# EDGAR Filing Document

**Accession Number:** 0001605941
**File Stem:** 0001752724-25-153141
**Filing Date:** 2025-6
**Character Count:** 262470
**Document Hash:** fcfc1d372d0da7c2f7ca3150fc8a4587
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-153141.hdr.sgml**: 20250624

**ACCESSION NUMBER**: 0001752724-25-153141

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250624

**DATE AS OF CHANGE**: 20250624

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 1290 Funds
- **CENTRAL INDEX KEY:** 0001605941

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22959
- **FILM NUMBER:** 251068017

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 212-554-1234

**MAIL ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** 1290 Funds Trust
- **DATE OF NAME CHANGE:** 20140418

## Series and Classes Contracts Data

### 1290 Loomis Sayles Multi-Asset Income Fund (Series ID: S000052766)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000165718 | Class A      | TNXAX           |
| C000165720 | Class I      | TNVDX           |
| C000165721 | Class R      | TNYRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** 1290 Funds

- **b. Investment Company Act file number:** 811-22959

- **c. CIK number of Registrant:** 0001605941

- **d. LEI of Registrant:** 5493000PXD0IQID6H351

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

  - **Street Address 1:** 1345 Avenue of the Americas

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10105

  - **Telephone number:** 212-554-1234

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

- **a. Name of Series:** 1290 Loomis Sayles Multi-Asset Income Fund

- **b. EDGAR series identifier (if any):** S000052766

- **c. LEI of Series:** 549300RTGLB7B6ULNJ31

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $80132410.26

**Total Liabilities:** $2503554.95

**Net Assets:** $77628855.31

**Cash Not Reported:** $1279351.28

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 9.02000000 | **1-Year:** 226.01000000 | **5-Year:** 1772.38000000 | **10-Year:** 4292.33000000 | **30-Year:** 4211.48000000

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

- **3-Month:** 3.45000000 | **1-Year:** 864.02000000 | **5-Year:** 3158.03000000 | **10-Year:** 1155.54000000 | **30-Year:** 370.88000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000165718 | 0.78%                | -1.64%               | -0.17%               |
| Class ID C000165720 | 0.80%                | -1.61%               | -0.15%               |
| Class ID C000165721 | 0.77%                | -1.66%               | -0.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $392292.20               | $-202738.10                                |
| Month 2  | $30368.33                | $-1659581.87                               |
| Month 3  | $-283012.05              | $-299136.38                                |

