# EDGAR Filing Document

**Accession Number:** 0000822977
**File Stem:** 0001410368-25-016277
**Filing Date:** 2025-10
**Character Count:** 125430
**Document Hash:** 71177cbe76be0e28da6f6b6129eade11
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-016277.hdr.sgml**: 20251020

**ACCESSION NUMBER**: 0001410368-25-016277

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251020

**DATE AS OF CHANGE**: 20251020

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GOLDMAN SACHS TRUST
- **CENTRAL INDEX KEY:** 0000822977

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05349
- **FILM NUMBER:** 251403373

**BUSINESS ADDRESS:**
- **STREET 1:** 71  SOUTH WACKER DRIVE
- **STREET 2:** C/O GOLDMAN SACHS & CO
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3126554400

**MAIL ADDRESS:**
- **STREET 1:** 200 WEST STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10282

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GOLDMAN SACHS SHORT INTERMEDIATE GOVERNMENT FUND
- **DATE OF NAME CHANGE:** 19910711

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SHORT INTERMEDIATE GOVERNMENT FUND
- **DATE OF NAME CHANGE:** 19900104

## Series and Classes Contracts Data

### Goldman Sachs Tactical Tilt Overlay Fund (Series ID: S000046190)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000144475 | Institutional Shares | TTIFX           |
| C000196984 | Class R6 Shares      | TTRFX           |
| C000201713 | Class P Shares       | GSLPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** GOLDMAN SACHS TRUST

- **b. Investment Company Act file number:** 811-05349

- **c. CIK number of Registrant:** 0000822977

- **d. LEI of Registrant:** S2FHCT8U6D2VORP0J605

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

  - **Street Address 1:** 71  SOUTH WACKER DRIVE

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-655-4400

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

- **a. Name of Series:** Goldman Sachs Tactical Tilt Overlay Fund

- **b. EDGAR series identifier (if any):** S000046190

- **c. LEI of Series:** 549300Y7D0XH3BSLUI66

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-08-31

**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:** $4762283066.16

**Total Liabilities:** $43183474.39

**Net Assets:** $4719099591.77

**Amount of Assets Invested in Other Investment Companies:** $622523750.27

**Cash Not Reported:** $97612291.80

**Currency Risk Metrics (dv01):**

- 

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

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

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

- **3-Month:** -3101.20000000 | **1-Year:** -2237.57000000 | **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 C000144475 | 1.13%                | -0.56%               | 1.31%                |
| Class ID C000196984 | 1.08%                | -0.58%               | 1.36%                |
| Class ID C000201713 | 1.08%                | -0.48%               | 1.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-538943.48              | $19985091.17                               |
| Month 2  | $-44338.14               | $-21080507.63                              |
| Month 3  | $58565.95                | $21947573.77                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SUNCOR ENERGY INC                                      | Suncor Energy Inc                                                                                            | CUSIP: 86723AWJ7<br>LEI: 549300W70ZOQDVLCHY06 | Long             | STIV             | CORP              | US        |    12063000 | PA      | $12032685.68  | 0.25%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BASF SE                                                | BASF SE                                                                                                      | CUSIP: 05526LXH5<br>LEI: 529900PM64WH8AF1E917 | Long             | STIV             | CORP              | GE        |    11333000 | PA      | $11262659.47  | 0.24%             | 2025-10-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                               | Long: SR233621  IRS GBP R F  3.81500 2 CCPOIS / Short: SR233621  IRS GBP P V 00MSONIA 1 CCPOIS               | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   260900000 | OU      | $94082.32     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI BANKING CORPOR                         | SUMITOMO MITSUI BANKING CORPOR                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | GB        |    17000000 | PA      | $16985698.92  | 0.36%             | 2025-09-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank/New York                       | Standard Chartered Bank/New York                                                                             | CUSIP: 85325VNT3<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | US        |     3813973 | PA      | $3812819.65   | 0.08%             | 2025-10-03      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| EBAY INC                                               | eBay Inc                                                                                                     | CUSIP: 27864AXG5<br>LEI: OML71K8X303XQONU6T67 | Long             | STIV             | CORP              | US        |    16904000 | PA      | $16802800.82  | 0.36%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SALISBURY RECEIVABLES CO                               | Salisbury Receivables Co LLC                                                                                 | CUSIP: 79490BBJ4<br>LEI: 549300HB2PGDP0V6U989 | Long             | STIV             | CORP              | US        |     3091000 | PA      | $3029103.65   | 0.06%             | 2026-02-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | PURCHASED TRY / SOLD USD                                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | TR        |           1 | NC      | $918639.53    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                 | Long: ES127870  TRS EUR R E .SXDR INDEX / Short: ES127870  TRS EUR P V 00MESTR ESTRON +48 BPS                | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               |  | DE        |   106276123 | OU      | $3471724.41   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bills                                                                                          | CUSIP: 912797RF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    15573900 | PA      | $15075909.75  | 0.32%             | 2026-07-09      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | PURCHASED USD / SOLD TRY                                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |           1 | NC      | $-108840.59   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MOSAIC CO                                              | Mosaic Co/The                                                                                                | CUSIP: 61945NWH8<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | STIV             | CORP              | US        |    18213000 | PA      | $18169405.36  | 0.39%             | 2025-09-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                                                          | CUSIP: 91282CCP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    17302300 | PA      | $16798776.08  | 0.36%             | 2026-07-31      | Fixed         | 0.62%                 | No            |                  1 | On Loan: No      |
| General Motors Financial Co Inc                        | General Motors Financial Co Inc                                                                              | CUSIP: 37046UDL2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | STIV             | CORP              | US        |    19533000 | PA      | $18992639.09  | 0.40%             | 2026-04-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PPG INDUSTRIES INC                                     | PPG Industries Inc                                                                                           | CUSIP: 69350AW87<br>LEI: 549300BKPEP01R3V6C59 | Long             | STIV             | CORP              | US        |     2010000 | PA      | $2007481.87   | 0.04%             | 2025-09-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PODIUM FUNDING TRUST                                   | Podium Funding Trust                                                                                         | CUSIP: 73044DXG6<br>LEI: N/A                  | Long             | STIV             | CORP              | CA        |     4603000 | PA      | $4576523.54   | 0.10%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PODIUM FUNDING TRUST                                   | Podium Funding Trust                                                                                         | CUSIP: 73044DXN1<br>LEI: N/A                  | Long             | STIV             | CORP              | CA        |     4864000 | PA      | $4832539.65   | 0.10%             | 2025-10-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EMORY UNIVERSITY                                       | Emory University                                                                                             | CUSIP: 29157PED2<br>LEI: 95MD72NUUVZ3P8PQ6919 | Long             | STIV             | MUN               | US        |    25735000 | PA      | $25741878.97  | 0.55%             | 2025-10-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANK CORPORATE                                  | LLOYDS BANK CORPORATE                                                                                        | CUSIP: 53947B4E7<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    20727000 | PA      | $20731412.78  | 0.44%             | 2026-08-18      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| NATL BANK OF KUWAIT NY                                 | National Bank of Kuwait/New York NY                                                                          | CUSIP: 63376F2G4<br>LEI: 549300NB7FE83IH6BW96 | Long             | STIV             | CORP              | KW        |    13000000 | PA      | $13007237.10  | 0.28%             | 2026-08-19      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | PURCHASED TRY / SOLD USD                                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | TR        |           1 | NC      | $315479.28    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | PURCHASED USD / SOLD GBP                                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |           1 | NC      | $-187153.03   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EQUITABLE SHORT TERM FUN                               | Equitable Short Term Funding LLC                                                                             | CUSIP: 29456CWF4<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     9910000 | PA      | $9889742.97   | 0.21%             | 2025-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Securities PLC                                | COLLATERALIZED REPO B NSS NA                                                                                 | CUSIP: 000000000<br>LEI: K6Q0W1PS1L1O4IQL9C32 | Long             | STIV             | CORP              | US        |    10000000 | PA      | $9808146.30   | 0.21%             | 2026-02-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Old Line Funding LLC                                   | Old Line Funding LLC                                                                                         | CUSIP: 67983UB36<br>LEI: 5493004QSN8OZAIU2J90 | Long             | STIV             | CORP              | US        |    45000000 | PA      | $44181823.50  | 0.94%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc                           | Alimentation Couche-Tard Inc                                                                                 | CUSIP: 01626UX26<br>LEI: 549300OSW32RVX8CCZ87 | Long             | STIV             | CORP              | CA        |    15022000 | PA      | $14957267.20  | 0.32%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sprott Physical Uranium Trust                          | Sprott Physical Uranium Trust                                                                                | CUSIP: 85210A104<br>LEI: N/A                  | Long             | EC               | RF                | CA        |     3022199 | NS      | $55301169.31  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER S A N Y                                | BANCO SANTANDER S A N Y                                                                                      | CUSIP: 05973REW8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | STIV             | CORP              | ES        |    15132000 | PA      | $15152198.19  | 0.32%             | 2026-05-27      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bills                                                                                          | CUSIP: 912797RK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |     7207100 | PA      | $7090819.28   | 0.15%             | 2026-01-29      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| LLOYDS BANK CORPORATE                                  | LLOYDS BANK CORPORATE                                                                                        | CUSIP: 53947B3V0<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     4334000 | PA      | $4337237.93   | 0.09%             | 2026-05-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bay Square Funding LLC                                 | Bay Square Funding LLC                                                                                       | CUSIP: 07260AY76<br>LEI: 254900LIJZLNOHX66R80 | Long             | STIV             | CORP              | US        |    14598000 | PA      | $14476322.75  | 0.31%             | 2025-11-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BK PJSC                                | First Abu Dhabi Bank PJSC                                                                                    | CUSIP: 31849MBC4<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | STIV             | CORP              | UA        |    25075000 | PA      | $24590255.12  | 0.52%             | 2026-02-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KOOKMIN BK NY BRH                                      | KOOKMIN BK NY BRH                                                                                            | CUSIP: 48668M6H1<br>LEI: 549300XXMOJSIW8P4769 | Long             | STIV             | CORP              | KR        |    13600000 | PA      | $13614764.16  | 0.29%             | 2026-02-06      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Mercado Mexicano De Derivados                          | MEX BOLSA IDX FUT SEP25                                                                                      | CUSIP: 000000000<br>LEI: 5493003M56ZNEEL5EQ10 | N/A              | DE               |  | MX        |         252 | NC      | $27909.67     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Salisbury Receivables Co LLC                           | Salisbury Receivables Co LLC                                                                                 | CUSIP: 79490BB39<br>LEI: 549300HB2PGDP0V6U989 | Long             | STIV             | CORP              | US        |     6388000 | PA      | $6270752.73   | 0.13%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Antalis SA                                             | Antalis SA                                                                                                   | CUSIP: 03664AX29<br>LEI: 549300G2LM2ZKZ0X4Y50 | Long             | STIV             | CORP              | FR        |     4610000 | PA      | $4591110.06   | 0.10%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SHEFFIELD RECEIVABLES                                  | Sheffield Receivables Co LLC                                                                                 | CUSIP: 82124LY71<br>LEI: 549300MYF6MOTU9T3G29 | Long             | STIV             | CORP              | US        |    16500000 | PA      | $16362629.25  | 0.35%             | 2025-11-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | PURCHASED USD / SOLD MXN                                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |           1 | NC      | $-1857677.85  | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| National Stock Exchange Of India                       | IFSC NIFTY 50 FUT SEP25                                                                                      | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | IN        |        1223 | NC      | $-1259429.83  | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                 | US 2YR NOTE (CBT) DEC25                                                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        5469 | NC      | $1763416.51   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG/New York NY                           | Deutsche Bank AG/New York NY                                                                                 | CUSIP: 25158B6Q0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | STIV             | CORP              | DE        |     7500000 | PA      | $7501476.00   | 0.16%             | 2025-11-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                            | Oracle Corp                                                                                                  | CUSIP: 6840C2WJ0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | STIV             | CORP              | US        |    20000000 | PA      | $19950382.00  | 0.42%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Floating Rate Notes                                                                            | CUSIP: 91282CJD4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    30353500 | PA      | $30355735.23  | 0.64%             | 2025-10-31      | Floating      | 4.31%                 | No            |                  1 | On Loan: No      |
| NATL BANK OF KUWAIT NY                                 | National Bank of Kuwait/New York NY                                                                          | CUSIP: 63376FK41<br>LEI: 549300NB7FE83IH6BW96 | Long             | STIV             | CORP              | KW        |    14400000 | PA      | $14412900.96  | 0.31%             | 2026-03-26      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| VW CREDIT INC                                          | VW Credit Inc                                                                                                | CUSIP: 91842JX79<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |     8243000 | PA      | $8202878.02   | 0.17%             | 2025-10-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VW Credit Inc                                          | VW Credit Inc                                                                                                | CUSIP: 91842JWP0<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |    12636000 | PA      | $12596454.37  | 0.27%             | 2025-09-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PARADELLE FUNDING LLC                                  | Paradelle Funding LLC                                                                                        | CUSIP: 69901Q2G1<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    30000000 | PA      | $30016152.00  | 0.64%             | 2026-01-02      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                                                          | CUSIP: 91282CKY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    14435700 | PA      | $14515209.09  | 0.31%             | 2026-06-30      | Fixed         | 4.62%                 | No            |                  1 | On Loan: No      |
| BANCO SANTANDER SA/NY                                  | Banco Santander SA/New York                                                                                  | CUSIP: 05973RDX7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | STIV             | CORP              | ES        |     5111000 | PA      | $5112055.42   | 0.11%             | 2025-11-03      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                               | RTX Corp                                                                                                     | CUSIP: 78109FWG3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | STIV             | CORP              | US        |     9732000 | PA      | $9709908.36   | 0.21%             | 2025-09-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                               | FXO004574 CALL EUR PUT GBP                                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | DE        |    73960000 | OU      | $838348.43    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA/New York NY                             | BNP Paribas SA/New York NY                                                                                   | CUSIP: 05593DCL5<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | STIV             | CORP              | FR        |     4883000 | PA      | $4882535.63   | 0.10%             | 2025-10-07      | Fixed         | 4.39%                 | No            |                  2 | On Loan: No      |
| GOTHAM FUNDING CORP                                    | Gotham Funding Corp                                                                                          | CUSIP: 38346LWK8<br>LEI: 549300Z2ZR7VTUMRPR17 | Long             | STIV             | CORP              | US        |    15000000 | PA      | $14961744.00  | 0.32%             | 2025-09-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                            | S+P500 EMINI FUT SEP25                                                                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |          60 | NC      | $-20792.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Gold Trust                                     | iShares Gold Trust                                                                                           | CUSIP: 464285204<br>LEI: 5493006UOY7GXQW0IP42 | Long             | EC               | RF                | US        |      149245 | NS      | $9715849.50   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BASF SE                                                | BASF SE                                                                                                      | CUSIP: 05526LY76<br>LEI: 529900PM64WH8AF1E917 | Long             | STIV             | CORP              | GE        |    14904000 | PA      | $14771561.57  | 0.31%             | 2025-11-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BAYERISCHE LANDESBANK NY                               | Bayerische Landesbank/New York                                                                               | CUSIP: 0727MDDR3<br>LEI: 549300DJ6F1V4GISFC11 | Long             | STIV             | CORP              | DE        |    20131000 | PA      | $20151640.31  | 0.43%             | 2026-01-28      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA, N.A.                                  | BANK OF AMERICA, N.A.                                                                                        | CUSIP: 06054RC91<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    12888000 | PA      | $12871200.49  | 0.27%             | 2026-07-24      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                       | Societe Generale SA                                                                                          | CUSIP: 83369CF17<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | STIV             | CORP              | US        |     3000000 | PA      | $2906116.20   | 0.06%             | 2026-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PPG INDUSTRIES INC                                     | PPG Industries Inc                                                                                           | CUSIP: 69350AWV6<br>LEI: 549300BKPEP01R3V6C59 | Long             | STIV             | CORP              | US        |    21966000 | PA      | $21881070.65  | 0.46%             | 2025-09-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lime Funding LLC                                       | Lime Funding LLC                                                                                             | CUSIP: 53262QWC4<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     6704000 | PA      | $6692617.28   | 0.14%             | 2025-09-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BPCE                                                   | BPCE SA                                                                                                      | CUSIP: 05571BY64<br>LEI: 9695005MSX1OYEMGDF46 | Long             | STIV             | CORP              | FR        |     8363000 | PA      | $8294668.44   | 0.18%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SSM HEALTH CARE CORP                                   | SSM Health Care Corp                                                                                         | CUSIP: 78470WXM3<br>LEI: 5493000QP6H63JFPC580 | Long             | STIV             | CORP              | US        |    16441000 | PA      | $16337347.72  | 0.35%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PURE GROVE FUNDING                                     | Pure Grove Funding                                                                                           | CUSIP: 74625TYQ3<br>LEI: 5493001D6K5CFMBUWV36 | Long             | STIV             | CORP              | CA        |    29989000 | PA      | $29678667.83  | 0.63%             | 2025-11-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                            | Long: SR232731  IRS COP R F  8.62000 2 CCPNDFOIS / Short: SR232731  IRS COP P V 00MCPIBR 1 CCPNDFOIS         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | GB        | 48290000000 | OU      | $-5945.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG LDN                                   | DEUTSCHE BANK AG LDN                                                                                         | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | STIV             | CORP              | DE        |    15000000 | PA      | $14832249.60  | 0.31%             | 2025-12-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PARADELLE FUNDING LLC                                  | Paradelle Funding LLC                                                                                        | CUSIP: 69901NF90<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    25991000 | PA      | $25156668.11  | 0.53%             | 2026-06-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ANTALIS SA                                             | Antalis SA                                                                                                   | CUSIP: 03664BB54<br>LEI: 549300G2LM2ZKZ0X4Y50 | Long             | STIV             | CORP              | FR        |    13394000 | PA      | $13143383.53  | 0.28%             | 2026-02-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HONEYWELL INTERNATIONAL                                | Honeywell International Inc                                                                                  | CUSIP: 43851TW44<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | STIV             | CORP              | US        |    36110000 | PA      | $36084008.02  | 0.76%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                                                          | CUSIP: 91282CBW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    37462100 | PA      | $36674810.74  | 0.78%             | 2026-04-30      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                               | FXO004581 CALL EUR PUT GBP                                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | DE        |   -73960000 | OU      | $-197971.02   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                 | General Motors Financial Co Inc                                                                              | CUSIP: 37046TXG4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | STIV             | CORP              | US        |     5000000 | PA      | $4970333.50   | 0.11%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                           | HSBC USA Inc                                                                                                 | CUSIP: 40434PY34<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |    14886000 | PA      | $14765919.10  | 0.31%             | 2025-11-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ING (US) FUNDING LLC                                   | ING US Funding LLC                                                                                           | CUSIP: 44988GFX1<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | STIV             | CORP              | US        |     7149000 | PA      | $7149597.66   | 0.15%             | 2025-09-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| TotalEnergies Capital SA                               | TotalEnergies Capital SA                                                                                     | CUSIP: 89152FAL9<br>LEI: 529900QI55ZLJVCMPA71 | Long             | STIV             | CORP              | US        |    10998000 | PA      | $10813497.55  | 0.23%             | 2026-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Emerson Electric Co                                    | Emerson Electric Co                                                                                          | CUSIP: 29101AZF4<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | STIV             | CORP              | US        |    29744000 | PA      | $29371902.56  | 0.62%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                               | OPS09309A SWAPTION                                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              |  | US        |   571300000 | NC      | $4001099.55   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Floating Rate Notes                                                                            | CUSIP: 91282CKM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    36475900 | PA      | $36475954.71  | 0.77%             | 2026-04-30      | Floating      | 4.29%                 | No            |                  1 | On Loan: No      |
| PEPSICO INC                                            | PepsiCo Inc                                                                                                  | CUSIP: 71344UAS8<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | STIV             | CORP              | US        |    50000000 | PA      | $49175000.00  | 1.04%             | 2026-01-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Health Care Select Sector SPDR Fund                    | Health Care Select Sector SPDR Fund                                                                          | CUSIP: 81369Y209<br>LEI: 549300EJNY3KKJHPOY44 | Long             | EC               | RF                | US        |     1499913 | NS      | $206133043.59 | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BARCLAYS BANK PLC NY                                   | Barclays Bank PLC/NY                                                                                         | CUSIP: 06745GCG4<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |     5616000 | PA      | $5619014.11   | 0.12%             | 2025-12-31      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | PURCHASED USD / SOLD TRY                                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |           1 | NC      | $-148220.79   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VICTORY RECEIVABLES CORP                               | Victory Receivables Corp                                                                                     | CUSIP: 92646KWJ7<br>LEI: 549300D0F37QF0LP7F94 | Long             | STIV             | CORP              | US        |     9000000 | PA      | $8978126.40   | 0.19%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Securities PLC                                | COLLATERALIZED REPO B NSS NA                                                                                 | CUSIP: 000000000<br>LEI: K6Q0W1PS1L1O4IQL9C32 | Long             | STIV             | CORP              | US        |    30000000 | PA      | $29408005.80  | 0.62%             | 2026-02-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BK AG N Y BRH INSTL C                         | DEUTSCHE BK AG N Y BRH INSTL C                                                                               | CUSIP: 25161DAP8<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    15100000 | PA      | $15133204.90  | 0.32%             | 2026-08-03      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Credit Agricole Corporate and Investment Bank/New York | Credit Agricole Corporate and Investment Bank/New York                                                       | CUSIP: 22536HA66<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | US        |     8332000 | PA      | $8336690.92   | 0.18%             | 2025-11-13      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                                                          | CUSIP: 91282CKS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    22956000 | PA      | $23103958.54  | 0.49%             | 2026-05-31      | Fixed         | 4.88%                 | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                               | OPS09283A SWAPTION                                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              |  | US        |  -571300000 | NC      | $-1777999.86  | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                 | American Honda Finance Corp                                                                                  | CUSIP: 02665JW48<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |     7670000 | PA      | $7664242.13   | 0.16%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ASTRAZENECA PLC                                        | AstraZeneca PLC                                                                                              | CUSIP: 04635PX61<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | STIV             | CORP              | GB        |    11024000 | PA      | $10972365.79  | 0.23%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG LDN                                   | DEUTSCHE BANK AG LDN                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | DE        |     6000000 | PA      | $5975656.56   | 0.13%             | 2025-10-02      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| HSBC USA INC                                           | HSBC USA Inc                                                                                                 | CUSIP: 40434PWV4<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |    18253000 | PA      | $18184025.56  | 0.39%             | 2025-09-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BAYERISCHE LANDESBANK NY                               | Bayerische Landesbank/New York                                                                               | CUSIP: 0727MDFK6<br>LEI: 549300DJ6F1V4GISFC11 | Long             | STIV             | CORP              | DE        |     4020000 | PA      | $4019961.41   | 0.09%             | 2026-07-16      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Emerson Electric Co                                    | Emerson Electric Co                                                                                          | CUSIP: 29101AYL2<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | STIV             | CORP              | US        |    30000000 | PA      | $29708694.00  | 0.63%             | 2025-11-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Credit Industriel et Commercial/New York               | Credit Industriel et Commercial/New York                                                                     | CUSIP: 22536WK39<br>LEI: N4JDFKKH2FTD8RKFXO39 | Long             | STIV             | CORP              | US        |     9000000 | PA      | $9014068.80   | 0.19%             | 2026-05-12      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MIZUHO BANK LTD                                        | MIZUHO BANK LTD                                                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | JP        |    18000000 | PA      | $17941868.28  | 0.38%             | 2025-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                             | AbbVie Inc                                                                                                   | CUSIP: 00287BYE3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | STIV             | CORP              | US        |    10202000 | PA      | $10104052.64  | 0.21%             | 2025-11-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc                            | Honeywell International Inc                                                                                  | CUSIP: 43851TY34<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | STIV             | CORP              | US        |    21615000 | PA      | $21445791.30  | 0.45%             | 2025-11-03      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| KOOKMIN BK NY BRH                                      | KOOKMIN BK NY BRH                                                                                            | CUSIP: 48668M6D0<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    11850000 | PA      | $11858863.80  | 0.25%             | 2025-11-28      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | PURCHASED USD / SOLD TRY                                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |           1 | NC      | $-114239.10   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                 | American Honda Finance Corp                                                                                  | CUSIP: 02665JW97<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |     6411000 | PA      | $6402194.49   | 0.14%             | 2025-09-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank/New York                       | Standard Chartered Bank/New York                                                                             | CUSIP: 85325VPQ7<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | US        |    11358000 | PA      | $11362714.71  | 0.24%             | 2025-11-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                            | Long: SR232851  IRS COP R F  8.61000 2 CCPNDFOIS / Short: SR232851  IRS COP P V 00MCPIBR 1 CCPNDFOIS         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        | 18991000000 | OU      | $-4086.81     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                 | Macquarie Bank Ltd                                                                                           | CUSIP: 55607NXN5<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |    14110000 | PA      | $14113668.60  | 0.30%             | 2025-10-03      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                                                          | CUSIP: 91282CCW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      470500 | PA      | $456256.35    | 0.01%             | 2026-08-31      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| ALBION CAP CORP/LLC                                    | Albion Capital Corp SA / Albion Capital LLC                                                                  | CUSIP: 01329WZF1<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    30171000 | PA      | $29780888.97  | 0.63%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                            | Long: SR232734  IRS COP R F  8.59800 2 CCPNDFOIS / Short: SR232734  IRS COP P V 00MCPIBR 1 CCPNDFOIS         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        | 73400000000 | OU      | $-23907.88    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                              | Sanofi SA                                                                                                    | CUSIP: 8010M2YA4<br>LEI: 549300E9PC51EN656011 | Long             | STIV             | CORP              | FR        |    39435000 | PA      | $39097680.90  | 0.83%             | 2025-11-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc                            | Honeywell International Inc                                                                                  | CUSIP: 43851TXA9<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | STIV             | CORP              | US        |    15392000 | PA      | $15315178.53  | 0.32%             | 2025-10-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bills                                                                                          | CUSIP: 912797RW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    32707600 | PA      | $32349729.14  | 0.69%             | 2025-12-09      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| ASTRAZENECA PLC                                        | AstraZeneca PLC                                                                                              | CUSIP: 04635PXQ7<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | STIV             | CORP              | GB        |     8657000 | PA      | $8597325.57   | 0.18%             | 2025-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| THUNDER BAY FUNDING LLC                                | Thunder Bay Funding LLC                                                                                      | CUSIP: 88603KHF1<br>LEI: 549300D7DHGDB5EMW139 | Long             | STIV             | CORP              | US        |    15000000 | PA      | $14999848.50  | 0.32%             | 2025-11-14      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                               | Alimentation Couche-Tard Inc                                                                                 | CUSIP: 01626UWJ0<br>LEI: 549300OSW32RVX8CCZ87 | Long             | STIV             | CORP              | CA        |    20498000 | PA      | $20445779.29  | 0.43%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK NY                               | Toronto-Dominion Bank/NY                                                                                     | CUSIP: 89115DML7<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |     7616000 | PA      | $7618479.54   | 0.16%             | 2026-08-18      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| South African Futures Exchange                         | FTSE/JSE TOP 40 SEP25                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | ZA        |         635 | NC      | $1943655.44   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                                                          | CUSIP: 912828Y95<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      385300 | PA      | $378391.69    | 0.01%             | 2026-07-31      | Fixed         | 1.88%                 | No            |                  1 | On Loan: No      |
| ALBION CAP CORP/LLC                                    | Albion Capital Corp SA / Albion Capital LLC                                                                  | CUSIP: 01329WYM7<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    16417000 | PA      | $16253125.51  | 0.34%             | 2025-11-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO FDG LLC                                | Intesa Sanpaolo Funding LLC                                                                                  | CUSIP: 4611K0X36<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    16500000 | PA      | $16424791.35  | 0.35%             | 2025-10-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                | National Bank of Canada                                                                                      | CUSIP: 63307MAG4<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        |    21185000 | PA      | $20842000.02  | 0.44%             | 2026-01-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | PURCHASED TRY / SOLD USD                                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | TR        |           1 | NC      | $312904.95    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JUPITER SEC CO LLC                                     | Jupiter Securitization Co LLC                                                                                | CUSIP: 48207KDL6<br>LEI: 549300764HIS4GLK4733 | Long             | STIV             | CORP              | US        |    15000000 | PA      | $14999833.50  | 0.32%             | 2026-02-11      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| ANZ NEW ZEALAND INTL/LDN                               | ANZ New Zealand Int'l Ltd/London                                                                             | CUSIP: 0018A3EN0<br>LEI: 213800VD256NU2D97H12 | Long             | STIV             | CORP              | AU        |     8301000 | PA      | $8054214.59   | 0.17%             | 2026-05-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                               | OPS09310A SWAPTION                                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              |  | US        |  -571300000 | NC      | $-1777999.86  | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                               | IOP015766 EQO XLV.P USD                                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |    -1268764 | NC      | $-5862931.80  | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| PURE GROVE FUNDING                                     | Pure Grove Funding                                                                                           | CUSIP: 74625TWC6<br>LEI: 5493001D6K5CFMBUWV36 | Long             | STIV             | CORP              | CA        |    17329000 | PA      | $17299577.09  | 0.37%             | 2025-09-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PURE GROVE FUNDING                                     | Pure Grove Funding                                                                                           | CUSIP: 74625TXQ4<br>LEI: 5493001D6K5CFMBUWV36 | Long             | STIV             | CORP              | CA        |    10010000 | PA      | $9942982.05   | 0.21%             | 2025-10-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PARADELLE FUNDING LLC                                  | Paradelle Funding LLC                                                                                        | CUSIP: 69901Q3S4<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     2000000 | PA      | $1999966.40   | 0.04%             | 2026-07-30      | Floating      | 4.68%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                                                          | CUSIP: 91282CFP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     6870900 | PA      | $6870363.25   | 0.15%             | 2025-10-15      | Fixed         | 4.25%                 | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                            | NASDAQ 100 E-MINI SEP25                                                                                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |          24 | NC      | $434542.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| O'REILLY AUTOMOTIVE INC                                | O'Reilly Automotive Inc                                                                                      | CUSIP: 67117GW25<br>LEI: 549300K2RLMQL149Q332 | Long             | STIV             | CORP              | US        |     1500000 | PA      | $1499243.10   | 0.03%             | 2025-09-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                 | American Honda Finance Corp                                                                                  | CUSIP: 02665JW55<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |    13078000 | PA      | $13066531.90  | 0.28%             | 2025-09-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COLLAT CP FLEX CO LLC                                  | Park Avenue Collateralized Notes Co LLC                                                                      | CUSIP: 19421MUV2<br>LEI: 549300QFFTZ0K7V16U14 | Long             | STIV             | CORP              | US        |    13121000 | PA      | $13128337.26  | 0.28%             | 2025-12-02      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Financial Square Government Fund         | Goldman Sachs Financial Square Government Fund                                                               | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | EC               | RF                | US        |   865504167 | NS      | $865504166.76 | 18.34%            |  |  |  | No            |                  1 | On Loan: No      |
| RIDGEFIELD FUNDNG CO LLC                               | Ridgefield Funding Co LLC                                                                                    | CUSIP: 76582JXU3<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    12312000 | PA      | $12223763.59  | 0.26%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES INC                                    | BofA Securities Inc                                                                                          | CUSIP: 06054NYR6<br>LEI: 549300HN4UKV1E2R3U73 | Long             | STIV             | CORP              | US        |     7281000 | PA      | $7204587.36   | 0.15%             | 2025-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| iShares MSCI Mexico ETF                                | iShares MSCI Mexico ETF                                                                                      | CUSIP: 464286822<br>LEI: 549300SQ92O6OZ19G545 | Long             | EC               | RF                | US        |      864052 | NS      | $53519380.88  | 1.13%             |  |  |  | No            |                  1 | On Loan: —       |
| HSBC USA INC                                           | HSBC USA Inc                                                                                                 | CUSIP: 40434PWJ1<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |     4114000 | PA      | $4104009.15   | 0.09%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                             | AbbVie Inc                                                                                                   | CUSIP: 00287BWG0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | STIV             | CORP              | US        |    27389000 | PA      | $27327169.34  | 0.58%             | 2025-09-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bills                                                                                          | CUSIP: 912797PD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    17917800 | PA      | $17642731.67  | 0.37%             | 2026-01-22      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| BANK OF MONTREAL CHICAGO                               | Bank of Montreal/Chicago IL                                                                                  | CUSIP: 06370B3D4<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |     4229000 | PA      | $4230528.95   | 0.09%             | 2026-02-06      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| iShares 7-10 Year Treasury Bond ETF                    | iShares 7-10 Year Treasury Bond ETF                                                                          | CUSIP: 464287440<br>LEI: 549300XS1PPZG92M8L16 | Long             | EC               | RF                | US        |       24247 | NS      | $2331349.05   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                         | Long: ES127607  TRS EUR R E .SXDR INDEX / Short: ES127607  TRS EUR P V 00MESTR ESTRON +32 BPS                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DE               |  | DE        |    39789344 | OU      | $1299799.36   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                            | Long: SR232776  IRS COP R F  8.65000 2 CCPNDFOIS / Short: SR232776  IRS COP P V 00MCPIBR 1 CCPNDFOIS         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        | 50429000000 | OU      | $7723.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CABOT TRAIL FUNDING LLC                                | Cabot Trail Funding LLC                                                                                      | CUSIP: 12710GYA2<br>LEI: 25490002FPRX2W8W9V23 | Long             | STIV             | CORP              | US        |    24500000 | PA      | $24287234.65  | 0.51%             | 2025-11-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                    | Wells Fargo Bank NA                                                                                          | CUSIP: 95001KTH7<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | STIV             | CORP              | US        |    19199000 | PA      | $19203114.35  | 0.41%             | 2026-03-03      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| BAYERISCHE LANDESBANK NY                               | Bayerische Landesbank/New York                                                                               | CUSIP: 0727MDET8<br>LEI: 549300DJ6F1V4GISFC11 | Long             | STIV             | CORP              | DE        |    12924000 | PA      | $12923948.30  | 0.27%             | 2026-04-27      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| TRINITY HEALTH CORP                                    | Trinity Health Corp                                                                                          | CUSIP: 89651JX99<br>LEI: TWSRHFGEDJDX0GKMGJ67 | Long             | STIV             | CORP              | US        |    11000000 | PA      | $10946723.70  | 0.23%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NRW.BANK                                               | NRW Bank                                                                                                     | CUSIP: 62939LWP0<br>LEI: 52990002O5KK6XOGJ020 | Long             | STIV             | CORP              | GE        |     5000000 | PA      | $4985128.50   | 0.11%             | 2025-09-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHARIOT FUNDING LLC                                    | Chariot Funding LLC                                                                                          | CUSIP: 15963WL26<br>LEI: 549300EEWRNP448AMT79 | Long             | STIV             | CORP              | US        |    30000000 | PA      | $30003190.50  | 0.64%             | 2025-12-15      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL CHICAGO                               | Bank of Montreal/Chicago IL                                                                                  | CUSIP: 06370B2T0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |    11311000 | PA      | $11318968.60  | 0.24%             | 2025-12-22      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                 | US 5YR NOTE (CBT) DEC25                                                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        6161 | NC      | $1866401.01   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American Honda Finance Corp                            | American Honda Finance Corp                                                                                  | CUSIP: 02665JXG0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |     4375000 | PA      | $4348621.81   | 0.09%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATL BANK OF KUWAIT NY                                 | National Bank of Kuwait/New York NY                                                                          | CUSIP: 63376F2N9<br>LEI: 549300NB7FE83IH6BW96 | Long             | STIV             | CORP              | KW        |     9000000 | PA      | $9002079.00   | 0.19%             | 2025-12-02      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                            | CITIBANK NA DDCA                                                                                             | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | STIV             | RF                | US        |    23679800 | NS      | $23679800.50  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTPAC BANKING CORP                                   | Westpac Banking Corp                                                                                         | CUSIP: 9612C47D7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        |    20322000 | PA      | $20340619.02  | 0.43%             | 2026-04-10      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| PARADELLE FUNDING LLC                                  | Paradelle Funding LLC                                                                                        | CUSIP: 69901NDM3<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     4583000 | PA      | $4460606.86   | 0.09%             | 2026-04-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STARBIRD FUNDING CORP                                  | Starbird Funding Corp                                                                                        | CUSIP: 85520MB28<br>LEI: 549300A8DDPP6QJBB522 | Long             | STIV             | CORP              | US        |    23500000 | PA      | $23071301.25  | 0.49%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC NY                                   | Barclays Bank PLC/NY                                                                                         | CUSIP: 06745GCK5<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |    15109000 | PA      | $15117087.85  | 0.32%             | 2025-12-31      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                      | STOXX EUROPE 600 SEP25                                                                                       | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |         232 | NC      | $74479.94     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES INC                                    | BofA Securities Inc                                                                                          | CUSIP: 06054NYD7<br>LEI: 549300HN4UKV1E2R3U73 | Long             | STIV             | CORP              | US        |    10000000 | PA      | $9908941.00   | 0.21%             | 2025-11-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dow Chemical Co/The                                    | Dow Chemical Co/The                                                                                          | CUSIP: 26055AWK8<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | STIV             | CORP              | US        |    14897000 | PA      | $14857460.38  | 0.31%             | 2025-09-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nestle Finance International Ltd                       | Nestle Finance International Ltd                                                                             | CUSIP: 64106HA92<br>LEI: 0KLLMNHINTFDRMU6DI05 | Long             | STIV             | CORP              | US        |    25750000 | PA      | $25356313.40  | 0.54%             | 2026-01-09      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                 | American Honda Finance Corp                                                                                  | CUSIP: 02665JYD6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |    12178000 | PA      | $12060783.10  | 0.26%             | 2025-11-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs MLP Energy Infrastructure Fund           | Goldman Sachs MLP Energy Infrastructure Fund                                                                 | CUSIP: 38150C887<br>LEI: 549300QNI1STTSJRLK10 | Long             | EC               | RF                | US        |      124865 | NS      | $4808538.13   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton Inc                   | LVMH Moet Hennessy Louis Vuitton Inc                                                                         | CUSIP: 55078TZN0<br>LEI: 529900YISWVEKZT7CN18 | Long             | STIV             | CORP              | US        |    30000000 | PA      | $29598939.00  | 0.63%             | 2025-12-22      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                             | U.K. Gilts                                                                                                   | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |   104064815 | PA      | $142271499.05 | 3.01%             | 2030-03-07      | Fixed         | 4.38%                 | No            |                  1 | On Loan: No      |
| LVMH MOET HENNESSY VUITT                               | LVMH Moet Hennessy Louis Vuitton SE                                                                          | CUSIP: 50244MCC4<br>LEI: IOG4E947OATN0KJYSD45 | Long             | STIV             | CORP              | FR        |    11051000 | PA      | $10807250.30  | 0.23%             | 2026-03-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PARADELLE FUNDING LLC                                  | Paradelle Funding LLC                                                                                        | CUSIP: 69901Q2P1<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    14870000 | PA      | $14873414.15  | 0.32%             | 2025-11-04      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| MONT BLANC CAPITAL CORP                                | Mont Blanc Capital Corp                                                                                      | CUSIP: 6117P4WG1<br>LEI: 549300NC8BUDZTUFIQ67 | Long             | STIV             | CORP              | US        |    13900000 | PA      | $13869631.28  | 0.29%             | 2025-09-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bills                                                                                          | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |           0 | PA      | $0.00         | 0.00%             | 2025-10-02      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                            | Long: SR232732  IRS COP R F  8.56500 2 CCPNDFOIS / Short: SR232732  IRS COP P V 00MCPIBR 1 CCPNDFOIS         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |  3040000000 | OU      | $-1914.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COLLAT CP FLEX CO LLC                                  | Park Avenue Collateralized Notes Co LLC                                                                      | CUSIP: 19421MVA7<br>LEI: 549300QFFTZ0K7V16U14 | Long             | STIV             | CORP              | US        |    15951000 | PA      | $15953614.85  | 0.34%             | 2025-12-10      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| KOOKMIN BANK/NEW YORK                                  | Kookmin Bank/New York                                                                                        | CUSIP: 48668M6K4<br>LEI: 549300XXMOJSIW8P4769 | Long             | STIV             | CORP              | KR        |    16279000 | PA      | $16280385.34  | 0.34%             | 2025-09-19      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| VERSAILLES COM PAPER LLC                               | Versailles Commercial Paper LLC                                                                              | CUSIP: 92513JSM8<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |      919000 | PA      | $919078.17    | 0.02%             | 2025-10-03      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                 | Macquarie Bank Ltd                                                                                           | CUSIP: 55607NYP9<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |    12593000 | PA      | $12603342.63  | 0.27%             | 2026-01-13      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                               | Long: ES128593  TRS EUR R E .SXDR INDEX / Short: ES128593  TRS EUR P V 00MESTR0 ESTRON +49.5                 | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |    53736031 | OU      | $803203.34    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEL FINANCE AMERICA LLC                               | Enel Finance America LLC                                                                                     | CUSIP: 29279GY76<br>LEI: 549300EGNLVUJX1DEC60 | Long             | STIV             | CORP              | US        |    15452000 | PA      | $15316995.88  | 0.32%             | 2025-11-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bills                                                                                          | CUSIP: 912797RU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    18092300 | PA      | $17749562.18  | 0.38%             | 2026-02-26      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| Alerian MLP ETF                                        | Alerian MLP ETF                                                                                              | CUSIP: 00162Q452<br>LEI: 549300WPBLCQJSVVVV61 | Long             | EC               | RF                | US        |      167620 | NS      | $8163094.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| DEUTSCHE BANK NY                                       | Deutsche Bank AG/New York NY                                                                                 | CUSIP: 25152XWZ9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | STIV             | CORP              | DE        |    10631000 | PA      | $10634138.27  | 0.23%             | 2025-10-21      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | PURCHASED USD / SOLD GBP                                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |           1 | NC      | $-188185.50   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ING (US) FUNDING LLC                                   | ING US Funding LLC                                                                                           | CUSIP: 44988GFY9<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | STIV             | CORP              | US        |     7351000 | PA      | $7352575.32   | 0.16%             | 2025-12-23      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                                                          | CUSIP: 91282CCF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     5253300 | PA      | $5129560.15   | 0.11%             | 2026-05-31      | Fixed         | 0.75%                 | No            |                  1 | On Loan: No      |
| ALBION CAP CORP/LLC                                    | Albion Capital Corp SA / Albion Capital LLC                                                                  | CUSIP: 01329WYH8<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     8351000 | PA      | $8271387.41   | 0.18%             | 2025-11-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Floating Rate Notes                                                                            | CUSIP: 91282CLA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     1567800 | PA      | $1568099.00   | 0.03%             | 2026-07-31      | Floating      | 4.33%                 | No            |                  1 | On Loan: No      |
| HSBC USA INC                                           | HSBC USA Inc                                                                                                 | CUSIP: 40434PXH4<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |      338000 | PA      | $335986.33    | 0.01%             | 2025-10-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                     | CREDIT AGRICOLE SA                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | FR        |    15000000 | PA      | $14969532.90  | 0.32%             | 2025-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PURE GROVE FUNDING                                     | Pure Grove Funding                                                                                           | CUSIP: 74625UA78<br>LEI: 5493001D6K5CFMBUWV36 | Long             | STIV             | CORP              | CA        |    15519000 | PA      | $15280538.15  | 0.32%             | 2026-01-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FIN ST FDG                                 | Brighthouse Financial Short Term Funding LLC                                                                 | CUSIP: 10924HYR9<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    27730000 | PA      | $27436627.69  | 0.58%             | 2025-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Thunder Bay Funding LLC                                | Thunder Bay Funding LLC                                                                                      | CUSIP: 88602UB90<br>LEI: 549300D7DHGDB5EMW139 | Long             | STIV             | CORP              | US        |    16000000 | PA      | $15697414.40  | 0.33%             | 2026-02-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS US CCP                                        | Barclays Bank PLC                                                                                            | CUSIP: 06741FYQ4<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |      935000 | PA      | $925391.47    | 0.02%             | 2025-11-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                   | Targa Resources Corp                                                                                         | CUSIP: 87613EW27<br>LEI: 5493003QENHHS261UR94 | Long             | STIV             | CORP              | US        |     9194000 | PA      | $9189012.26   | 0.19%             | 2025-09-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bills                                                                                          | CUSIP: 912797RG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    24624300 | PA      | $23772393.28  | 0.50%             | 2026-08-06      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| LLOYDS BANK PLC                                        | Lloyds Bank PLC                                                                                              | CUSIP: 53943FX34<br>LEI: H7FNTJ4851HG0EXQ1Z70 | Long             | STIV             | CORP              | GB        |     1000000 | PA      | $995827.50    | 0.02%             | 2025-10-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Osaka Exchange                                         | TOPIX INDX FUTR SEP25                                                                                        | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |          58 | NC      | $846489.07    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer Corp                                             | Bayer Corp                                                                                                   | CUSIP: 07273LWN4<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    15127000 | PA      | $15080939.80  | 0.32%             | 2025-09-22      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                 | IOP014702 EQO. TOPX JPY                                                                                      | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DE               |  | JP        |    -9528481 | NC      | $-968587.03   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                            | Long: SR232781  IRS COP R F  8.66300 2 CCPNDFOIS / Short: SR232781  IRS COP P V 00MCPIBR 1 CCPNDFOIS         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        | 47300000000 | OU      | $12906.90     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | PURCHASED USD / SOLD TRY                                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |           1 | NC      | $-157460.19   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK NY                               | Toronto-Dominion Bank/NY                                                                                     | CUSIP: 89115D5Q5<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |    19051000 | PA      | $19073891.68  | 0.40%             | 2026-04-23      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| UBS AG LONDON                                          | UBS AG/London                                                                                                | CUSIP: 90351WZ32<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | STIV             | CORP              | CH        |    14582000 | PA      | $14415881.86  | 0.31%             | 2025-12-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HANNOVER FUNDING CO LLC                                | Hannover Funding Co LLC                                                                                      | CUSIP: 41068LBK1<br>LEI: 549300Q4LWLYRV25UY62 | Long             | STIV             | CORP              | US        |     7000000 | PA      | $6853298.90   | 0.15%             | 2026-02-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal/Chicago IL                            | Bank of Montreal/Chicago IL                                                                                  | CUSIP: 06367DNK7<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |    14700000 | PA      | $14706188.70  | 0.31%             | 2025-12-17      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                 | US 10YR NOTE (CBT)DEC25                                                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        7751 | NC      | $4466777.28   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GOTHAM FUNDING CORP                                    | Gotham Funding Corp                                                                                          | CUSIP: 38346LY59<br>LEI: 549300Z2ZR7VTUMRPR17 | Long             | STIV             | CORP              | US        |    15000000 | PA      | $14878468.50  | 0.32%             | 2025-11-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JACKSON NTL L SHT TRM FD                               | Jackson National Life Short Term Funding LLC                                                                 | CUSIP: 46850CBD8<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    21599000 | PA      | $21178482.59  | 0.45%             | 2026-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EQUITABLE SHORT TERM FUN                               | Equitable Short Term Funding LLC                                                                             | CUSIP: 29456DC98<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    14000000 | PA      | $13693170.40  | 0.29%             | 2026-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NatWest Markets PLC                                    | NatWest Markets PLC                                                                                          | CUSIP: 63906EY30<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | STIV             | CORP              | GB        |    14000000 | PA      | $13890146.20  | 0.29%             | 2025-11-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                                                          | CUSIP: 91282CKH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    34009000 | PA      | $34101993.53  | 0.72%             | 2026-03-31      | Fixed         | 4.50%                 | No            |                  1 | On Loan: No      |
| EBAY INC                                               | eBay Inc                                                                                                     | CUSIP: 27864AXP5<br>LEI: OML71K8X303XQONU6T67 | Long             | STIV             | CORP              | US        |    16007000 | PA      | $15897196.78  | 0.34%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RWE AG                                                 | RWE AG                                                                                                       | CUSIP: 7497MAWF7<br>LEI: 529900GB7KCA94ACC940 | Long             | STIV             | CORP              | DE        |    15430000 | PA      | $15395800.95  | 0.33%             | 2025-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                                                          | CUSIP: 9128287B0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     3040500 | PA      | $2989666.64   | 0.06%             | 2026-06-30      | Fixed         | 1.88%                 | No            |                  1 | On Loan: No      |
| ABBVIE INC                                             | AbbVie Inc                                                                                                   | CUSIP: 00287BYC7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | STIV             | CORP              | US        |    13813000 | PA      | $13683790.44  | 0.29%             | 2025-11-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                 | iShares Core MSCI Emerging Markets ETF                                                                       | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             | EC               | RF                | US        |      189447 | NS      | $11762764.23  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                               | Long: SR233610  IRS GBP R F  3.81470 2 CCPOIS / Short: SR233610  IRS GBP P V 00MSONIA 1 CCPOIS               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              |  | GB        |   220700000 | OU      | $84358.69     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | PURCHASED GBP / SOLD USD                                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | GB        |           1 | NC      | $-837.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAP HLDGS                               | NextEra Energy Capital Holdings Inc                                                                          | CUSIP: 65339MX68<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | STIV             | CORP              | US        |     5258000 | PA      | $5233064.99   | 0.11%             | 2025-10-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HANNOVER FUNDING CO LLC                                | Hannover Funding Co LLC                                                                                      | CUSIP: 41068LBT2<br>LEI: 549300Q4LWLYRV25UY62 | Long             | STIV             | CORP              | US        |    20000000 | PA      | $19562368.00  | 0.41%             | 2026-02-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OLD LINE FUNDING LLC                                   | Old Line Funding LLC                                                                                         | CUSIP: 67984VLS7<br>LEI: 5493004QSN8OZAIU2J90 | Long             | STIV             | CORP              | US        |    30000000 | PA      | $29999697.00  | 0.64%             | 2025-11-14      | Floating      | 4.67%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL CHICAGO                               | Bank of Montreal/Chicago IL                                                                                  | CUSIP: 06370B4A9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |     7639000 | PA      | $7639507.84   | 0.16%             | 2026-09-08      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| EBAY INC                                               | eBay Inc                                                                                                     | CUSIP: 27864AW92<br>LEI: OML71K8X303XQONU6T67 | Long             | STIV             | CORP              | US        |    27374000 | PA      | $27336262.20  | 0.58%             | 2025-09-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                                    | Charles Schwab Corp/The                                                                                      | CUSIP: 8085A2YE1<br>LEI: 549300VSGCJ7E698NM85 | Long             | STIV             | CORP              | US        |    23775000 | PA      | $23558794.91  | 0.50%             | 2025-11-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG LDN                                   | DEUTSCHE BANK AG LDN                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | DE        |    12000000 | PA      | $11729936.16  | 0.25%             | 2026-03-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ATLANTIC ASSET SEC LLC                                 | Atlantic Asset Securitization LLC                                                                            | CUSIP: 04821PFF5<br>LEI: 549300BUNY5BIX4CVW20 | Long             | STIV             | CORP              | US        |    30000000 | PA      | $30006234.00  | 0.64%             | 2025-11-05      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Korea Development Bank/New York NY                     | Korea Development Bank/New York NY                                                                           | CUSIP: 50066BQ61<br>LEI: 549300ML2LNRZUCS7149 | Long             | STIV             | CORP              | US        |    16791000 | PA      | $16793851.11  | 0.36%             | 2026-02-10      | Variable      | 4.31%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co Inc                        | General Motors Financial Co Inc                                                                              | CUSIP: 37046UDD0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | STIV             | CORP              | US        |    25000000 | PA      | $24327985.00  | 0.52%             | 2026-04-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SANOFI                                                 | Sanofi SA                                                                                                    | CUSIP: 8010M2ZV7<br>LEI: 549300E9PC51EN656011 | Long             | STIV             | CORP              | FR        |    15510000 | PA      | $15292534.29  | 0.32%             | 2025-12-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                      | MINI MDAX FUT SEP25                                                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        1178 | NC      | $-196738.62   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                                                          | CUSIP: 91282CLB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     3687800 | PA      | $3703069.82   | 0.08%             | 2026-07-31      | Fixed         | 4.38%                 | No            |                  1 | On Loan: No      |
| AMERICAN HONDA FINANCE                                 | American Honda Finance Corp                                                                                  | CUSIP: 02665JYA2<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |     6540000 | PA      | $6479508.92   | 0.14%             | 2025-11-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK AG LDN                                   | DEUTSCHE BANK AG LDN                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | CORP              | DE        |     9000000 | PA      | $8995687.11   | 0.19%             | 2025-09-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                               | IOP015767 EQO XLV.P USD                                                                                      | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |      634382 | NC      | $6679439.80   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| SSM HEALTH CARE CORP                                   | SSM Health Care Corp                                                                                         | CUSIP: 78470WXP6<br>LEI: 5493000QP6H63JFPC580 | Long             | STIV             | CORP              | US        |    29000000 | PA      | $28810299.40  | 0.61%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHEVRON CORP                                           | Chevron Corp                                                                                                 | CUSIP: 16677KAT0<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    48550000 | PA      | $47717314.10  | 1.01%             | 2026-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS US CCP                                        | Barclays Bank PLC                                                                                            | CUSIP: 06741EB66<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |    10000000 | PA      | $9812099.00   | 0.21%             | 2026-02-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATL BANK OF KUWAIT NY                                 | National Bank of Kuwait/New York NY                                                                          | CUSIP: 63376FXX3<br>LEI: 549300NB7FE83IH6BW96 | Long             | STIV             | CORP              | KW        |    18400000 | PA      | $18399790.24  | 0.39%             | 2025-12-12      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                            | E-MINI RUSS 2000 SEP25                                                                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |          36 | NC      | $295672.30    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Short Term Funding LLC                       | Equitable Short Term Funding LLC                                                                             | CUSIP: 29456CY70<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    15324000 | PA      | $15197264.39  | 0.32%             | 2025-11-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| iShares Core S&P 500 ETF                               | iShares Core S&P 500 ETF                                                                                     | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |       18032 | NS      | $11690506.24  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America NA                                     | Bank of America NA                                                                                           | CUSIP: 06050TNQ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    12740000 | PA      | $12742595.90  | 0.27%             | 2026-07-09      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                            | Long: SR236189  IRS BRL R F 13.40250 CCPNDFPREDISWAP / Short: SR236189  IRS BRL P V 00MBRCDI CCPNDFPREDISWAP | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   553127483 | OU      | $318058.13    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EQUITABLE SHORT TERM FUN                               | Equitable Short Term Funding LLC                                                                             | CUSIP: 29456CXA4<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     9588000 | PA      | $9540168.34   | 0.20%             | 2025-10-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Floating Rate Notes                                                                            | CUSIP: 91282CJU6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    33193300 | PA      | $33206275.59  | 0.70%             | 2026-01-31      | Floating      | 4.39%                 | No            |                  1 | On Loan: No      |
| VW Credit Inc                                          | VW Credit Inc                                                                                                | CUSIP: 91842JW96<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |     8356000 | PA      | $8344306.61   | 0.18%             | 2025-09-09      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Access Treasury 0-1 Year ETF             | Goldman Sachs Access Treasury 0-1 Year ETF                                                                   | CUSIP: 381430529<br>LEI: 549300Q2J4ZAD8E71F28 | Long             | EC               | RF                | US        |     1410482 | NS      | $141344401.22 | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                                 | RWE AG                                                                                                       | CUSIP: 7497MAWJ9<br>LEI: 529900GB7KCA94ACC940 | Long             | STIV             | CORP              | DE        |    15561000 | PA      | $15520312.65  | 0.33%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PODIUM FUNDING TRUST                                   | Podium Funding Trust                                                                                         | CUSIP: 73044BDF4<br>LEI: N/A                  | Long             | STIV             | CORP              | CA        |     4793000 | PA      | $4793072.85   | 0.10%             | 2025-09-03      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                                   | BAT International Finance PLC                                                                                | CUSIP: 05531MXM5<br>LEI: 21380041YBGOQDFAC823 | Long             | STIV             | CORP              | US        |     9379000 | PA      | $9316896.01   | 0.20%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CABOT TRAIL FUNDING LLC                                | Cabot Trail Funding LLC                                                                                      | CUSIP: 12710GXU9<br>LEI: 25490002FPRX2W8W9V23 | Long             | STIV             | CORP              | US        |     9823000 | PA      | $9752601.51   | 0.21%             | 2025-10-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RIDGEFIELD FUNDNG CO LLC                               | Ridgefield Funding Co LLC                                                                                    | CUSIP: 76582ENQ4<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    14250000 | PA      | $14249952.98  | 0.30%             | 2026-02-02      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| PARADELLE FUNDING LLC                                  | Paradelle Funding LLC                                                                                        | CUSIP: 69901MWQ5<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    11737000 | PA      | $11700061.31  | 0.25%             | 2025-09-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                               | OPS09263A SWAPTION                                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DIR              |  | US        |   571300000 | NC      | $4001099.55   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF NEW YORK MELLON                                | Bank of New York Mellon/The                                                                                  | CUSIP: 06428DAD4<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | STIV             | CORP              | US        |     7344000 | PA      | $7343804.65   | 0.16%             | 2026-03-26      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| SWEDBANK (NEW YORK)                                    | Swedbank AB/New York                                                                                         | CUSIP: 87019WH32<br>LEI: M312WZV08Y7LYUC71685 | Long             | STIV             | CORP              | SE        |    18804000 | PA      | $18825814.52  | 0.40%             | 2026-04-10      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC NY                                   | Barclays Bank PLC/NY                                                                                         | CUSIP: 06745GDP3<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |    15000000 | PA      | $15010471.50  | 0.32%             | 2026-05-08      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Albion Capital Corp SA / Albion Capital LLC            | Albion Capital Corp SA / Albion Capital LLC                                                                  | CUSIP: 01329WYL9<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     8087000 | PA      | $8007180.50   | 0.17%             | 2025-11-20      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                                                          | CUSIP: 91282CKK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     9520200 | PA      | $9573379.27   | 0.20%             | 2026-04-30      | Fixed         | 4.88%                 | No            |                  1 | On Loan: No      |
| Goldman Sachs Energy Infrastructure Fund               | Goldman Sachs Energy Infrastructure Fund                                                                     | CUSIP: 38148U239<br>LEI: 5493004HQKOKO2ODA746 | Long             | EC               | RF                | US        |     1565653 | NS      | $21856509.22  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco DB Commodity Index Tracking Fund               | Invesco DB Commodity Index Tracking Fund                                                                     | CUSIP: 46138B103<br>LEI: 549300HIW8J5DIIYYM41 | Long             | EC               | RF                | US        |      101551 | NS      | $2255447.71   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PODIUM FUNDING TRUST                                   | Podium Funding Trust                                                                                         | CUSIP: 73044DZA7<br>LEI: N/A                  | Long             | STIV             | CORP              | CA        |     4542000 | PA      | $4487073.59   | 0.10%             | 2025-12-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | PURCHASED USD / SOLD TRY                                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |           1 | NC      | $-109468.36   | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TotalEnergies Capital SA                               | TotalEnergies Capital SA                                                                                     | CUSIP: 89152EWG9<br>LEI: 529900QI55ZLJVCMPA71 | Long             | STIV             | CORP              | FR        |    26775000 | PA      | $26716635.86  | 0.57%             | 2025-09-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                           | Broadcom Inc                                                                                                 | CUSIP: 11135MXM3<br>LEI: 549300WV6GIDOZJTV909 | Long             | STIV             | CORP              | US        |    26272000 | PA      | $26097561.80  | 0.55%             | 2025-10-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY & CO. LLC                               | PURCHASED TRY / SOLD USD                                                                                     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | TR        |           1 | NC      | $318864.62    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PODIUM FUNDING TRUST                                   | Podium Funding Trust                                                                                         | CUSIP: 73044BEJ5<br>LEI: N/A                  | Long             | STIV             | CORP              | CA        |     3031000 | PA      | $3030972.11   | 0.06%             | 2025-12-15      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| RIDGEFIELD FUNDNG CO LLC                               | Ridgefield Funding Co LLC                                                                                    | CUSIP: 76582JYC2<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |    25000000 | PA      | $24776562.50  | 0.53%             | 2025-11-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bills                                                                                          | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |     5428900 | PA      | $5270598.05   | 0.11%             | 2026-06-11      | None          | 0.00%                 | No            |                  1 | On Loan: No      |
| CDP FINANCIAL INC                                      | CDP Financial Inc                                                                                            | CUSIP: 12509RYU9<br>LEI: 549300OXMGVYFCBFV096 | Long             | STIV             | CORP              | CA        |    28147000 | PA      | $27845421.78  | 0.59%             | 2025-11-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LANDESBANK HESSEN THURINGEN GI                         | LANDESBANK HESSEN THURINGEN GI                                                                               | CUSIP: 51500XQC2<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |     5036000 | PA      | $5039806.21   | 0.11%             | 2025-12-16      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-01

**Name of Applicant:** GOLDMAN SACHS TRUST

**Signature:** Peter Fortner

**Name of Signer:** Peter Fortner

**Title:** Vice President