# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001193125-26-180833
**Filing Date:** 2026-4
**Character Count:** 79752
**Document Hash:** 9719152161553daa1237ed3a5e0cefe6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-180833.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001193125-26-180833

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Series Solutions
- **CENTRAL INDEX KEY:** 0001540305

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1112

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22668
- **FILM NUMBER:** 26898487

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN ST
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-287-3700

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN ST
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Vident U.S. Bond Strategy ETF (Series ID: S000046801)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000146217 | Vident U.S. Bond Strategy ETF | VBND            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ETF Series Solutions

- **b. Investment Company Act file number:** 811-22668

- **c. CIK number of Registrant:** 0001540305

- **d. LEI of Registrant:** 5493008BB0X0GYS3UI50

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

  - **Street Address 1:** 615 E Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1645

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

- **a. Name of Series:** Vident U.S. Bond Strategy ETF

- **b. EDGAR series identifier (if any):** S000046801

- **c. LEI of Series:** 549300MY3MRI7YFRFJ97

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $552953908.67

**Total Liabilities:** $45998408.10

**Net Assets:** $506955500.57

**Delayed Delivery Securities:** $45840315.35

**Cash Not Reported:** $1710000.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 931.511707000000 | **1-Year:** 16611.900137000000 | **5-Year:** 36690.306205000000 | **10-Year:** 152722.357059000000 | **30-Year:** 89102.597367000000

