# EDGAR Filing Document

**Accession Number:** 0001496608
**File Stem:** 0001410368-25-018022
**Filing Date:** 2025-10
**Character Count:** 378211
**Document Hash:** 61b9f50d8020814ddcbb3e79a5ef41c9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-018022.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001410368-25-018022

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB Active ETFs, Inc.
- **CENTRAL INDEX KEY:** 0001496608

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23799
- **FILM NUMBER:** 251419633

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ALLIANCEBERNSTEIN L.P.
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 212-969-1000

**MAIL ADDRESS:**
- **STREET 1:** C/O ALLIANCEBERNSTEIN L.P.
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AllianceBernstein Active ETFs, Inc.
- **DATE OF NAME CHANGE:** 20100714

## Series and Classes Contracts Data

### AB Core Plus Bond ETF (Series ID: S000082567)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000245883 | AB Core Plus Bond ETF | CPLS            |

## Nport-Ex

**AB Active ETFs, Inc.** 

**AB Core Plus Bond ETF** 

**Portfolio of Investments** 

**August 31, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **GOVERNMENTS – TREASURIES – 43.1%** | **GOVERNMENTS – TREASURIES – 43.1%** | **GOVERNMENTS – TREASURIES – 43.1%** |
|  **United States – 43.1%** | **United States – 43.1%** | **United States – 43.1%** |
|  U.S. Treasury Bonds<br>2.875%, 05/15/2049 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1175 | $831267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/15/2048 | 2500 | 1824902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 02/15/2049 | 51 | 37057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 05/15/2048 | 7562 | 5664411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 11/15/2048 | 2130 | 1663147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/15/2053 | 725 | 635564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/15/2054 | 983 | 880092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/2054 | 64 | 59788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/15/2054 | 700 | 667461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/2055 | 443 | 422580 |
|  U.S. Treasury Notes<br>1.25%, 04/30/2028 | 1414 | 1330707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 12/31/2028 | 7276 | 6772933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 11/15/2031 | 306 | 264308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.50%, 11/30/2028 | 1682 | 1574378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.375%, 03/31/2029 | 7870 | 7542903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 02/15/2029 | 1180 | 1142387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 08/15/2032 | 1001 | 929053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 04/30/2029 | 148 | 144208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/2032 | 1007 | 945518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, 08/31/2029 | 1949 | 1912304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.25%, 06/30/2029 | 3763 | 3711553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 05/31/2030 | 603 | 604460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 11/30/2029 | 4396 | 4432404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 02/15/2026 | 1345 | 1344159 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 10/31/2026 | 419 | 420326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 01/31/2027 | 3204 | 3219645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 01/31/2026 | 679 | 679239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/30/2026 | 1653 | 1661652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/31/2026 | 6170 | 6206393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/30/2029 | 1152 | 1176930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/30/2031 | 608 | 621917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 11/15/2034 | 6759 | 6801772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/2035 | 2299 | 2306184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 05/31/2031 | 4974 | 5184229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 02/15/2035 | 114 | 117879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/31/2028 | 1214 | 1259620 |
|  Total Governments - Treasuries <br>(cost $74,284,721) | Total Governments - Treasuries <br>(cost $74,284,721) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74993330 |
|  **CORPORATES - INVESTMENT GRADE – 34.8%** | **CORPORATES - INVESTMENT GRADE – 34.8%** | **CORPORATES - INVESTMENT GRADE – 34.8%** |
|  **Financial Institutions – 17.6%** | **Financial Institutions – 17.6%** | **Financial Institutions – 17.6%** |
|  **Banking – 11.4%** | **Banking – 11.4%** | **Banking – 11.4%** |
|  Ally Financial, Inc. <br>5.737%, 05/15/2029 | 41 | 42064 |
|  American Express Co.<br>4.351%, 07/20/2029 | 59 | 59290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.731%, 04/25/2029 | 62 | 62952 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.918%, 07/20/2033 | 59 | 59723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.989%, 05/26/2033 | 124 | 124987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.016%, 04/25/2031 | 62 | 63679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.098%, 02/16/2028 | 292 | 295472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.667%, 04/25/2036 | 62 | 64736 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Banco Santander SA<br>2.749%, 12/03/2030 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400 | $360608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.921%, 08/08/2033 | 400 | 440228 |
|  Bank of America Corp.<br>2.496%, 02/13/2031 | 166 | 153246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.687%, 04/22/2032 | 315 | 285714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.972%, 02/04/2033 | 332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.419%, 12/20/2028 | 55 | 54027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.705%, 04/24/2028 | 129 | 127936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.623%, 05/09/2029 | 59 | 59664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.425%, 08/15/2035 | 295 | 297083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.464%, 05/09/2036 | 59 | 60610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.511%, 01/24/2036 | 26 | 26786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.518%, 10/25/2035 | 296 | 298498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.744%, 02/12/2036 | 20 | 20494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.933%, 09/15/2027 | 35 | 35563 |
|  Bank of Montreal<br>4.567%, 09/10/2027 | 126 | 126357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.203%, 02/01/2028 | 61 | 62576 |
|  Bank of New York Mellon Corp. (The)<br>5.188%, 03/14/2035 | 342 | 348368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.474%, 10/25/2034 | 272 | 300671 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series J<br>4.967%, 04/26/2034 | 297 | 300077 |
|  Bank of Nova Scotia (The) <br>4.932%, 02/14/2029 | 20 | 20338 |
|  Barclays PLC <br>7.119%, 06/27/2034 | 323 | 356980 |
|  Canadian Imperial Bank of Commerce<br>4.857%, 03/30/2029 | 63 | 63925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.245%, 01/13/2031 | 25 | 25799 |
|  Capital One Financial Corp.<br>5.468%, 02/01/2029 | 250 | 256615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.377%, 06/08/2034 | 282 | 302755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.964%, 11/02/2034 | 291 | 340223 |
|  Citigroup, Inc.<br>2.976%, 11/05/2030 | 376 | 355380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.52%, 10/27/2028 | 118 | 116184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.887%, 01/10/2028 | 121 | 120302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.542%, 09/19/2030 | 298 | 299341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.658%, 05/24/2028 | 52 | 52307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.786%, 03/04/2029 | 60 | 60775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.316%, 03/26/2041 | 82 | 80179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.333%, 03/27/2036 | 31 | 31325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.827%, 02/13/2035 | 288 | 295413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.174%, 05/25/2034 | 286 | 301092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.27%, 11/17/2033 | 29 | 31433 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series VAR<br>3.07%, 02/24/2028 | 30 | 29465 |
|  Citizens Financial Group, Inc.<br>5.253%, 03/05/2031 | 36 | 36820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.841%, 01/23/2030 | 118 | 122751 |
|  Comerica, Inc. <br>5.982%, 01/30/2030 | 287 | 297630 |
|  Goldman Sachs Group, Inc. (The)<br>1.542%, 09/10/2027 | 14 | 13606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.948%, 10/21/2027 | 60 | 58406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.383%, 07/21/2032 | 403 | 356877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.615%, 04/22/2032 | 336 | 303257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.65%, 10/21/2032 | 257 | 229486 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.615%, 03/15/2028 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129 | $127634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.017%, 10/31/2038 | 173 | 152128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.937%, 04/23/2028 | 33 | 33337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.049%, 07/23/2030 | 24 | 24566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.207%, 01/28/2031 | 95 | 97851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.218%, 04/23/2031 | 62 | 64014 |
|  HSBC Holdings PLC<br>2.357%, 08/18/2031 | 374 | 337527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.874%, 11/18/2035 | 320 | 328096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 09/15/2037 | 182 | 192747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.80%, 06/01/2038 | 326 | 358147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.399%, 11/13/2034 | 313 | 352685 |
|  Huntington Bancshares, Inc./OH <br>5.709%, 02/02/2035 | 288 | 297599 |
|  JPMorgan Chase & Co.<br>1.47%, 09/22/2027 | 56 | 54398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.963%, 01/25/2033 | 331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.782%, 02/01/2028 | 129 | 128218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.323%, 04/26/2028 | 53 | 53065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.04%, 01/23/2028 | 46 | 46486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.103%, 04/22/2031 | 61 | 62926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.14%, 01/24/2031 | 26 | 26808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.502%, 01/24/2036 | 26 | 26853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.571%, 04/22/2028 | 22 | 22469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.576%, 07/23/2036 | 60 | 61247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.581%, 04/22/2030 | 68 | 71010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.717%, 09/14/2033 | 284 | 297368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.766%, 04/22/2035 | 20 | 21130 |
|  M&T Bank Corp. <br>5.179%, 07/08/2031 | 60 | 61323 |
|  Macquarie Bank Ltd. <br>5.642%, 08/13/2036<sup>(a)</sup> | 200 | 201450 |
|  Morgan Stanley<br>2.475%, 01/21/2028 | 48 | 46847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.994%, 04/12/2029 | 61 | 62132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.042%, 07/19/2030 | 25 | 25613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.192%, 04/17/2031 | 61 | 62895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.23%, 01/15/2031 | 26 | 26827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 04/21/2034 | 185 | 188944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.297%, 04/20/2037 | 86 | 86516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.32%, 07/19/2035 | 161 | 164032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.449%, 07/20/2029 | 84 | 86705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.587%, 01/18/2036 | 26 | 26879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.652%, 04/13/2028 | 76 | 77634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.656%, 04/18/2030 | 14 | 14609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.664%, 04/17/2036 | 61 | 63486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.831%, 04/19/2035 | 24 | 25302 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series G<br>2.239%, 07/21/2032 | 344 | 302139 |
|  National Australia Bank Ltd.<br>2.332%, 08/21/2030<sup>(a)</sup> | 397 | 356681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.99%, 05/21/2031<sup>(a)</sup> | 394 | 358875 |
|  PNC Financial Services Group, Inc. (The)<br>4.626%, 06/06/2033 | 309 | 304078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.899%, 05/13/2031 | 59 | 60172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.222%, 01/29/2031 | 24 | 24798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 01/21/2028 | 125 | 126874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, 07/21/2036 | 148 | 150332 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.575%, 01/29/2036 | $| 24 | $| 24749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.939%, 08/18/2034 |  | 98 |  | 104178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.615%, 10/20/2027 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122 |  | 125074 |
|  Royal Bank of Canada |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series G<br>4.715%, 03/27/2028 |  | 63 |  | 63530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.965%, 01/24/2029 |  | 26 |  | 26466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 05/02/2031 |  | 63 |  | 64494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.153%, 02/04/2031 |  | 26 |  | 26772 |
|  Santander Holdings USA, Inc.<br>5.473%, 03/20/2029 |  | 68 |  | 69590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.741%, 03/20/2031 |  | 31 |  | 32219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.174%, 01/09/2030 |  | 260 |  | 272683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.499%, 03/09/2029 |  | 219 |  | 229308 |
|  Skandinaviska Enskilda Banken AB <br>4.50%, 09/03/2030<sup>(a)</sup> |  | 200 |  | 200472 |
|  State Street Corp.<br>4.536%, 02/28/2028 |  | 60 |  | 60828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.543%, 04/24/2028 |  | 23 |  | 23162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.729%, 02/28/2030 |  | 60 |  | 61340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.821%, 01/26/2034 |  | 296 |  | 296761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.834%, 04/24/2030 |  | 62 |  | 63623 |
|  Synchrony Financial<br>5.935%, 08/02/2030 |  | 10 |  | 10359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.25%, 02/02/2033 |  | 329 |  | 346809 |
|  Toronto-Dominion Bank (The)<br>4.574%, 06/02/2028 |  | 59 |  | 59697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.808%, 06/03/2030 |  | 59 |  | 60202 |
|  Truist Financial Corp. <br>5.071%, 05/20/2031 |  | 59 |  | 60393 |
|  US Bancorp<br>4.839%, 02/01/2034 |  | 299 |  | 297275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.967%, 07/22/2033 |  | 298 |  | 296042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.046%, 02/12/2031 |  | 20 |  | 20504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.083%, 05/15/2031 |  | 60 |  | 61672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 07/23/2030 |  | 25 |  | 25706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.787%, 10/26/2027 |  | 121 |  | 124375 |
|  Wells Fargo & Co.<br>3.35%, 03/02/2033 |  | 326 |  | 300624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.584%, 05/22/2028 |  | 5 |  | 4946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.808%, 07/25/2028 |  | 51 |  | 51551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.97%, 04/23/2029 |  | 62 |  | 63169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 04/23/2031 |  | 62 |  | 63867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.244%, 01/24/2031 |  | 118 |  | 121849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.574%, 07/25/2029 |  | 284 |  | 294375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.605%, 04/23/2036 |  | 21 |  | 21789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.707%, 04/22/2028 |  | 76 |  | 77719 |
|  Wells Fargo Bank NA <br>5.95%, 08/26/2036 |  | 333 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352337 |
|  |  |  |  | 19893944 |
|  **Brokerage – 0.9%** | **Brokerage – 0.9%** | **Brokerage – 0.9%** | **Brokerage – 0.9%** | **Brokerage – 0.9%** |
|  BGC Group, Inc. <br>6.15%, 04/02/2030<sup>(a)</sup> |  | 55 |  | 56256 |
|  Blackstone Holdings Finance Co. LLC <br>2.50%, 01/10/2030<sup>(a)</sup> |  | 384 |  | 357343 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Blue Owl Finance LLC <br>6.25%, 04/18/2034 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;336 | $| 350508 |
|  CI Financial Corp.<br>3.20%, 12/17/2030 |  | 395 |  | 355267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.50%, 05/30/2029<sup>(a)</sup> |  | 332 |  | 352202 |
|  LPL Holdings, Inc. <br>5.20%, 03/15/2030 |  | 60 |  | 61306 |
|  |  |  |  | 1532882 |
|  **Finance – 0.8%** | **Finance – 0.8%** | **Finance – 0.8%** | **Finance – 0.8%** | **Finance – 0.8%** |
|  Ares Capital Corp.<br>5.50%, 09/01/2030 |  | 59 |  | 59762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 03/08/2032 |  | 25 |  | 25365 |
|  Blue Owl Credit Income Corp.<br>5.80%, 03/15/2030 |  | 25 |  | 25310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.60%, 09/15/2029 |  | 172 |  | 178761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.65%, 03/15/2031 |  | 122 |  | 127479 |
|  Brookfield Finance, Inc. <br>5.33%, 01/15/2036 |  | 66 |  | 65578 |
|  FS KKR Capital Corp.<br>6.125%, 01/15/2030 |  | 25 |  | 24832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, 08/15/2029 |  | 24 |  | 24507 |
|  Golub Capital Private Credit Fund<br>5.45%, 08/15/2028<sup>(a)</sup> |  | 60 |  | 60227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, 05/01/2030 |  | 56 |  | 56780 |
|  HA Sustainable Infrastructure Capital, Inc. <br>6.75%, 07/15/2035 |  | 60 |  | 60646 |
|  HPS Corporate Lending Fund<br>5.30%, 06/05/2027<sup>(a)</sup> |  | 55 |  | 55289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 06/05/2030<sup>(a)</sup> |  | 55 |  | 55898 |
|  Main Street Capital Corp. <br>5.40%, 08/15/2028 |  | 66 |  | 66288 |
|  Morgan Stanley Direct Lending Fund <br>6.00%, 05/19/2030 |  | 60 |  | 61329 |
|  Oaktree Specialty Lending Corp. <br>6.34%, 02/27/2030 |  | 59 |  | 59531 |
|  Oaktree Strategic Credit Fund <br>6.19%, 07/15/2030 <sup>(a)</sup> |  | 60 |  | 60959 |
|  Sixth Street Lending Partners<br>5.75%, 01/15/2030 |  | 25 |  | 25362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 07/15/2030<sup>(a)</sup> |  | 25 |  | 25783 |
|  Sixth Street Specialty Lending, Inc. <br>5.625%, 08/15/2030 |  | 59 |  | 59698 |
|  USAA Capital Corp. <br>4.375%, 06/01/2028<sup>(a)</sup> |  | 150 |  | 151428 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1330812 |
|  **Financial Services – 0.2%** | **Financial Services – 0.2%** | **Financial Services – 0.2%** | **Financial Services – 0.2%** | **Financial Services – 0.2%** |
|  Lincoln Financial Global Funding <br>4.625%, 08/18/2030<sup>(a)</sup> |  | 69 |  | 69448 |
|  Omnis Funding Trust <br>6.722%, 05/15/2055<sup>(a)</sup> |  | 289 |  | 298239 |
|  Sammons Financial Group Global Funding<br>4.95%, 06/12/2030<sup>(a)</sup> |  | 60 |  | 60877 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  5.05%, 01/10/2028<sup>(a)</sup> | $| 25 | $| 25445 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;454009 |
|  **Insurance – 3.6%** | **Insurance – 3.6%** | **Insurance – 3.6%** | **Insurance – 3.6%** | **Insurance – 3.6%** |
|  American National Global Funding <br>5.25%, 06/03/2030<sup>(a)</sup> |  | 59 |  | 60097 |
|  Athene Global Funding <br>5.583%, 01/09/2029<sup>(a)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286 |  | 295778 |
|  Athene Holding Ltd.<br>3.95%, 05/25/2051 |  | 403 |  | 283740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 04/01/2054 |  | 135 |  | 132979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, 05/19/2055 |  | 60 |  | 61795 |
|  Brighthouse Financial, Inc. <br>4.70%, 06/22/2047 |  | 461 |  | 344653 |
|  Brown & Brown, Inc.<br>4.60%, 12/23/2026 |  | 60 |  | 60292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 06/23/2028 |  | 60 |  | 60599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/23/2030 |  | 60 |  | 60775 |
|  Centene Corp.<br>2.50%, 03/01/2031 |  | 416 |  | 354711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 08/01/2031 |  | 417 |  | 353645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 10/15/2030 |  | 165 |  | 145890 |
|  Corebridge Global Funding<br>4.85%, 06/06/2030<sup>(a)</sup> |  | 59 |  | 60008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/07/2028<sup>(a)</sup> |  | 25 |  | 25432 |
|  Fairfax Financial Holdings Ltd.<br>5.75%, 05/20/2035<sup>(a)</sup> |  | 59 |  | 60286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 03/15/2055 |  | 302 |  | 298693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 03/22/2054 |  | 327 |  | 332431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 05/20/2055<sup>(a)</sup> |  | 59 |  | 60774 |
|  Farmers Exchange Capital III <br>5.454%, 10/15/2054<sup>(a)</sup> |  | 330 |  | 303702 |
|  GA Global Funding Trust <br>5.50%, 04/01/2032<sup>(a)</sup> |  | 150 |  | 153729 |
|  Guardian Life Global Funding <br>4.798%, 04/28/2030<sup>(a)</sup> |  | 62 |  | 63286 |
|  Jackson National Life Global Funding <br>4.70%, 06/05/2028<sup>(a)</sup> |  | 150 |  | 151315 |
|  National Life Insurance Co. <br>5.25%, 07/19/2068<sup>(a)</sup> |  | 208 |  | 168185 |
