# EDGAR Filing Document

**Accession Number:** 0000357204
**File Stem:** 0001752724-25-203737
**Filing Date:** 2025-8
**Character Count:** 67909
**Document Hash:** ff2c5d6627220256cc1cb29be6a4047f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203737.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203737

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Segall Bryant & Hamill Trust
- **CENTRAL INDEX KEY:** 0000357204

**ORGANIZATION NAME:**
- **EIN:** 510263765
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03373
- **FILM NUMBER:** 251253469

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 303-623-2577

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE FUNDS INC
- **DATE OF NAME CHANGE:** 19860506

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUNMONT WEST FUND INC
- **DATE OF NAME CHANGE:** 19820520

## Series and Classes Contracts Data

### Segall Bryant & Hamill Plus Bond Fund (Series ID: S000006744)

| Class ID   | Class Name                                                | Ticker Symbol   |
|:---|:---|:---|
| C000018311 | Segall Bryant & Hamill Plus Bond Fund-Retail Class        | WTIBX           |
| C000052673 | Segall Bryant & Hamill Plus Bond Fund-Institutional Class | WIIBX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Segall Bryant & Hamill Trust

- **b. Investment Company Act file number:** 811-03373

- **c. CIK number of Registrant:** 0000357204

- **d. LEI of Registrant:** 549300D12PXTPNG46V56

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** SBH PLUS BOND FUND

- **b. EDGAR series identifier (if any):** S000006744

- **c. LEI of Series:** 549300GKJYG0KR68NL38

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

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

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $712519250.56

**Total Liabilities:** $814845.47

**Net Assets:** $711704405.09

**Cash Not Reported:** $18446144.06

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 10286.80051217 | **5-Year:** 88376.19626178 | **10-Year:** 150998.28896587 | **30-Year:** 7522.40243923

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

- **3-Month:** 151.42884630 | **1-Year:** 5857.32775958 | **5-Year:** 8914.16490817 | **10-Year:** 1940.59267079 | **30-Year:** 3697.39750410

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018311 | 0.14%                | -0.60%               | 1.74%                |
| Class ID C000052673 | 0.15%                | -0.60%               | 1.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5837699.20             | $4098595.69                                |
| Month 2  | $29466.02                | $-6715591.46                               |
| Month 3  | $-1195102.73             | $10968017.68                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Aviation Capital Group LLC                             | Aviation Capital Group LLC 6.25%, Due 04/15/2028                        | CUSIP: 05369AAN1<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2994027.42   | 0.42%             | 2028-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FedEx Corporation                                      | Fedex Corporation 3.90% Due 02/01/2035                                  | CUSIP: 31428XCM6<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |   2245000 | PA      | $2007423.14   | 0.28%             | 2035-02-01      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN MA5071 5.00% Due 07/01/2053                                          | CUSIP: 31418ET59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5437485 | PA      | $5342649.31   | 0.75%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | US T-NOTE 3.375%, DUE 05/15/2033                                        | CUSIP: 91282CHC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13617000 | PA      | $12980298.90  | 1.82%             | 2033-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | U.S. Treasury Notes 0.625%, Due 08/15/2030                              | CUSIP: 91282CAE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12810000 | PA      | $10925028.48  | 1.54%             | 2030-08-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| GATX Corporation                                       | GATX Corporation 3.50%, Due 06/01/2032                                  | CUSIP: 361448BJ1<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |   2987000 | PA      | $2718825.95   | 0.38%             | 2032-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 5.00%, Due 10/01/2053             | CUSIP: 31418EW22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5629032 | PA      | $5535684.94   | 0.78%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | U.S. Treasury Notes 2.375%, Due 05/15/2027                              | CUSIP: 912828X88<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7858000 | PA      | $7663698.69   | 1.08%             | 2027-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.                              | Magallanes Inc. 5.3910%, Due 03/15/2062                                 | CUSIP: 55903VBF9<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   4480000 | PA      | $3090752.00   | 0.43%             | 2062-03-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Qorvo Inc                                              | Qorvo Inc 4.375% Due 10/15/2029                                         | CUSIP: 74736KAH4<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |   3325000 | PA      | $3226961.38   | 0.45%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 3.00%, DUE 08/01/2050             | CUSIP: 31418DRT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4383132 | PA      | $3836334.23   | 0.54%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 4.5%, due 9/1/2041                | CUSIP: 3138EKUM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    721298 | PA      | $716989.29    | 0.10%             | 2041-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Company                    | Virginia Electric & Power Company 6.000%, Due 05/15/2037                | CUSIP: 927804FB5<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |   5581000 | PA      | $5867505.55   | 0.82%             | 2037-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Electric Power Company                       | Wisconsin Electric Power 4.75%, Due 09/30/2032                          | CUSIP: 976656CN6<br>LEI: AENKIFMULUAWOUU8Q584 | Long             | DBT              | CORP              | US        |   3460000 | PA      | $3497891.57   | 0.49%             | 2032-09-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHLMC Super 30Y Fixed 3.000%, Due 03/01/2052                            | CUSIP: 3132DWDE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6281075 | PA      | $5445101.09   | 0.77%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 2.5%, Due 10/01/2051              | CUSIP: 31418D4Y5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5127491 | PA      | $4263009.43   | 0.60%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association 6.50%, Due 05/20/2055          | CUSIP: 3618N5MS5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6827131 | PA      | $7018325.96   | 0.99%             | 2055-05-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp                            | GSR Mortgage Loan Trust 6%, due 3/25/2035                               | CUSIP: 36242DF32<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    486834 | PA      | $295039.00    | 0.04%             | 2035-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AECOM                                                  | AECOM 5.125%, Due 03/15/27                                              | CUSIP: 00774CAB3<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1865633.94   | 0.26%             | 2027-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Compass Minerals International Inc.                    | Compass Minerals International, Inc 6.750% Due 12/01/2027               | CUSIP: 20451NAG6<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |   1093000 | PA      | $1102118.90   | 0.15%             | 2027-12-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST 2023-1                             | DT Auto Owner Trust 2023-1A 6.44%, Due 11/15/2028                       | CUSIP: 23346KAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4750000 | PA      | $4834274.50   | 0.68%             | 2028-11-15      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                      | Wells Fargo and Company 3.35%, Due 03/02/2033                           | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2072000 | PA      | $1892253.85   | 0.27%             | 2033-03-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNMA UMBS 3.0%, DUE 06/01/2050                                          | CUSIP: 31418DQA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4378491 | PA      | $3835000.05   | 0.54%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHLMC Super 30Y Fixed 5.00%, Due 09/01/2052                             | CUSIP: 3132DWET6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6263058 | PA      | $6168571.04   | 0.87%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sirius Xm Radio Inc                                    | Sirius XM Radio, Inc. 5.50%, Due 07/01/2029                             | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2980247.25   | 0.42%             | 2029-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Otis Worldwide Corp.                                   | Otis Worldwide Corp 5.125%, Due 11/19/2031                              | CUSIP: 68902VAR8<br>LEI: 549300ZLBKR8VSU25153 | Long             | DBT              | CORP              | US        |   3566000 | PA      | $3672043.39   | 0.52%             | 2031-11-19      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Federal Home Loan Mortgage Corp. 2.500%, Due 02/01/2052                 | CUSIP: 3132DWC76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   2669571 | PA      | $2219688.68   | 0.31%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                           | U.S. Treasury Bonds 1.75%, Due 08/15/2041                               | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18115000 | PA      | $12026661.72  | 1.69%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHLMC Super 30Y Fixed 4.5%, Due 08/01/2052                              | CUSIP: 3132DWEK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   6000836 | PA      | $5750636.37   | 0.81%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 2.50%, Due 06/01/2050             | CUSIP: 3140QDTS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7174258 | PA      | $6048745.77   | 0.85%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                               | HCA Inc 3.7%, Due 09/01/2030                                            | CUSIP: 404119CA5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4018940.04   | 0.56%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHLMC Super 30Y Fixed 5.500%, Due 12/01/2052                            | CUSIP: 3132DWFS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   5379577 | PA      | $5410488.59   | 0.76%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Federal Home Loan Mortgage Corporation 4.5%, due 9/1/2044               | CUSIP: 3128MJU99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    445670 | PA      | $436859.77    | 0.06%             | 2044-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| XPO Inc                                                | Con-Way Incorporated 6.70%, Due 05/01/2034                              | CUSIP: 12612WAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3592000 | PA      | $3799132.68   | 0.53%             | 2034-05-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Cox Communications, Inc.                               | Cox Communications Incorporated 2.60%, Due 06/15/2031                   | CUSIP: 224044CN5<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $1597197.20   | 0.22%             | 2031-06-15      | Fixed         | 2.60%                 | Yes           |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH                                | California Municiapal Financial Authority 3.637%, Due 07/01/2030        | CUSIP: 13049GAB6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   6785000 | PA      | $6082500.10   | 0.85%             | 2030-07-01      | Fixed         | 3.64%                 | Yes           |                  2 | On Loan: No      |
| Allegion US Holding Company Inc                        | Allegion US Holding Co 3.55% Due 10/01/2027                             | CUSIP: 01748NAE4<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2499401.63   | 0.35%             | 2027-10-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | U.S. Treasury Notes 2.75%, Due 08/15/2032                               | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7613000 | PA      | $7022992.50   | 0.99%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Block Financial Llc                                    | Block Financial LLC 3.875% Due 08/15/2030                               | CUSIP: 093662AH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5340000 | PA      | $5069089.14   | 0.71%             | 2030-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                               | Vistra Operations Company, LLC 5.000%, DUE 07/31/2027                   | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   5100000 | PA      | $5093732.81   | 0.72%             | 2027-07-31      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHLMC Super 30Y Fixed 3.50%, Due 02/01/2052                             | CUSIP: 3132DWDF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  13589218 | PA      | $12316103.23  | 1.73%             | 2052-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 2.50%, Due 07/01/2051             | CUSIP: 31418D2M3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3646621 | PA      | $3039590.67   | 0.43%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Dick's Sporting Goods, Inc.                            | Dick's Sporting Goods, Inc. 3.150%, Due 07/15/2032                      | CUSIP: 253393AF9<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |   3825000 | PA      | $3428601.71   | 0.48%             | 2032-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Federal Home Loan Mortgage Corporation 4.50% Due 07/01/2052             | CUSIP: 3132DWEC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   7594205 | PA      | $7269029.59   | 1.02%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Group 1 Automotive, Inc.                               | Group 1 Automotive Inc 4.00% Due 08/15/2028                             | CUSIP: 398905AN9<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |   5438000 | PA      | $5249095.30   | 0.74%             | 2028-08-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| United States Treasury Bonds                           | U.S. Treasury Bonds 1.375%, Due 08/15/2050                              | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  31700000 | PA      | $15629586.10  | 2.20%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| BLAIR NEB                                              | Revenue Bonds 6.1%, Due 05/15/2027                                      | CUSIP: 093030GM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3840000 | PA      | $3841514.11   | 0.54%             | 2027-05-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Crown Americas LLC                                     | Crown Americas LLC 5.25% Due 04/01/2030                                 | CUSIP: 228180AB1<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |   2273000 | PA      | $2308874.76   | 0.32%             | 2030-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                         | Citigroup Inc. 2.561%, Due 05/01/2032                                   | CUSIP: 172967MY4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6362000 | PA      | $5636215.60   | 0.79%             | 2032-05-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 2.5%, Due 12/01/2050              | CUSIP: 3140QGE60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7387561 | PA      | $6134772.53   | 0.86%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Duke Energy Carolinas  LLC                             | Duke Energy Carolinas 4.95%, Due 01/15/2033                             | CUSIP: 26442CBJ2<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   7670000 | PA      | $7804176.45   | 1.10%             | 2033-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Federal Home Loan Mortgage Corporation 4.604%, due 9/1/2034             | CUSIP: 31349TE72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10599 | PA      | $10883.94     | 0.00%             | 2034-09-01      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 3.5%, Due 01/01/2052              | CUSIP: 31418EAQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1467347 | PA      | $1330038.98   | 0.19%             | 2052-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Quanta Services, Inc.                                  | Quanta Services, Inc. 2.90% Due 10/01/2030                              | CUSIP: 74762EAF9<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3687439.80   | 0.52%             | 2030-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                             | Occidental Petroleum Corporation 7.5% Due 05/01/2031                    | CUSIP: 674599DD4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   6085000 | PA      | $6697394.40   | 0.94%             | 2031-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Federal National Mortgage Association 3.0%, Due 05/01/2050              | CUSIP: 3133KH5K8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3971181 | PA      | $3495661.66   | 0.49%             | 2050-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Federal Home Loan Mortgage Corporation 6%, due 11/1/2036                | CUSIP: 3128LXUK4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    138749 | PA      | $145603.30    | 0.02%             | 2036-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 2.5%, Due 03/01/2047              | CUSIP: 3140QNN40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1014923 | PA      | $855014.46    | 0.12%             | 2047-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 4.5%, due 5/1/2053                | CUSIP: 31418ER69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2948713 | PA      | $2821478.63   | 0.40%             | 2053-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Range Resources Corp.                                  | Range Resources Corporation 8.250%, Due 01/15/2029                      | CUSIP: 75281ABH1<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |   4080000 | PA      | $4200608.88   | 0.59%             | 2029-01-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Pinnacle West Capital Corp.                            | Pinnacle West Capital 4.9%, Due 5/15/2028                               | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |   2774000 | PA      | $2812833.34   | 0.40%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc.                          | Alimentation Couche-Tard, Inc. 3.55%, Due 7/26/2027                     | CUSIP: 01626PAH9<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | US        |   3810000 | PA      | $3749148.09   | 0.53%             | 2027-07-26      | Fixed         | 3.55%                 | Yes           |                  2 | On Loan: No      |
| Martin Marietta Materials Inc                          | Martin Marietta Material 2.4%, Due 07/15/2031                           | CUSIP: 573284AW6<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $5732033.84   | 0.81%             | 2031-07-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHLMC Super 30Y Fixed 4.0%, Due 06/01/2052                              | CUSIP: 3133KPMB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   4280287 | PA      | $3991545.93   | 0.56%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BWX Technologies Inc.                                  | BWX Technologies, Inc. 4.125% Due 06/30/2028                            | CUSIP: 05605HAB6<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |   4169000 | PA      | $4067150.08   | 0.57%             | 2028-06-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Rayonier L P                                           | Rayonier LP 2.750%, Due 05/17/2031                                      | CUSIP: 75508XAA4<br>LEI: 5493004X96PV3VY6KB95 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5306396.76   | 0.75%             | 2031-05-17      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHLMC Super 30Y Fixed 2.50%, Due 020/01/2051                            | CUSIP: 3132DWA60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   3892055 | PA      | $3253943.18   | 0.46%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Clean Harbors, Inc.                                    | Clean Harbors Inc. 6.375%, Due 02/01/2031                               | CUSIP: 184496AQ0<br>LEI: 5493000SJVZVZJKHJF48 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256130.75    | 0.04%             | 2031-02-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| VERIZON MASTER TR 2021-1                               | Verizon Master Trust 4.17%, Due 08/20/2030                              | CUSIP: 92348KDE0<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6007852.20   | 0.84%             | 2030-08-20      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| Tennessee Gas Pipeline Company                         | Tennessee Gas Pipeline Co. LLC 8.375%, Due 6/15/2032                    | CUSIP: 880451AW9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6309000 | PA      | $7316710.96   | 1.03%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association 3.50%, Due 12/20/2051          | CUSIP: 3618N5PL7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8600000 | PA      | $8840668.25   | 1.24%             | 2055-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Vici Properties Inc                                    | Vici Properties Note 4.500%, Due 01/15/2028                             | CUSIP: 92564RAK1<br>LEI: 254900RKH6RY9KCJQH63 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3978942.64   | 0.56%             | 2028-01-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Masco Corporation                                      | Masco Corporation 6.5%, Due 8/15/2032                                   | CUSIP: 574599AY2<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |   6205000 | PA      | $6606656.10   | 0.93%             | 2032-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Nevada Power Company                                   | Nevada Power Company 6.75%, Due 7/1/2037                                | CUSIP: 641423BU1<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |   3956000 | PA      | $4411518.84   | 0.62%             | 2037-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                  | QUIKRETE HLDGS INC SR SEC 144A 6.375% 3/1/2032                          | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   1870000 | PA      | $1922958.25   | 0.27%             | 2032-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                      | WELLS FARGO & COMPANY 3.584% DUE 05/22/2028                             | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5635000 | PA      | $5548218.69   | 0.78%             | 2028-05-22      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| FedEx Corporation                                      | Fedex Corporation 5.1%, Due 01/15/2044                                  | CUSIP: 31428XCR5<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3519524.20   | 0.49%             | 2044-01-15      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.          | CCO Holdings, LLC 5.0% DUE 02/01/2028                                   | CUSIP: 1248EPBX0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4140000 | PA      | $4101850.23   | 0.58%             | 2028-02-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 5.5%, due 5/1/2036                | CUSIP: 31410FSD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    299609 | PA      | $309209.98    | 0.04%             | 2036-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pfizer Investment Enterprises Pte Ltd.                 | PFIZER INVT ENTERPRISES SR GLBL NT 28 4.450%, Due 05/19/2028            | CUSIP: 716973AC6<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6047107.92   | 0.85%             | 2028-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts, L.P.                            | Host Hotels & Resorts LP 2.900%, Due 12/15/2031                         | CUSIP: 44107TBA3<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |   4396000 | PA      | $3852010.08   | 0.54%             | 2031-12-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Federal Home Loan Mortgage Corporation 5.5%, due 1/1/2036               | CUSIP: 3128K2LH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     68172 | PA      | $70329.33     | 0.01%             | 2036-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FNMA UMBS 3.0%, DUE 06/01/2050                                          | CUSIP: 31418FJU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2779621 | PA      | $2825809.31   | 0.40%             | 2055-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                           | U.S. Treasury Bonds 2.875%, Due 05/15/2052                              | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19400000 | PA      | $13652750.00  | 1.92%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Provident Funding Associates LP / PFG Finance Corp     | Provident Funding Associates LP/PFG Finance Corp. 9.75%, Due 09/15/2029 | CUSIP: 74387UAK7<br>LEI: 54930043BMDE130FJ617 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $3838037.05   | 0.54%             | 2029-09-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Federal Home Loan Mortgage Corporation 5.5%, due 6/1/2035               | CUSIP: 3128MJB74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24153 | PA      | $24957.03     | 0.00%             | 2035-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                          | Ford Motor Credit Company 7.35%, Due11/04/2027                          | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   3425000 | PA      | $3557040.33   | 0.50%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| PECO Energy Co.                                        | Peco Energy Co 4.90%, Due 06/15/2033                                    | CUSIP: 693304BF3<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |   3954000 | PA      | $4014442.11   | 0.56%             | 2033-06-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                       | NRG Energy, Inc. 5.25%, Due 06/15/2029                                  | CUSIP: 629377CH3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   3565000 | PA      | $3545486.26   | 0.50%             | 2029-06-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. The                         | Goodyear Tire & Rubber 5.0%, Due 07/15/2029                             | CUSIP: 382550BN0<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488702.05    | 0.07%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                           | Tenet Healthcare Corp 6.125%, Due 10/01/2028                            | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   4108000 | PA      | $4113754.94   | 0.58%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                           | Oracle Corporation 6.250%, Due 11/09/2032                               | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2590000 | PA      | $2802788.55   | 0.39%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Fannie Mae Pool 3.000%, Due 05/01/2050                                  | CUSIP: 31418DPE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4494670 | PA      | $3935820.77   | 0.55%             | 2050-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Transcontinental Gas Pipe Line Company, LLC            | Transcontinental Gas Pipe Line Company, LLC 3.250%, Due 05/15/2030      | CUSIP: 893574AP8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4840000 | PA      | $4564971.55   | 0.64%             | 2030-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | JP Morgan Chase & Company 2.739%, Due 10/15/2030                        | CUSIP: 46647PBE5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5130000 | PA      | $4783422.54   | 0.67%             | 2030-10-15      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 4.5%, due 8/1/2044                | CUSIP: 31418BGP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    231080 | PA      | $226132.92    | 0.03%             | 2044-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 4.5%, due 12/1/2043               | CUSIP: 31418A3J5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    625519 | PA      | $615089.15    | 0.09%             | 2043-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association 5.50%, Due 04/20/2053          | CUSIP: 36179XX68<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5760201 | PA      | $5797913.06   | 0.81%             | 2053-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | U.S. Treasury Notes 2.625%, due 02/15/2029                              | CUSIP: 9128286B1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7360000 | PA      | $7087737.48   | 1.00%             | 2029-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp.                                 | Oglethorpe Power Corporation 4.500% Due 04/01/2047                      | CUSIP: 677050AS5<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | DBT              | CORP              | US        |   8334000 | PA      | $6824563.50   | 0.96%             | 2047-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Church & Dwight Co Inc.                                | Church & Dwight Co Inc. 5.6%, Due 11/15/2032                            | CUSIP: 17136MAC6<br>LEI: POOXSI30AWAQGYJZC921 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3686250.86   | 0.52%             | 2032-11-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHLMC Super 30Y Fixed 3.0%, Due 09/01/2050                              | CUSIP: 3132DV7D1<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   5565916 | PA      | $4838401.66   | 0.68%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | U.S. Treasury Notes 4.625%, Due 02/15/2035                              | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11968000 | PA      | $12347610.00  | 1.73%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRINITY RAIL LEASING 2022 LLC                          | Trinity Rail Leasing L.P. Series 22-1 Class A                           | CUSIP: 89656RAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4633544 | PA      | $4550779.21   | 0.64%             | 2052-05-19      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association 3.0%, Due 09/20/2051           | CUSIP: 36179WNF1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6754282 | PA      | $5981644.77   | 0.84%             | 2051-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association 3.50%, Due 12/20/2051          | CUSIP: 36179WT24<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4204908 | PA      | $3841937.18   | 0.54%             | 2051-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 6.0%, Due 03/01/2054              | CUSIP: 31418E3D0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2494377 | PA      | $2536917.77   | 0.36%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 4.5%, due 6/1/2044                | CUSIP: 31418BFM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    105024 | PA      | $102732.11    | 0.01%             | 2044-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 3.0%, Due 09/01/2050              | CUSIP: 31418DSK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3300623 | PA      | $2887498.45   | 0.41%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                           | U.S. Treasury Bonds 2.50%, DUE 02/15/2045                               | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22875000 | PA      | $16103642.69  | 2.26%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Company LLC                    | Oncor Electric Delivery 5.65%, Due 11/15/2033                           | CUSIP: 68233JCS1<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   3765000 | PA      | $3956696.18   | 0.56%             | 2033-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 6.0%, Due 12/01/2053              | CUSIP: 31418EYN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4801823 | PA      | $4885925.58   | 0.69%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 5.00%, Due 09/01/2052             | CUSIP: 31418EJF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6435165 | PA      | $6338080.79   | 0.89%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | FN MA4732 4.00% Due 09/01/2052                                          | CUSIP: 31418EHJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4119932 | PA      | $3838811.40   | 0.54%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H                                  | National Fin Auth NH Fed Lease 3.7780%, Due 01/01/2036                  | CUSIP: 63607VAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4215689.40   | 0.59%             | 2036-01-01      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                           | U.S. Treasury Bonds 3.125%, DUE 11/15/2041                              | CUSIP: 912810QT8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16492000 | PA      | $13525372.70  | 1.90%             | 2041-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHLMC SUPER 30Y FIXED 5.500 20541201 5.500%, Due 12/01/2052             | CUSIP: 3132DWNK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |  11393534 | PA      | $11395675.27  | 1.60%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lamar Media Corp.                                      | Lamar Media Corporation 4.8750%, Due 01/15/2029                         | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1680480.77   | 0.24%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                              | Mars Inc. 5.2%, Due 03/01/2035                                          | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2023958.28   | 0.28%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group Inc.                      | PNC Financial Services 6.875%, Due 10/20/2034                           | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   6585000 | PA      | $7361384.01   | 1.03%             | 2034-10-20      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 2.5%, Due 06/01/2051              | CUSIP: 3140LNPB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3331904 | PA      | $2781230.33   | 0.39%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| IIP Operating Partnership LP                           | IIP Oper Partnership 5.50%, Due 05/25/2026                              | CUSIP: 44988FAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7570000 | PA      | $7363197.74   | 1.03%             | 2026-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Six Flags Entertainment Corp.                          | Cedar Fair LP 5.250% Due 07/15/2029                                     | CUSIP: 150190AE6<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3917176.44   | 0.55%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 3.00%, Due 09/01/2050             | CUSIP: 3140X9YG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4167875 | PA      | $3695721.23   | 0.52%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                           | U.S. Treasury Notes 4.125%, Due 07/31/2028                              | CUSIP: 91282CHQ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10493000 | PA      | $10619653.76  | 1.49%             | 2028-07-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PG&E Corporation                                       | PG&E Corporation 5.25% Due 07/01/2030                                   | CUSIP: 69331CAJ7<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2381605.98   | 0.33%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHLMC Super 30Y Fixed 3.50%, Due 02/01/2052                             | CUSIP: 3132DWC92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   9954409 | PA      | $9006177.64   | 1.27%             | 2052-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.     | National Rural Utility Cooperative Finance Corp. 2.4% DUE 03/15/30      | CUSIP: 637432NV3<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3542246.44   | 0.50%             | 2030-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 4.00%, Due 05/01/2052             | CUSIP: 3140MMBP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2864069 | PA      | $2664365.77   | 0.37%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 5.5%, due 10/1/2035               | CUSIP: 31402RRS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    186472 | PA      | $191532.97    | 0.03%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Vontier Corporation                                    | Vontier Corporation 144A 2.400%, Due 04/01/2028                         | CUSIP: 928881AD3<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2630288.30   | 0.37%             | 2028-04-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| KB Home                                                | KB Home 6.8750%, Due 06/15/2027                                         | CUSIP: 48666KAX7<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1232535.60   | 0.17%             | 2027-06-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | UMBS Conventional Conv 30 years 3.5%, Due 03/01/2052                    | CUSIP: 3133KNVB6<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |   3895181 | PA      | $3535817.83   | 0.50%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHLMC Super 30Y Fixed 4.000%, Due 05/01/2052                            | CUSIP: 3132DWDU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   7087917 | PA      | $6604313.85   | 0.93%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Company  Inc                  | General Motors Financial Company 5.05%, Due 04/04/2028                  | CUSIP: 37045XFE1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   3855000 | PA      | $3884226.10   | 0.55%             | 2028-04-04      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SM Energy Co.                                          | SM Energy Co. 6.5%, Due 07/15/2028                                      | CUSIP: 78454LAW0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   3652000 | PA      | $3683917.75   | 0.52%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VERIZON MASTER TR 2021-1                               | Verizon Master Trust 4.62%, Due 11/20/2030                              | CUSIP: 92348KDM2<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   1795000 | PA      | $1815163.24   | 0.26%             | 2030-11-20      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MPT Operating Partnership LP / MPT Finance Corporation | MPT Operating Partnership LP/MPT Finance Corp. 5.0% DUE 10/15/2027      | CUSIP: 55342UAH7<br>LEI: WUQXXXF7PXTUPGROE843 | Long             | DBT              | CORP              | US        |   6175000 | PA      | $5703773.40   | 0.80%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | Federal Home Loan Mortgage Corporation 5.000%, Due 11/01/2052           | CUSIP: 3132DWFG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   1761026 | PA      | $1734277.82   | 0.24%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Teva Pharmaceutical Finance Netherlands III B.V.       | Teva Pharmaceuticals 3.15%, Due 10/01/2026                              | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | US        |   1571000 | PA      | $1540485.21   | 0.22%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Brunswick Corporation                                  | Brunswick Corporation/DE 2.400%, Due 08/18/2031                         | CUSIP: 117043AT6<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | DBT              | CORP              | US        |   4798000 | PA      | $4080057.12   | 0.57%             | 2031-08-18      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 2.000%, Due 01/01/2051            | CUSIP: 3140XFXA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4412082 | PA      | $3525936.62   | 0.50%             | 2051-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LKQ Corporation                                        | LKQ Corp 6.25%, Due 06/15/2033                                          | CUSIP: 501889AF6<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |   4550000 | PA      | $4794338.23   | 0.67%             | 2033-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TOYOTA AUTO RECEIVABLES 2025-A OWNE                    | Toyota Auto Owner Trust 2025-A 4.64%, Due 08/15/2029                    | CUSIP: 89240JAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2435000 | PA      | $2457467.01   | 0.35%             | 2029-08-15      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Silgan Holdings Inc.                                   | Silgan Holdings Incorporated 4.125% Due 02/01/2028                      | CUSIP: 827048AW9<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $1892333.52   | 0.27%             | 2028-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                       | FHLMC Super 30Y Fixed 2.50%, Due 06/01/2051                             | CUSIP: 3132DWBU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |   9810854 | PA      | $8184374.14   | 1.15%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                  | Federal National Mortgage Association 4.000%, Due 05/01/2052            | CUSIP: 31418EES5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11599507 | PA      | $10808078.45  | 1.52%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                  | Bank of America Corp 1.898% Due 07/23/2031                              | CUSIP: 06051GJF7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  13475000 | PA      | $11840121.50  | 1.66%             | 2031-07-23      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PG&E Corporation                                       | PG&E Corporation Sr Sec Glbl Nt28 5% DUE 7/1/2028                       | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   4866000 | PA      | $4739739.37   | 0.67%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** SBH Plus Bond Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** Assistant Treasurer