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

- **3-Month:** 0.000000000000 | **1-Year:** 1060.215295000000 | **5-Year:** 2778.509154000000 | **10-Year:** 2297.505892000000 | **30-Year:** 9405.211264000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000146217 | -0.14%               | 0.26%                | 1.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $74077.13                | $-2576898.10                               |
| Month 2  | $98203.11                | $-149793.63                                |
| Month 3  | $-129377.49              | $5019973.12                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Fannie Mae or Freddie Mac              | Fannie Mae or Freddie Mac                                 | CUSIP: 01F050635<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    650000 | PA      | $653054.70    | 0.13%             | 2041-03-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae or Freddie Mac              | Fannie Mae or Freddie Mac                                 | CUSIP: 01F052631<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | CORP              | US        |   3600000 | PA      | $3657713.98   | 0.72%             | 2053-03-25      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae or Freddie Mac              | Fannie Mae or Freddie Mac                                 | CUSIP: 01F060634<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7300000 | PA      | $7488898.16   | 1.48%             | 2041-03-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae or Freddie Mac              | Fannie Mae or Freddie Mac                                 | CUSIP: 01F062630<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | CORP              | US        |   5600000 | PA      | $5817224.90   | 1.15%             | 2053-03-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| PRUDENTIAL FINANCIAL INC               | Prudential Financial Inc                                  | CUSIP: 744320AW2<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    750000 | PA      | $739563.00    | 0.15%             | 2047-09-15      | Variable      | 4.50%                 | No            | 2                  | On Loan: No      |
| PRUDENTIAL FINANCIAL INC               | Prudential Financial Inc                                  | CUSIP: 744320BL5<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    500000 | PA      | $536953.00    | 0.11%             | 2053-03-01      | Variable      | 6.75%                 | No            | 2                  | On Loan: No      |
| PRUDENTIAL FINANCIAL INC               | Prudential Financial Inc                                  | CUSIP: 744320BP6<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    635000 | PA      | $669427.80    | 0.13%             | 2054-03-15      | Variable      | 6.50%                 | No            | 2                  | On Loan: No      |
| REINSURANCE GRP OF AMER                | Reinsurance Group of America Inc                          | CUSIP: 759351AT6<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1429332.24   | 0.28%             | 2055-09-15      | Variable      | 6.65%                 | No            | 2                  | On Loan: No      |
| ROYAL BANK OF CANADA                   | Royal Bank of Canada                                      | CUSIP: 780082AT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   5000000 | PA      | $4958040.50   | 0.98%             | 2084-11-24      | Variable      | 6.35%                 | No            | 2                  | On Loan: No      |
| ROYAL BANK OF CANADA                   | Royal Bank of Canada                                      | CUSIP: 780082AY9<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2075000 | PA      | $2074215.03   | 0.41%             | 2085-11-24      | Variable      | 6.50%                 | No            | 2                  | On Loan: No      |
| SEMPRA                                 | Sempra                                                    | CUSIP: 816851BT5<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1780000 | PA      | $1821440.18   | 0.36%             | 2054-10-01      | Variable      | 6.40%                 | No            | 2                  | On Loan: No      |
| SEMPRA                                 | Sempra                                                    | CUSIP: 816851BV0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1680000 | PA      | $1715910.00   | 0.34%             | 2055-04-01      | Variable      | 6.55%                 | No            | 2                  | On Loan: No      |
| SEMPRA                                 | Sempra                                                    | CUSIP: 816851BW8<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    765000 | PA      | $783431.15    | 0.15%             | 2056-04-01      | Variable      | 6.38%                 | No            | 2                  | On Loan: No      |
| PINNACLE BANK TN                       | Pinnacle Bank/Nashville TN                                | CUSIP: 87164DXY1<br>LEI: 549300CDOC4F7XSRG390 | Long             | DBT              | CORP              | US        |   1630000 | PA      | $1657712.05   | 0.33%             | 2036-01-15      | Variable      | 5.96%                 | No            | 2                  | On Loan: No      |
| SYNCHRONY FINANCIAL                    | Synchrony Financial                                       | CUSIP: 87165BAY9<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    750000 | PA      | $765470.38    | 0.15%             | 2036-07-29      | Variable      | 6.00%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                  | Tennessee Valley Authority                                | CUSIP: 880591CP5<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1285000 | PA      | $1533006.29   | 0.30%             | 2038-01-15      | Fixed         | 6.15%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                  | Tennessee Valley Authority                                | CUSIP: 880591CS9<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    820000 | PA      | $935714.64    | 0.18%             | 2036-04-01      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                  | Tennessee Valley Authority                                | CUSIP: 880591DZ2<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1965000 | PA      | $2069923.87   | 0.41%             | 2056-04-01      | Fixed         | 5.38%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                  | Tennessee Valley Authority                                | CUSIP: 880591EH1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1250000 | PA      | $1360869.46   | 0.27%             | 2039-09-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                  | Tennessee Valley Authority                                | CUSIP: 880591EJ7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    670000 | PA      | $623205.57    | 0.12%             | 2060-09-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                  | Tennessee Valley Authority                                | CUSIP: 880591EP3<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   2185000 | PA      | $1905036.56   | 0.38%             | 2042-12-15      | Fixed         | 3.50%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                  | Tennessee Valley Authority                                | CUSIP: 880591FB3<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    350000 | PA      | $361127.07    | 0.07%             | 2034-08-01      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| TENN VALLEY AUTHORITY                  | Tennessee Valley Authority                                | CUSIP: 880591FC1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1885000 | PA      | $1939158.46   | 0.38%             | 2055-02-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912810RD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3172000 | PA      | $2868305.77   | 0.57%             | 2043-11-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8095000 | PA      | $7639656.25   | 1.51%             | 2042-11-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2530000 | PA      | $2340052.36   | 0.46%             | 2043-05-15      | Fixed         | 3.88%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20455000 | PA      | $20132194.53  | 3.97%             | 2043-08-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA               | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   4700000 | PA      | $4969930.59   | 0.98%             | 2055-03-10      | Variable      | 6.95%                 | No            | 2                  | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA               | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MBQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   2700000 | PA      | $2800745.10   | 0.55%             | 2056-01-31      | Variable      | 6.50%                 | No            | 2                  | On Loan: No      |
