# EDGAR Filing Document

**Accession Number:** 0000357298
**File Stem:** 0001410368-26-026280
**Filing Date:** 2026-3
**Character Count:** 71750
**Document Hash:** a4023a262023f12662b00ae6c84de22b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-026280.hdr.sgml**: 20260316

**ACCESSION NUMBER**: 0001410368-26-026280

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260316

**DATE AS OF CHANGE**: 20260316

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PERMANENT PORTFOLIO FAMILY OF FUNDS
- **CENTRAL INDEX KEY:** 0000357298

**ORGANIZATION NAME:**
- **EIN:** 942788165
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03379
- **FILM NUMBER:** 26756201

**BUSINESS ADDRESS:**
- **STREET 1:** 600 MONTGOMERY STREET
- **STREET 2:** SUITE 4100
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111
- **BUSINESS PHONE:** 4153988000

**MAIL ADDRESS:**
- **STREET 1:** 600 MONTGOMERY STREET
- **STREET 2:** SUITE 4100
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PERMANENT PORTFOLIO FAMILY OF FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PERMANENT PORTFOLIO FUND INC
- **DATE OF NAME CHANGE:** 19890330

## Series and Classes Contracts Data

### Permanent Portfolio (Series ID: S000006016)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000016538 | Class I      | PRPFX           |
| C000170323 | Class C      | PRPHX           |
| C000170324 | Class A      | PRPDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** PERMANENT PORTFOLIO FAMILY OF FUNDS

- **b. Investment Company Act file number:** 811-03379

- **c. CIK number of Registrant:** 0000357298

- **d. LEI of Registrant:** 5493002D7HL9TL3C1F60

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

  - **Street Address 1:** 600 MONTGOMERY STREET

  - **City:** SAN FRANCISCO

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94111

  - **Telephone number:** 415-398-8000

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

- **a. Name of Series:** Permanent Portfolio

- **b. EDGAR series identifier (if any):** S000006016

- **c. LEI of Series:** 5493002A59Q3VCT85K80

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $7234422927.80

**Total Liabilities:** $4957675.55

**Net Assets:** $7229465252.25

**Cash Not Reported:** $56987306.86

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -7349.89000000 | **1-Year:** -133795.34000000 | **5-Year:** -184525.76000000 | **10-Year:** -18584.98000000 | **30-Year:** -855.23000000

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

- **3-Month:** -26.13000000 | **1-Year:** -3197.37000000 | **5-Year:** -1273.24000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000016538 | 1.66%                | 2.78%                | 4.78%                |
| Class ID C000170323 | 1.58%                | 2.68%                | 4.71%                |
| Class ID C000170324 | 1.64%                | 2.74%                | 4.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1150102.89              | $97982392.87                               |
| Month 2  | $58155.88                | $169493191.71                              |
| Month 3  | $290358.74               | $314822800.21                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADVANCE AUTO PARTS               | Advance Auto Parts Inc                  | CUSIP: 00751YAF3<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7106763.75    | 0.10%             | 2027-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Affirm Holdings Inc              | Affirm Holdings Inc                     | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    400000 | NS      | $24120000.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc         | Agilent Technologies Inc                | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |    100000 | NS      | $13385000.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc   | Air Products and Chemicals Inc          | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     60000 | NS      | $16350000.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS         | Air Products and Chemicals Inc          | CUSIP: 009158BP0<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10267730.00   | 0.14%             | 2032-10-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Albemarle Corp                   | Albemarle Corp                          | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |    100000 | NS      | $17063000.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ALCON FINANCE CORP               | Alcon Finance Corp                      | CUSIP: 01400EAA1<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14870023.80   | 0.21%             | 2026-09-23      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Alexander & Baldwin Inc          | Alexander & Baldwin Inc                 | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               |  | US        |    200000 | NS      | $4148000.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGHANY CORP                   | Alleghany Corp                          | CUSIP: 017175AE0<br>LEI: 549300DCJE6AYX159479 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24463950.00   | 0.34%             | 2030-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| American Tower Corp              | American Tower Corp                     | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |    200000 | NS      | $35856000.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                        | Amgen Inc                               | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     60000 | NS      | $20512800.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                         | APA Corp                                | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |    550000 | NS      | $14525500.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                    | AppLovin Corp                           | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     80000 | NS      | $37848800.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS-MIDLAND C         | Archer-Daniels-Midland Co               | CUSIP: 039483AR3<br>LEI: 549300LO13MQ9HYSTR83 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10728850.00   | 0.15%             | 2029-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| ARM Holdings PLC                 | ARM Holdings PLC                        | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |    175000 | NS      | $18438000.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                     | Autodesk Inc                            | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |     60000 | NS      | $15172200.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc        | AvalonBay Communities Inc               | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |    150000 | NS      | $26650500.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AVNET INC                        | Avnet Inc                               | CUSIP: 053807AS2<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12505418.75   | 0.17%             | 2026-04-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BHP BILLITON FIN USA LTD         | BHP Billiton Finance USA Ltd            | CUSIP: 055451AY4<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |   7500000 | PA      | $7504871.25    | 0.10%             | 2026-02-27      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BP PLC                           | BP PLC                                  | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    350000 | NS      | $13258000.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                    | BHP Group Ltd                           | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |    425000 | NS      | $29210250.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BIO-RAD LABS                     | Bio-Rad Laboratories Inc                | CUSIP: 090572AR9<br>LEI: 549300ZC1GPV35XYDK53 | Long             | DBT              | CORP              | US        |  12590000 | PA      | $12488562.37   | 0.17%             | 2027-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Birchcliff Energy Ltd            | Birchcliff Energy Ltd                   | CUSIP: 090697103<br>LEI: 5493000BBN3EF2L0XW29 | Long             | EC               | CORP              | CA        |   3000000 | NS      | $16140000.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                          | BXP Inc                                 | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               |  | US        |    250000 | NS      | $16167500.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON PROPERTIES LP             | Boston Properties LP                    | CUSIP: 10112RAX2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |  14910000 | PA      | $14906600.52   | 0.21%             | 2026-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS         | Brandywine Operating Partnership LP     | CUSIP: 105340AQ6<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              |  | US        |   5000000 | PA      | $4911667.50    | 0.07%             | 2027-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO          | Bristol-Myers Squibb Co                 | CUSIP: 110122AB4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5103580.60    | 0.07%             | 2026-11-15      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS FINANCE INC          | BAE Systems Finance Inc                 | CUSIP: 11041RAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12500000 | PA      | $13111905.25   | 0.18%             | 2027-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                     | Broadcom Inc                            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    200000 | NS      | $66260000.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN & BROWN INC                | Brown & Brown Inc                       | CUSIP: 115236AB7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10080419.50   | 0.14%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BROWN-FORMAN CORP                | Brown-Forman Corp                       | CUSIP: 115637AT7<br>LEI: 549300873K3LXF7ARU34 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $10794492.00   | 0.15%             | 2038-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSX CORP                         | CSX Corp                                | CUSIP: 126408HM8<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15136837.50   | 0.21%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC               | Coterra Energy Inc                      | CUSIP: 127097AG8<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12476181.25   | 0.17%             | 2027-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC               | Coterra Energy Inc                      | CUSIP: 127097AK9<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12575512.50   | 0.17%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CAMDEN PROPERTY TRUST            | Camden Property Trust                   | CUSIP: 133131AW2<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              |  | US        |  20000000 | PA      | $20048570.00   | 0.28%             | 2028-10-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| CAMDEN PROPERTY TRUST            | Camden Property Trust                   | CUSIP: 133131BA9<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              |  | US        |  10000000 | PA      | $10125500.00   | 0.14%             | 2026-11-03      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Cameco Corp                      | Cameco Corp                             | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |    500000 | NS      | $61695000.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMPBELLS COMPANY/THE            | Campbell's Company/The                  | CUSIP: 134429BG3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20009110.00   | 0.28%             | 2028-03-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd   | Canadian Natural Resources Ltd          | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    550000 | NS      | $20465500.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd | Canadian Pacific Kansas City Ltd        | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    200000 | NS      | $14868000.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY         | Canadian Pacific Railway Co             | CUSIP: 13648TAC1<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |  12500000 | PA      | $12018375.00   | 0.17%             | 2029-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Centerspace                      | Centerspace                             | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               |  | US        |    275000 | NS      | $17674250.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                     | Chevron Corp                            | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    275000 | NS      | $48647500.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| COTERRA ENERGY OP CO             | Coterra Energy Operating Co             | CUSIP: 171798AD3<br>LEI: 11KYOFXPU1C4CQL1CL44 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5135954.25    | 0.07%             | 2027-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY OP CO             | Coterra Energy Operating Co             | CUSIP: 171798AE1<br>LEI: 11KYOFXPU1C4CQL1CL44 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6528876.25    | 0.09%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CINCINNATI FINL CORP             | Cincinnati Financial Corp               | CUSIP: 172062AF8<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $13277012.50   | 0.18%             | 2028-05-15      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| CITADEL FINANCE LLC              | Citadel Finance LLC                     | CUSIP: 17287HAA8<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7492216.73    | 0.10%             | 2026-03-09      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC               | Conagra Brands Inc                      | CUSIP: 205887AF9<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |  17500000 | PA      | $17829463.75   | 0.25%             | 2026-10-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips                   | ConocoPhillips                          | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |    300000 | NS      | $31269000.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT DEFENSE PROP LP             | COPT Defense Properties LP              | CUSIP: 22003BAN6<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              |  | US        |  12500000 | PA      | $11757268.75   | 0.16%             | 2029-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Costco Wholesale Corp            | Costco Wholesale Corp                   | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     50000 | NS      | $47012500.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                        | CubeSmart                               | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               |  | US        |    450000 | NS      | $16888500.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CUBESMART LP                     | CubeSmart LP                            | CUSIP: 22966RAD8<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              |  | US        |  24250000 | PA      | $24114757.75   | 0.33%             | 2026-09-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corp                | Devon Energy Corp                       | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    550000 | NS      | $22115500.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| DEVON ENERGY CORPORATION         | Devon Energy Corp                       | CUSIP: 25179MBD4<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |   9008000 | PA      | $9022674.03    | 0.12%             | 2027-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION         | Devon Energy Corp                       | CUSIP: 25179MBE2<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |  13016000 | PA      | $13037489.42   | 0.18%             | 2028-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC           | Diamondback Energy Inc                  | CUSIP: 25278XAM1<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |  17500000 | PA      | $17399515.00   | 0.24%             | 2026-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust Inc         | Digital Realty Trust Inc                | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |    150000 | NS      | $24892500.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The               | Walt Disney Co/The                      | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    100000 | NS      | $11280000.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY MISSISSIPPI LLC          | Entergy Mississippi LLC                 | CUSIP: 29364NAU2<br>LEI: 54930043I78H35DVVW89 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7383626.25    | 0.10%             | 2027-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Essex Property Trust Inc         | Essex Property Trust Inc                | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               |  | US        |    100000 | NS      | $25187000.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                 | Exxon Mobil Corp                        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    275000 | NS      | $38885000.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc               | Meta Platforms Inc                      | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    160000 | NS      | $114640000.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust  | Federal Realty Investment Trust         | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               |  | US        |    200000 | NS      | $20232000.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                       | FedEx Corp                              | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     60000 | NS      | $19335000.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST INDUSTRIAL LP              | First Industrial LP                     | CUSIP: 32055RAS6<br>LEI: 86MKNB3IKYZZT3E3OV11 | Long             | DBT              |  | US        |  30000000 | PA      | $30540135.00   | 0.42%             | 2031-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO         | Florida Power & Light Co                | CUSIP: 341081GN1<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15190237.50   | 0.21%             | 2028-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO         | Florida Power & Light Co                | CUSIP: 341081GT8<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $31130835.00   | 0.43%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fluor Corp                       | Fluor Corp                              | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |    250000 | NS      | $11547500.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc             | Freeport-McMoRan Inc                    | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |   2400000 | NS      | $144552000.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GLENCORE FUNDING LLC             | Glencore Funding LLC                    | CUSIP: 378272BK3<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12847293.75   | 0.18%             | 2028-05-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| GOLD BULLION                     | GOLD BULLION                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    232340 | NS      | $1095225649.87 | 15.15%            |  |  |  | No            |                  1 | On Loan: No      |
| GOLD CANADIAN MAPLE LEAF         | GOLD CANADIAN MAPLE LEAF                | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     40000 | NS      | $198201927.44  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLD/US GOLDEN EAGLES            | GOLD/US GOLDEN EAGLES                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     50000 | NS      | $248075803.65  | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                 | HF Sinclair Corp                        | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |    275000 | NS      | $14297250.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGHWOODS REALTY LP              | Highwoods Realty LP                     | CUSIP: 431282AQ5<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              |  | US        |  10000000 | PA      | $9942040.00    | 0.14%             | 2028-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Highwoods Properties Inc         | Highwoods Properties Inc                | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               |  | US        |    350000 | NS      | $9047500.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| JB HUNT TRANSPRT SVCS            | JB Hunt Transport Services Inc          | CUSIP: 445658CF2<br>LEI: 549300XCD1MPI1C5GK90 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12497875.00   | 0.17%             | 2026-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JB HUNT TRANSPRT SVCS            | JB Hunt Transport Services Inc          | CUSIP: 445658CG0<br>LEI: 549300XCD1MPI1C5GK90 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20444730.00   | 0.28%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MOSAIC GLOBAL HOLDINGS           | Mosaic Global Holdings Inc              | CUSIP: 449669AK6<br>LEI: KUTUVC11L8A25EW5LZ75 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $13103000.00   | 0.18%             | 2028-01-15      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| IPG Photonics Corp               | IPG Photonics Corp                      | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |    150000 | NS      | $13861500.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc          | Illinois Tool Works Inc                 | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     90000 | NS      | $23513400.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC          | Imperial Brands Finance PLC             | CUSIP: 45262BAB9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   5621000 | PA      | $5602099.39    | 0.08%             | 2026-07-26      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KELLANOVA                        | Kellanova                               | CUSIP: 487836BX5<br>LEI: LONOZNOJYIBXOHXWDB86 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $13744395.00   | 0.19%             | 2030-06-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| KENNAMETAL INC                   | Kennametal Inc                          | CUSIP: 489170AE0<br>LEI: 549300GZDSG25XUV0Y08 | Long             | DBT              | CORP              | US        |  17500000 | PA      | $17646448.75   | 0.24%             | 2028-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES            | Keysight Technologies Inc               | CUSIP: 49338LAE3<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15076222.50   | 0.21%             | 2027-04-06      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES            | Keysight Technologies Inc               | CUSIP: 49338LAH6<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15587167.50   | 0.22%             | 2030-07-30      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Kimco Realty Corp                | Kimco Realty Corp                       | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               |  | US        |    550000 | NS      | $11594000.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMCO REALTY OP LLC              | Kimco Realty OP LLC                     | CUSIP: 49446RAP4<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |   6025000 | PA      | $5984632.50    | 0.08%             | 2026-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                | Kinder Morgan Inc                       | CUSIP: 494553AD2<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |  32500000 | PA      | $33351207.50   | 0.46%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KIRBY CORPORATION                | Kirby Corp                              | CUSIP: 497266AC0<br>LEI: I7NO6FZO5GUCG585T325 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7497896.25    | 0.10%             | 2028-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Lennar Corp                      | Lennar Corp                             | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |    125000 | NS      | $13668750.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LENNAR CORP                      | Lennar Corp                             | CUSIP: 526057CD4<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |  35000000 | PA      | $35346465.00   | 0.49%             | 2027-11-29      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| LXP INDUSTRIAL TRUST             | LXP Industrial Trust                    | CUSIP: 529043AF8<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              |  | US        |  14826000 | PA      | $15692253.53   | 0.22%             | 2028-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp             | Lockheed Martin Corp                    | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     50000 | NS      | $31711000.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| LOEWS CORP                       | Loews Corp                              | CUSIP: 540424AT5<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | DBT              | CORP              | US        |  22500000 | PA      | $21556327.50   | 0.30%             | 2030-05-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| SWITZERLAND                      | Swiss Confederation Government Bond     | CUSIP: 000000000<br>LEI: 5067006OA1BJ88912Q83 | Long             | DBT              | NUSS              | CH        |  15000000 | PA      | $21166289.37   | 0.29%             | 2028-04-08      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lululemon Athletica Inc          | Lululemon Athletica Inc                 | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     50000 | NS      | $8725000.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MANUF & TRADERS TRUST CO         | Manufacturers & Traders Trust Co        | CUSIP: 55279HAW0<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15204412.50   | 0.21%             | 2028-01-27      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIAL         | Martin Marietta Materials Inc           | CUSIP: 573284AV8<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $23322500.00   | 0.32%             | 2030-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                   | Mastercard Inc                          | CUSIP: 57636QAZ7<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15279817.50   | 0.21%             | 2034-05-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MERCURY GENERAL CORP             | Mercury General Corp                    | CUSIP: 589400AB6<br>LEI: 5493001Q9EXPCEL4W527 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9986530.00    | 0.14%             | 2027-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS           | Mid-America Apartments LP               | CUSIP: 59523UAN7<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              |  | US        |  17500000 | PA      | $17438225.00   | 0.24%             | 2027-06-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Millrose Properties Inc          | Millrose Properties Inc                 | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               |  | US        |    500000 | NS      | $14900000.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                   | Morgan Stanley                          | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |    200000 | NS      | $36560000.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MOSAIC CO                        | Mosaic Co/The                           | CUSIP: 61945CAG8<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |  17500000 | PA      | $17513851.25   | 0.24%             | 2027-11-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Murphy Oil Corp                  | Murphy Oil Corp                         | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    550000 | NS      | $16549500.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS CO             | National Fuel Gas Co                    | CUSIP: 636180BN0<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $24922737.50   | 0.34%             | 2027-09-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| NESTLE CAPITAL CORP              | Nestle Capital Corp                     | CUSIP: 64105MAB7<br>LEI: 549300VIRTXBZ81J0S95 | Long             | DBT              | CORP              | US        |  17500000 | PA      | $17963338.75   | 0.25%             | 2031-03-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Viper Energy Inc                 | Viper Energy Inc                        | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    450000 | NS      | $19053000.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHROP GRUMMAN CORP            | Northrop Grumman Corp                   | CUSIP: 666807BN1<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |  17500000 | PA      | $17281407.50   | 0.24%             | 2028-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Nucor Corp                       | Nucor Corp                              | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |    125000 | NS      | $22215000.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                      | NVIDIA Corp                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    750000 | NS      | $143347500.00  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                      | Nutrien Ltd                             | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |    300000 | NS      | $20667000.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NUTRIEN LTD                      | Nutrien Ltd                             | CUSIP: 67077MAE8<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |  10000000 | PA      | $10045265.00   | 0.14%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp        | Occidental Petroleum Corp               | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |    450000 | NS      | $20425500.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp        | Occidental Petroleum Corp               | CUSIP: 674599162<br>LEI: IM7X0T3ECJW4C1T7ON55 | N/A              | DE               |  | US        |    100000 | NS      | $2353000.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK INC                        | ONEOK Inc                               | CUSIP: 682680AB9<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   9750000 | PA      | $10406170.13   | 0.14%             | 2028-09-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                        | ONEOK Inc                               | CUSIP: 682680CM3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20410020.00   | 0.28%             | 2028-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Outfront Media Inc               | Outfront Media Inc                      | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               |  | US        |    850000 | NS      | $20672000.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                      | Ovintiv Inc                             | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |    450000 | NS      | $19561500.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| OVINTIV INC                      | Ovintiv Inc                             | CUSIP: 69047QAB8<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |  25000000 | PA      | $25793212.50   | 0.36%             | 2028-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Palantir Technologies Inc        | Palantir Technologies Inc               | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |   1025000 | NS      | $150254750.00  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp             | Parker-Hannifin Corp                    | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     50000 | NS      | $46792000.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| PERNOD RIC INTL FIN LLC          | Pernod Ricard International Finance LLC | CUSIP: 71427QAA6<br>LEI: 5493009254WI1A8WXT48 | Long             | DBT              | CORP              | US        |  40000000 | PA      | $37691840.00   | 0.52%             | 2028-04-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| CONOCOPHILLIPS                   | ConocoPhillips                          | CUSIP: 718507BK1<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | DBT              | CORP              | US        |   9300000 | PA      | $10033704.90   | 0.14%             | 2029-03-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Phillips 66                      | Phillips 66                             | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    100000 | NS      | $14356000.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PIONEER NATURAL RESOURCE         | Pioneer Natural Resources Co            | CUSIP: 723787AB3<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15922815.00   | 0.22%             | 2028-01-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Prologis Inc                     | Prologis Inc                            | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |    225000 | NS      | $29376000.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTEGROUP INC                   | PulteGroup Inc                          | CUSIP: 745867AW1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15000000 | PA      | $15000922.50   | 0.21%             | 2026-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Quantum Computing Inc            | Quantum Computing Inc                   | CUSIP: 74766W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    400000 | NS      | $3708000.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM INTERNATIONAL INC            | RPM International Inc                   | CUSIP: 749685AV5<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9960050.00    | 0.14%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| RAYONIER LP                      | Rayonier LP                             | CUSIP: 75508XAA4<br>LEI: 5493004X96PV3VY6KB95 | Long             | DBT              |  | US        |  17063000 | PA      | $15494347.22   | 0.21%             | 2031-05-17      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Regency Centers Corp             | Regency Centers Corp                    | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |    275000 | NS      | $20039250.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS LP               | Regency Centers LP                      | CUSIP: 75884RAV5<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |  15000000 | PA      | $14948535.00   | 0.21%             | 2027-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP               | Regency Centers LP                      | CUSIP: 75884RAX1<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |  10000000 | PA      | $10026455.00   | 0.14%             | 2028-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP               | Regency Centers LP                      | CUSIP: 75884RAZ6<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |  12500000 | PA      | $12001937.50   | 0.17%             | 2029-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP               | Regency Centers LP                      | CUSIP: 75884RBA0<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |  15000000 | PA      | $14695905.00   | 0.20%             | 2030-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC            | Republic Services Inc                   | CUSIP: 760759BB5<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10242525.00   | 0.14%             | 2029-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                    | Rio Tinto PLC                           | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |    425000 | NS      | $38687750.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKWELL AUTOMATION INC          | Rockwell Automation Inc                 | CUSIP: 773903AB5<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $10518435.00   | 0.15%             | 2028-01-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Ryder System Inc                 | Ryder System Inc                        | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     75000 | NS      | $14346000.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| RYDER SYSTEM INC                 | Ryder System Inc                        | CUSIP: 78355HKS7<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12341775.00   | 0.17%             | 2026-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp/The          | Charles Schwab Corp/The                 | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    250000 | NS      | $25980000.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SHERWIN-WILLIAMS CO              | Sherwin-Williams Co/The                 | CUSIP: 824348BT2<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20464110.00   | 0.28%             | 2031-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SILVER BULLION                   | SILVER BULLION                          | CUSIP: 000000000<br>LEI: 549300K5UO8EHJNL6Y67 | Long             | STIV             | CORP              | US        |   6759398 | NS      | $529193247.26  | 7.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc         | Simon Property Group Inc                | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |    125000 | NS      | $23913750.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWORKS SOLUTIONS INC           | Skyworks Solutions Inc                  | CUSIP: 83088MAL6<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | DBT              | CORP              | US        |  17500000 | PA      | $15910886.25   | 0.22%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                    | J M Smucker Co/The                      | CUSIP: 832696AR9<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19794020.00   | 0.27%             | 2027-12-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| South32 Ltd                      | South32 Ltd                             | CUSIP: 84473L105<br>LEI: 213800LAZNPXSBKVHR17 | Long             | EC               | CORP              | AU        |    500000 | NS      | $7835000.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc              | STAG Industrial Inc                     | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               |  | US        |    500000 | NS      | $18755000.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                | State Street Corp                       | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |    150000 | NS      | $19629000.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Structure Therapeutics Inc       | Structure Therapeutics Inc              | CUSIP: 86366E106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    350000 | NS      | $30957500.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SUN COMMUNITIES OPER LP          | Sun Communities Operating LP            | CUSIP: 866677AF4<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              |  | US        |  25000000 | PA      | $23780550.00   | 0.33%             | 2028-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Texas Pacific Land Corp          | Texas Pacific Land Corp                 | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    570000 | NS      | $198565200.00  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                       | Twilio Inc                              | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |    150000 | NS      | $18069000.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS GROUP AG                     | UBS Group AG                            | CUSIP: 902613BB3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  25000000 | PA      | $25031700.00   | 0.35%             | 2026-04-17      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| UDR Inc                          | UDR Inc                                 | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               |  | US        |    350000 | NS      | $13002500.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR INC                          | UDR Inc                                 | CUSIP: 90265EAL4<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |  10000000 | PA      | $9946690.00    | 0.14%             | 2026-09-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| UDR INC                          | UDR Inc                                 | CUSIP: 90265EAP5<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |  29750000 | PA      | $29985054.75   | 0.41%             | 2029-01-26      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| UMH Properties Inc               | UMH Properties Inc                      | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               |  | US        |    650000 | NS      | $10159500.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc            | Uber Technologies Inc                   | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    250000 | NS      | $20012500.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP               | Union Pacific Corp                      | CUSIP: 907818FU7<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |  35000000 | PA      | $32043935.00   | 0.44%             | 2031-05-20      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UPS OF AMERICA INC               | United Parcel Service of America Inc    | CUSIP: 911308AB0<br>LEI: 1T2XGWDXQ30WC74GIJ96 | Long             | DBT              | CORP              | US        |  22500000 | PA      | $25429623.75   | 0.35%             | 2030-04-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury           | U.S. Treasury Bills                     | CUSIP: 912797PM3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25000000 | PA      | $24957497.00   | 0.35%             | 2026-02-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury           | U.S. Treasury Bills                     | CUSIP: 912797RT6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 100000000 | PA      | $99900549.00   | 1.38%             | 2026-02-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury           | U.S. Treasury Bonds                     | CUSIP: 912810QA9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  95000000 | PA      | $86096528.75   | 1.19%             | 2039-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury           | U.S. Treasury Bonds                     | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  95000000 | PA      | $66092625.75   | 0.91%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury           | U.S. Treasury Notes                     | CUSIP: 91282CGB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  55000000 | PA      | $55332224.20   | 0.77%             | 2029-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury           | U.S. Treasury Notes                     | CUSIP: 91282CHH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  55000000 | PA      | $55112554.75   | 0.76%             | 2026-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury           | U.S. Treasury Notes                     | CUSIP: 91282CKK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  55000000 | PA      | $55152367.60   | 0.76%             | 2026-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury           | U.S. Treasury Notes                     | CUSIP: 91282CLG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  55000000 | PA      | $55184857.20   | 0.76%             | 2027-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury           | U.S. Treasury Notes                     | CUSIP: 91282CNE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  60000000 | PA      | $60273268.20   | 0.83%             | 2027-05-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury           | U.S. Treasury Notes                     | CUSIP: 91282CNW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  75000000 | PA      | $74485499.25   | 1.03%             | 2032-08-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury           | U.S. Treasury Notes                     | CUSIP: 91282CPK1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  75000000 | PA      | $74821391.25   | 1.03%             | 2028-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Vale SA                          | Vale SA                                 | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    500000 | NS      | $8035000.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                         | Visa Inc                                | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     60000 | NS      | $19309800.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust             | Vornado Realty Trust                    | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               |  | US        |    350000 | NS      | $11158000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS CO              | Vulcan Materials Co                     | CUSIP: 929160AZ2<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |  30000000 | PA      | $29041950.00   | 0.40%             | 2030-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WESTLAKE CORP                    | Westlake Corp                           | CUSIP: 960413AT9<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19914810.00   | 0.28%             | 2026-08-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co                  | Weyerhaeuser Co                         | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |    600000 | NS      | $15468000.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| WEYERHAEUSER CO                  | Weyerhaeuser Co                         | CUSIP: 962166AW4<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              |  | US        |  12500000 | PA      | $13062462.50   | 0.18%             | 2027-10-01      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COS INC                 | Williams Cos Inc/The                    | CUSIP: 969457BD1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $8566050.00    | 0.12%             | 2031-06-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC           | Williams Cos Inc/The                    | CUSIP: 969457CK4<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |  22000000 | PA      | $22653169.00   | 0.31%             | 2028-08-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Williams-Sonoma Inc              | Williams-Sonoma Inc                     | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |    100000 | NS      | $20465000.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Ltd                 | Wynn Resorts Ltd                        | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |    100000 | NS      | $10745000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| YARA INTERNATIONAL ASA           | Yara International ASA                  | CUSIP: 984851AD7<br>LEI: 213800WKOUWXWFJ5Z514 | Long             | DBT              | CORP              | NO        |   5000000 | PA      | $5012480.00    | 0.07%             | 2026-06-06      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                       | Zoetis Inc                              | CUSIP: 98978VAW3<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20119610.00   | 0.28%             | 2028-08-17      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| SWITZERLAND                      | Swiss Confederation Government Bond     | CUSIP: 000000000<br>LEI: 5067006OA1BJ88912Q83 | Long             | DBT              | NUSS              | CH        |  75000000 | PA      | $97450035.57   | 1.35%             | 2026-05-28      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| SWITZERLAND                      | Swiss Confederation Government Bond     | CUSIP: 000000000<br>LEI: 5067006OA1BJ88912Q83 | Long             | DBT              | NUSS              | CH        | 100000000 | PA      | $132216544.85  | 1.83%             | 2030-05-27      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| SWITZERLAND                      | Swiss Confederation Government Bond     | CUSIP: 000000000<br>LEI: 5067006OA1BJ88912Q83 | Long             | DBT              | NUSS              | CH        | 130000000 | PA      | $168684690.51  | 2.33%             | 2029-06-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SWITZERLAND                      | Swiss Confederation Government Bond     | CUSIP: 000000000<br>LEI: 5067006OA1BJ88912Q83 | Long             | DBT              | NUSS              | CH        |  65000000 | PA      | $86235043.01   | 1.19%             | 2032-06-27      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| SWITZERLAND                      | Swiss Confederation Government Bond     | CUSIP: 000000000<br>LEI: 5067006OA1BJ88912Q83 | Long             | DBT              | NUSS              | CH        |  10000000 | PA      | $12772136.34   | 0.18%             | 2034-06-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SWITZERLAND                      | Swiss Confederation Government Bond     | CUSIP: 000000000<br>LEI: 5067006OA1BJ88912Q83 | Long             | DBT              | NUSS              | CH        |  40000000 | PA      | $54237112.74   | 0.75%             | 2027-06-27      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-13

**Name of Applicant:** PERMANENT PORTFOLIO FAMILY OF FUNDS

**Signature:** Michael J Cuggino

**Name of Signer:** Michael J Cuggino

**Title:** President, Secretary and Trustee