# EDGAR Filing Document

**Accession Number:** 0000912577
**File Stem:** 0001193125-25-292306
**Filing Date:** 2025-11
**Character Count:** 372558
**Document Hash:** 87db3691d37d1f01ca7c90a753b058e8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-292306.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001193125-25-292306

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FEDERATED HERMES INSURANCE SERIES
- **CENTRAL INDEX KEY:** 0000912577

**ORGANIZATION NAME:**
- **EIN:** 256425525
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08042
- **FILM NUMBER:** 251509840

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED INSURANCE SERIES
- **DATE OF NAME CHANGE:** 19960328

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** INSURANCE MANAGEMENT SERIES
- **DATE OF NAME CHANGE:** 19930924

## Series and Classes Contracts Data

### Federated Hermes Managed Volatility Fund II (Series ID: S000009746)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000026773 | Primary Shares |  |
| C000199834 | Service Shares |  |

## Nport-Ex

Federated Hermes Managed Volatility Fund II

Portfolio of Investments

September 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Shares,** <br>**Principal** <br>**Amount** <br>**or Contracts**<br>|  | **Value** |
|  | COMMON STOCKS—41.6% |  |
|  | **Communication Services—3.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3478 | Alphabet, Inc., Class A | &nbsp;&nbsp; $845502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4998 | Alphabet, Inc., Class C | &nbsp;&nbsp; 1217263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200<br><sup>1</sup> <br>| AST SpaceMobile, Inc. | &nbsp;&nbsp; 9816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 23624 | AT&T, Inc. | &nbsp;&nbsp; 667142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11971 | Comcast Corp., Class A | &nbsp;&nbsp; 376129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7200<br><sup>1</sup> <br>| Criteo S.A., ADR | &nbsp;&nbsp; 162720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1992 | Electronic Arts, Inc. | &nbsp;&nbsp; 401786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5754<br><sup>1</sup> <br>| Liberty Global Ltd. | &nbsp;&nbsp; 65941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 683<br><sup>1</sup> <br>| Liberty Media Corp. - OLD | &nbsp;&nbsp; 64407 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 563 | Meta Platforms, Inc. | &nbsp;&nbsp; 413456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42 | Nexstar Media Group, Inc., Class A | &nbsp;&nbsp; 8305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1012 | Sirius XM Radio, Inc. | &nbsp;&nbsp; 23554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1267<br><sup>1</sup> <br>| Take-Two Interactive Software, Inc. | &nbsp;&nbsp; 327342 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 412 | T-Mobile USA, Inc. | &nbsp;&nbsp; 98625 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7212 | Verizon Communications, Inc. | &nbsp;&nbsp; 316967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4617 | Walt Disney Co. | &nbsp;&nbsp; 528646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6170<br><sup>1</sup> <br>| Warner Bros. Discovery, Inc. | &nbsp;&nbsp; 120500 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5648101 |
|  | **Consumer Discretionary—3.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 40591 | ADT, Inc. | &nbsp;&nbsp; 353548 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4675<br><sup>1</sup> <br>| Amazon.com, Inc. | &nbsp;&nbsp; 1026490 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51<br><sup>1</sup> <br>| AutoZone, Inc. | &nbsp;&nbsp; 218802 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4806 | Bath & Body Works, Inc. | &nbsp;&nbsp; 123803 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 66 | Booking Holdings, Inc. | &nbsp;&nbsp; 356352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 376 | BorgWarner, Inc. | &nbsp;&nbsp; 16529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 793 | Boyd Gaming Corp. | &nbsp;&nbsp; 68555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202<br><sup>1</sup> <br>| Bright Horizons Family Solutions, Inc. | &nbsp;&nbsp; 21931 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13<br><sup>1</sup> <br>| Carnival Corp. | &nbsp;&nbsp; 376 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9600<br><sup>1</sup> <br>| Cirsa Enterprises S.A. | &nbsp;&nbsp; 174898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 753<br><sup>1</sup> <br>| Crocs, Inc. | &nbsp;&nbsp; 62913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298 | D. R. Horton, Inc. | &nbsp;&nbsp; 50502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3518 | eBay, Inc. | &nbsp;&nbsp; 319962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3943<br><sup>1</sup> <br>| Etsy, Inc. | &nbsp;&nbsp; 261776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435<br><sup>1</sup> <br>| Five Below, Inc. | &nbsp;&nbsp; 67294 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3224 | Ford Motor Co. | &nbsp;&nbsp; 38559 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2604 | General Motors Co. | &nbsp;&nbsp; 158766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3937 | Hasbro, Inc. | &nbsp;&nbsp; 298621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000<br><sup>1</sup> <br>| HBX Group International PLC | &nbsp;&nbsp; 211996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 715 | Home Depot, Inc. | &nbsp;&nbsp; 289711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000<br><sup>1</sup> <br>| KinderCare Learning Cos., Inc. | &nbsp;&nbsp; 66400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1507 | Lowe's Cos., Inc. | &nbsp;&nbsp; 378724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122<br><sup>1</sup> <br>| Lululemon Athletica, Inc. | &nbsp;&nbsp; 21707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 104 | Macy's, Inc. | &nbsp;&nbsp; 1865 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1021 | McDonald's Corp. | &nbsp;&nbsp; 310272 |

---

**1**

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---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Consumer Discretionary—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1640<br><sup>1</sup> <br>| O'Reilly Automotive, Inc. | &nbsp;&nbsp; $176808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287 | Ralph Lauren Corp. | &nbsp;&nbsp; 89992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10144<br><sup>1</sup> <br>| Rivian Automotive, Inc. | &nbsp;&nbsp; 148914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9600<br><sup>1</sup> <br>| Savers Value Village, Inc. | &nbsp;&nbsp; 127200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1567 | Tapestry, Inc. | &nbsp;&nbsp; 177416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57<br><sup>1</sup> <br>| TopBuild Corp. | &nbsp;&nbsp; 22279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2325<br><sup>1</sup> <br>| YETI Holdings, Inc. | &nbsp;&nbsp; 77143 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5720104 |
|  | **Consumer Staples—2.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4452 | Archer-Daniels-Midland Co. | &nbsp;&nbsp; 265963 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2744 | Colgate-Palmolive Co. | &nbsp;&nbsp; 219355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7837 | Conagra Brands, Inc. | &nbsp;&nbsp; 143496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1685 | Constellation Brands, Inc., Class A | &nbsp;&nbsp; 226919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1458<br><sup>1</sup> <br>| Coty, Inc. - CL A | &nbsp;&nbsp; 5890 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 282<br><sup>1</sup> <br>| Darling Ingredients, Inc. | &nbsp;&nbsp; 8705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2616<br><sup>1</sup> <br>| Dollar Tree, Inc. | &nbsp;&nbsp; 246872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2362 | Ingredion, Inc. | &nbsp;&nbsp; 288424 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2412 | Kenvue, Inc. | &nbsp;&nbsp; 39147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1803 | Kimberly-Clark Corp. | &nbsp;&nbsp; 224185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5291 | Kraft Heinz Co./The | &nbsp;&nbsp; 137778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 468 | Lamb Weston Holdings, Inc. | &nbsp;&nbsp; 27181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 925<br><sup>1</sup> <br>| Maplebear, Inc. | &nbsp;&nbsp; 34003 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1187 | PepsiCo, Inc. | &nbsp;&nbsp; 166702 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5286 | Philip Morris International, Inc. | &nbsp;&nbsp; 857389 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4570 | Procter & Gamble Co. | &nbsp;&nbsp; 702181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3178 | Smucker (J.M.) Co. | &nbsp;&nbsp; 345131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 155<br><sup>1</sup> <br>| The Boston Beer Co., Inc., Class A | &nbsp;&nbsp; 32770 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3244<br><sup>1</sup> <br>| US Foods Holding Corp. | &nbsp;&nbsp; 248555 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9089 | WalMart, Inc. | &nbsp;&nbsp; 936712 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 5157358 |
|  | **Energy—2.3%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 649 | Cheniere Energy, Inc. | &nbsp;&nbsp; 152502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3751 | Chevron Corp. | &nbsp;&nbsp; 582493 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2063 | Civitas Resources, Inc. | &nbsp;&nbsp; 67048 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4304 | ConocoPhillips | &nbsp;&nbsp; 407115 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2760 | DT Midstream, Inc. | &nbsp;&nbsp; 312046 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129 | EOG Resources, Inc. | &nbsp;&nbsp; 14463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5562 | EQT Corp. | &nbsp;&nbsp; 302740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9084 | Exxon Mobil Corp. | &nbsp;&nbsp; 1024221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9600<br><sup>1</sup> <br>| Infinity Natural Resources, Inc. | &nbsp;&nbsp; 125856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10185 | Kinder Morgan, Inc. | &nbsp;&nbsp; 288337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8678 | Ovintiv, Inc. | &nbsp;&nbsp; 350418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1618 | TechnipFMC PLC | &nbsp;&nbsp; 63830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7161 | Williams Cos., Inc. | &nbsp;&nbsp; 453649 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4144718 |
|  | **Financials—8.9%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1129 | Affiliated Managers Group, Inc. | &nbsp;&nbsp; 269188 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4927 | AGNC Investment Corp. | &nbsp;&nbsp; 48235 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 462 | American Express Co. | &nbsp;&nbsp; 153458 |

---

**2**

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---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Financials—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6404<br><sup>1</sup> <br>| American Integrity Insurance Group, Inc. | &nbsp;&nbsp; $142873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1028 | American International Group, Inc. | &nbsp;&nbsp; 80739 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3736<br><sup>1</sup> <br>| Arch Capital Group Ltd. | &nbsp;&nbsp; 338967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 15895 | Bank of America Corp. | &nbsp;&nbsp; 820023 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4640 | Bank of New York Mellon Corp. | &nbsp;&nbsp; 505574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4343<br><sup>1</sup> <br>| Berkshire Hathaway, Inc., Class B | &nbsp;&nbsp; 2183400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 62 | BlackRock, Inc. | &nbsp;&nbsp; 72284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 739<br><sup>1</sup> <br>| Block, Inc. | &nbsp;&nbsp; 53408 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 56 | Cboe Global Markets, Inc. | &nbsp;&nbsp; 13734 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 617 | Charles Schwab Corp. | &nbsp;&nbsp; 58905 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20 | Chubb Ltd. | &nbsp;&nbsp; 5645 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3190 | Citigroup, Inc. | &nbsp;&nbsp; 323785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7381 | Citizens Financial Group, Inc. | &nbsp;&nbsp; 392374 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339<br><sup>1</sup> <br>| Coinbase Global, Inc. | &nbsp;&nbsp; 114409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8553 | Corebridge Financial, Inc. | &nbsp;&nbsp; 274124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 809 | Everest Group Ltd. | &nbsp;&nbsp; 283336 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 410 | Fidelity National Information Services, Inc. | &nbsp;&nbsp; 27035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205 | First Citizens Bancshares, Inc., Class A | &nbsp;&nbsp; 366778 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3519<br><sup>1</sup> <br>| Fiserv, Inc. | &nbsp;&nbsp; 453705 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4496 | Global Payments, Inc. | &nbsp;&nbsp; 373528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 485 | Globe Life, Inc. | &nbsp;&nbsp; 69340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245 | Goldman Sachs Group, Inc. | &nbsp;&nbsp; 195106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4530 | Janus Henderson Group PLC | &nbsp;&nbsp; 201630 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7261 | JPMorgan Chase & Co. | &nbsp;&nbsp; 2290337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5197 | MetLife, Inc. | &nbsp;&nbsp; 428077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4723 | MGIC Investment Corp. | &nbsp;&nbsp; 133992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4794 | Morgan Stanley | &nbsp;&nbsp; 762054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5250<br><sup>1</sup> <br>| Neptune Insurance Holdings, Inc., Class A | &nbsp;&nbsp; 105000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255 | Old Republic International Corp. | &nbsp;&nbsp; 10830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000<br><sup>1</sup> <br>| Oportun Financial Corp. | &nbsp;&nbsp; 61700 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 332<br><sup>1</sup> <br>| PayPal Holdings, Inc. | &nbsp;&nbsp; 22264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57 | PNC Financial Services Group, Inc. | &nbsp;&nbsp; 11453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1191 | Progressive Corp., OH | &nbsp;&nbsp; 294118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1626 | Prudential Financial, Inc. | &nbsp;&nbsp; 168681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2142 | Regions Financial Corp. | &nbsp;&nbsp; 56485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1415 | RenaissanceRe Holdings Ltd. | &nbsp;&nbsp; 359311 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 811 | S&P Global, Inc. | &nbsp;&nbsp; 394722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1979 | State Street Corp. | &nbsp;&nbsp; 229584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5293 | Synchrony Financial | &nbsp;&nbsp; 376068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1439 | Synovus Financial Corp. | &nbsp;&nbsp; 70626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2667 | The Hartford Insurance Group, Inc. | &nbsp;&nbsp; 355751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2973 | Unum Group | &nbsp;&nbsp; 231240 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2293 | VOYA Financial, Inc.. | &nbsp;&nbsp; 171516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4485 | Webster Financial Corp. Waterbury | &nbsp;&nbsp; 266588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4526 | Wells Fargo & Co. | &nbsp;&nbsp; 379369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 38656 | Western Union Co. | &nbsp;&nbsp; 308861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1995<br><sup>1</sup> <br>| WEX, Inc. | &nbsp;&nbsp; 314272 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 15624482 |

