# EDGAR Filing Document

**Accession Number:** 0001048702
**File Stem:** 0001752724-23-063230
**Filing Date:** 2023-3
**Character Count:** 108133
**Document Hash:** c680c334e403bd4730c8a25e65314d90
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-063230.hdr.sgml**: 20230322

**ACCESSION NUMBER**: 0001752724-23-063230

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230322

**DATE AS OF CHANGE**: 20230322

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONWIDE MUTUAL FUNDS
- **CENTRAL INDEX KEY:** 0001048702
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08495
- **FILM NUMBER:** 23752140

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 05-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-435-5749

**MAIL ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 05-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GARTMORE MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20020125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 19991015

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE INVESTING FOUNDATION III
- **DATE OF NAME CHANGE:** 19971029

## Series and Classes Contracts Data

### Nationwide Bond Fund (Series ID: S000004971)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000013445 | Class A                     | NBDAX           |
| C000013447 | Class C                     | GBDCX           |
| C000013448 | Institutional Service Class | MUIBX           |
| C000120823 | Class R6                    | NWIBX           |

## Nport-Ex

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Nationwide Mutual Funds

- **b. Investment Company Act file number:** 811-08495

- **c. CIK number of Registrant:** 0001048702

- **d. LEI of Registrant:** 549300NXDT8MH8Z3PQ44

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

  - **Street Address 1:** One Nationwide Plaza Location:N0900

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43215

  - **Telephone number:** 614-435-3820

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

- **a. Name of Series:** Nationwide Bond Fund

- **b. EDGAR series identifier (if any):** S000004971

- **c. LEI of Series:** 549300F3RPNCOQ27WN66

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $285364435.83

**Total Liabilities:** $3798156.83

**Net Assets:** $281566279.00

**Cash Not Reported:** $3565770.91

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 119.78947900 | **1-Year:** 2335.90819500 | **5-Year:** 29295.94688100 | **10-Year:** 62475.13991500 | **30-Year:** 9657.34867300

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00003900 | **5-Year:** 0.00002000 | **10-Year:** 18.53595300 | **30-Year:** 3.12857700

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013447 | 3.47%                | -0.66%               | 3.39%                |
| Class ID C000013445 | 3.54%                | -0.60%               | 3.47%                |
| Class ID C000013448 | 3.56%                | -0.58%               | 3.48%                |
| Class ID C000120823 | 3.56%                | -0.45%               | 3.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-912361.23              | $10398726.30                               |
| Month 2  | $-1019971.32             | $-1228456.50                               |
| Month 3  | $-282820.68              | $8863147.57                                |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate Bond Total Return

- **Index Identifier:** LEHM.MC.LEHMRT00001UUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JPMorgan Chase & Co.                                                 | JPMorgan Chase & Co.                                                                            | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    425000 | PA      | $438486.47    | 0.16%             | 2033-09-14      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corp.                                         | Chase Mortgage Finance Corp., Series 2016-SH2, Class M2                                         | CUSIP: 16164AAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2737715 | PA      | $2427542.15   | 0.86%             | 2045-12-25      | Variable      | 3.75%                 | Yes           |                  2 | On Loan: No      |
| British Airways Pass-Through Trust                                   | British Airways Pass-Through Trust, Series 2021-1, Class B                                      | CUSIP: 11042CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2266915 | PA      | $1915679.08   | 0.68%             | 2031-09-15      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| Kite Realty Group Trust                                              | Kite Realty Group Trust                                                                         | CUSIP: 76131VAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    549000 | PA      | $505445.75    | 0.18%             | 2030-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                    | Wells Fargo & Co.                                                                               | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    750000 | PA      | $661351.23    | 0.23%             | 2033-03-02      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| NRZ Advance Receivables Trust                                        | NRZ Advance Receivables Trust, Series 2020-T2, Class AT2                                        | CUSIP: 62942QCW1<br>LEI: 549300RNWDDBV4LFKJ17 | Long             | ABS-O            | CORP              | US        |   1700000 | PA      | $1645579.43   | 0.58%             | 2053-09-15      | Fixed         | 1.48%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CEV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $980468.75    | 0.35%             | 2029-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Finance LLC                                           | Alliant Energy Finance LLC                                                                      | CUSIP: 01882YAB2<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1908259.12   | 0.68%             | 2028-06-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 3140QB7A0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1259727 | PA      | $1184059.47   | 0.42%             | 2034-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Securities Trust                         | Natixis Commercial Mortgage Securities Trust, Series 2019-LVL, Class A                          | CUSIP: 63874TAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $359691.16    | 0.13%             | 2038-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| ONEOK, Inc.                                                          | ONEOK, Inc.                                                                                     | CUSIP: 682680BF9<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $555625.25    | 0.20%             | 2051-01-15      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                                    | Philip Morris International, Inc.                                                               | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    165000 | PA      | $172328.50    | 0.06%             | 2029-11-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LCM 37 Ltd.                                                          | LCM 37 Ltd., Series 37A, Class A1                                                               | CUSIP: 50204JAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $496177.50    | 0.18%             | 2034-04-15      | Floating      | 6.14%                 | Yes           |                  2 | On Loan: No      |
| Digital Equipment Corp.                                              | Digital Equipment Corp.                                                                         | CUSIP: 253849AK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    825000 | PA      | $828616.13    | 0.29%             | 2023-04-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AutoZone, Inc.                                                       | AutoZone, Inc.                                                                                  | CUSIP: 053332BB7<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000005.95   | 0.36%             | 2032-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| CF SECURED LLC                                                       | Treasury Repurchase Agreement                                                                   | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |   2833568 | PA      | $2833567.50   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Invitation Homes Operating Partnership LP                            | Invitation Homes Operating Partnership LP                                                       | CUSIP: 46188BAC6<br>LEI: 549300147YMUQB3GW319 | Long             | DBT              | CORP              | US        |   1235000 | PA      | $953280.99    | 0.34%             | 2034-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Ares LVI CLO Ltd.                                                    | Ares LVI CLO Ltd., Series 2020-56A, Class AR                                                    | CUSIP: 04018NAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $494380.50    | 0.18%             | 2034-10-25      | Floating      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                           | UMBS                                                                                            | CUSIP: 3132DWE41<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4931014 | PA      | $4624997.05   | 1.64%             | 2052-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Goodgreen                                                            | Goodgreen, Series 2022-1A, Class A                                                              | CUSIP: 38218JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    623862 | PA      | $558980.37    | 0.20%             | 2056-10-15      | Fixed         | 3.84%                 | Yes           |                  2 | On Loan: No      |
| HERO Funding Trust                                                   | HERO Funding Trust, Series 2015-3A, Class A                                                     | CUSIP: 42771TAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    431356 | PA      | $419001.77    | 0.15%             | 2041-09-20      | Fixed         | 4.28%                 | Yes           |                  2 | On Loan: No      |
| Goodgreen Trust                                                      | Goodgreen Trust, Series 2017-1A, Class A                                                        | CUSIP: 38217VAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95032 | PA      | $89788.61     | 0.03%             | 2052-10-15      | Fixed         | 3.74%                 | Yes           |                  2 | On Loan: No      |
| Anheuser-Busch Cos. LLC                                              | Anheuser-Busch Cos. LLC                                                                         | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $976081.39    | 0.35%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Var Energi ASA                                                       | Var Energi ASA                                                                                  | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |    200000 | PA      | $208755.39    | 0.07%             | 2028-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Fells Point Funding Trust                                            | Fells Point Funding Trust                                                                       | CUSIP: 314382AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2625000 | PA      | $2442559.35   | 0.87%             | 2027-01-31      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: No      |
| Wellman Park CLO Ltd.                                                | Wellman Park CLO Ltd., Series 2021-1A, Class A                                                  | CUSIP: 949723AA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $986894.00    | 0.35%             | 2034-07-15      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                                | Lockheed Martin Corp.                                                                           | CUSIP: 539830BB4<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137942.93    | 0.05%             | 2042-12-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CEW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1965859.38   | 0.70%             | 2027-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                              | Hyundai Capital America                                                                         | CUSIP: 44891ABP1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    385000 | PA      | $341749.62    | 0.12%             | 2027-10-15      | Fixed         | 2.38%                 | Yes           |                  2 | On Loan: No      |
| International Business Machines Corp.                                | International Business Machines Corp.                                                           | CUSIP: 459200KU4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    850000 | PA      | $835500.63    | 0.30%             | 2032-07-27      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 3140J6GM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    444911 | PA      | $437363.81    | 0.16%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Bonds                                                                             | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16000000 | PA      | $12158750.08  | 4.32%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CBV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $950429.69    | 0.34%             | 2024-04-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Visio Trust                                                          | Visio Trust, Series 2019-2, Class A2                                                            | CUSIP: 92837DAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    236278 | PA      | $223686.42    | 0.08%             | 2054-11-25      | Variable      | 2.92%                 | Yes           |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                     | Burlington Northern Santa Fe LLC                                                                | CUSIP: 12189LAW1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $913868.84    | 0.32%             | 2045-04-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2040546.88   | 0.72%             | 2027-09-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                      | Citigroup, Inc.                                                                                 | CUSIP: 172967NN7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    450000 | PA      | $407668.14    | 0.14%             | 2033-03-17      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| Cedar Funding VIII CLO Ltd.                                          | Cedar Funding VIII CLO Ltd., Series 2017-8A, Class A1R                                          | CUSIP: 15032EAL3<br>LEI: 549300PTCF9P2JDL1E69 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $493312.50    | 0.18%             | 2034-10-17      | Floating      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                                        | Citigroup Mortgage Loan Trust, Series 2015-RP2, Class A1                                        | CUSIP: 17323TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155615 | PA      | $149143.99    | 0.05%             | 2053-01-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Citizens Financial Group, Inc.                                       | Citizens Financial Group, Inc.                                                                  | CUSIP: 174610AW5<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1050476.69   | 0.37%             | 2032-09-30      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CBS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $889375.00    | 0.32%             | 2028-03-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CGD7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1300000 | PA      | $1300000.00   | 0.46%             | 2024-12-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| S&P Global, Inc.                                                     | S&P Global, Inc.                                                                                | CUSIP: 78409VBC7<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1328835.62   | 0.47%             | 2032-03-01      | Fixed         | 2.90%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CEU1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1948125.00   | 0.69%             | 2025-06-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| N/A                                                                  | CDI                                                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |   3800000 | PA      | $-50388.61    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 3140KDM98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5434641 | PA      | $4996755.42   | 1.77%             | 2050-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue  | Metropolitan Washington Airports Authority Dulles Toll Road Revenue                             | CUSIP: 592643AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $780715.02    | 0.28%             | 2046-10-01      | Fixed         | 7.46%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                                                          | Amgen, Inc.                                                                                     | CUSIP: 031162DH0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    325000 | PA      | $313929.89    | 0.11%             | 2029-08-18      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CBR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3807968.76   | 1.35%             | 2024-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                           | UMBS                                                                                            | CUSIP: 3133B93G7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8593826 | PA      | $7530146.24   | 2.67%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                  | CDI                                                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DCR              |  | US        |  25200000 | PA      | $-306309.41   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| Targa Resources Partners LP                                          | Targa Resources Partners LP                                                                     | CUSIP: 87612BBU5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1020000 | PA      | $890670.02    | 0.32%             | 2032-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GE Capital Funding LLC                                               | GE Capital Funding LLC                                                                          | CUSIP: 36166NAK9<br>LEI: 549300XAGH9TOLX5XM67 | Long             | DBT              | CORP              | US        |    322000 | PA      | $318260.81    | 0.11%             | 2032-05-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CES6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1905156.24   | 0.68%             | 2029-05-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                            | Towd Point Mortgage Trust, Series 2019-4, Class A2                                              | CUSIP: 89178BAB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    590000 | PA      | $514357.22    | 0.18%             | 2059-10-25      | Variable      | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategies CLO Ltd.                            | Carlyle Global Market Strategies CLO Ltd., Series 2016-1A, Class A1R2                           | CUSIP: 14312HAU0<br>LEI: 549300N3CJKPCWZ7KX23 | Long             | ABS-CBDO         | CORP              | KY        |    200000 | PA      | $196702.40    | 0.07%             | 2034-04-20      | Floating      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| PepsiCo, Inc.                                                        | PepsiCo, Inc.                                                                                   | CUSIP: 713448FM5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $977029.31    | 0.35%             | 2032-07-18      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Raytheon Technologies Corp.                                          | Raytheon Technologies Corp.                                                                     | CUSIP: 913017CY3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1864342.61   | 0.66%             | 2028-11-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 3140XHHT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7721530 | PA      | $6496058.58   | 2.31%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                                    | Philip Morris International, Inc.                                                               | CUSIP: 718172CX5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    200000 | PA      | $210308.45    | 0.07%             | 2032-11-17      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Amazon.com, Inc.                                                     | Amazon.com, Inc.                                                                                | CUSIP: 023135CR5<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    825000 | PA      | $844554.12    | 0.30%             | 2032-12-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CEY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5858437.50   | 2.08%             | 2025-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                         | Pacific Gas and Electric Co.                                                                    | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    145000 | PA      | $116992.36    | 0.04%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | FNMA, Series 2009-42, Class AP                                                                  | CUSIP: 31397NZ24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1148 | PA      | $1142.68      | 0.00%             | 2039-03-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CHL Mortgage Pass-Through Trust                                      | CHL Mortgage Pass-Through Trust, Series 2005-15, Class A7                                       | CUSIP: 12669GR37<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     38411 | PA      | $22596.99     | 0.01%             | 2035-08-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Bonds                                                                             | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9500000 | PA      | $7137617.14   | 2.53%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                           | Verus Securitization Trust, Series 2022-3, Class A1                                             | CUSIP: 92538UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    306213 | PA      | $293952.80    | 0.10%             | 2067-02-25      | Variable      | 4.13%                 | Yes           |                  2 | On Loan: No      |
| Targa Resources Partners LP                                          | Targa Resources Partners LP                                                                     | CUSIP: 87612BBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    505000 | PA      | $472086.42    | 0.17%             | 2031-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Golden Bear LLC                                                      | Golden Bear LLC, Series 2016-1A, Class A                                                        | CUSIP: 38081EAA9<br>LEI: 549300T04S4BVE82F105 | Long             | ABS-O            | CORP              | US        |    840460 | PA      | $747614.96    | 0.27%             | 2047-09-20      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Dryden 86 CLO Ltd.                                                   | Dryden 86 CLO Ltd., Series 2020-86A, Class A1R                                                  | CUSIP: 26245XAL1<br>LEI: 25490017VKY7XEFZL303 | Long             | ABS-CBDO         | CORP              | KY        |   1150000 | PA      | $1134686.60   | 0.40%             | 2034-07-17      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| BPCE SA                                                              | BPCE SA                                                                                         | CUSIP: 05578QAF0<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    750000 | PA      | $596373.02    | 0.21%             | 2032-10-19      | Variable      | 3.12%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                  | U.S. Treasury 10 Year Note                                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       104 | NC      | $158734.77    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Reese Park CLO Ltd.                                                  | Reese Park CLO Ltd., Series 2020-1A, Class AR                                                   | CUSIP: 758465BA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $394441.20    | 0.14%             | 2034-10-15      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO XXXIV                                                     | Apidos CLO XXXIV, Series 2020-34A, Class A1R                                                    | CUSIP: 03768WAL9<br>LEI: 5493001VH1Y9SEPJKZ47 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $740541.00    | 0.26%             | 2035-01-20      | Floating      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Corp.                                                    | Duke Energy Corp.                                                                               | CUSIP: 26441CBS3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    795000 | PA      | $783483.90    | 0.28%             | 2028-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                              | Hyundai Capital America                                                                         | CUSIP: 44891ABT3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    140000 | PA      | $118653.61    | 0.04%             | 2028-01-10      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| FCI Funding LLC                                                      | FCI Funding LLC, Series 2021-1A, Class A                                                        | CUSIP: 30260GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235370 | PA      | $231169.36    | 0.08%             | 2033-04-15      | Fixed         | 1.13%                 | Yes           |                  2 | On Loan: No      |
| NYMT Loan Trust                                                      | NYMT Loan Trust, Series 2022-CP1, Class M2                                                      | CUSIP: 62955VAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    465000 | PA      | $395716.53    | 0.14%             | 2061-07-25      | Fixed         | 3.51%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CGC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4900000 | PA      | $4955507.79   | 1.76%             | 2027-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| Apidos CLO XXII                                                      | Apidos CLO XXII, Series 2015-22A, Class A1R                                                     | CUSIP: 03765XAG1<br>LEI: 5493003SQW0Q40KVFQ19 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $991498.00    | 0.35%             | 2031-04-20      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                                   | Energy Transfer LP                                                                              | CUSIP: 29278NAN3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1015087.39   | 0.36%             | 2027-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Valero Energy Partners LP                                            | Valero Energy Partners LP                                                                       | CUSIP: 91914JAB8<br>LEI: 549300WH1375KZXLJ231 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79347.79     | 0.03%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CDN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4709179.70   | 1.67%             | 2024-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| WP Carey, Inc.                                                       | WP Carey, Inc.                                                                                  | CUSIP: 92936UAJ8<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1020239.65   | 0.36%             | 2032-02-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Cargill, Inc.                                                        | Cargill, Inc.                                                                                   | CUSIP: 141781BZ6<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1042561.99   | 0.37%             | 2032-10-11      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: —       |
| FHLMC Pool                                                           | UMBS                                                                                            | CUSIP: 3132DWCP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9108854 | PA      | $7988694.15   | 2.84%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Walmart, Inc.                                                        | Walmart, Inc.                                                                                   | CUSIP: 931142EY5<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001993.32   | 0.36%             | 2032-09-09      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| PPL Capital Funding, Inc.                                            | PPL Capital Funding, Inc.                                                                       | CUSIP: 69352PAQ6<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |     95000 | PA      | $91318.90     | 0.03%             | 2030-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                  | New Residential Mortgage Loan Trust, Series 2018-2A, Class A1                                   | CUSIP: 64828CAA7<br>LEI: 549300U1MV4J7YQZG974 | Long             | ABS-MBS          | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2058-02-25      | Variable      | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Walt Disney Co. (The)                                                | Walt Disney Co. (The)                                                                           | CUSIP: 254687FX9<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    800000 | PA      | $706055.67    | 0.25%             | 2031-01-13      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                                    | BAT Capital Corp.                                                                               | CUSIP: 05526DBW4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184872.69    | 0.07%             | 2032-03-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                     | Bank of Montreal                                                                                | CUSIP: 06368DH72<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1250000 | PA      | $1016420.71   | 0.36%             | 2037-01-10      | Variable      | 3.09%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                              | BPCE SA                                                                                         | CUSIP: 05578QAA1<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   1500000 | PA      | $1499150.28   | 0.53%             | 2023-10-22      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Indiana Michigan Power Co.                                           | Indiana Michigan Power Co.                                                                      | CUSIP: 454889AS5<br>LEI: JHR9V15J0ZRG02MIRD06 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1206985.36   | 0.43%             | 2028-05-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 9128286A3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3862500.00   | 1.37%             | 2026-01-31      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| HERO Funding Trust                                                   | HERO Funding Trust, Series 2015-1A, Class A                                                     | CUSIP: 42770LAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    471560 | PA      | $452232.59    | 0.16%             | 2040-09-21      | Fixed         | 3.84%                 | Yes           |                  2 | On Loan: No      |
| AREIT Trust                                                          | AREIT Trust, Series 2022-CRE6, Class A                                                          | CUSIP: 04002VAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |    562014 | PA      | $542212.83    | 0.19%             | 2037-01-16      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| GE HealthCare Technologies, Inc.                                     | GE HealthCare Technologies, Inc.                                                                | CUSIP: 36267VAG8<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1061255.65   | 0.38%             | 2030-03-15      | Fixed         | 5.86%                 | Yes           |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                  | New Residential Mortgage Loan Trust, Series 2019-1A, Class A1                                   | CUSIP: 64830CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         1 | PA      | $0.66         | 0.00%             | 2057-09-25      | Variable      | 3.92%                 | Yes           |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                   | United Airlines Pass-Through Trust, Series 2016-1, Class B                                      | CUSIP: 90933HAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.29         | 0.00%             | 2026-01-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Tricon American Homes Trust                                          | Tricon American Homes Trust, Series 2017-SFR2, Class A                                          | CUSIP: 89613FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.02         | 0.00%             | 2036-01-17      | Fixed         | 2.93%                 | Yes           |                  2 | On Loan: No      |
| State Street Corp.                                                   | State Street Corp.                                                                              | CUSIP: 857477CA9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    325000 | PA      | $326648.74    | 0.12%             | 2034-01-26      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                                    | Exxon Mobil Corp.                                                                               | CUSIP: 30231GBM3<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    725000 | PA      | $591178.71    | 0.21%             | 2051-04-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                | Bank of America Corp.                                                                           | CUSIP: 06051GHQ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    990000 | PA      | $936281.19    | 0.33%             | 2030-02-07      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                           | UMBS                                                                                            | CUSIP: 3132D56Z0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3669294 | PA      | $3253388.13   | 1.16%             | 2036-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Georgia Power Co.                                                    | Georgia Power Co.                                                                               | CUSIP: 373334KQ3<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1246277.31   | 0.44%             | 2032-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 38 Ltd.                           | Neuberger Berman Loan Advisers CLO 38 Ltd., Series 2020-38A, Class AR                           | CUSIP: 64133RAJ5<br>LEI: 549300SM4FYZ8US63U33 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $987695.00    | 0.35%             | 2035-10-20      | Floating      | 5.95%                 | Yes           |                  2 | On Loan: No      |
| AT&T, Inc.                                                           | AT&T, Inc.                                                                                      | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    174000 | PA      | $140691.60    | 0.05%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| CVS Pass-Through Trust                                               | CVS Pass-Through Trust                                                                          | CUSIP: 126650BS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    590443 | PA      | $638203.93    | 0.23%             | 2032-01-10      | Fixed         | 7.51%                 | Yes           |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                                       | Commonwealth Bank of Australia                                                                  | CUSIP: 202712BS3<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $862928.31    | 0.31%             | 2032-03-14      | Fixed         | 3.78%                 | Yes           |                  2 | On Loan: —       |
| Continental Resources, Inc.                                          | Continental Resources, Inc.                                                                     | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    350000 | PA      | $343649.57    | 0.12%             | 2031-01-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Black Hills Corp.                                                    | Black Hills Corp.                                                                               | CUSIP: 092113AR0<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    675000 | PA      | $593620.89    | 0.21%             | 2029-10-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Evergy, Inc.                                                         | Evergy, Inc.                                                                                    | CUSIP: 30034WAB2<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $907083.80    | 0.32%             | 2029-09-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: —       |
| Jersey Central Power & Light Co.                                     | Jersey Central Power & Light Co.                                                                | CUSIP: 476556DD4<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |    170000 | PA      | $143869.05    | 0.05%             | 2032-03-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                             | Angel Oak Mortgage Trust, Series 2020-1, Class A1                                               | CUSIP: 03464RAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    346294 | PA      | $328435.37    | 0.12%             | 2059-12-25      | Variable      | 2.47%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                  | U.S. Treasury Ultra Bond                                                                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        -3 | NC      | $-20233.76    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 3140QBJL3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1912029 | PA      | $1817032.38   | 0.65%             | 2049-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                         | Verizon Communications, Inc.                                                                    | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1237642.37   | 0.44%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                                             | UnitedHealth Group, Inc.                                                                        | CUSIP: 91324PES7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    375000 | PA      | $429374.89    | 0.15%             | 2053-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                   | Energy Transfer LP                                                                              | CUSIP: 29273RAR0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    250000 | PA      | $263706.76    | 0.09%             | 2042-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 32 Ltd.                           | Neuberger Berman Loan Advisers CLO 32 Ltd., Series 2019-32A, Class AR                           | CUSIP: 64132DAJ7<br>LEI: 5493007YBEOXQIHH3C54 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $495133.00    | 0.18%             | 2032-01-20      | Floating      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| Continental Resources, Inc.                                          | Continental Resources, Inc.                                                                     | CUSIP: 212015AS0<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    215000 | PA      | $204566.70    | 0.07%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Appalachian Power Co.                                                | Appalachian Power Co., Series Z                                                                 | CUSIP: 037735CY1<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |    190000 | PA      | $151792.99    | 0.05%             | 2050-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                   | T-Mobile USA, Inc.                                                                              | CUSIP: 87264ABN4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    810000 | PA      | $583167.03    | 0.21%             | 2051-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ITC Holdings Corp.                                                   | ITC Holdings Corp.                                                                              | CUSIP: 465685AR6<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |    440000 | PA      | $444672.57    | 0.16%             | 2027-09-22      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 3140Q9W74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    646709 | PA      | $634135.93    | 0.23%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                                        | Comcast Corp.                                                                                   | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1358000 | PA      | $926731.22    | 0.33%             | 2056-11-01      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| NGPL PipeCo LLC                                                      | NGPL PipeCo LLC                                                                                 | CUSIP: 62928CAA0<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |    650000 | PA      | $550056.28    | 0.20%             | 2031-07-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Bonds                                                                             | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $4853906.28   | 1.72%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BP Capital Markets America, Inc.                                     | BP Capital Markets America, Inc.                                                                | CUSIP: 10373QBP4<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    500000 | PA      | $358318.52    | 0.13%             | 2051-06-04      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Co.                                       | Southern California Edison Co.                                                                  | CUSIP: 842400HS5<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    400000 | PA      | $421047.91    | 0.15%             | 2027-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 3140JHAG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    999092 | PA      | $983145.67    | 0.35%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alternative Loan Trust                                               | Alternative Loan Trust, Series 2007-2CB, Class 2A14                                             | CUSIP: 02149HBE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    181582 | PA      | $100054.17    | 0.04%             | 2037-03-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Entergy Arkansas LLC                                                 | Entergy Arkansas LLC                                                                            | CUSIP: 29364DAV2<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2565589.89   | 0.91%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FMR LLC                                                              | FMR LLC                                                                                         | CUSIP: 30251BAD0<br>LEI: 6X064LF7Y6B4DKF2GZ26 | Long             | DBT              | CORP              | US        |    925000 | PA      | $879981.06    | 0.31%             | 2033-02-01      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| New York Life Global Funding                                         | New York Life Global Funding                                                                    | CUSIP: 64952WEZ2<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    750000 | PA      | $752115.71    | 0.27%             | 2033-01-28      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| Structured Asset Securities Corp. Mortgage Pass-Through Certificates | Structured Asset Securities Corp. Mortgage Pass-Through Certificates, Series 2004-6XS, Class A6 | CUSIP: 86359BJU6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         2 | PA      | $1.56         | 0.00%             | 2034-03-25      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Dryden 86 CLO Ltd.                                                   | Dryden 86 CLO Ltd., Series 2020-86A, Class BR                                                   | CUSIP: 26245XAQ0<br>LEI: 25490017VKY7XEFZL303 | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $826925.90    | 0.29%             | 2034-07-17      | Floating      | 6.49%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Bonds                                                                             | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1750000 | PA      | $1508007.81   | 0.54%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NYMT Loan Trust                                                      | NYMT Loan Trust, Series 2022-CP1, Class A2                                                      | CUSIP: 62955VAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    688000 | PA      | $592577.70    | 0.21%             | 2061-07-25      | Fixed         | 3.01%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 31418CFD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    864451 | PA      | $801833.99    | 0.28%             | 2047-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                           | Verus Securitization Trust, Series 2022-3, Class A2                                             | CUSIP: 92538UAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    407680 | PA      | $383740.38    | 0.14%             | 2067-02-25      | Variable      | 4.13%                 | Yes           |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                            | Vistra Operations Co. LLC                                                                       | CUSIP: 92840VAE2<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $924440.55    | 0.33%             | 2029-07-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 3138WJM96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     82738 | PA      | $76963.50     | 0.03%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Renew                                                                | Renew, Series 2018-1, Class A                                                                   | CUSIP: 75973FAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    900083 | PA      | $843745.94    | 0.30%             | 2053-09-20      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| Apple, Inc.                                                          | Apple, Inc.                                                                                     | CUSIP: 037833EP1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1541772.54   | 0.55%             | 2032-08-08      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                                  | U.S. Treasury 2 Year Note                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       100 | NC      | $80697.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aventura Mall Trust                                                  | Aventura Mall Trust, Series 2018-AVM, Class A                                                   | CUSIP: 05359AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    700000 | PA      | $658071.47    | 0.23%             | 2040-07-05      | Variable      | 4.11%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                  | U.S. Treasury Long Bond                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -52 | NC      | $-134070.09   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Pass-Through Trust                                   | United Airlines Pass-Through Trust, Series 2020-1, Class A                                      | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1282707 | PA      | $1297951.65   | 0.46%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                                 | Charter Communications Operating LLC                                                            | CUSIP: 161175BN3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $356110.95    | 0.13%             | 2048-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Ares LXIII CLO Ltd.                                                  | Ares LXIII CLO Ltd., Series 2022-63A, Class A1A                                                 | CUSIP: 039937AA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $984017.00    | 0.35%             | 2035-04-20      | Floating      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 3140Q9N25<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1478695 | PA      | $1488308.41   | 0.53%             | 2048-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank (The)                                       | Huntington National Bank (The)                                                                  | CUSIP: 44644MAJ0<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1040475.10   | 0.37%             | 2030-01-10      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CFN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5986406.28   | 2.13%             | 2024-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bacardi Ltd.                                                         | Bacardi Ltd.                                                                                    | CUSIP: 067316AH2<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |    460000 | PA      | $454631.45    | 0.16%             | 2048-05-15      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                               | Sequoia Mortgage Trust, Series 2017-CH1, Class A2                                               | CUSIP: 81746HAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     31532 | PA      | $29335.76     | 0.01%             | 2047-08-25      | Variable      | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Var Energi ASA                                                       | Var Energi ASA                                                                                  | CUSIP: 92212WAA8<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   1417245 | PA      | $1359625.63   | 0.48%             | 2027-05-18      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Southern Co. Gas Capital Corp.                                       | Southern Co. Gas Capital Corp.                                                                  | CUSIP: 001192AL7<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1077441.70   | 0.38%             | 2025-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                                                | Westpac Banking Corp.                                                                           | CUSIP: 961214EX7<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1250000 | PA      | $976475.00    | 0.35%             | 2036-11-18      | Variable      | 3.02%                 | No            |                  2 | On Loan: No      |
| Intel Corp.                                                          | Intel Corp.                                                                                     | CUSIP: 458140CA6<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    415000 | PA      | $396422.06    | 0.14%             | 2032-08-05      | Fixed         | 4.15%                 | No            |                  2 | On Loan: —       |
| Park Place Securities, Inc. Asset-Backed Pass-Through Certificates   | Park Place Securities, Inc. Asset-Backed Pass-Through Certificates, Series 2005-WCH1, Class M4  | CUSIP: 70069FFL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    308170 | PA      | $301845.79    | 0.11%             | 2036-01-25      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 31418D7D8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1434612 | PA      | $1146755.49   | 0.41%             | 2051-12-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BXP Trust                                                            | BXP Trust, Series 2017-GM, Class B                                                              | CUSIP: 056083AG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300000 | PA      | $1156041.64   | 0.41%             | 2039-06-13      | Variable      | 3.42%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $940937.50    | 0.33%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                     | Boeing Co. (The)                                                                                | CUSIP: 097023CN3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1082879.09   | 0.38%             | 2030-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 3140X46N1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    403871 | PA      | $388332.36    | 0.14%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| American Home Mortgage Investment Trust                              | American Home Mortgage Investment Trust, Series 2004-3, Class 6A1                               | CUSIP: 02660TBQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3149 | PA      | $3068.44      | 0.00%             | 2034-10-25      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| N/A                                                                  | U.S. Treasury 5 Year Note                                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |        84 | NC      | $40579.69     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Pass-Through Trust                                   | United Airlines Pass-Through Trust, Series 2019-2, Class B                                      | CUSIP: 90932KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2028-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 3140MA5E0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4823190 | PA      | $4384739.81   | 1.56%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NYMT Loan Trust                                                      | NYMT Loan Trust, Series 2022-CP1, Class M1                                                      | CUSIP: 62955VAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    688000 | PA      | $592229.16    | 0.21%             | 2061-07-25      | Fixed         | 3.21%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 31418EJ43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4937785 | PA      | $4631361.14   | 1.64%             | 2052-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sun Communities Operating LP                                         | Sun Communities Operating LP                                                                    | CUSIP: 866677AF4<br>LEI: 549300PUNBPJCGT6X741 | Long             | DBT              | CORP              | US        |   1131000 | PA      | $974696.15    | 0.35%             | 2028-11-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 3140EUFW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    721840 | PA      | $711383.05    | 0.25%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                                           | Warnermedia Holdings, Inc.                                                                      | CUSIP: 55903VAL7<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    500000 | PA      | $444977.42    | 0.16%             | 2032-03-15      | Fixed         | 4.28%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                 | JPMorgan Chase & Co.                                                                            | CUSIP: 46647PDH6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    375000 | PA      | $373626.56    | 0.13%             | 2033-07-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | FNMA, Series 2003-33, Class LB                                                                  | CUSIP: 31393BJE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3648 | PA      | $3630.61      | 0.00%             | 2023-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| British Airways Pass-Through Trust                                   | British Airways Pass-Through Trust, Series 2021-1, Class A                                      | CUSIP: 11042CAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.02         | 0.00%             | 2035-03-15      | Fixed         | 2.90%                 | Yes           |                  2 | On Loan: No      |
| Goodgreen                                                            | Goodgreen, Series 2019-2A, Class A                                                              | CUSIP: 38218EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    978303 | PA      | $860634.68    | 0.31%             | 2055-04-15      | Fixed         | 2.76%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                       | Morgan Stanley                                                                                  | CUSIP: 61747YES0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    600000 | PA      | $581891.97    | 0.21%             | 2037-04-20      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                     | Boeing Co. (The)                                                                                | CUSIP: 097023CP8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    500000 | PA      | $405337.52    | 0.14%             | 2035-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Magnetite XXXII Ltd.                                                 | Magnetite XXXII Ltd., Series 2022-32A, Class A                                                  | CUSIP: 55953WAA8<br>LEI: 549300QUG3I8PF6T6C52 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $493962.50    | 0.18%             | 2035-04-15      | Floating      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| HERO Funding Trust                                                   | HERO Funding Trust, Series 2015-2A, Class A                                                     | CUSIP: 42770UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    109165 | PA      | $105168.88    | 0.04%             | 2040-09-20      | Fixed         | 3.99%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 31418ECP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10628289 | PA      | $8937003.50   | 3.17%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CSL Finance plc                                                      | CSL Finance plc                                                                                 | CUSIP: 12661PAC3<br>LEI: 2549007CCNBNAF4HBC02 | Long             | DBT              | CORP              | GB        |   1600000 | PA      | $1561494.05   | 0.55%             | 2032-04-27      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| BAT Capital Corp.                                                    | BAT Capital Corp.                                                                               | CUSIP: 05526DBH7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   1010000 | PA      | $893073.70    | 0.32%             | 2029-09-06      | Fixed         | 3.46%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                                           | AT&T, Inc.                                                                                      | CUSIP: 00206RKA9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $880885.66    | 0.31%             | 2051-06-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                 | JPMorgan Chase & Co.                                                                            | CUSIP: 46647PBV7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    650000 | PA      | $466000.81    | 0.17%             | 2041-11-19      | Variable      | 2.53%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital, Inc.                                                | Ashtead Capital, Inc.                                                                           | CUSIP: 045054AJ2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1504639.78   | 0.53%             | 2028-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Appalachian Power Co.                                                | Appalachian Power Co., Series BB                                                                | CUSIP: 037735DA2<br>LEI: 3SCHO1ABYYIG382BEI70 | Long             | DBT              | CORP              | US        |    555000 | PA      | $539727.48    | 0.19%             | 2032-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                              | Hyundai Capital America                                                                         | CUSIP: 44891ABL0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    460000 | PA      | $483477.79    | 0.17%             | 2030-04-08      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: —       |
| Nuveen Finance LLC                                                   | Nuveen Finance LLC                                                                              | CUSIP: 87246YAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1555000 | PA      | $1519142.56   | 0.54%             | 2024-11-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Continental Resources, Inc.                                          | Continental Resources, Inc.                                                                     | CUSIP: 212015AV3<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    836000 | PA      | $656855.22    | 0.23%             | 2032-04-01      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 912828X88<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1897031.24   | 0.67%             | 2027-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Invesco CLO Ltd.                                                     | Invesco CLO Ltd., Series 2021-2A, Class A                                                       | CUSIP: 46149MAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $985768.00    | 0.35%             | 2034-07-15      | Floating      | 5.91%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                           | UMBS                                                                                            | CUSIP: 3132D6DG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1566743 | PA      | $1527650.92   | 0.54%             | 2038-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Broad River Bsl Funding CLO Ltd.                                     | Broad River Bsl Funding CLO Ltd., Series 2020-1A, Class AR                                      | CUSIP: 11124TAJ3<br>LEI: 5493000KEEYM16WOW109 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $980662.00    | 0.35%             | 2034-07-20      | Floating      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| Moody's Corp.                                                        | Moody's Corp.                                                                                   | CUSIP: 615369AZ8<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |    335000 | PA      | $325188.68    | 0.12%             | 2032-08-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Cytec Industries, Inc.                                               | Cytec Industries, Inc.                                                                          | CUSIP: 232820AK6<br>LEI: 549300CC16G1Y2NHCH33 | Long             | DBT              | CORP              | US        |    600000 | PA      | $583053.17    | 0.21%             | 2025-05-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Air Canada Pass-Through Trust                                        | Air Canada Pass-Through Trust, Series 2015-1, Class B                                           | CUSIP: 009090AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   1881670 | PA      | $1875062.80   | 0.67%             | 2023-03-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| NRZ Advance Receivables Trust                                        | NRZ Advance Receivables Trust, Series 2020-T2, Class BT2                                        | CUSIP: 62942QCX9<br>LEI: 549300RNWDDBV4LFKJ17 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $192949.32    | 0.07%             | 2053-09-15      | Fixed         | 1.72%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Bonds                                                                             | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3500000 | PA      | $3247343.75   | 1.15%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Edison Co.                                              | Metropolitan Edison Co.                                                                         | CUSIP: 591894CC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $964351.64    | 0.34%             | 2029-01-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Bonds                                                                             | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2100000 | PA      | $1603464.85   | 0.57%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CVS Pass-Through Trust                                               | CVS Pass-Through Trust                                                                          | CUSIP: 126650BQ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1227163 | PA      | $1271921.64   | 0.45%             | 2030-01-10      | Fixed         | 6.94%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                             | PNC Financial Services Group, Inc. (The)                                                        | CUSIP: 693475BM6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    490000 | PA      | $494261.49    | 0.18%             | 2034-01-24      | Variable      | 5.07%                 | No            |                  2 | On Loan: No      |
| Invesco CLO Ltd.                                                     | Invesco CLO Ltd., Series 2021-1A, Class A1                                                      | CUSIP: 46090XAA9<br>LEI: 25490016C8NV86EY2059 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $391851.60    | 0.14%             | 2034-04-15      | Floating      | 5.79%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 91282CFX4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $4013281.24   | 1.43%             | 2024-11-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 31418EHJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7369629 | PA      | $7116959.18   | 2.53%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 31418DVC3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    981999 | PA      | $869680.76    | 0.31%             | 2050-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 3140F5AD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    106664 | PA      | $98943.40     | 0.04%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Waste Connections, Inc.                                              | Waste Connections, Inc.                                                                         | CUSIP: 94106BAF8<br>LEI: 549300HDLRTPBQU69P29 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $971447.47    | 0.35%             | 2033-01-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 912828ZN3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1752968.76   | 0.62%             | 2027-04-30      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Magnetite XXVIII Ltd.                                                | Magnetite XXVIII Ltd., Series 2020-28A, Class AR                                                | CUSIP: 55955LAJ1<br>LEI: 54930077HHZ1QV5CPQ30 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $984483.00    | 0.35%             | 2035-01-20      | Floating      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                             | U.S. Treasury Notes                                                                             | CUSIP: 912828V98<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $946445.31    | 0.34%             | 2027-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                         | UBS Group AG                                                                                    | CUSIP: 902613AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2000000 | PA      | $1966090.76   | 0.70%             | 2028-05-12      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: No      |
| MASTR Alternative Loan Trust                                         | MASTR Alternative Loan Trust, Series 2005-6, Class 1A5                                          | CUSIP: 576434V92<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125408 | PA      | $90075.33     | 0.03%             | 2035-12-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RR 1 LLC                                                             | RR 1 LLC, Series 2017-1A, Class A1AB                                                            | CUSIP: 78108YAL6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $987896.00    | 0.35%             | 2035-07-15      | Floating      | 5.94%                 | Yes           |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                                 | BBCMS Mortgage Trust, Series 2016-ETC, Class C                                                  | CUSIP: 05491LAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6300000 | PA      | $5294749.32   | 1.88%             | 2036-08-14      | Fixed         | 3.39%                 | Yes           |                  2 | On Loan: No      |
| Northern California Power Agency                                     | Northern California Power Agency                                                                | CUSIP: 664845DQ4<br>LEI: 549300QYTU4PHD2XHS96 | Long             | DBT              | MUN               | US        |    500000 | PA      | $604214.30    | 0.21%             | 2040-06-01      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust, Inc.                                  | Citigroup Mortgage Loan Trust, Inc., Series 2018-RP1, Class A1                                  | CUSIP: 17326QAA1<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |    169847 | PA      | $162025.22    | 0.06%             | 2064-09-25      | Variable      | 3.00%                 | Yes           |                  2 | On Loan: No      |
| Merck & Co., Inc.                                                    | Merck & Co., Inc.                                                                               | CUSIP: 806605AH4<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |    550000 | PA      | $660500.25    | 0.23%             | 2037-09-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                 | UMBS                                                                                            | CUSIP: 31418EHK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4862751 | PA      | $4802879.70   | 1.71%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

**Name of Applicant:** Nationwide Mutual Funds

**Signature:** David Majewski

**Name of Signer:** David Majewski

**Title:** Treasurer