# EDGAR Filing Document

**Accession Number:** 0000927972
**File Stem:** 0001410368-25-031200
**Filing Date:** 2025-11
**Character Count:** 133010
**Document Hash:** 6107965324453c6e4614859ddc0e48c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-031200.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-031200

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MASSMUTUAL PREMIER FUNDS
- **CENTRAL INDEX KEY:** 0000927972

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08690
- **FILM NUMBER:** 251522947

**BUSINESS ADDRESS:**
- **STREET 1:** 1295 STATE STREET
- **CITY:** SPRINGFIELD
- **STATE:** MA
- **ZIP:** 01111
- **BUSINESS PHONE:** 413-744-1000

**MAIL ADDRESS:**
- **STREET 1:** 1295 STATE STREET
- **CITY:** SPRINGFIELD
- **STATE:** MA
- **ZIP:** 01111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DLB FUND GROUP
- **DATE OF NAME CHANGE:** 19940804

## Series and Classes Contracts Data

### MassMutual Diversified Bond Fund (Series ID: S000003793)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000010553 | Class A              | MDVAX           |
| C000010554 | Administrative Class | MDBLX           |
| C000010556 | Class R5             | MDBSX           |
| C000010557 | Service Class        | MDBYX           |
| C000095045 | Class I              | MDBZX           |
| C000137084 | Class R4             | MDBFX           |
| C000137085 | Class R3             | MDBRX           |
| C000241053 | Class Y              | MMOBX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MASSMUTUAL PREMIER FUNDS

- **b. Investment Company Act file number:** 811-08690

- **c. CIK number of Registrant:** 0000927972

- **d. LEI of Registrant:** E8MCNB0YZSDBDPFJ3093

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

  - **Street Address 1:** 1295 State Street

  - **City:** Springfield

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01111-0001

  - **Telephone number:** 413-744-1000

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

- **a. Name of Series:** MassMutual Premier Diversified Bond Fund

- **b. EDGAR series identifier (if any):** S000003793

- **c. LEI of Series:** K54W1APUVXN0HB558035

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

- **a. Date of fiscal year-end:** 2025-09-30

- **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:** $80081056.78

**Total Liabilities:** $10550547.36

**Net Assets:** $69530509.42

**Delayed Delivery Securities:** $70990.06

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -57.45000000 | **1-Year:** -1291.58000000 | **5-Year:** -4538.28000000 | **10-Year:** -3766.20000000 | **30-Year:** -1815.09000000

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

- **3-Month:** -53.79000000 | **1-Year:** -1240.05000000 | **5-Year:** -4117.85000000 | **10-Year:** -1797.92000000 | **30-Year:** -499.08000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000137084 | 0.08%                | 1.17%                | 1.44%                |
| Class ID C000137085 | 0.06%                | 1.14%                | 1.41%                |
| Class ID C000095045 | 0.14%                | 1.13%                | 1.49%                |
| Class ID C000010554 | 0.22%                | 1.05%                | 1.44%                |
| Class ID C000010557 | 0.23%                | 1.06%                | 1.45%                |
| Class ID C000241053 | 0.11%                | 1.20%                | 1.48%                |
| Class ID C000010556 | 0.11%                | 1.08%                | 1.48%                |
| Class ID C000010553 | 0.08%                | 1.03%                | 1.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $21036.58                | $-135344.15                                |
| Month 2  | $-47597.95               | $520726.38                                 |
| Month 3  | $89638.59                | $537403.88                                 |

**Designated Index Information**

- **Index Name:** Barclays US Aggregate

- **Index Identifier:** LEHM50

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PHILLIPS 66 CO                           | Phillips 66 Co                                                               | CUSIP: 718547BA9<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |     105000 | PA      | $105280.88    | 0.15%             | 2056-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED BRL / SOLD USD                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | BR        |          1 | NC      | $1598.64      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                           | Morgan Stanley                                                               | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     210000 | PA      | $182411.60    | 0.26%             | 2036-09-16      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| SIXTH STREET SPECIALTY                   | Sixth Street Specialty Lending Inc                                           | CUSIP: 83012AAC3<br>LEI: 549300TX61566GJWCN05 | Long             | DBT              | CORP              | US        |      79000 | PA      | $81406.09     | 0.12%             | 2029-03-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                      | Petroleos Mexicanos                                                          | CUSIP: 71654QCK6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     150000 | PA      | $149360.77    | 0.21%             | 2028-02-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                 | Hilcorp Energy I LP / Hilcorp Finance Co                                     | CUSIP: 431318BG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     593000 | PA      | $579531.01    | 0.83%             | 2035-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Hercules Trust II                        | HERCULES TR II                                                               | CUSIP: 427098116<br>LEI: N/A                  | N/A              | DE               |  | US        |        150 | NS      | $3458.34      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| SMITHFIELD FOODS INC                     | Smithfield Foods Inc                                                         | CUSIP: 832248BD9<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | DBT              | CORP              | US        |     165000 | PA      | $144534.13    | 0.21%             | 2031-09-13      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| BGC GROUP INC                            | BGC Group Inc                                                                | CUSIP: 05555LAB7<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |     425000 | PA      | $442024.25    | 0.64%             | 2029-06-10      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                         | CIFC Funding 2019-VI Ltd                                                     | CUSIP: 12555XAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     500000 | PA      | $501760.50    | 0.72%             | 2037-07-16      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac Pool                                                             | CUSIP: 3133KKWE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     398209 | PA      | $326120.48    | 0.47%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                           | CUSIP: 36179SYS0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     426555 | PA      | $397357.97    | 0.57%             | 2047-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                      | American Express Co                                                          | CUSIP: 025816CH0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     150000 | PA      | $147133.08    | 0.21%             | 2026-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                        | Magnetite XXVI Ltd                                                           | CUSIP: 55954YAW5<br>LEI: 549300F7COUCG1RROP29 | Long             | ABS-CBDO         | CORP              | KY        |     500000 | PA      | $500055.50    | 0.72%             | 2038-01-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                 | Benchmark 2021-B25 Mortgage Trust                                            | CUSIP: 08163DBV8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     500000 | PA      | $338463.25    | 0.49%             | 2054-04-15      | Variable      | 3.09%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                 | CHS/Community Health Systems Inc                                             | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     445000 | PA      | $384812.95    | 0.55%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Hin Timeshare Trust                      | HINNT 2025-A LLC                                                             | CUSIP: 433403AD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     581416 | PA      | $582845.04    | 0.84%             | 2044-03-15      | Fixed         | 8.22%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD JPY                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $1703.84      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| harvest commercial capital loan trust    | Harvest Commercial Capital Loan Trust 2025-1                                 | CUSIP: 41757CAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     198187 | PA      | $200847.92    | 0.29%             | 2057-06-25      | Variable      | 6.73%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust               | Navient Student Loan Trust 2018-EA                                           | CUSIP: 63890BAC0<br>LEI: 549300761SV59SBM0Z40 | Long             | ABS-O            | CORP              | US        |     140000 | PA      | $137602.04    | 0.20%             | 2059-12-15      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| Aimco                                    | Aimco CLO 15 Ltd                                                             | CUSIP: 00889BAE1<br>LEI: 254900QER1MDK5C1YE06 | Long             | ABS-CBDO         | CORP              | KY        |     500000 | PA      | $500333.00    | 0.72%             | 2038-04-17      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                         | Enstar Group Ltd                                                             | CUSIP: 29359UAC3<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |     200000 | PA      | $178629.94    | 0.26%             | 2031-09-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                            | Citigroup Inc                                                                | CUSIP: 172967PM7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     101000 | PA      | $107277.15    | 0.15%             | 2034-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                 | Celanese US Holdings LLC                                                     | CUSIP: 15089QAW4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |     160000 | PA      | $166036.91    | 0.24%             | 2028-11-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| harvest commercial capital loan trust    | Harvest Commercial Capital Loan Trust 2025-1                                 | CUSIP: 41757CAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     197481 | PA      | $200127.23    | 0.29%             | 2057-06-25      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                       | BGS3QF725 BARINGS                                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |    -100000 | OU      | $-505.80      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HERCULES CAPITAL INC                     | Hercules Capital Inc                                                         | CUSIP: 427096AN2<br>LEI: 549300UJ5OC256GR2B73 | Long             | DBT              | CORP              | US        |     125000 | PA      | $127493.96    | 0.18%             | 2030-06-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NOV INC                                  | NOV Inc                                                                      | CUSIP: 637071AK7<br>LEI: 549300EHF3IW1AR6U008 | Long             | DBT              | CORP              | US        |     114000 | PA      | $88648.84     | 0.13%             | 2042-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| Wells Fargo Commercial Mortgage Trust    | Wells Fargo Commercial Mortgage Trust 2021-FCMT                              | CUSIP: 95003EAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     461000 | PA      | $459885.21    | 0.66%             | 2031-05-15      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 3140XJLR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1269666 | PA      | $1090727.73   | 1.57%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED NGN / SOLD USD                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | NG        |          1 | NC      | $2750.58      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CVS Pass-Through Trust                   | CVS Pass-Through Trust                                                       | CUSIP: 126650BY5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     133542 | PA      | $135707.04    | 0.20%             | 2034-01-10      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                | Nelnet Student Loan Trust 2006-3                                             | CUSIP: 64031AAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      53752 | PA      | $48542.45     | 0.07%             | 2041-06-25      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                    | Time Warner Cable LLC                                                        | CUSIP: 88732JBD9<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |      80000 | PA      | $64278.18     | 0.09%             | 2042-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD VND                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $-490.14      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                 | Corebridge Financial Inc                                                     | CUSIP: 21871XAP4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |     265000 | PA      | $271749.04    | 0.39%             | 2052-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                | Nelnet Student Loan Trust 2012-4                                             | CUSIP: 64033AAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     250000 | PA      | $229259.23    | 0.33%             | 2049-07-26      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                    | Foundry JV Holdco LLC                                                        | CUSIP: 350930AH6<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |     225000 | PA      | $239040.60    | 0.34%             | 2036-01-25      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| ANTARES HOLDINGS                         | Antares Holdings LP                                                          | CUSIP: 03666HAG6<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |     325000 | PA      | $332254.61    | 0.48%             | 2029-02-08      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AXIS SPECIALTY FINANCE                   | AXIS Specialty Finance LLC                                                   | CUSIP: 05463HAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     175000 | PA      | $169858.34    | 0.24%             | 2040-01-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED NGN / SOLD USD                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | NG        |          1 | NC      | $1877.90      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                    | Huntington Bancshares Inc/OH                                                 | CUSIP: 446150BF0<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |     140000 | PA      | $145685.65    | 0.21%             | 2039-11-18      | Fixed         | 6.14%                 | No            |                  2 | On Loan: No      |
| MCA Fund Holding Llc                     | MCA Fund Holding LLC                                                         | CUSIP: 55283AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      25244 | PA      | $24971.68     | 0.04%             | 2035-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HERCULES CAPITAL INC                     | Hercules Capital Inc                                                         | CUSIP: 427096AH5<br>LEI: 549300UJ5OC256GR2B73 | Long             | DBT              | CORP              | US        |     168000 | PA      | $165002.03    | 0.24%             | 2026-09-16      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED MXN / SOLD USD                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | MX        |          1 | NC      | $15491.08     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                       | BGS3TUTV1 BARINGS                                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        | -238000000 | OU      | $-1311.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MetLife Capital Trust IV                 | MetLife Capital Trust IV                                                     | CUSIP: 591560AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     225000 | PA      | $251670.60    | 0.36%             | 2037-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                       | BGS3QF6Z3 BARINGS                                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |    -100000 | OU      | $-302.60      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TOURMALINE OIL CORP                      | TOURMALINE OIL CORP                                                          | CUSIP: 000000000<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |      19076 | NS      | $13706.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET CORP                        | State Street Corp                                                            | CUSIP: 857477CS0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     185000 | PA      | $190876.90    | 0.27%             | 2030-09-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: —       |
| CALIFORNIA BUYER/ATLANTI                 | California Buyer Ltd / Atlantica Sustainable Infrastructure PLC              | CUSIP: 13005HAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |     417000 | PA      | $427396.23    | 0.61%             | 2032-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                     | Bank of America Corp                                                         | CUSIP: 06055HAK9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     160000 | PA      | $162044.25    | 0.23%             | 2030-07-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP                    | Lincoln National Corp                                                        | CUSIP: 534187BR9<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |     169000 | PA      | $181740.74    | 0.26%             | 2027-12-01      | Fixed         | 9.25%                 | Yes           |                  2 | On Loan: No      |
| Standard Chartered Bank                  | PURCHASED KES / SOLD USD                                                     | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | KE        |          1 | NC      | $606.98       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED AIR 2018-1 B PTT                  | United Airlines 2018-1 Class B Pass Through Trust                            | CUSIP: 90932NAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      34670 | PA      | $34487.10     | 0.05%             | 2026-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac REMICS                                                           | CUSIP: 3133TLUH9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       1270 | PA      | $1315.74      | 0.00%             | 2029-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd                   | Rockford Tower CLO 2018-1 Ltd                                                | CUSIP: 77342JAC7<br>LEI: 549300KPFGDIQ0PMP224 | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $250466.00    | 0.36%             | 2031-05-20      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| EPR PROPERTIES                           | EPR Properties                                                               | CUSIP: 26884UAF6<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              |  | US        |      95000 | PA      | $91457.44     | 0.13%             | 2029-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                            | PURCHASED TRY / SOLD USD                                                     | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | TR        |          1 | NC      | $10532.48     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED EGP / SOLD USD                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |          1 | NC      | $1502.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                           | Sabre GLBL Inc                                                               | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     163000 | PA      | $157523.01    | 0.23%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED MXN / SOLD USD                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | MX        |          1 | NC      | $2017.38      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds    | Mexico Government International Bonds                                        | CUSIP: 91086QBB3<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     174000 | PA      | $144550.50    | 0.21%             | 2044-03-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                | College Ave Student Loans 2019-A LLC                                         | CUSIP: 19421UAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      95541 | PA      | $90724.91     | 0.13%             | 2048-12-28      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 3140XCRS9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     379120 | PA      | $325097.42    | 0.47%             | 2051-09-01      | Fixed         | 2.50%                 | 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        |    2852262 | NS      | $2852262.50   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank                                     | BANK 2020-BNK30                                                              | CUSIP: 06541UBG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     500000 | PA      | $367962.65    | 0.53%             | 2053-12-15      | Variable      | 3.02%                 | No            |                  2 | On Loan: No      |
| RFR Trust                                | RFR Trust 2025-SGRM                                                          | CUSIP: 74984NAG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     300000 | PA      | $304596.90    | 0.44%             | 2041-03-11      | Variable      | 6.01%                 | No            |                  2 | On Loan: No      |
| SABLE INTL FINANCE LTD                   | Sable International Finance Ltd                                              | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |     322000 | PA      | $326954.94    | 0.47%             | 2032-10-15      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 3140X7PB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      44307 | PA      | $40852.97     | 0.06%             | 2050-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED KES / SOLD USD                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | KE        |          1 | NC      | $934.20       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                   | US 2YR NOTE (CBT) DEC25                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         15 | NC      | $-679.61      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| South Carolina Student Loan Corporation  | South Carolina Student Loan Corp 2015-A                                      | CUSIP: 83715RAH5<br>LEI: 549300PIO3ZMSROGFF38 | Long             | ABS-O            | CORP              | US        |       6958 | PA      | $6955.18      | 0.01%             | 2036-01-25      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                     | Royal Bank of Canada                                                         | CUSIP: 780082AV5<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     200000 | PA      | $206299.50    | 0.30%             | 2085-08-24      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | BGS3TPXK1 BARINGS                                                            | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |    -200000 | OU      | $-2144.29     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UMBS, TBA                                | Uniform Mortgage-Backed Security, TBA                                        | CUSIP: 01F0524A7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1500000 | PA      | $1533222.60   | 2.21%             | 2039-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                   | US ULTRA BOND CBT DEC25                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         13 | NC      | $29689.92     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTSMAN INTERNATIONAL L                 | Huntsman International LLC                                                   | CUSIP: 44701QBF8<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |     325000 | PA      | $274212.92    | 0.39%             | 2031-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 3140QPJL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     669529 | PA      | $655074.20    | 0.94%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                       | Energy Transfer LP                                                           | CUSIP: 29273VAW0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |      63000 | PA      | $61011.04     | 0.09%             | 2054-05-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                           | PURCHASED UGX / SOLD USD                                                     | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | UG        |          1 | NC      | $3914.05      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                   | US 5YR NOTE (CBT) DEC25                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -21 | NC      | $8301.65      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD                 | Apollo Debt Solutions BDC                                                    | CUSIP: 03770DAE3<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |      98000 | PA      | $102839.80    | 0.15%             | 2032-03-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae I Pool                                                            | CUSIP: 36209VFH2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        142 | PA      | $143.69       | 0.00%             | 2028-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TRITON CONTAINER                         | Triton Container International Ltd                                           | CUSIP: 89680YAC9<br>LEI: 549300O4LZFLCX53XZ54 | Long             | DBT              | CORP              | BM        |      46000 | PA      | $41021.39     | 0.06%             | 2031-06-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                | College Ave Student Loans 2021-A LLC                                         | CUSIP: 19424KAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     128343 | PA      | $122407.96    | 0.18%             | 2051-07-25      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                | ONEOK Inc                                                                    | CUSIP: 682680DD2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     160000 | PA      | $162483.25    | 0.23%             | 2055-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                          | CVS Health Corp                                                              | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     146000 | PA      | $153262.47    | 0.22%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                            | Citigroup Inc                                                                | CUSIP: 172967PR6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     140000 | PA      | $142137.25    | 0.20%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust      | New Residential Mortgage Loan Trust 2021-NQM3                                | CUSIP: 64831TAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1600000 | PA      | $1306482.72   | 1.88%             | 2056-11-27      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                  | PURCHASED KES / SOLD USD                                                     | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | KE        |          1 | NC      | $1043.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                         | Paramount Global                                                             | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |     179000 | PA      | $178701.27    | 0.26%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| OMNIS FUNDING TRUST                      | Omnis Funding Trust                                                          | CUSIP: 68218WAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     165000 | PA      | $177976.91    | 0.26%             | 2055-05-15      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                         | PURCHASED USD / SOLD IDR                                                     | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | US        |          1 | NC      | $3003.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Thrust Engine Leasing                    | Thrust Engine Leasing 2021 DAC                                               | CUSIP: 88603UAC3<br>LEI: 254900X0E0PUM0VQBP74 | Long             | ABS-O            | CORP              | US        |     114526 | PA      | $112422.73    | 0.16%             | 2040-07-15      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                   | Blue Owl Credit Income Corp                                                  | CUSIP: 09581CAD3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |     160000 | PA      | $162248.42    | 0.23%             | 2030-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: —       |
| harvest commercial capital loan trust    | Harvest Commercial Capital Loan Trust 2025-1                                 | CUSIP: 41757CAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     395207 | PA      | $406845.34    | 0.59%             | 2057-06-25      | Variable      | 9.04%                 | No            |                  2 | On Loan: No      |
| ENSTAR FINANCE LLC                       | Enstar Finance LLC                                                           | CUSIP: 29360AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     143000 | PA      | $141967.40    | 0.20%             | 2042-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                           | PURCHASED GBP / SOLD EUR                                                     | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | GB        |          1 | NC      | $-705.20      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FIDUS RE LTD                             | Fidus Re Ltd                                                                 | CUSIP: 316502AE3<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     900000 | PA      | $899901.18    | 1.29%             | 2037-01-08      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD KRW                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $1040.25      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 3138WANW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      25495 | PA      | $25301.74     | 0.04%             | 2028-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                   | NextEra Energy Capital Holdings Inc                                          | CUSIP: 65339KCB4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     210000 | PA      | $204783.66    | 0.29%             | 2082-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                           | CUSIP: 36179U6U1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     647979 | PA      | $580666.30    | 0.84%             | 2049-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust         | SMB Private Education Loan Trust 2019-A                                      | CUSIP: 78449TAD3<br>LEI: 549300WEYOS38NWU8D22 | Long             | ABS-O            | CORP              | US        |     185000 | PA      | $177110.40    | 0.25%             | 2042-11-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                  | American National Group Inc                                                  | CUSIP: 025676AQ0<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |     165000 | PA      | $168440.65    | 0.24%             | 2035-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED BRL / SOLD USD                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | BR        |          1 | NC      | $26704.24     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 31418UEK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      18041 | PA      | $18379.13     | 0.03%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                   | BP Capital Markets PLC                                                       | CUSIP: 05565QDX3<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |     240000 | PA      | $248580.24    | 0.36%             | 2035-03-18      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae I Pool                                                            | CUSIP: 36206WY90<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |         19 | PA      | $19.38        | 0.00%             | 2026-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac Pool                                                             | CUSIP: 3132DNAE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     593316 | PA      | $528181.63    | 0.76%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                   | Sempra                                                                       | CUSIP: 816851BS7<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |     147000 | PA      | $152317.00    | 0.22%             | 2054-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                | Nelnet Student Loan Trust 2014-2                                             | CUSIP: 64033LAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $97845.57     | 0.14%             | 2041-06-25      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                      | Dow Chemical Co/The                                                          | CUSIP: 260543DK6<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |      67000 | PA      | $60628.00     | 0.09%             | 2054-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| EPR PROPERTIES                           | EPR Properties                                                               | CUSIP: 26884UAG4<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              |  | US        |     215000 | PA      | $198427.03    | 0.29%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED NGN / SOLD USD                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | NG        |          1 | NC      | $5830.92      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED KES / SOLD USD                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | KE        |          1 | NC      | $732.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| USF&G CAPITAL I                          | USF&G Capital I                                                              | CUSIP: 902965AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      95000 | PA      | $100904.58    | 0.15%             | 2045-12-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae I Pool                                                            | CUSIP: 36201CLV4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        229 | PA      | $235.21       | 0.00%             | 2032-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ESSENTIAL PROPERTIES LP                  | Essential Properties LP                                                      | CUSIP: 29670VAB5<br>LEI: 254900XX9FNFCDE1NX02 | Long             | DBT              |  | US        |     153000 | PA      | $153574.04    | 0.22%             | 2035-12-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 3140XGFR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     606743 | PA      | $541083.22    | 0.78%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| General Motors Co                        | General Motors Co                                                            | CUSIP: 37045VAJ9<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |     100000 | PA      | $90083.44     | 0.13%             | 2045-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                  | Goldman Sachs Group Inc/The                                                  | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     285000 | PA      | $296037.48    | 0.43%             | 2030-02-10      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae I Pool                                                            | CUSIP: 36225AWL0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |         73 | PA      | $73.21        | 0.00%             | 2027-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                    | Level 3 Financing Inc                                                        | CUSIP: 527298CH4<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     103000 | PA      | $88555.28     | 0.13%             | 2031-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce       | BGS3UR7X6 BARINGS                                                            | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |    -250000 | OU      | $-1950.10     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| U.S. Bank National Association           | US Bank NA                                                                   | CUSIP: 90357PBE3<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |     230324 | PA      | $229327.29    | 0.33%             | 2032-02-25      | Floating      | 6.26%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED USD / SOLD EUR                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-1315.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED USD / SOLD CNH                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-594.27      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                       | Ally Financial Inc                                                           | CUSIP: 02005NBN9<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     120000 | PA      | $110593.42    | 0.16%             | 2028-05-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                             | Enbridge Inc                                                                 | CUSIP: 29250NBN4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |     160000 | PA      | $166260.16    | 0.24%             | 2083-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT                 | Apollo Global Management Inc                                                 | CUSIP: 03769MAC0<br>LEI: 254900LMFT1CY9IYB476 | Long             | DBT              | CORP              | US        |     106000 | PA      | $107418.80    | 0.15%             | 2054-05-21      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac Pool                                                             | CUSIP: 3133KKWQ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     805366 | PA      | $661582.58    | 0.95%             | 2051-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                | Uniform Mortgage-Backed Security, TBA                                        | CUSIP: 01F0504A1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1800000 | PA      | $1818984.42   | 2.62%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                              | OCP CLO 2015-9 Ltd                                                           | CUSIP: 67091YBE3<br>LEI: 254900XV0U0WEM36A370 | Long             | ABS-CBDO         | CORP              | KY        |     500000 | PA      | $500515.50    | 0.72%             | 2037-01-15      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                         | T-Mobile USA Inc                                                             | CUSIP: 87264ADD4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |      85000 | PA      | $88006.44     | 0.13%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIRST CITIZENS BANCSHARE                 | First Citizens BancShares Inc/NC                                             | CUSIP: 319626AA5<br>LEI: 549300N3Z00ZHE2XC526 | Long             | DBT              | CORP              | US        |     160000 | PA      | $159577.23    | 0.23%             | 2035-09-05      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HERO Funding Trust                       | HERO Funding Trust 2016-3                                                    | CUSIP: 42770XAA5<br>LEI: 549300Z5C0ID42MSJA91 | Long             | ABS-O            | CORP              | US        |      32399 | PA      | $30148.17     | 0.04%             | 2042-09-20      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| United States Treasury                   | U.S. Treasury Notes                                                          | CUSIP: 91282CBS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3700000 | PA      | $3492040.39   | 5.02%             | 2028-03-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                | Nelnet Student Loan Trust 2012-1                                             | CUSIP: 64032AAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     150000 | PA      | $146491.37    | 0.21%             | 2042-06-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                   | UnitedHealth Group Inc                                                       | CUSIP: 91324PFM9<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |      53000 | PA      | $52767.26     | 0.08%             | 2064-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED NGN / SOLD USD                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | NG        |          1 | NC      | $2514.71      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OVINTIV INC                              | Ovintiv Inc                                                                  | CUSIP: 69047QAD4<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |     195000 | PA      | $210573.83    | 0.30%             | 2053-07-15      | Fixed         | 7.10%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CAPITAL CORP II                 | Blue Owl Capital Corp II                                                     | CUSIP: 69121DAD2<br>LEI: 549300MMNWZO5XKDDX47 | Long             | DBT              | CORP              | US        |     280000 | PA      | $290068.56    | 0.42%             | 2026-11-15      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                       | BGS3QF741 BARINGS                                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |    -100000 | OU      | $-461.10      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                   | Blackstone Private Credit Fund                                               | CUSIP: 09261HBY2<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |     160000 | PA      | $158138.10    | 0.23%             | 2030-09-10      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 3140QNU67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     953576 | PA      | $849488.35    | 1.22%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                      | Bank of Nova Scotia/The                                                      | CUSIP: 0641598X7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     320000 | PA      | $333861.37    | 0.48%             | 2085-04-27      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                 | Neuberger Berman Loan Advisers Clo 44 Ltd                                    | CUSIP: 64133VAL1<br>LEI: 549300HMTDFWN3B2DI35 | Long             | ABS-CBDO         | CORP              | KY        |     500000 | PA      | $499781.50    | 0.72%             | 2035-10-16      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                 | Enterprise Products Operating LLC                                            | CUSIP: 29379VBR3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     102000 | PA      | $101302.85    | 0.15%             | 2078-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association | Ginnie Mae I Pool                                                            | CUSIP: 36208VUH6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |         43 | PA      | $43.65        | 0.00%             | 2027-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | BGS3QFJA4 BARINGS                                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |    -100000 | OU      | $-1055.35     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                 | Warnermedia Holdings Inc                                                     | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     215000 | PA      | $196993.75    | 0.28%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: —       |
| Patterson-UTI Energy Inc                 | Patterson-UTI Energy Inc                                                     | CUSIP: 703481AB7<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |     175000 | PA      | $170936.39    | 0.25%             | 2028-02-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp               | FIXED INC CLEARING CORP.REPO                                                 | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |     615652 | PA      | $615651.93    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce       | PURCHASED USD / SOLD ZAR                                                     | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |          1 | NC      | $-9631.22     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                  | PURCHASED UGX / SOLD USD                                                     | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | UG        |          1 | NC      | $1639.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED NGN / SOLD USD                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | NG        |          1 | NC      | $2574.52      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ASCOT GROUP LTD                          | Ascot Group Ltd                                                              | CUSIP: 04365XAA6<br>LEI: 213800DJV7WRJBE2II28 | Long             | DBT              | CORP              | BM        |     200000 | PA      | $181928.19    | 0.26%             | 2030-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                   | Mitsubishi UFJ Financial Group Inc                                           | CUSIP: 606822DP6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |     200000 | PA      | $204170.20    | 0.29%             | 2036-01-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                          | CVS Health Corp                                                              | CUSIP: 126650CZ1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |      85000 | PA      | $75627.69     | 0.11%             | 2048-03-25      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                              | Ovintiv Inc                                                                  | CUSIP: 69047QAC6<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |     230000 | PA      | $242608.02    | 0.35%             | 2033-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                        | HSBC Holdings PLC                                                            | CUSIP: 404280EV7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     300000 | PA      | $313676.40    | 0.45%             | 2031-08-27      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| SLAM 2021-1 LLC                          | Slam 2021-1 Ltd                                                              | CUSIP: 78449AAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     214857 | PA      | $203914.54    | 0.29%             | 2046-06-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD                 | Aspen Insurance Holdings Ltd                                                 | CUSIP: 04530DAE2<br>LEI: 549300YX6HECG9XQCQ75 | Long             | DBT              | CORP              | BM        |      54000 | PA      | $56518.13     | 0.08%             | 2030-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Argent Securities Inc.                   | Argent Securities Inc Asset-Backed Pass-Through Certificates Series 2004-W10 | CUSIP: 040104LN9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      38376 | PA      | $37481.36     | 0.05%             | 2034-10-25      | Floating      | 3.78%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                    | Sixth Street CLO XIV Ltd                                                     | CUSIP: 83013NAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     500000 | PA      | $499759.00    | 0.72%             | 2038-01-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                           | CUSIP: 36179VDN7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     679308 | PA      | $608740.51    | 0.88%             | 2050-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                              | BNP Paribas SA                                                               | CUSIP: 05565ASK0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |     375000 | PA      | $342375.75    | 0.49%             | 2031-02-25      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                   | US LONG BOND(CBT) DEC25                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         20 | NC      | $33972.27     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Solar Loans LLC                   | Mosaic Solar Loans 2017-1 LLC                                                | CUSIP: 61946EAA6<br>LEI: 549300ZLA8SW2SVJMN33 | Long             | ABS-O            | CORP              | US        |      14549 | PA      | $14097.41     | 0.02%             | 2042-06-20      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                         | Hewlett Packard Enterprise Co                                                | CUSIP: 42824CCA5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     107000 | PA      | $106350.37    | 0.15%             | 2030-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                   | U.S. Treasury Bonds                                                          | CUSIP: 912810SJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    2390000 | PA      | $1524118.30   | 2.19%             | 2049-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                              | Freddie Mac Pool                                                             | CUSIP: 3132DNVQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     860509 | PA      | $819021.90    | 1.18%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HERO Funding Trust                       | Hero Funding 2017-3                                                          | CUSIP: 42771AAA4<br>LEI: 549300Z5C0ID42MSJA91 | Long             | ABS-O            | CORP              | KY        |      47916 | PA      | $43951.58     | 0.06%             | 2048-09-20      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| Banc of America Mortgage Securities      | Banc of America Mortgage 2004-G Trust                                        | CUSIP: 05949ALH1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       1920 | PA      | $1909.74      | 0.00%             | 2034-08-25      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust               | Navient Student Loan Trust 2018-1                                            | CUSIP: 63940DAD4<br>LEI: 549300761SV59SBM0Z40 | Long             | ABS-O            | CORP              | US        |     250000 | PA      | $232321.45    | 0.33%             | 2067-03-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD   | Goldentree Loan Management US CLO 1 Ltd                                      | CUSIP: 38136FBW2<br>LEI: 549300BE2068MP2P8N06 | Long             | ABS-CBDO         | CORP              | KY        |     500000 | PA      | $500383.50    | 0.72%             | 2034-04-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| GOLUB CAPITAL BDC                        | Golub Capital BDC Inc                                                        | CUSIP: 38173MAE2<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |     258000 | PA      | $263628.95    | 0.38%             | 2029-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                             | AES Corp/The                                                                 | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |      67000 | PA      | $65752.13     | 0.09%             | 2055-07-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| (Sunnova) Aurora I Issuer, LLC           | SUNNOVA HELIOS II ISSUER LLC 2018-1                                          | CUSIP: 86745JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      93434 | PA      | $89710.26     | 0.13%             | 2048-07-20      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                   | SLM Student Loan Trust 2004-3                                                | CUSIP: 78442GLJ3<br>LEI: 549300YK6GOQU7FJ5N55 | Long             | ABS-O            | CORP              | US        |      46995 | PA      | $44254.31     | 0.06%             | 2064-10-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                       | Energy Transfer LP                                                           | CUSIP: 29273VBG4<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     165000 | PA      | $164226.60    | 0.24%             | 2056-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 31418AQJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     350398 | PA      | $330763.04    | 0.48%             | 2043-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                         | Vmed O2 UK Financing I PLC                                                   | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |     200000 | PA      | $188249.26    | 0.27%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GROUP HOLDINGS                 | Fortitude Group Holdings LLC                                                 | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |     169000 | PA      | $175472.47    | 0.25%             | 2030-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                 | JH North America Holdings Inc                                                | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |      81000 | PA      | $82966.19     | 0.12%             | 2032-07-31      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD TRY                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $-6073.81     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Bacardi Ltd                              | Bacardi Ltd                                                                  | CUSIP: 067316AG4<br>LEI: 549300R32WTQNHNN5055 | Long             | DBT              | CORP              | BM        |     100000 | PA      | $94460.53     | 0.14%             | 2038-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                           | CUSIP: 36179UV74<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     357839 | PA      | $322008.03    | 0.46%             | 2049-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 3140QVQT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     661328 | PA      | $662060.03    | 0.95%             | 2054-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                              | OCP CLO 2015-9 Ltd                                                           | CUSIP: 67091YBG8<br>LEI: 254900XV0U0WEM36A370 | Long             | ABS-CBDO         | CORP              | KY        |     500000 | PA      | $499730.50    | 0.72%             | 2037-01-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| ALLIANZ SE                               | Allianz SE                                                                   | CUSIP: 018820AA8<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |     176000 | PA      | $174675.07    | 0.25%             | 2025-11-17      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HELMERICH & PAYNE INC                    | Helmerich & Payne Inc                                                        | CUSIP: 423452AN1<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |     355000 | PA      | $347840.95    | 0.50%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| BANK OF AMERICA CORP                     | Bank of America Corp                                                         | CUSIP: 06051GKL2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     170000 | PA      | $158829.07    | 0.23%             | 2037-03-08      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                    | Time Warner Cable LLC                                                        | CUSIP: 88732JAY4<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |     150000 | PA      | $143380.94    | 0.21%             | 2040-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae I Pool                                                            | CUSIP: 36213CWU0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      38031 | PA      | $39577.09     | 0.06%             | 2035-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED BRL / SOLD USD                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | BR        |          1 | NC      | $2689.93      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce       | BGS3UR7S7 BARINGS                                                            | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |    -250000 | OU      | $-664.38      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ALLIANZ SE                               | Allianz SE                                                                   | CUSIP: 018820AE0<br>LEI: 529900K9B0N5BT694847 | Long             | DBT              | CORP              | DE        |     200000 | PA      | $206480.00    | 0.30%             | 2033-10-30      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| J.G. Wentworth XLIII LLC                 | JG Wentworth XLIII LLC                                                       | CUSIP: 46650XAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     113906 | PA      | $99267.51     | 0.14%             | 2073-08-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| UTAH ACQUISITION SUB                     | Utah Acquisition Sub Inc                                                     | CUSIP: 62854AAP9<br>LEI: 254900JOFV74IJ7H9933 | Long             | DBT              | CORP              | US        |     180000 | PA      | $149575.60    | 0.22%             | 2046-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED COP / SOLD CAD                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | CO        |          1 | NC      | $14864.31     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce       | PURCHASED USD / SOLD INR                                                     | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |          1 | NC      | $821.24       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                   | Pacific Gas and Electric Co                                                  | CUSIP: 694308HL4<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      70000 | PA      | $56160.24     | 0.08%             | 2045-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 3138ETCK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      47388 | PA      | $48301.29     | 0.07%             | 2044-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED USD / SOLD KRW                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $3316.73      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Parallel Ltd                             | Parallel 2021-2 Ltd                                                          | CUSIP: 69916KAC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $250181.75    | 0.36%             | 2034-10-20      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| ASCOT GROUP LTD                          | Ascot Group Ltd                                                              | CUSIP: 04365XAB4<br>LEI: 213800DJV7WRJBE2II28 | Long             | DBT              | CORP              | BM        |      66000 | PA      | $68795.64     | 0.10%             | 2035-06-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| CVS Pass-Through Trust                   | CVS Pass-Through Trust                                                       | CUSIP: 126650BS8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       9001 | PA      | $9592.07      | 0.01%             | 2032-01-10      | Fixed         | 7.51%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                  | Blackstone Secured Lending Fund                                              | CUSIP: 09261XAK8<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |     300000 | PA      | $302104.38    | 0.43%             | 2030-06-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| HERO Funding Trust                       | HERO Funding Trust 2016-4A                                                   | CUSIP: 40417QAC9<br>LEI: 549300Z5C0ID42MSJA91 | Long             | ABS-O            | CORP              | US        |      35010 | PA      | $33708.46     | 0.05%             | 2047-09-20      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                       | BGS3LNLZ4 BARINGS                                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |     100000 | OU      | $337.03       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae I Pool                                                            | CUSIP: 36212NNE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       2664 | PA      | $2783.62      | 0.00%             | 2035-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                 | Ford Motor Credit Co LLC                                                     | CUSIP: 345397G23<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     115000 | PA      | $114713.49    | 0.16%             | 2029-09-06      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| SAMMONS FINANCIAL GROUP                  | Sammons Financial Group Inc                                                  | CUSIP: 79588TAE0<br>LEI: 254900SHCOQLVJ21CT59 | Long             | DBT              | CORP              | US        |     350000 | PA      | $341487.91    | 0.49%             | 2032-04-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                        | HSBC Holdings PLC                                                            | CUSIP: 404280DM8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     125000 | PA      | $134269.55    | 0.19%             | 2037-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD VND                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $-162.99      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | BGS3LUF77 BARINGS                                                            | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |   -2600000 | OU      | $-5059.03     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 31418UX25<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     121080 | PA      | $123363.44    | 0.18%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HPS CORPORATE LENDING FU                 | HPS Corporate Lending Fund                                                   | CUSIP: 40440VAH8<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |     290000 | PA      | $292637.02    | 0.42%             | 2028-01-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Goodgreen Trust                          | Goodgreen 2019-2                                                             | CUSIP: 38218EAB3<br>LEI: 549300X0P2BXCQULUH20 | Long             | ABS-O            | CORP              | KY        |      74358 | PA      | $60778.90     | 0.09%             | 2055-04-15      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                    | Stellantis Finance US Inc                                                    | CUSIP: 85855CAE0<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |     350000 | PA      | $364869.83    | 0.52%             | 2032-09-12      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| Bank of America NA                       | BGS3TUTW9 BARINGS                                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        | -238000000 | OU      | $-2361.85     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                      | Charles Schwab Corp/The                                                      | CUSIP: 808513BK0<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     190000 | PA      | $187862.69    | 0.27%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                 | Embraer Netherlands Finance BV                                               | CUSIP: 29082HAE2<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |      75000 | PA      | $79566.00     | 0.11%             | 2035-02-11      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                 | Lloyds Banking Group PLC                                                     | CUSIP: 53944YAV5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |     205000 | PA      | $221494.51    | 0.32%             | 2029-09-27      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| Commonbond Student Loan Trust            | Commonbond Student Loan Trust 2017-A-GS                                      | CUSIP: 20267VAD9<br>LEI: 549300LRCNJYVPZRKK63 | Long             | ABS-O            | CORP              | US        |      33079 | PA      | $30980.93     | 0.04%             | 2041-05-25      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust    | Wells Fargo Commercial Mortgage Trust 2015-NXS1                              | CUSIP: 94989HBJ8<br>LEI: 5493002S7XBI8CVRR075 | Long             | ABS-MBS          | CORP              | US        |      64679 | PA      | $62160.39     | 0.09%             | 2048-05-15      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Renew Financial                          | Renew 2021-1                                                                 | CUSIP: 75975BAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     130590 | PA      | $107869.78    | 0.16%             | 2056-11-20      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| SYNOVUS FINANCIAL CORP                   | Synovus Financial Corp                                                       | CUSIP: 87161CAP0<br>LEI: 549300EIUS8UN5JTLE54 | Long             | DBT              | CORP              | US        |     405000 | PA      | $420181.09    | 0.60%             | 2030-11-01      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                         | PURCHASED HUF / SOLD EUR                                                     | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | HU        |          1 | NC      | $4340.95      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED GBP / SOLD EUR                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | GB        |          1 | NC      | $-1023.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CENTENE CORP                             | Centene Corp                                                                 | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     175000 | PA      | $156369.04    | 0.22%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 3138W0KV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      73137 | PA      | $67372.17     | 0.10%             | 2043-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                   | PURCHASED USD / SOLD RON                                                     | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-3031.93     | -0.00%            |  |  |  | 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: 47214BAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     115000 | PA      | $131872.46    | 0.19%             | 2053-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                     | Edison International                                                         | CUSIP: 281020AT4<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |      75000 | PA      | $71061.55     | 0.10%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                   | SLM Student Loan Trust 2006-5                                                | CUSIP: 83149EAG2<br>LEI: 549300LSGT1L2CL14698 | Long             | ABS-O            | CORP              | US        |     105678 | PA      | $100039.30    | 0.14%             | 2040-10-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                            | Allstate Corp/The                                                            | CUSIP: 020002BB6<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |     155000 | PA      | $155246.76    | 0.22%             | 2053-08-15      | Variable      | 7.41%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                    | Continental Resources Inc/OK                                                 | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |     165000 | PA      | $170153.64    | 0.24%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED EGP / SOLD USD                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | EG        |          1 | NC      | $527.91       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AT&T INC                                 | AT&T Inc                                                                     | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     219000 | PA      | $150916.86    | 0.22%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                   | US 10YR NOTE (CBT)DEC25                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          9 | NC      | $2939.32      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                 | AERCAP IRELAND CAP/GLOBA                                                     | CUSIP: 00774MBQ7<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |     150000 | PA      | $154745.85    | 0.22%             | 2056-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 3140QPHU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1869773 | PA      | $1723424.86   | 2.48%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                             | UBS Group AG                                                                 | CUSIP: 225401BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     254000 | PA      | $260286.50    | 0.37%             | 2030-02-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ARES STRATEGIC INCOME FU                 | Ares Strategic Income Fund                                                   | CUSIP: 04020EAB3<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |     250000 | PA      | $258977.95    | 0.37%             | 2029-08-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                 | Service Properties Trust                                                     | CUSIP: 44106MBB7<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |     590000 | PA      | $519995.50    | 0.75%             | 2029-10-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| FORD MOTOR CREDIT CO LLC                 | Ford Motor Credit Co LLC                                                     | CUSIP: 345397H48<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |     200000 | PA      | $201646.15    | 0.29%             | 2030-09-05      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                   | Venture Global LNG Inc                                                       | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     150000 | PA      | $148661.94    | 0.21%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Pioneer Aircraft Finance Limited         | Pioneer Aircraft Finance Ltd                                                 | CUSIP: 72353PAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     341661 | PA      | $325542.40    | 0.47%             | 2044-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                | College Ave Student Loans 2019-A LLC                                         | CUSIP: 19421UAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      67135 | PA      | $59908.58     | 0.09%             | 2048-12-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP                          | Nordea Bank Abp                                                              | CUSIP: 65558RAK5<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |     300000 | PA      | $303106.80    | 0.44%             | 2031-09-25      | Fixed         | 6.30%                 | No            |                  2 | On Loan: —       |
| ARES FINANCE CO                          | Ares Finance Co III LLC                                                      | CUSIP: 04018VAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     370000 | PA      | $364063.35    | 0.52%             | 2051-06-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Wise CLO Ltd                             | WISE CLO 2023-1 Ltd                                                          | CUSIP: 97719BAL7<br>LEI: 254900AQX94N6CYYFI37 | Long             | ABS-CBDO         | CORP              | JE        |     500000 | PA      | $501392.50    | 0.72%             | 2038-10-20      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Bank                                     | BANK 2019-BNK17                                                              | CUSIP: 065403BH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     331000 | PA      | $290167.28    | 0.42%             | 2052-04-15      | Variable      | 4.66%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                           | PURCHASED USD / SOLD HKD                                                     | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |          1 | NC      | $2883.39      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae I Pool                                                            | CUSIP: 36201MM58<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |         87 | PA      | $89.10        | 0.00%             | 2032-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                              | Ovintiv Inc                                                                  | CUSIP: 292505AG9<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |     120000 | PA      | $126107.48    | 0.18%             | 2038-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD TWD                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $6943.66      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                   | SLM Student Loan Trust 2005-6                                                | CUSIP: 78442GQA7<br>LEI: 5493009EHEQ0QZ0DQN39 | Long             | ABS-O            | CORP              | US        |     136541 | PA      | $129746.10    | 0.19%             | 2044-01-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                             | Centene Corp                                                                 | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     175000 | PA      | $162615.77    | 0.23%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 31418CLK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     139916 | PA      | $136371.53    | 0.20%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                | Nelnet Student Loan Trust 2012-2                                             | CUSIP: 64031CAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     200000 | PA      | $198312.96    | 0.29%             | 2036-11-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                   | Global Atlantic Fin Co                                                       | CUSIP: 37959GAF4<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |      36000 | PA      | $38061.60     | 0.05%             | 2054-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                            | Parkland Corp                                                                | CUSIP: 70137WAN8<br>LEI: 549300UY5C6HUV0XLS53 | Long             | DBT              | CORP              | CA        |     315000 | PA      | $323682.03    | 0.47%             | 2032-08-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP                  | American National Group Inc                                                  | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |     160000 | PA      | $164892.48    | 0.24%             | 2055-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                             | BGS3JWLQ7 BARINGS                                                            | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | N/A              | DFE              |  | US        |    -100000 | OU      | $-337.03      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust             | GS Mortgage Securities Trust 2018-GS10                                       | CUSIP: 36250SAM1<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |     599000 | PA      | $408181.18    | 0.59%             | 2051-07-10      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Goal Capital Funding Trust               | Goal Capital Funding Trust 2006-1                                            | CUSIP: 38021BAG5<br>LEI: 5493009VZI2B6V83UU74 | Long             | ABS-O            | CORP              | US        |     233100 | PA      | $211138.52    | 0.30%             | 2042-08-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                      | JPMorgan Chase & Co                                                          | CUSIP: 48128AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     200000 | PA      | $207026.80    | 0.30%             | 2030-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN                 | Brighthouse Financial Inc                                                    | CUSIP: 10922NAH6<br>LEI: 5493003T8SZSHOGGAW52 | Long             | DBT              | CORP              | US        |     255000 | PA      | $168071.94    | 0.24%             | 2051-12-22      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                 | Occidental Petroleum Corp                                                    | CUSIP: 674599EM3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     137000 | PA      | $133685.52    | 0.19%             | 2054-10-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP                    | Antero Resources Corp                                                        | CUSIP: 03674XAQ9<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |      44000 | PA      | $44840.80     | 0.06%             | 2029-02-01      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BROADSTONE NET LEASE LLC                 | Broadstone Net Lease LLC                                                     | CUSIP: 11135EAA2<br>LEI: 54930089IBT6J4WBTI50 | Long             | DBT              |  | US        |     200000 | PA      | $175126.75    | 0.25%             | 2031-09-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust            | Life 2021-BMR Mortgage Trust                                                 | CUSIP: 53218CAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     302400 | PA      | $299753.91    | 0.43%             | 2038-03-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN                 | Piedmont Operating Partnership LP                                            | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              |  | US        |     223000 | PA      | $247618.03    | 0.36%             | 2028-07-20      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| United States Treasury                   | U.S. Treasury Notes                                                          | CUSIP: 91282CMU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1400000 | PA      | $1416056.74   | 2.04%             | 2030-03-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                          | Oak Hill Credit Partners X-R Ltd                                             | CUSIP: 67707CBC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     500000 | PA      | $499729.00    | 0.72%             | 2038-04-20      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                               | Fannie Mae Pool                                                              | CUSIP: 31418CNG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      58331 | PA      | $56824.00     | 0.08%             | 2032-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NOVELIS CORP                             | Novelis Corp                                                                 | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |     360000 | PA      | $328207.72    | 0.47%             | 2031-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ARES CAPITAL CORP                        | Ares Capital Corp                                                            | CUSIP: 04010LBF9<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |      92000 | PA      | $94655.05     | 0.14%             | 2029-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BLUE OWL TECHNOLOGY FIN                  | Blue Owl Technology Finance Corp II                                          | CUSIP: 69121JAB3<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |     112000 | PA      | $115552.10    | 0.17%             | 2029-04-04      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| ORACLE CORP                              | Oracle Corp                                                                  | CUSIP: 68389XDT9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     160000 | PA      | $159705.34    | 0.23%             | 2065-09-26      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Horizon Aircraft Finance                 | Horizon Aircraft Finance I Ltd                                               | CUSIP: 440405AF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     225200 | PA      | $199862.79    | 0.29%             | 2038-12-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                 | Occidental Petroleum Corp                                                    | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     250000 | PA      | $284262.30    | 0.41%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust                   | SLM Student Loan Trust 2006-4                                                | CUSIP: 78442GSL1<br>LEI: 549300NL48RDOTQF8W80 | Long             | ABS-O            | CORP              | US        |      73692 | PA      | $69380.44     | 0.10%             | 2070-01-25      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| PATTERSON-UTI ENERGY INC                 | Patterson-UTI Energy Inc                                                     | CUSIP: 703481AD3<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |     135000 | PA      | $143017.48    | 0.21%             | 2033-10-01      | Fixed         | 7.15%                 | No            |                  2 | On Loan: —       |
| United States Treasury                   | U.S. Treasury Bonds                                                          | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1950000 | PA      | $1810138.40   | 2.60%             | 2044-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BELROSE FUNDING TRUST II                 | Belrose Funding Trust II                                                     | CUSIP: 08079KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     175000 | PA      | $189514.00    | 0.27%             | 2055-05-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                   | US 10YR ULTRA FUT DEC25                                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         -6 | NC      | $-6723.65     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| STORE CAPITAL LLC                        | Store Capital LLC                                                            | CUSIP: 862121AB6<br>LEI: 254900Z9PIEFQ6AYXK50 | Long             | DBT              |  | US        |     235000 | PA      | $233402.87    | 0.34%             | 2029-03-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD DOP                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $-597.59      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                   | U.S. Treasury Bonds                                                          | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1000000 | PA      | $982662.10    | 1.41%             | 2055-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                             | Barclays PLC                                                                 | CUSIP: 06738EBT1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     375000 | PA      | $359749.32    | 0.52%             | 2028-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: —       |
| SANTOS FINANCE LTD                       | Santos Finance Ltd                                                           | CUSIP: 803014AB5<br>LEI: 213800BKUBSWG53XNS94 | Long             | DBT              | CORP              | AU        |     225000 | PA      | $247449.83    | 0.36%             | 2033-09-19      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust      | Citigroup Commercial Mortgage Trust 2019-GC41                                | CUSIP: 17328FBA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     222000 | PA      | $189693.98    | 0.27%             | 2056-08-10      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                            | PURCHASED TRY / SOLD USD                                                     | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | TR        |          1 | NC      | $2206.41      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                        | NatWest Group PLC                                                            | CUSIP: 639057AT5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |     375000 | PA      | $395357.07    | 0.57%             | 2034-11-19      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | PURCHASED USD / SOLD EGP                                                     | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $-4033.32     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BROADSTONE NET LEASE LLC                 | Broadstone Net Lease LLC                                                     | CUSIP: 11134GAA8<br>LEI: 54930089IBT6J4WBTI50 | Long             | DBT              |  | US        |      43000 | PA      | $42743.18     | 0.06%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KKR & CO INC                             | KKR & Co Inc                                                                 | CUSIP: 48251W609<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |       7000 | NS      | $181650.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSOLIDATED COMMUNICATI                 | Consolidated Communications Inc                                              | CUSIP: 20903XAF0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |     261000 | PA      | $265241.25    | 0.38%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HERO Funding Trust                       | HERO Funding Trust 2017-2                                                    | CUSIP: 42771LAB8<br>LEI: 549300Z5C0ID42MSJA91 | Long             | ABS-O            | CORP              | US        |      18098 | PA      | $16735.94     | 0.02%             | 2048-09-20      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                 | Liberty Mutual Group Inc                                                     | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |     365000 | PA      | $358500.51    | 0.52%             | 2051-12-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC                          | Global Atlantic Fin Co                                                       | CUSIP: 37959GAC1<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |     420000 | PA      | $413739.25    | 0.60%             | 2051-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMERICAN PIPE                 | Plains All American Pipeline LP                                              | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |     120000 | PA      | $120179.88    | 0.17%             | 2025-10-30      | Variable      | 8.58%                 | No            |                  2 | On Loan: No      |
| VITALITY RE XVI LTD                      | Vitality Re XVI Ltd                                                          | CUSIP: 92849FAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     302000 | PA      | $302060.40    | 0.43%             | 2029-01-08      | Floating      | 5.65%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs International              | PURCHASED USD / SOLD DOP                                                     | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $-1998.92     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ING GROEP NV                             | ING Groep NV                                                                 | CUSIP: 456837AY9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |     400000 | PA      | $383482.16    | 0.55%             | 2027-05-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: —       |
| ATHENE HOLDING LTD                       | Athene Holding Ltd                                                           | CUSIP: 04686JAJ0<br>LEI: 549300H316CT32FQXI76 | Long             | DBT              | CORP              | US        |     145000 | PA      | $146302.83    | 0.21%             | 2054-10-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                       | BGS3QF758 BARINGS                                                            | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |    -100000 | OU      | $-809.70      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FORTITUDE GLOBAL FUNDING                 | Fortitude Global Funding                                                     | CUSIP: 34967GAA2<br>LEI: 635400TKBOGEHNO5RT68 | Long             | DBT              | CORP              | US        |      71000 | PA      | $71044.84     | 0.10%             | 2028-10-06      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Goodgreen Trust                          | Goodgreen 2021-1 Trust                                                       | CUSIP: 38217UAC6<br>LEI: 549300X0P2BXCQULUH20 | Long             | ABS-O            | CORP              | US        |     325491 | PA      | $237610.24    | 0.34%             | 2056-10-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association | Ginnie Mae II Pool                                                           | CUSIP: 3618N5A33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1155388 | PA      | $1149819.58   | 1.65%             | 2054-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                      | Petroleos Mexicanos                                                          | CUSIP: 71654QBR2<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      35000 | PA      | $28448.35     | 0.04%             | 2045-01-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Citibank NA                              | BGS3T3489 BARINGS                                                            | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |   -4250000 | OU      | $-1594.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-22

**Name of Applicant:** MASSMUTUAL PREMIER FUNDS

**Signature:** Renee Hitchcock

**Name of Signer:** Renee Hitchcock

**Title:** CFO and Treasurer