# EDGAR Filing Document

**Accession Number:** 0000889512
**File Stem:** 0000940400-26-014624
**Filing Date:** 2026-4
**Character Count:** 96831
**Document Hash:** 7f17230a41bebb3b8e4a60c5af77a2c9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-014624.hdr.sgml**: 20260424

**ACCESSION NUMBER**: 0000940400-26-014624

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260227

**FILED AS OF DATE**: 20260424

**DATE AS OF CHANGE**: 20260424

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LEGG MASON PARTNERS INSTITUTIONAL TRUST
- **CENTRAL INDEX KEY:** 0000889512

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06740
- **FILM NUMBER:** 26890880

**BUSINESS ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018
- **BUSINESS PHONE:** 1-877-721-1926

**MAIL ADDRESS:**
- **STREET 1:** LEGG MASON & CO., LLC
- **STREET 2:** 620 EIGHTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10018

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CITIFUNDS INSTITUTIONAL TRUST
- **DATE OF NAME CHANGE:** 19981030

## Series and Classes Contracts Data

### Western Asset SMASh Series C Fund (Series ID: S000014682)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000040180 | SMASh Series C Fund | LMLCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Legg Mason Partners Institutional Trust

- **b. Investment Company Act file number:** 811-06740

- **c. CIK number of Registrant:** 0000889512

- **d. LEI of Registrant:** 54930003LJE4ZPPMRV82

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

  - **Street Address 1:** One Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 1-877-656-3863

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

- **a. Name of Series:** Western Asset SMASh Series C Fund

- **b. EDGAR series identifier (if any):** S000014682

- **c. LEI of Series:** 54930003EFT6H1PI7A06

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2026-02-27

**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:** $336010107.34

**Total Liabilities:** $133645.05

**Net Assets:** $335876462.29

**Cash Not Reported:** $7132157.81

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 29.65000000 | **1-Year:** 56723.08000000 | **5-Year:** 266802.22000000 | **10-Year:** 188476.23000000 | **30-Year:** 29585.01000000

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

- **3-Month:** 1.04000000 | **1-Year:** 50.74000000 | **5-Year:** 802.58000000 | **10-Year:** 4984.77000000 | **30-Year:** 374.81000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000040180 | -0.27%               | 0.32%                | 1.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-334079.71              | $-3232100.76                               |
| Month 2  | $0.00                    | $-581184.57                                |
| Month 3  | $0.00                    | $3966294.21                                |

### Schedule of Portfolio Investments

| Name                                                  | Title                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INTERCONTINENTAL EXCHANGE, INC.                       | CDS CDX.NA.IG.45.V1                                    | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              | CORP              | US        |         1 | NC      | $13129722.63  | 3.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Continental Resources, Inc.                           | CLR 5.75 01/15/31 144A                                 | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72624.13     | 0.02%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                           | LMT 4.5 05/15/36                                       | CUSIP: 539830BK4<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1486682.59   | 0.44%             | 2036-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                  | JPM V3.109 04/22/51                                    | CUSIP: 46647PBN5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $770515.45    | 0.23%             | 2051-04-22      | Fixed         | 3.11%                 | No            |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC               | CHTR 5.875 11/15/40                                    | CUSIP: 88732JAY4<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1079623.85   | 0.32%             | 2040-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                    | MO 3.7 02/04/51                                        | CUSIP: 02209SBN2<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $1826239.49   | 0.54%             | 2051-02-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                      | MCD 3.625 09/01/49 MTN                                 | CUSIP: 58013MFK5<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |   2510000 | PA      | $1893871.40   | 0.56%             | 2049-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC               | CHTR 6.55 05/01/37                                     | CUSIP: 88732JAJ7<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51536.26     | 0.02%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                | GM 5.15 04/01/38                                       | CUSIP: 37045VAP5<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    220000 | PA      | $214635.94    | 0.06%             | 2038-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.                             | WBD 4.279 03/15/32 *                                   | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    494000 | PA      | $454480.00    | 0.14%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                    | ET 6.25 04/15/49                                       | CUSIP: 29279FAA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202408.97    | 0.06%             | 2049-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia                                   | BNS V4.588 05/04/37                                    | CUSIP: 06417XAG6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2820000 | PA      | $2775615.57   | 0.83%             | 2037-05-04      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                  | JPM V4.912 07/25/33                                    | CUSIP: 46647PDH6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6445000 | PA      | $6610017.07   | 1.97%             | 2033-07-25      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                              | DVN 5 06/15/45                                         | CUSIP: 25179MAU7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    680000 | PA      | $621348.51    | 0.18%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                            | BA 5.705 05/01/40                                      | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    570000 | PA      | $593330.09    | 0.18%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                    | MO 3.4 02/04/41                                        | CUSIP: 02209SBM4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    920000 | PA      | $722032.04    | 0.21%             | 2041-02-04      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                     | WFC 4.65 11/04/44 MTN                                  | CUSIP: 94974BGE4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $887051.58    | 0.26%             | 2044-11-04      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                          | T 1.375 08/15/50                                       | CUSIP: 912810SP4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     10000 | PA      | $5150.39      | 0.00%             | 2050-08-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| DP World Ltd.                                         | DPWDU 5.625 09/25/48 144A                              | CUSIP: 23330JAB7<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |   2750000 | PA      | $2694851.36   | 0.80%             | 2048-09-25      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                     | EPD V5.375 02/15/78                                    | CUSIP: 29379VBR3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1633284.00   | 0.49%             | 2078-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc.                                  | ELV 4.1 05/15/32                                       | CUSIP: 036752AT0<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2495006.01   | 0.74%             | 2032-05-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                          | AVGO 3.137 11/15/35 144A                               | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    940000 | PA      | $822227.68    | 0.24%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                          | T 4.875 08/15/45                                       | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    150000 | PA      | $156070.31    | 0.05%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                            | BA 3.25 02/01/35                                       | CUSIP: 097023CP8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1346800.79   | 0.40%             | 2035-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                  | CHTR 5.05 03/30/29                                     | CUSIP: 161175BR4<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    910000 | PA      | $924413.53    | 0.28%             | 2029-03-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                     | NWG V5.076 01/27/30                                    | CUSIP: 78009PEH0<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1100000 | PA      | $1129087.32   | 0.34%             | 2030-01-27      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc.                                  | GILD 4.75 03/01/46                                     | CUSIP: 375558BD4<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1503142.49   | 0.45%             | 2046-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                  | JPM V2.522 04/22/31                                    | CUSIP: 46647PBL9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1539266.79   | 0.46%             | 2031-04-22      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                    | MO 2.45 02/04/32                                       | CUSIP: 02209SBL6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    840000 | PA      | $754073.28    | 0.22%             | 2032-02-04      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                              | T 5.55 08/15/41                                        | CUSIP: 00206RBA9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    240000 | PA      | $240483.43    | 0.07%             | 2041-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                       | CI 3.4 03/15/50                                        | CUSIP: 125523CK4<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   4870000 | PA      | $3455052.81   | 1.03%             | 2050-03-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                  | CHTR 5.125 07/01/49                                    | CUSIP: 161175BS2<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $1708235.63   | 0.51%             | 2049-07-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Santander UK Group Holdings PLC                       | SANUK 5.625 09/15/45 144A                              | CUSIP: 80281LAB1<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $476216.31    | 0.14%             | 2045-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                           | ABBV 3.2 11/21/29                                      | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    700000 | PA      | $683864.46    | 0.20%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                  | CHTR 5.5 04/01/63                                      | CUSIP: 161175CL6<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |     90000 | PA      | $71931.27     | 0.02%             | 2063-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                           | VZ 2.355 03/15/32                                      | CUSIP: 92343VGN8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1284000 | PA      | $1146916.74   | 0.34%             | 2032-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                      | AMZN 3.1 05/12/51                                      | CUSIP: 023135CB0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   3930000 | PA      | $2671049.61   | 0.80%             | 2051-05-12      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Transcontinental Gas Pipe Line Company, LLC           | WMB 3.25 05/15/30                                      | CUSIP: 893574AP8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    530000 | PA      | $513051.63    | 0.15%             | 2030-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                          | AVGO 3.187 11/15/36 144A                               | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     90000 | PA      | $77674.83     | 0.02%             | 2036-11-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                  | CHTR 6.484 10/23/45                                    | CUSIP: 161175BA1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    400000 | PA      | $380079.57    | 0.11%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| Visa Inc                                              | V 4.3 12/14/45                                         | CUSIP: 92826CAF9<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |   4375000 | PA      | $3879364.78   | 1.15%             | 2045-12-14      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Fox Corporation                                       | FOXA 5.576 01/25/49                                    | CUSIP: 35137LAK1<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    920000 | PA      | $875306.26    | 0.26%             | 2049-01-25      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                  | JPM V4.032 07/24/48                                    | CUSIP: 46647PAK2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1610000 | PA      | $1331210.95   | 0.40%             | 2048-07-24      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                              | T 5.35 09/01/40                                        | CUSIP: 04650NAB0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9981.71      | 0.00%             | 2040-09-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corporation                          | NOC 4.03 10/15/47                                      | CUSIP: 666807BP6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |   2170000 | PA      | $1781412.13   | 0.53%             | 2047-10-15      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                | GM 6.25 10/02/43                                       | CUSIP: 37045VAF7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    660000 | PA      | $677085.25    | 0.20%             | 2043-10-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                     | FE 3.9 07/15/27 B                                      | CUSIP: 337932AH0<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4269132.69   | 1.27%             | 2027-07-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                   | CMCSA 2.8 01/15/51                                     | CUSIP: 20030NDL2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1580000 | PA      | $945402.18    | 0.28%             | 2051-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                | FANG 3.125 03/24/31                                    | CUSIP: 25278XAR0<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    450000 | PA      | $427064.85    | 0.13%             | 2031-03-24      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                          | T 4 11/15/52                                           | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     10000 | PA      | $8987.70      | 0.00%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                    | TMUS 2.25 11/15/31                                     | CUSIP: 87264ABX2<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1518120.48   | 0.45%             | 2031-11-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                        | BNP V3.052 01/13/31 144A                               | CUSIP: 09659W2K9<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   2910000 | PA      | $2779750.61   | 0.83%             | 2031-01-13      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp.                                         | USB V5.836 06/12/34                                    | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    270000 | PA      | $290083.29    | 0.09%             | 2034-06-12      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                          | T 4 02/28/30                                           | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     30000 | PA      | $30597.66     | 0.01%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc.                                    | EOG 4.95 04/15/50                                      | CUSIP: 26875PAT8<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |   3420000 | PA      | $3113961.98   | 0.93%             | 2050-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corporation                             | UNP 2.891 04/06/36                                     | CUSIP: 907818FQ6<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1248342.80   | 0.37%             | 2036-04-06      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                           | HUM 4.8 03/15/47                                       | CUSIP: 444859BG6<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1473287.43   | 0.44%             | 2047-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Coterra Energy Inc                                    | CTRA 4.375 03/15/29                                    | CUSIP: 127097AK9<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2275479.34   | 0.68%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                   | CMCSA 4 08/15/47                                       | CUSIP: 20030NBZ3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7774.02      | 0.00%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                     | XOM 4.327 03/19/50                                     | CUSIP: 30231GBG6<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1499629.81   | 0.45%             | 2050-03-19      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                     | WFC V4.611 04/25/53 MTN                                | CUSIP: 95000U2Z5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5657000 | PA      | $4881001.76   | 1.45%             | 2053-04-25      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                            | OXY 6.45 09/15/36                                      | CUSIP: 674599DF9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    200000 | PA      | $217972.80    | 0.06%             | 2036-09-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Teachers Insurance and Annuity Association of America | TIAAGL 4.27 05/15/47 144A                              | CUSIP: 878091BF3<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |   5070000 | PA      | $4277176.06   | 1.27%             | 2047-05-15      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| Tennessee Gas Pipeline Company                        | KMI 2.9 03/01/30 144A                                  | CUSIP: 880451AZ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1530256.22   | 0.46%             | 2030-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                    | TMUS 3.5 04/15/31                                      | CUSIP: 87264ABW4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1932578.70   | 0.58%             | 2031-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc.                                | TXN 3.65 08/16/32                                      | CUSIP: 882508BP8<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    560000 | PA      | $544796.80    | 0.16%             | 2032-08-16      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                        | C 8.125 07/15/39                                       | CUSIP: 172967EW7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    910000 | PA      | $1170108.43   | 0.35%             | 2039-07-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Celulosa Arauco Y Constitucion                        | CELARA 5.5 04/30/49 144A                               | CUSIP: 151191BG7<br>LEI: 549300QEKV8G0AMNQD28 | Long             | DBT              | CORP              | CL        |   1740000 | PA      | $1580093.48   | 0.47%             | 2049-04-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                        | WES 4.05 02/01/30                                      | CUSIP: 958667AC1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   1610000 | PA      | $1590937.46   | 0.47%             | 2030-02-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                  | CHTR 3.9 06/01/52                                      | CUSIP: 161175CA0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $836507.67    | 0.25%             | 2052-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Shell Finance US Inc.                                 | RDSALN 3.25 04/06/50 *                                 | CUSIP: 822905AG0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    880000 | PA      | $621483.65    | 0.19%             | 2050-04-06      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                    | ET 3.75 05/15/30                                       | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1525216.91   | 0.45%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                       | CI 4.8 08/15/38                                        | CUSIP: 125523AJ9<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    500000 | PA      | $484935.25    | 0.14%             | 2038-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                        | MEX 4.4 02/12/52                                       | CUSIP: 91087BAS9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |  16780000 | PA      | $12510329.00  | 3.72%             | 2052-02-12      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Transcontinental Gas Pipe Line Company, LLC           | WMB 3.95 05/15/50                                      | CUSIP: 893574AR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1130000 | PA      | $894883.71    | 0.27%             | 2050-05-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| American Transmission Systems, Incorporated           | FE 2.65 01/15/32 144A                                  | CUSIP: 030288AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2196848.78   | 0.65%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                               | MA 3.65 06/01/49                                       | CUSIP: 57636QAL8<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |   7960000 | PA      | $6137886.59   | 1.83%             | 2049-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Israel (State Of)                                     | ISRAEL 4.125 01/17/48 30Y                              | CUSIP: 46513YJJ8<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |   2440000 | PA      | $1954477.31   | 0.58%             | 2048-01-17      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets America, Inc.                      | BPLN 3.001 03/17/52                                    | CUSIP: 10373QBS8<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |   2660000 | PA      | $1748856.45   | 0.52%             | 2052-03-17      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                     | FE 4.85 07/15/47 C                                     | CUSIP: 337932AJ6<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   5870000 | PA      | $5244057.89   | 1.56%             | 2047-07-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                  | JPM 4.95 06/01/45                                      | CUSIP: 46625HLL2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    430000 | PA      | $408763.96    | 0.12%             | 2045-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                               | UNH 4.2 05/15/32                                       | CUSIP: 91324PEJ7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    740000 | PA      | $737766.60    | 0.22%             | 2032-05-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                | GM 6.6 04/01/36                                        | CUSIP: 37045VAK6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    350000 | PA      | $384226.56    | 0.11%             | 2036-04-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                              | DVN 5.6 07/15/41                                       | CUSIP: 25179MAL7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    750000 | PA      | $751598.35    | 0.22%             | 2041-07-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Cameron LNG LLC                                       | CAMLNG 2.902 07/15/31 144A                             | CUSIP: 133434AA8<br>LEI: 549300C39FLHGVD73K22 | Long             | DBT              | CORP              | US        |    650000 | PA      | $610323.13    | 0.18%             | 2031-07-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                          | T 4.75 02/15/45                                        | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     90000 | PA      | $92278.13     | 0.03%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PT Pertamina (Persero)                                | PERTIJ 5.625 05/20/43 144A                             | CUSIP: 69369EAF6<br>LEI: 254900NDAKGNZ2IBBL45 | Long             | DBT              | CORP              | ID        |   2130000 | PA      | $2066150.16   | 0.62%             | 2043-05-20      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                            | OXY 4.4 04/15/46                                       | CUSIP: 674599CJ2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    830000 | PA      | $679733.65    | 0.20%             | 2046-04-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Blackstone Holdings Finance Co. L.L.C.                | BX 5 06/15/44 144A                                     | CUSIP: 09256BAG2<br>LEI: 549300D2L6J4NC1QVZ22 | Long             | DBT              | CORP              | US        |     90000 | PA      | $84336.17     | 0.03%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                   | CMCSA 2.887 11/01/51                                   | CUSIP: 20030NDS7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $712852.73    | 0.21%             | 2051-11-01      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corporation                             | UNP 3.839 03/20/60                                     | CUSIP: 907818FG8<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1398101.30   | 0.42%             | 2060-03-20      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                              | T 2.25 02/01/32                                        | CUSIP: 00206RKH4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1214966.84   | 0.36%             | 2032-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Suzano Austria GmbH                                   | SUZANO 6 01/15/29                                      | CUSIP: 86964WAF9<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |   2670000 | PA      | $2769580.32   | 0.82%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                   | CMCSA 4.25 10/15/30                                    | CUSIP: 20030NCU3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1049422.75   | 0.31%             | 2030-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.                             | WBD 3.755 03/15/27 *                                   | CUSIP: 55903VBL6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    102000 | PA      | $101754.69    | 0.03%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                               | UNH 4.45 12/15/48                                      | CUSIP: 91324PDQ2<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $866984.51    | 0.26%             | 2048-12-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                | GM 5.2 04/01/45                                        | CUSIP: 37045VAJ9<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    260000 | PA      | $236907.49    | 0.07%             | 2045-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                               | UNH 5.875 02/15/53                                     | CUSIP: 91324PES7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1363697.03   | 0.41%             | 2053-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Duke Energy Indiana, LLC.                             | DUK 3.25 10/01/49 YYY                                  | CUSIP: 26443TAB2<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |    220000 | PA      | $155133.67    | 0.05%             | 2049-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                           | VZ 2.55 03/21/31                                       | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    640000 | PA      | $592303.21    | 0.18%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                    | TMUS 2.55 02/15/31                                     | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    540000 | PA      | $499985.61    | 0.15%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                             | GS V2.908 07/21/42                                     | CUSIP: 38141GYK4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $828200.30    | 0.25%             | 2042-07-21      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                           | ABBV 4.875 11/14/48                                    | CUSIP: 00287YBD0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   3630000 | PA      | $3356369.08   | 1.00%             | 2048-11-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Sands China Ltd.                                      | SANLTD 2.3 03/08/27                                    | CUSIP: 80007RAN5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    950000 | PA      | $933050.96    | 0.28%             | 2027-03-08      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Telefonica Emisiones S.A.U.                           | TELEFO 5.213 03/08/47                                  | CUSIP: 87938WAU7<br>LEI: 549300Y5MFC4SW5Z3K71 | Long             | DBT              | CORP              | ES        |    490000 | PA      | $441859.59    | 0.13%             | 2047-03-08      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                           | VZ 5.25 03/16/37                                       | CUSIP: 92343VDU5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1181283.10   | 0.35%             | 2037-03-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                    | TMUS 3 02/15/41                                        | CUSIP: 87264ABL8<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1058517.08   | 0.32%             | 2041-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                     | EPD 2.8 01/31/30                                       | CUSIP: 29379VBX0<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1226976.83   | 0.37%             | 2030-01-31      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                        | MS V2.699 01/22/31 GMTN                                | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1239771.38   | 0.37%             | 2031-01-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                              | T 2.55 12/01/33                                        | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    420000 | PA      | $364395.74    | 0.11%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                        | C 4.45 09/29/27                                        | CUSIP: 172967KA8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    640000 | PA      | $644047.82    | 0.19%             | 2027-09-29      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                | Ultra U.S. Treasury Bond Futures, Jun-2026,ETH         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -308 | NC      | $-582843.80   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| WEA FINANCE LLC                                       | URWFP 4.75 09/17/44 144A                               | CUSIP: 92890HAD4<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              | CORP              | US        |    200000 | PA      | $176925.36    | 0.05%             | 2044-09-17      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                 | BAC 5 01/21/44 MTN                                     | CUSIP: 06051GFC8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1023034.89   | 0.30%             | 2044-01-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                             | GS V3.436 02/24/43                                     | CUSIP: 38141GZN7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1810000 | PA      | $1422931.79   | 0.42%             | 2043-02-24      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru - Petroperu SA                     | PETRPE 4.75 06/19/32 144A                              | CUSIP: 716564AA7<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |   1420000 | PA      | $1039837.60   | 0.31%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Shell Finance US Inc.                                 | RDSALN 4.55 08/12/43 *                                 | CUSIP: 822905AD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    880000 | PA      | $806191.79    | 0.24%             | 2043-08-12      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                              | DVN 4.75 05/15/42                                      | CUSIP: 25179MAN3<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    660000 | PA      | $599501.89    | 0.18%             | 2042-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                              | T 3.8 12/01/57                                         | CUSIP: 00206RMN9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   6730000 | PA      | $4725824.31   | 1.41%             | 2057-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                        | C V4.91 05/24/33                                       | CUSIP: 172967NU1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6760000 | PA      | $6901138.66   | 2.05%             | 2033-05-24      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                              | T 3.5 09/15/53                                         | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    620000 | PA      | $423365.74    | 0.13%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                     | EPD 3.7 01/31/51                                       | CUSIP: 29379VBY8<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    210000 | PA      | $157856.56    | 0.05%             | 2051-01-31      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                           | VZ 4.4 11/01/34                                        | CUSIP: 92343VCQ5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127468.08    | 0.04%             | 2034-11-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                     | INTC 4.75 03/25/50                                     | CUSIP: 458140BM1<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1036726.84   | 0.31%             | 2050-03-25      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                          | AVGO 4.15 11/15/30                                     | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    189000 | PA      | $189660.48    | 0.06%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                               | UNH 4.75 07/15/45                                      | CUSIP: 91324PCR1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     80000 | PA      | $72595.31     | 0.02%             | 2045-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JSC National Company KazMunayGas                      | KZOKZ 5.75 04/19/47 144A                               | CUSIP: 48667QAP0<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |   4960000 | PA      | $4783889.64   | 1.42%             | 2047-04-19      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                  | CHTR 3.5 03/01/42                                      | CUSIP: 161175CE2<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    290000 | PA      | $204985.84    | 0.06%             | 2042-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                        | C V2.572 06/03/31                                      | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    680000 | PA      | $635782.10    | 0.19%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.                             | WBD 4.054 03/15/29 *                                   | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    270000 | PA      | $267332.40    | 0.08%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Pfizer Inc.                                           | PFE 4 03/15/49                                         | CUSIP: 717081EV1<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   2170000 | PA      | $1766927.30   | 0.53%             | 2049-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                           | VZ 4.78 02/15/35                                       | CUSIP: 92343VGY4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1204000 | PA      | $1199226.51   | 0.36%             | 2035-02-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                           | LMT 3.9 06/15/32                                       | CUSIP: 539830BR9<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    560000 | PA      | $556591.17    | 0.17%             | 2032-06-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                        | BNP 4.625 03/13/27 144A                                | CUSIP: 05581KAC5<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   1840000 | PA      | $1850426.21   | 0.55%             | 2027-03-13      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                          | ORCL 3.25 05/15/30                                     | CUSIP: 68389XBD6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1798628.47   | 0.54%             | 2030-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                      | AMZN 2.7 06/03/60                                      | CUSIP: 023135BU9<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $623279.50    | 0.19%             | 2060-06-03      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                             | GS V4.223 05/01/29                                     | CUSIP: 38141GWZ3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    880000 | PA      | $882699.34    | 0.26%             | 2029-05-01      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| Midamerican Energy Company                            | BRKHEC 3.95 08/01/47                                   | CUSIP: 595620AR6<br>LEI: NINLOILYRTLIMK26MZ18 | Long             | DBT              | CORP              | US        |   1581000 | PA      | $1286456.29   | 0.38%             | 2047-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                 | BAC V2.972 02/04/33 MTN                                | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2840000 | PA      | $2626083.30   | 0.78%             | 2033-02-04      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAPITAL DAC                            | AER 3 10/29/28                                         | CUSIP: 00774MAW5<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    670000 | PA      | $652014.17    | 0.19%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                     | INTC 3.05 08/12/51                                     | CUSIP: 458140BW9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    820000 | PA      | $515891.52    | 0.15%             | 2051-08-12      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                  | CHTR 4.8 03/01/50                                      | CUSIP: 161175BT0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    910000 | PA      | $694067.91    | 0.21%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                    | TMUS 4.375 04/15/40                                    | CUSIP: 87264AAX3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    270000 | PA      | $246743.30    | 0.07%             | 2040-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                     | WFC V5.557 07/25/34 MTN                                | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $2252544.61   | 0.67%             | 2034-07-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| AIMCO CLO 15 LTD                                      | AIMCO 2021-15A AR                                      | CUSIP: 00889BAE1<br>LEI: 254900QER1MDK5C1YE06 | Long             | ABS-CBDO         | CORP              | KY        |   6500000 | PA      | $6512444.90   | 1.94%             | 2038-04-17      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                       | CVS 2.125 09/15/31                                     | CUSIP: 126650DR8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    590000 | PA      | $523669.17    | 0.16%             | 2031-09-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Ecopetrol S.A.                                        | ECOPET 5.875 11/02/51                                  | CUSIP: 279158AQ2<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   4250000 | PA      | $3072392.41   | 0.91%             | 2051-11-02      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.                             | WBD 5.05 03/15/42 *                                    | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    130000 | PA      | $91650.00     | 0.03%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                          | T 3 02/15/48                                           | CUSIP: 912810SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1020000 | PA      | $787790.63    | 0.23%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                           | VZ 2.875 11/20/50                                      | CUSIP: 92343VFU3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     10000 | PA      | $6330.15      | 0.00%             | 2050-11-20      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                      | PCG 2.1 08/01/27                                       | CUSIP: 694308JF5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    980000 | PA      | $955524.43    | 0.28%             | 2027-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                              | T 4.35 06/15/45                                        | CUSIP: 00206RBK7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    352000 | PA      | $296867.85    | 0.09%             | 2045-06-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.           | 2-Year T-Note Futures, Jun-2026,ETH                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       172 | NC      | $56269.45     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                             | UNP 3.75 02/05/70                                      | CUSIP: 907818FL7<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    920000 | PA      | $640929.32    | 0.19%             | 2070-02-05      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                             | GS 5.15 05/22/45                                       | CUSIP: 38148LAF3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    880000 | PA      | $831448.84    | 0.25%             | 2045-05-22      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                    | ET 5.25 04/15/29                                       | CUSIP: 29278NAG8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    180000 | PA      | $185947.19    | 0.06%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                                 | FCX 5.45 03/15/43                                      | CUSIP: 35671DBC8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2474901.00   | 0.74%             | 2043-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                  | CHTR 4.4 04/01/33                                      | CUSIP: 161175CJ1<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    540000 | PA      | $514520.27    | 0.15%             | 2033-04-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Sands China Ltd.                                      | SANLTD 2.85 03/08/29                                   | CUSIP: 80007RAQ8<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    570000 | PA      | $545866.60    | 0.16%             | 2029-03-08      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                   | CMCSA 3.969 11/01/47                                   | CUSIP: 20030NCC3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    600000 | PA      | $462706.49    | 0.14%             | 2047-11-01      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc.                                       | HD 4.95 09/15/52                                       | CUSIP: 437076CT7<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1930000 | PA      | $1786941.95   | 0.53%             | 2052-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC (THE)                          | WMB 5.1 09/15/45                                       | CUSIP: 96949LAC9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    970000 | PA      | $908618.85    | 0.27%             | 2045-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                           | VZ 1.75 01/20/31                                       | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    780000 | PA      | $697759.34    | 0.21%             | 2031-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.           | 5-Year T-Note Futures, Jun-2026,ETH                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       361 | NC      | $161759.17    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                          | PEMEX 6.75 09/21/47                                    | CUSIP: 71654QCC4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    307000 | PA      | $255548.43    | 0.08%             | 2047-09-21      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                            | OXY 4.1 02/15/47                                       | CUSIP: 674599CL7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2290000 | PA      | $1733604.65   | 0.52%             | 2047-02-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                             | GS 4.75 10/21/45                                       | CUSIP: 38141GVS0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1378900.00   | 0.41%             | 2045-10-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Comcast Corporation                                   | CMCSA 2.937 11/01/56                                   | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1194000 | PA      | $696889.22    | 0.21%             | 2056-11-01      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                           | HUM 4.95 10/01/44                                      | CUSIP: 444859BE1<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $915530.56    | 0.27%             | 2044-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                          | AVGO 4.926 05/15/37 144A                               | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    769000 | PA      | $769519.60    | 0.23%             | 2037-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.                             | WBD 5.141 03/15/52 *                                   | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    125000 | PA      | $82187.50     | 0.02%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                            | BATSLN 7.75 10/19/32                                   | CUSIP: 05526DBX2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   2430000 | PA      | $2867441.53   | 0.85%             | 2032-10-19      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Perusahaan Listrik Negara PT                          | PLNIJ 4 06/30/50 144A                                  | CUSIP: 71568PAP4<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |   7080000 | PA      | $5199942.11   | 1.55%             | 2050-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cameron LNG LLC                                       | CAMLNG 3.302 01/15/35 144A                             | CUSIP: 133434AB6<br>LEI: 549300C39FLHGVD73K22 | Long             | DBT              | CORP              | US        |    886000 | PA      | $790887.36    | 0.24%             | 2035-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.           | 10-Year T-Note Futures, Jun-2026,ETH                   | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |      -424 | NC      | $-398233.52   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                                           | PFE 2.55 05/28/40                                      | CUSIP: 717081EZ2<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1232268.66   | 0.37%             | 2040-05-28      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                    | TMUS 3.3 02/15/51                                      | CUSIP: 87264ABN4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    680000 | PA      | $464236.89    | 0.14%             | 2051-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                            | OXY 3 02/15/27                                         | CUSIP: 674599CM5<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    520000 | PA      | $515921.38    | 0.15%             | 2027-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                            | BA 3.75 02/01/50                                       | CUSIP: 097023CQ6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    230000 | PA      | $170926.84    | 0.05%             | 2050-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SPECTRUM MANAGEMENT HOLDING COMPANY LLC               | CHTR 7.3 07/01/38                                      | CUSIP: 88732JAN8<br>LEI: B1WXCWLJVJXMWJX6O298 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1635122.34   | 0.49%             | 2038-07-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corporation                           | LMT 4.09 09/15/52                                      | CUSIP: 539830BN8<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   6580000 | PA      | $5340838.15   | 1.59%             | 2052-09-15      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                               | UNH 3.125 05/15/60                                     | CUSIP: 91324PEA6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1082950.23   | 0.32%             | 2060-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                             | GS 6.75 10/01/37                                       | CUSIP: 38141GFD1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    900000 | PA      | $1011375.09   | 0.30%             | 2037-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Tsmc Arizona Corp.                                    | TAISEM 2.5 10/25/31                                    | CUSIP: 872898AC5<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1185946.59   | 0.35%             | 2031-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                     | WFC 4.9 11/17/45 GMTN                                  | CUSIP: 94974BGQ7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1102605.49   | 0.33%             | 2045-11-17      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                | Ultra 10-Year U.S. Treasury Note Futures, Jun-2026,ETH | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |        38 | NC      | $26957.49     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                           | VZ 4.5 08/10/33                                        | CUSIP: 92343VEA8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1885805.96   | 0.56%             | 2033-08-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Petrobras Global Finance B.V.                         | PETBRA 6.85 06/05/15                                   | CUSIP: 71647NAN9<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |   1480000 | PA      | $1427831.18   | 0.43%             | 2115-06-05      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                           | ABBV 4.4 11/06/42                                      | CUSIP: 00287YAM1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   4050000 | PA      | $3677381.61   | 1.09%             | 2042-11-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                       | CVS 5.125 07/20/45                                     | CUSIP: 126650CN8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1831573.28   | 0.55%             | 2045-07-20      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                          | PEMEX 6.375 01/23/45                                   | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1100000 | PA      | $911551.52    | 0.27%             | 2045-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                       | DANBNK V4.298 04/01/28 144A                            | CUSIP: 23636ABC4<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   1040000 | PA      | $1044001.45   | 0.31%             | 2028-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                | BATSLN 5.85 08/15/45                                   | CUSIP: 761713BB1<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1136157.32   | 0.34%             | 2045-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Perusahaan Listrik Negara PT                          | PLNIJ 4.375 02/05/50 144A                              | CUSIP: 71568PAM1<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |   4000000 | PA      | $3155714.80   | 0.94%             | 2050-02-05      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                     | XOM 4.114 03/01/46                                     | CUSIP: 30231GAW2<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    530000 | PA      | $452991.21    | 0.13%             | 2046-03-01      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Elevation Clo 2016-5 Ltd                              | AWPT 2025-18A A1                                       | CUSIP: 28623JAA4<br>LEI: 549300IH854FT1JLRT08 | Long             | ABS-CBDO         | CORP              | KY        |   4360000 | PA      | $4366540.00   | 1.30%             | 2038-03-29      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.           | U.S. Treasury Bond Futures, Jun-2026,ETH               | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |       450 | NC      | $528566.39    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander SA                                    | SANTAN V4.175 03/24/28                                 | CUSIP: 05964HAQ8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $600295.72    | 0.18%             | 2028-03-24      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                  | JPM V3.897 01/23/49                                    | CUSIP: 46647PAN6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    380000 | PA      | $305955.41    | 0.09%             | 2049-01-23      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                            | OXY 7.5 05/01/31                                       | CUSIP: 674599DD4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    600000 | PA      | $683565.00    | 0.20%             | 2031-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                 | BAC V2.572 10/20/32                                    | CUSIP: 06051GKD0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   7280000 | PA      | $6635088.46   | 1.98%             | 2032-10-20      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS LP                           | TRGP 4.875 02/01/31                                    | CUSIP: 87612BBS0<br>LEI: 6OQWTZ1SPC04IFT4T704 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151967.94    | 0.05%             | 2031-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corporation                            | CARR 2.722 02/15/30                                    | CUSIP: 14448CAQ7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    260000 | PA      | $247168.69    | 0.07%             | 2030-02-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                           | VZ 3.55 03/22/51                                       | CUSIP: 92343VGB4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2360000 | PA      | $1711475.47   | 0.51%             | 2051-03-22      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                  | JPM V2.956 05/13/31                                    | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    430000 | PA      | $409254.28    | 0.12%             | 2031-05-13      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                  | CHTR 5.375 04/01/38                                    | CUSIP: 161175BM5<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1502486.27   | 0.45%             | 2038-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BLUEMOUNTAIN CLO 2015-3 LLC                           | BLUEM 2015-3A A1R                                      | CUSIP: 09628JAL5<br>LEI: 5493009UJ1T6R11V4458 | Long             | ABS-CBDO         | CORP              | US        |    386191 | PA      | $386611.30    | 0.12%             | 2031-04-21      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                           | VZ 2.65 11/20/40                                       | CUSIP: 92343VFT6<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1166708.48   | 0.35%             | 2040-11-20      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                          | UBS V3.126 08/13/30 144A                               | CUSIP: 902613AA6<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1970000 | PA      | $1904329.01   | 0.57%             | 2030-08-13      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| MetLife Inc.                                          | MET 4.05 03/01/45                                      | CUSIP: 59156RBN7<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |     30000 | PA      | $24829.14     | 0.01%             | 2045-03-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating LP                        | WES 5.25 02/01/50                                      | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    120000 | PA      | $104284.27    | 0.03%             | 2050-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Williams Companies Inc. (The)                         | WMB 8.75 03/15/32                                      | CUSIP: 969457BM1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     10000 | PA      | $12227.55     | 0.00%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                            | OXY 7.875 09/15/31                                     | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    200000 | PA      | $232294.74    | 0.07%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                          | T 4.625 05/15/54                                       | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    720000 | PA      | $717918.75    | 0.21%             | 2054-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                      | PCG 3.5 08/01/50                                       | CUSIP: 694308JJ7<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    190000 | PA      | $131377.20    | 0.04%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Kazakhstan (Republic Of)                              | KAZAKS 4.875 10/14/44 144A                             | CUSIP: 486661AF8<br>LEI: 5493007OEK8EF02UO833 | Long             | DBT              | NUSS              | KZ        |   2130000 | PA      | $1967229.23   | 0.59%             | 2044-10-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| EMPOWER CLO 2024-1 LTD                                | EMPWR 2024-1A A1                                       | CUSIP: 29244RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3050000 | PA      | $3061490.88   | 0.91%             | 2037-04-27      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                       | EQT 7 02/01/30                                         | CUSIP: 26884LAG4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2464801.63   | 0.73%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                        | MS V6.342 10/18/33                                     | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5460000 | PA      | $6010816.87   | 1.79%             | 2033-10-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                          | UBS V4.194 04/01/31 144A                               | CUSIP: 225401AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   3660000 | PA      | $3650468.99   | 1.09%             | 2031-04-01      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                     | HSBC V4.762 03/29/33                                   | CUSIP: 404280DC0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2220000 | PA      | $2224329.27   | 0.66%             | 2033-03-29      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                          | BACR V5.088 06/20/30                                   | CUSIP: 06738EBK0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   1330000 | PA      | $1356715.07   | 0.40%             | 2030-06-20      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                             | RTX 4.05 05/04/47                                      | CUSIP: 913017CP2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    740000 | PA      | $612092.81    | 0.18%             | 2047-05-04      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                           | VZ 3.875 03/01/52                                      | CUSIP: 92343VGP3<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $931686.86    | 0.28%             | 2052-03-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                           | HUM 2.15 02/03/32                                      | CUSIP: 444859BR2<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $960550.51    | 0.29%             | 2032-02-03      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank U.A.                            | RABOBK V3.758 04/06/33 144A                            | CUSIP: 74977RDP6<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   1070000 | PA      | $1028336.10   | 0.31%             | 2033-04-06      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                 | TRGP 6.25 07/01/52                                     | CUSIP: 87612KAC6<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256384.54    | 0.08%             | 2052-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Southern Copper Corporation                           | SCCO 5.25 11/08/42                                     | CUSIP: 84265VAG0<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |   3260000 | PA      | $3208703.25   | 0.96%             | 2042-11-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPERATING LLC                  | CHTR 5.375 05/01/47                                    | CUSIP: 161175BL7<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    910000 | PA      | $759289.72    | 0.23%             | 2047-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-23

**Name of Applicant:** Legg Mason Partners Institutional Trust

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer