# EDGAR Filing Document

**Accession Number:** 0000832808
**File Stem:** 0001752724-23-047088
**Filing Date:** 2023-2
**Character Count:** 195648
**Document Hash:** 68bac29b1f241c59e72e4ac405b3b73f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-047088.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-047088

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BERNSTEIN SANFORD C FUND INC
- **CENTRAL INDEX KEY:** 0000832808
- **IRS NUMBER:** 133464161
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05555
- **FILM NUMBER:** 23683857

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10153

## Series and Classes Contracts Data

### Tax-Aware Overlay C Portfolio (Series ID: S000027651)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000083502 | Class 2      | SCTTX           |
| C000083503 | Class 1      | SCTOX           |

## Nport-Ex

**Sanford C. Bernstein Fund, Inc.** 

**Schedule of Investments** 

**Tax-Aware Overlay C Portfolio** 

**December 31, 2022 (unaudited)** 

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **MUNICIPAL OBLIGATIONS – 74.9%** | **MUNICIPAL OBLIGATIONS – 74.9%** | **MUNICIPAL OBLIGATIONS – 74.9%** |
|  **Long-Term Municipal Bonds – 74.9%** | **Long-Term Municipal Bonds – 74.9%** | **Long-Term Municipal Bonds – 74.9%** |
|  **American Samoa – 0.1%** | **American Samoa – 0.1%** | **American Samoa – 0.1%** |
|  American Samoa Economic Development Authority<br> (Territory of American Samoa)<br>Series 2018<br>6.50%, 09/01/2028<sup>(a)</sup> | $235 | $252657 |
|  **California – 62.0%** | **California – 62.0%** | **California – 62.0%** |
|  Anaheim Housing & Public Improvements Authority<br> (City of Anaheim CA Electric System Revenue)<br>Series 2020<br>2.792%, 10/01/2032 | 1150 | 946456 |
|  Antelope Valley-East Kern Water Agency<br>Series 2016<br>5.00%, 06/01/2023 | 1000 | 1008270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2025 | 1000 | 1053435 |
|  Bay Area Toll Authority<br>Series 2021<br>3.96% (MUNIPSA + 0.30%),<br>04/01/2056<sup>(b)</sup> | 2000 | 1943893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.07% (MUNIPSA + 0.41%),<br>04/01/2056<sup>(b)</sup> | 2000 | 1939578 |
|  California Community Choice Financing Authority<br>5.00%, 12/01/2053<sup>(c)</sup> | 2130 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2219672 |
|  California Community Choice Financing Authority<br> (Goldman Sachs Group Inc/The)<br>Series 2021<br>4.00%, 10/01/2052 | 1000 | 1003767 |
|  California Community Housing Agency<br> (California Community Housing Agency Brio Apartments & Next on Lex Apartments)<br>Series 2021-A<br>4.00%, 08/01/2047<sup>(a)</sup> | 1265 | 941918 |
|  California Community Housing Agency<br> (California Community Housing Agency Fountains at Emerald Park)<br>Series 2021<br>4.00%, 08/01/2046<sup>(a)</sup> | 500 | 393225 |
|  California Community Housing Agency<br> (California Community Housing Agency Summit at Sausalito Apartments)<br>Series 2021<br>4.00%, 02/01/2050<sup>(a)</sup> | 1000 | 742469 |
|  California Educational Facilities Authority<br> (University of the Pacific)<br>Series 2015<br>5.00%, 11/01/2027 | 2000 | 2117993 |
|  California Enterprise Development Authority<br> (Rocketship Education Obligated Group)<br>Series 2022<br>4.00%, 06/01/2031<sup>(a)</sup> | 540 | 489764 |
|  California Health Facilities Financing Authority<br> (CommonSpirit Health)<br>Series 2020-A<br>4.00%, 04/01/2035 | 1850 | 1845393 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  California Health Facilities Financing Authority<br> (Sutter Health Obligated Group)<br>Series 2018-A<br>5.00%, 11/15/2030 | $— | 900 | $983482 |
|  California Housing Finance Agency |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-2, Class A<br>4.00%, 03/20/2033 |  | 2119 | 2045846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class A<br>3.50%, 11/20/2035 |  | 2582 | 2335511 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2, Class X<br>0.823%, 03/25/2035<sup>(d)</sup> |  | 985 | 53340 |
|  California Infrastructure & Economic Development Bank<br>Series 2022<br>0.85%, 01/01/2050 (Pre-refunded/ETM)<sup>(a)</sup> |  | 2500 | 2495177 |
|  California Infrastructure & Economic Development Bank<br> (California Academy of Sciences)<br>Series 2021<br>4.01% (MUNIPSA + 0.35%),<br>08/01/2047<sup>(b)</sup> |  | 2000 | 1972245 |
|  California Municipal Finance Authority<br> (Anaheim Electric Utility Fund) Series 2015-B<br>5.00%, 10/01/2026 |  | 1000 | 1064316 |
|  California Municipal Finance Authority<br> (California Municipal Finance Authority State Lease)<br>Series 2017-A<br>5.00%, 06/01/2029 |  | 2320 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2533329 |
|  California Municipal Finance Authority<br> (LAX Integrated Express Solutions LLC)<br>Series 2018<br>5.00%, 06/30/2028 |  | 1325 | 1392097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/31/2028 |  | 1700 | 1785945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/30/2029 |  | 2000 | 2095685 |
|  California Municipal Finance Authority<br> (United Airlines, Inc.)<br>Series 2019<br>4.00%, 07/15/2029 |  | 2140 | 2083548 |
|  California Pollution Control Financing Authority<br> (San Diego County Water Authority Desalination Project Pipeline)<br>Series 2019<br>5.00%, 07/01/2029<sup>(a)</sup> |  | 450 | 458577 |
|  California Public Finance Authority<br> (California University of Science & Medicine Obligated Group)<br>Series 2019<br>6.25%, 07/01/2054<sup>(a)</sup> |  | 1000 | 1060585 |
|  California School Finance Authority<br> (Classical Academy Obligated Group)<br>Series 2022<br>5.00%, 10/01/2042<sup>(a)</sup> |  | 1000 | 1021525 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  California School Finance Authority<br> (Fenton Charter Public Schools)<br>Series 2020-A<br>4.00%, 07/01/2030<sup>(a)</sup> | $— | 600 | $557202 |
|  California School Finance Authority<br> (Rocketship Education Obligated Group)<br>Series 2015-A<br>4.25%, 03/01/2028<sup>(a)</sup> |  | 545 | 530204 |
|  California State Public Works Board<br> (California State Public Works Board Lease) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-A<br>5.00%, 09/01/2030 |  | 4375 | 4542880 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A<br>5.00%, 08/01/2023 |  | 4715 | 4774187 |
|  California State University |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-A<br>5.00%, 11/01/2025 |  | 1000 | 1068532 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-A<br>5.00%, 11/01/2025 |  | 2160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2308030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2030 |  | 1000 | 1100191 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-D<br>1.49%, 11/01/2028 |  | 400 | 329673 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-B<br>2.274%, 11/01/2034 |  | 2000 | 1495075 |
|  California Statewide Communities Development Authority<br>Series 2015<br>5.00%, 08/15/2028 (Pre-refunded/ETM) |  | 2200 | 2362311 |
|  California Statewide Communities Development Authority<br> (Lancer Educational Housing LLC)<br>Series 2019<br>5.00%, 06/01/2034<sup>(a)</sup> |  | 375 | 366383 |
|  California Statewide Communities Development Authority<br> (Loma Linda University Medical Center) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-A<br>5.00%, 12/01/2041<sup>(a)</sup> |  | 1000 | 970014 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>5.00%, 12/01/2028<sup>(a)</sup> |  | 500 | 518038 |
|  California Statewide Communities Development Authority<br> (Methodist Hospital of Southern California Obligated Group)<br>Series 2018<br>5.00%, 01/01/2028 |  | 2915 | 3105059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2029 |  | 2790 | 2962301 |
|  California Statewide Communities Development Authority<br> (NCCD-Hooper Street LLC)<br>Series 2019<br>5.00%, 07/01/2024<sup>(a)</sup> |  | 120 | 119744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2029<sup>(a)</sup> |  | 215 | 208058 |
|  City & County of San Francisco CA<br> (City & County of San Francisco CA COP)<br>Series 2015-R<br>5.00%, 09/01/2025 |  | 4175 | 4242729 |

---

------

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  City of Los Angeles Department of Airports<br>5.00%, 05/15/2026 | $— | 1795 | $1890165 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-A<br>5.00%, 05/15/2030 |  | 3585 | 3777581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/2031 |  | 1275 | 1341482 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018<br>5.00%, 05/15/2023 |  | 4670 | 4696567 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-D<br>5.00%, 05/15/2026 |  | 2890 | 3035472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019<br>5.00%, 05/15/2031 |  | 485 | 520605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br>5.00%, 05/15/2033 |  | 1000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1140696 |
|  City of Roseville CA<br> (Fiddyment Ranch Community Facilities District No.1)<br>Series 2017<br>5.00%, 09/01/2031 |  | 1000 | 1054863 |
|  City of Roseville CA<br> (HP Campus Oaks Community Facilities District No.1)<br>Series 2016<br>5.00%, 09/01/2031 |  | 305 | 318482 |
|  City of San Jose CA Airport Revenue<br> (Norman Y Mineta San Jose International Airport SJC) |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-A<br>5.00%, 03/01/2024 |  | 1955 | 1987662 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-B<br>5.00%, 03/01/2026 |  | 2360 | 2423832 |
|  CMFA Special Finance Agency VII<br> (CMFA Special Finance Agency VII The Breakwater Apartments)<br>Series 2021<br>4.00%, 08/01/2047<sup>(a)</sup> |  | 1000 | 745637 |
|  CMFA Special Finance Agency VIII Elan Huntington Beach<br>Series 2021<br>4.00%, 08/01/2047<sup>(a)</sup> |  | 290 | 222384 |
|  Coronado Community Development Agency Successor Agency<br>Series 2018-A<br>5.00%, 09/01/2033 |  | 2520 | 2657487 |
|  County of Los Angeles CA Community Facilities District No 2021-0<br>Series 2022<br>5.00%, 09/01/2042 |  | 1800 | 1827329 |
|  County of Monterey CA<br> (County of Monterey CA COP)<br>Series 2017<br>5.00%, 10/01/2029 |  | 4870 | 5371609 |
|  County of Sacramento CA Airport System Revenue<br>Series 2018-E<br>5.00%, 07/01/2032 |  | 1280 | 1409546 |

---

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  County of San Diego CA<br> (County of San Diego CA COP)<br>Series 2014-A<br>5.00%, 10/15/2027 | $1250 | $1303875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/15/2028 | 1300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1355567 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority 1818 Platinum Triangle-Anaheim)<br>Series 2021<br>3.35%, 04/01/2047<sup>(a)</sup> | 1000 | 769623 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority 777 Place-Pomona)<br>Series 2021<br>3.60%, 05/01/2047<sup>(a)</sup> | 1250 | 980011 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Acacia on Santa Rosa Creek)<br>Series 2021<br>4.00%, 10/01/2046<sup>(a)</sup> | 1000 | 757302 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Altana Apartments)<br>Series 2021<br>3.50%, 10/01/2046<sup>(a)</sup> | 1000 | 724947 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Jefferson Platinum Triangle Apartments)<br>Series 2021-A1<br>2.875%, 08/01/2041<sup>(a)</sup> | 955 | 791820 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Millennium South Bay-Hawthorne)<br>Series 2021<br>3.375%, 07/01/2043<sup>(a)</sup> | 1000 | 782276 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Pasadena Portfolio)<br>Series 2021<br>2.65%, 12/01/2046<sup>(a)</sup> | 995 | 740246 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Theo Apartments)<br>Series 2021<br>3.50%, 05/01/2047<sup>(a)</sup> | 1000 | 807137 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Union South Bay)<br>Series 2021-A<br>3.10%, 07/01/2045<sup>(a)</sup> | 1000 | 749131 |
|  CSCDA Community Improvement Authority<br> (CSCDA Community Improvement Authority Vineyard Gardens Apartments)<br>Series 2021<br>4.00%, 10/01/2048<sup>(a)</sup> | 1000 | 696114 |
|  Fremont Community Facilities District No. 1<br>Series 2015<br>5.00%, 09/01/2028 | 1505 | 1565848 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Golden State Tobacco Securitization Corp.<br>Series 2021<br>1.85%, 06/01/2031 | $235 | $231700 |
|  Golden State Tobacco Securitization Corp.<br> (Golden State Tobacco Securitization Corp. Lease)<br>Series 2021<br>1.40%, 06/01/2025 | 1000 | 916641 |
|  Irvine Unified School District<br>Series 2017-A<br>5.00%, 09/01/2023 | 925 | 933156 |
|  Los Angeles Department of Water & Power<br>Series 2018-A<br>5.00%, 07/01/2028 | 1660 | 1856570 |
|  Los Angeles Department of Water & Power Power System Revenue<br>Series 2020-B<br>5.00%, 07/01/2028 | 365 | 412267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2029 | 455 | 523658 |
|  Los Angeles Unified School District/CA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-C<br>5.00%, 07/01/2027 | 6815 | 7038000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R<br>5.00%, 07/01/2023 | 2725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2753350 |
|  Metropolitan Water District of Southern California<br>Series 2021-D<br>3.80% (MUNIPSA + 0.14%),<br>07/01/2037<sup>(b)</sup> | 1000 | 993369 |
|  Middle Fork Project Finance Authority<br>Series 2020<br>5.00%, 04/01/2033 | 450 | 487122 |
|  Newport Mesa Unified School District<br>Series 2020<br>5.00%, 08/01/2024 | 510 | 528022 |
|  Oakland Unified School District/Alameda County<br>Series 2015-A<br>5.00%, 08/01/2025 | 1310 | 1384088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/2026 | 1025 | 1083673 |
|  Peralta Community College District<br>Series 2014-A<br>5.00%, 08/01/2027 | 5855 | 6047224 |
|  Regents of the University of California Medical<br> Center Pooled Revenue<br>Series 2022<br>5.00%, 05/15/2039 | 3000 | 3337259 |
|  River Islands Public Financing Authority<br> (River Islands Public Financing Authority Community Facilities District No 2003-1)<br>Series 2022<br>4.50%, 09/01/2037 | 1000 | 969509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2042 | 1000 | 1002147 |
|  Riverside County Redevelopment Successor Agency<br>AGM Series 2017-B<br>5.00%, 10/01/2029 | 1900 | 2075326 |
|  Romoland School District<br>Series 2015<br>5.00%, 09/01/2023 | 300 | 302586 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Sacramento County Sanitation Districts Financing Authority<br>Series 2014-A<br>5.00%, 12/01/2029 | $2000 | $2068449 |
|  Sacramento County Water Financing Authority<br> (Sacramento County Water Agency)<br>NATL Series 2007-B<br>3.76% (LIBOR 3 Month + 0.57%),<br>06/01/2039<sup>(b)</sup> | 1450 | 1264352 |
|  San Diego Association of Governments<br> (State of California DOT Fed Hwy Grant)<br>Series 2019<br>1.80%, 11/15/2027 | 1500 | 1390543 |
|  San Diego County Water Authority<br>Series 2021-A<br>5.00%, 05/01/2023 | 780 | 785564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/2024 | 500 | 515554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/2025 | 1000 | 1057054 |
|  San Francisco Intl Airport<br>Series 2016-S<br>5.00%, 05/01/2025 | 1050 | 1105034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/2026 | 1680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1806904 |
|  Saugus/Hart School Facilities Financing Authority<br> (Saugus Union School District Community Facilities District No. 06-01)<br>Series 2016<br>5.00%, 09/01/2027 | 750 | 781266 |
|  State of California |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013-B<br>5.00%, 09/01/2023 | 5635 | 5712320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015<br>5.00%, 03/01/2024 | 2135 | 2189041 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-B<br>5.00%, 09/01/2023 | 5700 | 5778212 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br>5.00%, 11/01/2023 | 4900 | 4987220 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021<br>5.00%, 09/01/2023 | 2000 | 2027443 |
|  Stockton Redevelopment Agency Successor Agency<br>AGM Series 2016-A<br>5.00%, 09/01/2025 | 1900 | 1997602 |
|  Tobacco Securitization Authority of Southern California<br>Series 2019<br>5.00%, 06/01/2030 | 960 | 1019126 |
|  University of California<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013-A<br>5.00%, 05/15/2048 | 6000 | 6044851 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>4.00%, 05/15/2024 | 2120 | 2157837 |
|  Walnut Energy Center Authority<br>Series 2014<br>5.00%, 01/01/2026 | 1000 | 1032129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2028 | 1800 | 1854899 |
|  |  | 196484015 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Colorado – 0.3%** | **Colorado – 0.3%** | **Colorado – 0.3%** |
|  City & County of Denver CO<br> (United Airlines, Inc.)<br>Series 2017<br>5.00%, 10/01/2032 | $1000 | $983286 |
|  Vauxmont Metropolitan District<br>AGM Series 2020<br>5.00%, 12/01/2050 | 100 | 102216 |
|  |  | 1085502 |
|  **Connecticut – 0.4%** | **Connecticut – 0.4%** | **Connecticut – 0.4%** |
|  State of Connecticut<br>Series 2015-B<br>5.00%, 06/15/2030 | 1250 | 1316215 |
|  **Florida – 0.1%** | **Florida – 0.1%** | **Florida – 0.1%** |
|  Capital Trust Agency, Inc.<br> (Franklin Academy Obligated Group)<br>Series 2020<br>5.00%, 12/15/2026<sup>(a)</sup> | 100 | 101256 |
|  County of Osceola FL Transportation Revenue<br>Series 2020-A<br>Zero Coupon, 10/01/2031 | 100 | 65490 |
|  |  | 166746 |
|  **Guam – 1.5%** | **Guam – 1.5%** | **Guam – 1.5%** |
|  Antonio B Won Pat International Airport Authority<br>Series 2021-A<br>2.899%, 10/01/2027 | 200 | 176715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.489%, 10/01/2031 | 120 | 98731 |
|  Guam Power Authority<br>Series 2022-A<br>5.00%, 10/01/2028 | 1000 | 1066368 |
|  Territory of Guam<br>Series 2019<br>5.00%, 11/15/2031 | 85 | 89467 |
|  Territory of Guam<br> (Guam Section 30 Income Tax)<br>Series 2016-A<br>5.00%, 12/01/2029 | 140 | 145254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2030 | 225 | 233232 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2032 | 205 | 211563 |
|  Territory of Guam<br> (Territory of Guam Business Privilege Tax)<br>Series 2015-D<br>5.00%, 11/15/2023 | 420 | 423264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/2025 | 350 | 360521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/2031 | 840 | 861245 |
|  Territory of Guam<br> (Territory of Guam Hotel Occupancy Tax)<br>Series 2021-A<br>5.00%, 11/01/2040 | 1000 | 1017950 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4684310 |
|  **Illinois – 2.9%** | **Illinois – 2.9%** | **Illinois – 2.9%** |
|  Chicago Board of Education<br>Series 2017-F<br>5.00%, 12/01/2024 | 2000 | 2036692 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Illinois Finance Authority<br> (Illinois Institute of Technology)<br>Series 2019<br>5.00%, 09/01/2023 | $| 100 | $| 100479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2029 |  | 100 |  | 103710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2033 |  | 100 |  | 102250 |
|  Metropolitan Pier & Exposition Authority<br>Series 2017-B<br>5.00%, 12/15/2030 |  | 1400 |  | 1440082 |
|  State of Illinois |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014<br>5.00%, 05/01/2025 |  | 2165 |  | 2192828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-D<br>5.00%, 11/01/2024 |  | 3190 |  | 3250500 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9226541 |
|  **Kentucky – 0.1%** | **Kentucky – 0.1%** | **Kentucky – 0.1%** | **Kentucky – 0.1%** | **Kentucky – 0.1%** |
|  City of Ashland KY<br> (Ashland Hospital Corp. Obligated Group)<br>Series 2019<br>5.00%, 02/01/2027 |  | 140 |  | 147382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/2031 |  | 100 |  | 106152 |
|  |  |  |  | 253534 |
|  **Louisiana – 0.1%** | **Louisiana – 0.1%** | **Louisiana – 0.1%** | **Louisiana – 0.1%** | **Louisiana – 0.1%** |
|  Parish of St. James LA<br> (NuStar Logistics LP)<br>Series 2020<br>6.10%, 06/01/2038<sup>(a)</sup> |  | 110 |  | 116780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 12/01/2040<sup>(a)</sup> |  | 100 |  | 106163 |
|  |  |  |  | 222943 |
|  **Michigan – 2.6%** | **Michigan – 2.6%** | **Michigan – 2.6%** | **Michigan – 2.6%** | **Michigan – 2.6%** |
|  City of Detroit MI<br>Series 2018<br>5.00%, 04/01/2029 |  | 2000 |  | 2066096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/2030 |  | 600 |  | 618200 |
|  Michigan Finance Authority<br> (Public Lighting Authority)<br>Series 2014-B<br>5.00%, 07/01/2025 |  | 2175 |  | 2199694 |
|  Michigan Strategic Fund<br> (Michigan Strategic Fund - I 75 Improvement Project)<br>Series 2018<br>5.00%, 06/30/2030 |  | 3325 |  | 3445609 |
|  |  |  |  | 8329599 |
|  **Missouri – 0.0%** | **Missouri – 0.0%** | **Missouri – 0.0%** | **Missouri – 0.0%** | **Missouri – 0.0%** |
|  Howard Bend Levee District<br>XLCA Series 2005<br>5.75%, 03/01/2027 |  | 100 |  | 101855 |
|  **Nevada – 0.1%** | **Nevada – 0.1%** | **Nevada – 0.1%** | **Nevada – 0.1%** | **Nevada – 0.1%** |
|  City of Sparks NV<br> (City of Sparks NV Sales Tax)<br>Series 2019-A<br>2.75%, 06/15/2028<sup>(a)</sup> |  | 420 |  | 374858 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **New Jersey – 0.7%** | **New Jersey – 0.7%** | **New Jersey – 0.7%** |
|  New Jersey Transportation Trust Fund Authority<br> (New Jersey Transportation Trust Fund Authority State Lease)<br>Series 2018-A<br>5.00%, 12/15/2029 | $2000 | $2172805 |
|  **New York – 0.1%** | **New York – 0.1%** | **New York – 0.1%** |
|  New York Transportation Development Corp.<br> (Delta Air Lines, Inc.)<br>Series 2018<br>4.00%, 01/01/2036 | 210 | 192888 |
|  **Ohio – 0.2%** | **Ohio – 0.2%** | **Ohio – 0.2%** |
|  Ohio Air Quality Development Authority<br> (Pratt Paper OH, Inc.)<br>Series 2017<br>3.75%, 01/15/2028<sup>(a)</sup> | 655 | 639719 |
|  **Puerto Rico – 1.1%** | **Puerto Rico – 1.1%** | **Puerto Rico – 1.1%** |
|  Commonwealth of Puerto Rico<br>Series 2021-A<br>Zero Coupon, 07/01/2024 | 192 | 177718 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/01/2033 | 555 | 300011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2033 | 130 | 112718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/2023 | 90 | 89997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 07/01/2025 | 255 | 256922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/01/2027 | 750 | 764150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/01/2029 | 100 | 102321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/01/2031 | 100 | 103397 |
|  HTA HRRB Custodial Trust<br>Series 2022<br>5.50%, 07/01/2031 | 110 | 112241 |
|  HTA TRRB Custodial Trust<br>5.25%, 07/01/2041 | 190 | 188535 |
|  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Auth<br> (AES Puerto Rico LP)<br>Series 2000<br>6.625%, 06/01/2026 | 995 | 1008815 |
|  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue<br>Series 2018-A<br>Zero Coupon, 07/01/2024 | 310 | 289174 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3505999 |
|  **South Carolina – 0.6%** | **South Carolina – 0.6%** | **South Carolina – 0.6%** |
|  South Carolina Public Service Authority<br>Series 2021-B<br>4.00%, 12/01/2039 | 2000 | 1882200 |
|  **Texas – 1.0%** | **Texas – 1.0%** | **Texas – 1.0%** |
|  Mission Economic Development Corp.<br> (Natgasoline LLC)<br>Series 2018<br>4.625%, 10/01/2031<sup>(a)</sup> | 1010 | 971602 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Texas Municipal Gas Acquisition & Supply Corp. I<br> (Bank of America Corp.)<br>Series 2008-D<br>6.25%, 12/15/2026 | 2140 | $2252728 |
|  |  | 3224330 |
|  **Washington – 0.3%** |  |  |
|  Kalispel Tribe of Indians<br>Series 2018-A<br>5.00%, 01/01/2032<sup>(a)</sup> | 990 | 1033625 |
|  **Wisconsin – 0.7%** |  |  |
|  UMA Education, Inc.<br>Series 2019<br>5.00%, 10/01/2023<sup>(a)</sup> | 100 | 100296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2025<sup>(a)</sup> | 225 | 226414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2026<sup>(a)</sup> | 235 | 236335 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2027<sup>(a)</sup> | 245 | 246110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2028<sup>(a)</sup> | 135 | 135323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2029<sup>(a)</sup> | 100 | 99936 |
|  Wisconsin Public Finance Authority<br> (Celanese US Holdings LLC)<br>Series 2016-A<br>5.00%, 01/01/2024 | 1135 | 1136080 |
|  |  | 2180494 |
|  Total Municipal Obligations <br>(cost $247,127,731) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237330835 |
|  | **Shares** |  |
|  **INVESTMENT COMPANIES – 15.6%** |  |  |
|  **Funds and Investment Trusts – 15.6%**<sup>(e)</sup> |  |  |
|  iShares Core MSCI Emerging Markets ETF | 278526 | 13007164 |
|  SPDR S&P 500 ETF Trust | 84610 | 32357402 |
|  Vanguard Mid-Cap ETF | 19951 | 4066214 |
|  Total Investment Companies <br>(cost $34,944,030) |  | 49430780 |
|  | **Principal<br>Amount<br>(000)** |  |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES – 0.9%** |  |  |
|  **Agency CMBS – 0.9%** |  |  |
|  California Housing Finance Agency<br>Series 2021-2, Class A<br>3.75%, 03/25/2035 | $1970 | 1930579 |
|  Federal Home Loan Mortgage Corp.<br>Series 2021-ML10, Class AUS<br>2.032%, 01/25/2038 | 1255 | 937240 |
|  Total Commercial Mortgage-Backed Securities <br>(cost $3,616,815) |  | 2867819 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **GOVERNMENTS - TREASURIES – 0.8%** |  |  |
|  **United States – 0.8%** |  |  |
|  U.S. Treasury Notes<br>2.125%, 11/30/2023<br>| $200 | $195344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 02/15/2029<sup>(f) (g)</sup> | 2670 | 2473922 |
|  Total Governments - Treasuries <br>(cost $2,990,596) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2669266 |
|  | **Notional<br>Amount** |  |
|  **OPTIONS PURCHASED - PUTS – 0.8%** |  |  |
|  **Options on Equity Indices – 0.8%** |  |  |
|  Euro STOXX 50 Index <br>Expiration: Nov 2023; Contracts: 2,330; <br>Exercise Price: EUR 3,000.00; <br>Counterparty: UBS AG<sup>(h)</sup> | 6990000 | 216120 |
|  FTSE 100 Index <br>Expiration: Dec 2023; Contracts: 440; <br>Exercise Price: GBP 6,200.00; <br>Counterparty: UBS AG<sup>(h)</sup> | 2728000 | 75642 |
|  Nikkei 225 Index <br>Expiration: Dec 2023; Contracts: 31,000;<br>Exercise Price: JPY 21,750.00; <br>Counterparty: UBS AG<sup>(h)</sup> | 674250000 | 186939 |
|  S&P 500 Index <br>Expiration: Nov 2023; Contracts: 17,600;<br>Exercise Price: USD 3,200.00; <br>Counterparty: UBS AG<sup>(h)</sup> | 56320000 | 1909178 |
|  Total Options Purchased - Puts <br>(premiums paid $2,423,005) |  | 2387879 |
|  | **Principal<br>Amount<br>(000)** |  |
|  **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.0%** |  |  |
|  **Risk Share Floating Rate – 0.0%** |  |  |
|  Federal National Mortgage Association Connecticut Avenue Securities<br>Series 2014-C03, Class 2M2<br>7.289% (LIBOR 1 Month + 2.90%), 07/25/2024<sup>(b)</sup> | $29 | 28920 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-C02, Class 1M2<br>8.389% (LIBOR 1 Month + 4.00%), 05/25/2025<sup>(b)</sup> | 33 | 33376 |
|  Total Collateralized Mortgage Obligations <br>(cost $61,612) |  | 62296 |

---

------

---

| | | |
|:---|:---|:---|
| **Company** | **Shares** | **U.S. $ Value** |
|  **SHORT-TERM INVESTMENTS – 6.5%** | **SHORT-TERM INVESTMENTS – 6.5%** | **SHORT-TERM INVESTMENTS – 6.5%** |
|  **Investment Companies – 6.5%** | **Investment Companies – 6.5%** | **Investment Companies – 6.5%** |
|  AB Fixed Income Shares, Inc. - Government<br>Money Market Portfolio - Class AB, 4.12%<sup>(e) (i) (j)</sup> <br>(cost $20,754,020) | 20754020 | $20754020 |
|  **Total Investments – 99.5%** <br>(cost $311,917,809)<sup>(k)</sup> | **Total Investments – 99.5%** <br>(cost $311,917,809)<sup>(k)</sup> | 315502895 |
|  Other assets less liabilities – 0.5% |  | 1575322 |
|  **Net Assets – 100.0%** |  | $**317078217** |

---

**FUTURES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number<br>of**<br> **Contracts** | **Expiration<br>Month** | **Current<br>Notional** | **Value and<br>Unrealized<br>Appreciation<br>(Depreciation)** |
| **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** |
| Euro STOXX 50 Index Futures | 261 | March 2023 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10574810 | $(440131) |
| FTSE 100 Index Futures | 70 | March 2023 | 6318215 | (27806) |
| Hang Seng Index Futures | 10 | January 2023 | 1275711 | 12519 |
| MSCI Emerging Markets Futures | 126 | March 2023 | 6044220 | (112687) |
| Nikkei 225 (OSE) Futures | 6 | March 2023 | 1192320 | (64951) |
| OMXS 30 Index Futures | 108 | January 2023 | 2113456 | (60256) |
| Russell 2000 E-Mini Futures | 35 | March 2023 | 3099075 | (115283) |
| S&P 500 E-Mini Futures | 73 | March 2023 | 14092650 | (450986) |
| TOPIX Index Futures | 30 | March 2023 | 4323758 | (147860) |
| U.S. T-Note 2 Yr (CBT) Futures | 24 | March 2023 | 4921875 | 6150 |
| U.S. T-Note 10 Yr (CBT) Futures | 54 | March 2023 | 6064031 | (36494) |
| U.S. Ultra Bond (CBT) Futures | 14 | March 2023 | 1880375 | (39614) |
| **Sold Contracts** |  |  |  |  |
| MSCI Singapore IX ETS Futures | 47 | January 2023 | 1019550 | 9556 |
| S&P Mid 400 E-Mini Futures | 8 | March 2023 | 1954080 | 35163 |
| S&P/TSX 60 Index Futures | 15 | March 2023 | 2592097 | 78624 |
| SPI 200 Futures | 3 | March 2023 | 357038 | 6782 |
|  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1347274) |

---

**FORWARD CURRENCY EXCHANGE CONTRACTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to<br>Deliver<br>(000)** | **Contracts to<br>Deliver<br>(000)** | **In Exchange<br>For<br>(000)** | **In Exchange<br>For<br>(000)** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| Bank of America, NA | GBP | 1107 | USD | 1342 | 01/18/2023 | $3084 |
| Bank of America, NA | GBP | 2694 | USD | 3209 | 01/18/2023 | (49763) |
| Bank of America, NA | USD | 1388 | AUD | 2023 | 01/19/2023 | (9241) |
| BNP Paribas SA | USD | 1773 | AUD | 2627 | 01/19/2023 | 16681 |
| BNP Paribas SA | USD | 1755 | JPY | 235988 | 02/09/2023 | 51226 |
| Citibank, NA | CAD | &nbsp;&nbsp;&nbsp;&nbsp;4098 | USD | 3025 | 01/19/2023 | (1687) |
| Citibank, NA | USD | 6837 | AUD | 10775 | 01/19/2023 | 503981 |
| Citibank, NA | USD | 1236 | CAD | 1642 | 01/19/2023 | (22642) |
| Citibank, NA | USD | 913 | NOK | 9027 | 02/03/2023 | 9451 |
| Citibank, NA | USD | 9023 | JPY | 1245820 | 02/09/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;512926 |
| Citibank, NA | USD | 1810 | EUR | 1686 | 02/27/2023 | 1709 |
| Deutsche Bank AG | USD | 9364 | CAD | 12664 | 01/19/2023 | (9650) |
| Goldman Sachs Bank USA | NZD | 1619 | USD | 1007 | 02/02/2023 | (20889) |
| HSBC Bank USA | GBP | 442 | USD | 532 | 01/18/2023 | (3433) |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to<br>Deliver<br>(000)** | **Contracts to<br>Deliver<br>(000)** | **In Exchange<br>For<br>(000)** | **In Exchange<br>For<br>(000)** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| HSBC Bank USA | USD | 2961 | GBP | 2384 | 01/18/2023 | $(77641) |
| HSBC Bank USA | AUD | 4679 | USD | 3115 | 01/19/2023 | (72967) |
| HSBC Bank USA | CAD | 1074 | USD | 787 | 01/19/2023 | (5866) |
| HSBC Bank USA | JPY | 93208 | USD | 711 | 02/09/2023 | (2669) |
| HSBC Bank USA | USD | 5797 | EUR | 5492 | 02/27/2023 | 103334 |
| HSBC Bank USA | USD | 831 | CHF | 762 | 03/01/2023 | (2132) |
| JPMorgan Chase Bank, NA | CAD | 1006 | USD | 744 | 01/19/2023 | 1249 |
| JPMorgan Chase Bank, NA | NOK | 7160 | USD | 715 | 02/03/2023 | (16952) |
| Morgan Stanley & Co., Inc. | USD | 3166 | CAD | 4299 | 01/19/2023 | 9290 |
| Morgan Stanley & Co., Inc. | USD | 1746 | NZD | 2831 | 02/02/2023 | 51931 |
| Morgan Stanley & Co., Inc. | SEK | 8541 | USD | 814 | 02/03/2023 | (5511) |
| Morgan Stanley & Co., Inc. | JPY | 95721 | USD | 703 | 02/09/2023 | (29389) |
| Morgan Stanley & Co., Inc. | EUR | 2138 | USD | 2284 | 02/27/2023 | (12958) |
| Morgan Stanley & Co., Inc. | CHF | 3583 | USD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3858 | 03/01/2023 | (40552) |
| State Street Bank & Trust Co. | USD | 416 | GBP | 347 | 01/18/2023 | 3827 |
| State Street Bank & Trust Co. | NZD | 1359 | USD | 866 | 02/02/2023 | 3189 |
| State Street Bank & Trust Co. | SEK | 530 | USD | 51 | 02/03/2023 | (355) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;887581 |

---

**CENTRALLY CLEARED INFLATION (CPI) SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency**<br> **Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid/<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 1420 | 01/15/2025 | 2.565% | CPI# | Maturity | $124128 | $— | $124128 |
| USD | 710 | 01/15/2025 | 2.585% | CPI# | Maturity | 61504 |  | 61504 |
| USD | 710 | 01/15/2025 | 2.613% | CPI# | Maturity | 60733 |  | 60733 |
| USD | 3780 | 01/15/2026 | CPI# | 3.720% | Maturity | (107221) |  | (107221) |
| USD | 2150 | 01/15/2027 | CPI# | 3.320% | Maturity | (86188) |  | (86188) |
| USD | 2110 | 01/15/2027 | CPI# | 3.466% | Maturity | (65871) | (2321) | (63550) |
| USD | 6470 | 01/15/2028 | 1.230% | CPI# | Maturity | 1119038 |  | 1119038 |
| USD | 5230 | 01/15/2028 | 0.735% | CPI# | Maturity | 1088530 |  | 1088530 |
| USD | 9210 | 01/15/2029 | CPI# | 3.290% | Maturity | (245195) |  | (245195) |
| USD | 1720 | 01/15/2029 | CPI# | 3.735% | Maturity | 16813 |  | 16813 |
| USD | 1575 | 01/15/2030 | 1.572% | CPI# | Maturity | 257573 |  | 257573 |
| USD | 1575 | 01/15/2030 | 1.587% | CPI# | Maturity | 255459 |  | 255459 |
| USD | 240 | 01/15/2030 | 1.714% | CPI# | Maturity | 36182 |  | 36182 |
| USD | 240 | 01/15/2030 | 1.731% | CPI# | Maturity | 35812 |  | 35812 |
| USD | 1300 | 01/15/2031 | 2.782% | CPI# | Maturity | 80010 |  | 80010 |
| USD | 1180 | 01/15/2031 | 2.680% | CPI# | Maturity | 84150 |  | 84150 |
| USD | 1030 | 01/15/2031 | 2.989% | CPI# | Maturity | 42747 |  | 42747 |
| USD | 1110 | 04/15/2032 | CPI# | 2.909% | Maturity | (46007) |  | (46007) |
| USD | 1000 | 04/15/2032 | CPI# | 2.748% | Maturity | (58311) |  | (58311) |
| USD | 600 | 04/15/2032 | CPI# | 2.722% | Maturity | (36637) |  | (36637) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2617249 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2321) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2619570 |

---

*#* *Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).* 

**CENTRALLY CLEARED INTEREST RATE SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment**<br> **Frequency**<br> **Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid/<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 10300 | 01/15/2027 | 1 Day<br>SOFR | 2.728% | Annual | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(416526) | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(416526) |

---

------

**CREDIT DEFAULT SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Swap Counterparty & <br>Referenced Obligation** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>December 31,<br>2022** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid/<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Sale Contracts** |  |  |  |  |  |  |  |  |
| Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00% | Monthly | 7.50% | USD | 23 | $(5734) | $(2176) | $(3558) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 78 | (19064) | (9333) | (9731) |
| Credit Suisse International |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 5 | (1240) | (589) | (651) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 13 | (3100) | (1187) | (1913) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 159 | (38902) | (18348) | (20554) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 162 | (39522) | (15155) | (24367) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 242 | (59205) | (22119) | (37086) |
| Goldman Sachs International |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 30 | (7439) | (3627) | (3812) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 210 | (51301) | (18603) | (32698) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(225507) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(91137) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(134370) |

---

*\** *Termination date* 

**INFLATION (CPI) SWAPS** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | **Rate Type** | **Rate Type** | | | | |
| <br>**Swap Counterparty** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** |<br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid/<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| Barclays Bank PLC | USD | 5000 | 10/23/2026 | 2.310% | CPI# | Maturity | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270291 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270291 |
| Barclays Bank PLC | USD | 5000 | 12/04/2027 | 2.170% | CPI# | Maturity | 530073 |  | 530073 |
| Barclays Bank PLC | USD | 1000 | 10/23/2029 | 2.388% | CPI# | Maturity | 48464 |  | 48464 |
| Citibank, NA | USD | 7000 | 11/04/2023 | 1.900% | CPI# | Maturity | 858885 |  | 858885 |
| Citibank, NA | USD | 3000 | 07/20/2027 | 2.104% | CPI# | Maturity | 343014 |  | 343014 |
| Deutsche Bank AG | USD | 4000 | 09/04/2025 | 1.818% | CPI# | Maturity | 502249 |  | 502249 |

---

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | **Rate Type** | **Rate Type** | | | | |
| <br>**Swap Counterparty** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** |<br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** |<br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid/<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| JPMorgan Chase Bank, NA | USD | 3000 | 03/02/2024 | 2.175% | CPI# | Maturity | $284442 | $— | $284442 |
| JPMorgan Chase Bank, NA | USD | 5000 | 07/20/2024 | 1.995% | CPI# | Maturity | 560704 |  | 560704 |
| JPMorgan Chase Bank, NA | USD | 4000 | 11/04/2026 | 2.015% | CPI# | Maturity | 487088 |  | 487088 |
| JPMorgan Chase Bank, NA | USD | 7000 | 12/27/2028 | 2.009% | CPI# | Maturity | 835643 |  | 835643 |
| Morgan Stanley Capital Services LLC | USD | 5000 | 07/20/2032 | 2.158% | CPI# | Maturity | 617153 |  | 617153 |
|  |  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5338006 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5338006 |

---

*#* *Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).* 

**INTEREST RATE SWAPS** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | **Rate Type** | **Rate Type** | | | | |
| <br>**Swap Counterparty** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid/<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| Citibank, NA | USD | 3815 | 10/09/2029 | 1.125% | SIFMA\* | Quarterly | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469142 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469142 |

---

*\** *Variable interest rate based on the Securities Industry & Financial Markets Association (SIFMA) Municipal Swap Index.* 

**TOTAL RETURN SWAPS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty & <br>Referenced Obligation** | **Rate Paid/<br>Received** | **Payment<br>Frequency** | **Current<br>Notional<br>(000)** | **Current<br>Notional<br>(000)** | **Maturity<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Receive Total Return on Reference Obligation** |  |  |  |  |  |  |
| Morgan Stanley Capital Services LLC |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Swiss Market Index Futures | 0.00% | Maturity | CHF | 1918 | 03/17/2023 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(73243) |

---

*(a)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At December 31, 2022, the aggregate market value of these securities amounted to $24,280,585 or 7.7% of net assets.* 

*(b)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at December 31, 2022.* 

*(c)* *When-Issued or delayed delivery security.* 

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

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

*(f)* *Position, or a portion thereof, has been segregated to collateralize margin requirements for open futures contracts.* 

*(g)* *Position, or a portion thereof, has been segregated to collateralize OTC derivatives outstanding.* 

*(h)* *Non-income producing security.* 

*(i)* *Affiliated investments.* 

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

------

*(k)* *As of December 31, 2022, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $26,719,392 and gross unrealized depreciation of investments was $(15,791,420), resulting in net unrealized appreciation of $10,927,972.* 

*As of December 31, 2022, the Portfolio's percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 2.3% and 0.0%, respectively.* 

---

| |
|:---|
| *Currency Abbreviations:* |
| *AUD – Australian Dollar* |
| *CAD – Canadian Dollar* |
| *CHF – Swiss Franc* |
| *EUR – Euro* |
| *GBP – Great British Pound* |
| *JPY – Japanese Yen* |
| *NOK – Norwegian Krone* |
| *NZD – New Zealand Dollar* |
| *SEK – Swedish Krona* |
| *USD – United States Dollar* |

---

---

| |
|:---|
| *Glossary:* |
| *AGM – Assured Guaranty Municipal* |
| *CBT – Chicago Board of Trade* |
| *CDX-CMBX.NA – North American Commercial Mortgage-Backed Index* |
| *CMBS – Commercial Mortgage-Backed Securities* |
| *COP – Certificate of Participation* |
| *CPI – Consumer Price Index* |
| *DOT – Department of Transportation* |
| *ETF – Exchange Traded Fund* |
| *ETM – Escrowed to Maturity* |
| *ETS – Emission Trading Scheme* |
| *FTSE – Financial Times Stock Exchange* |
| *LIBOR – London Interbank Offered Rate* |
| *MUNIPSA – SIFMA Municipal Swap Index* |
| *MSCI – Morgan Stanley Capital International* |
| *NATL – National Interstate Corporation* |
| *OMXS – Stockholm Stock Exchange* |
| *SOFR – Secured Overnight Financing Rate* |
| *SPDR – Standard & Poor's Depository Receipt* |
| *SPI – Share Price Index* |
| *TOPIX – Tokyo Price Index* |
| *TSX – Toronto Stock Exchange* |
| *XLCA – XL Capital Assurance Inc.* |

---

------

**Sanford C. Bernstein Fund, Inc.** 

**Tax-Aware Overlay C Portfolio** 

**December 31, 2022 (unaudited)** 

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

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

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

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

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

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

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

------

Options are valued using market-based inputs to models, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency, where such inputs and models are available. Alternatively, the values may be obtained through unobservable management determined inputs and/or management's proprietary models. Where models are used, the selection of a particular model to value an option depends upon the contractual terms of, and specific risks inherent in, the option as well as the availability of pricing information in the market. Valuation models require a variety of inputs, including contractual terms, market prices, measures of volatility and correlations of such inputs. Exchange traded options will be classified as Level 2. For options that do not trade on exchange but trade in liquid markets, inputs can generally be verified and model selection does not involve significant management judgment. Options are classified within Level 2 on the fair value hierarchy when all of the significant inputs can be corroborated to market evidence. Otherwise such instruments are classified as Level 3.

The following table summarizes the valuation of the Portfolio's investments by the above fair value hierarchy levels as of December 31, 2022:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
|  **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Long-Term Municipal Bonds | $— | $237330835 | $— | $237330835 |
| Investment Companies | 49430780 |  |  | 49430780 |
| Commercial Mortgage-Backed Securities |  | 2867819 |  | 2867819 |
| Governments - Treasuries |  | 2669266 |  | 2669266 |
| Options Purchased - Puts |  | 2387879 |  | 2387879 |
| Collateralized Mortgage Obligations |  | 62296 |  | 62296 |
| Short-Term Investments | 20754020 |  |  | 20754020 |
| Total Investments in Securities | 70184800 | 245318095 |  | 315502895 |
| **Other Financial Instruments<sup>(a)</sup>:** |  |  |  |  |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Futures | 148794 |  |  | 148794 |
| Forward Currency Exchange Contracts |  | 1271878 |  | 1271878 |
| Centrally Cleared Inflation (CPI) Swaps |  | 3262679 |  | 3262679 |
| Inflation (CPI) Swaps |  | 5338006 |  | 5338006 |
| Interest Rate Swaps |  | 469142 |  | 469142 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Futures | (1496068) |  |  | (1496068) |
| Forward Currency Exchange Contracts |  | (384297) |  | (384297) |
| Centrally Cleared Inflation (CPI) Swaps |  | (645430) |  | (645430) |
| Centrally Cleared Interest Rate Swaps |  | (416526) |  | (416526) |
| Credit Default Swaps |  | (225507) |  | (225507) |
| Total Return Swaps |  | (73243) |  | (73243) |
| **Total** | $**68837526** | $**253914797** | $**—** | $**322752323** |

---

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

------

A summary of the Portfolio's transactions in AB mutual funds for three months ended December 31, 2022 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value<br>09/30/2022<br>(000)** | **Purchases<br>at Cost<br>(000)** | **Sales<br>Proceeds<br>(000)** | **Market Value<br>12/31/2022<br>(000)** | **Dividend<br>Income<br>(000)** |
| Government Money Market Portfolio | $&nbsp;&nbsp;&nbsp;&nbsp;17560 | $&nbsp;&nbsp;&nbsp;&nbsp;64032 | $&nbsp;&nbsp;&nbsp;&nbsp;60838 | $&nbsp;&nbsp;&nbsp;&nbsp;20754 | $&nbsp;&nbsp;&nbsp;&nbsp;298 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BERNSTEIN SANFORD C FUND INC

- **b. Investment Company Act file number:** 811-05555

- **c. CIK number of Registrant:** 0000832808

- **d. LEI of Registrant:** 549300GA5IHQHIM7CU60

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10105

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

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

- **a. Name of Series:** Tax-Aware Overlay C Portfolio

- **b. EDGAR series identifier (if any):** S000027651

- **c. LEI of Series:** 2P18Z1LGWH16353LFB04

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $322197709.16

**Total Liabilities:** $3341385.87

**Net Assets:** $318856323.29

**Delayed Delivery Securities:** $2230947.90

**Cash Not Reported:** $2576614.76

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -996.35000000 | **1-Year:** -2318.14000000 | **5-Year:** -3882.73000000 | **10-Year:** -1082.30000000 | **30-Year:** -828.45000000

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

- **3-Month:** -825.23000000 | **1-Year:** -2936.66000000 | **5-Year:** -7868.66000000 | **10-Year:** -4376.61000000 | **30-Year:** -852.81000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000083503 | 0.51%                | 3.12%                | -1.14%               |
| Class ID C000083502 | 0.61%                | 3.01%                | -1.05%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1255677.34             | $1749517.15                                |
| Month 2  | $-1677860.99             | $11560401.14                               |
| Month 3  | $315107.50               | $-2896537.86                               |

**Designated Index Information**

- **Index Name:** 19% Russell 3000, 11% MSCI ACWI ex-USA IMI (net)42% Bloomberg 1-10 Year Municipal Bond, and 28% Bloomberg 1-10 Year US Gov Inflation-Linked Bonds

- **Index Identifier:** ^RUA,NDUEACWZ,B12MTR,LTI1TRUU:IND

### Schedule of Portfolio Investments

| Name                                                                            | Title                                                                                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alliance Bernstein                                                              | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                                       | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |  20754020 | NS      | $20754020.41  | 6.51%             |  |  |  | No            |                  1 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2C1M1   IRS USD R F  3.32000 IS2C1M1 CCPINFLATIONZERO / Short: SS2C1M1   IRS USD P V 12MUSCPI IS2C1N2 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2150000 | OU      | $-86188.40    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                              | DETROIT MI                                                                                                                             | CUSIP: 2510933H1<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2066096.00   | 0.65%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                              | CUSIP: 544445CR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1341481.69   | 0.42%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS281C9   IRS USD R V 12MUSCPI IS281D0 CCPINFLATIONZERO / Short: BS281C9   IRS USD P F  2.58500 IS281C9 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    710000 | OU      | $61503.72     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH LEASE REVENUE                                                                                              | CUSIP: 13049UCP2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2320000 | PA      | $2533329.10   | 0.79%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                                                                                             | CUSIP: 13077DAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2308029.77   | 0.72%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                                                                                           | CUSIP: 45204E6X1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102249.88    | 0.03%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | United States Treasury Note/Bond                                                                                                       | CUSIP: 9128286B1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2670000 | PA      | $2473921.88   | 0.78%             | 2029-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                        | PURCHASED CAD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | CA        |         1 | NC      | $8092.29      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                            | CUSIP: 13013JAX4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003767.00   | 0.31%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                               | Long: IS0QGL9   IRS USD R V 12MLIBOR IS0QGM0 CPI SWAP 10212014 05 / Short: IS0QGL9   IRS USD P F  2.31000 IS0QGL9 CPI SWAP 10212014 05 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |   5000000 | OU      | $270291.15    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                                                                                | CUSIP: 13080SWM2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    375000 | PA      | $366382.80    | 0.11%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Walnut Energy Center Authority                                                  | WALNUT CA ENERGY CENTER AUTH REVENUE                                                                                                   | CUSIP: 93265PCQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1854898.92   | 0.58%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp I                               | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP I GAS SPLY REVENUE                                                                           | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2252727.71   | 0.71%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                                                                                            | CUSIP: 13058TJJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $557201.88    | 0.17%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS249F6   IRS USD R V 12MUSCPI IS249G7 CCPINFLATIONZERO / Short: BS249F6   IRS USD P F  1.71400 IS249F6 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    240000 | OU      | $36182.27     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                            | GUAM PWR AUTH REVENUE                                                                                                                  | CUSIP: 400653JT9<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066367.80   | 0.33%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                               | Long: IS1ISL8   IRS USD R V 12MUSCPI IS1ISM9 INFLATIONZERO / Short: IS1ISL8   IRS USD P F  2.17000 IS1ISL8 INFLATIONZERO               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |   5000000 | OU      | $530073.15    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3E5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     89997 | PA      | $89996.87     | 0.03%             | 2023-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                                              | PURCHASED GBP / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | GB        |         1 | NC      | $-77641.32    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | PURCHASED JPY / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | JP        |         1 | NC      | $512926.13    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                                        | PURCHASED USD / SOLD NOK                                                                                                               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-16951.82    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | Long: IS1FYS8   IRS USD R V 12MUSCPI IS1FYT9 INFLATIONZERO / Short: IS1FYS8   IRS USD P F  2.10400 IS1FYS8 INFLATIONZERO               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |   3000000 | OU      | $343013.67    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Nasdaq Stockholm AB                                                             | OMXS30 IND FUTURE JAN23                                                                                                                | CUSIP: 000000000<br>LEI: 549300KBQIVNEJEZVL96 | N/A              | DE               |  | SE        |       108 | NC      | $-56358.48    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe - Financial Products Division                                | FTSE 100 IDX FUT MAR23                                                                                                                 | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DE               |  | GB        |        70 | NC      | $-43687.67    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| California Enterprise Development Authority                                     | CALIFORNIA ST ENTERPRISE DEV AUTH CHRT SCH REVENUE                                                                                     | CUSIP: 13069AAS7<br>LEI: 549300544P6FSHU1HB46 | Long             | DBT              | MUN               | US        |    540000 | PA      | $489763.53    | 0.15%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                                                                                            | CUSIP: 13058TQA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021524.70   | 0.32%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                                        | Long: IS1C8Y3   IRS USD R V 12MUSCPI IS1C8Z4 INFLATIONZERO / Short: IS1C8Y3   IRS USD P F  2.17500 IS1C8Y3 INFLATIONZERO               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   3000000 | OU      | $284442.33    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                    | CUSIP: 13048VBM9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2095685.20   | 0.66%             | 2029-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                                                  | Long: IS1NBC5   CDS USD R F  3.00000 IS1NBC5 CMBX / Short: IS1NBC5   CDS USD P V 01MEVENT IS1NBD6 CMBX                                 | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              |  | US        |     23443 | OU      | $-5734.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kalispel Tribe of Indians                                                       | KALISPEL TRIBE OF INDIANS PRIORITY DIST WA REVENUE                                                                                     | CUSIP: 48340PAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1033625.04   | 0.32%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT HOTEL OCCUPANCY TAX REVENUE                                                                                                  | CUSIP: 40065KAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017949.70   | 0.32%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                                                                                                | CUSIP: 1301786S0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2117992.60   | 0.66%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2C596   IRS USD R F  3.46600 IS2C596 CCPINFLATIONZERO / Short: SS2C596   IRS USD P V 12MUSCPI IS2C5A7 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2110000 | OU      | $-65871.39    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                             | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 13013FAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $393224.55    | 0.12%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                                                                                          | CUSIP: 13063CEN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5635000 | PA      | $5712320.09   | 1.79%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                                  | OAKLAND CA UNIF SCH DIST ALAMEDA CNTY                                                                                                  | CUSIP: 672325XK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1083672.95   | 0.34%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                              | SAN JOSE CA ARPT REVENUE                                                                                                               | CUSIP: 798136UP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2423832.34   | 0.76%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Monterey CA                                                           | MONTEREY CNTY CA COPS                                                                                                                  | CUSIP: 612448PN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4870000 | PA      | $5371609.51   | 1.68%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                             | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 13013FBC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $742469.40    | 0.23%             | 2050-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                                              | PURCHASED USD / SOLD JPY                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-2668.69     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                     | Long: SS2G4Z7   IRS USD R F  2.72800 IS2G4Z7 CCPOIS / Short: SS2G4Z7   IRS USD P V 00MSOFR IS2G509 CCPOIS                              | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |  10300000 | OU      | $-416525.96   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | PURCHASED USD / SOLD CAD                                                                                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-1686.82     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                        | CAPITAL TRUST AGY FL EDUCTNL FACS LEASE REVENUE                                                                                        | CUSIP: 14054DAD9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101255.77    | 0.03%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                              | CUSIP: 544445GF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4670000 | PA      | $4696566.70   | 1.47%             | 2023-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                 | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                            | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2130000 | PA      | $2219671.94   | 0.70%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    750000 | PA      | $764150.40    | 0.24%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                                                                                             | CUSIP: 13077DQN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1495075.40   | 0.47%             | 2034-11-01      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2BYW9   IRS USD R F  2.90900 IS2BYW9 CCPINFLATIONZERO / Short: SS2BYW9   IRS USD P V 12MUSCPI IS2BYX0 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1110000 | OU      | $-46006.94    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Credit Suisse International                                                     | Long: IS1N8C4   CDS USD R F  3.00000 IS1N8C4 CMBX / Short: IS1N8C4   CDS USD P V 01MEVENT IS1N8D5 CMBX                                 | CUSIP: 000000000<br>LEI: E58DKGMJYYYJLN8C3868 | N/A              | DCR              |  | GB        |    242032 | OU      | $-59205.05    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| City of Ashland KY                                                              | ASHLAND KY MED CENTER REVENUE                                                                                                          | CUSIP: 044293BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106152.33    | 0.03%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS283G7   IRS USD R V 12MUSCPI IS283H8 CCPINFLATIONZERO / Short: BS283G7   IRS USD P F  2.61250 IS283G7 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    710000 | OU      | $60732.70     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                                                  | Long: IS1PAM4   CDS USD R F  3.00000 IS1PAM4 CMBX / Short: IS1PAM4   CDS USD P V 01MEVENT IS1PAN5 CMBX                                 | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              |  | US        |     77932 | OU      | $-19063.41    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                          | US ULTRA BOND CBT MAR23                                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        14 | NC      | $-39613.91    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Fremont Community Facilities District No 1                                      | FREMONT CA CMNTY FACS DIST #1                                                                                                          | CUSIP: 357129BZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1565847.90   | 0.49%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292BK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $696113.70    | 0.22%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Walnut Energy Center Authority                                                  | WALNUT CA ENERGY CENTER AUTH REVENUE                                                                                                   | CUSIP: 93265PCN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032128.60   | 0.32%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                          | AL33003 ALLIANCE                                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |     31000 | NC      | $186938.82    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                                                                                              | CUSIP: 13032UWW4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1845392.76   | 0.58%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                               | CUSIP: 79766DGA1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1105033.86   | 0.35%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                    | CUSIP: 13048VBL1<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1785945.20   | 0.56%             | 2028-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                     | S+P MID 400 EMINI MAR23                                                                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        -8 | NC      | $35162.87     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103396.82    | 0.03%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA ST STWD CMNTYS DEV AUTH HOSP REVENUE                                                                                        | CUSIP: 13081KAK6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2962300.64   | 0.93%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                         | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                                                                                              | CUSIP: 072024XT4<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1943892.60   | 0.61%             | 2056-04-01      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS2AU39   IRS USD R V 12MUSCPI IS2AU40 CCPINFLATIONZERO / Short: BS2AU39   IRS USD P F  2.68000 IS2AU39 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1180000 | OU      | $84150.38     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                    | CUSIP: 13048VBK3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1392097.07   | 0.44%             | 2028-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                                                                                             | CUSIP: 74442PMQ5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    245000 | PA      | $246109.85    | 0.08%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                                                                                           | CUSIP: 59447PYH8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2199693.43   | 0.69%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                  | PURCHASED AUD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | AU        |         1 | NC      | $16680.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                                                                                                         | CUSIP: 20772JF49<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1316214.88   | 0.41%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal                                      | S+P/TSX 60 IX FUT MAR23                                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |       -15 | NC      | $78623.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Suisse International                                                     | Long: IS1NCU0   CDS USD R F  3.00000 IS1NCU0 CMBX / Short: IS1NCU0   CDS USD P V 01MEVENT IS1NCV1 CMBX                                 | CUSIP: 000000000<br>LEI: E58DKGMJYYYJLN8C3868 | N/A              | DCR              |  | GB        |     12672 | OU      | $-3099.74     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Antelope Valley-East Kern Water Agency                                          | ANTELOPE VLY-E KERN CA WTR AGY WTR REVENUE                                                                                             | CUSIP: 03672YAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053434.60   | 0.33%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | Long: IS1WUB4   IRS USD R V 01MMUNIP IS1WUC5 VANILLA / Short: IS1WUB4   IRS USD P F  1.12500 IS1WUB4 VANILLA                           | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |   3815000 | OU      | $469142.14    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Ashland KY                                                              | ASHLAND KY MED CENTER REVENUE                                                                                                          | CUSIP: 044293BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $147382.05    | 0.05%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                                        | Long: IS1QI56   IRS USD R V 12MUSCPI IS1QI67 INFLATIONZERO / Short: IS1QI56   IRS USD P F  2.00900 IS1QI56 INFLATIONZERO               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   7000000 | OU      | $835643.62    | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Sacramento County Water Financing Authority                                     | SACRAMENTO CNTY CA WTR FING AUTH REVENUE                                                                                               | CUSIP: 78615RCV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1264352.15   | 0.40%             | 2039-06-01      | Floating      | 3.76%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                     | Long: IS1N5S9   CDS USD R F  3.00000 IS1N5S9 CMBX / Short: IS1N5S9   CDS USD P V 01MEVENT IS1N5T0 CMBX                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | GB        |    209719 | OU      | $-51300.72    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Credit Suisse International                                                     | Long: IS1PCY0   CDS USD R F  3.00000 IS1PCY0 CMBX / Short: IS1PCY0   CDS USD P V 01MEVENT IS1PCZ1 CMBX                                 | CUSIP: 000000000<br>LEI: E58DKGMJYYYJLN8C3868 | N/A              | DCR              |  | GB        |    159031 | OU      | $-38901.75    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT LTD OBLG REVENUE                                                                                                             | CUSIP: 40065HDN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $233232.35    | 0.07%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                         | CUSIP: 650116CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $192888.57    | 0.06%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                                  | OAKLAND CA UNIF SCH DIST ALAMEDA CNTY                                                                                                  | CUSIP: 672325XJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1384088.49   | 0.43%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                                                                                           | CUSIP: 544646T28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6815000 | PA      | $7038000.43   | 2.21%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                                                          | MSCI EMGMKT MAR23                                                                                                                      | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |       126 | NC      | $-112687.22   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| CMFA Special Finance Agency VII                                                 | CMFA SPL FIN AGY VII CA ESSENTIAL HSG REVENUE                                                                                          | CUSIP: 12574UAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $745637.50    | 0.23%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                                       | CUSIP: 13033DAH8<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    984865 | PA      | $53340.20     | 0.02%             | 2035-03-25      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                  | PURCHASED JPY / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | JP        |         1 | NC      | $51225.92     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                                              | PURCHASED EUR / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | XX        |         1 | NC      | $103334.37    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Riverside County Redevelopment Successor Agency                                 | RIVERSIDE CNTY CA REDEV SUCCESSOR AGY TAX ALLOCATION                                                                                   | CUSIP: 76913AKC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2075326.49   | 0.65%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                              | MET WTR DIST OF STHRN CA WTRWKS REVENUE                                                                                                | CUSIP: 59266TNJ6<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993368.80    | 0.31%             | 2037-07-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Newport Mesa Unified School District                                            | NEWPORT MESA CA UNIF SCH DIST                                                                                                          | CUSIP: 652113YM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $528021.72    | 0.17%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                                                                                | CUSIP: 13080SKR4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2362310.94   | 0.74%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | PURCHASED USD / SOLD SEK                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-355.16      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                                                                                             | CUSIP: 74442PMN2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    225000 | PA      | $226413.65    | 0.07%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                              | CUSIP: 544445PK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1140695.90   | 0.36%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                          | US 10YR NOTE (CBT)MAR23                                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        54 | NC      | $-36494.24    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| California Housing Finance Agency                                               | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                                       | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2582167 | PA      | $2335511.26   | 0.73%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Osaka Exchange                                                                  | TOPIX INDX FUTR MAR23                                                                                                                  | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |        30 | NC      | $-182324.50   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                     | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                                      | CUSIP: 688031EL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $65490.13     | 0.02%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $724947.00    | 0.23%             | 2046-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Anaheim Housing & Public Improvements Authority                                 | ANAHEIM CA HSG & PUBLIC IMPT AUTH REVENUE                                                                                              | CUSIP: 032556GY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $946456.21    | 0.30%             | 2032-10-01      | Fixed         | 2.79%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                                        | Long: IS19KK4   IRS USD R V 03MLIBOR IS19KL5 CPILV506025 / Short: IS19KK4   IRS USD P F  2.01500 IS19KK4 CPILV506025                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   4000000 | OU      | $487087.84    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                                          | SPDR S&P 500 ETF Trust                                                                                                                 | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |     84610 | NS      | $32357402.30  | 10.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC                                                                           | CUSIP: 74527JAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1008814.98   | 0.32%             | 2026-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                                                                                           | CUSIP: 45204E6T0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103709.87    | 0.03%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                              | SAN JOSE CA ARPT REVENUE                                                                                                               | CUSIP: 798136UK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $1987661.99   | 0.62%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                                                                                                         | CUSIP: 91412GST3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6044851.20   | 1.90%             | 2048-05-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sacramento CA Airport System Revenue                                  | SACRAMENTO CNTY CA ARPT SYS REVENUE                                                                                                    | CUSIP: 786107SV5<br>LEI: 549300OXI5MD45L13R20 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1409545.73   | 0.44%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                                                                                          | CUSIP: 13063DD39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2027442.80   | 0.64%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Los Angeles CA Community Facilities District No 2021-01               | LOS ANGELES CNTY CA CMNTY FACS DIST #2021-01 SPL TAX                                                                                   | CUSIP: 54531MAR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1827329.22   | 0.57%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                               | CUSIP: 544532BB9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    455000 | PA      | $523657.95    | 0.16%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                               | CUSIP: 40065NCC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $861245.03    | 0.27%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Antelope Valley-East Kern Water Agency                                          | ANTELOPE VLY-E KERN CA WTR AGY WTR REVENUE                                                                                             | CUSIP: 03672YAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008269.80   | 0.32%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                                       | CUSIP: 13033DAC9<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   2119059 | PA      | $2045846.14   | 0.64%             | 2033-03-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Water Authority                                                | SAN DIEGO CNTY CA WTR AUTH                                                                                                             | CUSIP: 797412DB6<br>LEI: 549300Y0QN5OFKA1G520 | Long             | DBT              | MUN               | US        |    780000 | PA      | $785564.44    | 0.25%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Water Authority                                                | SAN DIEGO CNTY CA WTR AUTH                                                                                                             | CUSIP: 797412DC4<br>LEI: 549300Y0QN5OFKA1G520 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515554.10    | 0.16%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS21YN0   IRS USD R V 12MUSCPI IS21YO1 CCPINFLATIONZERO / Short: BS21YN0   IRS USD P F  1.23000 IS21YN0 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6470000 | OU      | $1119038.13   | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA ST STWD CMNTYS DEV AUTH CLG HSG REVENUE                                                                                     | CUSIP: 13081CAB4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    215000 | PA      | $208058.08    | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                | Fannie Mae Connecticut Avenue Securities                                                                                               | CUSIP: 30711XAX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33211 | PA      | $33376.40     | 0.01%             | 2025-05-25      | Floating      | 8.39%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                                                                                   | CUSIP: 13034AQ45<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1972245.00   | 0.62%             | 2047-08-01      | Floating      | 4.01%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3Q8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    191750 | PA      | $177718.10    | 0.06%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                         | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                                                                                            | CUSIP: 594698QH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3445609.39   | 1.08%             | 2030-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Limited                                 | MSCI SING IX ETS JAN23                                                                                                                 | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DE               |  | SG        |       -47 | NC      | $9352.33      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| City & County of Denver CO                                                      | DENVER CITY & CNTY CO SPL FACS ARPT REVENUE                                                                                            | CUSIP: 249271GV3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983285.70    | 0.31%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | PURCHASED AUD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AU        |         1 | NC      | $503980.78    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                           | SAINT JAMES PARISH LA REVENUE                                                                                                          | CUSIP: 790103AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $116779.71    | 0.04%             | 2038-06-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | PURCHASED USD / SOLD NZD                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $1125.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2B560   IRS USD R F  2.74800 IS2B560 CCPINFLATIONZERO / Short: SS2B560   IRS USD P V 12MUSCPI IS2B571 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1000000 | OU      | $-58311.40    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                          | AL32992 ALLIANCE                                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |     17600 | NC      | $1909178.36   | 0.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                  | VAUXMONT MET DIST CO                                                                                                                   | CUSIP: 92242SBE2<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102216.01    | 0.03%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                          | AL37715 ALLIANCE                                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |       440 | NC      | $75642.06     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Exchange                                                                  | NIKKEI 225 (OSE) MAR23                                                                                                                 | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |         6 | NC      | $-74454.56    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI EXEMPT FACS REVENUE                                                                                                 | CUSIP: 74443QAB8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1136080.07   | 0.36%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA ST STWD CMNTYS DEV AUTH CLG HSG REVENUE                                                                                     | CUSIP: 13081CAA6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    120000 | PA      | $119744.08    | 0.04%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                                | CUSIP: 6461364A6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2172805.60   | 0.68%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Middle Fork Project Finance Authority                                           | MIDDLE FORK PROJ FIN AUTH CA                                                                                                           | CUSIP: 59572CAP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $487121.90    | 0.15%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                                | PURCHASED CAD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | CA        |         1 | NC      | $-9649.60     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VIII                                                | CMFA SPL FIN AGY VIII CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 12574VAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $222384.09    | 0.07%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | CALIFORNIA HSG FIN AGY MUNI CTFS                                                                                                       | CUSIP: 13033DAG0<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   1969730 | PA      | $1930579.14   | 0.61%             | 2035-03-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2CQM6   IRS USD R F  3.29000 IS2CQM6 CCPINFLATIONZERO / Short: SS2CQM6   IRS USD P V 12MUSCPI IS2CQN7 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   9210000 | OU      | $-245195.34   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                              | CUSIP: 544445CQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3585000 | PA      | $3777580.82   | 1.18%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | ROSEVILLE CA SPL TAX                                                                                                                   | CUSIP: 777870XT8<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054863.20   | 0.33%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292BS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $782275.60    | 0.25%             | 2043-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                                                                                                  | CUSIP: 5444954G6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1856569.56   | 0.58%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                                              | PURCHASED CHF / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CH        |         1 | NC      | $-2131.86     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                         | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                                                                                              | CUSIP: 072024XU1<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1939578.40   | 0.61%             | 2056-04-01      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| Hong Kong Futures Exchange Ltd.                                                 | HANG SENG IDX FUT JAN23                                                                                                                | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | N/A              | DE               |  | HK        |        10 | NC      | $7268.46      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | PURCHASED USD / SOLD NZD                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $304.43       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                        | PURCHASED USD / SOLD CHF                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-40551.77    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                                                                                              | CUSIP: 13032URD2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    900000 | PA      | $983481.57    | 0.31%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                                                                                | CUSIP: 13080SVH4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $518038.15    | 0.16%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                                                                                             | CUSIP: 74442PMS1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99935.66     | 0.03%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                           | SAINT JAMES PARISH LA REVENUE                                                                                                          | CUSIP: 790103AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106163.37    | 0.03%             | 2040-12-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                             | CALIFORNIA CMNTY HSG AGY ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 13013FAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $941917.86    | 0.30%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                      | CHICAGO IL BRD OF EDU                                                                                                                  | CUSIP: 167505TF3<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036691.80   | 0.64%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS20V36   IRS USD R V 12MUSCPI IS20V47 CCPINFLATIONZERO / Short: BS20V36   IRS USD P F   .73500 IS20V36 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   5230000 | OU      | $1088529.89   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                                                                                            | CUSIP: 452152P88<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3190000 | PA      | $3250499.95   | 1.02%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sparks NV                                                               | SPARKS NV TOURISM IMPT DIST #1 REVENUE                                                                                                 | CUSIP: 846562AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $374857.85    | 0.12%             | 2028-06-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                | Fannie Mae Connecticut Avenue Securities                                                                                               | CUSIP: 30711XAM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28920 | PA      | $28919.89     | 0.01%             | 2024-07-25      | Floating      | 7.29%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                                                                                          | CUSIP: 13063DWF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4987220.00   | 1.56%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                             | Long: IS1FYY4   IRS USD R V 12MUSCPI IS1FYZ5 INFLATIONZERO / Short: IS1FYY4   IRS USD P F  2.15800 IS1FYY4 INFLATIONZERO               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              |  | US        |   5000000 | OU      | $617153.40    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                          | OHIO ST AIR QUALITY DEV AUTH EXEMPT FACS REVENUE                                                                                       | CUSIP: 67754AAC8<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    655000 | PA      | $639719.37    | 0.20%             | 2028-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                                                                                             | CUSIP: 74442PMP7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    235000 | PA      | $236335.15    | 0.07%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292AQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $740246.17    | 0.23%             | 2046-12-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS249D4   IRS USD R V 12MUSCPI IS249E5 CCPINFLATIONZERO / Short: BS249D4   IRS USD P F  1.73100 IS249D4 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    240000 | OU      | $35812.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102321.28    | 0.03%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | PURCHASED USD / SOLD NZD                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $1758.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | PURCHASED NOK / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | NO        |         1 | NC      | $9451.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                                                                                                         | CUSIP: 91412HAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2157837.34   | 0.68%             | 2024-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Roseville CA                                                            | ROSEVILLE CA SPL TAX                                                                                                                   | CUSIP: 777870WD4<br>LEI: 549300OH100KESVPND17 | Long             | DBT              | MUN               | US        |    305000 | PA      | $318481.55    | 0.10%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                              | CUSIP: 544445J83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $230634.00    | 0.07%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                             | CALIFORNIA PUBLIC FIN AUTH REVENUE                                                                                                     | CUSIP: 13057EDH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060584.60   | 0.33%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | United States Treasury Note/Bond                                                                                                       | CUSIP: 912828U57<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200000 | PA      | $195343.75    | 0.06%             | 2023-11-30      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | Long: IS19KI2   IRS USD R V 03MLIBOR IS19KJ3 CPILV506024 / Short: IS19KI2   IRS USD P F  1.90000 IS19KI2 CPILV506024                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |   7000000 | OU      | $858885.23    | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                                | Long: IS0XPM4   IRS USD R V 12MLIBOR IS0XPN5 CPILV503714 / Short: IS0XPM4   IRS USD P F  1.81750 IS0XPM4 CPILV503714                   | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DIR              |  | US        |   4000000 | OU      | $502248.84    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | RIVER ISLANDS CA PUBLIC FING AUTH SPL TAX                                                                                              | CUSIP: 76827QHC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969509.40    | 0.30%             | 2037-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                               | GUAM INTERNATIONAL ARPT AUTH                                                                                                           | CUSIP: 40064REE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $176714.66    | 0.06%             | 2027-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                               | Long: IS0QGN1   IRS USD R V 12MLIBOR IS0QGO2 CPI SWAP 10212014 06 / Short: IS0QGN1   IRS USD P F  2.38800 IS0QGN1 CPI SWAP 10212014 06 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |   1000000 | OU      | $48463.71     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292BP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $980011.25    | 0.31%             | 2047-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT                                                                                                                              | CUSIP: 40065BCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $89467.28     | 0.03%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2CQK4   IRS USD R F  3.72000 IS2CQK4 CCPINFLATIONZERO / Short: SS2CQK4   IRS USD P V 12MUSCPI IS2CQL5 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   3780000 | OU      | $-107221.40   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS23W54   IRS USD R V 12MUSCPI IS23W65 CCPINFLATIONZERO / Short: BS23W54   IRS USD P F  1.58700 IS23W54 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1575000 | OU      | $255459.24    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                               | EURO STOXX 50 MAR23                                                                                                                    | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       261 | NC      | $-444632.15   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America N.A.                                                            | PURCHASED USD / SOLD GBP                                                                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-49763.06    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                                                                                           | CUSIP: 544647ED8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2725000 | PA      | $2753349.81   | 0.86%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp                                               | MISSION TX ECON DEV CORP REVENUE                                                                                                       | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $971602.22    | 0.30%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                                                                                             | CUSIP: 13068XAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4715000 | PA      | $4774187.40   | 1.50%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peralta Community College District                                              | PERALTA CA CMNTY CLG DIST                                                                                                              | CUSIP: 713575US5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5855000 | PA      | $6047223.75   | 1.90%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily                                                         | Freddie Mac Multifamily ML Certificates                                                                                                | CUSIP: 35833JAK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1255496 | PA      | $937239.70    | 0.29%             | 2038-01-25      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS23XF1   IRS USD R V 12MUSCPI IS23XG2 CCPINFLATIONZERO / Short: BS23XF1   IRS USD P F  1.57200 IS23XF1 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1575000 | OU      | $257573.42    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                                                                                          | CUSIP: 13063CSC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2189040.91   | 0.69%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                                                                                             | CUSIP: 74442PML6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100295.80    | 0.03%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Association of Governments                                            | SAN DIEGO ASSN OF GOVTS CA CAPITAL GRANT RECEIPTS REVENUE                                                                              | CUSIP: 797258AE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1390542.90   | 0.44%             | 2027-11-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | PURCHASED EUR / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | XX        |         1 | NC      | $1709.10      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                          | US 2YR NOTE (CBT) MAR23                                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        24 | NC      | $6149.93      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| City & County of San Francisco CA                                               | SAN FRANCISCO CITY & CNTY CA COPS                                                                                                      | CUSIP: 79765DP20<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |   4175000 | PA      | $4242728.52   | 1.33%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                                              | PURCHASED USD / SOLD CAD                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-5865.58     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Irvine Unified School District                                                  | IRVINE CA UNIF SCH DIST SPL TAX                                                                                                        | CUSIP: 463612HN4<br>LEI: 549300BNIP4XNVC0X742 | Long             | DBT              | MUN               | US        |    925000 | PA      | $933155.63    | 0.29%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento County Sanitation Districts Financing Authority                      | SACRAMENTO CNTY CA SANTN DISTS FING AUTH REVENUE                                                                                       | CUSIP: 786134UR5<br>LEI: 549300MSDPX3EYMUYV38 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2068448.60   | 0.65%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT LTD OBLG REVENUE                                                                                                             | CUSIP: 40065HDQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $211563.16    | 0.07%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Romoland School District                                                        | ROMOLAND CA SCH DIST SPL TAX                                                                                                           | CUSIP: 776192NH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302586.48    | 0.09%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Water Authority                                                | SAN DIEGO CNTY CA WTR AUTH                                                                                                             | CUSIP: 797412DD2<br>LEI: 549300Y0QN5OFKA1G520 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057054.20   | 0.33%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse International                                                     | Long: IS1PDS1   CDS USD R F  3.00000 IS1PDS1 CMBX / Short: IS1PDS1   CDS USD P V 01MEVENT IS1PDT2 CMBX                                 | CUSIP: 000000000<br>LEI: E58DKGMJYYYJLN8C3868 | N/A              | DCR              |  | GB        |      5069 | OU      | $-1239.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS2BFX7   IRS USD R V 12MUSCPI IS2BFY8 CCPINFLATIONZERO / Short: BS2BFX7   IRS USD P F  2.78200 IS2BFX7 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1300000 | OU      | $80009.93     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                                                                                             | CUSIP: 74442PMR3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    135000 | PA      | $135323.49    | 0.04%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                                          | iShares Core MSCI Emerging Markets ETF                                                                                                 | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             | EC               | RF                | US        |    278526 | NS      | $13007164.20  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                                                          | AL31405 ALLIANCE                                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |      2330 | NC      | $216120.04    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $791820.11    | 0.25%             | 2041-08-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292BE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $757302.00    | 0.24%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | CALIFORNIA ST POLL CONTROL FING AUTH WTR FURNISHING REVENUE                                                                            | CUSIP: 13054WAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $458577.05    | 0.14%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                        | PURCHASED CAD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | CA        |         1 | NC      | $1198.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Saugus/Hart School Facilities Financing Authority                               | SAUGUS/HART CA SCH FACS FING AUTH SPL TAX                                                                                              | CUSIP: 804208CD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $781265.63    | 0.25%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regents of the University of California Medical Center Pooled Revenue           | UNIV OF CALIFORNIA CA RGTS MED CENTER POOLED REVENUE                                                                                   | CUSIP: 913366KM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3337259.40   | 1.05%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HTA TRRB Custodial Trust                                                        | HTA TRRB 2005L-745190UR7 ASSURED CUSTODIAL TRUST                                                                                       | CUSIP: 40444FAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $188534.74    | 0.06%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                        | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                            | CUSIP: 38122ND74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $231700.25    | 0.07%             | 2031-06-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                                                            | PURCHASED USD / SOLD GBP                                                                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $3083.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292AN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $749131.10    | 0.23%             | 2045-07-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    130000 | PA      | $112717.76    | 0.04%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2EQS8   IRS USD R F  3.73500 IS2EQS8 CCPINFLATIONZERO / Short: SS2EQS8   IRS USD P V 12MUSCPI IS2EQT9 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1720000 | OU      | $16812.67     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | PURCHASED GBP / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |         1 | NC      | $3826.97      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                     | Long: IS1PBC1   CDS USD R F  3.00000 IS1PBC1 CMBX / Short: IS1PBC1   CDS USD P V 01MEVENT IS1PBD2 CMBX                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | GB        |     30412 | OU      | $-7439.38     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                        | PURCHASED NZD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | NZ        |         1 | NC      | $51930.88     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                                                                                          | CUSIP: 13063CYC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5778211.98   | 1.81%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                                                                                            | CUSIP: 452152XU0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2192828.48   | 0.69%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                     | S+P500 EMINI FUT MAR23                                                                                                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        69 | NC      | $-454874.33   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                               | CUSIP: 40065NBW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $360520.97    | 0.11%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS281O1   IRS USD R V 12MUSCPI IS281P2 CCPINFLATIONZERO / Short: BS281O1   IRS USD P F  2.56500 IS281O1 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1420000 | OU      | $124128.15    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| California School Finance Authority                                             | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                                                                                            | CUSIP: 13058TBQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $530203.63    | 0.17%             | 2028-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                    | CUSIP: 13048TWY5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064316.30   | 0.33%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                          | CALIFORNIA ST MUNI FIN AUTH SPL FAC REVENUE                                                                                            | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2083548.08   | 0.65%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                         | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                              | CUSIP: 837151YS2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1882199.60   | 0.59%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                                      | CUSIP: 74529JQB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $289173.83    | 0.09%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vanguard Mid-Cap ETF                                                            | Vanguard Mid-Cap ETF                                                                                                                   | CUSIP: 922908629<br>LEI: F7RXEPKL33W3OZ8V3S02 | Long             | EC               | RF                | US        |     19951 | NS      | $4066213.31   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                        | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                                  | CUSIP: 592250CR3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1440081.86   | 0.45%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                        | PURCHASED USD / SOLD EUR                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-12958.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                        | PURCHASED USD / SOLD SEK                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-5511.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                                                                                             | CUSIP: 13068LMY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4375000 | PA      | $4542880.13   | 1.42%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                                                                                           | CUSIP: 45204E6M5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100479.39    | 0.03%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                              | CUSIP: 544445K40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1659531.35   | 0.52%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292BF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $769623.10    | 0.24%             | 2047-04-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Stockton Redevelopment Agency Successor Agency                                  | STOCKTON CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION                                                                                     | CUSIP: 861403AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1997601.67   | 0.63%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                                                            | PURCHASED AUD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | AU        |         1 | NC      | $-9240.56     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                               | GUAM INTERNATIONAL ARPT AUTH                                                                                                           | CUSIP: 40064REJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $98730.55     | 0.03%             | 2031-10-01      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                               | CUSIP: 40065NBU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $423263.99    | 0.13%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT LTD OBLG REVENUE                                                                                                             | CUSIP: 40065HDM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $145254.17    | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                                                                                             | CUSIP: 13077C3Y8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068532.30   | 0.34%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2APJ0   IRS USD R F  2.72150 IS2APJ0 CCPINFLATIONZERO / Short: SS2APJ0   IRS USD P V 12MUSCPI IS2APK1 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    600000 | OU      | $-36637.12    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Coronado Community Development Agency Successor Agency                          | CORONADO CA CMNTY DEV AGY SUCCESSOR AGY TAX ALLOCATION                                                                                 | CUSIP: 21977AAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2657486.66   | 0.83%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                              | CUSIP: 544445GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2890000 | PA      | $3035471.91   | 0.95%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of San Diego CA                                                          | SAN DIEGO CNTY CA COPS                                                                                                                 | CUSIP: 797391Z77<br>LEI: 254900MKIGRAYVDUZ926 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1303874.88   | 0.41%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                                                                                             | CUSIP: 13077DMP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $329673.08    | 0.10%             | 2028-11-01      | Fixed         | 1.49%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                                                                                   | CUSIP: 13034AV56<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2495176.75   | 0.78%             | 2050-01-01      | Floating      | 0.85%                 | No            |                  2 | On Loan: No      |
| County of San Diego CA                                                          | SAN DIEGO CNTY CA COPS                                                                                                                 | CUSIP: 797391Z85<br>LEI: 254900MKIGRAYVDUZ926 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1355566.94   | 0.43%             | 2028-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                                                                                                | CUSIP: 13080SMJ0<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970013.90    | 0.30%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                               | CUSIP: 79766DGB9<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1806904.18   | 0.57%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                              | CUSIP: 544445NK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $520605.31    | 0.16%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                                                             | SPI 200 FUTURES MAR23                                                                                                                  | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DE               |  | AU        |        -3 | NC      | $8030.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                                        | Long: IS1FYQ6   IRS USD R V 12MUSCPI IS1FYR7 INFLATIONZERO / Short: IS1FYQ6   IRS USD P F  1.99500 IS1FYQ6 INFLATIONZERO               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   5000000 | OU      | $560703.65    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Suisse International                                                     | Long: IS1NQY2   CDS USD R F  3.00000 IS1NQY2 CMBX / Short: IS1NQY2   CDS USD P V 01MEVENT IS1NQZ3 CMBX                                 | CUSIP: 000000000<br>LEI: E58DKGMJYYYJLN8C3868 | N/A              | DCR              |  | GB        |    161566 | OU      | $-39521.70    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                                              | PURCHASED USD / SOLD AUD                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-72967.26    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Long: SELS86437 TRS CHF R E SELS86437/ZERO RATE / Short: SELS86437 TRS CHF P F   .00000 SELS86437/SMH3                                 | CUSIP: 000000000<br>LEI: IGJSJL3JD5P30I6NJZ34 | N/A              | DE               |  | CH        |   1985804 | OU      | $-73243.13    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                                          | PURCHASED USD / SOLD NZD                                                                                                               | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |         1 | NC      | $-20889.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    555000 | PA      | $300011.13    | 0.09%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                              | DETROIT MI                                                                                                                             | CUSIP: 2510933J7<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    600000 | PA      | $618199.80    | 0.19%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                     | E-MINI RUSS 2000 MAR23                                                                                                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        35 | NC      | $-115282.66   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                                        | PURCHASED USD / SOLD CAD                                                                                                               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $1248.74      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                          | CALIFORNIA ST STWD CMNTYS DEV AUTH HOSP REVENUE                                                                                        | CUSIP: 13081KAJ9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2915000 | PA      | $3105059.46   | 0.97%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                                   | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                                                                                            | CUSIP: 02936TAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $252657.08    | 0.08%             | 2028-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                                              | PURCHASED USD / SOLD GBP                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-3433.24     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                           | CSCDA CMNTY IMPT AUTH CA ESSENTIAL HSG REVENUE                                                                                         | CUSIP: 126292BL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $807137.20    | 0.25%             | 2047-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Tobacco Securitization Authority of Southern California                         | TOBACCO SECURITIZATION AUTH STHRN CA TOBACCO SETTLEMENT REVE                                                                           | CUSIP: 888804CF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $1019126.40   | 0.32%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                        | PURCHASED USD / SOLD JPY                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-29389.05    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Howard Bend Levee District                                                      | HOWARD BEND MO LEVEE DIST                                                                                                              | CUSIP: 442499CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101854.82    | 0.03%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    255000 | PA      | $256922.24    | 0.08%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS2CZ96   IRS USD R V 12MUSCPI IS2CZA7 CCPINFLATIONZERO / Short: BS2CZ96   IRS USD P F  2.98850 IS2CZ96 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1030000 | OU      | $42747.17     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                                                                                             | CUSIP: 13077DAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100191.00   | 0.35%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                               | CUSIP: 544532BA1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    365000 | PA      | $412267.03    | 0.13%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Islands Public Financing Authority                                        | RIVER ISLANDS CA PUBLIC FING AUTH SPL TAX                                                                                              | CUSIP: 76827QHD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002147.00   | 0.31%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                        | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                            | CUSIP: 38122NA77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $916641.00    | 0.29%             | 2025-06-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| HTA HRRB Custodial Trust                                                        | HTA HRRB 2007CC-745181F85 ASSURED CUSTODIAL TRUST                                                                                      | CUSIP: 40443JAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $112240.77    | 0.04%             | 2031-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | PURCHASED CAD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | CA        |         1 | NC      | $-22642.30    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** BERNSTEIN SANFORD C FUND INC

**Signature:** Joseph Mantineo

**Name of Signer:** Joseph Mantineo

**Title:** Treasurer and Chief Financial Officer