# EDGAR Filing Document

**Accession Number:** 0001493580
**File Stem:** 0000940400-26-021257
**Filing Date:** 2026-5
**Character Count:** 106136
**Document Hash:** 8a8537ebed29bf378c458d13f992d0db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-021257.hdr.sgml**: 20260527

**ACCESSION NUMBER**: 0000940400-26-021257

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260527

**DATE AS OF CHANGE**: 20260527

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY Mellon ETF Trust
- **CENTRAL INDEX KEY:** 0001493580

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23477
- **FILM NUMBER:** 261023821

**BUSINESS ADDRESS:**
- **STREET 1:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286
- **BUSINESS PHONE:** 212-922-6400

**MAIL ADDRESS:**
- **STREET 1:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Dreyfus ETF Trust
- **DATE OF NAME CHANGE:** 20100607

## Series and Classes Contracts Data

### BNY Mellon Ultra Short Income ETF (Series ID: S000072501)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000228810 | BNY Mellon Ultra Short Income ETF | BKUI            |

## Nport-Ex

BNY Mellon Ultra Short Income ETF

SCHEDULE OF INVESTMENTS

March 31, 2026 (Unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon <br>Rate (%)<br>| Maturity <br>Date<br>| Principal <br>Amount ($)<br>| Value ($) |
| **Corporate Bonds and Notes — 37.5%** | **Corporate Bonds and Notes — 37.5%** | **Corporate Bonds and Notes — 37.5%** | **Corporate Bonds and Notes — 37.5%** | **Corporate Bonds and Notes — 37.5%** |
| **Automobiles & Components — 1.5%** | **Automobiles & Components — 1.5%** | **Automobiles & Components — 1.5%** | **Automobiles & Components — 1.5%** | **Automobiles & Components — 1.5%** |
| American Honda Finance Corp., Sr. Unscd. Notes | 1.30 | 9/9/2026 | 300000 | 296288 |
| BMW US Capital LLC, Gtd. Notes<sup>(a)</sup> <br>| 4.90 | 4/2/2027 | 600000 | 603724 |
| BMW US Capital LLC, Gtd. Notes, (3 Month SOFRIX +0.92%)<sup>(a),(b)</sup> <br>| 4.58 | 8/13/2027 | 1200000 | 1202080 |
| General Motors Financial Co., Inc., Sr. Unscd. Notes | 5.40 | 4/6/2026 | 250000 | 250024 |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc., Sr. Unscd. Notes, (3 Month SOFRIX <br> +1.35%)<sup>(b)</sup> <br>| 5.01 | 5/8/2027 | 1350000 | 1358105 |
| Mercedes-Benz Finance North America LLC, Gtd. Notes<sup>(a)</sup> <br>| 3.45 | 1/6/2027 | 325000 | 323049 |
| Mercedes-Benz Finance North America LLC, Gtd. Notes<sup>(a)</sup> <br>| 5.10 | 8/3/2028 | 1500000 | 1523399 |
| Mercedes-Benz Finance North America LLC, Gtd. Notes<sup>(a)</sup> <br>| 5.20 | 8/3/2026 | 325000 | 326074 |
| PACCAR Financial Corp., Sr. Unscd. Notes | 4.55 | 3/3/2028 | 1750000 | 1764280 |
| &nbsp;&nbsp;&nbsp; Toyota Motor Credit Corp., Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +0.65%)<sup>(b)</sup> <br>| 4.30 | 3/19/2027 | 750000 | 751431 |
|  |  |  |  | **8398454** |
| **Banks — 21.7%** | **Banks — 21.7%** | **Banks — 21.7%** | **Banks — 21.7%** | **Banks — 21.7%** |
| &nbsp;&nbsp;&nbsp; ANZ New Zealand Int'l Ltd., Gtd. Notes, (3 Month SOFRCOMPOUND <br> +0.61%)<sup>(a),(b)</sup> <br>| 4.28 | 1/22/2029 | 2000000 | 1998123 |
| ASB Bank Ltd., Sr. Unscd. Notes<sup>(a)</sup> <br>| 5.40 | 11/29/2027 | 2000000 | 2036857 |
| &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group Ltd., Sr. Unscd. Notes, (3 Month <br> SOFRCOMPOUND +0.65%)<sup>(a),(b)</sup> <br>| 4.30 | 9/30/2027 | 1000000 | 1003889 |
| &nbsp;&nbsp;&nbsp; Australia & New Zealand Banking Group Ltd., Sr. Unscd. Notes, (3 Month <br> SOFRCOMPOUND +0.68%)<sup>(a),(b)</sup> <br>| 4.35 | 7/16/2027 | 900000 | 902512 |
| Bank of America Corp., Sr. Unscd. Notes | 3.25 | 10/21/2027 | 2000000 | 1973610 |
| Bank of America NA, Sr. Unscd. Notes | 5.53 | 8/18/2026 | 300000 | 301316 |
| Bank of Montreal, Sr. Unscd. Notes | 5.20 | 2/1/2028 | 4200000 | 4264663 |
| Bank of Montreal, Sr. Unscd. Notes | 5.27 | 12/11/2026 | 325000 | 327275 |
| Barclays PLC, Sr. Unscd. Notes | 4.34 | 1/10/2028 | 3500000 | 3486526 |
| Barclays PLC, Sr. Unscd. Notes, (3 Month SOFRCOMPOUND +1.88%)<sup>(b)</sup> <br>| 5.53 | 9/13/2027 | 750000 | 752991 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce, Sr. Unscd. Notes, (3 Month SOFR <br> +1.22%)<sup>(b)</sup> <br>| 4.90 | 10/2/2026 | 375000 | 376195 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of Commerce, Sr. Unscd. Notes, (3 Month <br> SOFRCOMPOUND +0.72%)<sup>(b)</sup> <br>| 4.39 | 1/13/2028 | 1500000 | 1500847 |
| Citibank NA, Sr. Unscd. Notes | 5.80 | 9/29/2028 | 3500000 | 3634783 |
| Citigroup, Inc., Sr. Unscd. Notes, (3 Month SOFRCOMPOUND +0.77%)<sup>(b)</sup> <br>| 4.42 | 6/9/2027 | 1600000 | 1601118 |
| Cooperatieve Rabobank UA, Sr. Notes, (3 Month SOFRCOMPOUND +0.59%)<sup>(b)</sup> <br>| 4.26 | 10/17/2028 | 4200000 | 4205621 |
| &nbsp;&nbsp;&nbsp; DBS Group Holdings Ltd., Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +0.60%)<sup>(a),(b)</sup> <br>| 4.25 | 3/21/2028 | 2250000 | 2253773 |
| HSBC USA, Inc., Sr. Unscd. Notes | 4.65 | 6/3/2028 | 4200000 | 4226871 |
| ING Groep NV, Sr. Unscd. Notes | 3.95 | 3/29/2027 | 600000 | 598311 |
| ING Groep NV, Sr. Unscd. Notes | 4.55 | 10/2/2028 | 4200000 | 4207875 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +0.92%)<sup>(b)</sup> <br>| 4.59 | 4/22/2028 | 2000000 | 2006574 |
| JPMorgan Chase Bank NA, Sr. Unscd. Notes | 5.11 | 12/8/2026 | 325000 | 326861 |
| KeyBank NA, Sr. Unscd. Notes | 5.85 | 11/15/2027 | 2250000 | 2297823 |
| Lloyds Banking Group PLC, Sr. Unscd. Notes, (3 Month SOFRIX +1.06%)<sup>(b)</sup> <br>| 4.72 | 11/26/2028 | 2400000 | 2410782 |
| Lloyds Banking Group PLC, Sr. Unscd. Notes, (3 Month SOFRIX +1.58%)<sup>(b)</sup> <br>| 5.26 | 1/5/2028 | 1850000 | 1864716 |
| &nbsp;&nbsp;&nbsp; Macquarie Bank Ltd., Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +0.92%)<sup>(a),(b)</sup> <br>| 4.57 | 7/2/2027 | 2050000 | 2060485 |
| Manufacturers & Traders Trust Co., Sr. Unscd. Notes | 4.70 | 1/27/2028 | 4200000 | 4226188 |

---

**3**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Corporate Bonds and Notes — 37.5% (continued)** | **Corporate Bonds and Notes — 37.5% (continued)** | **Corporate Bonds and Notes — 37.5% (continued)** | **Corporate Bonds and Notes — 37.5% (continued)** | **Corporate Bonds and Notes — 37.5% (continued)** |
| **Banks — 21.7% (continued)** | **Banks — 21.7% (continued)** | **Banks — 21.7% (continued)** | **Banks — 21.7% (continued)** | **Banks — 21.7% (continued)** |
| Mitsubishi UFJ Financial Group, Inc., Sr. Unscd. Notes | 3.74 | 3/7/2029 | 2000000 | 1968386 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Bank NA, Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +0.87%)<sup>(b)</sup> <br>| 4.52 | 5/26/2028 | 2280000 | 2281013 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Bank NA, Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +1.17%)<sup>(b)</sup> <br>| 4.83 | 10/30/2026 | 500000 | 502184 |
| National Australia Bank Ltd., Sr. Unscd. Notes<sup>(a)</sup> <br>| 1.89 | 1/12/2027 | 375000 | 368685 |
| &nbsp;&nbsp;&nbsp; National Australia Bank Ltd., Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +0.60%)<sup>(a),(b)</sup> <br>| 4.27 | 10/26/2027 | 1750000 | 1755239 |
| National Bank of Canada, Gtd. Notes, (3 Month SOFRCOMPOUND +0.77%)<sup>(b)</sup> <br>| 4.44 | 1/20/2029 | 4200000 | 4205300 |
| National Bank of Canada, Gtd. Notes, (3 Month SOFRIX +1.03%)<sup>(b)</sup> <br>| 4.71 | 7/2/2027 | 750000 | 751055 |
| NatWest Markets PLC, Sr. Unscd. Notes<sup>(a)</sup> <br>| 1.60 | 9/29/2026 | 225000 | 222124 |
| &nbsp;&nbsp;&nbsp; NatWest Markets PLC, Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +0.80%)<sup>(a),(b)</sup> <br>| 4.46 | 11/6/2028 | 2000000 | 2001221 |
| &nbsp;&nbsp;&nbsp; NatWest Markets PLC, Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +0.90%)<sup>(a),(b)</sup> <br>| 4.56 | 5/17/2027 | 500000 | 501728 |
| &nbsp;&nbsp;&nbsp; NatWest Markets PLC, Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +0.95%)<sup>(a),(b)</sup> <br>| 4.60 | 3/21/2028 | 1400000 | 1405751 |
| PNC Bank NA, Sr. Unscd. Notes | 3.10 | 10/25/2027 | 2000000 | 1967155 |
| Royal Bank of Canada, Sr. Unscd. Notes, (3 Month SOFRIX +0.95%)<sup>(b)</sup> <br>| 4.62 | 1/19/2027 | 650000 | 652683 |
| &nbsp;&nbsp;&nbsp; Standard Chartered PLC, Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +1.17%)<sup>(a),(b)</sup> <br>| 4.83 | 5/14/2028 | 4200000 | 4221525 |
| &nbsp;&nbsp;&nbsp; Standard Chartered PLC, Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +1.93%)<sup>(a),(b)</sup> <br>| 5.60 | 7/6/2027 | 400000 | 401492 |
| State Street Corp., Sr. Unscd. Notes | 5.27 | 8/3/2026 | 225000 | 225757 |
| State Street Corp., Sr. Unscd. Notes, (3 Month SOFRCOMPOUND +0.85%)<sup>(b)</sup> <br>| 4.51 | 8/3/2026 | 600000 | 600207 |
| Sumitomo Mitsui Financial Group, Inc., Sr. Unscd. Notes | 1.40 | 9/17/2026 | 300000 | 296417 |
| Sumitomo Mitsui Financial Group, Inc., Sr. Unscd. Notes | 1.90 | 9/17/2028 | 4200000 | 3945394 |
| Sumitomo Mitsui Trust Bank Ltd., Sr. Unscd. Notes<sup>(a)</sup> <br>| 5.65 | 9/14/2026 | 325000 | 327014 |
| The Bank of Nova Scotia, Sr. Unscd. Notes | 5.25 | 6/12/2028 | 3800000 | 3877573 |
| The Bank of Nova Scotia, Sr. Unscd. Notes | 5.35 | 12/7/2026 | 750000 | 755844 |
| &nbsp;&nbsp;&nbsp; The Goldman Sachs Group, Inc., Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +0.71%)<sup>(b)</sup> <br>| 4.38 | 1/21/2029 | 2000000 | 1998079 |
| &nbsp;&nbsp;&nbsp; The Goldman Sachs Group, Inc., Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +1.12%)<sup>(b)</sup> <br>| 4.78 | 2/24/2028 | 2000000 | 2008668 |
| The PNC Financial Services Group, Inc., Sr. Unscd. Notes | 2.60 | 7/23/2026 | 325000 | 323315 |
| &nbsp;&nbsp;&nbsp; The PNC Financial Services Group, Inc., Sr. Unscd. Notes, (3 Month <br> SOFRCOMPOUND +0.62%)<sup>(b)</sup> <br>| 4.29 | 1/26/2029 | 2000000 | 1998771 |
| The Toronto-Dominion Bank, Sr. Unscd. Notes | 5.16 | 1/10/2028 | 4000000 | 4052354 |
| The Toronto-Dominion Bank, Sr. Unscd. Notes | 5.53 | 7/17/2026 | 200000 | 200862 |
| The Toronto-Dominion Bank, Sr. Unscd. Notes, (3 Month SOFR +0.73%)<sup>(b)</sup> <br>| 4.41 | 4/5/2027 | 850000 | 851658 |
| Truist Bank, Sr. Unscd. Notes, (3 Month SOFRCOMPOUND +0.66%)<sup>(b)</sup> <br>| 4.33 | 1/27/2029 | 2000000 | 1998468 |
| Truist Bank, Sr. Unscd. Notes, (3 Month SOFRCOMPOUND +0.77%)<sup>(b)</sup> <br>| 4.44 | 7/24/2028 | 500000 | 500417 |
| Truist Financial Corp., Sr. Unscd. Notes | 1.13 | 8/3/2027 | 1950000 | 1869541 |
| U.S. Bancorp, Sr. Unscd. Notes, Ser. V | 2.38 | 7/22/2026 | 325000 | 323383 |
| UBS Group AG, Sr. Unscd. Notes<sup>(a)</sup> <br>| 4.28 | 1/9/2028 | 4200000 | 4185941 |
| United Overseas Bank Ltd., Sr. Unscd. Notes, (3 Month SOFRIX +0.58%)<sup>(a),(b)</sup> <br>| 4.23 | 4/2/2028 | 2200000 | 2207620 |
| US Bank NA, Sr. Unscd. Notes, (3 Month SOFRCOMPOUND +0.69%)<sup>(b)</sup> <br>| 4.36 | 10/22/2027 | 1600000 | 1600860 |
| Wells Fargo & Co., Sr. Unscd. Notes, (3 Month SOFRCOMPOUND +0.78%)<sup>(b)</sup> <br>| 4.45 | 1/24/2028 | 2000000 | 1999682 |
| Wells Fargo Bank NA, Sr. Unscd. Notes, (3 Month SOFRCOMPOUND +1.07%)<sup>(b)</sup> <br>| 4.72 | 12/11/2026 | 900000 | 902537 |

---

**4**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Corporate Bonds and Notes — 37.5% (continued)** | **Corporate Bonds and Notes — 37.5% (continued)** | **Corporate Bonds and Notes — 37.5% (continued)** | **Corporate Bonds and Notes — 37.5% (continued)** | **Corporate Bonds and Notes — 37.5% (continued)** |
| **Banks — 21.7% (continued)** | **Banks — 21.7% (continued)** | **Banks — 21.7% (continued)** | **Banks — 21.7% (continued)** | **Banks — 21.7% (continued)** |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp., Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +0.50%)<sup>(a),(b)</sup> <br>| 4.15 | 3/6/2028 | 2200000 | 2197757 |
| &nbsp;&nbsp;&nbsp; Westpac Banking Corp., Sr. Unscd. Notes, (3 Month SOFRCOMPOUND <br> +0.52%)<sup>(b)</sup> <br>| 4.17 | 6/3/2026 | 1900000 | 1900923 |
|  |  |  |  | **119201168** |
| **Beverage Products — 1.1%** | **Beverage Products — 1.1%** | **Beverage Products — 1.1%** | **Beverage Products — 1.1%** | **Beverage Products — 1.1%** |
| PepsiCo, Inc., Sr. Unscd. Notes | 4.45 | 2/7/2028 | 2000000 | 2016984 |
| The Coca-Cola Company, Sr. Unscd. Notes | 1.00 | 3/15/2028 | 4200000 | 3970338 |
|  |  |  |  | **5987322** |
| **Diversified Financials — 1.0%** | **Diversified Financials — 1.0%** | **Diversified Financials — 1.0%** | **Diversified Financials — 1.0%** | **Diversified Financials — 1.0%** |
| American Express Co., Sr. Unscd. Notes | 2.55 | 3/4/2027 | 750000 | 739254 |
| The Charles Schwab Corp., Sr. Unscd. Notes | 3.20 | 1/25/2028 | 4200000 | 4133814 |
| The Charles Schwab Corp., Sr. Unscd. Notes | 5.88 | 8/24/2026 | 350000 | 352058 |
| The Charles Schwab Corp., Sr. Unscd. Notes, (3 Month SOFRIX +0.52%)<sup>(b)</sup> <br>| 4.18 | 5/13/2026 | 300000 | 300005 |
|  |  |  |  | **5525131** |
| **Energy — .5%** | **Energy — .5%** | **Energy — .5%** | **Energy — .5%** | **Energy — .5%** |
| BP Capital Markets PLC, Gtd. Notes | 3.72 | 11/28/2028 | 2000000 | 1971329 |
| Chevron USA, Inc., Gtd. Notes | 4.48 | 2/26/2028 | 1000000 | 1008072 |
|  |  |  |  | **2979401** |
| **Health Care — 4.1%** | **Health Care — 4.1%** | **Health Care — 4.1%** | **Health Care — 4.1%** | **Health Care — 4.1%** |
| AbbVie, Inc., Sr. Unscd. Notes | 2.95 | 11/21/2026 | 350000 | 347535 |
| AbbVie, Inc., Sr. Unscd. Notes | 4.65 | 3/15/2028 | 4200000 | 4239634 |
| CVS Health Corp., Sr. Unscd. Notes | 3.00 | 8/15/2026 | 300000 | 298236 |
| Eli Lilly & Co., Sr. Unscd. Notes | 4.55 | 2/12/2028 | 4200000 | 4235500 |
| Merck & Co., Inc., Gtd. Notes | 3.85 | 9/15/2027 | 2300000 | 2297889 |
| Merck & Co., Inc., Sr. Unscd. Notes, (3 Month SOFRCOMPOUND +0.57%)<sup>(b)</sup> <br>| 4.22 | 3/15/2029 | 2000000 | 2004963 |
| Roche Holdings, Inc., Gtd. Notes, (3 Month SOFRCOMPOUND +0.74%)<sup>(a),(b)</sup> <br>| 4.40 | 11/13/2026 | 650000 | 650979 |
| Sanofi SA, Sr. Unscd. Notes, (3 Month SOFRCOMPOUND +0.54%)<sup>(b)</sup> <br>| 4.20 | 11/3/2028 | 4200000 | 4213022 |
| Shire Acquisitions Investments Ireland DAC, Gtd. Notes | 3.20 | 9/23/2026 | 7000 | 6968 |
| The Cigna Group, Gtd. Notes | 4.38 | 10/15/2028 | 4200000 | 4197348 |
|  |  |  |  | **22492074** |
| **Industrial — 1.9%** | **Industrial — 1.9%** | **Industrial — 1.9%** | **Industrial — 1.9%** | **Industrial — 1.9%** |
| &nbsp;&nbsp;&nbsp; Caterpillar Financial Services Corp., Sr. Unscd. Notes, (3 Month <br> SOFRCOMPOUND +0.49%)<sup>(b)</sup> <br>| 4.15 | 2/23/2029 | 4000000 | 3993018 |
| &nbsp;&nbsp;&nbsp; Caterpillar Financial Services Corp., Sr. Unscd. Notes, (3 Month <br> SOFRCOMPOUND +0.52%)<sup>(b)</sup> <br>| 4.18 | 5/14/2027 | 750000 | 751050 |
| &nbsp;&nbsp;&nbsp; Caterpillar Financial Services Corp., Sr. Unscd. Notes, (3 Month <br> SOFRCOMPOUND +0.56%)<sup>(b)</sup> <br>| 4.22 | 11/15/2027 | 1000000 | 1001187 |
| John Deere Capital Corp., Sr. Unscd. Notes | 1.70 | 1/11/2027 | 350000 | 343607 |
| John Deere Capital Corp., Sr. Unscd. Notes | 4.75 | 1/20/2028 | 4200000 | 4257822 |
|  |  |  |  | **10346684** |
| **Information Technology — .8%** | **Information Technology — .8%** | **Information Technology — .8%** | **Information Technology — .8%** | **Information Technology — .8%** |
| Oracle Corp., Sr. Unscd. Notes | 2.65 | 7/15/2026 | 300000 | 298394 |
| Salesforce, Inc., Sr. Unscd. Notes | 1.50 | 7/15/2028 | 4200000 | 3944884 |
|  |  |  |  | **4243278** |
| **Internet Software & Services — .3%** | **Internet Software & Services — .3%** | **Internet Software & Services — .3%** | **Internet Software & Services — .3%** | **Internet Software & Services — .3%** |
| Amazon.com, Inc., Sr. Unscd. Notes | 3.15 | 8/22/2027 | 1950000 | **1927026** |
| **Media — 1.1%** | **Media — 1.1%** | **Media — 1.1%** | **Media — 1.1%** | **Media — 1.1%** |
| Comcast Corp., Gtd. Notes | 2.35 | 1/15/2027 | 750000 | 739430 |

---

**5**

------

*SCHEDULE OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Corporate Bonds and Notes — 37.5% (continued)** | **Corporate Bonds and Notes — 37.5% (continued)** | **Corporate Bonds and Notes — 37.5% (continued)** | **Corporate Bonds and Notes — 37.5% (continued)** | **Corporate Bonds and Notes — 37.5% (continued)** |
| **Media — 1.1% (continued)** | **Media — 1.1% (continued)** | **Media — 1.1% (continued)** | **Media — 1.1% (continued)** | **Media — 1.1% (continued)** |
| Comcast Corp., Gtd. Notes | 4.55 | 1/15/2029 | 4200000 | 4231338 |
| The Walt Disney Company, Gtd. Notes | 3.75 | 3/14/2029 | 1000000 | 988789 |
|  |  |  |  | **5959557** |
| **Real Estate — .1%** | **Real Estate — .1%** | **Real Estate — .1%** | **Real Estate — .1%** | **Real Estate — .1%** |
| Simon Property Group LP, Sr. Unscd. Notes | 1.38 | 1/15/2027 | 725000 | **708999** |
| **Retailing — 1.9%** | **Retailing — 1.9%** | **Retailing — 1.9%** | **Retailing — 1.9%** | **Retailing — 1.9%** |
| Lowe's Companies, Inc., Sr. Unscd. Notes | 1.70 | 9/15/2028 | 4200000 | 3948189 |
| Starbucks Corp., Sr. Unscd. Notes | 2.00 | 3/12/2027 | 1950000 | 1908564 |
| Target Corp., Sr. Unscd. Notes | 1.95 | 1/15/2027 | 700000 | 689173 |
| Target Corp., Sr. Unscd. Notes | 4.35 | 6/15/2028 | 4200000 | 4220780 |
|  |  |  |  | **10766706** |
| **Technology Hardware & Equipment — .8%** | **Technology Hardware & Equipment — .8%** | **Technology Hardware & Equipment — .8%** | **Technology Hardware & Equipment — .8%** | **Technology Hardware & Equipment — .8%** |
| International Business Machines Corp., Sr. Unscd. Notes | 4.65 | 2/10/2028 | 4200000 | **4228111** |
| **Telecommunication Services — .7%** | **Telecommunication Services — .7%** | **Telecommunication Services — .7%** | **Telecommunication Services — .7%** | **Telecommunication Services — .7%** |
| AT&T, Inc., Sr. Unscd. Notes | 4.25 | 3/1/2027 | 1900000 | 1899427 |
| Cisco Systems, Inc., Sr. Unscd. Notes | 4.55 | 2/24/2028 | 1250000 | 1263186 |
| T-Mobile USA, Inc., Gtd. Notes | 3.75 | 4/15/2027 | 600000 | 596399 |
|  |  |  |  | **3759012** |
| &nbsp;&nbsp;&nbsp; **Total Corporate Bonds and Notes** <br>(cost $206,623,063) | &nbsp;&nbsp;&nbsp; **Total Corporate Bonds and Notes** <br>(cost $206,623,063) | &nbsp;&nbsp;&nbsp; **Total Corporate Bonds and Notes** <br>(cost $206,623,063) |  | **206522923** |
| **U.S. Treasury Securities — 4.4%** | **U.S. Treasury Securities — 4.4%** | **U.S. Treasury Securities — 4.4%** | **U.S. Treasury Securities — 4.4%** | **U.S. Treasury Securities — 4.4%** |
| U.S. Treasury Notes | 1.25 | 4/30/2028 | 5000000 | 4745703 |
| U.S. Treasury Notes | 3.38 | 9/15/2028 | 3700000 | 3662133 |
| U.S. Treasury Notes | 3.50 | 1/31/2028 | 10000000 | 9943750 |
| U.S. Treasury Notes | 4.00 | 1/15/2027 | 3800000 | 3807790 |
| U.S. Treasury Notes | 4.13 | 11/15/2027 | 2000000 | 2008828 |
| &nbsp;&nbsp;&nbsp; **Total U.S. Treasury Securities** <br>(cost $24,167,431) | &nbsp;&nbsp;&nbsp; **Total U.S. Treasury Securities** <br>(cost $24,167,431) | &nbsp;&nbsp;&nbsp; **Total U.S. Treasury Securities** <br>(cost $24,167,431) |  | **24168204** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Annualized <br>Yield (%)<br>|  |  |  |
| **Commercial Paper — 57.5%** | **Commercial Paper — 57.5%** | **Commercial Paper — 57.5%** | **Commercial Paper — 57.5%** | **Commercial Paper — 57.5%** |
| ABN AMRO Funding USA LLC<sup>(a),(c)</sup> <br>| 3.89 | 9/17/2026 | 12000000 | 11778245 |
| Albion Capital Corporation SA<sup>(c)</sup> <br>| 4.02 | 4/27/2026 | 18000000 | 17948491 |
| Australia & New Zealand Banking Group Ltd.<sup>(a),(c)</sup> <br>| 3.74 | 9/8/2026 | 10000000 | 9828386 |
| Autobahn Funding Company LLC<sup>(a),(c)</sup> <br>| 3.78 | 4/6/2026 | 15000000 | 14990778 |
| BofA Securities, Inc.<sup>(c)</sup> <br>| 3.70 | 10/23/2026 | 5000000 | 4888213 |
| Canadian Imperial Bank of Commerce, (1 Month SOFR +0.31%)<sup>(a),(b)</sup> <br>| 3.99 | 9/8/2026 | 4500000 | 4500181 |
| Caterpillar, Inc.<sup>(c)</sup> <br>| 3.77 | 4/2/2026 | 8000000 | 7998375 |
| Collateralized Commercial Paper V Co., LLC, (1 Month SOFR +0.28%)<sup>(b)</sup> <br>| 3.96 | 10/30/2026 | 5000000 | 4997705 |
| Commonwealth Bank of Australia<sup>(a),(c)</sup> <br>| 3.74 | 3/12/2027 | 7000000 | 6734426 |
| CRC Funding LLC, (1 Month SOFR +0.23%)<sup>(a),(b)</sup> <br>| 3.91 | 5/13/2026 | 5000000 | 5000836 |
| Credit Industriel et Commercial, (1 Month SOFR +0.27%)<sup>(a),(b)</sup> <br>| 3.95 | 4/2/2026 | 6000000 | 6000063 |
| Danske Bank<sup>(a),(c)</sup> <br>| 3.73 | 10/27/2026 | 5000000 | 4886347 |
| DBS Bank Ltd.<sup>(a),(c)</sup> <br>| 3.84 | 6/5/2026 | 12600000 | 12511897 |
| Exxon Mobil Corp.<sup>(c)</sup> <br>| 3.75 | 4/1/2026 | 12000000 | 11998800 |
| Federation des Caisses Desjardins du Quebec<sup>(c)</sup> <br>| 3.77 | 3/15/2027 | 10000000 | 9621274 |
| Federation des Caisses Desjardins du Quebec<sup>(a),(c)</sup> <br>| 3.90 | 3/19/2027 | 5000000 | 4808426 |
| HSBC Bank PLC, (1 Month SOFR +0.25%)<sup>(a),(b)</sup> <br>| 3.93 | 6/17/2026 | 5000000 | 5000077 |
| ING US Funding LLC<sup>(a),(c)</sup> <br>| 4.37 | 4/6/2026 | 1500000 | 1499078 |
| ING US Funding LLC, (1 Month SOFR +0.22%)<sup>(a),(b)</sup> <br>| 3.90 | 9/9/2026 | 10000000 | 9996698 |

---

**6**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Annualized<br> Yield (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Commercial Paper — 57.5% (continued)** | **Commercial Paper — 57.5% (continued)** | **Commercial Paper — 57.5% (continued)** | **Commercial Paper — 57.5% (continued)** | **Commercial Paper — 57.5% (continued)** |
| Lloyds Bank Corp.<sup>(c)</sup> <br>| 3.95 | 11/19/2026 | 7000000 | 6822279 |
| LMA Americas LLC<sup>(a),(c)</sup> <br>| 3.77 | 9/3/2026 | 8000000 | 7862998 |
| LMA Americas LLC<sup>(a),(c)</sup> <br>| 3.91 | 5/22/2026 | 5000000 | 4972113 |
| Macquarie Bank Ltd.<sup>(a),(c)</sup> <br>| 3.79 | 7/1/2026 | 7000000 | 6930209 |
| Macquarie Bank Ltd.<sup>(a),(c)</sup> <br>| 4.37 | 4/30/2026 | 4250000 | 4236719 |
| Manhattan Asset Funding Co., LLC<sup>(a),(c)</sup> <br>| 3.94 | 4/20/2026 | 6500000 | 6486514 |
| Manhattan Asset Funding Co., LLC, (1 Month SOFR +0.30%)<sup>(a),(b)</sup> <br>| 3.98 | 10/1/2026 | 10000000 | 10000493 |
| National Australia Bank Ltd., (1 Month SOFR +0.20%)<sup>(a),(b)</sup> <br>| 3.88 | 9/16/2026 | 9000000 | 9000360 |
| Old Line Funding LLC, (1 Month SOFR +0.29%)<sup>(a),(b)</sup> <br>| 3.97 | 7/2/2026 | 5000000 | 5000123 |
| Oversea-Chinese Banking Corp Ltd.<sup>(a),(c)</sup> <br>| 3.84 | 6/3/2026 | 12000000 | 11917871 |
| Paradelle Funding LLC, (1 Month SOFR +0.27%)<sup>(b)</sup> <br>| 3.95 | 11/16/2026 | 6000000 | 5999356 |
| Podium Funding Trust<sup>(c)</sup> <br>| 3.82 | 7/16/2026 | 4500000 | 4448087 |
| Sanofi SA<sup>(a),(c)</sup> <br>| 3.83 | 4/17/2026 | 15000000 | 14973973 |
| Sheffield Receivables Corp.<sup>(a),(c)</sup> <br>| 3.80 | 4/8/2026 | 8000000 | 7993434 |
| Sheffield Receivables Corp.<sup>(a),(c)</sup> <br>| 3.80 | 6/11/2026 | 9000000 | 8930628 |
| Societe Generale SA<sup>(a),(c)</sup> <br>| 3.81 | 7/31/2026 | 12362000 | 12200201 |
| Starbird Funding Corp., (3 Month SOFR +0.22%)<sup>(a),(b)</sup> <br>| 3.90 | 9/17/2026 | 8000000 | 7998910 |
| Svenska Handelsbanken AB, (1 Month SOFR +0.22%)<sup>(a),(b)</sup> <br>| 3.90 | 11/10/2026 | 7000000 | 7000396 |
| Swedbank AB<sup>(a),(c)</sup> <br>| 3.90 | 3/23/2027 | 10000000 | 9611465 |
| The Bank of Nova Scotia, (3 Month SOFR +0.30%)<sup>(a),(b)</sup> <br>| 3.98 | 2/23/2027 | 5000000 | 4995898 |
| Westpac Banking Corp., (1 Month SOFR +0.28%)<sup>(a),(b)</sup> <br>| 3.96 | 5/29/2026 | 4000000 | 4001246 |
| &nbsp;&nbsp;&nbsp; **Total Commercial Paper** <br>(cost $316,419,787) | &nbsp;&nbsp;&nbsp; **Total Commercial Paper** <br>(cost $316,419,787) | &nbsp;&nbsp;&nbsp; **Total Commercial Paper** <br>(cost $316,419,787) |  | **316371569** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | |
|:---|:---|:---|:---|
|  | 1-Day <br>Yield (%)<br>| Shares |  |
| **Investment Companies — .2%** | **Investment Companies — .2%** | **Investment Companies — .2%** | **Investment Companies — .2%** |
| **Registered Investment Companies — .2%** | **Registered Investment Companies — .2%** | **Registered Investment Companies — .2%** | **Registered Investment Companies — .2%** |
| &nbsp;&nbsp;&nbsp; Dreyfus Institutional Preferred Government Money Market Fund, Institutional Shares<sup>(d)</sup> <br>(cost $1,062,522)<br>| 3.59 | 1062522 | **1062522** |
| **Total Investments** (cost $548,272,803) | **Total Investments** (cost $548,272,803) | **99.6%** | **548125218** |
| **Cash and Receivables (Net)** | **Cash and Receivables (Net)** | **.4%** | **1957143** |
| **Net Assets**  | **Net Assets**  | **100.0%** | **550082361** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

*SOFR—Secured Overnight Financing Rate* <br> *SOFRCOMPOUND—Compounded Secured Overnight Financing Rate* <br> *SOFRIX—Secured Overnight Financing Rate Index*

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> *Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities may be resold in transactions exempt from* *registration, normally to qualified institutional buyers. At March 31, 2026, these securities amounted to $276,330,030 or 50.2% of net assets.* 

<sup>(b)</sup> *Variable rate security—Interest rate resets periodically and the rate shown is the interest rate in effect at period end. Security description also includes the* *reference rate and spread if published and available.* 

<sup>(c)</sup> *Security is a discount security. Income is recognized through the accretion of discount.*

<sup>(d)</sup> *Investment in affiliated issuer. The investment objective of this investment company is publicly available and can be found within the investment company's* *prospectus.* 

*See notes to schedule of investments.*

**7**

------

Schedule of Investments

BNY Mellon Ultra Short Income ETF

March 31, 2026 (Unaudited)

The following is a summary of the inputs used as of March 31, 2026 in valuing the fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2- Other** <br>**Significant** <br>**Observable Inputs**<br>| **Level 3-** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Assets ($)** |  |  |  |  |
| Investments in Securities:<sup>†</sup> <br>|  |  |  |  |
| Commercial Paper | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 316371569 | &nbsp;&nbsp; — | &nbsp;&nbsp; **316371569** |
| Corporate Bonds and Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 206522923 | &nbsp;&nbsp; — | &nbsp;&nbsp; **206522923** |
| U.S. Treasury Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24168204 | &nbsp;&nbsp; — | &nbsp;&nbsp; **24168204** |
| Investment Companies | &nbsp;&nbsp; 1062522 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; **1062522** |
|  | &nbsp;&nbsp; **1062522** | &nbsp;&nbsp; **547062696** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **548125218** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>†</sup> *See Schedule of Investments for additional detailed categorizations, if any.*

**8**

------

The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") is the exclusive reference of authoritative U.S. generally accepted accounting principles ("GAAP") recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission ("SEC") under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund's investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

**Level 1**—unadjusted quoted prices in active markets for identical investments.

**Level 2**—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

**Level 3**—significant unobservable inputs (including the fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund's investments are as follows:

BNY Mellon ETF Trust's (the "Trust") Board of Trustees (the "Board") has designated the Adviser as the fund's valuation designee to make all fair value determinations with respect to the fund's portfolio of investments, subject to the Board's oversight.

Investments in other open-end investment companies are valued at their reported net asset values ("NAVs") each day and are generally categorized within Level 1 of the fair value hierarchy.

Investments in debt securities and instruments generally will be valued, to the extent possible, by one or more independent pricing services (the "Service"). When, in the judgment of the Service, quoted bid prices for debt securities and instruments are representative of the bid side of the market, these investments are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). The value of other debt securities and instruments is determined by the Service based on methods which include consideration of: yields or prices of securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Services are engaged under the general supervision of the board. Overnight and certain other short-term debt securities and instruments (excluding Treasury Bills) will be valued by the amortized cost method, which approximates value, unless a Service provides a valuation for such security or, in the opinion of the valuation designee, the amortized cost method would not represent fair value. These securities are generally categorized within Level 2 of the fair value hierarchy.

Restricted securities, as well as securities or other assets for which recent market quotations are not readily available or are determined not to reflect fair value accurately, are valued at fair value as determined in good faith based on procedures approved by the Board. Fair value of investments may be determined by the valuation designee using such information as it deems appropriate under the circumstances. The factors that may be considered when fair valuing a security include fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. Using fair value to price investments may result in a value that is different from a security's most recent closing price and from the prices used by other funds to calculate their NAVs. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

**9**

------

At March 31, 2026, accumulated net unrealized depreciation on investments was $147,585, consisting of $347,733 gross unrealized appreciation and $495,318 gross unrealized depreciation.

At March 31, 2026, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Schedule of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.

**10**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BNY Mellon ETF Trust

- **b. Investment Company Act file number:** 811-23477

- **c. CIK number of Registrant:** 0001493580

- **d. LEI of Registrant:** 549300E2C8EQYJ7B0H81

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

  - **Street Address 1:** 240 Greenwich Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10286

  - **Telephone number:** 212-922-6400

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

- **a. Name of Series:** BNY Mellon Ultra Short Income ETF

- **b. EDGAR series identifier (if any):** S000072501

- **c. LEI of Series:** 5493005Z6KHXJUQ2E041

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $550140441.24

**Total Liabilities:** $58080.20

**Net Assets:** $550082361.04

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3392.60386000 | **1-Year:** 29371.69635000 | **5-Year:** 9184.22836000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000228810 | 0.34%                | 0.34%                | 0.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $7287.54                 | $-47208.91                                 |
| Month 2  | $13786.36                | $47056.25                                  |
| Month 3  | $-2731.58                | $-1202388.49                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Canadian Imperial Bank of Commerce                          | CM F 01/13/28                                                                | CUSIP: 13607PVR2<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1500000 | PA      | $1500847.04   | 0.27%             | 2028-01-13      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| Podium Funding Trust                                        | Podium Funding Trust 0% CP 16/07/2026                                        | CUSIP: 73044GGG8<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   4500000 | PA      | $4448087.10   | 0.81%             | 2026-07-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                       | WSTP F 06/03/26                                                              | CUSIP: 961214ES8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1900000 | PA      | $1900923.46   | 0.35%             | 2026-06-03      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                                | NAB F 10/26/27 144A                                                          | CUSIP: 632525BW0<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   1750000 | PA      | $1755239.19   | 0.32%             | 2027-10-26      | Floating      | 4.23%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, National Association (Utah)            | MS F 10/30/26 BKNT                                                           | CUSIP: 61690U7X2<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502183.89    | 0.09%             | 2026-10-30      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Target Corp.                                                | TGT 4.35 06/15/28                                                            | CUSIP: 87612EBU9<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4220779.67   | 0.77%             | 2028-06-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                   | TD F 04/05/27 GMTN                                                           | CUSIP: 89115A2X9<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    850000 | PA      | $851657.52    | 0.15%             | 2027-04-05      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                        | GM 5.4 04/06/26                                                              | CUSIP: 37045XEF9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250024.39    | 0.05%             | 2026-04-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                             | Danske Bank A/S 0% CP 27/10/2026                                             | CUSIP: 23636RKT0<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | STIV             | CORP              | DK        |   5000000 | PA      | $4886347.00   | 0.89%             | 2026-10-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.                  | ANZ F 07/16/27 144A                                                          | CUSIP: 05252ADL2<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |    900000 | PA      | $902511.63    | 0.16%             | 2027-07-16      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                      | STANLN F 05/14/28 144A                                                       | CUSIP: 853254DD9<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   4200000 | PA      | $4221524.54   | 0.77%             | 2028-05-14      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                        | SUMIBK 1.902 09/17/28                                                        | CUSIP: 86562MCG3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   4200000 | PA      | $3945394.28   | 0.72%             | 2028-09-17      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Truist Bank (North Carolina)                                | TFC F 01/27/29 BKNT                                                          | CUSIP: 89788JAK5<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998467.58   | 0.36%             | 2029-01-27      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                         | BNS 5.35 12/07/26                                                            | CUSIP: 06418JAA9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $755844.19    | 0.14%             | 2026-12-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                            | BMO 5.203 02/01/28                                                           | CUSIP: 06368LGV2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   4200000 | PA      | $4264663.24   | 0.78%             | 2028-02-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Collateralized Commercial Paper V Co LLC                    | Collateralized Commercial Paper V Co LLC FRN CP 30/10/2026 USD               | CUSIP: 19423RRL5<br>LEI: 549300ZLXI3T111CH173 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4997704.75   | 0.91%             | 2026-10-30      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank, National Association                   | JPM 5.11 12/08/26                                                            | CUSIP: 48125LRU8<br>LEI: 7H6GLXDRUGQFU57RNE97 | Long             | DBT              | CORP              | US        |    325000 | PA      | $326860.96    | 0.06%             | 2026-12-08      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                       | LOW 1.7 09/15/28                                                             | CUSIP: 548661ED5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $3948189.38   | 0.72%             | 2028-09-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMMERCE                          | Canadian Imperial Bank of Commerce FRN CP 08/09/2026 USD (SEC REGD)          | CUSIP: 13608CSM5<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | STIV             | CORP              | CA        |   4500000 | PA      | $4500181.13   | 0.82%             | 2026-09-08      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                    | T 4.25 03/01/27                                                              | CUSIP: 00206RDQ2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1899427.30   | 0.35%             | 2027-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                     | MBGGR 3.45 01/06/27 144A                                                     | CUSIP: 233851CU6<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    325000 | PA      | $323049.14    | 0.06%             | 2027-01-06      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp.                                      | TFC 1.125 08/03/27 MTN                                                       | CUSIP: 89788MAC6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1869540.91   | 0.34%             | 2027-08-03      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                        | CAT F 05/14/27 MTN                                                           | CUSIP: 14913UAM2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    750000 | PA      | $751050.10    | 0.14%             | 2027-05-14      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Bank of America, N.A.                                       | BAC 5.526 08/18/26                                                           | CUSIP: 06428CAA2<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301315.94    | 0.05%             | 2026-08-18      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                   | TOYOTA F 03/19/27 MTN                                                        | CUSIP: 89236TMA0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    750000 | PA      | $751430.75    | 0.14%             | 2027-03-19      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                          | TMUS 3.75 04/15/27                                                           | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    600000 | PA      | $596399.37    | 0.11%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                             | CI 4.375 10/15/28                                                            | CUSIP: 125523AH3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4197347.74   | 0.76%             | 2028-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                       | IBM 4.65 02/10/28                                                            | CUSIP: 459200LF6<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4228110.68   | 0.77%             | 2028-02-10      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Credit Industriel Et Commercial-Cic Sa New York Branch      | Credit Industriel Et Commercial-Cic Sa New York Branch FRN CP 02/04/2026 USD | CUSIP: 22536NCH7<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   6000000 | PA      | $6000063.00   | 1.09%             | 2026-04-02      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                            | BMO 5.266 12/11/26                                                           | CUSIP: 06368LC53<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    325000 | PA      | $327274.58    | 0.06%             | 2026-12-11      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| LMA AMERICAS LLC                                            | Lma S A / Lma Amers Llc 0% CP 22/05/2026                                     | CUSIP: 53944REN4<br>LEI: N/A                  | Long             | ABS-APCP         | CORP              | US        |   5000000 | PA      | $4972112.50   | 0.90%             | 2026-05-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KeyBank National Association                                | KEY 5.85 11/15/27 BKNT                                                       | CUSIP: 49327M3F9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2297823.26   | 0.42%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| DREYFUS INSTITUTIONAL PREFERRED MONEY MARKET FUNDS          | Dreyfus Instl Resv PFD GOVT INSTL                                            | CUSIP: 26200X100<br>LEI: 5493006CKAQEE1JHBZ16 | Long             | STIV             | RF                | US        |   1062522 | NS      | $1062521.68   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lma S A / Lma Amers Llc                                     | Lma S A / Lma Amers Llc 0% CP 03/09/2026                                     | CUSIP: 53944RJ33<br>LEI: N/A                  | Long             | ABS-APCP         | CORP              | US        |   8000000 | PA      | $7862997.60   | 1.43%             | 2026-09-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Natwest Markets PLC                                         | NWG F 11/06/28 144A                                                          | CUSIP: 63906YAR9<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2001220.94   | 0.36%             | 2028-11-06      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                         | CMCSA 4.55 01/15/29                                                          | CUSIP: 20030NED9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4231338.22   | 0.77%             | 2029-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Natwest Markets PLC                                         | NWG 1.6 09/29/26 144A                                                        | CUSIP: 63906YAD0<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    225000 | PA      | $222124.02    | 0.04%             | 2026-09-29      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Starbird Funding Corporation                                | Starbird Funding Corporation FRN CP 17/09/2026 USD (SEC REGD)                | CUSIP: 85520PPS9<br>LEI: 549300A8DDPP6QJBB522 | Long             | STIV             | CORP              | US        |   8000000 | PA      | $7998910.40   | 1.45%             | 2026-09-17      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                           | Exxon Mobil Corp. 0% CP 01/04/2026                                           | CUSIP: 30229BD12<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | STIV             | CORP              | US        |  12000000 | PA      | $11998800.00  | 2.18%             | 2026-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DBS Bank Limited                                            | DBS Bank Limited 0% CP 05/06/2026                                            | CUSIP: 23305EF57<br>LEI: ATUEL7OJR5057F2PV266 | Long             | STIV             | CORP              | SG        |  12600000 | PA      | $12511897.02  | 2.27%             | 2026-06-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                             | SUMITR 5.65 09/14/26 144A                                                    | CUSIP: 86563VBK4<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    325000 | PA      | $327014.45    | 0.06%             | 2026-09-14      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ANZ NEW ZEALAND (INT'L) LTD LONDON BRANCH                   | ANZNZ F 01/22/29 144A                                                        | CUSIP: 00182EBW8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $1998122.58   | 0.36%             | 2029-01-22      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Natwest Markets PLC                                         | NWG F 03/21/28 144A                                                          | CUSIP: 63906YAN8<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   1400000 | PA      | $1405750.68   | 0.26%             | 2028-03-21      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                         | BNS 5.25 06/12/28                                                            | CUSIP: 06418GAD9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   3800000 | PA      | $3877572.71   | 0.70%             | 2028-06-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                                    | Svenska Handelsbanken AB 0% CP 10/11/2026 USD                                | CUSIP: 86960LNW6<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |   7000000 | PA      | $7000395.85   | 1.27%             | 2026-11-10      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                | UBS 4.282 01/09/28 144A                                                      | CUSIP: 225401AC2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4200000 | PA      | $4185941.51   | 0.76%             | 2028-01-09      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| BMW US Capital, LLC                                         | BMW F 08/13/27 144A                                                          | CUSIP: 05565ECT0<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1202079.70   | 0.22%             | 2027-08-13      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Sanofi SA                                                   | SANFP F 11/03/28                                                             | CUSIP: 801060AH7<br>LEI: 549300E9PC51EN656011 | Long             | DBT              | CORP              | FR        |   4200000 | PA      | $4213021.89   | 0.77%             | 2028-11-03      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                | T 3.375 09/15/28                                                             | CUSIP: 91282CNY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3700000 | PA      | $3662132.79   | 0.67%             | 2028-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                        | JPM F 04/22/28 .                                                             | CUSIP: 46647PEF9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2006573.78   | 0.36%             | 2028-04-22      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                               | USB 2.375 07/22/26 V                                                         | CUSIP: 91159HHN3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    325000 | PA      | $323383.23    | 0.06%             | 2026-07-22      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.                        | SUMIBK 1.402 09/17/26                                                        | CUSIP: 86562MCH1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $296416.64    | 0.05%             | 2026-09-17      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                             | SBUX 2 03/12/27                                                              | CUSIP: 855244AV1<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1908564.12   | 0.35%             | 2027-03-12      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                          | CM F 10/02/26                                                                | CUSIP: 13607LWU3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    375000 | PA      | $376194.56    | 0.07%             | 2026-10-02      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                    | LLOYDS F 11/26/28                                                            | CUSIP: 539439BB4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2400000 | PA      | $2410782.19   | 0.44%             | 2028-11-26      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd.                                     | DBSSP F 03/21/28 144A                                                        | CUSIP: 24023KAM0<br>LEI: 5493007FKT78NKPM5V55 | Long             | DBT              | CORP              | SG        |   2250000 | PA      | $2253772.76   | 0.41%             | 2028-03-21      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                         | Macquarie Bank Ltd. 0% CP 01/07/2026                                         | CUSIP: 55607LG16<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |   7000000 | PA      | $6930209.30   | 1.26%             | 2026-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.                         | MUFG 3.741 03/07/29                                                          | CUSIP: 606822BH6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   2000000 | PA      | $1968385.60   | 0.36%             | 2029-03-07      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                         | MQGAU F 07/02/27 144A                                                        | CUSIP: 55608PBU7<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   2050000 | PA      | $2060485.18   | 0.37%             | 2027-07-02      | Floating      | 4.55%                 | No            |                  2 | On Loan: No      |
| OLD LINE FUNDIN FRN 07/26                                   | OLD LINE FUNDIN FRN 07/26                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5000123.50   | 0.91%             | 2026-07-02      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| Paccar Financial Corp                                       | PCAR 4.55 03/03/28                                                           | CUSIP: 69371RT63<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1764280.53   | 0.32%             | 2028-03-03      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Abn Amro Funding Usa Llc                                    | Abn Amro Funding Usa Llc 0% CP 17/09/2026                                    | CUSIP: 00084CJH6<br>LEI: 549300WEQ09INLYV6558 | Long             | STIV             | CORP              | US        |  12000000 | PA      | $11778244.80  | 2.14%             | 2026-09-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                             | CVS 3 08/15/26                                                               | CUSIP: 126650DF4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298235.90    | 0.05%             | 2026-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                        | RY F 01/19/27 GMTN                                                           | CUSIP: 78016HZU7<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    650000 | PA      | $652682.97    | 0.12%             | 2027-01-19      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Sanofi SA                                                   | Sanofi SA 0% CP 17/04/2026                                                   | CUSIP: 8010M3DH0<br>LEI: 549300E9PC51EN656011 | Long             | STIV             | CORP              | FR        |  15000000 | PA      | $14973973.50  | 2.72%             | 2026-04-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                            | AMZN 3.15 08/22/27                                                           | CUSIP: 023135BC9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1927025.88   | 0.35%             | 2027-08-22      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| ING US FUNDING LLC                                          | ING (US) Funding LLC 0% CP 06/04/2026                                        | CUSIP: 45685RD61<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1499078.25   | 0.27%             | 2026-04-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE NORTH AMERICA INC                          | Societe Generale S.A. 0% CP 31/07/2026                                       | CUSIP: 83369CGX6<br>LEI: 5493004I6N8OONF6V179 | Long             | STIV             | CORP              | US        |  12362000 | PA      | $12200201.20  | 2.22%             | 2026-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                                | National Australia Bank Ltd. FRN CP 16/09/2026 USD (SEC REGD)                | CUSIP: 63254G3R4<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | STIV             | CORP              | AU        |   9000000 | PA      | $9000360.45   | 1.64%             | 2026-09-16      | Floating      | 3.83%                 | No            |                  2 | On Loan: No      |
| Sheffield Receivables Corporation                           | Sheffield Receivables Corporation 0% CP 08/04/2026                           | CUSIP: 82124MD80<br>LEI: 549300MYF6MOTU9T3G29 | Long             | ABS-APCP         | CORP              | US        |   8000000 | PA      | $7993433.60   | 1.45%             | 2026-04-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                   | TD 5.156 01/10/28                                                            | CUSIP: 89115A2M3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $4052353.72   | 0.74%             | 2028-01-10      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                    | DE 4.75 01/20/28 MTN                                                         | CUSIP: 24422EWR6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4257821.99   | 0.77%             | 2028-01-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.                  | ANZ F 09/30/27 144A                                                          | CUSIP: 05252ADM0<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $1003888.98   | 0.18%             | 2027-09-30      | Floating      | 4.30%                 | No            |                  2 | On Loan: No      |
| AUTOBAHN FUNDING CO LLC                                     | Autobahn Funding Company LLC 0% CP 06/04/2026                                | CUSIP: 0527M1D69<br>LEI: N/A                  | Long             | ABS-APCP         | CORP              | US        |  15000000 | PA      | $14990778.00  | 2.73%             | 2026-04-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                              | C F 06/09/27                                                                 | CUSIP: 172967MZ1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1601118.40   | 0.29%             | 2027-06-09      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Albion Capital Corporation S.A.                             | Albion Capital Corporation S.A. 0% CP 27/04/2026                             | CUSIP: 01329XDT3<br>LEI: 2138007N7N1G5L17WK33 | Long             | STIV             | CORP              | LU        |  18000000 | PA      | $17948491.20  | 3.26%             | 2026-04-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                              | INTNED 3.95 03/29/27                                                         | CUSIP: 456837AH6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    600000 | PA      | $598311.07    | 0.11%             | 2027-03-29      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                       | BAC 3.248 10/21/27 MTN                                                       | CUSIP: 06051GGA1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1973609.84   | 0.36%             | 2027-10-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Roche Holdings, Inc.                                        | ROSW F 11/13/26 144A                                                         | CUSIP: 771196CD2<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    650000 | PA      | $650978.84    | 0.12%             | 2026-11-13      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association                              | USB F 10/22/27                                                               | CUSIP: 90331HPQ0<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1600859.76   | 0.29%             | 2027-10-22      | Floating      | 4.36%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                   | GS F 01/21/29                                                                | CUSIP: 38141GD76<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998079.08   | 0.36%             | 2029-01-21      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corporation                          | HNDA 1.3 09/09/26 MTN                                                        | CUSIP: 02665WDZ1<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296287.56    | 0.05%             | 2026-09-09      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA NEW YORK BRANCH                    | RABOBK F 10/17/28                                                            | CUSIP: 21688ABQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4205620.90   | 0.76%             | 2028-10-17      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                       | WSTP F 03/06/28 144A                                                         | CUSIP: 9612E0DL8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   2200000 | PA      | $2197757.19   | 0.40%             | 2028-03-06      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| Pepsico Inc                                                 | PEP 4.45 02/07/28                                                            | CUSIP: 713448GA0<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2016983.96   | 0.37%             | 2028-02-07      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                              | SCHW F 05/13/26                                                              | CUSIP: 808513BQ7<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300005.36    | 0.05%             | 2026-05-13      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                                     | NACN F 07/02/27                                                              | CUSIP: 63307A2Z7<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |    750000 | PA      | $751054.83    | 0.14%             | 2027-07-02      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                | BACR F 09/13/27                                                              | CUSIP: 06738ECM5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    750000 | PA      | $752990.96    | 0.14%             | 2027-09-13      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Shire Acquisitions Investments Ireland DAC                  | TACHEM 3.2 09/23/26                                                          | CUSIP: 82481LAD1<br>LEI: 549300XK5HGW68R8K327 | Long             | DBT              | CORP              | IE        |      7000 | PA      | $6968.57      | 0.00%             | 2026-09-23      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                                | NAB 1.887 01/12/27 144A                                                      | CUSIP: 6325C0EB3<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |    375000 | PA      | $368685.25    | 0.07%             | 2027-01-12      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                        | CAT F 02/23/29                                                               | CUSIP: 14913UBK5<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3993017.68   | 0.73%             | 2029-02-23      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets PLC                                      | BPLN 3.723 11/28/28                                                          | CUSIP: 05565QDH8<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $1971329.24   | 0.36%             | 2028-11-28      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| Bofa Securities Inc                                         | Bofa Securities Inc 0% CP 23/10/2026                                         | CUSIP: 06054PKP0<br>LEI: 549300HN4UKV1E2R3U73 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4888213.00   | 0.89%             | 2026-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                 | ABBV 2.95 11/21/26                                                           | CUSIP: 00287YBV0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    350000 | PA      | $347534.59    | 0.06%             | 2026-11-21      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                              | INTNED 4.55 10/02/28                                                         | CUSIP: 456837AM5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   4200000 | PA      | $4207875.34   | 0.76%             | 2028-10-02      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                           | PNC 2.6 07/23/26                                                             | CUSIP: 693475AX3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    325000 | PA      | $323314.93    | 0.06%             | 2026-07-23      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                | T 3.5 01/31/28                                                               | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9943750.00   | 1.81%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United Overseas Bank Ltd.                                   | UOBSP F 04/02/28 144A                                                        | CUSIP: 91127KAL6<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |   2200000 | PA      | $2207619.59   | 0.40%             | 2028-04-02      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| Manhattan Asset Funding Company LLC                         | Manhattan Asset Funding Company LLC 0% CP 20/04/2026                         | CUSIP: 56274MDL3<br>LEI: 549300S0NSJYSOB32S63 | Long             | ABS-APCP         | CORP              | US        |   6500000 | PA      | $6486513.80   | 1.18%             | 2026-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                         | Macquarie Bank Ltd. 0% CP 30/04/2026                                         | CUSIP: 55607LDW1<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |   4250000 | PA      | $4236718.75   | 0.77%             | 2026-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citibank, N.A.                                              | C 5.803 09/29/28                                                             | CUSIP: 17325FBB3<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3634783.22   | 0.66%             | 2028-09-29      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Bank, National Association                      | WFC F 12/11/26                                                               | CUSIP: 94988J6G7<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |    900000 | PA      | $902537.24    | 0.16%             | 2026-12-11      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                    | DE 1.7 01/11/27 MTN                                                          | CUSIP: 24422EWA3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    350000 | PA      | $343606.78    | 0.06%             | 2027-01-11      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                                   | TD 5.532 07/17/26 MTN                                                        | CUSIP: 89115A2S0<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $200862.21    | 0.04%             | 2026-07-17      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| CRC FUNDING LLC                                             | CRC Funding LLC FRN CP 13/05/2026 USD                                        | CUSIP: 12620DAA4<br>LEI: 549300HKCCNTZDBBEN75 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $5000836.50   | 0.91%             | 2026-05-13      | Floating      | 3.86%                 | No            |                  2 | On Loan: No      |
| Manufacturers & Traders Trust Co.                           | MTB 4.7 01/27/28                                                             | CUSIP: 55279HAW0<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4226188.01   | 0.77%             | 2028-01-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ING US Funding LLC                                          | ING US Funding LLC FRN CP 09/09/2026 USD                                     | CUSIP: 44988GHR2<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9996698.00   | 1.82%             | 2026-09-09      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co (The)                                          | KO 1 03/15/28                                                                | CUSIP: 191216DD9<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $3970337.99   | 0.72%             | 2028-03-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co.                                             | LLY 4.55 02/12/28                                                            | CUSIP: 532457CU0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4235500.25   | 0.77%             | 2028-02-12      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                      | STANLN F 07/06/27 144A                                                       | CUSIP: 853254CV0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $401491.90    | 0.07%             | 2027-07-06      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Sheffield Receivables Corporation                           | Sheffield Receivables Corporation 0% CP 11/06/2026                           | CUSIP: 82124MFB1<br>LEI: 549300MYF6MOTU9T3G29 | Long             | ABS-APCP         | CORP              | US        |   9000000 | PA      | $8930628.00   | 1.62%             | 2026-06-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BMW US Capital, LLC                                         | BMW 4.9 04/02/27 144A                                                        | CUSIP: 05565ECH6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    600000 | PA      | $603724.07    | 0.11%             | 2027-04-02      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp Ltd.                           | Oversea-Chinese Banking Corp Ltd. 0% CP 03/06/2026                           | CUSIP: 69034BF39<br>LEI: 5493007O3QFXCPOGWK22 | Long             | STIV             | CORP              | SG        |  12000000 | PA      | $11917870.80  | 2.17%             | 2026-06-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Walt Disney Company                                         | DIS 3.75 03/14/29                                                            | CUSIP: 254687GC4<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988789.05    | 0.18%             | 2029-03-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Federation des Caisses Desjardins du Quebec                 | Federation des Caisses Desjardins du Quebec 0% CP 15/03/2027                 | CUSIP: 31428GQF3<br>LEI: 549300B2Q47IR0CR5B54 | Long             | STIV             | CORP              | CA        |  10000000 | PA      | $9621274.00   | 1.75%             | 2027-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC USA, Inc.                                              | HSBC 4.65 06/03/28                                                           | CUSIP: 40428HR95<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4226870.80   | 0.77%             | 2028-06-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                         | CSCO 4.55 02/24/28                                                           | CUSIP: 17275RBW1<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1263185.79   | 0.23%             | 2028-02-24      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                              | SCHW 3.2 01/25/28                                                            | CUSIP: 808513AU9<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4133813.67   | 0.75%             | 2028-01-25      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, National Association (Utah)            | MS F 05/26/28 BKNT                                                           | CUSIP: 61690U8C7<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   2280000 | PA      | $2281012.94   | 0.41%             | 2028-05-26      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank Corporate Markets PLC                           | Lloyds Bank Corporate Markets PLC 0% CP 19/11/2026                           | CUSIP: 53948BLK3<br>LEI: 213800MBWEIJDM5CU638 | Long             | STIV             | CORP              | GB        |   7000000 | PA      | $6822279.10   | 1.24%             | 2026-11-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc                                            | MRK F 03/15/29                                                               | CUSIP: 58933YBV6<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2004963.30   | 0.36%             | 2029-03-15      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                        | CAT F 11/15/27                                                               | CUSIP: 14913UAT7<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001187.51   | 0.18%             | 2027-11-15      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                | T 1.25 04/30/28                                                              | CUSIP: 91282CBZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4745703.10   | 0.86%             | 2028-04-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Truist Bank (North Carolina)                                | TFC F 07/24/28 BKNT                                                          | CUSIP: 89788JAG4<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500417.29    | 0.09%             | 2028-07-24      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                          | STT 5.272 08/03/26                                                           | CUSIP: 857477CD3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225757.01    | 0.04%             | 2026-08-03      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                         | CMCSA 2.35 01/15/27                                                          | CUSIP: 20030NBW0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    750000 | PA      | $739429.56    | 0.13%             | 2027-01-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| National Bank of Canada                                     | NACN F 01/20/29 MTN                                                          | CUSIP: 63307A3L7<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   4200000 | PA      | $4205300.23   | 0.76%             | 2029-01-20      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company Inc                        | GM F 05/08/27                                                                | CUSIP: 37045XES1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1358104.86   | 0.25%             | 2027-05-08      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                           | WFC F 01/24/28                                                               | CUSIP: 95000U3S0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1999681.58   | 0.36%             | 2028-01-24      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                | ORCL 2.65 07/15/26                                                           | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298393.91    | 0.05%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| American Express Company                                    | AXP 2.55 03/04/27                                                            | CUSIP: 025816CS6<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    750000 | PA      | $739254.29    | 0.13%             | 2027-03-04      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                               | HSBC Bank PLC VAR CP 17/06/2026 USD (SEC REGD)                               | CUSIP: 40433FWA3<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | STIV             | CORP              | GB        |   5000000 | PA      | $5000077.25   | 0.91%             | 2026-06-17      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                          | STT F 08/03/26                                                               | CUSIP: 857477CE1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600207.38    | 0.11%             | 2026-08-03      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| Simon Property Group LP                                     | SPG 1.375 01/15/27                                                           | CUSIP: 828807DP9<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    725000 | PA      | $708999.18    | 0.13%             | 2027-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Chevron USA Inc                                             | CVX 4.475 02/26/28                                                           | CUSIP: 166756BB1<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1008071.32   | 0.18%             | 2028-02-26      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Caterpillar Inc                                             | Caterpillar Inc 0% CP 02/04/2026                                             | CUSIP: 14912ED20<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | STIV             | CORP              | US        |   8000000 | PA      | $7998375.20   | 1.45%             | 2026-04-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                       | Westpac Banking Corp. FRN CP 29/05/2026 USD                                  | CUSIP: 9612CAAA5<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        |   4000000 | PA      | $4001246.40   | 0.73%             | 2026-05-29      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                 | ABBV 4.65 03/15/28                                                           | CUSIP: 00287YDY2<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $4239634.22   | 0.77%             | 2028-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc.                                             | CRM 1.5 07/15/28                                                             | CUSIP: 79466LAH7<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   4200000 | PA      | $3944883.60   | 0.72%             | 2028-07-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ASB Bank Ltd.                                               | ASBBNK 5.398 11/29/27 144A                                                   | CUSIP: 00216LAF0<br>LEI: 549300IBZWZL1KTPF918 | Long             | DBT              | CORP              | NZ        |   2000000 | PA      | $2036857.26   | 0.37%             | 2027-11-29      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                | T 4 01/15/27                                                                 | CUSIP: 91282CJT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3800000 | PA      | $3807790.19   | 0.69%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Natwest Markets PLC                                         | NWG F 05/17/27 144A                                                          | CUSIP: 63906YAK4<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $501728.20    | 0.09%             | 2027-05-17      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                              | Commonwealth Bank of Australia 0% CP 12/03/2027                              | CUSIP: 20272EQC5<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | STIV             | CORP              | AU        |   7000000 | PA      | $6734425.60   | 1.22%             | 2027-03-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                    | LLOYDS F 01/05/28                                                            | CUSIP: 53944YAY9<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   1850000 | PA      | $1864716.03   | 0.34%             | 2028-01-05      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Paradelle Funding LLC                                       | Paradelle Funding LLC FRN CP 16/11/2026 USD                                  | CUSIP: 69901Q4Z7<br>LEI: 254900FFH2POKGD10532 | Long             | STIV             | CORP              | US        |   6000000 | PA      | $5999355.60   | 1.09%             | 2026-11-16      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                     | MBGGR 5.2 08/03/26 144A                                                      | CUSIP: 58769JAK3<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    325000 | PA      | $326073.82    | 0.06%             | 2026-08-03      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Target Corp.                                                | TGT 1.95 01/15/27                                                            | CUSIP: 87612EBM7<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |    700000 | PA      | $689172.53    | 0.13%             | 2027-01-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                   | GS F 02/24/28                                                                | CUSIP: 38141GZL1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2008667.82   | 0.37%             | 2028-02-24      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                              | SCHW 5.875 08/24/26                                                          | CUSIP: 808513CG8<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    350000 | PA      | $352058.08    | 0.06%             | 2026-08-24      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                         | Bank of Nova Scotia FRN CP 23/02/2027 USD                                    | CUSIP: 06417LH42<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | STIV             | CORP              | CA        |   5000000 | PA      | $4995897.50   | 0.91%             | 2027-02-23      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                | BACR 4.337 01/10/28                                                          | CUSIP: 06738EAU9<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3500000 | PA      | $3486526.51   | 0.63%             | 2028-01-10      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Swedbank AB (publ)                                          | Swedbank AB (publ) 0% CP 23/03/2027                                          | CUSIP: 87020XQP8<br>LEI: M312WZV08Y7LYUC71685 | Long             | STIV             | CORP              | SE        |  10000000 | PA      | $9611465.00   | 1.75%             | 2027-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Manhattan Asset Funding Company LLC                         | Manhattan Asset Funding Company LLC FRN CP 01/10/2026 USD (SEC REGD)         | CUSIP: 56274WFA3<br>LEI: 549300S0NSJYSOB32S63 | Long             | STIV             | CORP              | US        |  10000000 | PA      | $10000493.00  | 1.82%             | 2026-10-01      | Floating      | 3.93%                 | No            |                  2 | On Loan: No      |
| AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD NEW YORK BRANCH | Anz Banking Group (AU) Ltd 0% CP 08/09/2026                                  | CUSIP: 05253CJ80<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9828386.00   | 1.79%             | 2026-09-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PNC Bank National Association Pittsburgh Pennsylvania       | PNC 3.1 10/25/27 BKNT                                                        | CUSIP: 69353RFG8<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1967155.26   | 0.36%             | 2027-10-25      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Federation des Caisses Desjardins du Quebec                 | Federation des Caisses Desjardins du Quebec 0% CP 19/03/2027                 | CUSIP: 31428GQK2<br>LEI: 549300B2Q47IR0CR5B54 | Long             | STIV             | CORP              | CA        |   5000000 | PA      | $4808425.50   | 0.87%             | 2027-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                     | MBGGR 5.1 08/03/28 144A                                                      | CUSIP: 58769JAL1<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1523399.04   | 0.28%             | 2028-08-03      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc                                            | MRK 3.85 09/15/27                                                            | CUSIP: 58933YBP9<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2297889.01   | 0.42%             | 2027-09-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                | T 4.125 11/15/27                                                             | CUSIP: 91282CLX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2008828.12   | 0.37%             | 2027-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                           | PNC F 01/26/29                                                               | CUSIP: 693475CH6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998771.46   | 0.36%             | 2029-01-26      | Floating      | 4.29%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

**Name of Applicant:** BNY Mellon ETF Trust

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Treasurer