# EDGAR Filing Document

**Accession Number:** 0000787623
**File Stem:** 0001410368-25-007630
**Filing Date:** 2025-9
**Character Count:** 332150
**Document Hash:** 482624274c70f755ee792c94be36e93a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-007630.hdr.sgml**: 20250922

**ACCESSION NUMBER**: 0001410368-25-007630

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250922

**DATE AS OF CHANGE**: 20250922

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRANSAMERICA FUNDS
- **CENTRAL INDEX KEY:** 0000787623

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04556
- **FILM NUMBER:** 251328881

**BUSINESS ADDRESS:**
- **STREET 1:** 1801 CALIFORNIA STREET
- **STREET 2:** SUITE 5200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 720-482-8836

**MAIL ADDRESS:**
- **STREET 1:** 1801 CALIFORNIA STREET
- **STREET 2:** SUITE 5200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRANSAMERICA IDEX MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20040301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDEX MUTUAL FDS
- **DATE OF NAME CHANGE:** 20010504

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDEX MUTUAL FUNDS /
- **DATE OF NAME CHANGE:** 20010423

## Series and Classes Contracts Data

### Transamerica Bond (Series ID: S000007796)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000021244 | A            | IDITX           |
| C000021246 | C            | IFLLX           |
| C000021247 | I2           |  |
| C000081828 | I            | TFXIX           |
| C000156745 | R6           | TAFLX           |
| C000234684 | R            | TAADX           |

## Nport-Ex

**Transamerica Bond**

------

**SCHEDULE OF INVESTMENTS**

**At July 31, 2025**

**(unaudited)**

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

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES - 41.7%**  | **CORPORATE DEBT SECURITIES - 41.7%**  | **CORPORATE DEBT SECURITIES - 41.7%**  |
| **Aerospace & Defense - 1.0%**  | **Aerospace & Defense - 1.0%**  | **Aerospace & Defense - 1.0%**  |
| Boeing Co. |  |  |
| 5.93%, 05/01/2060 | $3136000 | $3000431 |
| 6.53%, 05/01/2034 | 3612000 | 3931330 |
| 6.86%, 05/01/2054 | 2005000 | 2203823 |
| Embraer Netherlands Finance BV |  |  |
| 7.00%, 07/28/2030 <sup>(A)</sup> <br>| 2343000 | 2510628 |
| General Electric Co. |  |  |
| 4.30%, 07/29/2030 | 2873000 | 2859292 |
| 4.50%, 03/11/2044 | 3922000 | 3465653 |
| 5.88%, 01/14/2038 | 1446000 | 1540731 |
| HEICO Corp. |  |  |
| 5.35%, 08/01/2033 | 4621000 | 4710933 |
|  |  | 24222821 |
| **Automobile Components - 0.2%**  | **Automobile Components - 0.2%**  | **Automobile Components - 0.2%**  |
| Aptiv Swiss Holdings Ltd. |  |  |
| 3.25%, 03/01/2032 | 1867000 | 1667793 |
| ZF North America Capital, Inc. |  |  |
| 6.88%, 04/23/2032 <sup>(A)</sup> <br>| 2236000 | 2086464 |
|  |  | 3754257 |
| **Automobiles - 1.0%**  | **Automobiles - 1.0%**  | **Automobiles - 1.0%**  |
| BMW U.S. Capital LLC |  |  |
| 2.80%, 04/11/2026 <sup>(A)</sup> <br>| 2036000 | 2012314 |
| Ford Motor Credit Co. LLC |  |  |
| 3.38%, 11/13/2025 | 4543000 | 4520396 |
| 6.95%, 06/10/2026 | 4469000 | 4519546 |
| General Motors Co. |  |  |
| 5.35%, 04/15/2028 | 806000 | 819085 |
| 6.25%, 10/02/2043 | 2887000 | 2860243 |
| Hyundai Capital America |  |  |
| 5.40%, 06/23/2032 <sup>(A)</sup> <br>| 6062000 | 6154623 |
| Volkswagen Group of America <br> Finance LLC |  |  |
| 1.63%, 11/24/2027 <sup>(A)</sup> <br>| 2488000 | 2319065 |
|  |  | 23205272 |
| **Banks - 6.5%**  | **Banks - 6.5%**  | **Banks - 6.5%**  |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/14/2027, <br>5.55% <sup>(B)</sup>, 03/14/2028<br>| 2800000 | 2839582 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/11/2031, <br>2.65% <sup>(B)</sup>, 03/11/2032<br>| 3181000 | 2850766 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/09/2035, <br>5.46% <sup>(B)</sup>, 05/09/2036<br>| 7396000 | 7567827 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/15/2028, <br>5.82% <sup>(B)</sup>, 09/15/2029<br>| 8985000 | 9334451 |
| Bank of New York Mellon Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/21/2034, <br>5.61% <sup>(B)</sup>, 07/21/2039<br>| 1453000 | 1485642 |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/12/2054, <br>6.04% <sup>(B)</sup>, 03/12/2055<br>| 916000 | 950259 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/02/2025, <br>7.33% <sup>(B)</sup>, 11/02/2026<br>| 7197000 | 7239947 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| BBVA Mexico SA Institucion De Banca <br> Multiple Grupo Financiero |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/13/2029, <br>5.88% <sup>(B)</sup>, 09/13/2034 <sup>(A)</sup> <br>| $4265000 | $4206803 |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/17/2027 <sup>(C)</sup>, <br>9.25% <sup>(A)</sup><sup>(B)</sup> <br>| 6095000 | 6560024 |
| CaixaBank SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/13/2033, <br>6.84% <sup>(B)</sup>, 09/13/2034 <sup>(A)</sup> <br>| 1754000 | 1928262 |
| Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/13/2030, <br>5.25% <sup>(B)</sup>, 01/13/2031<br>| 3080000 | 3148455 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/25/2033, <br>6.17% <sup>(B)</sup>, 05/25/2034<br>| 1849000 | 1933613 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 10/21/2031, <br>2.65% <sup>(B)</sup>, 10/21/2032<br>| 5960000 | 5249633 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/28/2055, <br>5.73% <sup>(B)</sup>, 01/28/2056<br>| 3261000 | 3274708 |
| Intesa Sanpaolo SpA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/21/2032, <br>8.25% <sup>(B)</sup>, 11/21/2033 <sup>(A)</sup> <br>| 3791000 | 4405606 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/23/2029, <br>5.01% <sup>(B)</sup>, 01/23/2030<br>| 8726000 | 8873120 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/23/2035, <br>5.58% <sup>(B)</sup>, 07/23/2036<br>| 4904000 | 4967531 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/22/2034, <br>5.77% <sup>(B)</sup>, 04/22/2035<br>| 1568000 | 1644490 |
| M&T Bank Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/08/2030, <br>5.18% <sup>(B)</sup>, 07/08/2031<br>| 3990000 | 4035672 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/16/2035, <br>5.39% <sup>(B)</sup>, 01/16/2036<br>| 1809000 | 1802432 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/30/2028, <br>7.41% <sup>(B)</sup>, 10/30/2029<br>| 1872000 | 2026177 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/19/2034, <br>5.32% <sup>(B)</sup>, 07/19/2035<br>| 3460000 | 3503548 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/18/2034, <br>5.47% <sup>(B)</sup>, 01/18/2035<br>| 4782000 | 4898544 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/18/2029, <br>5.66% <sup>(B)</sup>, 04/18/2030<br>| 8830000 | 9149919 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/01/2034, <br>5.78% <sup>(B)</sup>, 03/01/2035<br>| 6487000 | 6733742 |
| PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/21/2035, <br>5.37% <sup>(B)</sup>, 07/21/2036<br>| 2017000 | 2037902 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/22/2034, <br>5.68% <sup>(B)</sup>, 01/22/2035<br>| 788000 | 817596 |
| &nbsp;&nbsp;&nbsp; Fixed until 08/18/2033, <br>5.94% <sup>(B)</sup>, 08/18/2034<br>| 3678000 | 3878217 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/26/2033, <br>5.12% <sup>(B)</sup>, 01/26/2034<br>| 6379000 | 6381130 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/30/2028, <br>7.16% <sup>(B)</sup>, 10/30/2029<br>| 1641000 | 1771354 |

---

**Transamerica Funds**

**Page 1**

------

**Transamerica Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/09/2035, <br>5.58% <sup>(B)</sup>, 05/09/2036 <sup>(A)</sup> <br>| $7015000 | $7144780 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/13/2028 <sup>(C)</sup>, <br>9.25% <sup>(A)</sup><sup>(B)</sup> <br>| 3524000 | 3867699 |
| Uzbek Industrial & Construction Bank ATB |  |  |
| 8.95%, 07/24/2029 <sup>(A)</sup> <br>| 5250000 | 5553828 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/24/2030, <br>5.24% <sup>(B)</sup>, 01/24/2031<br>| 4306000 | 4408546 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/25/2033, <br>5.56% <sup>(B)</sup>, 07/25/2034<br>| 5095000 | 5257607 |
|  |  | 151729412 |
| **Beverages - 0.3%**  | **Beverages - 0.3%**  | **Beverages - 0.3%**  |
| Primo Water Holdings, Inc./Triton Water <br> Holdings, Inc. |  |  |
| 4.38%, 04/30/2029 <sup>(A)</sup> <br>| 6397000 | 6170564 |
| **Biotechnology - 0.7%**  | **Biotechnology - 0.7%**  | **Biotechnology - 0.7%**  |
| Amgen, Inc. |  |  |
| 2.80%, 08/15/2041 | 2919000 | 2090143 |
| 5.60%, 03/02/2043 | 2264000 | 2236415 |
| CSL Finance PLC |  |  |
| 4.63%, 04/27/2042 <sup>(A)</sup> <br>| 4446000 | 3952687 |
| Gilead Sciences, Inc. |  |  |
| 5.10%, 06/15/2035 | 4043000 | 4071465 |
| Royalty Pharma PLC |  |  |
| 2.20%, 09/02/2030 | 4009000 | 3545677 |
|  |  | 15896387 |
| **Building Products - 0.5%**  | **Building Products - 0.5%**  | **Building Products - 0.5%**  |
| Amrize Finance U.S. LLC |  |  |
| 4.75%, 09/22/2046 <sup>(A)</sup> <br>| 1003000 | 859314 |
| 5.40%, 04/07/2035 <sup>(A)</sup> <br>| 2567000 | 2589247 |
| Builders FirstSource, Inc. |  |  |
| 5.00%, 03/01/2030 <sup>(A)</sup> <br>| 859000 | 840856 |
| Owens Corning |  |  |
| 4.30%, 07/15/2047 | 3797000 | 3057023 |
| Vulcan Materials Co. |  |  |
| 5.35%, 12/01/2034 | 3112000 | 3159741 |
|  |  | 10506181 |
| **Capital Markets - 0.1%**  | **Capital Markets - 0.1%**  | **Capital Markets - 0.1%**  |
| HAT Holdings I LLC/HAT Holdings II LLC |  |  |
| 3.38%, 06/15/2026 <sup>(A)</sup> <br>| 3511000 | 3444045 |
| **Chemicals - 0.5%**  | **Chemicals - 0.5%**  | **Chemicals - 0.5%**  |
| ASP Unifrax Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; PIK Rate 1.50%, Cash Rate 5.85%, <br>09/30/2029 <sup>(A)</sup><sup>(D)</sup> <br>| 513282 | 265623 |
| Mosaic Co. |  |  |
| 4.05%, 11/15/2027 | 1464000 | 1448239 |
| Nutrien Ltd. |  |  |
| 4.20%, 04/01/2029 | 3845000 | 3798606 |
| OCP SA |  |  |
| 6.75%, 05/02/2034 <sup>(A)</sup> <br>| 2141000 | 2226793 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Chemicals (continued)** | **Chemicals (continued)** | **Chemicals (continued)** |
| Orbia Advance Corp. SAB de CV |  |  |
| 6.80%, 05/13/2030 <sup>(A)</sup> <br>| $3687000 | $3760281 |
|  |  | 11499542 |
| **Commercial Services & Supplies - 1.7%**  | **Commercial Services & Supplies - 1.7%**  | **Commercial Services & Supplies - 1.7%**  |
| ADT Security Corp. |  |  |
| 4.13%, 08/01/2029 <sup>(A)</sup> <br>| 5252000 | 5024220 |
| Ambipar Lux SARL |  |  |
| 9.88%, 02/06/2031 <sup>(A)</sup><sup>(E)</sup> <br>| 1355000 | 1228430 |
| Ashtead Capital, Inc. |  |  |
| 5.55%, 05/30/2033 <sup>(A)</sup> <br>| 3549000 | 3586997 |
| Element Fleet Management Corp. |  |  |
| 5.04%, 03/25/2030 <sup>(A)</sup> <br>| 6758000 | 6816143 |
| Equifax, Inc. |  |  |
| 5.10%, 12/15/2027 | 2473000 | 2501887 |
| GXO Logistics, Inc. |  |  |
| 2.65%, 07/15/2031 | 8569000 | 7467485 |
| 6.50%, 05/06/2034 | 2249000 | 2360193 |
| Herc Holdings, Inc. |  |  |
| 7.00%, 06/15/2030 <sup>(A)</sup> <br>| 1855000 | 1917208 |
| Quanta Services, Inc. |  |  |
| 2.90%, 10/01/2030 | 2166000 | 1991048 |
| 5.25%, 08/09/2034 | 1757000 | 1775454 |
| Veralto Corp. |  |  |
| 5.45%, 09/18/2033 | 2694000 | 2765951 |
| Waste Management, Inc. |  |  |
| 3.88%, 01/15/2029 | 2587000 | 2546721 |
|  |  | 39981737 |
| **Communications Equipment - 1.1%**  | **Communications Equipment - 1.1%**  | **Communications Equipment - 1.1%**  |
| CommScope LLC |  |  |
| 4.75%, 09/01/2029 <sup>(A)</sup><sup>(E)</sup> <br>| 4218000 | 4095889 |
| NTT Finance Corp. |  |  |
| 4.62%, 07/16/2028 <sup>(A)</sup> <br>| 2711000 | 2716724 |
| T-Mobile USA, Inc. |  |  |
| 3.50%, 04/15/2031 | 2994000 | 2806711 |
| 3.88%, 04/15/2030 | 1503000 | 1456757 |
| 5.15%, 04/15/2034 | 4721000 | 4749732 |
| Verizon Communications, Inc. |  |  |
| 1.68%, 10/30/2030 | 3689000 | 3194041 |
| 1.75%, 01/20/2031 | 3098000 | 2666688 |
| 2.10%, 03/22/2028 | 2450000 | 2315711 |
| Vmed O2 U.K. Financing I PLC |  |  |
| 4.75%, 07/15/2031 <sup>(A)</sup> <br>| 2500000 | 2312925 |
|  |  | 26315178 |
| **Construction & Engineering - 0.5%**  | **Construction & Engineering - 0.5%**  | **Construction & Engineering - 0.5%**  |
| Century Communities, Inc. |  |  |
| 3.88%, 08/15/2029 <sup>(A)</sup> <br>| 2383000 | 2196753 |
| 6.75%, 06/01/2027 | 2138000 | 2139351 |
| IHS Netherlands Holdco BV |  |  |
| 8.00%, 09/18/2027 <sup>(A)</sup> <br>| 1357763 | 1363566 |
| Sitios Latinoamerica SAB de CV |  |  |
| 6.00%, 11/25/2029 <sup>(A)</sup> <br>| 5297000 | 5423069 |
|  |  | 11122739 |

---

**Transamerica Funds**

**Page 2**

------

**Transamerica Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Consumer Staples Distribution & Retail - 0.6%**  | **Consumer Staples Distribution & Retail - 0.6%**  | **Consumer Staples Distribution & Retail - 0.6%**  |
| 7-Eleven, Inc. |  |  |
| 1.80%, 02/10/2031 <sup>(A)</sup> <br>| $6064000 | $5156312 |
| InRetail Consumer |  |  |
| 3.25%, 03/22/2028 <sup>(A)</sup> <br>| 3042000 | 2913578 |
| Lowe's Cos., Inc. |  |  |
| 3.75%, 04/01/2032 | 5027000 | 4721244 |
|  |  | 12791134 |
| **Containers & Packaging - 0.4%**  | **Containers & Packaging - 0.4%**  | **Containers & Packaging - 0.4%**  |
| Clydesdale Acquisition Holdings, Inc. |  |  |
| 6.63%, 04/15/2029 <sup>(A)</sup> <br>| 3895000 | 3941176 |
| Mauser Packaging Solutions Holding Co. |  |  |
| 7.88%, 04/15/2027 <sup>(A)</sup> <br>| 2309000 | 2329148 |
| WRKCo, Inc. |  |  |
| 3.90%, 06/01/2028 | 3383000 | 3330700 |
|  |  | 9601024 |
| **Distributors - 0.1%**  | **Distributors - 0.1%**  | **Distributors - 0.1%**  |
| LKQ Corp. |  |  |
| 6.25%, 06/15/2033 | 1703000 | 1779833 |
| **Diversified REITs - 0.9%**  | **Diversified REITs - 0.9%**  | **Diversified REITs - 0.9%**  |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 4.00%, 01/15/2030 | 2499000 | 2390229 |
| Safehold GL Holdings LLC |  |  |
| 6.10%, 04/01/2034 | 4090000 | 4269173 |
| SBA Tower Trust |  |  |
| 1.63%, 05/15/2051 <sup>(A)</sup> <br>| 3250000 | 3128571 |
| VICI Properties LP |  |  |
| 4.95%, 02/15/2030 | 4032000 | 4049050 |
| Weyerhaeuser Co. |  |  |
| 4.00%, 04/15/2030 | 3472000 | 3381221 |
| WP Carey, Inc. |  |  |
| 5.38%, 06/30/2034 | 3127000 | 3143300 |
|  |  | 20361544 |
| **Electric Utilities - 1.1%**  | **Electric Utilities - 1.1%**  | **Electric Utilities - 1.1%**  |
| Black Hills Corp. |  |  |
| 3.15%, 01/15/2027 | 2146000 | 2100997 |
| Calpine Corp. |  |  |
| 3.75%, 03/01/2031 <sup>(A)</sup> <br>| 6168000 | 5798895 |
| Chile Electricity Lux MPC II SARL |  |  |
| 5.58%, 10/20/2035 <sup>(A)</sup> <br>| 3930548 | 3969853 |
| Cleveland Electric Illuminating Co. |  |  |
| 3.50%, 04/01/2028 <sup>(A)</sup> <br>| 5099000 | 4935007 |
| Duke Energy Corp. |  |  |
| 5.00%, 12/08/2027 | 1288000 | 1305728 |
| Investment Energy Resources Ltd. |  |  |
| 6.25%, 04/26/2029 <sup>(A)</sup> <br>| 1200000 | 1178175 |
| NRG Energy, Inc. |  |  |
| 3.38%, 02/15/2029 <sup>(A)</sup> <br>| 598000 | 561384 |
| 3.63%, 02/15/2031 <sup>(A)</sup> <br>| 854000 | 781760 |
| 6.00%, 02/01/2033 <sup>(A)</sup> <br>| 617000 | 618674 |
| Pacific Gas & Electric Co. |  |  |
| 2.50%, 02/01/2031 | 2244000 | 1959128 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** |
| Vistra Operations Co. LLC |  |  |
| 6.88%, 04/15/2032 <sup>(A)</sup> <br>| $2201000 | $2286943 |
|  |  | 25496544 |
| **Electronic Equipment, Instruments & Components - 0.6%**  | **Electronic Equipment, Instruments & Components - 0.6%**  | **Electronic Equipment, Instruments & Components - 0.6%**  |
| Arrow Electronics, Inc. |  |  |
| 5.88%, 04/10/2034 | 1674000 | 1721418 |
| Keysight Technologies, Inc. |  |  |
| 4.60%, 04/06/2027 | 3064000 | 3067418 |
| 4.95%, 10/15/2034 | 1680000 | 1651278 |
| Sensata Technologies, Inc. |  |  |
| 4.38%, 02/15/2030 <sup>(A)</sup> <br>| 2676000 | 2560673 |
| Tyco Electronics Group SA |  |  |
| 5.00%, 05/09/2035 | 4750000 | 4753710 |
|  |  | 13754497 |
| **Energy Equipment & Services - 0.1%**  | **Energy Equipment & Services - 0.1%**  | **Energy Equipment & Services - 0.1%**  |
| Schlumberger Holdings Corp. |  |  |
| 3.90%, 05/17/2028 <sup>(A)</sup> <br>| 1841000 | 1820200 |
| **Financial Services - 1.8%**  | **Financial Services - 1.8%**  | **Financial Services - 1.8%**  |
| AerCap Ireland Capital DAC/AerCap <br> Global Aviation Trust |  |  |
| 4.45%, 04/03/2026 | 3793000 | 3785250 |
| 4.95%, 09/10/2034 | 2097000 | 2045172 |
| Ally Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/15/2028, <br>5.74% <sup>(B)</sup>, 05/15/2029<br>| 1129000 | 1149827 |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 04/25/2029, <br>5.53% <sup>(B)</sup>, 04/25/2030<br>| 3701000 | 3838404 |
| Aviation Capital Group LLC |  |  |
| 1.95%, 01/30/2026 <sup>(A)</sup> <br>| 2035000 | 2006501 |
| 3.50%, 11/01/2027 <sup>(A)</sup> <br>| 1598000 | 1555124 |
| Avolon Holdings Funding Ltd. |  |  |
| 5.75%, 11/15/2029 <sup>(A)</sup> <br>| 5581000 | 5745268 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/30/2035, <br>6.18% <sup>(B)</sup>, 01/30/2036<br>| 1067000 | 1095390 |
| Citadel LP |  |  |
| 6.00%, 01/23/2030 <sup>(A)</sup> <br>| 1060000 | 1092273 |
| LPL Holdings, Inc. |  |  |
| 4.00%, 03/15/2029 <sup>(A)</sup> <br>| 2937000 | 2847243 |
| 5.70%, 05/20/2027 | 1901000 | 1932147 |
| Mexico Remittances Funding Fiduciary <br> Estate Management SARL |  |  |
| 12.50%, 10/15/2031 <sup>(A)</sup> <br>| 6194000 | 6239836 |
| Rocket Cos., Inc. |  |  |
| 6.38%, 08/01/2033 <sup>(A)</sup> <br>| 3180000 | 3243546 |
| United Wholesale Mortgage LLC |  |  |
| 5.50%, 11/15/2025 <sup>(A)</sup> <br>| 4725000 | 4724032 |
|  |  | 41300013 |
| **Food Products - 2.4%**  | **Food Products - 2.4%**  | **Food Products - 2.4%**  |
| Albertsons Cos., Inc./Safeway, Inc./New <br> Albertsons LP |  |  |
| 4.63%, 01/15/2027 <sup>(A)</sup> <br>| 4995000 | 4954519 |
| 6.25%, 03/15/2033 <sup>(A)</sup> <br>| 561000 | 571814 |

---

**Transamerica Funds**

**Page 3**

------

**Transamerica Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Food Products (continued)** | **Food Products (continued)** | **Food Products (continued)** |
| BAT Capital Corp. |  |  |
| 5.63%, 08/15/2035 | $5675000 | $5764387 |
| Bunge Ltd. Finance Corp. |  |  |
| 4.65%, 09/17/2034 | 5491000 | 5300180 |
| 5.15%, 08/04/2035 <sup>(F)</sup> <br>| 5475000 | 5457244 |
| Cargill, Inc. |  |  |
| 5.13%, 02/11/2035 <sup>(A)</sup> <br>| 3579000 | 3600973 |
| Conagra Brands, Inc. |  |  |
| 5.00%, 08/01/2030 | 2851000 | 2856034 |
| Imperial Brands Finance PLC |  |  |
| 5.63%, 07/01/2035 <sup>(A)</sup> <br>| 4775000 | 4779351 |
| J.M. Smucker Co. |  |  |
| 6.50%, 11/15/2043 | 2566000 | 2729041 |
| &nbsp;&nbsp; JBS USA Holding LUX SARL/JBS USA <br> Foods Group Holdings, Inc./JBS USA <br>Food Co. |  |  |
| 5.50%, 01/15/2036 <sup>(A)</sup> <br>| 6061000 | 6036332 |
| Kroger Co. |  |  |
| 5.00%, 09/15/2034 | 3165000 | 3130822 |
| Philip Morris International, Inc. |  |  |
| 4.25%, 11/10/2044 | 4025000 | 3380934 |
| 4.90%, 11/01/2034 | 4786000 | 4722910 |
| Sysco Corp. |  |  |
| 5.40%, 03/23/2035 | 2545000 | 2580879 |
|  |  | 55865420 |
| **Gas Utilities - 0.1%**  | **Gas Utilities - 0.1%**  | **Gas Utilities - 0.1%**  |
| Venture Global Plaquemines LNG LLC |  |  |
| 7.50%, 05/01/2033 <sup>(A)</sup> <br>| 2615000 | 2824052 |
| **Health Care Equipment & Supplies - 0.3%**  | **Health Care Equipment & Supplies - 0.3%**  | **Health Care Equipment & Supplies - 0.3%**  |
| Alcon Finance Corp. |  |  |
| 5.75%, 12/06/2052 <sup>(A)</sup> <br>| 739000 | 737647 |
| GE HealthCare Technologies, Inc. |  |  |
| 4.80%, 08/14/2029 | 2774000 | 2805706 |
| 5.50%, 06/15/2035 | 2159000 | 2203797 |
| Medline Borrower LP |  |  |
| 3.88%, 04/01/2029 <sup>(A)</sup> <br>| 1483000 | 1414300 |
| 5.25%, 10/01/2029 <sup>(A)</sup> <br>| 489000 | 479446 |
|  |  | 7640896 |
| **Health Care Providers & Services - 1.4%**  | **Health Care Providers & Services - 1.4%**  | **Health Care Providers & Services - 1.4%**  |
| Centene Corp. |  |  |
| 3.38%, 02/15/2030 | 4221000 | 3800373 |
| Charles River Laboratories International, <br> Inc. |  |  |
| 4.00%, 03/15/2031 <sup>(A)</sup> <br>| 1839000 | 1687560 |
| CHS/Community Health Systems, Inc. |  |  |
| 5.25%, 05/15/2030 <sup>(A)</sup> <br>| 1927000 | 1685692 |
| Cigna Group |  |  |
| 2.40%, 03/15/2030 | 2791000 | 2541264 |
| HCA, Inc. |  |  |
| 5.60%, 04/01/2034 | 946000 | 964074 |
| 6.00%, 04/01/2054 | 3003000 | 2915973 |
| 7.50%, 11/06/2033 | 2610000 | 2959847 |
| Health Care Service Corp. A Mutual Legal <br> Reserve Co. |  |  |
| 5.88%, 06/15/2054 <sup>(A)</sup> <br>| 1457000 | 1401332 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** | **Health Care Providers & Services (continued)** |
| Laboratory Corp. of America Holdings |  |  |
| 2.95%, 12/01/2029 | $1797000 | $1683485 |
| 4.80%, 10/01/2034 | 4308000 | 4190439 |
| Tenet Healthcare Corp. |  |  |
| 5.13%, 11/01/2027 | 2510000 | 2499843 |
| UnitedHealth Group, Inc. |  |  |
| 5.15%, 07/15/2034 <sup>(E)</sup> <br>| 2890000 | 2898329 |
| 5.20%, 04/15/2063 | 3167000 | 2760712 |
|  |  | 31988923 |
| **Hotels, Restaurants & Leisure - 1.3%**  | **Hotels, Restaurants & Leisure - 1.3%**  | **Hotels, Restaurants & Leisure - 1.3%**  |
| Boyne USA, Inc. |  |  |
| 4.75%, 05/15/2029 <sup>(A)</sup> <br>| 999000 | 968089 |
| Carnival Corp. |  |  |
| 5.75%, 08/01/2032 <sup>(A)</sup> <br>| 1877000 | 1889707 |
| 6.13%, 02/15/2033 <sup>(A)</sup> <br>| 2588000 | 2633914 |
| Hilton Domestic Operating Co., Inc. |  |  |
| 3.75%, 05/01/2029 <sup>(A)</sup> <br>| 4057000 | 3864751 |
| Hyatt Hotels Corp. |  |  |
| 5.25%, 06/30/2029 | 2990000 | 3042249 |
| Light & Wonder International, Inc. |  |  |
| 7.00%, 05/15/2028 <sup>(A)</sup> <br>| 699000 | 699738 |
| 7.25%, 11/15/2029 <sup>(A)</sup> <br>| 796000 | 817409 |
| Marriott International, Inc. |  |  |
| 2.75%, 10/15/2033 <sup>(E)</sup> <br>| 2529000 | 2147151 |
| MGM Resorts International |  |  |
| 4.75%, 10/15/2028 | 2761000 | 2724456 |
| 6.13%, 09/15/2029 | 3543000 | 3591567 |
| NCL Corp. Ltd. |  |  |
| 5.88%, 03/15/2026 <sup>(A)</sup> <br>| 429000 | 429773 |
| Royal Caribbean Cruises Ltd. |  |  |
| 5.50%, 04/01/2028 <sup>(A)</sup> <br>| 2263000 | 2288432 |
| Viking Cruises Ltd. |  |  |
| 5.88%, 09/15/2027 <sup>(A)</sup> <br>| 5420000 | 5416502 |
|  |  | 30513738 |
| **Household Durables - 0.1%**  | **Household Durables - 0.1%**  | **Household Durables - 0.1%**  |
| Newell Brands, Inc. |  |  |
| 6.38%, 05/15/2030 | 1664000 | 1612482 |
| Whirlpool Corp. |  |  |
| 6.13%, 06/15/2030 | 1471000 | 1467492 |
|  |  | 3079974 |
| **Insurance - 2.6%**  | **Insurance - 2.6%**  | **Insurance - 2.6%**  |
| Allstate Corp. |  |  |
| 5.05%, 06/24/2029 | 6194000 | 6315672 |
| 5.25%, 03/30/2033 | 1943000 | 1984844 |
| American International Group, Inc. |  |  |
| 5.45%, 05/07/2035 | 1820000 | 1859470 |
| Aon North America, Inc. |  |  |
| 5.45%, 03/01/2034 | 2516000 | 2573634 |
| 5.75%, 03/01/2054 | 3770000 | 3672376 |
| AXA SA |  |  |
| 8.60%, 12/15/2030 | 5184000 | 6140597 |
| Brown & Brown, Inc. |  |  |
| 5.25%, 06/23/2032 | 1245000 | 1259281 |
| 5.55%, 06/23/2035 | 4804000 | 4856324 |

---

**Transamerica Funds**

**Page 4**

------

**Transamerica Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Cloverie PLC for Zurich Insurance Co. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 06/24/2026, <br>5.63% <sup>(B)</sup>, 06/24/2046 <sup>(G)</sup> <br>| $6682000 | $6700476 |
| Constellation Insurance, Inc. |  |  |
| 6.80%, 01/24/2030 <sup>(A)</sup> <br>| 8154000 | 8042322 |
| Corebridge Financial, Inc. |  |  |
| 5.75%, 01/15/2034 | 2219000 | 2303060 |
| Fortitude Group Holdings LLC |  |  |
| 6.25%, 04/01/2030 <sup>(A)</sup> <br>| 1778000 | 1822901 |
| Markel Group, Inc. |  |  |
| 5.00%, 05/20/2049 | 660000 | 572857 |
| 6.00%, 05/16/2054 | 2519000 | 2508215 |
| Muenchener Rueckversicherungs-<br> Gesellschaft AG |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/23/2031, <br>5.88% <sup>(B)</sup>, 05/23/2042 <sup>(A)</sup> <br>| 2200000 | 2249500 |
| RenaissanceRe Holdings Ltd. |  |  |
| 5.80%, 04/01/2035 | 964000 | 990759 |
| RGA Global Funding |  |  |
| 5.05%, 12/06/2031 <sup>(A)</sup> <br>| 6123000 | 6147742 |
|  |  | 60000030 |
| **Internet & Catalog Retail - 0.5%**  | **Internet & Catalog Retail - 0.5%**  | **Internet & Catalog Retail - 0.5%**  |
| Expedia Group, Inc. |  |  |
| 5.40%, 02/15/2035 | 4986000 | 5021306 |
| Meta Platforms, Inc. |  |  |
| 4.80%, 05/15/2030 | 3709000 | 3800112 |
| Uber Technologies, Inc. |  |  |
| 4.80%, 09/15/2034 | 1767000 | 1735597 |
|  |  | 10557015 |
| **IT Services - 0.5%**  | **IT Services - 0.5%**  | **IT Services - 0.5%**  |
| Crowdstrike Holdings, Inc. |  |  |
| 3.00%, 02/15/2029 | 583000 | 545640 |
| Dell International LLC/EMC Corp. |  |  |
| 4.85%, 02/01/2035 | 4856000 | 4692326 |
| Hewlett Packard Enterprise Co. |  |  |
| 5.00%, 10/15/2034 | 4779000 | 4636094 |
| NCR Voyix Corp. |  |  |
| 5.00%, 10/01/2028 <sup>(A)</sup> <br>| 695000 | 683638 |
| 5.13%, 04/15/2029 <sup>(A)</sup> <br>| 584000 | 572334 |
|  |  | 11130032 |
| **Machinery - 0.4%**  | **Machinery - 0.4%**  | **Machinery - 0.4%**  |
| Eaton Capital ULC |  |  |
| 4.45%, 05/09/2030 | 1955000 | 1953878 |
| Huntington Ingalls Industries, Inc. |  |  |
| 2.04%, 08/16/2028 | 5843000 | 5416929 |
| Ingersoll Rand, Inc. |  |  |
| 5.45%, 06/15/2034 | 2846000 | 2924680 |
|  |  | 10295487 |
| **Media - 0.8%**  | **Media - 0.8%**  | **Media - 0.8%**  |
| &nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter Communications <br>Operating Capital |  |  |
| 5.13%, 07/01/2049 | 3926000 | 3171823 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Media (continued)** | **Media (continued)** | **Media (continued)** |
| Clear Channel Outdoor Holdings, Inc. |  |  |
| 7.50%, 06/01/2029 <sup>(A)</sup><sup>(E)</sup> <br>| $1392000 | $1268142 |
| Comcast Corp. |  |  |
| 4.15%, 10/15/2028 | 5240000 | 5207100 |
| CSC Holdings LLC |  |  |
| 4.50%, 11/15/2031 <sup>(A)</sup> <br>| 2454000 | 1634781 |
| Virgin Media Secured Finance PLC |  |  |
| 4.50%, 08/15/2030 <sup>(A)</sup> <br>| 2800000 | 2603603 |
| 5.50%, 05/15/2029 <sup>(A)</sup> <br>| 5224000 | 5106716 |
|  |  | 18992165 |
| **Metals & Mining - 0.5%**  | **Metals & Mining - 0.5%**  | **Metals & Mining - 0.5%**  |
| ArcelorMittal SA |  |  |
| 6.55%, 11/29/2027 | 4541000 | 4720317 |
| Cleveland-Cliffs, Inc. |  |  |
| 6.88%, 11/01/2029 <sup>(A)</sup> <br>| 3041000 | 3042450 |
| Glencore Funding LLC |  |  |
| 2.63%, 09/23/2031 <sup>(A)</sup> <br>| 4557000 | 4009984 |
| Novelis Corp. |  |  |
| 3.25%, 11/15/2026 <sup>(A)</sup> <br>| 236000 | 232174 |
| 3.88%, 08/15/2031 <sup>(A)</sup> <br>| 236000 | 211687 |
|  |  | 12216612 |
| **Mortgage Real Estate Investment Trusts - 0.6%**  | **Mortgage Real Estate Investment Trusts - 0.6%**  | **Mortgage Real Estate Investment Trusts - 0.6%**  |
| &nbsp;&nbsp; Ladder Capital Finance <br> Holdings LLLP/Ladder Capital Finance <br>Corp. |  |  |
| 4.25%, 02/01/2027 <sup>(A)</sup> <br>| 8155000 | 8004349 |
| Starwood Property Trust, Inc. |  |  |
| 6.00%, 04/15/2030 <sup>(A)</sup> <br>| 1665000 | 1681347 |
| 6.50%, 07/01/2030 <sup>(A)</sup> <br>| 3184000 | 3274996 |
|  |  | 12960692 |
| **Office REITs - 0.1%**  | **Office REITs - 0.1%**  | **Office REITs - 0.1%**  |
| COPT Defense Properties LP |  |  |
| 2.00%, 01/15/2029 <sup>(E)</sup> <br>| 822000 | 750556 |
| 2.25%, 03/15/2026 | 1833000 | 1801011 |
|  |  | 2551567 |
| **Oil, Gas & Consumable Fuels - 4.2%**  | **Oil, Gas & Consumable Fuels - 4.2%**  | **Oil, Gas & Consumable Fuels - 4.2%**  |
| Boardwalk Pipelines LP |  |  |
| 3.40%, 02/15/2031 | 4707000 | 4348197 |
| Cheniere Energy Partners LP |  |  |
| 4.00%, 03/01/2031 | 5421000 | 5177963 |
| 4.50%, 10/01/2029 | 2900000 | 2868532 |
| 5.95%, 06/30/2033 | 1891000 | 1973884 |
| Chevron USA, Inc. |  |  |
| 3.25%, 10/15/2029 | 1880000 | 1807695 |
| Diamondback Energy, Inc. |  |  |
| 5.15%, 01/30/2030 | 4729000 | 4814997 |
| Ecopetrol SA |  |  |
| 7.75%, 02/01/2032 | 2195000 | 2185726 |
| 8.38%, 01/19/2036 | 2500000 | 2468842 |
| Enbridge, Inc. |  |  |
| 4.90%, 06/20/2030 <sup>(E)</sup> <br>| 1751000 | 1766365 |
| 5.63%, 04/05/2034 | 5168000 | 5288548 |
| Energy Transfer LP |  |  |
| 6.00%, 06/15/2048 | 4879000 | 4671385 |

---

**Transamerica Funds**

**Page 5**

------

**Transamerica Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| EQT Corp. |  |  |
| 6.38%, 04/01/2029 <sup>(A)</sup> <br>| $1161000 | $1195322 |
| Expand Energy Corp. |  |  |
| 5.38%, 03/15/2030 | 1472000 | 1473554 |
| Exxon Mobil Corp. |  |  |
| 3.04%, 03/01/2026 | 2580000 | 2559598 |
| Genesis Energy LP/Genesis Energy <br> Finance Corp. |  |  |
| 8.00%, 05/15/2033 | 4187000 | 4340901 |
| Greensaif Pipelines Bidco SARL |  |  |
| 5.85%, 02/23/2036 <sup>(A)</sup> <br>| 1920000 | 1965160 |
| Gulfstream Natural Gas System LLC |  |  |
| 5.60%, 07/23/2035 <sup>(A)</sup> <br>| 2014000 | 2025535 |
| Hess Midstream Operations LP |  |  |
| 6.50%, 06/01/2029 <sup>(A)</sup> <br>| 1934000 | 1992215 |
| Murphy Oil Corp. |  |  |
| 6.00%, 10/01/2032 | 2493000 | 2392363 |
| NuStar Logistics LP |  |  |
| 5.63%, 04/28/2027 | 3036000 | 3051373 |
| 6.00%, 06/01/2026 | 350000 | 351101 |
| Occidental Petroleum Corp. |  |  |
| 5.20%, 08/01/2029 | 3143000 | 3150647 |
| ONEOK, Inc. |  |  |
| 6.10%, 11/15/2032 | 4665000 | 4932164 |
| Petroleos Mexicanos |  |  |
| 6.50%, 01/23/2029 <sup>(E)</sup> <br>| 3507000 | 3496484 |
| 6.84%, 01/23/2030 | 2838000 | 2792759 |
| 6.88%, 10/16/2025 | 2440000 | 2442508 |
| Sabine Pass Liquefaction LLC |  |  |
| 5.90%, 09/15/2037 | 2786000 | 2918598 |
| Targa Resources Partners LP/Targa <br> Resources Partners Finance Corp. |  |  |
| 4.00%, 01/15/2032 | 2740000 | 2552877 |
| Venture Global LNG, Inc. |  |  |
| 9.50%, 02/01/2029 <sup>(A)</sup> <br>| 4963000 | 5412544 |
| Venture Global Plaquemines LNG LLC |  |  |
| 6.75%, 01/15/2036 <sup>(A)</sup> <br>| 2210000 | 2273439 |
| Vital Energy, Inc. |  |  |
| 7.75%, 07/31/2029 <sup>(A)</sup><sup>(E)</sup> <br>| 2937000 | 2672359 |
| Western Midstream Operating LP |  |  |
| 6.15%, 04/01/2033 | 3673000 | 3831103 |
| YPF SA |  |  |
| 9.50%, 01/17/2031 <sup>(A)</sup> <br>| 1063000 | 1124558 |
|  |  | 96319296 |
| **Paper & Forest Products - 0.1%**  | **Paper & Forest Products - 0.1%**  | **Paper & Forest Products - 0.1%**  |
| Georgia-Pacific LLC |  |  |
| 4.95%, 06/30/2032 <sup>(A)</sup> <br>| 2457000 | 2473802 |
| **Passenger Airlines - 0.3%**  | **Passenger Airlines - 0.3%**  | **Passenger Airlines - 0.3%**  |
| American Airlines Pass-Through Trust |  |  |
| 3.15%, 08/15/2033 | 1329898 | 1220420 |
| Delta Air Lines, Inc./SkyMiles IP Ltd. |  |  |
| 4.75%, 10/20/2028 <sup>(A)</sup> <br>| 4280000 | 4282630 |
| United Airlines Pass-Through Trust |  |  |
| 3.75%, 03/03/2028 | 1034022 | 1021918 |
|  |  | 6524968 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Personal Care Products - 0.2%**  | **Personal Care Products - 0.2%**  | **Personal Care Products - 0.2%**  |
| Kenvue, Inc. |  |  |
| 5.00%, 03/22/2030 | $4511000 | $4622025 |
| **Pharmaceuticals - 1.5%**  | **Pharmaceuticals - 1.5%**  | **Pharmaceuticals - 1.5%**  |
| Bausch Health Cos., Inc. |  |  |
| 5.00%, 02/15/2029 <sup>(A)</sup> <br>| 970000 | 688700 |
| 5.25%, 01/30/2030 - 02/15/2031 <sup>(A)</sup> <br>| 3724000 | 2383828 |
| 6.25%, 02/15/2029 <sup>(A)</sup><sup>(E)</sup> <br>| 520000 | 377000 |
| 7.00%, 01/15/2028 <sup>(A)</sup> <br>| 617000 | 539104 |
| Bayer U.S. Finance II LLC |  |  |
| 4.20%, 07/15/2034 <sup>(A)</sup> <br>| 2805000 | 2536645 |
| 4.38%, 12/15/2028 <sup>(A)</sup> <br>| 1757000 | 1735720 |
| Bristol-Myers Squibb Co. |  |  |
| 5.65%, 02/22/2064 | 1539000 | 1486561 |
| Cardinal Health, Inc. |  |  |
| 5.45%, 02/15/2034 | 2368000 | 2423080 |
| CVS Health Corp. |  |  |
| 5.25%, 01/30/2031 | 1642000 | 1671364 |
| 6.00%, 06/01/2044 | 2984000 | 2939034 |
| &nbsp;&nbsp;&nbsp; Fixed until 12/10/2029, <br>7.00% <sup>(B)</sup>, 03/10/2055<br>| 4579000 | 4711058 |
| Merck & Co., Inc. |  |  |
| 5.00%, 05/17/2053 | 1472000 | 1338742 |
| Organon & Co./Organon Foreign Debt Co-<br> Issuer BV |  |  |
| 6.75%, 05/15/2034 <sup>(A)</sup> <br>| 1876000 | 1769027 |
| Pfizer Investment Enterprises Pte. Ltd. |  |  |
| 5.11%, 05/19/2043 | 2735000 | 2589183 |
| Takeda U.S. Financing, Inc. |  |  |
| 5.20%, 07/07/2035 | 4298000 | 4281876 |
| Viatris, Inc. |  |  |
| 2.30%, 06/22/2027 | 2254000 | 2145068 |
|  |  | 33615990 |
| **Residential REITs - 0.2%**  | **Residential REITs - 0.2%**  | **Residential REITs - 0.2%**  |
| American Homes 4 Rent LP |  |  |
| 5.50%, 02/01/2034 | 5199000 | 5285315 |
| **Retail REITs - 0.2%**  | **Retail REITs - 0.2%**  | **Retail REITs - 0.2%**  |
| NNN REIT, Inc. |  |  |
| 4.60%, 02/15/2031 | 5722000 | 5663814 |
| **Semiconductors & Semiconductor Equipment - 1.5%**  | **Semiconductors & Semiconductor Equipment - 1.5%**  | **Semiconductors & Semiconductor Equipment - 1.5%**  |
| Advanced Micro Devices, Inc. |  |  |
| 3.92%, 06/01/2032 <sup>(E)</sup> <br>| 3511000 | 3384759 |
| Broadcom, Inc. |  |  |
| 3.14%, 11/15/2035 <sup>(A)</sup> <br>| 5567000 | 4672790 |
| Foundry JV Holdco LLC |  |  |
| 5.88%, 01/25/2034 <sup>(A)</sup> <br>| 4081000 | 4120696 |
| 5.90%, 01/25/2033 <sup>(A)</sup> <br>| 3633000 | 3733365 |
| Kioxia Holdings Corp. |  |  |
| 6.63%, 07/24/2033 <sup>(A)</sup> <br>| 5797000 | 5736265 |
| KLA Corp. |  |  |
| 4.65%, 07/15/2032 | 3001000 | 3005719 |
| Microchip Technology, Inc. |  |  |
| 5.05%, 03/15/2029 | 3599000 | 3639658 |
| Micron Technology, Inc. |  |  |
| 5.30%, 01/15/2031 | 4668000 | 4764106 |