**Designated Index Information**

- **Index Name:** Ex-Derivatives Securities Portfolio

- **Index Identifier:** AX-S16973

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NuStar Logistics LP                                                       | NuStar Logistics LP                                                       | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174987.75    | 0.23%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                           | Intercontinental Exchange, Inc.                                           | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |       259 | NS      | $43504.23     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordstrom, Inc.                                                           | Nordstrom, Inc.                                                           | CUSIP: 655664AT7<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |     24000 | PA      | $21240.00     | 0.03%             | 2030-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                                  | Electricite de France SA                                                  | CUSIP: 28504DAF0<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | NUSS              | FR        |    290000 | PA      | $294932.49    | 0.38%             | 2035-01-13      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| BNK Financial Group, Inc.                                                 | BNK Financial Group, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      1275 | NS      | $9283.33      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                            | BNP Paribas SA                                                            | CUSIP: 09659W2X1<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    220000 | PA      | $224617.14    | 0.29%             | 2035-02-20      | Variable      | 5.74%                 | Yes           |                  2 | On Loan: —       |
| Ciena Corp.                                                               | Ciena Corp.                                                               | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |    179000 | PA      | $164903.75    | 0.21%             | 2030-01-31      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: —       |
| COPT Defense Properties                                                   | COPT Defense Properties                                                   | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |       416 | NS      | $10861.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                              | Oracle Corp.                                                              | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       391 | NS      | $55021.52     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp. plc                                                           | Eaton Corp. plc                                                           | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |       170 | NS      | $50042.90     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp.                                                    | Monster Beverage Corp.                                                    | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |       837 | NS      | $50320.44     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcadyan Technology Corp.                                                 | Arcadyan Technology Corp.                                                 | CUSIP: N/A<br>LEI: 254900R5W61G3GO1Q067       | Long             | EC               | CORP              | TW        |      1152 | NS      | $8500.52      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Lam Research Corp.                                                        | Lam Research Corp.                                                        | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |       637 | NS      | $45653.79     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsui & Co. Ltd.                                                         | Mitsui & Co. Ltd.                                                         | CUSIP: N/A<br>LEI: 2NRSB4GOU9DD6CNW5R48       | Long             | EC               | CORP              | JP        |      4100 | NS      | $83101.13     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Millicom International Cellular SA                                        | Millicom International Cellular SA                                        | CUSIP: N/A<br>LEI: 549300CTHC1CP86P2G96       | Long             | DBT              | CORP              | LU        |    245000 | PA      | $218221.50    | 0.28%             | 2031-04-27      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| BlackRock, Inc.                                                           | BlackRock, Inc.                                                           | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |       208 | NS      | $190166.08    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Citadel LP                                                                | Citadel LP                                                                | CUSIP: 17288XAC8<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56305.99     | 0.07%             | 2032-01-23      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                                         | Exxon Mobil Corp.                                                         | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      5601 | NS      | $591633.63    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet, Inc.                                                            | Alphabet, Inc., Class A                                                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      1469 | NS      | $233277.20    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream Operations LP                                              | Hess Midstream Operations LP                                              | CUSIP: 428102AH0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    192000 | PA      | $192391.68    | 0.25%             | 2028-03-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Walmart, Inc.                                                             | Walmart, Inc.                                                             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      1063 | NS      | $103376.75    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group, Inc.                                                           | CME Group, Inc.                                                           | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       512 | NS      | $141864.96    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology, Inc.                                                | Microchip Technology, Inc.                                                | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |      1105 | NS      | $50918.40     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp.                                                            | Amphenol Corp., Class A                                                   | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |       871 | NS      | $67023.45     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Anadolu Efes Biracilik ve Malt Sanayii A/S                                | Anadolu Efes Biracilik ve Malt Sanayii A/S, Class B                       | CUSIP: N/A<br>LEI: 7890006LGARYVIPOJX03       | Long             | EC               | CORP              | TR        |       899 | NS      | $3727.27      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of Turkiye                                                       | Republic of Turkiye                                                       | CUSIP: N/A<br>LEI: 5493000PCHOG3B6S3Q85       | Long             | DBT              | NUSS              | TR        |  17390000 | PA      | $413125.30    | 0.53%             | 2026-08-12      | Fixed         | 36.00%                | No            |                  2 | On Loan: No      |
| Chubb Ltd.                                                                | Chubb Ltd.                                                                | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |        63 | NS      | $18023.04     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Domestic Operating Co., Inc.                                       | Hilton Domestic Operating Co., Inc.                                       | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    247000 | PA      | $248852.50    | 0.32%             | 2029-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG                             | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (Registered)    | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |       219 | NS      | $149253.44    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Dell International LLC                                                    | Dell International LLC                                                    | CUSIP: 24703DBL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $160108.03    | 0.21%             | 2033-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Huntington Bancshares, Inc.                                               | Huntington Bancshares, Inc.                                               | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |      2803 | NS      | $40727.59     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VT Co. Ltd.                                                               | VT Co. Ltd.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       203 | NS      | $5469.50      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                                              | NVIDIA Corp.                                                              | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      5845 | NS      | $636637.40    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex, Inc.                                                             | Paychex, Inc.                                                             | CUSIP: 704326AB3<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |    350000 | PA      | $354927.27    | 0.46%             | 2032-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                                          | Amazon.com, Inc.                                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      4275 | NS      | $788395.50    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiwa House Industry Co. Ltd.                                             | Daiwa House Industry Co. Ltd.                                             | CUSIP: N/A<br>LEI: 353800K9WXR9XRZJZI46       | Long             | EC               | CORP              | JP        |      2800 | NS      | $100951.18    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Acter Group Corp. Ltd.                                                    | Acter Group Corp. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1076 | NS      | $13507.61     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Allison Transmission, Inc.                                                | Allison Transmission, Inc.                                                | CUSIP: 019736AG2<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    216000 | PA      | $193050.00    | 0.25%             | 2031-01-30      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| JBS USA LUX Sarl                                                          | JBS USA LUX Sarl                                                          | CUSIP: 472140AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $77163.20     | 0.10%             | 2035-04-20      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Anglo American plc                                                        | Anglo American plc                                                        | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |      1894 | NS      | $51214.67     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Sigurd Microelectronics Corp.                                             | Sigurd Microelectronics Corp.                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      3510 | NS      | $7912.67      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Keppel DC REIT                                                            | Keppel DC REIT                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |     16585 | NS      | $27427.92     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CTR Partnership LP                                                        | CTR Partnership LP                                                        | CUSIP: 126458AE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    186000 | PA      | $178095.00    | 0.23%             | 2028-06-30      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Argentine Republic                                                        | Argentine Republic                                                        | CUSIP: 040114HT0<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    755000 | PA      | $501320.00    | 0.65%             | 2035-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                              | UBS Group AG                                                              | CUSIP: 225401BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    310000 | PA      | $299963.16    | 0.39%             | 2030-02-10      | Variable      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| TransMontaigne Partners LLC                                               | TransMontaigne Partners LLC                                               | CUSIP: 89377AAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10066.00     | 0.01%             | 2030-06-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                                  | Bristol-Myers Squibb Co.                                                  | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |       719 | NS      | $36093.80     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                                                           | Eli Lilly & Co.                                                           | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       193 | NS      | $173497.35    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp.                                                             | Danaher Corp.                                                             | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       190 | NS      | $37872.70     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| JW Aluminum Continuous Cast Co.                                           | JW Aluminum Continuous Cast Co.                                           | CUSIP: 46648XAB4<br>LEI: 5493008HJ8BWQC8XAF08 | Long             | DBT              | CORP              | US        |     82000 | PA      | $80252.58     | 0.10%             | 2030-04-01      | Fixed         | 10.25%                | Yes           |                  2 | On Loan: No      |
| Stryker Corp.                                                             | Stryker Corp.                                                             | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       102 | NS      | $38139.84     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International, Inc.                                                 | Enova International, Inc.                                                 | CUSIP: 29357KAH6<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |     73000 | PA      | $77436.94     | 0.10%             | 2028-12-15      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| CJ Corp.                                                                  | CJ Corp.                                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |        81 | NS      | $7082.87      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| XD, Inc.                                                                  | XD, Inc.                                                                  | CUSIP: N/A<br>LEI: 655600SO97YJOKFJGL95       | Long             | EC               | CORP              | KY        |       734 | NS      | $3397.62      | 0.00%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Global Aircraft Leasing Co. Ltd.                                          | Global Aircraft Leasing Co. Ltd.                                          | CUSIP: 37960JAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    174000 | PA      | $172695.00    | 0.22%             | 2027-09-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Alphabet, Inc.                                                            | Alphabet, Inc., Class C                                                   | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      3674 | NS      | $591109.86    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodman Group                                                             | Goodman Group                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |       341 | NS      | $6548.46      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cummins, Inc.                                                             | Cummins, Inc.                                                             | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |       240 | NS      | $70521.60     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp.                                                   | Boston Scientific Corp.                                                   | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |       564 | NS      | $58018.68     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit, Inc.                                                              | Intuit, Inc.                                                              | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |        91 | NS      | $57099.77     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.                                     | International Business Machines Corp.                                     | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      1264 | NS      | $305660.48    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| KPJ Healthcare Bhd.                                                       | KPJ Healthcare Bhd.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |     14500 | NS      | $9677.87      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                              | Marriott International, Inc., Class A                                     | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |       192 | NS      | $45807.36     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TMS International Corp.                                                   | TMS International Corp.                                                   | CUSIP: 87261QAC7<br>LEI: 549300L4K0F1YF8WKF23 | Long             | DBT              | CORP              | US        |     43000 | PA      | $39667.50     | 0.05%             | 2029-04-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Centerspace                                                               | Centerspace                                                               | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |       376 | NS      | $22695.36     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands, Inc.                                                | Constellation Brands, Inc., Class A                                       | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |       188 | NS      | $35257.52     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                                               | Phillips 66                                                               | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |       700 | NS      | $72842.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                                      | JPMorgan Chase & Co.                                                      | CUSIP: 46647PEW2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91421.43     | 0.12%             | 2036-01-24      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Danone SA                                                                 | Danone SA                                                                 | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |      1480 | NS      | $127355.90    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanofi SA                                                                 | Sanofi SA                                                                 | CUSIP: N/A<br>LEI: 549300E9PC51EN656011       | Long             | EC               | CORP              | FR        |      1244 | NS      | $135148.55    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Telecom Italia Capital SA                                                 | Telecom Italia Capital SA                                                 | CUSIP: 87927VAR9<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |     16000 | PA      | $16389.92     | 0.02%             | 2036-07-18      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Oversea-Chinese Banking Corp. Ltd.                                        | Oversea-Chinese Banking Corp. Ltd.                                        | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |      6000 | NS      | $74190.34     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Co.                                           | Virginia Electric and Power Co.                                           | CUSIP: 927804GR9<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59238.95     | 0.08%             | 2034-08-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                          | Deutsche Bank AG                                                          | CUSIP: 251526CT4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $208517.26    | 0.27%             | 2034-02-10      | Variable      | 7.08%                 | No            |                  2 | On Loan: No      |
| Tuya, Inc.                                                                | Tuya, Inc.                                                                | CUSIP: 90114C107<br>LEI: 254900XKWS2MIZHXCO08 | Long             | EC               | CORP              | KY        |      1310 | NS      | $3078.50      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                                               | Capital One Financial Corp.                                               | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    260000 | PA      | $255760.52    | 0.33%             | 2036-01-30      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                        | Banco Bilbao Vizcaya Argentaria SA                                        | CUSIP: 05946KAQ4<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $204823.46    | 0.26%             | 2029-03-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Apple, Inc.                                                               | Apple, Inc.                                                               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      2487 | NS      | $528487.50    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco plc                                              | British American Tobacco plc                                              | CUSIP: N/A<br>LEI: 213800FKA5MF17RJKT63       | Long             | EC               | CORP              | GB        |      2572 | NS      | $111331.84    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| CCC SA                                                                    | CCC SA                                                                    | CUSIP: N/A<br>LEI: 259400NWPQ2HCSMZP970       | Long             | EC               | CORP              | PL        |       170 | NS      | $9782.13      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Alta Equipment Group, Inc.                                                | Alta Equipment Group, Inc.                                                | CUSIP: 02128LAC0<br>LEI: 549300DGOB28CLGS1X27 | Long             | DBT              | CORP              | US        |     75000 | PA      | $63071.25     | 0.08%             | 2029-06-01      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| Go Daddy Operating Co. LLC                                                | Go Daddy Operating Co. LLC                                                | CUSIP: 38016LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     71000 | PA      | $66020.06     | 0.09%             | 2029-03-01      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Automatic Data Processing, Inc.                                           | Automatic Data Processing, Inc.                                           | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       135 | NS      | $40581.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv, Inc.                                                              | Fiserv, Inc.                                                              | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |       209 | NS      | $38575.13     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy, Inc.                                                      | NextEra Energy, Inc.                                                      | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      3056 | NS      | $204385.28    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirin Holdings Co. Ltd.                                                   | Kirin Holdings Co. Ltd.                                                   | CUSIP: 497350108<br>LEI: 353800GBVL72LLMTYM96 | Long             | EC               | CORP              | JP        |      6300 | NS      | $95130.09     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Ahead DB Holdings LLC                                                     | Ahead DB Holdings LLC                                                     | CUSIP: 00867FAA6<br>LEI: 254900L07WFL833JX193 | Long             | DBT              | CORP              | US        |     39000 | PA      | $37828.05     | 0.05%             | 2028-05-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Onewo, Inc.                                                               | Onewo, Inc., Class H                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      2700 | NS      | $7467.51      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                                         | HSBC Holdings plc                                                         | CUSIP: 404280EV7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    380000 | PA      | $370975.00    | 0.48%             | 2031-08-27      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| Gladstone Commercial Corp.                                                | Gladstone Commercial Corp.                                                | CUSIP: 376536108<br>LEI: 529900EVVV534W8R0T32 | Long             | EC               | CORP              | US        |       478 | NS      | $6754.14      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DISH Network Corp.                                                        | DISH Network Corp.                                                        | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    183000 | PA      | $191692.50    | 0.25%             | 2027-11-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Randon SA Implementos e Participacoes                                     | Randon SA Implementos e Participacoes (Preference)                        | CUSIP: N/A<br>LEI: 254900LW6AGK8N452319       | Long             | EC               | CORP              | BR        |      2532 | NS      | $4015.40      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty LP                                                         | Vornado Realty LP                                                         | CUSIP: 929043AK3<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              | CORP              | US        |     23000 | PA      | $22115.88     | 0.03%             | 2026-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Oriental Republic of Uruguay                                              | Oriental Republic of Uruguay                                              | CUSIP: 760942BF8<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |  15370000 | PA      | $367556.46    | 0.47%             | 2033-07-20      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Atour Lifestyle Holdings Ltd.                                             | Atour Lifestyle Holdings Ltd.                                             | CUSIP: 04965M106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |       290 | NS      | $7087.60      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores, Inc.                                                         | Ross Stores, Inc.                                                         | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |       337 | NS      | $46843.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| McAfee Corp.                                                              | McAfee Corp.                                                              | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |     57000 | PA      | $49069.59     | 0.06%             | 2030-02-15      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Carpenter Technology Corp.                                                | Carpenter Technology Corp.                                                | CUSIP: 144285AM5<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | DBT              | CORP              | US        |    169000 | PA      | $173973.67    | 0.22%             | 2030-03-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| National Health Investors, Inc.                                           | National Health Investors, Inc.                                           | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |       340 | NS      | $25727.80     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Raydium Semiconductor Corp.                                               | Raydium Semiconductor Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |       539 | NS      | $5485.55      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| American Express Co.                                                      | American Express Co.                                                      | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       172 | NS      | $45822.52     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Stem, Inc.                                                                | Stem, Inc.                                                                | CUSIP: 85859NAA0<br>LEI: 549300GVWIYFILN5V546 | Long             | DBT              | CORP              | US        |    245000 | PA      | $59412.51     | 0.08%             | 2028-12-01      | Fixed         | 0.50%                 | Yes           |                  2 | On Loan: No      |
| NatWest Group plc                                                         | NatWest Group plc                                                         | CUSIP: 639057AQ1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $206250.00    | 0.27%             | 2033-11-10      | Variable      | 8.12%                 | No            |                  2 | On Loan: No      |
| Uber Technologies, Inc.                                                   | Uber Technologies, Inc.                                                   | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |       738 | NS      | $59785.38     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kroger Co. (The)                                                          | Kroger Co. (The)                                                          | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |      1084 | NS      | $78275.64     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp. (The)                                                      | Allstate Corp. (The)                                                      | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |       113 | NS      | $22418.07     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AVI Ltd.                                                                  | AVI Ltd.                                                                  | CUSIP: N/A<br>LEI: 378900C2D68805FAAF75       | Long             | EC               | CORP              | ZA        |      1234 | NS      | $5997.10      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                                         | Johnson & Johnson                                                         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      3013 | NS      | $470962.03    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                                                         | Merck & Co., Inc.                                                         | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      3135 | NS      | $267102.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer SA                                                                | Embraer SA                                                                | CUSIP: N/A<br>LEI: 549300EM51WYXFHUY333       | Long             | EC               | CORP              | BR        |       750 | NS      | $8612.55      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard, Inc.                                                          | Mastercard, Inc., Class A                                                 | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       165 | NS      | $90429.90     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co.                                                            | DTE Energy Co.                                                            | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |       519 | NS      | $71103.00     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Corp. II                                                 | Blue Owl Capital Corp. II                                                 | CUSIP: 69121DAD2<br>LEI: 549300MMNWZO5XKDDX47 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72915.93     | 0.09%             | 2026-11-15      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd.                                              | Royal Caribbean Cruises Ltd.                                              | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    274000 | PA      | $272153.24    | 0.35%             | 2031-09-30      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| AT&T, Inc.                                                                | AT&T, Inc.                                                                | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      1845 | NS      | $51106.50     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                                                     | American Homes 4 Rent, Class A                                            | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |       860 | NS      | $32155.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Momentum Group Ltd.                                                       | Momentum Group Ltd.                                                       | CUSIP: N/A<br>LEI: 98450051AABCKEC84814       | Long             | EC               | CORP              | ZA        |      5476 | NS      | $9997.44      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Howard Hughes Holdings, Inc.                                              | Howard Hughes Holdings, Inc.                                              | CUSIP: 44267T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        35 | NS      | $2328.55      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Akzo Nobel NV                                                             | Akzo Nobel NV                                                             | CUSIP: N/A<br>LEI: 724500XYIJUGXAA5QD70       | Long             | EC               | CORP              | NL        |      1506 | NS      | $94789.37     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Panther Escrow Issuer LLC                                                 | Panther Escrow Issuer LLC                                                 | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    109000 | PA      | $111452.50    | 0.14%             | 2031-06-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Pfizer, Inc.                                                              | Pfizer, Inc.                                                              | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      6545 | NS      | $159763.45    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Holding Co. LLC                                                       | PBF Holding Co. LLC                                                       | CUSIP: 69318FAM0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $35210.80     | 0.05%             | 2030-03-15      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Summit Midstream Holdings LLC                                             | Summit Midstream Holdings LLC                                             | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     91000 | PA      | $89597.69     | 0.12%             | 2029-10-31      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| Pitney Bowes, Inc.                                                        | Pitney Bowes, Inc.                                                        | CUSIP: 724479AP5<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |     79000 | PA      | $78642.92     | 0.10%             | 2027-03-15      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| Foschini Group Ltd.                                                       | Foschini Group Ltd.                                                       | CUSIP: N/A<br>LEI: 3789PTO7LG718IG59F97       | Long             | EC               | CORP              | ZA        |       914 | NS      | $6351.87      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Viavi Solutions, Inc.                                                     | Viavi Solutions, Inc.                                                     | CUSIP: 925550AF2<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |    188000 | PA      | $171803.80    | 0.22%             | 2029-10-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: —       |
| Antares Holdings LP                                                       | Antares Holdings LP                                                       | CUSIP: 03666HAH4<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249227.23    | 0.32%             | 2029-10-23      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Bills                                                       | CUSIP: 912797QA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   5550000 | PA      | $5501554.05   | 7.09%             | 2025-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Beacon Roofing Supply, Inc.                                               | Beacon Roofing Supply, Inc.                                               | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95327.75     | 0.12%             | 2032-04-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Arches Buyer, Inc.                                                        | Arches Buyer, Inc.                                                        | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |     98000 | PA      | $87710.00     | 0.11%             | 2028-12-01      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| GrubHub Holdings, Inc.                                                    | GrubHub Holdings, Inc.                                                    | CUSIP: 40010PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     96000 | PA      | $85920.00     | 0.11%             | 2027-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| KCC Corp.                                                                 | KCC Corp.                                                                 | CUSIP: N/A<br>LEI: 988400BF3M5UFPF3PH17       | Long             | EC               | CORP              | KR        |        35 | NS      | $6143.16      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Industria de Diseno Textil SA                                             | Industria de Diseno Textil SA                                             | CUSIP: N/A<br>LEI: 549300TTCXZOGZM2EY83       | Long             | EC               | CORP              | ES        |      1434 | NS      | $76741.71     | 0.10%             |  |  |  | No            |                  2 | On Loan: —       |
| Tripod Technology Corp.                                                   | Tripod Technology Corp.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1347 | NS      | $7728.31      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Anadolu Anonim Turk Sigorta Sirketi                                       | Anadolu Anonim Turk Sigorta Sirketi                                       | CUSIP: N/A<br>LEI: 7890003EBGYKQKKFKE32       | Long             | EC               | CORP              | TR        |      2706 | NS      | $6147.32      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie de Saint-Gobain SA                                                    | Cie de Saint-Gobain SA                                                    | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |      1045 | NS      | $113055.60    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Tesla, Inc.                                                               | Tesla, Inc.                                                               | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       731 | NS      | $206258.96    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Directv Financing LLC                                                     | Directv Financing LLC                                                     | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    217000 | PA      | $205043.30    | 0.26%             | 2031-02-15      | Fixed         | 10.00%                | Yes           |                  2 | On Loan: No      |
| Everlight Electronics Co. Ltd.                                            | Everlight Electronics Co. Ltd.                                            | CUSIP: N/A<br>LEI: 2549005XKYNKN91J5J47       | Long             | EC               | CORP              | TW        |      3464 | NS      | $8296.36      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Post AG                                                          | Deutsche Post AG                                                          | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |      2385 | NS      | $101346.29    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Hydro One Ltd.                                                            | Hydro One Ltd.                                                            | CUSIP: 448811208<br>LEI: 5493007QZDXTP1W2VL44 | Long             | EC               | CORP              | CA        |      2500 | NS      | $96184.54     | 0.12%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Mr Price Group Ltd.                                                       | Mr Price Group Ltd.                                                       | CUSIP: N/A<br>LEI: 378900D3417C35C5D733       | Long             | EC               | CORP              | ZA        |       582 | NS      | $7417.19      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Marcopolo SA                                                              | Marcopolo SA (Preference)                                                 | CUSIP: N/A<br>LEI: 254900XL58LF2D2QUX37       | Long             | EC               | CORP              | BR        |      6600 | NS      | $8175.64      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC Group, Inc.                                                           | BGC Group, Inc.                                                           | CUSIP: 088929AB0<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |    345000 | PA      | $343967.83    | 0.44%             | 2025-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Sun Hung Kai Properties Ltd.                                              | Sun Hung Kai Properties Ltd.                                              | CUSIP: N/A<br>LEI: 529900LUMD393RD3S874       | Long             | EC               | CORP              | HK        |       500 | NS      | $4748.18      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Becton Dickinson & Co.                                                    | Becton Dickinson & Co.                                                    | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |       163 | NS      | $33755.67     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nucor Corp.                                                               | Nucor Corp.                                                               | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |       304 | NS      | $36288.48     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Honda Motor Co. Ltd.                                                      | Honda Motor Co. Ltd.                                                      | CUSIP: N/A<br>LEI: 549300P7ZYCQJ36CCS16       | Long             | EC               | CORP              | JP        |      5000 | NS      | $50811.30     | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Rain Carbon, Inc.                                                         | Rain Carbon, Inc.                                                         | CUSIP: 75079LAB7<br>LEI: 25490038N6JQH7QXUK52 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81300.00     | 0.10%             | 2029-09-01      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| Prudential Financial, Inc.                                                | Prudential Financial, Inc.                                                | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |       334 | NS      | $34305.14     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                                      | JPMorgan Chase & Co.                                                      | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203132.60    | 0.26%             | 2036-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                               | United Parcel Service, Inc., Class B                                      | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |      1206 | NS      | $114931.80    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnetite XXVII Ltd.                                                      | Magnetite XXVII Ltd., Series 2020-27A, Class AR                           | CUSIP: 55955EAL2<br>LEI: 5493003N6WY184N72D84 | Long             | ABS-CBDO         | CORP              | KY        |    335000 | PA      | $335122.95    | 0.43%             | 2034-10-20      | Floating      | 5.67%                 | Yes           |                  2 | On Loan: No      |
| GGAM Finance Ltd.                                                         | GGAM Finance Ltd.                                                         | CUSIP: 36170JAB2<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |     13000 | PA      | $13113.75     | 0.02%             | 2026-05-15      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Brinker International, Inc.                                               | Brinker International, Inc.                                               | CUSIP: 109641AK6<br>LEI: 52990067JY6PBGJNTG76 | Long             | DBT              | CORP              | US        |     81000 | PA      | $84746.25     | 0.11%             | 2030-07-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| TransAlta Corp.                                                           | TransAlta Corp.                                                           | CUSIP: 89346DAH0<br>LEI: 984500EE2ADD850F1C96 | Long             | DBT              | CORP              | CA        |     28000 | PA      | $29266.16     | 0.04%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Evergreen Acqco 1 LP                                                      | Evergreen Acqco 1 LP                                                      | CUSIP: 30015DAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $87231.25     | 0.11%             | 2028-04-26      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| Newmark Group, Inc.                                                       | Newmark Group, Inc.                                                       | CUSIP: 65158NAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     62000 | PA      | $64842.70     | 0.08%             | 2029-01-12      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Omega Healthcare Investors, Inc.                                          | Omega Healthcare Investors, Inc.                                          | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |       785 | NS      | $30654.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Orix JREIT, Inc.                                                          | Orix JREIT, Inc.                                                          | CUSIP: N/A<br>LEI: 353800WVNTBIU65TA247       | Long             | EC               | CORP              | JP        |        21 | NS      | $26407.89     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                                                  | Vinci SA                                                                  | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |      1063 | NS      | $147637.32    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Johnson Controls International plc                                        | Johnson Controls International plc                                        | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | IE        |      1027 | NS      | $86165.30     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc.                               | Apollo Commercial Real Estate Finance, Inc.                               | CUSIP: 03762UAD7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | DBT              | CORP              | US        |    104000 | PA      | $96040.88     | 0.12%             | 2029-06-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Alior Bank SA                                                             | Alior Bank SA                                                             | CUSIP: N/A<br>LEI: 259400QHDOZWMJ103294       | Long             | EC               | CORP              | PL        |       341 | NS      | $9224.51      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                                       | LVMH Moet Hennessy Louis Vuitton SE                                       | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |       329 | NS      | $181844.06    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| KKR & Co., Inc.                                                           | KKR & Co., Inc.                                                           | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |       295 | NS      | $33709.65     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp. (The)                                                   | Progressive Corp. (The)                                                   | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |       191 | NS      | $53812.34     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Azrieli Group Ltd.                                                        | Azrieli Group Ltd.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |       356 | NS      | $25904.78     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                                                | Liberty Mutual Group, Inc.                                                | CUSIP: 53079EBL7<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    230000 | PA      | $141737.50    | 0.18%             | 2061-02-01      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Invincible Investment Corp.                                               | Invincible Investment Corp.                                               | CUSIP: N/A<br>LEI: 353800JY6M2692VAV685       | Long             | EC               | CORP              | JP        |        58 | NS      | $23933.42     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Glencore plc                                                              | Glencore plc                                                              | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | JE        |     19911 | NS      | $64852.49     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Pediatrix Medical Group, Inc.                                             | Pediatrix Medical Group, Inc.                                             | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $16401.60     | 0.02%             | 2030-02-15      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| CK Asset Holdings Ltd.                                                    | CK Asset Holdings Ltd.                                                    | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | KY        |      7100 | NS      | $29066.09     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic Services, Inc.                                                   | Republic Services, Inc.                                                   | CUSIP: 760759BC3<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50199.32     | 0.06%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Patrick Industries, Inc.                                                  | Patrick Industries, Inc.                                                  | CUSIP: 703343AD5<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |    198000 | PA      | $188040.60    | 0.24%             | 2029-05-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Solventum Corp.                                                           | Solventum Corp.                                                           | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |         1 | NS      | $66.12        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot, Inc. (The)                                                    | Home Depot, Inc. (The)                                                    | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      1320 | NS      | $475846.80    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                                                       | General Mills, Inc.                                                       | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |      2069 | NS      | $117395.06    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream Operations LP                                              | Hess Midstream Operations LP                                              | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $281628.00    | 0.36%             | 2030-02-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| AXA SA                                                                    | AXA SA                                                                    | CUSIP: N/A<br>LEI: F5WCUMTUM4RKZ1MAIE39       | Long             | EC               | CORP              | FR        |      3411 | NS      | $160632.77    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Deere & Co.                                                               | Deere & Co.                                                               | CUSIP: 244199BM6<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | DBT              | CORP              | US        |     85000 | PA      | $86821.19     | 0.11%             | 2055-01-19      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Pixart Imaging, Inc.                                                      | Pixart Imaging, Inc.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1091 | NS      | $7299.94      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Knife River Corp.                                                         | Knife River Corp.                                                         | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12000 | PA      | $12552.24     | 0.02%             | 2031-05-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Crowdstrike Holdings, Inc.                                                | Crowdstrike Holdings, Inc.                                                | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |    182000 | PA      | $168736.33    | 0.22%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: —       |
| Armor Holdco, Inc.                                                        | Armor Holdco, Inc.                                                        | CUSIP: 04625PAA9<br>LEI: 254900X6HLK0YPTHHF09 | Long             | DBT              | CORP              | US        |     34000 | PA      | $30940.00     | 0.04%             | 2029-11-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Western Midstream Operating LP                                            | Western Midstream Operating LP                                            | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20175.66     | 0.03%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| HUYA, Inc.                                                                | HUYA, Inc.                                                                | CUSIP: 44852D108<br>LEI: 549300WPEZ00T1MABE80 | Long             | EC               | CORP              | KY        |      2077 | NS      | $7809.52      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Telstra Group Ltd.                                                        | Telstra Group Ltd.                                                        | CUSIP: N/A<br>LEI: 894500WRW54CVN62K416       | Long             | EC               | CORP              | AU        |     37126 | NS      | $107252.58    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                                     | United Airlines, Inc.                                                     | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    228000 | PA      | $214320.00    | 0.28%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| UBS Group AG                                                              | UBS Group AG                                                              | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    270000 | PA      | $301387.50    | 0.39%             | 2033-11-13      | Variable      | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Credit Agricole SA                                                        | Credit Agricole SA                                                        | CUSIP: 225313AR6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    365000 | PA      | $345130.60    | 0.44%             | 2034-09-23      | Variable      | 6.70%                 | Yes           |                  2 | On Loan: No      |
| Telecom Italia Capital SA                                                 | Telecom Italia Capital SA                                                 | CUSIP: 87927VAV0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |    103000 | PA      | $107120.00    | 0.14%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Notes                                                       | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1475000 | PA      | $1527712.22   | 1.97%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                 | Williams Cos., Inc. (The)                                                 | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |       788 | NS      | $46153.16     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture Global Plaquemines LNG LLC                                        | Venture Global Plaquemines LNG LLC                                        | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28700.00     | 0.04%             | 2033-05-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Novelis Corp.                                                             | Novelis Corp.                                                             | CUSIP: 670001AE6<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |    228000 | PA      | $211497.36    | 0.27%             | 2030-01-30      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Southwestern Public Service Co.                                           | Southwestern Public Service Co.                                           | CUSIP: 845743BX0<br>LEI: OL6FE7QD5EQ3DOYEO258 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130009.62    | 0.17%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Victoria's Secret & Co.                                                   | Victoria's Secret & Co.                                                   | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |    100000 | PA      | $87000.00     | 0.11%             | 2029-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Sound Point CLO XXVII Ltd.                                                | Sound Point CLO XXVII Ltd., Series 2020-2A, Class AR                      | CUSIP: 83611VAS7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    340000 | PA      | $339078.26    | 0.44%             | 2034-10-25      | Floating      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                                  | PNC Financial Services Group, Inc. (The)                                  | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |       546 | NS      | $87736.74     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyosung TNC Corp.                                                         | Hyosung TNC Corp.                                                         | CUSIP: N/A<br>LEI: 988400BL3EUWYB39P076       | Long             | EC               | CORP              | KR        |         5 | NS      | $835.39       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Newfold Digital Holdings Group, Inc.                                      | Newfold Digital Holdings Group, Inc.                                      | CUSIP: 650929AA0<br>LEI: 549300UTQC2651SB0W88 | Long             | DBT              | CORP              | US        |     43000 | PA      | $26230.29     | 0.03%             | 2028-10-15      | Fixed         | 11.75%                | Yes           |                  2 | On Loan: No      |
| Travelers Cos., Inc. (The)                                                | Travelers Cos., Inc. (The)                                                | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |       102 | NS      | $26941.26     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicony Electronics Co. Ltd.                                              | Chicony Electronics Co. Ltd.                                              | CUSIP: N/A<br>LEI: 254900JBP5GB5B1IHS51       | Long             | EC               | CORP              | TW        |      2161 | NS      | $10405.34     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Church & Dwight Co., Inc.                                                 | Church & Dwight Co., Inc.                                                 | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |       424 | NS      | $42120.16     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill, Inc.                                              | Chipotle Mexican Grill, Inc.                                              | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       863 | NS      | $43598.76     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe, Inc.                                                               | Adobe, Inc.                                                               | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       125 | NS      | $46872.50     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Jane Street Group                                                         | Jane Street Group                                                         | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    199000 | PA      | $205094.38    | 0.26%             | 2031-04-30      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Altria Group, Inc.                                                        | Altria Group, Inc.                                                        | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      2204 | NS      | $130366.60    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| KEPCO Plant Service & Engineering Co. Ltd.                                | KEPCO Plant Service & Engineering Co. Ltd.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       331 | NS      | $10268.80     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Safestore Holdings plc                                                    | Safestore Holdings plc                                                    | CUSIP: N/A<br>LEI: 213800WGA3YSJC1YOH73       | Long             | EC               | CORP              | GB        |      2238 | NS      | $18775.36     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Encompass Health Corp.                                                    | Encompass Health Corp.                                                    | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |     29000 | PA      | $27468.51     | 0.04%             | 2031-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                       | Synchrony Financial                                                       | CUSIP: 87165BAU7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |    122000 | PA      | $124077.66    | 0.16%             | 2033-02-02      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Genertec Universal Medical Group Co. Ltd.                                 | Genertec Universal Medical Group Co. Ltd.                                 | CUSIP: N/A<br>LEI: 2549007JDMSRWFODDQ05       | Long             | EC               | CORP              | HK        |     13000 | NS      | $8598.95      | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| General Dynamics Corp.                                                    | General Dynamics Corp.                                                    | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |        41 | NS      | $11156.92     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity plc                                                       | TE Connectivity plc                                                       | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | IE        |       324 | NS      | $47427.12     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream, Inc.                                                        | DT Midstream, Inc.                                                        | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     59000 | PA      | $54264.07     | 0.07%             | 2031-06-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: —       |
| Deere & Co.                                                               | Deere & Co.                                                               | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       109 | NS      | $50528.04     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp.                                                               | Sysco Corp.                                                               | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      1388 | NS      | $99103.20     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance, Inc.                                            | Walgreens Boots Alliance, Inc.                                            | CUSIP: 931427AW8<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |    131000 | PA      | $136270.13    | 0.18%             | 2029-08-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Mileage Plus Holdings LLC                                                 | Mileage Plus Holdings LLC                                                 | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    119250 | PA      | $119222.57    | 0.15%             | 2027-06-20      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Fair Isaac Corp.                                                          | Fair Isaac Corp.                                                          | CUSIP: 303250AE4<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    167000 | PA      | $166373.75    | 0.21%             | 2026-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Bombardier, Inc.                                                          | Bombardier, Inc.                                                          | CUSIP: 097751AL5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $104819.00    | 0.14%             | 2034-05-01      | Fixed         | 7.45%                 | Yes           |                  2 | On Loan: No      |
| Tesco plc                                                                 | Tesco plc                                                                 | CUSIP: N/A<br>LEI: 2138002P5RNKC5W2JZ46       | Long             | EC               | CORP              | GB        |     13704 | NS      | $67702.13     | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Iberdrola SA                                                              | Iberdrola SA                                                              | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |     10266 | NS      | $184856.28    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                                               | Cie Financiere Richemont SA (Registered)                                  | CUSIP: N/A<br>LEI: 549300YIPGJ6UX2QPS51       | Long             | EC               | CORP              | CH        |       784 | NS      | $137972.98    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyocera Corp.                                                             | Kyocera Corp.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      8000 | NS      | $94670.58     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Directv Financing LLC                                                     | Directv Financing LLC                                                     | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $138330.00    | 0.18%             | 2030-02-01      | Fixed         | 8.88%                 | Yes           |                  2 | On Loan: No      |
| Sherwin-Williams Co. (The)                                                | Sherwin-Williams Co. (The)                                                | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |        97 | NS      | $34233.24     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TXC Corp.                                                                 | TXC Corp.                                                                 | CUSIP: N/A<br>LEI: 2549009ETP4MVNMFIU61       | Long             | EC               | CORP              | TW        |      2985 | NS      | $8259.78      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                                           | Citigroup, Inc.                                                           | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |       655 | NS      | $44788.90     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group plc                                                              | 3i Group plc                                                              | CUSIP: N/A<br>LEI: 35GDVHRBMFE7NWATNM84       | Long             | EC               | CORP              | GB        |      1722 | NS      | $97166.46     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                            | Broadcom, Inc.                                                            | CUSIP: 11135FBT7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    240000 | PA      | $227552.06    | 0.29%             | 2032-04-15      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| TAV Havalimanlari Holding A/S                                             | TAV Havalimanlari Holding A/S                                             | CUSIP: N/A<br>LEI: 789000PBM9TT5D88M597       | Long             | EC               | CORP              | TR        |       580 | NS      | $3442.81      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FinVolution Group                                                         | FinVolution Group                                                         | CUSIP: 31810T101<br>LEI: 3003000RAVUT809U6P08 | Long             | EC               | CORP              | KY        |       932 | NS      | $7372.12      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart, Inc.                                                             | Walmart, Inc.                                                             | CUSIP: 931142FP3<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    365000 | PA      | $367054.55    | 0.47%             | 2035-04-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Rollins, Inc.                                                             | Rollins, Inc.                                                             | CUSIP: 775711AA2<br>LEI: 549300F2A0BXT4SGWD84 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34725.29     | 0.04%             | 2035-02-24      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Blue Owl Capital Corp.                                                    | Blue Owl Capital Corp.                                                    | CUSIP: 69121KAH7<br>LEI: 2549000BD79OOCPF2L94 | Long             | DBT              | CORP              | US        |    180000 | PA      | $178325.73    | 0.23%             | 2029-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| LyondellBasell Industries NV                                              | LyondellBasell Industries NV, Class A                                     | CUSIP: N/A<br>LEI: BN6WCCZ8OVP3ITUUVN49       | Long             | EC               | CORP              | NL        |      1346 | NS      | $78350.66     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                            | Morgan Stanley                                                            | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    160000 | PA      | $158319.25    | 0.20%             | 2035-07-19      | Variable      | 5.32%                 | No            |                  2 | On Loan: No      |
| Samsung Securities Co. Ltd.                                               | Samsung Securities Co. Ltd.                                               | CUSIP: N/A<br>LEI: 988400RBTJTHNUOHE716       | Long             | EC               | CORP              | KR        |       288 | NS      | $10575.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Saks Global Enterprises LLC                                               | Saks Global Enterprises LLC                                               | CUSIP: 79380MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     73000 | PA      | $44015.35     | 0.06%             | 2029-12-15      | Fixed         | 11.00%                | Yes           |                  2 | On Loan: No      |
| CCO Holdings LLC                                                          | CCO Holdings LLC                                                          | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     85000 | PA      | $71315.00     | 0.09%             | 2034-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Elan Microelectronics Corp.                                               | Elan Microelectronics Corp.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1433 | NS      | $5869.46      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P Global, Inc.                                                          | S&P Global, Inc.                                                          | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |        91 | NS      | $45504.55     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Advancetek Enterprise Co. Ltd.                                            | Advancetek Enterprise Co. Ltd.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      2736 | NS      | $6159.27      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Raizen Fuels Finance SA                                                   | Raizen Fuels Finance SA                                                   | CUSIP: 75102XAE6<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |    375000 | PA      | $367425.00    | 0.47%             | 2037-02-25      | Fixed         | 6.70%                 | Yes           |                  2 | On Loan: No      |
| Eversource Energy                                                         | Eversource Energy                                                         | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |       647 | NS      | $38483.56     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesfarmers Ltd.                                                           | Wesfarmers Ltd.                                                           | CUSIP: N/A<br>LEI: 5493003L32ZX9557ST85       | Long             | EC               | CORP              | AU        |      2173 | NS      | $109014.79    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Freedom Mortgage Holdings LLC                                             | Freedom Mortgage Holdings LLC                                             | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    157000 | PA      | $159747.50    | 0.21%             | 2029-02-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Japan Tobacco, Inc.                                                       | Japan Tobacco, Inc.                                                       | CUSIP: N/A<br>LEI: 353800Z0ENYBQO0XRJ31       | Long             | EC               | CORP              | JP        |      2500 | NS      | $77056.23     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| NRG Energy, Inc.                                                          | NRG Energy, Inc.                                                          | CUSIP: 629377CQ3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    260000 | PA      | $240500.00    | 0.31%             | 2029-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| Otis Worldwide Corp.                                                      | Otis Worldwide Corp.                                                      | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |       388 | NS      | $37352.76     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Poly Property Services Co. Ltd.                                           | Poly Property Services Co. Ltd., Class H                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |      2263 | NS      | $9030.87      | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Allianz SE                                                                | Allianz SE                                                                | CUSIP: 018820AC4<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $205000.00    | 0.26%             | 2053-09-06      | Variable      | 6.35%                 | Yes           |                  2 | On Loan: No      |
| Sunac Services Holdings Ltd.                                              | Sunac Services Holdings Ltd.                                              | CUSIP: N/A<br>LEI: 549300K4OFRSVPWF2W77       | Long             | EC               | CORP              | KY        |     35127 | NS      | $8333.81      | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Stellantis Finance US, Inc.                                               | Stellantis Finance US, Inc.                                               | CUSIP: 85855CAL4<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195325.84    | 0.25%             | 2035-03-18      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: No      |
| ITE Technology, Inc.                                                      | ITE Technology, Inc.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1613 | NS      | $6531.08      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| B&G Foods, Inc.                                                           | B&G Foods, Inc.                                                           | CUSIP: 05508WAC9<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99205.00     | 0.13%             | 2028-09-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                           | Goldman Sachs Group, Inc. (The), Series X                                 | CUSIP: 38141GA79<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    300000 | PA      | $305625.00    | 0.39%             | 2029-05-10      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                            | Broadcom, Inc.                                                            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1036 | NS      | $199398.92    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Communities, Inc.                                         | Taylor Morrison Communities, Inc.                                         | CUSIP: 87724RAA0<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |    178000 | PA      | $178930.94    | 0.23%             | 2027-06-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| UniCredit SpA                                                             | UniCredit SpA                                                             | CUSIP: 904678AQ2<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    240000 | PA      | $251100.00    | 0.32%             | 2034-04-02      | Variable      | 7.30%                 | Yes           |                  2 | On Loan: No      |
| LABL, Inc.                                                                | LABL, Inc.                                                                | CUSIP: 50168QAE5<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |     19000 | PA      | $16577.50     | 0.02%             | 2028-11-01      | Fixed         | 9.50%                 | Yes           |                  2 | On Loan: No      |
| N/A                                                                       | S&P 500 Index                                                             | CUSIP: 00CB96W06<br>LEI: N/A                  | N/A              | DE               |  | US        |       -18 | NC      | $-461880.00   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Jane Street Group                                                         | Jane Street Group                                                         | CUSIP: 47077WAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     74000 | PA      | $74387.02     | 0.10%             | 2033-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Axon Enterprise, Inc.                                                     | Axon Enterprise, Inc.                                                     | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40612.00     | 0.05%             | 2030-03-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| Long Ridge Energy LLC                                                     | Long Ridge Energy LLC                                                     | CUSIP: 54288CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     77000 | PA      | $73150.00     | 0.09%             | 2032-02-15      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Scripps Escrow II, Inc.                                                   | Scripps Escrow II, Inc.                                                   | CUSIP: 81105DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    103000 | PA      | $78483.05     | 0.10%             | 2029-01-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| BAE Systems plc                                                           | BAE Systems plc                                                           | CUSIP: N/A<br>LEI: 8SVCSVKSGDWMW2QHOH83       | Long             | EC               | CORP              | GB        |      4609 | NS      | $106540.18    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                                       | Abbott Laboratories                                                       | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |       447 | NS      | $58445.25     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                                                      | Meta Platforms, Inc., Class A                                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1241 | NS      | $681309.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic plc                                                             | Medtronic plc                                                             | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |      2088 | NS      | $176978.88    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                                             | Koninklijke Ahold Delhaize NV                                             | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |      2103 | NS      | $86099.34     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Products and Chemicals, Inc.                                          | Air Products and Chemicals, Inc.                                          | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |       293 | NS      | $79429.37     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                                               | Capital One Financial Corp.                                               | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |       243 | NS      | $43803.18     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp.                                                    | Costco Wholesale Corp.                                                    | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       107 | NS      | $106411.50    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Multiplan Empreendimentos Imobiliarios SA                                 | Multiplan Empreendimentos Imobiliarios SA                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      2000 | NS      | $9049.98      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Commonwealth of Australia                                                 | Commonwealth of Australia                                                 | CUSIP: N/A<br>LEI: 213800J6B7JSBDETCB42       | Long             | DBT              | NUSS              | AU        |    710000 | PA      | $401843.79    | 0.52%             | 2035-06-21      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Manitowoc Co., Inc. (The)                                                 | Manitowoc Co., Inc. (The)                                                 | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30412.50     | 0.04%             | 2031-10-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Carrier Global Corp.                                                      | Carrier Global Corp.                                                      | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |       517 | NS      | $32333.18     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface, Inc.                                                           | Interface, Inc.                                                           | CUSIP: 458665AS5<br>LEI: 549300VXZWQOIDFPU355 | Long             | DBT              | CORP              | US        |     64000 | PA      | $62080.00     | 0.08%             | 2028-12-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Micron Technology, Inc.                                                   | Micron Technology, Inc.                                                   | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126213.39    | 0.16%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Allegiant Travel Co.                                                      | Allegiant Travel Co.                                                      | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |    170000 | PA      | $157037.50    | 0.20%             | 2027-08-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| TTM Technologies, Inc.                                                    | TTM Technologies, Inc.                                                    | CUSIP: 87305RAK5<br>LEI: 549300SC4BDOIS008048 | Long             | DBT              | CORP              | US        |    175000 | PA      | $162531.25    | 0.21%             | 2029-03-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Stonepeak Nile Parent LLC                                                 | Stonepeak Nile Parent LLC                                                 | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |    155000 | PA      | $157152.95    | 0.20%             | 2032-03-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| Synchrony Financial                                                       | Synchrony Financial                                                       | CUSIP: 87165BAV5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65685.00     | 0.08%             | 2030-08-02      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| VistaJet Malta Finance plc                                                | VistaJet Malta Finance plc                                                | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $87300.00     | 0.11%             | 2027-05-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Intesa Sanpaolo SpA                                                       | Intesa Sanpaolo SpA                                                       | CUSIP: 46115HCB1<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    265000 | PA      | $283424.44    | 0.37%             | 2054-06-20      | Variable      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Bonds                                                       | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1486579.65   | 1.91%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                                         | Philip Morris International, Inc.                                         | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      2140 | NS      | $366710.40    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX FLOW, Inc.                                                            | SPX FLOW, Inc.                                                            | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40297.60     | 0.05%             | 2030-04-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Foxsemicon Integrated Technology, Inc.                                    | Foxsemicon Integrated Technology, Inc.                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1078 | NS      | $9235.28      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Realty Income Corp.                                                       | Realty Income Corp.                                                       | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |       631 | NS      | $36509.66     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd.                                                   | DBS Group Holdings Ltd.                                                   | CUSIP: N/A<br>LEI: 5493007FKT78NKPM5V55       | Long             | EC               | CORP              | SG        |      2400 | NS      | $78003.22     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Whitestone REIT                                                           | Whitestone REIT                                                           | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1721 | NS      | $22441.84     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group plc                                               | Reckitt Benckiser Group plc                                               | CUSIP: N/A<br>LEI: 5493003JFSMOJG48V108       | Long             | EC               | CORP              | GB        |      1278 | NS      | $82400.36     | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Palantir Technologies, Inc.                                               | Palantir Technologies, Inc., Class A                                      | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |       742 | NS      | $87882.48     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| VFH Parent LLC                                                            | VFH Parent LLC                                                            | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     72000 | PA      | $73710.00     | 0.09%             | 2031-06-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Nordstrom, Inc.                                                           | Nordstrom, Inc.                                                           | CUSIP: 655664AR1<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |    121000 | PA      | $84430.17     | 0.11%             | 2044-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ITOCHU Corp.                                                              | ITOCHU Corp.                                                              | CUSIP: N/A<br>LEI: J48DJYXDTLHM30UMYI18       | Long             | EC               | CORP              | JP        |      1700 | NS      | $86581.34     | 0.11%             |  |  |  | No            |                  2 | On Loan: —       |
| Keurig Dr Pepper, Inc.                                                    | Keurig Dr Pepper, Inc.                                                    | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |      2475 | NS      | $85610.25     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp.                                                             | Comcast Corp., Class A                                                    | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      6253 | NS      | $213852.60    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| XTB SA                                                                    | XTB SA                                                                    | CUSIP: N/A<br>LEI: 259400AVUPSABLEXNT19       | Long             | EC               | CORP              | PL        |       492 | NS      | $10673.44     | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sitronix Technology Corp.                                                 | Sitronix Technology Corp.                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1076 | NS      | $7149.11      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JB Financial Group Co. Ltd.                                               | JB Financial Group Co. Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       739 | NS      | $8874.24      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Woodside Energy Group Ltd.                                                | Woodside Energy Group Ltd.                                                | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |      6008 | NS      | $79816.32     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Hugel, Inc.                                                               | Hugel, Inc.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |        13 | NS      | $3342.60      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Level 3 Financing, Inc.                                                   | Level 3 Financing, Inc.                                                   | CUSIP: 527298CB7<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |    179152 | PA      | $155862.24    | 0.20%             | 2029-06-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Cia de Saneamento de Minas Gerais Copasa MG                               | Cia de Saneamento de Minas Gerais Copasa MG                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      1100 | NS      | $4149.85      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd.                                       | Hong Kong Exchanges & Clearing Ltd.                                       | CUSIP: N/A<br>LEI: 213800YTVSXYQN17BW16       | Long             | EC               | CORP              | HK        |      1800 | NS      | $79096.39     | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                     | Bank of America Corp.                                                     | CUSIP: 06051GMB2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    350000 | PA      | $341160.05    | 0.44%             | 2035-08-15      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Synopsys, Inc.                                                            | Synopsys, Inc.                                                            | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49995.08     | 0.06%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                                              | Barclays plc                                                              | CUSIP: 06738ECH6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    265000 | PA      | $282592.29    | 0.36%             | 2034-06-27      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| Nintendo Co. Ltd.                                                         | Nintendo Co. Ltd.                                                         | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27       | Long             | EC               | CORP              | JP        |      1900 | NS      | $157203.80    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                        | T-Mobile USA, Inc.                                                        | CUSIP: 87264ADF9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    155000 | PA      | $154986.61    | 0.20%             | 2034-04-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| Blackstone, Inc.                                                          | Blackstone, Inc.                                                          | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      1113 | NS      | $146593.23    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MPH Acquisition Holdings LLC                                              | MPH Acquisition Holdings LLC                                              | CUSIP: 553283AG7<br>LEI: 5493002WXOPRPTXWTU06 | Long             | DBT              | CORP              | US        |     64006 | PA      | $49924.68     | 0.06%             | 2030-12-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Diageo plc                                                                | Diageo plc                                                                | CUSIP: N/A<br>LEI: 213800ZVIELEA55JMJ32       | Long             | EC               | CORP              | GB        |      3362 | NS      | $93732.84     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Netflix, Inc.                                                             | Netflix, Inc.                                                             | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       126 | NS      | $142596.72    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Federative Republic of Brazil                                             | Federative Republic of Brazil                                             | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    380000 | PA      | $379240.00    | 0.49%             | 2035-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Hyundai Rotem Co. Ltd.                                                    | Hyundai Rotem Co. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       125 | NS      | $9866.34      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Edison International                                                      | Edison International                                                      | CUSIP: 281020BC0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10094.13     | 0.01%             | 2030-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                | US Bancorp                                                                | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      2165 | NS      | $87336.10     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Millennium Escrow Corp.                                                   | Millennium Escrow Corp.                                                   | CUSIP: 60041CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $43500.00     | 0.06%             | 2026-08-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| TEGNA, Inc.                                                               | TEGNA, Inc.                                                               | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |    197000 | PA      | $182779.06    | 0.24%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                         | Wells Fargo & Co.                                                         | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |       902 | NS      | $64051.02     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabre GLBL, Inc.                                                          | Sabre GLBL, Inc.                                                          | CUSIP: 78573NAJ1<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95875.00     | 0.12%             | 2027-06-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: —       |
| Enviri Corp.                                                              | Enviri Corp.                                                              | CUSIP: 415864AM9<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | DBT              | CORP              | US        |     77000 | PA      | $73920.00     | 0.10%             | 2027-07-31      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Sunonwealth Electric Machine Industry Co. Ltd.                            | Sunonwealth Electric Machine Industry Co. Ltd.                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      2732 | NS      | $7354.69      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Samyang Foods Co. Ltd.                                                    | Samyang Foods Co. Ltd.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |        16 | NS      | $10918.04     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Xerox Holdings Corp.                                                      | Xerox Holdings Corp.                                                      | CUSIP: 98421MAA4<br>LEI: 5493000Y33XDVO2CXC18 | Long             | DBT              | CORP              | US        |    124000 | PA      | $123231.20    | 0.16%             | 2025-08-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Banco del Bajio SA                                                        | Banco del Bajio SA                                                        | CUSIP: N/A<br>LEI: 4469000001BD95FFLY16       | Long             | EC               | CORP              | MX        |      2159 | NS      | $5181.03      | 0.01%             |  |  |  | Yes           |                  1 | On Loan: No      |
| SunCoke Energy, Inc.                                                      | SunCoke Energy, Inc.                                                      | CUSIP: 86722AAD5<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | DBT              | CORP              | US        |     91000 | PA      | $83747.30     | 0.11%             | 2029-06-30      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Sirius Real Estate Ltd.                                                   | Sirius Real Estate Ltd.                                                   | CUSIP: N/A<br>LEI: 213800NURUF5W8QSK566       | Long             | EC               | CORP              | GG        |     22072 | NS      | $27194.49     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                                                       | Cisco Systems, Inc.                                                       | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      5612 | NS      | $323980.76    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                                                           | Starbucks Corp.                                                           | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      1830 | NS      | $146491.50    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| LABL, Inc.                                                                | LABL, Inc.                                                                | CUSIP: 50168QAF2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | DBT              | CORP              | US        |     79000 | PA      | $64582.50     | 0.08%             | 2031-10-01      | Fixed         | 8.62%                 | Yes           |                  2 | On Loan: No      |
| PepsiCo, Inc.                                                             | PepsiCo, Inc.                                                             | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      1820 | NS      | $246755.60    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning, Inc.                                                             | Corning, Inc.                                                             | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |      1365 | NS      | $60578.70     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                                                       | Fifth Third Bancorp                                                       | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      1894 | NS      | $68070.36     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kangwon Land, Inc.                                                        | Kangwon Land, Inc.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       777 | NS      | $8855.01      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Cognizant Technology Solutions Corp.                                      | Cognizant Technology Solutions Corp., Class A                             | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |       478 | NS      | $35166.46     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust, Inc.                                       | First Industrial Realty Trust, Inc.                                       | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       520 | NS      | $24741.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                                      | JPMorgan Chase & Co.                                                      | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |       652 | NS      | $159492.24    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| 3SBio, Inc.                                                               | 3SBio, Inc.                                                               | CUSIP: N/A<br>LEI: 529900P0TQC1E9Y7FN31       | Long             | EC               | CORP              | KY        |      5686 | NS      | $8768.45      | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Switzerland Government Bond                                               | Switzerland Government Bond                                               | CUSIP: N/A<br>LEI: 5067006OA1BJ88912Q83       | Long             | DBT              | NUSS              | CH        |    355000 | PA      | $428744.17    | 0.55%             | 2035-06-23      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| Starts Corp., Inc.                                                        | Starts Corp., Inc.                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |       700 | NS      | $18995.66     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Boardwalk REIT                                                            | Boardwalk REIT                                                            | CUSIP: 096631106<br>LEI: 549300RMNRTTJRCOYW23 | Long             | EC               | CORP              | CA        |       450 | NS      | $21220.44     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway, Inc.                                                  | Berkshire Hathaway, Inc., Class B                                         | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       386 | NS      | $205834.50    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                            | Morgan Stanley                                                            | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |       386 | NS      | $44552.12     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever plc                                                              | Unilever plc                                                              | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |      2750 | NS      | $174413.78    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Cheryong Electric Co. Ltd.                                                | Cheryong Electric Co. Ltd.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |        92 | NS      | $2016.04      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PPG Industries, Inc.                                                      | PPG Industries, Inc.                                                      | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |       354 | NS      | $38536.44     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services, Inc.                                                     | Quanta Services, Inc.                                                     | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       128 | NS      | $37464.32     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International, Inc.                                            | Somnigroup International, Inc.                                            | CUSIP: 88023UAH4<br>LEI: 549300HFEKVR3US71V91 | Long             | DBT              | CORP              | US        |    199000 | PA      | $184876.97    | 0.24%             | 2029-04-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Advanced Micro Devices, Inc.                                              | Advanced Micro Devices, Inc.                                              | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |       437 | NS      | $42541.95     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TrueNoord Capital DAC                                                     | TrueNoord Capital DAC                                                     | CUSIP: 89785GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |     77000 | PA      | $78426.04     | 0.10%             | 2030-03-01      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                                        | Energy Transfer LP                                                        | CUSIP: 29273VBE9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118401.08    | 0.15%             | 2035-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: —       |
| Tong Yang Industry Co. Ltd.                                               | Tong Yang Industry Co. Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      2151 | NS      | $8843.96      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                                         | HSBC Holdings plc                                                         | CUSIP: 404280EC9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    270000 | PA      | $295072.23    | 0.38%             | 2034-11-13      | Variable      | 7.40%                 | No            |                  2 | On Loan: No      |
| Holcim AG                                                                 | Holcim AG                                                                 | CUSIP: N/A<br>LEI: 529900EHPFPYHV6IQO98       | Long             | EC               | CORP              | CH        |      1055 | NS      | $117087.30    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| NOV, Inc.                                                                 | NOV, Inc.                                                                 | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |     18468 | NS      | $214413.48    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| UOL Group Ltd.                                                            | UOL Group Ltd.                                                            | CUSIP: N/A<br>LEI: 254900O9PRCWTMR86R25       | Long             | EC               | CORP              | SG        |      5900 | NS      | $26064.62     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| HP, Inc.                                                                  | HP, Inc.                                                                  | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |      1919 | NS      | $49068.83     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals, Inc.                                              | Vertex Pharmaceuticals, Inc.                                              | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |        98 | NS      | $49931.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Building Fund, Inc.                                                | Nippon Building Fund, Inc.                                                | CUSIP: N/A<br>LEI: 52990053R8NL2MB32172       | Long             | EC               | CORP              | JP        |        24 | NS      | $22257.66     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                                         | Lowe's Cos., Inc.                                                         | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |       247 | NS      | $55219.32     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices, Inc.                                                      | Analog Devices, Inc.                                                      | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |       182 | NS      | $35475.44     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CCO Holdings LLC                                                          | CCO Holdings LLC                                                          | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     84000 | PA      | $74550.00     | 0.10%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Starwood Property Trust, Inc.                                             | Starwood Property Trust, Inc.                                             | CUSIP: 85571BBE4<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     53000 | PA      | $53397.50     | 0.07%             | 2030-10-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Rakuten Group, Inc.                                                       | Rakuten Group, Inc.                                                       | CUSIP: 75102WAK4<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $211340.00    | 0.27%             | 2029-04-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| KIWOOM Securities Co. Ltd.                                                | KIWOOM Securities Co. Ltd.                                                | CUSIP: N/A<br>LEI: 988400O27CNGJA2QWJ18       | Long             | EC               | CORP              | KR        |       104 | NS      | $10023.21     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Schlumberger NV                                                           | Schlumberger NV                                                           | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |       969 | NS      | $32219.25     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream, Inc.                                                        | DT Midstream, Inc.                                                        | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     66000 | PA      | $61902.72     | 0.08%             | 2029-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Colgate-Palmolive Co.                                                     | Colgate-Palmolive Co.                                                     | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |      1795 | NS      | $165481.05    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials, Inc.                                                   | Applied Materials, Inc.                                                   | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |       284 | NS      | $42801.64     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                                                     | Dominion Energy, Inc., Series A                                           | CUSIP: 25746UDT3<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    185000 | PA      | $189696.24    | 0.24%             | 2055-02-01      | Variable      | 6.88%                 | No            |                  2 | On Loan: No      |
| Frontier Real Estate Investment Corp.                                     | Frontier Real Estate Investment Corp.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |        43 | NS      | $23848.79     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid plc                                                         | National Grid plc                                                         | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |      7249 | NS      | $104625.84    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Roche Holding AG                                                          | Roche Holding AG                                                          | CUSIP: N/A<br>LEI: 549300U41AUUVOAAOB37       | Long             | EC               | CORP              | CH        |       849 | NS      | $277016.66    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Allianz SE                                                                | Allianz SE (Registered)                                                   | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |       544 | NS      | $224384.05    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                        | T-Mobile USA, Inc.                                                        | CUSIP: 87264ADM4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    170000 | PA      | $162297.03    | 0.21%             | 2035-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Brand Industrial Services, Inc.                                           | Brand Industrial Services, Inc.                                           | CUSIP: 104931AA8<br>LEI: 549300B658W2BPDQMW42 | Long             | DBT              | CORP              | US        |     91000 | PA      | $86108.75     | 0.11%             | 2030-08-01      | Fixed         | 10.38%                | Yes           |                  2 | On Loan: No      |
| Garda World Security Corp.                                                | Garda World Security Corp.                                                | CUSIP: 36485MAN9<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    107000 | PA      | $104592.50    | 0.13%             | 2032-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Denso Corp.                                                               | Denso Corp.                                                               | CUSIP: N/A<br>LEI: 549300RYPA10CQM3QK38       | Long             | EC               | CORP              | JP        |      4900 | NS      | $63314.80     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Bausch Health Cos., Inc.                                                  | Bausch Health Cos., Inc.                                                  | CUSIP: 071734AN7<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |    236000 | PA      | $191667.40    | 0.25%             | 2028-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| OHA Credit Funding 8 Ltd.                                                 | OHA Credit Funding 8 Ltd., Series 2021-8A, Class CR                       | CUSIP: 67707GAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    320000 | PA      | $316597.76    | 0.41%             | 2038-01-20      | Floating      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| Tutor Perini Corp.                                                        | Tutor Perini Corp.                                                        | CUSIP: 901109AG3<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | DBT              | CORP              | US        |     42000 | PA      | $45202.50     | 0.06%             | 2029-04-30      | Fixed         | 11.88%                | Yes           |                  2 | On Loan: No      |
| KDDI Corp.                                                                | KDDI Corp.                                                                | CUSIP: N/A<br>LEI: 5299003FU7V4I45FU310       | Long             | EC               | CORP              | JP        |      5100 | NS      | $90011.54     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HLF Financing Sarl LLC                                                    | HLF Financing Sarl LLC                                                    | CUSIP: 40390DAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     34000 | PA      | $36110.72     | 0.05%             | 2029-04-15      | Fixed         | 12.25%                | Yes           |                  2 | On Loan: No      |
| Titan International, Inc.                                                 | Titan International, Inc.                                                 | CUSIP: 88830MAM4<br>LEI: 254900CXRGBE7C4B5A06 | Long             | DBT              | CORP              | US        |     94000 | PA      | $92590.00     | 0.12%             | 2028-04-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Chevron Corp.                                                             | Chevron Corp.                                                             | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2166 | NS      | $294705.96    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group (The)                                                         | Cigna Group (The)                                                         | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |       120 | NS      | $40804.80     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust, Inc.                                             | Starwood Property Trust, Inc.                                             | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9875.00      | 0.01%             | 2030-04-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| UMH Properties, Inc.                                                      | UMH Properties, Inc.                                                      | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |      1485 | NS      | $26239.95     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings, Inc.                                            | Bread Financial Holdings, Inc.                                            | CUSIP: 018581AP3<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |    163000 | PA      | $170946.25    | 0.22%             | 2029-03-15      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| National Storage REIT                                                     | National Storage REIT                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |     17474 | NS      | $25743.83     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Michaels Cos., Inc. (The)                                                 | Michaels Cos., Inc. (The)                                                 | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |     80000 | PA      | $43200.00     | 0.06%             | 2028-05-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Suburban Propane Partners LP                                              | Suburban Propane Partners LP                                              | CUSIP: 864486AL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101000 | PA      | $92293.80     | 0.12%             | 2031-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Bonds                                                       | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1575000 | PA      | $1463105.39   | 1.88%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Target Corp.                                                              | Target Corp.                                                              | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |       396 | NS      | $38293.20     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment, Inc.                                           | Live Nation Entertainment, Inc.                                           | CUSIP: 538034AX7<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |    216000 | PA      | $206264.88    | 0.27%             | 2028-01-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Zimmer Biomet Holdings, Inc.                                              | Zimmer Biomet Holdings, Inc.                                              | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |       395 | NS      | $40704.75     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                           | Goldman Sachs Group, Inc. (The)                                           | CUSIP: 38141GB29<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    270000 | PA      | $272730.65    | 0.35%             | 2030-07-23      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips                                                            | ConocoPhillips                                                            | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      2322 | NS      | $206936.64    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co., Inc.                                         | American Electric Power Co., Inc.                                         | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      1599 | NS      | $173235.66    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneMor, Inc.                                                            | StoneMor, Inc.                                                            | CUSIP: 86184WAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     44000 | PA      | $39600.00     | 0.05%             | 2029-05-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| Jabil, Inc.                                                               | Jabil, Inc.                                                               | CUSIP: 46656PAA2<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25329.80     | 0.03%             | 2029-02-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Merry Electronics Co. Ltd.                                                | Merry Electronics Co. Ltd.                                                | CUSIP: N/A<br>LEI: 254900TUK5GIZWBLM571       | Long             | EC               | CORP              | TW        |      2151 | NS      | $7599.76      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet, Inc.                                                            | Alphabet, Inc.                                                            | CUSIP: 02079KAM9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    425000 | PA      | $423141.43    | 0.55%             | 2055-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lennar Corp.                                                              | Lennar Corp., Class A                                                     | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |       391 | NS      | $42466.51     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.                                           | Gulfport Energy Operating Corp.                                           | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    167000 | PA      | $164077.50    | 0.21%             | 2029-09-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Wyndham Hotels & Resorts, Inc.                                            | Wyndham Hotels & Resorts, Inc.                                            | CUSIP: 98311AAB1<br>LEI: 549300FE3MQ4RVXXC673 | Long             | DBT              | CORP              | US        |    184000 | PA      | $175950.00    | 0.23%             | 2028-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Blackstone Mortgage Trust, Inc.                                           | Blackstone Mortgage Trust, Inc.                                           | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |     91000 | PA      | $94071.25     | 0.12%             | 2029-12-01      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| Tanger, Inc.                                                              | Tanger, Inc.                                                              | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |       796 | NS      | $25081.96     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai MIPO                                                           | HD Hyundai MIPO                                                           | CUSIP: N/A<br>LEI: 988400L1JDH871AJTA03       | Long             | EC               | CORP              | KR        |        44 | NS      | $5159.90      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| CBL & Associates Properties, Inc.                                         | CBL & Associates Properties, Inc.                                         | CUSIP: 124830878<br>LEI: 529900EIVFBRS4PUBZ13 | Long             | EC               | CORP              | US        |       829 | NS      | $19456.63     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Anywhere Real Estate Group LLC                                            | Anywhere Real Estate Group LLC                                            | CUSIP: 75606DAS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75774 | PA      | $66901.62     | 0.09%             | 2030-04-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: —       |
| Verisk Analytics, Inc.                                                    | Verisk Analytics, Inc.                                                    | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |       148 | NS      | $43871.64     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings, Inc.                                               | Tokio Marine Holdings, Inc.                                               | CUSIP: N/A<br>LEI: 5299009QN2NZ191KLS29       | Long             | EC               | CORP              | JP        |      2400 | NS      | $95812.00     | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Ingersoll Rand, Inc.                                                      | Ingersoll Rand, Inc.                                                      | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |       467 | NS      | $35225.81     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingdom of Norway                                                         | Norway Government Bond                                                    | CUSIP: N/A<br>LEI: 549300L0BT3FJTN9MX24       | Long             | DBT              | NUSS              | NO        |   4190000 | PA      | $398762.71    | 0.51%             | 2035-06-12      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| Makalot Industrial Co. Ltd.                                               | Makalot Industrial Co. Ltd.                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1066 | NS      | $9465.78      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinofert Holdings Ltd.                                                    | Sinofert Holdings Ltd.                                                    | CUSIP: N/A<br>LEI: 5299003MF6ZDA7K38F96       | Long             | EC               | CORP              | BM        |     52000 | NS      | $7844.65      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                                                        | Toyota Motor Corp.                                                        | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |     13100 | NS      | $250034.27    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                                                       | Coca-Cola Co. (The)                                                       | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |      4987 | NS      | $361806.85    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR Infrastructure Operating Partners LP                                 | XPLR Infrastructure Operating Partners LP                                 | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |    195000 | PA      | $193069.50    | 0.25%             | 2029-01-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: —       |
| Caterpillar, Inc.                                                         | Caterpillar, Inc.                                                         | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       155 | NS      | $47936.85     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| IJM Corp. Bhd.                                                            | IJM Corp. Bhd.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |     10100 | NS      | $5313.33      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Welltower, Inc.                                                           | Welltower, Inc.                                                           | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |       381 | NS      | $58136.79     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Neptune Bidco US, Inc.                                                    | Neptune Bidco US, Inc.                                                    | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     11000 | PA      | $9790.00      | 0.01%             | 2029-04-15      | Fixed         | 9.29%                 | Yes           |                  2 | On Loan: No      |
| Primax Electronics Ltd.                                                   | Primax Electronics Ltd.                                                   | CUSIP: N/A<br>LEI: 254900JO4CQFFG7AIQ15       | Long             | EC               | CORP              | TW        |      3227 | NS      | $7516.85      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| goeasy Ltd.                                                               | goeasy Ltd.                                                               | CUSIP: 380355AN7<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |    146000 | PA      | $143445.00    | 0.18%             | 2030-10-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Truworths International Ltd.                                              | Truworths International Ltd.                                              | CUSIP: N/A<br>LEI: 37890099AFD770037522       | Long             | EC               | CORP              | ZA        |      1203 | NS      | $4805.21      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Avis Budget Car Rental LLC                                                | Avis Budget Car Rental LLC                                                | CUSIP: 053773BF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    131000 | PA      | $120875.01    | 0.16%             | 2029-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| ServiceNow, Inc.                                                          | ServiceNow, Inc.                                                          | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |        70 | NS      | $66850.70     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp.                                                    | Norfolk Southern Corp.                                                    | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |       331 | NS      | $74160.55     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp.                                                            | EchoStar Corp.                                                            | CUSIP: 278768AC0<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    106022 | PA      | $112118.27    | 0.14%             | 2029-11-30      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| AvalonBay Communities, Inc.                                               | AvalonBay Communities, Inc.                                               | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |       287 | NS      | $60264.26     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bain Capital Specialty Finance, Inc.                                      | Bain Capital Specialty Finance, Inc.                                      | CUSIP: 05684BAD9<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87756.20     | 0.11%             | 2030-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Millrose Properties, Inc.                                                 | Millrose Properties, Inc.                                                 | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       218 | NS      | $5458.72      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Louisiana-Pacific Corp.                                                   | Louisiana-Pacific Corp.                                                   | CUSIP: 546347AM7<br>LEI: 549300C7E2UAO5BVRR75 | Long             | DBT              | CORP              | US        |    184000 | PA      | $171120.00    | 0.22%             | 2029-03-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Warehouses De Pauw CVA                                                    | Warehouses De Pauw CVA                                                    | CUSIP: N/A<br>LEI: 549300HWDYC5JXC85138       | Long             | EC               | CORP              | BE        |       289 | NS      | $7359.81      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| General Dynamics Corp.                                                    | General Dynamics Corp.                                                    | CUSIP: 369550BR8<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55021.24     | 0.07%             | 2035-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EZCORP, Inc.                                                              | EZCORP, Inc.                                                              | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    163000 | PA      | $170569.72    | 0.22%             | 2032-04-01      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Manulife Financial Corp.                                                  | Manulife Financial Corp.                                                  | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |      2400 | NS      | $73552.88     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG                                                 | Zurich Insurance Group AG                                                 | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |       223 | NS      | $157357.73    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Dow, Inc.                                                                 | Dow, Inc.                                                                 | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |      1383 | NS      | $42305.97     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co. (The)                                                | Procter & Gamble Co. (The)                                                | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      2814 | NS      | $457471.98    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue, Inc.                                                              | Kenvue, Inc.                                                              | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |      3042 | NS      | $71791.20     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Emergent BioSolutions, Inc.                                               | Emergent BioSolutions, Inc.                                               | CUSIP: 29089QAC9<br>LEI: 549300YW6TUOX8BE5103 | Long             | DBT              | CORP              | US        |     52000 | PA      | $33329.40     | 0.04%             | 2028-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Travel + Leisure Co.                                                      | Travel + Leisure Co.                                                      | CUSIP: 98310WAN8<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13088.92     | 0.02%             | 2027-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| Americold Realty Trust, Inc.                                              | Americold Realty Trust, Inc.                                              | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |      1419 | NS      | $27443.46     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tiger Brands Ltd.                                                         | Tiger Brands Ltd.                                                         | CUSIP: N/A<br>LEI: 529900C57HAFZAHHBC90       | Long             | EC               | CORP              | ZA        |       289 | NS      | $4505.61      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Aris Water Holdings LLC                                                   | Aris Water Holdings LLC                                                   | CUSIP: 04041NAA0<br>LEI: 5493007AWQW8ZKCHVV46 | Long             | DBT              | CORP              | US        |     28000 | PA      | $27685.00     | 0.04%             | 2030-04-01      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| INVESCO GOVT AND AGCY LEX                                                 | INVESCO GOVERNMENT & AGENCY PORTFOLIO OPEN-END FUND USD                   | CUSIP: 825252885<br>LEI: O37NHJVF7S22I1ONOU83 | Long             | STIV             | RF                | US        |   1074892 | PA      | $1074891.90   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Point Operating Co. LP                                               | Five Point Operating Co. LP                                               | CUSIP: 33834YAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     73000 | PA      | $74006.67     | 0.10%             | 2028-01-15      | Variable      | 10.50%                | Yes           |                  2 | On Loan: No      |
| TransAlta Corp.                                                           | TransAlta Corp.                                                           | CUSIP: 89346DAE7<br>LEI: 984500EE2ADD850F1C96 | Long             | DBT              | CORP              | CA        |     79000 | PA      | $72087.50     | 0.09%             | 2040-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                          | Boeing Co. (The)                                                          | CUSIP: 097023DR3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26571.02     | 0.03%             | 2031-05-01      | Fixed         | 6.39%                 | No            |                  2 | On Loan: No      |
| NetApp, Inc.                                                              | NetApp, Inc.                                                              | CUSIP: 64110DAN4<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | DBT              | CORP              | US        |     55000 | PA      | $55025.90     | 0.07%             | 2035-03-17      | Fixed         | 5.70%                 | No            |                  2 | On Loan: —       |
| MetLife, Inc.                                                             | MetLife, Inc.                                                             | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      1596 | NS      | $120290.52    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| China Lesso Group Holdings Ltd.                                           | China Lesso Group Holdings Ltd.                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     15386 | NS      | $8193.33      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Gray Media, Inc.                                                          | Gray Media, Inc.                                                          | CUSIP: 389375AM8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    117000 | PA      | $119632.50    | 0.15%             | 2029-07-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| California Resources Corp.                                                | California Resources Corp.                                                | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |     21000 | PA      | $20029.59     | 0.03%             | 2029-06-15      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Siemens AG                                                                | Siemens AG (Registered)                                                   | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |       770 | NS      | $176159.87    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                                              | Verizon Communications, Inc.                                              | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      5996 | NS      | $264183.76    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                           | Goldman Sachs Group, Inc. (The)                                           | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       117 | NS      | $64063.35     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| USI, Inc.                                                                 | USI, Inc.                                                                 | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |     36000 | PA      | $37080.00     | 0.05%             | 2032-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| NNN REIT, Inc.                                                            | NNN REIT, Inc.                                                            | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |       701 | NS      | $28818.11     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co. (The)                                                     | Walt Disney Co. (The)                                                     | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |       507 | NS      | $46111.65     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Asia Optical Co., Inc.                                                    | Asia Optical Co., Inc.                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |       808 | NS      | $3410.56      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AstraZeneca plc                                                           | AstraZeneca plc                                                           | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |      1738 | NS      | $248485.43    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Synchrony Financial                                                       | Synchrony Financial                                                       | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64594.38     | 0.08%             | 2031-03-06      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| Albertsons Cos., Inc.                                                     | Albertsons Cos., Inc.                                                     | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $60678.00     | 0.08%             | 2033-03-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Amgen, Inc.                                                               | Amgen, Inc.                                                               | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |       629 | NS      | $182988.68    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Getac Holdings Corp.                                                      | Getac Holdings Corp.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1613 | NS      | $5396.34      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Paychex, Inc.                                                             | Paychex, Inc.                                                             | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |       962 | NS      | $141529.44    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                                           | Microsoft Corp.                                                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      1723 | NS      | $681032.98    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products, Inc.                                              | Mueller Water Products, Inc.                                              | CUSIP: 624758AF5<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | DBT              | CORP              | US        |    186000 | PA      | $173902.56    | 0.22%             | 2029-06-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Cury Construtora e Incorporadora SA                                       | Cury Construtora e Incorporadora SA                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      1800 | NS      | $8693.69      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynapack International Technology Corp.                                   | Dynapack International Technology Corp.                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1373 | NS      | $7426.73      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Hughes Satellite Systems Corp.                                            | Hughes Satellite Systems Corp.                                            | CUSIP: 444454AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     26000 | PA      | $24226.80     | 0.03%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Simcere Pharmaceutical Group Ltd.                                         | Simcere Pharmaceutical Group Ltd.                                         | CUSIP: N/A<br>LEI: 254900WU599EZJIML194       | Long             | EC               | CORP              | HK        |      5320 | NS      | $6008.97      | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                                     | Bank of America Corp.                                                     | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      1751 | NS      | $69829.88     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                                            | Public Storage                                                            | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |       142 | NS      | $42661.06     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education, Inc.                                            | Adtalem Global Education, Inc.                                            | CUSIP: 00737WAA7<br>LEI: 549300Z467EZLMODV621 | Long             | DBT              | CORP              | US        |    173000 | PA      | $169972.50    | 0.22%             | 2028-03-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Prologis, Inc.                                                            | Prologis, Inc.                                                            | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |       768 | NS      | $78489.60     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto plc                                                             | Rio Tinto plc                                                             | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |      1658 | NS      | $98261.65     | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| EVERGREEN Steel Corp.                                                     | EVERGREEN Steel Corp.                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1882 | NS      | $4854.61      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                               | ONEOK, Inc.                                                               | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |       870 | NS      | $71479.20     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp.                                                      | Kimberly-Clark Corp.                                                      | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |       722 | NS      | $95145.16     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE, Inc.                                                                | NIKE, Inc., Class B                                                       | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |       222 | NS      | $12520.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Radiant Opto-Electronics Corp.                                            | Radiant Opto-Electronics Corp.                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1613 | NS      | $7464.09      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ingenia Communities Group                                                 | Ingenia Communities Group                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |       677 | NS      | $2406.77      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                                  | U.S. Treasury Notes                                                       | CUSIP: 91282CGQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1520000 | PA      | $1537669.85   | 1.98%             | 2030-02-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PSP Swiss Property AG                                                     | PSP Swiss Property AG (Registered)                                        | CUSIP: N/A<br>LEI: 50670042Y437P8X44F56       | Long             | EC               | CORP              | CH        |       166 | NS      | $29545.53     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Engie SA                                                                  | Engie SA                                                                  | CUSIP: 29286DAA3<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $203831.40    | 0.26%             | 2029-04-10      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                                       | Bank of New York Mellon Corp. (The)                                       | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      1898 | NS      | $152618.18    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MLP Saglik Hizmetleri A/S                                                 | MLP Saglik Hizmetleri A/S, Class B                                        | CUSIP: N/A<br>LEI: 789000M2LTGHSXVOQL65       | Long             | EC               | CORP              | TR        |       532 | NS      | $4512.25      | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Taiwan Surface Mounting Technology Corp.                                  | Taiwan Surface Mounting Technology Corp.                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      2253 | NS      | $7185.25      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Volvo AB                                                                  | Volvo AB, Class B                                                         | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |      4307 | NS      | $117016.01    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| 3M Co.                                                                    | 3M Co.                                                                    | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |       751 | NS      | $104321.41    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International, Inc.                                             | Honeywell International, Inc.                                             | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       202 | NS      | $42521.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Capital Funding, Inc.                                                 | PPL Capital Funding, Inc.                                                 | CUSIP: 69352PAT0<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39813.40     | 0.05%             | 2034-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                                          | TotalEnergies SE                                                          | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |      2959 | NS      | $171493.60    | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                       | Societe Generale SA                                                       | CUSIP: 83368RBY7<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $194423.10    | 0.25%             | 2055-01-19      | Variable      | 7.13%                 | Yes           |                  2 | On Loan: No      |
| TGNR Intermediate Holdings LLC                                            | TGNR Intermediate Holdings LLC                                            | CUSIP: 77289KAA3<br>LEI: 5493007AZNVKZ5HEMT23 | Long             | DBT              | CORP              | US        |     83000 | PA      | $76567.50     | 0.10%             | 2029-10-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: —       |
| Nestle SA                                                                 | Nestle SA (Registered)                                                    | CUSIP: N/A<br>LEI: KY37LUS27QQX7BB93L28       | Long             | EC               | CORP              | CH        |      3113 | NS      | $330931.87    | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| GCC SAB de CV                                                             | GCC SAB de CV                                                             | CUSIP: N/A<br>LEI: 254900WY9XL8033CKX68       | Long             | EC               | CORP              | MX        |       476 | NS      | $3999.66      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortis, Inc.                                                              | Fortis, Inc.                                                              | CUSIP: 349553107<br>LEI: 549300MQYQ9Y065XPR71 | Long             | EC               | CORP              | CA        |      2100 | NS      | $103994.63    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Holdings, Inc.                                             | Garrett Motion Holdings, Inc.                                             | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     80000 | PA      | $80152.80     | 0.10%             | 2032-05-31      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| RTX Corp.                                                                 | RTX Corp.                                                                 | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |       247 | NS      | $31154.11     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Financial Group LLC                                                | Planet Financial Group LLC                                                | CUSIP: 72702AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $73890.00     | 0.10%             | 2029-12-15      | Fixed         | 10.50%                | Yes           |                  2 | On Loan: No      |
| Elevance Health, Inc.                                                     | Elevance Health, Inc.                                                     | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |        42 | NS      | $17664.36     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical, Inc.                                                  | Intuitive Surgical, Inc.                                                  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       103 | NS      | $53127.40     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                                                        | State Street Corp.                                                        | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |       868 | NS      | $76470.80     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp.                                                | Occidental Petroleum Corp.                                                | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |       984 | NS      | $38779.44     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                                              | Mondelez International, Inc., Class A                                     | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      1892 | NS      | $128901.96    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie, Inc.                                                              | AbbVie, Inc.                                                              | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      2361 | NS      | $460631.10    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Battalion CLO XVI Ltd.                                                    | Battalion CLO XVI Ltd., Series 2019-16A, Class BR2                        | CUSIP: 07133MAU0<br>LEI: 549300QOOT46OWR6Z544 | Long             | ABS-CBDO         | CORP              | KY        |    390000 | PA      | $385849.23    | 0.50%             | 2038-01-20      | Floating      | 6.02%                 | Yes           |                  2 | On Loan: No      |
| SS&C Technologies, Inc.                                                   | SS&C Technologies, Inc.                                                   | CUSIP: 78466CAD8<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14157.50     | 0.02%             | 2032-06-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Banco Bilbao Vizcaya Argentaria SA                                        | Banco Bilbao Vizcaya Argentaria SA                                        | CUSIP: 05946KAS0<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $394002.12    | 0.51%             | 2032-01-14      | Variable      | 7.75%                 | No            |                  2 | On Loan: No      |
| Madison IAQ LLC                                                           | Madison IAQ LLC                                                           | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94437.50     | 0.12%             | 2029-06-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: —       |
| Union Pacific Corp.                                                       | Union Pacific Corp.                                                       | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       917 | NS      | $197760.22    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| JetBlue Airways Corp.                                                     | JetBlue Airways Corp.                                                     | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     93000 | PA      | $84862.50     | 0.11%             | 2031-09-20      | Fixed         | 9.88%                 | Yes           |                  2 | On Loan: No      |
| Getty Realty Corp.                                                        | Getty Realty Corp.                                                        | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |       829 | NS      | $23203.71     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyatt Hotels Corp.                                                        | Hyatt Hotels Corp.                                                        | CUSIP: 448579AV4<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70025.90     | 0.09%             | 2032-03-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PACCAR, Inc.                                                              | PACCAR, Inc.                                                              | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |       797 | NS      | $71897.37     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings, Inc.                                                    | Booking Holdings, Inc.                                                    | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        13 | NS      | $66290.64     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto Finance USA plc                                                 | Rio Tinto Finance USA plc                                                 | CUSIP: 76720AAU0<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    115000 | PA      | $115202.88    | 0.15%             | 2035-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lojas Renner SA                                                           | Lojas Renner SA                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      3860 | NS      | $9882.70      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DaVita, Inc.                                                              | DaVita, Inc.                                                              | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    235000 | PA      | $217257.50    | 0.28%             | 2030-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Banco Santander SA                                                        | Banco Santander SA                                                        | CUSIP: 05964HBH7<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $203630.00    | 0.26%             | 2034-02-01      | Variable      | 8.00%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                    | Sempra                                                                    | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |      1141 | NS      | $84742.07     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico | BBVA Mexico SA Institucion de Banca Multiple Grupo Financiero BBVA Mexico | CUSIP: 072912AA6<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    200000 | PA      | $201300.00    | 0.26%             | 2035-02-11      | Variable      | 7.62%                 | Yes           |                  2 | On Loan: No      |
| Frontier Communications Holdings LLC                                      | Frontier Communications Holdings LLC                                      | CUSIP: 35906ABG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    248000 | PA      | $248620.00    | 0.32%             | 2029-05-01      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Summit Hotel Properties, Inc.                                             | Summit Hotel Properties, Inc.                                             | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               | CORP              | US        |      4100 | NS      | $16687.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CommScope LLC                                                             | CommScope LLC                                                             | CUSIP: 203372AX5<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    144000 | PA      | $127046.88    | 0.16%             | 2029-09-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| EOG Resources, Inc.                                                       | EOG Resources, Inc.                                                       | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |       301 | NS      | $33209.33     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences, Inc.                                                     | Gilead Sciences, Inc.                                                     | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |       424 | NS      | $45172.96     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne, Inc.                                                   | Helmerich & Payne, Inc.                                                   | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |     13270 | NS      | $250670.30    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI India Small-Cap ETF                                          | iShares MSCI India Small-Cap ETF                                          | CUSIP: 46429B614<br>LEI: 549300ZTQ7NM17G19H49 | Long             |  | RF                | US        |      3264 | NS      | $226945.92    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Duke Energy Corp.                                                         | Duke Energy Corp.                                                         | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      1215 | NS      | $148254.30    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group, Inc.                                                  | UnitedHealth Group, Inc.                                                  | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       216 | NS      | $88871.04     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                                            | Thermo Fisher Scientific, Inc.                                            | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       110 | NS      | $47190.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Ireland Capital DAC                                                | AerCap Ireland Capital DAC                                                | CUSIP: 00774MBL8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    150000 | PA      | $148505.99    | 0.19%             | 2029-09-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Sonic Automotive, Inc.                                                    | Sonic Automotive, Inc.                                                    | CUSIP: 83545GBE1<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | DBT              | CORP              | US        |     15000 | PA      | $13641.00     | 0.02%             | 2031-11-15      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Synopsys, Inc.                                                            | Synopsys, Inc.                                                            | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |        94 | NS      | $43146.94     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Xtep International Holdings Ltd.                                          | Xtep International Holdings Ltd.                                          | CUSIP: N/A<br>LEI: 529900ZZZZBTOKZQI549       | Long             | EC               | CORP              | KY        |     11315 | NS      | $7747.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Novartis AG                                                               | Novartis AG (Registered)                                                  | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |      2333 | NS      | $265114.28    | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| O'Reilly Automotive, Inc.                                                 | O'Reilly Automotive, Inc.                                                 | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |        32 | NS      | $45286.40     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog, Inc.                                                                | Moog, Inc.                                                                | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |    162000 | PA      | $155784.06    | 0.20%             | 2027-12-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Grupo SBF SA                                                              | Grupo SBF SA                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |      3700 | NS      | $6884.75      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa, Inc.                                                                | Visa, Inc., Class A                                                       | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       367 | NS      | $126798.50    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                                                          | McDonald's Corp.                                                          | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1019 | NS      | $325723.35    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Rand Parent LLC                                                           | Rand Parent LLC                                                           | CUSIP: 753272AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    102000 | PA      | $94962.00     | 0.12%             | 2030-02-15      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: —       |
| GE Aerospace                                                              | GE Aerospace                                                              | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |       327 | NS      | $65903.58     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AmeriGas Partners LP                                                      | AmeriGas Partners LP                                                      | CUSIP: 030981AM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    126000 | PA      | $125370.00    | 0.16%             | 2028-06-01      | Fixed         | 9.38%                 | Yes           |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                                       | Kinder Morgan, Inc.                                                       | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |      3260 | NS      | $85738.00     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT, Inc.                                            | American Healthcare REIT, Inc.                                            | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |       866 | NS      | $27954.48     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co., Inc.                                               | Phillips Edison & Co., Inc.                                               | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |       734 | NS      | $25469.80     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac, Inc.                                                               | Aflac, Inc.                                                               | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |       937 | NS      | $101833.16    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Operations Co. LLC                                                 | Vistra Operations Co. LLC                                                 | CUSIP: 92840VAH5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    252000 | PA      | $242368.56    | 0.31%             | 2029-05-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                                         | Exxon Mobil Corp.                                                         | CUSIP: 30231GAZ5<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |    225000 | PA      | $149505.84    | 0.19%             | 2049-08-16      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Fitipower Integrated Technology, Inc.                                     | Fitipower Integrated Technology, Inc.                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      1345 | NS      | $9230.76      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Aretec Group, Inc.                                                        | Aretec Group, Inc.                                                        | CUSIP: 040133AA8<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |     86000 | PA      | $83957.50     | 0.11%             | 2029-04-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| Healthpeak Properties, Inc.                                               | Healthpeak Properties, Inc.                                               | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |      1761 | NS      | $31416.24     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| International Workplace Group plc                                         | International Workplace Group plc                                         | CUSIP: N/A<br>LEI: 2138003LWDII27UTAG52       | Long             | EC               | CORP              | JE        |     10817 | NS      | $26654.84     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Accenture plc                                                             | Accenture plc, Class A                                                    | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |       193 | NS      | $57735.95     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group plc                                                           | Marex Group plc                                                           | CUSIP: 566539AA0<br>LEI: 549300DWX0SVICJAL507 | Long             | DBT              | CORP              | GB        |    115000 | PA      | $117278.23    | 0.15%             | 2029-11-04      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                                                     | Targa Resources Corp.                                                     | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |       270 | NS      | $46143.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| APH Somerset Investor 2 LLC                                               | APH Somerset Investor 2 LLC                                               | CUSIP: 00188QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    152000 | PA      | $148390.00    | 0.19%             | 2029-11-01      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Enerflex Ltd.                                                             | Enerflex Ltd.                                                             | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |    167000 | PA      | $170261.51    | 0.22%             | 2027-10-15      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp.                                                          | CVS Health Corp.                                                          | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      1146 | NS      | $76449.66     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hulic Co. Ltd.                                                            | Hulic Co. Ltd.                                                            | CUSIP: N/A<br>LEI: 3538002E12E7IHAKTB10       | Long             | EC               | CORP              | JP        |      1900 | NS      | $19806.62     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Hello Group, Inc.                                                         | Hello Group, Inc.                                                         | CUSIP: 423403104<br>LEI: 549300YMGLID32W48529 | Long             | EC               | CORP              | KY        |      1076 | NS      | $6143.96      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                                                              | Fastenal Co.                                                              | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |      1025 | NS      | $82994.25     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DB HiTek Co. Ltd.                                                         | DB HiTek Co. Ltd.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |        73 | NS      | $1969.43      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Entergy Corp.                                                             | Entergy Corp.                                                             | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |       871 | NS      | $72441.07     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial & Infrastructure Fund Investment Corp.                         | Industrial & Infrastructure Fund Investment Corp.                         | CUSIP: N/A<br>LEI: 353800WCHFY04YKYCI19       | Long             | EC               | CORP              | JP        |        30 | NS      | $24506.92     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Mavi Giyim Sanayi ve Ticaret A/S                                          | Mavi Giyim Sanayi ve Ticaret A/S, Class B                                 | CUSIP: N/A<br>LEI: 7890004V7753Z4N1L403       | Long             | EC               | CORP              | TR        |      7476 | NS      | $6269.04      | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| QUALCOMM, Inc.                                                            | QUALCOMM, Inc.                                                            | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       333 | NS      | $49437.18     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabian Oil Co.                                                     | Saudi Arabian Oil Co.                                                     | CUSIP: 80414L2P9<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | NUSS              | SA        |    275000 | PA      | $256434.75    | 0.33%             | 2054-07-17      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Sixth Street Lending Partners                                             | Sixth Street Lending Partners                                             | CUSIP: 829932AE2<br>LEI: 549300S9P1HMDERGCR64 | Long             | DBT              | CORP              | US        |    105000 | PA      | $105168.00    | 0.14%             | 2030-07-15      | Fixed         | 6.12%                 | Yes           |                  2 | On Loan: No      |
| M&T Bank Corp.                                                            | M&T Bank Corp.                                                            | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |       366 | NS      | $62132.16     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd.                                                   | Agnico Eagle Mines Ltd.                                                   | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |      1000 | NS      | $117532.28    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora, Inc.                                                             | Cencora, Inc.                                                             | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       178 | NS      | $52095.26     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp.                                                     | Lockheed Martin Corp.                                                     | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       236 | NS      | $112749.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Holdings, Inc.                                                        | LPL Holdings, Inc.                                                        | CUSIP: 50212YAP9<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225379.40    | 0.29%             | 2030-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group, Inc.                                            | Citizens Financial Group, Inc.                                            | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |      1311 | NS      | $48362.79     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Holdings, Inc.                                                  | RB Global Holdings, Inc.                                                  | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    148000 | PA      | $150553.00    | 0.19%             | 2028-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Life Time, Inc.                                                           | Life Time, Inc.                                                           | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29925.00     | 0.04%             | 2031-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Suncor Energy, Inc.                                                       | Suncor Energy, Inc.                                                       | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |      2100 | NS      | $74168.72     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtusa Corp.                                                             | Virtusa Corp.                                                             | CUSIP: 92837TAA0<br>LEI: C77OMXDER63WLJCSKT03 | Long             | DBT              | CORP              | US        |     41000 | PA      | $38911.05     | 0.05%             | 2028-12-15      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| Brandywine Operating Partnership LP                                       | Brandywine Operating Partnership LP                                       | CUSIP: 105340AS2<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              | CORP              | US        |    165000 | PA      | $172797.90    | 0.22%             | 2029-04-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Texas Instruments, Inc.                                                   | Texas Instruments, Inc.                                                   | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      1248 | NS      | $199742.40    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| 200 Park Funding Trust                                                    | 200 Park Funding Trust                                                    | CUSIP: 901928AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $203654.37    | 0.26%             | 2055-02-15      | Fixed         | 5.74%                 | Yes           |                  2 | On Loan: No      |
| Swiss Re AG                                                               | Swiss Re AG                                                               | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |       568 | NS      | $101680.50    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                                       | Iron Mountain, Inc.                                                       | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |       425 | NS      | $38109.75     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Gas and Electric Co.                                              | Pacific Gas and Electric Co.                                              | CUSIP: 694308KU0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    145000 | PA      | $142755.56    | 0.18%             | 2035-03-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Prestige Brands, Inc.                                                     | Prestige Brands, Inc.                                                     | CUSIP: 74112BAL9<br>LEI: 549300JBVP4J6D42I235 | Long             | DBT              | CORP              | US        |     95000 | PA      | $93575.00     | 0.12%             | 2028-01-15      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Bridgestone Corp.                                                         | Bridgestone Corp.                                                         | CUSIP: N/A<br>LEI: 549300DHPOF90OYYD780       | Long             | EC               | CORP              | JP        |      2500 | NS      | $104752.41    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group, Inc.                                     | Public Service Enterprise Group, Inc.                                     | CUSIP: 744573AZ9<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    255000 | PA      | $256955.57    | 0.33%             | 2034-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Salesforce, Inc.                                                          | Salesforce, Inc.                                                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       260 | NS      | $69864.60     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp.                                                              | ROBLOX Corp.                                                              | CUSIP: 771049AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $180373.05    | 0.23%             | 2030-05-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Deluxe Corp.                                                              | Deluxe Corp.                                                              | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174562.50    | 0.22%             | 2029-09-15      | Fixed         | 8.12%                 | Yes           |                  2 | On Loan: No      |
| International Games System Co. Ltd.                                       | International Games System Co. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |       406 | NS      | $10561.61     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Twilio, Inc.                                                              | Twilio, Inc.                                                              | CUSIP: 90138FAC6<br>LEI: 5493004W8TRGD63APX93 | Long             | DBT              | CORP              | US        |    198000 | PA      | $184140.00    | 0.24%             | 2029-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd.                                                    | HUB International Ltd.                                                    | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    141000 | PA      | $145197.57    | 0.19%             | 2032-01-31      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| Lamar Advertising Co.                                                     | Lamar Advertising Co., Class A                                            | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |       267 | NS      | $30387.27     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia, Inc.                                                              | Phinia, Inc.                                                              | CUSIP: 71880KAA9<br>LEI: 254900HG6MORZE1FFM18 | Long             | DBT              | CORP              | US        |    170000 | PA      | $172031.28    | 0.22%             | 2029-04-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| CSX Corp.                                                                 | CSX Corp.                                                                 | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |      1422 | NS      | $39915.54     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd.                                                 | United Overseas Bank Ltd.                                                 | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |      2400 | NS      | $63652.09     | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CareTrust REIT, Inc.                                                      | CareTrust REIT, Inc.                                                      | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |       944 | NS      | $27630.88     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MPT Operating Partnership LP                                              | MPT Operating Partnership LP                                              | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $132937.50    | 0.17%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seegene, Inc.                                                             | Seegene, Inc.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       508 | NS      | $9398.80      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Palo Alto Networks, Inc.                                                  | Palo Alto Networks, Inc.                                                  | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |       219 | NS      | $40937.67     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                                             | Equinix, Inc.                                                             | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       135 | NS      | $116201.25    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HLF Financing Sarl LLC                                                    | HLF Financing Sarl LLC                                                    | CUSIP: 40390DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    102000 | PA      | $78412.50     | 0.10%             | 2029-06-01      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| Plymouth Industrial REIT, Inc.                                            | Plymouth Industrial REIT, Inc.                                            | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       685 | NS      | $10185.95     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde plc                                                                 | Linde plc                                                                 | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | IE        |       113 | NS      | $51214.99     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** 1290 Funds

**Signature:** Brian Walsh

**Name of Signer:** Brian Walsh

**Title:** Chief Financial Officer and Treasurer