|  New York Life Global Funding<br>4.15%, 07/25/2028<sup>(a)</sup> |  | 59 |  | 59207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 04/25/2028<sup>(a)</sup> |  | 62 |  | 62660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/03/2030<sup>(a)</sup> |  | 59 |  | 59913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 01/23/2035<sup>(a)</sup> |  | 25 |  | 25848 |
|  Northwestern Mutual Global Funding<br>4.125%, 08/25/2028<sup>(a)</sup> |  | 71 |  | 71272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 06/03/2030<sup>(a)</sup> |  | 59 |  | 59986 |
|  Northwestern Mutual Life Insurance Co. (The) <br>6.17%, 05/29/2055<sup>(a)</sup> |  | 60 |  | 62709 |
|  Pacific Life Global Funding II <br>4.45%, 05/01/2028<sup>(a)</sup> |  | 62 |  | 62702 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Pricoa Global Funding I<br>4.70%, 05/28/2030<sup>(a)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150 | $| 152398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 08/26/2032<sup>(a)</sup> |  | 150 |  | 150903 |
|  Principal Life Global Funding II<br>4.25%, 08/18/2028<sup>(a)</sup> |  | 69 |  | 69144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/09/2028<sup>(a)</sup> |  | 130 |  | 131875 |
|  Protective Life Global Funding <br>4.803%, 06/05/2030<sup>(a)</sup> |  | 150 |  | 152605 |
|  Prudential Financial, Inc.<br>4.50%, 09/15/2047 |  | 301 |  | 296425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 09/15/2048 |  | 292 |  | 296844 |
|  RGA Global Funding<br>4.35%, 08/25/2028<sup>(a)</sup> |  | 71 |  | 71178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/25/2032<sup>(a)</sup> |  | 71 |  | 71336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/09/2030<sup>(a)</sup> |  | 25 |  | 25837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.448%, 05/24/2029<sup>(a)</sup> |  | 24 |  | 24903 |
|  Teachers Insurance & Annuity Association of America <br>3.30%, 05/15/2050<sup>(a)</sup> |  | 193 |  | 127837 |
|  Trustage Financial Group, Inc. <br>4.625%, 04/15/2032<sup>(a)</sup> |  | 370 |  | 351467 |
|  Western-Southern Global Funding <br>4.50%, 07/16/2028<sup>(a)</sup> |  | 60 |  | 60417 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6340261 |
|  **REITs – 0.7%** | **REITs – 0.7%** | **REITs – 0.7%** | **REITs – 0.7%** | **REITs – 0.7%** |
|  American Homes 4 Rent LP <br>4.95%, 06/15/2030 |  | 59 |  | 60065 |
|  American Tower Corp. <br>4.90%, 03/15/2030 |  | 65 |  | 66308 |
|  CBRE Services, Inc.<br>4.80%, 06/15/2030 |  | 62 |  | 62895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 08/15/2034 |  | 280 |  | 296834 |
|  Cousins Properties LP <br>5.25%, 07/15/2030 |  | 59 |  | 60546 |
|  Extra Space Storage LP <br>4.95%, 01/15/2033 |  | 70 |  | 70209 |
|  Invitation Homes Operating Partnership LP <br>4.95%, 01/15/2033 |  | 67 |  | 66900 |
|  Omega Healthcare Investors, Inc. <br>5.20%, 07/01/2030 |  | 11 |  | 11158 |
|  Phillips Edison Grocery Center Operating Partnership I LP <br>5.25%, 08/15/2032 |  | 60 |  | 61163 |
|  Public Storage Operating Co. <br>4.375%, 07/01/2030 |  | 60 |  | 60312 |
|  Simon Property Group LP <br>4.375%, 10/01/2030 |  | 67 |  | 67169 |
|  Ventas Realty LP <br>5.10%, 07/15/2032 |  | 55 |  | 56252 |
|  VICI Properties LP <br>4.75%, 04/01/2028 |  | 55 |  | 55609 |
|  WEA Finance LLC <br>2.875%, 01/15/2027<sup>(a)</sup> |  | 133 |  | 130086 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  WP Carey, Inc. <br>4.65%, 07/15/2030 | $| 39 | $| 39219 |
|  |  |  |  | 1164725 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30716633 |
|  **Industrial – 15.1%** | **Industrial – 15.1%** | **Industrial – 15.1%** | **Industrial – 15.1%** | **Industrial – 15.1%** |
|  **Basic – 0.9%** | **Basic – 0.9%** | **Basic – 0.9%** | **Basic – 0.9%** | **Basic – 0.9%** |
|  CF Industries, Inc. <br>4.50%, 12/01/2026<sup>(a)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127 |  | 127202 |
|  EIDP, Inc. <br>5.125%, 05/15/2032 |  | 60 |  | 61637 |
|  Glencore Funding LLC<br>4.907%, 04/01/2028<sup>(a)</sup> |  | 63 |  | 63979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.186%, 04/01/2030<sup>(a)</sup> |  | 29 |  | 29785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.338%, 04/04/2027<sup>(a)</sup> |  | 293 |  | 297445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.673%, 04/01/2035<sup>(a)</sup> |  | 63 |  | 64358 |
|  Nutrien Ltd. <br>4.50%, 03/12/2027 |  | 30 |  | 30144 |
|  Precision Castparts Corp. <br>3.90%, 01/15/2043 |  | 364 |  | 297916 |
|  Rio Tinto Finance USA PLC<br>4.875%, 03/14/2030 |  | 65 |  | 66637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/14/2032 |  | 65 |  | 66613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 03/14/2035 |  | 65 |  | 66190 |
|  South32 Treasury Ltd. <br>4.35%, 04/14/2032<sup>(a)</sup> |  | 372 |  | 354244 |
|  |  |  |  | 1526150 |
|  **Capital Goods – 1.0%** | **Capital Goods – 1.0%** | **Capital Goods – 1.0%** | **Capital Goods – 1.0%** | **Capital Goods – 1.0%** |
|  Caterpillar Financial Services Corp.<br>4.50%, 01/07/2027 |  | 25 |  | 25186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 01/08/2030 |  | 25 |  | 25782 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series K 4.10%, 08/15/2028 |  | 69 |  | 69241 |
|  CNH Industrial Capital LLC <br>4.75%, 03/21/2028 |  | 46 |  | 46517 |
|  General Electric Co.<br>4.30%, 07/29/2030 |  | 59 |  | 59280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 01/29/2036 |  | 25 |  | 25099 |
|  John Deere Capital Corp.<br>4.375%, 10/15/2030 |  | 59 |  | 59431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 01/08/2027 |  | 25 |  | 25181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 01/07/2028 |  | 25 |  | 25431 |
|  Johnson Controls International PLC/Tyco Fire & Security Finance SCA <br>2.00%, 09/16/2031 |  | 409 |  | 353985 |
|  LBJ Infrastructure Group LLC <br>3.797%, 12/31/2057<sup>(a)</sup> |  | 302 |  | 203953 |
|  Lockheed Martin Corp.<br>4.15%, 08/15/2028 |  | 60 |  | 60311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 08/15/2030 |  | 60 |  | 60482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/15/2035 |  | 60 |  | 60337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 11/15/2063 |  | 62 |  | 63349 |
|  Northrop Grumman Corp. <br>5.25%, 07/15/2035 |  | 19 |  | 19413 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Republic Services, Inc.<br>4.75%, 07/15/2030 | $| 65 | $| 66702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/15/2035 |  | 65 |  | 66386 |
|  RTX Corp.<br>3.125%, 05/04/2027 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131 |  | 128972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 03/15/2027 |  | 129 |  | 127857 |
|  Westinghouse Air Brake Technologies Corp.<br>3.45%, 11/15/2026 |  | 129 |  | 127758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 05/29/2030 |  | 60 |  | 61310 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1761963 |
|  **Communications - Media – 0.6%** | **Communications - Media – 0.6%** | **Communications - Media – 0.6%** | **Communications - Media – 0.6%** | **Communications - Media – 0.6%** |
|  Charter Communications Operating LLC/Charter Communications Operating Capital <br>5.85%, 12/01/2035 |  | 37 |  | 37074 |
|  Cox Communications, Inc. <br>4.50%, 06/30/2043<sup>(a)</sup> |  | 181 |  | 141924 |
|  DIRECTV Financing LLC <br>8.875%, 02/01/2030<sup>(a)</sup> |  | 357 |  | 354826 |
|  DIRECTV Financing LLC/Directv Financing Co-Obligor, Inc. <br>10.00%, 02/15/2031<sup>(a)</sup> |  | 349 |  | 346397 |
|  Meta Platforms, Inc.<br>5.55%, 08/15/2064 |  | 84 |  | 81054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 05/15/2063 |  | 104 |  | 103591 |
|  |  |  |  | 1064866 |
|  **Communications - Telecommunications – 0.3%** | **Communications - Telecommunications – 0.3%** | **Communications - Telecommunications – 0.3%** | **Communications - Telecommunications – 0.3%** | **Communications - Telecommunications – 0.3%** |
|  AT&T, Inc.<br>2.30%, 06/01/2027 |  | 135 |  | 130752 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 08/15/2030 |  | 59 |  | 59858 |
|  T-Mobile USA, Inc.<br>2.625%, 02/15/2029 |  | 10 |  | 9478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 04/15/2027 |  | 130 |  | 129136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 05/15/2035 |  | 63 |  | 63601 |
|  Verizon Communications, Inc. <br>5.25%, 04/02/2035 |  | 63 |  | 63501 |
|  |  |  |  | 456326 |
|  **Consumer Cyclical - Automotive – 1.8%** | **Consumer Cyclical - Automotive – 1.8%** | **Consumer Cyclical - Automotive – 1.8%** | **Consumer Cyclical - Automotive – 1.8%** | **Consumer Cyclical - Automotive – 1.8%** |
|  American Honda Finance Corp.<br>4.55%, 07/09/2027 |  | 60 |  | 60460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 07/09/2032 |  | 60 |  | 61147 |
|  BMW US Capital LLC<br>4.15%, 08/11/2027<sup>(a)</sup> |  | 70 |  | 70047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/11/2030<sup>(a)</sup> |  | 70 |  | 70031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 03/19/2027<sup>(a)</sup> |  | 65 |  | 65519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 03/21/2028<sup>(a)</sup> |  | 65 |  | 66014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/21/2030<sup>(a)</sup> |  | 61 |  | 62726 |
|  Ford Motor Co.<br>3.25%, 02/12/2032 |  | 410 |  | 351313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 01/15/2043 |  | 397 |  | 306948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.291%, 12/08/2046 |  | 110 |  | 89506 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Ford Motor Credit Co. LLC <br>7.20%, 06/10/2030 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;335 | $| 355860 |
|  General Motors Financial Co., Inc.<br>5.00%, 07/15/2027 |  | 59 |  | 59651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 07/15/2030 |  | 59 |  | 60605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.90%, 01/07/2035 |  | 25 |  | 25381 |
|  Honda Motor Co., Ltd. <br>4.436%, 07/08/2028 |  | 60 |  | 60341 |
|  Hyundai Capital America<br>4.30%, 09/24/2027<sup>(a)</sup> |  | 25 |  | 24978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 09/26/2029<sup>(a)</sup> |  | 17 |  | 17010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 03/25/2027<sup>(a)</sup> |  | 63 |  | 63507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 06/24/2030<sup>(a)</sup> |  | 54 |  | 55107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 03/27/2030<sup>(a)</sup> |  | 63 |  | 64349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 03/19/2027<sup>(a)</sup> |  | 167 |  | 169288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 06/24/2029<sup>(a)</sup> |  | 25 |  | 25661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/19/2029<sup>(a)</sup> |  | 9 |  | 9242 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 03/29/2032<sup>(a)</sup> |  | 63 |  | 64653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 09/21/2028<sup>(a)</sup> |  | 179 |  | 187195 |
|  Mercedes-Benz Finance North America LLC <br>4.65%, 04/01/2027<sup>(a)</sup> |  | 150 |  | 151072 |
|  PACCAR Financial Corp. <br>4.00%, 08/08/2028 |  | 70 |  | 70176 |
|  Stellantis Finance US, Inc. <br>6.45%, 03/18/2035<sup>(a)</sup> |  | 301 |  | 303357 |
|  Toyota Motor Corp. <br>4.45%, 06/30/2030 |  | 60 |  | 60594 |
|  Toyota Motor Credit Corp.<br>4.50%, 05/14/2027 |  | 60 |  | 60506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 05/15/2030 |  | 60 |  | 61391 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3153635 |
|  **Consumer Cyclical - Entertainment – 0.1%** | **Consumer Cyclical - Entertainment – 0.1%** | **Consumer Cyclical - Entertainment – 0.1%** | **Consumer Cyclical - Entertainment – 0.1%** | **Consumer Cyclical - Entertainment – 0.1%** |
|  Royal Caribbean Cruises Ltd.<br>5.375%, 07/15/2027<sup>(a)</sup> |  | 72 |  | 72590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 08/31/2026<sup>(a)</sup> |  | 126 |  | 126499 |
|  |  |  |  | 199089 |
|  **Consumer Cyclical - Other – 0.5%** | **Consumer Cyclical - Other – 0.5%** | **Consumer Cyclical - Other – 0.5%** | **Consumer Cyclical - Other – 0.5%** | **Consumer Cyclical - Other – 0.5%** |
|  Las Vegas Sands Corp. <br>5.625%, 06/15/2028 |  | 44 |  | 45014 |
|  Marriott International, Inc./MD<br>4.20%, 07/15/2027 |  | 71 |  | 71110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/2031 |  | 71 |  | 70418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 04/15/2029 |  | 293 |  | 298652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series GG 3.50%, 10/15/2032 |  | 30 |  | 27510 |
|  MDC Holdings, Inc. <br>6.00%, 01/15/2043 |  | 320 |  | 292739 |
|  |  |  |  | 805443 |
|  **Consumer Cyclical - Restaurants – 0.1%** | **Consumer Cyclical - Restaurants – 0.1%** | **Consumer Cyclical - Restaurants – 0.1%** | **Consumer Cyclical - Restaurants – 0.1%** | **Consumer Cyclical - Restaurants – 0.1%** |
|  McDonald's Corp. |  |  |  |  |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/12/2031 | $| 71 | $| 71249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 05/15/2030 |  | 65 |  | 66089 |
|  Starbucks Corp. <br>4.50%, 05/15/2028 |  | 59 |  | 59613 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;196951 |
|  **Consumer Cyclical - Retailers – 0.2%** | **Consumer Cyclical - Retailers – 0.2%** | **Consumer Cyclical - Retailers – 0.2%** | **Consumer Cyclical - Retailers – 0.2%** | **Consumer Cyclical - Retailers – 0.2%** |
|  7-Eleven, Inc. <br>1.30%, 02/10/2028<sup>(a)</sup> |  | 144 |  | 134325 |
|  Alimentation Couche-Tard, Inc. <br>3.55%, 07/26/2027<sup>(a)</sup> |  | 130 |  | 128447 |
|  AutoZone, Inc. <br>5.125%, 06/15/2030 |  | 36 |  | 37155 |
|  Walmart, Inc.<br>4.10%, 04/28/2027 |  | 62 |  | 62284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.35%, 04/28/2030 |  | 62 |  | 62892 |
|  |  |  |  | 425103 |
|  **Consumer Non-Cyclical - 4.1%** | **Consumer Non-Cyclical - 4.1%** | **Consumer Non-Cyclical - 4.1%** | **Consumer Non-Cyclical - 4.1%** | **Consumer Non-Cyclical - 4.1%** |
|  Altria Group, Inc.<br>3.40%, 02/04/2041 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398 |  | 298516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 08/09/2042 |  | 247 |  | 202241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 08/06/2030 |  | 70 |  | 69974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/06/2035 |  | 70 |  | 69917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 02/14/2049 |  | 288 |  | 286788 |
|  BAT Capital Corp.<br>2.259%, 03/25/2028 |  | 55 |  | 52379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.282%, 04/02/2050 |  | 335 |  | 295795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 08/15/2032 |  | 41 |  | 42198 |
|  Bristol-Myers Squibb Co. <br>5.65%, 02/22/2064 |  | 122 |  | 116766 |
|  Bunge Ltd. Finance Corp. <br>4.55%, 08/04/2030 |  | 69 |  | 69371 |
|  Cardinal Health, Inc.<br>4.50%, 09/15/2030 |  | 66 |  | 66110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 09/15/2035 |  | 66 |  | 65532 |
|  Cargill, Inc.<br>4.625%, 02/11/2028<sup>(a)</sup> |  | 20 |  | 20289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 02/11/2035<sup>(a)</sup> |  | 20 |  | 20393 |
|  Conagra Brands, Inc. <br>5.00%, 08/01/2030 |  | 60 |  | 60548 |
|  Constellation Brands, Inc. <br>4.80%, 05/01/2030 |  | 62 |  | 62876 |
|  CVS Health Corp.<br>5.00%, 09/15/2032 |  | 69 |  | 69305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.45%, 09/15/2035 |  | 69 |  | 69163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 09/15/2055 |  | 69 |  | 67963 |
|  Dentsply Sirona, Inc. <br>3.25%, 06/01/2030 |  | 329 |  | 302256 |
|  Eli Lilly & Co.<br>4.00%, 10/15/2028 |  | 71 |  | 71172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/2031 |  | 71 |  | 71173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/12/2028 |  | 66 |  | 66996 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 10/15/2032 |  | 71 |  | 71381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 02/12/2030 |  | 200 |  | 205686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 10/15/2035 |  | 71 |  | 71319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/09/2064 |  | 37 |  | 33666 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 08/14/2064 | $13 | $12018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 10/15/2055 | 71 | 70509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 10/15/2065 | 71 | 70470 |
|  HCA, Inc. <br>5.00%, 03/01/2028 | 59 | 60033 |
|  Japan Tobacco, Inc.<br>4.85%, 05/15/2028<sup>(a)</sup> | 150 | 152542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 06/15/2030<sup>(a)</sup> | 150 | 155457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 06/15/2035<sup>(a)</sup> | 150 | 158335 |
|  Johnson & Johnson<br>4.85%, 03/01/2032 | 59 | 61100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/2035 | 59 | 60651 |
|  Keurig Dr. Pepper, Inc. <br>4.60%, 05/15/2030 | 62 | 62027 |
|  Kraft Heinz Foods Co. <br>5.20%, 03/15/2032 | 59 | 60195 |
|  Mars, Inc. 3.60%, 04/01/2034<sup>(a)</sup> | 360 | 326171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 03/01/2027<sup>(a)</sup> | 67 | 67403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 03/01/2028<sup>(a)</sup> | 39 | 39468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 03/01/2030<sup>(a)</sup> | 67 | 68284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 03/01/2032<sup>(a)</sup> | 67 | 68343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 03/01/2035<sup>(a)</sup> | 67 | 67604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 05/01/2045<sup>(a)</sup> | 67 | 66042 |
|  McKesson Corp. 4.65%, 05/30/2030 | 60 | 60976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 05/30/2032 | 60 | 61182 |
|  New York & Presbyterian Hospital (The) <br>Series 2019 <br>3.954%, 08/01/2119 | 450 | 304254 |
|  NYU Langone Hospitals <br>4.368%, 07/01/2047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123837 |
|  PepsiCo, Inc.<br>4.30%, 07/23/2030 | 59 | 59342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.40%, 02/07/2027 | 20 | 20144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.45%, 02/07/2028 | 20 | 20269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 02/07/2030 | 20 | 20446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 07/23/2032 | 59 | 59704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/07/2035 | 20 | 20308 |
|  Philip Morris International, Inc.<br>2.10%, 05/01/2030 | 144 | 130959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 04/28/2028 | 62 | 62094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 04/30/2030 | 62 | 62303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/15/2041 | 61 | 53162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 04/30/2035 | 62 | 61407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/13/2034 | 196 | 200241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 02/15/2033 | 286 | 296070 |
|  Stryker Corp.<br>4.55%, 02/10/2027 | 20 | 20156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.70%, 02/10/2028 | 20 | 20307 |
|  Sysco Corp. <br>5.10%, 09/23/2030 | 56 | 57691 |
|  Tyson Foods, Inc. <br>3.55%, 06/02/2027 | 132 | 130561 |
|  Viatris, Inc.<br>3.85%, 06/22/2040 | 475 | 355419 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 06/22/2050 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511 | $| 336836 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7064093 |
|  **Energy – 1.2%** | **Energy – 1.2%** | **Energy – 1.2%** | **Energy – 1.2%** | **Energy – 1.2%** |
|  Chevron USA, Inc.<br>3.95%, 08/13/2027 |  | 69 |  | 69211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.05%, 08/13/2028 |  | 69 |  | 69399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 10/15/2030 |  | 69 |  | 69380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.405%, 02/26/2027 |  | 60 |  | 60470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.475%, 02/26/2028 |  | 60 |  | 60871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 10/15/2032 |  | 69 |  | 69170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.687%, 04/15/2030 |  | 60 |  | 61337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.819%, 04/15/2032 |  | 60 |  | 61449 |
|  Continental Resources, Inc./OK<br>2.875%, 04/01/2032<sup>(a)</sup> |  | 239 |  | 205239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/01/2044 |  | 436 |  | 344091 |
|  Enbridge, Inc.<br>4.60%, 06/20/2028 |  | 59 |  | 59617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 06/20/2030 |  | 59 |  | 60220 |
|  Enterprise Products Operating LLC <br>Series E <br>5.25%, 08/16/2077 |  | 129 |  | 127902 |
|  HF Sinclair Corp. <br>5.50%, 09/01/2032 |  | 69 |  | 69235 |
|  MPLX LP<br>4.80%, 02/15/2031 |  | 67 |  | 67040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/2033 |  | 67 |  | 66423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 09/15/2035 |  | 67 |  | 66155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.20%, 09/15/2055 |  | 67 |  | 65233 |
|  ONEOK, Inc.<br>4.95%, 10/15/2032 |  | 70 |  | 69574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.40%, 10/15/2035 |  | 70 |  | 69358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.25%, 10/15/2055 |  | 70 |  | 68405 |
|  Williams Cos., Inc. (The) <br>4.625%, 06/30/2030 |  | 60 |  | 60322 |
|  Woodside Finance Ltd.<br>4.90%, 05/19/2028 |  | 60 |  | 60773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.70%, 05/19/2032 |  | 60 |  | 61997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/19/2035 |  | 45 |  | 46475 |
|  |  |  |  | 2089346 |
|  **Other Industrial – 0.6%** | **Other Industrial – 0.6%** | **Other Industrial – 0.6%** | **Other Industrial – 0.6%** | **Other Industrial – 0.6%** |
|  Massachusetts Institute of Technology <br>5.60%, 07/01/2111 |  | 310 |  | 302777 |
|  President & Fellows of Harvard College <br>6.50%, 01/15/2039<sup>(a)</sup> |  | 165 |  | 188298 |
|  University of Southern California <br>4.976%, 10/01/2053 |  | 324 |  | 295698 |
|  Washington University (The) <br>4.349%, 04/15/2122 |  | 440 |  | 329899 |
|  |  |  |  | 1116672 |
|  **Services – 0.3%** | **Services – 0.3%** | **Services – 0.3%** | **Services – 0.3%** | **Services – 0.3%** |
|  Block Financial LLC <br>5.375%, 09/15/2032 |  | 71 |  | 71430 |
|  Cintas Corp. No. 2 <br>4.20%, 05/01/2028 |  | 62 |  | 62299 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Mastercard, Inc.<br>4.55%, 03/15/2028 | $| 59 | $| 59937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.95%, 03/15/2032 |  | 59 |  | 61075 |
|  Quanta Services, Inc. <br>4.30%, 08/09/2028 |  | 70 |  | 70192 |
|  RELX Capital, Inc. <br>4.75%, 03/27/2030 |  | 63 |  | 64335 |
|  Verisk Analytics, Inc. <br>4.50%, 08/15/2030 |  | 67 |  | 67253 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;456521 |
|  **Technology - 3.0%** | **Technology - 3.0%** | **Technology - 3.0%** | **Technology - 3.0%** | **Technology - 3.0%** |
|  Amphenol Corp. <br>4.375%, 06/12/2028 |  | 60 |  | 60582 |
|  Analog Devices, Inc. <br>4.50%, 06/15/2030 |  | 60 |  | 60804 |
|  Broadcom, Inc.<br>4.15%, 02/15/2028 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297 |  | 297238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.60%, 07/15/2030 |  | 60 |  | 60588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 04/15/2028 |  | 25 |  | 25458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/15/2032 |  | 27 |  | 27319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 07/12/2027 |  | 290 |  | 294585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 04/15/2030 |  | 25 |  | 25753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 07/15/2035 |  | 60 |  | 60576 |
|  Cisco Systems, Inc.<br>4.55%, 02/24/2028 |  | 59 |  | 59887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 02/24/2055 |  | 59 |  | 58205 |
|  Dell International LLC/EMC Corp.<br>4.75%, 04/01/2028 |  | 55 |  | 55746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/2030 |  | 55 |  | 56327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 04/01/2032 |  | 55 |  | 56659 |
|  Fiserv, Inc.<br>2.65%, 06/01/2030 |  | 141 |  | 130215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.55%, 02/15/2031 |  | 44 |  | 43985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 08/11/2035 |  | 70 |  | 69754 |
|  Foundry JV Holdco LLC<br>6.20%, 01/25/2037<sup>(a)</sup> |  | 347 |  | 364988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.30%, 01/25/2039<sup>(a)</sup> |  | 346 |  | 365373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.40%, 01/25/2038<sup>(a)</sup> |  | 200 |  | 213216 |
|  Hewlett Packard Enterprise Co. <br>4.45%, 09/25/2026 |  | 112 |  | 112153 |
|  Intel Corp. <br>3.75%, 03/25/2027 |  | 128 |  | 126790 |
|  International Business Machines Corp.<br>4.25%, 05/15/2049 |  | 103 |  | 82306 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 02/10/2028 |  | 100 |  | 101412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.90%, 07/27/2052 |  | 332 |  | 291881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 02/06/2053 |  | 343 |  | 310936 |
|  Keysight Technologies, Inc. <br>5.35%, 07/30/2030 |  | 59 |  | 61308 |
|  Leidos, Inc. <br>5.40%, 03/15/2032 |  | 56 |  | 57853 |
|  NXP BV/NXP Funding LLC/NXP USA, Inc. <br>4.30%, 08/19/2028 |  | 67 |  | 67135 |
|  Oracle Corp.<br>3.85%, 04/01/2060 |  | 446 |  | 298682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.10%, 03/25/2061 |  | 427 |  | 298746 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 08/03/2028 | $| 20 | $| 20368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/03/2032 |  | 9 |  | 9254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 02/06/2053 |  | 323 |  | 296388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.90%, 11/09/2052 |  | 264 |  | 285635 |
|  Roper Technologies, Inc. <br>4.25%, 09/15/2028 |  | 67 |  | 67247 |
|  Salesforce, Inc. <br>1.50%, 07/15/2028 |  | 141 |  | 132123 |
|  Texas Instruments, Inc.<br>4.50%, 05/23/2030 |  | 60 |  | 60934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.10%, 05/23/2035 |  | 60 |  | 61300 |
|  Tyco Electronics Group SA <br>4.50%, 02/09/2031 |  | 62 |  | 62486 |
|  |  |  |  | 5192195 |
|  **Transportation - Airlines – 0.3%** | **Transportation - Airlines – 0.3%** | **Transportation - Airlines – 0.3%** | **Transportation - Airlines – 0.3%** | **Transportation - Airlines – 0.3%** |
|  Delta Air Lines, Inc./SkyMiles IP Ltd. <br>4.75%, 10/20/2028<sup>(a)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297 |  | 298746 |
|  United Airlines 2024-1 Class AA Pass Through Trust <br>Series AA <br>5.45%, 08/15/2038 |  | 283 |  | 287806 |
|  |  |  |  | 586552 |
|  **Transportation - Services – 0.1%** | **Transportation - Services – 0.1%** | **Transportation - Services – 0.1%** | **Transportation - Services – 0.1%** | **Transportation - Services – 0.1%** |
|  Element Fleet Management Corp. <br>5.037%, 03/25/2030<sup>(a)</sup> |  | 63 |  | 64153 |
|  Penske Truck Leasing Co. LP/PTL Finance Corp.<br>5.25%, 07/01/2029<sup>(a)</sup> |  | 9 |  | 9259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 02/01/2030<sup>(a)</sup> |  | 24 |  | 24761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 03/30/2029<sup>(a)</sup> |  | 57 |  | 58749 |
|  Ryder System, Inc. <br>5.00%, 03/15/2030 |  | 59 |  | 60395 |
|  |  |  |  | 217317 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26312222 |
|  **Utility – 2.1%** | **Utility – 2.1%** | **Utility – 2.1%** | **Utility – 2.1%** | **Utility – 2.1%** |
|  **Electric – 1.7%** | **Electric – 1.7%** | **Electric – 1.7%** | **Electric – 1.7%** | **Electric – 1.7%** |
|  AEP Transmission Co. LLC<br>5.15%, 04/01/2034 |  | 34 |  | 34471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 06/15/2035 |  | 27 |  | 27645 |
|  Arizona Public Service Co. <br>5.90%, 08/15/2055 |  | 67 |  | 66743 |
|  Connecticut Light & Power Co. (The) <br>4.95%, 01/15/2030 |  | 25 |  | 25658 |
|  Dominion Energy, Inc. <br>4.60%, 05/15/2028 |  | 59 |  | 59643 |
|  Edison International <br>6.25%, 03/15/2030 |  | 65 |  | 67610 |
|  National Rural Utilities Cooperative Finance Corp. <br>Series D <br>4.15%, 08/25/2028 |  | 71 |  | 71264 |
|  NextEra Energy Capital Holdings, Inc.<br>4.685%, 09/01/2027 |  | 35 |  | 35330 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.85%, 02/04/2028 | $| 20 | $| 20343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/15/2030 |  | 20 |  | 20587 |
|  Niagara Mohawk Power Corp. <br>4.647%, 10/03/2030<sup>(a)</sup> |  | 60 |  | 60262 |
|  NSTAR Electric Co. <br>4.85%, 03/01/2030 |  | 60 |  | 61478 |
|  Oncor Electric Delivery Co. LLC<br>4.50%, 03/20/2027<sup>(a)</sup> |  | 65 |  | 65453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.65%, 11/01/2029 |  | 25 |  | 25436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 04/01/2035<sup>(a)</sup> |  | 47 |  | 48339 |
|  Pacific Gas & Electric Co.<br>4.00%, 12/01/2046 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;444 |  | 321869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.55%, 05/15/2029 |  | 294 |  | 302382 |
|  PacifiCorp<br>3.30%, 03/15/2051 |  | 127 |  | 80975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.35%, 12/01/2053 |  | 392 |  | 351009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/15/2054 |  | 381 |  | 347411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.80%, 01/15/2055 |  | 305 |  | 287914 |
|  Pinnacle West Capital Corp.<br>4.90%, 05/15/2028 |  | 60 |  | 60893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.15%, 05/15/2030 |  | 60 |  | 61710 |
|  Public Service Co. of Colorado<br>5.15%, 09/15/2035 |  | 70 |  | 69574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.85%, 05/15/2055 |  | 65 |  | 64056 |
|  Public Service Co. of New Hampshire <br>4.40%, 07/01/2028 |  | 59 |  | 59594 |
|  Public Service Co. of Oklahoma <br>5.45%, 01/15/2036 |  | 55 |  | 55656 |
|  Public Service Electric & Gas Co. <br>4.90%, 08/15/2035 |  | 67 |  | 66851 |
|  San Diego Gas & Electric Co. <br>5.40%, 04/15/2035 |  | 63 |  | 64635 |
|  Xcel Energy, Inc.<br>4.75%, 03/21/2028 |  | 63 |  | 63763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.60%, 04/15/2035 |  | 63 |  | 64448 |
|  |  |  |  | 3013002 |
|  **Natural Gas – 0.4%** | **Natural Gas – 0.4%** | **Natural Gas – 0.4%** | **Natural Gas – 0.4%** | **Natural Gas – 0.4%** |
|  Boston Gas Co. <br>4.487%, 02/15/2042<sup>(a)</sup> |  | 359 |  | 301772 |
|  Brooklyn Union Gas Co. (The) <br>4.504%, 03/10/2046<sup>(a)</sup> |  | 367 |  | 298371 |
|  |  |  |  | 600143 |
|  **Other Utility – 0.0%** | **Other Utility – 0.0%** | **Other Utility – 0.0%** | **Other Utility – 0.0%** | **Other Utility – 0.0%** |
|  American Water Capital Corp. <br>5.25%, 03/01/2035 |  | 60 |  | 61097 |
|  |  |  |  | 3674242 |
|  Total Corporates - Investment Grade <br>(cost $59,853,708) | Total Corporates - Investment Grade <br>(cost $59,853,708) | Total Corporates - Investment Grade <br>(cost $59,853,708) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60703097 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **MORTGAGE PASS-THROUGHS – 5.4%** | **MORTGAGE PASS-THROUGHS – 5.4%** | **MORTGAGE PASS-THROUGHS – 5.4%** |
|  **Agency Fixed Rate 30-Year – 5.4%** | **Agency Fixed Rate 30-Year – 5.4%** | **Agency Fixed Rate 30-Year – 5.4%** |
|  Federal Home Loan Mortgage Corp. <br>Series 2022 <br>3.00%, 03/01/2052 | $740 | $649650 |
|  Federal Home Loan Mortgage Corp. Gold<br>Series 2005<br>5.50%, 01/01/2035 | 52 | 53698 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2007<br>5.50%, 07/01/2035 | 7 | 7580 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016<br>4.00%, 02/01/2046 | 354 | 344516 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017<br>4.00%, 07/01/2044 | 211 | 204991 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018<br>4.50%, 03/01/2048 | 111 | 109113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/01/2048 | 242 | 237568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2048 | 132 | 133618 |
|  Federal National Mortgage Association<br>Series 2003<br>5.50%, 04/01/2033 | 14 | 14806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/01/2033 | 32 | 32935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2004<br>5.50%, 04/01/2034 | 4 | 4147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 05/01/2034 | 10 | 9984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 11/01/2034 | 15 | 15035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 01/01/2035 | 142 | 146364 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2005<br>5.50%, 02/01/2035 | 20 | 20753 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2007<br>5.50%, 08/01/2037 | 97 | 99583 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2012<br>3.50%, 02/01/2042 | 105 | 99271 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013<br>3.50%, 04/01/2043 | 556 | 524695 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018<br>4.50%, 09/01/2048 | 156 | 152719 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021<br>2.00%, 07/01/2051 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1316470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 12/01/2051 | 721 | 576246 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>2.50%, 03/01/2052 | 1165 | 983166 |
|  Government National Mortgage Association<br>Series 2023<br>5.50%, 04/20/2053 | 453 | 458271 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>2.00%, 09/01/2055, TBA | 395 | 323355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 09/01/2055, TBA | 394 | 335609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 09/01/2055, TBA | 195 | 172734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 09/01/2055, TBA | 150 | 136520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 09/01/2055, TBA | 163 | 156940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2055, TBA | 267 | 264152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/01/2055, TBA | 88 | 89756 |
|  Uniform Mortgage-Backed Security<br>Series 2025<br>2.50%, 09/01/2055, TBA | 83 | 68906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2055, TBA | 411 | 405333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 09/01/2055, TBA | 300 | 301758 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 09/01/2055, TBA | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589 | $601792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 09/01/2055, TBA | 327 | 338841 |
|  Total Mortgage Pass-Throughs <br>(cost $9,838,917) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9390875 |
|  **CORPORATES - NON-INVESTMENT GRADE – 5.1%** |  |  |
|  **Industrial – 4.9%** |  |  |
|  **Basic – 0.6%** |  |  |
|  Celanese US Holdings LLC <br>6.665%, 07/15/2027<sup>(b)</sup> | 33 | 33968 |
|  Cleveland-Cliffs, Inc.<br>6.75%, 04/15/2030<sup>(a)</sup> | 119 | 120305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 03/15/2032<sup>(a)</sup> | 307 | 305800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, 05/01/2033<sup>(a)</sup> | 297 | 296180 |
|  LABL, Inc. <br>8.625%, 10/01/2031<sup>(a)</sup> | 410 | 302338 |
|  Xerox Corp. <br>13.50%, 04/15/2031<sup>(a)</sup> | 70 | 70241 |
|  |  | 1128832 |
|  **Capital Goods – 0.1%** |  |  |
|  Smyrna Ready Mix Concrete LLC <br>6.00%, 11/01/2028<sup>(a)</sup> | 129 | 129333 |
|  **Communications - Media – 0.4%** |  |  |
|  Warnermedia Holdings, Inc.<br>3.755%, 03/15/2027 | 56 | 55156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.279%, 03/15/2032 | 389 | 335610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/15/2042 | 409 | 275666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.141%, 03/15/2052 | 39 | 24351 |
|  |  | 690783 |
|  **Consumer Cyclical - Automotive – 0.8%** |  |  |
|  American Axle & Manufacturing, Inc. <br>5.00%, 10/01/2029 | 382 | 361040 |
|  Nissan Motor Acceptance Co. LLC<br>1.85%, 09/16/2026<sup>(a)</sup> | 134 | 128834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 09/13/2027<sup>(a)</sup> | 9 | 8949 |
|  Nissan Motor Co., Ltd.<br>4.81%, 09/17/2030<sup>(a)</sup> | 325 | 303703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, 07/17/2035<sup>(a)</sup> | 200 | 211498 |
|  ZF North America Capital, Inc. <br>6.75%, 04/23/2030<sup>(a)</sup> | 370 | 360176 |
|  |  | 1374200 |
|  **Consumer Cyclical - Other – 0.0%** |  |  |
|  CD&R Smokey Buyer, Inc./Radio Systems Corp. <br>9.50%, 10/15/2029<sup>(a)</sup> | 34 | 25871 |
|  **Consumer Cyclical - Retailers – 0.6%** |  |  |
|  Nordstrom, Inc.<br>4.375%, 04/01/2030 | 382 | 354687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/15/2044 | 525 | 358832 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Staples, Inc. <br>10.75%, 09/01/2029<sup>(a)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293 | $| 281075 |
|  |  |  |  | 994594 |
|  **Consumer Non-Cyclical – 1.2%** | **Consumer Non-Cyclical – 1.2%** | **Consumer Non-Cyclical – 1.2%** | **Consumer Non-Cyclical – 1.2%** | **Consumer Non-Cyclical – 1.2%** |
|  AdaptHealth LLC <br>5.125%, 03/01/2030<sup>(a)</sup> |  | 311 |  | 296576 |
|  Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC <br>4.625%, 01/15/2027<sup>(a)</sup> |  | 122 |  | 121325 |
|  CHS/Community Health Systems, Inc.<br>4.75%, 02/15/2031<sup>(a)</sup> |  | 137 |  | 116606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 05/15/2030<sup>(a)</sup> |  | 327 |  | 293129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.875%, 01/15/2032<sup>(a)</sup> |  | 269 |  | 284842 |
|  Organon & Co./Organon Foreign Debt Co-Issuer BV<br>5.125%, 04/30/2031<sup>(a)</sup> |  | 368 |  | 315597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, 05/15/2034<sup>(a)</sup> |  | 323 |  | 291049 |
|  Viking Baked Goods Acquisition Corp. <br>8.625%, 11/01/2031<sup>(a)</sup> |  | 300 |  | 297369 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2016493 |
|  **Energy – 0.7%** | **Energy – 0.7%** | **Energy – 0.7%** | **Energy – 0.7%** | **Energy – 0.7%** |
|  Civitas Resources, Inc.<br>8.75%, 07/01/2031<sup>(a)</sup> |  | 349 |  | 359135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.625%, 06/15/2033<sup>(a)</sup> |  | 55 |  | 58192 |
|  Crescent Energy Finance LLC <br>8.375%, 01/15/2034<sup>(a)</sup> |  | 55 |  | 55842 |
|  Delek Logistics Partners LP/Delek Logistics Finance Corp. <br>8.625%, 03/15/2029<sup>(a)</sup> |  | 41 |  | 42921 |
|  Hilcorp Energy I LP/Hilcorp Finance Co. <br>7.25%, 02/15/2035<sup>(a)</sup> |  | 324 |  | 316804 |
|  Vital Energy, Inc. <br>7.875%, 04/15/2032<sup>(a)</sup> |  | 354 |  | 349362 |
|  |  |  |  | 1182256 |
|  **Services – 0.1%** | **Services – 0.1%** | **Services – 0.1%** | **Services – 0.1%** | **Services – 0.1%** |
|  Prime Security Services Borrower LLC/Prime Finance, Inc. <br>3.375%, 08/31/2027<sup>(a)</sup> |  | 133 |  | 129067 |
|  **Technology – 0.1%** | **Technology – 0.1%** | **Technology – 0.1%** | **Technology – 0.1%** | **Technology – 0.1%** |
|  Central Parent LLC/CDK Global II LLC/CDK Financing Co., Inc. <br>8.00%, 06/15/2029<sup>(a)</sup> |  | 304 |  | 264304 |
|  **Transportation - Airlines – 0.1%** | **Transportation - Airlines – 0.1%** | **Transportation - Airlines – 0.1%** | **Transportation - Airlines – 0.1%** | **Transportation - Airlines – 0.1%** |
|  JetBlue Airways Corp./JetBlue Loyalty LP <br>9.875%, 09/20/2031<sup>(a)</sup> |  | 266 |  | 264255 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Transportation - Services – 0.2%** | **Transportation - Services – 0.2%** | **Transportation - Services – 0.2%** |
|  Hertz Corp. (The) <br>12.625%, 07/15/2029<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272 | $281936 |
|  Rand Parent LLC <br>8.50%, 02/15/2030<sup>(a)</sup> | 73 | 75575 |
|  |  | 357511 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8557499 |
|  **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** |
|  **Financial Services – 0.0%** | **Financial Services – 0.0%** | **Financial Services – 0.0%** |
|  Herc Holdings, Inc. <br>7.00%, 06/15/2030<sup>(a)</sup> | 38 | 39547 |
|  **REITs – 0.1%** | **REITs – 0.1%** | **REITs – 0.1%** |
|  Anywhere Real Estate Group LLC/Realogy Co-Issuer Corp. <br>9.75%, 04/15/2030<sup>(a)</sup> | 60 | 63763 |
|  Rithm Capital Corp. <br>8.00%, 07/15/2030<sup>(a)</sup> | 59 | 60245 |
|  |  | 124008 |
|  |  | 163555 |
|  **Utility – 0.1%** | **Utility – 0.1%** | **Utility – 0.1%** |
|  **Natural Gas – 0.1%** | **Natural Gas – 0.1%** | **Natural Gas – 0.1%** |
|  AmeriGas Partners LP/AmeriGas Finance Corp. <br>9.50%, 06/01/2030<sup>(a)</sup> | 60 | 62822 |
|  Total Corporates - Non-Investment Grade <br>(cost $8,788,860) | Total Corporates - Non-Investment Grade <br>(cost $8,788,860) | 8783876 |
|  **ASSET-BACKED SECURITIES – 4.0%** | **ASSET-BACKED SECURITIES – 4.0%** | **ASSET-BACKED SECURITIES – 4.0%** |
|  **Autos - Fixed Rate – 2.3%** | **Autos - Fixed Rate – 2.3%** | **Autos - Fixed Rate – 2.3%** |
|  Arivo Acceptance Auto Loan Receivables Trust <br>Series 2024-1A, Class A <br>6.46%, 04/17/2028<sup>(a)</sup> | 44 | 44488 |
|  Avis Budget Rental Car Funding AESOP LLC <br>Series 2023-3A, Class A <br>5.44%, 02/22/2028<sup>(a)</sup> | 475 | 481387 |
|  Carvana Auto Receivables Trust<br>Series 2021-N3, Class C<br>1.02%, 06/12/2028 | 30 | 29496 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-N4, Class D<br>2.30%, 09/11/2028 | 48 | 47001 |
|  CPS Auto Receivables Trust <br>Series 2021-C, Class D <br>1.69%, 06/15/2027<sup>(a)</sup> | 88 | 87983 |
|  Enterprise Fleet Financing LLC <br>Series 2023-2, Class A2 <br>5.56%, 04/22/2030<sup>(a)</sup> | 194 | 195383 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  FHF Trust <br>Series 2023-1A, Class A2 <br>6.57%, 06/15/2028<sup>(a)</sup> | $| 52 | $| 52468 |
|  Flagship Credit Auto Trust<br>Series 2019-3, Class E<br>3.84%, 12/15/2026<sup>(a)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305 |  | 304807 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1, Class E<br>3.52%, 06/15/2027<sup>(a)</sup> |  | 727 |  | 726398 |
|  Ford Credit Auto Owner Trust <br>Series 2021-1, Class D <br>2.31%, 10/17/2033<sup>(a)</sup> |  | 542 |  | 532268 |
|  Lendbuzz Securitization Trust<br>Series 2023-1A, Class A2<br>6.92%, 08/15/2028<sup>(a)</sup> |  | 202 |  | 205309 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2A, Class A2<br>7.09%, 10/16/2028<sup>(a)</sup> |  | 89 |  | 90581 |
|  Octane Receivables Trust <br>Series 2021-2A, Class C <br>2.53%, 05/21/2029<sup>(a)</sup> |  | 541 |  | 534531 |
|  Research-Driven Pagaya Motor Trust <br>Series 2024-1A, Class A <br>7.09%, 06/25/2032<sup>(a)</sup> |  | 88 |  | 88813 |
|  Santander Drive Auto Receivables Trust <br>Series 2023-3, Class B <br>5.61%, 07/17/2028 |  | 228 |  | 229070 |
|  Tesla Auto Lease Trust <br>Series 2024-A, Class A3 <br>5.30%, 06/21/2027<sup>(a)</sup> |  | 131 |  | 131068 |
|  Tricolor Auto Securitization Trust <br>Series 2024-2A, Class A <br>6.36%, 12/15/2027<sup>(c)</sup> |  | 28 |  | 28227 |
|  US Bank NA <br>Series 2023-1, Class B <br>6.789%, 08/25/2032<sup>(a)</sup> |  | 122 |  | 123193 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3932471 |
|  **Other ABS - Fixed Rate – 1.6%** | **Other ABS - Fixed Rate – 1.6%** | **Other ABS - Fixed Rate – 1.6%** | **Other ABS - Fixed Rate – 1.6%** | **Other ABS - Fixed Rate – 1.6%** |
|  Atalaya Equipment Leasing Trust 21-1 <br>Series 2021-1A, Class C <br>2.69%, 06/15/2028<sup>(a)</sup> |  | 461 |  | 458180 |
|  College Ave Student Loans LLC <br>Series 2021-C, Class C <br>3.06%, 07/26/2055<sup>(a)</sup> |  | 157 |  | 148680 |
|  Dext ABS LLC<br>Series 2021-1, Class C<br>2.29%, 09/15/2028<sup>(a)</sup> |  | 230 |  | 228208 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class D<br>2.81%, 03/15/2029<sup>(a)</sup> |  | 260 |  | 256905 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1, Class A2<br>5.99%, 03/15/2032<sup>(a)</sup> |  | 132 |  | 132548 |
|  Diamond Issuer LLC <br>Series 2021-1A, Class B <br>2.701%, 11/20/2051<sup>(a)</sup> |  | 566 |  | 532705 |

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------

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  GCI Funding I LLC <br>Series 2021-1, Class A <br>2.38%, 06/18/2046<sup>(a)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192 | $| 177640 |
|  Granite Park Equipment Leasing LLC <br>Series 2023-1A, Class A3 <br>6.46%, 09/20/2032<sup>(a)</sup> |  | 96 |  | 96971 |
|  MVW LLC <br>Series 2021-2A, Class C <br>2.23%, 05/20/2039<sup>(a)</sup> |  | 247 |  | 235877 |
|  Nelnet Student Loan Trust <br>Series 2021-BA, Class B <br>2.68%, 04/20/2062<sup>(a)</sup> |  | 220 |  | 196560 |
|  Pagaya AI Debt Trust<br>Series 2024-1, Class A<br>6.66%, 07/15/2031<sup>(a)</sup> |  | 107 |  | 108108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2, Class A<br>6.319%, 08/15/2031<sup>(a)</sup> |  | 65 |  | 65278 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-3, Class A<br>6.258%, 10/15/2031<sup>(a)</sup> |  | 111 |  | 111710 |
|  Prosper Marketplace Issuance Trust <br>Series 2024-1A, Class A <br>6.12%, 08/15/2029<sup>(a)</sup> |  | 20 |  | 19608 |
|  |  |  |  | 2768978 |
|  **Credit Cards - Fixed Rate – 0.1%** | **Credit Cards - Fixed Rate – 0.1%** | **Credit Cards - Fixed Rate – 0.1%** | **Credit Cards - Fixed Rate – 0.1%** | **Credit Cards - Fixed Rate – 0.1%** |
|  Brex Commercial Charge Card Master Trust <br>Series 2024-1, Class A1 <br>6.05%, 07/15/2027<sup>(a)</sup> |  | 251 |  | 252765 |
|  Total Asset-Backed Securities <br>(cost $7,048,504) | Total Asset-Backed Securities <br>(cost $7,048,504) | Total Asset-Backed Securities <br>(cost $7,048,504) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6954214 |
|  **COLLATERALIZED LOAN OBLIGATIONS – 2.2%** | **COLLATERALIZED LOAN OBLIGATIONS – 2.2%** | **COLLATERALIZED LOAN OBLIGATIONS – 2.2%** | **COLLATERALIZED LOAN OBLIGATIONS – 2.2%** | **COLLATERALIZED LOAN OBLIGATIONS – 2.2%** |
|  **CLO - Floating Rate – 2.2%** | **CLO - Floating Rate – 2.2%** | **CLO - Floating Rate – 2.2%** | **CLO - Floating Rate – 2.2%** | **CLO - Floating Rate – 2.2%** |
|  AGL CLO 12 Ltd. <br>Series 2021-12A, Class A1 <br>5.747% (CME Term SOFR 3 Month + 1.42%), 07/20/2034<sup>(a) (d)</sup> |  | 300 |  | 300531 |
|  Bain Capital Credit CLO <br>Series 2019-1A, Class AR2 <br>5.555% (CME Term SOFR 3 Month + 1.23%), 04/19/2034<sup>(a) (d)</sup> |  | 300 |  | 300551 |
|  Elmwood CLO 45 Ltd. <br>Series 2025-8A, Class A1 <br>5.421% (CME Term SOFR 3 Month + 1.25%), 10/17/2038<sup>(a) (d)</sup> |  | 750 |  | 750000 |
|  Neuberger Berman Loan Advisers CLO 59 Ltd. <br>Series 2024-59A, Class A1 <br>5.609% (CME Term SOFR 3 Month + 1.29%), 01/23/2039<sup>(a) (d)</sup> |  | 500 |  | 501148 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Pikes Peak CLO 8 <br>Series 2021-8A, Class A1R <br>5.655% (CME Term SOFR 3 Month + 1.33%), 01/20/2038<sup>(a) (d)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;300 | $| 300557 |
|  Rockford Tower CLO Ltd. <br>Series 2021-2A, Class A1 <br>5.747% (CME Term SOFR 3 Month + 1.42%), 07/20/2034<sup>(a) (d)</sup> |  | 504 |  | 503814 |
|  Signal Peak CLO 14 Ltd. <br>Series 2024-14A, Class A <br>5.632% (CME Term SOFR 3 Month + 1.30%), 01/22/2038<sup>(a) (d)</sup> |  | 300 |  | 301199 |
|  Silver Point CLO 12 Ltd. <br>Series 2025-12A, Class A1 <br>5.533% (CME Term SOFR 3 Month + 1.31%), 10/15/2038<sup>(a) (d)</sup> |  | 750 |  | 750000 |
|  Voya CLO Ltd. <br>Series 2018-3A, Class A1R2 <br>5.518% (CME Term SOFR 3 Month + 1.20%), 10/15/2031<sup>(a) (d)</sup> |  | 183 |  | 183503 |
|  Total Collateralized Loan Obligations <br>(cost $3,890,144) | Total Collateralized Loan Obligations <br>(cost $3,890,144) | Total Collateralized Loan Obligations <br>(cost $3,890,144) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3891303 |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.8%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.8%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.8%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.8%** | **COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.8%** |
|  **Non-Agency Fixed Rate CMBS – 1.8%** | **Non-Agency Fixed Rate CMBS – 1.8%** | **Non-Agency Fixed Rate CMBS – 1.8%** | **Non-Agency Fixed Rate CMBS – 1.8%** | **Non-Agency Fixed Rate CMBS – 1.8%** |
|  BANK5 <br>Series 2025-5YR14, Class A3 <br>5.646%, 04/15/2058 |  | 600 |  | 629398 |
|  BMO Mortgage Trust <br>Series 2025-5C10, Class A3 <br>5.578%, 05/15/2058 |  | 500 |  | 522491 |
|  GSF 2021 1 Issuer LLC 08/26 1<br>Series 2021-1, Class A1<br>1.433%, 08/15/2026<sup>(c)</sup> |  | 188 |  | 185840 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class A2<br>2.435%, 08/15/2026<sup>(c)</sup> |  | 719 |  | 713813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class AS<br>2.638%, 08/15/2026<sup>(c)</sup> |  | 25 |  | 24617 |
|  HFX Funding <br>Series 2017-1A, Class A3 <br>3.647%, 03/15/2035<sup>(c)</sup> |  | 6 |  | 5650 |
|  Wells Fargo Commercial Mortgage Trust<br>Series 2024-5C2, Class A3<br>5.92%, 11/15/2057 |  | 500 |  | 528159 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-5C5, Class A3<br>5.59%, 07/15/2058 |  | 500 |  | 524271 |
|  |  |  |  | 3134239 |
|  **Agency CMBS – 0.0%** | **Agency CMBS – 0.0%** | **Agency CMBS – 0.0%** | **Agency CMBS – 0.0%** | **Agency CMBS – 0.0%** |
|  Federal Home Loan Mortgage Corp. Mscr Trust Mn1 <br>Series 2021-MN1, Class M1 <br>6.348% (CME Term SOFR + 2.00%), 01/25/2051<sup>(a) (d)</sup> |  | 35 |  | 34835 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Government National Mortgage<br>Association<br>Series 2006-39, Class IO<br>0.164%, 07/16/2046 <sup>(e)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105 | $| 1 |
|  |  |  |  | 34836 |
|  Total Commercial Mortgage-Backed Securities <br>(cost $3,163,354) | Total Commercial Mortgage-Backed Securities <br>(cost $3,163,354) | Total Commercial Mortgage-Backed Securities <br>(cost $3,163,354) |  | 3169075 |
|  **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.7%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.7%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.7%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.7%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.7%** |
|  **Risk Share Floating Rate – 0.7%** | **Risk Share Floating Rate – 0.7%** | **Risk Share Floating Rate – 0.7%** | **Risk Share Floating Rate – 0.7%** | **Risk Share Floating Rate – 0.7%** |
|  Bellemeade Re Ltd. <br>Series 2023-1, Class M1A <br>6.548% (CME Term SOFR + 2.20%),<br>10/25/2033 <sup>(a) (d)</sup> |  | 172 |  | 172724 |
|  Connecticut Avenue Securities Trust<br>Series 2022-R02, Class 2M1<br>5.548% (CME Term SOFR + 1.20%),<br>01/25/2042<sup>(a) (d)</sup> |  | 60 |  | 60269 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R02, Class 1M1<br>6.648% (CME Term SOFR + 2.30%),<br>01/25/2043<sup>(a) (d)</sup> |  | 146 |  | 149532 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R02, Class 1M1<br>5.448% (CME Term SOFR + 1.10%),<br>02/25/2044<sup>(a) (d)</sup> |  | 87 |  | 86563 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R04, Class 1M1<br>5.448% (CME Term SOFR + 1.10%),<br>05/25/2044<sup>(a) (d)</sup> |  | 135 |  | 135134 |
|  Federal Home Loan Mortgage Corp. Structured<br>Agency Credit Risk Debt Notes<br>Series 2015-HQA2, Class M3<br>9.263% (CME Term SOFR + 4.91%),<br>05/25/2028<sup>(d)</sup> |  | 77 |  | 77569 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-DNA1, Class M1<br>5.698% (CME Term SOFR + 1.35%),<br>02/25/2044<sup>(a) (d)</sup> |  | 194 |  | 195032 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-HQA1, Class M1<br>5.598% (CME Term SOFR + 1.25%),<br>03/25/2044<sup>(a) (d)</sup> |  | 195 |  | 195231 |
|  Wells Fargo Credit Risk Transfer Securities Trust<br>Series 2015-WF1, Class 1M2<br>9.713% (CME Term SOFR + 5.36%),<br>11/25/2025<sup>(a) (d)</sup> |  | 91 |  | 95477 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-WF1, Class 2M2<br>9.963% (CME Term SOFR + 5.61%),<br>11/25/2025<sup>(a) (d)</sup> |  | 21 |  | 21539 |
|  Total Collateralized Mortgage Obligations <br>(cost $1,179,332) | Total Collateralized Mortgage Obligations <br>(cost $1,179,332) | Total Collateralized Mortgage Obligations <br>(cost $1,179,332) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1189070 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **SHORT-TERM INVESTMENTS – 4.7%** |  |  |
|  **Investment Companies – 4.7%** |  |  |
|  AB Fixed Income Shares, Inc. – Government Money Market Portfolio -<br>Class AB, 4.14%<sup>(f) (g) (h)</sup> <br>(cost $8,248,378) | 8248378 | $8248378 |
|  **Total Investments – 101.8%** <br> (cost $176,295,918)<sup>(i)</sup> |  | 177323218 |
|  Other assets less liabilities – (1.8)% |  | (3059183) |
|  **Net Assets – 100.0%** |  | $**174264035** |

---

**FUTURES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number<br>of<br>Contracts** | **Expiration<br>Month** | **Current<br>Notional** | **Value and<br>Unrealized<br>Appreciation<br>(Depreciation)** |
| **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** |
| U.S. 10 Yr Ultra Futures | 58 | December 2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6635562 | $22242 |
| U.S. Long Bond (CBT) Futures | 64 | December 2025 | 7312000 | 38672 |
| U.S. T-Note 2 Yr (CBT) Futures | 10 | December 2025 | 2085391 | 1313 |
| U.S. T-Note 5 Yr (CBT) Futures | 11 | December 2025 | 1204156 | 7250 |
| U.S. Ultra Bond (CBT) Futures | 5 | December 2025 | 582813 | (469) |
| **Sold Contracts** | **Sold Contracts** | **Sold Contracts** | **Sold Contracts** | **Sold Contracts** |
| U.S. T-Note 10 Yr (CBT) Futures | 69 | December 2025 | 7762500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(34766) |
|  |  |  |  | $34242 |

---

*(a)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At August 31, 2025, the aggregate market value of these securities amounted to $32,469,412 or 18.6% of net assets.* 

*(b)* *Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at August 31, 2025.* 

*(c)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.55% of net assets as of August 31, 2025, are considered illiquid and restricted. Additional information regarding such securities follows:* 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Acquisition<br>Date** | | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *GSF 2021 1 Issuer LLC 08/26 1<br>Series 2021-1, Class A1 <br>1.433%, 08/15/2026* | | *04/01/2021-08/03/2023* | | $*179332* | | $*185840* | | *0.11%* |
|  *GSF 2021 1 Issuer LLC 08/26 1<br>Series 2021-1, Class A2 <br>2.435%, 08/15/2026* | | *02/25/2021-09/06/2022* | | *723635* | | *713813* | | *0.41%* |
|  *GSF 2021 1 Issuer LLC 08/26 1<br>Series 2021-1, Class AS <br>2.638%, 08/15/2026* | | *02/25/2021-04/01/2021* | | *25136* | | *24617* | | *0.01%* |
|  *HFX Funding <br>Series 2017-1A, Class A3 <br>3.647%, 03/15/2035* | | *11/19/2020* | | *5972* | | *5650* | | *0.00%* |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *Tricolor Auto Securitization<br>Trust<br>Series 2024-2A, Class A <br>6.36%, 12/15/2027* | *05/14/2024* | $*28165* | | $*28227* | | *0.02%* |

---

*(d)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at August 31, 2025.* 

*(e)* *IO - Interest Only.* 

*(f)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.* 

*(g)* *The rate shown represents the 7-day yield as of period end.* 

*(h)* *Affiliated investments.* 

*(i)* *As of August 31, 2025, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $2,338,918 and gross unrealized depreciation of investments was $(1,277,376), resulting in net unrealized appreciation of $1,061,542.* 

*Glossary:* 

*ABS – Asset-Backed Securities* 

*CBT – Chicago Board of Trade* 

*CLO – Collateralized Loan Obligations* 

*CMBS – Commercial Mortgage-Backed Securities* 

*REIT – Real Estate Investment Trust* 

*TBA – To Be Announced* 

------

**AB Active ETFs, Inc.** 

**AB Core Plus Bond ETF** 

**August 31, 2025 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of
investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

The following table summarizes the valuation of the Fund's investments by the above fair value hierarchy levels as of August 31, 2025:

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Governments - Treasuries | $— | $74993330 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $74993330 |
| Corporates - Investment Grade |  | 60703097 |  | 60703097 |
| Mortgage Pass-Throughs |  | 9390875 |  | 9390875 |
| Corporates - Non-Investment Grade |  | 8783876 |  | 8783876 |
| Asset-Backed Securities |  | 6954214 |  | 6954214 |
| Collateralized Loan Obligations |  | 3891303 |  | 3891303 |
| Commercial Mortgage-Backed Securities |  | 3169075 |  | 3169075 |
| Collateralized Mortgage Obligations |  | 1189070 |  | 1189070 |
| Short-Term Investments | 8248378 |  |  | 8248378 |
| Total Investments in Securities | 8248378 | 169074840 |  | 177323218 |
| **Other Financial Instruments<sup>(a)</sup>:** |  |  |  |  |
| **Assets:** |  |  |  |  |
| Futures | 69477 |  |  | 69477 |
| **Liabilities:** |  |  |  |  |
| Futures | (35235) |  |  | (35235) |
| **Total** | $**8282620** | $**169074840** | $**—** | $**177357460** |

---

*<sup>(a)</sup>* *Other financial instruments include derivative instruments, such as futures, forwards and swaps. Derivative instruments are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

A summary of the Fund's transactions in AB mutual funds for the nine months ended August 31, 2025 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market<br>Value<br>11/30/2024<br>(000)** | **Purchases<br>at Cost<br>(000)** | **Sales<br>Proceeds<br>(000)** | **Market<br>Value<br>08/31/2025<br>(000)** | **Dividend<br>Income<br>(000)** |
| AB Government Money Market Portfolio | $4234 | $32703 | $28689 | $8248 | $191 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AB Active ETFs, Inc.

- **b. Investment Company Act file number:** 811-23799

- **c. CIK number of Registrant:** 0001496608

- **d. LEI of Registrant:** 2549006ZG5WBMZRI5P66

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** AB Core Plus Bond ETF

- **b. EDGAR series identifier (if any):** S000082567

- **c. LEI of Series:** 2549009RYFB2CMWFBA42

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

- **a. Date of fiscal year-end:** 2025-11-30

- **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:** $178494673.16

**Total Liabilities:** $4229788.77

**Net Assets:** $174264884.39

**Delayed Delivery Securities:** $986886.84

**Cash Not Reported:** $238399.94

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -130.22000000 | **1-Year:** -3926.84000000 | **5-Year:** -14155.97000000 | **10-Year:** -14023.06000000 | **30-Year:** -7735.03000000

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

- **3-Month:** -61.47000000 | **1-Year:** -856.17000000 | **5-Year:** -2823.67000000 | **10-Year:** -1598.56000000 | **30-Year:** -474.22000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000245883 | 1.60%                | -0.02%               | 1.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-496754.34              | $2109206.18                                |
| Month 2  | $23179.04                | $-576214.05                                |
| Month 3  | $111183.63               | $1133373.49                                |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate Index

- **Index Identifier:** LBUSTRUU:IND

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OAKTREE SPECIALTY LEND                       | Oaktree Specialty Lending Corp                                                  | CUSIP: 67401PAE8<br>LEI: 549300J6MGCEU5928620 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59531.00     | 0.03%             | 2030-02-27      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Fannie Mae Pool                                                                 | CUSIP: 3140XGCD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1165046 | PA      | $983165.49    | 0.56%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                 | Barclays PLC                                                                    | CUSIP: 06738ECH6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    323000 | PA      | $356979.60    | 0.20%             | 2034-06-27      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61246.80     | 0.04%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                             | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20754BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     60251 | PA      | $60269.23     | 0.03%             | 2042-01-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| MARS INC                                     | Mars Inc                                                                        | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     67000 | PA      | $67604.34     | 0.04%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Cox Communications Inc                       | Cox Communications Inc                                                          | CUSIP: 224044CC9<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |    181000 | PA      | $141923.91    | 0.08%             | 2043-06-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                             | LPL Holdings Inc                                                                | CUSIP: 50212YAL8<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61306.20     | 0.04%             | 2030-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                     | Dext ABS 2021-1 LLC                                                             | CUSIP: 23345CAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260000 | PA      | $256904.75    | 0.15%             | 2029-03-15      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                             | CUSIP: 912810SE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2130000 | PA      | $1663147.26   | 0.95%             | 2048-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                         | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    297000 | PA      | $296180.28    | 0.17%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     46000 | PA      | $46486.22     | 0.03%             | 2028-01-23      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Prosper Marketplace Issuance Trust           | Prosper Marketplace Issuance Trust Series 2024-1                                | CUSIP: 74363CAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19595 | PA      | $19608.03     | 0.01%             | 2029-08-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                     | Hilcorp Energy I LP / Hilcorp Finance Co                                        | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    324000 | PA      | $316803.96    | 0.18%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                    | Nelnet Student Loan Trust 2021-B                                                | CUSIP: 64034QAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $196560.23    | 0.11%             | 2062-04-20      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                       | Santander Holdings USA Inc                                                      | CUSIP: 80282KBQ8<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |     31000 | PA      | $32218.61     | 0.02%             | 2031-03-20      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 9128286B1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1180000 | PA      | $1142387.50   | 0.66%             | 2029-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                         | Bank of America Corp                                                            | CUSIP: 06051GGL7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    129000 | PA      | $127935.75    | 0.07%             | 2028-04-24      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Fannie Mae Pool                                                                 | CUSIP: 3140QLGX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1645296 | PA      | $1316469.93   | 0.76%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                       | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RBW6<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    342000 | PA      | $348368.04    | 0.20%             | 2035-03-14      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET LENDING PAR                     | Sixth Street Lending Partners                                                   | CUSIP: 829932AE2<br>LEI: 549300S9P1HMDERGCR64 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25783.50     | 0.01%             | 2030-07-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Freddie Mac Gold Pool                                                           | CUSIP: 3132Y3ZC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    132431 | PA      | $133618.09    | 0.08%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BE4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    309000 | PA      | $304077.63    | 0.17%             | 2033-06-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     61000 | PA      | $62925.77     | 0.04%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                    | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F060691<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    589000 | PA      | $601792.37    | 0.35%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Tyson Foods Inc                              | Tyson Foods Inc                                                                 | CUSIP: 902494BC6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |    132000 | PA      | $130561.20    | 0.07%             | 2027-06-02      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Nordstrom Inc                                | Nordstrom Inc                                                                   | CUSIP: 655664AR1<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    525000 | PA      | $358832.25    | 0.21%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                            | State Street Corp                                                               | CUSIP: 857477CW1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61340.40     | 0.04%             | 2030-02-28      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                     | Caterpillar Financial Services Corp                                             | CUSIP: 14913UAX8<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25782.25     | 0.01%             | 2030-01-08      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CEV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3763000 | PA      | $3711552.72   | 2.13%             | 2029-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| XEROX CORPORATION                            | Xerox Corp                                                                      | CUSIP: 984121CT8<br>LEI: 4KF48RN45X1OO8UBLY20 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70240.80     | 0.04%             | 2031-04-15      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20494.00     | 0.01%             | 2036-02-12      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4945.60      | 0.00%             | 2028-05-22      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                     | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     39000 | PA      | $24350.82     | 0.01%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60774.60     | 0.03%             | 2029-03-04      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GB29<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24566.16     | 0.01%             | 2030-07-23      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                  | Oracle Corp                                                                     | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20368.40     | 0.01%             | 2028-08-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                     | New York Life Global Funding                                                    | CUSIP: 64953BBW7<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62659.68     | 0.04%             | 2028-04-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                       | Pacific Gas and Electric Co                                                     | CUSIP: 694308KQ9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    294000 | PA      | $302381.94    | 0.17%             | 2029-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                          | American Express Co                                                             | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59723.34     | 0.03%             | 2033-07-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                               | Mastercard Inc                                                                  | CUSIP: 57636QBF0<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59936.92     | 0.03%             | 2028-03-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FU                     | HPS Corporate Lending Fund                                                      | CUSIP: 40440VAL9<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55288.75     | 0.03%             | 2027-06-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                     | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    137000 | PA      | $116606.18    | 0.07%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1001000 | PA      | $929053.13    | 0.53%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13606.18     | 0.01%             | 2027-09-10      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YFE0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    185000 | PA      | $188944.20    | 0.11%             | 2034-04-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                       | Protective Life Global Funding                                                  | CUSIP: 74368CCC6<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152605.50    | 0.09%             | 2030-06-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                       | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RBU0<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    272000 | PA      | $300671.52    | 0.17%             | 2034-10-25      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                       | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RBR7<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    297000 | PA      | $300076.92    | 0.17%             | 2034-04-26      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     21000 | PA      | $21789.39     | 0.01%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                               | Eli Lilly & Co                                                                  | CUSIP: 532457CU0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     66000 | PA      | $66995.94     | 0.04%             | 2028-02-12      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                            | State Street Corp                                                               | CUSIP: 857477DB6<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     62000 | PA      | $63622.54     | 0.04%             | 2030-04-24      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                             | Ventas Realty LP                                                                | CUSIP: 92277GBB2<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              |  | US        |     55000 | PA      | $56251.80     | 0.03%             | 2032-07-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GHZ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    166000 | PA      | $153246.22    | 0.09%             | 2031-02-13      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Brex Inc                                     | Brex Commercial Charge Card Master Trust                                        | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    251000 | PA      | $252765.36    | 0.15%             | 2027-07-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                   | Flagship Credit Auto Trust 2020-1                                               | CUSIP: 33843FAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    727095 | PA      | $726398.02    | 0.42%             | 2027-06-15      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                           | RGA Global Funding                                                              | CUSIP: 76209PAG8<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25836.75     | 0.01%             | 2030-01-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                        | Texas Instruments Inc                                                           | CUSIP: 882508CM4<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61300.20     | 0.04%             | 2035-05-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                     | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    323000 | PA      | $291048.84    | 0.17%             | 2034-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                              | Chevron USA Inc                                                                 | CUSIP: 166756BH8<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |     69000 | PA      | $69398.82     | 0.04%             | 2028-08-13      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                       | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35330.40     | 0.02%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                       | Philip Morris International Inc                                                 | CUSIP: 718172DB2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    286000 | PA      | $296070.06    | 0.17%             | 2033-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| EIDP INC                                     | EIDP Inc                                                                        | CUSIP: 263534CS6<br>LEI: GLU7INWNWH88J9XBXD45 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61637.40     | 0.04%             | 2032-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                             | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20755AAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    146468 | PA      | $149531.69    | 0.09%             | 2043-01-25      | Floating      | 6.65%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                         | CUSIP: 44891ADF1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24978.25     | 0.01%             | 2027-09-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                             | HF Sinclair Corp                                                                | CUSIP: 403949AT7<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |     69000 | PA      | $69235.29     | 0.04%             | 2032-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GSF 2021 1 ISSUER LLC                        | GSF 2021 1 ISSUER LLC                                                           | CUSIP: 36261CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    719000 | PA      | $713812.70    | 0.41%             | 2026-08-17      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| FARMERS EXCHANGE CAP III                     | Farmers Exchange Capital III                                                    | CUSIP: 30958QAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $303702.30    | 0.17%             | 2054-10-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                          | American Express Co                                                             | CUSIP: 025816EF2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     62000 | PA      | $63678.96     | 0.04%             | 2031-04-25      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                           | BMW US Capital LLC                                                              | CUSIP: 05565EDC6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70031.50     | 0.04%             | 2030-08-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    403000 | PA      | $356876.65    | 0.20%             | 2032-07-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                         | CUSIP: 44891ACX3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    167000 | PA      | $169287.90    | 0.10%             | 2027-03-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    284000 | PA      | $297367.88    | 0.17%             | 2033-09-14      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                  | Cargill Inc                                                                     | CUSIP: 141781CE2<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20288.60     | 0.01%             | 2028-02-11      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                               | Eli Lilly & Co                                                                  | CUSIP: 532457DG0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     71000 | PA      | $70470.34     | 0.04%             | 2065-10-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae                                                                      | CUSIP: 21H022697<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    394000 | PA      | $335608.73    | 0.19%             | 2055-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                   | PacifiCorp                                                                      | CUSIP: 695114CX4<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    127000 | PA      | $80975.20     | 0.05%             | 2051-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                             | T-Mobile USA Inc                                                                | CUSIP: 87264ABD6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    130000 | PA      | $129135.50    | 0.07%             | 2027-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                         | Lockheed Martin Corp                                                            | CUSIP: 539830CM9<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60337.20     | 0.03%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH32 TREASURY LTD                         | South32 Treasury Ltd                                                            | CUSIP: 84055BAA1<br>LEI: 213800HFGZMXST64GP53 | Long             | DBT              | CORP              | AU        |    372000 | PA      | $354244.44    | 0.20%             | 2032-04-14      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                            | Brown & Brown Inc                                                               | CUSIP: 115236AK7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60775.20     | 0.03%             | 2030-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                 | WP Carey Inc                                                                    | CUSIP: 92936UAN9<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |     39000 | PA      | $39219.18     | 0.02%             | 2030-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE OP CO                         | Public Storage Operating Co                                                     | CUSIP: 74464AAC5<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              |  | US        |     60000 | PA      | $60312.00     | 0.03%             | 2030-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                              | AdaptHealth LLC                                                                 | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    311000 | PA      | $296575.82    | 0.17%             | 2030-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                  | Oracle Corp                                                                     | CUSIP: 68389XCB9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    427000 | PA      | $298746.28    | 0.17%             | 2061-03-25      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                           | VICI Properties LP                                                              | CUSIP: 925650AJ2<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |     55000 | PA      | $55609.40     | 0.03%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YFS9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25613.50     | 0.01%             | 2030-07-19      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                             | Altria Group Inc                                                                | CUSIP: 02209SBM4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    398000 | PA      | $298515.92    | 0.17%             | 2041-02-04      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association               | US Bank NA                                                                      | CUSIP: 90357PAV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    121746 | PA      | $123192.60    | 0.07%             | 2032-08-25      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CDL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1682000 | PA      | $1574378.27   | 0.90%             | 2028-11-30      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                    | ONEOK Inc                                                                       | CUSIP: 682680DB6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69573.70     | 0.04%             | 2032-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GJT7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    315000 | PA      | $285714.45    | 0.16%             | 2032-04-22      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                | Citigroup Inc                                                                   | CUSIP: 172967LD1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    121000 | PA      | $120301.83    | 0.07%             | 2028-01-10      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                     | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599CB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     24000 | PA      | $24760.80     | 0.01%             | 2030-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     61000 | PA      | $62131.55     | 0.04%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Freddie Mac Gold Pool                                                           | CUSIP: 3132XXD22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    111097 | PA      | $109113.09    | 0.06%             | 2048-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| USAA CAPITAL CORP                            | USAA Capital Corp                                                               | CUSIP: 90327QDA4<br>LEI: 5493007XLF4LU3U2W757 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151428.00    | 0.09%             | 2028-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VERISK ANALYTICS INC                         | Verisk Analytics Inc                                                            | CUSIP: 92345YAM8<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |     67000 | PA      | $67252.59     | 0.04%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                      | MPLX LP                                                                         | CUSIP: 55336VCC2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     67000 | PA      | $66155.13     | 0.04%             | 2035-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2299000 | PA      | $2306184.38   | 1.32%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA                      | Public Service Co of Oklahoma                                                   | CUSIP: 744533BS8<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55656.15     | 0.03%             | 2036-01-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                        | Foundry JV Holdco LLC                                                           | CUSIP: 350930AE3<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $213216.00    | 0.12%             | 2038-01-25      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                   | US Bancorp                                                                      | CUSIP: 91159HJS0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25706.00     | 0.01%             | 2030-07-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                      | MPLX LP                                                                         | CUSIP: 55336VCA6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     67000 | PA      | $67039.53     | 0.04%             | 2031-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZR8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    129000 | PA      | $127633.89    | 0.07%             | 2028-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                   | Fiserv Inc                                                                      | CUSIP: 337738BP2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     44000 | PA      | $43985.04     | 0.03%             | 2031-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                               | Eli Lilly & Co                                                                  | CUSIP: 532457DC9<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71172.53     | 0.04%             | 2031-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                     | New York Life Global Funding                                                    | CUSIP: 64952WFP3<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59206.50     | 0.03%             | 2028-07-25      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                     | International Business Machines Corp                                            | CUSIP: 459200KC4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    103000 | PA      | $82306.27     | 0.05%             | 2049-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                       | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AS9<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61309.80     | 0.04%             | 2030-05-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                     | RTX Corp                                                                        | CUSIP: 75513ECH2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    129000 | PA      | $127857.06    | 0.07%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HCA INC                                      | HCA Inc                                                                         | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60032.50     | 0.03%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                       | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AL4<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    129000 | PA      | $127757.73    | 0.07%             | 2026-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                     | Octane Receivables Trust 2021-2                                                 | CUSIP: 67578AAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    541000 | PA      | $534531.15    | 0.31%             | 2029-05-21      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                             | Bank of Montreal                                                                | CUSIP: 06368L8K5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    126000 | PA      | $126356.58    | 0.07%             | 2027-09-10      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                   | US Bancorp                                                                      | CUSIP: 91159HJG6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    298000 | PA      | $296042.14    | 0.17%             | 2033-07-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                           | RGA Global Funding                                                              | CUSIP: 76209PAE3<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24902.64     | 0.01%             | 2029-05-24      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CKW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    608000 | PA      | $621917.50    | 0.36%             | 2031-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COUSINS PROPERTIES LP                        | Cousins Properties LP                                                           | CUSIP: 222793AC5<br>LEI: 254900ZQIHJ5FQH4C329 | Long             | DBT              |  | US        |     59000 | PA      | $60546.39     | 0.03%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CME8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6170000 | PA      | $6206393.37   | 3.56%             | 2026-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                       | Delek Logistics Partners LP / Delek Logistics Finance Corp                      | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     41000 | PA      | $42920.85     | 0.02%             | 2029-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                       | Blue Owl Credit Income Corp                                                     | CUSIP: 09581CAB7<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    172000 | PA      | $178761.32    | 0.10%             | 2029-09-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CC7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24748.80     | 0.01%             | 2036-01-29      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT LIGHT & PWR                      | Connecticut Light and Power Co/The                                              | CUSIP: 207597ET8<br>LEI: 549300O45IUXEDS1VZ32 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25657.75     | 0.01%             | 2030-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                              | Chevron USA Inc                                                                 | CUSIP: 166756AZ9<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60470.40     | 0.03%             | 2027-02-26      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| NYU LANGONE HOSPITALS                        | NYU Langone Hospitals                                                           | CUSIP: 62952EAE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $123837.25    | 0.07%             | 2047-07-01      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust        | Wells Fargo Commercial Mortgage Trust 2025-5C5                                  | CUSIP: 95004MAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $524270.45    | 0.30%             | 2058-07-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                   | US Bancorp                                                                      | CUSIP: 91159HJP6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    121000 | PA      | $124374.69    | 0.07%             | 2027-10-26      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                             | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20754GAA8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     86536 | PA      | $86562.73     | 0.05%             | 2044-02-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                       | Tesla Auto Lease Trust 2024-A                                                   | CUSIP: 88166VAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    130699 | PA      | $131068.37    | 0.08%             | 2027-06-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                             | BAT Capital Corp                                                                | CUSIP: 05526DCB9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     41000 | PA      | $42198.43     | 0.02%             | 2032-08-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                      | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAL0<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55746.35     | 0.03%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                          | American Tower Corp                                                             | CUSIP: 03027XCN8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     65000 | PA      | $66307.80     | 0.04%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC                      | AEP Transmission Co LLC                                                         | CUSIP: 00115AAR0<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |     34000 | PA      | $34470.90     | 0.02%             | 2034-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                             | T-Mobile USA Inc                                                                | CUSIP: 87264ADT9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     63000 | PA      | $63601.02     | 0.04%             | 2035-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit     | Ford Credit Auto Owner Trust 2021-REV1                                          | CUSIP: 345340AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    542000 | PA      | $532267.69    | 0.31%             | 2033-10-17      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| LABL INC                                     | LABL Inc                                                                        | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |    410000 | PA      | $302338.10    | 0.17%             | 2031-10-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2024-1 AA PTT                     | United Airlines 2024-1 Class AA Pass Through Trust                              | CUSIP: 90932WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    282898 | PA      | $287806.07    | 0.17%             | 2037-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                             | Altria Group Inc                                                                | CUSIP: 02209SBU6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69974.10     | 0.04%             | 2030-08-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                             | CUSIP: 912810SC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7562000 | PA      | $5664410.63   | 3.25%             | 2048-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Fannie Mae Pool                                                                 | CUSIP: 3138EHUP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    104940 | PA      | $99270.74     | 0.06%             | 2042-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                           | BMO 2025-5C10 Mortgage Trust                                                    | CUSIP: 05615BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $522490.90    | 0.30%             | 2058-05-15      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                   | Fiserv Inc                                                                      | CUSIP: 337738BC1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    141000 | PA      | $130214.91    | 0.07%             | 2030-06-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                        | Toronto-Dominion Bank/The                                                       | CUSIP: 89115KAD2<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     59000 | PA      | $59697.38     | 0.03%             | 2028-06-02      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                           | RGA Global Funding                                                              | CUSIP: 76209PAJ2<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71335.83     | 0.04%             | 2032-08-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                       | US 2YR NOTE (CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        10 | NC      | $1312.51      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN & BROWN INC                            | Brown & Brown Inc                                                               | CUSIP: 115236AH4<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60291.60     | 0.03%             | 2026-12-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                       | Philip Morris International Inc                                                 | CUSIP: 718172DU0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     62000 | PA      | $61407.28     | 0.04%             | 2035-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                              | CVS Health Corp                                                                 | CUSIP: 126650EJ5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     69000 | PA      | $69304.98     | 0.04%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                  | PepsiCo Inc                                                                     | CUSIP: 713448GJ1<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59704.46     | 0.03%             | 2032-07-23      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                            | HSBC Holdings PLC                                                               | CUSIP: 404280EL9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    320000 | PA      | $328096.00    | 0.19%             | 2035-11-18      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust               | Carvana Auto Receivables Trust 2021-N4                                          | CUSIP: 14687HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     48119 | PA      | $47001.40     | 0.03%             | 2028-09-11      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                    | College Ave Student Loans 2021-C LLC                                            | CUSIP: 19424WAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    157274 | PA      | $148680.17    | 0.09%             | 2055-07-26      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                       | Marriott International Inc/MD                                                   | CUSIP: 571903BF9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27510.30     | 0.02%             | 2032-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae                                                                      | CUSIP: 21H060697<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     88000 | PA      | $89755.86     | 0.05%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                              | McDonald's Corp                                                                 | CUSIP: 58013MGB4<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71248.50     | 0.04%             | 2031-02-12      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CJV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    679000 | PA      | $679238.71    | 0.39%             | 2026-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                          | Synchrony Financial                                                             | CUSIP: 87165BAV5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10359.40     | 0.01%             | 2030-08-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    257000 | PA      | $229485.58    | 0.13%             | 2032-10-21      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE                      | Crescent Energy Finance LLC                                                     | CUSIP: 45344LAG8<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55842.05     | 0.03%             | 2034-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Fannie Mae Pool                                                                 | CUSIP: 31385XJW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     31991 | PA      | $32935.31     | 0.02%             | 2033-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                       | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KDG2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20343.20     | 0.01%             | 2028-02-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                  | Cargill Inc                                                                     | CUSIP: 141781CD4<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20392.60     | 0.01%             | 2035-02-11      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                       | American Honda Finance Corp                                                     | CUSIP: 02665WGD7<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60460.20     | 0.03%             | 2027-07-09      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                         | CUSIP: 44891ACN5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    179000 | PA      | $187194.62    | 0.11%             | 2028-09-21      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                              | Chevron USA Inc                                                                 | CUSIP: 166756BJ4<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |     69000 | PA      | $69379.50     | 0.04%             | 2030-10-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust | Arivo Acceptance Auto Loan Receivables Trust 2024-1                             | CUSIP: 039943AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     44106 | PA      | $44488.07     | 0.03%             | 2028-04-17      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| LBJ INFRASTRUCTURE GROUP                     | LBJ Infrastructure Group LLC                                                    | CUSIP: 50203UAA1<br>LEI: 254900DEJSU2OQFZWQ97 | Long             | DBT              | CORP              | US        |    302000 | PA      | $203952.68    | 0.12%             | 2057-12-31      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                 | Stryker Corp                                                                    | CUSIP: 863667BK6<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20307.40     | 0.01%             | 2028-02-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                   | US Bancorp                                                                      | CUSIP: 91159HJL5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    299000 | PA      | $297274.77    | 0.17%             | 2034-02-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                   | Leidos Inc                                                                      | CUSIP: 52532XAK1<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |     56000 | PA      | $57853.04     | 0.03%             | 2032-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                              | Nissan Motor Co Ltd                                                             | CUSIP: 654744AD3<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    325000 | PA      | $303702.75    | 0.17%             | 2030-09-17      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                          | American Express Co                                                             | CUSIP: 025816EH8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     62000 | PA      | $64736.06     | 0.04%             | 2036-04-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                         | CUSIP: 44891ADW4<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     54000 | PA      | $55107.00     | 0.03%             | 2030-06-24      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     95000 | PA      | $97850.95     | 0.06%             | 2031-01-28      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                           | BMW US Capital LLC                                                              | CUSIP: 05565ECY9<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |     61000 | PA      | $62725.69     | 0.04%             | 2030-03-21      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                     | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599CA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      9000 | PA      | $9258.93      | 0.01%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HFX FUNDING ISSUER                           | HFX FUNDING ISSUER                                                              | CUSIP: 40422GAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      5676 | PA      | $5650.42      | 0.00%             | 2035-03-15      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C                     | American Water Capital Corp                                                     | CUSIP: 03040WBF1<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61097.40     | 0.04%             | 2035-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                     | Dext ABS 2023-1 LLC                                                             | CUSIP: 25216BAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    131936 | PA      | $132547.99    | 0.08%             | 2032-03-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| VIKING BAKED GOODS ACQUI                     | Viking Baked Goods Acquisition Corp                                             | CUSIP: 92676AAA5<br>LEI: 254900DBFD2H1FJK0893 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297369.00    | 0.17%             | 2031-11-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Freddie Mac Gold Pool                                                           | CUSIP: 3132Y3ZL1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    242273 | PA      | $237567.93    | 0.14%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                          | Cardinal Health Inc                                                             | CUSIP: 14149YBU1<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |     66000 | PA      | $66110.22     | 0.04%             | 2030-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                     | Caterpillar Financial Services Corp                                             | CUSIP: 14913UBB5<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     69000 | PA      | $69241.50     | 0.04%             | 2028-08-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BS3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     98000 | PA      | $104177.92    | 0.06%             | 2034-08-18      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust               | Carvana Auto Receivables Trust 2021-N3                                          | CUSIP: 14687GAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30483 | PA      | $29495.90     | 0.02%             | 2028-06-12      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                    | ONEOK Inc                                                                       | CUSIP: 682680DD2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68404.70     | 0.04%             | 2055-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CLY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1653000 | PA      | $1661652.41   | 0.95%             | 2026-11-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                       | Marriott International Inc/MD                                                   | CUSIP: 571903BV4<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71110.05     | 0.04%             | 2027-07-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    118000 | PA      | $121849.16    | 0.07%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                        | Directv Financing LLC / Directv Financing Co-Obligor Inc                        | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    349000 | PA      | $346396.46    | 0.20%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE                     | Northwestern Mutual Life Insurance Co/The                                       | CUSIP: 668138AF7<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |     60000 | PA      | $62709.00     | 0.04%             | 2055-05-29      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                       | American Honda Finance Corp                                                     | CUSIP: 02665WGF2<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61147.20     | 0.04%             | 2032-07-09      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CI FINANCIAL CORP                            | CI Financial Corp                                                               | CUSIP: 125491AT7<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |    332000 | PA      | $352202.20    | 0.20%             | 2029-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                   | PacifiCorp                                                                      | CUSIP: 695114DE5<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    305000 | PA      | $287913.90    | 0.17%             | 2055-01-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| L Street Securities                          | Wells Fargo Credit Risk Transfer Securities Trust 2015                          | CUSIP: 949771AC3<br>LEI: 549300T6W1U156OOG754 | Long             | ABS-MBS          | CORP              | US        |     91341 | PA      | $95477.17     | 0.05%             | 2025-11-25      | Floating      | 9.71%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                            | Johnson & Johnson                                                               | CUSIP: 478160DL5<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60651.41     | 0.03%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                         | Lockheed Martin Corp                                                            | CUSIP: 539830CK3<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60310.80     | 0.03%             | 2028-08-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CINTAS CORPORATION NO. 2                     | Cintas Corp No 2                                                                | CUSIP: 17252MAR1<br>LEI: 549300QVUQTTKMTE0G41 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62299.46     | 0.04%             | 2028-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YES0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     86000 | PA      | $86516.00     | 0.05%             | 2037-04-20      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     62000 | PA      | $63866.82     | 0.04%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                       | Extra Space Storage LP                                                          | CUSIP: 30225VAV9<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |     70000 | PA      | $70208.60     | 0.04%             | 2033-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MARS INC                                     | Mars Inc                                                                        | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     67000 | PA      | $68284.39     | 0.04%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| OMNIS FUNDING TRUST                          | Omnis Funding Trust                                                             | CUSIP: 68218WAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    289000 | PA      | $298239.33    | 0.17%             | 2055-05-15      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                           | RGA Global Funding                                                              | CUSIP: 76209PAH6<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71178.21     | 0.04%             | 2028-08-25      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                       | Canadian Imperial Bank of Commerce                                              | CUSIP: 13607PH98<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |     63000 | PA      | $63925.47     | 0.04%             | 2029-03-31      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                       | Blue Owl Credit Income Corp                                                     | CUSIP: 09581CAD3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25309.50     | 0.01%             | 2030-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                      | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    126000 | PA      | $126498.96    | 0.07%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GLOBAL                     | Sammons Financial Group Global Funding                                          | CUSIP: 79587J2B8<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25444.75     | 0.01%             | 2028-01-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                        | Foundry JV Holdco LLC                                                           | CUSIP: 350930AJ2<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    347000 | PA      | $364988.48    | 0.21%             | 2037-01-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Fannie Mae Pool                                                                 | CUSIP: 31371K3A7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14386 | PA      | $14805.97     | 0.01%             | 2033-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GF                         | American National Global Funding                                                | CUSIP: 02771D2B9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     59000 | PA      | $60096.81     | 0.03%             | 2030-06-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51551.31     | 0.03%             | 2028-07-25      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                     | Principal Life Global Funding II                                                | CUSIP: 7425APAD7<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |     69000 | PA      | $69144.21     | 0.04%             | 2028-08-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    161000 | PA      | $164031.63    | 0.09%             | 2035-07-19      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     33000 | PA      | $33336.60     | 0.02%             | 2028-04-23      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                             | CUSIP: 912810SH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1175000 | PA      | $831266.60    | 0.48%             | 2049-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc                             | Altria Group Inc                                                                | CUSIP: 02209SAM5<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    247000 | PA      | $202241.13    | 0.12%             | 2042-08-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BOSTON GAS COMPANY                           | Boston Gas Co                                                                   | CUSIP: 100743AJ2<br>LEI: FN7P4E7K9JOBORDEUX61 | Long             | DBT              | CORP              | US        |    359000 | PA      | $301771.81    | 0.17%             | 2042-02-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO G & E                              | San Diego Gas & Electric Co                                                     | CUSIP: 797440CG7<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |     63000 | PA      | $64635.48     | 0.04%             | 2035-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET LENDING PAR                     | Sixth Street Lending Partners                                                   | CUSIP: 829932AD4<br>LEI: 549300S9P1HMDERGCR64 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25362.00     | 0.01%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                         | Keurig Dr Pepper Inc                                                            | CUSIP: 49271VBA7<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62026.66     | 0.04%             | 2030-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                      | Oncor Electric Delivery Co LLC                                                  | CUSIP: 68233JCW2<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25436.50     | 0.01%             | 2029-11-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                     | Toyota Motor Credit Corp                                                        | CUSIP: 89236TNG6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60505.80     | 0.03%             | 2027-05-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JACKSON NATL LIFE GLOBAL                     | Jackson National Life Global Funding                                            | CUSIP: 46849CJP7<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151315.50    | 0.09%             | 2028-06-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO, LLC                         | Signal Peak CLO 14 Ltd                                                          | CUSIP: 82667FAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $301198.50    | 0.17%             | 2038-01-22      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| GSF 2021 1 ISSUER LLC                        | GSF 2021 1 ISSUER LLC                                                           | CUSIP: 36261CAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25000 | PA      | $24616.61     | 0.01%             | 2026-08-17      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I   | Research-Driven Pagaya Motor Trust 2024-1                                       | CUSIP: 76088YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     87947 | PA      | $88812.66     | 0.05%             | 2032-06-25      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GMM8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     26000 | PA      | $26785.72     | 0.02%             | 2036-01-24      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                              | Xcel Energy Inc                                                                 | CUSIP: 98389BBE9<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |     63000 | PA      | $64447.74     | 0.04%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                     | Citizens Financial Group Inc                                                    | CUSIP: 174610BJ3<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36820.44     | 0.02%             | 2031-03-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                            | Ares Capital Corp                                                               | CUSIP: 04010LBK8<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59762.28     | 0.03%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NSTAR ELECTRIC CO                            | NSTAR Electric Co                                                               | CUSIP: 67021CAX5<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61477.80     | 0.04%             | 2030-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| COMERICA INC                                 | Comerica Inc                                                                    | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    287000 | PA      | $297630.48    | 0.17%             | 2030-01-30      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61748UAF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     26000 | PA      | $26879.32     | 0.02%             | 2036-01-18      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                         | Royal Bank of Canada                                                            | CUSIP: 78017DAF5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     63000 | PA      | $63529.83     | 0.04%             | 2028-03-27      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| BROOKLYN UNION GAS CO                        | Brooklyn Union Gas Co/The                                                       | CUSIP: 114259AP9<br>LEI: 83BQ1DXS6VA5GZFK8S35 | Long             | DBT              | CORP              | US        |    367000 | PA      | $298371.00    | 0.17%             | 2046-03-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                    | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F052698<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    300000 | PA      | $301757.82    | 0.17%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                   | US Bancorp                                                                      | CUSIP: 91159HJV3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61671.60     | 0.04%             | 2031-05-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Bank5                                        | BANK5 2025-5YR14                                                                | CUSIP: 06604MAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $629398.20    | 0.36%             | 2058-04-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                             | T-Mobile USA Inc                                                                | CUSIP: 87264ABS3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9477.50      | 0.01%             | 2029-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                   | Fiserv Inc                                                                      | CUSIP: 337738BQ0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69753.60     | 0.04%             | 2035-08-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                       | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAU8<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |     46000 | PA      | $46517.04     | 0.03%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                        | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150BD5<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    288000 | PA      | $297599.04    | 0.17%             | 2035-02-02      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                             | Bank of Montreal                                                                | CUSIP: 06368LGV2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     61000 | PA      | $62576.24     | 0.04%             | 2028-02-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                               | Salesforce Inc                                                                  | CUSIP: 79466LAH7<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    141000 | PA      | $132122.64    | 0.08%             | 2028-07-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                       | US 10YR ULTRA FUT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        58 | NC      | $22242.19     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 172967NS6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     52000 | PA      | $52306.80     | 0.03%             | 2028-05-24      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                         | CUSIP: 44891ADP9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     63000 | PA      | $63506.52     | 0.04%             | 2027-03-27      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                          | Synchrony Financial                                                             | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    329000 | PA      | $346808.77    | 0.20%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                     | International Business Machines Corp                                            | CUSIP: 459200KZ3<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    343000 | PA      | $310936.36    | 0.18%             | 2053-02-06      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                      | Bristol-Myers Squibb Co                                                         | CUSIP: 110122EL8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    122000 | PA      | $116766.20    | 0.07%             | 2064-02-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                           | BMW US Capital LLC                                                              | CUSIP: 05565ECU7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65519.35     | 0.04%             | 2027-03-19      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae                                                                      | CUSIP: 21H032696<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    150000 | PA      | $136519.67    | 0.08%             | 2054-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                       | Santander Holdings USA Inc                                                      | CUSIP: 80282KBN5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |     68000 | PA      | $69589.84     | 0.04%             | 2029-03-20      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE HOLDINGS FINA                     | Blackstone Holdings Finance Co LLC                                              | CUSIP: 09256BAL1<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |    384000 | PA      | $357342.72    | 0.21%             | 2030-01-10      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                     | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    368000 | PA      | $315596.80    | 0.18%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                           | Meta Platforms Inc                                                              | CUSIP: 30303M8R6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    104000 | PA      | $103591.28    | 0.06%             | 2063-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                | Lendbuzz Securitization Trust 2023-2                                            | CUSIP: 52608MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89084 | PA      | $90581.29     | 0.05%             | 2028-10-16      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Government National Mortgage Association                                        | CUSIP: 38373MVZ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    104948 | PA      | $0.90         | 0.00%             | 2046-07-16      | Variable      | 0.16%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GMB2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    295000 | PA      | $297082.70    | 0.17%             | 2035-08-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                     | Neuberger Berman Loan Advisers CLO 59 Ltd                                       | CUSIP: 640962AA4<br>LEI: 254900ERHU6RJHYSL744 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $501148.00    | 0.29%             | 2039-01-23      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                        | RIO TINTO FIN USA PLC                                                           | CUSIP: 76720AAT3<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |     65000 | PA      | $66613.30     | 0.04%             | 2032-03-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                       | Blue Owl Credit Income Corp                                                     | CUSIP: 69120VAZ4<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    122000 | PA      | $127479.02    | 0.07%             | 2031-03-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                      | National Australia Bank Ltd                                                     | CUSIP: 632525AU5<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |    397000 | PA      | $356680.68    | 0.20%             | 2030-08-21      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                         | CUSIP: 44891ADG9<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     17000 | PA      | $17009.69     | 0.01%             | 2029-09-26      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                     | Toyota Motor Credit Corp                                                        | CUSIP: 89236TNJ0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61390.80     | 0.04%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN                     | Brighthouse Financial Inc                                                       | CUSIP: 10922NAF0<br>LEI: 5493003T8SZSHOGGAW52 | Long             | DBT              | CORP              | US        |    461000 | PA      | $344652.82    | 0.20%             | 2047-06-22      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae                                                                      | CUSIP: 21H042695<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    163000 | PA      | $156939.58    | 0.09%             | 2055-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                 | Centene Corp                                                                    | CUSIP: 15135BAZ4<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    417000 | PA      | $353645.19    | 0.20%             | 2031-08-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| PRICOA GLOBAL FUNDING 1                      | Pricoa Global Funding I                                                         | CUSIP: 74153WCY3<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150903.00    | 0.09%             | 2032-08-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WESTERN-SOUTHERN GLOBAL                      | Western-Southern Global Funding                                                 | CUSIP: 95954A2B8<br>LEI: 635400PFYEGVSGK4VB37 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60417.00     | 0.03%             | 2028-07-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TEXAS INSTRUMENTS INC                        | Texas Instruments Inc                                                           | CUSIP: 882508CK8<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60933.60     | 0.03%             | 2030-05-23      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                           | BMW US Capital LLC                                                              | CUSIP: 05565ECW3<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66014.00     | 0.04%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PUB SVC NEW HAMP                             | Public Service Co of New Hampshire                                              | CUSIP: 744538AH2<br>LEI: 549300SHPFALUPKK2351 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59594.13     | 0.03%             | 2028-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| INVITATION HOMES OP                          | Invitation Homes Operating Partnership LP                                       | CUSIP: 46188BAH5<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              |  | US        |     67000 | PA      | $66900.17     | 0.04%             | 2033-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                         | Royal Bank of Canada                                                            | CUSIP: 78017DAA6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     26000 | PA      | $26465.92     | 0.02%             | 2029-01-24      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust               | Pagaya AI Debt Trust 2024-3                                                     | CUSIP: 69547XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    111004 | PA      | $111709.60    | 0.06%             | 2031-10-15      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                | Amphenol Corp                                                                   | CUSIP: 032095AT8<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60582.00     | 0.03%             | 2028-06-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BLUE OWL FINANCE LLC                         | Blue Owl Finance LLC                                                            | CUSIP: 09581JAT3<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |    336000 | PA      | $350508.48    | 0.20%             | 2034-04-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     26000 | PA      | $26826.80     | 0.02%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                         | Woodside Finance Ltd                                                            | CUSIP: 980236AV5<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |     45000 | PA      | $46475.10     | 0.03%             | 2035-05-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                          | FS KKR Capital Corp                                                             | CUSIP: 302635AP2<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24831.75     | 0.01%             | 2030-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     76000 | PA      | $77634.00     | 0.04%             | 2028-04-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                            | CBRE Services Inc                                                               | CUSIP: 12505BAJ9<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62894.66     | 0.04%             | 2030-06-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                       | Santander Holdings USA Inc                                                      | CUSIP: 80282KBJ4<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    260000 | PA      | $272682.80    | 0.16%             | 2030-01-09      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Freddie Mac Pool                                                                | CUSIP: 3133B6UF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    740009 | PA      | $649650.20    | 0.37%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                     | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     37000 | PA      | $37074.00     | 0.02%             | 2035-12-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                         | Las Vegas Sands Corp                                                            | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     44000 | PA      | $45013.32     | 0.03%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust               | Pagaya AI Debt Trust 2024-2                                                     | CUSIP: 694961AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     64820 | PA      | $65277.49     | 0.04%             | 2031-08-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae II Pool                                                              | CUSIP: 36179XX68<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    452616 | PA      | $458271.31    | 0.26%             | 2053-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                             | Ryder System Inc                                                                | CUSIP: 78355HLE7<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60395.35     | 0.03%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                     | Smyrna Ready Mix Concrete LLC                                                   | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    129000 | PA      | $129332.82    | 0.07%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     61000 | PA      | $63485.75     | 0.04%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                          | Freddie Mac STACR REMIC Trust 2024-DNA1                                         | CUSIP: 35564NAX1<br>LEI: 529900N6M839KA246662 | Long             | ABS-MBS          | USGSE             | US        |    194428 | PA      | $195031.78    | 0.11%             | 2044-02-25      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Prudential Financial Inc                     | Prudential Financial Inc                                                        | CUSIP: 744320BF8<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    292000 | PA      | $296844.28    | 0.17%             | 2048-09-15      | Variable      | 5.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Fannie Mae Pool                                                                 | CUSIP: 31402C4G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9682 | PA      | $9984.37      | 0.01%             | 2034-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CEM9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    148000 | PA      | $144207.50    | 0.08%             | 2029-04-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                          | American Express Co                                                             | CUSIP: 025816DP1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    292000 | PA      | $295471.88    | 0.17%             | 2028-02-16      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE GLOB FUND                      | Guardian Life Global Funding                                                    | CUSIP: 40139LBK8<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |     62000 | PA      | $63286.50     | 0.04%             | 2030-04-28      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BLOCK FINANCIAL LLC                          | Block Financial LLC                                                             | CUSIP: 093662AK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     71000 | PA      | $71429.55     | 0.04%             | 2032-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                  | PepsiCo Inc                                                                     | CUSIP: 713448GD4<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20143.60     | 0.01%             | 2027-02-07      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                | Nordstrom Inc                                                                   | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    382000 | PA      | $354687.00    | 0.20%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                      | Oncor Electric Delivery Co LLC                                                  | CUSIP: 68233JCZ5<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |     47000 | PA      | $48339.50     | 0.03%             | 2035-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                        | Stellantis Finance US Inc                                                       | CUSIP: 85855CAL4<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    301000 | PA      | $303356.83    | 0.17%             | 2035-03-18      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                     | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    389000 | PA      | $335609.75    | 0.19%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                      | Corebridge Global Funding                                                       | CUSIP: 00138CBF4<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60007.72     | 0.03%             | 2030-06-06      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Precision Castparts Corp                     | Precision Castparts Corp                                                        | CUSIP: 740189AH8<br>LEI: 0XOOAY5P5J7Q734SEC89 | Long             | DBT              | CORP              | US        |    364000 | PA      | $297915.80    | 0.17%             | 2043-01-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    306000 | PA      | $264307.50    | 0.15%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                        | Republic Services Inc                                                           | CUSIP: 760759BM1<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66385.80     | 0.04%             | 2035-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | Broadcom Inc                                                                    | CUSIP: 11135FCF6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25753.25     | 0.01%             | 2030-04-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                       | US ULTRA BOND CBT DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -4 | NC      | $3250.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CIVITAS RESOURCES INC                        | Civitas Resources Inc                                                           | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     55000 | PA      | $58191.65     | 0.03%             | 2033-06-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                      | Corebridge Global Funding                                                       | CUSIP: 00138CBD9<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25432.00     | 0.01%             | 2028-01-07      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CFJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1949000 | PA      | $1912303.97   | 1.10%             | 2029-08-31      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| JAPAN TOBACCO INC                            | Japan Tobacco Inc                                                               | CUSIP: 471105AE6<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | DBT              | CORP              | JP        |    150000 | PA      | $158335.50    | 0.09%             | 2035-06-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BT1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    122000 | PA      | $125074.40    | 0.07%             | 2027-10-20      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 172967MM0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     82000 | PA      | $80178.78     | 0.05%             | 2041-03-26      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                       | Pacific Gas and Electric Co                                                     | CUSIP: 694308HR1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    444000 | PA      | $321868.92    | 0.18%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    284000 | PA      | $294374.52    | 0.17%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                             | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20753GAB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    135071 | PA      | $135134.27    | 0.08%             | 2044-05-25      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                         | Bank of America Corp                                                            | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54027.05     | 0.03%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD FINANCE INC                       | Brookfield Finance Inc                                                          | CUSIP: 11271LAQ5<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |     66000 | PA      | $65578.26     | 0.04%             | 2036-01-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     61000 | PA      | $62895.27     | 0.04%             | 2031-04-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| AMERIGAS PART/FIN CORP                       | AmeriGas Partners LP / AmeriGas Finance Corp                                    | CUSIP: 030981AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $62821.80     | 0.04%             | 2030-05-20      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | Broadcom Inc                                                                    | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    297000 | PA      | $297237.60    | 0.17%             | 2028-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CD&R SMOKEY / RADIO SYS                      | CD&R Smokey Buyer Inc / Radio Systems Corp                                      | CUSIP: 12515KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     34000 | PA      | $25871.28     | 0.01%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                           | Ford Motor Co                                                                   | CUSIP: 345370CS7<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    110000 | PA      | $89505.90     | 0.05%             | 2046-12-08      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                         | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    307000 | PA      | $305799.63    | 0.18%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                             | CUSIP: 912810SD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $1824902.35   | 1.05%             | 2048-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                        | Continental Resources Inc/OK                                                    | CUSIP: 212015AV3<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    239000 | PA      | $205238.86    | 0.12%             | 2032-04-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                          | Freddie Mac STACR Debt Notes 2015-HQA2                                          | CUSIP: 3137G0HJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     76842 | PA      | $77568.99     | 0.04%             | 2028-05-25      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    286000 | PA      | $301092.22    | 0.17%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                     | International Business Machines Corp                                            | CUSIP: 459200LF6<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101412.00    | 0.06%             | 2028-02-10      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust       | Santander Drive Auto Receivables Trust 2023-3                                   | CUSIP: 80285XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    228000 | PA      | $229070.60    | 0.13%             | 2028-07-17      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| RELX CAPITAL INC                             | RELX Capital Inc                                                                | CUSIP: 74949LAF9<br>LEI: 2R15C3RTKJN1RCBOV146 | Long             | DBT              | CORP              | US        |     63000 | PA      | $64334.97     | 0.04%             | 2030-03-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CKX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1152000 | PA      | $1176929.99   | 0.68%             | 2029-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                       | US LONG BOND(CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        64 | NC      | $38671.87     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                     | AT&T Inc                                                                        | CUSIP: 00206RMX7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59858.45     | 0.03%             | 2030-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                             | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $667460.93    | 0.38%             | 2054-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FS KKR CAPITAL CORP                          | FS KKR Capital Corp                                                             | CUSIP: 302635AN7<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24506.64     | 0.01%             | 2029-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                             | BAT Capital Corp                                                                | CUSIP: 05526DBR5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     55000 | PA      | $52378.70     | 0.03%             | 2028-03-25      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                             | Altria Group Inc                                                                | CUSIP: 02209SBV4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69916.70     | 0.04%             | 2035-08-06      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                       | Fairfax Financial Holdings Ltd                                                  | CUSIP: 303901BV3<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |     59000 | PA      | $60286.20     | 0.03%             | 2035-05-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21130.20     | 0.01%             | 2035-04-22      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PDA1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     53000 | PA      | $53064.66     | 0.03%             | 2028-04-26      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| GCI Funding I LLC                            | GCI Funding I LLC                                                               | CUSIP: 36166VAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    191512 | PA      | $177639.72    | 0.10%             | 2046-06-18      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                   | PacifiCorp                                                                      | CUSIP: 695114DA3<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    381000 | PA      | $347411.04    | 0.20%             | 2054-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Fannie Mae Pool                                                                 | CUSIP: 31418D7E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    721025 | PA      | $576245.86    | 0.33%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                           | BMW US Capital LLC                                                              | CUSIP: 05565EDA0<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70046.90     | 0.04%             | 2027-08-11      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Silver Point CLO, Ltd                        | Silver Point CLO 12 Ltd                                                         | CUSIP: 82809MAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $750000.00    | 0.43%             | 2038-10-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                     | Enterprise Products Operating LLC                                               | CUSIP: 29379VBN2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    129000 | PA      | $127902.21    | 0.07%             | 2077-08-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                        | Republic Services Inc                                                           | CUSIP: 760759BL3<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66701.70     | 0.04%             | 2030-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                         | Mercedes-Benz Finance North America LLC                                         | CUSIP: 58769JBC0<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151072.50    | 0.09%             | 2027-04-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                            | HSBC Holdings PLC                                                               | CUSIP: 404280CK3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    374000 | PA      | $337527.52    | 0.19%             | 2031-08-18      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YEK7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     48000 | PA      | $46846.56     | 0.03%             | 2028-01-21      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| Atalaya Equipment Leasing Fund I LP          | Atalaya Equipment Leasing Trust 21-1                                            | CUSIP: 046497AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    461409 | PA      | $458180.24    | 0.26%             | 2028-06-15      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                         | Kraft Heinz Foods Co                                                            | CUSIP: 50077LBM7<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60195.34     | 0.03%             | 2032-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                       | Philip Morris International Inc                                                 | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    196000 | PA      | $200241.44    | 0.11%             | 2034-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                          | General Electric Co                                                             | CUSIP: 369604BZ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59279.66     | 0.03%             | 2030-07-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HONDA MOTOR CO LTD                           | Honda Motor Co Ltd                                                              | CUSIP: 438127AD4<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |     60000 | PA      | $60340.80     | 0.03%             | 2028-07-08      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                  | Oracle Corp                                                                     | CUSIP: 68389XCZ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9253.71      | 0.01%             | 2032-02-03      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                         | Glencore Funding LLC                                                            | CUSIP: 378272BY3<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     63000 | PA      | $63979.02     | 0.04%             | 2028-04-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Multifamily Structured Credit Risk           | Freddie Mac Mscr Trust Mn1                                                      | CUSIP: 35563FAA9<br>LEI: 549300XWC4JMK6CH6K84 | Long             | ABS-MBS          | USGSE             | US        |     34940 | PA      | $34834.73     | 0.02%             | 2051-01-25      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                  | Walmart Inc                                                                     | CUSIP: 931142FN8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62892.18     | 0.04%             | 2030-04-28      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                      | MPLX LP                                                                         | CUSIP: 55336VCB4<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     67000 | PA      | $66423.13     | 0.04%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                            | State Street Corp                                                               | CUSIP: 857477CU5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60828.00     | 0.03%             | 2028-02-28      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                 | Voya CLO 2018-3 Ltd                                                             | CUSIP: 92917KAQ7<br>LEI: 54930068MLVF3BECCK93 | Long             | ABS-CBDO         | CORP              | KY        |    183238 | PA      | $183503.13    | 0.11%             | 2031-10-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    332000 | PA      | $299756.16    | 0.17%             | 2033-02-04      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                              | CVS Health Corp                                                                 | CUSIP: 126650EL0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     69000 | PA      | $67962.93     | 0.04%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                           | Banco Santander SA                                                              | CUSIP: 05971KAG4<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $360608.00    | 0.21%             | 2030-12-03      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                               | Eli Lilly & Co                                                                  | CUSIP: 532457DE5<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71319.50     | 0.04%             | 2035-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                  | PepsiCo Inc                                                                     | CUSIP: 713448GA0<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20268.60     | 0.01%             | 2028-02-07      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59663.75     | 0.03%             | 2029-05-09      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JAPAN TOBACCO INC                            | Japan Tobacco Inc                                                               | CUSIP: 471105AC0<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | DBT              | CORP              | JP        |    150000 | PA      | $152542.50    | 0.09%             | 2028-05-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                              | Chevron USA Inc                                                                 | CUSIP: 166756BG0<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |     69000 | PA      | $69210.45     | 0.04%             | 2027-08-13      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     62000 | PA      | $64014.38     | 0.04%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| PRES & FELLOWS OF HARVAR                     | President and Fellows of Harvard College                                        | CUSIP: 740816AG8<br>LEI: 6S3X7J22E861RNTJSA74 | Long             | DBT              | CORP              | US        |    165000 | PA      | $188298.00    | 0.11%             | 2039-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GLOBAL                     | Sammons Financial Group Global Funding                                          | CUSIP: 79587J2C6<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60876.60     | 0.03%             | 2030-06-12      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     26000 | PA      | $26808.34     | 0.02%             | 2031-01-24      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                       | Bunge Ltd Finance Corp                                                          | CUSIP: 120568BQ2<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |     69000 | PA      | $69371.22     | 0.04%             | 2030-08-04      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                         | Royal Bank of Canada                                                            | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     26000 | PA      | $26772.46     | 0.02%             | 2031-02-04      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                     | Constellation Brands Inc                                                        | CUSIP: 21036PBS6<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62876.06     | 0.04%             | 2030-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                     | AT&T Inc                                                                        | CUSIP: 00206RJX1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    135000 | PA      | $130751.55    | 0.08%             | 2027-06-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae                                                                      | CUSIP: 21H030690<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    195000 | PA      | $172733.77    | 0.10%             | 2055-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SKANDINAVISKA ENSKILDA                       | Skandinaviska Enskilda Banken AB                                                | CUSIP: 830505BK8<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |    200000 | PA      | $200472.00    | 0.12%             | 2030-09-03      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                         | CUSIP: 44891ADQ7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     63000 | PA      | $64348.83     | 0.04%             | 2030-03-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                         | Royal Bank of Canada                                                            | CUSIP: 78017DAH1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     63000 | PA      | $64493.73     | 0.04%             | 2031-05-02      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| ARIZONA PUBLIC SERVICE                       | Arizona Public Service Co                                                       | CUSIP: 040555DJ0<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |     67000 | PA      | $66742.72     | 0.04%             | 2055-08-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                            | HSBC Holdings PLC                                                               | CUSIP: 404280EC9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    313000 | PA      | $352685.27    | 0.20%             | 2034-11-13      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                              | MVW 2021-2 LLC                                                                  | CUSIP: 55400KAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    246812 | PA      | $235877.34    | 0.14%             | 2039-05-20      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Freddie Mac Gold Pool                                                           | CUSIP: 3128M43N1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7337 | PA      | $7580.31      | 0.00%             | 2035-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PRICOA GLOBAL FUNDING 1                      | Pricoa Global Funding I                                                         | CUSIP: 74153WCW7<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152398.50    | 0.09%             | 2030-05-28      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                     | Omega Healthcare Investors Inc                                                  | CUSIP: 681936BP4<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              |  | US        |     11000 | PA      | $11157.85     | 0.01%             | 2030-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                      | John Deere Capital Corp                                                         | CUSIP: 24422EXY0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25180.75     | 0.01%             | 2027-01-08      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                       | Marriott International Inc/MD                                                   | CUSIP: 571903BL6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    293000 | PA      | $298651.97    | 0.17%             | 2029-04-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                     | National Rural Utilities Cooperative Finance Corp                               | CUSIP: 63743HFZ0<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71264.12     | 0.04%             | 2028-08-25      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                               | Starbucks Corp                                                                  | CUSIP: 855244BN8<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59613.01     | 0.03%             | 2028-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                     | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    409000 | PA      | $275666.00    | 0.16%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                  | PepsiCo Inc                                                                     | CUSIP: 713448GC6<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20307.80     | 0.01%             | 2035-02-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                     | Celanese US Holdings LLC                                                        | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     33000 | PA      | $33967.89     | 0.02%             | 2027-07-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                         | CUSIP: 44891ADC8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25661.25     | 0.01%             | 2029-06-24      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                        | Truist Financial Corp                                                           | CUSIP: 89788MAU6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60392.99     | 0.03%             | 2031-05-20      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                         | Lockheed Martin Corp                                                            | CUSIP: 539830CL1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60481.80     | 0.03%             | 2030-08-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CI FINANCIAL CORP                            | CI Financial Corp                                                               | CUSIP: 125491AN0<br>LEI: 549300M9W7JJQSVCEM78 | Long             | DBT              | CORP              | CA        |    395000 | PA      | $355266.95    | 0.20%             | 2030-12-17      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                     | Northwestern Mutual Global Funding                                              | CUSIP: 66815L2X6<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71271.93     | 0.04%             | 2028-08-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                       | Rockford Tower CLO 2021-2 Ltd                                                   | CUSIP: 77341LAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    503814 | PA      | $503814.00    | 0.29%             | 2034-07-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     62000 | PA      | $63169.32     | 0.04%             | 2029-04-23      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| JOHNSON & JOHNSON                            | Johnson & Johnson                                                               | CUSIP: 478160DK7<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |     59000 | PA      | $61100.40     | 0.04%             | 2032-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                      | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 65480CAG0<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |      9000 | PA      | $8948.79      | 0.01%             | 2027-09-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| OAKTREE STRATEGIC CREDIT                     | Oaktree Strategic Credit Fund                                                   | CUSIP: 67403AAF6<br>LEI: 2549006RRE0JC7G43241 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60958.80     | 0.03%             | 2030-07-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Fannie Mae Pool                                                                 | CUSIP: 31402C4H2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4022 | PA      | $4147.29      | 0.00%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WALMART INC                                  | Walmart Inc                                                                     | CUSIP: 931142FL2<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62283.96     | 0.04%             | 2027-04-28      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     76000 | PA      | $77719.12     | 0.04%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                 | Centene Corp                                                                    | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    416000 | PA      | $354710.72    | 0.20%             | 2031-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                    | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F050692<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    411000 | PA      | $405332.68    | 0.23%             | 2055-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                  | Oracle Corp                                                                     | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    264000 | PA      | $285634.80    | 0.16%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Fannie Mae Pool                                                                 | CUSIP: 31402QYV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20106 | PA      | $20753.36     | 0.01%             | 2035-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                        | Wells Fargo & Co                                                                | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    326000 | PA      | $300624.16    | 0.17%             | 2033-03-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                          | Freddie Mac STACR REMIC Trust 2024-HQA1                                         | CUSIP: 35564NBX0<br>LEI: 529900PGKDI4ZEXFQ523 | Long             | ABS-MBS          | USGSE             | US        |    194848 | PA      | $195231.55    | 0.11%             | 2044-03-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GMW6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60609.52     | 0.03%             | 2036-05-09      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| ALIMENTATION COUCHE-TARD                     | Alimentation Couche-Tard Inc                                                    | CUSIP: 01626PAH9<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |    130000 | PA      | $128446.50    | 0.07%             | 2027-07-26      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| MCKESSON CORP                                | McKesson Corp                                                                   | CUSIP: 581557BW4<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60975.60     | 0.03%             | 2030-05-30      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                 | 7-Eleven Inc                                                                    | CUSIP: 817826AD2<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    144000 | PA      | $134324.64    | 0.08%             | 2028-02-10      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP                           | Rithm Capital Corp                                                              | CUSIP: 64828TAC6<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              |  | US        |     59000 | PA      | $60245.49     | 0.03%             | 2030-07-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Fannie Mae Pool                                                                 | CUSIP: 3138WPG65<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    556269 | PA      | $524694.91    | 0.30%             | 2043-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PHILLIPS EDISON GROCERY                      | Phillips Edison Grocery Center Operating Partnership I LP                       | CUSIP: 71845JAD0<br>LEI: 549300WUPIVS6ZE0ZI51 | Long             | DBT              |  | US        |     60000 | PA      | $61162.80     | 0.04%             | 2032-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                       | US 5YR NOTE (CBT) DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        11 | NC      | $7250.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTL INC                       | Philip Morris International Inc                                                 | CUSIP: 718172CP2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    144000 | PA      | $130959.36    | 0.08%             | 2030-05-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                        | Toronto-Dominion Bank/The                                                       | CUSIP: 89115KAB6<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |     59000 | PA      | $60201.83     | 0.03%             | 2030-06-03      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                   | PacifiCorp                                                                      | CUSIP: 695114CZ9<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    392000 | PA      | $351008.56    | 0.20%             | 2053-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                           | Ford Motor Co                                                                   | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    410000 | PA      | $351312.60    | 0.20%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | Broadcom Inc                                                                    | CUSIP: 11135FCK5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60588.00     | 0.03%             | 2030-07-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                           | Meta Platforms Inc                                                              | CUSIP: 30303M8W5<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     84000 | PA      | $81054.12     | 0.05%             | 2064-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| RAND PARENT LLC                              | Rand Parent LLC                                                                 | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     73000 | PA      | $75575.44     | 0.04%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Freddie Mac Gold Pool                                                           | CUSIP: 31335AY51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    354077 | PA      | $344515.91    | 0.20%             | 2046-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                         | Woodside Finance Ltd                                                            | CUSIP: 980236AX1<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |     60000 | PA      | $60773.40     | 0.03%             | 2028-05-19      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                      | Oncor Electric Delivery Co LLC                                                  | CUSIP: 68233JCY8<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65453.05     | 0.04%             | 2027-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PEW2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     26000 | PA      | $26853.32     | 0.02%             | 2036-01-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    114000 | PA      | $117878.67    | 0.07%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR CO                              | Nissan Motor Co Ltd                                                             | CUSIP: 654922AD5<br>LEI: 353800DRBDH1LUTNAY26 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $211498.00    | 0.12%             | 2035-07-17      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| MCKESSON CORP                                | McKesson Corp                                                                   | CUSIP: 581557BX2<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61182.00     | 0.04%             | 2032-05-30      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38148YAA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    173000 | PA      | $152127.55    | 0.09%             | 2038-10-31      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                            | HSBC Holdings PLC                                                               | CUSIP: 404280DM8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    182000 | PA      | $192747.10    | 0.11%             | 2037-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                     | Mars Inc                                                                        | CUSIP: 571676AC9<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    360000 | PA      | $326170.80    | 0.19%             | 2034-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                 | AGL CLO 12 Ltd                                                                  | CUSIP: 00120BAA8<br>LEI: 54930005OE1IFBESDA27 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300531.30    | 0.17%             | 2034-07-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                  | Oracle Corp                                                                     | CUSIP: 68389XCQ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    323000 | PA      | $296388.03    | 0.17%             | 2053-02-06      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                           | Athene Holding Ltd                                                              | CUSIP: 04686JAH4<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    135000 | PA      | $132979.05    | 0.08%             | 2054-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC                           | Conagra Brands Inc                                                              | CUSIP: 205887CK6<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60548.40     | 0.03%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                      | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    134000 | PA      | $128834.30    | 0.07%             | 2026-09-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| L Street Securities                          | Wells Fargo Credit Risk Transfer Securities Trust 2015                          | CUSIP: 949771AG4<br>LEI: 549300T6W1U156OOG754 | Long             | ABS-MBS          | CORP              | US        |     20550 | PA      | $21538.79     | 0.01%             | 2025-11-25      | Floating      | 9.96%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     84000 | PA      | $86704.80     | 0.05%             | 2029-07-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| TYCO ELECTRONICS GROUP S                     | Tyco Electronics Group SA                                                       | CUSIP: 902133BC0<br>LEI: C33G1C5SYE2YM95EE712 | Long             | DBT              | CORP              | LU        |     62000 | PA      | $62486.08     | 0.04%             | 2031-02-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                         | Lockheed Martin Corp                                                            | CUSIP: 539830BY4<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |     62000 | PA      | $63349.12     | 0.04%             | 2063-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CFY2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4396000 | PA      | $4432404.38   | 2.54%             | 2029-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Diamond Issuer LLC                           | Diamond Issuer LLC                                                              | CUSIP: 25267TAQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    565855 | PA      | $532704.84    | 0.31%             | 2051-11-20      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                        | Athene Global Funding                                                           | CUSIP: 04685A3Q2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    286000 | PA      | $295778.34    | 0.17%             | 2029-01-09      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                            | Cisco Systems Inc                                                               | CUSIP: 17275RBW1<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59886.77     | 0.03%             | 2028-02-24      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Granite Park Equipment Leasing LLC           | Granite Park Equipment Leasing 2023-1 LLC                                       | CUSIP: 387422AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95511 | PA      | $96970.99     | 0.06%             | 2032-09-20      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                    | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F062697<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    327000 | PA      | $338840.96    | 0.19%             | 2054-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                            | Cisco Systems Inc                                                               | CUSIP: 17275RCA8<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |     59000 | PA      | $58205.27     | 0.03%             | 2055-02-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                      | Public Service Co of Colorado                                                   | CUSIP: 744448DB4<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64055.55     | 0.04%             | 2055-05-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP                        | PACCAR Financial Corp                                                           | CUSIP: 69371RT97<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70176.40     | 0.04%             | 2028-08-08      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                       | Fairfax Financial Holdings Ltd                                                  | CUSIP: 303901BW1<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |     59000 | PA      | $60773.54     | 0.03%             | 2055-05-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                     | Ford Motor Credit Co LLC                                                        | CUSIP: 345397D42<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    335000 | PA      | $355860.45    | 0.20%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14609.14     | 0.01%             | 2030-04-18      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                      | Royal Caribbean Cruises Ltd                                                     | CUSIP: 780153BK7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     72000 | PA      | $72590.40     | 0.04%             | 2027-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                     | Capital One Financial Corp                                                      | CUSIP: 14040HCX1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256615.00    | 0.15%             | 2029-02-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                      | JetBlue Airways Corp / JetBlue Loyalty LP                                       | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    266000 | PA      | $264255.04    | 0.15%             | 2031-08-12      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                               | Hertz Corp/The                                                                  | CUSIP: 428040DC0<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    272000 | PA      | $281936.16    | 0.16%             | 2029-07-15      | Fixed         | 12.62%                | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC                            | CBRE Services Inc                                                               | CUSIP: 12505BAG5<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              |  | US        |    280000 | PA      | $296833.60    | 0.17%             | 2034-08-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| STRYKER CORP                                 | Stryker Corp                                                                    | CUSIP: 863667BJ9<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20155.80     | 0.01%             | 2027-02-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | Broadcom Inc                                                                    | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60576.00     | 0.03%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC                     | FHF Trust 2023-1                                                                | CUSIP: 30331GAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     52030 | PA      | $52467.74     | 0.03%             | 2028-06-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                       | US 10YR NOTE (CBT)DEC25                                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -69 | NC      | $-34765.64    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                                 | Enbridge Inc                                                                    | CUSIP: 29250NCJ2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     59000 | PA      | $60220.12     | 0.03%             | 2030-06-20      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                              | Chevron USA Inc                                                                 | CUSIP: 166756BD7<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61337.40     | 0.04%             | 2030-04-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                     | RTX Corp                                                                        | CUSIP: 913017CR8<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    131000 | PA      | $128972.12    | 0.07%             | 2027-05-04      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                        | Foundry JV Holdco LLC                                                           | CUSIP: 350930AK9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    346000 | PA      | $365372.54    | 0.21%             | 2039-01-25      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CDP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7276000 | PA      | $6772932.78   | 3.89%             | 2028-12-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| MARS INC                                     | Mars Inc                                                                        | CUSIP: 571676BB0<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     67000 | PA      | $66041.90     | 0.04%             | 2045-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae                                                                      | CUSIP: 21H020691<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    395000 | PA      | $323355.22    | 0.19%             | 2054-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL CAP FND                        | Golub Capital Private Credit Fund                                               | CUSIP: 38179RAD7<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |     56000 | PA      | $56779.52     | 0.03%             | 2030-05-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET SPECIALTY                       | Sixth Street Specialty Lending Inc                                              | CUSIP: 83012AAD1<br>LEI: 549300TX61566GJWCN05 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59697.97     | 0.03%             | 2030-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NY & PRESBYTERIAN HOSPIT                     | New York and Presbyterian Hospital/The                                          | CUSIP: 649322AF1<br>LEI: 19EOSPKL8HML7MY3UE63 | Long             | DBT              | CORP              | US        |    450000 | PA      | $304254.00    | 0.17%             | 2119-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Fannie Mae Pool                                                                 | CUSIP: 3140Q9T37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    155794 | PA      | $152719.40    | 0.09%             | 2048-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                          | Quanta Services Inc                                                             | CUSIP: 74762EAM4<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70192.50     | 0.04%             | 2028-08-09      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CJF9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1214000 | PA      | $1259619.84   | 0.72%             | 2028-10-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                       | Verizon Communications Inc                                                      | CUSIP: 92343VGZ1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     63000 | PA      | $63501.48     | 0.04%             | 2035-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                               | Eli Lilly & Co                                                                  | CUSIP: 532457DB1<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71171.82     | 0.04%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                 | Centene Corp                                                                    | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    165000 | PA      | $145889.70    | 0.08%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Prudential Financial Inc                     | Prudential Financial Inc                                                        | CUSIP: 744320AW2<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    301000 | PA      | $296424.80    | 0.17%             | 2047-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                        | Directv Financing LLC                                                           | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    357000 | PA      | $354825.87    | 0.20%             | 2030-01-30      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                              | Chevron USA Inc                                                                 | CUSIP: 166756BB1<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60871.20     | 0.03%             | 2028-02-26      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                          | American Express Co                                                             | CUSIP: 025816CX5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    124000 | PA      | $124987.04    | 0.07%             | 2033-05-26      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| VITAL ENERGY INC                             | Vital Energy Inc                                                                | CUSIP: 516806AK2<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    354000 | PA      | $349362.60    | 0.20%             | 2032-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC                           | Analog Devices Inc                                                              | CUSIP: 032654BE4<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60804.00     | 0.03%             | 2030-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                               | Eli Lilly & Co                                                                  | CUSIP: 532457DD7<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71380.56     | 0.04%             | 2032-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                          | Dominion Energy Inc                                                             | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59642.51     | 0.03%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PCP9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     56000 | PA      | $54398.40     | 0.03%             | 2027-09-22      | Fixed         | 1.47%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                              | Chevron USA Inc                                                                 | CUSIP: 166756BK1<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |     69000 | PA      | $69169.74     | 0.04%             | 2032-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Fannie Mae Pool                                                                 | CUSIP: 31410GV67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     96500 | PA      | $99583.42     | 0.06%             | 2037-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                     | New York Life Global Funding                                                    | CUSIP: 64952WFM0<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25847.75     | 0.01%             | 2035-01-23      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                          | Bank of Nova Scotia/The                                                         | CUSIP: 06418GAP2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $20338.20     | 0.01%             | 2029-02-14      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                    | ONEOK Inc                                                                       | CUSIP: 682680DC4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69358.10     | 0.04%             | 2035-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                               | Eli Lilly & Co                                                                  | CUSIP: 532457CV8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205686.00    | 0.12%             | 2030-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GLV9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35563.15     | 0.02%             | 2027-09-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                           | Ford Motor Co                                                                   | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    397000 | PA      | $306948.49    | 0.18%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YED3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    344000 | PA      | $302138.64    | 0.17%             | 2032-07-21      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                          | JPMorgan Chase & Co                                                             | CUSIP: 46625HRY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    129000 | PA      | $128218.26    | 0.07%             | 2028-02-01      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                            | Ares Capital Corp                                                               | CUSIP: 04010LBH5<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25365.50     | 0.01%             | 2032-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                 | AutoZone Inc                                                                    | CUSIP: 053332BM3<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |     36000 | PA      | $37155.24     | 0.02%             | 2030-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Freddie Mac Gold Pool                                                           | CUSIP: 3128MJBE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     51862 | PA      | $53697.61     | 0.03%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                   | US Bancorp                                                                      | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20503.60     | 0.01%             | 2031-02-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                         | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AN1<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    119000 | PA      | $120305.43    | 0.07%             | 2030-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     24000 | PA      | $24798.00     | 0.01%             | 2031-01-29      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                       | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KDJ6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20586.60     | 0.01%             | 2030-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                         | Glencore Funding LLC                                                            | CUSIP: 378272BR8<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    293000 | PA      | $297444.81    | 0.17%             | 2027-04-04      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                       | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC           | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    122000 | PA      | $121325.34    | 0.07%             | 2027-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association     | Ginnie Mae                                                                      | CUSIP: 21H050698<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    267000 | PA      | $264151.43    | 0.15%             | 2054-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     68000 | PA      | $71009.68     | 0.04%             | 2030-04-22      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| BGC GROUP INC                                | BGC Group Inc                                                                   | CUSIP: 05555LAC5<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56255.65     | 0.03%             | 2030-04-02      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                             | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     64000 | PA      | $59787.50     | 0.03%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CORP                            | Toyota Motor Corp                                                               | CUSIP: 892331AU3<br>LEI: 5493006W3QUS5LMH6R84 | Long             | DBT              | CORP              | JP        |     60000 | PA      | $60594.00     | 0.03%             | 2030-06-30      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                       | Philip Morris International Inc                                                 | CUSIP: 718172DT3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62302.56     | 0.04%             | 2030-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                  | PepsiCo Inc                                                                     | CUSIP: 713448GH5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59341.61     | 0.03%             | 2030-07-23      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                       | Canadian Imperial Bank of Commerce                                              | CUSIP: 13607PVQ4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $25799.00     | 0.01%             | 2031-01-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                              | McDonald's Corp                                                                 | CUSIP: 58013MFZ2<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66089.40     | 0.04%             | 2030-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CEE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7870000 | PA      | $7542903.13   | 4.33%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 172967NG2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29465.40     | 0.02%             | 2028-02-24      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                     | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    269000 | PA      | $284841.41    | 0.16%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| MASTERCARD INC                               | Mastercard Inc                                                                  | CUSIP: 57636QBG8<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |     59000 | PA      | $61075.03     | 0.04%             | 2032-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP                       | HA Sustainable Infrastructure Capital Inc                                       | CUSIP: 40408AAB7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60646.20     | 0.03%             | 2035-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL CAP FND                        | Golub Capital Private Credit Fund                                               | CUSIP: 38179RAE5<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60227.40     | 0.03%             | 2028-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                           | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   8248378 | NS      | $8248378.32   | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                     | Capital One Financial Corp                                                      | CUSIP: 14040HDA0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    282000 | PA      | $302755.20    | 0.17%             | 2034-06-08      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MARS INC                                     | Mars Inc                                                                        | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     67000 | PA      | $68342.68     | 0.04%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc                             | Altria Group Inc                                                                | CUSIP: 02209SBF9<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    288000 | PA      | $286787.52    | 0.16%             | 2049-02-14      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                    | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F022691<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     83000 | PA      | $68906.21     | 0.04%             | 2055-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                             | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     51000 | PA      | $37056.68     | 0.02%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LTD                           | Macquarie Bank Ltd                                                              | CUSIP: 556079AG6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |    200000 | PA      | $201450.00    | 0.12%             | 2036-08-13      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                     | Prime Security Services Borrower LLC / Prime Finance Inc                        | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    133000 | PA      | $129067.19    | 0.07%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UNIV SOUTHERN CALIFORNIA                     | University of Southern California                                               | CUSIP: 914886AH9<br>LEI: 0GMCSQ6M60R4T46U5511 | Long             | DBT              | CORP              | US        |    324000 | PA      | $295698.60    | 0.17%             | 2053-10-01      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CBZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1414000 | PA      | $1330706.56   | 0.76%             | 2028-04-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                            | Brown & Brown Inc                                                               | CUSIP: 115236AJ0<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60599.40     | 0.03%             | 2028-06-23      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                               | Morgan Stanley                                                                  | CUSIP: 61747YFR1<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     24000 | PA      | $25301.52     | 0.01%             | 2035-04-19      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                        | American Homes 4 Rent LP                                                        | CUSIP: 02666TAK3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |     59000 | PA      | $60064.95     | 0.03%             | 2030-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                          | DENTSPLY SIRONA Inc                                                             | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    329000 | PA      | $302255.59    | 0.17%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     22000 | PA      | $22469.26     | 0.01%             | 2028-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                         | M&T Bank Corp                                                                   | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61323.00     | 0.04%             | 2031-07-08      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                      | Public Service Electric and Gas Co                                              | CUSIP: 74456QCW4<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |     67000 | PA      | $66851.26     | 0.04%             | 2035-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                     | International Business Machines Corp                                            | CUSIP: 459200KV2<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    332000 | PA      | $291881.12    | 0.17%             | 2052-07-27      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                             | Bellemeade Re 2023-1 Ltd                                                        | CUSIP: 07876XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |    172271 | PA      | $172723.84    | 0.10%             | 2033-10-25      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                           | Banco Santander SA                                                              | CUSIP: 05964HAV7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $440228.00    | 0.25%             | 2033-08-08      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                     | Citizens Financial Group Inc                                                    | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    118000 | PA      | $122750.68    | 0.07%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL                        | Pinnacle West Capital Corp                                                      | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60893.40     | 0.03%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                      | Public Service Co of Colorado                                                   | CUSIP: 744448DC2<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69573.70     | 0.04%             | 2035-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MARS INC                                     | Mars Inc                                                                        | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     39000 | PA      | $39468.39     | 0.02%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                              | CVS Health Corp                                                                 | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     69000 | PA      | $69162.84     | 0.04%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 172967PG0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    288000 | PA      | $295413.12    | 0.17%             | 2035-02-13      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 17308CC53<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    376000 | PA      | $355380.16    | 0.20%             | 2030-11-05      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CD5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60172.33     | 0.03%             | 2031-05-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                     | Delta Air Lines Inc / SkyMiles IP Ltd                                           | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    297000 | PA      | $298746.36    | 0.17%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MASS INSTITUTE OF TECH                       | Massachusetts Institute of Technology                                           | CUSIP: 575718AA9<br>LEI: DLZO3A31IADZ27B62557 | Long             | DBT              | CORP              | US        |    310000 | PA      | $302777.00    | 0.17%             | 2111-07-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                      | Simon Property Group LP                                                         | CUSIP: 828807DZ7<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |     67000 | PA      | $67169.51     | 0.04%             | 2030-10-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                               | CPS Auto Receivables Trust 2021-C                                               | CUSIP: 12598CAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     88409 | PA      | $87982.70     | 0.05%             | 2027-06-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58406.40     | 0.03%             | 2027-10-21      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                     | Principal Life Global Funding II                                                | CUSIP: 74256LFC8<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    130000 | PA      | $131874.60    | 0.08%             | 2028-01-09      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                            | State Street Corp                                                               | CUSIP: 857477DA8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     23000 | PA      | $23162.15     | 0.01%             | 2028-04-24      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| MDC Holdings Inc                             | MDC Holdings Inc                                                                | CUSIP: 552676AQ1<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |    320000 | PA      | $292739.20    | 0.17%             | 2043-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                          | American Express Co                                                             | CUSIP: 025816EJ4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59290.28     | 0.03%             | 2029-07-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                  | Viatris Inc                                                                     | CUSIP: 92556VAF3<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    511000 | PA      | $336835.87    | 0.19%             | 2050-06-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                           | Athene Holding Ltd                                                              | CUSIP: 04686JAD3<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    403000 | PA      | $283740.21    | 0.16%             | 2051-05-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| NIAGARA MOHAWK POWER                         | Niagara Mohawk Power Corp                                                       | CUSIP: 653522DT6<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60261.60     | 0.03%             | 2030-10-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                               | Eli Lilly & Co                                                                  | CUSIP: 532457CN6<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     37000 | PA      | $33665.56     | 0.02%             | 2064-02-09      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CHF1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    603000 | PA      | $604460.39    | 0.35%             | 2030-05-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                      | American Axle & Manufacturing Inc                                               | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    382000 | PA      | $361039.66    | 0.21%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                         | Woodside Finance Ltd                                                            | CUSIP: 980236AU7<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |     60000 | PA      | $61997.40     | 0.04%             | 2032-05-19      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                      | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAN6<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56659.35     | 0.03%             | 2032-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                          | Wells Fargo Bank NA                                                             | CUSIP: 94980VAG3<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |    333000 | PA      | $352337.31    | 0.20%             | 2036-08-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                            | HSBC Holdings PLC                                                               | CUSIP: 404280DN6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    326000 | PA      | $358146.86    | 0.21%             | 2038-06-01      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                        | Keysight Technologies Inc                                                       | CUSIP: 49338LAH6<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |     59000 | PA      | $61307.49     | 0.04%             | 2030-07-30      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                       | Marriott International Inc/MD                                                   | CUSIP: 571903BW2<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |     71000 | PA      | $70417.80     | 0.04%             | 2031-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                              | Xcel Energy Inc                                                                 | CUSIP: 98389BBD1<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |     63000 | PA      | $63762.93     | 0.04%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                               | Pikes Peak CLO 8                                                                | CUSIP: 72133CAL6<br>LEI: 549300NJA5BS4BQQJL72 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300557.40    | 0.17%             | 2038-01-20      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 172967PA3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     29000 | PA      | $31433.10     | 0.02%             | 2033-11-17      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust        | Wells Fargo Commercial Mortgage Trust 2024-5C2                                  | CUSIP: 95003UAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $528159.15    | 0.30%             | 2057-11-15      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CMH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3204000 | PA      | $3219644.52   | 1.85%             | 2027-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GSF 2021 1 ISSUER LLC                        | GSF 2021 1 ISSUER LLC                                                           | CUSIP: 36261CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    187593 | PA      | $185840.41    | 0.11%             | 2026-08-06      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6759000 | PA      | $6801771.76   | 3.90%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                   | Intel Corp                                                                      | CUSIP: 458140BQ2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    128000 | PA      | $126790.40    | 0.07%             | 2027-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                       | Fairfax Financial Holdings Ltd                                                  | CUSIP: 303901BU5<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    302000 | PA      | $298693.10    | 0.17%             | 2055-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| WEA FINANCE LLC                              | WEA Finance LLC                                                                 | CUSIP: 92928QAH1<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              |  | US        |    133000 | PA      | $130085.97    | 0.07%             | 2027-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                      | John Deere Capital Corp                                                         | CUSIP: 24422EYF0<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59430.70     | 0.03%             | 2030-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                         | Glencore Funding LLC                                                            | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     29000 | PA      | $29785.32     | 0.02%             | 2030-04-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                      | MPLX LP                                                                         | CUSIP: 55336VCD0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     67000 | PA      | $65232.54     | 0.04%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| ANYWHERE RE GRP/REALOGY                      | Anywhere Real Estate Group LLC / Realogy Co-Issuer Corp                         | CUSIP: 75606DAV3<br>LEI: N/A                  | Long             | DBT              |  | US        |     60000 | PA      | $63762.60     | 0.04%             | 2030-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                       | Philip Morris International Inc                                                 | CUSIP: 718172DR7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62094.24     | 0.04%             | 2028-04-28      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MARS INC                                     | Mars Inc                                                                        | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |     67000 | PA      | $67402.67     | 0.04%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC     | Avis Budget Rental Car Funding AESOP LLC                                        | CUSIP: 05377RGU2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    475000 | PA      | $481387.23    | 0.28%             | 2028-02-22      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                     | Northwestern Mutual Global Funding                                              | CUSIP: 66815L2W8<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59985.89     | 0.03%             | 2030-06-03      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1007000 | PA      | $945517.93    | 0.54%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                             | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBR9<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    112000 | PA      | $112153.44    | 0.06%             | 2026-09-25      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FU                     | HPS Corporate Lending Fund                                                      | CUSIP: 40440VAN5<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55897.60     | 0.03%             | 2030-06-05      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                     | Capital One Financial Corp                                                      | CUSIP: 254709AT5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    291000 | PA      | $340222.65    | 0.20%             | 2034-11-02      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| AEP TRANSMISSION CO LLC                      | AEP Transmission Co LLC                                                         | CUSIP: 00115AAS8<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27644.76     | 0.02%             | 2035-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                       | Philip Morris International Inc                                                 | CUSIP: 718172AM1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     61000 | PA      | $53162.11     | 0.03%             | 2041-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CLS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    419000 | PA      | $420325.74    | 0.24%             | 2026-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                          | General Electric Co                                                             | CUSIP: 369604CA9<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25099.50     | 0.01%             | 2036-01-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                        | Continental Resources Inc/OK                                                    | CUSIP: 212015AQ4<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    436000 | PA      | $344091.20    | 0.20%             | 2044-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                  | Nutrien Ltd                                                                     | CUSIP: 67077MBE7<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $30143.70     | 0.02%             | 2027-03-12      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                         | CUSIP: 44891ACY1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |      9000 | PA      | $9241.74      | 0.01%             | 2029-03-19      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                  | Viatris Inc                                                                     | CUSIP: 92556VAE6<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |    475000 | PA      | $355418.75    | 0.20%             | 2040-06-22      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Fannie Mae Pool                                                                 | CUSIP: 31402DP79<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14560 | PA      | $15035.11     | 0.01%             | 2034-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                          | JPMorgan Chase & Co                                                             | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    331000 | PA      | $300154.11    | 0.17%             | 2033-01-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                 | Enbridge Inc                                                                    | CUSIP: 29250NCH6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     59000 | PA      | $59617.14     | 0.03%             | 2028-06-20      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                             | BAT Capital Corp                                                                | CUSIP: 05526DBQ7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    335000 | PA      | $295794.95    | 0.17%             | 2050-04-02      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                       | General Motors Financial Co Inc                                                 | CUSIP: 37045XFC5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25380.50     | 0.01%             | 2035-01-07      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                     | CHS/Community Health Systems Inc                                                | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    327000 | PA      | $293129.34    | 0.17%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust           | Tricolor Auto Securitization Trust 2024-2                                       | CUSIP: 89616PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     28165 | PA      | $28227.09     | 0.02%             | 2027-12-15      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY DIRECT                        | Morgan Stanley Direct Lending Fund                                              | CUSIP: 61774AAG8<br>LEI: 549300QEX22T2J8IB029 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61329.00     | 0.04%             | 2030-05-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                             | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    983000 | PA      | $880092.19    | 0.51%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                         | Glencore Funding LLC                                                            | CUSIP: 378272CA4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     63000 | PA      | $64357.65     | 0.04%             | 2035-04-01      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| TRUSTAGE FINANCIAL GROUP                     | Trustage Financial Group Inc                                                    | CUSIP: 89787EAA9<br>LEI: 549300X7YNHNZXTI6F10 | Long             | DBT              | CORP              | US        |    370000 | PA      | $351466.70    | 0.20%             | 2032-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                              | Chevron USA Inc                                                                 | CUSIP: 166756BE5<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61449.00     | 0.04%             | 2032-04-15      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                            | State Street Corp                                                               | CUSIP: 857477CA9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    296000 | PA      | $296760.72    | 0.17%             | 2034-01-26      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| JOHNSON CONTROLS/TYCO FI                     | Johnson Controls International plc / Tyco Fire & Security Finance SCA           | CUSIP: 47837RAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    409000 | PA      | $353985.41    | 0.20%             | 2031-09-16      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                               | Eli Lilly & Co                                                                  | CUSIP: 532457DF2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     71000 | PA      | $70508.68     | 0.04%             | 2055-10-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                      | National Australia Bank Ltd                                                     | CUSIP: 632525AY7<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |    394000 | PA      | $358874.90    | 0.21%             | 2031-05-21      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                     | Element Fleet Management Corp                                                   | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |     63000 | PA      | $64153.53     | 0.04%             | 2030-03-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| MAIN STREET CAPITAL CORP                     | Main Street Capital Corp                                                        | CUSIP: 56035LAK0<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |     66000 | PA      | $66288.42     | 0.04%             | 2028-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                | Citigroup Inc                                                                   | CUSIP: 172967LS8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    118000 | PA      | $116183.98    | 0.07%             | 2028-10-27      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| CF Industries Inc                            | CF Industries Inc                                                               | CUSIP: 12527GAH6<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |    127000 | PA      | $127201.93    | 0.07%             | 2026-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                         | Bank of America Corp                                                            | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    296000 | PA      | $298498.24    | 0.17%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    148000 | PA      | $150332.48    | 0.09%             | 2036-07-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                  | Oracle Corp                                                                     | CUSIP: 68389XBY0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    446000 | PA      | $298681.74    | 0.17%             | 2060-04-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                            | Sysco Corp                                                                      | CUSIP: 871829BU0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |     56000 | PA      | $57691.20     | 0.03%             | 2030-09-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                     | Dext ABS 2021-1 LLC                                                             | CUSIP: 23345CAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    229560 | PA      | $228208.21    | 0.13%             | 2028-09-15      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| LINCOLN FIN GLBL FUNDING                     | Lincoln Financial Global Funding                                                | CUSIP: 53359KAC5<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |     69000 | PA      | $69448.50     | 0.04%             | 2030-08-18      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                      | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    336000 | PA      | $303256.80    | 0.17%             | 2032-04-22      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| ATHENE HOLDING LTD                           | Athene Holding Ltd                                                              | CUSIP: 04686JAL5<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61794.60     | 0.04%             | 2055-05-19      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                   | Fannie Mae Pool                                                                 | CUSIP: 31402QWA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    141619 | PA      | $146364.27    | 0.08%             | 2035-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP                      | John Deere Capital Corp                                                         | CUSIP: 24422EXZ7<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25430.75     | 0.01%             | 2028-01-07      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                     | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     57000 | PA      | $58748.76     | 0.03%             | 2029-03-30      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                             | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    443000 | PA      | $422580.47    | 0.24%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CKU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4974000 | PA      | $5184229.19   | 2.97%             | 2031-05-31      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                           | Pacific Life Global Funding II                                                  | CUSIP: 69448TAC5<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62702.46     | 0.04%             | 2028-05-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                  | Freddie Mac Gold Pool                                                           | CUSIP: 31335A6X1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    210949 | PA      | $204990.66    | 0.12%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                       | General Motors Financial Co Inc                                                 | CUSIP: 37045XFH4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59651.36     | 0.03%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                        | Rio Tinto Finance USA PLC                                                       | CUSIP: 76720AAS5<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |     65000 | PA      | $66636.70     | 0.04%             | 2030-03-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                       | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BV6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126873.75    | 0.07%             | 2028-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSUR & ANNUITY                     | Teachers Insurance & Annuity Association of America                             | CUSIP: 878091BG1<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |    193000 | PA      | $127837.41    | 0.07%             | 2050-05-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                          | American Express Co                                                             | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62952.32     | 0.04%             | 2029-04-25      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                     | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBL6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     56000 | PA      | $55156.08     | 0.03%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    298000 | PA      | $299341.00    | 0.17%             | 2030-09-19      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                       | Roper Technologies Inc                                                          | CUSIP: 776696AK2<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |     67000 | PA      | $67247.23     | 0.04%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                               | Eli Lilly & Co                                                                  | CUSIP: 532457CT3<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |     13000 | PA      | $12018.37     | 0.01%             | 2064-08-14      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust                   | Flagship Credit Auto Trust 2019-3                                               | CUSIP: 33846AAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    305048 | PA      | $304806.98    | 0.17%             | 2026-12-15      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Bonds                                                             | CUSIP: 912810TT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    725000 | PA      | $635564.45    | 0.36%             | 2053-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | Broadcom Inc                                                                    | CUSIP: 11135FCL3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     27000 | PA      | $27318.87     | 0.02%             | 2032-07-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                | Citigroup Inc                                                                   | CUSIP: 17327CBA0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     31000 | PA      | $31325.19     | 0.02%             | 2036-03-27      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | Broadcom Inc                                                                    | CUSIP: 11135FCE9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25457.50     | 0.01%             | 2028-04-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                          | Cardinal Health Inc                                                             | CUSIP: 14149YBV9<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |     66000 | PA      | $65532.06     | 0.04%             | 2035-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| JAPAN TOBACCO INC                            | Japan Tobacco Inc                                                               | CUSIP: 471105AD8<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | DBT              | CORP              | JP        |    150000 | PA      | $155457.00    | 0.09%             | 2030-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                       | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HBF4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     67000 | PA      | $67135.34     | 0.04%             | 2028-08-19      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                  | PepsiCo Inc                                                                     | CUSIP: 713448GB8<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20446.20     | 0.01%             | 2030-02-07      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| FAIRFAX FINL HLDGS LTD                       | Fairfax Financial Holdings Ltd                                                  | CUSIP: 303901BR2<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |    327000 | PA      | $332431.47    | 0.19%             | 2054-03-22      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                      | Hyundai Capital America                                                         | CUSIP: 44891ADR5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     63000 | PA      | $64653.12     | 0.04%             | 2032-03-29      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NATL LIFE INSURANCE-VRMT                     | National Life Insurance Co                                                      | CUSIP: 636792AB9<br>LEI: 0JRPR7R1EOV4Z2M47L22 | Long             | DBT              | CORP              | US        |    208000 | PA      | $168184.64    | 0.10%             | 2068-07-19      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                           | Ally Financial Inc                                                              | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     41000 | PA      | $42063.54     | 0.02%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                 | Broadcom Inc                                                                    | CUSIP: 11135FBZ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    290000 | PA      | $294584.90    | 0.17%             | 2027-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| PINNACLE WEST CAPITAL                        | Pinnacle West Capital Corp                                                      | CUSIP: 723484AN1<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61710.00     | 0.04%             | 2030-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury                       | U.S. Treasury Notes                                                             | CUSIP: 91282CGL9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1345000 | PA      | $1344159.38   | 0.77%             | 2026-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC               | Enterprise Fleet Financing 2023-2 LLC                                           | CUSIP: 29375NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    194132 | PA      | $195382.71    | 0.11%             | 2030-04-22      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                       | General Motors Financial Co Inc                                                 | CUSIP: 37045XFJ0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60604.80     | 0.03%             | 2030-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                | ZF North America Capital Inc                                                    | CUSIP: 98877DAF2<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |    370000 | PA      | $360176.50    | 0.21%             | 2030-04-23      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited             | Bain Capital Credit CLO 2019-1                                                  | CUSIP: 05683VBA1<br>LEI: 549300B0VI605XM3L529 | Long             | ABS-CBDO         | CORP              | KY        |    300000 | PA      | $300550.50    | 0.17%             | 2034-04-19      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                            | Herc Holdings Inc                                                               | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     38000 | PA      | $39546.98     | 0.02%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GA GLOBAL FUNDING TRUST                      | GA Global Funding Trust                                                         | CUSIP: 36143L2T1<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153729.00    | 0.09%             | 2032-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                        | RIO TINTO FIN USA PLC                                                           | CUSIP: 76720AAU0<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |     65000 | PA      | $66189.50     | 0.04%             | 2035-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust               | Pagaya AI Debt Trust 2024-1                                                     | CUSIP: 69548AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    107320 | PA      | $108108.05    | 0.06%             | 2031-07-15      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                | Lendbuzz Securitization Trust 2023-1                                            | CUSIP: 52608LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    202394 | PA      | $205309.01    | 0.12%             | 2028-08-15      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                     | New York Life Global Funding                                                    | CUSIP: 64952WFN8<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59912.73     | 0.03%             | 2030-06-03      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                      | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAM8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56326.60     | 0.03%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                       | Santander Holdings USA Inc                                                      | CUSIP: 80282KBF2<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |    219000 | PA      | $229308.33    | 0.13%             | 2029-03-09      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WASHINGTON UNIVERSITY                        | Washington University/The                                                       | CUSIP: 940663AD9<br>LEI: 2V765680J33YAZOYW441 | Long             | DBT              | CORP              | US        |    440000 | PA      | $329898.80    | 0.19%             | 2122-04-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                       | Williams Cos Inc/The                                                            | CUSIP: 969457CR9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60322.20     | 0.03%             | 2030-06-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NORTHROP GRUMMAN CORP                        | Northrop Grumman Corp                                                           | CUSIP: 666807CP5<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19412.68     | 0.01%             | 2035-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                         | Edison International                                                            | CUSIP: 281020BC0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67610.40     | 0.04%             | 2030-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CNT PRNT/CDK GLO II/FIN                      | Central Parent LLC / CDK Global II LLC / CDK Financing Co Inc                   | CUSIP: 154915AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    304000 | PA      | $264303.68    | 0.15%             | 2029-06-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE                     | Caterpillar Financial Services Corp                                             | CUSIP: 14913UAV2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25186.50     | 0.01%             | 2027-01-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                        | Civitas Resources Inc                                                           | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    349000 | PA      | $359134.96    | 0.21%             | 2031-06-30      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STAPLES INC                                  | Staples Inc                                                                     | CUSIP: 855030AQ5<br>LEI: XQM2JINI1UL7642TU573 | Long             | DBT              | CORP              | US        |    293000 | PA      | $281074.90    | 0.16%             | 2029-09-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** AB Active ETFs, Inc.

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller