# EDGAR Filing Document

**Accession Number:** 0000778207
**File Stem:** 0001410368-25-027219
**Filing Date:** 2025-11
**Character Count:** 701478
**Document Hash:** 105272763dd41ccc0d2aa06ffde1afd1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-027219.hdr.sgml**: 20251120

**ACCESSION NUMBER**: 0001410368-25-027219

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251120

**DATE AS OF CHANGE**: 20251120

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRANSAMERICA SERIES TRUST
- **CENTRAL INDEX KEY:** 0000778207

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04419
- **FILM NUMBER:** 251501242

**BUSINESS ADDRESS:**
- **STREET 1:** 1801 CALIFORNIA STREET
- **STREET 2:** SUITE 5200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202
- **BUSINESS PHONE:** 720-482-8836

**MAIL ADDRESS:**
- **STREET 1:** 1801 CALIFORNIA STREET
- **STREET 2:** SUITE 5200
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AEGON/TRANSAMERICA SERIES TRUST
- **DATE OF NAME CHANGE:** 20050511

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AEGON/TRANSAMERICA SERIES FUND INC
- **DATE OF NAME CHANGE:** 20010501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WRL SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Transamerica JPMorgan Tactical Allocation VP (Series ID: S000007899)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000021443 | Initial      |  |
| C000021444 | Service      |  |

## Nport-Ex

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS**

**At September 30, 2025**

**(unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS - 26.0%**  | **COMMON STOCKS - 26.0%**  | **COMMON STOCKS - 26.0%**  |
| **Australia - 0.2%**  | **Australia - 0.2%**  | **Australia - 0.2%**  |
| Atlassian Corp., Class A <sup>(A)</sup> <br>| 1264 | $201861 |
| Medibank Pvt Ltd. | 119137 | 379975 |
| QBE Insurance Group Ltd. | 28416 | 387151 |
| Rio Tinto Ltd. | 3703 | 299007 |
| Telstra Group Ltd. | 159452 | 508555 |
|  |  | 1776549 |
| **Austria - 0.1%**  | **Austria - 0.1%**  | **Austria - 0.1%**  |
| Erste Group Bank AG | 4319 | 421884 |
| **Belgium - 0.1%**  | **Belgium - 0.1%**  | **Belgium - 0.1%**  |
| KBC Group NV | 4736 | 564093 |
| **Bermuda - 0.0% \*** | **Bermuda - 0.0% \*** | **Bermuda - 0.0% \*** |
| Arch Capital Group Ltd. | 3078 | 279267 |
| **Canada - 0.0% \*** | **Canada - 0.0% \*** | **Canada - 0.0% \*** |
| Shopify, Inc., Class A <sup>(A)</sup> <br>| 2222 | 330211 |
| **China - 0.2%**  | **China - 0.2%**  | **China - 0.2%**  |
| Tencent Holdings Ltd. | 16200 | 1380194 |
| Yum China Holdings, Inc. | 12786 | 548775 |
|  |  | 1928969 |
| **Denmark - 0.2%**  | **Denmark - 0.2%**  | **Denmark - 0.2%**  |
| Carlsberg AS, Class B | 1802 | 209391 |
| Novo Nordisk AS, ADR | 5047 | 280058 |
| Novo Nordisk AS, Class B | 15644 | 848012 |
| Novonesis Novozymes, Class B | 4919 | 301033 |
|  |  | 1638494 |
| **Finland - 0.1%**  | **Finland - 0.1%**  | **Finland - 0.1%**  |
| Nordea Bank Abp | 48896 | 802254 |
| **France - 1.1%**  | **France - 1.1%**  | **France - 1.1%**  |
| Air Liquide SA | 3969 | 824134 |
| Arkema SA | 3277 | 206219 |
| BNP Paribas SA | 6398 | 580870 |
| Capgemini SE | 2147 | 311431 |
| &nbsp;&nbsp; Cie Generale des Etablissements Michelin <br> SCA<br>| 32377 | 1160894 |
| Engie SA | 26943 | 577450 |
| Legrand SA | 6939 | 1145431 |
| LVMH Moet Hennessy Louis Vuitton SE | 1622 | 991193 |
| Pernod Ricard SA | 2301 | 225683 |
| Safran SA | 7294 | 2569914 |
| TotalEnergies SE | 9205 | 559053 |
| Vinci SA | 3754 | 519851 |
|  |  | 9672123 |
| **Germany - 0.7%**  | **Germany - 0.7%**  | **Germany - 0.7%**  |
| Allianz SE | 1665 | 698643 |
| Deutsche Boerse AG | 3855 | 1032373 |
| Deutsche Telekom AG | 17205 | 585989 |
| Infineon Technologies AG | 15695 | 611767 |
| &nbsp;&nbsp; Muenchener Rueckversicherungs-<br> Gesellschaft AG<br>| 2362 | 1506907 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |
| **Germany (continued)** | **Germany (continued)** | **Germany (continued)** |
| SAP SE | 1437 | $384492 |
| Siemens AG | 6423 | 1728381 |
|  |  | 6548552 |
| **Hong Kong - 0.2%**  | **Hong Kong - 0.2%**  | **Hong Kong - 0.2%**  |
| AIA Group Ltd. | 82400 | 790440 |
| Hong Kong Exchanges & Clearing Ltd. | 13700 | 778134 |
|  |  | 1568574 |
| **Ireland - 0.4%**  | **Ireland - 0.4%**  | **Ireland - 0.4%**  |
| Eaton Corp. PLC | 2520 | 943110 |
| Kingspan Group PLC | 3886 | 323015 |
| Medtronic PLC | 9075 | 864303 |
| Smurfit WestRock PLC | 8756 | 372743 |
| Trane Technologies PLC | 3018 | 1273475 |
|  |  | 3776646 |
| **Italy - 0.1%**  | **Italy - 0.1%**  | **Italy - 0.1%**  |
| UniCredit SpA | 12092 | 915256 |
| **Japan - 1.6%**  | **Japan - 1.6%**  | **Japan - 1.6%**  |
| Ajinomoto Co., Inc. | 22200 | 637395 |
| Hitachi Ltd. | 19300 | 512892 |
| Hoya Corp. | 5300 | 733796 |
| IHI Corp. | 38500 | 718531 |
| ITOCHU Corp. | 11500 | 655232 |
| Japan Exchange Group, Inc. | 54500 | 608995 |
| Kao Corp. | 15400 | 671775 |
| Keyence Corp. | 3000 | 1119383 |
| Mitsubishi UFJ Financial Group, Inc. | 131400 | 2127137 |
| Mitsui Fudosan Co. Ltd. | 58100 | 633704 |
| Nintendo Co. Ltd. | 5500 | 476232 |
| Recruit Holdings Co. Ltd. | 7000 | 376921 |
| Shin-Etsu Chemical Co. Ltd. | 9000 | 295344 |
| Sony Financial Group, Inc. <sup>(A)</sup> <br>| 87400 | 96924 |
| Sony Group Corp. | 87400 | 2517068 |
| Suzuki Motor Corp. | 36000 | 525936 |
| Terumo Corp. | 25400 | 419598 |
| Tokio Marine Holdings, Inc. | 11600 | 491736 |
|  |  | 13618599 |
| **Netherlands - 0.6%**  | **Netherlands - 0.6%**  | **Netherlands - 0.6%**  |
| ASML Holding NV | 3113 | 3026556 |
| Heineken NV | 6601 | 514749 |
| Koninklijke Ahold Delhaize NV | 12718 | 514393 |
| Koninklijke KPN NV | 141039 | 676754 |
| NXP Semiconductors NV | 1637 | 372794 |
|  |  | 5105246 |
| **Singapore - 0.2%**  | **Singapore - 0.2%**  | **Singapore - 0.2%**  |
| DBS Group Holdings Ltd. | 38780 | 1537732 |
| Sea Ltd., ADR <sup>(A)</sup> <br>| 3232 | 577655 |
|  |  | 2115387 |
| **Spain - 0.3%**  | **Spain - 0.3%**  | **Spain - 0.3%**  |
| Banco Santander SA | 85015 | 885731 |

---

**Transamerica Series Trust**

**Page 1**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |
| **Spain (continued)** | **Spain (continued)** | **Spain (continued)** |
| Iberdrola SA | 45308 | $856688 |
| Industria de Diseno Textil SA <sup>(B)</sup> <br>| 7325 | 403938 |
|  |  | 2146357 |
| **Sweden - 0.4%**  | **Sweden - 0.4%**  | **Sweden - 0.4%**  |
| Atlas Copco AB, A Shares <sup>(B)</sup> <br>| 73380 | 1238537 |
| Spotify Technology SA <sup>(A)</sup> <br>| 656 | 457888 |
| Volvo AB, B Shares | 77183 | 2209468 |
|  |  | 3905893 |
| **Switzerland - 0.5%**  | **Switzerland - 0.5%**  | **Switzerland - 0.5%**  |
| Chubb Ltd. | 1269 | 358175 |
| Cie Financiere Richemont SA, Class A | 3149 | 599697 |
| Garmin Ltd. | 1164 | 286600 |
| Lonza Group AG | 1008 | 667568 |
| Nestle SA | 10387 | 953430 |
| Novartis AG | 8127 | 1022141 |
| UBS Group AG | 11850 | 483944 |
|  |  | 4371555 |
| **Taiwan - 0.2%**  | **Taiwan - 0.2%**  | **Taiwan - 0.2%**  |
| &nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. <br> Ltd.<br>| 20000 | 856356 |
| &nbsp;&nbsp; Taiwan Semiconductor Manufacturing Co. <br> Ltd., ADR<br>| 4032 | 1126097 |
|  |  | 1982453 |
| **United Kingdom - 1.2%**  | **United Kingdom - 1.2%**  | **United Kingdom - 1.2%**  |
| 3i Group PLC | 21055 | 1157876 |
| AstraZeneca PLC | 11398 | 1714107 |
| BAE Systems PLC | 19962 | 552777 |
| Compass Group PLC | 17149 | 583281 |
| Diageo PLC | 10691 | 255287 |
| InterContinental Hotels Group PLC | 2949 | 355919 |
| London Stock Exchange Group PLC | 3982 | 456065 |
| NatWest Group PLC | 96155 | 674527 |
| Next PLC | 3891 | 647584 |
| RELX PLC | 24105 | 1153746 |
| Rio Tinto PLC | 6272 | 412271 |
| Sage Group PLC | 28208 | 417306 |
| Shell PLC | 30870 | 1098749 |
| SSE PLC | 17119 | 400951 |
| TechnipFMC PLC | 8228 | 324595 |
|  |  | 10205041 |
| **United States - 17.6%**  | **United States - 17.6%**  | **United States - 17.6%**  |
| 3M Co. | 5341 | 828816 |
| Abbott Laboratories | 1971 | 263996 |
| AbbVie, Inc. | 9063 | 2098447 |
| Align Technology, Inc. <sup>(A)</sup> <br>| 1872 | 234412 |
| Alnylam Pharmaceuticals, Inc. <sup>(A)</sup> <br>| 1307 | 595992 |
| Alphabet, Inc., Class C | 9711 | 2365114 |
| Amazon.com, Inc. <sup>(A)</sup> <br>| 30962 | 6798326 |
| American Express Co. | 3608 | 1198433 |
| American Homes 4 Rent, Class A, REIT | 13202 | 438966 |
| American Tower Corp., REIT | 4279 | 822937 |
| Ameriprise Financial, Inc. | 582 | 285907 |
| AMETEK, Inc. | 1986 | 373368 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Analog Devices, Inc. | 2496 | $613267 |
| Angi, Inc. <sup>(A)</sup> <br>| 3112 | 50601 |
| Apple Hospitality, Inc., REIT | 7611 | 91408 |
| Apple, Inc. | 25494 | 6491537 |
| AppLovin Corp., Class A <sup>(A)</sup> <br>| 534 | 383700 |
| Arthur J Gallagher & Co. | 1696 | 525319 |
| AT&T, Inc. | 17862 | 504423 |
| AutoZone, Inc. <sup>(A)</sup> <br>| 196 | 840887 |
| Axalta Coating Systems Ltd. <sup>(A)</sup> <br>| 12693 | 363274 |
| Baker Hughes Co. | 22895 | 1115444 |
| Bank of America Corp. | 47368 | 2443715 |
| Bath & Body Works, Inc. | 5395 | 138975 |
| Berkshire Hathaway, Inc., Class B <sup>(A)</sup> <br>| 3163 | 1590167 |
| Best Buy Co., Inc. | 3603 | 272459 |
| BJ's Wholesale Club Holdings, Inc. <sup>(A)</sup> <br>| 3463 | 322925 |
| Blackstone, Inc. | 4279 | 731067 |
| Booking Holdings, Inc. | 199 | 1074455 |
| Bristol-Myers Squibb Co. | 25633 | 1156048 |
| Broadcom, Inc. | 8565 | 2825679 |
| Burlington Stores, Inc. <sup>(A)</sup> <br>| 1426 | 362917 |
| Capital One Financial Corp. | 4720 | 1003378 |
| Carlisle Cos., Inc. | 1214 | 399357 |
| Carvana Co. <sup>(A)</sup> <br>| 849 | 320277 |
| Casey's General Stores, Inc. | 484 | 273615 |
| CBRE Group, Inc., Class A <sup>(A)</sup> <br>| 2462 | 387913 |
| CDW Corp. | 998 | 158961 |
| Cencora, Inc. | 2184 | 682566 |
| Charles Schwab Corp. | 9106 | 869350 |
| Cheniere Energy, Inc. | 1136 | 266937 |
| Chevron Corp. | 4428 | 687624 |
| Chipotle Mexican Grill, Inc. <sup>(A)</sup> <br>| 10959 | 429483 |
| Ciena Corp. <sup>(A)</sup> <br>| 1761 | 256525 |
| Cigna Group | 2206 | 635879 |
| Cisco Systems, Inc. | 4016 | 274775 |
| CME Group, Inc. | 1985 | 536327 |
| Coca-Cola Co. | 18857 | 1250596 |
| &nbsp;&nbsp; Cognizant Technology Solutions Corp., <br> Class A<br>| 5233 | 350977 |
| Columbia Banking System, Inc. | 8961 | 230656 |
| Columbia Sportswear Co. | 3608 | 188698 |
| Comfort Systems USA, Inc. | 303 | 250030 |
| ConocoPhillips | 8703 | 823217 |
| Constellation Brands, Inc., Class A | 1661 | 223687 |
| Copart, Inc. <sup>(A)</sup> <br>| 6113 | 274902 |
| Corpay, Inc. <sup>(A)</sup> <br>| 1233 | 355178 |
| Crowdstrike Holdings, Inc., Class A <sup>(A)</sup> <br>| 783 | 383968 |
| CVS Health Corp. | 4666 | 351770 |
| Danaher Corp. | 2427 | 481177 |
| Darden Restaurants, Inc. | 961 | 182936 |
| Deere & Co. | 384 | 175588 |
| Dominion Energy, Inc. | 9491 | 580564 |
| DoorDash, Inc., Class A <sup>(A)</sup> <br>| 2578 | 701190 |
| Dover Corp. | 3048 | 508498 |
| Eagle Materials, Inc. | 944 | 219990 |
| EastGroup Properties, Inc., REIT | 971 | 164351 |
| Eli Lilly & Co. | 627 | 478401 |

---

**Transamerica Series Trust**

**Page 2**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Emerson Electric Co. | 6511 | $854113 |
| Entergy Corp. | 2279 | 212380 |
| EOG Resources, Inc. | 7717 | 865230 |
| Equinix, Inc., REIT | 462 | 361857 |
| Expedia Group, Inc. | 2443 | 522191 |
| Exxon Mobil Corp. | 14344 | 1617286 |
| FedEx Corp. | 2133 | 502983 |
| Fidelity National Information Services, Inc. | 5184 | 341833 |
| Fifth Third Bancorp | 5338 | 237808 |
| Figma, Inc., Class A <sup>(A)</sup> <br>| 1194 | 61933 |
| First Citizens BancShares, Inc., Class A | 412 | 737134 |
| Flowco Holdings, Inc., Class A | 5246 | 77903 |
| Flutter Entertainment PLC <sup>(A)</sup> <br>| 1122 | 284988 |
| Fortune Brands Innovations, Inc. | 5971 | 318792 |
| General Dynamics Corp. | 1416 | 482856 |
| Gentex Corp. | 10356 | 293075 |
| Gilead Sciences, Inc. | 2937 | 326007 |
| GoDaddy, Inc., Class A <sup>(A)</sup> <br>| 961 | 131494 |
| Goldman Sachs Group, Inc. | 839 | 668138 |
| Graphic Packaging Holding Co. | 19610 | 383768 |
| Hayward Holdings, Inc. <sup>(A)</sup> <br>| 14049 | 212421 |
| HCA Healthcare, Inc. | 754 | 321355 |
| Henry Schein, Inc. <sup>(A)</sup> <br>| 9708 | 644320 |
| Hewlett Packard Enterprise Co. | 26735 | 656612 |
| Hilton Worldwide Holdings, Inc. | 687 | 178235 |
| Home Depot, Inc. | 1011 | 409647 |
| Host Hotels & Resorts, Inc., REIT | 20056 | 341353 |
| Howmet Aerospace, Inc. | 4949 | 971142 |
| HubSpot, Inc. <sup>(A)</sup> <br>| 667 | 312023 |
| Humana, Inc. | 1574 | 409508 |
| IAC, Inc. <sup>(A)</sup> <br>| 5999 | 204386 |
| Insmed, Inc. <sup>(A)</sup> <br>| 3969 | 571576 |
| Interactive Brokers Group, Inc., Class A | 6069 | 417608 |
| Intercontinental Exchange, Inc. | 1044 | 175893 |
| International Paper Co. | 4631 | 214878 |
| Intuit, Inc. | 1272 | 868661 |
| Intuitive Surgical, Inc. <sup>(A)</sup> <br>| 1013 | 453044 |
| IQVIA Holdings, Inc. <sup>(A)</sup> <br>| 737 | 139986 |
| ITT, Inc. | 2893 | 517153 |
| Jabil, Inc. | 1132 | 245836 |
| JB Hunt Transport Services, Inc. | 2224 | 298394 |
| Johnson & Johnson | 15562 | 2885506 |
| Keurig Dr. Pepper, Inc. | 10710 | 273212 |
| Kinder Morgan, Inc. | 13422 | 379977 |
| Kinsale Capital Group, Inc. | 452 | 192218 |
| Kontoor Brands, Inc. | 3245 | 258854 |
| Labcorp Holdings, Inc. | 2025 | 581296 |
| Lamar Advertising Co., Class A, REIT | 2231 | 273119 |
| Linde PLC | 1515 | 719625 |
| Loews Corp. | 6584 | 660968 |
| Lowe's Cos., Inc. | 7875 | 1979066 |
| M&T Bank Corp. | 5244 | 1036319 |
| Marriott International, Inc., Class A | 1695 | 441446 |
| Marsh & McLennan Cos., Inc. | 976 | 196693 |
| Martin Marietta Materials, Inc. | 651 | 410312 |
| Mastercard, Inc., Class A | 4640 | 2639278 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| McDonald's Corp. | 4862 | $1477513 |
| McKesson Corp. | 498 | 384725 |
| Merck & Co., Inc. | 4156 | 348813 |
| Meta Platforms, Inc., Class A | 8112 | 5957291 |
| Mettler-Toledo International, Inc. <sup>(A)</sup> <br>| 129 | 158362 |
| MGIC Investment Corp. | 17094 | 484957 |
| Microsoft Corp. | 19468 | 10083451 |
| &nbsp;&nbsp; Mid-America Apartment Communities, Inc., <br> REIT<br>| 3111 | 434700 |
| Middleby Corp. <sup>(A)</sup> <br>| 2667 | 354524 |
| Mohawk Industries, Inc. <sup>(A)</sup> <br>| 2533 | 326554 |
| Moody's Corp. | 678 | 323053 |
| Morgan Stanley | 7891 | 1254353 |
| Murphy USA, Inc. | 863 | 335068 |
| Natera, Inc. <sup>(A)</sup> <br>| 2677 | 430917 |
| Netflix, Inc. <sup>(A)</sup> <br>| 1015 | 1216904 |
| Neurocrine Biosciences, Inc. <sup>(A)</sup> <br>| 2632 | 369480 |
| Nexstar Media Group, Inc. | 836 | 165311 |
| NextEra Energy, Inc. | 13608 | 1027268 |
| Northern Trust Corp. | 2208 | 297197 |
| NVIDIA Corp. | 62591 | 11678229 |
| Omnicom Group, Inc. | 3974 | 324000 |
| ON Semiconductor Corp. <sup>(A)</sup> <br>| 4206 | 207398 |
| Oracle Corp. | 3292 | 925842 |
| Oscar Health, Inc., Class A <sup>(A)(B)</sup> <br>| 7468 | 141369 |
| Packaging Corp. of America | 1420 | 309461 |
| Palo Alto Networks, Inc. <sup>(A)</sup> <br>| 2625 | 534502 |
| PG&E Corp. | 22457 | 338652 |
| Philip Morris International, Inc. | 5024 | 814893 |
| Post Holdings, Inc. <sup>(A)</sup> <br>| 3846 | 413368 |
| Procter & Gamble Co. | 2763 | 424535 |
| Progressive Corp. | 1391 | 343507 |
| Public Service Enterprise Group, Inc. | 2198 | 183445 |
| Public Storage, REIT | 1295 | 374061 |
| Quanta Services, Inc. | 1519 | 629504 |
| Raymond James Financial, Inc. | 1156 | 199526 |
| Rayonier, Inc., REIT | 9464 | 251175 |
| Reddit, Inc., Class A <sup>(A)</sup> <br>| 1400 | 321986 |
| Regency Centers Corp., REIT | 6645 | 484420 |
| Regeneron Pharmaceuticals, Inc. | 392 | 220410 |
| Regions Financial Corp. | 24160 | 637099 |
| Robinhood Markets, Inc., Class A <sup>(A)</sup> <br>| 4548 | 651183 |
| Ross Stores, Inc. | 1854 | 282531 |
| RTX Corp. | 3617 | 605233 |
| Salesforce, Inc. | 1666 | 394842 |
| SBA Communications Corp., REIT | 1393 | 269337 |
| ServiceNow, Inc. <sup>(A)</sup> <br>| 302 | 277925 |
| Silgan Holdings, Inc. | 8365 | 359779 |
| Snowflake, Inc., Class A <sup>(A)</sup> <br>| 2301 | 518991 |
| Southern Co. | 16566 | 1569960 |
| Southwest Airlines Co. | 7656 | 244303 |
| State Street Corp. | 6743 | 782255 |
| Synopsys, Inc. <sup>(A)</sup> <br>| 447 | 220545 |
| Take-Two Interactive Software, Inc. <sup>(A)</sup> <br>| 2114 | 546173 |
| TD SYNNEX Corp. | 4706 | 770607 |
| Teradyne, Inc. | 2039 | 280648 |

---

**Transamerica Series Trust**

**Page 3**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Tesla, Inc. <sup>(A)</sup> <br>| 5993 | $2665207 |
| Texas Instruments, Inc. | 3482 | 639748 |
| Thermo Fisher Scientific, Inc. | 689 | 334179 |
| TJX Cos., Inc. | 4068 | 587989 |
| Tradeweb Markets, Inc., Class A | 1683 | 186779 |
| TransUnion | 3500 | 293230 |
| Travelers Cos., Inc. | 2705 | 755290 |
| Twilio, Inc., Class A <sup>(A)</sup> <br>| 1733 | 173456 |
| U.S. Bancorp | 9104 | 439996 |
| Uber Technologies, Inc. <sup>(A)</sup> <br>| 5528 | 541578 |
| Ulta Beauty, Inc. <sup>(A)</sup> <br>| 732 | 400221 |
| Union Pacific Corp. | 2161 | 510796 |
| UnitedHealth Group, Inc. | 3083 | 1064560 |
| Verizon Communications, Inc. | 10070 | 442576 |
| Vertex Pharmaceuticals, Inc. <sup>(A)</sup> <br>| 454 | 177805 |
| Vistra Corp. | 2297 | 450028 |
| W.R. Berkley Corp. | 3036 | 232618 |
| Walt Disney Co. | 20914 | 2394653 |
| Wells Fargo & Co. | 36146 | 3029758 |
| Western Digital Corp. | 4685 | 562481 |
| Weyerhaeuser Co., REIT | 11885 | 294629 |
| Williams Cos., Inc. | 14022 | 888294 |
| WillScot Holdings Corp. | 17731 | 374301 |
| Xcel Energy, Inc. | 4385 | 353650 |
| Yum! Brands, Inc. | 2606 | 396112 |
|  |  | 155488080 |
| &nbsp;&nbsp; **Total Common Stocks** <br>**(Cost $186,991,726)**<br>|  | 229161483 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **U.S. GOVERNMENT AGENCY OBLIGATIONS - 24.8%**  | **U.S. GOVERNMENT AGENCY OBLIGATIONS - 24.8%**  | **U.S. GOVERNMENT AGENCY OBLIGATIONS - 24.8%**  |
| COOF Securitization Trust Ltd., Interest <br> Only STRIPS |  |  |
| 2.94% <sup>(C)</sup>, 06/25/2040 <sup>(D)</sup> <br>| $27746 | 1927 |
| Federal Farm Credit Banks Funding Corp. |  |  |
| 1.65%, 07/23/2035 | 5000000 | 3870221 |
| 2.10%, 02/25/2036 | 1525000 | 1213918 |
| 2.35%, 03/10/2036 | 2660000 | 2163909 |
| 2.50%, 04/14/2036 | 4647000 | 3805372 |
| 2.75%, 02/02/2037 | 3831000 | 3199441 |
| Federal Home Loan Banks |  |  |
| 1.93%, 02/11/2036 | 3000000 | 2342418 |
| 2.09%, 02/22/2036 | 4510000 | 3580805 |
| Federal Home Loan Mortgage Corp. |  |  |
| 2.50%, 07/01/2050 - 04/01/2052 | 11610245 | 9858269 |
| 3.00%, 11/01/2051 - 06/01/2052 | 2928159 | 2596947 |
| 3.50%, 01/01/2032 - 07/01/2052 | 1599608 | 1501896 |
| 4.50%, 09/01/2052 | 7302772 | 7121520 |
| 5.00%, 07/01/2052 - 12/01/2053 | 15561736 | 15497999 |
| 5.50%, 05/01/2053 - 10/01/2054 | 11743969 | 11893471 |
| 6.00%, 06/01/2053 - 10/01/2054 | 14044321 | 14504046 |
| 6.50%, 09/01/2037 - 05/01/2054 | 2488760 | 2600787 |
| &nbsp;&nbsp;&nbsp; 1-Year CMT + 2.43%, <br>6.55% <sup>(C)</sup>, 12/01/2031<br>| 5135 | 5228 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** |
| &nbsp;&nbsp; Federal Home Loan Mortgage <br> Corp. (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; 1-Year RFUCC Treasury + 1.85%, <br>6.60% <sup>(C)</sup>, 07/01/2040<br>| $10871 | $11247 |
| &nbsp;&nbsp;&nbsp; 1-Year CMT + 2.25%, <br>6.69% <sup>(C)</sup>, 02/01/2036<br>| 6903 | 7095 |
| Federal Home Loan Mortgage Corp. <br> Multifamily Structured Credit Risk |  |  |
| &nbsp;&nbsp;&nbsp; 1-Month SOFR Average + 1.65%, <br>6.01% <sup>(C)</sup>, 07/25/2045 <sup>(D)</sup> <br>| 310896 | 310265 |
| Federal Home Loan Mortgage Corp. <br> REMICS |  |  |
| 2.50%, 12/25/2047 | 2825543 | 2533276 |
| &nbsp;&nbsp;&nbsp; (4.44) \* 1-Month SOFR Average + <br> 23.93%, <br>4.50% <sup>(C)</sup>, 06/15/2035<br>| 23243 | 24227 |
| &nbsp;&nbsp;&nbsp; (3.62) \* 1-Month SOFR Average + <br> 26.80%, <br>5.50% <sup>(C)</sup>, 05/15/2041<br>| 31621 | 31459 |
| &nbsp;&nbsp;&nbsp; 1-Month SOFR Average + 1.20%, <br>5.56% <sup>(C)</sup>, 11/25/2054<br>| 1897445 | 1901327 |
| 5.62% <sup>(C)</sup>, 10/15/2038 | 7455 | 7760 |
| &nbsp;&nbsp;&nbsp; 1-Month SOFR Average + 1.35%, <br>5.71% <sup>(C)</sup>, 11/25/2054<br>| 1877817 | 1889423 |
| Federal Home Loan Mortgage Corp. <br> REMICS, Interest Only STRIPS |  |  |
| &nbsp;&nbsp;&nbsp; (1.00) \* 1-Month SOFR Average + 6.26%, <br>1.88% <sup>(C)</sup>, 10/15/2037<br>| 93078 | 8407 |
| Federal Home Loan Mortgage Corp. <br> REMICS, Principal Only STRIPS |  |  |
| 09/15/2032 - 01/15/2040 | 61817 | 52856 |
| Federal National Mortgage Association |  |  |
| 2.50%, 08/01/2050 - 05/01/2052 | 10050327 | 8553471 |
| 3.00%, 04/01/2051 - 07/01/2060 | 35397401 | 31319407 |
| 3.50%, 08/01/2032 - 05/01/2052 | 6501707 | 6019260 |
| 4.50%, 09/01/2040 | 61457 | 61549 |
| 5.00%, 07/01/2052 - 11/01/2052 | 9768055 | 9746191 |
| 5.50%, 12/01/2052 - 01/01/2059 | 11071718 | 11282560 |
| 6.00%, 07/01/2027 - 07/01/2053 | 8092101 | 8325724 |
| 6.50%, 11/01/2053 - 02/01/2054 | 4653925 | 4829618 |
| 7.00%, 11/01/2037 | 8538 | 8771 |
| Federal National Mortgage Association <br> REMICS |  |  |
| 2.50%, 09/25/2048 | 4263853 | 3822271 |
| 5.00%, 01/25/2046 | 1102281 | 1127158 |
| 5.50%, 11/25/2033 | 440317 | 449895 |
| &nbsp;&nbsp;&nbsp; 1-Month SOFR Average + 1.17%, <br>5.53% <sup>(C)</sup>, 09/25/2054<br>| 1831979 | 1834531 |
| Federal National Mortgage Association <br> REMICS, Interest Only STRIPS |  |  |
| &nbsp;&nbsp;&nbsp; (1.00) \* 1-Month SOFR Average + 6.42%, <br>2.06% <sup>(C)</sup>, 01/25/2041<br>| 91310 | 10748 |
| &nbsp;&nbsp;&nbsp; (1.00) \* 1-Month SOFR Average + 6.49%, <br>2.13% <sup>(C)</sup>, 08/25/2035 - 06/25/2036<br>| 77226 | 8703 |
| &nbsp;&nbsp;&nbsp; (1.00) \* 1-Month SOFR Average + 6.59%, <br>2.23% <sup>(C)</sup>, 03/25/2036<br>| 85171 | 8227 |
| Federal National Mortgage Association <br> REMICS, Principal Only STRIPS |  |  |
| 12/25/2034 - 12/25/2043 | 361973 | 276817 |

---

**Transamerica Series Trust**

**Page 4**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** |
| Federal National Mortgage Association, <br> Principal Only STRIPS |  |  |
| 08/25/2032 | $5297 | $4896 |
| Federal National Mortgage <br> Association-ACES |  |  |
| 1.59%, 11/25/2028 | 217817 | 204066 |
| Federal National Mortgage Association-<br> ACES, Interest Only STRIPS |  |  |
| 2.01% <sup>(C)</sup>, 11/25/2033 | 2836072 | 181578 |
| 2.05% <sup>(C)</sup>, 07/25/2030 | 2397830 | 129775 |
| 2.10% <sup>(C)</sup>, 11/25/2028 | 1729605 | 71102 |
| Government National Mortgage <br> Association |  |  |
| 2.00%, 04/20/2052 | 6092809 | 5036936 |
| 3.00%, 08/20/2052 - 02/20/2055 | 7989391 | 7150250 |
| 4.00%, 10/20/2052 | 1900096 | 1802920 |
| 4.50%, 08/20/2052 | 8229116 | 8041431 |
| 5.00%, 08/20/2052 - 09/20/2052 | 2885683 | 2887798 |
| 5.50%, 11/20/2052 - 09/20/2054 | 9138588 | 9254017 |
| Government National Mortgage <br> Association REMICS |  |  |
| 1.65%, 01/20/2063 - 04/20/2063 | 6120 | 5840 |
| 3.50%, 10/20/2051 | 1093115 | 1053051 |
| 4.00% <sup>(C)</sup>, 11/16/2042 | 57199 | 55327 |
| &nbsp;&nbsp;&nbsp; 1-Month Term SOFR + 0.56%, <br>4.92% <sup>(C)</sup>, 03/20/2060 - 05/20/2062<br>| 3642 | 3618 |
| 5.00%, 04/20/2041 | 307960 | 309340 |
| &nbsp;&nbsp;&nbsp; 1-Month Term SOFR + 0.66%, <br>5.02% <sup>(C)</sup>, 04/20/2062 - 07/20/2062<br>| 331 | 330 |
| &nbsp;&nbsp;&nbsp; 1-Month Term SOFR + 0.76%, <br>5.12% <sup>(C)</sup>, 05/20/2061<br>| 59 | 59 |
| 5.14% <sup>(C)</sup>, 07/20/2060 | 373 | 373 |
| &nbsp;&nbsp;&nbsp; 1-Month Term SOFR + 1.11%, <br>5.47% <sup>(C)</sup>, 12/20/2066<br>| 100222 | 100759 |
| &nbsp;&nbsp;&nbsp; (3.50) \* 1-Month Term SOFR + 22.87%, <br>8.40% <sup>(C)</sup>, 04/20/2037<br>| 11983 | 13156 |
| &nbsp;&nbsp; Government National Mortgage <br> Association REMICS, Interest Only <br>STRIPS |  |  |
| 1.87% <sup>(C)</sup>, 06/20/2067 | 934762 | 26146 |
| &nbsp;&nbsp;&nbsp; (1.00) \* 1-Month Term SOFR + 6.49%, <br>2.35% <sup>(C)</sup>, 05/20/2041<br>| 26534 | 1753 |
| 7.50%, 04/20/2031 | 205 | 12 |
| &nbsp;&nbsp; Government National Mortgage <br> Association REMICS, Principal Only <br>STRIPS |  |  |
| 01/20/2038 | 4109 | 3330 |
| KGS-Alpha SBA COOF Trust, Interest Only <br> STRIPS |  |  |
| 0.95% <sup>(C)</sup>, 08/25/2038 <sup>(D)</sup> <br>| 97750 | 1708 |
| 1.71% <sup>(C)</sup>, 03/25/2039 <sup>(D)</sup> <br>| 90310 | 2380 |
| 2.64% <sup>(C)</sup>, 04/25/2040 <sup>(D)</sup> <br>| 29014 | 1578 |
| Resolution Funding Corp., Principal Only <br> STRIPS |  |  |
| 04/15/2030 <sup>(B)</sup> <br>| 400000 | 334690 |
| Tennessee Valley Authority |  |  |
| 4.25%, 09/15/2065 <sup>(B)</sup> <br>| 264000 | 218576 |
| 4.63%, 09/15/2060 | 155000 | 139035 |
| 5.88%, 04/01/2036 | 874000 | 977928 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** |
| Tennessee Valley Authority, Interest Only <br> STRIPS |  |  |
| Zero Coupon, 07/15/2028 | $1000000 | $901244 |
| &nbsp;&nbsp; **Total U.S. Government Agency Obligations** <br>**(Cost $218,408,357)** | &nbsp;&nbsp; **Total U.S. Government Agency Obligations** <br>**(Cost $218,408,357)** | 219135419 |
| **CORPORATE DEBT SECURITIES - 22.8%**  | **CORPORATE DEBT SECURITIES - 22.8%**  | **CORPORATE DEBT SECURITIES - 22.8%**  |
| **Australia - 0.1%**  | **Australia - 0.1%**  | **Australia - 0.1%**  |
| National Australia Bank Ltd. |  |  |
| 2.33%, 08/21/2030 <sup>(D)</sup> <br>| 415000 | 373543 |
| Santos Finance Ltd. |  |  |
| 3.65%, 04/29/2031 <sup>(D)</sup> <br>| 319000 | 297771 |
| 6.88%, 09/19/2033 <sup>(D)</sup> <br>| 196000 | 215556 |
|  |  | 886870 |
| **Belgium - 0.1%**  | **Belgium - 0.1%**  | **Belgium - 0.1%**  |
| KBC Group NV |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/23/2030, <br>4.45% <sup>(C)</sup>, 09/23/2031 <sup>(D)</sup> <br>| 250000 | 248676 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/16/2029, <br>4.93% <sup>(C)</sup>, 10/16/2030 <sup>(D)</sup> <br>| 200000 | 203437 |
|  |  | 452113 |
| **Canada - 0.5%**  | **Canada - 0.5%**  | **Canada - 0.5%**  |
| Air Canada Pass-Through Trust |  |  |
| 3.75%, 06/15/2029 <sup>(D)</sup> <br>| 551858 | 540763 |
| Canadian Pacific Railway Co. |  |  |
| 3.10%, 12/02/2051 | 536000 | 362423 |
| 4.70%, 05/01/2048 | 261000 | 232927 |
| Emera, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 06/15/2026, <br>6.75% <sup>(C)</sup>, 06/15/2076<br>| 106000 | 106543 |
| Enbridge, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 10/15/2028, <br>8.25% <sup>(C)</sup>, 01/15/2084<br>| 214000 | 229871 |
| Federation des Caisses Desjardins du <br> Quebec |  |  |
| 5.70%, 03/14/2028 <sup>(D)</sup> <br>| 330000 | 342034 |
| GFL Environmental, Inc. |  |  |
| 3.50%, 09/01/2028 <sup>(D)</sup> <br>| 110000 | 107293 |
| 6.75%, 01/15/2031 <sup>(D)</sup> <br>| 1010000 | 1056885 |
| Manulife Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/24/2027, <br>4.06% <sup>(C)</sup>, 02/24/2032<br>| 169000 | 167803 |
| Rogers Communications, Inc. |  |  |
| 3.80%, 03/15/2032 | 589000 | 556391 |
| Toronto-Dominion Bank |  |  |
| 5.30%, 01/30/2032 | 265000 | 276761 |
| TransCanada PipeLines Ltd. |  |  |
| 5.60%, 03/31/2034 | 110000 | 113798 |
| 6.10%, 06/01/2040 | 78000 | 82520 |
| TransCanada Trust |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/15/2029, <br>5.50% <sup>(C)</sup>, 09/15/2079<br>| 385000 | 381425 |
| &nbsp;&nbsp;&nbsp; Fixed until 08/15/2026, <br>5.88% <sup>(C)</sup>, 08/15/2076<br>| 208000 | 208125 |
|  |  | 4765562 |

---

**Transamerica Series Trust**

**Page 5**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Cayman Islands - 0.3%**  | **Cayman Islands - 0.3%**  | **Cayman Islands - 0.3%**  |
| Avolon Holdings Funding Ltd. |  |  |
| 4.90%, 10/10/2030 <sup>(D)</sup> <br>| $295000 | $296614 |
| 5.15%, 01/15/2030 <sup>(D)</sup> <br>| 839000 | 851019 |
| 5.38%, 05/30/2030 <sup>(D)</sup> <br>| 445000 | 456475 |
| 5.75%, 11/15/2029 <sup>(D)</sup> <br>| 195000 | 202577 |
| 6.38%, 05/04/2028 <sup>(D)</sup> <br>| 348000 | 363005 |
|  |  | 2169690 |
| **Chile - 0.0% \*** | **Chile - 0.0% \*** | **Chile - 0.0% \*** |
| Corp. Nacional del Cobre de Chile |  |  |
| 6.78%, 01/13/2055 <sup>(D)</sup> <br>| 280000 | 300384 |
| **Denmark - 0.1%**  | **Denmark - 0.1%**  | **Denmark - 0.1%**  |
| Danske Bank AS |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 10/02/2029, <br>4.61% <sup>(C)</sup>, 10/02/2030 <sup>(D)</sup> <br>| 675000 | 678529 |
| &nbsp;&nbsp;&nbsp; Fixed until 03/01/2029, <br>5.71% <sup>(C)</sup>, 03/01/2030 <sup>(D)</sup> <br>| 200000 | 208085 |
|  |  | 886614 |
| **Finland - 0.0% \*** | **Finland - 0.0% \*** | **Finland - 0.0% \*** |
| Nordea Bank Abp |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/13/2028, <br>4.63% <sup>(C)</sup>, 09/13/2033 <sup>(D)</sup> <br>| 270000 | 269514 |
| **France - 0.5%**  | **France - 0.5%**  | **France - 0.5%**  |
| BNP Paribas SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/09/2028, <br>4.79% <sup>(C)</sup>, 05/09/2029 <sup>(D)</sup> <br>| 305000 | 307840 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/09/2030, <br>5.09% <sup>(C)</sup>, 05/09/2031 <sup>(D)</sup> <br>| 410000 | 417834 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/10/2034 <sup>(E)</sup>, <br>7.38% <sup>(C)</sup><sup>(D)</sup> <br>| 200000 | 209162 |
| &nbsp;&nbsp;&nbsp; Fixed until 08/16/2029 <sup>(E)</sup>, <br>7.75% <sup>(C)</sup><sup>(D)</sup> <br>| 485000 | 513563 |
| BPCE SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/14/2030, <br>5.88% <sup>(C)</sup>, 01/14/2031 <sup>(D)</sup> <br>| 250000 | 261095 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/14/2035, <br>6.29% <sup>(C)</sup>, 01/14/2036 <sup>(D)</sup> <br>| 290000 | 310344 |
| Credit Agricole SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/25/2032, <br>4.82% <sup>(C)</sup>, 09/25/2033 <sup>(D)</sup> <br>| 320000 | 318033 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/09/2028, <br>5.23% <sup>(C)</sup>, 01/09/2029 <sup>(D)</sup> <br>| 455000 | 463729 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/23/2034 <sup>(E)</sup>, <br>6.70% <sup>(B)</sup><sup>(C)</sup><sup>(D)</sup> <br>| 200000 | 200782 |
| Engie SA |  |  |
| 5.25%, 04/10/2029 <sup>(D)</sup> <br>| 240000 | 247017 |
| Societe Generale SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/22/2030, <br>5.51% <sup>(C)</sup>, 05/22/2031 <sup>(D)</sup> <br>| 200000 | 205732 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/21/2029 <sup>(E)</sup>, <br>8.13% <sup>(C)</sup><sup>(D)</sup> <br>| 650000 | 680883 |
| TotalEnergies Capital International SA |  |  |
| 2.99%, 06/29/2041 | 493000 | 373804 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **France (continued)** | **France (continued)** | **France (continued)** |
| TotalEnergies Capital SA |  |  |
| 5.28%, 09/10/2054 | $42000 | $40346 |
| 5.64%, 04/05/2064 | 174000 | 173357 |
|  |  | 4723521 |
| **Germany - 0.2%**  | **Germany - 0.2%**  | **Germany - 0.2%**  |
| Deutsche Bank AG |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/16/2026, <br>2.31% <sup>(C)</sup>, 11/16/2027<br>| 460000 | 449936 |
| &nbsp;&nbsp;&nbsp; Fixed until 08/04/2030, <br>4.95% <sup>(C)</sup>, 08/04/2031<br>| 385000 | 388641 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/10/2032, <br>7.08% <sup>(C)</sup>, 02/10/2034<br>| 350000 | 384735 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/13/2026, <br>7.15% <sup>(C)</sup>, 07/13/2027<br>| 460000 | 469845 |
|  |  | 1693157 |
| **Ireland - 0.3%**  | **Ireland - 0.3%**  | **Ireland - 0.3%**  |
| AerCap Ireland Capital DAC/AerCap <br> Global Aviation Trust |  |  |
| 3.00%, 10/29/2028 | 847000 | 816247 |
| 5.00%, 11/15/2035 <sup>(F)</sup> <br>| 150000 | 148351 |
| AIB Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/15/2030, <br>5.32% <sup>(C)</sup>, 05/15/2031 <sup>(D)</sup> <br>| 570000 | 586856 |
| &nbsp;&nbsp;&nbsp; Fixed until 03/28/2034, <br>5.87% <sup>(C)</sup>, 03/28/2035 <sup>(D)</sup> <br>| 200000 | 210397 |
| Bank of Ireland Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/20/2029, <br>5.60% <sup>(C)</sup>, 03/20/2030 <sup>(B)</sup><sup>(D)</sup> <br>| 435000 | 451119 |
|  |  | 2212970 |
| **Italy - 0.2%**  | **Italy - 0.2%**  | **Italy - 0.2%**  |
| Eni SpA |  |  |
| 5.70%, 10/01/2040 <sup>(D)</sup> <br>| 405000 | 394313 |
| 5.95%, 05/15/2054 <sup>(D)</sup> <br>| 400000 | 399868 |
| Intesa Sanpaolo SpA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 06/01/2041, <br>4.95% <sup>(C)</sup>, 06/01/2042 <sup>(D)</sup> <br>| 925000 | 782295 |
| 6.63%, 06/20/2033 <sup>(D)</sup> <br>| 250000 | 275180 |
| UniCredit SpA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 06/03/2031, <br>3.13% <sup>(C)</sup>, 06/03/2032 <sup>(D)</sup> <br>| 200000 | 184287 |
|  |  | 2035943 |
| **Japan - 0.1%**  | **Japan - 0.1%**  | **Japan - 0.1%**  |
| Japan Tobacco, Inc. |  |  |
| 5.85%, 06/15/2035 <sup>(D)</sup> <br>| 340000 | 362048 |
| Mitsubishi UFJ Financial Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/12/2030, <br>4.53% <sup>(C)</sup>, 09/12/2031<br>| 440000 | 441675 |
| NTT Finance Corp. |  |  |
| 5.50%, 07/16/2035 <sup>(D)</sup> <br>| 200000 | 206878 |
|  |  | 1010601 |
| **Mexico - 0.0% \*** | **Mexico - 0.0% \*** | **Mexico - 0.0% \*** |
| Mexico City Airport Trust |  |  |
| 5.50%, 07/31/2047 <sup>(D)</sup> <br>| 200000 | 173001 |

---

**Transamerica Series Trust**

**Page 6**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Multi-National - 0.1%**  | **Multi-National - 0.1%**  | **Multi-National - 0.1%**  |
| JBS USA Holding LUX SARL/JBS USA <br> Food Co./JBS LUX Co. SARL |  |  |
| 3.00%, 05/15/2032 | $120000 | $107361 |
| 3.63%, 01/15/2032 | 200000 | 186433 |
| 4.38%, 02/02/2052 | 199000 | 156457 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 2.65%, 02/15/2032 | 225000 | 200138 |
|  |  | 650389 |
| **Netherlands - 0.4%**  | **Netherlands - 0.4%**  | **Netherlands - 0.4%**  |
| ABN AMRO Bank NV |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 12/03/2027, <br>4.99% <sup>(C)</sup>, 12/03/2028 <sup>(D)</sup> <br>| 500000 | 507737 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/18/2026, <br>6.34% <sup>(C)</sup>, 09/18/2027 <sup>(D)</sup> <br>| 400000 | 407775 |
| ENEL Finance International NV |  |  |
| 2.13%, 07/12/2028 <sup>(D)</sup> <br>| 200000 | 188912 |
| 2.50%, 07/12/2031 <sup>(D)</sup> <br>| 490000 | 437514 |
| 3.50%, 04/06/2028 <sup>(D)</sup> <br>| 200000 | 196354 |
| 4.13%, 09/30/2028 <sup>(D)</sup> <br>| 200000 | 199436 |
| 5.00%, 09/30/2035 <sup>(D)</sup> <br>| 200000 | 197084 |
| 5.13%, 06/26/2029 <sup>(D)</sup> <br>| 355000 | 363668 |
| ING Groep NV |  |  |
| &nbsp;&nbsp;&nbsp; 3-Month SOFR Index + 1.01%, <br>5.16% <sup>(C)</sup>, 03/25/2029<br>| 515000 | 517552 |
|  |  | 3016032 |
| **Panama - 0.0% \*** | **Panama - 0.0% \*** | **Panama - 0.0% \*** |
| Banco Nacional de Panama |  |  |
| 2.50%, 08/11/2030 <sup>(D)</sup> <br>| 300000 | 262872 |
| Carnival Corp. |  |  |
| 6.00%, 05/01/2029 <sup>(D)</sup> <br>| 100000 | 101492 |
|  |  | 364364 |
| **Singapore - 0.0% \*** | **Singapore - 0.0% \*** | **Singapore - 0.0% \*** |
| Pfizer Investment Enterprises Pte. Ltd. |  |  |
| 5.34%, 05/19/2063 | 328000 | 311321 |
| **Spain - 0.3%**  | **Spain - 0.3%**  | **Spain - 0.3%**  |
| Banco Bilbao Vizcaya Argentaria SA |  |  |
| 5.38%, 03/13/2029 | 400000 | 413218 |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/14/2026, <br>1.72% <sup>(C)</sup>, 09/14/2027<br>| 600000 | 585492 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/21/2033 <sup>(E)</sup>, <br>9.63% <sup>(C)</sup> <br>| 200000 | 241205 |
| CaixaBank SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/03/2035, <br>5.58% <sup>(C)</sup>, 07/03/2036 <sup>(D)</sup> <br>| 200000 | 204846 |
| &nbsp;&nbsp;&nbsp; Fixed until 06/15/2034, <br>6.04% <sup>(C)</sup>, 06/15/2035 <sup>(D)</sup> <br>| 200000 | 212510 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/13/2026, <br>6.68% <sup>(C)</sup>, 09/13/2027 <sup>(D)</sup> <br>| 395000 | 403604 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/13/2033, <br>6.84% <sup>(C)</sup>, 09/13/2034 <sup>(D)</sup> <br>| 245000 | 272997 |
|  |  | 2333872 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Sweden - 0.1%**  | **Sweden - 0.1%**  | **Sweden - 0.1%**  |
| Svenska Handelsbanken AB |  |  |
| 5.50%, 06/15/2028 <sup>(D)</sup> <br>| $480000 | $497312 |
| **Switzerland - 0.2%**  | **Switzerland - 0.2%**  | **Switzerland - 0.2%**  |
| UBS AG |  |  |
| 7.50%, 02/15/2028 | 825000 | 888239 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/23/2036, <br>5.01% <sup>(C)</sup>, 03/23/2037 <sup>(D)</sup> <br>| 200000 | 199036 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/13/2033 <sup>(E)</sup>, <br>9.25% <sup>(C)</sup><sup>(D)</sup> <br>| 200000 | 238173 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/13/2028 <sup>(E)</sup>, <br>9.25% <sup>(C)</sup><sup>(D)</sup> <br>| 200000 | 220303 |
|  |  | 1545751 |
| **United Kingdom - 0.8%**  | **United Kingdom - 0.8%**  | **United Kingdom - 0.8%**  |
| Anglo American Capital PLC |  |  |
| 2.63%, 09/10/2030 <sup>(D)</sup> <br>| 430000 | 394654 |
| BG Energy Capital PLC |  |  |
| 5.13%, 10/15/2041 <sup>(D)</sup> <br>| 210000 | 202941 |
| HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/19/2027, <br>5.13% <sup>(C)</sup>, 11/19/2028<br>| 480000 | 488557 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/13/2030, <br>5.24% <sup>(C)</sup>, 05/13/2031<br>| 620000 | 638012 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/19/2029, <br>5.29% <sup>(C)</sup>, 11/19/2030<br>| 570000 | 587957 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/17/2027, <br>5.60% <sup>(C)</sup>, 05/17/2028<br>| 410000 | 418610 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/03/2027, <br>7.39% <sup>(C)</sup>, 11/03/2028<br>| 485000 | 515100 |
| Imperial Brands Finance PLC |  |  |
| 5.88%, 07/01/2034 <sup>(D)</sup> <br>| 597000 | 624809 |
| Nationwide Building Society |  |  |
| 5.13%, 07/29/2029 <sup>(B)</sup><sup>(D)</sup> <br>| 520000 | 535652 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/10/2033 <sup>(E)</sup>, <br>8.13% <sup>(C)</sup> <br>| 200000 | 225151 |
| NatWest Markets PLC |  |  |
| 5.02%, 03/21/2030 <sup>(D)</sup> <br>| 560000 | 575000 |
| Santander U.K. Group Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/11/2029, <br>4.86% <sup>(C)</sup>, 09/11/2030<br>| 602000 | 608842 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/15/2030, <br>5.69% <sup>(C)</sup>, 04/15/2031<br>| 590000 | 615540 |
| Standard Chartered PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/08/2029, <br>7.02% <sup>(C)</sup>, 02/08/2030 <sup>(B)</sup><sup>(D)</sup> <br>| 715000 | 771362 |
| Vodafone Group PLC |  |  |
| 5.75%, 06/28/2054 | 116000 | 114204 |
|  |  | 7316391 |
| **United States - 18.5%**  | **United States - 18.5%**  | **United States - 18.5%**  |
| AbbVie, Inc. |  |  |
| 4.05%, 11/21/2039 | 490000 | 438518 |
| 4.25%, 11/21/2049 | 402000 | 338677 |
| 4.40%, 11/06/2042 | 167000 | 150610 |
| 4.63%, 10/01/2042 | 442000 | 409489 |

---

**Transamerica Series Trust**

**Page 7**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| AbbVie, Inc. (continued) |  |  |
| 4.80%, 03/15/2029 | $314000 | $321105 |
| 5.50%, 03/15/2064 | 51000 | 50973 |
| Accenture Capital, Inc. |  |  |
| 4.25%, 10/04/2031 | 224000 | 223666 |
| AES Corp. |  |  |
| 5.45%, 06/01/2028 | 317000 | 324672 |
| 5.80%, 03/15/2032 | 150000 | 155263 |
| Alexandria Real Estate Equities, Inc. |  |  |
| 2.00%, 05/18/2032 | 575000 | 486040 |
| 3.55%, 03/15/2052 | 216000 | 150165 |
| Alliant Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/01/2031, <br>5.75% <sup>(C)</sup>, 04/01/2056<br>| 130000 | 130163 |
| Alphabet, Inc. |  |  |
| 1.90%, 08/15/2040 | 145000 | 99084 |
| Altria Group, Inc. |  |  |
| 2.45%, 02/04/2032 | 480000 | 422530 |
| 3.40%, 02/04/2041 | 475000 | 368176 |
| 4.50%, 08/06/2030 | 520000 | 522013 |
| Amazon.com, Inc. |  |  |
| 2.50%, 06/03/2050 | 130000 | 80310 |
| 3.88%, 08/22/2037 | 599000 | 552271 |
| Amcor Flexibles North America, Inc. |  |  |
| 5.10%, 03/17/2030 | 180000 | 184082 |
| 5.50%, 03/17/2035 | 285000 | 293467 |
| Ameren Corp. |  |  |
| 5.38%, 03/15/2035 | 545000 | 559569 |
| American Airlines Pass-Through Trust |  |  |
| 3.95%, 01/11/2032 | 29200 | 27887 |
| 4.10%, 07/15/2029 | 154964 | 151063 |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 04/25/2028, <br>4.73% <sup>(C)</sup>, 04/25/2029<br>| 160000 | 162522 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/20/2032, <br>4.92% <sup>(C)</sup>, 07/20/2033<br>| 90000 | 91567 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/25/2035, <br>5.67% <sup>(C)</sup>, 04/25/2036<br>| 130000 | 137345 |
| American Homes 4 Rent LP |  |  |
| 4.95%, 06/15/2030 | 90000 | 91640 |
| American Tower Corp. |  |  |
| 5.20%, 02/15/2029 | 412000 | 423943 |
| Amgen, Inc. |  |  |
| 2.45%, 02/21/2030 | 586000 | 542818 |
| 3.15%, 02/21/2040 | 137000 | 107828 |
| 4.20%, 02/22/2052 | 369000 | 295604 |
| 4.66%, 06/15/2051 | 75000 | 65516 |
| 4.88%, 03/01/2053 | 165000 | 147153 |
| 5.75%, 03/02/2063 | 267000 | 266366 |
| Anheuser-Busch Cos. LLC/Anheuser-<br> Busch InBev Worldwide, Inc. |  |  |
| 4.70%, 02/01/2036 | 393000 | 388010 |
| Anheuser-Busch InBev Finance, Inc. |  |  |
| 4.70%, 02/01/2036 | 177000 | 174753 |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 5.80%, 01/23/2059 | 24000 | 25018 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Antero Resources Corp. |  |  |
| 5.38%, 03/01/2030 <sup>(D)</sup> <br>| $303000 | $304758 |
| Apple, Inc. |  |  |
| 2.65%, 02/08/2051 | 108000 | 68904 |
| 2.70%, 08/05/2051 | 490000 | 312728 |
| 2.95%, 09/11/2049 | 200000 | 136906 |
| AT&T, Inc. |  |  |
| 2.55%, 12/01/2033 | 873000 | 743368 |
| 3.50%, 06/01/2041 - 09/15/2053 | 304000 | 235043 |
| 3.55%, 09/15/2055 | 358000 | 246704 |
| 3.65%, 09/15/2059 | 354000 | 242031 |
| 4.90%, 11/01/2035 | 260000 | 257970 |
| 5.40%, 02/15/2034 | 133000 | 138233 |
| 5.55%, 11/01/2045 | 465000 | 460377 |
| 5.70%, 11/01/2054 | 140000 | 138371 |
| Athene Global Funding |  |  |
| 5.03%, 07/17/2030 <sup>(D)</sup> <br>| 705000 | 716273 |
| 5.54%, 08/22/2035 <sup>(D)</sup> <br>| 485000 | 491496 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/23/2030, <br>1.90% <sup>(C)</sup>, 07/23/2031<br>| 228000 | 203652 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/24/2030, <br>1.92% <sup>(C)</sup>, 10/24/2031<br>| 228000 | 202503 |
| &nbsp;&nbsp;&nbsp; Fixed until 06/19/2040, <br>2.68% <sup>(C)</sup>, 06/19/2041<br>| 58000 | 42741 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/22/2029, <br>2.88% <sup>(C)</sup>, 10/22/2030<br>| 1159000 | 1100036 |
| &nbsp;&nbsp;&nbsp; Fixed until 12/20/2027, <br>3.42% <sup>(C)</sup>, 12/20/2028<br>| 1127000 | 1109806 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/20/2027, <br>3.82% <sup>(C)</sup>, 01/20/2028<br>| 1561000 | 1553739 |
| &nbsp;&nbsp;&nbsp; Fixed until 03/08/2032, <br>3.85% <sup>(C)</sup>, 03/08/2037<br>| 439000 | 410153 |
| &nbsp;&nbsp;&nbsp; Fixed until 02/07/2029, <br>3.97% <sup>(C)</sup>, 02/07/2030<br>| 608000 | 603514 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/24/2030, <br>5.16% <sup>(C)</sup>, 01/24/2031<br>| 650000 | 670855 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/25/2028, <br>5.20% <sup>(C)</sup>, 04/25/2029<br>| 744000 | 762647 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/09/2035, <br>5.46% <sup>(C)</sup>, 05/09/2036<br>| 123000 | 128233 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/25/2034, <br>5.52% <sup>(C)</sup>, 10/25/2035<br>| 250000 | 256075 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/15/2028, <br>5.82% <sup>(C)</sup>, 09/15/2029<br>| 1339000 | 1400186 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/26/2030 <sup>(E)</sup>, <br>6.25% <sup>(C)</sup> <br>| 410000 | 415238 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/01/2030 <sup>(E)</sup>, <br>6.63% <sup>(C)</sup> <br>| 197000 | 204976 |
| BAT Capital Corp. |  |  |
| 3.73%, 09/25/2040 | 377000 | 304083 |
| 4.54%, 08/15/2047 | 300000 | 251562 |
| 5.83%, 02/20/2031 | 40000 | 42306 |
| 7.08%, 08/02/2043 | 415000 | 469648 |
| Baxter International, Inc. |  |  |
| 2.27%, 12/01/2028 | 216000 | 202740 |
| 2.54%, 02/01/2032 | 24000 | 21041 |

---

**Transamerica Series Trust**

**Page 8**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Berkshire Hathaway Energy Co. |  |  |
| 4.60%, 05/01/2053 | $54000 | $46417 |
| Berkshire Hathaway Finance Corp. |  |  |
| 3.85%, 03/15/2052 | 56000 | 43931 |
| Berry Global, Inc. |  |  |
| 5.80%, 06/15/2031 | 279000 | 294985 |
| Bimbo Bakeries USA, Inc. |  |  |
| 5.38%, 01/09/2036 <sup>(D)</sup> <br>| 230000 | 233444 |
| 6.05%, 01/15/2029 <sup>(D)</sup> <br>| 219000 | 229138 |
| Biogen, Inc. |  |  |
| 2.25%, 05/01/2030 | 1130000 | 1030957 |
| 5.75%, 05/15/2035 | 295000 | 309145 |
| BMW U.S. Capital LLC |  |  |
| 4.15%, 08/11/2027 <sup>(D)</sup> <br>| 170000 | 170207 |
| Boeing Co. |  |  |
| 3.95%, 08/01/2059 | 250000 | 179614 |
| 5.81%, 05/01/2050 | 327000 | 326694 |
| 7.01%, 05/01/2064 | 136000 | 157441 |
| Bristol-Myers Squibb Co. |  |  |
| 2.35%, 11/13/2040 | 51000 | 35792 |
| 3.70%, 03/15/2052 | 299000 | 223143 |
| 3.90%, 03/15/2062 | 167000 | 122425 |
| 5.20%, 02/22/2034 | 72000 | 74661 |
| 5.55%, 02/22/2054 | 690000 | 687696 |
| 5.65%, 02/22/2064 | 268000 | 265782 |
| 6.25%, 11/15/2053 | 267000 | 291558 |
| Brixmor Operating Partnership LP |  |  |
| 4.85%, 02/15/2033 | 210000 | 209539 |
| Broadcom, Inc. |  |  |
| 3.14%, 11/15/2035 <sup>(D)</sup> <br>| 563000 | 487088 |
| 3.42%, 04/15/2033 <sup>(D)</sup> <br>| 600000 | 555285 |
| 3.47%, 04/15/2034 <sup>(D)</sup> <br>| 477000 | 435311 |
| 3.75%, 02/15/2051 <sup>(D)</sup> <br>| 106000 | 82956 |
| 4.55%, 02/15/2032 | 83000 | 83577 |
| 4.90%, 07/15/2032 | 280000 | 286437 |
| 5.20%, 07/15/2035 | 103000 | 106152 |
| Burlington Northern Santa Fe LLC |  |  |
| 3.90%, 08/01/2046 | 222000 | 180411 |
| 4.15%, 04/01/2045 | 46000 | 39251 |
| 4.38%, 09/01/2042 | 46000 | 41221 |
| Calpine Corp. |  |  |
| 4.63%, 02/01/2029 <sup>(D)</sup> <br>| 365000 | 361413 |
| 5.00%, 02/01/2031 <sup>(D)</sup> <br>| 105000 | 104693 |
| Cardinal Health, Inc. |  |  |
| 5.15%, 09/15/2035 | 200000 | 201191 |
| 5.75%, 11/15/2054 | 95000 | 95279 |
| Cencora, Inc. |  |  |
| 2.70%, 03/15/2031 | 760000 | 696951 |
| 2.80%, 05/15/2030 | 75000 | 70240 |
| 4.85%, 12/15/2029 | 55000 | 56119 |
| CF Industries, Inc. |  |  |
| 4.95%, 06/01/2043 | 54000 | 49672 |
| &nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter Communications <br>Operating Capital |  |  |
| 2.25%, 01/15/2029 | 74000 | 68823 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| &nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter Communications <br> Operating Capital (continued)<br>|  |  |
| 3.50%, 06/01/2041 - 03/01/2042 | $564000 | $410121 |
| 3.70%, 04/01/2051 | 773000 | 509955 |
| 4.80%, 03/01/2050 | 116000 | 91876 |
| 5.85%, 12/01/2035 | 30000 | 30287 |
| 6.38%, 10/23/2035 | 43000 | 45048 |
| 6.48%, 10/23/2045 | 226000 | 223267 |
| 6.55%, 06/01/2034 | 280000 | 298401 |
| Cheniere Corpus Christi Holdings LLC |  |  |
| 3.70%, 11/15/2029 | 219000 | 212834 |
| 5.13%, 06/30/2027 | 192000 | 194095 |
| Cheniere Energy Partners LP |  |  |
| 3.25%, 01/31/2032 | 404000 | 368049 |
| 4.50%, 10/01/2029 | 240000 | 239231 |
| 5.75%, 08/15/2034 | 316000 | 328510 |
| Cheniere Energy, Inc. |  |  |
| 4.63%, 10/15/2028 | 315000 | 314015 |
| Cigna Group |  |  |
| 4.50%, 09/15/2030 | 220000 | 220648 |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/05/2029, <br>2.98% <sup>(C)</sup>, 11/05/2030<br>| 549000 | 519706 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/27/2027, <br>3.52% <sup>(C)</sup>, 10/27/2028<br>| 447000 | 441044 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/24/2027, <br>3.67% <sup>(C)</sup>, 07/24/2028<br>| 727000 | 720586 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/23/2028, <br>4.08% <sup>(C)</sup>, 04/23/2029<br>| 257000 | 256378 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/11/2030, <br>4.50% <sup>(C)</sup>, 09/11/2031<br>| 274000 | 274148 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/19/2029, <br>4.54% <sup>(C)</sup>, 09/19/2030<br>| 322000 | 323498 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/07/2030, <br>4.95% <sup>(C)</sup>, 05/07/2031<br>| 1000000 | 1019001 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/11/2035, <br>5.17% <sup>(C)</sup>, 09/11/2036<br>| 257000 | 259608 |
| &nbsp;&nbsp;&nbsp; Fixed until 03/27/2035, <br>5.33% <sup>(C)</sup>, 03/27/2036<br>| 830000 | 848427 |
| &nbsp;&nbsp;&nbsp; Fixed until 02/13/2034, <br>5.83% <sup>(C)</sup>, 02/13/2035<br>| 239000 | 247879 |
| &nbsp;&nbsp;&nbsp; Fixed until 02/15/2030 <sup>(E)</sup>, <br>6.75% <sup>(C)</sup> <br>| 510000 | 517786 |
| &nbsp;&nbsp;&nbsp; Fixed until 08/15/2030 <sup>(E)</sup>, <br>6.88% <sup>(C)</sup> <br>| 315000 | 324625 |
| &nbsp;&nbsp;&nbsp; Fixed until 02/15/2030 <sup>(E)</sup>, <br>6.95% <sup>(C)</sup> <br>| 315000 | 323507 |
| &nbsp;&nbsp;&nbsp; Fixed until 08/15/2029 <sup>(E)</sup>, <br>7.13% <sup>(C)</sup> <br>| 594000 | 613675 |
| CMS Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/01/2035, <br>6.50% <sup>(C)</sup>, 06/01/2055<br>| 215000 | 222600 |
| Columbia Pipelines Holding Co. LLC |  |  |
| 5.10%, 10/01/2031 <sup>(D)</sup> <br>| 35000 | 35540 |
| Columbia Pipelines Operating Co. LLC |  |  |
| 5.93%, 08/15/2030 <sup>(D)</sup> <br>| 129000 | 136476 |
| 5.96%, 02/15/2055 <sup>(D)</sup> <br>| 55000 | 54544 |
| 6.04%, 11/15/2033 <sup>(D)</sup> <br>| 422000 | 450289 |

---

**Transamerica Series Trust**

**Page 9**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Comcast Corp. |  |  |
| 2.80%, 01/15/2051 | $236000 | $144076 |
| 2.89%, 11/01/2051 | 1134000 | 698511 |
| 2.94%, 11/01/2056 | 1205000 | 715059 |
| 3.75%, 04/01/2040 | 178000 | 149682 |
| Commonwealth Edison Co. |  |  |
| 4.70%, 01/15/2044 | 158000 | 144523 |
| ConocoPhillips Co. |  |  |
| 5.70%, 09/15/2063 | 213000 | 211197 |
| Constellation Brands, Inc. |  |  |
| 2.88%, 05/01/2030 | 240000 | 224556 |
| 4.90%, 05/01/2033 <sup>(B)</sup> <br>| 176000 | 177645 |
| Constellation Energy Generation LLC |  |  |
| 5.60%, 06/15/2042 | 25000 | 25337 |
| Consumers Energy Co. |  |  |
| 3.95%, 05/15/2043 | 224000 | 186253 |
| COPT Defense Properties LP |  |  |
| 2.75%, 04/15/2031 | 316000 | 286070 |
| 4.50%, 10/15/2030 <sup>(F)</sup> <br>| 70000 | 69538 |
| Corebridge Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/15/2034, <br>6.38% <sup>(C)</sup>, 09/15/2054<br>| 69000 | 70822 |
| Corebridge Global Funding |  |  |
| 4.90%, 08/21/2032 <sup>(D)</sup> <br>| 205000 | 205913 |
| Coterra Energy, Inc. |  |  |
| 5.90%, 02/15/2055 | 440000 | 424671 |
| Crown Castle, Inc. |  |  |
| 5.00%, 01/11/2028 | 170000 | 172389 |
| 5.60%, 06/01/2029 | 404000 | 419790 |
| CVS Health Corp. |  |  |
| 4.13%, 04/01/2040 | 145000 | 123171 |
| 5.88%, 06/01/2053 | 370000 | 363562 |
| CVS Pass-Through Trust |  |  |
| 6.20%, 10/10/2025 <sup>(D)</sup> <br>| 1004 | 1004 |
| Diamondback Energy, Inc. |  |  |
| 5.75%, 04/18/2054 | 115000 | 110698 |
| Dominion Energy, Inc. |  |  |
| 3.30%, 04/15/2041 | 305000 | 232380 |
| 4.90%, 08/01/2041 | 299000 | 276777 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/15/2030, <br>6.00% <sup>(C)</sup>, 02/15/2056<br>| 326000 | 328332 |
| Dow Chemical Co. |  |  |
| 4.38%, 11/15/2042 | 84000 | 68465 |
| DT Midstream, Inc. |  |  |
| 4.13%, 06/15/2029 <sup>(D)</sup> <br>| 191000 | 186352 |
| 4.38%, 06/15/2031 <sup>(D)</sup> <br>| 404000 | 390439 |
| DTE Energy Co. |  |  |
| 5.05%, 10/01/2035 | 322000 | 319865 |
| 5.20%, 04/01/2030 | 650000 | 669763 |
| Duke Energy Carolinas LLC |  |  |
| 4.00%, 09/30/2042 | 159000 | 134962 |
| Duke Energy Corp. |  |  |
| 5.70%, 09/15/2055 | 168000 | 167389 |
| Duke Energy Indiana LLC |  |  |
| 2.75%, 04/01/2050 | 181000 | 114968 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Duke Energy Indiana LLC (continued) |  |  |
| 5.25%, 03/01/2034 | $220000 | $226986 |
| 5.40%, 04/01/2053 | 227000 | 222127 |
| Duke Energy Ohio, Inc. |  |  |
| 5.30%, 06/15/2035 | 510000 | 525917 |
| 5.55%, 03/15/2054 | 172000 | 171817 |
| Duke Energy Progress LLC |  |  |
| 2.90%, 08/15/2051 | 230000 | 147319 |
| 5.55%, 03/15/2055 | 13000 | 13052 |
| DuPont de Nemours, Inc. |  |  |
| 5.32%, 11/15/2038 | 397000 | 406733 |
| 5.42%, 11/15/2048 | 110000 | 108751 |
| Duquesne Light Holdings, Inc. |  |  |
| 3.62%, 08/01/2027 <sup>(D)</sup> <br>| 336000 | 329118 |
| Eaton Corp. |  |  |
| 4.15%, 11/02/2042 | 315000 | 278372 |
| Edison International |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 12/15/2026 <sup>(E)</sup>, <br>5.00% <sup>(C)</sup> <br>| 572000 | 541963 |
| 5.25%, 03/15/2032 <sup>(B)</sup> <br>| 134000 | 132729 |
| EIDP, Inc. |  |  |
| 5.13%, 05/15/2032 | 200000 | 205723 |
| Electronic Arts, Inc. |  |  |
| 2.95%, 02/15/2051 | 131000 | 113608 |
| Elevance Health, Inc. |  |  |
| 2.88%, 09/15/2029 | 160000 | 151944 |
| 4.63%, 05/15/2042 | 123000 | 110895 |
| 4.65%, 01/15/2043 | 86000 | 77160 |
| 6.10%, 10/15/2052 | 133000 | 138329 |
| Eli Lilly & Co. |  |  |
| 5.65%, 10/15/2065 | 100000 | 103254 |
| Emera U.S. Finance LP |  |  |
| 2.64%, 06/15/2031 | 271000 | 241913 |
| 4.75%, 06/15/2046 | 293000 | 252819 |
| Energy Transfer LP |  |  |
| 5.60%, 09/01/2034 | 199000 | 204236 |
| 5.70%, 04/01/2035 | 187000 | 193092 |
| 6.00%, 02/01/2029 <sup>(D)</sup> <br>| 1149000 | 1165344 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/15/2030, <br>6.50% <sup>(C)</sup>, 02/15/2056<br>| 600000 | 597188 |
| 6.55%, 12/01/2033 | 76000 | 83128 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/15/2030 <sup>(E)</sup>, <br>7.13% <sup>(C)</sup> <br>| 141000 | 145695 |
| 7.38%, 02/01/2031 <sup>(D)</sup> <br>| 189000 | 197407 |
| Entergy Arkansas LLC |  |  |
| 4.95%, 12/15/2044 | 51000 | 46708 |
| 5.75%, 06/01/2054 | 66000 | 67569 |
| Entergy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/01/2029, <br>7.13% <sup>(C)</sup>, 12/01/2054 <sup>(B)</sup> <br>| 558000 | 583054 |
| Entergy Louisiana LLC |  |  |
| 2.90%, 03/15/2051 | 333000 | 213672 |
| 5.70%, 03/15/2054 | 132000 | 133204 |
| 5.80%, 03/15/2055 | 220000 | 225249 |
| Entergy Mississippi LLC |  |  |
| 3.50%, 06/01/2051 | 38000 | 27051 |
| 5.80%, 04/15/2055 | 343000 | 351384 |

---

**Transamerica Series Trust**

**Page 10**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Entergy Texas, Inc. |  |  |
| 3.45%, 12/01/2027 | $29000 | $28454 |
| 5.15%, 06/01/2045 | 15000 | 14255 |
| 5.55%, 09/15/2054 | 62000 | 60905 |
| Enterprise Products Operating LLC |  |  |
| 6.65%, 10/15/2034 | 231000 | 262382 |
| EQT Corp. |  |  |
| 4.50%, 01/15/2029 | 170000 | 170024 |
| 4.75%, 01/15/2031 | 523000 | 521934 |
| 6.38%, 04/01/2029 | 468000 | 485310 |
| 7.50%, 06/01/2030 | 151000 | 166572 |
| Equinix Europe 2 Financing Corp. LLC |  |  |
| 5.50%, 06/15/2034 | 165000 | 171277 |
| Equitable America Global Funding |  |  |
| 4.70%, 09/15/2032 <sup>(D)</sup> <br>| 395000 | 392915 |
| Equitable Holdings, Inc. |  |  |
| 4.57%, 02/15/2029 <sup>(D)</sup> <br>| 152000 | 152643 |
| ERP Operating LP |  |  |
| 4.95%, 06/15/2032 | 160000 | 163997 |
| Essex Portfolio LP |  |  |
| 1.70%, 03/01/2028 | 299000 | 282080 |
| EUSHI Finance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/01/2031, <br>6.25% <sup>(C)</sup>, 04/01/2056<br>| 212000 | 210734 |
| Exelon Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 12/15/2034, <br>6.50% <sup>(C)</sup>, 03/15/2055<br>| 200000 | 209040 |
| Expand Energy Corp. |  |  |
| 4.75%, 02/01/2032 | 487000 | 478611 |
| 5.38%, 02/01/2029 - 03/15/2030 | 621000 | 630778 |
| 5.88%, 02/01/2029 <sup>(D)</sup> <br>| 355000 | 356320 |
| 6.75%, 04/15/2029 <sup>(D)</sup> <br>| 466000 | 470863 |
| Extra Space Storage LP |  |  |
| 4.95%, 01/15/2033 | 90000 | 90531 |
| 5.50%, 07/01/2030 | 439000 | 457690 |
| FedEx Corp. |  |  |
| 3.25%, 05/15/2041 <sup>(D)</sup> <br>| 141000 | 105440 |
| Fifth Third Bancorp |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 04/25/2032, <br>4.34% <sup>(C)</sup>, 04/25/2033<br>| 190000 | 185176 |
| FirstEnergy Transmission LLC |  |  |
| 4.55%, 04/01/2049 <sup>(D)</sup> <br>| 388000 | 331209 |
| Ford Motor Co. |  |  |
| 3.25%, 02/12/2032 | 115000 | 100622 |
| Ford Motor Credit Co. LLC |  |  |
| 5.80%, 03/08/2029 | 200000 | 202958 |
| 5.92%, 03/20/2028 | 200000 | 203425 |
| 6.53%, 03/19/2032 <sup>(B)</sup> <br>| 610000 | 634738 |
| 7.20%, 06/10/2030 <sup>(B)</sup> <br>| 574000 | 613651 |
| Foundry JV Holdco LLC |  |  |
| 5.50%, 01/25/2031 <sup>(D)</sup> <br>| 200000 | 207534 |
| 6.25%, 01/25/2035 <sup>(D)</sup> <br>| 285000 | 305069 |
| Freeport-McMoRan, Inc. |  |  |
| 5.45%, 03/15/2043 | 290000 | 279322 |
| GE Capital Funding LLC |  |  |
| 4.55%, 05/15/2032 | 200000 | 202150 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| General Motors Co. |  |  |
| 5.15%, 04/01/2038 | $81000 | $77498 |
| 5.95%, 04/01/2049 | 129000 | 125766 |
| General Motors Financial Co., Inc. |  |  |
| 5.90%, 01/07/2035 | 430000 | 443649 |
| 5.95%, 04/04/2034 | 306000 | 317796 |
| 6.10%, 01/07/2034 | 144000 | 151386 |
| 6.15%, 07/15/2035 | 130000 | 135954 |
| Gilead Sciences, Inc. |  |  |
| 2.60%, 10/01/2040 | 370000 | 271654 |
| 5.25%, 10/15/2033 | 588000 | 616642 |
| Glencore Funding LLC |  |  |
| 5.19%, 04/01/2030 <sup>(D)</sup> <br>| 130000 | 133937 |
| 5.67%, 04/01/2035 <sup>(D)</sup> <br>| 875000 | 909416 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/10/2026, <br>1.54% <sup>(C)</sup>, 09/10/2027<br>| 984000 | 959715 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/31/2037, <br>4.02% <sup>(C)</sup>, 10/31/2038<br>| 277000 | 248286 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/23/2029, <br>4.69% <sup>(C)</sup>, 10/23/2030<br>| 216000 | 218753 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/23/2030, <br>5.22% <sup>(C)</sup>, 04/23/2031<br>| 1225000 | 1266779 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/23/2034, <br>5.33% <sup>(C)</sup>, 07/23/2035<br>| 931000 | 958412 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/28/2035, <br>5.54% <sup>(C)</sup>, 01/28/2036<br>| 169000 | 176410 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/24/2028, <br>6.48% <sup>(C)</sup>, 10/24/2029<br>| 1579000 | 1680339 |
| Guardian Life Global Funding |  |  |
| 4.67%, 09/05/2032 <sup>(D)</sup> <br>| 430000 | 431812 |
| HCA, Inc. |  |  |
| 4.63%, 03/15/2052 | 124000 | 102393 |
| 5.20%, 06/01/2028 | 363000 | 371764 |
| 5.25%, 06/15/2049 | 167000 | 152970 |
| 5.50%, 03/01/2032 - 06/15/2047 | 520000 | 536480 |
| 5.63%, 09/01/2028 | 220000 | 227003 |
| 5.95%, 09/15/2054 | 166000 | 165636 |
| 6.20%, 03/01/2055 | 70000 | 72260 |
| Healthpeak OP LLC |  |  |
| 5.38%, 02/15/2035 | 130000 | 132823 |
| Hess Corp. |  |  |
| 5.60%, 02/15/2041 | 359000 | 372552 |
| 6.00%, 01/15/2040 | 350000 | 380448 |
| Hess Midstream Operations LP |  |  |
| 5.50%, 10/15/2030 <sup>(D)</sup> <br>| 607000 | 611389 |
| 6.50%, 06/01/2029 <sup>(D)</sup> <br>| 249000 | 256802 |
| Home Depot, Inc. |  |  |
| 2.38%, 03/15/2051 | 458000 | 267519 |
| 3.30%, 04/15/2040 | 118000 | 96691 |
| Huntington Bancshares, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/02/2034, <br>5.71% <sup>(C)</sup>, 02/02/2035<br>| 264000 | 275161 |
| &nbsp;&nbsp;&nbsp; Fixed until 08/21/2028, <br>6.21% <sup>(C)</sup>, 08/21/2029<br>| 262000 | 275739 |

---

**Transamerica Series Trust**

**Page 11**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Intel Corp. |  |  |
| 3.73%, 12/08/2047 | $65000 | $48010 |
| 4.25%, 12/15/2042 | 130000 | 107936 |
| ITC Holdings Corp. |  |  |
| 2.95%, 05/14/2030 <sup>(D)</sup> <br>| 1117000 | 1046836 |
| 5.40%, 06/01/2033 <sup>(D)</sup> <br>| 175000 | 181157 |
| 5.65%, 05/09/2034 <sup>(D)</sup> <br>| 412000 | 428970 |
| &nbsp;&nbsp; JBS USA Holding LUX SARL/JBS USA <br> Foods Group Holdings, Inc./JBS USA <br>Food Co. |  |  |
| 5.50%, 01/15/2036 <sup>(D)</sup> <br>| 570000 | 582090 |
| 6.38%, 04/15/2066 <sup>(D)</sup> <br>| 190000 | 195328 |
| JetBlue Pass-Through Trust |  |  |
| 2.75%, 11/15/2033 | 113080 | 100159 |
| Kenvue, Inc. |  |  |
| 5.20%, 03/22/2063 | 31000 | 28752 |
| Keurig Dr. Pepper, Inc. |  |  |
| 3.35%, 03/15/2051 | 112000 | 74062 |
| KeyBank NA |  |  |
| 3.90%, 04/13/2029 | 590000 | 577221 |
| KeyCorp |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 06/01/2032, <br>4.79% <sup>(C)</sup>, 06/01/2033<br>| 469000 | 467413 |
| Kinder Morgan Energy Partners LP |  |  |
| 6.38%, 03/01/2041 | 185000 | 197601 |
| Kinder Morgan, Inc. |  |  |
| 5.15%, 06/01/2030 | 140000 | 144421 |
| Kinetik Holdings LP |  |  |
| 5.88%, 06/15/2030 <sup>(D)</sup> <br>| 677000 | 680937 |
| Kraft Heinz Foods Co. |  |  |
| 4.38%, 06/01/2046 | 220000 | 183081 |
| 5.50%, 06/01/2050 | 220000 | 207799 |
| Kroger Co. |  |  |
| 4.45%, 02/01/2047 | 66000 | 56270 |
| 5.65%, 09/15/2064 | 332000 | 323844 |
| Leidos, Inc. |  |  |
| 2.30%, 02/15/2031 | 655000 | 584456 |
| 5.40%, 03/15/2032 | 249000 | 258682 |
| Lockheed Martin Corp. |  |  |
| 5.70%, 11/15/2054 | 220000 | 226977 |
| Lowe's Cos., Inc. |  |  |
| 2.80%, 09/15/2041 | 670000 | 485129 |
| 5.63%, 04/15/2053 <sup>(B)</sup> <br>| 195000 | 193918 |
| M&T Bank Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/16/2028, <br>4.83% <sup>(C)</sup>, 01/16/2029<br>| 41000 | 41508 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/08/2030, <br>5.18% <sup>(C)</sup>, 07/08/2031<br>| 194000 | 198677 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/16/2035, <br>5.39% <sup>(C)</sup>, 01/16/2036<br>| 193000 | 195663 |
| &nbsp;&nbsp;&nbsp; Fixed until 03/13/2031, <br>6.08% <sup>(C)</sup>, 03/13/2032<br>| 420000 | 446305 |
| Marathon Petroleum Corp. |  |  |
| 4.75%, 09/15/2044 | 74000 | 63692 |
| Marriott International, Inc. |  |  |
| 5.50%, 04/15/2037 | 225000 | 229936 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Mars, Inc. |  |  |
| 4.60%, 03/01/2028 <sup>(D)</sup> <br>| $525000 | $531420 |
| 5.00%, 03/01/2032 <sup>(D)</sup> <br>| 180000 | 184152 |
| 5.20%, 03/01/2035 <sup>(D)</sup> <br>| 260000 | 265755 |
| 5.65%, 05/01/2045 <sup>(D)</sup> <br>| 174000 | 176510 |
| 5.80%, 05/01/2065 <sup>(D)</sup> <br>| 167000 | 170285 |
| Marvell Technology, Inc. |  |  |
| 2.95%, 04/15/2031 | 348000 | 321394 |
| 4.75%, 07/15/2030 | 35000 | 35456 |
| 5.45%, 07/15/2035 | 300000 | 309280 |
| 5.75%, 02/15/2029 | 494000 | 515360 |
| 5.95%, 09/15/2033 | 506000 | 542893 |
| Massachusetts Electric Co. |  |  |
| 1.73%, 11/24/2030 <sup>(D)</sup> <br>| 334000 | 290382 |
| McDonald's Corp. |  |  |
| 3.70%, 02/15/2042 | 271000 | 222106 |
| 4.40%, 02/12/2031 | 250000 | 250681 |
| MDC Holdings, Inc. |  |  |
| 6.00%, 01/15/2043 | 238000 | 226503 |
| Merck & Co., Inc. |  |  |
| 5.15%, 05/17/2063 | 86000 | 80984 |
| Met Tower Global Funding |  |  |
| 5.25%, 04/12/2029 <sup>(D)</sup> <br>| 430000 | 444629 |
| Meta Platforms, Inc. |  |  |
| 4.45%, 08/15/2052 | 359000 | 308264 |
| 5.40%, 08/15/2054 | 660000 | 652068 |
| 5.55%, 08/15/2064 | 116000 | 115148 |
| 5.60%, 05/15/2053 | 166000 | 168382 |
| Metropolitan Life Global Funding I |  |  |
| 2.95%, 04/09/2030 <sup>(D)</sup> <br>| 230000 | 217496 |
| 5.15%, 03/28/2033 <sup>(D)</sup> <br>| 545000 | 564572 |
| Micron Technology, Inc. |  |  |
| 5.88%, 02/09/2033 | 270000 | 286771 |
| 6.05%, 11/01/2035 | 249000 | 266041 |
| Microsoft Corp. |  |  |
| 2.50%, 09/15/2050 | 387000 | 242578 |
| 2.53%, 06/01/2050 | 115000 | 72803 |
| Mid-Atlantic Interstate Transmission LLC |  |  |
| 4.10%, 05/15/2028 <sup>(D)</sup> <br>| 28000 | 27969 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/20/2026, <br>1.51% <sup>(C)</sup>, 07/20/2027<br>| 579000 | 566595 |
| &nbsp;&nbsp;&nbsp; Fixed until 02/13/2031, <br>1.79% <sup>(C)</sup>, 02/13/2032<br>| 417000 | 363698 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/28/2031, <br>1.93% <sup>(C)</sup>, 04/28/2032<br>| 210000 | 183273 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/16/2031, <br>2.48% <sup>(C)</sup>, 09/16/2036<br>| 797000 | 692295 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/24/2028, <br>3.77% <sup>(C)</sup>, 01/24/2029<br>| 214000 | 212145 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/18/2029, <br>4.65% <sup>(C)</sup>, 10/18/2030<br>| 615000 | 621722 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/19/2029, <br>5.04% <sup>(C)</sup>, 07/19/2030<br>| 307000 | 314632 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/16/2029, <br>5.17% <sup>(C)</sup>, 01/16/2030<br>| 325000 | 334027 |

---

**Transamerica Series Trust**

**Page 12**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Morgan Stanley (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/15/2030, <br>5.23% <sup>(C)</sup>, 01/15/2031<br>| $480000 | $495432 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/20/2028, <br>5.45% <sup>(C)</sup>, 07/20/2029<br>| 76000 | 78532 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/19/2054, <br>5.52% <sup>(C)</sup>, 11/19/2055<br>| 295000 | 298195 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/18/2029, <br>5.66% <sup>(C)</sup>, 04/18/2030<br>| 461000 | 481383 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/17/2035, <br>5.66% <sup>(C)</sup>, 04/17/2036<br>| 693000 | 731157 |
| Morgan Stanley Bank NA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/26/2027, <br>5.50% <sup>(C)</sup>, 05/26/2028<br>| 815000 | 832962 |
| Morgan Stanley Private Bank NA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/18/2030, <br>4.73% <sup>(C)</sup>, 07/18/2031<br>| 455000 | 461795 |
| MPLX LP |  |  |
| 5.40%, 09/15/2035 | 600000 | 601303 |
| 5.95%, 04/01/2055 | 236000 | 230711 |
| Netflix, Inc. |  |  |
| 5.38%, 11/15/2029 <sup>(D)</sup> <br>| 128000 | 133941 |
| Nevada Power Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/15/2030, <br>6.25% <sup>(C)</sup>, 05/15/2055<br>| 725000 | 735222 |
| New York & Presbyterian Hospital |  |  |
| 2.26%, 08/01/2040 | 234000 | 163699 |
| New York Life Global Funding |  |  |
| 1.20%, 08/07/2030 <sup>(D)</sup> <br>| 242000 | 209711 |
| 1.85%, 08/01/2031 <sup>(D)</sup> <br>| 230000 | 200813 |
| New York Life Insurance Co. |  |  |
| 3.75%, 05/15/2050 <sup>(D)</sup> <br>| 72000 | 54364 |
| 4.45%, 05/15/2069 <sup>(D)</sup> <br>| 86000 | 68327 |
| NextEra Energy Capital Holdings, Inc. |  |  |
| 5.90%, 03/15/2055 | 80000 | 82447 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/15/2030, <br>6.38% <sup>(C)</sup>, 08/15/2055<br>| 304000 | 315662 |
| &nbsp;&nbsp;&nbsp; Fixed until 03/15/2034, <br>6.75% <sup>(C)</sup>, 06/15/2054<br>| 216000 | 232142 |
| NGPL PipeCo LLC |  |  |
| 4.88%, 08/15/2027 <sup>(D)</sup> <br>| 394000 | 394959 |
| NiSource, Inc. |  |  |
| 5.80%, 02/01/2042 | 36000 | 36656 |
| &nbsp;&nbsp;&nbsp; Fixed until 08/30/2029, <br>6.95% <sup>(C)</sup>, 11/30/2054<br>| 216000 | 224777 |
| NNN REIT, Inc. |  |  |
| 3.00%, 04/15/2052 | 80000 | 50780 |
| 3.10%, 04/15/2050 | 250000 | 163826 |
| 3.50%, 04/15/2051 | 170000 | 120335 |
| Norfolk Southern Corp. |  |  |
| 3.05%, 05/15/2050 | 218000 | 147767 |
| 3.95%, 10/01/2042 | 76000 | 64019 |
| 4.45%, 06/15/2045 | 165000 | 144196 |
| Northern Natural Gas Co. |  |  |
| 3.40%, 10/16/2051 <sup>(D)</sup> <br>| 119000 | 81476 |
| 4.30%, 01/15/2049 <sup>(D)</sup> <br>| 58000 | 47401 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Northwestern Mutual Life Insurance Co. |  |  |
| 3.85%, 09/30/2047 <sup>(D)</sup> <br>| $224000 | $173914 |
| 6.06%, 03/30/2040 <sup>(D)</sup> <br>| 284000 | 300889 |
| NRG Energy, Inc. |  |  |
| 4.45%, 06/15/2029 <sup>(D)</sup> <br>| 439000 | 435308 |
| 4.73%, 10/15/2030 <sup>(D)</sup><sup>(F)</sup> <br>| 230000 | 229927 |
| 5.41%, 10/15/2035 <sup>(D)</sup><sup>(F)</sup> <br>| 175000 | 175595 |
| 7.00%, 03/15/2033 <sup>(D)</sup> <br>| 243000 | 268685 |
| Occidental Petroleum Corp. |  |  |
| 4.63%, 06/15/2045 | 164000 | 129361 |
| Ohio Power Co. |  |  |
| 2.90%, 10/01/2051 | 218000 | 135647 |
| OhioHealth Corp. |  |  |
| 2.30%, 11/15/2031 | 333000 | 296966 |
| ONEOK, Inc. |  |  |
| 5.05%, 04/01/2045 | 80000 | 71096 |
| 5.38%, 06/01/2029 | 96000 | 98872 |
| 5.40%, 10/15/2035 | 235000 | 235884 |
| 5.60%, 04/01/2044 | 338000 | 320465 |
| 5.63%, 01/15/2028 <sup>(D)</sup> <br>| 212000 | 216604 |
| 6.50%, 09/01/2030 <sup>(D)</sup> <br>| 32000 | 34386 |
| Oracle Corp. |  |  |
| 3.60%, 04/01/2040 - 04/01/2050 | 515000 | 381780 |
| 3.65%, 03/25/2041 | 485000 | 388433 |
| 3.85%, 07/15/2036 | 78000 | 69456 |
| 3.95%, 03/25/2051 | 187000 | 139036 |
| 4.38%, 05/15/2055 | 180000 | 141326 |
| 4.80%, 09/26/2032 | 355000 | 355427 |
| 5.20%, 09/26/2035 | 194000 | 195068 |
| 5.38%, 09/27/2054 | 150000 | 137793 |
| 5.88%, 09/26/2045 | 173000 | 173470 |
| 5.95%, 09/26/2055 | 135000 | 134585 |
| 6.00%, 08/03/2055 | 665000 | 667598 |
| Ovintiv, Inc. |  |  |
| 6.25%, 07/15/2033 | 162000 | 170880 |
| 6.50%, 02/01/2038 | 51000 | 53596 |
| Pacific Gas & Electric Co. |  |  |
| 3.25%, 06/01/2031 | 415000 | 381611 |
| 4.40%, 03/01/2032 | 121000 | 117831 |
| 4.45%, 04/15/2042 | 326000 | 272638 |
| 4.50%, 07/01/2040 | 226371 | 196892 |
| 4.55%, 07/01/2030 | 206830 | 205393 |
| 4.60%, 06/15/2043 | 333000 | 280308 |
| 5.55%, 05/15/2029 | 321000 | 330418 |
| 6.00%, 08/15/2035 | 229000 | 239666 |
| 6.10%, 01/15/2029 | 136000 | 142271 |
| 6.15%, 01/15/2033 | 83000 | 87847 |
| PacifiCorp |  |  |
| 2.90%, 06/15/2052 | 78000 | 47566 |
| PECO Energy Co. |  |  |
| 2.80%, 06/15/2050 | 266000 | 171263 |
| PG&E Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 12/15/2029, <br>7.38% <sup>(C)</sup>, 03/15/2055<br>| 318000 | 326697 |
| Philip Morris International, Inc. |  |  |
| 3.88%, 08/21/2042 | 253000 | 210038 |

---

**Transamerica Series Trust**

**Page 13**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Philip Morris International, Inc. (continued) |  |  |
| 4.75%, 11/01/2031 | $885000 | $900170 |
| 5.13%, 02/13/2031 | 355000 | 367388 |
| Piedmont Healthcare, Inc. |  |  |
| 2.04%, 01/01/2032 | 444000 | 381005 |
| Piedmont Natural Gas Co., Inc. |  |  |
| 3.35%, 06/01/2050 | 202000 | 139556 |
| Pioneer Natural Resources Co. |  |  |
| 2.15%, 01/15/2031 | 768000 | 690511 |
| Plains All American Pipeline LP/PAA <br> Finance Corp. |  |  |
| 5.60%, 01/15/2036 | 160000 | 162011 |
| PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/15/2026 <sup>(E)</sup>, <br>3.40% <sup>(C)</sup> <br>| 11000 | 10661 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/21/2031, <br>4.81% <sup>(C)</sup>, 10/21/2032<br>| 324000 | 328457 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/21/2035, <br>5.37% <sup>(C)</sup>, 07/21/2036<br>| 125000 | 128634 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/22/2034, <br>5.68% <sup>(C)</sup>, 01/22/2035<br>| 216000 | 227780 |
| &nbsp;&nbsp;&nbsp; Fixed until 03/15/2030 <sup>(E)</sup>, <br>6.25% <sup>(C)</sup> <br>| 218000 | 223690 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/20/2033, <br>6.88% <sup>(C)</sup>, 10/20/2034<br>| 189000 | 214128 |
| Prologis LP |  |  |
| 5.25%, 05/15/2035 | 85000 | 87554 |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 12/15/2033, <br>6.50% <sup>(C)</sup>, 03/15/2054<br>| 184000 | 196899 |
| Public Service Co. of Colorado |  |  |
| 2.70%, 01/15/2051 | 132000 | 81307 |
| 4.30%, 03/15/2044 | 185000 | 156206 |
| 4.50%, 06/01/2052 | 125000 | 105214 |
| Public Service Co. of Oklahoma |  |  |
| 5.45%, 01/15/2036 | 725000 | 740565 |
| Puget Energy, Inc. |  |  |
| 5.73%, 03/15/2035 | 291000 | 300289 |
| Puget Sound Energy, Inc. |  |  |
| 5.64%, 04/15/2041 | 199000 | 200749 |
| Quanta Services, Inc. |  |  |
| 2.90%, 10/01/2030 | 103000 | 96155 |
| 4.50%, 01/15/2031 | 435000 | 434738 |
| 5.10%, 08/09/2035 | 260000 | 260668 |
| 5.25%, 08/09/2034 | 526000 | 539256 |
| Quest Diagnostics, Inc. |  |  |
| 4.60%, 12/15/2027 | 75000 | 75933 |
| 5.00%, 12/15/2034 | 428000 | 433212 |
| Realty Income Corp. |  |  |
| 2.85%, 12/15/2032 | 98000 | 87451 |
| 5.13%, 04/15/2035 | 90000 | 91519 |
| Regal Rexnord Corp. |  |  |
| 6.05%, 04/15/2028 | 361000 | 373430 |
| 6.40%, 04/15/2033 | 147000 | 157811 |
| Regency Centers LP |  |  |
| 2.95%, 09/15/2029 | 194000 | 185232 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Roper Technologies, Inc. |  |  |
| 4.45%, 09/15/2030 | $100000 | $100407 |
| 4.50%, 10/15/2029 | 166000 | 167581 |
| 4.75%, 02/15/2032 | 91000 | 92017 |
| RTX Corp. |  |  |
| 2.38%, 03/15/2032 | 494000 | 436469 |
| 3.13%, 07/01/2050 | 114000 | 77523 |
| S&P Global, Inc. |  |  |
| 2.30%, 08/15/2060 | 184000 | 96003 |
| Sabine Pass Liquefaction LLC |  |  |
| 4.20%, 03/15/2028 | 329000 | 328647 |
| 4.50%, 05/15/2030 | 295000 | 296029 |
| Salesforce, Inc. |  |  |
| 2.70%, 07/15/2041 | 250000 | 183864 |
| San Diego Gas & Electric Co. |  |  |
| 2.95%, 08/15/2051 | 222000 | 144750 |
| 3.32%, 04/15/2050 | 65000 | 45572 |
| 4.30%, 04/01/2042 | 37000 | 31791 |
| 5.35%, 04/01/2053 | 299000 | 287401 |
| 5.40%, 04/15/2035 | 410000 | 423414 |
| Sempra |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/01/2031, <br>6.38% <sup>(C)</sup>, 04/01/2056<br>| 110000 | 112887 |
| Sierra Pacific Power Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/16/2030, <br>6.20% <sup>(C)</sup>, 12/15/2055<br>| 155000 | 155138 |
| Simon Property Group LP |  |  |
| 5.13%, 10/01/2035 | 403000 | 407695 |
| Solventum Corp. |  |  |
| 5.45%, 03/13/2031 | 470000 | 490117 |
| Sonoco Products Co. |  |  |
| 4.60%, 09/01/2029 | 241000 | 242430 |
| 5.00%, 09/01/2034 <sup>(B)</sup> <br>| 239000 | 236396 |
| South Bow USA Infrastructure <br> Holdings LLC |  |  |
| 4.91%, 09/01/2027 | 141000 | 142207 |
| 5.03%, 10/01/2029 | 403000 | 407626 |
| Southern California Edison Co. |  |  |
| 2.95%, 02/01/2051 | 196000 | 119878 |
| 3.60%, 02/01/2045 | 168000 | 122256 |
| 3.65%, 03/01/2028 | 185000 | 181798 |
| 5.20%, 06/01/2034 | 444000 | 441344 |
| 5.25%, 03/15/2030 | 189000 | 192718 |
| 5.70%, 03/01/2053 | 69000 | 64793 |
| 5.90%, 03/01/2055 | 27000 | 26202 |
| Southern Co. Gas Capital Corp. |  |  |
| 1.75%, 01/15/2031 | 121000 | 105794 |
| 3.15%, 09/30/2051 | 282000 | 184021 |
| 5.75%, 09/15/2033 | 135000 | 143073 |
| Southern Power Co. |  |  |
| 4.25%, 10/01/2030 | 137000 | 136174 |
| 4.90%, 10/01/2035 | 272000 | 268247 |
| 5.15%, 09/15/2041 | 329000 | 315812 |
| 5.25%, 07/15/2043 | 314000 | 301552 |
| Southwestern Electric Power Co. |  |  |
| 3.90%, 04/01/2045 | 71000 | 55076 |

---

**Transamerica Series Trust**

**Page 14**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Sprint Capital Corp. |  |  |
| 6.88%, 11/15/2028 | $327000 | $351737 |
| State Street Corp. |  |  |
| 4.83%, 04/24/2030 | 175000 | 179657 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/15/2029 <sup>(E)</sup>, <br>6.70% <sup>(C)</sup> <br>| 432000 | 451063 |
| &nbsp;&nbsp;&nbsp; Fixed until 03/15/2029 <sup>(E)</sup>, <br>6.70% <sup>(B)</sup><sup>(C)</sup> <br>| 130000 | 135211 |
| Stellantis Finance U.S., Inc. |  |  |
| 5.75%, 03/18/2030 <sup>(B)</sup><sup>(D)</sup> <br>| 230000 | 233946 |
| 6.45%, 03/18/2035 <sup>(D)</sup> <br>| 875000 | 896934 |
| Synopsys, Inc. |  |  |
| 4.85%, 04/01/2030 | 260000 | 264828 |
| 5.00%, 04/01/2032 | 130000 | 132847 |
| 5.70%, 04/01/2055 | 160000 | 161477 |
| Take-Two Interactive Software, Inc. |  |  |
| 4.95%, 03/28/2028 | 54000 | 54974 |
| 5.40%, 06/12/2029 | 80000 | 82828 |
| 5.60%, 06/12/2034 | 262000 | 273593 |
| Teachers Insurance & Annuity Association <br> of America |  |  |
| 6.85%, 12/16/2039 <sup>(D)</sup> <br>| 610000 | 698633 |
| Tennessee Gas Pipeline Co. LLC |  |  |
| 2.90%, 03/01/2030 <sup>(D)</sup> <br>| 66000 | 61816 |
| Time Warner Cable Enterprises LLC |  |  |
| 8.38%, 07/15/2033 | 185000 | 217040 |
| Time Warner Cable LLC |  |  |
| 4.50%, 09/15/2042 | 65000 | 52226 |
| 5.50%, 09/01/2041 | 275000 | 252022 |
| 5.88%, 11/15/2040 | 65000 | 62132 |
| 6.55%, 05/01/2037 | 46000 | 47852 |
| T-Mobile USA, Inc. |  |  |
| 2.63%, 02/15/2029 | 597000 | 566595 |
| 3.30%, 02/15/2051 | 455000 | 310120 |
| 3.88%, 04/15/2030 | 263000 | 257895 |
| 5.13%, 05/15/2032 | 319000 | 328301 |
| 6.70%, 12/15/2033 | 272000 | 304161 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/26/2033, <br>5.12% <sup>(C)</sup>, 01/26/2034<br>| 659000 | 669544 |
| Trustees of Boston University |  |  |
| 3.17%, 10/01/2050 | 282000 | 189651 |
| U.S. Bancorp |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/15/2030, <br>5.08% <sup>(C)</sup>, 05/15/2031<br>| 210000 | 215949 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/23/2034, <br>5.68% <sup>(C)</sup>, 01/23/2035<br>| 178000 | 187415 |
| &nbsp;&nbsp;&nbsp; Fixed until 06/10/2033, <br>5.84% <sup>(C)</sup>, 06/12/2034<br>| 287000 | 305824 |
| Uber Technologies, Inc. |  |  |
| 4.50%, 08/15/2029 <sup>(D)</sup> <br>| 380000 | 378922 |
| 4.80%, 09/15/2034 - 09/15/2035 | 595000 | 592832 |
| 5.35%, 09/15/2054 | 316000 | 306592 |
| UDR, Inc. |  |  |
| 4.40%, 01/26/2029 | 149000 | 149527 |
| 5.13%, 09/01/2034 | 415000 | 420371 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Union Electric Co. |  |  |
| 3.90%, 04/01/2052 | $59000 | $46117 |
| 5.20%, 04/01/2034 | 370000 | 381198 |
| 5.25%, 01/15/2054 | 178000 | 170149 |
| 5.45%, 03/15/2053 | 48000 | 47019 |
| United Airlines Pass-Through Trust |  |  |
| 2.88%, 04/07/2030 | 340498 | 324318 |
| 5.88%, 08/15/2038 | 348553 | 355559 |
| UnitedHealth Group, Inc. |  |  |
| 2.75%, 05/15/2040 | 167000 | 124436 |
| 3.05%, 05/15/2041 | 86000 | 65420 |
| 3.25%, 05/15/2051 | 194000 | 132300 |
| 3.50%, 08/15/2039 | 539000 | 449582 |
| 5.35%, 02/15/2033 | 66000 | 68983 |
| 5.38%, 04/15/2054 | 44000 | 42256 |
| University of Miami |  |  |
| 4.06%, 04/01/2052 | 272000 | 218984 |
| Ventas Realty LP |  |  |
| 3.00%, 01/15/2030 | 595000 | 563266 |
| 4.00%, 03/01/2028 | 56000 | 55743 |
| Venture Global Calcasieu Pass LLC |  |  |
| 3.88%, 08/15/2029 <sup>(D)</sup> <br>| 437000 | 418793 |
| 4.13%, 08/15/2031 <sup>(D)</sup> <br>| 110000 | 103823 |
| 6.25%, 01/15/2030 <sup>(D)</sup> <br>| 340000 | 354467 |
| Veralto Corp. |  |  |
| 5.35%, 09/18/2028 | 314000 | 324051 |
| Verizon Communications, Inc. |  |  |
| 1.75%, 01/20/2031 | 929000 | 812756 |
| 5.40%, 07/02/2037 <sup>(D)</sup> <br>| 804000 | 816832 |
| Virginia Electric & Power Co. |  |  |
| 2.45%, 12/15/2050 | 274000 | 159514 |
| 4.65%, 08/15/2043 | 195000 | 176677 |
| 5.70%, 08/15/2053 | 71000 | 71805 |
| Vistra Operations Co. LLC |  |  |
| 6.00%, 04/15/2034 <sup>(D)</sup> <br>| 305000 | 321564 |
| 6.95%, 10/15/2033 <sup>(D)</sup> <br>| 300000 | 334602 |
| Volkswagen Group of America <br> Finance LLC |  |  |
| 4.45%, 09/11/2027 <sup>(D)</sup> <br>| 200000 | 200486 |
| 5.80%, 03/27/2035 <sup>(D)</sup> <br>| 245000 | 251208 |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 06/02/2027, <br>2.39% <sup>(C)</sup>, 06/02/2028<br>| 403000 | 391758 |
| &nbsp;&nbsp;&nbsp; Fixed until 05/22/2027, <br>3.58% <sup>(C)</sup>, 05/22/2028<br>| 135000 | 133782 |
| &nbsp;&nbsp;&nbsp; Fixed until 03/15/2026 <sup>(E)</sup>, <br>3.90% <sup>(C)</sup> <br>| 221000 | 218854 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/25/2027, <br>4.81% <sup>(C)</sup>, 07/25/2028<br>| 376000 | 380438 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/15/2035, <br>4.89% <sup>(C)</sup>, 09/15/2036<br>| 450000 | 449101 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/25/2032, <br>4.90% <sup>(C)</sup>, 07/25/2033<br>| 440000 | 447009 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/23/2030, <br>5.15% <sup>(C)</sup>, 04/23/2031<br>| 917000 | 945703 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/24/2030, <br>5.24% <sup>(C)</sup>, 01/24/2031<br>| 580000 | 600072 |

---

**Transamerica Series Trust**

**Page 15**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| Wells Fargo & Co. (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 04/24/2033, <br>5.39% <sup>(C)</sup>, 04/24/2034<br>| $496000 | $515374 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/25/2033, <br>5.56% <sup>(C)</sup>, 07/25/2034<br>| 640000 | 672257 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/25/2028, <br>5.57% <sup>(C)</sup>, 07/25/2029<br>| 487000 | 504703 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/23/2035, <br>5.61% <sup>(C)</sup>, 04/23/2036<br>| 1041000 | 1092479 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/22/2027, <br>5.71% <sup>(C)</sup>, 04/22/2028<br>| 514000 | 525943 |
| Western Midstream Operating LP |  |  |
| 5.45%, 04/01/2044 | 280000 | 253855 |
| Williams Cos., Inc. |  |  |
| 4.80%, 11/15/2029 | 413000 | 420374 |
| 5.30%, 08/15/2028 | 662000 | 682548 |
| WP Carey, Inc. |  |  |
| 2.40%, 02/01/2031 | 403000 | 361323 |
| 2.45%, 02/01/2032 | 283000 | 248275 |
| Zimmer Biomet Holdings, Inc. |  |  |
| 5.20%, 09/15/2034 | 581000 | 594849 |
| 5.50%, 02/19/2035 | 347000 | 361434 |
| Zoetis, Inc. |  |  |
| 2.00%, 05/15/2030 | 427000 | 388284 |
| 4.70%, 02/01/2043 | 124000 | 114447 |
| 5.00%, 08/17/2035 | 105000 | 106048 |
|  |  | 163237966 |
| &nbsp;&nbsp; **Total Corporate Debt Securities** <br>**(Cost $200,118,715)**<br>|  | 200853338 |
| **U.S. GOVERNMENT OBLIGATIONS - 20.6%**  | **U.S. GOVERNMENT OBLIGATIONS - 20.6%**  | **U.S. GOVERNMENT OBLIGATIONS - 20.6%**  |
| **U.S. Treasury - 20.6%**  | **U.S. Treasury - 20.6%**  | **U.S. Treasury - 20.6%**  |
| U.S. Treasury Bonds |  |  |
| 1.13%, 05/15/2040 | 300 | 191 |
| 1.88%, 02/15/2051 | 1574000 | 899086 |
| 2.25%, 02/15/2052 | 1670000 | 1035857 |
| 2.38%, 05/15/2051 | 1930000 | 1241684 |
| 2.88%, 05/15/2043 - 05/15/2052 | 1930000 | 1454064 |
| 3.00%, 08/15/2048 - 08/15/2052 | 880000 | 648140 |
| 3.13%, 02/15/2043 | 2500000 | 2040527 |
| 3.63%, 08/15/2043 | 1010000 | 881225 |
| 3.88%, 08/15/2040 - 05/15/2043 | 2935000 | 2690835 |
| 4.00%, 11/15/2052 | 862300 | 763102 |
| 4.13%, 08/15/2044 | 5500000 | 5105117 |
| 4.25%, 02/15/2054 - 08/15/2054 | 11099000 | 10245385 |
| 4.38%, 05/15/2040 | 250000 | 247393 |
| 4.50%, 02/15/2044 - 11/15/2054 | 4350000 | 4232127 |
| 4.63%, 11/15/2044 | 5310000 | 5260634 |
| U.S. Treasury Bonds, Principal Only <br> STRIPS |  |  |
| 11/15/2026 - 08/15/2041 | 26195000 | 19048464 |
| U.S. Treasury Notes |  |  |
| 1.13%, 10/31/2026 <sup>(G)</sup> <br>| 9675000 | 9410827 |
| 1.25%, 04/30/2028 - 06/30/2028 | 3835000 | 3600446 |
| 1.38%, 10/31/2028 | 26415000 | 24683579 |
| 1.63%, 10/31/2026 - 08/15/2029 | 940000 | 917423 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **U.S. GOVERNMENT OBLIGATIONS (continued)** | **U.S. GOVERNMENT OBLIGATIONS (continued)** | **U.S. GOVERNMENT OBLIGATIONS (continued)** |
| **U.S. Treasury (continued)** | **U.S. Treasury (continued)** | **U.S. Treasury (continued)** |
| U.S. Treasury Notes (continued) |  |  |
| 1.75%, 12/31/2026 | $130000 | $126933 |
| 2.00%, 11/15/2026 | 245000 | 240387 |
| 2.25%, 02/15/2027 | 185000 | 181466 |
| 2.50%, 03/31/2027 | 2291000 | 2252339 |
| 2.63%, 05/31/2027 | 23852000 | 23456951 |
| 2.88%, 05/15/2028 | 355000 | 348358 |
| 3.88%, 05/31/2027 <sup>(G)</sup> <br>| 300000 | 301043 |
| 4.13%, 10/31/2026 - 11/30/2029 | 48370000 | 49085235 |
| 4.25%, 01/31/2026 <sup>(G)</sup> <br>| 6562300 | 6566914 |
| 4.25%, 11/30/2026 - 11/15/2034 | 4325000 | 4352963 |
|  |  | 181318695 |
| **U.S. Treasury Inflation-Protected Securities - 0.0% \*** | **U.S. Treasury Inflation-Protected Securities - 0.0% \*** | **U.S. Treasury Inflation-Protected Securities - 0.0% \*** |
| U.S. Treasury Inflation-Protected Indexed <br> Bonds |  |  |
| 2.50%, 01/15/2029 | 75228 | 78601 |
|  |  | 78601 |
| &nbsp;&nbsp; **Total U.S. Government Obligations** <br>**(Cost $186,277,126)**<br>|  | 181397296 |
| **ASSET-BACKED SECURITIES - 1.1%**  | **ASSET-BACKED SECURITIES - 1.1%**  | **ASSET-BACKED SECURITIES - 1.1%**  |
| **United States - 1.1%**  |  |  |
| &nbsp;&nbsp; AMSR Trust <br>Series 2024-SFR2, Class A, <br>4.15%, 11/17/2041 <sup>(D)</sup> <br>| 725000 | 715929 |
| Aqua Finance Issuer Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-B, Class A, <br>4.79%, 05/17/2051 <sup>(D)</sup> <br>| 314330 | 316103 |
| &nbsp;&nbsp;&nbsp; Series 2025-A, Class A, <br>5.25%, 12/19/2050 <sup>(D)</sup> <br>| 348790 | 354988 |
| &nbsp;&nbsp; Bridge Trust <br>Series 2025-SFR1, Class B, <br>4.20%, 09/17/2042 <sup>(D)</sup> <br>| 405000 | 387513 |
| &nbsp;&nbsp; Consumer Portfolio Services Auto Trust <br>Series 2025-B, Class C, <br>5.12%, 07/15/2031 <sup>(D)</sup> <br>| 390000 | 393358 |
| &nbsp;&nbsp; CoreVest American Finance Ltd. <br>Series 2019-3, Class A, <br>2.71%, 10/15/2052 <sup>(D)</sup> <br>| 75944 | 75655 |
| &nbsp;&nbsp; Credit Acceptance Auto Loan Trust <br>Series 2025-1A, Class C, <br>5.71%, 07/16/2035 <sup>(D)</sup> <br>| 760000 | 775669 |
| &nbsp;&nbsp; Foundation Finance Trust <br>Series 2025-1A, Class A, <br>4.95%, 04/15/2050 <sup>(D)</sup> <br>| 402033 | 407214 |
| &nbsp;&nbsp; Goodgreen Trust <br>Series 2017, Class R1, <br>5.00%, 10/20/2051 <sup>(D)</sup> <br>| 757 | 756 |
| &nbsp;&nbsp; GreatAmerica Leasing Receivables <br> Funding LLC <br>Series 2025-1, Class A4, <br>4.58%, 01/15/2032 <sup>(D)</sup> <br>| 193000 | 195789 |
| &nbsp;&nbsp; GreenSky Home Improvement Issuer Trust <br>Series 2025-2A, Class A3, <br>5.02%, 06/25/2060 <sup>(D)</sup> <br>| 135000 | 136835 |

---

**Transamerica Series Trust**

**Page 16**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| **United States (continued)** |  |  |
| Lendmark Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-2A, Class A, <br>2.00%, 04/20/2032 <sup>(D)</sup> <br>| $600000 | $576826 |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, <br>4.78%, 10/20/2034 <sup>(D)</sup> <br>| 1030000 | 1036832 |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class C, <br>5.68%, 09/20/2034 <sup>(D)</sup> <br>| 230000 | 234339 |
| &nbsp;&nbsp; NMEF Funding LLC <br>Series 2025-B, Class A2, <br>4.64%, 01/18/2033 <sup>(D)</sup> <br>| 435000 | 436711 |
| &nbsp;&nbsp; NRZ Excess Spread-Collateralized Notes <br>Series 2021-FHT1, Class A, <br>3.10%, 07/25/2026 <sup>(D)</sup> <br>| 702086 | 690854 |
| &nbsp;&nbsp; OneMain Financial Issuance Trust <br>Series 2020-2A, Class B, <br>2.21%, 09/14/2035 <sup>(D)</sup> <br>| 465000 | 445263 |
| &nbsp;&nbsp; P4 SFR Holdco LLC <br>Series 2019-STL, Class A, <br>7.25%, 10/11/2026<br>| 770392 | 758990 |
| Progress Residential Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR2, Class A, <br>3.31%, 04/17/2042 <sup>(D)</sup> <br>| 548824 | 520702 |
| &nbsp;&nbsp;&nbsp; Series 2025-SFR3, Class A, <br>3.39%, 07/17/2042 <sup>(D)</sup> <br>| 400000 | 378908 |
| &nbsp;&nbsp; Santander Drive Auto Receivables Trust <br>Series 2025-3, Class C, <br>4.68%, 09/15/2031<br>| 205000 | 206143 |
| &nbsp;&nbsp; SCF Equipment Trust LLC <br>Series 2025-1A, Class B, <br>5.23%, 09/20/2034 <sup>(D)</sup> <br>| 667000 | 684135 |
| &nbsp;&nbsp; Sierra Timeshare Receivables Funding LLC <br>Series 2025-2A, Class B, <br>4.93%, 04/20/2044 <sup>(D)</sup> <br>| 190925 | 192369 |
| &nbsp;&nbsp; **Total Asset-Backed Securities** <br>**(Cost $9,808,398)** | &nbsp;&nbsp; **Total Asset-Backed Securities** <br>**(Cost $9,808,398)** | 9921881 |
| **MORTGAGE-BACKED SECURITIES - 0.6%**  | **MORTGAGE-BACKED SECURITIES - 0.6%**  | **MORTGAGE-BACKED SECURITIES - 0.6%**  |
| **Cayman Islands - 0.2%**  | **Cayman Islands - 0.2%**  | **Cayman Islands - 0.2%**  |
| LFT CRE Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-FL1, Class C, <br>1-Month Term SOFR + 2.06%, <br>6.21% <sup>(C)</sup>, 06/15/2039 <sup>(D)</sup> <br>| 1420000 | 1398971 |
| **United States - 0.4%**  | **United States - 0.4%**  | **United States - 0.4%**  |
| FREMF Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018-W5FX, Class BFX, <br>3.79% <sup>(C)</sup>, 04/25/2028 <sup>(D)</sup> <br>| 1441000 | 1372649 |
| MRCD Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-PARK, Class A, <br>2.72%, 12/15/2036 <sup>(D)</sup> <br>| 1230000 | 1088550 |
| ROCK Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-CNTR, Class A, <br>5.39%, 11/13/2041 <sup>(D)</sup> <br>| 441393 | 454774 |
| SDR Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-DSNY, Class B, <br>1-Month Term SOFR + 1.74%, <br>5.89% <sup>(C)</sup>, 05/15/2039 <sup>(D)</sup> <br>| 246000 | 245386 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| **United States (continued)** | **United States (continued)** | **United States (continued)** |
| SREIT Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-MFP, Class A, <br>1-Month Term SOFR + 0.85%, <br>5.00% <sup>(C)</sup>, 11/15/2038 <sup>(D)</sup> <br>| $738181 | $737489 |
| &nbsp;&nbsp; Wachovia Bank Commercial Mortgage Trust, <br> Interest Only STRIPS<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2006-C24, Class XC, <br>0.00%, 03/15/2045 <sup>(D)</sup><sup>(H)</sup> <br>| 1690 | 0 |
|  |  | 3898848 |
| &nbsp;&nbsp; **Total Mortgage-Backed Securities** <br>**(Cost $5,612,952)**<br>|  | 5297819 |
| **FOREIGN GOVERNMENT OBLIGATIONS - 0.3%**  | **FOREIGN GOVERNMENT OBLIGATIONS - 0.3%**  | **FOREIGN GOVERNMENT OBLIGATIONS - 0.3%**  |
| **Israel - 0.1%**  | **Israel - 0.1%**  | **Israel - 0.1%**  |
| Israel Government International Bonds |  |  |
| 5.63%, 02/19/2035 | 685000 | 708082 |
| **Mexico - 0.2%**  | **Mexico - 0.2%**  | **Mexico - 0.2%**  |
| Mexico Government International Bonds |  |  |
| 3.77%, 05/24/2061 | 205000 | 128935 |
| 4.28%, 08/14/2041 | 200000 | 161950 |
| 4.50%, 01/31/2050 | 265000 | 203984 |
| 4.75%, 03/08/2044 | 234000 | 194395 |
| 5.63%, 09/22/2035 | 667000 | 663705 |
| 6.00%, 05/07/2036 | 247000 | 252397 |
| 6.34%, 05/04/2053 | 350000 | 340025 |
|  |  | 1945391 |
| **Panama - 0.0% \*** | **Panama - 0.0% \*** | **Panama - 0.0% \*** |
| Panama Government International Bonds |  |  |
| 4.50%, 04/16/2050 | 200000 | 150234 |
| **Saudi Arabia - 0.0% \*** | **Saudi Arabia - 0.0% \*** | **Saudi Arabia - 0.0% \*** |
| Saudi Government International Bonds |  |  |
| 2.25%, 02/02/2033 <sup>(D)</sup> <br>| 200000 | 171266 |
| &nbsp;&nbsp; **Total Foreign Government Obligations** <br>**(Cost $3,246,714)**<br>|  | 2974973 |
| **SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 0.1%**  | **SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 0.1%**  | **SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 0.1%**  |
| U.S. Treasury Bills |  |  |
| 3.92% <sup>(I)</sup>, 12/02/2025 <sup>(G)</sup> <br>| 586000 | 582069 |
| 4.21% <sup>(I)</sup>, 10/30/2025 <sup>(G)</sup> <br>| 100000 | 99674 |
| &nbsp;&nbsp; **Total Short-Term U.S. Government Obligations** <br>**(Cost $681,499)** | &nbsp;&nbsp; **Total Short-Term U.S. Government Obligations** <br>**(Cost $681,499)** | 681743 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **OTHER INVESTMENT COMPANY - 0.5%**  | **OTHER INVESTMENT COMPANY - 0.5%**  | **OTHER INVESTMENT COMPANY - 0.5%**  |
| **Securities Lending Collateral - 0.5%**  | **Securities Lending Collateral - 0.5%**  | **Securities Lending Collateral - 0.5%**  |
| &nbsp;&nbsp; State Street Navigator Securities Lending <br> Trust - Government Money Market Portfolio, <br> 4.13% <sup>(I)</sup> <br>| 4496475 | 4496475 |
| &nbsp;&nbsp; **Total Other Investment Company** <br>**(Cost $4,496,475)** | &nbsp;&nbsp; **Total Other Investment Company** <br>**(Cost $4,496,475)** | 4496475 |

---

**Transamerica Series Trust**

**Page 17**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **REPURCHASE AGREEMENT - 2.6%**  | **REPURCHASE AGREEMENT - 2.6%**  | **REPURCHASE AGREEMENT - 2.6%**  |
| &nbsp;&nbsp; Fixed Income Clearing Corp., <br>1.65% <sup>(I)</sup>, dated 09/30/2025, to be <br> repurchased at $23,289,956 on 10/01/2025. <br> Collateralized by a U.S. Government <br> Obligations, 2.50% - 4.25% <br> due 03/15/2027 - 03/31/2027, and with a <br> total value of $23,754,988.<br>| $23288889 | $23288889 |
| &nbsp;&nbsp; **Total Repurchase Agreement** <br>**(Cost $23,288,889)** | &nbsp;&nbsp; **Total Repurchase Agreement** <br>**(Cost $23,288,889)** | 23288889 |
| &nbsp;&nbsp; **Total Investments** <br>**(Cost $838,930,851)** | &nbsp;&nbsp; **Total Investments** <br>**(Cost $838,930,851)** | 877209316 |
| **Net Other Assets (Liabilities) - 0.6%** | **Net Other Assets (Liabilities) - 0.6%** | 5178849 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | **$882388165** |

---

**FUTURES CONTRACTS:**

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Long Futures Contracts**  | **Long Futures Contracts**  | **Long Futures Contracts**  | **Long Futures Contracts**  | **Long Futures Contracts**  | **Long Futures Contracts**  | **Long Futures Contracts**  |
| **Description** | **Number of** <br>**Contracts**<br>| &nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Value** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation**<br>| &nbsp;&nbsp; **Unrealized** <br>**Depreciation**<br>|
| 2-Year U.S. Treasury Notes | 57 | &nbsp;&nbsp;&nbsp;&nbsp; 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $11873372 | &nbsp;&nbsp;&nbsp;&nbsp; $11878711 | &nbsp;&nbsp;&nbsp;&nbsp; $5339 | &nbsp;&nbsp;&nbsp;&nbsp; $— |
| 5-Year U.S. Treasury Notes | 42 | &nbsp;&nbsp;&nbsp;&nbsp; 12/31/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 4593145 | &nbsp;&nbsp;&nbsp;&nbsp; 4586203 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (6942)<br>|
| 10-Year Australia Treasury Bonds | 197 | &nbsp;&nbsp;&nbsp;&nbsp; 12/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 14805719 | &nbsp;&nbsp;&nbsp;&nbsp; 14775942 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (29777)<br>|
| 10-Year U.S. Treasury Notes | 705 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 78972638 | &nbsp;&nbsp;&nbsp;&nbsp; 79312500 | &nbsp;&nbsp;&nbsp;&nbsp; 339862 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| 30-Year U.S. Treasury Bonds | 120 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 13723918 | &nbsp;&nbsp;&nbsp;&nbsp; 13991250 | &nbsp;&nbsp;&nbsp;&nbsp; 267332 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| AUD Currency | 134 | &nbsp;&nbsp;&nbsp;&nbsp; 12/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 8812894 | &nbsp;&nbsp;&nbsp;&nbsp; 8873480 | &nbsp;&nbsp;&nbsp;&nbsp; 60586 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| CAD Currency | 71 | &nbsp;&nbsp;&nbsp;&nbsp; 12/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5180382 | &nbsp;&nbsp;&nbsp;&nbsp; 5119100 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (61282)<br>|
| E-Mini Russell 1000<sup>®</sup> Index | 28 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 6533440 | &nbsp;&nbsp;&nbsp;&nbsp; 6664420 | &nbsp;&nbsp;&nbsp;&nbsp; 130980 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| EUR Currency | 38 | &nbsp;&nbsp;&nbsp;&nbsp; 12/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5604341 | &nbsp;&nbsp;&nbsp;&nbsp; 5601200 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (3141)<br>|
| EURO STOXX 50<sup>®</sup> Index | 34 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2154202 | &nbsp;&nbsp;&nbsp;&nbsp; 2211841 | &nbsp;&nbsp;&nbsp;&nbsp; 57639 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| Euro-BTP Italy Government Bonds | 142 | &nbsp;&nbsp;&nbsp;&nbsp; 12/08/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 19909334 | &nbsp;&nbsp;&nbsp;&nbsp; 19979149 | &nbsp;&nbsp;&nbsp;&nbsp; 69815 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| FTSE 100 Index | 39 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 4903905 | &nbsp;&nbsp;&nbsp;&nbsp; 4934335 | &nbsp;&nbsp;&nbsp;&nbsp; 30430 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| GBP Currency | 79 | &nbsp;&nbsp;&nbsp;&nbsp; 12/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 6687731 | &nbsp;&nbsp;&nbsp;&nbsp; 6641431 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (46300)<br>|
| MSCI Emerging Markets Index | 36 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2404926 | &nbsp;&nbsp;&nbsp;&nbsp; 2447460 | &nbsp;&nbsp;&nbsp;&nbsp; 42534 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| S&P 500<sup>®</sup> E-Mini Index | 16 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5381162 | &nbsp;&nbsp;&nbsp;&nbsp; 5391000 | &nbsp;&nbsp;&nbsp;&nbsp; 9838 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| U.K. Gilt | 54 | &nbsp;&nbsp;&nbsp;&nbsp; 12/29/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 6572965 | &nbsp;&nbsp;&nbsp;&nbsp; 6597216 | &nbsp;&nbsp;&nbsp;&nbsp; 24251 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Total** | **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp;&nbsp; **$1038606** | &nbsp;&nbsp;&nbsp; **$(147442)**<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Short Futures Contracts**  | **Short Futures Contracts**  | **Short Futures Contracts**  | **Short Futures Contracts**  | **Short Futures Contracts**  | **Short Futures Contracts**  | **Short Futures Contracts**  |
| **Description** | **Number of** <br>**Contracts**<br>| &nbsp;&nbsp; **Expiration** <br>**Date**<br>| &nbsp;&nbsp; **Notional** <br>**Amount**<br>| **Value** | &nbsp;&nbsp; **Unrealized** <br>**Appreciation**<br>| &nbsp;&nbsp; **Unrealized** <br>**Depreciation**<br>|
| 10-Year Japan Government Bonds | (25)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; $(23131007)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $(22955337)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $175670 | &nbsp;&nbsp;&nbsp;&nbsp; $— |
| 10-Year U.S. Treasury Ultra Notes | (100)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; (11452877)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (11507812)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (54935)<br>|
| 30-Year U.S. Treasury Ultra Bonds | (36)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; (4230186)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4322250)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (92064)<br>|
| CHF Currency | (112)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; (17815177)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (17742200)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 72977 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| DJ U.S. Real Estate Index | (124)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; (4640663)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (4594200)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 46463 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| JPY Currency | (104)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; (8900584)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (8858200)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 42384 | &nbsp;&nbsp;&nbsp;&nbsp; — |
| MSCI EAFE Index | (72)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; (9986823)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (10027080)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (40257)<br>|
| S&P/ASX 200 Index | (19)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; (2786628)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2788850)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (2222)<br>|
| S&P/TSX 60 Index | (11)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 12/18/2025 | &nbsp;&nbsp;&nbsp;&nbsp; (2750187)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (2802443)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (52256)<br>|
| **Total** | **Total** | **Total** | **Total** | **Total** | &nbsp;&nbsp;&nbsp; **$337494** | &nbsp;&nbsp;&nbsp; **$(241734)**<br>|
| **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | **Total Futures Contracts** | &nbsp;&nbsp;&nbsp; **$1376100** | &nbsp;&nbsp;&nbsp; **$(389176)**<br>|

---

**Transamerica Series Trust**

**Page 18**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

**INVESTMENTS BY INDUSTRY:**

------

---

| | | |
|:---|:---|:---|
| **Industry** | **Percentage of** <br>**Total Investments**<br>| **Value** |
| U.S. Government Agency Obligations | &nbsp;&nbsp; 25.0% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $219135419 |
| U.S. Government Obligations | &nbsp;&nbsp; 20.7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181397296 |
| Banks | &nbsp;&nbsp;&nbsp;&nbsp; 9.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 80682621 |
| Electric Utilities | &nbsp;&nbsp;&nbsp;&nbsp; 3.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30615792 |
| Oil, Gas & Consumable Fuels | &nbsp;&nbsp;&nbsp;&nbsp; 3.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30108187 |
| Semiconductors & Semiconductor Equipment | &nbsp;&nbsp;&nbsp;&nbsp; 3.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 27421227 |
| Software | &nbsp;&nbsp;&nbsp;&nbsp; 2.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20178428 |
| Pharmaceuticals | &nbsp;&nbsp;&nbsp;&nbsp; 1.7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14855370 |
| Insurance | &nbsp;&nbsp;&nbsp;&nbsp; 1.6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13841055 |
| Capital Markets | &nbsp;&nbsp;&nbsp;&nbsp; 1.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11896023 |
| Food Products | &nbsp;&nbsp;&nbsp;&nbsp; 1.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10638331 |
| Interactive Media & Services | &nbsp;&nbsp;&nbsp;&nbsp; 1.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10279572 |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp; 1.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9921881 |
| Health Care Providers & Services | &nbsp;&nbsp;&nbsp;&nbsp; 1.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9637253 |
| Financial Services | &nbsp;&nbsp;&nbsp;&nbsp; 1.0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8640521 |
| Biotechnology | &nbsp;&nbsp;&nbsp;&nbsp; 1.0 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8444317 |
| Broadline Retail | &nbsp;&nbsp;&nbsp;&nbsp; 0.9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8023565 |
| Automobiles | &nbsp;&nbsp;&nbsp;&nbsp; 0.9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7951367 |
| Technology Hardware, Storage & Peripherals | &nbsp;&nbsp;&nbsp;&nbsp; 0.9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7710630 |
| Communications Equipment | &nbsp;&nbsp;&nbsp;&nbsp; 0.9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7619267 |
| Hotels, Restaurants & Leisure | &nbsp;&nbsp;&nbsp;&nbsp; 0.9 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7507952 |
| Aerospace & Defense | &nbsp;&nbsp;&nbsp;&nbsp; 0.8 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6788790 |
| Specialty Retail | &nbsp;&nbsp;&nbsp;&nbsp; 0.7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6333975 |
| Machinery | &nbsp;&nbsp;&nbsp;&nbsp; 0.7 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6253540 |
| Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp; 0.6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5297819 |
| Entertainment | &nbsp;&nbsp;&nbsp;&nbsp; 0.6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5091850 |
| Health Care Equipment & Supplies | &nbsp;&nbsp;&nbsp;&nbsp; 0.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4639330 |
| Media | &nbsp;&nbsp;&nbsp;&nbsp; 0.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4505689 |
| Beverages | &nbsp;&nbsp;&nbsp;&nbsp; 0.5 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4016649 |
| Commercial Services & Supplies | &nbsp;&nbsp;&nbsp;&nbsp; 0.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3876958 |
| Chemicals | &nbsp;&nbsp;&nbsp;&nbsp; 0.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3548973 |
| IT Services | &nbsp;&nbsp;&nbsp;&nbsp; 0.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3401902 |
| Internet & Catalog Retail | &nbsp;&nbsp;&nbsp;&nbsp; 0.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3387814 |
| Electrical Equipment | &nbsp;&nbsp;&nbsp;&nbsp; 0.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3316022 |
| Specialized REITs | &nbsp;&nbsp;&nbsp;&nbsp; 0.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3195336 |
| Household Durables | &nbsp;&nbsp;&nbsp;&nbsp; 0.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3130222 |
| Industrial Conglomerates | &nbsp;&nbsp;&nbsp;&nbsp; 0.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3070089 |
| Foreign Government Obligations | &nbsp;&nbsp;&nbsp;&nbsp; 0.4 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2974973 |
| Containers & Packaging | &nbsp;&nbsp;&nbsp;&nbsp; 0.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2891989 |
| Metals & Mining | &nbsp;&nbsp;&nbsp;&nbsp; 0.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2728991 |
| Diversified Telecommunication Services | &nbsp;&nbsp;&nbsp;&nbsp; 0.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2718297 |
| Consumer Staples Distribution & Retail | &nbsp;&nbsp;&nbsp;&nbsp; 0.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2626977 |
| Building Products | &nbsp;&nbsp;&nbsp;&nbsp; 0.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2527060 |
| Electronic Equipment, Instruments & Components | &nbsp;&nbsp;&nbsp;&nbsp; 0.3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2294787 |
| Consumer Finance | &nbsp;&nbsp;&nbsp;&nbsp; 0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2201811 |
| Construction & Engineering | &nbsp;&nbsp;&nbsp;&nbsp; 0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2173190 |
| Textiles, Apparel & Luxury Goods | &nbsp;&nbsp;&nbsp;&nbsp; 0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2038442 |
| Residential REITs | &nbsp;&nbsp;&nbsp;&nbsp; 0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1981281 |
| Professional Services | &nbsp;&nbsp;&nbsp;&nbsp; 0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1823897 |
| Retail REITs | &nbsp;&nbsp;&nbsp;&nbsp; 0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1800797 |
| Diversified REITs | &nbsp;&nbsp;&nbsp;&nbsp; 0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1796997 |
| Life Sciences Tools & Services | &nbsp;&nbsp;&nbsp;&nbsp; 0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1781272 |
| Passenger Airlines | &nbsp;&nbsp;&nbsp;&nbsp; 0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1744052 |
| Transportation Infrastructure | &nbsp;&nbsp;&nbsp;&nbsp; 0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1614269 |
| Energy Equipment & Services | &nbsp;&nbsp;&nbsp;&nbsp; 0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1517942 |
| Automobile Components | &nbsp;&nbsp;&nbsp;&nbsp; 0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1453969 |
| Health Care REITs | &nbsp;&nbsp;&nbsp;&nbsp; 0.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1388037 |

---

**Transamerica Series Trust**

**Page 19**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

**INVESTMENTS BY INDUSTRY (continued):**

------

---

| | | |
|:---|:---|:---|
| **Industry** | **Percentage of**<br> **Total Investments**<br>| **Value** |
| Ground Transportation | &nbsp;&nbsp;&nbsp;&nbsp; 0.1% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1350768 |
| Multi-Utilities | &nbsp;&nbsp;&nbsp;&nbsp; 0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1341459 |
| Real Estate Management & Development | &nbsp;&nbsp;&nbsp;&nbsp; 0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1021617 |
| Gas Utilities | &nbsp;&nbsp;&nbsp;&nbsp; 0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 833877 |
| Tobacco | &nbsp;&nbsp;&nbsp;&nbsp; 0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 814893 |
| Personal Care Products | &nbsp;&nbsp;&nbsp;&nbsp; 0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 700527 |
| Trading Companies & Distributors | &nbsp;&nbsp;&nbsp;&nbsp; 0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 655232 |
| Construction Materials | &nbsp;&nbsp;&nbsp;&nbsp; 0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 630302 |
| Diversified Consumer Services | &nbsp;&nbsp;&nbsp;&nbsp; 0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 535652 |
| Air Freight & Logistics | &nbsp;&nbsp;&nbsp;&nbsp; 0.1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 502983 |
| Independent Power & Renewable Electricity Producers | &nbsp;&nbsp;&nbsp;&nbsp; 0.0 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450028 |
| Hotel & Resort REITs | &nbsp;&nbsp;&nbsp;&nbsp; 0.0 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 432761 |
| Household Products | &nbsp;&nbsp;&nbsp;&nbsp; 0.0 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 424535 |
| Office REITs | &nbsp;&nbsp;&nbsp;&nbsp; 0.0 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 355608 |
| Industrial REITs | &nbsp;&nbsp;&nbsp;&nbsp; 0.0 \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251905 |
| **Investments** | **96.8** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **848742209** |
| Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 3.2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 28467107 |
| **Total Investments** | **100.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **$877209316** |

---

**INVESTMENT VALUATION:**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** <sup>(J)</sup> <br>|  |  |  |  |
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2 -** <br>**Other Significant** <br>**Observable Inputs**<br>| **Level 3 -** <br>**Significant** <br>**Unobservable Inputs**<br>| **Value** |
| **ASSETS** |  |  |  |  |
| **Investments** |  |  |  |  |
| Common Stocks | $164085687 | &nbsp;&nbsp; $65075796 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $229161483 |
| U.S. Government Agency Obligations |  | &nbsp;&nbsp; 219135419 | &nbsp;&nbsp; — | &nbsp;&nbsp; 219135419 |
| Corporate Debt Securities |  | &nbsp;&nbsp; 200853338 | &nbsp;&nbsp; — | &nbsp;&nbsp; 200853338 |
| U.S. Government Obligations |  | &nbsp;&nbsp; 181397296 | &nbsp;&nbsp; — | &nbsp;&nbsp; 181397296 |
| Asset-Backed Securities |  | &nbsp;&nbsp; 9921881 | &nbsp;&nbsp; — | &nbsp;&nbsp; 9921881 |
| Mortgage-Backed Securities |  | &nbsp;&nbsp; 5297819 | &nbsp;&nbsp; — | &nbsp;&nbsp; 5297819 |
| Foreign Government Obligations |  | &nbsp;&nbsp; 2974973 | &nbsp;&nbsp; — | &nbsp;&nbsp; 2974973 |
| Short-Term U.S. Government Obligations |  | &nbsp;&nbsp; 681743 | &nbsp;&nbsp; — | &nbsp;&nbsp; 681743 |
| Other Investment Company | 4496475 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 4496475 |
| Repurchase Agreement |  | &nbsp;&nbsp; 23288889 | &nbsp;&nbsp; — | &nbsp;&nbsp; 23288889 |
| **Total Investments** | **$168582162** | &nbsp;&nbsp; **$708627154** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$877209316** |
| **Other Financial Instruments** |  |  |  |  |
| Futures Contracts <sup>(K)</sup> <br>| $1376100 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $1376100 |
| **Total Other Financial Instruments** | **$1376100** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$1376100** |
| **LIABILITIES** |  |  |  |  |
| **Other Financial Instruments** |  |  |  |  |
| Futures Contracts <sup>(K)</sup> <br>| $(389176)<br>| &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $(389176)<br>|
| **Total Other Financial Instruments** | **$(389176)**<br>| &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$(389176)**<br>|

---

**FOOTNOTES TO SCHEDULE OF INVESTMENTS:** 

<sup>(A)</sup> *Non-income producing security.*

<sup>(B)</sup> *All or a portion of the security is on loan. The total value of the securities on loan is $5,160,337, collateralized by cash collateral of $4,496,475 and* *non-cash collateral, such as U.S. government securities of $787,585. The amount on loan indicated may not correspond with the securities on loan* *identified because a security with pending sales are in the process of recall from the brokers.* 

**Transamerica Series Trust**

**Page 20**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

**FOOTNOTES TO SCHEDULE OF INVESTMENTS (continued):**

<sup>(C)</sup> *Floating or variable rate security. The rate disclosed is as of September 30, 2025. For securities based on a published reference rate and spread, the* *reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate,* *where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and* *are based on current market conditions; these securities do not indicate a reference rate and spread in the description.* 

<sup>(D)</sup> *Security is exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Security may be resold as transactions exempt from* *registration, normally to qualified institutional buyers. At September 30, 2025, the total value of 144A securities is $64,210,801, representing 7.3% of the* *Portfolio's net assets.* 

<sup>(E)</sup> *Perpetual maturity. The date displayed is the next call date.*

<sup>(F)</sup> *When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after September 30, 2025.* *Security may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.* 

<sup>(G)</sup> *All or a portion of the security has been segregated by the custodian as collateral to cover margin requirements for open futures contracts. The total* *value of the securities is $5,735,292.* 

<sup>(H)</sup> *Rounds to less than $1 or $(1).*

<sup>(I)</sup> *Rate disclosed reflects the yield at September 30, 2025.*

<sup>(J)</sup> *There were no transfers in or out of Level 3 during the period ended September 30, 2025. Please reference the Investment Valuation section of the* *Notes to Schedule of Investments for more information regarding investment valuation and pricing inputs.* 

<sup>(K)</sup> *Derivative instruments are valued at unrealized appreciation (depreciation).*

**CURRENCY ABBREVIATION(S):** 

---

| | |
|:---|:---|
| *AUD* | *Australian Dollar* |
| *CAD* | *Canadian Dollar* |
| *CHF* | *Swiss Franc* |
| *EUR* | *Euro* |
| *GBP* | *British Pound* |
| *JPY* | *Japanese Yen* |

---

**PORTFOLIO ABBREVIATION(S):** 

---

| | |
|:---|:---|
| *ADR* | *American Depositary Receipt* |
| *ASX* | *Australian Securities Exchange* |
| *BTP* | *Buoni del Tesoro Poliennali (Italian Treasury Bonds)* |
| *CMT* | *Constant Maturity Treasury* |
| *DJ* | *Dow Jones* |
| *EAFE* | *Europe, Australasia and Far East* |
| *FTSE* | *Financial Times Stock Exchange* |
| *REIT* | *Real Estate Investment Trust* |
| *RFUCC* | *Refinitiv USD IBOR Consumer Cash Fallbacks* |
| *SDR* | *Swedish Depositary Receipt* |
| *SOFR* | *Secured Overnight Financing Rate* |
| *STOXX* | *Deutsche Börse Group & SIX Group Index* |
| *STRIPS* | *Separate Trading of Registered Interest and Principal of Securities* |
| *TSX* | *Toronto Stock Exchange* |

---

**Transamerica Series Trust**

**Page 21**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**NOTES TO SCHEDULE OF INVESTMENTS**

**At September 30, 2025**

**(unaudited)**

**INVESTMENT VALUATION**

Transamerica JPMorgan Tactical Allocation VP (the "Portfolio") is a series of the Transamerica Series Trust.

Transamerica Asset Management, Inc. ("TAM") has been designated as the Portfolio's valuation designee pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, with responsibility for fair valuation subject to oversight by the Portfolio's Board of Trustees. The net asset value of the Portfolio is computed as of the official close of the New York Stock Exchange ("NYSE") each day the NYSE is open for business.

TAM utilizes various methods to measure the fair value of its investments on a recurring basis. Generally Accepted Accounting Principles in the United States of America establishes a hierarchy that prioritizes inputs to valuation methods. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The three levels ("Levels") of inputs of the fair value hierarchy are defined as follows:

Level 1—Unadjusted quoted prices in active markets for identical securities.

Level 2—Inputs, other than quoted prices included in Level 1, which are observable, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.

Level 3—Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, which may include TAM's own assumptions used in determining the fair value of the Portfolio's investments and derivative instruments.

The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value ("NAV") per share, or its equivalent, using the "practical expedient" have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Portfolio's investments at September 30, 2025, is disclosed within the Investment Valuation section of the Schedule of Investments.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, but not limited to, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is generally greatest for instruments categorized in Level 3. Due to the inherent uncertainty of valuation, the determination of values may differ significantly from values that would have been realized had a ready market for investments existed, and the differences could be material.

**Fair value measurements:** Descriptions of the valuation techniques applied to the Portfolio's significant categories of assets and liabilities measured at fair value on a recurring basis are as follows:

*Asset-backed securities:* The fair value of asset-backed securities is estimated based on models that consider the estimated cash flows of each tranche of the entity, establish a benchmark yield, and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.

*Corporate debt securities:* The fair value of corporate debt securities is estimated using various techniques, which consider recently executed transactions in securities of the issuer or comparable issuers, market price quotations (where observable), bond spreads, fundamental data relating to the issuer, and credit default swap spreads adjusted for any basis difference between cash and derivative instruments. While most corporate debt securities are categorized in Level 2 of the fair value hierarchy, in instances where lower relative weight is placed on transaction prices, quotations, or similar observable inputs, they are categorized in Level 3.

*Equity securities:* Securities are stated at the last reported sales price or closing price on the day of valuation taken from the primary exchange where the security is principally traded. To the extent these securities are actively traded and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Equities traded on inactive markets or valued by reference to similar instruments are generally categorized in Level 2 or Level 3 if inputs are unobservable.

**Transamerica Series Trust**

**Page 22**

------

**Transamerica JPMorgan Tactical Allocation VP**

------

**NOTES TO SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

*Foreign equity securities:* Securities in which the primary trading market closes at the same time or after the NYSE, are valued based on quotations from the primary market in which they are traded and are categorized in Level 1. Because many foreign securities markets and exchanges close prior to the close of the NYSE, closing prices for foreign securities in those markets or on those exchanges do not reflect the events that occur after that close. Certain foreign securities may be fair valued using a pricing service that considers the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments such as American Depositary Receipts, financial futures, or ETFs and the movement of certain indices of securities based on a statistical analysis of their historical relationship; such valuations generally are categorized in Level 2.

*Foreign government obligations:* Foreign government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. Foreign government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*Mortgage-backed securities:* The fair value of mortgage-backed securities is estimated based on models that consider issuer type, coupon, cash flows, mortgage prepayment projection tables and adjustable rate mortgage evaluations that incorporate index data, periodic life caps and the next coupon reset date. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.

*U.S. government agency obligations:* U.S. government agency obligations are comprised of two main categories consisting of agency issued debt and mortgage pass-throughs. Generally, agency issued debt securities are valued in a manner similar to U.S. government obligations. Mortgage pass-throughs include to be announced ("TBA") securities and mortgage pass-through certificates. Generally, TBA securities and mortgage pass-throughs are valued using dealer quotations. Depending on market activity levels and whether quotations or other observable data are used, these securities are typically categorized in Level 2 of the fair value hierarchy; otherwise they would be categorized in Level 3.

*U.S. government obligations:* U.S. government obligations are normally valued using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued by principally using dealer quotations. U.S. government obligations generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*Short-term notes:* The Portfolio normally values short-term government and U.S. government agency securities using a model that incorporates market observable data such as reported sales of similar securities, broker quotes, yields, bids, offers and reference data. Certain securities are valued by principally using dealer quotations. Short-term government and U.S. government agency securities generally are categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

*Securities lending collateral:* Securities lending collateral is invested in a money market fund which is valued at the actively traded NAV and no valuation adjustments are applied. Securities lending collateral is categorized in Level 1 of the fair value hierarchy.

*Repurchase agreements:* Repurchase agreements are valued at cost, which approximates fair value. To the extent the inputs are observable and timely, the values are generally categorized in Level 2 of the fair value hierarchy.

*Derivative instruments:* Centrally cleared or listed derivatives that are actively traded are valued based on quoted prices from the exchange and are categorized in Level 1 of the fair value hierarchy. Over-the-counter ("OTC") derivative contracts include forward, swap, swaption, and option contracts related to interest rates, foreign currencies, credit standing of reference entities, equity prices, or commodity prices. Depending on the product and the terms of the transaction, the fair value of the OTC derivative products are modeled taking into account the counterparties' creditworthiness and using a series of techniques, including simulation models. Many pricing models do not entail material subjectivity because the methodologies employed do not necessitate significant judgments and the pricing inputs are observed from actively quoted markets, as is the case of interest rate swap and option contracts. The majority of OTC derivative products valued by the Portfolio using pricing models fall into this category and are categorized within Level 2 of the fair value hierarchy or Level 3 if inputs are unobservable.

**Transamerica Series Trust**

**Page 23**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** TRANSAMERICA SERIES TRUST

- **b. Investment Company Act file number:** 811-04419

- **c. CIK number of Registrant:** 0000778207

- **d. LEI of Registrant:** 5493000QR1WGXIM5V222

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

  - **Street Address 1:** 1801 CALIFORNIA STREET

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80202

  - **Telephone number:** 720-493-4256

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

- **a. Name of Series:** Transamerica JPMorgan Tactical Allocation VP

- **b. EDGAR series identifier (if any):** S000007899

- **c. LEI of Series:** 549300LYI93XXXJI5949

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $895008915.27

**Total Liabilities:** $12314769.54

**Net Assets:** $882694145.73

**Delayed Delivery Securities:** $1049733.77

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -379.60000000 | **1-Year:** -11938.85000000 | **5-Year:** -42543.31000000 | **10-Year:** -68961.94000000 | **30-Year:** -27879.47000000

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

- **3-Month:** -64.61000000 | **1-Year:** -1028.13000000 | **5-Year:** -1940.01000000 | **10-Year:** -1087.13000000 | **30-Year:** -1011.29000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021444 | -0.07%               | 1.52%                | 1.38%                |
| Class ID C000021443 | -0.08%               | 1.55%                | 1.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1282214.91              | $-3263093.12                               |
| Month 2  | $2465279.10              | $8364672.24                                |
| Month 3  | $460678.39               | $8542714.68                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio VaR

- **Index Identifier:** Designated Reference Portfolio is the Fund's Securities Portfolio

### Schedule of Portfolio Investments

| Name                                                                            | Title                                                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418D4Y5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3797301 | PA      | $3216375.21   | 0.36%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                                                         | Public Service Co. of Colorado                                                | CUSIP: 744448CK5<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    185000 | PA      | $156206.39    | 0.02%             | 2044-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                                                               | Healthpeak OP LLC                                                             | CUSIP: 42250GAA1<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |    130000 | PA      | $132823.00    | 0.02%             | 2035-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                                                                     | Cencora, Inc.                                                                 | CUSIP: 03073EAT2<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |    760000 | PA      | $696950.64    | 0.08%             | 2031-03-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS, Interest Only STRIPS            | CUSIP: 31396VKQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     43479 | PA      | $5053.54      | 0.00%             | 2035-08-25      | Floating      | 2.13%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                                                    | NNN REIT, Inc.                                                                | CUSIP: 637417AP1<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              |  | US        |    250000 | PA      | $163825.52    | 0.02%             | 2050-04-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                                                            | COPT Defense Properties LP                                                    | CUSIP: 12713UAA4<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              |  | US        |     70000 | PA      | $69538.39     | 0.01%             | 2030-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    862300 | PA      | $763101.82    | 0.09%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                        | Mars, Inc.                                                                    | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    260000 | PA      | $265755.50    | 0.03%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Hong Kong Exchanges & Clearing Ltd                                              | Hong Kong Exchanges & Clearing Ltd.                                           | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | Long             | EC               | CORP              | HK        |     13700 | NS      | $778134.02    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    797000 | PA      | $692295.47    | 0.08%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| CF Industries Inc                                                               | CF Industries, Inc.                                                           | CUSIP: 12527GAD5<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |     54000 | PA      | $49672.09     | 0.01%             | 2043-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | Bank of America Corp.                                                         | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    650000 | PA      | $670855.45    | 0.08%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                                                           | Time Warner Cable LLC                                                         | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |     46000 | PA      | $47852.04     | 0.01%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc                                                                      | Zoetis, Inc.                                                                  | CUSIP: 98978VAH6<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    124000 | PA      | $114447.13    | 0.01%             | 2043-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                            | Enel Finance International NV                                                 | CUSIP: 29278GBF4<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $199435.99    | 0.02%             | 2028-09-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Nexstar Media Group Inc                                                         | Nexstar Media Group, Inc.                                                     | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |       859 | NS      | $169858.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Multifamily Structured Credit Risk                                              | Federal Home Loan Mortgage Corp. Multifamily Structured Credit Risk           | CUSIP: 35563YAA8<br>LEI: 529900E2V0BG2KXC9E18 | Long             | ABS-MBS          | USGSE             | US        |    310896 | PA      | $310264.83    | 0.04%             | 2045-07-25      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| BOSTON UNIVERSITY                                                               | Trustees of Boston University                                                 | CUSIP: 10115CAB0<br>LEI: 549300M1CR2B2GU2ZU17 | Long             | DBT              | CORP              | US        |    282000 | PA      | $189651.31    | 0.02%             | 2050-10-01      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DULR6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2352830 | PA      | $2390200.66   | 0.27%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                        | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401ABA8<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    295000 | PA      | $296614.07    | 0.03%             | 2030-10-10      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140FXLX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    887798 | PA      | $907895.80    | 0.10%             | 2059-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 912828V98<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    185000 | PA      | $181466.21    | 0.02%             | 2027-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                                         | Imperial Brands Finance PLC                                                   | CUSIP: 45262BAH6<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |    597000 | PA      | $624809.34    | 0.07%             | 2034-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                             | Dominion Energy, Inc.                                                         | CUSIP: 25746UBM0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    299000 | PA      | $276776.52    | 0.03%             | 2041-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                                    | CaixaBank SA                                                                  | CUSIP: 12803RAH7<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $212510.26    | 0.02%             | 2035-06-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS                                       | CUSIP: 3137ABAC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10961 | PA      | $10543.57     | 0.00%             | 2041-05-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418ENL0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1810007 | PA      | $1854611.76   | 0.21%             | 2053-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                                             | LVMH Moet Hennessy Louis Vuitton SE                                           | CUSIP: 000000000<br>LEI: IOG4E947OATN0KJYSD45 | Long             | EC               | CORP              | FR        |      1622 | NS      | $991193.45    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                              | Expand Energy Corp.                                                           | CUSIP: 92735LAA0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    466000 | PA      | $470862.55    | 0.05%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Jabil Inc                                                                       | Jabil, Inc.                                                                   | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      1164 | NS      | $252785.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                          | NextEra Energy Capital Holdings, Inc.                                         | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    304000 | PA      | $315661.74    | 0.04%             | 2055-08-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                                    | Synopsys, Inc.                                                                | CUSIP: 871607AC1<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    260000 | PA      | $264828.42    | 0.03%             | 2030-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Cisco Systems Inc                                                               | Cisco Systems, Inc.                                                           | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      4116 | NS      | $281616.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Corp                                                                       | Hess Corp.                                                                    | CUSIP: 42809HAC1<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    350000 | PA      | $380447.67    | 0.04%             | 2040-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                        | Federal Farm Credit Banks Funding Corp.                                       | CUSIP: 3133EMRX2<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   1525000 | PA      | $1213917.87   | 0.14%             | 2036-02-25      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc                                                                  | Salesforce, Inc.                                                              | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      1666 | NS      | $394842.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                                                      | Intuit, Inc.                                                                  | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      1392 | NS      | $950610.72    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418AJX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    128365 | PA      | $121161.16    | 0.01%             | 2042-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DM2N4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1076729 | PA      | $954207.77    | 0.11%             | 2051-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                                    | Calpine Corp.                                                                 | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    365000 | PA      | $361413.25    | 0.04%             | 2029-02-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                       | ONEOK, Inc.                                                                   | CUSIP: 682680CM3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    212000 | PA      | $216603.98    | 0.02%             | 2028-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                        | Ford Motor Credit Co. LLC                                                     | CUSIP: 345397E58<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202958.36    | 0.02%             | 2029-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds, Principal Only STRIPS                                    | CUSIP: 912833PB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1241000 | PA      | $1191513.26   | 0.13%             | 2026-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO                                                              | Sonoco Products Co.                                                           | CUSIP: 835495AR3<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |    241000 | PA      | $242430.35    | 0.03%             | 2029-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA TRUST                                                               | Transcanada Trust                                                             | CUSIP: 89356BAE8<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |    385000 | PA      | $381424.85    | 0.04%             | 2079-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY PVT BANK                                                         | Morgan Stanley Private Bank NA                                                | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |    455000 | PA      | $461794.64    | 0.05%             | 2031-07-18      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| ITOCHU Corp                                                                     | ITOCHU Corp.                                                                  | CUSIP: 000000000<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     11500 | NS      | $655232.11    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Bridge Trust                                                                    | Bridge Trust                                                                  | CUSIP: 10807GAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    405000 | PA      | $387513.07    | 0.04%             | 2042-09-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| AMETEK Inc                                                                      | AMETEK, Inc.                                                                  | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      2172 | NS      | $408336.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                                                                      | AbbVie, Inc.                                                                  | CUSIP: 00287YCB3<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    402000 | PA      | $338677.32    | 0.04%             | 2049-11-21      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS                                       | CUSIP: 31395WWM5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     23242 | PA      | $24226.79     | 0.00%             | 2035-06-15      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418AM96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    236929 | PA      | $223630.60    | 0.03%             | 2042-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                      | AbbVie, Inc.                                                                  | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    314000 | PA      | $321105.07    | 0.04%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    135000 | PA      | $133781.78    | 0.02%             | 2028-05-22      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                              | Banco Santander SA                                                            | CUSIP: 05964HAN5<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    600000 | PA      | $585491.63    | 0.07%             | 2027-09-14      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| Western Digital Corp                                                            | Western Digital Corp.                                                         | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |      4829 | NS      | $579769.74    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BANK NY                                                                | Deutsche Bank AG                                                              | CUSIP: 251526DB2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    385000 | PA      | $388640.87    | 0.04%             | 2031-08-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                                | ABN AMRO Bank NV                                                              | CUSIP: 00084DBD1<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $507737.02    | 0.06%             | 2028-12-03      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Alnylam Pharmaceuticals Inc                                                     | Alnylam Pharmaceuticals, Inc.                                                 | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |      1392 | NS      | $634752.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                          | Pacific Gas & Electric Co.                                                    | CUSIP: 694308KQ9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    321000 | PA      | $330418.40    | 0.04%             | 2029-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                             | American Express Co.                                                          | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     90000 | PA      | $91566.75     | 0.01%             | 2033-07-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| JETBLUE 2019-1 CLASS AA                                                         | JetBlue Pass-Through Trust                                                    | CUSIP: 477143AH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    113080 | PA      | $100159.17    | 0.01%             | 2032-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                                                      | AbbVie, Inc.                                                                  | CUSIP: 00287YAM1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    167000 | PA      | $150610.46    | 0.02%             | 2042-11-06      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Vistra Corp                                                                     | Vistra Corp.                                                                  | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      2504 | NS      | $490583.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133KJJU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    274356 | PA      | $235233.35    | 0.03%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DUUQ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    695250 | PA      | $715205.15    | 0.08%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association                                      | CUSIP: 36179XDB9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2336893 | PA      | $2091315.16   | 0.24%             | 2052-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS, Interest Only STRIPS            | CUSIP: 31397QW95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     91310 | PA      | $10747.72     | 0.00%             | 2041-01-25      | Floating      | 2.06%                 | No            |                  2 | On Loan: No      |
| KBC Group NV                                                                    | KBC Group NV                                                                  | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | EC               | CORP              | BE        |      4736 | NS      | $564092.83    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                                                        | Burlington Northern Santa Fe LLC                                              | CUSIP: 12189LAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     46000 | PA      | $41220.67     | 0.00%             | 2042-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Chipotle Mexican Grill Inc                                                      | Chipotle Mexican Grill, Inc.                                                  | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11123 | NS      | $435910.37    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418EDD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1262781 | PA      | $1111681.75   | 0.13%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    984000 | PA      | $959714.74    | 0.11%             | 2027-09-10      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE                                                        | Northwestern Mutual Life Insurance Co.                                        | CUSIP: 668131AA3<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |    284000 | PA      | $300888.91    | 0.03%             | 2040-03-30      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| KINETIK HOLDINGS LP                                                             | Kinetik Holdings LP                                                           | CUSIP: 49461MAA8<br>LEI: 549300RD6AJIMYC0HY12 | Long             | DBT              | CORP              | US        |    677000 | PA      | $680937.43    | 0.08%             | 2030-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                          | Pacific Gas & Electric Co.                                                    | CUSIP: 694308KX4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    229000 | PA      | $239666.39    | 0.03%             | 2035-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN NATURAL GAS CO                                                         | Northern Natural Gas Co.                                                      | CUSIP: 665501AM4<br>LEI: 5493007M02M6CT9EXE41 | Long             | DBT              | CORP              | US        |    119000 | PA      | $81476.16     | 0.01%             | 2051-10-16      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Volvo AB                                                                        | Volvo AB                                                                      | CUSIP: 000000000<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     77183 | NS      | $2209468.31   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1041000 | PA      | $1092478.62   | 0.12%             | 2036-04-23      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                                                                | BAT Capital Corp.                                                             | CUSIP: 05526DBF1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    300000 | PA      | $251561.82    | 0.03%             | 2047-08-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Progressive Corp/The                                                            | Progressive Corp.                                                             | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      1490 | NS      | $367955.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CALPINE CORP                                                                    | Calpine Corp.                                                                 | CUSIP: 131347CQ7<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    105000 | PA      | $104693.12    | 0.01%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal                                      | Future                                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |       -11 | NC      | $-52256.05    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                                                               | State Street Corp.                                                            | CUSIP: 857477DB6<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    175000 | PA      | $179657.35    | 0.02%             | 2030-04-24      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Atlassian Corp                                                                  | Atlassian Corp.                                                               | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | US        |      1382 | NS      | $220705.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWF57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2044795 | PA      | $2037659.17   | 0.23%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds, Principal Only STRIPS                                    | CUSIP: 912834KP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3125000 | PA      | $1463223.06   | 0.17%             | 2041-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                             | Southern California Edison Co.                                                | CUSIP: 842400GJ6<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    185000 | PA      | $181797.84    | 0.02%             | 2028-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Vertex Pharmaceuticals Inc                                                      | Vertex Pharmaceuticals, Inc.                                                  | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |       465 | NS      | $182112.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                                             | Dominion Energy, Inc.                                                         | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      9491 | NS      | $580564.47    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DOMINION ENERGY INC                                                             | Dominion Energy, Inc.                                                         | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    326000 | PA      | $328332.28    | 0.04%             | 2056-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kontoor Brands Inc                                                              | Kontoor Brands, Inc.                                                          | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |      3323 | NS      | $265075.71    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                           | Uber Technologies, Inc.                                                       | CUSIP: 90353TAU4<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297278.46    | 0.03%             | 2035-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                                               | Kinder Morgan, Inc.                                                           | CUSIP: 49456BBB6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    140000 | PA      | $144421.06    | 0.02%             | 2030-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp                                                              | Union Pacific Corp.                                                           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      2225 | NS      | $525923.25    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                                               | Johnson & Johnson                                                             | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     15669 | NS      | $2905345.98   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DSQ62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4457391 | PA      | $4437699.43   | 0.50%             | 2053-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                         | Bristol-Myers Squibb Co.                                                      | CUSIP: 110122EB0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    267000 | PA      | $291557.68    | 0.03%             | 2053-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART                                                          | Brixmor Operating Partnership LP                                              | CUSIP: 11120VAP8<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              |  | US        |    210000 | PA      | $209538.97    | 0.02%             | 2033-02-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp                                                                 | McDonald's Corp.                                                              | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      4906 | NS      | $1490884.34   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418AWG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    331885 | PA      | $312435.35    | 0.04%             | 2043-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | Oracle Corp.                                                                  | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    187000 | PA      | $139036.05    | 0.02%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| EIDP INC                                                                        | EIDP, Inc.                                                                    | CUSIP: 263534CS6<br>LEI: GLU7INWNWH88J9XBXD45 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205722.88    | 0.02%             | 2032-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418DB92<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    806375 | PA      | $745687.25    | 0.08%             | 2049-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                          | Roper Technologies, Inc.                                                      | CUSIP: 776696AL0<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100406.83    | 0.01%             | 2030-09-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS, Principal Only STRIPS           | CUSIP: 31396VD39<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3706 | PA      | $3289.46      | 0.00%             | 2037-05-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                                                 | BAE Systems PLC                                                               | CUSIP: 000000000<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |     19962 | NS      | $552777.32    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                                                  | Consumer Portfolio Services Auto Trust                                        | CUSIP: 12630SAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    390000 | PA      | $393357.67    | 0.04%             | 2031-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                          | Philip Morris International, Inc.                                             | CUSIP: 718172DP1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    885000 | PA      | $900170.27    | 0.10%             | 2031-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PIEDMONT HEALTHCARE INC                                                         | Piedmont Healthcare, Inc.                                                     | CUSIP: 72014TAC3<br>LEI: 254900D1I6W7J0DSAY11 | Long             | DBT              | CORP              | US        |    444000 | PA      | $381005.09    | 0.04%             | 2032-01-01      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141GA46<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1579000 | PA      | $1680339.18   | 0.19%             | 2029-10-24      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                                                          | UnitedHealth Group, Inc.                                                      | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      3121 | NS      | $1077681.30   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128MT6K9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       646 | PA      | $660.56       | 0.00%             | 2037-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 31427NAR0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1120457 | PA      | $1031353.21   | 0.12%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                              | Credit Agricole SA                                                            | CUSIP: 225313AR6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $200781.97    | 0.02%             | 2034-09-23      | Fixed         | 6.70%                 | No            |                  2 | On Loan: —       |
| COMCAST CORP                                                                    | Comcast Corp.                                                                 | CUSIP: 20030NDS7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1134000 | PA      | $698511.11    | 0.08%             | 2051-11-01      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                                           | Duke Energy Carolinas LLC                                                     | CUSIP: 26442CAN4<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    159000 | PA      | $134962.30    | 0.02%             | 2042-09-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                           | GFL Environmental, Inc.                                                       | CUSIP: 36168QAM6<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $107293.25    | 0.01%             | 2028-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                           | Athene Global Funding                                                         | CUSIP: 04685A4S7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    485000 | PA      | $491495.86    | 0.06%             | 2035-08-22      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS                                       | CUSIP: 3137ACX95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7455 | PA      | $7759.91      | 0.00%             | 2038-10-15      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    496000 | PA      | $515374.10    | 0.06%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| ASML Holding NV                                                                 | ASML Holding NV                                                               | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      3113 | NS      | $3026556.20   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Philip Morris International Inc                                                 | Philip Morris International, Inc.                                             | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      5172 | NS      | $838898.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                                                               | General Motors Co.                                                            | CUSIP: 37045VAP5<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |     81000 | PA      | $77497.95     | 0.01%             | 2038-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                          | NextEra Energy Capital Holdings, Inc.                                         | CUSIP: 65339KDB3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    216000 | PA      | $232141.90    | 0.03%             | 2054-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                        | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     43000 | PA      | $45048.07     | 0.01%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                        | Mars, Inc.                                                                    | CUSIP: 571676BD6<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    167000 | PA      | $170284.75    | 0.02%             | 2065-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                                                    | NNN REIT, Inc.                                                                | CUSIP: 637417AR7<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              |  | US        |     80000 | PA      | $50780.17     | 0.01%             | 2052-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                                                                  | Eli Lilly & Co.                                                               | CUSIP: 532457DG0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103253.94    | 0.01%             | 2065-10-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                                                           | Norfolk Southern Corp.                                                        | CUSIP: 655844CF3<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    218000 | PA      | $147767.44    | 0.02%             | 2050-05-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE INSURANCE                                                         | New York Life Insurance Co.                                                   | CUSIP: 64952GAQ1<br>LEI: TAE73CY392TBWJ3O3305 | Long             | DBT              | CORP              | US        |     86000 | PA      | $68326.66     | 0.01%             | 2069-05-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                                        | Duke Energy Progress LLC                                                      | CUSIP: 26442UAM6<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    230000 | PA      | $147319.05    | 0.02%             | 2051-08-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                                                | NMEF Funding LLC                                                              | CUSIP: 62919WAB5<br>LEI: 549300LKWL3P0UPHKL72 | Long             | ABS-O            | CORP              | US        |    435000 | PA      | $436710.59    | 0.05%             | 2033-01-18      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                                             | Intesa Sanpaolo SpA                                                           | CUSIP: 46115HBS5<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    925000 | PA      | $782294.80    | 0.09%             | 2042-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | Bank of America Corp.                                                         | CUSIP: 06055HAH6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    197000 | PA      | $204976.33    | 0.02%             | 2030-05-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                     | Future                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         2 | NC      | $9018.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                                                | Wells Fargo & Co.                                                             | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     36831 | NS      | $3087174.42   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140FXHG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1174920 | PA      | $1221815.83   | 0.14%             | 2058-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Northern Trust Corp                                                             | Northern Trust Corp.                                                          | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |      2273 | NS      | $305945.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                                                    | Broadcom, Inc.                                                                | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    563000 | PA      | $487088.26    | 0.06%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc                                              | Mitsubishi UFJ Financial Group, Inc.                                          | CUSIP: 000000000<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |    131400 | NS      | $2127136.63   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                               | Future                                                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |       142 | NC      | $69815.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOETIS INC                                                                      | Zoetis, Inc.                                                                  | CUSIP: 98978VAX1<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    105000 | PA      | $106047.97    | 0.01%             | 2035-08-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                             | Dominion Energy, Inc.                                                         | CUSIP: 25746UDX4<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    178000 | PA      | $182383.36    | 0.02%             | 2035-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| UNITED MEXICAN STATES                                                           | Mexico Government International Bonds                                         | CUSIP: 91087BBL3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    667000 | PA      | $663705.02    | 0.08%             | 2035-09-22      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                                                              | NextEra Energy, Inc.                                                          | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     13762 | NS      | $1038893.38   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                                                   | Hilton Worldwide Holdings, Inc.                                               | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |       751 | NS      | $194839.44    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 61747YFS9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    307000 | PA      | $314632.42    | 0.04%             | 2030-07-19      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                                | Altria Group, Inc.                                                            | CUSIP: 02209SBM4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    475000 | PA      | $368175.77    | 0.04%             | 2041-02-04      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | Bank of America Corp.                                                         | CUSIP: 06051GLG2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    744000 | PA      | $762646.98    | 0.09%             | 2029-04-25      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| EQUITABLE HOLDINGS INC                                                          | Equitable Holdings, Inc.                                                      | CUSIP: 054561AN5<br>LEI: 549300FIBAKMNHPZ4009 | Long             | DBT              | CORP              | US        |    152000 | PA      | $152642.63    | 0.02%             | 2029-02-15      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                                                  | Microsoft Corp.                                                               | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    115000 | PA      | $72803.28     | 0.01%             | 2050-06-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe - Financial Products Division                                | Future                                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |        54 | NC      | $24250.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                           | Truist Financial Corp.                                                        | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    659000 | PA      | $669543.74    | 0.08%             | 2034-01-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                                                           | Time Warner Cable LLC                                                         | CUSIP: 88732JBD9<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |     65000 | PA      | $52226.02     | 0.01%             | 2042-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Interactive Brokers Group Inc                                                   | Interactive Brokers Group, Inc.                                               | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      6637 | NS      | $456691.97    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418APN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     77513 | PA      | $73162.53     | 0.01%             | 2043-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XDGD2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    893338 | PA      | $762984.36    | 0.09%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS                               | CUSIP: 38375BYQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       298 | PA      | $298.16       | 0.00%             | 2062-07-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWHT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2661926 | PA      | $2690620.79   | 0.30%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                         | MPLX LP                                                                       | CUSIP: 55336VCC2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    600000 | PA      | $601303.40    | 0.07%             | 2035-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA                                                         | Public Service Co. of Oklahoma                                                | CUSIP: 744533BS8<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |    725000 | PA      | $740565.25    | 0.08%             | 2036-01-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | Citigroup, Inc.                                                               | CUSIP: 172967PK1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    594000 | PA      | $613675.06    | 0.07%             | 2029-08-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                                                        | Virginia Electric & Power Co.                                                 | CUSIP: 927804GN8<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71805.09     | 0.01%             | 2053-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                                                      | AbbVie, Inc.                                                                  | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      9194 | NS      | $2128778.76   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lendmark Funding Trust                                                          | Lendmark Funding Trust                                                        | CUSIP: 52604DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $576826.14    | 0.07%             | 2032-04-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | Energy Transfer LP                                                            | CUSIP: 226373AR9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1149000 | PA      | $1165343.82   | 0.13%             | 2029-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | Energy Transfer LP                                                            | CUSIP: 29273VAU4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     76000 | PA      | $83127.92     | 0.01%             | 2033-12-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                          | Pacific Gas & Electric Co.                                                    | CUSIP: 694308KC0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    121000 | PA      | $117830.92    | 0.01%             | 2032-03-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY INDIANA LLC                                                         | Duke Energy Indiana LLC                                                       | CUSIP: 26443TAD8<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |    227000 | PA      | $222126.70    | 0.03%             | 2053-04-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SDR Commercial Mortgage Trust                                                   | SDR Commercial Mortgage Trust                                                 | CUSIP: 811304AE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    246000 | PA      | $245386.18    | 0.03%             | 2039-05-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                          | Sempra                                                                        | CUSIP: 816851BW8<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112887.23    | 0.01%             | 2056-04-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS, Principal Only STRIPS           | CUSIP: 31395DEB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3283 | PA      | $2740.43      | 0.00%             | 2034-12-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EMERA US FINANCE LP                                                             | Emera U.S. Finance LP                                                         | CUSIP: 29103DAT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    271000 | PA      | $241913.46    | 0.03%             | 2031-06-15      | Fixed         | 2.64%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                                                        | Plains All American Pipeline LP/PAA Finance Corp.                             | CUSIP: 72650RBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $162010.89    | 0.02%             | 2036-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Ltd                                                                   | Rio Tinto Ltd.                                                                | CUSIP: 000000000<br>LEI: 529900X2VMAQT2PE0V24 | Long             | EC               | CORP              | AU        |      3703 | NS      | $299007.05    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAP INTL                                                          | TotalEnergies Capital International SA                                        | CUSIP: 89153VAX7<br>LEI: 549300U37G2I8G4RUG09 | Long             | DBT              | CORP              | FR        |    493000 | PA      | $373804.37    | 0.04%             | 2041-06-29      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                                    | Comcast Corp.                                                                 | CUSIP: 20030NDH1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    178000 | PA      | $149681.78    | 0.02%             | 2040-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SAP SE                                                                          | SAP SE                                                                        | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      1437 | NS      | $384492.55    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Tradeweb Markets Inc                                                            | Tradeweb Markets, Inc.                                                        | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1840 | NS      | $204203.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY LOUISIANA LLC                                                           | Entergy Louisiana LLC                                                         | CUSIP: 29364WBQ0<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    220000 | PA      | $225249.10    | 0.03%             | 2055-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CET4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23852000 | PA      | $23456951.25  | 2.66%             | 2027-05-31      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                     | Future                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |        71 | NC      | $-61281.79    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG                                                        | Berkshire Hathaway Energy Co.                                                 | CUSIP: 084659BF7<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |     54000 | PA      | $46417.21     | 0.01%             | 2053-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                        | Constellation Brands, Inc.                                                    | CUSIP: 21036PBP2<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    176000 | PA      | $177645.12    | 0.02%             | 2033-05-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| BANK OF AMERICA CORP                                                            | Bank of America Corp.                                                         | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    410000 | PA      | $415238.39    | 0.05%             | 2030-07-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DT2J8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6155758 | PA      | $6125390.22   | 0.69%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                          | Philip Morris International, Inc.                                             | CUSIP: 718172AU3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    253000 | PA      | $210037.54    | 0.02%             | 2042-08-21      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ENTERGY TEXAS INC                                                               | Entergy Texas, Inc.                                                           | CUSIP: 29365TAP9<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |     62000 | PA      | $60905.37     | 0.01%             | 2054-09-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                        | Federal Farm Credit Banks Funding Corp.                                       | CUSIP: 3133ELY65<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   5000000 | PA      | $3870220.70   | 0.44%             | 2035-07-23      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31371NH57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2640 | PA      | $2695.75      | 0.00%             | 2027-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                                                                     | Cencora, Inc.                                                                 | CUSIP: 03073EAR6<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |     75000 | PA      | $70239.52     | 0.01%             | 2030-05-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                                                    | Thermo Fisher Scientific, Inc.                                                | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       754 | NS      | $365705.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                                                        | TotalEnergies Capital SA                                                      | CUSIP: 89157XAC5<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |    174000 | PA      | $173356.85    | 0.02%             | 2064-04-05      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Expedia Group Inc                                                               | Expedia Group, Inc.                                                           | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      2479 | NS      | $529886.25    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS Health Corp.                                                              | CUSIP: 126650DZ0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    370000 | PA      | $363562.41    | 0.04%             | 2053-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141GB37<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    931000 | PA      | $958412.49    | 0.11%             | 2035-07-23      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133KLA98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    261320 | PA      | $223168.25    | 0.03%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS, Interest Only STRIPS         | CUSIP: 38376R5T9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    934762 | PA      | $26146.43     | 0.00%             | 2067-06-20      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                                     | Oracle Corp.                                                                  | CUSIP: 68389XBH7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     78000 | PA      | $69456.45     | 0.01%             | 2036-07-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                                                           | Uber Technologies, Inc.                                                       | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      6046 | NS      | $592326.62    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                                                                    | Teradyne, Inc.                                                                | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |      2230 | NS      | $306937.20    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                                        | Corebridge Financial, Inc.                                                    | CUSIP: 21871XAT6<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |     69000 | PA      | $70821.53     | 0.01%             | 2054-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140QN3C4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1611939 | PA      | $1427552.13   | 0.16%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DPBH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1397546 | PA      | $1240505.59   | 0.14%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                        | AerCap Ireland Capital DAC/AerCap Global Aviation Trust                       | CUSIP: 00774MBS3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    150000 | PA      | $148351.07    | 0.02%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                               | HSBC Holdings PLC                                                             | CUSIP: 404280DR7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    485000 | PA      | $515100.46    | 0.06%             | 2028-11-03      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| Cognizant Technology Solutions Corp                                             | Cognizant Technology Solutions Corp.                                          | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |      5361 | NS      | $359562.27    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc                                                     | Columbia Banking System, Inc.                                                 | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9179 | NS      | $236267.46    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XB4P2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1229831 | PA      | $1050884.15   | 0.12%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140QVW83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3229920 | PA      | $3285692.58   | 0.37%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                  | BNP Paribas SA                                                                | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |      6398 | NS      | $580870.18    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC GROUP NV                                                                    | KBC Group NV                                                                  | CUSIP: 48241FAD6<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |    200000 | PA      | $203436.38    | 0.02%             | 2030-10-16      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc                                                               | EOG Resources, Inc.                                                           | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      8092 | NS      | $907275.04    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ANHEUSER-BUSCH INBEV FIN                                                        | Anheuser-Busch InBev Finance, Inc.                                            | CUSIP: 035242AM8<br>LEI: 5493000EYEKDT0FBSQ91 | Long             | DBT              | CORP              | US        |    177000 | PA      | $174752.54    | 0.02%             | 2036-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Arch Capital Group Ltd                                                          | Arch Capital Group Ltd.                                                       | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |      3152 | NS      | $285980.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                                                           | 3M Co.                                                                        | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      5607 | NS      | $870094.26    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                                                                 | Sony Group Corp.                                                              | CUSIP: 000000000<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     87400 | NS      | $2517067.99   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Shell PLC                                                                       | Shell PLC                                                                     | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     30870 | NS      | $1098748.64   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOF                                                        | Take-Two Interactive Software, Inc.                                           | CUSIP: 874054AM1<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82827.87     | 0.01%             | 2029-06-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                     | BNP Paribas SA                                                                | CUSIP: 05602XJC3<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $209161.60    | 0.02%             | 2034-09-10      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                           | Mexico Government International Bonds                                         | CUSIP: 91086QBB3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    234000 | PA      | $194395.50    | 0.02%             | 2044-03-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | Citigroup, Inc.                                                               | CUSIP: 172967QA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1019001.41   | 0.12%             | 2031-05-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                                                         | Simon Property Group LP                                                       | CUSIP: 828807EA1<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              |  | US        |    403000 | PA      | $407694.84    | 0.05%             | 2035-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                    | Broadcom, Inc.                                                                | CUSIP: 11135FCC3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |     83000 | PA      | $83576.66     | 0.01%             | 2032-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                     | Prologis LP                                                                   | CUSIP: 74340XCR0<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |     85000 | PA      | $87554.01     | 0.01%             | 2035-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                                                    | State Street Navigator Securities Lending Government Money Market Portfolio   | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   4498278 | NS      | $4498277.50   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ALTRIA GROUP INC                                                                | Altria Group, Inc.                                                            | CUSIP: 02209SBU6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    520000 | PA      | $522013.13    | 0.06%             | 2030-08-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Regency Centers Corp                                                            | Regency Centers Corp.                                                         | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               |  | US        |      6806 | NS      | $496157.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AMSR Trust                                                                      | AMSR Trust                                                                    | CUSIP: 00179UAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    725000 | PA      | $715928.80    | 0.08%             | 2041-11-17      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Burlington Stores Inc                                                           | Burlington Stores, Inc.                                                       | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |      1426 | NS      | $362917.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                                                            | Williams Cos., Inc.                                                           | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     14812 | NS      | $938340.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AIB GROUP PLC                                                                   | AIB Group PLC                                                                 | CUSIP: 00135TAE4<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $210397.04    | 0.02%             | 2035-03-28      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                        | Federal Farm Credit Banks Funding Corp.                                       | CUSIP: 3133EMVU3<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   4647000 | PA      | $3805372.12   | 0.43%             | 2036-04-14      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HubSpot Inc                                                                     | HubSpot, Inc.                                                                 | CUSIP: 443573100<br>LEI: 529900BLNVEW0MVKJB37 | Long             | EC               | CORP              | US        |       730 | NS      | $341494.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS                                       | CUSIP: 3137H5PG6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2825543 | PA      | $2533276.12   | 0.29%             | 2047-12-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | Energy Transfer LP                                                            | CUSIP: 226373AT5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    189000 | PA      | $197407.16    | 0.02%             | 2031-02-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Mitsui Fudosan Co Ltd                                                           | Mitsui Fudosan Co. Ltd.                                                       | CUSIP: 000000000<br>LEI: 353800ND4ZKNZDYKMF33 | Long             | EC               | CORP              | JP        |     58100 | NS      | $633703.89    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                      | AbbVie, Inc.                                                                  | CUSIP: 00287YCA5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    490000 | PA      | $438518.33    | 0.05%             | 2039-11-21      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                        | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401AAX9<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    839000 | PA      | $851019.20    | 0.10%             | 2030-01-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| OHIO POWER COMPANY                                                              | Ohio Power Co.                                                                | CUSIP: 677415CU3<br>LEI: 06ZODLC132CY1O2Y7D77 | Long             | DBT              | CORP              | US        |    218000 | PA      | $135646.83    | 0.02%             | 2051-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Deutsche Boerse AG                                                              | Deutsche Boerse AG                                                            | CUSIP: 000000000<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |      3855 | NS      | $1032372.69   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                                           | Foundry JV Holdco LLC                                                         | CUSIP: 350930AD5<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    285000 | PA      | $305068.59    | 0.03%             | 2035-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PIONEER NATURAL RESOURCE                                                        | Pioneer Natural Resources Co.                                                 | CUSIP: 723787AR8<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |    768000 | PA      | $690510.93    | 0.08%             | 2031-01-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                                                             | Dominion Energy, Inc.                                                         | CUSIP: 25746UDK2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    305000 | PA      | $232380.36    | 0.03%             | 2041-04-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Hess Corp                                                                       | Hess Corp.                                                                    | CUSIP: 42809HAD9<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |    359000 | PA      | $372551.92    | 0.04%             | 2041-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                          | Future                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        57 | NC      | $5338.69      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                        | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    348000 | PA      | $363005.17    | 0.04%             | 2028-05-04      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                        | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401AAZ4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    445000 | PA      | $456474.46    | 0.05%             | 2030-05-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Chubb Ltd                                                                       | Chubb Ltd.                                                                    | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      1300 | NS      | $366925.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                                                                  | NRG Energy, Inc.                                                              | CUSIP: 629377CT7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    243000 | PA      | $268684.61    | 0.03%             | 2033-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                                                                | Duke Energy Corp.                                                             | CUSIP: 26441CCK9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    168000 | PA      | $167389.48    | 0.02%             | 2055-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Omnicom Group Inc                                                               | Omnicom Group, Inc.                                                           | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |      4090 | NS      | $333457.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DT MIDSTREAM INC                                                                | DT Midstream, Inc.                                                            | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    191000 | PA      | $186351.85    | 0.02%             | 2029-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                           | Mexico Government International Bonds                                         | CUSIP: 91087BAZ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    247000 | PA      | $252396.95    | 0.03%             | 2036-05-07      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sea Ltd                                                                         | Sea Ltd.                                                                      | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | KY        |      3232 | NS      | $577655.36    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS LP                                                              | Regency Centers LP                                                            | CUSIP: 75884RAZ6<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |    194000 | PA      | $185231.56    | 0.02%             | 2029-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| VERALTO CORP                                                                    | Veralto Corp.                                                                 | CUSIP: 92338CAD5<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    314000 | PA      | $324050.94    | 0.04%             | 2028-09-18      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS                               | CUSIP: 38378GKK3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     57199 | PA      | $55327.33     | 0.01%             | 2042-11-16      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                                                                  | Solventum Corp.                                                               | CUSIP: 83444MAQ4<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    470000 | PA      | $490116.82    | 0.06%             | 2031-03-13      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Spotify Technology SA                                                           | Spotify Technology SA                                                         | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       717 | NS      | $500466.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                                                                    | Iberdrola SA                                                                  | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     45308 | NS      | $856687.56    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| General Dynamics Corp                                                           | General Dynamics Corp.                                                        | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      1459 | NS      | $497519.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                                                           | Robinhood Markets, Inc.                                                       | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |      4974 | NS      | $712177.32    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                                                        | JBS USA Holding Lux SARL/JBS USA Foods Group Holdings, Inc./JBS USA Food Co.  | CUSIP: 472140AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    570000 | PA      | $582089.70    | 0.07%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                                                 | McDonald's Corp.                                                              | CUSIP: 58013MGB4<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250681.00    | 0.03%             | 2031-02-12      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CJV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6562300 | PA      | $6566914.15   | 0.74%             | 2026-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DBS Group Holdings Ltd                                                          | DBS Group Holdings Ltd.                                                       | CUSIP: 000000000<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |     38780 | NS      | $1537731.70   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                          | PNC Financial Services Group, Inc.                                            | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    189000 | PA      | $214128.08    | 0.02%             | 2034-10-20      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                                                 | Xcel Energy, Inc.                                                             | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      4491 | NS      | $362199.15    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT INC                                                                    | NNN REIT, Inc.                                                                | CUSIP: 637417AQ9<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              |  | US        |    170000 | PA      | $120335.03    | 0.01%             | 2051-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                               | State Street Corp.                                                            | CUSIP: 857477CH4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    130000 | PA      | $135210.92    | 0.02%             | 2029-03-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: —       |
| S&P GLOBAL INC                                                                  | S&P Global, Inc.                                                              | CUSIP: 78409VAR5<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    184000 | PA      | $96003.39     | 0.01%             | 2060-08-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS                               | CUSIP: 38375BUB6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |         4 | PA      | $4.13         | 0.00%             | 2062-05-20      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| FED CAISSES DESJARDINS                                                          | Federation des Caisses Desjardins du Quebec                                   | CUSIP: 31429KAK9<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |    330000 | PA      | $342033.95    | 0.04%             | 2028-03-14      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                          | Roper Technologies, Inc.                                                      | CUSIP: 776696AH9<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |     91000 | PA      | $92017.38     | 0.01%             | 2032-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140QEN81<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    249854 | PA      | $214223.32    | 0.02%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                                    | Synopsys, Inc.                                                                | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    130000 | PA      | $132846.60    | 0.02%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                                              | Regal Rexnord Corp.                                                           | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    147000 | PA      | $157811.31    | 0.02%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140W1MC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2130845 | PA      | $2165704.85   | 0.25%             | 2055-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc                                                             | Cheniere Energy, Inc.                                                         | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      1242 | NS      | $291845.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERGY ARKANSAS LLC                                                            | Entergy Arkansas LLC                                                          | CUSIP: 29366MAG3<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |     66000 | PA      | $67569.02     | 0.01%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                            | Enel Finance International NV                                                 | CUSIP: 29278GAN8<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $188911.62    | 0.02%             | 2028-07-12      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Amgen Inc                                                                       | Amgen, Inc.                                                                   | CUSIP: 031162CF5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |     75000 | PA      | $65516.14     | 0.01%             | 2051-06-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                                                           | Micron Technology, Inc.                                                       | CUSIP: 595112BZ5<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    270000 | PA      | $286771.11    | 0.03%             | 2033-02-09      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DVLR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    558946 | PA      | $480219.33    | 0.05%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                        | New York Life Global Funding                                                  | CUSIP: 64952WDS9<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    242000 | PA      | $209710.91    | 0.02%             | 2030-08-07      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                                                                      | Leidos, Inc.                                                                  | CUSIP: 52532XAK1<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    249000 | PA      | $258681.89    | 0.03%             | 2032-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1574000 | PA      | $899086.02    | 0.10%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                       | Boeing Co.                                                                    | CUSIP: 097023CR4<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    250000 | PA      | $179614.50    | 0.02%             | 2059-08-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                             | American Express Co.                                                          | CUSIP: 025816EH8<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    130000 | PA      | $137345.49    | 0.02%             | 2036-04-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                                           | Panama Government International Bonds                                         | CUSIP: 698299BH6<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    200000 | PA      | $150234.00    | 0.02%             | 2050-04-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                   | Carnival Corp.                                                                | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    100000 | PA      | $101492.60    | 0.01%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co                                                            | Kraft Heinz Foods Co.                                                         | CUSIP: 50077LAB2<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    220000 | PA      | $183081.31    | 0.02%             | 2046-06-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth Edison Co                                                          | Commonwealth Edison Co.                                                       | CUSIP: 202795JD3<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |    158000 | PA      | $144522.61    | 0.02%             | 2044-01-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                             | Petroleos Mexicanos                                                           | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    440000 | PA      | $445500.00    | 0.05%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TENNESSEE GAS PIPELINE                                                          | Tennessee Gas Pipeline Co. LLC                                                | CUSIP: 880451AZ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     66000 | PA      | $61815.96     | 0.01%             | 2030-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Marriott International Inc/MD                                                   | Marriott International, Inc.                                                  | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      1695 | NS      | $441445.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bills                                                           | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    100000 | PA      | $99673.41     | 0.01%             | 2025-10-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                                                           | Micron Technology, Inc.                                                       | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    249000 | PA      | $266041.12    | 0.03%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                             | Southern California Edison Co.                                                | CUSIP: 842400HV8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     69000 | PA      | $64793.00     | 0.01%             | 2053-03-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Moody's Corp                                                                    | Moody's Corp.                                                                 | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |       738 | NS      | $351642.24    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH INC                                                             | Elevance Health, Inc.                                                         | CUSIP: 036752AX1<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    133000 | PA      | $138328.96    | 0.02%             | 2052-10-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| MID-ATLANTIC INTERSTATE                                                         | Mid-Atlantic Interstate Transmission LLC                                      | CUSIP: 59524QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     28000 | PA      | $27968.92     | 0.00%             | 2028-05-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Casey's General Stores Inc                                                      | Casey's General Stores, Inc.                                                  | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |       529 | NS      | $299054.28    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                                                                  | TD SYNNEX Corp.                                                               | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      4823 | NS      | $789766.25    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5310000 | PA      | $5260633.57   | 0.60%             | 2044-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                            | Edison International                                                          | CUSIP: 281020BB2<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    134000 | PA      | $132729.01    | 0.02%             | 2032-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| ENEL FINANCE INTL NV                                                            | Enel Finance International NV                                                 | CUSIP: 29278GBD9<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    355000 | PA      | $363668.37    | 0.04%             | 2029-06-26      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Carvana Co                                                                      | Carvana Co.                                                                   | CUSIP: 146869102<br>LEI: 5493003WEAK2PJ5WS063 | Long             | EC               | CORP              | US        |       928 | NS      | $350078.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KROGER CO                                                                       | Kroger Co.                                                                    | CUSIP: 501044DX6<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    332000 | PA      | $323843.52    | 0.04%             | 2064-09-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS, Principal Only STRIPS                | CUSIP: 31397AJ95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7149 | PA      | $6128.76      | 0.00%             | 2036-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810RC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1010000 | PA      | $881225.00    | 0.10%             | 2043-08-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Graphic Packaging Holding Co                                                    | Graphic Packaging Holding Co.                                                 | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20087 | NS      | $393102.59    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd                                                                     | Hitachi Ltd.                                                                  | CUSIP: 000000000<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     19300 | NS      | $512891.77    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| PG&E CORP                                                                       | PG&E Corp.                                                                    | CUSIP: 69331CAM0<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |    318000 | PA      | $326697.32    | 0.04%             | 2055-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                    | Broadcom, Inc.                                                                | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    477000 | PA      | $435310.64    | 0.05%             | 2034-04-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| Axalta Coating Systems Ltd                                                      | Axalta Coating Systems Ltd.                                                   | CUSIP: 000000000<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |     13001 | NS      | $372088.62    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX CORP                                                                        | RTX Corp.                                                                     | CUSIP: 75513ECN9<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    494000 | PA      | $436469.23    | 0.05%             | 2032-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                        | EQT Corp.                                                                     | CUSIP: 26884LAX7<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170024.40    | 0.02%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Medtronic PLC                                                                   | Medtronic PLC                                                                 | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      9188 | NS      | $875065.12    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Foundation Finance Trust                                                        | Foundation Finance Trust                                                      | CUSIP: 35040WAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    402033 | PA      | $407213.81    | 0.05%             | 2050-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CLY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3870000 | PA      | $3892826.96   | 0.44%             | 2026-11-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Next PLC                                                                        | Next PLC                                                                      | CUSIP: 000000000<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |      3891 | NS      | $647584.22    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    580000 | PA      | $600072.52    | 0.07%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                             | Southern California Edison Co.                                                | CUSIP: 842400JJ3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    189000 | PA      | $192718.33    | 0.02%             | 2030-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140FXRT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1250996 | PA      | $1093069.95   | 0.12%             | 2060-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140QKF78<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1248656 | PA      | $1111236.47   | 0.13%             | 2051-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | Citigroup, Inc.                                                               | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    510000 | PA      | $517785.71    | 0.06%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS                               | CUSIP: 38375BWC2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        59 | PA      | $58.50        | 0.00%             | 2061-05-20      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                       | ONEOK, Inc.                                                                   | CUSIP: 682680CQ4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     96000 | PA      | $98871.82     | 0.01%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Intel Corp                                                                      | Intel Corp.                                                                   | CUSIP: 458140AP5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    130000 | PA      | $107936.23    | 0.01%             | 2042-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association                                      | CUSIP: 3622ADEV6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1501509 | PA      | $1522887.24   | 0.17%             | 2054-07-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS                                                        | South Bow USA Infrastructure Holdings LLC                                     | CUSIP: 83007CAB8<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    141000 | PA      | $142207.04    | 0.02%             | 2027-09-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                                                | OneMain Financial Issuance Trust                                              | CUSIP: 682696AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    465000 | PA      | $445263.45    | 0.05%             | 2035-09-14      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                                                        | Svenska Handelsbanken AB                                                      | CUSIP: 86959LAP8<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |    480000 | PA      | $497312.34    | 0.06%             | 2028-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WillScot Holdings Corp                                                          | WillScot Holdings Corp.                                                       | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     18162 | NS      | $383399.82    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                                                           | Texas Instruments, Inc.                                                       | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      3587 | NS      | $659039.51    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIR 2024-1 A PTT                                                         | United Airlines Pass-Through Trust                                            | CUSIP: 90932WAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    348553 | PA      | $355559.02    | 0.04%             | 2037-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CME Group Inc                                                                   | CME Group, Inc.                                                               | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |      1985 | NS      | $536327.15    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp                                                            | MGIC Investment Corp.                                                         | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     17510 | NS      | $496758.70    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                                                     | Oracle Corp.                                                                  | CUSIP: 68389XBX2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    321000 | PA      | $225971.01    | 0.03%             | 2050-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                         | Corebridge Global Funding                                                     | CUSIP: 00138CBH0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    205000 | PA      | $205912.64    | 0.02%             | 2032-08-21      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWEE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2903792 | PA      | $2897250.78   | 0.33%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    917000 | PA      | $945702.98    | 0.11%             | 2031-04-23      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                          | Extra Space Storage LP                                                        | CUSIP: 30225VAV9<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |     90000 | PA      | $90530.81     | 0.01%             | 2033-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                           | Mexico Government International Bonds                                         | CUSIP: 91087BAQ3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $161950.00    | 0.02%             | 2041-08-14      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS                               | CUSIP: 38375BEL2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       373 | PA      | $372.92       | 0.00%             | 2060-07-20      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                    | UBS Group AG                                                                  | CUSIP: 225401BP2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $199035.71    | 0.02%             | 2037-03-23      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                         | Bristol-Myers Squibb Co.                                                      | CUSIP: 110122EH7<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     72000 | PA      | $74661.04     | 0.01%             | 2034-02-22      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140QLR40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3250227 | PA      | $2880385.70   | 0.33%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                    | Enbridge, Inc.                                                                | CUSIP: 29250NBS3<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    214000 | PA      | $229870.67    | 0.03%             | 2084-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds, Principal Only STRIPS                                    | CUSIP: 912834JH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2494000 | PA      | $1218735.72   | 0.14%             | 2040-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UDR INC                                                                         | UDR, Inc.                                                                     | CUSIP: 90265EAW0<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    415000 | PA      | $420370.89    | 0.05%             | 2034-09-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                                                              | UBS AG                                                                        | CUSIP: 22550L2M2<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |    825000 | PA      | $888238.99    | 0.10%             | 2028-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                                                | NTT Finance Corp.                                                             | CUSIP: 62954WAV7<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $206877.58    | 0.02%             | 2035-07-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO G & E                                                                 | San Diego Gas & Electric Co.                                                  | CUSIP: 797440BQ6<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |     37000 | PA      | $31790.62     | 0.00%             | 2042-04-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Wachovia Bank Commercial Mortgage Trust                                         | Wachovia Bank Commercial Mortgage Trust, Interest Only STRIPS                 | CUSIP: 92976BGA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1690 | PA      | $0.02         | 0.00%             | 2045-03-15      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| CODELCO INC                                                                     | Corp. Nacional del Cobre de Chile                                             | CUSIP: 21987BBM9<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |    280000 | PA      | $300384.00    | 0.03%             | 2055-01-13      | Fixed         | 6.78%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                                                    | WP Carey, Inc.                                                                | CUSIP: 92936UAJ8<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    283000 | PA      | $248275.39    | 0.03%             | 2032-02-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                           | Uber Technologies, Inc.                                                       | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    380000 | PA      | $378922.05    | 0.04%             | 2029-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                                        | Venture Global Calcasieu Pass LLC                                             | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    437000 | PA      | $418792.63    | 0.05%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                                                         | KeyCorp                                                                       | CUSIP: 49326EEN9<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    469000 | PA      | $467412.93    | 0.05%             | 2033-06-01      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                               | State Street Corp.                                                            | CUSIP: 857477CM3<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    432000 | PA      | $451063.30    | 0.05%             | 2029-09-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810QK7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1225000 | PA      | $1141881.84   | 0.13%             | 2040-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co                                                   | Hewlett Packard Enterprise Co.                                                | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |     27385 | NS      | $672575.60    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 95000U3A9<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    376000 | PA      | $380438.06    | 0.04%             | 2028-07-25      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Southern Co/The                                                                 | Southern Co.                                                                  | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |     16566 | NS      | $1569959.82   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                                                   | Citigroup, Inc.                                                               | CUSIP: 17327CAV5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    315000 | PA      | $323507.21    | 0.04%             | 2030-02-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association                                      | CUSIP: 36179XNB8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2508866 | PA      | $2244844.01   | 0.25%             | 2052-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                             | Elevance Health, Inc.                                                         | CUSIP: 036752AL7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    160000 | PA      | $151944.14    | 0.02%             | 2029-09-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent                                                           | American Homes 4 Rent                                                         | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               |  | US        |     13523 | NS      | $449639.75    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                                                       | Amgen, Inc.                                                                   | CUSIP: 031162DF4<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    369000 | PA      | $295603.87    | 0.03%             | 2052-02-22      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWDJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7723072 | PA      | $6538578.35   | 0.74%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association                                      | CUSIP: 36179XLJ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3693770 | PA      | $3731127.62   | 0.42%             | 2052-11-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC                                                              | Vodafone Group PLC                                                            | CUSIP: 92857WCA6<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    116000 | PA      | $114204.38    | 0.01%             | 2054-06-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140QNS29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4619330 | PA      | $4100276.47   | 0.46%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                                                    | AES Corp.                                                                     | CUSIP: 00130HCH6<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    317000 | PA      | $324672.43    | 0.04%             | 2028-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                                         | Pfizer Investment Enterprises Pte. Ltd.                                       | CUSIP: 716973AH5<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    328000 | PA      | $311321.33    | 0.04%             | 2063-05-19      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Baker Hughes Co                                                                 | Baker Hughes Co.                                                              | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22895 | NS      | $1115444.40   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BPCE SA                                                                         | BPCE SA                                                                       | CUSIP: 05571AAZ8<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    250000 | PA      | $261094.63    | 0.03%             | 2031-01-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                       | Amgen, Inc.                                                                   | CUSIP: 031162DK3<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    165000 | PA      | $147152.89    | 0.02%             | 2053-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NXP Semiconductors NV                                                           | NXP Semiconductors NV                                                         | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |      1637 | NS      | $372794.01    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                                                        | JBS USA Holding Lux SARL/JBS USA Food Co./JBS Lux Co. SARL                    | CUSIP: 46590XAU0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    200000 | PA      | $186432.67    | 0.02%             | 2032-01-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| CBRE Group Inc                                                                  | CBRE Group, Inc.                                                              | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      2629 | NS      | $414225.24    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| KGS-Alpha SBA COOF Trust                                                        | KGS-Alpha SBA COOF Trust, Interest Only STRIPS                                | CUSIP: 48248XAA6<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |     90310 | PA      | $2380.26      | 0.00%             | 2039-03-25      | Variable      | 1.71%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO G & E                                                                 | San Diego Gas & Electric Co.                                                  | CUSIP: 797440CG7<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |    410000 | PA      | $423413.80    | 0.05%             | 2035-04-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Raymond James Financial Inc                                                     | Raymond James Financial, Inc.                                                 | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      1190 | NS      | $205394.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| 3i Group PLC                                                                    | 3i Group PLC                                                                  | CUSIP: 000000000<br>LEI: 35GDVHRBMFE7NWATNM84 | Long             | EC               | CORP              | GB        |     21055 | NS      | $1157876.34   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CCH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3305000 | PA      | $3101148.62   | 0.35%             | 2028-06-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Manulife Financial Corp                                                         | Manulife Financial Corp.                                                      | CUSIP: 56501RAE6<br>LEI: 5493007GBX87QOZACS27 | Long             | DBT              | CORP              | CA        |    169000 | PA      | $167803.19    | 0.02%             | 2032-02-24      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL                                                         | Southern Co. Gas Capital Corp.                                                | CUSIP: 8426EPAE8<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    282000 | PA      | $184020.93    | 0.02%             | 2051-09-30      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                            | M&T Bank Corp.                                                                | CUSIP: 55261FAT1<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    420000 | PA      | $446305.51    | 0.05%             | 2032-03-13      | Fixed         | 6.08%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co/The                                                         | Procter & Gamble Co.                                                          | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      2831 | NS      | $434983.15    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                                                      | U.S. Bancorp                                                                  | CUSIP: 91159HJR2<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    178000 | PA      | $187414.68    | 0.02%             | 2035-01-23      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| TotalEnergies SE                                                                | TotalEnergies SE                                                              | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |      9205 | NS      | $559053.16    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWG98<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6729213 | PA      | $6812648.95   | 0.77%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                                                | Berry Global, Inc.                                                            | CUSIP: 08576BAB8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    279000 | PA      | $294984.62    | 0.03%             | 2031-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                          | Pacific Gas & Electric Co.                                                    | CUSIP: 694308JT5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    415000 | PA      | $381610.88    | 0.04%             | 2031-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ESSEX PORTFOLIO LP                                                              | Essex Portfolio LP                                                            | CUSIP: 29717PAY3<br>LEI: 5493003GN3O58H286O74 | Long             | DBT              |  | US        |    299000 | PA      | $282080.26    | 0.03%             | 2028-03-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Rayonier Inc                                                                    | Rayonier, Inc.                                                                | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               |  | US        |      9694 | NS      | $257278.76    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                                                | Novo Nordisk AS                                                               | CUSIP: 000000000<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     15644 | NS      | $848012.30    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                                                        | Sabine Pass Liquefaction LLC                                                  | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    329000 | PA      | $328647.26    | 0.04%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Ventas Realty LP                                                                | Ventas Realty LP                                                              | CUSIP: 92277GAM9<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              |  | US        |     56000 | PA      | $55743.28     | 0.01%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                          | Sempra                                                                        | CUSIP: 816851BS7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    116000 | PA      | $120195.73    | 0.01%             | 2054-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| State Street Corp                                                               | State Street Corp.                                                            | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      6907 | NS      | $801281.07    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 95000U2S1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    403000 | PA      | $391758.42    | 0.04%             | 2028-06-02      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CORP                                                               | ITC Holdings Corp.                                                            | CUSIP: 465685AT2<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |    412000 | PA      | $428970.51    | 0.05%             | 2034-05-09      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                                               | Credit Acceptance Auto Loan Trust                                             | CUSIP: 22536KAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    760000 | PA      | $775668.92    | 0.09%             | 2035-07-16      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| BJ's Wholesale Club Holdings Inc                                                | BJ's Wholesale Club Holdings, Inc.                                            | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      3567 | NS      | $332622.75    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RFC PRINCIPAL STRIP                                                             | Resolution Funding Corp., Principal Only STRIPS                               | CUSIP: 76116FAC1<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    400000 | PA      | $334689.52    | 0.04%             | 2030-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| OCCIDENTAL PETROLEUM COR                                                        | Occidental Petroleum Corp.                                                    | CUSIP: 674599CF0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    164000 | PA      | $129361.00    | 0.01%             | 2045-06-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XF7L9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    564141 | PA      | $499947.36    | 0.06%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                               | NatWest Group PLC                                                             | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |     96155 | NS      | $674526.90    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Medibank Pvt Ltd                                                                | Medibank Pvt Ltd.                                                             | CUSIP: 000000000<br>LEI: BDYVSUPTML83OLINBJ17 | Long             | EC               | CORP              | AU        |    119137 | NS      | $379974.80    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS Health Corp.                                                              | CUSIP: 126650DK3<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    145000 | PA      | $123171.06    | 0.01%             | 2040-04-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                      | U.S. Bancorp                                                                  | CUSIP: 91159HJV3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    210000 | PA      | $215948.61    | 0.02%             | 2031-05-15      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Lowe's Cos Inc                                                                  | Lowe's Cos., Inc.                                                             | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      7950 | NS      | $1997914.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                          | Pacific Gas & Electric Co.                                                    | CUSIP: 694308JM0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    206830 | PA      | $205393.33    | 0.02%             | 2030-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                | T-Mobile USA, Inc.                                                            | CUSIP: 87264ABS3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    597000 | PA      | $566594.66    | 0.06%             | 2029-02-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                                        | Santander U.K. Group Holdings PLC                                             | CUSIP: 80281LAU9<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    602000 | PA      | $608841.53    | 0.07%             | 2030-09-11      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140QNPA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1649167 | PA      | $1466954.88   | 0.17%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                          | Verizon Communications, Inc.                                                  | CUSIP: 92343VHA5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1306000 | PA      | $1326843.88   | 0.15%             | 2037-07-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| RELX PLC                                                                        | RELX PLC                                                                      | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |      7764 | NS      | $371414.81    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                                           | Huntington Bancshares, Inc.                                                   | CUSIP: 446150BD5<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    264000 | PA      | $275160.56    | 0.03%             | 2035-02-02      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association                                      | CUSIP: 3618N5GJ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1577260 | PA      | $1412083.83   | 0.16%             | 2055-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418EM23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3045846 | PA      | $3133163.66   | 0.35%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EUSHI FINANCE INC                                                               | EUSHI Finance, Inc.                                                           | CUSIP: 29882DAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    212000 | PA      | $210733.53    | 0.02%             | 2056-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    169000 | PA      | $176409.66    | 0.02%             | 2036-01-28      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS, Principal Only STRIPS                | CUSIP: 31398QCA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8096 | PA      | $6854.43      | 0.00%             | 2036-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corp                                                             | Sprint Capital Corp.                                                          | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    327000 | PA      | $351736.99    | 0.04%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ERP OPERATING LP                                                                | ERP Operating LP                                                              | CUSIP: 26884ABQ5<br>LEI: DX5HQV5MLU50FEWZ5072 | Long             | DBT              |  | US        |    160000 | PA      | $163997.11    | 0.02%             | 2032-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Kao Corp                                                                        | Kao Corp.                                                                     | CUSIP: 000000000<br>LEI: 353800HM38HFCB8RGL63 | Long             | EC               | CORP              | JP        |     15400 | NS      | $671774.69    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CDW Corp/DE                                                                     | CDW Corp.                                                                     | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |      1026 | NS      | $163421.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY BANK NA                                                          | Morgan Stanley Bank NA                                                        | CUSIP: 61690U8B9<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    815000 | PA      | $832962.30    | 0.09%             | 2028-05-26      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                                                         | Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.                  | CUSIP: 03522AAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    393000 | PA      | $388009.88    | 0.04%             | 2036-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                                        | Prudential Financial, Inc.                                                    | CUSIP: 744320BP6<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |    184000 | PA      | $196898.95    | 0.02%             | 2054-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                              | Expand Energy Corp.                                                           | CUSIP: 845467AS8<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    581000 | PA      | $590766.08    | 0.07%             | 2030-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 949746TD3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    221000 | PA      | $218853.76    | 0.02%             | 2026-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| BG ENERGY CAPITAL PLC                                                           | BG Energy Capital PLC                                                         | CUSIP: 05541VAF3<br>LEI: S2M8QDKEE05NZN8JD460 | Long             | DBT              | CORP              | GB        |    210000 | PA      | $202941.39    | 0.02%             | 2041-10-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                              | Credit Agricole SA                                                            | CUSIP: 22535WAP2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    455000 | PA      | $463728.69    | 0.05%             | 2029-01-09      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                         | Bristol-Myers Squibb Co.                                                      | CUSIP: 110122EL8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    268000 | PA      | $265782.29    | 0.03%             | 2064-02-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CNE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $301042.97    | 0.03%             | 2027-05-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                              | Meta Platforms, Inc.                                                          | CUSIP: 30303M8J4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    359000 | PA      | $308263.80    | 0.03%             | 2052-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                                                  | Microsoft Corp.                                                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     20298 | NS      | $10513349.10  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SANTOS FINANCE LTD                                                              | Santos Finance Ltd.                                                           | CUSIP: 803014AA7<br>LEI: 213800BKUBSWG53XNS94 | Long             | DBT              | CORP              | AU        |    319000 | PA      | $297770.90    | 0.03%             | 2031-04-29      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                         | HCA, Inc.                                                                     | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    363000 | PA      | $371764.12    | 0.04%             | 2028-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                                                           | Bank of Ireland Group PLC                                                     | CUSIP: 06279JAD1<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |    435000 | PA      | $451118.62    | 0.05%             | 2030-03-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: —       |
| BANK OF AMERICA CORP                                                            | Bank of America Corp.                                                         | CUSIP: 06051GLS6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1339000 | PA      | $1400185.98   | 0.16%             | 2029-09-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| KGS-Alpha SBA COOF Trust                                                        | KGS-Alpha SBA COOF Trust, Interest Only STRIPS                                | CUSIP: 48247KAA5<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |     97750 | PA      | $1708.29      | 0.00%             | 2038-08-25      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| Align Technology Inc                                                            | Align Technology, Inc.                                                        | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      1917 | NS      | $240046.74    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK LIFE INSURANCE                                                         | New York Life Insurance Co.                                                   | CUSIP: 64952GAT5<br>LEI: TAE73CY392TBWJ3O3305 | Long             | DBT              | CORP              | US        |     72000 | PA      | $54363.64     | 0.01%             | 2050-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                                 | Cigna Group                                                                   | CUSIP: 125523CX6<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    220000 | PA      | $220648.43    | 0.02%             | 2030-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Industria de Diseno Textil SA                                                   | Industria de Diseno Textil SA                                                 | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |      7325 | NS      | $403938.29    | 0.05%             |  |  |  | No            |                  2 | On Loan: —       |
| United States Treasury                                                          | U.S. Treasury Inflation-Protected Indexed Bonds                               | CUSIP: 912810PZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     75228 | PA      | $78600.80     | 0.01%             | 2029-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Entergy Arkansas LLC                                                            | Entergy Arkansas LLC                                                          | CUSIP: 29364DAT7<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |     51000 | PA      | $46707.98     | 0.01%             | 2044-12-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWHH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     75213 | PA      | $77136.54     | 0.01%             | 2053-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140MMBH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1666557 | PA      | $1523179.10   | 0.17%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Southern Power Co                                                               | Southern Power Co.                                                            | CUSIP: 843646AJ9<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    314000 | PA      | $301552.15    | 0.03%             | 2043-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                          | PNC Financial Services Group, Inc.                                            | CUSIP: 693475CA1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    324000 | PA      | $328457.00    | 0.04%             | 2032-10-21      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| American Tower Corp                                                             | American Tower Corp.                                                          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |      4409 | NS      | $847938.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418AHQ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39210 | PA      | $38625.30     | 0.00%             | 2032-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC                                                           | Accenture Capital, Inc.                                                       | CUSIP: 00440KAC7<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |    224000 | PA      | $223665.60    | 0.03%             | 2031-10-04      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Comfort Systems USA Inc                                                         | Comfort Systems USA, Inc.                                                     | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       329 | NS      | $271484.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp of America                                                       | Packaging Corp. of America                                                    | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      1454 | NS      | $316870.22    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA INC                                                                         | HCA, Inc.                                                                     | CUSIP: 404119CL1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    124000 | PA      | $102392.90    | 0.01%             | 2052-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| IQVIA Holdings Inc                                                              | IQVIA Holdings, Inc.                                                          | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |       806 | NS      | $153091.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                         | Bristol-Myers Squibb Co.                                                      | CUSIP: 110122DR6<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |     51000 | PA      | $35791.70     | 0.00%             | 2040-11-13      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Intel Corp                                                                      | Intel Corp.                                                                   | CUSIP: 458140BG4<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     65000 | PA      | $48009.96     | 0.01%             | 2047-12-08      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                                                   | Intercontinental Exchange, Inc.                                               | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      1142 | NS      | $192404.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                                                        | Banco Bilbao Vizcaya Argentaria SA                                            | CUSIP: 05946KAQ4<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $413218.01    | 0.05%             | 2029-03-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                                                         | National Australia Bank Ltd.                                                  | CUSIP: 632525AU5<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |    415000 | PA      | $373542.48    | 0.04%             | 2030-08-21      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                                                          | Lendmark Funding Trust                                                        | CUSIP: 52604QAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    230000 | PA      | $234339.11    | 0.03%             | 2034-09-20      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                               | NatWest Group PLC                                                             | CUSIP: 639057AQ1<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $225151.00    | 0.03%             | 2033-11-10      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810SX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1930000 | PA      | $1241683.60   | 0.14%             | 2051-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                                           | Foundry JV Holdco LLC                                                         | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207534.13    | 0.02%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOF                                                        | Take-Two Interactive Software, Inc.                                           | CUSIP: 874054AK5<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |     54000 | PA      | $54973.61     | 0.01%             | 2028-03-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                                                                     | Ameren Corp.                                                                  | CUSIP: 023608AR3<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    545000 | PA      | $559568.89    | 0.06%             | 2035-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | Bank of America Corp.                                                         | CUSIP: 06051GHX0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1159000 | PA      | $1100036.42   | 0.12%             | 2030-10-22      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                            | Enel Finance International NV                                                 | CUSIP: 29278GAP3<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    490000 | PA      | $437514.03    | 0.05%             | 2031-07-12      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                     | BNP Paribas SA                                                                | CUSIP: 09659W3C6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    305000 | PA      | $307840.52    | 0.03%             | 2029-05-09      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | Energy Transfer LP                                                            | CUSIP: 29273VBE9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    187000 | PA      | $193092.36    | 0.02%             | 2035-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                                                           | TransCanada PipeLines Ltd.                                                    | CUSIP: 893526DJ9<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |     78000 | PA      | $82520.28     | 0.01%             | 2040-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                              | Credit Agricole SA                                                            | CUSIP: 22535WAS6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |    320000 | PA      | $318033.24    | 0.04%             | 2033-09-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                  | NRG Energy, Inc.                                                              | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    175000 | PA      | $175595.18    | 0.02%             | 2035-10-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                            | Enel Finance International NV                                                 | CUSIP: 29278GAF5<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $196354.16    | 0.02%             | 2028-04-06      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                     | Future                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |       134 | NC      | $60586.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS, Principal Only STRIPS           | CUSIP: 31395BTU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5332 | PA      | $4575.25      | 0.00%             | 2036-03-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Trane Technologies PLC                                                          | Trane Technologies PLC                                                        | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |      3089 | NS      | $1303434.44   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| WP CAREY INC                                                                    | WP Carey, Inc.                                                                | CUSIP: 92936UAG4<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |    403000 | PA      | $361323.08    | 0.04%             | 2031-02-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Constellation Brands Inc                                                        | Constellation Brands, Inc.                                                    | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      1712 | NS      | $230555.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH INC                                                             | Cardinal Health, Inc.                                                         | CUSIP: 14149YBT4<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95278.65     | 0.01%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                                                           | Stellantis Finance U.S., Inc.                                                 | CUSIP: 85855CAK6<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233945.53    | 0.03%             | 2030-03-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4859000 | PA      | $4485084.79   | 0.51%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                                                     | NVIDIA Corp.                                                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     65511 | NS      | $12223042.38  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                                                                 | Best Buy Co., Inc.                                                            | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |      3690 | NS      | $279037.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                                                    | Chevron Corp.                                                                 | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4558 | NS      | $707811.82    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Time Warner Cable LLC                                                           | Time Warner Cable LLC                                                         | CUSIP: 88732JBB3<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    275000 | PA      | $252021.52    | 0.03%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                                                        | Cheniere Energy Partners LP                                                   | CUSIP: 16411QAN1<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    404000 | PA      | $368048.81    | 0.04%             | 2032-01-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS, Principal Only STRIPS                | CUSIP: 31398LYU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8715 | PA      | $7298.48      | 0.00%             | 2040-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                                                        | Canadian Pacific Railway Co.                                                  | CUSIP: 13645RBH6<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    536000 | PA      | $362422.65    | 0.04%             | 2051-12-02      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                | T-Mobile USA, Inc.                                                            | CUSIP: 87264ADS1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    319000 | PA      | $328301.29    | 0.04%             | 2032-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    480000 | PA      | $495431.88    | 0.06%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software Inc                                               | Take-Two Interactive Software, Inc.                                           | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      2312 | NS      | $597328.32    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL                                                         | Southern Co. Gas Capital Corp.                                                | CUSIP: 8426EPAD0<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    121000 | PA      | $105793.73    | 0.01%             | 2031-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Entergy Corp                                                                    | Entergy Corp.                                                                 | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |      2334 | NS      | $217505.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                                                        | JBS USA Holding Lux SARL/JBS USA Food Co./JBS Lux Co. SARL                    | CUSIP: 46590XAP1<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    120000 | PA      | $107360.89    | 0.01%             | 2032-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                                | Societe Generale SA                                                           | CUSIP: 83368RCG5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $205731.59    | 0.02%             | 2031-05-22      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                          | Diamondback Energy, Inc.                                                      | CUSIP: 25278XBA6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    115000 | PA      | $110697.99    | 0.01%             | 2054-04-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KBC GROUP NV                                                                    | KBC Group NV                                                                  | CUSIP: 48241FAE4<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |    250000 | PA      | $248676.09    | 0.03%             | 2031-09-23      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                         | MPLX LP                                                                       | CUSIP: 55336VBZ2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    236000 | PA      | $230711.01    | 0.03%             | 2055-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Novo Nordisk A/S                                                                | Novo Nordisk AS                                                               | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |      5201 | NS      | $288603.49    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                        | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175CD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     74000 | PA      | $68823.00     | 0.01%             | 2029-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association                                      | CUSIP: 3622ADJN9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1879029 | PA      | $1906329.90   | 0.22%             | 2054-09-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 95000U4B6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    450000 | PA      | $449100.56    | 0.05%             | 2036-09-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| GE CAPITAL FUNDING LLC                                                          | GE Capital Funding LLC                                                        | CUSIP: 36166NAK9<br>LEI: 549300XAGH9TOLX5XM67 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202149.53    | 0.02%             | 2032-05-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                                                                    | Alphabet, Inc.                                                                | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     10396 | NS      | $2531945.80   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                        | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175CS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30286.57     | 0.00%             | 2035-12-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | Bank of America Corp.                                                         | CUSIP: 06051GJF7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    228000 | PA      | $203652.09    | 0.02%             | 2031-07-23      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                                                             | Future                                                                        | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |       197 | NC      | $-29776.97    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association                                      | CUSIP: 36179XFJ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2087211 | PA      | $2088711.36   | 0.24%             | 2052-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS, Principal Only STRIPS                | CUSIP: 31396JLG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2298 | PA      | $2006.65      | 0.00%             | 2036-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | Oracle Corp.                                                                  | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    150000 | PA      | $137793.17    | 0.02%             | 2054-09-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Cigna Group/The                                                                 | Cigna Group                                                                   | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      2259 | NS      | $651156.75    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SREIT Trust                                                                     | SREIT Trust                                                                   | CUSIP: 78472UAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    738181 | PA      | $737488.49    | 0.08%             | 2038-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                                          | Marvell Technology, Inc.                                                      | CUSIP: 573874AJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    348000 | PA      | $321393.99    | 0.04%             | 2031-04-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Cie Financiere Richemont SA                                                     | Cie Financiere Richemont SA                                                   | CUSIP: 000000000<br>LEI: 549300YIPGJ6UX2QPS51 | Long             | EC               | CORP              | CH        |      3149 | NS      | $599696.50    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                          | General Motors Financial Co., Inc.                                            | CUSIP: 37045XEP7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    144000 | PA      | $151386.46    | 0.02%             | 2034-01-07      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 61747YGA7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    693000 | PA      | $731156.68    | 0.08%             | 2036-04-17      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| M&T Bank Corp                                                                   | M&T Bank Corp.                                                                | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      5372 | NS      | $1061614.64   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp                                                                      | Eaton Corp.                                                                   | CUSIP: 278062AE4<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |    315000 | PA      | $278371.52    | 0.03%             | 2042-11-02      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                                | Deutsche Bank AG                                                              | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    460000 | PA      | $449936.29    | 0.05%             | 2027-11-16      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS, Principal Only STRIPS           | CUSIP: 31398NR22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     46293 | PA      | $39086.43     | 0.00%             | 2040-10-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3138X0AZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    213306 | PA      | $201337.32    | 0.02%             | 2043-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ING GROEP NV                                                                    | ING Groep NV                                                                  | CUSIP: 456837BP7<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |    515000 | PA      | $517552.10    | 0.06%             | 2029-03-25      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Lamar Advertising Co                                                            | Lamar Advertising Co.                                                         | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               |  | US        |      2298 | NS      | $281321.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                                                                | W.R. Berkley Corp.                                                            | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |      3127 | NS      | $239590.74    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVANCE HEALTH INC                                                             | Elevance Health, Inc.                                                         | CUSIP: 94973VBB2<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |     86000 | PA      | $77159.96     | 0.01%             | 2043-01-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140QMCK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6702238 | PA      | $5939623.88   | 0.67%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                                                 | CVS Health Corp.                                                              | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      4780 | NS      | $360364.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| IHI Corp                                                                        | IHI Corp.                                                                     | CUSIP: 000000000<br>LEI: 549300ETQIESIUQ2OE26 | Long             | EC               | CORP              | JP        |     38500 | NS      | $718531.29    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                                                        | Burlington Northern Santa Fe LLC                                              | CUSIP: 12189LAW1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     46000 | PA      | $39251.29     | 0.00%             | 2045-04-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| P4 SFR HOLDCO LLC                                                               | P4 SFR Holdco LLC                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    770392 | PA      | $758990.20    | 0.09%             | 2026-10-11      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                                                          | Future                                                                        | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |       -65 | NC      | $-40103.05    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HCA Inc                                                                         | HCA, Inc.                                                                     | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    220000 | PA      | $227003.12    | 0.03%             | 2028-09-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Walt Disney Co/The                                                              | Walt Disney Co.                                                               | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     21057 | NS      | $2411026.50   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                          | Roper Technologies, Inc.                                                      | CUSIP: 776696AG1<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    166000 | PA      | $167580.75    | 0.02%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Telstra Group Ltd                                                               | Telstra Group Ltd.                                                            | CUSIP: 000000000<br>LEI: 894500WRW54CVN62K416 | Long             | EC               | CORP              | AU        |    159452 | NS      | $508555.21    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Linde PLC                                                                       | Linde PLC                                                                     | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      1515 | NS      | $719625.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS                                  | CUSIP: 3136BRQC4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1102281 | PA      | $1127157.54   | 0.13%             | 2046-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                              | Expand Energy Corp.                                                           | CUSIP: 845467AT6<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    487000 | PA      | $478611.37    | 0.05%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds, Principal Only STRIPS                                    | CUSIP: 9128337Q7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4980000 | PA      | $3910225.23   | 0.44%             | 2031-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ELECTRONIC ARTS INC                                                             | Electronic Arts, Inc.                                                         | CUSIP: 285512AF6<br>LEI: 549300O7A67PUEYKDL45 | Long             | DBT              | CORP              | US        |    131000 | PA      | $113607.57    | 0.01%             | 2051-02-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                                                           | Stellantis Finance U.S., Inc.                                                 | CUSIP: 85855CAL4<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |    875000 | PA      | $896934.05    | 0.10%             | 2035-03-18      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Garmin Ltd                                                                      | Garmin Ltd.                                                                   | CUSIP: 000000000<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |      1274 | NS      | $313684.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES INC                                                             | Quanta Services, Inc.                                                         | CUSIP: 74762EAP7<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |    260000 | PA      | $260667.86    | 0.03%             | 2035-08-09      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                    | UBS Group AG                                                                  | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $238173.40    | 0.03%             | 2033-11-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Quanta Services Inc                                                             | Quanta Services, Inc.                                                         | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |      1661 | NS      | $688351.62    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                                                        | AT&T, Inc.                                                                    | CUSIP: 00206RNC2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    260000 | PA      | $257970.10    | 0.03%             | 2035-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31371NNB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8538 | PA      | $8771.14      | 0.00%             | 2037-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos Inc                                                        | Marsh & McLennan Cos., Inc.                                                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      1004 | NS      | $202336.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fanniemae Strip                                                                 | Federal National Mortgage Association Interest, Principal Only STRIPS         | CUSIP: 3136FAQR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5297 | PA      | $4896.00      | 0.00%             | 2032-08-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY INDIANA LLC                                                         | Duke Energy Indiana LLC                                                       | CUSIP: 26443TAC0<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |    181000 | PA      | $114968.30    | 0.01%             | 2050-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SIERRA PACIFIC POWER CO                                                         | Sierra Pacific Power Co.                                                      | CUSIP: 826418BR5<br>LEI: QB888G5GSVGE1LD1WV84 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155137.80    | 0.02%             | 2055-12-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                           | Mexico Government International Bonds                                         | CUSIP: 91087BAG5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    265000 | PA      | $203983.75    | 0.02%             | 2050-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                                                   | UniCredit SpA                                                                 | CUSIP: 904678AY5<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |    200000 | PA      | $184287.19    | 0.02%             | 2032-06-03      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Compass Group PLC                                                               | Compass Group PLC                                                             | CUSIP: 000000000<br>LEI: 2138008M6MH9OZ6U2T68 | Long             | EC               | CORP              | GB        |     17149 | NS      | $583280.49    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CoreVest American Finance Ltd                                                   | CoreVest American Finance Ltd.                                                | CUSIP: 21872NAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75944 | PA      | $75654.57     | 0.01%             | 2052-10-15      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co/The                                                                | Coca-Cola Co.                                                                 | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     18857 | NS      | $1250596.24   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                          | Pacific Gas & Electric Co.                                                    | CUSIP: 694308HD2<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    333000 | PA      | $280308.20    | 0.03%             | 2043-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS                                  | CUSIP: 3136BPNB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    440317 | PA      | $449895.09    | 0.05%             | 2033-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GoDaddy Inc                                                                     | GoDaddy, Inc.                                                                 | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |       985 | NS      | $134777.55    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INC                                                           | Quest Diagnostics, Inc.                                                       | CUSIP: 74834LBE9<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75932.80     | 0.01%             | 2027-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                          | Future                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       -35 | NC      | $-82156.15    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                                                             | Fifth Third Bancorp                                                           | CUSIP: 316773DF4<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    190000 | PA      | $185176.13    | 0.02%             | 2033-04-25      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| NY & PRESBYTERIAN HOSPIT                                                        | New York & Presbyterian Hospital                                              | CUSIP: 649322AH7<br>LEI: 19EOSPKL8HML7MY3UE63 | Long             | DBT              | CORP              | US        |    234000 | PA      | $163698.80    | 0.02%             | 2040-08-01      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                        | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175BZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    417000 | PA      | $304244.73    | 0.03%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE                                                        | Northwestern Mutual Life Insurance Co.                                        | CUSIP: 668138AA8<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |    224000 | PA      | $173914.37    | 0.02%             | 2047-09-30      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3142GSFK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2884228 | PA      | $2968062.56   | 0.34%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Storage                                                                  | Public Storage                                                                | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               |  | US        |      1327 | NS      | $383303.95    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                                                   | Citigroup, Inc.                                                               | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    257000 | PA      | $259608.00    | 0.03%             | 2036-09-11      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| NRZ Excess Spread Collateralized Notes                                          | NRZ Excess Spread-Collateralized Notes                                        | CUSIP: 62955MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    702086 | PA      | $690854.47    | 0.08%             | 2026-07-25      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                          | Federal Home Loan Banks                                                       | CUSIP: 3130AL5Y6<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   3000000 | PA      | $2342418.24   | 0.27%             | 2036-02-11      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CDG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9675000 | PA      | $9410827.12   | 1.07%             | 2026-10-31      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| NiSource Inc                                                                    | NiSource, Inc.                                                                | CUSIP: 65473QAZ6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |     36000 | PA      | $36656.37     | 0.00%             | 2042-02-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                                    | Synopsys, Inc.                                                                | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    160000 | PA      | $161476.93    | 0.02%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS, Interest Only STRIPS         | CUSIP: 38377WFA7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     26534 | PA      | $1752.87      | 0.00%             | 2041-05-20      | Floating      | 2.35%                 | No            |                  2 | On Loan: No      |
| JAPAN TOBACCO INC                                                               | Japan Tobacco, Inc.                                                           | CUSIP: 471105AE6<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | DBT              | CORP              | JP        |    340000 | PA      | $362048.57    | 0.04%             | 2035-06-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| TransUnion                                                                      | TransUnion                                                                    | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |      3603 | NS      | $301859.34    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OHIOHEALTH CORP                                                                 | OhioHealth Corp.                                                              | CUSIP: 67777JAL2<br>LEI: JGYGIL4QGKKPZU7C1D18 | Long             | DBT              | CORP              | US        |    333000 | PA      | $296966.12    | 0.03%             | 2031-11-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                                                         | Nationwide Building Society                                                   | CUSIP: 63861VAK3<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |    520000 | PA      | $535651.92    | 0.06%             | 2029-07-29      | Fixed         | 5.13%                 | No            |                  2 | On Loan: —       |
| LEIDOS INC                                                                      | Leidos, Inc.                                                                  | CUSIP: 52532XAH8<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |    655000 | PA      | $584456.20    | 0.07%             | 2031-02-15      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 31295NJF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5135 | PA      | $5227.76      | 0.00%             | 2031-12-01      | Floating      | 6.55%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp                                                                | Exxon Mobil Corp.                                                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     14344 | NS      | $1617286.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                                            | Bank of America Corp.                                                         | CUSIP: 06051GGF0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1561000 | PA      | $1553739.20   | 0.18%             | 2028-01-20      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                        | AT&T, Inc.                                                                    | CUSIP: 00206RNE8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    140000 | PA      | $138371.13    | 0.02%             | 2054-11-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2480000 | PA      | $2503928.13   | 0.28%             | 2027-09-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                                                  | Lowe's Cos., Inc.                                                             | CUSIP: 548661EE3<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    670000 | PA      | $485129.08    | 0.05%             | 2041-09-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS, Principal Only STRIPS                | CUSIP: 31398LQT8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9538 | PA      | $7965.24      | 0.00%             | 2037-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                        | Rogers Communications, Inc.                                                   | CUSIP: 775109CH2<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    589000 | PA      | $556391.35    | 0.06%             | 2032-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                          | Pacific Gas & Electric Co.                                                    | CUSIP: 694308KL0<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    136000 | PA      | $142270.57    | 0.02%             | 2029-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                                                          | NextEra Energy Capital Holdings, Inc.                                         | CUSIP: 65339KDM9<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82446.94     | 0.01%             | 2055-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Kingspan Group PLC                                                              | Kingspan Group PLC                                                            | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |      3886 | NS      | $323015.15    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Liquide SA                                                                  | Air Liquide SA                                                                | CUSIP: 000000000<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |      3969 | NS      | $824133.48    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    487000 | PA      | $504703.36    | 0.06%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 9128284N7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    355000 | PA      | $348357.62    | 0.04%             | 2028-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                            | Bank of America Corp.                                                         | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1127000 | PA      | $1109805.53   | 0.13%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Nestle SA                                                                       | Nestle SA                                                                     | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     10387 | NS      | $953430.17    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                                                                | Ventas Realty LP                                                              | CUSIP: 92277GAU1<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              |  | US        |    595000 | PA      | $563266.49    | 0.06%             | 2030-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                          | Future                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DE               |  | US        |      -124 | NC      | $46462.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS COMPANIES INC                                                          | Williams Cos., Inc.                                                           | CUSIP: 969457CL2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    413000 | PA      | $420374.16    | 0.05%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                        | Ford Motor Credit Co. LLC                                                     | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203425.41    | 0.02%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133KMLZ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1972831 | PA      | $1676804.98   | 0.19%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                                                                     | Ovintiv, Inc.                                                                 | CUSIP: 69047QAC6<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    162000 | PA      | $170880.43    | 0.02%             | 2033-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                                                          | Future                                                                        | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        36 | NC      | $42534.08     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810SD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    220000 | PA      | $165412.50    | 0.02%             | 2048-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                      | AbbVie, Inc.                                                                  | CUSIP: 00287YCZ0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    442000 | PA      | $409488.71    | 0.05%             | 2042-10-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts Inc                                                       | Host Hotels & Resorts, Inc.                                                   | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               |  | US        |     20544 | NS      | $349658.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp                                                                    | Keyence Corp.                                                                 | CUSIP: 000000000<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |      3000 | NS      | $1119383.30   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                                                              | Aqua Finance Issuer Trust                                                     | CUSIP: 03837GAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    314330 | PA      | $316103.17    | 0.04%             | 2051-05-17      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Eagle Materials Inc                                                             | Eagle Materials, Inc.                                                         | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      1033 | NS      | $240730.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31417GGE0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     99171 | PA      | $93604.09     | 0.01%             | 2043-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                        | AT&T, Inc.                                                                    | CUSIP: 00206RMT6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    133000 | PA      | $138232.89    | 0.02%             | 2034-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                         | Bristol-Myers Squibb Co.                                                      | CUSIP: 110122EK0<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    690000 | PA      | $687695.67    | 0.08%             | 2054-02-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| TOTALENERGIES CAPITAL SA                                                        | TotalEnergies Capital SA                                                      | CUSIP: 89157XAE1<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |     42000 | PA      | $40345.95     | 0.00%             | 2054-09-10      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Darden Restaurants Inc                                                          | Darden Restaurants, Inc.                                                      | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |       989 | NS      | $188266.04    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KEY BANK NA                                                                     | KeyBank NA                                                                    | CUSIP: 49327V2B9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    590000 | PA      | $577221.18    | 0.07%             | 2029-04-13      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS, Principal Only STRIPS           | CUSIP: 31395DUD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5994 | PA      | $5208.94      | 0.00%             | 2036-06-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                          | Future                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       125 | NC      | $279199.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                                                        | AT&T, Inc.                                                                    | CUSIP: 00206RND0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    465000 | PA      | $460377.29    | 0.05%             | 2045-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS, Interest Only STRIPS            | CUSIP: 31395DP45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33747 | PA      | $3649.30      | 0.00%             | 2036-06-25      | Floating      | 2.13%                 | No            |                  2 | On Loan: No      |
| NGPL PipeCo LLC                                                                 | NGPL PipeCo LLC                                                               | CUSIP: 62912XAF1<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |    394000 | PA      | $394959.31    | 0.04%             | 2027-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                        | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |    195000 | PA      | $202576.73    | 0.02%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                | T-Mobile USA, Inc.                                                            | CUSIP: 87264ABN4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    455000 | PA      | $310120.12    | 0.04%             | 2051-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS                               | CUSIP: 38375BE73<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |         4 | PA      | $3.60         | 0.00%             | 2063-01-20      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc                                                            | Freeport-McMoRan, Inc.                                                        | CUSIP: 35671DBC8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    290000 | PA      | $279322.37    | 0.03%             | 2043-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                                | Altria Group, Inc.                                                            | CUSIP: 02209SBL6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    480000 | PA      | $422529.74    | 0.05%             | 2032-02-04      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                              | BMW U.S. Capital LLC                                                          | CUSIP: 05565EDA0<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170207.29    | 0.02%             | 2027-08-11      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                                                                    | AES Corp.                                                                     | CUSIP: 00130HCM5<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155263.33    | 0.02%             | 2032-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31371NGL3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2668 | PA      | $2724.21      | 0.00%             | 2027-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association                                      | CUSIP: 3622ADHZ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2064280 | PA      | $2093671.96   | 0.24%             | 2054-09-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | Citigroup, Inc.                                                               | CUSIP: 17327CBC6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    315000 | PA      | $324625.46    | 0.04%             | 2030-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                    | Broadcom, Inc.                                                                | CUSIP: 11135FBG5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    106000 | PA      | $82956.28     | 0.01%             | 2051-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Entergy Texas Inc                                                               | Entergy Texas, Inc.                                                           | CUSIP: 29365TAD6<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14254.58     | 0.00%             | 2045-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                         | HCA, Inc.                                                                     | CUSIP: 404119DC0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72259.77     | 0.01%             | 2055-03-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC                                                                      | Biogen, Inc.                                                                  | CUSIP: 09062XAL7<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    295000 | PA      | $309144.68    | 0.04%             | 2035-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                                                           | Tennessee Valley Authority                                                    | CUSIP: 880591ES7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    264000 | PA      | $218575.89    | 0.02%             | 2065-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| RELX PLC                                                                        | RELX PLC                                                                      | CUSIP: 000000000<br>LEI: 549300WSX3VBUFFJOO66 | Long             | EC               | CORP              | GB        |     15344 | NS      | $734636.75    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Post Holdings Inc                                                               | Post Holdings, Inc.                                                           | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |      3959 | NS      | $425513.32    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3138WMME8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    188759 | PA      | $178163.83    | 0.02%             | 2043-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Martin Marietta Materials Inc                                                   | Martin Marietta Materials, Inc.                                               | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |       671 | NS      | $422917.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132E0K92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3007759 | PA      | $3120161.10   | 0.35%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC                                                                      | Biogen, Inc.                                                                  | CUSIP: 09062XAH6<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1030957.04   | 0.12%             | 2030-05-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| London Stock Exchange Group PLC                                                 | London Stock Exchange Group PLC                                               | CUSIP: 000000000<br>LEI: 213800QAUUUP6I445N30 | Long             | EC               | CORP              | GB        |      3982 | NS      | $456064.99    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Carlisle Cos Inc                                                                | Carlisle Cos., Inc.                                                           | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      1243 | NS      | $408897.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                                                                  | Home Depot, Inc.                                                              | CUSIP: 437076CC4<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    118000 | PA      | $96691.18     | 0.01%             | 2040-04-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                        | AT&T, Inc.                                                                    | CUSIP: 00206RJZ6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    230000 | PA      | $183856.72    | 0.02%             | 2041-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TJX Cos Inc/The                                                                 | TJX Cos., Inc.                                                                | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      4449 | NS      | $643058.46    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                                                        | Engie SA                                                                      | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |     26943 | NS      | $577450.33    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS, Interest Only STRIPS                 | CUSIP: 31397KTW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     93078 | PA      | $8406.75      | 0.00%             | 2037-10-15      | Floating      | 1.88%                 | No            |                  2 | On Loan: No      |
| Sage Group PLC/The                                                              | Sage Group PLC                                                                | CUSIP: 000000000<br>LEI: 2138005RN5XYLTF8G138 | Long             | EC               | CORP              | GB        |     28208 | NS      | $417306.17    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Oracle Corp                                                                     | Oracle Corp.                                                                  | CUSIP: 68389XBW4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    194000 | PA      | $155809.39    | 0.02%             | 2040-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES                                                           | TransCanada PipeLines Ltd.                                                    | CUSIP: 893526DF7<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $113797.43    | 0.01%             | 2034-03-31      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| TENN VAL AUTH CPN STRIP                                                         | Tennessee Valley Authority, Interest Only STRIPS                              | CUSIP: 88059ENP5<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1000000 | PA      | $901243.82    | 0.10%             | 2028-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                                                       | Kroger Co.                                                                    | CUSIP: 501044DG3<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |     66000 | PA      | $56269.73     | 0.01%             | 2047-02-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UnitedHealth Group, Inc.                                                      | CUSIP: 91324PER9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     66000 | PA      | $68982.68     | 0.01%             | 2033-02-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                                                                   | DTE Energy Co.                                                                | CUSIP: 233331BP1<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    322000 | PA      | $319864.99    | 0.04%             | 2035-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Inc                                                          | Berkshire Hathaway, Inc.                                                      | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      3240 | NS      | $1628877.60   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                               | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 82653HAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190925 | PA      | $192368.68    | 0.02%             | 2044-04-20      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | Energy Transfer LP                                                            | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    600000 | PA      | $597187.62    | 0.07%             | 2056-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                        | EQT Corp.                                                                     | CUSIP: 26884LBD0<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    523000 | PA      | $521933.74    | 0.06%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DoorDash Inc                                                                    | DoorDash, Inc.                                                                | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      2819 | NS      | $766739.81    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                                                     | Future                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |      -104 | NC      | $42383.65     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DEUTSCHE BANK NY                                                                | Deutsche Bank AG                                                              | CUSIP: 251526CT4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    350000 | PA      | $384735.17    | 0.04%             | 2034-02-10      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| Recruit Holdings Co Ltd                                                         | Recruit Holdings Co. Ltd.                                                     | CUSIP: 000000000<br>LEI: 353800R2LRSMVVC4I806 | Long             | EC               | CORP              | JP        |      7000 | NS      | $376921.26    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                                    | Comcast Corp.                                                                 | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $715058.54    | 0.08%             | 2056-11-01      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                                | Societe Generale SA                                                           | CUSIP: 83370RAE8<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    650000 | PA      | $680882.80    | 0.08%             | 2029-11-21      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| First Citizens BancShares Inc/NC                                                | First Citizens BancShares, Inc.                                               | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       424 | NS      | $758603.84    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128P7RY1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     30599 | PA      | $30091.48     | 0.00%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1266779.46   | 0.14%             | 2031-04-23      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Atlas Copco AB                                                                  | Atlas Copco AB                                                                | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     73380 | NS      | $1238536.92   | 0.14%             |  |  |  | No            |                  2 | On Loan: —       |
| CROWN CASTLE INC                                                                | Crown Castle, Inc.                                                            | CUSIP: 22822VBD2<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    404000 | PA      | $419790.36    | 0.05%             | 2029-06-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 6174468U6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    417000 | PA      | $363698.33    | 0.04%             | 2032-02-13      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                                                     | Netflix, Inc.                                                                 | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      1110 | NS      | $1330801.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA INC                                                                         | HCA, Inc.                                                                     | CUSIP: 404119DA4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    460000 | PA      | $479242.43    | 0.05%             | 2032-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2870000 | PA      | $2807106.65   | 0.32%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                           | GFL Environmental, Inc.                                                       | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |   1010000 | PA      | $1056884.89   | 0.12%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                                                 | AstraZeneca PLC                                                               | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |     11398 | NS      | $1714107.13   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Koninklijke KPN NV                                                              | Koninklijke KPN NV                                                            | CUSIP: 000000000<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |    141039 | NS      | $676753.79    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS, Principal Only STRIPS           | CUSIP: 31398FRR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2913 | PA      | $2612.61      | 0.00%             | 2037-03-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Intuitive Surgical Inc                                                          | Intuitive Surgical, Inc.                                                      | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      1108 | NS      | $495530.84    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                                                     | Oracle Corp.                                                                  | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    355000 | PA      | $355426.88    | 0.04%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                                                         | Public Service Co. of Colorado                                                | CUSIP: 744448CU3<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    132000 | PA      | $81306.52     | 0.01%             | 2051-01-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| STATE OF ISRAEL                                                                 | Israel Government International Bonds                                         | CUSIP: 46514Y8B6<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    685000 | PA      | $708081.74    | 0.08%             | 2035-02-19      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418EKU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6297819 | PA      | $6287527.68   | 0.71%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140QQCY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    786216 | PA      | $692291.78    | 0.08%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                                   | Citigroup, Inc.                                                               | CUSIP: 172967LP4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    727000 | PA      | $720585.55    | 0.08%             | 2028-07-24      | Fixed         | 3.67%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | Oracle Corp.                                                                  | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134584.71    | 0.02%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY CORP                                                             | Alliant Energy Corp.                                                          | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130162.63    | 0.01%             | 2056-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                             | Southern California Edison Co.                                                | CUSIP: 842400HZ9<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    444000 | PA      | $441343.56    | 0.05%             | 2034-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128UNDW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1886 | PA      | $1937.19      | 0.00%             | 2037-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                                                        | Anheuser-Busch InBev Worldwide, Inc.                                          | CUSIP: 03523TBW7<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |     24000 | PA      | $25017.57     | 0.00%             | 2059-01-23      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XHRT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2557607 | PA      | $2361388.30   | 0.27%             | 2050-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                       | Apple, Inc.                                                                   | CUSIP: 037833EK2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    490000 | PA      | $312728.34    | 0.04%             | 2051-08-05      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Mastercard Inc                                                                  | Mastercard, Inc.                                                              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      4846 | NS      | $2756453.26   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | Bank of America Corp.                                                         | CUSIP: 06051GKL2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    439000 | PA      | $410152.72    | 0.05%             | 2037-03-08      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                                                              | Coterra Energy, Inc.                                                          | CUSIP: 127097AN3<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    440000 | PA      | $424670.92    | 0.05%             | 2055-02-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Arkema SA                                                                       | Arkema SA                                                                     | CUSIP: 000000000<br>LEI: 9695000EHMS84KKP2785 | Long             | EC               | CORP              | FR        |      3277 | NS      | $206218.71    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds, Principal Only STRIPS                                    | CUSIP: 9128334Z0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    170000 | PA      | $114000.66    | 0.01%             | 2035-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                        | AT&T, Inc.                                                                    | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     17862 | NS      | $504422.88    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pernod Ricard SA                                                                | Pernod Ricard SA                                                              | CUSIP: 000000000<br>LEI: 52990097YFPX9J0H5D87 | Long             | EC               | CORP              | FR        |      2301 | NS      | $225682.52    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Southwest Airlines Co                                                           | Southwest Airlines Co.                                                        | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |      7842 | NS      | $250238.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                                                       | Shin-Etsu Chemical Co. Ltd.                                                   | CUSIP: 000000000<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |      9000 | NS      | $295344.36    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                                                           | Time Warner Cable LLC                                                         | CUSIP: 88732JAY4<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |     65000 | PA      | $62131.74     | 0.01%             | 2040-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                    | Broadcom, Inc.                                                                | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      9368 | NS      | $3090596.88   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                                            | Bank of America Corp.                                                         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     47971 | NS      | $2474823.89   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION ELECTRIC CO                                                               | Union Electric Co.                                                            | CUSIP: 906548CY6<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |    370000 | PA      | $381197.59    | 0.04%             | 2034-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SSE PLC                                                                         | SSE PLC                                                                       | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |     17119 | NS      | $400951.37    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Emera US Finance LP                                                             | Emera U.S. Finance LP                                                         | CUSIP: 29103DAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    293000 | PA      | $252818.92    | 0.03%             | 2046-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                        | Constellation Brands, Inc.                                                    | CUSIP: 21036PBF4<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    240000 | PA      | $224555.73    | 0.03%             | 2030-05-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                          | Pacific Gas & Electric Co.                                                    | CUSIP: 694308GZ4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    326000 | PA      | $272638.08    | 0.03%             | 2042-04-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                        | AT&T, Inc.                                                                    | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    873000 | PA      | $743367.58    | 0.08%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                                        | Venture Global Calcasieu Pass LLC                                             | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    110000 | PA      | $103823.29    | 0.01%             | 2031-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1710000 | PA      | $1548952.73   | 0.18%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS, Interest Only STRIPS            | CUSIP: 31394VX47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85171 | PA      | $8227.19      | 0.00%             | 2036-03-25      | Floating      | 2.23%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                        | EQT Corp.                                                                     | CUSIP: 26884LBB4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    151000 | PA      | $166571.90    | 0.02%             | 2030-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128P7SE4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     59729 | PA      | $58749.05     | 0.01%             | 2032-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Tesla Inc                                                                       | Tesla, Inc.                                                                   | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      6423 | NS      | $2856436.56   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY OHIO INC                                                            | Duke Energy Ohio, Inc.                                                        | CUSIP: 26442EAL4<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |    172000 | PA      | $171817.16    | 0.02%             | 2054-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                      | U.S. Bancorp                                                                  | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      9104 | NS      | $439996.32    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Novonesis Novozymes B                                                           | Novonesis Novozymes B                                                         | CUSIP: 000000000<br>LEI: 529900T6WNZXD2R3JW38 | Long             | EC               | CORP              | DK        |      4919 | NS      | $301033.01    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                                    | Comcast Corp.                                                                 | CUSIP: 20030NDL2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    236000 | PA      | $144076.06    | 0.02%             | 2051-01-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Deutsche Telekom AG                                                             | Deutsche Telekom AG                                                           | CUSIP: 000000000<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     17205 | NS      | $585988.70    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                                                  | NRG Energy, Inc.                                                              | CUSIP: 629377CL4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    439000 | PA      | $435307.93    | 0.05%             | 2029-06-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                          | Extra Space Storage LP                                                        | CUSIP: 30225VAK3<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |    439000 | PA      | $457690.45    | 0.05%             | 2030-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Reddit Inc                                                                      | Reddit, Inc.                                                                  | CUSIP: 75734B100<br>LEI: 529900APN1YHPBHPI679 | Long             | EC               | CORP              | US        |      1526 | NS      | $350964.74    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                                                              | Home Depot, Inc.                                                              | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      1106 | NS      | $448140.14    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association                                      | CUSIP: 36179XDF0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    798472 | PA      | $799087.39    | 0.09%             | 2052-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418EAN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1424263 | PA      | $1204474.98   | 0.14%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DTCE8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2093352 | PA      | $2144756.43   | 0.24%             | 2053-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                        | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175BA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    226000 | PA      | $223267.15    | 0.03%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    514000 | PA      | $525942.74    | 0.06%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140QMZD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1746645 | PA      | $1494700.71   | 0.17%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                                                          | Williams Cos., Inc.                                                           | CUSIP: 969457CK4<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    662000 | PA      | $682547.90    | 0.08%             | 2028-08-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    640000 | PA      | $672256.70    | 0.08%             | 2034-07-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                        | Volkswagen Group of America Finance LLC                                       | CUSIP: 928668CS9<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    245000 | PA      | $251208.19    | 0.03%             | 2035-03-27      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XGJR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    243301 | PA      | $214485.75    | 0.02%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                                                             | Quanta Services, Inc.                                                         | CUSIP: 74762EAL6<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |    526000 | PA      | $539256.23    | 0.06%             | 2034-08-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Labcorp Holdings Inc                                                            | Labcorp Holdings, Inc.                                                        | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2085 | NS      | $598520.10    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Inc                                                                         | HCA, Inc.                                                                     | CUSIP: 404119BV0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57237.62     | 0.01%             | 2047-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                        | Volkswagen Group of America Finance LLC                                       | CUSIP: 928668CV2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200485.76    | 0.02%             | 2027-09-11      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                                                           | Tennessee Valley Authority                                                    | CUSIP: 880591EJ7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    155000 | PA      | $139035.43    | 0.02%             | 2060-09-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                           | Mexico Government International Bonds                                         | CUSIP: 91087BAN0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    205000 | PA      | $128934.75    | 0.01%             | 2061-05-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                                          | Marvell Technology, Inc.                                                      | CUSIP: 573874AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $309279.89    | 0.04%             | 2035-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                        | AerCap Ireland Capital DAC/AerCap Global Aviation Trust                       | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    847000 | PA      | $816247.54    | 0.09%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                          | General Motors Financial Co., Inc.                                            | CUSIP: 37045XFK7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    130000 | PA      | $135954.16    | 0.02%             | 2035-07-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Rio Tinto PLC                                                                   | Rio Tinto PLC                                                                 | CUSIP: 000000000<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |      6272 | NS      | $412270.86    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO                                                               | Southern Power Co.                                                            | CUSIP: 843646AX8<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    137000 | PA      | $136173.89    | 0.02%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO G & E                                                                 | San Diego Gas & Electric Co.                                                  | CUSIP: 797440CD4<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |    299000 | PA      | $287400.93    | 0.03%             | 2053-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Silgan Holdings Inc                                                             | Silgan Holdings, Inc.                                                         | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |      8614 | NS      | $370488.14    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PIEDMONT NATURAL GAS CO                                                         | Piedmont Natural Gas Co., Inc.                                                | CUSIP: 720186AM7<br>LEI: VXB4M3BDPKF3I2AZ3G89 | Long             | DBT              | CORP              | US        |    202000 | PA      | $139556.27    | 0.02%             | 2050-06-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                      | Progress Residential Trust                                                    | CUSIP: 74334GAA4<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    548823 | PA      | $520701.95    | 0.06%             | 2042-04-17      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                              | Banco Santander SA                                                            | CUSIP: 05971KAQ2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $241204.74    | 0.03%             | 2033-05-21      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bills                                                           | CUSIP: 912797RR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    586000 | PA      | $582069.08    | 0.07%             | 2025-12-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MEXICO CITY ARPT TRUST                                                          | Mexico City Airport Trust                                                     | CUSIP: 59284MAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |    200000 | PA      | $173001.01    | 0.02%             | 2047-07-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS, Principal Only STRIPS        | CUSIP: 38375PCK5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      4109 | PA      | $3329.84      | 0.00%             | 2038-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Yum China Holdings Inc                                                          | Yum China Holdings, Inc.                                                      | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | US        |     12786 | NS      | $548775.12    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | Energy Transfer LP                                                            | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    141000 | PA      | $145694.88    | 0.02%             | 2030-05-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                      | ROCK Trust                                                                    | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    441393 | PA      | $454774.18    | 0.05%             | 2041-11-13      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | Bank of America Corp.                                                         | CUSIP: 06051GMW6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    123000 | PA      | $128232.94    | 0.01%             | 2036-05-09      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Japan Exchange Group Inc                                                        | Japan Exchange Group, Inc.                                                    | CUSIP: 000000000<br>LEI: 353800578ADEGIJTVW07 | Long             | EC               | CORP              | JP        |     54500 | NS      | $608995.17    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Eni SpA                                                                         | Eni SpA                                                                       | CUSIP: 26874RAC2<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |    405000 | PA      | $394312.96    | 0.04%             | 2040-10-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART                                                         | Kinder Morgan Energy Partners LP                                              | CUSIP: 494550BH8<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    185000 | PA      | $197600.91    | 0.02%             | 2041-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Fortune Brands Innovations Inc                                                  | Fortune Brands Innovations, Inc.                                              | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |      6116 | NS      | $326533.24    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                                                                       | PG&E Corp.                                                                    | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     23003 | NS      | $346885.24    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurex Deutschland                                                               | Future                                                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        34 | NC      | $57639.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV                                                   | Koninklijke Ahold Delhaize NV                                                 | CUSIP: 000000000<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |     12718 | NS      | $514392.80    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                         | Bristol-Myers Squibb Co.                                                      | CUSIP: 110122DX3<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    167000 | PA      | $122425.35    | 0.01%             | 2062-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                        | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175CE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    147000 | PA      | $105876.14    | 0.01%             | 2042-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS, Interest Only STRIPS         | CUSIP: 38375GBA8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       205 | PA      | $12.03        | 0.00%             | 2031-04-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ENTERGY MISSISSIPPI LLC                                                         | Entergy Mississippi LLC                                                       | CUSIP: 29366WAB2<br>LEI: 54930043I78H35DVVW89 | Long             | DBT              | CORP              | US        |     38000 | PA      | $27050.87     | 0.00%             | 2051-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                          | Future                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        27 | NC      | $-7030.12     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK INC                                                                       | ONEOK, Inc.                                                                   | CUSIP: 682680CW1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    338000 | PA      | $320464.84    | 0.04%             | 2044-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Transcanada Trust                                                               | Transcanada Trust                                                             | CUSIP: 89356BAB4<br>LEI: 549300Y0MFCAXLBWUV51 | Long             | DBT              | CORP              | CA        |    208000 | PA      | $208125.42    | 0.02%             | 2076-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS                               | CUSIP: 38375BWP3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3638 | PA      | $3613.89      | 0.00%             | 2060-03-20      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                                             | Abbott Laboratories                                                           | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      2156 | NS      | $288774.64    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY                                                              | Ford Motor Co.                                                                | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    115000 | PA      | $100621.97    | 0.01%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418AS33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    156030 | PA      | $146886.00    | 0.02%             | 2043-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Legrand SA                                                                      | Legrand SA                                                                    | CUSIP: 000000000<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |      6939 | NS      | $1145431.30   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                                    | CaixaBank SA                                                                  | CUSIP: 12803RAM6<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $204845.89    | 0.02%             | 2036-07-03      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| FedEx Corp                                                                      | FedEx Corp.                                                                   | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      2185 | NS      | $515244.85    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY CO                                                                   | DTE Energy Co.                                                                | CUSIP: 233331BN6<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    650000 | PA      | $669763.10    | 0.08%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                             | Southern California Edison Co.                                                | CUSIP: 842400GE7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    168000 | PA      | $122256.50    | 0.01%             | 2045-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CORP                                                               | ITC Holdings Corp.                                                            | CUSIP: 465685AQ8<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |   1117000 | PA      | $1046835.59   | 0.12%             | 2030-05-14      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                              | Meta Platforms, Inc.                                                          | CUSIP: 30303M8W5<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    116000 | PA      | $115147.70    | 0.01%             | 2064-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Dow Chemical Co/The                                                             | Dow Chemical Co.                                                              | CUSIP: 260543CG6<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |     84000 | PA      | $68464.66     | 0.01%             | 2042-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                     | Future                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |        38 | NC      | $-3140.95     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                                                    | Broadcom, Inc.                                                                | CUSIP: 11135FBK6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    600000 | PA      | $555284.65    | 0.06%             | 2033-04-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| SBA Communications Corp                                                         | SBA Communications Corp.                                                      | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               |  | US        |      1427 | NS      | $275910.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                        | Ford Motor Credit Co. LLC                                                     | CUSIP: 345397G98<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    610000 | PA      | $634737.98    | 0.07%             | 2032-03-19      | Fixed         | 6.53%                 | No            |                  2 | On Loan: —       |
| FREMF Mortgage Trust                                                            | FREMF Mortgage Trust                                                          | CUSIP: 30307MAS7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1441000 | PA      | $1372649.05   | 0.16%             | 2028-04-25      | Variable      | 3.79%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UnitedHealth Group, Inc.                                                      | CUSIP: 91324PEE8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     86000 | PA      | $65419.66     | 0.01%             | 2041-05-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                          | PNC Financial Services Group, Inc.                                            | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    216000 | PA      | $227779.69    | 0.03%             | 2035-01-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIANA LLC                                                           | Entergy Louisiana LLC                                                         | CUSIP: 29364WBD9<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    333000 | PA      | $213672.06    | 0.02%             | 2051-03-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORP                                                            | Lockheed Martin Corp.                                                         | CUSIP: 539830BX6<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    220000 | PA      | $226977.37    | 0.03%             | 2054-11-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY INDIANA LLC                                                         | Duke Energy Indiana LLC                                                       | CUSIP: 26443TAE6<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |    220000 | PA      | $226985.69    | 0.03%             | 2034-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lonza Group AG                                                                  | Lonza Group AG                                                                | CUSIP: 000000000<br>LEI: 549300EFW4H2TCZ71055 | Long             | EC               | CORP              | CH        |      1008 | NS      | $667568.12    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                          | Standard Chartered PLC                                                        | CUSIP: 853254CX6<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    715000 | PA      | $771361.66    | 0.09%             | 2030-02-08      | Fixed         | 7.02%                 | No            |                  2 | On Loan: —       |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 31300LUY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     10871 | PA      | $11247.16     | 0.00%             | 2040-07-01      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | Goldman Sachs Group, Inc.                                                     | CUSIP: 38148YAA6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    277000 | PA      | $248285.78    | 0.03%             | 2038-10-31      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                          | Philip Morris International, Inc.                                             | CUSIP: 718172DH9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    355000 | PA      | $367388.03    | 0.04%             | 2031-02-13      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                                        | Western Midstream Operating LP                                                | CUSIP: 958254AD6<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    280000 | PA      | $253855.04    | 0.03%             | 2044-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Corpay Inc                                                                      | Corpay, Inc.                                                                  | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |      1263 | NS      | $363819.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                                               | HSBC Holdings PLC                                                             | CUSIP: 404280EM7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    480000 | PA      | $488556.84    | 0.06%             | 2028-11-19      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140QQEM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1087929 | PA      | $1122845.10   | 0.13%             | 2052-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TechnipFMC PLC                                                                  | TechnipFMC PLC                                                                | CUSIP: 000000000<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |      8998 | NS      | $354971.10    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                                                               | Kinder Morgan, Inc.                                                           | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     13749 | NS      | $389234.19    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                                          | Marvell Technology, Inc.                                                      | CUSIP: 573874AP9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    494000 | PA      | $515360.51    | 0.06%             | 2029-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                                     | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       917 | NS      | $730252.95    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                                                      | Ciena Corp.                                                                   | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |      1912 | NS      | $278521.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                                                         | UDR, Inc.                                                                     | CUSIP: 90265EAP5<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    149000 | PA      | $149527.03    | 0.02%             | 2029-01-26      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                                             | Gilead Sciences, Inc.                                                         | CUSIP: 375558BZ5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    588000 | PA      | $616642.31    | 0.07%             | 2033-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133KPFQ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    453884 | PA      | $402233.16    | 0.05%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                                                      | FIXED INC CLEARING CORP.REPO                                                  | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  23288889 | PA      | $23288888.86  | 2.64%             |  |  |  | No            |                  2 | On Loan: No      |
| PECO ENERGY CO                                                                  | PECO Energy Co.                                                               | CUSIP: 693304AY3<br>LEI: YH65D4JBECK76IFEJ279 | Long             | DBT              | CORP              | US        |    266000 | PA      | $171262.89    | 0.02%             | 2050-06-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| ServiceNow Inc                                                                  | ServiceNow, Inc.                                                              | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       330 | NS      | $303692.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AMER AIRLINE 21-1B PTT                                                          | American Airlines Pass-Through Trust                                          | CUSIP: 02376LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     29200 | PA      | $27886.89     | 0.00%             | 2030-07-11      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                                                  | Microsoft Corp.                                                               | CUSIP: 594918CW2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    387000 | PA      | $242578.09    | 0.03%             | 2050-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EQUINIX EU 2 FINANCING C                                                        | Equinix Europe 2 Financing Corp. LLC                                          | CUSIP: 29390XAA2<br>LEI: 254900FSZR46BPMCKI50 | Long             | DBT              |  | US        |    165000 | PA      | $171276.75    | 0.02%             | 2034-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     76000 | PA      | $78531.53     | 0.01%             | 2029-07-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association                                      | CUSIP: 36179W2T4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6092809 | PA      | $5036935.64   | 0.57%             | 2052-04-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds, Principal Only STRIPS                                    | CUSIP: 912834FB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    410000 | PA      | $209142.80    | 0.02%             | 2040-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                                 | Danske Bank AS                                                                | CUSIP: 23636ABH3<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    200000 | PA      | $208084.78    | 0.02%             | 2030-03-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS                               | CUSIP: 38373MA91<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     11983 | PA      | $13156.32     | 0.00%             | 2037-04-20      | Floating      | 8.40%                 | No            |                  2 | On Loan: No      |
| QBE Insurance Group Ltd                                                         | QBE Insurance Group Ltd.                                                      | CUSIP: 000000000<br>LEI: 549300D2FBW76FPUSG65 | Long             | EC               | CORP              | AU        |     28416 | NS      | $387151.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fidelity National Information Services Inc                                      | Fidelity National Information Services, Inc.                                  | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      5184 | NS      | $341832.96    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                           | Uber Technologies, Inc.                                                       | CUSIP: 90353TAP5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    295000 | PA      | $295553.72    | 0.03%             | 2034-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                                        | Alexandria Real Estate Equities, Inc.                                         | CUSIP: 015271AW9<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    575000 | PA      | $486040.35    | 0.06%             | 2032-05-18      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810QH4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $247392.58    | 0.03%             | 2040-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Middleby Corp/The                                                               | Middleby Corp.                                                                | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |      2732 | NS      | $363164.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CEF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2291000 | PA      | $2252339.38   | 0.26%             | 2027-03-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EXPAND ENERGY CORP                                                              | Expand Energy Corp.                                                           | CUSIP: 845467AR0<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40012.33     | 0.00%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW USA INFRA HLDS                                                        | South Bow USA Infrastructure Holdings LLC                                     | CUSIP: 83007CAD4<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |    403000 | PA      | $407626.28    | 0.05%             | 2029-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                                                        | Sabine Pass Liquefaction LLC                                                  | CUSIP: 785592AX4<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    295000 | PA      | $296029.02    | 0.03%             | 2030-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                                                        | Burlington Northern Santa Fe LLC                                              | CUSIP: 12189LAZ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    222000 | PA      | $180410.84    | 0.02%             | 2046-08-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810SR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |       300 | PA      | $191.05       | 0.00%             | 2040-05-15      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UnitedHealth Group, Inc.                                                      | CUSIP: 91324PFC1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |     44000 | PA      | $42256.34     | 0.00%             | 2054-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132G7CD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     42276 | PA      | $41503.86     | 0.00%             | 2032-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                                | Crown Castle, Inc.                                                            | CUSIP: 22822VBA8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |    170000 | PA      | $172388.61    | 0.02%             | 2028-01-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| International Paper Co                                                          | International Paper Co.                                                       | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |      4744 | NS      | $220121.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128ME4Y4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    280884 | PA      | $278145.31    | 0.03%             | 2032-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UniCredit SpA                                                                   | UniCredit SpA                                                                 | CUSIP: 000000000<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |     12092 | NS      | $915256.13    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                                                        | Virginia Electric & Power Co.                                                 | CUSIP: 927804FP4<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    195000 | PA      | $176676.69    | 0.02%             | 2043-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                        | Ford Motor Credit Co. LLC                                                     | CUSIP: 345397D42<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    574000 | PA      | $613651.50    | 0.07%             | 2030-06-10      | Fixed         | 7.20%                 | No            |                  2 | On Loan: —       |
| Chicago Mercantile Exchange                                                     | Future                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |        79 | NC      | $-46300.10    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| FEDEX CORP                                                                      | FedEx Corp.                                                                   | CUSIP: 31428XCN4<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    141000 | PA      | $105440.22    | 0.01%             | 2041-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    461000 | PA      | $481382.91    | 0.05%             | 2030-04-18      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Carlsberg AS                                                                    | Carlsberg AS                                                                  | CUSIP: 000000000<br>LEI: 5299001O0WJQYB5GYZ19 | Long             | EC               | CORP              | DK        |      1802 | NS      | $209390.87    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp                                                               | Suzuki Motor Corp.                                                            | CUSIP: 000000000<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |     36000 | NS      | $525935.69    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Deere & Co                                                                      | Deere & Co.                                                                   | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       419 | NS      | $191591.94    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordea Bank Abp                                                                 | Nordea Bank Abp                                                               | CUSIP: 65557FAH9<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |    270000 | PA      | $269513.81    | 0.03%             | 2033-09-13      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| EQUITABLE AMERICA GLOBAL                                                        | Equitable America Global Funding                                              | CUSIP: 29446Q2E2<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |    395000 | PA      | $392915.20    | 0.04%             | 2032-09-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Analog Devices Inc                                                              | Analog Devices, Inc.                                                          | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      2536 | NS      | $623095.20    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                        | Enterprise Products Operating LLC                                             | CUSIP: 293791AP4<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    231000 | PA      | $262382.47    | 0.03%             | 2034-10-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                        | Baxter International, Inc.                                                    | CUSIP: 071813CP2<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    216000 | PA      | $202740.14    | 0.02%             | 2028-12-01      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| Hayward Holdings Inc                                                            | Hayward Holdings, Inc.                                                        | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13385 | NS      | $202381.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                                                         | Charles Schwab Corp.                                                          | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      9190 | NS      | $877369.30    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SONOCO PRODUCTS CO                                                              | Sonoco Products Co.                                                           | CUSIP: 835495AS1<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |    239000 | PA      | $236395.68    | 0.03%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Apple Hospitality REIT Inc                                                      | Apple Hospitality REIT, Inc.                                                  | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               |  | US        |      7796 | NS      | $93629.96     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 912828YB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     40000 | PA      | $37110.94     | 0.00%             | 2029-08-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                    | Broadcom, Inc.                                                                | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    103000 | PA      | $106151.91    | 0.01%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ELECTRIC                                                          | Massachusetts Electric Co.                                                    | CUSIP: 575634AU4<br>LEI: 549300XN8GZY5U5O1B96 | Long             | DBT              | CORP              | US        |    334000 | PA      | $290381.71    | 0.03%             | 2030-11-24      | Fixed         | 1.73%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 95000U3B7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    440000 | PA      | $447008.55    | 0.05%             | 2033-07-25      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| BIMBO BAKERIES USA INC                                                          | Bimbo Bakeries USA, Inc.                                                      | CUSIP: 09031WAC7<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | CORP              | US        |    219000 | PA      | $229138.21    | 0.03%             | 2029-01-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MARRIOTT INTERNATIONAL                                                          | Marriott International, Inc.                                                  | CUSIP: 571903BU6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    225000 | PA      | $229936.23    | 0.03%             | 2037-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                                                        | Columbia Pipelines Holding Co. LLC                                            | CUSIP: 19828AAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35540.10     | 0.00%             | 2031-10-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Allianz SE                                                                      | Allianz SE                                                                    | CUSIP: 000000000<br>LEI: 529900K9B0N5BT694847 | Long             | EC               | CORP              | DE        |      1665 | NS      | $698643.50    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Flowco Holdings Inc                                                             | Flowco Holdings, Inc.                                                         | CUSIP: 342909108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5373 | NS      | $79789.05     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPAND ENERGY CORP                                                              | Expand Energy Corp.                                                           | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    355000 | PA      | $356319.54    | 0.04%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                        | AT&T, Inc.                                                                    | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     74000 | PA      | $51186.02     | 0.01%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Snowflake Inc                                                                   | Snowflake, Inc.                                                               | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      2505 | NS      | $565002.75    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                                              | Meta Platforms, Inc.                                                          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      8456 | NS      | $6209917.28   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Hoya Corp                                                                       | Hoya Corp.                                                                    | CUSIP: 000000000<br>LEI: 353800X4VR3BHEUCJB42 | Long             | EC               | CORP              | JP        |      5300 | NS      | $733796.53    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust                                          | GreenSky Home Improvement Issuer Trust                                        | CUSIP: 39571VAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135000 | PA      | $136835.06    | 0.02%             | 2060-06-25      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORP                                                                    | Entergy Corp.                                                                 | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    558000 | PA      | $583053.64    | 0.07%             | 2054-12-01      | Fixed         | 7.13%                 | No            |                  2 | On Loan: —       |
| Ross Stores Inc                                                                 | Ross Stores, Inc.                                                             | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      1854 | NS      | $282531.06    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                                                          | ConocoPhillips Co.                                                            | CUSIP: 20826FBH8<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |    213000 | PA      | $211196.87    | 0.02%             | 2063-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                        | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175CR3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $298400.66    | 0.03%             | 2034-06-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                       | Amgen, Inc.                                                                   | CUSIP: 031162DU1<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    267000 | PA      | $266366.08    | 0.03%             | 2063-03-02      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BANCO NACIONAL DE PANAMA                                                        | Banco Nacional de Panama                                                      | CUSIP: 059626AC5<br>LEI: 529900H2Q7WMDKKIW109 | Long             | DBT              | CORP              | PA        |    300000 | PA      | $262871.76    | 0.03%             | 2030-08-11      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ITT Inc                                                                         | ITT, Inc.                                                                     | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |      3164 | NS      | $565596.64    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                                                     | Oracle Corp.                                                                  | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    665000 | PA      | $667597.89    | 0.08%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                                                        | Cheniere Energy Partners LP                                                   | CUSIP: 16411QAS0<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    316000 | PA      | $328510.26    | 0.04%             | 2034-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                        | Baxter International, Inc.                                                    | CUSIP: 071813CS6<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |     24000 | PA      | $21040.60     | 0.00%             | 2032-02-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                         | Metropolitan Life Global Funding I                                            | CUSIP: 59217GEG0<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    230000 | PA      | $217495.96    | 0.02%             | 2030-04-09      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                        | Mars, Inc.                                                                    | CUSIP: 571676BB0<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    174000 | PA      | $176510.16    | 0.02%             | 2045-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                    | UBS Group AG                                                                  | CUSIP: 000000000<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     11850 | NS      | $483943.85    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS, Principal Only STRIPS           | CUSIP: 3136AHNE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    144892 | PA      | $106403.73    | 0.01%             | 2043-12-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc                                                      | Verizon Communications, Inc.                                                  | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     10315 | NS      | $453344.25    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                                                     | Oracle Corp.                                                                  | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      3588 | NS      | $1009089.12   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                                                               | HSBC Holdings PLC                                                             | CUSIP: 404280EN5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    570000 | PA      | $587957.10    | 0.07%             | 2030-11-19      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                                           | Bath & Body Works, Inc.                                                       | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |      5526 | NS      | $142349.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                                                        | RTX Corp.                                                                     | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      3705 | NS      | $619957.65    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co                                                          | Columbia Sportswear Co.                                                       | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |      3695 | NS      | $193248.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Figma Inc                                                                       | Figma, Inc.                                                                   | CUSIP: 316841105<br>LEI: 254900273Q0J4Z65HU28 | Long             | EC               | CORP              | US        |      1194 | NS      | $61932.78     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Pass-Through Trust                                                          | CVS Pass-Through Trust                                                        | CUSIP: 126650AN0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1004 | PA      | $1004.11      | 0.00%             | 2025-10-10      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                                    | Alphabet, Inc.                                                                | CUSIP: 02079KAE7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    145000 | PA      | $99083.89     | 0.01%             | 2040-08-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                                                            | COPT Defense Properties LP                                                    | CUSIP: 22003BAM8<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              |  | US        |    316000 | PA      | $286069.82    | 0.03%             | 2031-04-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Norfolk Southern Corp                                                           | Norfolk Southern Corp.                                                        | CUSIP: 655844BQ0<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    165000 | PA      | $144195.72    | 0.02%             | 2045-06-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418ED64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3918653 | PA      | $3446021.17   | 0.39%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Crowdstrike Holdings Inc                                                        | Crowdstrike Holdings, Inc.                                                    | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       856 | NS      | $419765.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                        | New York Life Global Funding                                                  | CUSIP: 64952WEG4<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    230000 | PA      | $200812.74    | 0.02%             | 2031-08-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                                        | Hess Midstream Operations LP                                                  | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    607000 | PA      | $611388.61    | 0.07%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                                                          | NXP BV/NXP Funding LLC/NXP USA, Inc.                                          | CUSIP: 62954HAJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    225000 | PA      | $200137.86    | 0.02%             | 2032-02-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Blackstone Inc                                                                  | Blackstone, Inc.                                                              | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      4680 | NS      | $799578.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COS INC                                                                  | Lowe's Cos., Inc.                                                             | CUSIP: 548661EM5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    195000 | PA      | $193918.39    | 0.02%             | 2053-04-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: —       |
| AMAZON.COM INC                                                                  | Amazon.com, Inc.                                                              | CUSIP: 023135BT2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    130000 | PA      | $80309.56     | 0.01%             | 2050-06-03      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| QUEST DIAGNOSTICS INC                                                           | Quest Diagnostics, Inc.                                                       | CUSIP: 74834LBG4<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | DBT              | CORP              | US        |    428000 | PA      | $433211.60    | 0.05%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                            | M&T Bank Corp.                                                                | CUSIP: 55261FAU8<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |     41000 | PA      | $41507.69     | 0.00%             | 2029-01-16      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                          | General Motors Financial Co., Inc.                                            | CUSIP: 37045XEV4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    306000 | PA      | $317796.39    | 0.04%             | 2034-04-04      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS                                       | CUSIP: 3137HHCM1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1897445 | PA      | $1901327.43   | 0.22%             | 2054-11-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                     | Future                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DFE              |  | US        |      -112 | NC      | $72977.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1670000 | PA      | $1035856.64   | 0.12%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                                                            | Edison International                                                          | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    572000 | PA      | $541962.79    | 0.06%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                                               | Union Electric Co.                                                            | CUSIP: 906548CU4<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |     59000 | PA      | $46117.22     | 0.01%             | 2052-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                             | American Tower Corp.                                                          | CUSIP: 03027XCG3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    412000 | PA      | $423942.97    | 0.05%             | 2029-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    830000 | PA      | $592282.81    | 0.07%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Dover Corp                                                                      | Dover Corp.                                                                   | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |      3122 | NS      | $520843.26    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                                                     | Cencora, Inc.                                                                 | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      2248 | NS      | $702567.44    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                                                     | Oracle Corp.                                                                  | CUSIP: 68389XBG9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    180000 | PA      | $141325.71    | 0.02%             | 2055-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PACIFICORP                                                                      | PacifiCorp                                                                    | CUSIP: 695114CY2<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |     78000 | PA      | $47566.44     | 0.01%             | 2052-06-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                       | ONEOK, Inc.                                                                   | CUSIP: 682680DC4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    235000 | PA      | $235883.53    | 0.03%             | 2035-10-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    660000 | PA      | $482728.13    | 0.05%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS, Principal Only STRIPS                | CUSIP: 31396NGH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       954 | PA      | $837.38       | 0.00%             | 2036-04-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418EE30<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1798928 | PA      | $1583359.24   | 0.18%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 31300LLL7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6903 | PA      | $7095.22      | 0.00%             | 2036-02-01      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2016-2 AA PTT                                                        | United Airlines Pass-Through Trust                                            | CUSIP: 90932EAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340498 | PA      | $324317.90    | 0.04%             | 2028-10-07      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GUARDIAN LIFE GLOB FUND                                                         | Guardian Life Global Funding                                                  | CUSIP: 40139LBL6<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |    430000 | PA      | $431812.48    | 0.05%             | 2032-09-05      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | Oracle Corp.                                                                  | CUSIP: 68389XBZ7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    485000 | PA      | $388433.13    | 0.04%             | 2041-03-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS, Principal Only STRIPS                | CUSIP: 31398LZP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5663 | PA      | $4947.74      | 0.00%             | 2040-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS                               | CUSIP: 38385CKW7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1093115 | PA      | $1053051.16   | 0.12%             | 2051-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Puget Sound Energy Inc                                                          | Puget Sound Energy, Inc.                                                      | CUSIP: 745332CD6<br>LEI: 8MNFJR7KOMBQ7X62LK44 | Long             | DBT              | CORP              | US        |    199000 | PA      | $200748.55    | 0.02%             | 2041-04-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141GB60<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    216000 | PA      | $218752.85    | 0.02%             | 2030-10-23      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UnitedHealth Group, Inc.                                                      | CUSIP: 91324PEF5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    194000 | PA      | $132300.31    | 0.01%             | 2051-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                                                | ABN AMRO Bank NV                                                              | CUSIP: 00084DBA7<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |    400000 | PA      | $407775.47    | 0.05%             | 2027-09-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Capgemini SE                                                                    | Capgemini SE                                                                  | CUSIP: 000000000<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |      2147 | NS      | $311430.85    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Palo Alto Networks Inc                                                          | Palo Alto Networks, Inc.                                                      | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      2871 | NS      | $584593.02    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                                                        | AT&T, Inc.                                                                    | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    358000 | PA      | $246704.27    | 0.03%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XFZR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    830430 | PA      | $736216.14    | 0.08%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                                                | DT Midstream, Inc.                                                            | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    404000 | PA      | $390439.32    | 0.04%             | 2031-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DQYY6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4666808 | PA      | $4838443.53   | 0.55%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                                          | Marvell Technology, Inc.                                                      | CUSIP: 573874AQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    506000 | PA      | $542892.60    | 0.06%             | 2033-09-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                          | Future                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       702 | NC      | $339867.13    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                          | Pacific Gas & Electric Co.                                                    | CUSIP: 694308JQ1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    226371 | PA      | $196891.56    | 0.02%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                         | Bristol-Myers Squibb Co.                                                      | CUSIP: 110122DW5<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    299000 | PA      | $223142.77    | 0.03%             | 2052-03-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                          | Mitsubishi UFJ Financial Group, Inc.                                          | CUSIP: 606822DN1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    440000 | PA      | $441675.20    | 0.05%             | 2031-09-12      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                              | Realty Income Corp.                                                           | CUSIP: 756109CT9<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |     90000 | PA      | $91519.14     | 0.01%             | 2035-04-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO                                                        | JBS USA Holding Lux SARL/JBS USA Food Co./JBS Lux Co. SARL                    | CUSIP: 46590XAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    199000 | PA      | $156457.04    | 0.02%             | 2052-02-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Emerson Electric Co                                                             | Emerson Electric Co.                                                          | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      6534 | NS      | $857130.12    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc                                                  | JB Hunt Transport Services, Inc.                                              | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |      2280 | NS      | $305907.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                                                        | Vinci SA                                                                      | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |      3754 | NS      | $519851.20    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| ABBVIE INC                                                                      | AbbVie, Inc.                                                                  | CUSIP: 00287YDX4<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |     51000 | PA      | $50973.11     | 0.01%             | 2064-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1480000 | PA      | $1425020.31   | 0.16%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT Capital Corp.                                                             | CUSIP: 054989AC2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    415000 | PA      | $469648.33    | 0.05%             | 2043-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                               | HSBC Holdings PLC                                                             | CUSIP: 404280EW5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    620000 | PA      | $638011.46    | 0.07%             | 2031-05-13      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                            | Bank of America Corp.                                                         | CUSIP: 06051GHQ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    608000 | PA      | $603514.00    | 0.07%             | 2030-02-07      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                | T-Mobile USA, Inc.                                                            | CUSIP: 87264ADV4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    272000 | PA      | $304161.40    | 0.03%             | 2033-12-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSUR & ANNUITY                                                        | Teachers Insurance & Annuity Association of America                           | CUSIP: 878091BC0<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |    610000 | PA      | $698633.34    | 0.08%             | 2039-12-16      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                      | U.S. Bancorp                                                                  | CUSIP: 91159HJN1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    287000 | PA      | $305823.75    | 0.03%             | 2034-06-12      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Insmed Inc                                                                      | Insmed, Inc.                                                                  | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |      4341 | NS      | $625147.41    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                                        | Hess Midstream Operations LP                                                  | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    249000 | PA      | $256802.42    | 0.03%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Entergy Texas Inc                                                               | Entergy Texas, Inc.                                                           | CUSIP: 29365TAF1<br>LEI: LWXX58X12AJXISQ28573 | Long             | DBT              | CORP              | US        |     29000 | PA      | $28453.76     | 0.00%             | 2027-12-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Yum! Brands Inc                                                                 | Yum! Brands, Inc.                                                             | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      2606 | NS      | $396112.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS                                       | CUSIP: 3137ABB59<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20660 | PA      | $20915.39     | 0.00%             | 2041-05-15      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                                                                  | Salesforce, Inc.                                                              | CUSIP: 79466LAK0<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $183864.46    | 0.02%             | 2041-07-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                                                             | Quanta Services, Inc.                                                         | CUSIP: 74762EAF9<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |    103000 | PA      | $96155.14     | 0.01%             | 2030-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPCO                                                         | Columbia Pipelines Operating Co. LLC                                          | CUSIP: 19828TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    422000 | PA      | $450289.32    | 0.05%             | 2033-11-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UnitedHealth Group, Inc.                                                      | CUSIP: 91324PDT6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    539000 | PA      | $449581.96    | 0.05%             | 2039-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XB4Y3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2958325 | PA      | $2621707.83   | 0.30%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                                               | Union Electric Co.                                                            | CUSIP: 906548CW0<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |     48000 | PA      | $47018.96     | 0.01%             | 2053-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 912828U24<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    245000 | PA      | $240387.11    | 0.03%             | 2026-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                                                        | Cheniere Corpus Christi Holdings LLC                                          | CUSIP: 16412XAJ4<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    219000 | PA      | $212833.58    | 0.02%             | 2029-11-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                                                            | Keurig Dr. Pepper, Inc.                                                       | CUSIP: 49271VAM2<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    112000 | PA      | $74062.10     | 0.01%             | 2051-03-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                        | Mars, Inc.                                                                    | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    180000 | PA      | $184152.15    | 0.02%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Power Co                                                               | Southern Power Co.                                                            | CUSIP: 843646AH3<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    329000 | PA      | $315812.06    | 0.04%             | 2041-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT Capital Corp.                                                             | CUSIP: 05526DBT1<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    377000 | PA      | $304082.54    | 0.03%             | 2040-09-25      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS, Principal Only STRIPS           | CUSIP: 3136AGZH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    149560 | PA      | $112900.50    | 0.01%             | 2043-10-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LEHMAN BROTHERS HOLDINGS                                                        | Lehman Brothers Holdings, Inc.                                                | CUSIP: 52522L590<br>LEI: 549300FDK6ZP3YIHRJ47 | Long             | DBT              | CORP              | US        |    899000 | PA      | $66.62        | 0.00%             | 2009-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CMA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  20260000 | PA      | $20586059.38  | 2.33%             | 2029-11-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                                                        | Canadian Pacific Railway Co.                                                  | CUSIP: 13648TAF4<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    261000 | PA      | $232926.67    | 0.03%             | 2048-05-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    615000 | PA      | $621722.39    | 0.07%             | 2030-10-18      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Osaka Exchange                                                                  | Future                                                                        | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DIR              |  | JP        |       -25 | NC      | $175669.61    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Residential Trust                                                      | Progress Residential Trust                                                    | CUSIP: 74334BAA5<br>LEI: 5493002EEQ4GX2578787 | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $378908.20    | 0.04%             | 2042-07-17      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                              | Meta Platforms, Inc.                                                          | CUSIP: 30303M8V7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    660000 | PA      | $652067.82    | 0.07%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| COOF Securitization Trust                                                       | COOF Securitization Trust Ltd., Interest Only STRIPS                          | CUSIP: 12631UAA3<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |     27746 | PA      | $1926.88      | 0.00%             | 2040-06-25      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 912828YX2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    130000 | PA      | $126932.81    | 0.01%             | 2026-12-31      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      7960 | NS      | $1265321.60   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    579000 | PA      | $566595.48    | 0.06%             | 2027-07-20      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CBZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    530000 | PA      | $499297.26    | 0.06%             | 2028-04-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Ulta Beauty Inc                                                                 | Ulta Beauty, Inc.                                                             | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       797 | NS      | $435759.75    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                                                        | Amcor Flexibles North America, Inc.                                           | CUSIP: 02344AAG3<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |    180000 | PA      | $184082.36    | 0.02%             | 2030-03-17      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                                           | American Homes 4 Rent LP                                                      | CUSIP: 02666TAK3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |     90000 | PA      | $91639.94     | 0.01%             | 2030-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                                                                     | Ovintiv, Inc.                                                                 | CUSIP: 292505AG9<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |     51000 | PA      | $53595.68     | 0.01%             | 2038-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                       | Apple, Inc.                                                                   | CUSIP: 037833EF3<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    108000 | PA      | $68903.71     | 0.01%             | 2051-02-08      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS, Principal Only STRIPS                | CUSIP: 31396HVT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2208 | PA      | $1958.53      | 0.00%             | 2036-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CDF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  26415000 | PA      | $24683579.16  | 2.80%             | 2028-10-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                            | M&T Bank Corp.                                                                | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    194000 | PA      | $198676.65    | 0.02%             | 2031-07-08      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                                              | Banco Santander SA                                                            | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |     85015 | NS      | $885730.95    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                       | ONEOK, Inc.                                                                   | CUSIP: 682680CY7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     80000 | PA      | $71096.29     | 0.01%             | 2045-04-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    325000 | PA      | $334026.67    | 0.04%             | 2030-01-16      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE ENTRMN                                                        | Time Warner Cable Enterprises LLC                                             | CUSIP: 88731EAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $217040.00    | 0.02%             | 2033-07-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                                                 | Nordea Bank Abp                                                               | CUSIP: 000000000<br>LEI: 529900ODI3047E2LIV03 | Long             | EC               | CORP              | FI        |     48896 | NS      | $802254.18    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures Europe - Financial Products Division                                | Future                                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |        39 | NC      | $30429.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CAIXABANK SA                                                                    | CaixaBank SA                                                                  | CUSIP: 12803RAB0<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    395000 | PA      | $403603.81    | 0.05%             | 2027-09-13      | Fixed         | 6.68%                 | No            |                  2 | On Loan: No      |
| ENTERGY LOUISIANA LLC                                                           | Entergy Louisiana LLC                                                         | CUSIP: 29364WBN7<br>LEI: 0V5453U14HDZO63CGH17 | Long             | DBT              | CORP              | US        |    132000 | PA      | $133203.85    | 0.02%             | 2054-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Angi Inc                                                                        | Angi, Inc.                                                                    | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Long             | EC               | CORP              | US        |      3188 | NS      | $51836.88     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                                                     | Gentex Corp.                                                                  | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     10608 | NS      | $300206.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SAN DIEGO G & E                                                                 | San Diego Gas & Electric Co.                                                  | CUSIP: 797440BY9<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |     65000 | PA      | $45571.96     | 0.01%             | 2050-04-15      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| Natera Inc                                                                      | Natera, Inc.                                                                  | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2928 | NS      | $471320.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                                                                   | Citigroup, Inc.                                                               | CUSIP: 172967LW9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    257000 | PA      | $256377.70    | 0.03%             | 2029-04-23      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Shopify Inc                                                                     | Shopify, Inc.                                                                 | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      2430 | NS      | $361122.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                                                      | Diageo PLC                                                                    | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |     10691 | NS      | $255287.08    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Siemens AG                                                                      | Siemens AG                                                                    | CUSIP: 000000000<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |      6423 | NS      | $1728380.56   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                                                            | Kraft Heinz Foods Co.                                                         | CUSIP: 50077LBJ4<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    220000 | PA      | $207798.70    | 0.02%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                                                          | Anglo American Capital PLC                                                    | CUSIP: 034863AX8<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    430000 | PA      | $394654.32    | 0.04%             | 2030-09-10      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                        | Mars, Inc.                                                                    | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    525000 | PA      | $531420.24    | 0.06%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| PUGET ENERGY INC                                                                | Puget Energy, Inc.                                                            | CUSIP: 745310AQ5<br>LEI: SYBSJ96YIDMIUY7WDR33 | Long             | DBT              | CORP              | US        |    291000 | PA      | $300289.36    | 0.03%             | 2035-03-15      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| KENVUE INC                                                                      | Kenvue, Inc.                                                                  | CUSIP: 49177JAR3<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |     31000 | PA      | $28752.42     | 0.00%             | 2063-03-22      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                            | M&T Bank Corp.                                                                | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    193000 | PA      | $195662.89    | 0.02%             | 2036-01-16      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Neurocrine Biosciences Inc                                                      | Neurocrine Biosciences, Inc.                                                  | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      2879 | NS      | $404154.02    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418ELY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2960779 | PA      | $3002758.60   | 0.34%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cie Generale des Etablissements Michelin SCA                                    | Cie Generale des Etablissements Michelin SCA                                  | CUSIP: 000000000<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     32377 | NS      | $1160893.76   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                       | ONEOK, Inc.                                                                   | CUSIP: 682680CR2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     32000 | PA      | $34386.05     | 0.00%             | 2030-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                                        | RTX Corp.                                                                     | CUSIP: 75513EAC5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    114000 | PA      | $77522.97     | 0.01%             | 2050-07-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS                               | CUSIP: 38377UD88<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    307960 | PA      | $309340.17    | 0.04%             | 2041-04-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | Citigroup, Inc.                                                               | CUSIP: 172967PG0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    239000 | PA      | $247879.17    | 0.03%             | 2035-02-13      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | Citigroup, Inc.                                                               | CUSIP: 17308CC53<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    549000 | PA      | $519706.19    | 0.06%             | 2030-11-05      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                                             | Gilead Sciences, Inc.                                                         | CUSIP: 375558BS1<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    370000 | PA      | $271654.29    | 0.03%             | 2040-10-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CORP                                                               | ITC Holdings Corp.                                                            | CUSIP: 465685AS4<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |    175000 | PA      | $181156.56    | 0.02%             | 2033-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Norfolk Southern Corp                                                           | Norfolk Southern Corp.                                                        | CUSIP: 655844BM9<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |     76000 | PA      | $64019.03     | 0.01%             | 2042-10-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                        | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175BV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    773000 | PA      | $509955.50    | 0.06%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| AutoZone Inc                                                                    | AutoZone, Inc.                                                                | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       209 | NS      | $896660.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS, Principal Only STRIPS                | CUSIP: 31397PGA2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4850 | PA      | $4402.13      | 0.00%             | 2032-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ON Semiconductor Corp                                                           | ON Semiconductor Corp.                                                        | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |      4600 | NS      | $226826.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen                       | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen                     | CUSIP: 000000000<br>LEI: 529900MUF4C20K50JS49 | Long             | EC               | CORP              | DE        |      2362 | NS      | $1506906.71   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DVMV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2486228 | PA      | $2598189.06   | 0.29%             | 2054-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ameriprise Financial Inc                                                        | Ameriprise Financial, Inc.                                                    | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |       596 | NS      | $292785.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                                                              | HCA Healthcare, Inc.                                                          | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       776 | NS      | $330731.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                                                                   | Boeing Co.                                                                    | CUSIP: 097023DU6<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    136000 | PA      | $157440.86    | 0.02%             | 2064-05-01      | Fixed         | 7.01%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                                  | Federal National Mortgage Association-ACES, Interest Only STRIPS              | CUSIP: 3136BBSN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1729605 | PA      | $71102.34     | 0.01%             | 2028-11-25      | Variable      | 2.10%                 | No            |                  2 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOF                                                        | Take-Two Interactive Software, Inc.                                           | CUSIP: 874054AN9<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |    262000 | PA      | $273592.88    | 0.03%             | 2034-06-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY OHIO INC                                                            | Duke Energy Ohio, Inc.                                                        | CUSIP: 26442EAM2<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |    510000 | PA      | $525916.74    | 0.06%             | 2035-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Amazon.com Inc                                                                  | Amazon.com, Inc.                                                              | CUSIP: 023135BF2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    599000 | PA      | $552271.38    | 0.06%             | 2037-08-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Sony Financial Group Inc                                                        | Sony Financial Group, Inc.                                                    | CUSIP: 000000000<br>LEI: 353800O7BDSU41WOZA60 | Long             | EC               | CORP              | JP        |     87400 | NS      | $96923.96     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MDC Holdings Inc                                                                | MDC Holdings, Inc.                                                            | CUSIP: 552676AQ1<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |    238000 | PA      | $226502.87    | 0.03%             | 2043-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEVADA POWER CO                                                                 | Nevada Power Co.                                                              | CUSIP: 641423CH9<br>LEI: MJZFGXRJ52U8U4MKJ519 | Long             | DBT              | CORP              | US        |    725000 | PA      | $735222.50    | 0.08%             | 2055-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Terumo Corp                                                                     | Terumo Corp.                                                                  | CUSIP: 000000000<br>LEI: 353800JX1R4582QVK932 | Long             | EC               | CORP              | JP        |     25400 | NS      | $419597.66    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| SOUTHERN POWER CO                                                               | Southern Power Co.                                                            | CUSIP: 843646AY6<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    272000 | PA      | $268246.64    | 0.03%             | 2035-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| General Motors Co                                                               | General Motors Co.                                                            | CUSIP: 37045VAT7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    129000 | PA      | $125765.64    | 0.01%             | 2049-04-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Copart Inc                                                                      | Copart, Inc.                                                                  | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      6685 | NS      | $300624.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association                                      | CUSIP: 36179XHV1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1566372 | PA      | $1402006.86   | 0.16%             | 2052-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ajinomoto Co Inc                                                                | Ajinomoto Co., Inc.                                                           | CUSIP: 000000000<br>LEI: 353800UT0TLROREPIC92 | Long             | EC               | CORP              | JP        |     22200 | NS      | $637395.27    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                     | BNP Paribas SA                                                                | CUSIP: 05565AM34<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    485000 | PA      | $513562.62    | 0.06%             | 2029-08-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Kinsale Capital Group Inc                                                       | Kinsale Capital Group, Inc.                                                   | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |       463 | NS      | $196895.38    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                                                        | JBS USA Holding Lux SARL/JBS USA Foods Group Holdings, Inc./JBS USA Food Co.  | CUSIP: 472140AJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    190000 | PA      | $195327.60    | 0.02%             | 2066-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| McKesson Corp                                                                   | McKesson Corp.                                                                | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       542 | NS      | $418716.68    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION EN GEN LLC                                                        | Constellation Energy Generation LLC                                           | CUSIP: 30161MAN3<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25337.25     | 0.00%             | 2042-06-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MRCD Mortgage Trust                                                             | MRCD Mortgage Trust                                                           | CUSIP: 55348UAG3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1230000 | PA      | $1088550.00   | 0.12%             | 2036-12-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Regions Financial Corp                                                          | Regions Financial Corp.                                                       | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |     24747 | NS      | $652578.39    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Emera Inc                                                                       | Emera, Inc.                                                                   | CUSIP: 290876AD3<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | DBT              | CORP              | CA        |    145000 | PA      | $145743.13    | 0.02%             | 2076-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Humana Inc                                                                      | Humana, Inc.                                                                  | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      1620 | NS      | $421475.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dupont De Nemours Inc                                                           | DuPont de Nemours, Inc.                                                       | CUSIP: 26078JAE0<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |    397000 | PA      | $406732.72    | 0.05%             | 2038-11-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds, Principal Only STRIPS                                    | CUSIP: 9128334S6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13775000 | PA      | $10941623.56  | 1.24%             | 2031-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS                               | CUSIP: 38375BR95<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      5017 | PA      | $4790.61      | 0.00%             | 2063-04-20      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS                               | CUSIP: 38375BK84<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      1099 | PA      | $1045.41      | 0.00%             | 2063-02-20      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO                                                         | Public Service Co. of Colorado                                                | CUSIP: 744448CX7<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    125000 | PA      | $105213.90    | 0.01%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                                                           | Athene Global Funding                                                         | CUSIP: 04685A4R9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    705000 | PA      | $716273.51    | 0.08%             | 2030-07-17      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                                                       | Apple, Inc.                                                                   | CUSIP: 037833DQ0<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    200000 | PA      | $136906.05    | 0.02%             | 2049-09-11      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810QZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2040527.35   | 0.23%             | 2043-02-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| DUQUESNE LIGHT HOLDINGS                                                         | Duquesne Light Holdings, Inc.                                                 | CUSIP: 266233AG0<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |    336000 | PA      | $329118.51    | 0.04%             | 2027-08-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Twilio Inc                                                                      | Twilio, Inc.                                                                  | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |      1896 | NS      | $189770.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                                                    | Synopsys, Inc.                                                                | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |       487 | NS      | $240280.93    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO RESOURCES CORP                                                           | Antero Resources Corp.                                                        | CUSIP: 03674XAS5<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |    303000 | PA      | $304758.01    | 0.03%             | 2030-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                                       | Apple, Inc.                                                                   | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     26981 | NS      | $6870172.03   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd                                                                 | Nintendo Co. Ltd.                                                             | CUSIP: 000000000<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |      5500 | NS      | $476231.53    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | Oracle Corp.                                                                  | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    173000 | PA      | $173469.69    | 0.02%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EastGroup Properties Inc                                                        | EastGroup Properties, Inc.                                                    | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               |  | US        |       995 | NS      | $168413.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                                                             | Erste Group Bank AG                                                           | CUSIP: 000000000<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |      4319 | NS      | $421884.30    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    455000 | PA      | $460136.52    | 0.05%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Danaher Corp                                                                    | Danaher Corp.                                                                 | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      2427 | NS      | $481177.02    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Aqua Finance Trust                                                              | Aqua Finance Issuer Trust                                                     | CUSIP: 038394AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    348790 | PA      | $354987.88    | 0.04%             | 2050-12-19      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPCO                                                         | Columbia Pipelines Operating Co. LLC                                          | CUSIP: 19828TAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    129000 | PA      | $136476.12    | 0.02%             | 2030-08-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT Capital Corp.                                                             | CUSIP: 05526DBY0<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     40000 | PA      | $42306.36     | 0.00%             | 2031-02-20      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                                                        | FirstEnergy Transmission LLC                                                  | CUSIP: 33767BAC3<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    388000 | PA      | $331208.61    | 0.04%             | 2049-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                                                   | AIB Group PLC                                                                 | CUSIP: 00135TAF1<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |    570000 | PA      | $586855.91    | 0.07%             | 2031-05-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| CENCORA INC                                                                     | Cencora, Inc.                                                                 | CUSIP: 03073EAW5<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56118.74     | 0.01%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                            | Glencore Funding LLC                                                          | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    130000 | PA      | $133937.49    | 0.02%             | 2030-04-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-1 A PTT                                                         | American Airlines Pass-Through Trust                                          | CUSIP: 02376WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    154964 | PA      | $151062.88    | 0.02%             | 2028-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                                        | Alexandria Real Estate Equities, Inc.                                         | CUSIP: 015271AZ2<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    216000 | PA      | $150165.29    | 0.02%             | 2052-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Smurfit WestRock PLC                                                            | Smurfit WestRock PLC                                                          | CUSIP: 000000000<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |      9020 | NS      | $383981.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                                       | Taiwan Semiconductor Manufacturing Co. Ltd.                                   | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     20000 | NS      | $856355.40    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS, Principal Only STRIPS                | CUSIP: 31397FVL3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3379 | PA      | $2969.26      | 0.00%             | 2037-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133KLE86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1147913 | PA      | $978773.81    | 0.11%             | 2051-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                  | NRG Energy, Inc.                                                              | CUSIP: 629377DA7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    230000 | PA      | $229927.21    | 0.03%             | 2030-10-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                                                   | Regeneron Pharmaceuticals, Inc.                                               | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       402 | NS      | $226032.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                          | PNC Financial Services Group, Inc.                                            | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     11000 | PA      | $10661.51     | 0.00%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Northern Natural Gas Co                                                         | Northern Natural Gas Co.                                                      | CUSIP: 665501AL6<br>LEI: 5493007M02M6CT9EXE41 | Long             | DBT              | CORP              | US        |     58000 | PA      | $47401.30     | 0.01%             | 2049-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DM3Q6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    819720 | PA      | $704266.16    | 0.08%             | 2051-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                                           | Huntington Bancshares, Inc.                                                   | CUSIP: 446150BC7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    262000 | PA      | $275738.64    | 0.03%             | 2029-08-21      | Fixed         | 6.21%                 | No            |                  2 | On Loan: No      |
| LFT CRE LLC                                                                     | LFT CRE Ltd.                                                                  | CUSIP: 50203JAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1420000 | PA      | $1398971.08   | 0.16%             | 2039-06-15      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ELEC POWER                                                         | Southwestern Electric Power Co.                                               | CUSIP: 845437BN1<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |     71000 | PA      | $55075.89     | 0.01%             | 2045-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| KGS-Alpha SBA COOF Trust                                                        | KGS-Alpha SBA COOF Trust, Interest Only STRIPS                                | CUSIP: 48249GAA2<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |     29014 | PA      | $1577.76      | 0.00%             | 2040-04-25      | Variable      | 2.64%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                             | Southern California Edison Co.                                                | CUSIP: 842400GY3<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    196000 | PA      | $119878.10    | 0.01%             | 2051-02-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                           | Mexico Government International Bonds                                         | CUSIP: 91087BAX8<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    350000 | PA      | $340025.00    | 0.04%             | 2053-05-04      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UnitedHealth Group, Inc.                                                      | CUSIP: 91324PDY5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    167000 | PA      | $124436.38    | 0.01%             | 2040-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS                                                          | Zimmer Biomet Holdings, Inc.                                                  | CUSIP: 98956PAZ5<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |    581000 | PA      | $594848.82    | 0.07%             | 2034-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                               | GreatAmerica Leasing Receivables Funding LLC                                  | CUSIP: 39154GAK2<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |    193000 | PA      | $195788.91    | 0.02%             | 2032-01-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                                       | Taiwan Semiconductor Manufacturing Co. Ltd.                                   | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      4191 | NS      | $1170504.39   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                        | Vistra Operations Co. LLC                                                     | CUSIP: 92840VAS1<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    305000 | PA      | $321563.64    | 0.04%             | 2034-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IAC Inc                                                                         | IAC, Inc.                                                                     | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |      6145 | NS      | $209360.15    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                                                              | Meta Platforms, Inc.                                                          | CUSIP: 30303M8Q8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    166000 | PA      | $168381.53    | 0.02%             | 2053-05-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Howmet Aerospace Inc                                                            | Howmet Aerospace, Inc.                                                        | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      5195 | NS      | $1019414.85   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                                                   | AppLovin Corp.                                                                | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |       616 | NS      | $442620.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fanniemae-Aces                                                                  | Federal National Mortgage Association-ACES, Interest Only STRIPS              | CUSIP: 3136BDXR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2836072 | PA      | $181578.37    | 0.02%             | 2033-11-25      | Variable      | 2.01%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                        | Federal Farm Credit Banks Funding Corp.                                       | CUSIP: 3133ENMU1<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   3831000 | PA      | $3199440.76   | 0.36%             | 2037-02-02      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                                                             | Elevance Health, Inc.                                                         | CUSIP: 94973VAY3<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    123000 | PA      | $110895.20    | 0.01%             | 2042-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                                                         | BPCE SA                                                                       | CUSIP: 05571ABA2<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |    290000 | PA      | $310344.22    | 0.04%             | 2036-01-14      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140QTKY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2595626 | PA      | $2701442.30   | 0.31%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | Oracle Corp.                                                                  | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    194000 | PA      | $195068.25    | 0.02%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                          | Santander Drive Auto Receivables Trust                                        | CUSIP: 80288JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    205000 | PA      | $206143.45    | 0.02%             | 2031-09-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CLS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3640000 | PA      | $3655640.64   | 0.41%             | 2026-10-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                                                        | Cheniere Energy Partners LP                                                   | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    240000 | PA      | $239231.24    | 0.03%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                                | Deutsche Bank AG                                                              | CUSIP: 25160PAN7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    460000 | PA      | $469844.91    | 0.05%             | 2027-07-13      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                                                              | Realty Income Corp.                                                           | CUSIP: 756109BL7<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              |  | US        |     98000 | PA      | $87451.22     | 0.01%             | 2032-12-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO G & E                                                                 | San Diego Gas & Electric Co.                                                  | CUSIP: 797440CA0<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |    222000 | PA      | $144750.38    | 0.02%             | 2051-08-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Mid-America Apartment Communities Inc                                           | Mid-America Apartment Communities, Inc.                                       | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               |  | US        |      3187 | NS      | $445319.51    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMCOR FLEXIBLES NORTH AM                                                        | Amcor Flexibles North America, Inc.                                           | CUSIP: 02344AAH1<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |    285000 | PA      | $293466.56    | 0.03%             | 2035-03-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                       | Boeing Co.                                                                    | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    327000 | PA      | $326693.85    | 0.04%             | 2050-05-01      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                                               | Union Electric Co.                                                            | CUSIP: 906548CX8<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |    178000 | PA      | $170149.11    | 0.02%             | 2054-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oscar Health Inc                                                                | Oscar Health, Inc.                                                            | CUSIP: 687793109<br>LEI: 254900AE8KDLFDOPKZ19 | Long             | EC               | CORP              | US        |      7698 | NS      | $145723.14    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| VENTURE GLOBAL CALCASIEU                                                        | Venture Global Calcasieu Pass LLC                                             | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    340000 | PA      | $354467.00    | 0.04%             | 2030-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS                                       | CUSIP: 3137HHEP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1877817 | PA      | $1889423.40   | 0.21%             | 2054-11-25      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                            | Enel Finance International NV                                                 | CUSIP: 29278GBH0<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |    200000 | PA      | $197083.51    | 0.02%             | 2035-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Murphy USA Inc                                                                  | Murphy USA, Inc.                                                              | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |       889 | NS      | $345163.14    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                          | General Motors Financial Co., Inc.                                            | CUSIP: 37045XFC5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    430000 | PA      | $443649.40    | 0.05%             | 2035-01-07      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| BIMBO BAKERIES USA INC                                                          | Bimbo Bakeries USA, Inc.                                                      | CUSIP: 09031WAE3<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | CORP              | US        |    230000 | PA      | $233443.65    | 0.03%             | 2036-01-09      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                                                     | Exelon Corp.                                                                  | CUSIP: 30161NBQ3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209039.55    | 0.02%             | 2055-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF MIAMI                                                             | University of Miami                                                           | CUSIP: 914453AA3<br>LEI: 5493008ZSVWUNRYQE312 | Long             | DBT              | CORP              | US        |    272000 | PA      | $218983.66    | 0.02%             | 2052-04-01      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                                                             | Quanta Services, Inc.                                                         | CUSIP: 74762EAN2<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |    435000 | PA      | $434737.70    | 0.05%             | 2031-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Goodgreen Trust                                                                 | Goodgreen Trust                                                               | CUSIP: 38218AAA3<br>LEI: 549300X0P2BXCQULUH20 | Long             | ABS-O            | CORP              | US        |       757 | PA      | $756.31       | 0.00%             | 2051-10-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6240000 | PA      | $5760300.00   | 0.65%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                                                                 | CMS Energy Corp.                                                              | CUSIP: 125896BY5<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    215000 | PA      | $222600.04    | 0.03%             | 2055-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                            | Glencore Funding LLC                                                          | CUSIP: 378272CA4<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    875000 | PA      | $909415.54    | 0.10%             | 2035-04-01      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                             | Fifth Third Bancorp                                                           | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      5468 | NS      | $243599.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810RB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1100000 | PA      | $861781.25    | 0.10%             | 2043-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                       | Amgen, Inc.                                                                   | CUSIP: 031162CU2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    586000 | PA      | $542817.91    | 0.06%             | 2030-02-21      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31419AN52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     61457 | PA      | $61548.91     | 0.01%             | 2040-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Novartis AG                                                                     | Novartis AG                                                                   | CUSIP: 000000000<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      8127 | NS      | $1022140.87   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                                                           | Tennessee Valley Authority                                                    | CUSIP: 880591CS9<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    874000 | PA      | $977928.08    | 0.11%             | 2036-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Mettler-Toledo International Inc                                                | Mettler-Toledo International, Inc.                                            | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |       142 | NS      | $174320.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 912828YQ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    900000 | PA      | $880312.50    | 0.10%             | 2026-10-31      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                          | Pacific Gas & Electric Co.                                                    | CUSIP: 694308KJ5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     83000 | PA      | $87846.67     | 0.01%             | 2033-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CLR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21990000 | PA      | $22339606.70  | 2.53%             | 2029-10-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                     | Future                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        33 | NC      | $154369.71    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                                                       | Amgen, Inc.                                                                   | CUSIP: 031162CR9<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    137000 | PA      | $107828.25    | 0.01%             | 2040-02-21      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XGV89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2702073 | PA      | $2394596.91   | 0.27%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Travelers Cos Inc/The                                                           | Travelers Cos., Inc.                                                          | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      2781 | NS      | $776510.82    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AIA Group Ltd                                                                   | AIA Group Ltd.                                                                | CUSIP: 000000000<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     82400 | NS      | $790439.41    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XHXF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2832264 | PA      | $2423697.47   | 0.27%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                               | HSBC Holdings PLC                                                             | CUSIP: 404280EF2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    410000 | PA      | $418610.24    | 0.05%             | 2028-05-17      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                                    | CaixaBank SA                                                                  | CUSIP: 12803RAC8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |    245000 | PA      | $272997.34    | 0.03%             | 2034-09-13      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| AIR CANADA 2015-2AA PTT                                                         | Air Canada Pass-Through Trust                                                 | CUSIP: 009088AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    551858 | PA      | $540763.00    | 0.06%             | 2027-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                        | AT&T, Inc.                                                                    | CUSIP: 00206RLV2<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    354000 | PA      | $242031.48    | 0.03%             | 2059-09-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co                                                                 | Weyerhaeuser Co.                                                              | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               |  | US        |     12249 | NS      | $303652.71    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | Energy Transfer LP                                                            | CUSIP: 29273VBA7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    199000 | PA      | $204235.82    | 0.02%             | 2034-09-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                                        | Met Tower Global Funding                                                      | CUSIP: 58989V2H6<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |    430000 | PA      | $444628.76    | 0.05%             | 2029-04-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS                                                          | Zimmer Biomet Holdings, Inc.                                                  | CUSIP: 98956PBC5<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |    347000 | PA      | $361433.80    | 0.04%             | 2035-02-19      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS                                  | CUSIP: 3136BSPM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1831979 | PA      | $1834531.02   | 0.21%             | 2054-09-25      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Tencent Holdings Ltd                                                            | Tencent Holdings Ltd.                                                         | CUSIP: 000000000<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     16200 | NS      | $1380193.91   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5500000 | PA      | $5105117.16   | 0.58%             | 2044-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                             | NatWest Markets PLC                                                           | CUSIP: 63906YAP3<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |    560000 | PA      | $574999.82    | 0.07%             | 2030-03-21      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                                                          | Federal Home Loan Banks                                                       | CUSIP: 3130ALDV3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   4510000 | PA      | $3580804.65   | 0.41%             | 2036-02-22      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                                   | Citigroup, Inc.                                                               | CUSIP: 172967LS8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    447000 | PA      | $441043.63    | 0.05%             | 2028-10-27      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| ENTERGY MISSISSIPPI LLC                                                         | Entergy Mississippi LLC                                                       | CUSIP: 29366WAG1<br>LEI: 54930043I78H35DVVW89 | Long             | DBT              | CORP              | US        |    343000 | PA      | $351384.31    | 0.04%             | 2055-04-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp                                                         | Marathon Petroleum Corp.                                                      | CUSIP: 56585AAH5<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |     74000 | PA      | $63691.66     | 0.01%             | 2044-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                                                          | Marvell Technology, Inc.                                                      | CUSIP: 573874AR5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35455.88     | 0.00%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD                                                        | Cheniere Corpus Christi Holdings LLC                                          | CUSIP: 16412XAG0<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    192000 | PA      | $194095.16    | 0.02%             | 2027-06-30      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | Bank of America Corp.                                                         | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256074.66    | 0.03%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                          | Future                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |      -140 | NC      | $-102343.82   | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                          | PNC Financial Services Group, Inc.                                            | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128633.52    | 0.01%             | 2036-07-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | Bank of America Corp.                                                         | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    228000 | PA      | $202502.79    | 0.02%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132H3XT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     65663 | PA      | $62052.88     | 0.01%             | 2042-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                          | PNC Financial Services Group, Inc.                                            | CUSIP: 693475BP9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    218000 | PA      | $223690.02    | 0.03%             | 2030-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                                                            | Booking Holdings, Inc.                                                        | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       213 | NS      | $1150044.51   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP PARIBAS                                                                     | BNP Paribas SA                                                                | CUSIP: 09659W3D4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    410000 | PA      | $417834.23    | 0.05%             | 2031-05-09      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| ENI SPA                                                                         | Eni SpA                                                                       | CUSIP: 26874RAP3<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |    400000 | PA      | $399868.26    | 0.05%             | 2054-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc                                                            | Keurig Dr. Pepper, Inc.                                                       | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     10971 | NS      | $279870.21    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY INC                                                             | Cheniere Energy, Inc.                                                         | CUSIP: 16411RAK5<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    315000 | PA      | $314015.19    | 0.04%             | 2028-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Merck & Co Inc                                                                  | Merck & Co., Inc.                                                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      4257 | NS      | $357290.01    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                                                       | Safran SA                                                                     | CUSIP: 000000000<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |      7294 | NS      | $2569914.01   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinix Inc                                                                     | Equinix, Inc.                                                                 | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               |  | US        |       473 | NS      | $370472.52    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC                                                                    | NiSource, Inc.                                                                | CUSIP: 65473PAR6<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    216000 | PA      | $224776.94    | 0.03%             | 2054-11-30      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                           | Uber Technologies, Inc.                                                       | CUSIP: 90353TAQ3<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    316000 | PA      | $306592.33    | 0.03%             | 2054-09-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                           | Toronto-Dominion Bank                                                         | CUSIP: 89115A3G5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    265000 | PA      | $276761.03    | 0.03%             | 2032-01-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XQM38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    687456 | PA      | $698690.97    | 0.08%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPCO                                                         | Columbia Pipelines Operating Co. LLC                                          | CUSIP: 19828TAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $54544.08     | 0.01%             | 2055-02-15      | Fixed         | 5.96%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175BT0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |    116000 | PA      | $91875.56     | 0.01%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SANTOS FINANCE LTD                                                              | Santos Finance Ltd.                                                           | CUSIP: 803014AB5<br>LEI: 213800BKUBSWG53XNS94 | Long             | DBT              | CORP              | AU        |    196000 | PA      | $215556.29    | 0.02%             | 2033-09-19      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                                                  | Merck & Co., Inc.                                                             | CUSIP: 58933YBN4<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |     86000 | PA      | $80984.47     | 0.01%             | 2063-05-17      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL                                                         | Southern Co. Gas Capital Corp.                                                | CUSIP: 8426EPAG3<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    135000 | PA      | $143072.90    | 0.02%             | 2033-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                             | American Express Co.                                                          | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    160000 | PA      | $162521.52    | 0.02%             | 2029-04-25      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association                                      | CUSIP: 36179XHX7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1900096 | PA      | $1802919.85   | 0.20%             | 2052-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 6174468X0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    210000 | PA      | $183272.82    | 0.02%             | 2032-04-28      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | Citigroup, Inc.                                                               | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    322000 | PA      | $323498.38    | 0.04%             | 2030-09-19      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| Dupont De Nemours Inc                                                           | DuPont de Nemours, Inc.                                                       | CUSIP: 26078JAF7<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108751.10    | 0.01%             | 2048-11-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                                             | Intesa Sanpaolo SpA                                                           | CUSIP: 46115HBZ9<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |    250000 | PA      | $275180.20    | 0.03%             | 2033-06-20      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Flutter Entertainment PLC                                                       | Flutter Entertainment PLC                                                     | CUSIP: 000000000<br>LEI: 635400EG4YIJLJMZJ782 | Long             | EC               | CORP              | IE        |      1227 | NS      | $311658.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                                                                  | Home Depot, Inc.                                                              | CUSIP: 437076CG5<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    458000 | PA      | $267519.24    | 0.03%             | 2051-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                                                  | Eli Lilly & Co.                                                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       683 | NS      | $521129.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ENGIE SA                                                                        | Engie SA                                                                      | CUSIP: 29286DAA3<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | DBT              | CORP              | FR        |    240000 | PA      | $247017.52    | 0.03%             | 2029-04-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tokio Marine Holdings Inc                                                       | Tokio Marine Holdings, Inc.                                                   | CUSIP: 000000000<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |     11600 | NS      | $491736.15    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| InterContinental Hotels Group PLC                                               | InterContinental Hotels Group PLC                                             | CUSIP: 000000000<br>LEI: 2138007ZFQYRUSLU3J98 | Long             | EC               | CORP              | GB        |      2949 | NS      | $355918.58    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Arthur J Gallagher & Co                                                         | Arthur J Gallagher & Co.                                                      | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      1696 | NS      | $525319.04    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein Inc                                                                | Henry Schein, Inc.                                                            | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |      9944 | NS      | $659983.28    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                                                                | T-Mobile USA, Inc.                                                            | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    263000 | PA      | $257894.78    | 0.03%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                    | Broadcom, Inc.                                                                | CUSIP: 11135FCL3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    280000 | PA      | $286436.56    | 0.03%             | 2032-07-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO                                                        | Virginia Electric & Power Co.                                                 | CUSIP: 927804GD0<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |    274000 | PA      | $159514.23    | 0.02%             | 2050-12-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Amazon.com Inc                                                                  | Amazon.com, Inc.                                                              | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     32020 | NS      | $7030631.40   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                                                   | Citigroup, Inc.                                                               | CUSIP: 17327CBA0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    830000 | PA      | $848427.49    | 0.10%             | 2036-03-27      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418EGT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3470236 | PA      | $3458663.15   | 0.39%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS                               | CUSIP: 38375BR61<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        32 | PA      | $31.53        | 0.00%             | 2062-04-20      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association REMICS                               | CUSIP: 38376RN28<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    100222 | PA      | $100758.80    | 0.01%             | 2066-12-20      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Infineon Technologies AG                                                        | Infineon Technologies AG                                                      | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |     15695 | NS      | $611767.27    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                                                        | Santander U.K. Group Holdings PLC                                             | CUSIP: 80281LAV7<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |    590000 | PA      | $615539.87    | 0.07%             | 2031-04-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                                                 | Danske Bank AS                                                                | CUSIP: 23636ABJ9<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |    675000 | PA      | $678529.62    | 0.08%             | 2030-10-02      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                | CUSIP: 61744YAP3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    214000 | PA      | $212145.05    | 0.02%             | 2029-01-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                         | HCA, Inc.                                                                     | CUSIP: 404119BZ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    167000 | PA      | $152970.21    | 0.02%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                                                             | Cardinal Health, Inc.                                                         | CUSIP: 14149YBV9<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201190.62    | 0.02%             | 2035-09-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                                                     | Netflix, Inc.                                                                 | CUSIP: 64110LAU0<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    128000 | PA      | $133941.05    | 0.02%             | 2029-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY FIN                                                          | Berkshire Hathaway Finance Corp.                                              | CUSIP: 084664DB4<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |     56000 | PA      | $43931.21     | 0.00%             | 2052-03-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                                                                      | Zoetis, Inc.                                                                  | CUSIP: 98978VAS2<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |    427000 | PA      | $388284.38    | 0.04%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust Llc                                                         | SCF Equipment Trust LLC                                                       | CUSIP: 78437DAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    667000 | PA      | $684134.50    | 0.08%             | 2034-09-20      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                                                             | Southern California Edison Co.                                                | CUSIP: 842400JH7<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     27000 | PA      | $26202.24     | 0.00%             | 2055-03-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Loews Corp                                                                      | Loews Corp.                                                                   | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |      7120 | NS      | $714776.80    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT CORP                                                                        | EQT Corp.                                                                     | CUSIP: 26884LAZ2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    468000 | PA      | $485309.67    | 0.05%             | 2029-04-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 61747YFV2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    295000 | PA      | $298194.63    | 0.03%             | 2055-11-19      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association REMICS                                  | CUSIP: 3136BKYQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4263853 | PA      | $3822270.85   | 0.43%             | 2048-09-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                                                        | Federal Farm Credit Banks Funding Corp.                                       | CUSIP: 3133EMSR4<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   2660000 | PA      | $2163909.31   | 0.25%             | 2036-03-10      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                                  | Federal National Mortgage Association-ACES, Interest Only STRIPS              | CUSIP: 3136BBTD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2397830 | PA      | $129775.33    | 0.01%             | 2030-07-25      | Variable      | 2.05%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                                        | Duke Energy Progress LLC                                                      | CUSIP: 26442UAV6<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |     13000 | PA      | $13052.01     | 0.00%             | 2055-03-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWES8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7302772 | PA      | $7121520.08   | 0.81%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Mohawk Industries Inc                                                           | Mohawk Industries, Inc.                                                       | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |      2609 | NS      | $336352.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp. REMICS, Principal Only STRIPS                | CUSIP: 31398W2B9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8967 | PA      | $7487.41      | 0.00%             | 2040-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                                                         | Bristol-Myers Squibb Co.                                                      | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     26080 | NS      | $1176208.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                                                                 | McDonald's Corp.                                                              | CUSIP: 58013MEN0<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    271000 | PA      | $222106.15    | 0.03%             | 2042-02-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Lendmark Funding Trust                                                          | Lendmark Funding Trust                                                        | CUSIP: 52603GAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1030000 | PA      | $1036831.78   | 0.12%             | 2034-10-20      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| Consumers Energy Co                                                             | Consumers Energy Co.                                                          | CUSIP: 210518CU8<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    224000 | PA      | $186253.07    | 0.02%             | 2043-05-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                          | Verizon Communications, Inc.                                                  | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    929000 | PA      | $812755.92    | 0.09%             | 2031-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| American Express Co                                                             | American Express Co.                                                          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      3639 | NS      | $1208730.24   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| REGAL REXNORD CORP                                                              | Regal Rexnord Corp.                                                           | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    361000 | PA      | $373430.01    | 0.04%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                                                        | Saudi Government International Bonds                                          | CUSIP: 80413TAV1<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    200000 | PA      | $171266.28    | 0.02%             | 2033-02-02      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp                                                      | Capital One Financial Corp.                                                   | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      4859 | NS      | $1032926.22   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Inc                                             | Public Service Enterprise Group, Inc.                                         | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      2251 | NS      | $187868.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                                                   | Citigroup, Inc.                                                               | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    274000 | PA      | $274148.12    | 0.03%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                         | Metropolitan Life Global Funding I                                            | CUSIP: 59217GFP9<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    545000 | PA      | $564571.97    | 0.06%             | 2033-03-28      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                         | HCA, Inc.                                                                     | CUSIP: 404121AL9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    166000 | PA      | $165635.99    | 0.02%             | 2054-09-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Fanniemae-Aces                                                                  | Federal National Mortgage Association-ACES                                    | CUSIP: 3136BBHB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    217817 | PA      | $204065.69    | 0.02%             | 2028-11-25      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | Bank of America Corp.                                                         | CUSIP: 06051GJE0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     58000 | PA      | $42741.03     | 0.00%             | 2041-06-19      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| Eaton Corp PLC                                                                  | Eaton Corp. PLC                                                               | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |      2541 | NS      | $950969.25    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                                                             | Gilead Sciences, Inc.                                                         | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      3212 | NS      | $356532.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ASX Clear (Futures)                                                             | Future                                                                        | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DE               |  | AU        |       -19 | NC      | $-2222.15     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |         0 | PA      | $0.00         | 0.00%             | 2050-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                    | UBS Group AG                                                                  | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $220302.80    | 0.02%             | 2028-11-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                        | Vistra Operations Co. LLC                                                     | CUSIP: 92840VAQ5<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    300000 | PA      | $334602.00    | 0.04%             | 2033-10-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips                                                                  | ConocoPhillips                                                                | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      8958 | NS      | $847337.22    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Heineken NV                                                                     | Heineken NV                                                                   | CUSIP: 000000000<br>LEI: 724500K5PTPSST86UQ23 | Long             | EC               | CORP              | NL        |      6601 | NS      | $514748.92    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association                                      | CUSIP: 36179XDE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8229116 | PA      | $8041430.84   | 0.91%             | 2052-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** TRANSAMERICA SERIES TRUST

**Signature:** Kari Seabrands

**Name of Signer:** Kari Seabrands

**Title:** Treasurer