---

**Transamerica Funds**

**Page 6**

------

**Transamerica Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** |
| QUALCOMM, Inc. |  |  |
| 3.25%, 05/20/2050 | $1513000 | $1035170 |
|  |  | 34092528 |
| **Software - 1.1%**  | **Software - 1.1%**  | **Software - 1.1%**  |
| AppLovin Corp. |  |  |
| 5.50%, 12/01/2034 | 3809000 | 3852719 |
| Cadence Design Systems, Inc. |  |  |
| 4.70%, 09/10/2034 | 2285000 | 2250110 |
| Ellucian Holdings, Inc. |  |  |
| 6.50%, 12/01/2029 <sup>(A)</sup> <br>| 1059000 | 1072784 |
| Fair Isaac Corp. |  |  |
| 6.00%, 05/15/2033 <sup>(A)</sup> <br>| 1527000 | 1534170 |
| Fiserv, Inc. |  |  |
| 5.45%, 03/02/2028 | 3450000 | 3526119 |
| Intuit, Inc. |  |  |
| 5.50%, 09/15/2053 | 1261000 | 1248556 |
| Oracle Corp. |  |  |
| 3.65%, 03/25/2041 | 2556000 | 1998325 |
| 6.90%, 11/09/2052 | 2909000 | 3190992 |
| Roper Technologies, Inc. |  |  |
| 4.90%, 10/15/2034 | 3267000 | 3208321 |
| Synopsys, Inc. |  |  |
| 5.15%, 04/01/2035 | 2408000 | 2416548 |
| 5.70%, 04/01/2055 | 1725000 | 1700995 |
|  |  | 25999639 |
| **Specialized REITs - 0.4%**  | **Specialized REITs - 0.4%**  | **Specialized REITs - 0.4%**  |
| Extra Space Storage LP |  |  |
| 5.40%, 06/15/2035 | 4629000 | 4639159 |
| Iron Mountain, Inc. |  |  |
| 5.25%, 03/15/2028 <sup>(A)</sup> <br>| 5152000 | 5125778 |
|  |  | 9764937 |
| **Transportation Infrastructure - 0.7%**  | **Transportation Infrastructure - 0.7%**  | **Transportation Infrastructure - 0.7%**  |
| Avolon Holdings Funding Ltd. |  |  |
| 4.90%, 10/10/2030 <sup>(A)</sup> <br>| 4731000 | 4713442 |
| Canadian Pacific Railway Co. |  |  |
| 2.45%, 12/02/2031 | 7926000 | 6932701 |
| MV24 Capital BV |  |  |
| 6.75%, 06/01/2034 <sup>(A)</sup> <br>| 2764508 | 2748888 |
| United Parcel Service, Inc. |  |  |
| 5.25%, 05/14/2035 | 2418000 | 2457478 |
|  |  | 16852509 |
| &nbsp;&nbsp; **Total Corporate Debt Securities** <br>**(Cost $966,264,064)**<br>|  | 966584350 |
| **U.S. GOVERNMENT OBLIGATIONS - 26.1%**  | **U.S. GOVERNMENT OBLIGATIONS - 26.1%**  | **U.S. GOVERNMENT OBLIGATIONS - 26.1%**  |
| **U.S. Treasury - 25.9%**  | **U.S. Treasury - 25.9%**  | **U.S. Treasury - 25.9%**  |
| U.S. Treasury Bonds |  |  |
| 1.25%, 05/15/2050 | 59292000 | 28105798 |
| 1.38%, 11/15/2040 | 23691000 | 15007693 |
| 2.00%, 02/15/2050 | 20949000 | 12141418 |
| 2.25%, 05/15/2041 - 08/15/2046 | 41069000 | 28707632 |
| 2.38%, 02/15/2042 | 35044000 | 25237156 |
| 2.50%, 02/15/2045 - 05/15/2046 | 22103000 | 15270574 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **U.S. GOVERNMENT OBLIGATIONS (continued)** | **U.S. GOVERNMENT OBLIGATIONS (continued)** | **U.S. GOVERNMENT OBLIGATIONS (continued)** |
| **U.S. Treasury (continued)** | **U.S. Treasury (continued)** | **U.S. Treasury (continued)** |
| U.S. Treasury Bonds (continued) |  |  |
| 2.75%, 08/15/2042 - 11/15/2047 | $49414000 | $36192377 |
| 2.88%, 11/15/2046 - 05/15/2049 | 11346000 | 8138077 |
| 3.00%, 08/15/2048 | 5566000 | 4067746 |
| 3.25%, 05/15/2042 | 2636000 | 2157504 |
| 3.50%, 02/15/2039 | 34622000 | 30963699 |
| 3.63%, 05/15/2053 | 5009000 | 4026179 |
| 3.88%, 02/15/2043 | 2143000 | 1897643 |
| 4.13%, 08/15/2044 - 08/15/2053 | 11097000 | 9954374 |
| 4.25%, 05/15/2039 - 08/15/2054 | 50116000 | 46917996 |
| 4.50%, 02/15/2044 - 11/15/2054 | 26767000 | 25495222 |
| 4.63%, 05/15/2044 - 02/15/2055 | 27345000 | 26398052 |
| 4.75%, 11/15/2043 - 05/15/2055 | 41562800 | 40911117 |
| U.S. Treasury Bonds, Principal Only <br> STRIPS |  |  |
| 08/15/2052 | 9642000 | 2523175 |
| U.S. Treasury Notes |  |  |
| 0.63%, 05/15/2030 | 9878000 | 8456880 |
| 1.25%, 08/15/2031 | 18305000 | 15565685 |
| 1.38%, 11/15/2031 | 10570000 | 8988216 |
| 1.63%, 05/15/2031 | 5604000 | 4911600 |
| 1.88%, 02/15/2032 | 1063400 | 927775 |
| 2.75%, 08/15/2032 | 19707500 | 18037751 |
| 2.88%, 05/15/2032 | 34230000 | 31698852 |
| 3.38%, 05/15/2033 | 7101300 | 6709896 |
| 3.63%, 08/31/2029 | 2654000 | 2624246 |
| 3.75%, 12/31/2030 - 08/31/2031 | 19004000 | 18733388 |
| 3.88%, 09/30/2029 - 08/15/2034 | 16036000 | 15880029 |
| 4.13%, 03/31/2031 - 11/15/2032 | 48916200 | 49007606 |
| 4.25%, 02/28/2031 - 05/15/2035 | 31993200 | 31948435 |
| 4.50%, 05/31/2029 - 11/15/2033 | 5064000 | 5161961 |
| 4.63%, 02/15/2035 | 16640700 | 17002115 |
|  |  | 599767867 |
| **U.S. Treasury Inflation-Protected Securities - 0.2%**  | **U.S. Treasury Inflation-Protected Securities - 0.2%**  | **U.S. Treasury Inflation-Protected Securities - 0.2%**  |
| U.S. Treasury Inflation-Protected Indexed <br> Notes |  |  |
| 0.13%, 07/15/2030 | 5989020 | 5632182 |
|  |  | 5632182 |
| &nbsp;&nbsp; **Total U.S. Government Obligations** <br>**(Cost $655,319,768)**<br>|  | 605400049 |
| **ASSET-BACKED SECURITIES - 11.6%**  | **ASSET-BACKED SECURITIES - 11.6%**  | **ASSET-BACKED SECURITIES - 11.6%**  |
| 321 Henderson Receivables VI LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2010-1A, Class A, <br>5.56%, 07/15/2059 <sup>(A)</sup> <br>| 361961 | 362336 |
| Accelerated LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1H, Class B, <br>1.90%, 10/20/2040 <sup>(A)</sup> <br>| 1397369 | 1298372 |
| &nbsp;&nbsp;&nbsp; Series 2021-1H, Class D, <br>3.58%, 10/20/2040 <sup>(A)</sup> <br>| 836899 | 751191 |
| Anchorage Capital CLO 25 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-25A, Class C, <br>3-Month Term SOFR + 2.35%, <br>6.68% <sup>(B)</sup>, 04/20/2035 <sup>(A)</sup> <br>| 4400000 | 4403397 |

---

**Transamerica Funds**

**Page 7**

------

**Transamerica Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| Aqua Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-A, Class A, <br>1.54%, 07/17/2046 <sup>(A)</sup> <br>| $994591 | $912224 |
| Avis Budget Rental Car Funding <br> AESOP LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-7A, Class A, <br>5.90%, 08/21/2028 <sup>(A)</sup> <br>| 4255000 | 4347911 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, <br>5.36%, 06/20/2030 <sup>(A)</sup> <br>| 6610000 | 6763822 |
| Battalion CLO XXI Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-21A, Class AR, <br>3-Month Term SOFR + 1.15%, <br>5.47% <sup>(B)</sup>, 07/15/2034 <sup>(A)</sup> <br>| 3675000 | 3674901 |
| BXG Receivables Note Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-A, Class A, <br>1.55%, 02/28/2036 <sup>(A)</sup> <br>| 446487 | 426714 |
| &nbsp;&nbsp;&nbsp; Series 2023-A, Class A, <br>5.77%, 11/15/2038 <sup>(A)</sup> <br>| 1953406 | 1979254 |
| Capital Automotive REIT |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A1, <br>4.40%, 10/15/2054 <sup>(A)</sup> <br>| 11281000 | 10878929 |
| CARS-DB5 LP |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A3, <br>1.92%, 08/15/2051 <sup>(A)</sup> <br>| 4067642 | 3900498 |
| CARS-DB7 LP |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A1, <br>5.75%, 09/15/2053 <sup>(A)</sup> <br>| 3753333 | 3770592 |
| DataBank Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A2, <br>2.06%, 02/27/2051 <sup>(A)</sup> <br>| 4727000 | 4633709 |
| Diameter Capital CLO 1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A1R, <br>3-Month Term SOFR + 1.39%, <br>5.71% <sup>(B)</sup>, 10/15/2037 <sup>(A)</sup> <br>| 3250000 | 3265395 |
| Diamond Infrastructure Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A, <br>1.76%, 04/15/2049 <sup>(A)</sup> <br>| 3375000 | 3204725 |
| Drive Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class C, <br>5.43%, 11/17/2031<br>| 8500000 | 8581340 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class C, <br>4.67%, 05/17/2032<br>| 5700000 | 5681706 |
| Dryden 80 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-80A, Class AR, <br>3-Month Term SOFR + 1.25%, <br>5.57% <sup>(B)</sup>, 01/17/2033 <sup>(A)</sup> <br>| 3259963 | 3260169 |
| First National Master Note Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1, Class A, <br>5.13%, 04/15/2029<br>| 14450000 | 14510418 |
| GSAA Home Equity Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006-1, Class A3, <br>1-Month Term SOFR + 0.77%, <br>5.13% <sup>(B)</sup>, 01/25/2036<br>| 840894 | 345934 |
| Hertz Vehicle Financing III LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-3A, Class A, <br>5.94%, 02/25/2028 <sup>(A)</sup> <br>| 6630000 | 6723053 |
| Hertz Vehicle Financing III LP |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-2A, Class B, <br>2.12%, 12/27/2027 <sup>(A)</sup> <br>| 6890000 | 6620511 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| Hilton Grand Vacations Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A, <br>5.72%, 01/25/2038 <sup>(A)</sup> <br>| $1384318 | $1405707 |
| &nbsp;&nbsp;&nbsp; Series 2024-1B, Class B, <br>5.99%, 09/15/2039 <sup>(A)</sup> <br>| 662312 | 668479 |
| &nbsp;&nbsp;&nbsp; Series 2024-1B, Class C, <br>6.62%, 09/15/2039 <sup>(A)</sup> <br>| 402291 | 406413 |
| &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A, <br>5.50%, 03/25/2038 <sup>(A)</sup> <br>| 2310558 | 2340904 |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A, <br>4.98%, 08/27/2040 <sup>(A)</sup> <br>| 6782519 | 6806284 |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class C, <br>5.71%, 08/27/2040 <sup>(A)</sup> <br>| 4333276 | 4355265 |
| HINNT LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-A, Class A, <br>5.49%, 03/15/2043 <sup>(A)</sup> <br>| 1318180 | 1333131 |
| &nbsp;&nbsp;&nbsp; Series 2024-A, Class B, <br>5.84%, 03/15/2043 <sup>(A)</sup> <br>| 1514504 | 1529374 |
| &nbsp;&nbsp;&nbsp; Series 2024-A, Class C, <br>6.32%, 03/15/2043 <sup>(A)</sup> <br>| 1688392 | 1702614 |
| ICG U.S. CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014-1A, Class A1A2, <br>3-Month Term SOFR + 1.46%, <br>5.79% <sup>(B)</sup>, 10/20/2034 <sup>(A)</sup> <br>| 6500000 | 6508808 |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A1R, <br>3-Month Term SOFR + 1.27%, <br>5.59% <sup>(B)</sup>, 04/17/2034 <sup>(A)</sup> <br>| 4500000 | 4497021 |
| JG Wentworth XXI LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2010-2A, Class A, <br>4.07%, 01/15/2048 <sup>(A)</sup> <br>| 121273 | 120123 |
| JGWPT XXIII LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2011-1A, Class A, <br>4.70%, 10/15/2056 <sup>(A)</sup> <br>| 845416 | 825556 |
| KKR CLO 15 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 15, Class A1R2, <br>3-Month Term SOFR + 1.10%, <br>5.43% <sup>(B)</sup>, 01/18/2032 <sup>(A)</sup> <br>| 4408965 | 4408859 |
| MetroNet Infrastructure Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A2, <br>5.40%, 08/20/2055 <sup>(A)</sup><sup>(F)</sup> <br>| 9400000 | 9399210 |
| MVW LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-2A, Class B, <br>2.44%, 10/20/2038 <sup>(A)</sup> <br>| 241970 | 238515 |
| &nbsp;&nbsp;&nbsp; Series 2020-1A, Class A, <br>1.74%, 10/20/2037 <sup>(A)</sup> <br>| 480002 | 466076 |
| &nbsp;&nbsp;&nbsp; Series 2021-1WA, Class A, <br>1.14%, 01/22/2041 <sup>(A)</sup> <br>| 1624509 | 1556070 |
| &nbsp;&nbsp;&nbsp; Series 2021-1WA, Class C, <br>1.94%, 01/22/2041 <sup>(A)</sup> <br>| 1292125 | 1229671 |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A, <br>4.93%, 10/20/2040 <sup>(A)</sup> <br>| 2375872 | 2382033 |
| &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A, <br>6.18%, 11/20/2040 <sup>(A)</sup> <br>| 2194733 | 2236310 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class B, <br>5.51%, 02/20/2043 <sup>(A)</sup> <br>| 2654518 | 2665906 |
| &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A, <br>4.43%, 03/20/2042 <sup>(A)</sup> <br>| 1771001 | 1757073 |
| &nbsp;&nbsp;&nbsp; Series 2024-2A, Class C, <br>4.92%, 03/20/2042 <sup>(A)</sup> <br>| 5635003 | 5481523 |

---

**Transamerica Funds**

**Page 8**

------

**Transamerica Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| Octagon 54 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A1, <br>3-Month Term SOFR + 1.38%, <br>5.70% <sup>(B)</sup>, 07/15/2034 <sup>(A)</sup> <br>| $2750000 | $2751449 |
| Octagon Investment Partners 40 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-1A, Class CRR, <br>3-Month Term SOFR + 1.75%, <br>6.08% <sup>(B)</sup>, 01/20/2035 <sup>(A)</sup> <br>| 7250000 | 7230635 |
| OZLM XIX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-19A, Class A1RR, <br>3-Month Term SOFR + 1.35%, <br>5.67% <sup>(B)</sup>, 01/15/2035 <sup>(A)</sup> <br>| 10000000 | 10004290 |
| Pikes Peak CLO 4 |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-4A, Class ARR, <br>3-Month Term SOFR + 1.21%, <br>5.53% <sup>(B)</sup>, 07/15/2034 <sup>(A)</sup> <br>| 4395000 | 4395026 |
| QTS Issuer ABS I LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, <br>5.44%, 05/25/2055 <sup>(A)</sup> <br>| 6275000 | 6306124 |
| Retained Vantage Data Centers <br> Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2, <br>4.99%, 09/15/2049 <sup>(A)</sup> <br>| 8500000 | 8351512 |
| Santander Drive Auto Receivables Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class D, <br>5.43%, 03/17/2031<br>| 5900000 | 5957665 |
| &nbsp;&nbsp;&nbsp; Series 2025-3, Class C, <br>4.68%, 09/15/2031<br>| 4165000 | 4154416 |
| SCF Equipment Trust LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A3, <br>5.11%, 11/21/2033 <sup>(A)</sup> <br>| 5100000 | 5189501 |
| Sierra Timeshare Receivables <br> Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class C, <br>1.79%, 11/20/2037 <sup>(A)</sup> <br>| 649630 | 640108 |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class D, <br>3.17%, 11/20/2037 <sup>(A)</sup> <br>| 450249 | 444137 |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A, <br>5.20%, 01/20/2040 <sup>(A)</sup> <br>| 1765439 | 1771242 |
| &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A, <br>5.80%, 04/20/2040 <sup>(A)</sup> <br>| 1140741 | 1159440 |
| &nbsp;&nbsp;&nbsp; Series 2023-3A, Class A, <br>6.10%, 09/20/2040 <sup>(A)</sup> <br>| 2371057 | 2430366 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class C, <br>5.94%, 01/20/2043 <sup>(A)</sup> <br>| 987180 | 992733 |
| &nbsp;&nbsp;&nbsp; Series 2024-2A, Class C, <br>5.83%, 06/20/2041 <sup>(A)</sup> <br>| 2068547 | 2078226 |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A, <br>4.83%, 08/20/2041 <sup>(A)</sup> <br>| 3171857 | 3174360 |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class C, <br>5.32%, 08/20/2041 <sup>(A)</sup> <br>| 3943054 | 3931236 |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, <br>4.72%, 04/20/2044 <sup>(A)</sup> <br>| 2700000 | 2705431 |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class B, <br>4.93%, 04/20/2044 <sup>(A)</sup> <br>| 1175000 | 1174996 |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class C, <br>5.32%, 04/20/2044 <sup>(A)</sup> <br>| 1280000 | 1283163 |
| Symphony CLO XVIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-18A, Class A1R3, <br>3-Month Term SOFR + 1.10%, <br>5.42% <sup>(B)</sup>, 07/23/2033 <sup>(A)</sup> <br>| 4359713 | 4352241 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| Vantage Data Centers Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1A, Class A2, <br>1.65%, 09/15/2045 <sup>(A)</sup> <br>| $5085000 | $5061349 |
| Venture 38 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-38A, Class ARR, <br>3-Month Term SOFR + 1.00%, <br>5.31% <sup>(B)</sup>, 07/30/2032 <sup>(A)</sup> <br>| 4903499 | 4896939 |
| Venture 43 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-43A, Class A1R, <br>3-Month Term SOFR + 1.35%, <br>5.67% <sup>(B)</sup>, 04/15/2034 <sup>(A)</sup> <br>| 3000000 | 3002847 |
| Venture 44 CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-44A, Class A1NR, <br>3-Month Term SOFR + 1.14%, <br>5.47% <sup>(B)</sup>, 10/20/2034 <sup>(A)</sup> <br>| 5400000 | 5377131 |
| Wellfleet CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-1A, Class BR, <br>3-Month Term SOFR + 2.61%, <br>6.94% <sup>(B)</sup>, 07/20/2032 <sup>(A)</sup> <br>| 5000000 | 5007170 |
| &nbsp;&nbsp; **Total Asset-Backed Securities** <br>**(Cost $268,556,404)** | &nbsp;&nbsp; **Total Asset-Backed Securities** <br>**(Cost $268,556,404)** | 268441759 |
| **MORTGAGE-BACKED SECURITIES - 10.0%**  | **MORTGAGE-BACKED SECURITIES - 10.0%**  | **MORTGAGE-BACKED SECURITIES - 10.0%**  |
| 20 Times Square Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018-20TS, Class C, <br>3.10% <sup>(B)</sup>, 05/15/2035 <sup>(A)</sup> <br>| 2550000 | 2371500 |
| 280 Park Avenue Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-280P, Class E, <br>1-Month Term SOFR + 2.42%, <br>6.75% <sup>(B)</sup>, 09/15/2034 <sup>(A)</sup> <br>| 4630000 | 4479525 |
| Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005-14, Class 4A1, <br>1-Month Term SOFR + 0.55%, <br>4.91% <sup>(B)</sup>, 05/25/2035<br>| 453986 | 422760 |
| &nbsp;&nbsp;&nbsp; Series 2006-OC1, Class 2A3A, <br>1-Month Term SOFR + 0.75%, <br>5.11% <sup>(B)</sup>, 03/25/2036<br>| 693969 | 657957 |
| American Home Mortgage Assets Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007-2, Class A1, <br>1-Month Term SOFR + 0.24%, <br>4.59% <sup>(B)</sup>, 03/25/2047<br>| 210917 | 187108 |
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class A1, <br>5.69% <sup>(B)</sup>, 01/25/2070 <sup>(A)</sup> <br>| 7080617 | 7081452 |
| BAMLL Commercial Mortgage Securities <br> Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-BPR, Class BNM, <br>3.47% , 11/05/2032 <sup>(A)</sup> <br>| 5000000 | 4686417 |
| &nbsp;&nbsp;&nbsp; Series 2019-BPR, Class CNM, <br>3.72% <sup>(B)</sup>, 11/05/2032 <sup>(A)</sup> <br>| 3970000 | 3630102 |
| BBCMS Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018-TALL, Class C, <br>1-Month Term SOFR + 1.32%, <br>5.66% <sup>(B)</sup>, 03/15/2037 <sup>(A)</sup> <br>| 7065000 | 6431221 |
| &nbsp;&nbsp;&nbsp; Series 2018-TALL, Class E, <br>1-Month Term SOFR + 2.63%, <br>6.98% <sup>(B)</sup>, 03/15/2037 <sup>(A)</sup> <br>| 850000 | 689688 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM2, Class A1, <br>6.29% <sup>(B)</sup>, 02/25/2064 <sup>(A)</sup> <br>| 6704057 | 6740245 |

---

**Transamerica Funds**

**Page 9**

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**Transamerica Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp; BRAVO Residential Funding <br> Trust (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM3, Class A1, <br>6.19% <sup>(B)</sup>, 03/25/2064 <sup>(A)</sup> <br>| $994564 | $1001366 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM7, Class A1, <br>5.55% <sup>(B)</sup>, 10/27/2064 <sup>(A)</sup> <br>| 4848663 | 4848717 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM1, Class A1, <br>5.60% <sup>(B)</sup>, 12/25/2064 <sup>(A)</sup> <br>| 6091009 | 6101754 |
| BXP Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-CQHP, Class D, <br>1-Month Term SOFR + 2.05%, <br>6.39% <sup>(B)</sup>, 11/15/2034 <sup>(A)</sup> <br>| 1825000 | 1344587 |
| CHL Mortgage Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005-11, Class 4A1, <br>1-Month Term SOFR + 0.38%, <br>4.74% <sup>(B)</sup>, 04/25/2035<br>| 60445 | 57112 |
| &nbsp;&nbsp;&nbsp; Series 2006-3, Class 3A1, <br>1-Month Term SOFR + 0.61%, <br>4.97% <sup>(B)</sup>, 02/25/2036<br>| 1204265 | 1073923 |
| CIM Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-R6, Class A1, <br>1.43% <sup>(B)</sup>, 07/25/2061 <sup>(A)</sup> <br>| 3816984 | 3398758 |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014-A, Class A, <br>4.00% <sup>(B)</sup>, 01/25/2035 <sup>(A)</sup> <br>| 24711 | 23982 |
| &nbsp;&nbsp;&nbsp; Series 2015-PS1, Class A1, <br>3.75% <sup>(B)</sup>, 09/25/2042 <sup>(A)</sup> <br>| 147142 | 141433 |
| COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class A1, <br>5.84% <sup>(B)</sup>, 02/25/2069 <sup>(A)</sup> <br>| 4443958 | 4456163 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class A1, <br>6.13% <sup>(B)</sup>, 04/25/2069 <sup>(A)</sup> <br>| 2516593 | 2529758 |
| &nbsp;&nbsp;&nbsp; Series 2024-3, Class A1, <br>6.39% <sup>(B)</sup>, 06/25/2069 <sup>(A)</sup> <br>| 8471637 | 8548810 |
| &nbsp;&nbsp;&nbsp; Series 2024-4, Class A1, <br>5.95% <sup>(B)</sup>, 07/25/2069 <sup>(A)</sup> <br>| 4905383 | 4930243 |
| &nbsp;&nbsp;&nbsp; Series 2024-5, Class A1, <br>5.12% <sup>(B)</sup>, 08/25/2069 <sup>(A)</sup> <br>| 10409474 | 10339821 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-RPL4, Class A1, <br>2.00% <sup>(B)</sup>, 01/25/2060 <sup>(A)</sup> <br>| 9438803 | 8460288 |
| &nbsp;&nbsp;&nbsp; Series 2021-RPL2, Class A1A, <br>1.11% <sup>(B)</sup>, 01/25/2060 <sup>(A)</sup> <br>| 4542616 | 3807555 |
| &nbsp;&nbsp;&nbsp; Series 2021-RPL3, Class A1, <br>2.00% <sup>(B)</sup>, 01/25/2060 <sup>(A)</sup> <br>| 2759143 | 2422704 |
| &nbsp;&nbsp;&nbsp; Series 2021-RPL6, Class A1, <br>2.00% <sup>(B)</sup>, 10/25/2060 <sup>(A)</sup> <br>| 2985476 | 2681106 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-NQM1, Class A1, <br>6.01% <sup>(B)</sup>, 01/25/2059 <sup>(A)</sup> <br>| 1933433 | 1936422 |
| GSR Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007-OA1, Class 2A1, <br>1-Month Term SOFR + 0.24%, <br>4.59% <sup>(B)</sup>, 05/25/2037<br>| 136631 | 60509 |
| Hudson Yards Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-SPRL, Class A, <br>5.47% <sup>(B)</sup>, 01/13/2040 <sup>(A)</sup> <br>| 5710000 | 5853557 |
| ILPT Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-SURF, Class C, <br>4.29% <sup>(B)</sup>, 02/11/2041 <sup>(A)</sup> <br>| 1930000 | 1828264 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| IndyMac INDX Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007-AR15, Class 2A1, <br>3.38% <sup>(B)</sup>, 08/25/2037<br>| $506168 | $355419 |
| JPMorgan Chase Commercial Mortgage <br> Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-NNN, Class CFX, <br>3.27% , 01/16/2037 <sup>(A)</sup> <br>| 2675000 | 1792304 |
| Merrill Lynch Mortgage Investors Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006-A1, Class 1A1, <br>4.61% <sup>(B)</sup>, 03/25/2036<br>| 558660 | 306932 |
| MetLife Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-1A, Class A, <br>3.00% <sup>(B)</sup>, 04/25/2055 <sup>(A)</sup> <br>| 1558290 | 1489350 |
| &nbsp;&nbsp;&nbsp; Series 2019-1A, Class A1A, <br>3.75% <sup>(B)</sup>, 04/25/2058 <sup>(A)</sup> <br>| 215117 | 211366 |
| MFA Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-RPL1, Class A1, <br>1.13% <sup>(B)</sup>, 07/25/2060 <sup>(A)</sup> <br>| 2486939 | 2254975 |
| Mill City Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class A1, <br>3.25% <sup>(B)</sup>, 10/25/2069 <sup>(A)</sup> <br>| 2537762 | 2462540 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-2A, Class A1, <br>3.75% <sup>(B)</sup>, 11/26/2035 <sup>(A)</sup> <br>| 213546 | 205698 |
| &nbsp;&nbsp;&nbsp; Series 2017-1A, Class A1, <br>4.00% <sup>(B)</sup>, 02/25/2057 <sup>(A)</sup> <br>| 1086392 | 1050488 |
| &nbsp;&nbsp;&nbsp; Series 2017-2A, Class A3, <br>4.00% <sup>(B)</sup>, 03/25/2057 <sup>(A)</sup> <br>| 3735490 | 3600709 |
| &nbsp;&nbsp;&nbsp; Series 2017-3A, Class A1, <br>4.00% <sup>(B)</sup>, 04/25/2057 <sup>(A)</sup> <br>| 360169 | 347852 |
| &nbsp;&nbsp;&nbsp; Series 2018-2A, Class A1, <br>4.50% <sup>(B)</sup>, 02/25/2058 <sup>(A)</sup> <br>| 220606 | 216480 |
| &nbsp;&nbsp;&nbsp; Series 2018-RPL1, Class A1, <br>3.50% <sup>(B)</sup>, 12/25/2057 <sup>(A)</sup> <br>| 1944636 | 1875393 |
| &nbsp;&nbsp;&nbsp; Series 2019-2A, Class A1, <br>4.25% <sup>(B)</sup>, 12/25/2057 <sup>(A)</sup> <br>| 913764 | 891153 |
| &nbsp;&nbsp;&nbsp; Series 2019-3A, Class A1A, <br>3.75% <sup>(B)</sup>, 11/25/2058 <sup>(A)</sup> <br>| 2689044 | 2577983 |
| &nbsp;&nbsp;&nbsp; Series 2019-4A, Class A1B, <br>3.50% <sup>(B)</sup>, 12/25/2058 <sup>(A)</sup> <br>| 3155055 | 2934580 |
| &nbsp;&nbsp;&nbsp; Series 2019-5A, Class A1B, <br>3.50% <sup>(B)</sup>, 08/25/2059 <sup>(A)</sup> <br>| 3554082 | 3357098 |
| &nbsp;&nbsp;&nbsp; Series 2019-6A, Class A1B, <br>3.50% <sup>(B)</sup>, 09/25/2059 <sup>(A)</sup> <br>| 2520569 | 2370972 |
| &nbsp;&nbsp;&nbsp; Series 2019-RPL2, Class A1, <br>3.25% <sup>(B)</sup>, 02/25/2059 <sup>(A)</sup> <br>| 2580789 | 2496477 |
| &nbsp;&nbsp;&nbsp; Series 2020-1A, Class A1B, <br>3.50% <sup>(B)</sup>, 10/25/2059 <sup>(A)</sup> <br>| 3380755 | 3151948 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-NQM4, Class A1, <br>6.11% <sup>(B)</sup>, 03/25/2063 <sup>(A)</sup> <br>| 6739444 | 6743311 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM14, Class A1, <br>4.94% <sup>(B)</sup>, 09/25/2064 <sup>(A)</sup> <br>| 5205900 | 5163201 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM3, Class A1, <br>6.13% <sup>(B)</sup>, 12/25/2063 <sup>(A)</sup> <br>| 6602158 | 6643563 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM4, Class A1, <br>6.07% <sup>(B)</sup>, 01/25/2064 <sup>(A)</sup> <br>| 1216111 | 1222981 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM5, Class A1, <br>5.99% <sup>(B)</sup>, 01/25/2064 <sup>(A)</sup> <br>| 1472114 | 1477995 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM6, Class A1, <br>6.45% <sup>(B)</sup>, 02/25/2064 <sup>(A)</sup> <br>| 3008961 | 3038287 |

---

**Transamerica Funds**

**Page 10**

------

**Transamerica Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| OBX Trust (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM8, Class A1, <br>6.23% <sup>(B)</sup>, 05/25/2064 <sup>(A)</sup> <br>| $4624348 | $4665833 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A1, <br>5.60% <sup>(B)</sup>, 11/25/2064 <sup>(A)</sup> <br>| 4600537 | 4598168 |
| RALI Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2006-QO1, Class 3A1, <br>1-Month Term SOFR + 0.65%, <br>5.01% <sup>(B)</sup>, 02/25/2046<br>| 2101201 | 799759 |
| &nbsp;&nbsp;&nbsp; Series 2007-QH5, Class AI1, <br>1-Month Term SOFR + 0.53%, <br>4.89% <sup>(B)</sup>, 06/25/2037<br>| 92087 | 56316 |
| Residential Asset Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2004-A4, Class A11, <br>5.50% , 08/25/2034<br>| 1053145 | 1009450 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-4, Class A1, <br>2.75% <sup>(B)</sup>, 06/25/2057 <sup>(A)</sup> <br>| 866381 | 843816 |
| &nbsp;&nbsp;&nbsp; Series 2017-6, Class A1, <br>2.75% <sup>(B)</sup>, 10/25/2057 <sup>(A)</sup> <br>| 3750326 | 3670341 |
| &nbsp;&nbsp;&nbsp; Series 2018-2, Class A1, <br>3.25% <sup>(B)</sup>, 03/25/2058 <sup>(A)</sup> <br>| 517517 | 509815 |
| &nbsp;&nbsp;&nbsp; Series 2018-4, Class A1, <br>3.00% <sup>(B)</sup>, 06/25/2058 <sup>(A)</sup> <br>| 2430976 | 2290602 |
| &nbsp;&nbsp;&nbsp; Series 2018-5, Class A1A, <br>3.25% <sup>(B)</sup>, 07/25/2058 <sup>(A)</sup> <br>| 337213 | 332789 |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class A1, <br>3.75% <sup>(B)</sup>, 03/25/2058 <sup>(A)</sup> <br>| 4769813 | 4616012 |
| &nbsp;&nbsp;&nbsp; Series 2019-4, Class A1, <br>2.90% <sup>(B)</sup>, 10/25/2059 <sup>(A)</sup> <br>| 1594233 | 1523552 |
| &nbsp;&nbsp;&nbsp; Series 2020-4, Class A1, <br>1.75% , 10/25/2060 <sup>(A)</sup> <br>| 7875131 | 7106870 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A1, <br>3.75% <sup>(B)</sup>, 07/25/2062 <sup>(A)</sup> <br>| 3191215 | 3013285 |
| &nbsp;&nbsp;&nbsp; Series 2023-1, Class A1, <br>3.75% , 01/25/2063 <sup>(A)</sup> <br>| 6232302 | 5992182 |
| VEGAS Trust |  |  |
| 5.52% , 11/10/2039 <sup>(A)</sup> <br>| 11400000 | 11501133 |
| Verus Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-7, Class A1, <br>5.10% <sup>(B)</sup>, 09/25/2069 <sup>(A)</sup> <br>| 8828175 | 8762143 |
| &nbsp;&nbsp; **Total Mortgage-Backed Securities** <br>**(Cost $240,675,391)**<br>|  | 232755928 |
| **U.S. GOVERNMENT AGENCY OBLIGATIONS - 9.1%**  | **U.S. GOVERNMENT AGENCY OBLIGATIONS - 9.1%**  | **U.S. GOVERNMENT AGENCY OBLIGATIONS - 9.1%**  |
| Federal Home Loan Mortgage Corp. |  |  |
| 5.50%, 04/01/2053 - 07/01/2053 | 19289917 | 19229651 |
| &nbsp;&nbsp; Federal Home Loan Mortgage Corp. <br> Multifamily Structured Pass-Through <br>Certificates |  |  |
| 3.19%, 07/25/2027 | 5857000 | 5735228 |
| Federal Home Loan Mortgage Corp., <br> Interest Only STRIPS |  |  |
| 5.00%, 08/01/2035 | 259870 | 34160 |
| Federal National Mortgage Association |  |  |
| 4.50%, 08/01/2052 | 6378840 | 6062060 |
| 5.00%, 03/01/2053 - 02/01/2054 | 29478679 | 28847180 |
| 5.50%, 03/01/2053 | 6750682 | 6732443 |
| 6.00%, 06/01/2054 | 9376677 | 9507691 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** |
| Uniform Mortgage-Backed Security, TBA |  |  |
| 2.00%, 08/01/2054 <sup>(F)</sup> <br>| $61000000 | $47707207 |
| 2.50%, 08/01/2054 <sup>(F)</sup> <br>| 31316000 | 25654878 |
| 5.50%, 08/01/2054 <sup>(F)</sup> <br>| 61224000 | 60899865 |
| &nbsp;&nbsp; **Total U.S. Government Agency Obligations** <br>**(Cost $210,725,816)** | &nbsp;&nbsp; **Total U.S. Government Agency Obligations** <br>**(Cost $210,725,816)** | 210410363 |
| **FOREIGN GOVERNMENT OBLIGATIONS - 0.8%**  | **FOREIGN GOVERNMENT OBLIGATIONS - 0.8%**  | **FOREIGN GOVERNMENT OBLIGATIONS - 0.8%**  |
| **Colombia - 0.1%**  | **Colombia - 0.1%**  | **Colombia - 0.1%**  |
| Colombia Government International Bonds |  |  |
| 3.13%, 04/15/2031 | 1792000 | 1506642 |
| **Cote d'Ivoire - 0.2%**  | **Cote d'Ivoire - 0.2%**  | **Cote d'Ivoire - 0.2%**  |
| Ivory Coast Government International Bonds |  |  |
| 8.25%, 01/30/2037 <sup>(A)</sup> <br>| 5813000 | 5745096 |
| **Dominican Republic - 0.3%**  | **Dominican Republic - 0.3%**  | **Dominican Republic - 0.3%**  |
| Dominican Republic International Bonds |  |  |
| 4.88%, 09/23/2032 <sup>(A)</sup> <br>| 782000 | 722802 |
| 6.60%, 06/01/2036 <sup>(A)</sup> <br>| 5006000 | 5078587 |
|  |  | 5801389 |
| **Ecuador - 0.0% \*** | **Ecuador - 0.0% \*** | **Ecuador - 0.0% \*** |
| Ecuador Government International Bonds |  |  |
| Zero Coupon, 07/31/2030 <sup>(A)</sup> <br>| 119808 | 85783 |
| 5.00% <sup>(H)</sup>, 07/31/2040 <sup>(A)</sup> <br>| 435840 | 272618 |
| 6.90%, 07/31/2035 <sup>(A)</sup> <br>| 740626 | 552877 |
|  |  | 911278 |
| **Peru - 0.1%**  | **Peru - 0.1%**  | **Peru - 0.1%**  |
| Corp. Financiera de Desarrollo SA |  |  |
| 5.50%, 05/06/2030 <sup>(A)</sup> <br>| 2400000 | 2426160 |
| **Uzbekistan - 0.1%**  | **Uzbekistan - 0.1%**  | **Uzbekistan - 0.1%**  |
| Republic of Uzbekistan International Bonds |  |  |
| 3.90%, 10/19/2031 <sup>(A)</sup> <br>| 3049000 | 2703209 |
| &nbsp;&nbsp; **Total Foreign Government Obligations** <br>**(Cost $19,379,937)**<br>|  | 19093774 |
| **LOAN ASSIGNMENTS - 0.1%**  | **LOAN ASSIGNMENTS - 0.1%**  | **LOAN ASSIGNMENTS - 0.1%**  |
| **Commercial Services & Supplies - 0.1%**  | **Commercial Services & Supplies - 0.1%**  | **Commercial Services & Supplies - 0.1%**  |
| &nbsp;&nbsp; Spin Holdco, Inc. <br>Term Loan, <br>3-Month Term SOFR + 4.00%, <br>8.58% <sup>(B)</sup>, 03/04/2028<br>| 2898304 | 2540847 |
| **Software - 0.0% \*** | **Software - 0.0% \*** | **Software - 0.0% \*** |
| &nbsp;&nbsp; Rackspace Finance LLC <br>1st Lien Term Loan, <br>1-Month Term SOFR + 6.25%, <br>10.71% <sup>(B)</sup>, 05/15/2028<br>| 921889 | 930186 |
| &nbsp;&nbsp; **Total Loan Assignments** <br>**(Cost $3,786,162)**<br>|  | 3471033 |
| **COMMERCIAL PAPER - 5.7%**  | **COMMERCIAL PAPER - 5.7%**  | **COMMERCIAL PAPER - 5.7%**  |
| **Banks - 0.8%**  | **Banks - 0.8%**  | **Banks - 0.8%**  |
| Lloyds Bank PLC |  |  |
| 4.49% <sup>(I)</sup>, 12/15/2025 | 6000000 | 5899792 |
| Macquarie Bank Ltd. |  |  |
| 4.41% <sup>(I)</sup>, 09/10/2025 <sup>(A)</sup> <br>| 1400000 | 1392954 |

---

**Transamerica Funds**

**Page 11**

------

**Transamerica Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **COMMERCIAL PAPER (continued)** | **COMMERCIAL PAPER (continued)** | **COMMERCIAL PAPER (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Swedbank AB |  |  |
| 4.40% <sup>(I)</sup>, 09/02/2025 <sup>(A)</sup> <br>| $11000000 | $10956546 |
|  |  | 18249292 |
| **Capital Markets - 0.9%**  | **Capital Markets - 0.9%**  | **Capital Markets - 0.9%**  |
| Lexington Parker Capital Co. LLC |  |  |
| 4.51% <sup>(I)</sup>, 08/19/2025 <sup>(A)</sup> <br>| 21000000 | 20951562 |
| **Communications Equipment - 0.0% \*** | **Communications Equipment - 0.0% \*** | **Communications Equipment - 0.0% \*** |
| Cisco Systems, Inc. |  |  |
| 4.44% <sup>(I)</sup>, 08/01/2025 <sup>(A)</sup> <br>| 500000 | 499940 |
| **Electrical Equipment - 1.0%**  | **Electrical Equipment - 1.0%**  | **Electrical Equipment - 1.0%**  |
| Emerson Electric Co. |  |  |
| 4.40% <sup>(I)</sup>, 08/18/2025 <sup>(A)</sup>  | 2950000 | 2943621 |
| 4.46% <sup>(I)</sup>, 09/23/2025 <sup>(A)</sup> <br>| 19000000 | 18876310 |
|  |  | 21819931 |
| **Energy Equipment & Services - 0.0% \*** | **Energy Equipment & Services - 0.0% \*** | **Energy Equipment & Services - 0.0% \*** |
| Schlumberger Holdings Corp. |  |  |
| 4.47% <sup>(I)</sup>, 09/29/2025 <sup>(A)</sup> <br>| 740000 | 734462 |
| **Financial Services - 3.0%**  | **Financial Services - 3.0%**  | **Financial Services - 3.0%**  |
| Barton Capital SA |  |  |
| 4.48% <sup>(I)</sup>, 08/13/2025 <sup>(A)</sup> <br>| 8700000 | 8686286 |
| Concord Minutemen Capital Co. LLC |  |  |
| 4.54% <sup>(I)</sup>, 10/01/2025 <sup>(A)</sup> <br>| 2820000 | 2798721 |
| Mainbeach Funding LLC |  |  |
| 4.50% <sup>(I)</sup>, 08/27/2025 <sup>(A)</sup>  | 12250000 | 12209600 |
| 4.55% <sup>(I)</sup>, 08/04/2025 <sup>(A)</sup> <br>| 12250000 | 12244091 |
| Manhattan Asset Funding Co. LLC |  |  |
| 4.47% <sup>(I)</sup>, 10/27/2025 <sup>(A)</sup> <br>| 1200000 | 1187095 |
| MUFG Securities Canada Ltd. |  |  |
| 4.54% <sup>(I)</sup>, 09/18/2025 <sup>(A)</sup> <br>| 24000000 | 23855081 |
| Starbird Funding Corp. |  |  |
| 4.50% <sup>(I)</sup>, 08/04/2025 <sup>(A)</sup> <br>| 8300000 | 8295987 |
|  |  | 69276861 |
| &nbsp;&nbsp; **Total Commercial Paper** <br>**(Cost $131,551,886)**<br>|  | 131532048 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **SHORT-TERM U.S. GOVERNMENT OBLIGATION - 0.5%**  | **SHORT-TERM U.S. GOVERNMENT OBLIGATION - 0.5%**  | **SHORT-TERM U.S. GOVERNMENT OBLIGATION - 0.5%**  |
| &nbsp;&nbsp; U.S. Treasury Bills <br>4.28% <sup>(I)</sup>, 10/16/2025<br>| $11133000 | $11033378 |
| &nbsp;&nbsp; **Total Short-Term U.S. Government Obligation** <br>**(Cost $11,037,919)** | &nbsp;&nbsp; **Total Short-Term U.S. Government Obligation** <br>**(Cost $11,037,919)** | 11033378 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **OTHER INVESTMENT COMPANY - 0.6%**  | **OTHER INVESTMENT COMPANY - 0.6%**  | **OTHER INVESTMENT COMPANY - 0.6%**  |
| **Securities Lending Collateral - 0.6%**  | **Securities Lending Collateral - 0.6%**  | **Securities Lending Collateral - 0.6%**  |
| &nbsp;&nbsp; State Street Navigator Securities Lending <br> Trust - Government Money Market Portfolio, <br> 4.27% <sup>(I)</sup> <br>| 14566920 | 14566920 |
| &nbsp;&nbsp; **Total Other Investment Company** <br>**(Cost $14,566,920)** | &nbsp;&nbsp; **Total Other Investment Company** <br>**(Cost $14,566,920)** | 14566920 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **REPURCHASE AGREEMENT - 1.8%**  | **REPURCHASE AGREEMENT - 1.8%**  | **REPURCHASE AGREEMENT - 1.8%**  |
| &nbsp;&nbsp; Fixed Income Clearing Corp., <br>1.80% <sup>(I)</sup>, dated 07/31/2025, to be <br> repurchased at $41,874,309 on 08/01/2025. <br> Collateralized by a U.S. Government <br> Obligation, 3.75% due 04/30/2027, and with <br> a value of $42,709,738.<br>| $41872215 | 41872215 |
| &nbsp;&nbsp; **Total Repurchase Agreement** <br>**(Cost $41,872,215)** | &nbsp;&nbsp; **Total Repurchase Agreement** <br>**(Cost $41,872,215)** | 41872215 |
| &nbsp;&nbsp; **Total Investments** <br>**(Cost $2,563,736,482)** | &nbsp;&nbsp; **Total Investments** <br>**(Cost $2,563,736,482)** | 2505161817 |
| **Net Other Assets (Liabilities) - (8.0)%** | **Net Other Assets (Liabilities) - (8.0)%** | (186586613) |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | **$2318575204** |

---

**Transamerica Funds**

**Page 12**

------

**Transamerica Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

**INVESTMENT VALUATION:**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** <sup>(J)</sup> <br>|  |  |  |  |
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2 -** <br>**Other Significant** <br>**Observable Inputs**<br>| **Level 3 -** <br>**Significant** <br>**Unobservable Inputs**<br>| **Value** |
| **ASSETS** |  |  |  |  |
| **Investments** |  |  |  |  |
| Corporate Debt Securities | $— | &nbsp;&nbsp; $966584350 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $966584350 |
| U.S. Government Obligations |  | &nbsp;&nbsp; 605400049 | &nbsp;&nbsp; — | &nbsp;&nbsp; 605400049 |
| Asset-Backed Securities |  | &nbsp;&nbsp; 268441759 | &nbsp;&nbsp; — | &nbsp;&nbsp; 268441759 |
| Mortgage-Backed Securities |  | &nbsp;&nbsp; 232755928 | &nbsp;&nbsp; — | &nbsp;&nbsp; 232755928 |
| U.S. Government Agency Obligations |  | &nbsp;&nbsp; 210410363 | &nbsp;&nbsp; — | &nbsp;&nbsp; 210410363 |
| Foreign Government Obligations |  | &nbsp;&nbsp; 19093774 | &nbsp;&nbsp; — | &nbsp;&nbsp; 19093774 |
| Loan Assignments |  | &nbsp;&nbsp; 3471033 | &nbsp;&nbsp; — | &nbsp;&nbsp; 3471033 |
| Commercial Paper |  | &nbsp;&nbsp; 131532048 | &nbsp;&nbsp; — | &nbsp;&nbsp; 131532048 |
| Short-Term U.S. Government Obligation |  | &nbsp;&nbsp; 11033378 | &nbsp;&nbsp; — | &nbsp;&nbsp; 11033378 |
| Other Investment Company | 14566920 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 14566920 |
| Repurchase Agreement |  | &nbsp;&nbsp; 41872215 | &nbsp;&nbsp; — | &nbsp;&nbsp; 41872215 |
| **Total Investments** | **$14566920** | &nbsp;&nbsp; **$2490594897** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$2505161817** |

---

**FOOTNOTES TO SCHEDULE OF INVESTMENTS:** 

\* *Percentage rounds to less than 0.1% or (0.1)%.*

<sup>(A)</sup> *Security is exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Security may be resold as transactions exempt from* *registration, normally to qualified institutional buyers. At July 31, 2025, the total value of 144A securities is $947,849,718, representing 40.9% of the* *Fund's net assets.* 

<sup>(B)</sup> *Floating or variable rate security. The rate disclosed is as of July 31, 2025. For securities based on a published reference rate and spread, the reference* *rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where* *applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are* *based on current market conditions; these securities do not indicate a reference rate and spread in the description.* 

<sup>(C)</sup> *Perpetual maturity. The date displayed is the next call date.*

<sup>(D)</sup> *Payment in-kind. Security pays interest or dividends in the form of additional bonds or preferred stock. If the security makes a cash payment in addition* *to in-kind, the cash rate is disclosed separately.* 

<sup>(E)</sup> *All or a portion of the security is on loan. The total value of the securities on loan is $14,257,807, collateralized by cash collateral of $14,566,920. The* *amount on loan indicated may not correspond with the securities on loan identified because a security with pending sales are in the process of recall* *from the brokers.* 

<sup>(F)</sup> *When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after July 31, 2025. Security* *may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.* 

<sup>(G)</sup> *Security exempt from registration under Regulation S of the Securities Act of 1933, which exempts from registration securities offered and sold outside* *the United States. Security may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the* *registration requirements of the Securities Act of 1933. At July 31, 2025, the total value of the Regulation S securities is $6,700,476, representing 0.3%* *of the Fund's net assets.* 

<sup>(H)</sup> *Step bond. Coupon rate changes in increments to maturity. The rate disclosed is as of July 31, 2025; the maturity date disclosed is the ultimate maturity* *date.* 

<sup>(I)</sup> *Rate disclosed reflects the yield at July 31, 2025.*

<sup>(J)</sup> *There were no transfers in or out of Level 3 during the period ended July 31, 2025. Please reference the Investment Valuation section of the Notes to* *Schedule of Investments for more information regarding investment valuation and pricing inputs.* 

**PORTFOLIO ABBREVIATION(S):** 

---

| | |
|:---|:---|
| *REIT* | *Real Estate Investment Trust* |
| *SOFR* | *Secured Overnight Financing Rate* |
| *STRIPS* | *Separate Trading of Registered Interest and Principal of Securities* |
| *TBA* | *To Be Announced* |

---

**Transamerica Funds**

**Page 13**

------

**Transamerica Bond**

------

**NOTES TO SCHEDULE OF INVESTMENTS**

**At July 31, 2025**

**(unaudited)**

**INVESTMENT VALUATION**

Transamerica Bond (the "Fund") is a series of the Transamerica Funds.

Transamerica Asset Management, Inc. ("TAM") has been designated as the Fund's valuation designee pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, with responsibility for fair valuation subject to oversight by the Fund's Board of Trustees. The net asset value of the Fund is computed as of the official close of the New York Stock Exchange ("NYSE") each day the NYSE is open for business.

TAM utilizes various methods to measure the fair value of its investments on a recurring basis. Generally Accepted Accounting Principles in the United States of America establishes a hierarchy that prioritizes inputs to valuation methods. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three levels ("Levels") of inputs of the fair value hierarchy are defined as follows:

Level 1—Unadjusted quoted prices in active markets for identical securities.

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

Level 3—Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include TAM's own assumptions used in determining the fair value of the Fund's investments.

The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value ("NAV") per share, or its equivalent, using the "practical expedient" have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Fund's investments at July 31, 2025, is disclosed within the Investment Valuation section of the Schedule of Investments.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, the determination of values may differ significantly from values that would have been realized had a ready market for investments existed, and the differences could be material.

**Fair value measurements:** Descriptions of the valuation techniques applied to the Fund's significant categories of assets and liabilities measured at fair value on a recurring basis are as follows:

*Asset-backed securities:* The fair value of asset-backed securities is estimated based on models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield, and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.

*Commercial paper:* Commercial paper is valued using amortized cost, which approximates fair value. The values are generally categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*Corporate debt securities:* The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.

**Transamerica Funds**

**Page 14**

------

**Transamerica Bond**

------

**NOTES TO SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

*Foreign government obligations:* Foreign government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. Foreign government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*Loan assignments:* Loan assignments are normally valued using an income approach, which projects future cash flows and converts those future cash flows to a present value using a discount rate. The resulting present value reflects the likely fair value of the loan. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise are categorized in Level 3.

*Mortgage-backed securities:* The fair value of mortgage-backed securities is estimated based on models that consider issuer type, coupon, cash flows, mortgage prepayment projection tables and adjustable rate mortgage evaluations that incorporate index data, periodic life caps and the next coupon reset date. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.

*U.S. government agency obligations:* U.S. government agency obligations are comprised of two main categories consisting of agency issued debt and mortgage pass-throughs. Generally, agency issued debt securities are valued in a manner similar to U.S. government obligations. Mortgage pass-throughs include to be announced ("TBA") securities and mortgage pass-through certificates. Generally, TBA securities and mortgage pass-throughs are valued using dealer quotations. Depending on market activity levels and whether quotations or other observable data are used, these securities are typically categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.

*U.S. government obligations:* U.S. government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. U.S. government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*Short-term notes:* The Fund normally values short-term government and U.S. government agency securities using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers and reference data. Certain securities are valued by principally using dealer quotations. Short-term government and U.S. government agency securities generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*Securities lending collateral:* Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.

*Repurchase agreements:* Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.

**Transamerica Funds**

**Page 15**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** TRANSAMERICA FUNDS

- **b. Investment Company Act file number:** 811-04556

- **c. CIK number of Registrant:** 0000787623

- **d. LEI of Registrant:** 54930088ZHZE1VMYEY52

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

  - **Street Address 1:** 1801 CALIFORNIA STREET

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80202

  - **Telephone number:** 720-493-4256

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

- **a. Name of Series:** Transamerica Bond

- **b. EDGAR series identifier (if any):** S000007796

- **c. LEI of Series:** 54930028OHE6MAPEQC05

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

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

- **b. Date as of which information is reported:** 2025-07-31

**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:** $2512454538.38

**Total Liabilities:** $173718041.35

**Net Assets:** $2338736497.03

**Delayed Delivery Securities:** $134614863.86

**Cash Not Reported:** $84.11

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -3327.86000000 | **1-Year:** -66410.76000000 | **5-Year:** -202678.39000000 | **10-Year:** -220346.51000000 | **30-Year:** -56822.77000000

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

- **3-Month:** -1013.07000000 | **1-Year:** -19212.74000000 | **5-Year:** -46166.43000000 | **10-Year:** -16899.31000000 | **30-Year:** -297.98000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021247 | -0.37%               | 1.76%                | -0.12%               |
| Class ID C000156745 | -0.37%               | 1.76%                | -0.12%               |
| Class ID C000021244 | -0.42%               | 1.73%                | -0.15%               |
| Class ID C000234684 | -0.42%               | 1.71%                | -0.17%               |
| Class ID C000081828 | -0.38%               | 1.75%                | -0.12%               |
| Class ID C000021246 | -0.60%               | 1.68%                | -0.09%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6197655.06             | $-12086587.49                              |
| Month 2  | $-3272050.01             | $34670590.80                               |
| Month 3  | $1079260.88              | $-11631900.96                              |

**Designated Index Information**

- **Index Name:** Securities Portfolio VaR

- **Index Identifier:** Designated Reference Portfolio is the Fund's Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SAFEHOLD GL HOLDINGS LLC                         | Safehold GL Holdings LLC                                                          | CUSIP: 785931AA4<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              |  | US        |   4090000 | PA      | $4269172.80   | 0.18%             | 2034-04-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS I LLC                             | QTS Issuer ABS I LLC                                                              | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6275000 | PA      | $6306124.00   | 0.27%             | 2055-05-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co.                                                              | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4904000 | PA      | $4967531.32   | 0.21%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust                                                         | CUSIP: 89175JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3750326 | PA      | $3670340.91   | 0.16%             | 2057-10-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                  | CVS Health Corp.                                                                  | CUSIP: 126650DX5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1642000 | PA      | $1671363.69   | 0.07%             | 2031-01-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                    | Boeing Co.                                                                        | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2005000 | PA      | $2203822.98   | 0.09%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                     | Comcast Corp.                                                                     | CUSIP: 20030NCT6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   5240000 | PA      | $5207100.19   | 0.22%             | 2028-10-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                         | Avolon Holdings Funding Ltd.                                                      | CUSIP: 05401ABA8<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   4731000 | PA      | $4713441.84   | 0.20%             | 2030-10-10      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                               | CUSIP: 64830DAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    913764 | PA      | $891152.52    | 0.04%             | 2057-12-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                                          | HCA, Inc.                                                                         | CUSIP: 404119CU1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    946000 | PA      | $964074.38    | 0.04%             | 2034-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  56137000 | PA      | $26610253.85  | 1.14%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| American Home Mortgage Assets                    | American Home Mortgage Assets Trust                                               | CUSIP: 026930AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    210917 | PA      | $187107.75    | 0.01%             | 2047-03-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| AMBIPAR LUX SARL                                 | Ambipar Lux SARL                                                                  | CUSIP: 02319WAA9<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |   1781000 | PA      | $1614637.32   | 0.07%             | 2031-02-06      | Fixed         | 9.88%                 | No            |                  2 | On Loan: —       |
| CHILE ELECTRICITY LUX                            | Chile Electricity Lux MPC II SARL                                                 | CUSIP: 16882LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   3930548 | PA      | $3969853.09   | 0.17%             | 2035-10-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD                         | Primo Water Holdings, Inc./Triton Water Holdings, Inc.                            | CUSIP: 74168RAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6397000 | PA      | $6170564.11   | 0.26%             | 2029-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Owens Corning                                    | Owens Corning                                                                     | CUSIP: 690742AG6<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |   3797000 | PA      | $3057022.98   | 0.13%             | 2047-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810RY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10424000 | PA      | $7339961.82   | 0.31%             | 2047-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX Trust                                                                         | CUSIP: 67118TAA2<br>LEI: 254900LSNFNEGAD7J679 | Long             | ABS-MBS          | CORP              | US        |   1216111 | PA      | $1222981.29   | 0.05%             | 2064-01-25      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                 | MGM Resorts International                                                         | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   2761000 | PA      | $2724456.23   | 0.12%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust                                                        | CUSIP: 924925AA8<br>LEI: 213800HQOHEFNJCQYJ07 | Long             | ABS-MBS          | CORP              | US        |   8828175 | PA      | $8762143.09   | 0.37%             | 2069-09-25      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                | Citigroup Mortgage Loan Trust, Inc.                                               | CUSIP: 17322GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     24711 | PA      | $23981.48     | 0.00%             | 2035-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                  | Cigna Group                                                                       | CUSIP: 125523CL2<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   2791000 | PA      | $2541264.19   | 0.11%             | 2030-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CJQ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11159000 | PA      | $11021691.96  | 0.47%             | 2030-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co.                                                              | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   8726000 | PA      | $8873120.01   | 0.38%             | 2030-01-23      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust               | Alternative Loan Trust                                                            | CUSIP: 12668BJU8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    693969 | PA      | $657956.52    | 0.03%             | 2036-03-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                         | Cheniere Energy Partners LP                                                       | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   5421000 | PA      | $5177962.75   | 0.22%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TYCO ELECTRONICS GROUP S                         | Tyco Electronics Group SA                                                         | CUSIP: 902133BD8<br>LEI: C33G1C5SYE2YM95EE712 | Long             | DBT              | CORP              | LU        |   4750000 | PA      | $4753710.42   | 0.20%             | 2035-05-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                               | Aqua Finance Trust                                                                | CUSIP: 03842VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    994591 | PA      | $912224.39    | 0.04%             | 2046-07-17      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                          | Bayer U.S. Finance II LLC                                                         | CUSIP: 07274NAZ6<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   2805000 | PA      | $2536645.03   | 0.11%             | 2034-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                              | Petroleos Mexicanos                                                               | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2838000 | PA      | $2792758.59   | 0.12%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                           | Roper Technologies, Inc.                                                          | CUSIP: 776696AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   3267000 | PA      | $3208321.18   | 0.14%             | 2034-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                          | Capital Automotive REIT                                                           | CUSIP: 12510HAZ3<br>LEI: N/A                  | Long             | ABS-O            |  | US        |  11281000 | PA      | $10878928.49  | 0.47%             | 2054-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                         | Embraer Netherlands Finance BV                                                    | CUSIP: 29082HAD4<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |   2343000 | PA      | $2510627.59   | 0.11%             | 2030-07-28      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds          | Colombia Government International Bonds                                           | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   1792000 | PA      | $1506641.92   | 0.06%             | 2031-04-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| COMMSCOPE LLC                                    | CommScope LLC                                                                     | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |   4218000 | PA      | $4095888.90   | 0.18%             | 2029-09-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| GENERAL ELECTRIC CO                              | General Electric Co.                                                              | CUSIP: 369604BH5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   3922000 | PA      | $3465652.59   | 0.15%             | 2044-03-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                   | NCR Voyix Corp.                                                                   | CUSIP: 62886EAY4<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    695000 | PA      | $683638.14    | 0.03%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CROWDSTRIKE HOLDINGS INC                         | Crowdstrike Holdings, Inc.                                                        | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |    583000 | PA      | $545640.31    | 0.02%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19707500 | PA      | $18037751.32  | 0.77%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                      | Hertz Vehicle Financing III LLC                                                   | CUSIP: 42806MCA5<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |   6630000 | PA      | $6723053.38   | 0.29%             | 2028-02-25      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                         | AerCap Ireland Capital DAC/AerCap Global Aviation Trust                           | CUSIP: 00774MBM6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   2097000 | PA      | $2045171.85   | 0.09%             | 2034-09-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                          | Royal Caribbean Cruises Ltd.                                                      | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |   2263000 | PA      | $2288431.59   | 0.10%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                            | Micron Technology, Inc.                                                           | CUSIP: 595112CD3<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   4668000 | PA      | $4764106.37   | 0.20%             | 2031-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare Receivables Funding LLC                                          | CUSIP: 82652QAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    649630 | PA      | $640107.98    | 0.03%             | 2037-11-20      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| Wellfleet CLO Ltd                                | Wellfleet CLO Ltd.                                                                | CUSIP: 94950NAS1<br>LEI: 254900IGQ7EODCWHCM84 | Long             | ABS-CBDO         | CORP              | KY        |   5000000 | PA      | $5007170.00   | 0.21%             | 2032-07-20      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                               | BMW U.S. Capital LLC                                                              | CUSIP: 05565EAH8<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   2036000 | PA      | $2012313.97   | 0.09%             | 2026-04-11      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                               | Dominican Republic International Bonds                                            | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    782000 | PA      | $722802.60    | 0.03%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5528000 | PA      | $5433851.25   | 0.23%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Emerson Electric Co                              | Emerson Electric Co.                                                              | CUSIP: 29101AWP5<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | STIV             | CORP              | US        |  19000000 | PA      | $18876310.00  | 0.81%             | 2025-09-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CHC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7101300 | PA      | $6709896.30   | 0.29%             | 2033-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                                       | MFA Trust                                                                         | CUSIP: 55283QAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2486939 | PA      | $2254974.49   | 0.10%             | 2060-07-25      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| UZBEK INDUSTRIAL AND CON                         | Uzbek Industrial & Construction Bank ATB                                          | CUSIP: 917935AA6<br>LEI: 213800C2NIFPFTXYIU69 | Long             | DBT              | CORP              | UZ        |   5250000 | PA      | $5553828.05   | 0.24%             | 2029-07-24      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| TAKEDA US FIN                                    | Takeda U.S. Financing, Inc.                                                       | CUSIP: 87406BAA0<br>LEI: 254900ZGPIBGBZ2N3A33 | Long             | DBT              | CORP              | US        |   4298000 | PA      | $4281876.53   | 0.18%             | 2035-07-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CKC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9281000 | PA      | $9389399.20   | 0.40%             | 2031-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Sec Trust    | JPMorgan Chase Commercial Mortgage Securities Trust                               | CUSIP: 46652BBG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2675000 | PA      | $1792303.50   | 0.08%             | 2037-01-16      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                     | Broadcom, Inc.                                                                    | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   5567000 | PA      | $4672789.83   | 0.20%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd                               | Macquarie Bank Ltd.                                                               | CUSIP: 55607KWA0<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |   1400000 | PA      | $1392954.22   | 0.06%             | 2025-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CLD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7714000 | PA      | $7740818.18   | 0.33%             | 2031-07-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810QA9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  34622000 | PA      | $30963698.91  | 1.32%             | 2039-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare Receivables Funding LLC                                          | CUSIP: 826935AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    987180 | PA      | $992733.03    | 0.04%             | 2043-01-20      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Bausch Health Cos Inc                            | Bausch Health Cos., Inc.                                                          | CUSIP: 071734AD9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    617000 | PA      | $539103.75    | 0.02%             | 2028-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA                                 | ArcelorMittal SA                                                                  | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |   4541000 | PA      | $4720317.14   | 0.20%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                            | Amrize Finance U.S. LLC                                                           | CUSIP: 43475RAD8<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   2567000 | PA      | $2589246.96   | 0.11%             | 2035-04-07      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                            | Truist Financial Corp.                                                            | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   6379000 | PA      | $6381129.76   | 0.27%             | 2034-01-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                           | Philip Morris International, Inc.                                                 | CUSIP: 718172DQ9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   4786000 | PA      | $4722909.75   | 0.20%             | 2034-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                         | Huntington Ingalls Industries, Inc.                                               | CUSIP: 446413AZ9<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |   5843000 | PA      | $5416929.20   | 0.23%             | 2028-08-16      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Federal Home Loan Mortgage Corp.                                                  | CUSIP: 3132DWHT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  13808657 | PA      | $13767859.89  | 0.59%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3665200 | PA      | $3633129.50   | 0.16%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Mainbeach Funding LLC                            | Mainbeach Funding LLC                                                             | CUSIP: 56037BV43<br>LEI: 635400CWJW29VERCBI90 | Long             | STIV             | CORP              | IE        |  12250000 | PA      | $12244090.60  | 0.52%             | 2025-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                     | Barclays PLC                                                                      | CUSIP: 06738ECC7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   7197000 | PA      | $7239947.45   | 0.31%             | 2026-11-02      | Fixed         | 7.33%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                              | Intesa Sanpaolo SpA                                                               | CUSIP: 46115HBV8<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   3791000 | PA      | $4405606.47   | 0.19%             | 2033-11-21      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LKQ CORP                                         | LKQ Corp.                                                                         | CUSIP: 501889AF6<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |   1703000 | PA      | $1779833.09   | 0.08%             | 2033-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                            | Truist Financial Corp.                                                            | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1641000 | PA      | $1771353.77   | 0.08%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| NCR VOYIX CORP                                   | NCR Voyix Corp.                                                                   | CUSIP: 62886EBA5<br>LEI: 549300YKTY8JX1DV2R67 | Long             | DBT              | CORP              | US        |    584000 | PA      | $572333.90    | 0.02%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                      | Hertz Vehicle Financing III LP                                                    | CUSIP: 42806MAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6890000 | PA      | $6620511.43   | 0.28%             | 2027-12-27      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                                  | Venture 44 CLO Ltd.                                                               | CUSIP: 92332KAQ4<br>LEI: 5493005RF0X3GB54HH60 | Long             | ABS-CBDO         | CORP              | KY        |   5400000 | PA      | $5377131.00   | 0.23%             | 2034-10-20      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14038000 | PA      | $9764635.43   | 0.42%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810RU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5220000 | PA      | $3799385.14   | 0.16%             | 2046-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                  | Fair Isaac Corp.                                                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   1527000 | PA      | $1534170.14   | 0.07%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Hin Timeshare Trust                              | HINNT LLC                                                                         | CUSIP: 40472QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1688392 | PA      | $1702614.18   | 0.07%             | 2043-03-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                           | Verizon Communications, Inc.                                                      | CUSIP: 92343VGH1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2450000 | PA      | $2315710.60   | 0.10%             | 2028-03-22      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810TV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4585000 | PA      | $4475927.16   | 0.19%             | 2053-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                               | CUSIP: 64829GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    213546 | PA      | $205697.55    | 0.01%             | 2035-11-26      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER                          | Laboratory Corp. of America Holdings                                              | CUSIP: 50540RAW2<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |   1797000 | PA      | $1683484.71   | 0.07%             | 2029-12-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                            | Foundry JV Holdco LLC                                                             | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   4081000 | PA      | $4120696.58   | 0.18%             | 2034-01-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CLZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10581000 | PA      | $10599599.39  | 0.45%             | 2031-11-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                | Citigroup Mortgage Loan Trust, Inc.                                               | CUSIP: 17324VAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    147142 | PA      | $141433.33    | 0.01%             | 2042-09-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810TQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2143000 | PA      | $1897643.24   | 0.08%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd                            | KKR CLO 15 Ltd.                                                                   | CUSIP: 48251MBA3<br>LEI: 549300K434Q30JZAS486 | Long             | ABS-CBDO         | CORP              | KY        |   4408965 | PA      | $4408858.83   | 0.19%             | 2032-01-18      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                           | Bunge Ltd. Finance Corp.                                                          | CUSIP: 120568BH2<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   5125000 | PA      | $5152360.68   | 0.22%             | 2027-04-21      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MARKEL GROUP INC                                 | Markel Group, Inc.                                                                | CUSIP: 570535AT1<br>LEI: 549300SCNO12JLWIK605 | Long             | DBT              | CORP              | US        |    660000 | PA      | $572856.87    | 0.02%             | 2049-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                           | Aviation Capital Group LLC                                                        | CUSIP: 05369AAA9<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1598000 | PA      | $1555123.69   | 0.07%             | 2027-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810SL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20949000 | PA      | $12141418.42  | 0.52%             | 2050-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust                                                         | CUSIP: 89173UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    866381 | PA      | $843815.78    | 0.04%             | 2057-06-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                                    | J.M. Smucker Co.                                                                  | CUSIP: 832696AY4<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |   2566000 | PA      | $2729040.97   | 0.12%             | 2043-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Accelerated Assets                               | Accelerated LLC                                                                   | CUSIP: 00439KAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1397369 | PA      | $1298372.24   | 0.06%             | 2040-10-20      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2124000 | PA      | $2161667.82   | 0.09%             | 2033-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CKT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2940000 | PA      | $3000292.96   | 0.13%             | 2029-05-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                                               | CUSIP: 912797QF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  11133000 | PA      | $11033378.58  | 0.47%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11931000 | PA      | $7724856.48   | 0.33%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                  | MVW LLC                                                                           | CUSIP: 55389TAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1292125 | PA      | $1229671.05   | 0.05%             | 2041-01-22      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| INVEST ENERGY RES LTD                            | Investment Energy Resources Ltd.                                                  | CUSIP: 46143NAB6<br>LEI: 254900A71Y7WHN7L5K89 | Long             | DBT              | CORP              | BM        |   1200000 | PA      | $1178175.42   | 0.05%             | 2029-04-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WEYERHAEUSER CO                                  | Weyerhaeuser Co.                                                                  | CUSIP: 962166BY9<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              |  | US        |   3472000 | PA      | $3381221.50   | 0.14%             | 2030-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                             | COPT Defense Properties LP                                                        | CUSIP: 22003BAN6<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              |  | US        |    822000 | PA      | $750555.32    | 0.03%             | 2029-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: —       |
| State Street Global Advisors                     | State Street Navigator Securities Lending Government Money Market Portfolio       | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |  14668465 | NS      | $14668465.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CCS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18305000 | PA      | $15565685.31  | 0.67%             | 2031-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14562200 | PA      | $14529776.39  | 0.62%             | 2032-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                 | T-Mobile USA, Inc.                                                                | CUSIP: 87264ADF9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   4721000 | PA      | $4749731.86   | 0.20%             | 2034-04-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                         | Vantage Data Centers Issuer LLC                                                   | CUSIP: 92212KAB2<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |   5085000 | PA      | $5061348.65   | 0.22%             | 2045-09-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810QX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26674000 | PA      | $20201387.19  | 0.86%             | 2042-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                    | ZF North America Capital, Inc.                                                    | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   2236000 | PA      | $2086463.92   | 0.09%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 9128282A7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7676000 | PA      | $7469887.43   | 0.32%             | 2026-08-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust                     | MetLife Securitization Trust                                                      | CUSIP: 59166EAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215117 | PA      | $211365.77    | 0.01%             | 2058-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                              | NCL Corp. Ltd.                                                                    | CUSIP: 62886HBA8<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    429000 | PA      | $429773.06    | 0.02%             | 2026-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CLOVERIE PLC ZURICH INS                          | Cloverie PLC for Zurich Insurance Co. Ltd.                                        | CUSIP: 000000000<br>LEI: 5493002N598MXOKUEF55 | Long             | DBT              | CORP              | IE        |   6682000 | PA      | $6700475.73   | 0.29%             | 2046-06-24      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Hin Timeshare Trust                              | HINNT LLC                                                                         | CUSIP: 40472QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1318180 | PA      | $1333130.47   | 0.06%             | 2043-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                           | GE HealthCare Technologies, Inc.                                                  | CUSIP: 36266GAA5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   2774000 | PA      | $2805705.88   | 0.12%             | 2029-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                         | JBS USA Holding Lux SARL/JBS USA Foods Group Holdings, Inc./JBS USA Food Co.      | CUSIP: 472140AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6061000 | PA      | $6036331.73   | 0.26%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                | Brown & Brown, Inc.                                                               | CUSIP: 115236AM3<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   4804000 | PA      | $4856324.35   | 0.21%             | 2035-06-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| 20 TSQ GroundCo LLC                              | 20 Times Square Trust                                                             | CUSIP: 90137LAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2550000 | PA      | $2371500.00   | 0.10%             | 2035-05-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                          | Dell International LLC/EMC Corp.                                                  | CUSIP: 24703DBQ3<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   4856000 | PA      | $4692325.90   | 0.20%             | 2035-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                          | Goldman Sachs Group, Inc.                                                         | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5960000 | PA      | $5249633.38   | 0.22%             | 2032-10-21      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Federal National Mortgage Association                                             | CUSIP: 3140XKUQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6447032 | PA      | $6316181.18   | 0.27%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                      | Cargill, Inc.                                                                     | CUSIP: 141781CD4<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |   3579000 | PA      | $3600973.27   | 0.15%             | 2035-02-11      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                              | Medline Borrower LP                                                               | CUSIP: 62482BAA0<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1483000 | PA      | $1414300.17   | 0.06%             | 2029-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Freddiemac Strip                                 | Federal Home Loan Mortgage Corp., Interest Only STRIPS                            | CUSIP: 31282YDS5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    259870 | PA      | $34159.78     | 0.00%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN                           | Republic of Uzbekistan International Bonds                                        | CUSIP: 91822Q2E6<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |   3049000 | PA      | $2703209.04   | 0.12%             | 2031-10-19      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                                    | Allstate Corp.                                                                    | CUSIP: 020002BL4<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |   6194000 | PA      | $6315672.33   | 0.27%             | 2029-06-24      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                        | Amgen, Inc.                                                                       | CUSIP: 031162DA5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2919000 | PA      | $2090142.97   | 0.09%             | 2041-08-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                           | UnitedHealth Group, Inc.                                                          | CUSIP: 91324PEX6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   3167000 | PA      | $2760711.65   | 0.12%             | 2063-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT Mortgage Loan Trust                                                          | CUSIP: 19685AAA7<br>LEI: 213800AWBXHFGYDU9Q16 | Long             | ABS-MBS          | CORP              | US        |  10409474 | PA      | $10339820.72  | 0.44%             | 2069-08-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                              | NuStar Logistics LP                                                               | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    350000 | PA      | $351101.10    | 0.02%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Residential Asset Securitization Trust           | Residential Asset Securitization Trust                                            | CUSIP: 45660NK46<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1053145 | PA      | $1009450.27   | 0.04%             | 2034-08-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                             | M&T Bank Corp.                                                                    | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1872000 | PA      | $2026177.26   | 0.09%             | 2029-10-30      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                           | Aviation Capital Group LLC                                                        | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   2035000 | PA      | $2006501.37   | 0.09%             | 2026-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| IVORY COAST                                      | Ivory Coast Government International Bonds                                        | CUSIP: 221625AU0<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |   5813000 | PA      | $5745095.91   | 0.25%             | 2037-01-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6526000 | PA      | $6312885.31   | 0.27%             | 2044-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CKF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16059000 | PA      | $16137413.05  | 0.69%             | 2031-03-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                               | CUSIP: 64829JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1086392 | PA      | $1050488.20   | 0.04%             | 2057-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                                      | Equifax, Inc.                                                                     | CUSIP: 294429AV7<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |   2473000 | PA      | $2501887.01   | 0.11%             | 2027-12-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC/HAT                           | HAT Holdings I LLC/HAT Holdings II LLC                                            | CUSIP: 418751AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3511000 | PA      | $3444045.23   | 0.15%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                              | Georgia-Pacific LLC                                                               | CUSIP: 37331NAT8<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |   2457000 | PA      | $2473802.07   | 0.11%             | 2032-06-30      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                           | PNC Financial Services Group, Inc.                                                | CUSIP: 693475BS3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3678000 | PA      | $3878216.71   | 0.17%             | 2034-08-18      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd                                 | Symphony CLO XVIII Ltd.                                                           | CUSIP: 87154GEY7<br>LEI: 549300JQYSBIW1AM8R32 | Long             | ABS-CBDO         | CORP              | KY        |   4359713 | PA      | $4352240.50   | 0.19%             | 2033-07-23      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                          | GLP Capital LP/GLP Financing II, Inc.                                             | CUSIP: 361841AP4<br>LEI: N/A                  | Long             | DBT              |  | US        |   2499000 | PA      | $2390229.03   | 0.10%             | 2030-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                  | CVS Health Corp.                                                                  | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   4579000 | PA      | $4711058.36   | 0.20%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co.                                                                 | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4306000 | PA      | $4408546.23   | 0.19%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                           | Philip Morris International, Inc.                                                 | CUSIP: 718172BL2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   4025000 | PA      | $3380934.51   | 0.14%             | 2044-11-10      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                     | Synopsys, Inc.                                                                    | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   2408000 | PA      | $2416548.09   | 0.10%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX Trust                                                                         | CUSIP: 67120VAA3<br>LEI: 2549006BC0G3YEF5SL09 | Long             | ABS-MBS          | CORP              | US        |   4600537 | PA      | $4598168.17   | 0.20%             | 2064-11-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| ILPT Commercial Mortgage Trust                   | ILPT Trust                                                                        | CUSIP: 44965LAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1930000 | PA      | $1828264.30   | 0.08%             | 2041-02-11      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| MOSAIC CO                                        | Mosaic Co.                                                                        | CUSIP: 61945CAG8<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |   1464000 | PA      | $1448238.93   | 0.06%             | 2027-11-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare Receivables Funding LLC                                          | CUSIP: 82650BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1140741 | PA      | $1159440.39   | 0.05%             | 2040-04-20      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                        | Kroger Co.                                                                        | CUSIP: 501044DV0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |   3165000 | PA      | $3130821.86   | 0.13%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                            | Amrize Finance U.S. LLC                                                           | CUSIP: 43475RAK2<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   1003000 | PA      | $859313.44    | 0.04%             | 2046-09-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                     | WP Carey, Inc.                                                                    | CUSIP: 92936UAM1<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |   3127000 | PA      | $3143300.02   | 0.13%             | 2034-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                             | COPT Defense Properties LP                                                        | CUSIP: 22003BAL0<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              |  | US        |   1833000 | PA      | $1801011.22   | 0.08%             | 2026-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| First National Master Note Trust                 | First National Master Note Trust                                                  | CUSIP: 32113CBV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  14450000 | PA      | $14510418.34  | 0.62%             | 2029-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS                           | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico         | CUSIP: 05533UAG3<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |   4265000 | PA      | $4206803.05   | 0.18%             | 2034-09-13      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| 321 Henderson Receivables LLC                    | 321 Henderson Receivables VI LLC                                                  | CUSIP: 88576XAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    361961 | PA      | $362335.56    | 0.02%             | 2059-07-15      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                 | LPL Holdings, Inc.                                                                | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   2937000 | PA      | $2847243.17   | 0.12%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                                    | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   3460000 | PA      | $3503547.73   | 0.15%             | 2035-07-19      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810SH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6126000 | PA      | $4338691.66   | 0.19%             | 2049-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| IHS MAURITIUS NG HOLDCO                          | IHS Netherlands Holdco BV                                                         | CUSIP: 44963LAC0<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |   1357764 | PA      | $1363565.39   | 0.06%             | 2027-09-18      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                                   | Pikes Peak CLO 4                                                                  | CUSIP: 72132WAN9<br>LEI: 2549002NRPBIF0UZPU88 | Long             | ABS-CBDO         | CORP              | KY        |   4395000 | PA      | $4395026.37   | 0.19%             | 2034-07-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX Trust                                                                         | CUSIP: 67118XAA3<br>LEI: 254900LMIQVUH9BFZJ05 | Long             | ABS-MBS          | CORP              | US        |   3008961 | PA      | $3038287.30   | 0.13%             | 2064-02-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                    | Carnival Corp.                                                                    | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1877000 | PA      | $1889707.29   | 0.08%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust                                                         | CUSIP: 89176VAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    337213 | PA      | $332789.39    | 0.01%             | 2058-07-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                            | Bausch Health Cos., Inc.                                                          | CUSIP: 071734AK3<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    520000 | PA      | $377000.00    | 0.02%             | 2029-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| Avis Budget Rental Car Funding AESOP LLC         | Avis Budget Rental Car Funding AESOP LLC                                          | CUSIP: 05377RHY3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   6610000 | PA      | $6763821.97   | 0.29%             | 2030-06-20      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                            | Foundry JV Holdco LLC                                                             | CUSIP: 350930AG8<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   3633000 | PA      | $3733364.97   | 0.16%             | 2033-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                         | Volkswagen Group of America Finance LLC                                           | CUSIP: 928668BN1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2488000 | PA      | $2319065.52   | 0.10%             | 2027-11-24      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                          | Dryden 80 CLO Ltd.                                                                | CUSIP: 26245JAQ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3259963 | PA      | $3260168.55   | 0.14%             | 2033-01-17      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC      | BBCMS Mortgage Trust                                                              | CUSIP: 05548WAJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $689688.30    | 0.03%             | 2037-03-15      | Floating      | 6.98%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare Receivables Funding LLC                                          | CUSIP: 82653HAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1280000 | PA      | $1283163.26   | 0.05%             | 2044-04-20      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT Mortgage Loan Trust                                                          | CUSIP: 19688WAA6<br>LEI: 213800KKXAZ8LJ3W5A65 | Long             | ABS-MBS          | CORP              | US        |   4905383 | PA      | $4930242.94   | 0.21%             | 2069-07-25      | Variable      | 5.95%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                        | ONEOK, Inc.                                                                       | CUSIP: 682680BG7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   4665000 | PA      | $4932163.62   | 0.21%             | 2032-11-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                 | BAT Capital Corp.                                                                 | CUSIP: 05526DCC7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   5675000 | PA      | $5764387.27   | 0.25%             | 2035-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                         | Aptiv Swiss Holdings Ltd.                                                         | CUSIP: 00217GAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |   1867000 | PA      | $1667793.21   | 0.07%             | 2032-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SENSATA TECH INC                                 | Sensata Technologies, Inc.                                                        | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   2676000 | PA      | $2560673.23   | 0.11%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL                         | United Wholesale Mortgage LLC                                                     | CUSIP: 91153LAA5<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   4725000 | PA      | $4724031.85   | 0.20%             | 2025-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                     | Calpine Corp.                                                                     | CUSIP: 131347CR5<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |   6168000 | PA      | $5798894.54   | 0.25%             | 2031-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                 | LPL Holdings, Inc.                                                                | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1901000 | PA      | $1932146.82   | 0.08%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                               | Expand Energy Corp.                                                               | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |   1472000 | PA      | $1473554.17   | 0.06%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| EATON CAPITAL ULC                                | Eaton Capital ULC                                                                 | CUSIP: 27806HAA9<br>LEI: 549300OLS85LSODKAF64 | Long             | DBT              | CORP              | IE        |   1955000 | PA      | $1953877.32   | 0.08%             | 2030-05-09      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORPORATION                          | Exxon Mobil Corp.                                                                 | CUSIP: 30231GAT9<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   2580000 | PA      | $2559598.39   | 0.11%             | 2026-03-01      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                          | Bristol-Myers Squibb Co.                                                          | CUSIP: 110122EL8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1539000 | PA      | $1486560.84   | 0.06%             | 2064-02-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12164000 | PA      | $11796229.00  | 0.50%             | 2044-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| 280 Park Avenue Mortgage Trust                   | 280 Park Avenue Mortgage Trust                                                    | CUSIP: 90205FAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4630000 | PA      | $4479525.00   | 0.19%             | 2034-09-15      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Emerson Electric Co                              | Emerson Electric Co.                                                              | CUSIP: 29101AVJ0<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | STIV             | CORP              | US        |   2950000 | PA      | $2943620.92   | 0.13%             | 2025-08-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                               | Ingersoll Rand, Inc.                                                              | CUSIP: 45687VAF3<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |   2846000 | PA      | $2924680.15   | 0.13%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp.                                                             | CUSIP: 06051GLS6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   8985000 | PA      | $9334450.55   | 0.40%             | 2029-09-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                 | Duke Energy Corp.                                                                 | CUSIP: 26441CBW4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1288000 | PA      | $1305727.93   | 0.06%             | 2027-12-08      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                               | Meta Platforms, Inc.                                                              | CUSIP: 30303M8M7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   3709000 | PA      | $3800112.29   | 0.16%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                              | NuStar Logistics LP                                                               | CUSIP: 67059TAE5<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |   3036000 | PA      | $3051373.36   | 0.13%             | 2027-04-28      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VERALTO CORP                                     | Veralto Corp.                                                                     | CUSIP: 92338CAF0<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |   2694000 | PA      | $2765950.62   | 0.12%             | 2033-09-18      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                         | Hilton Domestic Operating Co., Inc.                                               | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   4057000 | PA      | $3864750.62   | 0.17%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                      | CUSIP: 902613BQ0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   7015000 | PA      | $7144780.45   | 0.31%             | 2036-05-09      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                  | MVW LLC                                                                           | CUSIP: 55400DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    241970 | PA      | $238515.17    | 0.01%             | 2038-10-20      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| Barton Capital SA                                | Barton Capital SA                                                                 | CUSIP: 06945LVD7<br>LEI: 549300KOFKIMD0C37W24 | Long             | STIV             | CORP              | US        |   8700000 | PA      | $8686286.19   | 0.37%             | 2025-08-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lexington Parker Capital Co LLC                  | Lexington Parker Capital Co. LLC                                                  | CUSIP: 52953AVK8<br>LEI: 5493005MSQJBO8BDMA02 | Long             | STIV             | CORP              | US        |  21000000 | PA      | $20951561.40  | 0.90%             | 2025-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                          | Light & Wonder International, Inc.                                                | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    796000 | PA      | $817409.22    | 0.03%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX Trust                                                                         | CUSIP: 67119XAC8<br>LEI: 254900C7ZCEHM7Y5MX79 | Long             | ABS-MBS          | CORP              | US        |   5205900 | PA      | $5163200.56   | 0.22%             | 2064-09-25      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                  | BRAVO Residential Funding Trust                                                   | CUSIP: 105698AC8<br>LEI: 254900T3YTF92WA96N66 | Long             | ABS-MBS          | CORP              | US        |   4848663 | PA      | $4848717.43   | 0.21%             | 2064-10-27      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                           | Marriott International, Inc.                                                      | CUSIP: 571903BH5<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   2529000 | PA      | $2147151.04   | 0.09%             | 2033-10-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: —       |
| GENERAL MOTORS CO                                | General Motors Co.                                                                | CUSIP: 37045VBC3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    806000 | PA      | $819085.05    | 0.04%             | 2028-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                         | Corp. Financiera de Desarrollo SA                                                 | CUSIP: 21987DAH7<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |   2400000 | PA      | $2426160.00   | 0.10%             | 2030-05-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                          | Goldman Sachs Group, Inc.                                                         | CUSIP: 38141GC51<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3261000 | PA      | $3274708.46   | 0.14%             | 2056-01-28      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3423000 | PA      | $3077223.53   | 0.13%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MX REMIT FUND FIDUC EST                          | Mexico Remittances Funding Fiduciary Estate Management SARL                       | CUSIP: 593035AB4<br>LEI: 54930007WQ6S3GFCM563 | Long             | DBT              | CORP              | LU        |   6194000 | PA      | $6239835.60   | 0.27%             | 2031-10-15      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Federal National Mortgage Association                                             | CUSIP: 3140QUVB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9376677 | PA      | $9507691.32   | 0.41%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC      | BBCMS Mortgage Trust                                                              | CUSIP: 05548WAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7065000 | PA      | $6431221.46   | 0.27%             | 2037-03-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                | GXO Logistics, Inc.                                                               | CUSIP: 36262GAD3<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   8569000 | PA      | $7467485.56   | 0.32%             | 2031-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                         | AerCap Ireland Capital DAC/AerCap Global Aviation Trust                           | CUSIP: 00774MAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   3793000 | PA      | $3785249.88   | 0.16%             | 2026-04-03      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER                          | Laboratory Corp. of America Holdings                                              | CUSIP: 50540RBB7<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |   4308000 | PA      | $4190439.38   | 0.18%             | 2034-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                    | Boeing Co.                                                                        | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   3612000 | PA      | $3931330.35   | 0.17%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| General Motors Co                                | General Motors Co.                                                                | CUSIP: 37045VAF7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   2887000 | PA      | $2860242.97   | 0.12%             | 2043-10-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                            | Bausch Health Cos., Inc.                                                          | CUSIP: 071734AJ6<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |   3400000 | PA      | $2186778.00   | 0.09%             | 2030-01-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ASP UNIFRAX HOLDINGS INC                         | ASP Unifrax Holdings, Inc.                                                        | CUSIP: 00218LAH4<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |    513282 | PA      | $265623.44    | 0.01%             | 2029-09-30      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                 | CSC Holdings LLC                                                                  | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2454000 | PA      | $1634781.03   | 0.07%             | 2031-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX Trust                                                                         | CUSIP: 67448NAA6<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |   1472114 | PA      | $1477994.85   | 0.06%             | 2064-01-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                            | Tenet Healthcare Corp.                                                            | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   2510000 | PA      | $2499843.03   | 0.11%             | 2027-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare Receivables Funding LLC                                          | CUSIP: 82653HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2700000 | PA      | $2705431.05   | 0.12%             | 2044-04-20      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds, Principal Only STRIPS                                        | CUSIP: 912803GK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9642000 | PA      | $2523175.06   | 0.11%             | 2052-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                         | Western Midstream Operating LP                                                    | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   3673000 | PA      | $3831103.04   | 0.16%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd                                      | Nutrien Ltd.                                                                      | CUSIP: 67077MAT5<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |   3845000 | PA      | $3798605.69   | 0.16%             | 2029-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                            | Genesis Energy LP/Genesis Energy Finance Corp.                                    | CUSIP: 37185LAR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4187000 | PA      | $4340901.56   | 0.19%             | 2033-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                               | CUSIP: 64830TAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3380755 | PA      | $3151947.95   | 0.13%             | 2059-10-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                           | Pacific Gas & Electric Co.                                                        | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   2244000 | PA      | $1959127.54   | 0.08%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                            | Venture Global Plaquemines LNG LLC                                                | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   2210000 | PA      | $2273439.29   | 0.10%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                  | CVS Health Corp.                                                                  | CUSIP: 126650EE6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2984000 | PA      | $2939033.90   | 0.13%             | 2044-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10570000 | PA      | $8988215.99   | 0.38%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| BXG Receivables Note Trust                       | BXG Receivables Note Trust                                                        | CUSIP: 123919AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1953407 | PA      | $1979253.79   | 0.08%             | 2038-11-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION INSURC INC                         | Constellation Insurance, Inc.                                                     | CUSIP: 67740QAH9<br>LEI: 549300K609B872PZT291 | Long             | DBT              | CORP              | US        |   8154000 | PA      | $8042322.33   | 0.34%             | 2030-01-24      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CLK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2654000 | PA      | $2624246.17   | 0.11%             | 2029-08-31      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust                                                         | CUSIP: 89177BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4769813 | PA      | $4616012.47   | 0.20%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Iron Mountain Inc                                | Iron Mountain, Inc.                                                               | CUSIP: 46284VAE1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |   5152000 | PA      | $5125778.38   | 0.22%             | 2028-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                               | CUSIP: 64828MAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    360169 | PA      | $347852.38    | 0.01%             | 2057-04-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust           | Merrill Lynch Mortgage Investors Trust                                            | CUSIP: 59020U5U5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    558660 | PA      | $306931.53    | 0.01%             | 2036-03-25      | Variable      | 4.61%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                           | GE HealthCare Technologies, Inc.                                                  | CUSIP: 36266GAC1<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   2159000 | PA      | $2203796.81   | 0.09%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC Trust                                                                        | CUSIP: 12661GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2759143 | PA      | $2422703.56   | 0.10%             | 2060-01-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| OCTAGON INVESTMENT PARTNERS 40, LTD.             | Octagon Investment Partners 40 Ltd.                                               | CUSIP: 67592BBE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   7250000 | PA      | $7230635.25   | 0.31%             | 2035-01-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                     | Synopsys, Inc.                                                                    | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1700994.80   | 0.07%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank PLC                                  | Lloyds Bank PLC                                                                   | CUSIP: 53943RZF9<br>LEI: H7FNTJ4851HG0EXQ1Z70 | Long             | STIV             | CORP              | GB        |   6000000 | PA      | $5899792.20   | 0.25%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                       | FIXED INC CLEARING CORP.REPO                                                      | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  41872215 | PA      | $41872215.01  | 1.79%             |  |  |  | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                     | Novelis Corp.                                                                     | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    236000 | PA      | $232173.57    | 0.01%             | 2026-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                       | Fiserv, Inc.                                                                      | CUSIP: 337738BD9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   3450000 | PA      | $3526118.76   | 0.15%             | 2028-03-02      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                      | BNP Paribas SA                                                                    | CUSIP: 05565AS20<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   6095000 | PA      | $6560024.12   | 0.28%             | 2027-11-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                            | Keysight Technologies, Inc.                                                       | CUSIP: 49338LAE3<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |   3064000 | PA      | $3067417.77   | 0.13%             | 2027-04-06      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust Llc                          | SCF Equipment Trust LLC                                                           | CUSIP: 78437DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5100000 | PA      | $5189501.43   | 0.22%             | 2033-11-21      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust               | Alternative Loan Trust                                                            | CUSIP: 12667GCH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    453986 | PA      | $422759.73    | 0.02%             | 2035-05-25      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Federal National Mortgage Association                                             | CUSIP: 3140XKTV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5734254 | PA      | $5607667.50   | 0.24%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                         | Corebridge Financial, Inc.                                                        | CUSIP: 21871XAS8<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   2219000 | PA      | $2303060.05   | 0.10%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC                            | Arrow Electronics, Inc.                                                           | CUSIP: 04273WAE1<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   1674000 | PA      | $1721417.51   | 0.07%             | 2034-04-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                            | United Parcel Service, Inc.                                                       | CUSIP: 911312CJ3<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   2418000 | PA      | $2457478.37   | 0.11%             | 2035-05-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810SD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5566000 | PA      | $4067745.85   | 0.17%             | 2048-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                             | Cleveland-Cliffs, Inc.                                                            | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   3041000 | PA      | $3042450.56   | 0.13%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                  | MVW LLC                                                                           | CUSIP: 55400WAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2194733 | PA      | $2236310.12   | 0.10%             | 2040-11-20      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                               | RGA Global Funding                                                                | CUSIP: 76209PAF0<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   6123000 | PA      | $6147742.19   | 0.26%             | 2031-12-06      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                         | Virgin Media Secured Finance PLC                                                  | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   2800000 | PA      | $2603602.96   | 0.11%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | Citigroup, Inc.                                                                   | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1849000 | PA      | $1933613.36   | 0.08%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| RENAISSANCERE HOLDINGS L                         | RenaissanceRe Holdings Ltd.                                                       | CUSIP: 75968NAG6<br>LEI: EK6GB9U3U58PDI411C94 | Long             | DBT              | CORP              | BM        |    964000 | PA      | $990759.07    | 0.04%             | 2035-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Federal National Mortgage Association                                             | CUSIP: 3140XKP38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6750682 | PA      | $6732443.57   | 0.29%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                                 | Vital Energy, Inc.                                                                | CUSIP: 516806AH9<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |   2937000 | PA      | $2672358.97   | 0.11%             | 2029-07-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| Banc of America Merrill Lynch Large Loan Inc     | BAMLL Commercial Mortgage Securities Trust                                        | CUSIP: 05492PAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3970000 | PA      | $3630102.10   | 0.16%             | 2032-11-05      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                     | Drive Auto Receivables Trust                                                      | CUSIP: 26207AAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5700000 | PA      | $5681705.85   | 0.24%             | 2032-05-17      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2540000 | PA      | $2430958.59   | 0.10%             | 2054-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Federal National Mortgage Association                                             | CUSIP: 3140XPDG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10443610 | PA      | $10198786.77  | 0.44%             | 2054-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co.                                                              | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1568000 | PA      | $1644489.74   | 0.07%             | 2035-04-22      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                         | Avolon Holdings Funding Ltd.                                                      | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   5581000 | PA      | $5745268.20   | 0.25%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                                    | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4782000 | PA      | $4898543.51   | 0.21%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Retained Vantage Data Centers Issuer, LLC        | Retained Vantage Data Centers Issuer LLC                                          | CUSIP: 76134KAH7<br>LEI: 254900N4NW6XZ9B4HM15 | Long             | ABS-O            | CORP              | US        |   8500000 | PA      | $8351511.80   | 0.36%             | 2049-09-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5009000 | PA      | $4026179.40   | 0.17%             | 2053-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810SY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29138000 | PA      | $20982774.68  | 0.90%             | 2041-05-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Cisco Systems Inc                                | Cisco Systems, Inc.                                                               | CUSIP: 17277AV12<br>LEI: 549300LKFJ962MZ46593 | Long             | STIV             | CORP              | US        |    500000 | PA      | $499940.25    | 0.02%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                            | Keysight Technologies, Inc.                                                       | CUSIP: 49338LAG8<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |   1680000 | PA      | $1651278.15   | 0.07%             | 2034-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                           | Mauser Packaging Solutions Holding Co.                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   2309000 | PA      | $2329148.33   | 0.10%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Battalion CLO LTD                                | Battalion CLO XXI Ltd.                                                            | CUSIP: 07134WAN3<br>LEI: 549300EOF4JL75TYXX49 | Long             | ABS-CBDO         | CORP              | KY        |   3675000 | PA      | $3674900.78   | 0.16%             | 2034-07-15      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                          | GSR Mortgage Loan Trust                                                           | CUSIP: 3622NAAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    136631 | PA      | $60509.02     | 0.00%             | 2037-05-25      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                         | Charter Communications Operating LLC/Charter Communications Operating Capital     | CUSIP: 161175BS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3926000 | PA      | $3171822.90   | 0.14%             | 2049-07-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Viking Cruises Ltd                               | Viking Cruises Ltd.                                                               | CUSIP: 92676XAD9<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   5420000 | PA      | $5416501.93   | 0.23%             | 2027-09-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                              | General Electric Co.                                                              | CUSIP: 369604BZ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   2873000 | PA      | $2859292.11   | 0.12%             | 2030-07-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                               | CUSIP: 64830HAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2580789 | PA      | $2496477.23   | 0.11%             | 2059-02-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Venture CLO 43 Limited                           | Venture 43 CLO Ltd.                                                               | CUSIP: 92290CAR0<br>LEI: 549300OLN5VHTMLSN650 | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $3002847.00   | 0.13%             | 2034-04-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare Receivables Funding LLC                                          | CUSIP: 82653HAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1175000 | PA      | $1174996.24   | 0.05%             | 2044-04-20      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                   | Rocket Cos., Inc.                                                                 | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3180000 | PA      | $3243546.58   | 0.14%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                         | Sabine Pass Liquefaction LLC                                                      | CUSIP: 785592AZ9<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   2786000 | PA      | $2918597.83   | 0.12%             | 2037-09-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| GCAT                                             | GCAT Trust                                                                        | CUSIP: 36169HAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1933433 | PA      | $1936421.55   | 0.08%             | 2059-01-25      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| BXG Receivables Note Trust                       | BXG Receivables Note Trust                                                        | CUSIP: 05608TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    446487 | PA      | $426714.35    | 0.02%             | 2036-02-28      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates | CUSIP: 3137FAWS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5857000 | PA      | $5735227.70   | 0.25%             | 2027-07-25      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                         | Cheniere Energy Partners LP                                                       | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   1891000 | PA      | $1973883.80   | 0.08%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE SERVICE CORP                         | Health Care Service Corp. A Mutual Legal Reserve Co.                              | CUSIP: 42218SAM0<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |   1457000 | PA      | $1401331.72   | 0.06%             | 2054-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                 | Vmed O2 U.K. Financing I PLC                                                      | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $2312925.25   | 0.10%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                         | Canadian Pacific Railway Co.                                                      | CUSIP: 13645RBF0<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   7926000 | PA      | $6932700.60   | 0.30%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                           | Venture Global LNG, Inc.                                                          | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   4963000 | PA      | $5412543.58   | 0.23%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                  | MVW LLC                                                                           | CUSIP: 62848PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2375872 | PA      | $2382033.16   | 0.10%             | 2040-10-20      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22469000 | PA      | $21463161.28  | 0.92%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GROUP HOLDINGS                         | Fortitude Group Holdings LLC                                                      | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |   1778000 | PA      | $1822901.29   | 0.08%             | 2030-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                           | CHL Mortgage Pass-Through Trust                                                   | CUSIP: 126694YQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1204265 | PA      | $1073923.05   | 0.05%             | 2036-02-25      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                                   | ICG U.S. CLO Ltd.                                                                 | CUSIP: 449303AL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4497021.00   | 0.19%             | 2034-04-17      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Trust                 | IndyMac INDX Mortgage Loan Trust                                                  | CUSIP: 45669JAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    506168 | PA      | $355418.50    | 0.02%             | 2037-08-25      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                            | Bausch Health Cos., Inc.                                                          | CUSIP: 071734AM9<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    970000 | PA      | $688700.00    | 0.03%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                  | BRAVO Residential Funding Trust                                                   | CUSIP: 10569KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6704057 | PA      | $6740244.53   | 0.29%             | 2064-02-25      | Variable      | 6.29%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                         | Ford Motor Credit Co. LLC                                                         | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4543000 | PA      | $4520395.76   | 0.19%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                               | Banco Santander SA                                                                | CUSIP: 05964HBA2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2800000 | PA      | $2839581.72   | 0.12%             | 2028-03-14      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                               | CUSIP: 64828CAA7<br>LEI: 549300U1MV4J7YQZG974 | Long             | ABS-MBS          | CORP              | US        |    220606 | PA      | $216480.06    | 0.01%             | 2058-02-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare Receivables Funding LLC                                          | CUSIP: 82650DAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2068547 | PA      | $2078226.34   | 0.09%             | 2041-06-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2636000 | PA      | $2157504.21   | 0.09%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BOARDWALK PIPELINES LP                           | Boardwalk Pipelines LP                                                            | CUSIP: 096630AH1<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |   4707000 | PA      | $4348196.59   | 0.19%             | 2031-02-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                          | Hyundai Capital America                                                           | CUSIP: 44891ADX2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   6062000 | PA      | $6154623.42   | 0.26%             | 2032-06-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| VEGAS Trust                                      | VEGAS Trust                                                                       | CUSIP: 92254AAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11400000 | PA      | $11501132.82  | 0.49%             | 2039-11-10      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| MARKEL GROUP INC                                 | Markel Group, Inc.                                                                | CUSIP: 570535AY0<br>LEI: 549300SCNO12JLWIK605 | Long             | DBT              | CORP              | US        |   2519000 | PA      | $2508214.50   | 0.11%             | 2054-05-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                              | Cardinal Health, Inc.                                                             | CUSIP: 14149YBP2<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |   2368000 | PA      | $2423079.59   | 0.10%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3802000 | PA      | $3678137.99   | 0.16%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                         | Virgin Media Secured Finance PLC                                                  | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   5224000 | PA      | $5106716.24   | 0.22%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HEICO CORP                                       | HEICO Corp.                                                                       | CUSIP: 422806AB5<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |   4621000 | PA      | $4710933.44   | 0.20%             | 2033-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                               | Energy Transfer LP                                                                | CUSIP: 29278NAE3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4879000 | PA      | $4671384.69   | 0.20%             | 2048-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security                                                  | CUSIP: 01F052680<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  61224000 | PA      | $60899864.84  | 2.60%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co.                                                                 | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5095000 | PA      | $5257607.23   | 0.22%             | 2034-07-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding LLC               | Diamond Infrastructure Funding LLC                                                | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3375000 | PA      | $3204724.84   | 0.14%             | 2049-04-15      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                              | Petroleos Mexicanos                                                               | CUSIP: 71654QDH2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   2440000 | PA      | $2442508.32   | 0.10%             | 2025-10-16      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                              | Quanta Services, Inc.                                                             | CUSIP: 74762EAL6<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   1757000 | PA      | $1775453.95   | 0.08%             | 2034-08-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                   | Merck & Co., Inc.                                                                 | CUSIP: 58933YBM6<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   1472000 | PA      | $1338742.17   | 0.06%             | 2053-05-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 54 Ltd               | Octagon 54 Ltd.                                                                   | CUSIP: 67577FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2750000 | PA      | $2751449.25   | 0.12%             | 2034-07-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                      | Oracle Corp.                                                                      | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2909000 | PA      | $3190991.94   | 0.14%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC Trust                                                                        | CUSIP: 12657GAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2985476 | PA      | $2681106.01   | 0.11%             | 2060-10-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp.                                                             | CUSIP: 06051GMW6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   7396000 | PA      | $7567826.53   | 0.32%             | 2036-05-09      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                         | Vistra Operations Co. LLC                                                         | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2201000 | PA      | $2286942.45   | 0.10%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| INTUIT INC                                       | Intuit, Inc.                                                                      | CUSIP: 46124HAH9<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | DBT              | CORP              | US        |   1261000 | PA      | $1248555.73   | 0.05%             | 2053-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                     | Hilton Grand Vacations Trust                                                      | CUSIP: 43283YAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    662312 | PA      | $668479.07    | 0.03%             | 2039-09-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                            | Ellucian Holdings, Inc.                                                           | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |   1059000 | PA      | $1072783.94   | 0.05%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                  | MVW LLC                                                                           | CUSIP: 55389TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1624509 | PA      | $1556069.89   | 0.07%             | 2041-01-22      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                               | CUSIP: 64829KBV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3735490 | PA      | $3600708.96   | 0.15%             | 2057-03-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Accelerated Assets                               | Accelerated LLC                                                                   | CUSIP: 00439KAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    836899 | PA      | $751191.34    | 0.03%             | 2040-10-20      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                         | Builders FirstSource, Inc.                                                        | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    859000 | PA      | $840856.37    | 0.04%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust                                                         | CUSIP: 89170VAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3191215 | PA      | $3013285.24   | 0.13%             | 2062-07-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND ELECTRIC ILLUM                         | Cleveland Electric Illuminating Co.                                               | CUSIP: 186108CK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5099000 | PA      | $4935007.44   | 0.21%             | 2028-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                                | Expedia Group, Inc.                                                               | CUSIP: 30212PBL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4986000 | PA      | $5021305.82   | 0.21%             | 2035-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| INRETAIL CONSUMER                                | InRetail Consumer                                                                 | CUSIP: 45790TAB1<br>LEI: 254900BI1YXHZ31NSP51 | Long             | DBT              | CORP              | PE        |   3042000 | PA      | $2913577.41   | 0.12%             | 2028-03-22      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                  | MVW LLC                                                                           | CUSIP: 62847RAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2654518 | PA      | $2665905.68   | 0.11%             | 2043-02-20      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch Large Loan Inc     | BAMLL Commercial Mortgage Securities Trust                                        | CUSIP: 05492PAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4686417.00   | 0.20%             | 2032-11-05      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD                        | Anchorage Capital CLO 25 Ltd.                                                     | CUSIP: 03329WAG2<br>LEI: 5493004RXURZCE1LR038 | Long             | ABS-CBDO         | CORP              | KY        |   4400000 | PA      | $4403396.80   | 0.19%             | 2035-04-20      | Floating      | 6.68%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                           | PNC Financial Services Group, Inc.                                                | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    788000 | PA      | $817595.96    | 0.03%             | 2035-01-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust           | Santander Drive Auto Receivables Trust                                            | CUSIP: 80288DAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5900000 | PA      | $5957665.42   | 0.25%             | 2031-03-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                | GXO Logistics, Inc.                                                               | CUSIP: 36262GAG6<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   2249000 | PA      | $2360192.72   | 0.10%             | 2034-05-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16640700 | PA      | $17002115.20  | 0.73%             | 2035-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare Receivables Funding LLC                                          | CUSIP: 826943AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1765439 | PA      | $1771242.24   | 0.08%             | 2040-01-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                         | EQT Corp.                                                                         | CUSIP: 26884LAY5<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1161000 | PA      | $1195322.31   | 0.05%             | 2029-04-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                              | Gilead Sciences, Inc.                                                             | CUSIP: 375558CC5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   4043000 | PA      | $4071465.11   | 0.17%             | 2035-06-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 19-1AA PTT                          | American Airlines Pass-Through Trust                                              | CUSIP: 02377LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1329898 | PA      | $1220420.29   | 0.05%             | 2032-02-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC                             | Waste Management, Inc.                                                            | CUSIP: 94106LCA5<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |   2587000 | PA      | $2546720.75   | 0.11%             | 2029-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KLA CORP                                         | KLA Corp.                                                                         | CUSIP: 482480AL4<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |   3001000 | PA      | $3005718.65   | 0.13%             | 2032-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                              | Ashtead Capital, Inc.                                                             | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   3549000 | PA      | $3586997.12   | 0.15%             | 2033-05-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                     | Centene Corp.                                                                     | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   4221000 | PA      | $3800372.71   | 0.16%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS CO                              | Vulcan Materials Co.                                                              | CUSIP: 929160BC2<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |   3112000 | PA      | $3159740.91   | 0.14%             | 2034-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                              | Ecuador Government International Bonds                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    740626 | PA      | $552877.31    | 0.02%             | 2035-07-31      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| ALCON FINANCE CORP                               | Alcon Finance Corp.                                                               | CUSIP: 01400EAF0<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    739000 | PA      | $737647.52    | 0.03%             | 2052-12-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                          | Bayer U.S. Finance II LLC                                                         | CUSIP: 07274NAL7<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   1757000 | PA      | $1735720.45   | 0.07%             | 2028-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC                               | Conagra Brands, Inc.                                                              | CUSIP: 205887CK6<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   2851000 | PA      | $2856033.95   | 0.12%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| 321 Henderson Receivables LLC                    | JG Wentworth XXI LLC                                                              | CUSIP: 466159AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121273 | PA      | $120122.44    | 0.01%             | 2048-01-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                     | Hilton Grand Vacations Trust                                                      | CUSIP: 43283JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2310558 | PA      | $2340904.42   | 0.10%             | 2038-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                     | Hudson Yards Mortgage Trust                                                       | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5710000 | PA      | $5853557.39   | 0.25%             | 2040-01-13      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                         | Clear Channel Outdoor Holdings, Inc.                                              | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1392000 | PA      | $1268141.51   | 0.05%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| UBER TECHNOLOGIES INC                            | Uber Technologies, Inc.                                                           | CUSIP: 90353TAP5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1767000 | PA      | $1735596.52   | 0.07%             | 2034-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                          | HCA, Inc.                                                                         | CUSIP: 404119AJ8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2610000 | PA      | $2959847.17   | 0.13%             | 2033-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Spin Holdco Inc                                  | Spin Holdco, Inc.                                                                 | CUSIP: 84850XAK8<br>LEI: 549300QAS44U2GUXGK45 | Long             | LON              | CORP              | US        |   2898304 | PA      | $2540847.23   | 0.11%             | 2028-03-04      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust                                                         | CUSIP: 89179JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7875131 | PA      | $7106869.73   | 0.30%             | 2060-10-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                              | Medline Borrower LP                                                               | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    489000 | PA      | $479445.87    | 0.02%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                               | Dominican Republic International Bonds                                            | CUSIP: 25714PEZ7<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   5006000 | PA      | $5078587.00   | 0.22%             | 2036-06-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                         | Charles River Laboratories International, Inc.                                    | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   1839000 | PA      | $1687560.19   | 0.07%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                               | CUSIP: 64828GAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2520569 | PA      | $2370972.38   | 0.10%             | 2059-09-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                            | Aon North America, Inc.                                                           | CUSIP: 03740MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2516000 | PA      | $2573633.51   | 0.11%             | 2034-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                                    | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   8830000 | PA      | $9149919.20   | 0.39%             | 2030-04-18      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare Receivables Funding LLC                                          | CUSIP: 826944AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2371057 | PA      | $2430365.47   | 0.10%             | 2040-09-20      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                               | CUSIP: 64830WAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3155055 | PA      | $2934580.15   | 0.13%             | 2058-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| ADVANCED MICRO DEVICES                           | Advanced Micro Devices, Inc.                                                      | CUSIP: 007903BF3<br>LEI: R2I72C950HOYXII45366 | Long             | DBT              | CORP              | US        |   3511000 | PA      | $3384759.08   | 0.14%             | 2032-06-01      | Fixed         | 3.92%                 | No            |                  2 | On Loan: —       |
| CENTURY COMMUNITIES                              | Century Communities, Inc.                                                         | CUSIP: 156504AL6<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   2138000 | PA      | $2139351.22   | 0.09%             | 2027-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP                             | Kioxia Holdings Corp.                                                             | CUSIP: 49726JAB4<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   5797000 | PA      | $5736264.95   | 0.25%             | 2033-07-24      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                     | Enbridge, Inc.                                                                    | CUSIP: 29250NCJ2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1751000 | PA      | $1766364.76   | 0.08%             | 2030-06-20      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| Venture CDO Ltd                                  | Venture 38 CLO Ltd.                                                               | CUSIP: 92332NBC8<br>LEI: 549300EM6DS6KQH1HN07 | Long             | ABS-CBDO         | CORP              | KY        |   4903499 | PA      | $4896938.60   | 0.21%             | 2032-07-30      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                         | Capital One Financial Corp.                                                       | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1067000 | PA      | $1095390.00   | 0.05%             | 2036-01-30      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810QB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28732000 | PA      | $27687097.90  | 1.18%             | 2039-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                         | Occidental Petroleum Corp.                                                        | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   3143000 | PA      | $3150646.92   | 0.13%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare Receivables Funding LLC                                          | CUSIP: 82652QAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450249 | PA      | $444136.96    | 0.02%             | 2037-11-20      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                    | Carnival Corp.                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   2588000 | PA      | $2633913.71   | 0.11%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                           | UnitedHealth Group, Inc.                                                          | CUSIP: 91324PFJ6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2890000 | PA      | $2898329.30   | 0.12%             | 2034-07-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| BANK OF AMERICA CORP                             | Bank of America Corp.                                                             | CUSIP: 06051GJP5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3181000 | PA      | $2850765.69   | 0.12%             | 2032-03-11      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                  | SBA Tower Trust                                                                   | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | DBT              |  | US        |   3250000 | PA      | $3128570.90   | 0.13%             | 2026-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                             | Diameter Capital CLO 1 Ltd.                                                       | CUSIP: 25255DAL4<br>LEI: 25490018I1ROE4V49X69 | Long             | ABS-CBDO         | CORP              | KY        |   3250000 | PA      | $3265395.25   | 0.14%             | 2037-10-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                     | QUALCOMM, Inc.                                                                    | CUSIP: 747525BJ1<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   1513000 | PA      | $1035169.79   | 0.04%             | 2050-05-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust                                                         | CUSIP: 89178BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1594233 | PA      | $1523552.18   | 0.07%             | 2059-10-25      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                 | Hewlett Packard Enterprise Co.                                                    | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   4779000 | PA      | $4636093.85   | 0.20%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT Mortgage Loan Trust                                                          | CUSIP: 19688TAA3<br>LEI: 2138001HZNOLT1K3WY73 | Long             | ABS-MBS          | CORP              | US        |   4443958 | PA      | $4456163.32   | 0.19%             | 2069-02-25      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX Trust                                                                         | CUSIP: 67118KAA1<br>LEI: 2549001QDCO9VU0HH514 | Long             | ABS-MBS          | CORP              | US        |   6602158 | PA      | $6643562.49   | 0.28%             | 2063-12-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security                                                  | CUSIP: 01F022683<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  31316000 | PA      | $25654877.97  | 1.10%             | 2054-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MUNICH RE                                        | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen                         | CUSIP: 62582PAA8<br>LEI: 529900MUF4C20K50JS49 | Long             | DBT              | CORP              | DE        |   2200000 | PA      | $2249500.00   | 0.10%             | 2042-05-23      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                           | Extra Space Storage LP                                                            | CUSIP: 30225VAU1<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |   4629000 | PA      | $4639158.90   | 0.20%             | 2035-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYS INC                           | Cadence Design Systems, Inc.                                                      | CUSIP: 127387AP3<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |   2285000 | PA      | $2250110.24   | 0.10%             | 2034-09-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT Mortgage Loan Trust                                                          | CUSIP: 19688VAA8<br>LEI: 213800YFAHWZN77V6P52 | Long             | ABS-MBS          | CORP              | US        |   8471637 | PA      | $8548810.01   | 0.37%             | 2069-06-25      | Variable      | 6.39%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CFL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4266000 | PA      | $4258167.88   | 0.18%             | 2029-09-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                           | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC              | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    561000 | PA      | $571813.84    | 0.02%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                              | Petroleos Mexicanos                                                               | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3507000 | PA      | $3496483.91   | 0.15%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust                                                         | CUSIP: 89175TAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2430976 | PA      | $2290602.29   | 0.10%             | 2058-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                 | T-Mobile USA, Inc.                                                                | CUSIP: 87264ABW4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2994000 | PA      | $2806711.23   | 0.12%             | 2031-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                     | Hilton Grand Vacations Trust                                                      | CUSIP: 43283NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4333276 | PA      | $4355265.24   | 0.19%             | 2040-08-27      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                  | Bravo Residential Funding Trust                                                   | CUSIP: 10569MAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6091009 | PA      | $6101753.95   | 0.26%             | 2064-12-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                | Brown & Brown, Inc.                                                               | CUSIP: 115236AL5<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1259280.62   | 0.05%             | 2032-06-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                      | Oracle Corp.                                                                      | CUSIP: 68389XBZ7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2556000 | PA      | $1998325.35   | 0.09%             | 2041-03-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SITIOS LATINOAMERICA                             | Sitios Latinoamerica SAB de CV                                                    | CUSIP: 82983PAA1<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | MX        |   5297000 | PA      | $5423068.60   | 0.23%             | 2029-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CLJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7845000 | PA      | $7711696.27   | 0.33%             | 2031-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                          | Starwood Property Trust, Inc.                                                     | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |   1665000 | PA      | $1681347.40   | 0.07%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                        | CIM Trust                                                                         | CUSIP: 12567RAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3816984 | PA      | $3398758.07   | 0.15%             | 2061-07-25      | Variable      | 1.43%                 | No            |                  2 | On Loan: No      |
| DataBank Issuer LLC                              | DataBank Issuer LLC                                                               | CUSIP: 23802WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4727000 | PA      | $4633708.87   | 0.20%             | 2051-02-27      | Fixed         | 2.06%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                          | CARS-DB5 LP                                                                       | CUSIP: 12510HAM2<br>LEI: N/A                  | Long             | ABS-O            |  | US        |   4067642 | PA      | $3900497.81   | 0.17%             | 2051-08-15      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Federal National Mortgage Association                                             | CUSIP: 3140QRW66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6853783 | PA      | $6724545.22   | 0.29%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                              | Ecuador Government International Bonds                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    435840 | PA      | $272617.92    | 0.01%             | 2040-07-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                           | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC              | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4995000 | PA      | $4954519.27   | 0.21%             | 2027-01-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                         | Organon & Co./Organon Foreign Debt Co-Issuer BV                                   | CUSIP: 68622FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1876000 | PA      | $1769026.73   | 0.08%             | 2034-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                   | NRG Energy, Inc.                                                                  | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    598000 | PA      | $561384.35    | 0.02%             | 2029-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MUFG Securities Canada Ltd                       | MUFG Securities Canada Ltd.                                                       | CUSIP: 62479UWJ0<br>LEI: 549300Y1PMK3RWXMWR72 | Long             | STIV             | CORP              | CA        |  24000000 | PA      | $23855080.80  | 1.02%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4298000 | PA      | $4032061.25   | 0.17%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Capital Automotive Reit                          | CARS-DB7 LP                                                                       | CUSIP: 12510HAS9<br>LEI: N/A                  | Long             | ABS-O            |  | US        |   3753333 | PA      | $3770592.29   | 0.16%             | 2053-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                                   | ICG U.S. CLO Ltd.                                                                 | CUSIP: 44928XAY0<br>LEI: 25490053S2JSJU63Y978 | Long             | ABS-CBDO         | CORP              | KY        |   6500000 | PA      | $6508807.50   | 0.28%             | 2034-10-20      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                         | Hess Midstream Operations LP                                                      | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1934000 | PA      | $1992215.33   | 0.09%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Federal Home Loan Mortgage Corp.                                                  | CUSIP: 3132DWGZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5481260 | PA      | $5461790.58   | 0.23%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                 | NTT Finance Corp.                                                                 | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   2711000 | PA      | $2716723.71   | 0.12%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR                              | Ecuador Government International Bonds                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    119808 | PA      | $85782.53     | 0.00%             | 2030-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                              | Quanta Services, Inc.                                                             | CUSIP: 74762EAF9<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   2166000 | PA      | $1991048.02   | 0.09%             | 2030-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                             | CUSIP: 01F020687<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  61000000 | PA      | $47707206.96  | 2.04%             | 2054-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                           | Canadian Imperial Bank of Commerce                                                | CUSIP: 13607PVQ4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   3080000 | PA      | $3148454.66   | 0.13%             | 2031-01-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BOYNE USA INC                                    | Boyne USA, Inc.                                                                   | CUSIP: 103557AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    999000 | PA      | $968089.24    | 0.04%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                            | Venture Global Plaquemines LNG LLC                                                | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   2615000 | PA      | $2824052.38   | 0.12%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                     | Hilton Grand Vacations Trust                                                      | CUSIP: 432917AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1384318 | PA      | $1405707.41   | 0.06%             | 2038-01-25      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810RZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12316000 | PA      | $8651027.87   | 0.37%             | 2047-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                             | Glencore Funding LLC                                                              | CUSIP: 378272BG2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   4557000 | PA      | $4009983.74   | 0.17%             | 2031-09-23      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| 321 Henderson Receivables LLC                    | JGWPT XXIII LLC                                                                   | CUSIP: 46616PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    845416 | PA      | $825556.27    | 0.04%             | 2056-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                              | American Express Co.                                                              | CUSIP: 025816DU0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   3701000 | PA      | $3838404.10   | 0.16%             | 2030-04-25      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Starbird Funding Corp                            | Starbird Funding Corp.                                                            | CUSIP: 85520LV44<br>LEI: 549300A8DDPP6QJBB522 | Long             | STIV             | CORP              | US        |   8300000 | PA      | $8295986.95   | 0.35%             | 2025-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                             | M&T Bank Corp.                                                                    | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   3990000 | PA      | $4035671.89   | 0.17%             | 2031-07-08      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                     | ADT Security Corp.                                                                | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   5252000 | PA      | $5024219.71   | 0.21%             | 2029-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                       | Citadel LP                                                                        | CUSIP: 17288XAD6<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1092273.00   | 0.05%             | 2030-01-23      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ORBIA ADVANCE CORP SAB                           | Orbia Advance Corp. SAB de CV                                                     | CUSIP: 68560EAC2<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |   3687000 | PA      | $3760281.41   | 0.16%             | 2030-05-13      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                               | VICI Properties LP                                                                | CUSIP: 925650AC7<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |   4032000 | PA      | $4049049.55   | 0.17%             | 2030-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co.                                                                        | CUSIP: 097023CX1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   3136000 | PA      | $3000430.63   | 0.13%             | 2060-05-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| CSL FINANCE PLC                                  | CSL Finance PLC                                                                   | CUSIP: 12661PAD1<br>LEI: 2549007CCNBNAF4HBC02 | Long             | DBT              | CORP              | GB        |   4446000 | PA      | $3952687.09   | 0.17%             | 2042-04-27      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                     | Hilton Grand Vacations Trust                                                      | CUSIP: 43283YAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    402291 | PA      | $406412.76    | 0.02%             | 2039-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                             | M&T Bank Corp.                                                                    | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1809000 | PA      | $1802431.56   | 0.08%             | 2036-01-16      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Schlumberger Holdings Corp                       | Schlumberger Holdings Corp.                                                       | CUSIP: 80686DWV2<br>LEI: 529900IKZG65COT1D505 | Long             | STIV             | CORP              | US        |    740000 | PA      | $734462.36    | 0.03%             | 2025-09-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                 | COLT Mortgage Loan Trust                                                          | CUSIP: 12665LAA2<br>LEI: 213800Z2Q6LED8DB8K38 | Long             | ABS-MBS          | CORP              | US        |   2516593 | PA      | $2529758.38   | 0.11%             | 2069-04-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                         | Delta Air Lines, Inc./SkyMiles IP Ltd.                                            | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   4280000 | PA      | $4282629.42   | 0.18%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Mainbeach Funding LLC                            | Mainbeach Funding LLC                                                             | CUSIP: 56037BVT8<br>LEI: 635400CWJW29VERCBI90 | Long             | STIV             | CORP              | IE        |  12250000 | PA      | $12209599.50  | 0.52%             | 2025-08-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                      | Viatris, Inc.                                                                     | CUSIP: 92556VAC0<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |   2254000 | PA      | $2145067.58   | 0.09%             | 2027-06-22      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                                  | Murphy Oil Corp.                                                                  | CUSIP: 626717AP7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |   2493000 | PA      | $2392363.02   | 0.10%             | 2032-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC Trust                                                                        | CUSIP: 126405AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9438803 | PA      | $8460288.23   | 0.36%             | 2060-01-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                | Hyatt Hotels Corp.                                                                | CUSIP: 448579AR3<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   2990000 | PA      | $3042249.17   | 0.13%             | 2029-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                                         | OZLM XIX Ltd.                                                                     | CUSIP: 67112CBE6<br>LEI: 5493009C40QUU66J8E83 | Long             | ABS-CBDO         | CORP              | KY        |  10000000 | PA      | $10004290.00  | 0.43%             | 2035-01-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Swedbank AB                                      | Swedbank AB                                                                       | CUSIP: 87020WW24<br>LEI: M312WZV08Y7LYUC71685 | Long             | STIV             | CORP              | SE        |  11000000 | PA      | $10956545.60  | 0.47%             | 2025-09-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WRKCo Inc                                        | WRKCo, Inc.                                                                       | CUSIP: 92940PAE4<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |   3383000 | PA      | $3330699.80   | 0.14%             | 2028-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER HLDGS CORP                          | Schlumberger Holdings Corp.                                                       | CUSIP: 806851AK7<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |   1841000 | PA      | $1820199.59   | 0.08%             | 2028-05-17      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                   | NRG Energy, Inc.                                                                  | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    617000 | PA      | $618673.92    | 0.03%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BXP Trust                                                                         | CUSIP: 12433QAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1825000 | PA      | $1344587.18   | 0.06%             | 2034-11-15      | Floating      | 6.39%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                    | AppLovin Corp.                                                                    | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   3809000 | PA      | $3852719.05   | 0.16%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                   | Whirlpool Corp.                                                                   | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   1471000 | PA      | $1467492.55   | 0.06%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                            | Aon North America, Inc.                                                           | CUSIP: 03740MAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3770000 | PA      | $3672376.23   | 0.16%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                  | Chevron USA, Inc.                                                                 | CUSIP: 166756AS5<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   1880000 | PA      | $1807694.73   | 0.08%             | 2029-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                          | Light & Wonder International, Inc.                                                | CUSIP: 80874YBC3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |    699000 | PA      | $699737.45    | 0.03%             | 2028-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3932800 | PA      | $3846770.00   | 0.16%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                            | American Homes 4 Rent LP                                                          | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |   5199000 | PA      | $5285314.73   | 0.23%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                                   | MVW LLC                                                                           | CUSIP: 55400EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    480002 | PA      | $466075.69    | 0.02%             | 2037-10-20      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| KENVUE INC                                       | Kenvue, Inc.                                                                      | CUSIP: 49177JAH5<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |   4511000 | PA      | $4622024.96   | 0.20%             | 2030-03-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18227000 | PA      | $18113081.25  | 0.77%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                         | Greensaif Pipelines Bidco SARL                                                    | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |   1920000 | PA      | $1965159.88   | 0.08%             | 2036-02-23      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX Trust                                                                         | CUSIP: 67119CAA8<br>LEI: 254900Y1YRD8JNADSC78 | Long             | ABS-MBS          | CORP              | US        |   4624348 | PA      | $4665832.96   | 0.20%             | 2064-05-25      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                     | Hilton Grand Vacations Trust                                                      | CUSIP: 43283NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6782519 | PA      | $6806284.28   | 0.29%             | 2040-08-27      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                     | Drive Auto Receivables Trust                                                      | CUSIP: 26208WAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8500000 | PA      | $8581339.90   | 0.37%             | 2031-11-17      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                         | Targa Resources Partners LP/Targa Resources Partners Finance Corp.                | CUSIP: 87612BBU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2740000 | PA      | $2552876.80   | 0.11%             | 2032-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                     | 7-Eleven, Inc.                                                                    | CUSIP: 817826AE0<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   6064000 | PA      | $5156312.28   | 0.22%             | 2031-02-10      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                     | Ecopetrol SA                                                                      | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   2500000 | PA      | $2468842.00   | 0.11%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                | NatWest Group PLC                                                                 | CUSIP: 639057AN8<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   6487000 | PA      | $6733742.19   | 0.29%             | 2035-03-01      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust                         | Mill City Mortgage Loan Trust                                                     | CUSIP: 59981AAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2537762 | PA      | $2462540.11   | 0.11%             | 2069-10-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Federal National Mortgage Association                                             | CUSIP: 3140XKS76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6378840 | PA      | $6062059.99   | 0.26%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                                     | Novelis Corp.                                                                     | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    236000 | PA      | $211687.00    | 0.01%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7840000 | PA      | $7260268.77   | 0.31%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Concord Minutemen Capital Co LLC                 | Concord Minutemen Capital Co. LLC                                                 | CUSIP: 2063C0X15<br>LEI: 549300B4YYZ4SNU1JB49 | Long             | STIV             | CORP              | US        |   2820000 | PA      | $2798721.41   | 0.12%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                                    | Allstate Corp.                                                                    | CUSIP: 020002BK6<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |   1943000 | PA      | $1984844.35   | 0.08%             | 2033-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                   | Lowe's Cos., Inc.                                                                 | CUSIP: 548661EH6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   5027000 | PA      | $4721244.19   | 0.20%             | 2032-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC         | Avis Budget Rental Car Funding AESOP LLC                                          | CUSIP: 05377RHL1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   4255000 | PA      | $4347911.33   | 0.19%             | 2028-08-21      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust                                                         | CUSIP: 89181JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6232302 | PA      | $5992182.17   | 0.26%             | 2063-01-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust           | Santander Drive Auto Receivables Trust                                            | CUSIP: 80288JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4165000 | PA      | $4154415.49   | 0.18%             | 2031-09-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                         | Cheniere Energy Partners LP                                                       | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2868532.22   | 0.12%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                  | BRAVO Residential Funding Trust                                                   | CUSIP: 10569LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    994564 | PA      | $1001366.19   | 0.04%             | 2064-03-25      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                 | MGM Resorts International                                                         | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   3543000 | PA      | $3591567.44   | 0.15%             | 2029-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV                                  | MV24 Capital BV                                                                   | CUSIP: 55388RAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   2764508 | PA      | $2748887.87   | 0.12%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                     | NNN REIT, Inc.                                                                    | CUSIP: 637417AU0<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              |  | US        |   5722000 | PA      | $5663813.55   | 0.24%             | 2031-02-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                           | Diamondback Energy, Inc.                                                          | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   4729000 | PA      | $4814997.24   | 0.21%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                         | Ford Motor Credit Co. LLC                                                         | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4469000 | PA      | $4519545.55   | 0.19%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810RS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8065000 | PA      | $5505937.68   | 0.24%             | 2046-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                         | CHS/Community Health Systems, Inc.                                                | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1927000 | PA      | $1685691.43   | 0.07%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                               | CUSIP: 64830MAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3554082 | PA      | $3357098.35   | 0.14%             | 2059-08-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                         | OCP SA                                                                            | CUSIP: 67091TAF2<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |   2141000 | PA      | $2226793.00   | 0.10%             | 2034-05-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17961000 | PA      | $16153674.38  | 0.69%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                | Newell Brands, Inc.                                                               | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1664000 | PA      | $1612481.73   | 0.07%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1063400 | PA      | $927774.96    | 0.04%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                          | Pfizer Investment Enterprises Pte. Ltd.                                           | CUSIP: 716973AF9<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   2735000 | PA      | $2589183.20   | 0.11%             | 2043-05-19      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                     | Enbridge, Inc.                                                                    | CUSIP: 29250NCC7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   5168000 | PA      | $5288548.30   | 0.23%             | 2034-04-05      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 912828ZQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9878000 | PA      | $8456879.90   | 0.36%             | 2030-05-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust                                                          | CUSIP: 034934AA7<br>LEI: 254900HC0S1X9R2JZB30 | Long             | ABS-MBS          | CORP              | US        |   7080617 | PA      | $7081451.55   | 0.30%             | 2070-01-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                               | CUSIP: 64830EAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2689044 | PA      | $2577983.37   | 0.11%             | 2058-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                          | Imperial Brands Finance PLC                                                       | CUSIP: 45262BAK9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   4775000 | PA      | $4779351.46   | 0.20%             | 2035-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| GULFSTREAM NATURAL GAS                           | Gulfstream Natural Gas System LLC                                                 | CUSIP: 402740AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2014000 | PA      | $2025534.78   | 0.09%             | 2035-07-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                     | CaixaBank SA                                                                      | CUSIP: 12803RAC8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   1754000 | PA      | $1928262.41   | 0.08%             | 2034-09-13      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                     | Ecopetrol SA                                                                      | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   2195000 | PA      | $2185725.91   | 0.09%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                        | Amgen, Inc.                                                                       | CUSIP: 031162DS6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2264000 | PA      | $2236415.24   | 0.10%             | 2043-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HCA INC                                          | HCA, Inc.                                                                         | CUSIP: 404119CV9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   3003000 | PA      | $2915973.33   | 0.12%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                         | Element Fleet Management Corp.                                                    | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   6758000 | PA      | $6816142.86   | 0.29%             | 2030-03-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                           | Bank of New York Mellon Corp.                                                     | CUSIP: 06406YAB8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1453000 | PA      | $1485641.65   | 0.06%             | 2039-07-21      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7393000 | PA      | $6694130.47   | 0.29%             | 2044-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                           | CHL Mortgage Pass-Through Trust                                                   | CUSIP: 12669GUR0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     60445 | PA      | $57111.71     | 0.00%             | 2035-04-25      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Rackspace Finance, LLC                           | Rackspace Finance LLC                                                             | CUSIP: 75008UAC1<br>LEI: 549300QTYCKLMFSE8I97 | Long             | LON              | CORP              | US        |    921889 | PA      | $930186.03    | 0.04%             | 2028-05-15      | Floating      | 10.71%                | No            |                  2 | On Loan: No      |
| CENTURY COMMUNITIES                              | Century Communities, Inc.                                                         | CUSIP: 156504AM4<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | DBT              | CORP              | US        |   2383000 | PA      | $2196753.30   | 0.09%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                         | Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.                 | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              |  | US        |   8155000 | PA      | $8004348.93   | 0.34%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Hin Timeshare Trust                              | HINNT LLC                                                                         | CUSIP: 40472QAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1514504 | PA      | $1529373.86   | 0.07%             | 2043-03-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                           | Bunge Ltd. Finance Corp.                                                          | CUSIP: 120568BF6<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   5491000 | PA      | $5300179.68   | 0.23%             | 2034-09-17      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Black Hills Corp                                 | Black Hills Corp.                                                                 | CUSIP: 092113AM1<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   2146000 | PA      | $2100996.81   | 0.09%             | 2027-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                           | PNC Financial Services Group, Inc.                                                | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2017000 | PA      | $2037901.63   | 0.09%             | 2036-07-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX Trust                                                                         | CUSIP: 67448GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6739444 | PA      | $6743310.72   | 0.29%             | 2063-03-25      | Variable      | 6.11%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                   | NRG Energy, Inc.                                                                  | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    854000 | PA      | $781760.10    | 0.03%             | 2031-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                  | MVW LLC                                                                           | CUSIP: 55389QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1771001 | PA      | $1757072.79   | 0.08%             | 2042-03-20      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6115000 | PA      | $5857978.91   | 0.25%             | 2055-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23691000 | PA      | $15007693.18  | 0.64%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare Receivables Funding LLC                                          | CUSIP: 82653BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3171857 | PA      | $3174360.07   | 0.14%             | 2041-08-20      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust                           | GSAA Home Equity Trust                                                            | CUSIP: 362341Z44<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    840894 | PA      | $345933.57    | 0.01%             | 2036-01-25      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| AXA SA                                           | AXA SA                                                                            | CUSIP: 054536AA5<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | DBT              | CORP              | FR        |   5184000 | PA      | $6140596.52   | 0.26%             | 2030-12-15      | Fixed         | 8.60%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                        | Towd Point Mortgage Trust                                                         | CUSIP: 89175VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    517517 | PA      | $509814.62    | 0.02%             | 2058-03-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810TT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3704000 | PA      | $3260243.43   | 0.14%             | 2053-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                  | MVW LLC                                                                           | CUSIP: 55389QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5635003 | PA      | $5481522.63   | 0.23%             | 2042-03-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                 | T-Mobile USA, Inc.                                                                | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1503000 | PA      | $1456757.14   | 0.06%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                     | CSMC Trust                                                                        | CUSIP: 12656TAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4542616 | PA      | $3807555.01   | 0.16%             | 2060-01-25      | Variable      | 1.11%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2014-2 A PTT                          | United Airlines Pass-Through Trust                                                | CUSIP: 90932QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1034022 | PA      | $1021918.36   | 0.04%             | 2026-09-03      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CCB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5604000 | PA      | $4911599.52   | 0.21%             | 2031-05-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Protected Indexed Notes                                   | CUSIP: 912828ZZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5989020 | PA      | $5632182.38   | 0.24%             | 2030-07-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust              | New Residential Mortgage Loan Trust                                               | CUSIP: 64829VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1944636 | PA      | $1875393.42   | 0.08%             | 2057-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                            | Bausch Health Cos., Inc.                                                          | CUSIP: 071734AL1<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    324000 | PA      | $197050.32    | 0.01%             | 2031-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                               | Royalty Pharma PLC                                                                | CUSIP: 78081BAK9<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   4009000 | PA      | $3545676.34   | 0.15%             | 2030-09-02      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Manhattan Asset Funding Co LLC                   | Manhattan Asset Funding Co. LLC                                                   | CUSIP: 56274LXT6<br>LEI: 549300S0NSJYSOB32S63 | Long             | STIV             | CORP              | US        |   1200000 | PA      | $1187095.32   | 0.05%             | 2025-10-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                               | Ally Financial, Inc.                                                              | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1129000 | PA      | $1149827.19   | 0.05%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                 | RALI Trust                                                                        | CUSIP: 75116EAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     92087 | PA      | $56315.49     | 0.00%             | 2037-06-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                          | Starwood Property Trust, Inc.                                                     | CUSIP: 85571BBD6<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |   3184000 | PA      | $3274995.54   | 0.14%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                               | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7968000 | PA      | $7943722.46   | 0.34%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25980000 | PA      | $25651190.63  | 1.10%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                               | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35044000 | PA      | $25237155.63  | 1.08%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                 | RALI Trust                                                                        | CUSIP: 761118RM2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2101201 | PA      | $799759.18    | 0.03%             | 2046-02-25      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust                     | MetLife Securitization Trust                                                      | CUSIP: 59166BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1558290 | PA      | $1489350.21   | 0.06%             | 2055-04-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                           | Verizon Communications, Inc.                                                      | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   3098000 | PA      | $2666688.48   | 0.11%             | 2031-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                           | Clydesdale Acquisition Holdings, Inc.                                             | CUSIP: 18972EAA3<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   3895000 | PA      | $3941176.00   | 0.17%             | 2029-04-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                | Herc Holdings, Inc.                                                               | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1917208.58   | 0.08%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                           | Verizon Communications, Inc.                                                      | CUSIP: 92343VFX7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   3689000 | PA      | $3194040.52   | 0.14%             | 2030-10-30      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                              | General Electric Co.                                                              | CUSIP: 36962G3P7<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   1446000 | PA      | $1540731.00   | 0.07%             | 2038-01-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA                             | YPF SA                                                                            | CUSIP: 984245AX8<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |   1063000 | PA      | $1124558.33   | 0.05%             | 2031-01-17      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL                           | American International Group, Inc.                                                | CUSIP: 026874DX2<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   1820000 | PA      | $1859470.43   | 0.08%             | 2035-05-07      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare Receivables Funding LLC                                          | CUSIP: 82653BAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3943054 | PA      | $3931235.67   | 0.17%             | 2041-08-20      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                         | Microchip Technology, Inc.                                                        | CUSIP: 595017BE3<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   3599000 | PA      | $3639657.80   | 0.16%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                      | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   3524000 | PA      | $3867699.24   | 0.17%             | 2028-11-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                     | Barclays PLC                                                                      | CUSIP: 06738ECS2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    916000 | PA      | $950259.50    | 0.04%             | 2055-03-12      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                | Sysco Corp.                                                                       | CUSIP: 871829BV8<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |   2545000 | PA      | $2580878.95   | 0.11%             | 2035-03-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** TRANSAMERICA FUNDS

**Signature:** Joshua Durham

**Name of Signer:** Joshua Durham

**Title:** Chief Operating Officer and Interim Treasurer