# EDGAR Filing Document

**Accession Number:** 0000351601
**File Stem:** 0001410368-25-011888
**Filing Date:** 2025-9
**Character Count:** 120065
**Document Hash:** a71dec55d3121ac144066df5e9696606
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-011888.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001410368-25-011888

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RUSSELL INVESTMENT CO
- **CENTRAL INDEX KEY:** 0000351601

**ORGANIZATION NAME:**
- **EIN:** 911151059
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03153
- **FILM NUMBER:** 251346529

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 SECOND AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98101
- **BUSINESS PHONE:** 800-787-7354

**MAIL ADDRESS:**
- **STREET 1:** 1301 SECOND AVENUE
- **STREET 2:** 18TH FLOOR
- **CITY:** SEATTLE
- **STATE:** WA
- **ZIP:** 98101

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RUSSELL FRANK INVESTMENT CO
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Long Duration Bond Fund (Series ID: S000058644)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000192624 | Class S      | RMHSX           |
| C000192625 | Class M      | RMHTX           |
| C000192626 | Class Y      | RMHYX           |

## Nport-Ex

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** RUSSELL INVESTMENT CO

- **b. Investment Company Act file number:** 811-03153

- **c. CIK number of Registrant:** 0000351601

- **d. LEI of Registrant:** 549300J63VJ9OS4TCK93

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

  - **Street Address 1:** 1301 SECOND AVENUE

  - **City:** SEATTLE

  - **State:** WA

  - **Foreign country:** US

  - **Zip / Postal Code:** 98101

  - **Telephone number:** 800-787-7354

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

- **a. Name of Series:** Long Duration Bond Fund

- **b. EDGAR series identifier (if any):** S000058644

- **c. LEI of Series:** 549300VRXC77M7KZRU37

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $404064670.95

**Total Liabilities:** $340160.90

**Net Assets:** $403724510.05

**Cash Not Reported:** $542387.40

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -167.43000000 | **1-Year:** -2191.38000000 | **5-Year:** -9215.74000000 | **10-Year:** -61105.65000000 | **30-Year:** -16338.15000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000192625 | -1.79%               | 2.18%                | -0.68%               |
| Class ID C000192626 | -1.91%               | 2.19%                | -0.68%               |
| Class ID C000192624 | -1.80%               | 2.04%                | -0.57%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $596.60                  | $-8296841.44                               |
| Month 2  | $-2108362.78             | $8690141.10                                |
| Month 3  | $-2575.92                | $-3885157.34                               |