| AEGON LTD                              | Aegon Ltd                                                 | CUSIP: 007924AJ2<br>LEI: O4QK7KMMK83ITNTHUG69 | Long             | DBT              | CORP              | BM        |    680000 | PA      | $689993.96    | 0.14%             | 2048-04-11      | Variable      | 5.50%                 | No            | 2                  | On Loan: No      |
| ALLY FINANCIAL INC                     | Ally Financial Inc                                        | CUSIP: 02005NCA6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1212177.40   | 0.24%             | 2033-07-31      | Variable      | 5.55%                 | No            | 2                  | On Loan: No      |
| AMERICAN ASSETS TRUST LP               | American Assets Trust LP                                  | CUSIP: 02401LAA2<br>LEI: 549300V1TI0SMG9Z6U69 | Long             | DBT              | CORP              | US        |    925000 | PA      | $852515.65    | 0.17%             | 2031-02-01      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| AMERICAN ASSETS TRUST LP               | American Assets Trust LP                                  | CUSIP: 02401LAB0<br>LEI: 549300V1TI0SMG9Z6U69 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1373856.04   | 0.27%             | 2034-10-01      | Fixed         | 6.15%                 | No            | 2                  | On Loan: No      |
| AMERICAN ELECTRIC POWER                | American Electric Power Co Inc                            | CUSIP: 025537BA8<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1133293.35   | 0.22%             | 2054-12-15      | Variable      | 6.95%                 | No            | 2                  | On Loan: No      |
| AMERICAN ELECTRIC POWER                | American Electric Power Co Inc                            | CUSIP: 02557TAE9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    660000 | PA      | $663369.96    | 0.13%             | 2056-03-15      | Variable      | 5.80%                 | No            | 2                  | On Loan: No      |
| AMERICAN ELECTRIC POWER                | American Electric Power Co Inc                            | CUSIP: 02557TAF6<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1365345.43   | 0.27%             | 2056-03-15      | Variable      | 6.05%                 | No            | 2                  | On Loan: No      |
| APA CORP                               | APA Corp                                                  | CUSIP: 03743QBB3<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $938675.47    | 0.19%             | 2040-09-01      | Fixed         | 5.10%                 | No            | 2                  | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT               | Apollo Global Management Inc                              | CUSIP: 03769MAD8<br>LEI: 254900LMFT1CY9IYB476 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1590987.59   | 0.31%             | 2054-12-15      | Variable      | 6.00%                 | No            | 2                  | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD               | Apollo Debt Solutions BDC                                 | CUSIP: 03770DAB9<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    800000 | PA      | $831553.57    | 0.16%             | 2029-04-13      | Fixed         | 6.90%                 | No            | 2                  | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD               | Apollo Debt Solutions BDC                                 | CUSIP: 03770DAD5<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    900000 | PA      | $930050.07    | 0.18%             | 2031-07-29      | Fixed         | 6.70%                 | No            | 2                  | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD               | Apollo Debt Solutions BDC                                 | CUSIP: 03770DAF0<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1145867.97   | 0.23%             | 2032-03-15      | Fixed         | 6.55%                 | No            | 2                  | On Loan: No      |
| ARES CAPITAL CORP                      | Ares Capital Corp                                         | CUSIP: 04010LBC6<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $880185.09    | 0.17%             | 2031-11-15      | Fixed         | 3.20%                 | No            | 2                  | On Loan: No      |
| ARES CAPITAL CORP                      | Ares Capital Corp                                         | CUSIP: 04010LBH5<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |    735000 | PA      | $733029.93    | 0.14%             | 2032-03-08      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A         | Ginnie Mae II Pool                                        | CUSIP: 3618N5VT3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2944238 | PA      | $3064479.14   | 0.60%             | 2055-09-20      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| HF SINCLAIR CORP                       | HF Sinclair Corp                                          | CUSIP: 403949AS9<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |    330000 | PA      | $347589.73    | 0.07%             | 2035-01-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| HA SUSTAINABLE INF CAP                 | HA Sustainable Infrastructure Capital Inc                 | CUSIP: 40408AAA9<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1246426.63   | 0.25%             | 2031-01-15      | Fixed         | 6.15%                 | No            | 2                  | On Loan: No      |
| HA SUSTAINABLE INF CAP                 | HA Sustainable Infrastructure Capital Inc                 | CUSIP: 41068XAF7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1986536.95   | 0.39%             | 2034-07-01      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| HASBRO INC                             | Hasbro Inc                                                | CUSIP: 418056AS6<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |    120000 | PA      | $130003.57    | 0.03%             | 2040-03-15      | Fixed         | 6.35%                 | No            | 2                  | On Loan: No      |
| HELMERICH & PAYNE INC                  | Helmerich & Payne Inc                                     | CUSIP: 423452AN1<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |    315000 | PA      | $318197.41    | 0.06%             | 2034-12-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11250000 | PA      | $11896875.00  | 2.35%             | 2045-05-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912828ZS2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15720000 | PA      | $15157211.74  | 2.99%             | 2027-05-31      | Fixed         | 0.50%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912828ZV5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5690000 | PA      | $5474180.06   | 1.08%             | 2027-06-30      | Fixed         | 0.50%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 91282CFB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3145000 | PA      | $3115331.36   | 0.61%             | 2027-07-31      | Fixed         | 2.75%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 91282CKZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7095000 | PA      | $7183826.07   | 1.42%             | 2027-07-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| BLUE OWL CREDIT INCOME                 | Blue Owl Credit Income Corp                               | CUSIP: 09581CAB7<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1766848.04   | 0.35%             | 2029-09-15      | Fixed         | 6.60%                 | No            | 2                  | On Loan: No      |
| BLUE OWL CREDIT INCOME                 | Blue Owl Credit Income Corp                               | CUSIP: 09581CAD3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   1735000 | PA      | $1702828.73   | 0.34%             | 2030-03-15      | Fixed         | 5.80%                 | No            | 2                  | On Loan: No      |
| BLUE OWL CREDIT INCOME                 | Blue Owl Credit Income Corp                               | CUSIP: 69120VAZ4<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   1930000 | PA      | $1941512.26   | 0.38%             | 2031-03-15      | Fixed         | 6.65%                 | No            | 2                  | On Loan: No      |
| BLUE OWL CAPITAL CORP                  | Blue Owl Capital Corp                                     | CUSIP: 69121KAJ3<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1896830.78   | 0.37%             | 2030-07-15      | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 91282CLG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10300000 | PA      | $10347476.61  | 2.04%             | 2027-08-15      | Fixed         | 3.75%                 | No            | 2                  | On Loan: No      |
| WESTERN MIDSTREAM OPERAT               | Western Midstream Operating LP                            | CUSIP: 958254AD6<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    760000 | PA      | $701144.46    | 0.14%             | 2044-04-01      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| WESTERN MIDSTREAM OPERAT               | Western Midstream Operating LP                            | CUSIP: 958254AJ3<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    910000 | PA      | $804735.03    | 0.16%             | 2048-03-01      | Fixed         | 5.30%                 | No            | 2                  | On Loan: No      |
| WESTERN MIDSTREAM OPERAT               | Western Midstream Operating LP                            | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    610000 | PA      | $530141.40    | 0.10%             | 2050-02-01      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| ZIONS BANCORP NA                       | Zions Bancorp NA                                          | CUSIP: 98971DAC4<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1491157.11   | 0.29%             | 2035-11-19      | Variable      | 6.82%                 | No            | 2                  | On Loan: No      |
| ALLIANT ENERGY CORP                    | Alliant Energy Corp                                       | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1031672.16   | 0.20%             | 2056-04-01      | Variable      | 5.75%                 | No            | 2                  | On Loan: No      |
| ALLSTATE CORP                          | Allstate Corp/The                                         | CUSIP: 020002AU5<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1209889.70   | 0.24%             | 2057-05-15      | Variable      | 6.50%                 | No            | 2                  | On Loan: No      |
| ALLY FINANCIAL INC                     | Ally Financial Inc                                        | CUSIP: 02005NBS8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1721648.76   | 0.34%             | 2033-02-14      | Fixed         | 6.70%                 | No            | 2                  | On Loan: No      |
| ALLY FINANCIAL INC                     | Ally Financial Inc                                        | CUSIP: 02005NBY5<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2894674.03   | 0.57%             | 2040-01-17      | Variable      | 6.65%                 | No            | 2                  | On Loan: No      |
| HUMANA INC                             | Humana Inc                                                | CUSIP: 444859CC4<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144674.65    | 0.03%             | 2055-05-01      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| HUNTINGTON BANCSHARES                  | Huntington Bancshares Inc/OH                              | CUSIP: 446150AX2<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    640000 | PA      | $565794.16    | 0.11%             | 2036-08-15      | Variable      | 2.49%                 | No            | 2                  | On Loan: No      |
| KYNDRYL HOLDINGS INC                   | Kyndryl Holdings Inc                                      | CUSIP: 50155QAM2<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    810000 | PA      | $586535.69    | 0.12%             | 2041-10-15      | Fixed         | 4.10%                 | No            | 2                  | On Loan: No      |
| LYB INT FINANCE III                    | LYB International Finance III LLC                         | CUSIP: 50249AAA1<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $2545076.84   | 0.50%             | 2049-10-15      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| LYB INT FINANCE III                    | LYB International Finance III LLC                         | CUSIP: 50249AAD5<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1264131.80   | 0.25%             | 2050-05-01      | Fixed         | 4.20%                 | No            | 2                  | On Loan: No      |
| LYB INT FINANCE III                    | LYB International Finance III LLC                         | CUSIP: 50249AAH6<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   2760000 | PA      | $2046159.29   | 0.40%             | 2040-10-01      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| LYB INT FINANCE III                    | LYB International Finance III LLC                         | CUSIP: 50249AAJ2<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |    300000 | PA      | $196348.65    | 0.04%             | 2051-04-01      | Fixed         | 3.62%                 | No            | 2                  | On Loan: No      |
| LYB INT FINANCE III                    | LYB International Finance III LLC                         | CUSIP: 50249AAK9<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |    135000 | PA      | $85604.18     | 0.02%             | 2060-10-01      | Fixed         | 3.80%                 | No            | 2                  | On Loan: No      |
| LYB INT FINANCE III                    | LYB International Finance III LLC                         | CUSIP: 50249AAP8<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1039793.33   | 0.21%             | 2035-05-15      | Fixed         | 6.15%                 | No            | 2                  | On Loan: No      |
| LYB INT FINANCE III                    | LYB International Finance III LLC                         | CUSIP: 50249AAR4<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   2440000 | PA      | $2476650.46   | 0.49%             | 2036-01-15      | Fixed         | 5.88%                 | No            | 2                  | On Loan: No      |
| METLIFE INC                            | MetLife Inc                                               | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1324461.00   | 0.26%             | 2039-08-01      | Fixed         | 10.75%                | No            | 2                  | On Loan: No      |
| NEXTERA ENERGY CAPITAL                 | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KAV2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $2123956.63   | 0.42%             | 2077-12-01      | Variable      | 4.80%                 | No            | 2                  | On Loan: No      |
| NEXTERA ENERGY CAPITAL                 | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KCW8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3532865.20   | 0.70%             | 2054-09-01      | Variable      | 6.70%                 | No            | 2                  | On Loan: No      |
| NEXTERA ENERGY CAPITAL                 | NextEra Energy Capital Holdings Inc                       | CUSIP: 65339KDB3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    560000 | PA      | $596430.24    | 0.12%             | 2054-06-15      | Variable      | 6.75%                 | No            | 2                  | On Loan: No      |
| NISOURCE INC                           | NiSource Inc                                              | CUSIP: 65473PAR6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $2981487.60   | 0.59%             | 2054-11-30      | Variable      | 6.95%                 | No            | 2                  | On Loan: No      |
| NISOURCE INC                           | NiSource Inc                                              | CUSIP: 65473PAT2<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1254019.20   | 0.25%             | 2055-03-31      | Variable      | 6.38%                 | No            | 2                  | On Loan: No      |
| ICL GROUP LIMITED                      | ICL Group Ltd                                             | CUSIP: AS6777633<br>LEI: 529900FQVQD88SHIGM04 | Long             | DBT              | CORP              | IL        |   2500000 | PA      | $2613250.00   | 0.52%             | 2038-05-31      | Fixed         | 6.38%                 | No            | 2                  | On Loan: No      |
| NANSHAN LIFE PTE LTD                   | Nanshan Life Pte Ltd                                      | CUSIP: YK0032374<br>LEI: 2138006QCWSN6N7E1140 | Long             | DBT              | CORP              | SG        |   1000000 | PA      | $1005734.25   | 0.20%             | 2041-03-17      | Variable      | 5.88%                 | No            | 2                  | On Loan: No      |
| NANSHAN LIFE PTE LTD                   | Nanshan Life Pte Ltd                                      | CUSIP: YV5764605<br>LEI: 2138006QCWSN6N7E1140 | Long             | DBT              | CORP              | SG        |   1340000 | PA      | $1334216.41   | 0.26%             | 2034-09-11      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| ARES STRATEGIC INCOME FU               | Ares Strategic Income Fund                                | CUSIP: 04020EAD9<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1780235.73   | 0.35%             | 2030-02-15      | Fixed         | 5.60%                 | No            | 2                  | On Loan: No      |
| ARES STRATEGIC INCOME FU               | Ares Strategic Income Fund                                | CUSIP: 04020EAJ6<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |   1160000 | PA      | $1166262.26   | 0.23%             | 2032-03-21      | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| ARES STRATEGIC INCOME FU               | Ares Strategic Income Fund                                | CUSIP: 04020EAL1<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1604072.69   | 0.32%             | 2028-09-09      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| ARES STRATEGIC INCOME FU               | Ares Strategic Income Fund                                | CUSIP: 04020EAR8<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1173125.78   | 0.23%             | 2031-01-15      | Fixed         | 5.15%                 | No            | 2                  | On Loan: No      |
| ATHENE HOLDING LTD                     | Athene Holding Ltd                                        | CUSIP: 04686JAJ0<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |   2690000 | PA      | $2589502.41   | 0.51%             | 2054-10-15      | Variable      | 6.62%                 | No            | 2                  | On Loan: No      |
| ATHENE HOLDING LTD                     | Athene Holding Ltd                                        | CUSIP: 04686JAL5<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |    560000 | PA      | $547907.08    | 0.11%             | 2055-05-19      | Fixed         | 6.62%                 | No            | 2                  | On Loan: No      |
| ATHENE HOLDING LTD                     | Athene Holding Ltd                                        | CUSIP: 04686JAM3<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |   3260000 | PA      | $3148562.77   | 0.62%             | 2055-06-28      | Variable      | 6.88%                 | No            | 2                  | On Loan: No      |
| BGC GROUP INC                          | BGC Group Inc                                             | CUSIP: 05555LAD3<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1130782.61   | 0.22%             | 2030-04-02      | Fixed         | 6.15%                 | No            | 2                  | On Loan: No      |
| BANK OF MONTREAL                       | Bank of Montreal                                          | CUSIP: 06368L8V1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   2100000 | PA      | $2167550.70   | 0.43%             | 2085-11-26      | Variable      | 6.88%                 | No            | 2                  | On Loan: No      |
| BANK OF NOVA SCOTIA                    | Bank of Nova Scotia/The                                   | CUSIP: 0641598N9<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   1750000 | PA      | $1707779.33   | 0.34%             | 2081-10-27      | Variable      | 3.62%                 | No            | 2                  | On Loan: No      |
| BANK OF NOVA SCOTIA                    | Bank of Nova Scotia/The                                   | CUSIP: 0641598X7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   2450000 | PA      | $2577309.35   | 0.51%             | 2085-04-27      | Variable      | 7.35%                 | No            | 2                  | On Loan: No      |
| BANK OF NOVA SCOTIA                    | Bank of Nova Scotia/The                                   | CUSIP: 06419GEE2<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   3450000 | PA      | $3551209.20   | 0.70%             | 2085-10-27      | Variable      | 6.88%                 | No            | 2                  | On Loan: No      |
| BLACKSTONE PRIVATE CRE                 | Blackstone Private Credit Fund                            | CUSIP: 09261HBG1<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    950000 | PA      | $956956.35    | 0.19%             | 2031-01-25      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| BLACKSTONE PRIVATE CRE                 | Blackstone Private Credit Fund                            | CUSIP: 09261HBW6<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1192878.50   | 0.24%             | 2034-11-22      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| BLACKSTONE PRIVATE CRE                 | Blackstone Private Credit Fund                            | CUSIP: 09261HBX4<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1302923.77   | 0.26%             | 2032-01-29      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| BLACKSTONE SECURED LEND                | Blackstone Secured Lending Fund                           | CUSIP: 09261XAL6<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    390000 | PA      | $378735.32    | 0.07%             | 2031-01-31      | Fixed         | 5.12%                 | No            | 2                  | On Loan: No      |
| BLUE OWL TECHNOLOGY FINA               | Blue Owl Technology Finance Corp                          | CUSIP: 095924AB2<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1544643.53   | 0.30%             | 2028-03-15      | Fixed         | 6.10%                 | No            | 2                  | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN               | Brighthouse Financial Inc                                 | CUSIP: 10922NAF0<br>LEI: 5493003T8SZSHOGGAW52 | Long             | DBT              | CORP              | US        |   3130000 | PA      | $2194684.01   | 0.43%             | 2047-06-22      | Fixed         | 4.70%                 | No            | 2                  | On Loan: No      |
| BROOKFIELD FINANCE INC                 | Brookfield Finance Inc                                    | CUSIP: 11271LAN2<br>LEI: 549300XH8D8K6OYWGD17 | Long             | DBT              | CORP              | CA        |    730000 | PA      | $723480.37    | 0.14%             | 2055-01-15      | Variable      | 6.30%                 | No            | 2                  | On Loan: No      |
| CMS ENERGY CORP                        | CMS Energy Corp                                           | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1296862.68   | 0.26%             | 2055-06-01      | Variable      | 6.50%                 | No            | 2                  | On Loan: No      |
| DOW CHEMICAL CO/THE                    | Dow Chemical Co/The                                       | CUSIP: 260543CR2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    870000 | PA      | $762790.14    | 0.15%             | 2048-11-30      | Fixed         | 5.55%                 | No            | 2                  | On Loan: No      |
| DOW CHEMICAL CO/THE                    | Dow Chemical Co/The                                       | CUSIP: 260543CV3<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    975000 | PA      | $767421.92    | 0.15%             | 2049-05-15      | Fixed         | 4.80%                 | No            | 2                  | On Loan: No      |
| DOW CHEMICAL CO/THE                    | Dow Chemical Co/The                                       | CUSIP: 260543DH3<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    950000 | PA      | $976260.05    | 0.19%             | 2053-05-15      | Fixed         | 6.90%                 | No            | 2                  | On Loan: No      |
| DOW CHEMICAL CO/THE                    | Dow Chemical Co/The                                       | CUSIP: 260543DM2<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $953836.24    | 0.19%             | 2055-03-15      | Fixed         | 5.95%                 | No            | 2                  | On Loan: No      |
| CANADIAN IMPERIAL BANK                 | Canadian Imperial Bank of Commerce                        | CUSIP: 13607P7Y4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1135000 | PA      | $1181010.63   | 0.23%             | 2085-10-28      | Variable      | 7.00%                 | No            | 2                  | On Loan: No      |
| CANADIAN IMPERIAL BANK                 | Canadian Imperial Bank of Commerce                        | CUSIP: 13607PNF7<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   1800000 | PA      | $1862578.80   | 0.37%             | 2085-01-28      | Variable      | 6.95%                 | No            | 2                  | On Loan: No      |
| CAPITAL ONE FINANCIAL CO               | Capital One Financial Corp                                | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    825000 | PA      | $858126.49    | 0.17%             | 2036-01-30      | Variable      | 6.18%                 | No            | 2                  | On Loan: No      |
| CENTENE CORP                           | Centene Corp                                              | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    820000 | PA      | $800967.96    | 0.16%             | 2029-12-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| CENTENE CORP                           | Centene Corp                                              | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1930000 | PA      | $1791546.24   | 0.35%             | 2030-02-15      | Fixed         | 3.38%                 | No            | 2                  | On Loan: No      |
| CENTENE CORP                           | Centene Corp                                              | CUSIP: 15135BAX9<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $1910919.56   | 0.38%             | 2031-03-01      | Fixed         | 2.50%                 | No            | 2                  | On Loan: No      |
| CONAGRA BRANDS INC                     | Conagra Brands Inc                                        | CUSIP: 205887CE0<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |    780000 | PA      | $702431.98    | 0.14%             | 2048-11-01      | Fixed         | 5.40%                 | No            | 2                  | On Loan: No      |
| BLUE OWL TECHNOLOGY FINA               | Blue Owl Technology Finance Corp                          | CUSIP: 69121JAB3<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   1665000 | PA      | $1659515.69   | 0.33%             | 2029-04-04      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| Fannie Mae or Freddie Mac              | Fannie Mae or Freddie Mac                                 | CUSIP: 01F040636<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |    250000 | PA      | $243081.58    | 0.05%             | 2041-03-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae or Freddie Mac              | Fannie Mae or Freddie Mac                                 | CUSIP: 01F042632<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGA              | US        |   1420000 | PA      | $1404754.34   | 0.28%             | 2040-03-01      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| FANNIE MAE                             | Federal National Mortgage Association                     | CUSIP: 31398AFD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |   1045000 | PA      | $1173258.78   | 0.23%             | 2037-07-15      | Fixed         | 5.62%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                             | Fannie Mae Pool                                           | CUSIP: 3140XPXF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2940943 | PA      | $3072121.75   | 0.61%             | 2054-04-01      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                             | Fannie Mae Pool                                           | CUSIP: 31418ED80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3049858 | PA      | $2969083.35   | 0.59%             | 2052-06-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                             | Fannie Mae Pool                                           | CUSIP: 31418EES5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2913896 | PA      | $2836137.98   | 0.56%             | 2052-05-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                             | Fannie Mae Pool                                           | CUSIP: 31418FF36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2760275 | PA      | $2775942.99   | 0.55%             | 2055-01-01      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| CONTINENTAL RESOURCES                  | Continental Resources Inc/OK                              | CUSIP: 212015AQ4<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $1979799.12   | 0.39%             | 2044-06-01      | Fixed         | 4.90%                 | No            | 2                  | On Loan: No      |
| DOMINION ENERGY INC                    | Dominion Energy Inc                                       | CUSIP: 25746UDT3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2095322.00   | 0.41%             | 2055-02-01      | Variable      | 6.88%                 | No            | 2                  | On Loan: No      |
| DOMINION ENERGY INC                    | Dominion Energy Inc                                       | CUSIP: 25746UDV8<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2077310.00   | 0.41%             | 2055-05-15      | Variable      | 6.62%                 | No            | 2                  | On Loan: No      |
| DOMINION ENERGY INC                    | Dominion Energy Inc                                       | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2133127.50   | 0.42%             | 2056-02-15      | Variable      | 6.00%                 | No            | 2                  | On Loan: No      |
| DOMINION ENERGY INC                    | Dominion Energy Inc                                       | CUSIP: 25746UEA3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1578775.75   | 0.31%             | 2056-02-15      | Variable      | 6.20%                 | No            | 2                  | On Loan: No      |
| DOW CHEMICAL CO/THE                    | Dow Chemical Co/The                                       | CUSIP: 260543BY8<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    650000 | PA      | $836014.72    | 0.16%             | 2039-05-15      | Fixed         | 9.40%                 | No            | 2                  | On Loan: No      |
| DOW CHEMICAL CO/THE                    | Dow Chemical Co/The                                       | CUSIP: 260543CG6<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    880000 | PA      | $699584.18    | 0.14%             | 2042-11-15      | Fixed         | 4.38%                 | No            | 2                  | On Loan: No      |
| DUKE ENERGY CORP                       | Duke Energy Corp                                          | CUSIP: 26441CCG8<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    835000 | PA      | $880040.74    | 0.17%             | 2054-09-01      | Variable      | 6.45%                 | No            | 2                  | On Loan: No      |
| EDISON INTERNATIONAL                   | Edison International                                      | CUSIP: 281020AW7<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    650000 | PA      | $699826.45    | 0.14%             | 2029-11-15      | Fixed         | 6.95%                 | No            | 2                  | On Loan: No      |
| EDISON INTERNATIONAL                   | Edison International                                      | CUSIP: 281020AX5<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   3610000 | PA      | $3753649.12   | 0.74%             | 2053-06-15      | Variable      | 8.12%                 | No            | 2                  | On Loan: No      |
| EDISON INTERNATIONAL                   | Edison International                                      | CUSIP: 281020BB2<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    800000 | PA      | $815376.70    | 0.16%             | 2032-03-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                     | Energy Transfer LP                                        | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1637688.35   | 0.32%             | 2054-05-15      | Variable      | 8.00%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                     | Energy Transfer LP                                        | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3134153.94   | 0.62%             | 2056-02-15      | Variable      | 6.50%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                     | Energy Transfer LP                                        | CUSIP: 29273VBH2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   2440000 | PA      | $2495350.16   | 0.49%             | 2056-02-15      | Variable      | 6.75%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                     | Energy Transfer LP                                        | CUSIP: 29279FAA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    560000 | PA      | $567700.05    | 0.11%             | 2049-04-15      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| ENTERGY CORP                           | Entergy Corp                                              | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $2015563.55   | 0.40%             | 2054-12-01      | Variable      | 7.12%                 | No            | 2                  | On Loan: No      |
| ENTERGY CORP                           | Entergy Corp                                              | CUSIP: 29364GAR4<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1030277.73   | 0.20%             | 2056-06-15      | Variable      | 5.88%                 | No            | 2                  | On Loan: No      |
| ENTERGY CORP                           | Entergy Corp                                              | CUSIP: 29364GAS2<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1230624.98   | 0.24%             | 2056-06-15      | Variable      | 6.10%                 | No            | 2                  | On Loan: No      |
| ENTERPRISE PRODUCTS OPER               | Enterprise Products Operating LLC                         | CUSIP: 29379VBR3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1553259.40   | 0.31%             | 2078-02-15      | Variable      | 5.38%                 | No            | 2                  | On Loan: No      |
| EQUITABLE HOLDINGS INC                 | Equitable Holdings Inc                                    | CUSIP: 29452EAD3<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1668084.80   | 0.33%             | 2055-03-28      | Variable      | 6.70%                 | No            | 2                  | On Loan: No      |
| EVERGY INC                             | Evergy Inc                                                | CUSIP: 30034WAE6<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2326142.25   | 0.46%             | 2055-06-01      | Variable      | 6.65%                 | No            | 2                  | On Loan: No      |
| EXELON CORP                            | Exelon Corp                                               | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1455538.25   | 0.29%             | 2055-03-15      | Variable      | 6.50%                 | No            | 2                  | On Loan: No      |
| F&G ANNUITIES & LIFE INC               | F&G Annuities & Life Inc                                  | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1328924.46   | 0.26%             | 2029-06-04      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| F&G ANNUITIES & LIFE INC               | F&G Annuities & Life Inc                                  | CUSIP: 30190AAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1142363.12   | 0.23%             | 2034-10-04      | Fixed         | 6.25%                 | No            | 2                  | On Loan: No      |
| Fannie Mae                             | Fannie Mae Pool                                           | CUSIP: 3140MMBA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2124397 | PA      | $2073710.77   | 0.41%             | 2052-04-01      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| DISCOVERY HOLDINGS INC                 | Discovery Global Holdings Inc                             | CUSIP: 55903VBF9<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1160000.00   | 0.23%             | 2062-03-15      | Fixed         | 5.39%                 | No            | 2                  | On Loan: No      |
| ENERGY TRANSFER LP                     | Energy Transfer LP                                        | CUSIP: 86765BAQ2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    400000 | PA      | $370019.89    | 0.07%             | 2045-05-15      | Fixed         | 5.35%                 | No            | 2                  | On Loan: No      |
| ELECT GLOBAL INV LTD                   | Elect Global Investments Ltd                              | CUSIP: YQ0494258<br>LEI: 254900MGJD77N8VPNK65 | Long             | DBT              | CORP              | VG        |   4750000 | PA      | $5074187.50   | 1.00%             | 2030-09-11      | Variable      | 7.20%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19785000 | PA      | $20374685.79  | 4.02%             | 2043-11-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16690000 | PA      | $16645667.19  | 3.28%             | 2044-02-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14200000 | PA      | $14368625.00  | 2.83%             | 2044-05-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10965000 | PA      | $11073793.41  | 2.18%             | 2044-11-15      | Fixed         | 4.62%                 | No            | 2                  | On Loan: No      |
| OVINTIV INC                            | Ovintiv Inc                                               | CUSIP: 012873AK1<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1244491.62   | 0.25%             | 2031-11-01      | Fixed         | 7.38%                 | No            | 2                  | On Loan: No      |
| HPS CORPORATE LENDING FU               | HPS Corporate Lending Fund                                | CUSIP: 40440VAF2<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |    875000 | PA      | $907474.11    | 0.18%             | 2029-01-30      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| HPS CORPORATE LENDING FU               | HPS Corporate Lending Fund                                | CUSIP: 40440VAH8<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |    950000 | PA      | $955457.35    | 0.19%             | 2028-01-14      | Fixed         | 5.45%                 | No            | 2                  | On Loan: No      |
| HPS CORPORATE LENDING FU               | HPS Corporate Lending Fund                                | CUSIP: 40440VAN5<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1453984.51   | 0.29%             | 2030-06-05      | Fixed         | 5.85%                 | No            | 2                  | On Loan: No      |
| OCCIDENTAL PETROLEUM COR               | Occidental Petroleum Corp                                 | CUSIP: 674599DJ1<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    695000 | PA      | $725762.79    | 0.14%             | 2040-03-15      | Fixed         | 6.20%                 | No            | 2                  | On Loan: No      |
| OCCIDENTAL PETROLEUM COR               | Occidental Petroleum Corp                                 | CUSIP: 674599DL6<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    780000 | PA      | $829266.36    | 0.16%             | 2046-03-15      | Fixed         | 6.60%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3720000 | PA      | $3814889.05   | 0.75%             | 2045-02-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| HISCOX LTD                             | Hiscox Ltd                                                | CUSIP: YN0550619<br>LEI: 5493007JXOLJ0QCY2D70 | Long             | DBT              | CORP              | BM        |   4400000 | PA      | $4746965.17   | 0.94%             | 2036-06-11      | Variable      | 7.00%                 | No            | 2                  | On Loan: No      |
| Fannie Mae or Freddie Mac              | Fannie Mae or Freddie Mac                                 | CUSIP: 01F070633<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-CBDO         | CORP              | US        |   4300000 | PA      | $4518398.98   | 0.89%             | 2038-03-15      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A         | Ginnie Mae                                                | CUSIP: 21H040632<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | USGA              | US        |    200000 | PA      | $192450.12    | 0.04%             | 2042-03-15      | Fixed         | 4.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A         | Ginnie Mae                                                | CUSIP: 21H042638<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1050000 | PA      | $1037699.09   | 0.20%             | 2041-03-15      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A         | Ginnie Mae                                                | CUSIP: 21H050631<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1170000 | PA      | $1174242.93   | 0.23%             | 2041-03-15      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A         | Ginnie Mae                                                | CUSIP: 21H052637<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | CORP              | US        |   4120000 | PA      | $4174392.94   | 0.82%             | 2052-10-20      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A         | Ginnie Mae                                                | CUSIP: 21H060630<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | CORP              | US        |   9825000 | PA      | $10022269.59  | 1.98%             | 2040-03-15      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A         | Ginnie Mae                                                | CUSIP: 21H062636<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-CBDO         | CORP              | US        |   3390000 | PA      | $3523536.44   | 0.70%             | 2053-08-20      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A         | Ginnie Mae                                                | CUSIP: 21H070639<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |   1530000 | PA      | $1580945.22   | 0.31%             | 2053-09-20      | Fixed         | 7.00%                 | No            | 2                  | On Loan: No      |
| OVINTIV INC                            | Ovintiv Inc                                               | CUSIP: 292505AD6<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    150000 | PA      | $164321.54    | 0.03%             | 2034-08-15      | Fixed         | 6.50%                 | No            | 2                  | On Loan: No      |
| FNB CORP                               | FNB Corp/PA                                               | CUSIP: 302520AD3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |    480000 | PA      | $493821.34    | 0.10%             | 2030-12-11      | Variable      | 5.72%                 | No            | 2                  | On Loan: No      |
| FEDERAL HOME LOAN BANK                 | Federal Home Loan Banks                                   | CUSIP: 3130AYPN0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    460000 | PA      | $462171.65    | 0.09%             | 2027-01-15      | Fixed         | 4.12%                 | No            | 2                  | On Loan: No      |
| FEDERAL HOME LOAN BANK                 | Federal Home Loan Banks                                   | CUSIP: 3130B0TY5<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    825000 | PA      | $835921.00    | 0.16%             | 2027-04-09      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| FEDERAL HOME LOAN BANK                 | Federal Home Loan Banks                                   | CUSIP: 3133XGAY0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    845000 | PA      | $946442.18    | 0.19%             | 2036-07-15      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| FREDDIE MAC                            | Federal Home Loan Mortgage Corp                           | CUSIP: 3134A3U46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    700000 | PA      | $777671.55    | 0.15%             | 2029-09-15      | Fixed         | 6.75%                 | No            | 2                  | On Loan: No      |
| Freddie Mac                            | Freddie Mac Pool                                          | CUSIP: 31427QHA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1385041 | PA      | $1410934.42   | 0.28%             | 2055-01-01      | Fixed         | 5.50%                 | No            | 2                  | On Loan: No      |
| FIRST CITIZENS BANCSHARE               | First Citizens BancShares Inc/NC                          | CUSIP: 31959XAF0<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |    530000 | PA      | $540194.55    | 0.11%             | 2040-03-12      | Variable      | 6.25%                 | No            | 2                  | On Loan: No      |
| FLOWERS FOODS INC                      | Flowers Foods Inc                                         | CUSIP: 343498AD3<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247067.02    | 0.05%             | 2035-03-15      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| GLP CAPITAL LP / FIN II                | GLP Capital LP / GLP Financing II Inc                     | CUSIP: 361841AW9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    565000 | PA      | $563417.55    | 0.11%             | 2037-11-01      | Fixed         | 5.75%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A         | Ginnie Mae II Pool                                        | CUSIP: 3618N53W7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1993409 | PA      | $1971821.09   | 0.39%             | 2055-12-20      | Fixed         | 4.50%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A         | Ginnie Mae II Pool                                        | CUSIP: 3618N5EU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3221450 | PA      | $3238775.46   | 0.64%             | 2055-01-20      | Fixed         | 5.00%                 | No            | 2                  | On Loan: No      |
| Government National Mortgage A         | Ginnie Mae II Pool                                        | CUSIP: 3618N5PK9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3163672 | PA      | $3230844.12   | 0.64%             | 2055-06-20      | Fixed         | 6.00%                 | No            | 2                  | On Loan: No      |
| PACIFICORP                             | PacifiCorp                                                | CUSIP: 695114DF2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   3810000 | PA      | $3865001.16   | 0.76%             | 2055-09-15      | Variable      | 7.38%                 | No            | 2                  | On Loan: No      |
| U.S. Bank Money Market Deposit Account | U.S. Bank Money Market Deposit Account                    | CUSIP: 8AMMF0A84<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  47284692 | NS      | $47284691.64  | 9.33%             |  |  |  | No            | N/A                | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912810FB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19110000 | PA      | $19969203.56  | 3.94%             | 2027-11-15      | Fixed         | 6.12%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912810FF0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19165000 | PA      | $20092556.10  | 3.96%             | 2028-11-15      | Fixed         | 5.25%                 | No            | 2                  | On Loan: No      |
| US TREASURY N/B                        | United States Treasury Note/Bond                          | CUSIP: 912810QN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18850000 | PA      | $19695304.69  | 3.89%             | 2041-02-15      | Fixed         | 4.75%                 | No            | 2                  | On Loan: No      |
| FWD GROUP HOLDINGS LTD                 | FWD Group Holdings Ltd                                    | CUSIP: YX8916133<br>LEI: 254900HEGGDS8WU5QZ97 | Long             | DBT              | CORP              | KY        |    550000 | PA      | $616565.82    | 0.12%             | 2031-07-02      | Fixed         | 7.63%                 | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2026-04-27

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer