | No            |                  2 | On Loan: —       |
| J.P. Morgan Chase Commercial Mortgage Securities Trust | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2018-PHH, Class B | CUSIP: 46650FAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2385000 | PA      | $1717834.89   | 0.13%             | 2035-06-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2024-R03, Class 2M2             | CUSIP: 207941AB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4500000 | PA      | $4534792.65   | 0.35%             | 2044-03-25      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust 2006-2                       | Nelnet Student Loan Trust 2006-2, Series 2006-2, Class A7                        | CUSIP: 640315AJ6<br>LEI: 549300ICCIKZ4HWN5R47 | Long             | ABS-O            | CORP              | US        |   3513114 | PA      | $3498037.47   | 0.27%             | 2037-01-26      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust            | Bear Stearns Adjustable Rate Mortgage Trust, Series 2003-7, Class 6A             | CUSIP: 07384MYW6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     59763 | PA      | $58095.83     | 0.00%             | 2033-10-25      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities               | Fannie Mae Connecticut Avenue Securities, Series 2023-R07, Class 2M1             | CUSIP: 20753BAA0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8061307 | PA      | $8115867.89   | 0.63%             | 2043-09-25      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                       | SMB Private Education Loan Trust, Series 2024-F, Class A1B                       | CUSIP: 83207VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6502551 | PA      | $6465652.74   | 0.50%             | 2054-03-16      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust                             | J.P. Morgan Mortgage Trust, Series 2024-5, Class A11                             | CUSIP: 46658RAP3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4090513 | PA      | $4084796.58   | 0.32%             | 2054-11-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                              | Nelnet Student Loan Trust, Series 2021-A, Class A2                               | CUSIP: 64035DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2680000 | PA      | $2673203.79   | 0.21%             | 2062-04-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                       | Deutsche Bank AG                                                                 | CUSIP: 25160PAP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   6597000 | PA      | $6623381.86   | 0.51%             | 2029-01-10      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust                       | SMB Private Education Loan Trust, Series 2022-B, Class A1B                       | CUSIP: 83206NAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1624328 | PA      | $1640761.00   | 0.13%             | 2055-02-16      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                              | OBX Trust, Series 2020-EXP3, Class 2A2                                           | CUSIP: 67448WBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    161119 | PA      | $160885.54    | 0.01%             | 2060-01-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Mortgage Trust 2020-LTV1                   | J.P. Morgan Mortgage Trust 2020-LTV1, Series 2020-LTV1, Class A1                 | CUSIP: 46591NBC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3765 | PA      | $3752.97      | 0.00%             | 2050-06-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                   | Caterpillar Financial Services Corp.                                             | CUSIP: 14913UAM2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75218.01     | 0.01%             | 2027-05-14      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust                          | Commonbond Student Loan Trust, Series 2017-BGS, Class A2                         | CUSIP: 20268KAB6<br>LEI: 549300KDXV3I7WKXA522 | Long             | ABS-O            | CORP              | US        |     86397 | PA      | $85243.24     | 0.01%             | 2042-09-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust                      | Chase Home Lending Mortgage Trust, Series 2024-6, Class A11                      | CUSIP: 161931AP5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3007325 | PA      | $3003759.11   | 0.23%             | 2055-05-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                               | Svenska Handelsbanken AB                                                         | CUSIP: 86959LAR4<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   5475000 | PA      | $5498624.63   | 0.43%             | 2027-05-28      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                     | Freddie Mac REMICs                                                               | CUSIP: 3137HKPK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |   8942476 | PA      | $8979867.58   | 0.70%             | 2055-04-25      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| U.S. Bank N.A.                                         | U.S. Bank N.A.                                                                   | CUSIP: 90331HPT4<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7545109.13   | 0.59%             | 2028-05-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: —       |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** Invesco Actively Managed Exchange-Traded Fund Trust

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Vice President