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**3**

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| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Health Care—5.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1559 | Abbott Laboratories | &nbsp;&nbsp; $208812 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1745<br><sup>1</sup> <br>| AbCellera Biologics, Inc. | &nbsp;&nbsp; 8777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 914 | Agilent Technologies, Inc. | &nbsp;&nbsp; 117312 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 380<br><sup>1</sup> <br>| Align Technology, Inc. | &nbsp;&nbsp; 47584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236<br><sup>1</sup> <br>| Biogen, Inc. | &nbsp;&nbsp; 33059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51<br><sup>1</sup> <br>| Bio-Rad Laboratories, Inc., Class A | &nbsp;&nbsp; 14300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5900<br><sup>1</sup> <br>| Boston Scientific Corp. | &nbsp;&nbsp; 576017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11373 | Bristol-Myers Squibb Co. | &nbsp;&nbsp; 512922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1440<br><sup>1,2</sup> <br>| Bristol-Myers Squibb Co., Rights | &nbsp;&nbsp; 1008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180 | Cardinal Health, Inc. | &nbsp;&nbsp; 28253 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3600<br><sup>1</sup> <br>| CG Oncology, Inc. | &nbsp;&nbsp; 145008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256<br><sup>1</sup> <br>| Charles River Laboratories International, Inc. | &nbsp;&nbsp; 40054 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9 | Chemed Corp. | &nbsp;&nbsp; 4030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3500 | Concentra Group Holdings Parent, Inc. | &nbsp;&nbsp; 73255 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1683 | Danaher Corp. | &nbsp;&nbsp; 333672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11989 | Dentsply Sirona, Inc. | &nbsp;&nbsp; 152140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000<br><sup>1</sup> <br>| Dynavax Technologies Corp. | &nbsp;&nbsp; 39720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246 | Elevance Health, Inc. | &nbsp;&nbsp; 79488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4087<br><sup>1</sup> <br>| Exact Sciences Corp. | &nbsp;&nbsp; 223600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429<br><sup>1</sup> <br>| Exelixis, Inc. | &nbsp;&nbsp; 17718 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5082 | Gilead Sciences, Inc. | &nbsp;&nbsp; 564102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1624<br><sup>1</sup> <br>| Globus Medical, Inc. | &nbsp;&nbsp; 93006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1137 | HCA Healthcare, Inc. | &nbsp;&nbsp; 484589 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4750<br><sup>1</sup> <br>| Hologic, Inc. | &nbsp;&nbsp; 320577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1045<br><sup>1</sup> <br>| Incyte Genomics, Inc. | &nbsp;&nbsp; 88626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4000<br><sup>1</sup> <br>| Inmode Ltd. | &nbsp;&nbsp; 59600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 228<br><sup>1</sup> <br>| IQVIA Holdings, Inc. | &nbsp;&nbsp; 43306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7091 | Johnson & Johnson | &nbsp;&nbsp; 1314813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8000<br><sup>1</sup> <br>| Kyverna Therapeutics, Inc. | &nbsp;&nbsp; 48000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5000<br><sup>1</sup> <br>| LB Pharmaceuticals, Inc. | &nbsp;&nbsp; 78950 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5500<br><sup>1</sup> <br>| Legend Biotech Corp., ADR | &nbsp;&nbsp; 179355 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 466 | McKesson Corp. | &nbsp;&nbsp; 360004 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2103 | Medtronic PLC | &nbsp;&nbsp; 200290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2198 | Merck & Co., Inc. | &nbsp;&nbsp; 184478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4328 | Pfizer, Inc. | &nbsp;&nbsp; 110277 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2560<br><sup>1</sup> <br>| Qiagen NV | &nbsp;&nbsp; 114381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129<br><sup>1</sup> <br>| Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp; 72533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20000<br><sup>1</sup> <br>| Relay Therapeutics, Inc. | &nbsp;&nbsp; 104400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3000<br><sup>1</sup> <br>| Schrodinger, Inc. | &nbsp;&nbsp; 60180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000 | Simulations Plus, Inc. | &nbsp;&nbsp; 150700 |
| &nbsp;&nbsp; 115000<br><sup>1</sup> <br>| Sophia Genetics S.A. | &nbsp;&nbsp; 547400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59 | STERIS PLC | &nbsp;&nbsp; 14599 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2500<br><sup>1</sup> <br>| Structure Therapeutics, Inc., ADR | &nbsp;&nbsp; 70000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1094 | The Cigna Group | &nbsp;&nbsp; 315345 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 644 | Thermo Fisher Scientific, Inc. | &nbsp;&nbsp; 312353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2550 | UnitedHealth Group, Inc. | &nbsp;&nbsp; 880515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 272<br><sup>1</sup> <br>| Veeva Systems, Inc. | &nbsp;&nbsp; 81032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 52 | Zimmer Biomet Holdings, Inc. | &nbsp;&nbsp; 5122 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9515262 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Industrials—5.2%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18 | Allison Transmission Holdings, Inc. | &nbsp;&nbsp; $1528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 25000<br><sup>1</sup> <br>| Astroscale Holdings, Inc. | &nbsp;&nbsp; 112603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 809 | Automatic Data Processing, Inc. | &nbsp;&nbsp; 237442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123<br><sup>1</sup> <br>| Avis Budget Group, Inc. | &nbsp;&nbsp; 19751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 633<br><sup>1</sup> <br>| Boeing Co. | &nbsp;&nbsp; 136620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 712 | Broadridge Financial Solutions, Inc. | &nbsp;&nbsp; 169577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 593<br><sup>1</sup> <br>| Builders Firstsource, Inc. | &nbsp;&nbsp; 71901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 324 | BWX Technologies, Inc. | &nbsp;&nbsp; 59736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 851 | Caterpillar, Inc. | &nbsp;&nbsp; 406055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 32894 | CNH Industrial NV | &nbsp;&nbsp; 356900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 967 | Crane Co. | &nbsp;&nbsp; 178063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2686 | CSX Corp. | &nbsp;&nbsp; 95380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 740 | Curtiss-Wright Corp. | &nbsp;&nbsp; 401776 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189 | Deere & Co. | &nbsp;&nbsp; 86422 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429 | Eaton Corp. PLC | &nbsp;&nbsp; 160553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 584 | Emcor Group, Inc. | &nbsp;&nbsp; 379331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2087 | Emerson Electric Co. | &nbsp;&nbsp; 273773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 282 | FedEx Corp. | &nbsp;&nbsp; 66498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53 | Fortive Corp. | &nbsp;&nbsp; 2596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34<br><sup>1</sup> <br>| Generac Holdings, Inc. | &nbsp;&nbsp; 5692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3889 | Graco, Inc. | &nbsp;&nbsp; 330409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2644 | Honeywell International, Inc. | &nbsp;&nbsp; 556562 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149 | Ingersoll-Rand, Inc. | &nbsp;&nbsp; 12310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1916 | J. B. Hunt Transportation Services, Inc. | &nbsp;&nbsp; 257070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4664 | Johnson Controls International PLC | &nbsp;&nbsp; 512807 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 751<br><sup>1</sup> <br>| Leonardo DRS, Inc. | &nbsp;&nbsp; 34095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2724<br><sup>1</sup> <br>| Lyft, Inc. | &nbsp;&nbsp; 59955 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 275<br><sup>1</sup> <br>| Mastec, Inc. | &nbsp;&nbsp; 58523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1084 | Norfolk Southern Corp. | &nbsp;&nbsp; 325644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1470 | Oshkosh Corp. | &nbsp;&nbsp; 190659 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1195 | Owens Corning, Inc. | &nbsp;&nbsp; 169045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330 | Parker-Hannifin Corp. | &nbsp;&nbsp; 250189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 45 | Paycom Software, Inc. | &nbsp;&nbsp; 9366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3453 | Pentair PLC | &nbsp;&nbsp; 382454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1190 | Republic Services, Inc. | &nbsp;&nbsp; 273081 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1094 | Rockwell Automation, Inc. | &nbsp;&nbsp; 382386 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3134 | RTX Corp. | &nbsp;&nbsp; 524412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1904 | Ryder System, Inc. | &nbsp;&nbsp; 359171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182 | Southwest Airlines Co. | &nbsp;&nbsp; 5808 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6000<br><sup>1</sup> <br>| Sun Country Airlines Holdings, Inc. | &nbsp;&nbsp; 70860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 12000<br><sup>1</sup> <br>| Timee, Inc. | &nbsp;&nbsp; 119745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1984<br><sup>1</sup> <br>| United Airlines Holdings, Inc. | &nbsp;&nbsp; 191456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117 | United Parcel Service, Inc. | &nbsp;&nbsp; 9773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172 | United Rentals North America, Inc. | &nbsp;&nbsp; 164202 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 944 | Valmont Industries, Inc. | &nbsp;&nbsp; 366017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 507 | Verisk Analytics, Inc. | &nbsp;&nbsp; 127516 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 448 | Westinghouse Air Brake Technologies Corp. | &nbsp;&nbsp; 89811 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 819 | Xylem, Inc. | &nbsp;&nbsp; 120803 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9176326 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Information Technology—5.4%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 891 | Accenture PLC | &nbsp;&nbsp; $219721 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1705<br><sup>1</sup> <br>| Advanced Micro Devices, Inc. | &nbsp;&nbsp; 275852 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1119 | Analog Devices, Inc. | &nbsp;&nbsp; 274938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 13000<br><sup>1</sup> <br>| Arteris, Inc. | &nbsp;&nbsp; 131300 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175<br><sup>1</sup> <br>| Ciena Corp. | &nbsp;&nbsp; 25492 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1118<br><sup>1</sup> <br>| Cirrus Logic, Inc. | &nbsp;&nbsp; 140074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10990 | Cisco Systems, Inc. | &nbsp;&nbsp; 751936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 442<br><sup>1</sup> <br>| F5, Inc. | &nbsp;&nbsp; 142850 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28<br><sup>1</sup> <br>| Fair Isaac & Co., Inc. | &nbsp;&nbsp; 41903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1953 | IBM Corp. | &nbsp;&nbsp; 551058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8000<br><sup>1</sup> <br>| Innoscripta SE | &nbsp;&nbsp; 1105100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 20621<br><sup>1</sup> <br>| Intel Corp. | &nbsp;&nbsp; 691835 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2302<br><sup>1</sup> <br>| Keysight Technologies, Inc. | &nbsp;&nbsp; 402666 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129<br><sup>1</sup> <br>| MA-COM Technology Solutions Holdings, Inc. | &nbsp;&nbsp; 16059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3810 | Marvell Technology, Inc. | &nbsp;&nbsp; 320307 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3277 | Micron Technology, Inc. | &nbsp;&nbsp; 548308 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34<br><sup>1</sup> <br>| MongoDB, Inc. | &nbsp;&nbsp; 10553 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2900<br><sup>1</sup> <br>| Nutanix, Inc. | &nbsp;&nbsp; 215731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 469<br><sup>1</sup> <br>| Okta, Inc. | &nbsp;&nbsp; 43007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2519<br><sup>1</sup> <br>| ON Semiconductor Corp. | &nbsp;&nbsp; 124212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 288<br><sup>1</sup> <br>| Onto Innovation, Inc. | &nbsp;&nbsp; 37215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10000<br><sup>1</sup> <br>| Pattern Group, Inc. | &nbsp;&nbsp; 137000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 985<br><sup>1</sup> <br>| PTC, Inc. | &nbsp;&nbsp; 199975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 438<br><sup>1</sup> <br>| Pure Storage, Inc. | &nbsp;&nbsp; 36709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 351<br><sup>1</sup> <br>| Qorvo, Inc. | &nbsp;&nbsp; 31969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 19000<br><sup>1</sup> <br>| Qualco Group S.A. | &nbsp;&nbsp; 122688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 945 | Qualcomm, Inc. | &nbsp;&nbsp; 157210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17<br><sup>1</sup> <br>| Ralliant Corp. | &nbsp;&nbsp; 743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 16000<br><sup>1</sup> <br>| Rigaku Holdings Corp. | &nbsp;&nbsp; 97061 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83 | Roper Technologies, Inc. | &nbsp;&nbsp; 41391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1275<br><sup>1</sup> <br>| Rubrik, Inc. | &nbsp;&nbsp; 104869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2209 | Salesforce, Inc. | &nbsp;&nbsp; 523533 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 787<br><sup>1</sup> <br>| Sandisk Corp. | &nbsp;&nbsp; 88301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 653<br><sup>1</sup> <br>| SentinelOne, Inc. | &nbsp;&nbsp; 11499 |
| &nbsp;&nbsp; 100000<br><sup>1</sup> <br>| Silvaco Group, Inc. | &nbsp;&nbsp; 541000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 17000<br><sup>1</sup> <br>| SimilarWeb Ltd. | &nbsp;&nbsp; 158100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 105<br><sup>1</sup> <br>| Strategy, Inc., Class A | &nbsp;&nbsp; 33832 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 754<br><sup>1</sup> <br>| Super Micro Computer, Inc. | &nbsp;&nbsp; 36147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19<br><sup>1</sup> <br>| Teledyne Technologies, Inc. | &nbsp;&nbsp; 11135 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 998 | Texas Instruments, Inc. | &nbsp;&nbsp; 183362 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1585<br><sup>1</sup> <br>| Twilio, Inc. | &nbsp;&nbsp; 158643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 137<br><sup>1</sup> <br>| Tyler Technologies, Inc. | &nbsp;&nbsp; 71673 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 493<br><sup>1</sup> <br>| Unity Software, Inc. | &nbsp;&nbsp; 19740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 847 | Verisign, Inc. | &nbsp;&nbsp; 236796 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 807 | Western Digital Corp. | &nbsp;&nbsp; 96888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1015<br><sup>1</sup> <br>| Zebra Technologies Corp., Class A | &nbsp;&nbsp; 301617 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 9471998 |
|  | **Materials—1.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184 | Albemarle Corp. | &nbsp;&nbsp; 14919 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | COMMON STOCKS—continued |  |
|  | **Materials—continued** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1144 | Aptargroup, Inc. | &nbsp;&nbsp; $152907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229 | Avery Dennison Corp. | &nbsp;&nbsp; 37137 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 862 | CF Industries Holdings, Inc. | &nbsp;&nbsp; 77321 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3820 | Corteva, Inc. | &nbsp;&nbsp; 258347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3492 | CRH PLC | &nbsp;&nbsp; 418691 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1102 | Crown Holdings, Inc. | &nbsp;&nbsp; 106442 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1280 | Ecolab, Inc. | &nbsp;&nbsp; 350541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 74 | Freeport-McMoRan, Inc. | &nbsp;&nbsp; 2902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2109 | International Flavors & Fragrances, Inc. | &nbsp;&nbsp; 129788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1287<br><sup>1</sup> <br>| James Hardie Industries PLC | &nbsp;&nbsp; 24723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1378 | Linde PLC | &nbsp;&nbsp; 654550 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15000<br><sup>1</sup> <br>| Lithium Royalty Corp. | &nbsp;&nbsp; 66394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 582<br><sup>1</sup> <br>| MP Materials Corp. | &nbsp;&nbsp; 39035 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37 | Newmarket Corp. | &nbsp;&nbsp; 30644 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6560 | Newmont Corp. | &nbsp;&nbsp; 553073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 122 | Packaging Corp. of America | &nbsp;&nbsp; 26587 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2944001 |
|  | **Real Estate—1.6%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1562 | Avalonbay Communities, Inc. | &nbsp;&nbsp; 301732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1703<br><sup>1</sup> <br>| CBRE Group, Inc. | &nbsp;&nbsp; 268325 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69 | Digital Realty Trust, Inc. | &nbsp;&nbsp; 11929 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 48 | Equinix, Inc. | &nbsp;&nbsp; 37596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17881 | Healthcare Realty Trust, Inc. | &nbsp;&nbsp; 322394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1318 | Public Storage | &nbsp;&nbsp; 380704 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3937 | Regency Centers Corp. | &nbsp;&nbsp; 287007 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1566 | SBA Communications, Corp. | &nbsp;&nbsp; 302786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2329 | Simon Property Group, Inc. | &nbsp;&nbsp; 437083 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 339 | Sun Communities, Inc. | &nbsp;&nbsp; 43731 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4532 | Ventas, Inc. | &nbsp;&nbsp; 317195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4979 | Vornado Realty Trust, LP | &nbsp;&nbsp; 201799 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2912281 |
|  | **Utilities—1.8%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8976 | Clearway Energy, Inc. | &nbsp;&nbsp; 241724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8804 | Clearway Energy, Inc. | &nbsp;&nbsp; 248713 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 441 | Constellation Energy Corp. | &nbsp;&nbsp; 145120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1355 | DTE Energy Co. | &nbsp;&nbsp; 191638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4346 | Duke Energy Corp. | &nbsp;&nbsp; 537817 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300 | Edison International | &nbsp;&nbsp; 16584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3987 | National Fuel Gas Co. | &nbsp;&nbsp; 368279 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9085 | NextEra Energy, Inc. | &nbsp;&nbsp; 685827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3686 | Public Service Enterprises Group, Inc. | &nbsp;&nbsp; 307633 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10758 | UGI Corp. | &nbsp;&nbsp; 357811 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 3101146 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMON STOCKS <br>(IDENTIFIED COST $55,935,264)<br>| &nbsp;&nbsp;&nbsp; 73415777 |
|  | U.S. TREASURIES—25.4% |  |
|  | **Treasury Inflation-Indexed Note—0.0%** |  |
| $13633 | U.S. Treasury Inflation-Protected Notes, 1.000%, 2/15/2046 | &nbsp;&nbsp; 10492 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | U.S. TREASURIES—continued |  |
|  | **U.S. Treasury Bond—4.1%** |  |
| $150000 | United States Treasury Bond, 1.375%, 11/15/2040 | &nbsp;&nbsp; $97811 |
| &nbsp;&nbsp; 760000 | United States Treasury Bond, 1.625%, 11/15/2050 | &nbsp;&nbsp; 407390 |
| &nbsp;&nbsp; 660000 | United States Treasury Bond, 2.375%, 2/15/2042 | &nbsp;&nbsp; 488756 |
| &nbsp;&nbsp; 20000 | United States Treasury Bond, 2.750%, 11/15/2047 | &nbsp;&nbsp; 14444 |
| &nbsp;&nbsp; 1000 | United States Treasury Bond, 3.000%, 11/15/2044 | &nbsp;&nbsp; 782 |
| &nbsp;&nbsp; 900000 | United States Treasury Bond, 3.000%, 2/15/2049 | &nbsp;&nbsp; 673402 |
| &nbsp;&nbsp; 1100000 | United States Treasury Bond, 3.125%, 5/15/2048 | &nbsp;&nbsp; 847857 |
| &nbsp;&nbsp; 475000 | United States Treasury Bond, 4.250%, 2/15/2054 | &nbsp;&nbsp; 438311 |
| &nbsp;&nbsp; 2720000 | United States Treasury Bond, 4.250%, 8/15/2054 | &nbsp;&nbsp; 2511315 |
| &nbsp;&nbsp; 370000 | United States Treasury Bond, 4.500%, 2/15/2044 | &nbsp;&nbsp; 361789 |
| &nbsp;&nbsp; 310000 | United States Treasury Bond, 4.625%, 5/15/2044 | &nbsp;&nbsp; 307725 |
| &nbsp;&nbsp; 1200000 | United States Treasury Bond, 4.625%, 2/15/2055 | &nbsp;&nbsp; 1179195 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 7328777 |
|  | **U.S. Treasury Note—21.3%** |  |
| &nbsp;&nbsp; 330000 | United States Treasury Note, 0.625%, 7/31/2026 | &nbsp;&nbsp; 321563 |
| &nbsp;&nbsp; 200000 | United States Treasury Note, 0.875%, 11/15/2030 | &nbsp;&nbsp; 173398 |
| &nbsp;&nbsp; 675000 | United States Treasury Note, 1.250%, 12/31/2026 | &nbsp;&nbsp; 654881 |
| &nbsp;&nbsp; 300000 | United States Treasury Note, 1.375%, 11/15/2031 | &nbsp;&nbsp; 259636 |
| &nbsp;&nbsp; 400000 | United States Treasury Note, 1.500%, 1/31/2027 | &nbsp;&nbsp; 388664 |
| &nbsp;&nbsp; 200000 | United States Treasury Note, 1.625%, 5/15/2031 | &nbsp;&nbsp; 178054 |
| &nbsp;&nbsp; 50000 | United States Treasury Note, 2.250%, 11/15/2027 | &nbsp;&nbsp; 48607 |
| &nbsp;&nbsp; 3800000 | United States Treasury Note, 2.625%, 5/31/2027 | &nbsp;&nbsp; 3736762 |
| &nbsp;&nbsp; 4150000 | United States Treasury Note, 2.750%, 7/31/2027 | &nbsp;&nbsp; 4084745 |
| &nbsp;&nbsp; 110000 | United States Treasury Note, 3.125%, 8/31/2027 | &nbsp;&nbsp; 108975 |
| &nbsp;&nbsp; 1600000 | United States Treasury Note, 3.500%, 9/30/2027 | &nbsp;&nbsp; 1596625 |
| &nbsp;&nbsp; 250000 | United States Treasury Note, 3.625%, 3/31/2028 | &nbsp;&nbsp; 250048 |
| &nbsp;&nbsp; 150000 | United States Treasury Note, 3.875%, 11/30/2027 | &nbsp;&nbsp; 150788 |
| &nbsp;&nbsp; 1000000 | United States Treasury Note, 3.875%, 3/15/2028 | &nbsp;&nbsp; 1006286 |
| &nbsp;&nbsp; 1000000 | United States Treasury Note, 3.875%, 4/30/2030 | &nbsp;&nbsp; 1006306 |
| &nbsp;&nbsp; 225000 | United States Treasury Note, 3.875%, 6/30/2030 | &nbsp;&nbsp; 226390 |
| &nbsp;&nbsp; 700000 | United States Treasury Note, 3.875%, 7/31/2030 | &nbsp;&nbsp; 704247 |
| &nbsp;&nbsp; 340000 | United States Treasury Note, 3.875%, 8/15/2034 | &nbsp;&nbsp; 334807 |
| &nbsp;&nbsp; 835000 | United States Treasury Note, 4.000%, 7/31/2029 | &nbsp;&nbsp; 844212 |
| &nbsp;&nbsp; 300000 | United States Treasury Note, 4.125%, 7/31/2028 | &nbsp;&nbsp; 303936 |
| &nbsp;&nbsp; 760000 | United States Treasury Note, 4.125%, 11/30/2029 | &nbsp;&nbsp; 772232 |
| &nbsp;&nbsp; 270000 | United States Treasury Note, 4.125%, 3/31/2031 | &nbsp;&nbsp; 274359 |
| &nbsp;&nbsp; 225000 | United States Treasury Note, 4.125%, 7/31/2031 | &nbsp;&nbsp; 228434 |
| &nbsp;&nbsp; 1800000 | United States Treasury Note, 4.125%, 10/31/2031 | &nbsp;&nbsp; 1826474 |
| &nbsp;&nbsp; 1000000 | United States Treasury Note, 4.125%, 2/29/2032 | &nbsp;&nbsp; 1013592 |
| &nbsp;&nbsp; 4600000 | United States Treasury Note, 4.125%, 3/31/2032 | &nbsp;&nbsp; 4661353 |
| &nbsp;&nbsp; 600000 | United States Treasury Note, 4.125%, 5/31/2032 | &nbsp;&nbsp; 607635 |
| &nbsp;&nbsp; 1000000 | United States Treasury Note, 4.250%, 12/31/2026 | &nbsp;&nbsp; 1006488 |
| &nbsp;&nbsp; 600000 | United States Treasury Note, 4.250%, 2/28/2029 | &nbsp;&nbsp; 611401 |
| &nbsp;&nbsp; 2600000 | United States Treasury Note, 4.250%, 11/15/2034 | &nbsp;&nbsp; 2629250 |
| &nbsp;&nbsp; 1145000 | United States Treasury Note, 4.375%, 7/31/2026 | &nbsp;&nbsp; 1150635 |
| &nbsp;&nbsp; 750000 | United States Treasury Note, 4.500%, 5/31/2029 | &nbsp;&nbsp; 771038 |
| &nbsp;&nbsp; 750000 | United States Treasury Note, 4.625%, 2/28/2026 | &nbsp;&nbsp; 752030 |
| &nbsp;&nbsp; 500000 | United States Treasury Note, 4.625%, 4/30/2029 | &nbsp;&nbsp; 515903 |
| &nbsp;&nbsp; 3400000 | United States Treasury Note, 4.625%, 2/15/2035 | &nbsp;&nbsp; 3533685 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | U.S. TREASURIES—continued |  |
|  | **U.S. Treasury Note—continued** |  |
| $750000 | United States Treasury Note, 4.875%, 4/30/2026 | &nbsp;&nbsp; $754445 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp; 37487884 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL U.S. TREASURIES <br>(IDENTIFIED COST $46,030,794)<br>| &nbsp;&nbsp;&nbsp; 44827153 |
|  | CORPORATE BONDS—11.3% |  |
|  | **Basic Industry - Chemicals—0.1%** |  |
| &nbsp;&nbsp; 85000 | RPM International, Inc., Sr. Unsecd. Note, 4.550%, 3/1/2029 | &nbsp;&nbsp; 85638 |
|  | **Basic Industry - Metals & Mining—0.1%** |  |
| &nbsp;&nbsp; 60000 | Freeport-McMoRan, Inc., Sr. Unsecd. Note, 5.400%, 11/14/2034 | &nbsp;&nbsp; 61529 |
| &nbsp;&nbsp; 60000 | Glencore Funding LLC, Sr. Unsecd. Note, 144A, 1.625%, 4/27/2026 | &nbsp;&nbsp; 59097 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120626 |
|  | **Capital Goods - Aerospace & Defense—0.5%** |  |
| &nbsp;&nbsp; 125000 | Boeing Co., Sr. Unsecd. Note, 2.700%, 2/1/2027 | &nbsp;&nbsp; 122498 |
| &nbsp;&nbsp; 25000 | Boeing Co., Sr. Unsecd. Note, 6.528%, 5/1/2034 | &nbsp;&nbsp; 27657 |
| &nbsp;&nbsp; 60000 | Boeing Co., Sr. Unsecd. Note, 6.858%, 5/1/2054 | &nbsp;&nbsp; 68488 |
| &nbsp;&nbsp; 60000 | HEICO Corp., Sr. Unsecd. Note, 5.350%, 8/1/2033 | &nbsp;&nbsp; 62284 |
| &nbsp;&nbsp; 110000 | Huntington Ingalls Industries, Inc., Sr. Unsecd. Note, 3.483%, 12/1/2027 | &nbsp;&nbsp; 108312 |
| &nbsp;&nbsp; 100000 | Lockheed Martin Corp., Sr. Unsecd. Note, 4.750%, 2/15/2034 | &nbsp;&nbsp; 100978 |
| &nbsp;&nbsp; 105000 | Northrop Grumman Corp., Sr. Unsecd. Note, 4.700%, 3/15/2033 | &nbsp;&nbsp; 105776 |
| &nbsp;&nbsp; 95000 | RTX Corp., Sr. Unsecd. Note, 5.150%, 2/27/2033 | &nbsp;&nbsp; 98428 |
| &nbsp;&nbsp; 100000 | Textron, Inc., Sr. Unsecd. Note, 3.650%, 3/15/2027 | &nbsp;&nbsp; 99047 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 793468 |
|  | **Capital Goods - Building Materials—0.0%** |  |
| &nbsp;&nbsp; 25000 | Carrier Global Corp., Sr. Unsecd. Note, 5.900%, 3/15/2034 | &nbsp;&nbsp; 26841 |
| &nbsp;&nbsp; 25000 | Carrier Global Corp., Sr. Unsecd. Note, 6.200%, 3/15/2054 | &nbsp;&nbsp; 27138 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 53979 |
|  | **Capital Goods - Construction Machinery—0.1%** |  |
| &nbsp;&nbsp; 50000 | CNH Industrial NV, Sr. Unsecd. Note, Series MTN, 3.850%, 11/15/2027 | &nbsp;&nbsp; 49758 |
| &nbsp;&nbsp; 145000 | John Deere Capital Corp., Sr. Unsecd. Note, Series MTN, 2.800%, 7/18/2029 | &nbsp;&nbsp; 138669 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 188427 |
|  | **Capital Goods - Diversified Manufacturing—0.1%** |  |
| &nbsp;&nbsp; 70000 | Honeywell International, Inc., Sr. Unsecd. Note, 2.800%, 6/1/2050 | &nbsp;&nbsp; 45694 |
| &nbsp;&nbsp; 60000 | Honeywell International, Inc., Sr. Unsecd. Note, 4.500%, 1/15/2034 | &nbsp;&nbsp; 59473 |
| &nbsp;&nbsp; 20000 | Ingersoll-Rand, Inc., Sr. Unsecd. Note, 5.450%, 6/15/2034 | &nbsp;&nbsp; 20865 |
| &nbsp;&nbsp; 35000 | Xylem, Inc., Sr. Unsecd. Note, 2.250%, 1/30/2031 | &nbsp;&nbsp; 31459 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157491 |
|  | **Capital Goods - Environmental—0.1%** |  |
| &nbsp;&nbsp; 40000 | Republic Services, Inc., Sr. Unsecd. Note, 2.375%, 3/15/2033 | &nbsp;&nbsp; 34910 |
| &nbsp;&nbsp; 40000 | Republic Services, Inc., Sr. Unsecd. Note, 4.875%, 4/1/2029 | &nbsp;&nbsp; 41018 |
| &nbsp;&nbsp; 40000 | Waste Connections, Inc., Sr. Unsecd. Note, 2.600%, 2/1/2030 | &nbsp;&nbsp; 37562 |
| &nbsp;&nbsp; 40000 | Waste Connections, Inc., Sr. Unsecd. Note, 4.200%, 1/15/2033 | &nbsp;&nbsp; 39264 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152754 |
|  | **Communications - Cable & Satellite—0.3%** |  |
| &nbsp;&nbsp; 25000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Sec. Fac. Bond, <br> 3.850%, 4/1/2061<br>| &nbsp;&nbsp; 15594 |
| &nbsp;&nbsp; 50000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Sec. Fac. Bond, <br> 4.800%, 3/1/2050<br>| &nbsp;&nbsp; 39627 |
| &nbsp;&nbsp; 275000 | Comcast Corp., Sr. Unsecd. Note, 3.300%, 2/1/2027 | &nbsp;&nbsp; 272726 |
| &nbsp;&nbsp; 130000 | Comcast Corp., Sr. Unsecd. Note, 5.350%, 5/15/2053 | &nbsp;&nbsp; 121985 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 449932 |

---

**9**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Communications - Media & Entertainment—0.2%** |  |
| $35000 | AppLovin Corp., Sr. Unsecd. Note, 5.500%, 12/1/2034 | &nbsp;&nbsp; $36146 |
| &nbsp;&nbsp; 100000 | Meta Platforms, Inc., Sr. Unsecd. Note, 3.500%, 8/15/2027 | &nbsp;&nbsp; 99606 |
| &nbsp;&nbsp; 75000 | Meta Platforms, Inc., Sr. Unsecd. Note, 3.850%, 8/15/2032 | &nbsp;&nbsp; 73022 |
| &nbsp;&nbsp; 100000 | Meta Platforms, Inc., Sr. Unsecd. Note, 5.550%, 8/15/2064 | &nbsp;&nbsp; 99344 |
| &nbsp;&nbsp; 90000 | Walt Disney Co., Sr. Unsecd. Note, 3.600%, 1/13/2051 | &nbsp;&nbsp; 68137 |
| &nbsp;&nbsp; 45000 | Walt Disney Co., Sr. Unsecd. Note, 3.800%, 5/13/2060 | &nbsp;&nbsp; 33729 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409984 |
|  | **Communications - Telecom Wireless—0.2%** |  |
| &nbsp;&nbsp; 50000 | American Tower Corp., Sr. Unsecd. Note, 2.700%, 4/15/2031 | &nbsp;&nbsp; 45645 |
| &nbsp;&nbsp; 90000 | American Tower Corp., Sr. Unsecd. Note, 3.100%, 6/15/2050 | &nbsp;&nbsp; 60453 |
| &nbsp;&nbsp; 80000 | T-Mobile USA, Inc., Series WI, 3.000%, 2/15/2041 | &nbsp;&nbsp; 60149 |
| &nbsp;&nbsp; 50000 | T-Mobile USA, Inc., Sr. Unsecd. Note, 5.050%, 7/15/2033 | &nbsp;&nbsp; 51089 |
| &nbsp;&nbsp; 65000 | T-Mobile USA, Inc., Sr. Unsecd. Note, 5.200%, 1/15/2033 | &nbsp;&nbsp; 67090 |
| &nbsp;&nbsp; 95000 | Vodafone Group PLC, Sr. Unsecd. Note, 5.250%, 5/30/2048 | &nbsp;&nbsp; 89852 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 374278 |
|  | **Communications - Telecom Wirelines—0.3%** |  |
| &nbsp;&nbsp; 50000 | AT&T, Inc., Sr. Unsecd. Note, 4.900%, 11/1/2035 | &nbsp;&nbsp; 49629 |
| &nbsp;&nbsp; 200000 | AT&T, Inc., Sr. Unsecd. Note, 5.375%, 8/15/2035 | &nbsp;&nbsp; 206063 |
| &nbsp;&nbsp; 80000 | Rogers Communications, Inc., Sr. Unsecd. Note, 4.500%, 3/15/2042 | &nbsp;&nbsp; 69695 |
| &nbsp;&nbsp; 50000 | Rogers Communications, Inc., Sr. Unsecd. Note, 4.550%, 3/15/2052 | &nbsp;&nbsp; 41478 |
| &nbsp;&nbsp; 80000 | Verizon Communications, Inc., Sr. Unsecd. Note, 3.400%, 3/22/2041 | &nbsp;&nbsp; 63245 |
| &nbsp;&nbsp; 150000 | Verizon Communications, Inc., Sr. Unsecd. Note, 4.125%, 8/15/2046 | &nbsp;&nbsp; 122525 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 552635 |
|  | **Consumer Cyclical - Automotive—0.2%** |  |
| &nbsp;&nbsp; 150000 | Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 2.375%, 12/14/2028 | &nbsp;&nbsp; 141397 |
| &nbsp;&nbsp; 50000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 2.400%, 4/10/2028 | &nbsp;&nbsp; 47713 |
| &nbsp;&nbsp; 75000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 5.750%, 2/8/2031 | &nbsp;&nbsp; 78162 |
| &nbsp;&nbsp; 100000 | Hyundai Capital America, Sr. Unsecd. Note, 144A, 5.300%, 1/8/2029 | &nbsp;&nbsp; 102454 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 369726 |
|  | **Consumer Cyclical - Retailers—0.1%** |  |
| &nbsp;&nbsp; 30000 | AutoZone, Inc., Sr. Unsecd. Note, 4.750%, 2/1/2033 | &nbsp;&nbsp; 30062 |
| &nbsp;&nbsp; 55000 | Home Depot, Inc., Sr. Unsecd. Note, 2.950%, 6/15/2029 | &nbsp;&nbsp; 53067 |
| &nbsp;&nbsp; 100000 | WalMart, Inc., Sr. Unsecd. Note, 4.100%, 4/28/2027 | &nbsp;&nbsp; 100732 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183861 |
|  | **Consumer Cyclical - Services—0.1%** |  |
| &nbsp;&nbsp; 115000 | Amazon.com, Inc., Sr. Unsecd. Note, 2.500%, 6/3/2050 | &nbsp;&nbsp; 71108 |
| &nbsp;&nbsp; 125000 | Amazon.com, Inc., Sr. Unsecd. Note, 3.875%, 8/22/2037 | &nbsp;&nbsp; 115305 |
| &nbsp;&nbsp; 45000 | Uber Technologies, Inc., Sr. Unsecd. Note, 4.300%, 1/15/2030 | &nbsp;&nbsp; 45164 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 231577 |
|  | **Consumer Non-Cyclical - Food/Beverage—0.5%** |  |
| &nbsp;&nbsp; 100000 | Bacardi-MartinI B.V, Sr. Unsecd. Note, 144A, 6.000%, 2/1/2035 | &nbsp;&nbsp; 104097 |
| &nbsp;&nbsp; 150000 | Coca-Cola Femsa S.A.B. de C.V., Sr. Unsecd. Note, 5.100%, 5/6/2035 | &nbsp;&nbsp; 151302 |
| &nbsp;&nbsp; 50000 | Constellation Brands, Inc., Sr. Unsecd. Note, 3.750%, 5/1/2050 | &nbsp;&nbsp; 36830 |
| &nbsp;&nbsp; 25000 | Flowers Foods, Inc., Sr. Unsecd. Note, 2.400%, 3/15/2031 | &nbsp;&nbsp; 22200 |
| &nbsp;&nbsp; 125000 | Flowers Foods, Inc., Sr. Unsecd. Note, 3.500%, 10/1/2026 | &nbsp;&nbsp; 123930 |
| &nbsp;&nbsp; 50000 | Kraft Heinz Foods Co., Sr. Unsecd. Note, 4.375%, 6/1/2046 | &nbsp;&nbsp; 41641 |
| &nbsp;&nbsp; 80000 | Mars, Inc., Sr. Unsecd. Note, 144A, 5.200%, 3/1/2035 | &nbsp;&nbsp; 81812 |
| &nbsp;&nbsp; 45000 | Mars, Inc., Sr. Unsecd. Note, 144A, 5.700%, 5/1/2055 | &nbsp;&nbsp; 45615 |
| &nbsp;&nbsp; 70000 | PepsiCo, Inc., Sr. Unsecd. Note, 2.750%, 10/21/2051 | &nbsp;&nbsp; 44846 |

---

**10**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Non-Cyclical - Food/Beverage—continued** |  |
| $65000 | The Campbell's Co., Sr. Unsecd. Note, 5.200%, 3/21/2029 | &nbsp;&nbsp; $66770 |
| &nbsp;&nbsp; 125000 | Tyson Foods, Inc., Sr. Unsecd. Note, 5.700%, 3/15/2034 | &nbsp;&nbsp; 131780 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 850823 |
|  | **Consumer Non-Cyclical - Health Care—0.2%** |  |
| &nbsp;&nbsp; 52000 | Becton Dickinson & Co., Sr. Unsecd. Note, 3.794%, 5/20/2050 | &nbsp;&nbsp; 39846 |
| &nbsp;&nbsp; 85000 | CVS Health Corp., Sr. Unsecd. Note, 4.250%, 4/1/2050 | &nbsp;&nbsp; 66552 |
| &nbsp;&nbsp; 60000 | CVS Health Corp., Sr. Unsecd. Note, 5.250%, 2/21/2033 | &nbsp;&nbsp; 61407 |
| &nbsp;&nbsp; 115000 | Danaher Corp., Sr. Unsecd. Note, 2.600%, 10/1/2050 | &nbsp;&nbsp; 71916 |
| &nbsp;&nbsp; 80000 | HCA, Inc., Sec. Fac. Bond, 3.500%, 7/15/2051 | &nbsp;&nbsp; 54769 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 294490 |
|  | **Consumer Non-Cyclical - Pharmaceuticals—0.5%** |  |
| &nbsp;&nbsp; 100000 | AbbVie, Inc., Sr. Unsecd. Note, 4.250%, 11/21/2049 | &nbsp;&nbsp; 84307 |
| &nbsp;&nbsp; 50000 | AbbVie, Inc., Sr. Unsecd. Note, 4.875%, 3/15/2030 | &nbsp;&nbsp; 51485 |
| &nbsp;&nbsp; 104000 | Amgen, Inc., Sr. Unsecd. Note, 5.250%, 3/2/2033 | &nbsp;&nbsp; 107760 |
| &nbsp;&nbsp; 80000 | Amgen, Inc., Sr. Unsecd. Note, 5.650%, 3/2/2053 | &nbsp;&nbsp; 79851 |
| &nbsp;&nbsp; 90000 | AstraZeneca PLC, Sr. Unsecd. Note, 1.375%, 8/6/2030 | &nbsp;&nbsp; 79256 |
| &nbsp;&nbsp; 75000 | Biogen, Inc., Sr. Unsecd. Note, 3.150%, 5/1/2050 | &nbsp;&nbsp; 48807 |
| &nbsp;&nbsp; 75000 | Bristol-Myers Squibb Co., Sr. Sub. Secd. Note, 5.550%, 2/22/2054 | &nbsp;&nbsp; 74803 |
| &nbsp;&nbsp; 70000 | Bristol-Myers Squibb Co., Sr. Unsecd. Note, 3.700%, 3/15/2052 | &nbsp;&nbsp; 52280 |
| &nbsp;&nbsp; 40000 | Bristol-Myers Squibb Co., Sr. Unsecd. Note, Series WI, 4.250%, 10/26/2049 | &nbsp;&nbsp; 33188 |
| &nbsp;&nbsp; 30000 | Gilead Sciences, Inc., Sr. Unsecd. Note, 5.250%, 10/15/2033 | &nbsp;&nbsp; 31473 |
| &nbsp;&nbsp; 70000 | Pfizer Investment Enterprises Pte Ltd., Sr. Unsecd. Note, 4.450%, 5/19/2028 | &nbsp;&nbsp; 70809 |
| &nbsp;&nbsp; 70000 | Pfizer Investment Enterprises Pte Ltd., Sr. Unsecd. Note, 4.750%, 5/19/2033 | &nbsp;&nbsp; 70740 |
| &nbsp;&nbsp; 60000 | Pfizer Investment Enterprises Pte Ltd., Sr. Unsecd. Note, 5.300%, 5/19/2053 | &nbsp;&nbsp; 58024 |
| &nbsp;&nbsp; 71000 | Regeneron Pharmaceuticals, Inc., Sr. Unsecd. Note, 2.800%, 9/15/2050 | &nbsp;&nbsp; 44188 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 886971 |
|  | **Consumer Non-Cyclical - Supermarkets—0.1%** |  |
| &nbsp;&nbsp; 90000 | Kroger Co., Sr. Unsecd. Note, 5.000%, 9/15/2034 | &nbsp;&nbsp; 90812 |
|  | **Consumer Non-Cyclical - Tobacco—0.1%** |  |
| &nbsp;&nbsp; 85000 | BAT Capital Corp., Sr. Unsecd. Note, Series WI, 4.540%, 8/15/2047 | &nbsp;&nbsp; 71324 |
| &nbsp;&nbsp; 125000 | Philip Morris International, Inc., Sr. Unsecd. Note, 2.100%, 5/1/2030 | &nbsp;&nbsp; 113969 |
| &nbsp;&nbsp; 25000 | Philip Morris International, Inc., Sr. Unsecd. Note, 5.750%, 11/17/2032 | &nbsp;&nbsp; 26653 |
| &nbsp;&nbsp; 25000 | Reynolds American, Inc., Sr. Unsecd. Note, 7.000%, 8/4/2041 | &nbsp;&nbsp; 27107 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 239053 |
|  | **Energy - Independent—0.1%** |  |
| &nbsp;&nbsp; 35000 | Canadian Natural Resources Ltd., 144A, 5.000%, 12/15/2029 | &nbsp;&nbsp; 35795 |
| &nbsp;&nbsp; 45000 | Ovintiv, Inc., Sr. Unsecd. Note, 7.100%, 7/15/2053 | &nbsp;&nbsp; 48643 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 84438 |
|  | **Energy - Integrated—0.0%** |  |
| &nbsp;&nbsp; 95000 | Chevron Corp., Sr. Unsecd. Note, 3.078%, 5/11/2050 | &nbsp;&nbsp; 65984 |
|  | **Energy - Midstream—0.6%** |  |
| &nbsp;&nbsp; 40000 | Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 3.400%, 2/15/2031 | &nbsp;&nbsp; 37476 |
| &nbsp;&nbsp; 30000 | Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 4.800%, 5/3/2029 | &nbsp;&nbsp; 30458 |
| &nbsp;&nbsp; 65000 | Columbia Pipeline Holding Co. LLC, Sr. Unsecd. Note, 144A, 5.681%, 1/15/2034 | &nbsp;&nbsp; 67082 |
| &nbsp;&nbsp; 45000 | Eastern Gas Transmission & Storage, Inc., Sr. Unsecd. Note, 3.000%, 11/15/2029 | &nbsp;&nbsp; 42844 |
| &nbsp;&nbsp; 145000 | Eastern Gas Transmission & Storage, Inc., Sr. Unsecd. Note, 3.900%, 11/15/2049 | &nbsp;&nbsp; 107579 |
| &nbsp;&nbsp; 100000 | Energy Transfer LP, Sr. Unsecd. Note, Series 10Y, 4.950%, 6/15/2028 | &nbsp;&nbsp; 101747 |
| &nbsp;&nbsp; 65000 | Kinder Morgan Energy Partners LP, Sr. Unsecd. Note, 6.375%, 3/1/2041 | &nbsp;&nbsp; 69699 |
| &nbsp;&nbsp; 100000 | MPLX LP, Sr. Unsecd. Note, 4.950%, 9/1/2032 | &nbsp;&nbsp; 100365 |

---

**11**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Energy - Midstream—continued** |  |
| $25000 | MPLX LP, Sr. Unsecd. Note, 5.400%, 9/15/2035 | &nbsp;&nbsp; $25066 |
| &nbsp;&nbsp; 40000 | National Fuel Gas Co., Sr. Unsecd. Note, 2.950%, 3/1/2031 | &nbsp;&nbsp; 36524 |
| &nbsp;&nbsp; 25000 | ONEOK, Inc., Sr. Unsecd. Note, 4.950%, 7/13/2047 | &nbsp;&nbsp; 21772 |
| &nbsp;&nbsp; 20000 | ONEOK, Inc., Sr. Unsecd. Note, 6.100%, 11/15/2032 | &nbsp;&nbsp; 21443 |
| &nbsp;&nbsp; 50000 | ONEOK, Inc., Sr. Unsecd. Note, 6.625%, 9/1/2053 | &nbsp;&nbsp; 53224 |
| &nbsp;&nbsp; 60000 | Plains All American Pipeline LP, Sr. Unsecd. Note, 5.150%, 6/1/2042 | &nbsp;&nbsp; 54813 |
| &nbsp;&nbsp; 140000 | Targa Resources, Inc., Sr. Unsecd. Note, 4.200%, 2/1/2033 | &nbsp;&nbsp; 133086 |
| &nbsp;&nbsp; 65000 | TransCanada PipeLines Ltd., Sr. Secd. Note, 5.100%, 3/15/2049 | &nbsp;&nbsp; 60430 |
| &nbsp;&nbsp; 75000 | Williams Cos., Inc., Sr. Unsecd. Note, 5.800%, 11/15/2054 | &nbsp;&nbsp; 75330 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 1038938 |
|  | **Energy - Refining—0.0%** |  |
| &nbsp;&nbsp; 50000 | Marathon Petroleum Corp., Sr. Unsecd. Note, 4.750%, 9/15/2044 | &nbsp;&nbsp; 43076 |
|  | **Financial Institution - Banking—2.4%** |  |
| &nbsp;&nbsp; 25000 | American Express Co., Sr. Unsecd. Note, 4.918%, 7/20/2033 | &nbsp;&nbsp; 25443 |
| &nbsp;&nbsp; 70000 | American Express Co., Sr. Unsecd. Note, 5.085%, 1/30/2031 | &nbsp;&nbsp; 72202 |
| &nbsp;&nbsp; 135000 | Bank of America Corp., Sr. Unsecd. Note, 2.299%, 7/21/2032 | &nbsp;&nbsp; 119789 |
| &nbsp;&nbsp; 325000 | Bank of America Corp., Sr. Unsecd. Note, 3.419%, 12/20/2028 | &nbsp;&nbsp; 320097 |
| &nbsp;&nbsp; 140000 | Bank of America Corp., Sr. Unsecd. Note, 5.468%, 1/23/2035 | &nbsp;&nbsp; 146275 |
| &nbsp;&nbsp; 75000 | Bank of America Corp., Sr. Unsecd. Note, 5.511%, 1/24/2036 | &nbsp;&nbsp; 78431 |
| &nbsp;&nbsp; 50000 | Bank of New York Mellon Corp., Sr. Unsecd. Note, Series MTN, 3.992%, 6/13/2028 | &nbsp;&nbsp; 49996 |
| &nbsp;&nbsp; 75000 | Capital One Financial Co., Sr. Unsecd. Note, 5.197%, 9/11/2036 | &nbsp;&nbsp; 74204 |
| &nbsp;&nbsp; 95000 | Citigroup, Inc., Sr. Unsecd. Note, 3.057%, 1/25/2033 | &nbsp;&nbsp; 86520 |
| &nbsp;&nbsp; 90000 | Citigroup, Inc., Sr. Unsecd. Note, 3.668%, 7/24/2028 | &nbsp;&nbsp; 89222 |
| &nbsp;&nbsp; 10000 | Citigroup, Inc., Sr. Unsecd. Note, 5.174%, 9/11/2036 | &nbsp;&nbsp; 10105 |
| &nbsp;&nbsp; 160000 | Citigroup, Inc., Sub. Note, 6.020%, 1/24/2036 | &nbsp;&nbsp; 167691 |
| &nbsp;&nbsp; 85000 | Citizens Financial Group, Inc., Sr. Unsecd. Note, 5.718%, 7/23/2032 | &nbsp;&nbsp; 88780 |
| &nbsp;&nbsp; 50000 | Comerica, Inc., Sr. Unsecd. Note, 5.982%, 1/30/2030 | &nbsp;&nbsp; 52042 |
| &nbsp;&nbsp; 100000 | Fifth Third Bancorp, Sr. Unsecd. Note, 6.361%, 10/27/2028 | &nbsp;&nbsp; 104307 |
| &nbsp;&nbsp; 65000 | FNB Corp. (PA), 5.722%, 12/11/2030 | &nbsp;&nbsp; 66025 |
| &nbsp;&nbsp; 100000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 1.948%, 10/21/2027 | &nbsp;&nbsp; 97659 |
| &nbsp;&nbsp; 275000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 1.992%, 1/27/2032 | &nbsp;&nbsp; 242741 |
| &nbsp;&nbsp; 100000 | Huntington Bancshares, Inc., Sr. Unsecd. Note, 4.443%, 8/4/2028 | &nbsp;&nbsp; 100466 |
| &nbsp;&nbsp; 100000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 2.963%, 1/25/2033 | &nbsp;&nbsp; 91516 |
| &nbsp;&nbsp; 300000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 3.509%, 1/23/2029 | &nbsp;&nbsp; 296081 |
| &nbsp;&nbsp; 90000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 5.350%, 6/1/2034 | &nbsp;&nbsp; 93806 |
| &nbsp;&nbsp; 75000 | JPMorgan Chase & Co., Sub., 5.576%, 7/23/2036 | &nbsp;&nbsp; 77806 |
| &nbsp;&nbsp; 75000 | KeyCorp, Sr. Unsecd. Note, 6.401%, 3/6/2035 | &nbsp;&nbsp; 81418 |
| &nbsp;&nbsp; 95000 | M&T Bank Corp., Sr. Unsecd. Note, 5.053%, 1/27/2034 | &nbsp;&nbsp; 95272 |
| &nbsp;&nbsp; 75000 | Morgan Stanley, Sr. Unsecd. Note, 5.466%, 1/18/2035 | &nbsp;&nbsp; 78142 |
| &nbsp;&nbsp; 15000 | Morgan Stanley, Sr. Unsecd. Note, 5.831%, 4/19/2035 | &nbsp;&nbsp; 15996 |
| &nbsp;&nbsp; 290000 | Morgan Stanley, Sr. Unsecd. Note, Series GMTN, 3.772%, 1/24/2029 | &nbsp;&nbsp; 287518 |
| &nbsp;&nbsp; 40000 | Morgan Stanley, Sr. Unsecd. Note, Series MTN, 1.794%, 2/13/2032 | &nbsp;&nbsp; 34897 |
| &nbsp;&nbsp; 55000 | Morgan Stanley, Sr. Unsecd. Note, Series MTN, 1.928%, 4/28/2032 | &nbsp;&nbsp; 48016 |
| &nbsp;&nbsp; 80000 | Northern Trust Corp., Sub., 6.125%, 11/2/2032 | &nbsp;&nbsp; 87501 |
| &nbsp;&nbsp; 80000 | PNC Financial Services Group, Inc., 5.575%, 1/29/2036 | &nbsp;&nbsp; 83502 |
| &nbsp;&nbsp; 135000 | PNC Financial Services Group, Inc., Sub., 4.626%, 6/6/2033 | &nbsp;&nbsp; 134037 |
| &nbsp;&nbsp; 50000 | Regions Financial Corp., Sr. Unsecd. Note, 5.722%, 6/6/2030 | &nbsp;&nbsp; 52127 |
| &nbsp;&nbsp; 20000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 5.122%, 1/26/2034 | &nbsp;&nbsp; 20326 |
| &nbsp;&nbsp; 25000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 5.711%, 1/24/2035 | &nbsp;&nbsp; 26243 |

---

**12**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - Banking—continued** |  |
| $40000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 5.867%, 6/8/2034 | &nbsp;&nbsp; $42394 |
| &nbsp;&nbsp; 150000 | U.S. Bancorp, 4.967%, 7/22/2033 | &nbsp;&nbsp; 150630 |
| &nbsp;&nbsp; 30000 | Wells Fargo & Co., Sr. Unsecd. Note, 5.244%, 1/24/2031 | &nbsp;&nbsp; 31046 |
| &nbsp;&nbsp; 120000 | Wells Fargo & Co., Sr. Unsecd. Note, 5.707%, 4/22/2028 | &nbsp;&nbsp; 122819 |
| &nbsp;&nbsp; 100000 | Wells Fargo & Co., Sr. Unsecd. Note, 6.491%, 10/23/2034 | &nbsp;&nbsp; 111145 |
| &nbsp;&nbsp; 200000 | Wells Fargo & Co., Sr. Unsecd. Note, Series MTN, 3.584%, 5/22/2028 | &nbsp;&nbsp; 198232 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 4252465 |
|  | **Financial Institution - Broker/Asset Mgr/Exchange—0.1%** |  |
| &nbsp;&nbsp; 40000 | BlackRock, Inc., Sr. Unsecd. Note, 4.750%, 5/25/2033 | &nbsp;&nbsp; 40897 |
| &nbsp;&nbsp; 100000 | Jefferies Financial Group, Inc., Sr. Unsecd. Note, 2.750%, 10/15/2032 | &nbsp;&nbsp; 87033 |
| &nbsp;&nbsp; 100000 | Raymond James Financial, Inc., Sr. Unsecd. Note, 4.650%, 4/1/2030 | &nbsp;&nbsp; 101532 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 229462 |
|  | **Financial Institution - Insurance - Health—0.1%** |  |
| &nbsp;&nbsp; 100000 | Elevance Health, Inc., Sr. Unsecd. Note, 4.750%, 2/15/2033 | &nbsp;&nbsp; 100355 |
| &nbsp;&nbsp; 150000 | UnitedHealth Group, Inc., Sr. Unsecd. Note, 3.050%, 5/15/2041 | &nbsp;&nbsp; 114171 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 214526 |
|  | **Financial Institution - Insurance - Life—0.3%** |  |
| &nbsp;&nbsp; 90000 | CoreBridge Global Funding, Sr. Secd. Note, 144A, 5.900%, 9/19/2028 | &nbsp;&nbsp; 94217 |
| &nbsp;&nbsp; 35000 | Lincoln National Corp., Sr. Unsecd. Note, 3.400%, 1/15/2031 | &nbsp;&nbsp; 33087 |
| &nbsp;&nbsp; 100000 | Massachusetts Mutual Life Insurance Co., Sub. Note, 144A, 4.900%, 4/1/2077 | &nbsp;&nbsp; 85110 |
| &nbsp;&nbsp; 50000 | Pacific Life Global Funding II, Sr. Secd. Note, 144A, 4.900%, 1/11/2029 | &nbsp;&nbsp; 51108 |
| &nbsp;&nbsp; 70000 | Pacific Life Insurance Co., Sub. Note, 144A, 4.300%, 10/24/2067 | &nbsp;&nbsp; 56251 |
| &nbsp;&nbsp; 100000 | Principal Financial Group, Inc., Sr. Unsecd. Note, 2.125%, 6/15/2030 | &nbsp;&nbsp; 90623 |
| &nbsp;&nbsp; 100000 | Prudential Financial, Inc., Sr. Unsecd. Note, Series MTN, 4.600%, 5/15/2044 | &nbsp;&nbsp; 90088 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500484 |
|  | **Financial Institution - Insurance - P&C—0.4%** |  |
| &nbsp;&nbsp; 110000 | Aon North America, Inc., 5.750%, 3/1/2054 | &nbsp;&nbsp; 110867 |
| &nbsp;&nbsp; 100000 | Chubb INA Holdings LLC., Sr. Unsecd. Note, 1.375%, 9/15/2030 | &nbsp;&nbsp; 87717 |
| &nbsp;&nbsp; 30000 | Chubb INA Holdings LLC., Sr. Unsecd. Note, 3.350%, 5/3/2026 | &nbsp;&nbsp; 29879 |
| &nbsp;&nbsp; 100000 | CNA Financial Corp., Sr. Unsecd. Note, 5.500%, 6/15/2033 | &nbsp;&nbsp; 103865 |
| &nbsp;&nbsp; 60000 | Marsh & McLennan Cos., Inc., Sr. Unsecd. Note, 4.650%, 3/15/2030 | &nbsp;&nbsp; 61029 |
| &nbsp;&nbsp; 200000 | Nationwide Mutual Insurance Co., Sub. Note, 144A, 9.375%, 8/15/2039 | &nbsp;&nbsp; 271434 |
| &nbsp;&nbsp; 60000 | The Travelers Cos., Inc., Sr. Unsecd. Note, 5.450%, 5/25/2053 | &nbsp;&nbsp; 60117 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 724908 |
|  | **Financial Institution - REIT - Apartment—0.3%** |  |
| &nbsp;&nbsp; 135000 | Avalonbay Communities, Inc., Sr. Unsecd. Note, Series MTN, 3.350%, 5/15/2027 | &nbsp;&nbsp; 133477 |
| &nbsp;&nbsp; 90000 | Camden Property Trust, Sr. Unsecd. Note, 4.900%, 1/15/2034 | &nbsp;&nbsp; 91384 |
| &nbsp;&nbsp; 135000 | Mid-America Apartment Communities LP, 4.000%, 11/15/2025 | &nbsp;&nbsp; 134878 |
| &nbsp;&nbsp; 70000 | Mid-America Apartment Communities LP, Sr. Unsecd. Note, 5.300%, 2/15/2032 | &nbsp;&nbsp; 72905 |
| &nbsp;&nbsp; 100000 | UDR, Inc., Sr. Unsecd. Note, Series GMTN, 3.500%, 1/15/2028 | &nbsp;&nbsp; 98558 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 531202 |
|  | **Financial Institution - REIT - Healthcare—0.2%** |  |
| &nbsp;&nbsp; 100000 | Healthcare Trust of America, Sr. Unsecd. Note, 2.000%, 3/15/2031 | &nbsp;&nbsp; 86852 |
| &nbsp;&nbsp; 125000 | Physicians Realty Trust, Sr. Unsecd. Note, 3.950%, 1/15/2028 | &nbsp;&nbsp; 124039 |
| &nbsp;&nbsp; 50000 | Welltower OP LLC, Sr. Unsecd. Note, 5.125%, 7/1/2035 | &nbsp;&nbsp; 50948 |
| &nbsp;&nbsp; 75000 | Welltower, Inc., Sr. Unsecd. Note, 2.800%, 6/1/2031 | &nbsp;&nbsp; 69023 |
| &nbsp;&nbsp; 100000 | Welltower, Inc., Sr. Unsecd. Note, 4.250%, 4/1/2026 | &nbsp;&nbsp; 100011 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 430873 |

---

**13**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - REIT - Office—0.1%** |  |
| $100000 | Alexandria Real Estate Equities, Inc., Sr. Unsecd. Note, 1.875%, 2/1/2033 | &nbsp;&nbsp; $82186 |
| &nbsp;&nbsp; 100000 | Boston Properties LP, Sr. Unsecd. Note, 3.650%, 2/1/2026 | &nbsp;&nbsp; 99706 |
| &nbsp;&nbsp; 40000 | Piedmont Operating Partnership, LP, Sr. Unsecd. Note, 2.750%, 4/1/2032 | &nbsp;&nbsp; 34102 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215994 |
|  | **Financial Institution - REIT - Retail—0.1%** |  |
| &nbsp;&nbsp; 90000 | Kimco Realty Corp., Sr. Unsecd. Note, 6.400%, 3/1/2034 | &nbsp;&nbsp; 99680 |
| &nbsp;&nbsp; 100000 | Regency Centers LP, Sr. Unsecd. Note, 4.125%, 3/15/2028 | &nbsp;&nbsp; 100025 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199705 |
|  | **Technology—1.2%** |  |
| &nbsp;&nbsp; 115000 | Alphabet, Inc., Sr. Unsecd. Note, 2.050%, 8/15/2050 | &nbsp;&nbsp; 65520 |
| &nbsp;&nbsp; 215000 | Apple, Inc., Sr. Unsecd. Note, 2.375%, 2/8/2041 | &nbsp;&nbsp; 154659 |
| &nbsp;&nbsp; 65000 | Apple, Inc., Sr. Unsecd. Note, 2.400%, 8/20/2050 | &nbsp;&nbsp; 39558 |
| &nbsp;&nbsp; 80000 | Apple, Inc., Sr. Unsecd. Note, 4.000%, 5/10/2028 | &nbsp;&nbsp; 80481 |
| &nbsp;&nbsp; 30000 | Autodesk, Inc., Sr. Unsecd. Note, 5.300%, 6/15/2035 | &nbsp;&nbsp; 30842 |
| &nbsp;&nbsp; 20000 | Broadcom, Inc., Sr. Unsecd. Note, 4.150%, 11/15/2030 | &nbsp;&nbsp; 19928 |
| &nbsp;&nbsp; 65000 | Broadcom, Inc., Sr. Unsecd. Note, 4.900%, 2/15/2038 | &nbsp;&nbsp; 64681 |
| &nbsp;&nbsp; 65000 | Broadcom, Inc., Sr. Unsecd. Note, 5.050%, 7/12/2029 | &nbsp;&nbsp; 66970 |
| &nbsp;&nbsp; 5000 | Broadcom, Inc., Sr. Unsecd. Note, 144A, 3.187%, 11/15/2036 | &nbsp;&nbsp; 4269 |
| &nbsp;&nbsp; 45000 | CDW LLC/ CDW Finance Corp., Sr. Unsecd. Note, 5.550%, 8/22/2034 | &nbsp;&nbsp; 46168 |
| &nbsp;&nbsp; 75000 | Cisco Systems, Inc., Sr. Unsecd. Note, 4.750%, 2/24/2030 | &nbsp;&nbsp; 76985 |
| &nbsp;&nbsp; 75000 | Cisco Systems, Inc., Sr. Unsecd. Note, 4.800%, 2/26/2027 | &nbsp;&nbsp; 75934 |
| &nbsp;&nbsp; 55000 | Dell International LLC / EMC Corp., Sr. Unsecd. Note, 5.000%, 4/1/2030 | &nbsp;&nbsp; 56356 |
| &nbsp;&nbsp; 50000 | Dell International LLC / EMC Corp., Sr. Unsecd. Note, 5.100%, 2/15/2036 | &nbsp;&nbsp; 49741 |
| &nbsp;&nbsp; 100000 | Fiserv, Inc., Sr. Unsecd. Note, 3.500%, 7/1/2029 | &nbsp;&nbsp; 97213 |
| &nbsp;&nbsp; 110000 | Fortinet, Inc., Sr. Unsecd. Note, 1.000%, 3/15/2026 | &nbsp;&nbsp; 108251 |
| &nbsp;&nbsp; 35000 | Hewlett Packard Enterprise Co., 5.600%, 10/15/2054 | &nbsp;&nbsp; 33496 |
| &nbsp;&nbsp; 25000 | Hewlett Packard Enterprise Co., Sr. Unsecd. Note, 4.400%, 10/15/2030 | &nbsp;&nbsp; 24856 |
| &nbsp;&nbsp; 40000 | Hewlett Packard Enterprise Co., Sr. Unsecd. Note, 5.000%, 10/15/2034 | &nbsp;&nbsp; 39704 |
| &nbsp;&nbsp; 45000 | Keysight Technologies, Inc., Sr. Unsecd. Note, 4.950%, 10/15/2034 | &nbsp;&nbsp; 45308 |
| &nbsp;&nbsp; 50000 | Keysight Technologies, Inc., Sr. Unsecd. Note, 5.350%, 7/30/2030 | &nbsp;&nbsp; 51992 |
| &nbsp;&nbsp; 100000 | Lam Research Corp., Sr. Unsecd. Note, 4.000%, 3/15/2029 | &nbsp;&nbsp; 99953 |
| &nbsp;&nbsp; 65000 | Microsoft Corp., Sr. Unsecd. Note, 2.525%, 6/1/2050 | &nbsp;&nbsp; 41190 |
| &nbsp;&nbsp; 200000 | Microsoft Corp., Sr. Unsecd. Note, 3.125%, 11/3/2025 | &nbsp;&nbsp; 199797 |
| &nbsp;&nbsp; 105000 | Oracle Corp., Sr. Unsecd. Note, 5.950%, 9/26/2055 | &nbsp;&nbsp; 104750 |
| &nbsp;&nbsp; 100000 | Roper Technologies, Inc., Sr. Unsecd. Note, 4.900%, 10/15/2034 | &nbsp;&nbsp; 100163 |
| &nbsp;&nbsp; 50000 | Trimble, Inc., Sr. Unsecd. Note, 6.100%, 3/15/2033 | &nbsp;&nbsp; 53774 |
| &nbsp;&nbsp; 100000 | Verisign, Inc., Sr. Unsecd. Note, 2.700%, 6/15/2031 | &nbsp;&nbsp; 90172 |
| &nbsp;&nbsp; 110000 | Verisk Analytics, Inc., Sr. Unsecd. Note, 4.125%, 3/15/2029 | &nbsp;&nbsp; 109787 |
| &nbsp;&nbsp; 40000 | VMware, Inc., Sr. Unsecd. Note, 1.400%, 8/15/2026 | &nbsp;&nbsp; 39120 |
| &nbsp;&nbsp; 35000 | VMware, Inc., Sr. Unsecd. Note, 2.200%, 8/15/2031 | &nbsp;&nbsp; 30882 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2102500 |
|  | **Transportation - Railroads—0.2%** |  |
| &nbsp;&nbsp; 75000<br><sup>3</sup> <br>| Burlington Northern Santa Fe LLC, Sr. Unsecd. Note, 5.200% (180-DAY AVERAGE SOFR +0.000%), 4/15/2054 | &nbsp;&nbsp; 72054 |
| &nbsp;&nbsp; 135000 | Canadian Pacific Railway Co., Sr. Unsecd. Note, 3.500%, 5/1/2050 | &nbsp;&nbsp; 99140 |
| &nbsp;&nbsp; 65000 | Union Pacific Corp., Sr. Unsecd. Note, 2.375%, 5/20/2031 | &nbsp;&nbsp; 59270 |
| &nbsp;&nbsp; 125000 | Union Pacific Corp., Sr. Unsecd. Note, 2.400%, 2/5/2030 | &nbsp;&nbsp; 116520 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346984 |
|  | **Transportation - Services—0.1%** |  |
| &nbsp;&nbsp; 50000 | Enterprise Rent-A-Car USA Finance Co., Sr. Unsecd. Note, 144A, 4.900%, 5/1/2033 | &nbsp;&nbsp; 50894 |

---

**14**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Transportation - Services—continued** |  |
| $80000 | FedEx Corp., Sr. Unsecd. Note, 144A, 3.250%, 5/15/2041 | &nbsp;&nbsp; $59901 |
| &nbsp;&nbsp; 75000 | Ryder System, Inc., Sr. Unsecd. Note, Series MTN, 2.850%, 3/1/2027 | &nbsp;&nbsp; 73709 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184504 |
|  | **Utility - Electric—1.2%** |  |
| &nbsp;&nbsp; 165000 | Ameren Corp., Sr. Unsecd. Note, 1.750%, 3/15/2028 | &nbsp;&nbsp; 155943 |
| &nbsp;&nbsp; 70000 | American Electric Power Co., Inc., Sr. Unsecd. Note, 5.625%, 3/1/2033 | &nbsp;&nbsp; 73621 |
| &nbsp;&nbsp; 100000 | Black Hills Corp., Sr. Unsecd. Note, 2.500%, 6/15/2030 | &nbsp;&nbsp; 92161 |
| &nbsp;&nbsp; 75000 | Constellation Energy Generation LLC, Sr. Unsecd. Note, 5.800%, 3/1/2033 | &nbsp;&nbsp; 80168 |
| &nbsp;&nbsp; 25000 | Constellation Energy Generation LLC, Sr. Unsecd. Note, 6.500%, 10/1/2053 | &nbsp;&nbsp; 27890 |
| &nbsp;&nbsp; 125000 | Duke Energy Corp., Sr. Unsecd. Note, 2.650%, 9/1/2026 | &nbsp;&nbsp; 123517 |
| &nbsp;&nbsp; 125000 | Duke Energy Corp., Sr. Unsecd. Note, 3.750%, 9/1/2046 | &nbsp;&nbsp; 95930 |
| &nbsp;&nbsp; 75000 | Emera US Finance LP, Sr. Unsecd. Note, 3.550%, 6/15/2026 | &nbsp;&nbsp; 74572 |
| &nbsp;&nbsp; 50000 | Emera US Finance LP, Sr. Unsecd. Note, 4.750%, 6/15/2046 | &nbsp;&nbsp; 43203 |
| &nbsp;&nbsp; 100000 | Enel Finance International NV, Co. Guarantee, 144A, 6.000%, 10/7/2039 | &nbsp;&nbsp; 104888 |
| &nbsp;&nbsp; 190000 | Evergy Metro, Inc., Sr. Unsecd. Note, 4.200%, 3/15/2048 | &nbsp;&nbsp; 157351 |
| &nbsp;&nbsp; 25000 | Exelon Corp., Sr. Unsecd. Note, 4.100%, 3/15/2052 | &nbsp;&nbsp; 19616 |
| &nbsp;&nbsp; 125000 | Exelon Corp., Sr. Unsecd. Note, 4.700%, 4/15/2050 | &nbsp;&nbsp; 108098 |
| &nbsp;&nbsp; 120000 | FirstEnergy Transmission LLC, Sr. Unsecd. Note, 144A, 4.550%, 4/1/2049 | &nbsp;&nbsp; 102766 |
| &nbsp;&nbsp; 93000 | Fortis, Inc. / Canada, Sr. Unsecd. Note, 3.055%, 10/4/2026 | &nbsp;&nbsp; 91957 |
| &nbsp;&nbsp; 70000 | National Rural Utilities Cooperative Finance Corp., Sr. Sub. Note, 5.250%, 4/20/2046 | &nbsp;&nbsp; 69911 |
| &nbsp;&nbsp; 235000 | NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 2.250%, 6/1/2030 | &nbsp;&nbsp; 214668 |
| &nbsp;&nbsp; 75000 | NextEra Energy Capital Holdings, Inc., Sr. Unsecd. Note, 5.050%, 3/15/2030 | &nbsp;&nbsp; 77261 |
| &nbsp;&nbsp; 80000 | NiSource, Inc., Sr. Unsecd. Note, 4.375%, 5/15/2047 | &nbsp;&nbsp; 67432 |
| &nbsp;&nbsp; 10000 | NiSource, Inc., Sr. Unsecd. Note, 5.250%, 3/30/2028 | &nbsp;&nbsp; 10266 |
| &nbsp;&nbsp; 100000 | PPL Capital Funding, Inc., Sr. Unsecd. Note, 3.100%, 5/15/2026 | &nbsp;&nbsp; 99313 |
| &nbsp;&nbsp; 125000 | Puget Energy, Inc., Sec. Fac. Bond, 2.379%, 6/15/2028 | &nbsp;&nbsp; 118762 |
| &nbsp;&nbsp; 100000 | Southern Co., Jr. Sub. Note, Series B, 4.000%, 1/15/2051 | &nbsp;&nbsp; 99751 |
| &nbsp;&nbsp; 20000 | WEC Energy Group, Inc., Sr. Unsecd. Note, 5.150%, 10/1/2027 | &nbsp;&nbsp; 20386 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 2129431 |
|  | **Utility - Natural Gas—0.1%** |  |
| &nbsp;&nbsp; 155000 | Sempra Energy, Sr. Unsecd. Note, 3.700%, 4/1/2029 | &nbsp;&nbsp; 151960 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $20,433,123)<br>| &nbsp;&nbsp;&nbsp; 19933959 |
|  | COMMERCIAL MORTGAGE-BACKED SECURITIES—0.4% |  |
|  | **Commercial Mortgage—0.3%** |  |
| &nbsp;&nbsp; 110000 | Bank 2022-BNK40, Class A4, 3.503%, 3/15/2064 | &nbsp;&nbsp; 102160 |
| &nbsp;&nbsp; 85000 | Bank, Class A4, 3.488%, 11/15/2050 | &nbsp;&nbsp; 82594 |
| &nbsp;&nbsp; 200000 | Benchmark Mortgage Trust 2020-B19, Class A5, 1.850%, 9/15/2053 | &nbsp;&nbsp; 175736 |
| &nbsp;&nbsp; 35994 | COMM Mortgage Trust 2015-DC1, Class AM, 3.724%, 2/10/2048 | &nbsp;&nbsp; 35521 |
| &nbsp;&nbsp; 100000 | JPMDB Commercial Mortgage Securities Trust 2016-C4, Class A3, 3.141%, 12/15/2049 | &nbsp;&nbsp; 98118 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 494129 |
|  | **Federal Home Loan Mortgage Corporation—0.1%** |  |
| &nbsp;&nbsp; 190306 | FHLMC REMIC, Series K105, Class A1, 1.536%, 9/25/2029 | &nbsp;&nbsp; 179990 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES <br>(IDENTIFIED COST $734,698)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 674119 |
|  | FOREIGN GOVERNMENTS/AGENCY—0.1% |  |
|  | **Sovereign—0.1%** |  |
| &nbsp;&nbsp; 200000 | Mexico, Government of, 3.750%, 1/11/2028 <br>(IDENTIFIED COST $199,120)<br>| &nbsp;&nbsp; 197750 |

---

**15**

------

---

| | | |
|:---|:---|:---|
| **Shares,**<br> **Principal**<br> **Amount**<br> **or Contracts**<br>|  | **Value** |
|  | MORTGAGE-BACKED SECURITIES—0.0% |  |
|  | **Government National Mortgage Association—0.0%** |  |
| $1555 | Government National Mortgage Association, Pool 2796, 7.000%, 8/20/2029 | &nbsp;&nbsp; $1600 |
| &nbsp;&nbsp; 1083 | Government National Mortgage Association, Pool 3040, 7.000%, 2/20/2031 | &nbsp;&nbsp; 1123 |
| &nbsp;&nbsp; 3259 | Government National Mortgage Association, Pool 3188, 6.500%, 1/20/2032 | &nbsp;&nbsp; 3370 |
| &nbsp;&nbsp; 4394 | Government National Mortgage Association, Pool 3239, 6.500%, 5/20/2032 | &nbsp;&nbsp; 4553 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL MORTGAGE-BACKED SECURITIES <br>(IDENTIFIED COST $10,262)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10646 |
|  | ADJUSTABLE RATE MORTGAGE—0.0% |  |
|  | **Federal National Mortgage Association—0.0%** |  |
| &nbsp;&nbsp; 1383<br><sup>3</sup> <br>| Federal National Mortgage Association ARM, 6.594%, 9/1/2037 <br>(IDENTIFIED COST $1,386)<br>| &nbsp;&nbsp; 1442 |
|  | PURCHASED PUT OPTIONS—0.1% |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200<br><sup>1</sup> <br>| SPDR S&P 500 ETF Trust (PUT-Option), Notional Amount $13,323,600, Exercise Price $640, Expiration Date 10/3/2025 | &nbsp;&nbsp; 5500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400<br><sup>1</sup> <br>| SPDR S&P 500 ETF Trust (PUT-Option), Notional Amount $26,647,200, Exercise Price $620, Expiration Date 10/17/2025 | &nbsp;&nbsp; 32600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 400<br><sup>1</sup> <br>| SPDR S&P 500 ETF Trust (PUT-Option), Notional Amount $26,647,200, Exercise Price $635, Expiration Date 10/17/2025 | &nbsp;&nbsp; 58000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 600<br><sup>1</sup> <br>| SPDR S&P 500 ETF Trust (PUT-Option), Notional Amount $39,970,800, Exercise Price $650, Expiration Date 10/3/2025 | &nbsp;&nbsp; 29100 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL PURCHASED PUT OPTIONS <br>(IDENTIFIED COST $235,778)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125200 |
|  | INVESTMENT COMPANIES—17.9% |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 183006 | Emerging Markets Core Fund | &nbsp;&nbsp; 1636071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 482543 | Federated Hermes High Income Bond Fund II, Class P | &nbsp;&nbsp; 2745672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1202 | Federated Hermes Short-Intermediate Government Fund, Institutional Shares | &nbsp;&nbsp; 11783 |
| &nbsp;&nbsp; 2401288 | Mortgage Core Fund | &nbsp;&nbsp; 20266870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 768453 | Project and Trade Finance Core Fund | &nbsp;&nbsp; 6869967 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT COMPANIES <br>(IDENTIFIED COST $30,833,588)<br>| &nbsp;&nbsp;&nbsp; 31530363 |
|  | REPURCHASE AGREEMENT—0.6% |  |
| $1018000 | Interest in $250,000,000 joint repurchase agreement 4.21%, dated 9/30/2025 under which Bank of America, N.A. will <br> repurchase securities provided as collateral for $250,029,236 on 10/1/2025. The securities provided as collateral at the end <br> of the period held with BNY Mellon as tri-party agent, were U.S. Government Agency securities with various maturities to <br> 1/25/2046 and the market value of those underlying securities was $257,530,113. <br>(IDENTIFIED COST $1,018,000)<br>| &nbsp;&nbsp; 1018000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—97.4% <br>(IDENTIFIED COST $155,432,013)<br>| &nbsp;&nbsp; 171734409 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—2.6%<sup>4</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 4553832 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $176288241 |

---

At September 30, 2025, the Fund had the following outstanding futures contracts:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number of** <br>**Contracts**<br>| &nbsp;&nbsp; **Notional** <br>**Value**<br>| &nbsp;&nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp; **Value and** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| **Long Futures:** |  |  |  |  |
| S&P 500 E-Mini Long Futures | &nbsp;&nbsp; 140 | &nbsp;&nbsp;&nbsp; $47171250 | December 2025 | &nbsp;&nbsp;&nbsp; $539794 |
| United States Treasury Notes 2-Year Long Futures | &nbsp;&nbsp; 167 | &nbsp;&nbsp;&nbsp; $34802539 | December 2025 | &nbsp;&nbsp;&nbsp; $13228 |
| United States Treasury Notes 5-Year Long Futures | &nbsp;&nbsp; 59 | &nbsp;&nbsp;&nbsp; $6442523 | December 2025 | &nbsp;&nbsp;&nbsp; $5047 |
| United States Treasury Notes 10-Year Ultra Long Futures | &nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp; $1726172 | December 2025 | &nbsp;&nbsp;&nbsp; $3701 |
| **Short Futures:** |  |  |  |  |
| United States Treasury Notes 10-Year Short Futures | &nbsp;&nbsp; 315 | &nbsp;&nbsp;&nbsp; $35437500 | December 2025 | &nbsp;&nbsp;&nbsp; $(107366) |
| United States Treasury Ultra Bond Short Futures | &nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp; $2521312 | December 2025 | &nbsp;&nbsp;&nbsp; $(70276) |
| &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp;&nbsp; NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | &nbsp;&nbsp;&nbsp; $384128 |

---

Net Unrealized Appreciation on Futures Contracts is included in "Other Assets and Liabilities—Net."

**16**

------

Affiliated fund holdings are investment companies which are funds managed by Federated Investment Management Company and Federated Equity Management Company of Pennsylvania (collectively, the "Co-Advisers") or an affiliate of the Co-Advisers. Transactions with affiliated fund holdings during the period ended September 30, 2025, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliates** | **Value as of** <br>**12/31/2024**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**Depreciation**<br>| **Net** <br>**Realized** <br>**Gain/** <br>**(Loss)**<br>| **Value as of** <br>**9/30/2025**<br>| **Shares** <br>**Held as of** <br>**9/30/2025**<br>| **Dividend** <br>**Income**<br>|
| Bank Loan Core Fund | $548535 | $12884 | $(551843) | $2622 | $(12198) | $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | $12997 |
| Emerging Markets Core Fund | $2603116 | $104804 | $(1121657) | $(63565) | $113373 | $1636071 | &nbsp;&nbsp; 183006 | $105115 |
| Federated Hermes High Income Bond Fund II, <br> Class P<br>| $3250926 | $1392081 | $(1950000) | $(11587) | $64252 | $2745672 | &nbsp;&nbsp; 482543 | $167081 |
| Federated Hermes Short-Intermediate Government <br> Fund, Institutional Shares<br>| $11237 | $322 | $— | $224 | $— | $11783 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1202 | $358 |
| Mortgage Core Fund | $27825913 | $832777 | $(9100000) | $1579162 | $(870982) | $20266870 | 2401288 | $832989 |
| Project and Trade Finance Core Fund | $6022842 | $1286421 | $(500000) | $71402 | $(10698) | $6869967 | &nbsp;&nbsp; 768453 | $287424 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OF AFFILIATED TRANSACTIONS | $40262569 | $3629289 | $(13223500) | $1578258 | $(716253) | $31530363 | 3836492 | $1405964 |

---

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

---

| | |
|:---|:---|
| 1 | *Non-income-producing security.* |
| 2 | *Market quotations and price evaluations are not available. Fair value determined using significant unobservable inputs in accordance with procedures established* <br> *by and under the general supervision of the Fund's Adviser acting through its Valuation Committee.*<br>|
| 3 | *Floating/adjustable note with current rate and current maturity or next reset date shown. Adjustable rate mortgage security coupons are based on the weighted* <br> *average note rates of the underlying mortgages less the guarantee and servicing fees. These securities do not indicate an index and spread in their description* <br> *above.*<br>|
| 4 | *Assets, other than investments in securities, less liabilities.* |

---

Note: The categories of investments are shown as a percentage of net assets at September 30, 2025.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Equity securities listed on an exchange or traded through a regulated market system are valued at their last reported sale price or official closing price in their principal exchange or market.

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by the Co-Advisers.

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Co-Advisers.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Co-Advisers, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Co-Advisers' valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Co-Advisers' valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, the Fund's Board of Trustees (the "Trustees") has designated the Co-Advisers as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Co-Advisers are subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Co-Advisers' fair value determinations.

The Co-Advisers, acting through their Valuation Committee, are responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Co-Advisers and certain of the Co-Advisers' affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the

**17**

------

Co-Advisers based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Co-Advisers. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Co-Advisers' fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Co-Advisers.

The Co-Advisers have also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Co-Advisers have adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Co-Advisers. The Trustees periodically review fair valuations made in response to significant events.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

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

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

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

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

**18**

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of September 30, 2025, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Equity Securities:** |  |  |  |  |
| Common Stocks |  |  |  |  |
| &nbsp;&nbsp; Domestic | &nbsp;&nbsp; $70016498 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1008 | &nbsp;&nbsp; $70017506 |
| &nbsp;&nbsp; International | &nbsp;&nbsp;&nbsp; 1454180 | &nbsp;&nbsp;&nbsp; 1944091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 3398271 |
| **Debt Securities:** |  |  |  |  |
| U.S. Treasuries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 44827153 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 44827153 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; 19933959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 19933959 |
| Commercial Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 674119 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 674119 |
| Foreign Governments/Agency | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197750 |
| Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10646 |
| Adjustable Rate Mortgages | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1442 |
| **Purchased Put Options** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125200 |
| **Investment Companies** | &nbsp;&nbsp; 24660396 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 24660396 |
| **Other Investments**<sup>1</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6869967 |
| **Repurchase Agreement** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 1018000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1018000 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | &nbsp;&nbsp; $96256274 | &nbsp;&nbsp; $68607160 | &nbsp;&nbsp; $1008 | &nbsp;&nbsp; $171734409 |
| **Other Financial Instruments:**<sup>2</sup> <br>|  |  |  |  |
| Assets | &nbsp;&nbsp; $561770 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $561770 |
| Liabilities | &nbsp;&nbsp;&nbsp;&nbsp; (177642) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (177642) |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OTHER FINANCIAL INSTRUMENTS | &nbsp;&nbsp; $384128 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $384128 |

---

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

---

| | |
|:---|:---|
| 1 | *As permitted by U.S. generally accepted accounting principles (GAAP), an Investment Company valued at $6,869,967 is measured at fair value using the net asset* <br> *value (NAV) per share practical expedient and has not been categorized in the fair value hierarchy chart above but is included in the Total column. The price of* <br> *shares redeemed of Project and Trade Finance Core Fund (PTCORE), a portfolio of Federated Hermes Core Trust III, may be determined as of the closing NAV of* <br> *the fund up to twenty-four days after receipt of a shareholder redemption request. The investment objective of PTCORE is to provide total return. Copies of the* <br> *PTCORE financial statements are available on the EDGAR database on the SEC's website or upon request from the Fund.*<br>|
| 2 | *Other financial instruments are futures contracts.* |

---

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

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| ADR | —American Depositary Receipt |
| ARM | —Adjustable Rate Mortgage |
| ETF | —Exchange-Traded Fund |
| FHLMC | —Federal Home Loan Mortgage Corporation |
| GMTN | —Global Medium Term Note |
| MTN | —Medium Term Note |
| REIT | —Real Estate Investment Trust |
| REMIC | —Real Estate Mortgage Investment Conduit |
| SOFR | —Secured Overnight Financing Rate |
| SPDR | —Standard & Poor's Depositary Receipt |

---

**19**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Insurance Series

- **b. Investment Company Act file number:** 811-08042

- **c. CIK number of Registrant:** 0000912577

- **d. LEI of Registrant:** 254900PGYAB5I8WZFV72

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Managed Volatility Fund II

- **b. EDGAR series identifier (if any):** S000009746

- **c. LEI of Series:** BD970B5DUZKP046BJ822

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $176617352.61

**Total Liabilities:** $275752.02

**Net Assets:** $176341600.59

**Delayed Delivery Securities:** $49816.50

**Cash Not Reported:** $3704869.52

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -48.463984000000 | **1-Year:** -1191.570006000000 | **5-Year:** -3713.955477000000 | **10-Year:** -5153.624204000000 | **30-Year:** -3084.153574000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026773 | 0.21%                | 2.59%                | 2.02%                |
| Class ID C000199834 | 0.20%                | 2.54%                | 2.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $638008.06               | $-539597.97                                |
| Month 2  | $1210017.72              | $2455764.89                                |
| Month 3  | $939223.06               | $1614172.63                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BofA Securities, Inc.                                                    | REPO BANK AMERICA                                                               | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |   1018000 | PA      | $1018000.00   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Albemarle Corp                                                           | Albemarle Corp                                                                  | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |       184 | NS      | $14918.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co                                                | Archer-Daniels-Midland Co                                                       | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      4452 | NS      | $265962.48    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                                                | Amgen Inc                                                                       | CUSIP: 031162DT4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79850.64     | 0.05%             | 2053-03-02      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BLACKROCK INC                                                            | BlackRock Inc                                                                   | CUSIP: 09247XAT8<br>LEI: 549300LRIF3NWCU26A80 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40896.28     | 0.02%             | 2033-05-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                                                    | AvalonBay Communities Inc                                                       | CUSIP: 05348EBA6<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |    135000 | PA      | $133477.35    | 0.08%             | 2027-05-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                                    | Bath & Body Works Inc                                                           | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |      4806 | NS      | $123802.56    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                                                            | Boeing Co/The                                                                   | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     25000 | PA      | $27656.50     | 0.02%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                                     | Boston Properties LP                                                            | CUSIP: 10112RAX2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              |  | US        |    100000 | PA      | $99706.67     | 0.06%             | 2026-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Bright Horizons Family Solutions Inc                                     | Bright Horizons Family Solutions Inc                                            | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       202 | NS      | $21931.14     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                  | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DW5<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     70000 | PA      | $52280.12     | 0.03%             | 2052-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Cisco Systems Inc                                                        | Cisco Systems Inc                                                               | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     10990 | NS      | $751935.80    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                                            | Citigroup Inc                                                                   | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     95000 | PA      | $86520.23     | 0.05%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| Builders FirstSource Inc                                                 | Builders FirstSource Inc                                                        | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |       593 | NS      | $71901.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV                                                        | CNH Industrial NV                                                               | CUSIP: 12594KAB8<br>LEI: 549300WGC2HZ5J67V817 | Long             | DBT              | CORP              | NL        |     50000 | PA      | $49758.56     | 0.03%             | 2027-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                                             | Comcast Corp                                                                    | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     11971 | NS      | $376128.82    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION EN GEN LLC                                                 | Constellation Energy Generation LLC                                             | CUSIP: 210385AC4<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |     75000 | PA      | $80167.88     | 0.05%             | 2033-03-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                                                       | Conagra Brands Inc                                                              | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |      7837 | NS      | $143495.47    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc                                                  | Darling Ingredients Inc                                                         | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |       282 | NS      | $8705.34      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                  | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $56356.44     | 0.03%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Edison International                                                     | Edison International                                                            | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |       300 | NS      | $16584.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EASTERN GAS TRAN                                                         | Eastern Gas Transmission & Storage Inc                                          | CUSIP: 276480AB6<br>LEI: H2VQBNB3NSKRM5QWBI71 | Long             | DBT              | CORP              | US        |    145000 | PA      | $107578.42    | 0.06%             | 2049-11-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| EASTERN GAS TRAN                                                         | Eastern Gas Transmission & Storage Inc                                          | CUSIP: 276480AH3<br>LEI: H2VQBNB3NSKRM5QWBI71 | Long             | DBT              | CORP              | US        |     45000 | PA      | $42844.37     | 0.02%             | 2029-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FedEx Corp                                                               | FedEx Corp                                                                      | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       282 | NS      | $66498.42     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc                               | Fidelity National Information Services Inc                                      | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |       410 | NS      | $27035.40     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                 | Ginnie Mae II Pool                                                              | CUSIP: 36202DLV1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1083 | PA      | $1123.14      | 0.00%             | 2031-02-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| General Motors Co                                                        | General Motors Co                                                               | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      2604 | NS      | $158765.88    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                                                       | Globus Medical Inc                                                              | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      1624 | NS      | $93006.48     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97659.03     | 0.06%             | 2027-10-21      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Healthcare Realty Trust Inc                                              | Healthcare Realty Trust Inc                                                     | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               |  | US        |     17881 | NS      | $322394.43    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                                                    | Keysight Technologies Inc                                                       | CUSIP: 49338LAG8<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45307.61     | 0.03%             | 2034-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| F5 Inc                                                                   | F5 Inc                                                                          | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |       442 | NS      | $142849.98    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                                               | Fiserv Inc                                                                      | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      3519 | NS      | $453704.67    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC                                                               | Fiserv Inc                                                                      | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97212.49     | 0.06%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Ginnie Mae II Pool                                                              | CUSIP: 36202DRH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3259 | PA      | $3369.77      | 0.00%             | 2032-01-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Liberty Media Corp-Liberty Live                                          | Liberty Media Corp-Liberty Live                                                 | CUSIP: 531229748<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       683 | NS      | $64406.90     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Royalty Corp                                                     | Lithium Royalty Corp                                                            | CUSIP: 53680W105<br>LEI: 549300PNTZ1SGOX9FY92 | Long             | EC               | CORP              | CA        |     15000 | NS      | $66393.62     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK HILLS CORP                                                         | Black Hills Corp                                                                | CUSIP: 092113AT6<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92160.60     | 0.05%             | 2030-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Blackrock Inc                                                            | Blackrock Inc                                                                   | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |        62 | NS      | $72283.94     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                                                            | Boeing Co/The                                                                   | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |       633 | NS      | $136620.39    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                                           | Lowe's Cos Inc                                                                  | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      1507 | NS      | $378724.17    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MARS INC                                                                 | Mars Inc                                                                        | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81812.44     | 0.05%             | 2035-03-01      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| BROADCOM INC                                                             | Broadcom Inc                                                                    | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4268.82      | 0.00%             | 2036-11-15      | Fixed         | 3.19%                 | Yes           |                  2 | On Loan: No      |
| CNA FINANCIAL CORP                                                       | CNA Financial Corp                                                              | CUSIP: 126117AX8<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103864.69    | 0.06%             | 2033-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ADT Inc                                                                  | ADT Inc                                                                         | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40591 | NS      | $353547.61    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                                                      | Gilead Sciences Inc                                                             | CUSIP: 375558BZ5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31473.30     | 0.02%             | 2033-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                                  | Honeywell International Inc                                                     | CUSIP: 438516CA2<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |     70000 | PA      | $45693.71     | 0.03%             | 2050-06-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Carnival Corp                                                            | Carnival Corp                                                                   | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |        13 | NS      | $375.83       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CARRIER GLOBAL CORP                                                      | Carrier Global Corp                                                             | CUSIP: 14448CBD5<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |     25000 | PA      | $27137.82     | 0.02%             | 2054-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| NiSource Inc                                                             | NiSource Inc                                                                    | CUSIP: 65473QBF9<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     80000 | PA      | $67432.55     | 0.04%             | 2047-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Packaging Corp of America                                                | Packaging Corp of America                                                       | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |       122 | NS      | $26587.46     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                                          | Caterpillar Inc                                                                 | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       851 | NS      | $406054.65    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                                                             | Chevron Corp                                                                    | CUSIP: 166764CA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $65984.20     | 0.04%             | 2050-05-11      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| Cirrus Logic Inc                                                         | Cirrus Logic Inc                                                                | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      1118 | NS      | $140074.22    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                                                 | Citizens Financial Group Inc                                                    | CUSIP: 174610BH7<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     85000 | PA      | $88779.76     | 0.05%             | 2032-07-23      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                                                 | Piedmont Operating Partnership LP                                               | CUSIP: 720198AF7<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |     40000 | PA      | $34101.73     | 0.02%             | 2032-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                                                    | Republic Services Inc                                                           | CUSIP: 760759BA7<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     40000 | PA      | $34909.69     | 0.02%             | 2033-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                                    | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150BB9<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100465.98    | 0.06%             | 2028-08-04      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Intel Corp                                                               | Intel Corp                                                                      | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |     20621 | NS      | $691834.55    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION EN GEN LLC                                                 | Constellation Energy Generation LLC                                             | CUSIP: 210385AE0<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |     25000 | PA      | $27889.89     | 0.02%             | 2053-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp                                                         | Exxon Mobil Corp                                                                | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      9084 | NS      | $1024221.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                                  | Charles Schwab Corp/The                                                         | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |       617 | NS      | $58904.99     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                                                 | Simon Property Group Inc                                                        | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               |  | US        |      2329 | NS      | $437083.43    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp                                                     | AGNC Investment Corp                                                            | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               |  | US        |      4927 | NS      | $48235.33     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                                                 | AT&T Inc                                                                        | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     23624 | NS      | $667141.76    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                                          | T-Mobile US Inc                                                                 | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |       412 | NS      | $98624.56     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                                                         | T-Mobile USA Inc                                                                | CUSIP: 87264ABL8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     80000 | PA      | $60148.60     | 0.03%             | 2041-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                                             | Thermo Fisher Scientific Inc                                                    | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       644 | NS      | $312352.88    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                                                | United Parcel Service Inc                                                       | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |       117 | NS      | $9773.01      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                                                 | AT&T Inc                                                                        | CUSIP: 00206RNC2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49629.17     | 0.03%             | 2035-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                                   | Chubb INA Holdings Inc                                                          | CUSIP: 00440EAV9<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29879.33     | 0.02%             | 2026-05-03      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                       | Meta Platforms Inc                                                              | CUSIP: 30303M8H8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73022.00     | 0.04%             | 2032-08-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                                                 | FirstEnergy Transmission LLC                                                    | CUSIP: 33767BAC3<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    120000 | PA      | $102765.57    | 0.06%             | 2049-04-01      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                                  | MPLX LP                                                                         | CUSIP: 55336VCC2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25065.97     | 0.01%             | 2035-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                                           | Microsoft Corp                                                                  | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |     65000 | PA      | $41189.67     | 0.02%             | 2050-06-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Holdings Inc                                        | Allison Transmission Holdings Inc                                               | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |        18 | NS      | $1527.84      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                                             | Alphabet Inc                                                                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      4998 | NS      | $1217262.90   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                                                     | Freeport-McMoRan Inc                                                            | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |        74 | NS      | $2902.28      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                                                      | Gilead Sciences Inc                                                             | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      5082 | NS      | $564102.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC                                                             | Alphabet Inc                                                                    | CUSIP: 02079KAF4<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    115000 | PA      | $65520.40     | 0.04%             | 2050-08-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| American International Group Inc                                         | American International Group Inc                                                | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |      1028 | NS      | $80739.12     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP                                                 | Healthcare Trust of America Holdings LP                                         | CUSIP: 42225UAH7<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              |  | US        |    100000 | PA      | $86851.80     | 0.05%             | 2031-03-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Hologic Inc                                                              | Hologic Inc                                                                     | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |      4750 | NS      | $320577.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                                                    | US Foods Holding Corp                                                           | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      3244 | NS      | $248555.28    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                                                       | Voya Financial Inc                                                              | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |      2293 | NS      | $171516.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                           | Morgan Stanley                                                                  | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78141.83     | 0.04%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Nutanix Inc                                                              | Nutanix Inc                                                                     | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |      2900 | NS      | $215731.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                                                       | Home Depot Inc/The                                                              | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       715 | NS      | $289710.85    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                                                 | Huntington Ingalls Industries Inc                                               | CUSIP: 446413AL0<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108312.00    | 0.06%             | 2027-12-01      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                | ONEOK Inc                                                                       | CUSIP: 682680BN2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     50000 | PA      | $53224.06     | 0.03%             | 2053-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Onto Innovation Inc                                                      | Onto Innovation Inc                                                             | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |       288 | NS      | $37215.36     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American Integrity Insurance Group Inc                                   | American Integrity Insurance Group Inc                                          | CUSIP: 026948109<br>LEI: 529900Y2VOV2LYV4OK68 | Long             | EC               | CORP              | US        |      6404 | NS      | $142873.24    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                                                      | Elevance Health Inc                                                             | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       246 | NS      | $79487.52     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                                                       | Kraft Heinz Co/The                                                              | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |      5291 | NS      | $137777.64    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                                                            | McKesson Corp                                                                   | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       466 | NS      | $360003.64    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIFIC LIFE INSURANCE C                                                 | Pacific Life Insurance Co                                                       | CUSIP: 69448FAA9<br>LEI: 8WC3XYHE06SQFW7CQK10 | Long             | DBT              | CORP              | US        |     70000 | PA      | $56251.28     | 0.03%             | 2067-10-24      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                       | Pacific Life Global Funding II                                                  | CUSIP: 6944PL2Z1<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51108.21     | 0.03%             | 2029-01-11      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| ASTRAZENECA PLC                                                          | AstraZeneca PLC                                                                 | CUSIP: 046353AW8<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |     90000 | PA      | $79255.46     | 0.04%             | 2030-08-06      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Automatic Data Processing Inc                                            | Automatic Data Processing Inc                                                   | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       809 | NS      | $237441.50    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MID-AMERICA APARTMENTS                                                   | Mid-America Apartments LP                                                       | CUSIP: 59523UAM9<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              |  | US        |    135000 | PA      | $134877.58    | 0.08%             | 2025-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MongoDB Inc                                                              | MongoDB Inc                                                                     | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |        34 | NS      | $10552.92     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                           | Morgan Stanley                                                                  | CUSIP: 61744YAP3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    290000 | PA      | $287517.80    | 0.16%             | 2029-01-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                                                 | National Rural Utilities Cooperative Finance Corp                               | CUSIP: 637432NK7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69910.78     | 0.04%             | 2046-04-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ralph Lauren Corp                                                        | Ralph Lauren Corp                                                               | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |       287 | NS      | $89991.72     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp                                                  | SBA Communications Corp                                                         | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |      1566 | NS      | $302786.10    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE INC                                                             | AutoZone Inc                                                                    | CUSIP: 053332BD3<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30061.58     | 0.02%             | 2033-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BACARDI-MARTINI BV                                                       | Bacardi-Martini BV                                                              | CUSIP: 05634WAB8<br>LEI: 5493002XXBV8B88K2408 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $104097.02    | 0.06%             | 2035-02-01      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| SentinelOne Inc                                                          | SentinelOne Inc                                                                 | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               | CORP              | US        |       653 | NS      | $11499.33     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc                                        | Take-Two Interactive Software Inc                                               | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      1267 | NS      | $327342.12    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                   | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KDJ6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77261.32     | 0.04%             | 2030-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc                                                  | O'Reilly Automotive Inc                                                         | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      1640 | NS      | $176808.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK INC                                                                | ONEOK Inc                                                                       | CUSIP: 682680BG7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21442.88     | 0.01%             | 2032-11-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                                  | Pfizer Investment Enterprises Pte Ltd                                           | CUSIP: 716973AG7<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |     60000 | PA      | $58024.37     | 0.03%             | 2053-05-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                    | Truist Financial Corp                                                           | CUSIP: 89788MAS1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26242.95     | 0.01%             | 2035-01-24      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CKF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    270000 | PA      | $274359.07    | 0.16%             | 2031-03-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                                                              | Ameren Corp                                                                     | CUSIP: 023608AK8<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    165000 | PA      | $155943.11    | 0.09%             | 2028-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                                    | Aon North America Inc                                                           | CUSIP: 03740MAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $110866.52    | 0.06%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | Bank of America Corp                                                            | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78431.28     | 0.04%             | 2036-01-24      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp/The                                         | Bank of New York Mellon Corp/The                                                | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      4640 | NS      | $505574.40    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                                                             | AutoZone Inc                                                                    | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        51 | NS      | $218802.24    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BOARDWALK PIPELINES LP                                                   | Boardwalk Pipelines LP                                                          | CUSIP: 096630AH1<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37476.21     | 0.02%             | 2031-02-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Bank                                                                     | BANK 2022-BNK40                                                                 | CUSIP: 06541LBG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110000 | PA      | $102159.90    | 0.06%             | 2064-03-15      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Inc                                                   | Berkshire Hathaway Inc                                                          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      4343 | NS      | $2183399.82   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp                                 | Wabtec Corp/DE                                                                  | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |       448 | NS      | $89810.56     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTIONS INC                                                    | Waste Connections Inc                                                           | CUSIP: 94106BAA9<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |     40000 | PA      | $37562.48     | 0.02%             | 2030-02-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                   | Philip Morris International Inc                                                 | CUSIP: 718172CP2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    125000 | PA      | $113969.28    | 0.06%             | 2030-05-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Ralliant Corp                                                            | Ralliant Corp                                                                   | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        17 | NS      | $743.41       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COMM Mortgage Trust                                                      | COMM 2015-DC1 Mortgage Trust                                                    | CUSIP: 12629NAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     35994 | PA      | $35520.52     | 0.02%             | 2048-02-10      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC                                                  | Jefferies Group LLC                                                             | CUSIP: 47233JDX3<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    100000 | PA      | $87033.20     | 0.05%             | 2032-10-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                   | SPDR S+P 500 ETF TRUST                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               |  | US        |       600 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                                                | Chubb Ltd                                                                       | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |        20 | NS      | $5645.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                                                              | Textron Inc                                                                     | CUSIP: 883203BX8<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99046.58     | 0.06%             | 2027-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Bonds                                                             | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    310000 | PA      | $307724.76    | 0.17%             | 2044-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Bonds                                                             | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2720000 | PA      | $2511315.34   | 1.42%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                                 | Raytheon Technologies Corp                                                      | CUSIP: 75513ECR0<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     95000 | PA      | $98428.44     | 0.06%             | 2033-02-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| REGIONS FINANCIAL CORP                                                   | Regions Financial Corp                                                          | CUSIP: 7591EPAU4<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52126.99     | 0.03%             | 2030-06-06      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Vornado Realty Trust                                                     | Vornado Realty Trust                                                            | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               |  | US        |      4979 | NS      | $201798.87    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC                                                              | Walmart Inc                                                                     | CUSIP: 931142FL2<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100731.95    | 0.06%             | 2027-04-28      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Biogen Inc                                                               | Biogen Inc                                                                      | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |       236 | NS      | $33058.88     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BIOGEN INC                                                               | Biogen Inc                                                                      | CUSIP: 09062XAG8<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |     75000 | PA      | $48807.41     | 0.03%             | 2050-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                 | Rogers Communications Inc                                                       | CUSIP: 775109CJ8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |     80000 | PA      | $69695.02     | 0.04%             | 2042-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                                   | Roper Technologies Inc                                                          | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |        83 | NS      | $41391.27     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Boardwalk Pipelines LP                                                   | Boardwalk Pipelines LP                                                          | CUSIP: 096630AG3<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30458.24     | 0.02%             | 2029-05-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                                                     | Booking Holdings Inc                                                            | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        66 | NS      | $356351.82    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO                                                              | Southern Co/The                                                                 | CUSIP: 842587DF1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99751.39     | 0.06%             | 2051-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Super Micro Computer Inc                                                 | Super Micro Computer Inc                                                        | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |       754 | NS      | $36146.76     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                                                | Warner Bros Discovery Inc                                                       | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |      6170 | NS      | $120500.10    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                                                   | Webster Financial Corp                                                          | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |      4485 | NS      | $266588.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGA RESOURCES CORP                                                     | Targa Resources Corp                                                            | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    140000 | PA      | $133086.03    | 0.08%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                       | Union Pacific Corp                                                              | CUSIP: 907818FU7<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |     65000 | PA      | $59270.38     | 0.03%             | 2031-05-20      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Bonds                                                             | CUSIP: 912810RZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     20000 | PA      | $14443.74     | 0.01%             | 2047-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Bonds                                                             | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    150000 | PA      | $97811.31     | 0.06%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Everest Group Ltd                                                        | Everest Group Ltd                                                               | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |       809 | NS      | $283336.07    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                                                  | CRH PLC                                                                         | CUSIP: 000000000<br>LEI: 549300MIDJNNTH068E74 | Long             | EC               | CORP              | IE        |      3492 | NS      | $418690.80    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                                               | CF Industries Holdings Inc                                                      | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |       862 | NS      | $77321.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMDEN PROPERTY TRUST                                                    | Camden Property Trust                                                           | CUSIP: 133131BB7<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              |  | US        |     90000 | PA      | $91383.86     | 0.05%             | 2034-01-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CKP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $515903.20    | 0.29%             | 2029-04-30      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CKT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    750000 | PA      | $771037.50    | 0.44%             | 2029-05-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Valmont Industries Inc                                                   | Valmont Industries Inc                                                          | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |       944 | NS      | $366017.12    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC ENERGY GROUP INC                                                     | WEC Energy Group Inc                                                            | CUSIP: 92939UAJ5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20386.37     | 0.01%             | 2027-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Inmode Ltd                                                               | Inmode Ltd                                                                      | CUSIP: 000000000<br>LEI: 984500DD95A35E9BD358 | Long             | EC               | CORP              | IL        |      4000 | NS      | $59600.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rigaku Holdings Corp                                                     | Rigaku Holdings Corp                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     16000 | NS      | $97060.91     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CAMPBELLS COMPANY                                                    | Campbell Soup Co                                                                | CUSIP: 134429BN8<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66769.97     | 0.04%             | 2029-03-21      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                 | Capital One Financial Corp                                                      | CUSIP: 14040HDN2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74203.57     | 0.04%             | 2036-09-11      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| CG oncology Inc                                                          | CG oncology Inc                                                                 | CUSIP: 156944100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3600 | NS      | $145008.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                                            | Citigroup Inc                                                                   | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      3190 | NS      | $323785.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                                    | Wells Fargo & Co                                                                | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31045.87     | 0.02%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Johnson Controls International plc                                       | Johnson Controls International plc                                              | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |      4664 | NS      | $512806.80    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                                                | Janus Henderson Group PLC                                                       | CUSIP: 000000000<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | JE        |      4530 | NS      | $201630.30    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                                            | Citigroup Inc                                                                   | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10105.38     | 0.01%             | 2036-09-11      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                                             | Citizens Financial Group Inc                                                    | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |      7381 | NS      | $392373.96    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                                                | Crocs Inc                                                                       | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |       753 | NS      | $62913.15     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                                                  | John Deere Capital Corp                                                         | CUSIP: 24422EUY3<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    145000 | PA      | $138668.68    | 0.08%             | 2029-07-18      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                  | Dell International LLC / EMC Corp                                               | CUSIP: 24703DBU4<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49740.93     | 0.03%             | 2036-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc                                                        | EOG Resources Inc                                                               | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |       129 | NS      | $14463.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                                                                 | eBay Inc                                                                        | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      3518 | NS      | $319962.10    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                                                              | EXELON CORP SR UNSECURED 04/50 4.7                                              | CUSIP: 30161NAY7<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    125000 | PA      | $108097.92    | 0.06%             | 2050-04-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                                              | Exelon Corp                                                                     | CUSIP: 30161NBH3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |     25000 | PA      | $19615.98     | 0.01%             | 2052-03-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                       | Meta Platforms Inc                                                              | CUSIP: 30303M8W5<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99343.74     | 0.06%             | 2064-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Fair Isaac Corp                                                          | Fair Isaac Corp                                                                 | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |        28 | NS      | $41902.84     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                         | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FRUH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    190306 | PA      | $179990.12    | 0.10%             | 2029-09-25      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                               | AbbVie Inc                                                                      | CUSIP: 00287YDZ9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51485.26     | 0.03%             | 2030-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Federated Core Trust - Federated Mortgage Core Portfolio                 | FEDERATED CORE TR MTG CORE PORTFOLIO                                            | CUSIP: 31409N200<br>LEI: 254900WC9GWJKY8X3D48 | Long             | EC               | RF                | US        |   2391180 | NS      | $20181557.78  | 11.44%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                                                 | CUSIP: 31410GME0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1383 | PA      | $1441.83      | 0.00%             | 2037-09-01      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                               | AbbVie Inc                                                                      | CUSIP: 00287YCB3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $84307.45     | 0.05%             | 2049-11-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                                            | AppLovin Corp                                                                   | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36146.26     | 0.02%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AbCellera Biologics Inc                                                  | AbCellera Biologics Inc                                                         | CUSIP: 00288U106<br>LEI: 9845000861BC95FF9F73 | Long             | EC               | CORP              | CA        |      1745 | NS      | $8777.35      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                                 | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AV1<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    100000 | PA      | $82185.97     | 0.05%             | 2033-02-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Ford Motor Co                                                            | Ford Motor Co                                                                   | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |      3224 | NS      | $38559.04     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTIS INC                                                               | Fortis Inc/Canada                                                               | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |     93000 | PA      | $91956.65     | 0.05%             | 2026-10-04      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                      | American Express Co                                                             | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25442.51     | 0.01%             | 2033-07-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| AUTODESK INC                                                             | Autodesk Inc                                                                    | CUSIP: 052769AJ5<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30842.05     | 0.02%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Ginnie Mae II Pool                                                              | CUSIP: 36202DC90<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1556 | PA      | $1600.11      | 0.00%             | 2029-08-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Ginnie Mae II Pool                                                              | CUSIP: 36202DS44<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      4394 | PA      | $4552.68      | 0.00%             | 2032-05-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AvalonBay Communities Inc                                                | AvalonBay Communities Inc                                                       | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               |  | US        |      1562 | NS      | $301731.54    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BAT Capital Corp                                                         | BAT Capital Corp                                                                | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     85000 | PA      | $71324.25     | 0.04%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                   | General Motors Financial Co Inc                                                 | CUSIP: 37045XDH6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47712.66     | 0.03%             | 2028-04-10      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                              | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       245 | NS      | $195105.75    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                                                | Graco Inc                                                                       | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |      3889 | NS      | $330409.44    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                                               | Hasbro Inc                                                                      | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      3937 | NS      | $298621.45    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NY MELLON CORP                                                   | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RBG1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49996.23     | 0.03%             | 2028-06-13      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                 | Benchmark 2020-B19 Mortgage Trust                                               | CUSIP: 08162WBC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $175736.28    | 0.10%             | 2053-09-15      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                                                       | Ingersoll Rand Inc                                                              | CUSIP: 45687VAF3<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20865.27     | 0.01%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Ingredion Inc                                                            | Ingredion Inc                                                                   | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      2362 | NS      | $288423.82    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                                      | JPMorgan Chase & Co                                                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      7261 | NS      | $2290337.23   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust                               | JPMDB Commercial Mortgage Securities Trust 2016-C4                              | CUSIP: 46646RAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $98117.99     | 0.06%             | 2049-12-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                            | Boeing Co/The                                                                   | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     60000 | PA      | $68487.79     | 0.04%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| Boston Beer Co Inc/The                                                   | Boston Beer Co Inc/The                                                          | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |       155 | NS      | $32770.10     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                                      | JPMorgan Chase & Co                                                             | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91516.45     | 0.05%             | 2033-01-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                      | JPMorgan Chase & Co                                                             | CUSIP: 46647PDR4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93805.58     | 0.05%             | 2034-06-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| AptarGroup Inc                                                           | AptarGroup Inc                                                                  | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |      1144 | NS      | $152907.04    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank                                                                     | BANK 2017-BNK8                                                                  | CUSIP: 06650AAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     85000 | PA      | $82594.29     | 0.05%             | 2050-11-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                             | Broadcom Inc                                                                    | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19928.28     | 0.01%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                             | Broadcom Inc                                                                    | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66970.18     | 0.04%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                                                  | KeyCorp                                                                         | CUSIP: 49326EEP4<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |     75000 | PA      | $81417.86     | 0.05%             | 2035-03-06      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| LB Pharmaceuticals Inc                                                   | LB Pharmaceuticals Inc                                                          | CUSIP: 50180M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5000 | NS      | $78950.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                                                         | Leonardo DRS Inc                                                                | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |       751 | NS      | $34095.40     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN NATIONAL CORP                                                    | Lincoln National Corp                                                           | CUSIP: 534187BK4<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33086.95     | 0.02%             | 2031-01-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                | Boeing Co/The                                                                   | CUSIP: 097023CM5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122498.18    | 0.07%             | 2027-02-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc                                                      | Cheniere Energy Inc                                                             | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |       649 | NS      | $152502.02    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                                                                  | MPLX LP                                                                         | CUSIP: 55336VBU3<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100364.48    | 0.06%             | 2032-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MACOM Technology Solutions Holdings Inc                                  | MACOM Technology Solutions Holdings Inc                                         | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       129 | NS      | $16059.21     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                                                 | Columbia Pipelines Holding Co LLC                                               | CUSIP: 19828AAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $67082.12     | 0.04%             | 2034-01-15      | Fixed         | 5.68%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                   | Daimler Trucks Finance North America LLC                                        | CUSIP: 233853AG5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $141396.49    | 0.08%             | 2028-12-14      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                           | Morgan Stanley                                                                  | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      4794 | NS      | $762054.24    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                           | Morgan Stanley                                                                  | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15996.04     | 0.01%             | 2035-04-19      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Digital Realty Trust Inc                                                 | Digital Realty Trust Inc                                                        | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               |  | US        |        69 | NS      | $11928.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                                                          | EMCOR Group Inc                                                                 | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       584 | NS      | $379331.36    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corp                                                           | NewMarket Corp                                                                  | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |        37 | NS      | $30643.77     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                                                             | Newmont Corp                                                                    | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      6560 | NS      | $553073.60    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                                                 | Burlington Northern Santa Fe LLC                                                | CUSIP: 12189LBK6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $72053.91     | 0.04%             | 2054-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Cigna Group/The                                                          | Cigna Group/The                                                                 | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      1094 | NS      | $315345.50    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                 | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BT0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $39627.18     | 0.02%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Chemed Corp                                                              | Chemed Corp                                                                     | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |         9 | NS      | $4029.66      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                                             | Chevron Corp                                                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3751 | NS      | $582492.79    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC                                                        | Cisco Systems Inc                                                               | CUSIP: 17275RBQ4<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75934.17     | 0.04%             | 2027-02-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                  | Bristol-Myers Squibb Co                                                         | CUSIP: 110122CR7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     40000 | PA      | $33187.80     | 0.02%             | 2049-10-26      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                   | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KBR0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    235000 | PA      | $214668.07    | 0.12%             | 2030-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Okta Inc                                                                 | Okta Inc                                                                        | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |       469 | NS      | $43007.30     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA FEMSA SAB CV                                                   | Coca-Cola Femsa SAB de CV                                                       | CUSIP: 191241AK4<br>LEI: 5493008KEVFYPMGTXO33 | Long             | DBT              | CORP              | MX        |    150000 | PA      | $151302.31    | 0.09%             | 2035-05-06      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| COMERICA INC                                                             | Comerica Inc                                                                    | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52042.49     | 0.03%             | 2030-01-30      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Ovintiv Inc                                                              | Ovintiv Inc                                                                     | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |      8678 | NS      | $350417.64    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                                                     | Parker-Hannifin Corp                                                            | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |       330 | NS      | $250189.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                                  | Pfizer Investment Enterprises Pte Ltd                                           | CUSIP: 716973AC6<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |     70000 | PA      | $70809.06     | 0.04%             | 2028-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                                  | Pfizer Investment Enterprises Pte Ltd                                           | CUSIP: 716973AE2<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |     70000 | PA      | $70740.12     | 0.04%             | 2033-05-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Concentra Group Holdings Parent Inc                                      | Concentra Group Holdings Parent Inc                                             | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3500 | NS      | $73255.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp                                                | Constellation Energy Corp                                                       | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |       441 | NS      | $145119.87    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Emera US Finance LP                                                      | Emera US Finance LP                                                             | CUSIP: 29103DAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $43203.51     | 0.02%             | 2046-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Exact Sciences Corp                                                      | Exact Sciences Corp                                                             | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |      4087 | NS      | $223599.77    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Corebridge Financial Inc                                                 | Corebridge Financial Inc                                                        | CUSIP: 21871X109<br>LEI: 549300XY1661QCIA7J65 | Long             | EC               | CORP              | US        |      8553 | NS      | $274123.65    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                                                              | Corteva Inc                                                                     | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      3820 | NS      | $258346.60    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc/NC                                         | First Citizens BancShares Inc/NC                                                | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       205 | NS      | $366777.80    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                                                             | Fortive Corp                                                                    | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |        53 | NS      | $2596.47      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                                                       | Crown Holdings Inc                                                              | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |      1102 | NS      | $106442.18    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                                                      | Curtiss-Wright Corp                                                             | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |       740 | NS      | $401775.60    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                  | Bristol-Myers Squibb Co                                                         | CUSIP: 110122EK0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74802.59     | 0.04%             | 2054-02-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                 | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BY9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $15594.05     | 0.01%             | 2061-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Ciena Corp                                                               | Ciena Corp                                                                      | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |       175 | NS      | $25492.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc                                                    | Civitas Resources Inc                                                           | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |      2063 | NS      | $67047.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                                                     | Generac Holdings Inc                                                            | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |        34 | NS      | $5691.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    275000 | PA      | $242741.15    | 0.14%             | 2032-01-27      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| Hartford Insurance Group Inc/The                                         | Hartford Financial Services Group Inc/The                                       | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      2667 | NS      | $355751.13    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                                           | Microsoft Corp                                                                  | CUSIP: 594918BJ2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199797.28    | 0.11%             | 2025-11-03      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| CONTRA MIRATI THERAPEU                                                   | CONTRA MIRATI THERAPEU                                                          | CUSIP: 604CVR027<br>LEI: 529900GYRW59IDQV6N54 | N/A              | DE               |  | US        |      1440 | NS      | $1008.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MORGAN STANLEY                                                           | Morgan Stanley                                                                  | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     40000 | PA      | $34896.74     | 0.02%             | 2032-02-13      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| Clearway Energy Inc                                                      | Clearway Energy Inc                                                             | CUSIP: 18539C105<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |      8976 | NS      | $241723.68    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                                             | Comcast Corp                                                                    | CUSIP: 20030NEF4<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    130000 | PA      | $121985.00    | 0.07%             | 2053-05-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc                                          | Philip Morris International Inc                                                 | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      5286 | NS      | $857389.20    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Inc                                      | Public Service Enterprise Group Inc                                             | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      3686 | NS      | $307633.56    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                                                            | DTE Energy Co                                                                   | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |      1355 | NS      | $191637.65    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                                                 | EQT Corp                                                                        | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      5562 | NS      | $302739.66    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Pattern Group Inc                                                        | Pattern Group Inc                                                               | CUSIP: 70339W104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $137000.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DOC DR LLC                                                               | Physicians Realty LP                                                            | CUSIP: 71951QAB8<br>LEI: 549300P6Q1UMT0X60U20 | Long             | DBT              |  | US        |    125000 | PA      | $124039.60    | 0.07%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ERAC USA FINANCE LLC                                                     | ERAC USA Finance LLC                                                            | CUSIP: 26884TAW2<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50893.94     | 0.03%             | 2033-05-01      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                       | Energy Transfer Partners LP                                                     | CUSIP: 29278NAF0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101746.81    | 0.06%             | 2028-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Public Storage                                                           | Public Storage                                                                  | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               |  | US        |      1318 | NS      | $380704.30    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                                                | Qorvo Inc                                                                       | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |       351 | NS      | $31969.08     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc                                                 | Prudential Financial Inc                                                        | CUSIP: 74432QCA1<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90088.18     | 0.05%             | 2044-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| RAYMOND JAMES FINANCIAL                                                  | Raymond James Financial Inc                                                     | CUSIP: 754730AG4<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101532.15    | 0.06%             | 2030-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                  | Corebridge Global Funding                                                       | CUSIP: 00138CAV0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |     90000 | PA      | $94216.84     | 0.05%             | 2028-09-19      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: No      |
| AT&T INC                                                                 | AT&T Inc                                                                        | CUSIP: 00206RMY5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206062.83    | 0.12%             | 2035-08-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                                            | Regeneron Pharmaceuticals Inc                                                   | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       129 | NS      | $72532.83     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Relay Therapeutics Inc                                                   | Relay Therapeutics Inc                                                          | CUSIP: 75943R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $104400.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers LP                                                       | Regency Centers LP                                                              | CUSIP: 75884RAX1<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |    100000 | PA      | $100024.49    | 0.06%             | 2028-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc                                                    | Reynolds American Inc                                                           | CUSIP: 761713BW5<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |     25000 | PA      | $27106.32     | 0.02%             | 2041-08-04      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Etsy Inc                                                                 | Etsy Inc                                                                        | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |      3943 | NS      | $261775.77    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                                                             | Exelixis Inc                                                                    | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |       429 | NS      | $17717.70     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc                                                      | AST SpaceMobile Inc                                                             | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Long             | EC               | CORP              | US        |       200 | NS      | $9816.00      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                                                      | Abbott Laboratories                                                             | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      1559 | NS      | $208812.46    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                                               | Advanced Micro Devices Inc                                                      | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      1705 | NS      | $275851.95    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                                                        | State Street Corp                                                               | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      1979 | NS      | $229583.79    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                                                      | Synchrony Financial                                                             | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |      5293 | NS      | $376067.65    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                                             | Alphabet Inc                                                                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      3478 | NS      | $845501.80    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                                                | Apple Inc                                                                       | CUSIP: 037833ET3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80480.63     | 0.05%             | 2028-05-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                       | Meta Platforms Inc                                                              | CUSIP: 30303M8G0<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99605.98     | 0.06%             | 2027-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federated High Income Bond Fund II                                       | FEDERATED INS SER HIGH INCOME BD FD II PRIMARY                                  | CUSIP: 313916306<br>LEI: 254900EZGFTCE96E2T22 | Long             | EC               | RF                | US        |    482543 | NS      | $2745671.68   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERATED CORE TR                                                        | FEDERATED CORE TR MUTUAL FUND                                                   | CUSIP: 31409N887<br>LEI: 254900HYFNGKM5PJOV84 | Long             | EC               | RF                | US        |    181236 | NS      | $1620251.96   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Federated Core Trust III - Federated Project and Trade Finance Core Fund | FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE                             | CUSIP: 31415N103<br>LEI: 549300K79QCJYF3J1472 | Long             | EC               | RF                | US        |    764409 | NS      | $6833818.95   | 3.88%             |  |  |  | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                         | T-Mobile USA Inc                                                                | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51089.05     | 0.03%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                    | Uber Technologies Inc                                                           | CUSIP: 90353TAN0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45163.53     | 0.03%             | 2030-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Affiliated Managers Group Inc                                            | Affiliated Managers Group Inc                                                   | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      1129 | NS      | $269187.47    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                                                 | Agilent Technologies Inc                                                        | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |       914 | NS      | $117311.90    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Short-Intermediate Government Fund                      | Federated US Government Securities Fund: 2-5 Years                              | CUSIP: 31428P103<br>LEI: 254900SWAIADU3QEC772 | Long             | EC               | RF                | US        |      1199 | NS      | $11747.13     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORP                                                               | FedEx Corp                                                                      | CUSIP: 31428XCN4<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |     80000 | PA      | $59901.21     | 0.03%             | 2041-05-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Amazon.com Inc                                                           | Amazon.com Inc                                                                  | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      4675 | NS      | $1026489.75   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                                           | Amazon.com Inc                                                                  | CUSIP: 023135BF2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    125000 | PA      | $115305.49    | 0.07%             | 2037-08-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Five Below Inc                                                           | Five Below Inc                                                                  | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |       435 | NS      | $67294.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| FORTINET INC                                                             | Fortinet Inc                                                                    | CUSIP: 34959EAA7<br>LEI: 549300O0QJWDBAS0QX03 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108251.29    | 0.06%             | 2026-03-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                                                 | Constellation Brands Inc                                                        | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      1685 | NS      | $226918.95    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| DENTSPLY SIRONA Inc                                                      | DENTSPLY SIRONA Inc                                                             | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |     11989 | NS      | $152140.41    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                                                           | Globe Life Inc                                                                  | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |       485 | NS      | $69340.45     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO CORP                                                               | HEICO Corp                                                                      | CUSIP: 422806AB5<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62283.88     | 0.04%             | 2033-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| WALT DISNEY COMPANY/THE                                                  | Walt Disney Co/The                                                              | CUSIP: 254687GA8<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |     45000 | PA      | $33728.88     | 0.02%             | 2060-05-13      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc                                                               | ECOLAB INC                                                                      | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      1280 | NS      | $350540.80    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc                                             | United Airlines Holdings Inc                                                    | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |      1984 | NS      | $191456.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CKB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    750000 | PA      | $752029.80    | 0.43%             | 2026-02-28      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                 | Rogers Communications Inc                                                       | CUSIP: 775109CK5<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $41478.39     | 0.02%             | 2052-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                   | Roper Technologies Inc                                                          | CUSIP: 776696AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100162.67    | 0.06%             | 2034-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                                         | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39703.68     | 0.02%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                                         | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBW8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     35000 | PA      | $33496.08     | 0.02%             | 2054-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                                                    | Becton Dickinson and Co                                                         | CUSIP: 075887CK3<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |     52000 | PA      | $39845.98     | 0.02%             | 2050-05-20      | Fixed         | 3.79%                 | No            |                  2 | On Loan: No      |
| Bio-Rad Laboratories Inc                                                 | Bio-Rad Laboratories Inc                                                        | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |        51 | NS      | $14299.89     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                  | Hyundai Capital America                                                         | CUSIP: 44891ACU9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102454.21    | 0.06%             | 2029-01-08      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Incyte Corp                                                              | Incyte Corp                                                                     | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      1045 | NS      | $88626.45     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods Inc                                                        | Flowers Foods Inc                                                               | CUSIP: 343498AB7<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123929.85    | 0.07%             | 2026-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                   | General Motors Financial Co Inc                                                 | CUSIP: 37045XER3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78162.37     | 0.04%             | 2031-02-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| International Flavors & Fragrances Inc                                   | International Flavors & Fragrances Inc                                          | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |      2109 | NS      | $129787.86    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                                                      | JPMorgan Chase & Co                                                             | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77805.53     | 0.04%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Kenvue Inc                                                               | Kenvue Inc                                                                      | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |      2412 | NS      | $39146.76     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                                                  | Marathon Petroleum Corp                                                         | CUSIP: 56585AAH5<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |     50000 | PA      | $43075.83     | 0.02%             | 2044-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                                 | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748CA8<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61028.92     | 0.03%             | 2030-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                                                       | NextEra Energy Inc                                                              | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      9085 | NS      | $685826.65    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                                                   | Boston Scientific Corp                                                          | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      5900 | NS      | $576017.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW LLC/CDW FINANCE                                                      | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $46167.80     | 0.03%             | 2034-08-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                                                  | American Electric Power Co Inc                                                  | CUSIP: 025537AX9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73620.67     | 0.04%             | 2033-03-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                      | American Express Co                                                             | CUSIP: 025816DY2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72202.22     | 0.04%             | 2031-01-30      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| PPL Capital Funding Inc                                                  | PPL Capital Funding Inc                                                         | CUSIP: 69352PAL7<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99312.67     | 0.06%             | 2026-05-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Progressive Corp/The                                                     | Progressive Corp/The                                                            | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      1191 | NS      | $294117.45    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CKK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    750000 | PA      | $754445.40    | 0.43%             | 2026-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2600000 | PA      | $2629250.00   | 1.49%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Cardinal Health Inc                                                      | Cardinal Health Inc                                                             | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |       180 | NS      | $28252.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                                            | Citigroup Inc                                                                   | CUSIP: 172967PU9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    160000 | PA      | $167690.68    | 0.10%             | 2036-01-24      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Sun Communities Inc                                                      | Sun Communities Inc                                                             | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               |  | US        |       339 | NS      | $43731.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                    | Truist Financial Corp                                                           | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20326.15     | 0.01%             | 2034-01-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Keysight Technologies Inc                                                | Keysight Technologies Inc                                                       | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      2302 | NS      | $402665.84    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN ENER PART                                                  | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550BH8<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |     65000 | PA      | $69699.35     | 0.04%             | 2041-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Clearway Energy Inc                                                      | Clearway Energy Inc                                                             | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |      8804 | NS      | $248713.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Criteo SA                                                                | Criteo SA                                                                       | CUSIP: 226718104<br>LEI: 969500EELFB4RDMFHA76 | Long             | EC               | CORP              | FR        |      7200 | NS      | $162720.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                                               | Twilio Inc                                                                      | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |      1585 | NS      | $158642.65    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CET4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3800000 | PA      | $3736761.54   | 2.12%             | 2027-05-31      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Inc                                                        | Kinder Morgan Inc                                                               | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     10185 | NS      | $288337.35    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MASS MUTUAL LIFE INS CO                                                  | Massachusetts Mutual Life Insurance Co                                          | CUSIP: 575767AL2<br>LEI: R6ZXK5P01NP6HXSY1S07 | Long             | DBT              | CORP              | US        |    100000 | PA      | $85109.96     | 0.05%             | 2077-04-01      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| Deere & Co                                                               | Deere & Co                                                                      | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       189 | NS      | $86422.14     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                                                       | Walt Disney Co/The                                                              | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      4617 | NS      | $528646.50    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH INC                                                      | Elevance Health Inc                                                             | CUSIP: 28622HAB7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100355.14    | 0.06%             | 2033-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Emera US Finance LP                                                      | Emera US Finance LP                                                             | CUSIP: 29103DAJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $74571.92     | 0.04%             | 2026-06-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                      | American Tower Corp                                                             | CUSIP: 03027XBD1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     90000 | PA      | $60452.95     | 0.03%             | 2050-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                      | American Tower Corp                                                             | CUSIP: 03027XBM1<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     50000 | PA      | $45644.67     | 0.03%             | 2031-04-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc                                                           | salesforce.com Inc                                                              | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      2209 | NS      | $523533.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandisk Corp/DE                                                          | Sandisk Corp/DE                                                                 | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       787 | NS      | $88301.40     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                                                               | MasTec Inc                                                                      | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |       275 | NS      | $58522.75     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                                                  | Nexstar Media Group Inc                                                         | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |        42 | NS      | $8305.08      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                                                    | Norfolk Southern Corp                                                           | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      1084 | NS      | $325644.44    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                                                                | ONEOK Inc                                                                       | CUSIP: 682680AT0<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21772.31     | 0.01%             | 2047-07-13      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                   | Sempra Energy                                                                   | CUSIP: 816851BP3<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    155000 | PA      | $151959.61    | 0.09%             | 2029-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Silvaco Group Inc                                                        | Silvaco Group Inc                                                               | CUSIP: 82728C102<br>LEI: 89450009UUSWTJL6DP68 | Long             | EC               | CORP              | US        |    100000 | NS      | $541000.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                                                | Apple Inc                                                                       | CUSIP: 037833DZ0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |     65000 | PA      | $39558.00     | 0.02%             | 2050-08-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                | Apple Inc                                                                       | CUSIP: 037833EE6<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    215000 | PA      | $154658.48    | 0.09%             | 2041-02-08      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Simulations Plus Inc                                                     | Simulations Plus Inc                                                            | CUSIP: 829214105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $150700.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| J M Smucker Co/The                                                       | J M Smucker Co/The                                                              | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |      3178 | NS      | $345130.80    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Arteris Inc                                                              | Arteris Inc                                                                     | CUSIP: 04302A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13000 | NS      | $131300.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                                                      | Avery Dennison Corp                                                             | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |       229 | NS      | $37136.93     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1006306.00   | 0.57%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CPB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1600000 | PA      | $1596624.96   | 0.91%             | 2027-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Southwest Airlines Co                                                    | Southwest Airlines Co                                                           | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |       182 | NS      | $5807.62      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Structure Therapeutics Inc                                               | Structure Therapeutics Inc                                                      | CUSIP: 86366E106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      2500 | NS      | $70000.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                                                             | Oshkosh Corp                                                                    | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |      1470 | NS      | $190659.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| OVINTIV INC                                                              | Ovintiv Inc                                                                     | CUSIP: 69047QAD4<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |     45000 | PA      | $48643.29     | 0.03%             | 2053-07-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| TRAVELERS COS INC                                                        | Travelers Cos Inc/The                                                           | CUSIP: 89417EAS8<br>LEI: 549300Y650407RU8B149 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60117.50     | 0.03%             | 2053-05-25      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Bonds                                                             | CUSIP: 912810RJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      1000 | PA      | $782.05       | 0.00%             | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                                       | Meta Platforms Inc                                                              | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       563 | NS      | $413455.94    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                                                       | HCA Healthcare Inc                                                              | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      1137 | NS      | $484589.40    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Avis Budget Group Inc                                                    | Avis Budget Group Inc                                                           | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Long             | EC               | CORP              | US        |       123 | NS      | $19750.73     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                                                     | BWX Technologies Inc                                                            | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |       324 | NS      | $59735.88     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                                                           | Home Depot Inc/The                                                              | CUSIP: 437076BY7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53067.47     | 0.03%             | 2029-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc                                              | Honeywell International Inc                                                     | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |      2644 | NS      | $556562.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                                               | Verizon Communications Inc                                                      | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      7212 | NS      | $316967.40    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| VMWARE LLC                                                               | VMware Inc                                                                      | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |     35000 | PA      | $30882.03     | 0.02%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CFB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4150000 | PA      | $4084744.57   | 2.32%             | 2027-07-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CLB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1145000 | PA      | $1150634.66   | 0.65%             | 2026-07-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Owens Corning                                                            | Owens Corning                                                                   | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      1195 | NS      | $169044.70    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The                                     | PNC Financial Services Group Inc/The                                            | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |        57 | NS      | $11453.01     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc                                           | JB Hunt Transport Services Inc                                                  | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |      1916 | NS      | $257069.72    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                                      | JPMorgan Chase & Co                                                             | CUSIP: 46647PAM8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296081.09    | 0.17%             | 2029-01-23      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| Paycom Software Inc                                                      | Paycom Software Inc                                                             | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |        45 | NS      | $9366.30      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                                                      | PayPal Holdings Inc                                                             | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |       332 | NS      | $22263.92     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                                     | Bank of America Corp                                                            | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     15895 | NS      | $820023.05    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | Bank of America Corp                                                            | CUSIP: 06051GKA6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    135000 | PA      | $119788.69    | 0.07%             | 2032-07-21      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | Bank of America Corp                                                            | CUSIP: 06051GMA4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    140000 | PA      | $146275.25    | 0.08%             | 2035-01-23      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| BorgWarner Inc                                                           | BorgWarner Inc                                                                  | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |       376 | NS      | $16528.96     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                                              | PepsiCo Inc                                                                     | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      1187 | NS      | $166702.28    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PRINCIPAL FINANCIAL GRP                                                  | Principal Financial Group Inc                                                   | CUSIP: 74251VAS1<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90622.63     | 0.05%             | 2030-06-15      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                                                  | Bristol-Myers Squibb Co                                                         | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     11373 | NS      | $512922.30    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc                                       | Broadridge Financial Solutions Inc                                              | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |       712 | NS      | $169577.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                                             | Xylem Inc/NY                                                                    | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |       819 | NS      | $120802.50    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                                                        | YETI Holdings Inc                                                               | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |      2325 | NS      | $77143.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Inflation-Indexed Bonds                                           | CUSIP: 912810RR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     13633 | PA      | $10491.93     | 0.01%             | 2046-02-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Bonds                                                             | CUSIP: 912810SC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1100000 | PA      | $847856.68    | 0.48%             | 2048-05-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Prudential Financial Inc                                                 | Prudential Financial Inc                                                        | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      1626 | NS      | $168681.24    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PUGET ENERGY INC                                                         | Puget Energy Inc                                                                | CUSIP: 745310AM4<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118761.62    | 0.07%             | 2028-06-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                             | Broadcom Inc                                                                    | CUSIP: 11135FCX7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64681.44     | 0.04%             | 2038-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Cboe Global Markets Inc                                                  | Cboe Global Markets Inc                                                         | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |        56 | NS      | $13734.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                                                    | Keysight Technologies Inc                                                       | CUSIP: 49338LAH6<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51991.95     | 0.03%             | 2030-07-30      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corp                                                      | Kimberly-Clark Corp                                                             | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      1803 | NS      | $224185.02    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                                                          | CVS Health Corp                                                                 | CUSIP: 126650DU1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61406.91     | 0.03%             | 2033-02-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                                                  | Canadian Natural Resources Ltd                                                  | CUSIP: 136385BB6<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $35795.08     | 0.02%             | 2029-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                                                   | US 10YR NOTE (CBT)DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -315 | NC      | $-107366.28   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                                                | Linde PLC                                                                       | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      1378 | NS      | $654550.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Bonds                                                             | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    900000 | PA      | $673402.05    | 0.38%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Bonds                                                             | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    370000 | PA      | $361789.29    | 0.21%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 9128283F5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     50000 | PA      | $48606.67     | 0.03%             | 2027-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CGT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $250047.85    | 0.14%             | 2028-03-31      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| KinderCare Learning Cos Inc                                              | KinderCare Learning Cos Inc                                                     | CUSIP: 49456W105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $66400.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KROGER CO                                                                | Kroger Co/The                                                                   | CUSIP: 501044DV0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90812.06     | 0.05%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Legend Biotech Corp                                                      | Legend Biotech Corp                                                             | CUSIP: 52490G102<br>LEI: 254900EIUFZTW136H859 | Long             | EC               | CORP              | KY        |      5500 | NS      | $179355.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORP                                                     | Lockheed Martin Corp                                                            | CUSIP: 539830CA5<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100978.38    | 0.06%             | 2034-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CMS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1006286.30   | 0.57%             | 2028-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CNF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    600000 | PA      | $607634.82    | 0.34%             | 2032-05-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CHUBB INA HOLDINGS LLC                                                   | Chubb INA Holdings Inc                                                          | CUSIP: 171239AG1<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |    100000 | PA      | $87716.60     | 0.05%             | 2030-09-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                                        | Cisco Systems Inc                                                               | CUSIP: 17275RBX9<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76985.10     | 0.04%             | 2030-02-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                     | M&T Bank Corp                                                                   | CUSIP: 55261FAR5<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95271.77     | 0.05%             | 2034-01-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                                                              | MetLife Inc                                                                     | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      5197 | NS      | $428076.89    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                                            | Citigroup Inc                                                                   | CUSIP: 172967LP4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89222.49     | 0.05%             | 2028-07-24      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| Coinbase Global Inc                                                      | Coinbase Global Inc                                                             | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |       339 | NS      | $114409.11    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CHQ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $303936.39    | 0.17%             | 2028-07-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CMA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    760000 | PA      | $772232.43    | 0.44%             | 2029-11-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Veeva Systems Inc                                                        | Veeva Systems Inc                                                               | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |       272 | NS      | $81031.52     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                                    | Wells Fargo & Co                                                                | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122819.07    | 0.07%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Comcast Corp                                                             | Comcast Corp                                                                    | CUSIP: 20030NBY6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    275000 | PA      | $272725.72    | 0.15%             | 2027-02-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips                                                           | ConocoPhillips                                                                  | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      4304 | NS      | $407115.36    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CMR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1013592.50   | 0.57%             | 2032-02-29      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CNN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $704246.55    | 0.40%             | 2030-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| QUALCOMM Inc                                                             | QUALCOMM Inc                                                                    | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       945 | NS      | $157210.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc                                                         | Ryder System Inc                                                                | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |      1904 | NS      | $359170.56    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                           | Morgan Stanley                                                                  | CUSIP: 6174468X0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     55000 | PA      | $48015.67     | 0.03%             | 2032-04-28      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                                                             | NiSource Inc                                                                    | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10266.11     | 0.01%             | 2028-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Unity Software Inc                                                       | Unity Software Inc                                                              | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |       493 | NS      | $19739.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                   | Verizon Communications Inc                                                      | CUSIP: 92343VGK4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     80000 | PA      | $63244.55     | 0.04%             | 2041-03-22      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics Inc                                                     | Verisk Analytics Inc                                                            | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |       507 | NS      | $127515.57    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                                              | Walmart Inc                                                                     | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      9089 | NS      | $936712.34    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                                           | S&P Global Inc                                                                  | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       811 | NS      | $394721.81    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Savers Value Village Inc                                                 | Savers Value Village Inc                                                        | CUSIP: 80517M109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9600 | NS      | $127200.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICAL                                                 | Regeneron Pharmaceuticals Inc                                                   | CUSIP: 75886FAF4<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | DBT              | CORP              | US        |     71000 | PA      | $44188.22     | 0.03%             | 2050-09-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Sun Country Airlines Holdings Inc                                        | Sun Country Airlines Holdings Inc                                               | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |      6000 | NS      | $70860.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                 | Constellation Brands Inc                                                        | CUSIP: 21036PBG2<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |     50000 | PA      | $36830.28     | 0.02%             | 2050-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DT Midstream Inc                                                         | DT Midstream Inc                                                                | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2760 | NS      | $312045.60    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS COMPANIES INC                                                   | Williams Cos Inc/The                                                            | CUSIP: 969457CN8<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75329.88     | 0.04%             | 2054-11-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Zimmer Biomet Holdings Inc                                               | Zimmer Biomet Holdings Inc                                                      | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |        52 | NS      | $5122.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                                                   | SPDR S+P 500 ETF TRUST                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               |  | US        |       400 | NC      | $32600.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirsa Enterprises SA                                                     | Cirsa Enterprises SA                                                            | CUSIP: 000000000<br>LEI: 254900PU87HSLE4V5K18 | Long             | EC               | CORP              | ES        |      9600 | NS      | $174897.62    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                                             | Danaher Corp                                                                    | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      1683 | NS      | $333671.58    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| WALT DISNEY COMPANY/THE                                                  | Walt Disney Co/The                                                              | CUSIP: 254687FZ4<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |     90000 | PA      | $68136.69     | 0.04%             | 2051-01-13      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Schrodinger Inc/United States                                            | Schrodinger Inc/United States                                                   | CUSIP: 80810D103<br>LEI: 984500044BAE4791E559 | Long             | EC               | CORP              | US        |      3000 | NS      | $60180.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc                                                   | Sirius XM Holdings Inc                                                          | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1012 | NS      | $23554.30     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                                         | Wells Fargo & Co                                                                | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      4526 | NS      | $379369.32    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER OP LLC                                                         | Welltower Inc                                                                   | CUSIP: 95040QAC8<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    100000 | PA      | $100011.01    | 0.06%             | 2026-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Block Inc                                                                | Block Inc                                                                       | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |       739 | NS      | $53407.53     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                                                    | Texas Instruments Inc                                                           | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |       998 | NS      | $183362.54    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                                                   | Tyler Technologies Inc                                                          | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |       137 | NS      | $71672.92     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Bonds                                                             | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | PA      | $1179194.52   | 0.67%             | 2055-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                              | S+P500 EMINI FUT DEC25                                                          | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       140 | NC      | $539793.70    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                                                   | SPDR S+P 500 ETF TRUST                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               |  | US        |       600 | NC      | $16500.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                                                          | Dollar Tree Inc                                                                 | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |      2616 | NS      | $246871.92    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                                                         | Duke Energy Corp                                                                | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      4346 | NS      | $537817.50    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                                                            | TopBuild Corp                                                                   | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |        57 | NS      | $22279.02     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSCANADA PIPELINES                                                    | TransCanada PipeLines Ltd                                                       | CUSIP: 89352HAZ2<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |     65000 | PA      | $60429.42     | 0.03%             | 2049-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                    | Truist Financial Corp                                                           | CUSIP: 89788MAP7<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42394.16     | 0.02%             | 2034-06-08      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                    | Mexico Government International Bond                                            | CUSIP: 91087BAE0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $197750.00    | 0.11%             | 2028-01-11      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Liberty Global Ltd                                                       | Liberty Global Ltd                                                              | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | BM        |      5754 | NS      | $65940.84     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                                               | RenaissanceRe Holdings Ltd                                                      | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      1415 | NS      | $359310.95    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                                                       | United Rentals Inc                                                              | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       172 | NS      | $164201.52    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Bonds                                                             | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    660000 | PA      | $488755.54    | 0.28%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Bonds                                                             | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    475000 | PA      | $438311.00    | 0.25%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CDQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    675000 | PA      | $654880.95    | 0.37%             | 2026-12-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CKD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    600000 | PA      | $611400.90    | 0.35%             | 2029-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CLU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1800000 | PA      | $1826474.04   | 1.04%             | 2031-10-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $259636.32    | 0.15%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics Inc                                                     | VERISK ANALYTICS INC SR UNSECURED 03/29 4.125                                   | CUSIP: 92345YAF3<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109787.23    | 0.06%             | 2029-03-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                         | Duke Energy Corp                                                                | CUSIP: 26441CAS4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    125000 | PA      | $123517.30    | 0.07%             | 2026-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                         | Duke Energy Corp                                                                | CUSIP: 26441CAT2<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    125000 | PA      | $95930.21     | 0.05%             | 2046-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| James Hardie Industries PLC                                              | James Hardie Industries PLC                                                     | CUSIP: 000000000<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |      1287 | NS      | $24723.27     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                                            | Medtronic PLC                                                                   | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      2103 | NS      | $200289.72    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3400000 | PA      | $3533684.94   | 2.00%             | 2035-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CMT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4600000 | PA      | $4661353.42   | 2.64%             | 2032-03-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                                               | VMware Inc                                                                      | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39120.30     | 0.02%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                    | Wells Fargo & Co                                                                | CUSIP: 95000U3H4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    100000 | PA      | $111144.55    | 0.06%             | 2034-10-23      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                   | UnitedHealth Group Inc                                                          | CUSIP: 91324PEE8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    150000 | PA      | $114170.71    | 0.06%             | 2041-05-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| VERISIGN INC                                                             | VeriSign Inc                                                                    | CUSIP: 92343EAM4<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | DBT              | CORP              | US        |    100000 | PA      | $90172.35     | 0.05%             | 2031-06-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Dynavax Technologies Corp                                                | Dynavax Technologies Corp                                                       | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |      4000 | NS      | $39720.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                                                      | Electronic Arts Inc                                                             | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      1992 | NS      | $401786.40    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                                                      | Emerson Electric Co                                                             | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      2087 | NS      | $273772.66    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ENEL FINANCE INTL NV                                                     | Enel Finance International NV                                                   | CUSIP: 29268BAF8<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $104887.85    | 0.06%             | 2039-10-07      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Vodafone Group PLC                                                       | Vodafone Group PLC                                                              | CUSIP: 92857WBM1<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |     95000 | PA      | $89852.09     | 0.05%             | 2048-05-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                         | Welltower OP LLC                                                                | CUSIP: 95041AAG3<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |     50000 | PA      | $50947.68     | 0.03%             | 2035-07-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp                                                     | Western Digital Corp                                                            | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |       807 | NS      | $96888.42     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp                                                  | Zebra Technologies Corp                                                         | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |      1015 | NS      | $301617.40    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB CORP                                                                 | FNB Corp/PA                                                                     | CUSIP: 302520AD3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66024.87     | 0.04%             | 2030-12-11      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                      | Fifth Third Bancorp                                                             | CUSIP: 316773DJ6<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104307.15    | 0.06%             | 2028-10-27      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| Western Union Co/The                                                     | Western Union Co/The                                                            | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     38656 | NS      | $308861.44    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sophia Genetics SA                                                       | Sophia Genetics SA                                                              | CUSIP: 000000000<br>LEI: 506700H1GPU9GGM8W895 | Long             | EC               | CORP              | CH        |    115000 | NS      | $547400.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank NA                                                   | SPDR S+P 500 ETF TRUST                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               |  | US        |       200 | NC      | $29000.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FLOWERS FOODS INC                                                        | Flowers Foods Inc                                                               | CUSIP: 343498AC5<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |     25000 | PA      | $22199.53     | 0.01%             | 2031-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc                                                     | Freeport-McMoRan Inc                                                            | CUSIP: 35671DBJ3<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61529.38     | 0.03%             | 2034-11-14      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Innoscripta SE                                                           | Innoscripta SE                                                                  | CUSIP: 000000000<br>LEI: 894500BA6B025ZEF0T83 | Long             | EC               | CORP              | DE        |      8000 | NS      | $1105099.77   | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| TechnipFMC PLC                                                           | TechnipFMC PLC                                                                  | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      1618 | NS      | $63830.10     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                                            | Accenture PLC                                                                   | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |       891 | NS      | $219720.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Astroscale Holdings Inc                                                  | Astroscale Holdings Inc                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     25000 | NS      | $112603.07    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Timee Inc                                                                | Timee Inc                                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     12000 | NS      | $119745.25    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CNH Industrial NV                                                        | CNH Industrial NV                                                               | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |     32894 | NS      | $356899.90    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GLENCORE FUNDING LLC                                                     | Glencore Funding LLC                                                            | CUSIP: 378272BD9<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59097.10     | 0.03%             | 2026-04-27      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| Global Payments Inc                                                      | Global Payments Inc                                                             | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |      4496 | NS      | $373527.68    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| HP ENTERPRISE CO                                                         | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CCA5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24856.33     | 0.01%             | 2030-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Ingersoll Rand Inc                                                       | Ingersoll Rand Inc                                                              | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |       149 | NS      | $12310.38     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Infinity Natural Resources Inc                                           | Infinity Natural Resources Inc                                                  | CUSIP: 456941103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9600 | NS      | $125856.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp                                     | International Business Machines Corp                                            | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1953 | NS      | $551058.48    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                                                       | IQVIA Holdings Inc                                                              | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |       228 | NS      | $43306.32     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERGY METRO                                                             | Kansas City Power & Light Co                                                    | CUSIP: 485134BR0<br>LEI: 1128SIJQ26096WL7IO82 | Long             | DBT              | CORP              | US        |    190000 | PA      | $157350.66    | 0.09%             | 2048-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                                      | Kimco Realty OP LLC                                                             | CUSIP: 49447BAA1<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |     90000 | PA      | $99680.32     | 0.06%             | 2034-03-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                                                     | Kraft Heinz Foods Co                                                            | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     50000 | PA      | $41640.60     | 0.02%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Kyverna Therapeutics Inc                                                 | Kyverna Therapeutics Inc                                                        | CUSIP: 501976104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $48000.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                                                 | Lamb Weston Holdings Inc                                                        | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |       468 | NS      | $27181.44     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                                                  | Lululemon Athletica Inc                                                         | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |       122 | NS      | $21707.46     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                                                 | Lyft Inc                                                                        | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |      2724 | NS      | $59955.24     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp                                                     | MGIC Investment Corp                                                            | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |      4723 | NS      | $133991.51    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                                                        | MP Materials Corp                                                               | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |       582 | NS      | $39034.74     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                                                               | Macy's Inc                                                                      | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |       104 | NS      | $1864.72      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MARS INC                                                                 | Mars Inc                                                                        | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45615.00     | 0.03%             | 2055-05-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| American Express Co                                                      | American Express Co                                                             | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       462 | NS      | $153457.92    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                                                | Amgen Inc                                                                       | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    104000 | PA      | $107759.50    | 0.06%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Analog Devices Inc                                                       | Analog Devices Inc                                                              | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      1119 | NS      | $274938.30    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                                                   | Marvell Technology Inc                                                          | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3810 | NS      | $320306.70    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                                                          | McDonald's Corp                                                                 | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1021 | NS      | $310271.69    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                                                 | CSX CORP                                                                        | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |      2686 | NS      | $95379.86     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                                                          | CVS Health Corp                                                                 | CUSIP: 126650DL1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     85000 | PA      | $66552.14     | 0.04%             | 2050-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CARRIER GLOBAL CORP                                                      | Carrier Global Corp                                                             | CUSIP: 14448CBC7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26840.71     | 0.02%             | 2034-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Colgate-Palmolive Co                                                     | Colgate-Palmolive Co                                                            | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      2744 | NS      | $219355.36    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                                                 | Crane Co                                                                        | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |       967 | NS      | $178063.38    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                                                            | DR HORTON INC                                                                   | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |       298 | NS      | $50502.06     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                                           | Merck & Co Inc                                                                  | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      2198 | NS      | $184478.14    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                                                    | Micron Technology Inc                                                           | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      3277 | NS      | $548307.64    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                                              | Equinix Inc                                                                     | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |        48 | NS      | $37595.52     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                                  | Honeywell International Inc                                                     | CUSIP: 438516CM6<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59473.47     | 0.03%             | 2034-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MID-AMERICA APARTMENTS                                                   | Mid-America Apartments LP                                                       | CUSIP: 59523UAW7<br>LEI: 549300FXWGE3QSYCUJ38 | Long             | DBT              |  | US        |     70000 | PA      | $72905.32     | 0.04%             | 2032-02-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE MUTUAL INSURA                                                 | Nationwide Mutual Insurance Co                                                  | CUSIP: 638671AK3<br>LEI: Z7LVXXWM8HZPKF5T2355 | Long             | DBT              | CORP              | US        |    200000 | PA      | $271434.52    | 0.15%             | 2039-08-15      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Johnson & Johnson                                                        | Johnson & Johnson                                                               | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      7091 | NS      | $1314813.22   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc                                                            | Maplebear Inc                                                                   | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       925 | NS      | $34003.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc                                                     | Align Technology Inc                                                            | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |       380 | NS      | $47583.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Oportun Financial Corp                                                   | Oportun Financial Corp                                                          | CUSIP: 68376D104<br>LEI: 549300351Y4J4FKIOR78 | Long             | EC               | CORP              | US        |     10000 | NS      | $61700.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                   | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BE4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134036.87    | 0.08%             | 2033-06-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                           | Amazon.com Inc                                                                  | CUSIP: 023135BT2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    115000 | PA      | $71107.84     | 0.04%             | 2050-06-03      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                  | HCA Inc                                                                         | CUSIP: 404119CB3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     80000 | PA      | $54769.66     | 0.03%             | 2051-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                                                     | National Fuel Gas Co                                                            | CUSIP: 636180BR1<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36523.69     | 0.02%             | 2031-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                                                    | Northrop Grumman Corp                                                           | CUSIP: 666807CH3<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105776.29    | 0.06%             | 2033-03-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                              | Oracle Corp                                                                     | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104749.72    | 0.06%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CCB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $178054.22    | 0.10%             | 2031-05-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                   | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CC7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     80000 | PA      | $83502.48     | 0.05%             | 2036-01-29      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| PTC Inc                                                                  | PTC Inc                                                                         | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |       985 | NS      | $199974.70    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                   | Verizon Communications Inc                                                      | CUSIP: 92343VDC5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    150000 | PA      | $122525.35    | 0.07%             | 2046-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WEX Inc                                                                  | WEX Inc                                                                         | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      1995 | NS      | $314272.35    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PEPSICO INC                                                              | PepsiCo Inc                                                                     | CUSIP: 713448FG8<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     70000 | PA      | $44846.28     | 0.03%             | 2051-10-21      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Pfizer Inc                                                               | Pfizer Inc                                                                      | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      4328 | NS      | $110277.44    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                   | US 2YR NOTE (CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       167 | NC      | $13228.42     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SimilarWeb Ltd                                                           | SimilarWeb Ltd                                                                  | CUSIP: 000000000<br>LEI: 254900GWO7PNBAYCPJ12 | Long             | EC               | CORP              | IL        |     17000 | NS      | $158100.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                   | Philip Morris International Inc                                                 | CUSIP: 718172CX5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26653.30     | 0.02%             | 2032-11-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                                                 | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $54813.33     | 0.03%             | 2042-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ON Semiconductor Corp                                                    | ON Semiconductor Corp                                                           | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |      2519 | NS      | $124211.89    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCO GROUP SA                                                          | QUALCO GROUP SA                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GR        |     19000 | NS      | $122687.55    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Procter & Gamble Co/The                                                  | Procter & Gamble Co/The                                                         | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      4570 | NS      | $702180.50    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                                                         | Pure Storage Inc                                                                | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |       438 | NS      | $36708.78     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                                                    | RPM International Inc                                                           | CUSIP: 749685AX1<br>LEI: 549300TJCKW4BRXPJ474 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85638.26     | 0.05%             | 2029-03-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| RTX Corp                                                                 | Raytheon Technologies Corp                                                      | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      3134 | NS      | $524412.22    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                                                    | Republic Services Inc                                                           | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      1190 | NS      | $273081.20    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC SERVICES INC                                                    | Republic Services Inc                                                           | CUSIP: 760759BB5<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41018.06     | 0.02%             | 2029-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Rivian Automotive Inc                                                    | Rivian Automotive Inc                                                           | CUSIP: 76954A103<br>LEI: 25490004LNKJ84MFYY24 | Long             | EC               | CORP              | US        |     10144 | NS      | $148913.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                                                  | Rockwell Automation Inc                                                         | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      1094 | NS      | $382385.82    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubrik Inc                                                               | Rubrik Inc                                                                      | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |      1275 | NS      | $104868.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| RYDER SYSTEM INC                                                         | Ryder System Inc                                                                | CUSIP: 78355HKT5<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |     75000 | PA      | $73709.23     | 0.04%             | 2027-03-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Synovus Financial Corp                                                   | Synovus Financial Corp                                                          | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |      1439 | NS      | $70626.12     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                                                         | T-Mobile USA Inc                                                                | CUSIP: 87264ACV5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67090.53     | 0.04%             | 2033-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Tapestry Inc                                                             | Tapestry Inc                                                                    | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |      1567 | NS      | $177415.74    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                                                | Teledyne Technologies Inc                                                       | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |        19 | NS      | $11134.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIMBLE INC                                                              | Trimble Inc                                                                     | CUSIP: 896239AE0<br>LEI: 549300E2MI7NSZFQWS19 | Long             | DBT              | CORP              | US        |     50000 | PA      | $53773.93     | 0.03%             | 2033-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                                                          | Tyson Foods Inc                                                                 | CUSIP: 902494BM4<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    125000 | PA      | $131780.05    | 0.07%             | 2034-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| UDR Inc                                                                  | UDR Inc                                                                         | CUSIP: 90265EAN0<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    100000 | PA      | $98557.62     | 0.06%             | 2028-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UGI Corp                                                                 | UGI Corp                                                                        | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     10758 | NS      | $357811.08    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                                               | US Bancorp                                                                      | CUSIP: 91159HJG6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150629.82    | 0.09%             | 2033-07-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Bonds                                                             | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    760000 | PA      | $407390.48    | 0.23%             | 2050-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CAV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $173398.20    | 0.10%             | 2030-11-15      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CCP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    330000 | PA      | $321563.22    | 0.18%             | 2026-07-31      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CFZ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    150000 | PA      | $150787.88    | 0.09%             | 2027-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CLC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    835000 | PA      | $844212.47    | 0.48%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CLD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    225000 | PA      | $228434.24    | 0.13%             | 2031-07-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    340000 | PA      | $334806.50    | 0.19%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CME8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1006487.50   | 0.57%             | 2026-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                                   | UnitedHealth Group Inc                                                          | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2550 | NS      | $880515.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                                               | Unum Group                                                                      | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |      2973 | NS      | $231239.94    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                                                               | Ventas Inc                                                                      | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               |  | US        |      4532 | NS      | $317194.68    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                                                             | VeriSign Inc                                                                    | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |       847 | NS      | $236795.79    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTIONS INC                                                    | Waste Connections Inc                                                           | CUSIP: 94106BAF8<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |     40000 | PA      | $39263.74     | 0.02%             | 2033-01-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                    | Wells Fargo & Co                                                                | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198232.43    | 0.11%             | 2028-05-22      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                         | Welltower Inc                                                                   | CUSIP: 95040QAM6<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |     75000 | PA      | $69022.77     | 0.04%             | 2031-06-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                                                     | Williams Cos Inc/The                                                            | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      7161 | NS      | $453649.35    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| XYLEM INC                                                                | Xylem Inc/NY                                                                    | CUSIP: 98419MAL4<br>LEI: 549300DF5MV96DRYLQ48 | Long             | DBT              | CORP              | US        |     35000 | PA      | $31459.06     | 0.02%             | 2031-01-30      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                   | US 10YR ULTRA FUT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        15 | NC      | $3700.64      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                   | US ULTRA BOND CBT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -21 | NC      | $-70275.68    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                                   | US 5YR NOTE (CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        59 | NC      | $5046.86      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                                                   | Arch Capital Group Ltd                                                          | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |      3736 | NS      | $338967.28    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| HBX Group International PLC                                              | HBX Group International PLC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     25000 | NS      | $211996.02    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Eaton Corp PLC                                                           | Eaton Corp PLC                                                                  | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |       429 | NS      | $160553.25    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                                               | STERIS PLC                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |        59 | NS      | $14598.96     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                                              | Pentair PLC                                                                     | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |      3453 | NS      | $382454.28    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| QIAGEN NV                                                                | QIAGEN NV                                                                       | CUSIP: 000000000<br>LEI: 54930036WK3GMCN17Z57 | Long             | EC               | CORP              | NL        |      2560 | NS      | $114380.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                                     | Bank of America Corp                                                            | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    325000 | PA      | $320097.32    | 0.18%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Boyd Gaming Corp                                                         | Boyd Gaming Corp                                                                | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |       793 | NS      | $68554.85     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                                                           | CBRE Group Inc                                                                  | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      1703 | NS      | $268324.68    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                                                 | Canadian Pacific Railway Co                                                     | CUSIP: 13648TAG2<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    135000 | PA      | $99139.61     | 0.06%             | 2050-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Charles River Laboratories International Inc                             | Charles River Laboratories International Inc                                    | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |       256 | NS      | $40053.76     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Coty Inc                                                                 | Coty Inc                                                                        | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Long             | EC               | CORP              | US        |      1458 | NS      | $5890.32      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP                                                             | Danaher Corp                                                                    | CUSIP: 235851AV4<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | DBT              | CORP              | US        |    115000 | PA      | $71915.67     | 0.04%             | 2050-10-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp                                                        | Lam Research Corp                                                               | CUSIP: 512807AU2<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99952.95     | 0.06%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Strategy Inc                                                             | MicroStrategy Inc                                                               | CUSIP: 594972408<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EC               | CORP              | US        |       105 | NS      | $33832.05     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                                                     | National Fuel Gas Co                                                            | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      3987 | NS      | $368279.19    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHERN TRUST CORP                                                      | Northern Trust Corp                                                             | CUSIP: 665859AX2<br>LEI: 549300GLF98S992BC502 | Long             | DBT              | CORP              | US        |     80000 | PA      | $87500.72     | 0.05%             | 2032-11-02      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Old Republic International Corp                                          | Old Republic International Corp                                                 | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |       255 | NS      | $10829.85     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Regency Centers Corp                                                     | Regency Centers Corp                                                            | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |      3937 | NS      | $287007.30    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp                                                   | Regions Financial Corp                                                          | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |      2142 | NS      | $56484.54     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PACIFIC CORP                                                       | Union Pacific Corp                                                              | CUSIP: 907818FH6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    125000 | PA      | $116519.90    | 0.07%             | 2030-02-05      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 912828Z78<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $388663.92    | 0.22%             | 2027-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CFH9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    110000 | PA      | $108975.45    | 0.06%             | 2027-08-31      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    225000 | PA      | $226390.32    | 0.13%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                                   | SPDR S+P 500 ETF TRUST                                                          | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               |  | US        |       400 | NC      | $19400.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Federated Hermes Insurance Series

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Insurance Series

**Title:** Chief Compliance Officer