# EDGAR Filing Document

**Accession Number:** 0000886244
**File Stem:** 0001752724-25-205189
**Filing Date:** 2025-8
**Character Count:** 131506
**Document Hash:** f8a77548cf75ecb5c824f76ae403d53f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-205189.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-205189

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UBS FUNDS
- **CENTRAL INDEX KEY:** 0000886244

**ORGANIZATION NAME:**
- **EIN:** 367056204
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06637
- **FILM NUMBER:** 251255730

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC
- **STREET 2:** ONE NORTH WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 312-525-7100

**MAIL ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) INC
- **STREET 2:** ONE NORTH WACKER DR.
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BRINSON FUNDS INC
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### UBS GLOBAL ALLOCATION FUND (Series ID: S000002979)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000008182 | CLASS A      | BNGLX           |
| C000008185 | CLASS P      | BPGLX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** UBS FUNDS

- **b. Investment Company Act file number:** 811-06637

- **c. CIK number of Registrant:** 0000886244

- **d. LEI of Registrant:** 549300N85N4CCOEZQJ49

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

  - **Street Address 1:** ONE NORTH WACKER DR.

  - **City:** CHICAGO

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-525-7100

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

- **a. Name of Series:** UBS GLOBAL ALLOCATION FUND

- **b. EDGAR series identifier (if any):** S000002979

- **c. LEI of Series:** 549300BJHWLZT9BPJI53

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $160775986.10

**Total Liabilities:** $14377853.83

**Net Assets:** $146398132.27

**Cash Not Reported:** $6159822.34

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -61.50000000 | **1-Year:** -1270.46000000 | **5-Year:** -4854.73000000 | **10-Year:** -2823.67000000 | **30-Year:** -3.00000000

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

- **3-Month:** -0.22000000 | **1-Year:** -3.03000000 | **5-Year:** 736.20000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000008182 | 0.35%                | 2.65%                | 4.22%                |
| Class ID C000008185 | 0.43%                | 2.64%                | 4.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-504040.34              | $1178405.45                                |
| Month 2  | $418546.04               | $2991198.15                                |
| Month 3  | $1340652.14              | $2959522.46                                |

**Designated Index Information**

- **Index Name:** 60% MSCI AC WORLD (FX) 40% CITI WGBI (FXHedged)

- **Index Identifier:** 60% MSCI AC WORLD (FX) 40% CITI WGBI (FXHedged)

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| French Republic Government Bonds OAT                   | French Republic Government Bonds OAT                                          | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     75000 | PA      | $72691.16     | 0.05%             | 2032-05-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DSW24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    222088 | PA      | $213058.79    | 0.15%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Universal Music Group NV                               | Universal Music Group NV                                                      | CUSIP: 000000000<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |      5229 | NS      | $169263.17    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| United States Treasury                                 | U.S. Treasury Bonds                                                           | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    133000 | PA      | $63881.56     | 0.04%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased USD / Sold CAD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-2269.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                            | Purchased EUR / Sold USD                                                      | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | XX        |         1 | NC      | $420730.81    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                    | LVMH Moet Hennessy Louis Vuitton SE                                           | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |       196 | NS      | $102648.50    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bonds                                                           | CUSIP: 912810RY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     78000 | PA      | $55593.28     | 0.04%             | 2047-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc                                         | Salesforce, Inc.                                                              | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       414 | NS      | $112893.66    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                          | Dynatrace, Inc.                                                               | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |      5151 | NS      | $284386.71    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares J.P. Morgan USD Emerging Markets Bond ETF      | iShares J.P. Morgan USD Emerging Markets Bond ETF                             | CUSIP: 464288281<br>LEI: 54930070R8WH6MNUJG74 | Long             | EC               | RF                | US        |     49613 | NS      | $4595156.06   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank PLC                                          | Purchased INR / Sold USD                                                      | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | IN        |         1 | NC      | $-3432.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWC35<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    106229 | PA      | $92442.04     | 0.06%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                              | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F032674<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    225000 | PA      | $202577.63    | 0.14%             | 2054-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Japan Government Twenty Year Bonds                     | Japan Government Twenty Year Bonds                                            | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  20000000 | PA      | $123192.94    | 0.08%             | 2036-03-20      | Fixed         | 0.40%                 | No            |                  2 | On Loan: No      |
| ITOCHU Corp                                            | ITOCHU Corp.                                                                  | CUSIP: 000000000<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |      2600 | NS      | $136423.04    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 3140XLG77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    207318 | PA      | $175425.63    | 0.12%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Blackrock Inc                                          | Blackrock, Inc.                                                               | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       345 | NS      | $361991.25    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased USD / Sold GBP                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-2427.11     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| New Zealand Government Bonds                           | New Zealand Government Bonds                                                  | CUSIP: 000000000<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | NUSS              | NZ        |     80000 | PA      | $40114.23     | 0.03%             | 2037-04-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 3140XGTV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    355240 | PA      | $335572.41    | 0.23%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Welltower Inc                                          | Welltower, Inc.                                                               | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |      1231 | NS      | $189241.63    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Chugai Pharmaceutical Co Ltd                           | Chugai Pharmaceutical Co. Ltd.                                                | CUSIP: 000000000<br>LEI: 529900T9LAII161DCN95 | Long             | EC               | CORP              | JP        |      1900 | NS      | $99284.75     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                             | Chipotle Mexican Grill, Inc.                                                  | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6271 | NS      | $352116.65    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                                   | Progressive Corp.                                                             | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |       813 | NS      | $216957.18    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                                         | Atlassian Corp.                                                               | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |       234 | NS      | $47523.06     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Australia Government Bonds                             | Australia Government Bonds                                                    | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |    140000 | PA      | $87716.42     | 0.06%             | 2034-12-21      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased EUR / Sold USD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $11951.77     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                        | BAE Systems PLC                                                               | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |      4407 | NS      | $114119.43    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                            | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DMYS8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    281909 | PA      | $212323.74    | 0.15%             | 2051-10-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                 | UnitedHealth Group, Inc.                                                      | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       704 | NS      | $219626.88    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                        | ASML Holding NV                                                               | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       249 | NS      | $198746.66    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                        | Philip Morris International, Inc.                                             | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      1933 | NS      | $352057.29    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc                          | Advanced Drainage Systems, Inc.                                               | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |      1877 | NS      | $215592.22    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC                           | British American Tobacco PLC                                                  | CUSIP: 000000000<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      4474 | NS      | $212670.96    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 3140W2AA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    173431 | PA      | $138328.11    | 0.09%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                       | Wells Fargo & Co.                                                             | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |      5498 | NS      | $440499.76    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bills                                                           | CUSIP: 912797PX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    100000 | PA      | $99074.27     | 0.07%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                                     | NextEra Energy, Inc.                                                          | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      7227 | NS      | $501698.34    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 3140MHS91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    305878 | PA      | $269324.76    | 0.18%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                             | U.K. Gilts                                                                    | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    137000 | PA      | $82254.38     | 0.06%             | 2051-07-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Zscaler Inc                                            | Zscaler, Inc.                                                                 | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      1242 | NS      | $389913.48    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Bundesrepublik Deutschland Bundesanleihe               | Bundesrepublik Deutschland Bundesanleihe                                      | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |     58000 | PA      | $63568.58     | 0.04%             | 2044-07-04      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association                                      | CUSIP: 36179RVA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     67794 | PA      | $60795.12     | 0.04%             | 2045-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                      | Italy Buoni Poliennali Del Tesoro                                             | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     45000 | PA      | $55446.14     | 0.04%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tourmaline Oil Corp                                    | Tourmaline Oil Corp.                                                          | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |      2231 | NS      | $107638.48    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| JAPAN GOVT CPI LINKED                                  | Japan Government CPI-Linked Bonds                                             | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  32446070 | PA      | $240187.50    | 0.16%             | 2031-03-10      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                                | Flagstar Mortgage Trust                                                       | CUSIP: 33849NAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     32845 | PA      | $30989.26     | 0.02%             | 2048-09-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                           | Thermo Fisher Scientific, Inc.                                                | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       192 | NS      | $77848.32     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                  | Wells Fargo Commercial Mortgage Trust                                         | CUSIP: 95001NBB3<br>LEI: 5493006021R83VCLAO08 | Long             | ABS-MBS          | CORP              | US        |    130000 | PA      | $126955.92    | 0.09%             | 2051-06-15      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association                                      | CUSIP: 36179VDP2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    177924 | PA      | $163800.46    | 0.11%             | 2050-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                           | CUSIP: 912828YU8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    198000 | PA      | $191967.19    | 0.13%             | 2026-11-30      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                               | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $418777.67    | 0.29%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                          | Purchased USD / Sold KRW                                                      | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |         1 | NC      | $-204.55      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Sony Group Corp                                        | Sony Group Corp.                                                              | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |      9100 | NS      | $235707.09    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                               | NIKE, Inc.                                                                    | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      1990 | NS      | $141369.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Spain Government Bonds                                 | Spain Government Bonds                                                        | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     41000 | PA      | $47933.37     | 0.03%             | 2027-04-30      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| iShares MSCI Global Silver and Metals Miners ETF       | iShares MSCI Global Silver & Metals Miners ETF                                | CUSIP: 464286327<br>LEI: 549300VTT81KG1MIFJ25 | Long             | EC               | RF                | US        |     80130 | NS      | $1427115.30   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| French Republic Government Bonds OAT                   | French Republic Government Bonds OAT                                          | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     68000 | PA      | $51427.66     | 0.04%             | 2040-05-25      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Ltd.           | Future                                                                        | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DIR              |  | SG        |       -18 | NC      | $-4536.93     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                           | State Street Navigator Securities Lending Government Money Market Portfolio   | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   4136284 | NS      | $4136283.90   | 2.83%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased JPY / Sold USD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | JP        |         1 | NC      | $-3450.68     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Micron Technology Inc                                  | Micron Technology, Inc.                                                       | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      2060 | NS      | $253895.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UMBS, TBA                                              | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F052672<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    600000 | PA      | $599975.40    | 0.41%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                           | CUSIP: 91282CCS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     70000 | PA      | $59882.81     | 0.04%             | 2031-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                                   | Williams Cos., Inc.                                                           | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      5922 | NS      | $371960.82    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| HubSpot Inc                                            | HubSpot, Inc.                                                                 | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       394 | NS      | $219312.22    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased CNY / Sold USD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CN        |         1 | NC      | $200.78       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                 | Santander Drive Auto Receivables Trust                                        | CUSIP: 802919AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    124645 | PA      | $124770.34    | 0.09%             | 2027-07-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                                     | Deutsche Boerse AG                                                            | CUSIP: 000000000<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |       343 | NS      | $111877.87    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                      | Future                                                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       374 | NC      | $38421.11     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                            | Purchased USD / Sold CNH                                                      | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-4349.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cooper Cos Inc/The                                     | Cooper Cos., Inc.                                                             | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |      4769 | NS      | $339362.04    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                                  | Spotify Technology SA                                                         | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       351 | NS      | $269336.34    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal             | Future                                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |      -139 | NC      | $-29313.37    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp                                     | First Horizon Corp.                                                           | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |     14420 | NS      | $305704.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association                                      | CUSIP: 36179XFK7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    303597 | PA      | $305862.91    | 0.21%             | 2052-09-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association                                      | CUSIP: 36179RQZ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     58949 | PA      | $52863.37     | 0.04%             | 2045-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133AYLJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    380072 | PA      | $301925.38    | 0.21%             | 2051-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 3140QEPQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    396136 | PA      | $350017.20    | 0.24%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 31418DKQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    546188 | PA      | $459121.29    | 0.31%             | 2050-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bundesrepublik Deutschland Bundesanleihe               | Bundesrepublik Deutschland Bundesanleihe                                      | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |     94000 | PA      | $103732.05    | 0.07%             | 2028-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                            | Future                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        63 | NC      | $518666.40    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| BELGIUM KINGDOM                                        | Kingdom of Belgium Government Bonds                                           | CUSIP: 000000000<br>LEI: 549300SZ25JZFHRHWD76 | Long             | DBT              | NUSS              | BE        |     43000 | PA      | $50812.68     | 0.03%             | 2045-06-22      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc                             | Advanced Micro Devices, Inc.                                                  | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      1863 | NS      | $264359.70    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                            | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DMVD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    172024 | PA      | $146622.58    | 0.10%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Gates Industrial Corp PLC                              | Gates Industrial Corp. PLC                                                    | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |      7721 | NS      | $177814.63    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                                    | Vulcan Materials Co.                                                          | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |       979 | NS      | $255342.78    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                           | Alphabet, Inc.                                                                | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      5775 | NS      | $1017728.25   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                           | CUSIP: 91282CBT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     64000 | PA      | $62574.05     | 0.04%             | 2026-03-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Prologis Inc                                           | Prologis, Inc.                                                                | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |      2487 | NS      | $261433.44    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Oak Hill Credit                                        | OHA Credit Partners XV Ltd.                                                   | CUSIP: 67707BAT7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250941.25    | 0.17%             | 2037-04-20      | Floating      | 8.77%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                 | Santander Drive Auto Receivables Trust                                        | CUSIP: 80287GAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    255000 | PA      | $256430.50    | 0.18%             | 2030-05-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Legal & General Group PLC                              | Legal & General Group PLC                                                     | CUSIP: 000000000<br>LEI: 213800JH9QQWHLO99821 | Long             | EC               | CORP              | GB        |     42811 | NS      | $149614.44    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                                 | Boston Scientific Corp.                                                       | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      2652 | NS      | $284851.32    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp                                          | Westlake Corp.                                                                | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |      2124 | NS      | $161275.32    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Daimler Truck Holding AG                               | Daimler Truck Holding AG                                                      | CUSIP: 000000000<br>LEI: 529900PW78JIYOUBSR24 | Long             | EC               | CORP              | DE        |      3140 | NS      | $148579.39    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Emerging Markets Equity Opportunity Fund           | UBS Emerging Markets Equity Opportunity Fund                                  | CUSIP: 90267D746<br>LEI: 549300G1CKU0JOAO1N69 | Long             | EC               | RF                | US        |    750446 | NS      | $6611427.74   | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| UMBS, TBA                                              | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F040677<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    275000 | PA      | $255717.00    | 0.17%             | 2054-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO G & E                                        | San Diego Gas & Electric Co.                                                  | CUSIP: 797440CG7<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |    550000 | PA      | $561608.88    | 0.38%             | 2035-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                           | CUSIP: 91282CCH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    277000 | PA      | $257880.51    | 0.18%             | 2028-06-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bills                                                           | CUSIP: 912797PZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    550000 | PA      | $549547.38    | 0.38%             | 2025-07-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                      | Italy Buoni Poliennali Del Tesoro                                             | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     71000 | PA      | $74242.34     | 0.05%             | 2031-12-01      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                             | U.K. Gilts                                                                    | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     19000 | PA      | $20780.82     | 0.01%             | 2045-01-22      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 3140QQL94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    525162 | PA      | $503730.52    | 0.34%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                 | Pacific Gas & Electric Co.                                                    | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    750000 | PA      | $732017.18    | 0.50%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Gerdau SA                                              | Gerdau SA                                                                     | CUSIP: 373737105<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EC               | CORP              | BR        |     20968 | NS      | $61226.56     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HPEFS Equipment Trust                                  | HPEFS Equipment Trust                                                         | CUSIP: 403963AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251142.30    | 0.17%             | 2031-05-20      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Koninklijke Philips NV                                 | Koninklijke Philips NV                                                        | CUSIP: 000000000<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | EC               | CORP              | NL        |      6894 | NS      | $165745.36    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Italy Buoni Poliennali Del Tesoro                      | Italy Buoni Poliennali Del Tesoro                                             | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     30000 | PA      | $32653.50     | 0.02%             | 2032-03-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                               | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    187000 | PA      | $186986.30    | 0.13%             | 2025-07-23      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| NEW ZEALAND GVT ILB                                    | New Zealand Government Bonds Inflation-Linked                                 | CUSIP: 000000000<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | NUSS              | NZ        |    814649 | PA      | $497788.28    | 0.34%             | 2025-09-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                         | Microsoft Corp.                                                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      5819 | NS      | $2894428.79   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust     | GM Financial Consumer Automobile Receivables Trust                            | CUSIP: 38013JAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    175000 | PA      | $176931.88    | 0.12%             | 2028-10-16      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                                    | Future                                                                        | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |        83 | NC      | $40606.58     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                            | Oracle Corp.                                                                  | CUSIP: 68389XCJ2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    750000 | PA      | $811618.31    | 0.55%             | 2032-11-09      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                           | CUSIP: 91282CCY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     91000 | PA      | $84192.77     | 0.06%             | 2028-09-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp                                     | Regal Rexnord Corp.                                                           | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      1627 | NS      | $235849.92    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased USD / Sold THB                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-9748.36     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                            | Future                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        62 | NC      | $111479.10    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                           | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    120000 | PA      | $118171.87    | 0.08%             | 2033-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Aptiv PLC                                              | Aptiv PLC                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |      5455 | NS      | $372140.10    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                           | CUSIP: 91282CAE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    384000 | PA      | $327495.00    | 0.22%             | 2030-08-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| Canada Government Bonds                                | Canada Government Bonds                                                       | CUSIP: 135087WL4<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |     61000 | PA      | $49715.62     | 0.03%             | 2029-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                            | NVIDIA Corp.                                                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     17667 | NS      | $2791209.33   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc                     | Johnson Controls International PLC                                            | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |      2806 | NS      | $296369.72    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc                      | Take-Two Interactive Software, Inc.                                           | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      2622 | NS      | $636752.70    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                                   | Waste Management, Inc.                                                        | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      1054 | NS      | $241176.28    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MICRON TECHNOLOGY INC                                  | Micron Technology, Inc.                                                       | CUSIP: 595112CG6<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    550000 | PA      | $571714.50    | 0.39%             | 2032-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                   | Bank of America Corp.                                                         | CUSIP: 06051GKA6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1263564.32   | 0.86%             | 2032-07-21      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                           | CUSIP: 91282CBS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     24000 | PA      | $22472.81     | 0.02%             | 2028-03-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                               | Discovery Communications LLC                                                  | CUSIP: 25470DBJ7<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1012125.00   | 0.69%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Spain Government Bonds                                 | Spain Government Bonds                                                        | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     10000 | PA      | $10297.31     | 0.01%             | 2066-07-30      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| New Zealand Government Bonds                           | New Zealand Government Bonds                                                  | CUSIP: 000000000<br>LEI: 549300237GPHG2AI7C34 | Long             | DBT              | NUSS              | NZ        |    260000 | PA      | $154587.44    | 0.11%             | 2029-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                 | Canadian Imperial Bank of Commerce                                            | CUSIP: 13607H6M9<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $399693.46    | 0.27%             | 2025-08-04      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| Australia Government Bonds                             | Australia Government Bonds                                                    | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |    189000 | PA      | $123991.10    | 0.08%             | 2029-04-21      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Walt Disney Co/The                                     | Walt Disney Co.                                                               | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      2479 | NS      | $307420.79    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                               | Marsh & McLennan Cos., Inc.                                                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      1045 | NS      | $228478.80    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                            | Walmart, Inc.                                                                 | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      7108 | NS      | $695020.24    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                           | CUSIP: 91282CBL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    450000 | PA      | $389355.47    | 0.27%             | 2031-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| French Republic Government Bonds OAT                   | French Republic Government Bonds OAT                                          | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     36000 | PA      | $39287.00     | 0.03%             | 2045-05-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Lyft Inc                                               | Lyft, Inc.                                                                    | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |     11498 | NS      | $181208.48    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UMBS, TBA                                              | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F060675<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $508165.00    | 0.35%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased USD / Sold CAD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-14.33       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association                                      | CUSIP: 36179WLP1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    469632 | PA      | $399495.89    | 0.27%             | 2051-08-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp                                       | Exxon Mobil Corp.                                                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      1249 | NS      | $134642.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe - Financial Products Division       | Future                                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |       -53 | NC      | $59038.91     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                                 | Future                                                                        | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        95 | NC      | $151884.27    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Spain Government Bonds                                 | Spain Government Bonds                                                        | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     16000 | PA      | $20396.98     | 0.01%             | 2037-01-31      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Nestle SA                                              | Nestle SA                                                                     | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      1345 | NS      | $133627.01    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe - Financial Products Division       | Future                                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |       126 | NC      | $172105.10    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CAL EDISON                                    | Southern California Edison Co.                                                | CUSIP: 842400HS5<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    630000 | PA      | $645539.69    | 0.44%             | 2027-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Canada Government Bonds                                | Canada Government Bonds                                                       | CUSIP: 135087Q98<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |    112000 | PA      | $85814.17     | 0.06%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Keyence Corp                                           | Keyence Corp.                                                                 | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |       300 | NS      | $120495.82    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                                      | Purchased CHF / Sold GBP                                                      | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | CH        |         1 | NC      | $20755.93     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased USD / Sold GBP                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-33396.22    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                 | Marvell Technology, Inc.                                                      | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3912 | NS      | $302788.80    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased JPY / Sold USD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | JP        |         1 | NC      | $3927.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust              | SFS Auto Receivables Securitization Trust                                     | CUSIP: 78435VAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7426 | PA      | $7429.94      | 0.01%             | 2027-06-21      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Australia Government Bonds                             | Australia Government Bonds                                                    | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |    137000 | PA      | $88082.83     | 0.06%             | 2034-05-21      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Finland Government Bonds                               | Finland Government Bonds                                                      | CUSIP: 000000000<br>LEI: 743700M6Y2OQRVSBRD14 | Long             | DBT              | NUSS              | FI        |     20000 | PA      | $16019.20     | 0.01%             | 2047-04-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Inc                                 | Berkshire Hathaway, Inc.                                                      | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      1248 | NS      | $606240.96    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| HPEFS Equipment Trust                                  | HPEFS Equipment Trust                                                         | CUSIP: 40443DAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100134.48    | 0.07%             | 2028-04-20      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| First Citizens BancShares Inc/NC                       | First Citizens BancShares, Inc.                                               | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       129 | NS      | $252384.63    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                                    | TransDigm Group, Inc.                                                         | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       219 | NS      | $333020.16    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bundesrepublik Deutschland Bundesanleihe               | Bundesrepublik Deutschland Bundesanleihe                                      | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |     17000 | PA      | $19537.47     | 0.01%             | 2034-02-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| OBIC Business Consultants Co Ltd                       | OBIC Business Consultants Co. Ltd.                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2300 | NS      | $136350.13    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Bloomberg Emerging Markets Local Bond ETF         | SPDR Bloomberg Emerging Markets Local Bond ETF                                | CUSIP: 78464A391<br>LEI: 549300UZIXAGB0EPMT96 | Long             | EC               | RF                | US        |    274954 | NS      | $5884015.60   | 4.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Chicago Mercantile Exchange                            | Future                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       -28 | NC      | $-69930.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                         | Mastercard, Inc.                                                              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1241 | NS      | $697367.54    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                              | Shin-Etsu Chemical Co. Ltd.                                                   | CUSIP: 000000000<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |      3600 | NS      | $119295.86    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                           | Broadcom, Inc.                                                                | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      2897 | NS      | $798558.05    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| MFRA Trust                                             | MFA Trust                                                                     | CUSIP: 55283FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16419 | PA      | $15364.02     | 0.01%             | 2065-04-25      | Variable      | 1.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 31418DNG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    529627 | PA      | $444342.81    | 0.30%             | 2050-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Tesla Inc                                              | Tesla, Inc.                                                                   | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       712 | NS      | $226173.92    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                                               | Alcon AG                                                                      | CUSIP: 000000000<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |      1698 | NS      | $150229.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ireland Government Bonds                               | Ireland Government Bonds                                                      | CUSIP: 000000000<br>LEI: 549300KXBEJAOJ9OVF93 | Long             | DBT              | NUSS              | IE        |     82000 | PA      | $66091.95     | 0.05%             | 2050-05-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 31418EW22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    585419 | PA      | $574975.86    | 0.39%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                         | Air Lease Corp.                                                               | CUSIP: 00914AAU6<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |    750000 | PA      | $766459.28    | 0.52%             | 2028-02-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased JPY / Sold USD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | JP        |         1 | NC      | $5992.85      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HEICO CORP                                             | HEICO Corp.                                                                   | CUSIP: 422806AB5<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |    550000 | PA      | $562903.46    | 0.38%             | 2033-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PACE International Equity Investments                  | PACE International Equity Investments                                         | CUSIP: 69375U865<br>LEI: 549300IXV06Q6Q1PT327 | Long             | EC               | RF                | US        |    880662 | NS      | $17428296.96  | 11.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                                   | Galp Energia SGPS SA                                                          | CUSIP: 000000000<br>LEI: 2138003319Y7NM75FG53 | Long             | EC               | CORP              | PT        |      5996 | NS      | $109970.79    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                         | Morgan Stanley                                                                | CUSIP: 61747YEU5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1251260.36   | 0.85%             | 2033-07-20      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association, TBA                                 | CUSIP: 21H060671<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    325000 | PA      | $329660.50    | 0.23%             | 2054-07-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                            | Purchased USD / Sold CHF                                                      | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |         1 | NC      | $-195761.64   | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| PACE High Yield Investments                            | PACE High Yield Investments                                                   | CUSIP: 69375U600<br>LEI: 54930077W0HZFCY95U61 | Long             | EC               | RF                | US        |    841247 | NS      | $7588050.06   | 5.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc                           | Apollo Global Management, Inc.                                                | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |      1827 | NS      | $259196.49    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                    | Arista Networks, Inc.                                                         | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      3222 | NS      | $329642.82    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 3140W0VB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    291507 | PA      | $231773.47    | 0.16%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                            | Purchased THB / Sold GBP                                                      | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | TH        |         1 | NC      | $-42790.46    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                | Royal Caribbean Cruises Ltd.                                                  | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    750000 | PA      | $754581.82    | 0.52%             | 2031-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                                | Consolidated Edison Co. of New York, Inc.                                     | CUSIP: 209111GF4<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    375000 | PA      | $389963.54    | 0.27%             | 2034-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BAWAG Group AG                                         | BAWAG Group AG                                                                | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |      1151 | NS      | $146971.02    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased USD / Sold AUD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-26873.02    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                            | Purchased NZD / Sold USD                                                      | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | NZ        |         1 | NC      | $5801.07      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 3140XNHW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    489861 | PA      | $503770.90    | 0.34%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ashtead Group PLC                                      | Ashtead Group PLC                                                             | CUSIP: 000000000<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |      2003 | NS      | $128370.29    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORP                                     | Expand Energy Corp.                                                           | CUSIP: 845467AR0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    750000 | PA      | $750698.01    | 0.51%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Sandoz Group AG                                        | Sandoz Group AG                                                               | CUSIP: 000000000<br>LEI: 5493000JWK6XWFEUD320 | Long             | EC               | CORP              | CH        |      2965 | NS      | $162253.83    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association                                      | CUSIP: 36179W2V9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    193384 | PA      | $171062.10    | 0.12%             | 2052-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Analog Devices Inc                                     | Analog Devices, Inc.                                                          | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |       738 | NS      | $175658.76    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone SA                                              | Danone SA                                                                     | CUSIP: 000000000<br>LEI: 969500KMUQ2B6CBAF162 | Long             | EC               | CORP              | FR        |      2035 | NS      | $166264.91    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                | Charles Schwab Corp.                                                          | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      2896 | NS      | $264231.04    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Notes                                                           | CUSIP: 912828YB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    129000 | PA      | $118790.86    | 0.08%             | 2029-08-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                  | Wells Fargo & Co.                                                             | CUSIP: 95000U3B7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    820000 | PA      | $820159.41    | 0.56%             | 2033-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                      | Future                                                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       125 | NC      | $-145914.22   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                     | Meta Platforms, Inc.                                                          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1612 | NS      | $1189801.08   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                        | First Solar, Inc.                                                             | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |       875 | NS      | $144847.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association                                      | CUSIP: 36179WVT2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    425568 | PA      | $346853.90    | 0.24%             | 2052-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                            | Oracle Corp.                                                                  | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      2278 | NS      | $498039.14    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                                     | Voya Financial, Inc.                                                          | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |      3437 | NS      | $244027.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank PLC                                          | Purchased BRL / Sold USD                                                      | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | BR        |         1 | NC      | $238844.88    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Government Thirty Year Bonds                     | Japan Government Thirty Year Bonds                                            | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   3200000 | PA      | $19533.77     | 0.01%             | 2054-06-20      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Japan Government Forty Year Bonds                      | Japan Government Forty Year Bonds                                             | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  18000000 | PA      | $61241.62     | 0.04%             | 2059-03-20      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                                    | Future                                                                        | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DE               |  | AU        |       -52 | NC      | $5939.88      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased EUR / Sold USD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $18937.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CCG Receivables Trust                                  | CCG Receivables Trust                                                         | CUSIP: 12511JAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135000 | PA      | $134714.00    | 0.09%             | 2029-07-16      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                                     | Purchased USD / Sold INR                                                      | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-3963.34     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWEK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    184141 | PA      | $176654.23    | 0.12%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 3140XAH96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    211101 | PA      | $169545.97    | 0.12%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Osaka Exchange                                         | Future                                                                        | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |        19 | NC      | $89372.90     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                                       | T-Mobile USA, Inc.                                                            | CUSIP: 87264ABW4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    540000 | PA      | $507014.15    | 0.35%             | 2031-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                             | U.K. Gilts                                                                    | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     61000 | PA      | $68933.52     | 0.05%             | 2032-01-31      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association               | Government National Mortgage Association                                      | CUSIP: 36179XLH7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    221106 | PA      | $217991.44    | 0.15%             | 2052-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PACE International Emerging Markets Equity Investments | PACE International Emerging Markets Equity Investments                        | CUSIP: 69375U857<br>LEI: 5493000P1IW5J3ZEPV86 | Long             | EC               | RF                | US        |    199730 | NS      | $3045881.30   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                                 | Roper Technologies, Inc.                                                      | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       197 | NS      | $111667.48    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corp                                      | Devon Energy Corp.                                                            | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      6773 | NS      | $215449.13    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.                        | Swap                                                                          | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   2700000 | OU      | $-202659.30   | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| AIB Group PLC                                          | AIB Group PLC                                                                 | CUSIP: 000000000<br>LEI: 635400AKJBGNS5WNQL34 | Long             | EC               | CORP              | IE        |     31527 | NS      | $259403.70    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                           | State Street Institutional US Government Money Market Fund                    | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   2331719 | NS      | $2331718.55   | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Portfolio High Yield Bond ETF                     | SPDR Portfolio High Yield Bond ETF                                            | CUSIP: 78468R606<br>LEI: N/A                  | Long             | EC               | RF                | US        |    306887 | NS      | $7303910.60   | 4.99%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased AUD / Sold USD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | AU        |         1 | NC      | $2840.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bonds                                                           | CUSIP: 912810SQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    180000 | PA      | $110735.16    | 0.08%             | 2040-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bonds                                                           | CUSIP: 912810PW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     30000 | PA      | $29966.02     | 0.02%             | 2038-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                    | Citigroup Commercial Mortgage Trust                                           | CUSIP: 17291DAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $98747.99     | 0.07%             | 2051-06-10      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bonds                                                           | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    104000 | PA      | $72068.75     | 0.05%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment Inc                          | Live Nation Entertainment, Inc.                                               | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      1844 | NS      | $278960.32    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| U.K. Gilts                                             | U.K. Gilts                                                                    | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     68000 | PA      | $71689.62     | 0.05%             | 2033-07-31      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 3140JACX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    374704 | PA      | $342768.54    | 0.23%             | 2049-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Spain Government Bonds                                 | Spain Government Bonds                                                        | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     73000 | PA      | $84896.60     | 0.06%             | 2027-10-31      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal             | Future                                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |        -5 | NC      | $-15343.49    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                      | Future                                                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       -14 | NC      | $-17980.60    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                 | Future                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -66 | NC      | $-104035.66   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| MFRA Trust                                             | MFA Trust                                                                     | CUSIP: 552757AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     12458 | PA      | $11713.19     | 0.01%             | 2065-01-26      | Variable      | 1.01%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                      | Future                                                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        -6 | NC      | $-1492.70     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Resources Ltd                                | Paramount Resources Ltd.                                                      | CUSIP: 699320206<br>LEI: 549300JSO4G6XV6Y5V84 | Long             | EC               | CORP              | CA        |      2509 | NS      | $39926.59     | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Eurex Deutschland                                      | Future                                                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DCO              |  | DE        |        45 | NC      | $-3108.61     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                                     | Ingersoll Rand, Inc.                                                          | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |      5423 | NS      | $451085.14    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1301192.73   | 0.89%             | 2030-04-25      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Shopify Inc                                            | Shopify, Inc.                                                                 | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      3035 | NS      | $350087.25    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased CAD / Sold USD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CA        |         1 | NC      | $-34.87       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CENTENE CORP                                           | Centene Corp.                                                                 | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    750000 | PA      | $696476.42    | 0.48%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                      | General Motors Co.                                                            | CUSIP: 37045VAY6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    810000 | PA      | $826987.68    | 0.56%             | 2029-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 31418EU99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    502744 | PA      | $504006.57    | 0.34%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Haleon PLC                                             | Haleon PLC                                                                    | CUSIP: 000000000<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |     17954 | NS      | $92269.21     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One                 | Liberty Media Corp.-Liberty Formula One                                       | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3500 | NS      | $365750.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories Inc                               | Bio-Rad Laboratories, Inc.                                                    | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      1110 | NS      | $267865.20    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                                           | Glencore PLC                                                                  | CUSIP: 000000000<br>LEI: 2138002658CPO9NBH955 | Long             | EC               | CORP              | JE        |     28683 | NS      | $111658.17    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                                  | Northrop Grumman Corp.                                                        | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |       585 | NS      | $292488.30    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BENCHMARK Mortgage Trust                               | Benchmark Mortgage Trust                                                      | CUSIP: 08163JAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    275000 | PA      | $240365.65    | 0.16%             | 2054-09-15      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Knorr-Bremse AG                                        | Knorr-Bremse AG                                                               | CUSIP: 000000000<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |      1919 | NS      | $185472.98    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                              | Apple, Inc.                                                                   | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      9101 | NS      | $1867252.17   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                                    | Erste Group Bank AG                                                           | CUSIP: 000000000<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |      1654 | NS      | $140864.29    | 0.10%             |  |  |  | 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      | $-9432.05     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                            | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWBH5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    163968 | PA      | $130655.33    | 0.09%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                      | Italy Buoni Poliennali Del Tesoro                                             | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     61000 | PA      | $73557.95     | 0.05%             | 2029-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AppLovin Corp                                          | AppLovin Corp.                                                                | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |       550 | NS      | $192544.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                               | Cheniere Energy Partners LP                                                   | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    810000 | PA      | $801329.74    | 0.55%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased SEK / Sold USD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | SE        |         1 | NC      | $3641.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                       | MercadoLibre, Inc.                                                            | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |        33 | NS      | $86249.79     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Austria Government Bonds                   | Republic of Austria Government Bonds                                          | CUSIP: 000000000<br>LEI: 529900QWWUI4XRVR7I03 | Long             | DBT              | NUSS              | AT        |     19000 | PA      | $21545.88     | 0.01%             | 2044-06-20      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| iShares Core S&P 500 ETF                               | iShares Core S&P 500 ETF                                                      | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |      7219 | NS      | $4482277.10   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                                    | JPMorgan Chase & Co.                                                          | CUSIP: 46625HRX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    810000 | PA      | $798612.29    | 0.55%             | 2027-12-01      | Fixed         | 3.62%                 | 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      | $4718.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                    | Exeter Automobile Receivables Trust                                           | CUSIP: 30166RAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2593 | PA      | $2588.81      | 0.00%             | 2026-11-16      | Fixed         | 1.08%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bonds                                                           | CUSIP: 912810RB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    174000 | PA      | $134109.14    | 0.09%             | 2043-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Inc                                        | T-Mobile U.S., Inc.                                                           | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      1309 | NS      | $311882.34    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                            | Novartis AG                                                                   | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      1239 | NS      | $150172.83    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                                          | AIA Group Ltd.                                                                | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     15817 | NS      | $141850.18    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                                     | Kraft Heinz Co.                                                               | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     10176 | NS      | $262744.32    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco China Technology ETF                           | Invesco China Technology ETF                                                  | CUSIP: 46138E800<br>LEI: 549300PS11RST4YBXW12 | Long             | EC               | RF                | US        |     33272 | NS      | $1472286.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                           | Broadcom, Inc.                                                                | CUSIP: 11135FAS0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    900000 | PA      | $872995.61    | 0.60%             | 2032-11-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Spectris PLC                                           | Spectris PLC                                                                  | CUSIP: 000000000<br>LEI: 213800Z4CO2CZO3M3T10 | Long             | EC               | CORP              | GB        |      2256 | NS      | $118851.26    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Government Thirty Year Bonds                     | Japan Government Thirty Year Bonds                                            | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   7600000 | PA      | $34545.55     | 0.02%             | 2046-06-20      | Fixed         | 0.30%                 | No            |                  2 | On Loan: No      |
| Las Vegas Sands Corp                                   | Las Vegas Sands Corp.                                                         | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |      3889 | NS      | $169210.39    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                      | Future                                                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       -37 | NC      | $95752.17     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                 | Future                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        62 | NC      | $73142.27     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc                                   | Celsius Holdings, Inc.                                                        | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2676 | NS      | $124139.64    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI Global Gold Miners ETF                    | iShares MSCI Global Gold Miners ETF                                           | CUSIP: 46434G855<br>LEI: 549300GPQXTYLBQN1755 | Long             | EC               | RF                | US        |     66146 | NS      | $2895871.88   | 1.98%             |  |  |  | No            |                  1 | On Loan: —       |
| United States Treasury                                 | U.S. Treasury Notes                                                           | CUSIP: 91282CCJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     96000 | PA      | $93078.75     | 0.06%             | 2026-06-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp                                     | Expand Energy Corp.                                                           | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      2922 | NS      | $341698.68    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Canada Government Bonds                                | Canada Government Bonds                                                       | CUSIP: 135087F82<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |     71000 | PA      | $50602.78     | 0.03%             | 2027-06-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                          | Citigroup, Inc.                                                               | CUSIP: 172967PL9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1098037.90   | 0.75%             | 2035-06-11      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| JB HUNT TRANSPRT SVCS                                  | JB Hunt Transport Services, Inc.                                              | CUSIP: 445658CG0<br>LEI: 549300XCD1MPI1C5GK90 | Long             | DBT              | CORP              | US        |    550000 | PA      | $558127.98    | 0.38%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                         | S&P Global, Inc.                                                              | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       393 | NS      | $207224.97    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                          | HDFC Bank Ltd.                                                                | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |      2146 | NS      | $164533.82    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased CAD / Sold USD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CA        |         1 | NC      | $418.05       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                         | Eli Lilly & Co.                                                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       872 | NS      | $679750.16    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| UMBS, TBA                                              | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F050676<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    200000 | PA      | $196036.20    | 0.13%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank                                                   | Bank                                                                          | CUSIP: 06539VAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $178168.64    | 0.12%             | 2055-02-15      | Variable      | 2.93%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased USD / Sold TWD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-2218.04     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Amazon.com Inc                                         | Amazon.com, Inc.                                                              | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      7718 | NS      | $1693252.02   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG                               | Infineon Technologies AG                                                      | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |      4189 | NS      | $178207.14    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                          | Purchased USD / Sold EUR                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-3167.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Spain Government Bonds                                 | Spain Government Bonds                                                        | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     40000 | PA      | $56030.62     | 0.04%             | 2044-10-31      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                           | Dell Equipment Finance Trust                                                  | CUSIP: 24703GAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100640.04    | 0.07%             | 2029-01-22      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                      | Italy Buoni Poliennali Del Tesoro                                             | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     27000 | PA      | $28270.70     | 0.02%             | 2046-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Spain Government Bonds                                 | Spain Government Bonds                                                        | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     21000 | PA      | $23696.36     | 0.02%             | 2033-07-30      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                         | Enterprise Fleet Financing LLC                                                | CUSIP: 29375NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    132571 | PA      | $133364.48    | 0.09%             | 2030-04-22      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                                | Bristol-Myers Squibb Co.                                                      | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      9811 | NS      | $454151.19    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                 | U.S. Treasury Bonds                                                           | CUSIP: 912810QY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    130000 | PA      | $99028.52     | 0.07%             | 2042-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Canadian Pacific Kansas City Ltd                       | Canadian Pacific Kansas City Ltd.                                             | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      2300 | NS      | $182716.36    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                             | Capital One Financial Corp.                                                   | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      2043 | NS      | $434668.68    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| U.K. Gilts                                             | U.K. Gilts                                                                    | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     80000 | PA      | $102895.48    | 0.07%             | 2028-10-22      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                     | Banco Bilbao Vizcaya Argentaria SA                                            | CUSIP: 000000000<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | EC               | CORP              | ES        |     12628 | NS      | $194195.22    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                             | Federal National Mortgage Association                                         | CUSIP: 3140QFUZ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    237616 | PA      | $189687.13    | 0.13%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| French Republic Government Bonds OAT                   | French Republic Government Bonds OAT                                          | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |    182000 | PA      | $179898.15    | 0.12%             | 2031-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** UBS FUNDS

**Signature:** Joanne Kilkeary

**Name of Signer:** Joanne Kilkeary

**Title:** Vice President and Treasurer