**Designated Index Information**

- **Index Name:** ICE BAML 10-15 Year US Treasury Index

- **Index Identifier:** IDX000332

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| FEDERAL HOME LOAN BANK                                                                              | Federal Home Loan Banks                                      | CUSIP: 3130AJWL9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    650000 | PA      | $479950.26    | 0.12%             | 2035-08-03      | Fixed         | 1.63%                 | No            | 2                  | On Loan: No      |
| County of Miami-Dade Seaport Department                                                             | MIAMI-DADE CNTY FL SEAPORT REVENUE                           | CUSIP: 59335KFS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $163601.50    | 0.04%             | 2055-11-01      | Fixed         | 6.22%                 | No            | 2                  | On Loan: No      |
| Port Authority of New York & New Jersey                                                             | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WEK6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    240000 | PA      | $220283.88    | 0.05%             | 2051-10-01      | Fixed         | 4.93%                 | No            | 2                  | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                                      | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136XR7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     90000 | PA      | $98438.57     | 0.02%             | 2040-12-15      | Fixed         | 6.56%                 | No            | 2                  | On Loan: No      |
| Michigan Finance Authority                                                                          | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TXW8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     90000 | PA      | $80385.92     | 0.02%             | 2034-12-01      | Fixed         | 3.08%                 | No            | 2                  | On Loan: No      |
| Michigan Strategic Fund                                                                             | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698SJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $66735.56     | 0.02%             | 2047-09-01      | Fixed         | 3.23%                 | No            | 2                  | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County Convention Center Auth                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN CONVENTION CENTER AUTH | CUSIP: 592125AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $90428.78     | 0.02%             | 2043-07-01      | Fixed         | 6.73%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                              | US 10YR ULTRA FUT SEP25                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       113 | NC      | $89984.51     | 0.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Golden State Tobacco Securitization Corp                                                            | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT  | CUSIP: 38122NB68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $81824.06     | 0.02%             | 2042-06-01      | Fixed         | 3.29%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                                                                                          | Federal National Mortgage Association                        | CUSIP: 31398AFD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |   5201000 | PA      | $5640693.06   | 1.40%             | 2037-07-15      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                    | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH      | CUSIP: 54627RAS9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |     60000 | PA      | $60915.23     | 0.02%             | 2034-12-01      | Fixed         | 5.05%                 | No            | 2                  | On Loan: No      |
| Texas Natural Gas Securitization Finance Corp                                                       | TEXAS NATURAL GAS SECURITIZTN FIN CORP REVENUE               | CUSIP: 88258MAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $482359.82    | 0.12%             | 2041-04-01      | Fixed         | 5.17%                 | No            | 2                  | On Loan: No      |
| Los Angeles Community College District/CA                                                           | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CPA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $215257.12    | 0.05%             | 2049-08-01      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                                            | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014TU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73391.81     | 0.02%             | 2040-06-01      | Fixed         | 5.87%                 | No            | 2                  | On Loan: No      |
| Kansas Development Finance Authority                                                                | KANSAS ST DEV FIN AUTH REVENUE                               | CUSIP: 48542RSV7<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |    105000 | PA      | $71269.33     | 0.02%             | 2051-05-01      | Fixed         | 2.77%                 | No            | 2                  | On Loan: No      |
| California State University                                                                         | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DBY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $77096.87     | 0.02%             | 2047-11-01      | Fixed         | 3.90%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bonds                                          | CUSIP: 912810QE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33413000 | PA      | $33266818.13  | 8.24%             | 2040-02-15      | Fixed         | 4.63%                 | No            | 2                  | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                                            | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133ENQR4<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    485000 | PA      | $376881.33    | 0.09%             | 2039-03-07      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                                           | OHIO ST TURNPIKE COMMISSION                                  | CUSIP: 67760HNB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $92666.28     | 0.02%             | 2048-02-15      | Fixed         | 3.22%                 | No            | 2                  | On Loan: No      |
| State of California                                                                                 | CALIFORNIA ST                                                | CUSIP: 13063DGE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $116366.83    | 0.03%             | 2038-04-01      | Fixed         | 4.60%                 | No            | 2                  | On Loan: No      |
| State of Texas                                                                                      | TEXAS ST                                                     | CUSIP: 882722VN8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |     70000 | PA      | $66690.88     | 0.02%             | 2040-04-01      | Fixed         | 4.68%                 | No            | 2                  | On Loan: No      |
| University of California                                                                            | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HKE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $63031.89     | 0.02%             | 2051-05-15      | Fixed         | 3.07%                 | No            | 2                  | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                     | FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE   | CUSIP: 345105JG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $56225.70     | 0.01%             | 2053-01-15      | Fixed         | 3.92%                 | No            | 2                  | On Loan: No      |
| California Health Facilities Financing Authority                                                    | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UD96<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |     85000 | PA      | $75892.45     | 0.02%             | 2041-06-01      | Fixed         | 4.35%                 | No            | 2                  | On Loan: No      |
| County of Riverside CA                                                                              | RIVERSIDE CNTY CA PENSN OBLG                                 | CUSIP: 76913CBF5<br>LEI: 254900CB5HEOBAVTY629 | Long             | DBT              | MUN               | US        |     90000 | PA      | $82793.51     | 0.02%             | 2038-02-15      | Fixed         | 3.82%                 | No            | 2                  | On Loan: No      |
| Metropolitan Transportation Authority                                                               | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59259YBY4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    115000 | PA      | $122671.63    | 0.03%             | 2039-11-15      | Fixed         | 6.67%                 | No            | 2                  | On Loan: No      |
| New York City Municipal Water Finance Authority                                                     | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972FK88<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |     90000 | PA      | $92370.80     | 0.02%             | 2042-06-15      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bonds                                          | CUSIP: 912810QA9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19280000 | PA      | $17228487.50  | 4.27%             | 2039-02-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| FANNIE MAE                                                                                          | Federal National Mortgage Association                        | CUSIP: 31359MEB5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |   2019000 | PA      | $2302309.82   | 0.57%             | 2038-08-06      | Fixed         | 6.21%                 | No            | 2                  | On Loan: No      |
| Oklahoma Development Finance Authority                                                              | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789084B7<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    135000 | PA      | $126063.56    | 0.03%             | 2052-02-01      | Fixed         | 5.09%                 | No            | 2                  | On Loan: No      |
| University of Nebraska Facilities Corp/The                                                          | UNIV OF NEBRASKA NE FACS CORP                                | CUSIP: 914639KY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $141650.19    | 0.04%             | 2049-10-01      | Fixed         | 3.04%                 | No            | 2                  | On Loan: No      |
| Oklahoma Development Finance Authority                                                              | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789084E1<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |     90000 | PA      | $80878.80     | 0.02%             | 2052-05-01      | Fixed         | 4.71%                 | No            | 2                  | On Loan: No      |
| Idaho Energy Resources Authority                                                                    | IDAHO ENERGY RESOURCES AUTH TRANSMISSION FACS REVENUE        | CUSIP: 451174AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $57032.54     | 0.01%             | 2046-09-01      | Fixed         | 2.86%                 | No            | 2                  | On Loan: No      |
| Oklahoma Development Finance Authority                                                              | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789084G6<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |     85000 | PA      | $80228.29     | 0.02%             | 2044-06-01      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| New York City Municipal Water Finance Authority                                                     | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972FH25<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75769.20     | 0.02%             | 2041-06-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Ohio State University/The                                                                           | OHIO ST UNIV                                                 | CUSIP: 677632MV0<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |    305000 | PA      | $294626.81    | 0.07%             | 2040-06-01      | Fixed         | 4.91%                 | No            | 2                  | On Loan: No      |
| Oklahoma Development Finance Authority                                                              | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789084C5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |     55925 | PA      | $54651.15     | 0.01%             | 2037-05-01      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| JobsOhio Beverage System                                                                            | JOBSOHIO BEVERAGE SYS STWD LIQUOR PROFITS REVENUE            | CUSIP: 47770VBQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $76825.19     | 0.02%             | 2038-01-01      | Fixed         | 2.83%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                              | US ULTRA BOND CBT SEP25                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        41 | NC      | $131807.35    | 0.03%             |  |  |  | No            | 1                  | On Loan: No      |
| New York State Dormitory Authority                                                                  | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GGK2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     90000 | PA      | $77962.35     | 0.02%             | 2048-08-01      | Fixed         | 4.95%                 | No            | 2                  | On Loan: No      |
| Oklahoma Development Finance Authority                                                              | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789084A9<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |     80000 | PA      | $77028.60     | 0.02%             | 2045-02-01      | Fixed         | 4.85%                 | No            | 2                  | On Loan: No      |
| Golden State Tobacco Securitization Corp                                                            | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT  | CUSIP: 38122NZX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $72651.04     | 0.02%             | 2038-06-01      | Fixed         | 3.12%                 | No            | 2                  | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue                               | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366KD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $108239.84    | 0.03%             | 2120-05-15      | Fixed         | 3.71%                 | No            | 2                  | On Loan: No      |
| City of New York NY                                                                                 | NEW YORK NY                                                  | CUSIP: 64966SNJ1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    190000 | PA      | $196279.44    | 0.05%             | 2055-02-01      | Fixed         | 6.39%                 | No            | 2                  | On Loan: No      |
| University of California                                                                            | UNIV OF CALIFORNIA REVENUES                                  | CUSIP: 91412GC86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $275799.84    | 0.07%             | 2115-05-15      | Fixed         | 4.77%                 | No            | 2                  | On Loan: No      |
| Dallas Convention Center Hotel Development Corp                                                     | DALLAS TX CONVENTION CENTER HOTEL DEV CORP HOTEL REVENUE     | CUSIP: 235417AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $233502.80    | 0.06%             | 2042-01-01      | Fixed         | 7.09%                 | No            | 2                  | On Loan: No      |
| City of Riverside CA                                                                                | RIVERSIDE CA PENSN OBLG                                      | CUSIP: 769036BT0<br>LEI: 549300FG48YQF1N4C302 | Long             | DBT              | MUN               | US        |     30000 | PA      | $25302.75     | 0.01%             | 2045-06-01      | Fixed         | 3.86%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                              | US LONG BOND(CBT) SEP25                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -2 | NC      | $-5731.51     | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| State of California                                                                                 | CALIFORNIA ST                                                | CUSIP: 13063D3S5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $74676.10     | 0.02%             | 2038-03-01      | Fixed         | 5.13%                 | No            | 2                  | On Loan: No      |
| City of New York NY                                                                                 | NEW YORK NY                                                  | CUSIP: 64966QL65<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    160000 | PA      | $152328.70    | 0.04%             | 2052-10-01      | Fixed         | 5.26%                 | No            | 2                  | On Loan: No      |
| Municipal Electric Authority of Georgia                                                             | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207YM0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    240000 | PA      | $256857.35    | 0.06%             | 2057-04-01      | Fixed         | 6.66%                 | No            | 2                  | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                                              | Federal Home Loan Banks                                      | CUSIP: 3133XGAY0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   7365000 | PA      | $7929492.56   | 1.96%             | 2036-07-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                                             | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | CUSIP: 882667AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $198766.25    | 0.05%             | 2049-12-31      | Fixed         | 3.92%                 | No            | 2                  | On Loan: No      |
| Sales Tax Securitization Corp                                                                       | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BBN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $59315.97     | 0.01%             | 2048-01-01      | Fixed         | 3.82%                 | No            | 2                  | On Loan: No      |
| Dallas Fort Worth International Airport                                                             | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $36227.86     | 0.01%             | 2051-11-01      | Fixed         | 4.09%                 | No            | 2                  | On Loan: No      |
| Sales Tax Securitization Corp                                                                       | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BAR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $83980.67     | 0.02%             | 2043-01-01      | Fixed         | 3.59%                 | No            | 2                  | On Loan: No      |
| New York City Municipal Water Finance Authority                                                     | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972FL20<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |     60000 | PA      | $62035.46     | 0.02%             | 2042-06-15      | Fixed         | 6.01%                 | No            | 2                  | On Loan: No      |
| Massachusetts School Building Authority                                                             | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000ZW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $78810.46     | 0.02%             | 2043-05-15      | Fixed         | 2.95%                 | No            | 2                  | On Loan: No      |
| University of Michigan                                                                              | UNIV OF MICHIGAN MI                                          | CUSIP: 914455VJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $62478.24     | 0.02%             | 2047-04-01      | Fixed         | 3.60%                 | No            | 2                  | On Loan: No      |
| Dallas Fort Worth International Airport                                                             | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 2350364W7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $122256.26    | 0.03%             | 2038-11-01      | Fixed         | 2.99%                 | No            | 2                  | On Loan: No      |
| Port Authority of New York & New Jersey                                                             | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WJA3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    455000 | PA      | $377472.20    | 0.09%             | 2062-10-01      | Fixed         | 4.46%                 | No            | 2                  | On Loan: No      |
| California State University                                                                         | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DRW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $64922.07     | 0.02%             | 2052-11-01      | Fixed         | 2.72%                 | No            | 2                  | On Loan: No      |
| New Jersey Turnpike Authority                                                                       | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646139W35<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    314000 | PA      | $371683.03    | 0.09%             | 2040-01-01      | Fixed         | 7.41%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                                                                               | Tennessee Valley Authority                                   | CUSIP: 880591EH1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |  10975000 | PA      | $11303922.62  | 2.80%             | 2039-09-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| California State University                                                                         | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DNK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $82123.83     | 0.02%             | 2051-11-01      | Fixed         | 2.90%                 | No            | 2                  | On Loan: No      |
| County of Miami-Dade FL Transit System                                                              | MIAMI-DADE CNTY FL TRANSIT SALES SURTAX REVENUE              | CUSIP: 59334PJT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $71000.40     | 0.02%             | 2042-07-01      | Fixed         | 2.60%                 | No            | 2                  | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                                            | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133ERUX7<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   2902000 | PA      | $2885107.25   | 0.71%             | 2035-09-25      | Fixed         | 5.31%                 | No            | 2                  | On Loan: No      |
| State of Texas                                                                                      | TEXAS ST                                                     | CUSIP: 882722KF7<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    385000 | PA      | $392758.92    | 0.10%             | 2039-04-01      | Fixed         | 5.52%                 | No            | 2                  | On Loan: No      |
| Kansas Development Finance Authority                                                                | KANSAS ST DEV FIN AUTH REVENUE                               | CUSIP: 485429Z72<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |    115000 | PA      | $104623.12    | 0.03%             | 2045-04-15      | Fixed         | 4.93%                 | No            | 2                  | On Loan: No      |
| Port Authority of New York & New Jersey                                                             | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WCX0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    140000 | PA      | $145851.67    | 0.04%             | 2040-11-01      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| County of Broward FL Airport System Revenue                                                         | BROWARD CNTY FL ARPT SYS REVENUE                             | CUSIP: 114894ZW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $81248.37     | 0.02%             | 2043-10-01      | Fixed         | 3.48%                 | No            | 2                  | On Loan: No      |
| State of California                                                                                 | CALIFORNIA ST                                                | CUSIP: 13063BJC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $630834.17    | 0.16%             | 2040-11-01      | Fixed         | 7.60%                 | No            | 2                  | On Loan: No      |
| Golden State Tobacco Securitization Corp                                                            | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT  | CUSIP: 38122ND66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $290876.16    | 0.07%             | 2050-06-01      | Fixed         | 4.21%                 | No            | 2                  | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                                            | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133ERA35<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    700000 | PA      | $693803.45    | 0.17%             | 2039-11-14      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Bay Area Toll Authority                                                                             | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024ND0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    300000 | PA      | $313110.42    | 0.08%             | 2049-04-01      | Fixed         | 6.26%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                                                                               | Tennessee Valley Authority                                   | CUSIP: 880591CK6<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1206000 | PA      | $1323610.93   | 0.33%             | 2036-04-01      | Fixed         | 5.98%                 | No            | 2                  | On Loan: No      |
| Chicago Transit Authority Sales & Transfer Tax Receipts Revenue                                     | CHICAGO IL TRANSIT AUTH SALES & TRANSFER TAX RECPTS REVENUE  | CUSIP: 167725AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    122012 | PA      | $134107.91    | 0.03%             | 2040-12-01      | Fixed         | 6.90%                 | No            | 2                  | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri                                  | MISSOURI ST HLTH & EDUCTNL FACS AUTH EDUCTNL FACS REVENUE    | CUSIP: 60636APP2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    250000 | PA      | $178303.87    | 0.04%             | 2057-08-15      | Fixed         | 3.65%                 | No            | 2                  | On Loan: No      |
| Alameda County Joint Powers Authority                                                               | ALAMEDA CNTY CA JT PWRS AUTH LEASE REVENUE                   | CUSIP: 010831BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $134389.16    | 0.03%             | 2044-12-01      | Fixed         | 7.05%                 | No            | 2                  | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                    | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH      | CUSIP: 54627RAN0<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    155000 | PA      | $149250.25    | 0.04%             | 2036-02-01      | Fixed         | 4.28%                 | No            | 2                  | On Loan: No      |
| Dallas Area Rapid Transit                                                                           | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE               | CUSIP: 235241LS3<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |     75000 | PA      | $76519.14     | 0.02%             | 2044-12-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Indiana Finance Authority                                                                           | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506ECL5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |     50000 | PA      | $35222.52     | 0.01%             | 2051-01-01      | Fixed         | 3.05%                 | No            | 2                  | On Loan: No      |
| Oklahoma Development Finance Authority                                                              | OKLAHOMA ST DEV FIN AUTH                                     | CUSIP: 6789084D3<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    120000 | PA      | $111864.55    | 0.03%             | 2045-11-01      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| Permanent University Fund - Texas A&M University System                                             | TEXAS ST A & M UNIV PERM UNIV FUND                           | CUSIP: 8821175V2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $68074.01     | 0.02%             | 2047-07-01      | Fixed         | 3.66%                 | No            | 2                  | On Loan: No      |
| State of California                                                                                 | CALIFORNIA ST                                                | CUSIP: 13063D3T3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $139141.90    | 0.03%             | 2043-03-01      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Board of Regents of the University of Texas System                                                  | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AGU3<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |     95000 | PA      | $70023.63     | 0.02%             | 2047-08-15      | Fixed         | 3.35%                 | No            | 2                  | On Loan: No      |
| City of New York NY                                                                                 | NEW YORK NY                                                  | CUSIP: 64966SNH5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    190000 | PA      | $198163.61    | 0.05%             | 2045-02-01      | Fixed         | 6.29%                 | No            | 2                  | On Loan: No      |
| District of Columbia Water & Sewer Authority                                                        | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845JZ4<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |     70000 | PA      | $58769.86     | 0.01%             | 2114-10-01      | Fixed         | 4.81%                 | No            | 2                  | On Loan: No      |
| University of Virginia                                                                              | UNIV OF VIRGINIA VA UNIV REVENUES                            | CUSIP: 915217XF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $123644.48    | 0.03%             | 2050-09-01      | Fixed         | 2.26%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                                                                                         | Federal Home Loan Mortgage Corp                              | CUSIP: 3134A4KX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    790000 | PA      | $887776.14    | 0.22%             | 2032-07-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Municipal Electric Authority of Georgia                                                             | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207YS7<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    271000 | PA      | $297323.53    | 0.07%             | 2057-04-01      | Fixed         | 7.06%                 | No            | 2                  | On Loan: No      |
| Louisville and Jefferson County Metropolitan Sewer District                                         | LOUISVILLE & JEFFERSON CNTY KY MET SWR DIST SWR & DRAIN SYS  | CUSIP: 546589QY1<br>LEI: 5493004O4I11L8BK0A22 | Long             | DBT              | MUN               | US        |     95000 | PA      | $99359.94     | 0.02%             | 2043-05-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Michigan State University                                                                           | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712WY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $68654.60     | 0.02%             | 2122-08-15      | Fixed         | 4.17%                 | No            | 2                  | On Loan: No      |
| Sales Tax Securitization Corp                                                                       | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BCN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $70977.70     | 0.02%             | 2048-01-01      | Fixed         | 4.79%                 | No            | 2                  | On Loan: No      |
| Texas Transportation Commission                                                                     | TEXAS ST TRANSPRTN COMMISSION                                | CUSIP: 882830BH4<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |     25000 | PA      | $16937.03     | 0.00%             | 2044-10-01      | Fixed         | 2.47%                 | No            | 2                  | On Loan: No      |
| Los Angeles Department of Water & Power                                                             | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 544495VY7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    260000 | PA      | $271531.01    | 0.07%             | 2045-07-01      | Fixed         | 6.57%                 | No            | 2                  | On Loan: No      |
| University of Michigan                                                                              | UNIV OF MICHIGAN MI                                          | CUSIP: 914455UG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $52031.50     | 0.01%             | 2050-04-01      | Fixed         | 2.56%                 | No            | 2                  | On Loan: No      |
| FANNIE MAE                                                                                          | Federal National Mortgage Association                        | CUSIP: 3136G4U27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    515000 | PA      | $377179.75    | 0.09%             | 2035-08-24      | Fixed         | 1.55%                 | No            | 2                  | On Loan: No      |
| Dallas County Hospital District                                                                     | DALLAS CNTY TX HOSP DIST                                     | CUSIP: 234667JL8<br>LEI: UQCNU7AEWLMSSOK7VW91 | Long             | DBT              | MUN               | US        |    225000 | PA      | $223624.98    | 0.06%             | 2044-08-15      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                                                                               | Tennessee Valley Authority                                   | CUSIP: 880591CP5<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1118000 | PA      | $1252517.53   | 0.31%             | 2038-01-15      | Fixed         | 6.15%                 | No            | 2                  | On Loan: No      |
| Port Authority of New York & New Jersey                                                             | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WX90<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |     75000 | PA      | $61145.18     | 0.02%             | 2048-09-01      | Fixed         | 4.03%                 | No            | 2                  | On Loan: No      |
| Golden State Tobacco Securitization Corp                                                            | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT  | CUSIP: 38122ND58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $110001.42    | 0.03%             | 2041-06-01      | Fixed         | 3.71%                 | No            | 2                  | On Loan: No      |
| State of California                                                                                 | CALIFORNIA ST                                                | CUSIP: 13063D7G7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $667192.18    | 0.17%             | 2041-10-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| State of California                                                                                 | CALIFORNIA ST                                                | CUSIP: 13063A7D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $481759.79    | 0.12%             | 2039-10-01      | Fixed         | 7.30%                 | No            | 2                  | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                                        | SALT RIVER AZ PROJ AGRIC IMPT & PWR DIST ELEC                | CUSIP: 79575DE63<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |     75000 | PA      | $71503.77     | 0.02%             | 2041-01-01      | Fixed         | 4.84%                 | No            | 2                  | On Loan: No      |
| Port Authority of New York & New Jersey                                                             | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358W3L6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |     85000 | PA      | $53302.85     | 0.01%             | 2069-08-01      | Fixed         | 3.29%                 | No            | 2                  | On Loan: No      |
| Port Authority of New York & New Jersey                                                             | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WCW2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    115000 | PA      | $120688.80    | 0.03%             | 2040-11-01      | Fixed         | 5.65%                 | No            | 2                  | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                                   | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE             | CUSIP: 16772PAQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $133420.64    | 0.03%             | 2040-12-01      | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                                            | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333P3W6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $90037.11     | 0.02%             | 2041-10-01      | Fixed         | 4.28%                 | No            | 2                  | On Loan: No      |
| Foothill-Eastern Transportation Corridor Agency                                                     | FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE   | CUSIP: 345105JE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $72542.82     | 0.02%             | 2049-01-15      | Fixed         | 4.09%                 | No            | 2                  | On Loan: No      |
| California State University                                                                         | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DKU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $95139.17     | 0.02%             | 2051-11-01      | Fixed         | 2.98%                 | No            | 2                  | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                                               | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 796253Y30<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    265000 | PA      | $268040.91    | 0.07%             | 2041-02-01      | Fixed         | 5.81%                 | No            | 2                  | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                                           | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                      | CUSIP: 57604TAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $122267.02    | 0.03%             | 2040-06-01      | Fixed         | 5.73%                 | No            | 2                  | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                                            | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133ERF71<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $966726.11    | 0.24%             | 2049-12-02      | Fixed         | 5.86%                 | No            | 2                  | On Loan: No      |
| Oregon State University                                                                             | OREGON ST UNIV GEN REVENUE                                   | CUSIP: 68608WAL6<br>LEI: 549300UBMR6O3SFCEV73 | Long             | DBT              | MUN               | US        |     80000 | PA      | $52383.51     | 0.01%             | 2060-03-01      | Fixed         | 3.42%                 | No            | 2                  | On Loan: No      |
| FREDDIE MAC                                                                                         | Federal Home Loan Mortgage Corp                              | CUSIP: 3128X75U4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   6164000 | PA      | $3186469.38   | 0.79%             | 2038-11-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Sales Tax Securitization Corp                                                                       | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BDX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $75256.25     | 0.02%             | 2042-01-01      | Fixed         | 3.24%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                              | US 5YR NOTE (CBT) SEP25                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -1 | NC      | $-377.04      | -0.00%            |  |  |  | No            | 1                  | On Loan: No      |
| San Diego County Water Authority                                                                    | SAN DIEGO CNTY CA WTR AUTH FING AGY WTR REVENUE              | CUSIP: 79741TAR5<br>LEI: 549300Y0QN5OFKA1G520 | Long             | DBT              | MUN               | US        |    130000 | PA      | $133358.84    | 0.03%             | 2049-05-01      | Fixed         | 6.14%                 | No            | 2                  | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                                            | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133ERVG3<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    236000 | PA      | $231935.89    | 0.06%             | 2038-10-04      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| University of California                                                                            | UNIV OF CALIFORNIA REVENUES                                  | CUSIP: 91412GHA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $107377.76    | 0.03%             | 2112-05-15      | Fixed         | 4.86%                 | No            | 2                  | On Loan: No      |
| University of Virginia                                                                              | UNIV OF VIRGINIA VA UNIV REVENUES                            | CUSIP: 915217WX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $80336.10     | 0.02%             | 2117-09-01      | Fixed         | 4.18%                 | No            | 2                  | On Loan: No      |
| New York State Dormitory Authority                                                                  | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 649902T37<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     90000 | PA      | $90954.14     | 0.02%             | 2040-03-15      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue                               | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366KB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $185851.42    | 0.05%             | 2050-05-15      | Fixed         | 3.01%                 | No            | 2                  | On Loan: No      |
| State of California                                                                                 | CALIFORNIA ST                                                | CUSIP: 13063A5G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $892008.31    | 0.22%             | 2039-04-01      | Fixed         | 7.55%                 | No            | 2                  | On Loan: No      |
| Massachusetts School Building Authority                                                             | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000XQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $97060.30     | 0.02%             | 2040-10-15      | Fixed         | 3.40%                 | No            | 2                  | On Loan: No      |
| American Municipal Power Inc                                                                        | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765UEK6<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    180000 | PA      | $226215.40    | 0.06%             | 2050-02-15      | Fixed         | 8.08%                 | No            | 2                  | On Loan: No      |
| Commonwealth Financing Authority                                                                    | CMWLTH FING AUTH PA                                          | CUSIP: 20281PNE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $70320.50     | 0.02%             | 2042-06-01      | Fixed         | 2.99%                 | No            | 2                  | On Loan: No      |
| Chicago Transit Authority Sales & Transfer Tax Receipts Revenue                                     | CHICAGO IL TRANSIT AUTH SALES & TRANSFER TAX RECPTS REVENUE  | CUSIP: 167725AC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    276872 | PA      | $304295.29    | 0.08%             | 2040-12-01      | Fixed         | 6.90%                 | No            | 2                  | On Loan: No      |
| Board of Regents of the University of Texas System                                                  | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AKD6<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |     75000 | PA      | $45254.62     | 0.01%             | 2049-08-15      | Fixed         | 2.44%                 | No            | 2                  | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue                               | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366KC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $128528.80    | 0.03%             | 2060-05-15      | Fixed         | 3.26%                 | No            | 2                  | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                                            | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133EL3Q5<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    536000 | PA      | $349752.03    | 0.09%             | 2040-08-13      | Fixed         | 1.95%                 | No            | 2                  | On Loan: No      |
| Municipal Electric Authority of Georgia                                                             | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207YF5<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    126000 | PA      | $134949.64    | 0.03%             | 2057-04-01      | Fixed         | 6.64%                 | No            | 2                  | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                                      | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES & USE TAX      | CUSIP: 15504RET2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100929.48    | 0.02%             | 2039-11-01      | Fixed         | 5.49%                 | No            | 2                  | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                                            | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133EMUA8<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    214000 | PA      | $168391.36    | 0.04%             | 2036-03-24      | Fixed         | 2.40%                 | No            | 2                  | On Loan: No      |
| American Municipal Power Inc                                                                        | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765UEJ9<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    190000 | PA      | $225238.66    | 0.06%             | 2041-02-15      | Fixed         | 7.83%                 | No            | 2                  | On Loan: No      |
| South Carolina Public Service Authority                                                             | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151AA7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |     85000 | PA      | $89371.03     | 0.02%             | 2050-01-01      | Fixed         | 6.45%                 | No            | 2                  | On Loan: No      |
| State of California                                                                                 | CALIFORNIA ST                                                | CUSIP: 13063BBU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $230147.75    | 0.06%             | 2039-11-01      | Fixed         | 7.35%                 | No            | 2                  | On Loan: No      |
| University of Minnesota                                                                             | UNIV OF MINNESOTA MN                                         | CUSIP: 914460WT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $132204.66    | 0.03%             | 2052-04-01      | Fixed         | 4.05%                 | No            | 2                  | On Loan: No      |
| Board of Regents of the University of Texas System                                                  | UNIV OF TEXAS TX                                             | CUSIP: 9151375R0<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |     35000 | PA      | $33045.82     | 0.01%             | 2046-08-15      | Fixed         | 4.79%                 | No            | 2                  | On Loan: No      |
| Rutgers The State University of New Jersey                                                          | RUTGERS NJ ST UNIV                                           | CUSIP: 783186NH8<br>LEI: 549300BOYDHNW8J60112 | Long             | DBT              | MUN               | US        |     95000 | PA      | $95730.47     | 0.02%             | 2040-05-01      | Fixed         | 5.67%                 | No            | 2                  | On Loan: No      |
| University of Virginia                                                                              | UNIV OF VIRGINIA VA UNIV REVENUES                            | CUSIP: 915217XM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $56715.34     | 0.01%             | 2051-11-01      | Fixed         | 2.58%                 | No            | 2                  | On Loan: No      |
| New York City Municipal Water Finance Authority                                                     | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972FT63<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    170000 | PA      | $165368.34    | 0.04%             | 2043-06-15      | Fixed         | 5.44%                 | No            | 2                  | On Loan: No      |
| FREDDIE MAC                                                                                         | Federal Home Loan Mortgage Corp                              | CUSIP: 3128X74S0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   1480000 | PA      | $761423.59    | 0.19%             | 2038-11-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bonds                                          | CUSIP: 912810PT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12345000 | PA      | $12713421.09  | 3.15%             | 2037-02-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| New Jersey Turnpike Authority                                                                       | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646139X83<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    535000 | PA      | $610384.13    | 0.15%             | 2041-01-01      | Fixed         | 7.10%                 | No            | 2                  | On Loan: No      |
| University of Michigan                                                                              | UNIV OF MICHIGAN MI                                          | CUSIP: 914455UK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $47070.66     | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                                              | Federal Home Loan Banks                                      | CUSIP: 3130ANH86<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    295000 | PA      | $224807.71    | 0.06%             | 2036-08-18      | Fixed         | 2.30%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bonds                                          | CUSIP: 912810QH4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  32350000 | PA      | $31298625.00  | 7.75%             | 2040-05-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bonds                                          | CUSIP: 912810SR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  44681000 | PA      | $27576554.69  | 6.83%             | 2040-05-15      | Fixed         | 1.13%                 | No            | 2                  | On Loan: No      |
| Massachusetts School Building Authority                                                             | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000KV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $112620.70    | 0.03%             | 2039-08-15      | Fixed         | 5.72%                 | No            | 2                  | On Loan: No      |
| City of Houston TX                                                                                  | HOUSTON TX                                                   | CUSIP: 4423313K8<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    125000 | PA      | $102869.72    | 0.03%             | 2047-03-01      | Fixed         | 3.96%                 | No            | 2                  | On Loan: No      |
| Chicago O'Hare International Airport                                                                | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593H62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $85726.63     | 0.02%             | 2049-01-01      | Fixed         | 4.47%                 | No            | 2                  | On Loan: No      |
| New York State Dormitory Authority                                                                  | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FMT8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    185000 | PA      | $188330.54    | 0.05%             | 2039-03-15      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| University of Michigan                                                                              | UNIV OF MICHIGAN MI                                          | CUSIP: 914455UF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $182037.66    | 0.05%             | 2040-04-01      | Fixed         | 2.44%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bonds                                          | CUSIP: 912810QB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28857000 | PA      | $27792898.13  | 6.88%             | 2039-05-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| City of New York NY                                                                                 | NEW YORK NY                                                  | CUSIP: 64966SHN9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    105000 | PA      | $96180.10     | 0.02%             | 2054-10-01      | Fixed         | 5.11%                 | No            | 2                  | On Loan: No      |
| State of California                                                                                 | CALIFORNIA ST                                                | CUSIP: 13063BFR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $291249.66    | 0.07%             | 2040-03-01      | Fixed         | 7.63%                 | No            | 2                  | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Tax Fund                                            | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259NZH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $199372.87    | 0.05%             | 2039-11-15      | Fixed         | 7.34%                 | No            | 2                  | On Loan: No      |
| Port Authority of New York & New Jersey                                                             | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XJB9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    170000 | PA      | $158760.60    | 0.04%             | 2053-07-15      | Fixed         | 5.07%                 | No            | 2                  | On Loan: No      |
| North Texas Tollway Authority                                                                       | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WFB7<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    190000 | PA      | $207763.88    | 0.05%             | 2049-01-01      | Fixed         | 6.72%                 | No            | 2                  | On Loan: No      |
| City of New York NY                                                                                 | NEW YORK NY                                                  | CUSIP: 64966JAR7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     90000 | PA      | $96213.85     | 0.02%             | 2037-12-01      | Fixed         | 6.27%                 | No            | 2                  | On Loan: No      |
| Port Authority of New York & New Jersey                                                             | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WRP1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    270000 | PA      | $251506.43    | 0.06%             | 2046-08-01      | Fixed         | 4.96%                 | No            | 2                  | On Loan: No      |
| California Health Facilities Financing Authority                                                    | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UD88<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    105000 | PA      | $96625.11     | 0.02%             | 2037-06-01      | Fixed         | 4.19%                 | No            | 2                  | On Loan: No      |
| Commonwealth of Massachusetts                                                                       | MASSACHUSETTS ST                                             | CUSIP: 57582RYY6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     85000 | PA      | $56449.24     | 0.01%             | 2049-09-01      | Fixed         | 2.90%                 | No            | 2                  | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                                              | Federal Home Loan Banks                                      | CUSIP: 3130ATS65<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    670000 | PA      | $694465.06    | 0.17%             | 2032-09-10      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Bay Area Toll Authority                                                                             | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024PY2<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |     70000 | PA      | $78637.97     | 0.02%             | 2050-10-01      | Fixed         | 6.91%                 | No            | 2                  | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue                                  | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765RTL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $72840.96     | 0.02%             | 2050-11-01      | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                                               | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 796253Z21<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    110000 | PA      | $102658.26    | 0.03%             | 2042-02-01      | Fixed         | 4.43%                 | No            | 2                  | On Loan: No      |
| University of Michigan                                                                              | UNIV OF MICHIGAN MI                                          | CUSIP: 914455UH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     47000 | PA      | $33638.19     | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                                                                               | Tennessee Valley Authority                                   | CUSIP: 880591DX7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1254000 | PA      | $1257560.03   | 0.31%             | 2035-06-15      | Fixed         | 4.65%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                              | US ULTRA BOND CBT SEP25                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -7 | NC      | $-22785.44    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Los Angeles County Public Works Financing Authority                                                 | LOS ANGELES CNTY CA PUBLIC WKS FING AUTH LEASE REVENUE       | CUSIP: 54473ENS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $85393.72     | 0.02%             | 2040-08-01      | Fixed         | 7.62%                 | No            | 2                  | On Loan: No      |
| California State University                                                                         | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DRV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $54756.48     | 0.01%             | 2052-11-01      | Fixed         | 2.94%                 | No            | 2                  | On Loan: No      |
| Dallas Fort Worth International Airport                                                             | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $301527.50    | 0.07%             | 2051-11-01      | Fixed         | 4.51%                 | No            | 2                  | On Loan: No      |
| Port Authority of New York & New Jersey                                                             | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WF82<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    140000 | PA      | $113307.79    | 0.03%             | 2057-10-15      | Fixed         | 4.23%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bonds                                          | CUSIP: 912810QD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33162000 | PA      | $32172321.56  | 7.97%             | 2039-11-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| State of Illinois                                                                                   | ILLINOIS ST                                                  | CUSIP: 452152GS4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    132143 | PA      | $142775.75    | 0.04%             | 2035-07-01      | Fixed         | 7.35%                 | No            | 2                  | On Loan: No      |
| FREDDIE MAC                                                                                         | Federal Home Loan Mortgage Corp                              | CUSIP: 3128X9MF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   3074000 | PA      | $1808829.39   | 0.45%             | 2036-09-15      | None          | 0.00%                 | No            | 2                  | On Loan: No      |
| Michigan Finance Authority                                                                          | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TXX6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    105000 | PA      | $86168.20     | 0.02%             | 2040-12-01      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bonds                                          | CUSIP: 912810PW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16762000 | PA      | $16552475.00  | 4.10%             | 2038-02-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| New York City Municipal Water Finance Authority                                                     | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972FT30<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    165000 | PA      | $164892.72    | 0.04%             | 2042-06-15      | Fixed         | 5.72%                 | No            | 2                  | On Loan: No      |
| Dallas Fort Worth International Airport                                                             | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 2350367A2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $69135.44     | 0.02%             | 2050-11-01      | Fixed         | 2.92%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bonds                                          | CUSIP: 912810FT0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19643000 | PA      | $19913091.25  | 4.93%             | 2036-02-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Port of Morrow OR                                                                                   | PORT OF MORROW OR TRANSMISSION FACS REVENUE                  | CUSIP: 73474TAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $59427.66     | 0.01%             | 2040-09-01      | Fixed         | 2.54%                 | No            | 2                  | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                                            | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133ELE91<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    243000 | PA      | $181766.66    | 0.05%             | 2035-06-04      | Fixed         | 1.80%                 | No            | 2                  | On Loan: No      |
| City of New York NY                                                                                 | NEW YORK NY                                                  | CUSIP: 64966H4K3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    110000 | PA      | $111031.01    | 0.03%             | 2037-10-01      | Fixed         | 5.52%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bonds                                          | CUSIP: 912810PU6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15934000 | PA      | $16755596.88  | 4.15%             | 2037-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                                               | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 796253T93<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52272.96     | 0.01%             | 2039-02-01      | Fixed         | 5.99%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                              | US 10YR NOTE (CBT)SEP25                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -33 | NC      | $-20318.00    | -0.01%            |  |  |  | No            | 1                  | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                                       | ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE       | CUSIP: 010268CX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $23660.69     | 0.01%             | 2037-09-01      | Fixed         | 2.65%                 | No            | 2                  | On Loan: No      |
| Commonwealth of Massachusetts                                                                       | MASSACHUSETTS ST                                             | CUSIP: 57582PUE8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    230000 | PA      | $231455.96    | 0.06%             | 2039-12-01      | Fixed         | 5.46%                 | No            | 2                  | On Loan: No      |
| California State University                                                                         | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DTS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $64873.42     | 0.02%             | 2053-11-01      | Fixed         | 5.18%                 | No            | 2                  | On Loan: No      |
| Dallas Fort Worth International Airport                                                             | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 2350368N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $71296.55     | 0.02%             | 2046-11-01      | Fixed         | 2.84%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                                                                               | Tennessee Valley Authority                                   | CUSIP: 880591EP3<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   5436000 | PA      | $4385485.50   | 1.09%             | 2042-12-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| San Diego County Regional Transportation Commission                                                 | SAN DIEGO CNTY CA REGL TRANSPRTN COMMISSION SALES TAX REV    | CUSIP: 797400FN3<br>LEI: W4FR340A6EQ2SSI17B56 | Long             | DBT              | MUN               | US        |    135000 | PA      | $135680.58    | 0.03%             | 2048-04-01      | Fixed         | 5.91%                 | No            | 2                  | On Loan: No      |
| New York State Dormitory Authority                                                                  | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64985SFE8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    145000 | PA      | $147407.22    | 0.04%             | 2035-07-01      | Fixed         | 5.23%                 | No            | 2                  | On Loan: No      |
| Regional Transportation District Sales Tax Revenue                                                  | REGL TRANSPRTN DIST CO SALES TAX REVENUE                     | CUSIP: 759136QP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80783.23     | 0.02%             | 2050-11-01      | Fixed         | 5.84%                 | No            | 2                  | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                                              | Federal Home Loan Banks                                      | CUSIP: 3130AMVN9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    575000 | PA      | $443085.36    | 0.11%             | 2036-06-23      | Fixed         | 2.38%                 | No            | 2                  | On Loan: No      |
| United Nations Development Corp                                                                     | UNITED NATIONS DEV CORP NY                                   | CUSIP: 911157MF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $93565.09     | 0.02%             | 2055-08-01      | Fixed         | 6.54%                 | No            | 2                  | On Loan: No      |
| Commonwealth Financing Authority                                                                    | CMWLTH FING AUTH PA                                          | CUSIP: 20281PKG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $175055.76    | 0.04%             | 2038-06-01      | Fixed         | 4.14%                 | No            | 2                  | On Loan: No      |
| University of Pittsburgh-of the Commonwealth System of Higher Education                             | UNIV OF PITTSBURGH PA OF THE CMWLTH SYS OF HGR EDU           | CUSIP: 91335VKQ8<br>LEI: 5493002C83QSGL8ETT42 | Long             | DBT              | MUN               | US        |    150000 | PA      | $93401.83     | 0.02%             | 2119-09-15      | Fixed         | 3.56%                 | No            | 2                  | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                                           | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $59109.54     | 0.01%             | 2050-07-01      | Fixed         | 3.20%                 | No            | 2                  | On Loan: No      |
| Chicago O'Hare International Airport                                                                | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593H70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $64111.23     | 0.02%             | 2054-01-01      | Fixed         | 4.57%                 | No            | 2                  | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue                                 | MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE        | CUSIP: 592643AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $146380.71    | 0.04%             | 2046-10-01      | Fixed         | 7.46%                 | No            | 2                  | On Loan: No      |
| City of New York NY                                                                                 | NEW YORK NY                                                  | CUSIP: 64966Q7G9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    160000 | PA      | $163316.08    | 0.04%             | 2053-10-01      | Fixed         | 5.83%                 | No            | 2                  | On Loan: No      |
| Chicago Board of Trade                                                                              | US LONG BOND(CBT) SEP25                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        88 | NC      | $228709.10    | 0.06%             |  |  |  | No            | 1                  | On Loan: No      |
| City of New York NY                                                                                 | NEW YORK NY                                                  | CUSIP: 64966SHZ2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    120000 | PA      | $116163.38    | 0.03%             | 2044-10-01      | Fixed         | 5.26%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                                                                               | Tennessee Valley Authority                                   | CUSIP: 880591EB4<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1741000 | PA      | $1628135.27   | 0.40%             | 2048-01-15      | Fixed         | 4.88%                 | No            | 2                  | On Loan: No      |
| Maryland Economic Development Corp                                                                  | MARYLAND ST ECON DEV CORP                                    | CUSIP: 574205JJ0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    125000 | PA      | $117932.00    | 0.03%             | 2056-05-31      | Fixed         | 5.43%                 | No            | 2                  | On Loan: No      |
| Russell Investments Trust Company Commingled Employee Benefit Funds Trust-U.S. Cash Management Fund | U.S. Cash Management Fund                                    | CUSIP: 000000000<br>LEI: 845SLB3N6EI7ZN7PZ398 | Long             | STIV             | PF                | US        |  18852397 | NS      | $18846741.08  | 4.67%             |  |  |  | No            | N/A                | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue                               | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63668.30     | 0.02%             | 2049-05-15      | Fixed         | 6.58%                 | No            | 2                  | On Loan: No      |
| University of Michigan                                                                              | UNIV OF MICHIGAN MI                                          | CUSIP: 914455UJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $217394.24    | 0.05%             | 2122-04-01      | Fixed         | 4.45%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bonds                                          | CUSIP: 912810PX0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18976000 | PA      | $19002685.00  | 4.71%             | 2038-05-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Port Authority of New York & New Jersey                                                             | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WXQ2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    235000 | PA      | $209707.29    | 0.05%             | 2065-10-15      | Fixed         | 4.81%                 | No            | 2                  | On Loan: No      |
| Grand Parkway Transportation Corp                                                                   | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE             | CUSIP: 38611TAV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $93274.88     | 0.02%             | 2042-10-01      | Fixed         | 5.18%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                                                                               | Tennessee Valley Authority                                   | CUSIP: 880591CS9<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   8529000 | PA      | $9344795.78   | 2.31%             | 2036-04-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| Maryland Economic Development Corp                                                                  | MARYLAND ST ECON DEV CORP                                    | CUSIP: 574205HW3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |     40000 | PA      | $39844.64     | 0.01%             | 2057-05-31      | Fixed         | 5.94%                 | No            | 2                  | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                    | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH      | CUSIP: 54627RAP5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    196000 | PA      | $186330.27    | 0.05%             | 2039-08-01      | Fixed         | 4.48%                 | No            | 2                  | On Loan: No      |
| Bay Area Toll Authority                                                                             | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024NV0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    240000 | PA      | $271972.21    | 0.07%             | 2050-04-01      | Fixed         | 7.04%                 | No            | 2                  | On Loan: No      |
| Metropolitan Transportation Authority                                                               | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59259YGF0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     80000 | PA      | $85435.64     | 0.02%             | 2040-11-15      | Fixed         | 6.81%                 | No            | 2                  | On Loan: No      |
| Pennsylvania State University/The                                                                   | PENNSYLVANIA ST UNIV                                         | CUSIP: 709235T70<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |    155000 | PA      | $115459.70    | 0.03%             | 2043-09-01      | Fixed         | 2.79%                 | No            | 2                  | On Loan: No      |
| City of New York NY                                                                                 | NEW YORK NY                                                  | CUSIP: 64966SHM1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    120000 | PA      | $112103.00    | 0.03%             | 2049-10-01      | Fixed         | 5.09%                 | No            | 2                  | On Loan: No      |
| Pennsylvania State University/The                                                                   | PENNSYLVANIA ST UNIV                                         | CUSIP: 709235T88<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |     95000 | PA      | $60761.50     | 0.02%             | 2050-09-01      | Fixed         | 2.84%                 | No            | 2                  | On Loan: No      |
| Empire State Development Corp                                                                       | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650035TD0<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    190000 | PA      | $195330.67    | 0.05%             | 2039-03-15      | Fixed         | 5.77%                 | No            | 2                  | On Loan: No      |
| United States Treasury                                                                              | U.S. Treasury Bonds                                          | CUSIP: 912810QC5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30830000 | PA      | $30391635.94  | 7.53%             | 2039-08-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                                            | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133ENSR2<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   1368000 | PA      | $1105503.50   | 0.27%             | 2042-03-24      | Fixed         | 3.70%                 | No            | 2                  | On Loan: No      |
| Dallas Area Rapid Transit                                                                           | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE               | CUSIP: 235241LW4<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    150000 | PA      | $133888.58    | 0.03%             | 2048-12-01      | Fixed         | 5.02%                 | No            | 2                  | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                                    | SAN JOAQUIN HILLS CA TRANSPRTN CORRIDOR AGY TOLL ROAD REV    | CUSIP: 798111HM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $104942.47    | 0.03%             | 2050-01-15      | Fixed         | 3.49%                 | No            | 2                  | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                                          | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO          | CUSIP: 167560PL9<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |    155000 | PA      | $158980.08    | 0.04%             | 2038-12-01      | Fixed         | 5.72%                 | No            | 2                  | On Loan: No      |
| Bay Area Toll Authority                                                                             | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024XW7<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    270000 | PA      | $174059.67    | 0.04%             | 2055-04-01      | Fixed         | 3.13%                 | No            | 2                  | On Loan: No      |
| Chicago O'Hare International Airport                                                                | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $98510.57     | 0.02%             | 2040-01-01      | Fixed         | 6.40%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                                                                               | Tennessee Valley Authority                                   | CUSIP: 880591ED0<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1859000 | PA      | $1962932.38   | 0.49%             | 2038-06-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Dallas Area Rapid Transit                                                                           | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE               | CUSIP: 235241WM4<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    305000 | PA      | $201329.92    | 0.05%             | 2048-12-01      | Fixed         | 2.61%                 | No            | 2                  | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                                            | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133EKFG6<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    938000 | PA      | $794444.07    | 0.20%             | 2039-04-01      | Fixed         | 3.65%                 | No            | 2                  | On Loan: No      |
| Port Authority of New York & New Jersey                                                             | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XCN0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    110000 | PA      | $69128.67     | 0.02%             | 2060-07-15      | Fixed         | 3.18%                 | No            | 2                  | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                                            | Federal Farm Credit Banks Funding Corp                       | CUSIP: 3133ERZY0<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    350000 | PA      | $348128.13    | 0.09%             | 2044-11-14      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth                    | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH      | CUSIP: 54627RAT7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    210000 | PA      | $211184.67    | 0.05%             | 2039-12-01      | Fixed         | 5.20%                 | No            | 2                  | On Loan: No      |
| Rutgers The State University of New Jersey                                                          | RUTGERS NJ ST UNIV                                           | CUSIP: 783186UJ6<br>LEI: 549300BOYDHNW8J60112 | Long             | DBT              | MUN               | US        |    290000 | PA      | $228507.15    | 0.06%             | 2043-05-01      | Fixed         | 3.27%                 | No            | 2                  | On Loan: No      |
| County of Clark Department of Aviation                                                              | CLARK CNTY NV ARPT REVENUE                                   | CUSIP: 18085PMT8<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    155000 | PA      | $171450.93    | 0.04%             | 2045-07-01      | Fixed         | 6.82%                 | No            | 2                  | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                                              | Federal Home Loan Banks                                      | CUSIP: 3133XFJ49<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    135000 | PA      | $145384.41    | 0.04%             | 2036-03-14      | Fixed         | 5.63%                 | No            | 2                  | On Loan: No      |
| Grand Parkway Transportation Corp                                                                   | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE             | CUSIP: 38611TDL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $121188.74    | 0.03%             | 2052-10-01      | Fixed         | 3.24%                 | No            | 2                  | On Loan: No      |
| New York City Municipal Water Finance Authority                                                     | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972FY34<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75604.92     | 0.02%             | 2044-06-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| Los Angeles Department of Water & Power                                                             | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 544495WA8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26020.27     | 0.01%             | 2050-07-01      | Fixed         | 6.60%                 | No            | 2                  | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue                               | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366KW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $139925.91    | 0.03%             | 2053-05-15      | Fixed         | 4.56%                 | No            | 2                  | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                                           | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 57421CAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $116428.64    | 0.03%             | 2040-07-01      | Fixed         | 3.05%                 | No            | 2                  | On Loan: No      |
| City of Los Angeles Department of Airports Customer Facility Charge Revenue                         | LOS ANGELES CA DEPT OF ARPTS CUSTOMER FAC CHARGE REVENUE     | CUSIP: 54445CAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $75798.34     | 0.02%             | 2048-05-15      | Fixed         | 4.24%                 | No            | 2                  | On Loan: No      |
| Massachusetts Educational Financing Authority                                                       | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RTX7<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    105000 | PA      | $107708.40    | 0.03%             | 2049-07-01      | Fixed         | 6.35%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Turnpike Commission                                                                    | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709223A27<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    110000 | PA      | $107820.25    | 0.03%             | 2045-12-01      | Fixed         | 5.51%                 | No            | 2                  | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue                               | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE         | CUSIP: 913366EP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $95477.62     | 0.02%             | 2048-05-15      | Fixed         | 6.55%                 | No            | 2                  | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                                               | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PRR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $83636.75     | 0.02%             | 2054-06-01      | Fixed         | 5.69%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                                                                               | Tennessee Valley Authority                                   | CUSIP: 880591EY4<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    833000 | PA      | $688681.48    | 0.17%             | 2052-09-15      | Fixed         | 4.25%                 | No            | 2                  | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                                              | Federal Home Loan Banks                                      | CUSIP: 3130AJD71<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    555000 | PA      | $438149.48    | 0.11%             | 2035-03-30      | Fixed         | 2.22%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

**Name of Applicant:** RUSSELL INVESTMENT CO

**Signature:** Ross Erickson

**Name of Signer:** Ross Erickson

**Title:** Treasurer, Principal Accounting Officer and Principal Financial Officer