# EDGAR Filing Document

**Accession Number:** 0000795264
**File Stem:** 0001145549-25-047272
**Filing Date:** 2025-7
**Character Count:** 177395
**Document Hash:** d60aba9fd277e51f59dca85cd8b6c4b9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-047272.hdr.sgml**: 20250723

**ACCESSION NUMBER**: 0001145549-25-047272

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250723

**DATE AS OF CHANGE**: 20250723

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THOMPSON IM FUNDS INC
- **CENTRAL INDEX KEY:** 0000795264

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04946
- **FILM NUMBER:** 251143767

**BUSINESS ADDRESS:**
- **STREET 1:** 1255 FOURIER DRIVE
- **STREET 2:** SUITE 200
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53717
- **BUSINESS PHONE:** 608-827-5700

**MAIL ADDRESS:**
- **STREET 1:** 1255 FOURIER DRIVE
- **STREET 2:** SUITE 200
- **CITY:** MADISON
- **STATE:** WI
- **ZIP:** 53717

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** THOMPSON PLUMB FUNDS INC
- **DATE OF NAME CHANGE:** 19970401

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** THOMPSON UNGER & PLUMB FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MADISON TOTAL RETURN FUND INC
- **DATE OF NAME CHANGE:** 19861222

## Series and Classes Contracts Data

### Thompson Bond Fund (Series ID: S000002452)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000006582 | Thompson Bond Fund | thopx           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Thompson IM Funds, Inc.

- **b. Investment Company Act file number:** 811-04946

- **c. CIK number of Registrant:** 0000795264

- **d. LEI of Registrant:** 549300QQSO0I7KNHS575

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

  - **Street Address 1:** 1255 Fourier Drive

  - **City:** Madison

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53717

  - **Telephone number:** 608-827-5700

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

- **a. Name of Series:** Thompson Bond Fund

- **b. EDGAR series identifier (if any):** S000002452

- **c. LEI of Series:** 549300Z2BP7MCEI83F15

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-05-31

**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:** $1655642476.95

**Total Liabilities:** $1025460.24

**Net Assets:** $1654617016.71

**Cash Not Reported:** $2918341.13

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 90772.306647000000 | **1-Year:** 69764.103190000000 | **5-Year:** 115485.609842000000 | **10-Year:** 128902.414045000000 | **30-Year:** 46054.589521000000

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

- **3-Month:** 45488.680718000000 | **1-Year:** 12824.443581000000 | **5-Year:** 13142.446612000000 | **10-Year:** 5640.760896000000 | **30-Year:** 1704.907026000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006582 | 0.28%                | -0.29%               | 0.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-313149.30              | $-3172621.99                               |
| Month 2  | $-10094.20               | $-13707551.95                              |
| Month 3  | $9838.46                 | $-417137.76                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                | Title                                                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| DCAL AVIATION FINANCE LIMITED       | AIM Aviation Finance Ltd                                            | CUSIP: 001406AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    607349 | PA      | $576993.23    | 0.03%             | 2040-02-15      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| WARNER MEDIA LLC                    | Warner Media LLC                                                    | CUSIP: 00184AAG0<br>LEI: 5493004RSX004WU3UT62 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2612024.13   | 0.16%             | 2032-05-01      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD            | Aptiv Swiss Holdings Ltd                                            | CUSIP: 03837AAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |   2485000 | PA      | $2344689.49   | 0.14%             | 2034-09-13      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BAC CAPITAL TRUST XIII              | BAC Capital Trust XIII                                              | CUSIP: 05518UAA5<br>LEI: 549300I6GXQ4O8PHFJ89 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $1695946.12   | 0.10%             | 2025-06-18      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| Blackbird Capital Aircraft          | Blackbird Capital Aircraft Lease Securitization Ltd 2016-1          | CUSIP: 09228YAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    564719 | PA      | $563404.86    | 0.03%             | 2041-12-16      | Variable      | 5.68%                 | No            |                  2 | On Loan: No      |
| BRUNSWICK CORP                      | Brunswick Corp/DE                                                   | CUSIP: 117043AU3<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | DBT              | CORP              | US        |   5600000 | PA      | $5066233.37   | 0.31%             | 2032-09-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BUFF ST FOUNDATION HC               | Buffalo State College Foundation Housing Corp                       | CUSIP: 119807AJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    380000 | PA      | $347820.73    | 0.02%             | 2028-11-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                 | COMM 2014-CCRE16 Mortgage Trust                                     | CUSIP: 12591VAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4690000.00   | 0.28%             | 2047-04-10      | Variable      | 4.78%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust        | CSMC Trust 2016-NXSR                                                | CUSIP: 12594PBB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2663307.00   | 0.16%             | 2049-12-15      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                 | COMM 2015-DC1 Mortgage Trust                                        | CUSIP: 12629NAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    540000 | PA      | $488478.60    | 0.03%             | 2048-02-10      | Variable      | 4.29%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus      | Csail 2015-C2 Commercial Mortgage Trust                             | CUSIP: 12634NAZ1<br>LEI: 549300D5DIOOMKWXVZ20 | Long             | ABS-MBS          | CORP              | US        |   3579000 | PA      | $3257471.59   | 0.20%             | 2057-06-15      | Variable      | 4.18%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus      | CSAIL 2015-C3 Commercial Mortgage Trust                             | CUSIP: 12635FBA1<br>LEI: 549300ZAGI6FKGY8O078 | Long             | ABS-MBS          | CORP              | US        |   5795000 | PA      | $3991303.35   | 0.24%             | 2048-08-15      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                     | CVS Health Corp                                                     | CUSIP: 126650CM0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   4770000 | PA      | $4449893.79   | 0.27%             | 2035-07-20      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                     | CVS Health Corp                                                     | CUSIP: 126650DY3<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $985499.92    | 0.06%             | 2033-06-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CARRINGTON HOLDING CO LL            | Carrington Holding Co LLC                                           | CUSIP: 144523AE7<br>LEI: 635400MJJEAT2FUN2F71 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4925599.65   | 0.30%             | 2029-05-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza      | Castlelake Aircraft Structured Trust 2019-1                         | CUSIP: 14855MAA6<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |   1901262 | PA      | $1801454.12   | 0.11%             | 2039-04-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| SOUTHSTATE CORP                     | CenterState Bank Corp                                               | CUSIP: 15201PAA7<br>LEI: 549300JZUANXM0YQ4W53 | Long             | DBT              | CORP              | US        |    690000 | PA      | $686550.00    | 0.04%             | 2030-06-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                       | Citigroup Inc                                                       | CUSIP: 172967DS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    868000 | PA      | $772272.89    | 0.05%             | 2036-08-25      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                       | Citigroup Inc                                                       | CUSIP: 1730T0A82<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | SN               | CORP              | US        |    245000 | PA      | $209269.94    | 0.01%             | 2028-11-15      | Variable      | 1.35%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                       | Citigroup Inc                                                       | CUSIP: 1730T0HV4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | SN               | CORP              | US        |   1152000 | PA      | $979062.91    | 0.06%             | 2029-12-23      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                       | Citigroup Inc                                                       | CUSIP: 1730T0UG2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | SN               | CORP              | US        |    740000 | PA      | $633924.70    | 0.04%             | 2028-07-09      | Variable      | 0.87%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage       | Citigroup Commercial Mortgage Trust 2016-GC36                       | CUSIP: 17324TAM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4056118.00   | 0.25%             | 2049-02-10      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| COLGATE-PALMOLIVE CO                | Colgate-Palmolive Co                                                | CUSIP: 19416QDJ6<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1356672.94   | 0.08%             | 2046-12-04      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC                    | Crown Castle Inc                                                    | CUSIP: 22822VAR2<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1217000 | PA      | $1124414.33   | 0.07%             | 2030-07-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| DBUBS Mortgage Trust                | DBUBS 2011-LC3 Mortgage Trust                                       | CUSIP: 23305YAW9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4197000 | PA      | $2864452.50   | 0.17%             | 2044-05-10      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| DOLLAR GENERAL CORP                 | Dollar General Corp                                                 | CUSIP: 256677AL9<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1964288.22   | 0.12%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EVERBANK FINANCIAL CORP             | EverBank Financial Corp                                             | CUSIP: 29977GAC6<br>LEI: 549300ZSQX8IP0RAE826 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4066598.48   | 0.25%             | 2034-09-01      | Variable      | 8.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK              | Federal Home Loan Banks                                             | CUSIP: 3130B3GM9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   4130000 | PA      | $4108482.29   | 0.25%             | 2031-11-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae REMICS                                                   | CUSIP: 3136BG7E5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2345876 | PA      | $1010320.08   | 0.06%             | 2051-10-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                         | Freddie Mac REMICS                                                  | CUSIP: 3137H0VP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    551386 | PA      | $293190.76    | 0.02%             | 2051-04-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                         | Freddie Mac REMICS                                                  | CUSIP: 3137H2GV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3457502 | PA      | $1772925.53   | 0.11%             | 2051-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                         | Freddie Mac REMICS                                                  | CUSIP: 3137H2YT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4584048 | PA      | $2865922.72   | 0.17%             | 2051-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDNAT HOLDING CO                   | FedNat Holding Co                                                   | CUSIP: 31431BAC3<br>LEI: 549300TFR6HALUYTYJ66 | Long             | DBT              | CORP              | US        |  17000000 | PA      | $340000.00    | 0.02%             | 2029-03-15      | None          | 7.75%                 | No            |                  3 | On Loan: No      |
| FISERV INC                          | Fiserv Inc                                                          | CUSIP: 337738BE7<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1016859.64   | 0.06%             | 2033-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38382A5T8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3483488 | PA      | $320285.50    | 0.02%             | 2048-03-20      | Floating      | 1.61%                 | No            |                  2 | On Loan: No      |
| HMH Trust                           | HMH Trust 2017-NSS                                                  | CUSIP: 40390AAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5850000 | PA      | $4975366.50   | 0.30%             | 2031-07-05      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| HCA INC                             | HCA Inc                                                             | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2002065.96   | 0.12%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Harley Marine Financing LLC         | Centerline Logistics Corp                                           | CUSIP: 41284LAH7<br>LEI: 5493005HW7HO5Y757M86 | Long             | ABS-O            | CORP              | US        |   6555231 | PA      | $6560870.39   | 0.40%             | 2027-12-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| HASBRO INC                          | Hasbro Inc                                                          | CUSIP: 418056BA4<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |   7600000 | PA      | $7693002.04   | 0.46%             | 2034-05-14      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Horizon Aircraft Finance            | Horizon Aircraft Finance I Ltd                                      | CUSIP: 440405AF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2702399 | PA      | $2256503.25   | 0.14%             | 2038-12-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor      | JP Morgan Chase Commercial Mortgage Securities Trust 2012-LC9       | CUSIP: 46639EAL5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1103212 | PA      | $1070126.34   | 0.06%             | 2047-12-15      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu      | JPMBB Commercial Mortgage Securities Trust 2014-C18                 | CUSIP: 46641JBC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5060000 | PA      | $4845051.20   | 0.29%             | 2047-02-15      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Kestrel Aircraft Funding Limit      | Kestrel Aircraft Funding Ltd                                        | CUSIP: 49255PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    909854 | PA      | $891711.07    | 0.05%             | 2038-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MEDALLION FINANCIAL CORP            | Medallion Financial Corp                                            | CUSIP: 583928AJ5<br>LEI: 549300FJ4FMGJ2C34Y48 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4975000.00   | 0.30%             | 2028-09-30      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust      | Morgan Stanley Capital I Trust 2015-UBS8                            | CUSIP: 61691ABQ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6500000 | PA      | $5875814.10   | 0.36%             | 2048-12-15      | Variable      | 4.58%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust           | Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10         | CUSIP: 61762MCB5<br>LEI: 549300P1YQ48837ZOI22 | Long             | ABS-MBS          | CORP              | US        |   2750000 | PA      | $2424840.00   | 0.15%             | 2046-07-15      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| A10 CAPITAL LLC                     | A10 Capital LLC                                                     | CUSIP: 66982EAA0<br>LEI: 549300RXTK0PSG57BV49 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4901562.25   | 0.30%             | 2026-08-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PCAP HOLDINGS LP                    | PCAP Holdings LP                                                    | CUSIP: 69320NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9131451.80   | 0.55%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PACIFIC PREMIER BANCORP             | Pacific Premier Bancorp Inc                                         | CUSIP: 69478XAE5<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5000000.00   | 0.30%             | 2030-06-15      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| PELORUS FUND REIT LLC               | Pelorus Fund REIT LLC                                               | CUSIP: 70615PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4936582.10   | 0.30%             | 2026-09-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PRIMIS FINANCIAL CORP               | Southern National Bancorp of Virginia Inc                           | CUSIP: 843395AA2<br>LEI: 549300JNX3M2EENG1F11 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1964288.20   | 0.12%             | 2027-01-31      | Variable      | 8.49%                 | No            |                  2 | On Loan: No      |
| Sprite Limited                      | Sprite 2021-1 Ltd                                                   | CUSIP: 85208UAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2507007 | PA      | $2446941.03   | 0.15%             | 2046-11-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                     | Tyson Foods Inc                                                     | CUSIP: 902494BM4<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2543974.60   | 0.15%             | 2034-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC              | UnitedHealth Group Inc                                              | CUSIP: 91324PCQ3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $472052.15    | 0.03%             | 2035-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                         | Viatris Inc                                                         | CUSIP: 92556VAD8<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |   8050000 | PA      | $7028246.91   | 0.42%             | 2030-06-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| WAYPOINT RESIDENTIAL LLC            | Waypoint Residential LLC                                            | CUSIP: 94677MAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4496594 | PA      | $1843603.54   | 0.11%             | 2029-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CVS PASS-THROUGH TRUST              | CVS Pass-Through Trust                                              | CUSIP: 126650BQ2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1225226 | PA      | $1265572.31   | 0.08%             | 2030-01-10      | Fixed         | 6.94%                 | No            |                  2 | On Loan: No      |
| CARRINGTON HOLDING CO LL            | Carrington Holding Co LLC                                           | CUSIP: 144523AG2<br>LEI: 635400MJJEAT2FUN2F71 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5023325.80   | 0.30%             | 2031-05-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                       | Citigroup Inc                                                       | CUSIP: 1730T0E21<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | SN               | CORP              | US        |   2863000 | PA      | $2105905.42   | 0.13%             | 2033-12-20      | Variable      | 0.36%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                     | Concentrix Corp                                                     | CUSIP: 20602DAC5<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |   7056000 | PA      | $7214053.06   | 0.44%             | 2033-08-02      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| DBUBS Mortgage Trust                | DBUBS 2011-LC3 Mortgage Trust                                       | CUSIP: 23305YAU3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7476810 | PA      | $6747821.05   | 0.41%             | 2044-05-10      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                          | Intel Corp                                                          | CUSIP: 458140AN0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1834793.50   | 0.11%             | 2032-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JABIL INC                           | Jabil Inc                                                           | CUSIP: 466313AH6<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2212134.64   | 0.13%             | 2028-01-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ALASKA AIR 2020-1 CL B              | Alaska Airlines 2020-1 Class B Pass Through Trust                   | CUSIP: 01166WAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1325782 | PA      | $1332013.41   | 0.08%             | 2025-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AVNET INC                           | Avnet Inc                                                           | CUSIP: 053807AU7<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |    580000 | PA      | $511791.61    | 0.03%             | 2031-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP              | Bank of New York Mellon Corp/The                                    | CUSIP: 064058AJ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $980577.30    | 0.06%             | 2026-03-20      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| BAY BANKS VIRGINIA                  | Bay Banks of Virginia Inc                                           | CUSIP: 072035AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2927139.72   | 0.18%             | 2029-10-15      | Variable      | 8.60%                 | No            |                  2 | On Loan: No      |
| BROADMARK REALTY CAPITAL            | Broadmark Realty Capital Inc                                        | CUSIP: 11135BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4744992.10   | 0.29%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRUNSWICK CORP                      | Brunswick Corp/DE                                                   | CUSIP: 117043AT6<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | DBT              | CORP              | US        |   2781000 | PA      | $2292633.79   | 0.14%             | 2031-08-18      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                 | CDW LLC / CDW Finance Corp                                          | CUSIP: 12513GBJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2040083.55   | 0.12%             | 2031-12-01      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                 | Cardinal Health Inc                                                 | CUSIP: 14149YBS6<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |   2477000 | PA      | $2469492.63   | 0.15%             | 2034-11-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTL INC              | Choice Hotels International Inc                                     | CUSIP: 169905AG1<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |   1102000 | PA      | $1005740.92   | 0.06%             | 2031-01-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTL INC              | Choice Hotels International Inc                                     | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |   6900000 | PA      | $6777098.58   | 0.41%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                       | Citigroup Inc                                                       | CUSIP: 1730T0KV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | SN               | CORP              | US        |    727000 | PA      | $572540.85    | 0.03%             | 2030-11-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| COLGATE-PALMOLIVE CO                | Colgate-Palmolive Co                                                | CUSIP: 19416QCY4<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | DBT              | CORP              | US        |    436000 | PA      | $431559.30    | 0.03%             | 2041-09-27      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| FMC CORP                            | FMC Corp                                                            | CUSIP: 302491AW5<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    825000 | PA      | $830219.16    | 0.05%             | 2026-05-18      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38382NHR1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1656456 | PA      | $668801.61    | 0.04%             | 2051-02-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38382XY33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1233097 | PA      | $469731.75    | 0.03%             | 2051-09-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38383ADK7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3477953 | PA      | $2143789.89   | 0.13%             | 2051-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38383ADQ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3176914 | PA      | $1871891.61   | 0.11%             | 2051-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN COASTAL INSURAN            | United Insurance Holdings Corp                                      | CUSIP: 910710AA0<br>LEI: 5299002P9105LJQA8G51 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2179687.50   | 0.13%             | 2027-12-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AT&T INC                            | AT&T Inc                                                            | CUSIP: 00206RCP5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1641666.53   | 0.10%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR            | Anheuser-Busch InBev Worldwide Inc                                  | CUSIP: 035240AE0<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | BE        |    500000 | PA      | $552199.26    | 0.03%             | 2033-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AVNET INC                           | Avnet Inc                                                           | CUSIP: 053807AV5<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |   4549000 | PA      | $4464991.93   | 0.27%             | 2032-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AVNET INC                           | Avnet Inc                                                           | CUSIP: 053807AW3<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2064405.54   | 0.12%             | 2028-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AXOS FINANCIAL INC                  | Axos Financial Inc                                                  | CUSIP: 05465CAA8<br>LEI: 529900D8M56422GK9O25 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7904000.00   | 0.48%             | 2030-10-01      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| BCB BANCORP INC                     | BCB Bancorp Inc                                                     | CUSIP: 055298AE3<br>LEI: 54930024V6Z8FYSN4291 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5421775.65   | 0.33%             | 2034-09-01      | Variable      | 9.25%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage S      | BBCMS Trust 2015-VFM                                                | CUSIP: 05546JAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2830851.90   | 0.17%             | 2036-03-12      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                    | Bank of Montreal                                                    | CUSIP: 06376CHK5<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   6539000 | PA      | $6552713.39   | 0.40%             | 2030-02-11      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BAYCOM CORP                         | BayCom Corp                                                         | CUSIP: 07272MAA5<br>LEI: 549300UOLS54Q5ONIG33 | Long             | DBT              | CORP              | US        |   8460000 | PA      | $8324264.12   | 0.50%             | 2030-09-15      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                | Boston Properties LP                                                | CUSIP: 10112RBJ2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   2755000 | PA      | $2722830.33   | 0.16%             | 2035-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                 | COMM 2014-UBS5 Mortgage Trust                                       | CUSIP: 12592KBH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6500000 | PA      | $5980000.00   | 0.36%             | 2047-09-10      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                 | COMM 2015-PC1 Mortgage Trust                                        | CUSIP: 12593GAL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2126250.00   | 0.13%             | 2050-07-10      | Variable      | 4.34%                 | No            |                  2 | On Loan: No      |
| CONNECTONE BANCORP INC              | ConnectOne Bancorp Inc                                              | CUSIP: 20786WAE7<br>LEI: 549300E2M5ZYAZKUK134 | Long             | DBT              | CORP              | US        |   7780000 | PA      | $7780000.00   | 0.47%             | 2030-06-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| DARDEN RESTAURANTS INC              | Darden Restaurants Inc                                              | CUSIP: 237194AE5<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |    675000 | PA      | $691126.76    | 0.04%             | 2035-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP             | Dell International LLC / EMC Corp                                   | CUSIP: 24703DBQ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2100000 | PA      | $1991017.20   | 0.12%             | 2035-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| DOLLAR GENERAL CORP                 | Dollar General Corp                                                 | CUSIP: 256677AP0<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |   3060000 | PA      | $3067032.77   | 0.19%             | 2033-07-05      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| EPR PROPERTIES                      | EPR Properties                                                      | CUSIP: 26884UAG4<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |   5897000 | PA      | $5255713.34   | 0.32%             | 2031-11-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                 | Fifth Third Bancorp                                                 | CUSIP: 316773CR9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   1498000 | PA      | $1497378.78   | 0.09%             | 2025-06-30      | Variable      | 7.69%                 | No            |                  2 | On Loan: No      |
| HORIZON BANCORP                     | Horizon Bancorp Inc/IN                                              | CUSIP: 440407AA2<br>LEI: 549300U2OQ2EIT5MXG39 | Long             | DBT              | CORP              | US        |   6750000 | PA      | $6691214.25   | 0.40%             | 2030-07-01      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| Icon Brand Holdings LLC             | Icon Brand Holdings LLC                                             | CUSIP: 45112AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7009399 | PA      | $3170575.35   | 0.19%             | 2043-01-25      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| JABIL INC                           | Jabil Inc                                                           | CUSIP: 466313AJ2<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    500000 | PA      | $469888.87    | 0.03%             | 2030-01-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor      | JP Morgan Chase Commercial Mortgage Securities Trust 2011-C3        | CUSIP: 46635TAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2159040 | PA      | $2080795.10   | 0.13%             | 2046-02-15      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN GROUP INC             | Jefferies Financial Group Inc                                       | CUSIP: 47233WHZ5<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1599974.22   | 0.10%             | 2026-02-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JUNIPER NETWORKS INC                | Juniper Networks Inc                                                | CUSIP: 48203RAN4<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1963968.60   | 0.12%             | 2025-12-10      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| PK ALIFT LOAN FUNDING               | Pk Alift Loan Funding 6 LP                                          | CUSIP: 69291YAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4150000 | PA      | $4137872.46   | 0.25%             | 2042-11-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| PVH CORP                            | PVH Corp                                                            | CUSIP: 693656AC4<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | DBT              | CORP              | US        |   5680000 | PA      | $5677690.63   | 0.34%             | 2025-07-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DOC DR LLC                          | DOC DR LLC                                                          | CUSIP: 71951QAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $864912.66    | 0.05%             | 2031-11-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| SCRIPPS NETWORKS INTERAC            | Scripps Networks Interactive Inc                                    | CUSIP: 811065AG6<br>LEI: 549300AI1MM5VBF43K58 | Long             | DBT              | CORP              | US        |    491000 | PA      | $490590.61    | 0.03%             | 2025-06-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Project Silver                      | Project Silver                                                      | CUSIP: 827304AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3797116 | PA      | $3664364.47   | 0.22%             | 2044-07-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY BANK                      | Synchrony Bank                                                      | CUSIP: 87166FAD5<br>LEI: 549300UATVPGSLE43Z27 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001123.32   | 0.06%             | 2025-08-22      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                         | Truist Bank                                                         | CUSIP: 89788KAA4<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $883531.64    | 0.05%             | 2030-03-11      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| UDR INC                             | UDR Inc                                                             | CUSIP: 90265EAS9<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              | CORP              | US        |   2192000 | PA      | $1804036.98   | 0.11%             | 2034-11-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                     | United States Treasury Note/Bond                                    | CUSIP: 9128284Z0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14943398.40  | 0.90%             | 2025-08-31      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                     | United States Treasury Note/Bond                                    | CUSIP: 91282CFW6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $15007968.75  | 0.91%             | 2025-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UTB FINANCIAL HOLDING CO            | UTB Financial Holding Co                                            | CUSIP: 91758PAA5<br>LEI: 549300BCI1V7V4DLG340 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5862458.58   | 0.35%             | 2028-09-01      | Variable      | 8.21%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU      | WFRBS Commercial Mortgage Trust 2013-C14                            | CUSIP: 92890PAH7<br>LEI: 549300GADFYEKC4OLM57 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1408935.00   | 0.09%             | 2046-06-15      | Variable      | 3.84%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag      | Wells Fargo Commercial Mortgage Trust 2015-C27                      | CUSIP: 94989DBC2<br>LEI: 5493001SKB2HKIF64L70 | Long             | ABS-MBS          | CORP              | US        |   6970938 | PA      | $6139304.92   | 0.37%             | 2048-02-15      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag      | Wells Fargo Commercial Mortgage Trust 2015-C31                      | CUSIP: 94989WBB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5189370 | PA      | $4483307.95   | 0.27%             | 2048-11-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag      | Wells Fargo Commercial Mortgage Trust 2016-C36                      | CUSIP: 95000MBV2<br>LEI: 549300BSYX29G4VVM177 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2572391.10   | 0.16%             | 2059-11-15      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE              | Westinghouse Air Brake Technologies Corp                            | CUSIP: 960386AQ3<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    600000 | PA      | $599310.55    | 0.04%             | 2025-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust        | GS Mortgage Securities Trust 2014-GC24                              | CUSIP: 36253GAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4340000 | PA      | $4038563.13   | 0.24%             | 2047-09-10      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38382T4Y7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1243252 | PA      | $584224.33    | 0.04%             | 2051-07-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GREAT AJAX OPER PSHIP               | Great Ajax Operating Partnership LP                                 | CUSIP: 38982GAA4<br>LEI: 549300IMX0KE8QJMZ613 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3423352.70   | 0.21%             | 2027-09-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Horizon Aircraft Finance            | Horizon Aircraft Finance II Ltd                                     | CUSIP: 44040HAA0<br>LEI: 549300KSCDSEIWTVMM32 | Long             | ABS-O            | CORP              | KY        |   1277344 | PA      | $1233899.29   | 0.07%             | 2039-07-15      | Fixed         | 3.72%                 | No            |                  2 | On Loan: No      |
| FORBRIGHT INC                       | Congressional Bancshares Inc                                        | CUSIP: 20727PAE4<br>LEI: 549300F86ZI0BZ1LVN33 | Long             | SN               | CORP              | US        |   5000000 | PA      | $4886233.15   | 0.30%             | 2029-12-01      | Variable      | 8.71%                 | No            |                  2 | On Loan: No      |
| IIP OPERATING PARTNER               | IIP Operating Partnership LP                                        | CUSIP: 44988FAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3619000 | PA      | $3457314.70   | 0.21%             | 2026-05-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NETFLIX INC                         | Netflix Inc                                                         | CUSIP: 64110LAY2<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199829.72    | 0.01%             | 2025-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                 | DENTSPLY SIRONA Inc                                                 | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |   8183000 | PA      | $7374627.62   | 0.45%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP             | Digital Realty Trust LP                                             | CUSIP: 25389JAV8<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2047010.90   | 0.12%             | 2028-01-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS            | Discovery Communications LLC                                        | CUSIP: 25470DBJ7<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1059659.66   | 0.06%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ENACT HOLDINGS INC                  | Enact Holdings Inc                                                  | CUSIP: 29249EAA7<br>LEI: 9845003CA5664B741N19 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3078406.17   | 0.19%             | 2029-05-28      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK MORTGAGE TRUST             | New York Mortgage Trust Inc                                         | CUSIP: 649604AG0<br>LEI: 549300JFGR0M7ULHWG48 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4876406.10   | 0.29%             | 2026-04-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NORTHPOINTE BANCSHARES I            | Northpointe Bancshares Inc                                          | CUSIP: 66661NAG5<br>LEI: 549300EYMKMD4WKEKP72 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3090984.60   | 0.19%             | 2034-09-01      | Variable      | 9.00%                 | No            |                  2 | On Loan: No      |
| ORANGE & ROCKLAND UTILIT            | Orange & Rockland Utilities Inc                                     | CUSIP: 684065AT2<br>LEI: 26RM8T263FMD21834H79 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2401134.06   | 0.15%             | 2027-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PEDCOR BANCORP                      | Pedcor Bancorp                                                      | CUSIP: 705307AA4<br>LEI: 549300VNEW7JOXBYNY34 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2860425.42   | 0.17%             | 2029-02-15      | Variable      | 9.19%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                         | Freddie Mac REMICS                                                  | CUSIP: 3137AVNU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4310747 | PA      | $243104.17    | 0.01%             | 2042-10-15      | Floating      | 0.14%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                         | Freddie Mac REMICS                                                  | CUSIP: 3137H2ET7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1440099 | PA      | $773164.71    | 0.05%             | 2051-09-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PIEDMONT OPERATING PARTN            | Piedmont Operating Partnership LP                                   | CUSIP: 720198AF7<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |   8854000 | PA      | $7103637.78   | 0.43%             | 2032-04-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| SAPPHIRE AVIATION FINANCE I LI      | SAPPHIRE AVIATION FINANCE I LTD                                     | CUSIP: 80306AAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    334564 | PA      | $331295.27    | 0.02%             | 2040-03-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| FEDNAT HOLDING CO                   | FedNat Holding Co                                                   | CUSIP: 31431BAD1<br>LEI: 549300TFR6HALUYTYJ66 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $100000.00    | 0.01%             | 2026-04-19      | None          | 5.00%                 | No            |                  3 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC            | Ford Motor Credit Co LLC                                            | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9920611.10   | 0.60%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FNB CORP                            | Howard Bancorp Inc                                                  | CUSIP: 442496AA3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2956760.10   | 0.18%             | 2028-12-06      | Variable      | 7.58%                 | No            |                  2 | On Loan: No      |
| SOUTHSTATE BANK NA                  | Independent Bank Group Inc                                          | CUSIP: 45384BAC0<br>LEI: 8I3UVGYULPJQIP7FQV10 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1947896.00   | 0.12%             | 2030-09-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| MS TRANSVERSE INSURANCE             | Transverse Insurance Group LLC                                      | CUSIP: 89402HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5004587.45   | 0.30%             | 2026-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                                         | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14883675.00  | 0.90%             | 2025-08-07      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| EVEREST REINSURANCE HLDG            | Everest Reinsurance Holdings Inc                                    | CUSIP: 299808AE5<br>LEI: 254900P29PM5UJR3VU91 | Long             | DBT              | CORP              | US        |  11455000 | PA      | $11085875.23  | 0.67%             | 2037-05-15      | Variable      | 6.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae REMICS                                                   | CUSIP: 3136BBE40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2000252 | PA      | $1735730.23   | 0.10%             | 2050-09-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                          | Fannie Mae REMICS                                                   | CUSIP: 3136BDCY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2713671 | PA      | $1300144.05   | 0.08%             | 2050-12-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fanniemae Strip                     | Fannie Mae Interest Strip                                           | CUSIP: 31395Q5T3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2200783 | PA      | $317575.19    | 0.02%             | 2044-05-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                            | Flex Ltd                                                            | CUSIP: 33938XAE5<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |   1000000 | PA      | $1025810.87   | 0.06%             | 2028-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FLOWSERVE CORPORATION               | Flowserve Corp                                                      | CUSIP: 34354PAF2<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | DBT              | CORP              | US        |    899000 | PA      | $829369.12    | 0.05%             | 2030-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                 | Global Payments Inc                                                 | CUSIP: 37940XAD4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $905743.79    | 0.05%             | 2030-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| HASBRO INC                          | Hasbro Inc                                                          | CUSIP: 418056AY3<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245324.04    | 0.01%             | 2026-11-19      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| HIGHWOODS REALTY LP                 | Highwoods Realty LP                                                 | CUSIP: 431282AS1<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |   1834000 | PA      | $1652010.82   | 0.10%             | 2030-02-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                          | Intel Corp                                                          | CUSIP: 458140CL2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $977737.94    | 0.06%             | 2034-02-21      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu      | JPMBB Commercial Mortgage Securities Trust 2013-C14                 | CUSIP: 46640LAK8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2654245 | PA      | $2449629.54   | 0.15%             | 2046-08-15      | Variable      | 4.04%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                 | JPMorgan Chase & Co                                                 | CUSIP: 48128BAH4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4250896.75   | 0.26%             | 2025-07-01      | Variable      | 7.04%                 | No            |                  2 | On Loan: No      |
| Kestrel Aircraft Funding Limit      | Kestrel Aircraft Funding Ltd                                        | CUSIP: 49255PAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1002409 | PA      | $820768.17    | 0.05%             | 2038-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| METAL Cayman                        | METAL 2017-1 LLC                                                    | CUSIP: 59111RAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  12373249 | PA      | $8166839.03   | 0.49%             | 2042-10-15      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| MIDLAND STATES BANCORP              | Midland States Bancorp Inc                                          | CUSIP: 597742AL9<br>LEI: 5493006RHXW9TTBWYC94 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5445359.54   | 0.33%             | 2029-09-30      | Variable      | 7.91%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust           | Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11         | CUSIP: 61762TAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4382261 | PA      | $4101795.88   | 0.25%             | 2046-08-15      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust           | Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16         | CUSIP: 61763MAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1597950 | PA      | $1517269.69   | 0.09%             | 2047-06-15      | Variable      | 4.58%                 | No            |                  2 | On Loan: No      |
| NEWPORT REALTY TRUST                | Newport Realty Trust Inc                                            | CUSIP: 652315AA0<br>LEI: 549300NQHVIV87HVCR07 | Long             | DBT              | CORP              | US        |   8995177 | PA      | $8905224.81   | 0.54%             | 2025-12-01      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| NEXPOINT REAL ESTATE FIN            | Nexpoint Real Estate Finance Inc                                    | CUSIP: 65342VAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8733481.92   | 0.53%             | 2026-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS            | Omega Healthcare Investors Inc                                      | CUSIP: 681936BL3<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1081393.16   | 0.07%             | 2029-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PINNACLE FINANCIAL PARTN            | Pinnacle Financial Partners Inc                                     | CUSIP: 72346QAC8<br>LEI: 54930098EZ8JMSAZGS24 | Long             | SN               | CORP              | US        |   5000000 | PA      | $4901573.15   | 0.30%             | 2029-09-15      | Variable      | 7.34%                 | No            |                  2 | On Loan: No      |
| Pioneer Aircraft Finance Limit      | Pioneer Aircraft Finance Ltd                                        | CUSIP: 72353PAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1419643 | PA      | $1320282.95   | 0.08%             | 2044-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| POST BROTHERS HLDS LLC              | Post Brothers Holdings LLC                                          | CUSIP: 73742PAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4973964.80   | 0.30%             | 2025-08-18      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities, LLC        | Business Jet Securities 2022-1 LLC                                  | CUSIP: 12327AAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    555027 | PA      | $543371.64    | 0.03%             | 2037-06-15      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                 | CDW LLC / CDW Finance Corp                                          | CUSIP: 12513GBL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2461633.10   | 0.15%             | 2034-08-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| SCRE INTERMEDIATE HOLDCO            | SCRE Intermediate Holdco LLC                                        | CUSIP: 78434LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7569017.52   | 0.46%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                       | J M Smucker Co/The                                                  | CUSIP: 832696AX6<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1325602.94   | 0.08%             | 2033-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| SOUTH ST SEC FUND LLC               | South Street Securities Funding LLC                                 | CUSIP: 84046SAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4995971.20   | 0.30%             | 2026-12-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| STANLEY BLACK & DECKER I            | Stanley Black & Decker Inc                                          | CUSIP: 854502AS0<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3000485.34   | 0.18%             | 2026-03-06      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| CABOT CORP                          | Cabot Corp                                                          | CUSIP: 127055AK7<br>LEI: K05C0SER542GQ6VLRO68 | Long             | DBT              | CORP              | US        |    732000 | PA      | $718537.80    | 0.04%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage       | Citigroup Commercial Mortgage Trust 2015-GC35                       | CUSIP: 17324KAT5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $4903040.10   | 0.30%             | 2048-11-10      | Variable      | 4.46%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                 | Synchrony Financial                                                 | CUSIP: 87165BAS2<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   2576000 | PA      | $2576383.36   | 0.16%             | 2025-06-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TLWND 2019-1                        | GAIA Aviation Ltd                                                   | CUSIP: 87404LAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   2888439 | PA      | $2616779.66   | 0.16%             | 2044-12-15      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK               | Toronto-Dominion Bank/The                                           | CUSIP: 89114TZQ8<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $861320.31    | 0.05%             | 2032-01-12      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag      | Wells Fargo Commercial Mortgage Trust 2015-SG1                      | CUSIP: 94989QBB5<br>LEI: 549300ZJL46M82UL2Z22 | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4651536.50   | 0.28%             | 2048-09-15      | Variable      | 4.43%                 | No            |                  2 | On Loan: No      |
| COMERICA BANK                       | Comerica Bank                                                       | CUSIP: 200339EX3<br>LEI: 70WY0ID1N53Q4254VH70 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7639374.48   | 0.46%             | 2033-08-25      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC             | Goldman Sachs Group Inc/The                                         | CUSIP: 38148TMB2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997803.98    | 0.06%             | 2026-04-05      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38382W3P0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4457431 | PA      | $2831598.63   | 0.17%             | 2051-08-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38382WPA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2673017 | PA      | $1759218.00   | 0.11%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38383APL2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3983441 | PA      | $2216864.10   | 0.13%             | 2051-09-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HSG FIN & DEV CORP S      | Hawaii Housing Finance and Development Corp                         | CUSIP: 419818HM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    113315 | PA      | $107302.72    | 0.01%             | 2037-07-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu      | JPMBB Commercial Mortgage Securities Trust 2015-C32                 | CUSIP: 46590JBB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $441759.35    | 0.03%             | 2048-11-15      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                 | JPMorgan Chase & Co                                                 | CUSIP: 48130CCN3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2011704.94   | 0.12%             | 2033-10-31      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                | Kraft Heinz Foods Co                                                | CUSIP: 50077LAL0<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $968352.33    | 0.06%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP               | Lincoln National Corp                                               | CUSIP: 534187BN8<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |  28878000 | PA      | $24118678.04  | 1.46%             | 2066-05-17      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| Mach I                              | MACH 1 Cayman 2019-1 Ltd                                            | CUSIP: 55446MAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3212423 | PA      | $3053099.74   | 0.18%             | 2039-10-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                    | Ryder System Inc                                                    | CUSIP: 78355HKQ1<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    737000 | PA      | $737000.00    | 0.04%             | 2025-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SABRA HEALTH CARE LP                | Sabra Health Care LP                                                | CUSIP: 78574MAA1<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $2654229.04   | 0.16%             | 2031-12-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                   | Sysco Corp                                                          | CUSIP: 871829BT3<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    500000 | PA      | $527965.42    | 0.03%             | 2034-01-17      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TOLL BROS FINANCE CORP              | Toll Brothers Finance Corp                                          | CUSIP: 88947EAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2971947.42   | 0.18%             | 2028-02-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU      | WFRBS Commercial Mortgage Trust 2012-C10                            | CUSIP: 92890NAX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    896589 | PA      | $844963.53    | 0.05%             | 2045-12-15      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 17-1 A PTT             | American Airlines 2017-1 Class A Pass Through Trust                 | CUSIP: 02378AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    193110 | PA      | $183427.56    | 0.01%             | 2029-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Blackbird Capital Aircraft          | Blackbird Capital Aircraft Lease Securitization Ltd 2016-1          | CUSIP: 09228YAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1911129 | PA      | $1907854.47   | 0.12%             | 2041-12-16      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                 | COMM 2014-UBS4 Mortgage Trust                                       | CUSIP: 12591QAD4<br>LEI: 5493004GWEVMOU8S3L34 | Long             | ABS-MBS          | CORP              | US        |   9740000 | PA      | $2077444.60   | 0.13%             | 2047-08-10      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus      | CSAIL 2015-C1 Commercial Mortgage Trust                             | CUSIP: 126281BF0<br>LEI: 549300UFJ8EKD81Y8R30 | Long             | ABS-MBS          | CORP              | US        |   1780000 | PA      | $1616222.20   | 0.10%             | 2050-04-15      | Variable      | 3.83%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus      | Csail 2015-C2 Commercial Mortgage Trust                             | CUSIP: 12634NAY4<br>LEI: 549300D5DIOOMKWXVZ20 | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4813347.50   | 0.29%             | 2057-06-15      | Variable      | 4.21%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                        | Comcast Corp                                                        | CUSIP: 20030NEJ6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1259360.29   | 0.08%             | 2034-06-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| COMERICA INC                        | Comerica Inc                                                        | CUSIP: 200340AT4<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1935912.44   | 0.12%             | 2029-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                   | HSBC Holdings PLC                                                   | CUSIP: 404280DK2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1080000 | PA      | $1174949.59   | 0.07%             | 2032-05-17      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Jol Air                             | JOL Air Ltd                                                         | CUSIP: 46651NAB0<br>LEI: 549300TS4MUGCDXPW498 | Long             | ABS-O            | CORP              | KY        |    558872 | PA      | $551999.09    | 0.03%             | 2044-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| LEAR CORP                           | Lear Corp                                                           | CUSIP: 521865BC8<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $849552.07    | 0.05%             | 2032-01-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| WINGSPIRE EQUIPT FIN LLC            | Liberty Commercial Finance LLC                                      | CUSIP: 53036LAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5795776.08   | 0.35%             | 2026-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust           | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22         | CUSIP: 61690FAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $3337550.00   | 0.20%             | 2048-04-15      | Variable      | 4.06%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                          | Leidos Inc                                                          | CUSIP: 808626AE5<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |   2518000 | PA      | $2754880.85   | 0.17%             | 2032-07-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| WEBSTER FINANCIAL CORP              | Sterling Bancorp/DE                                                 | CUSIP: 85917AAB6<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | DBT              | CORP              | US        |   9700000 | PA      | $9606338.84   | 0.58%             | 2029-12-30      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO            | Virginia Electric and Power Co                                      | CUSIP: 927804FA7<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3524489.54   | 0.21%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU      | WFRBS Commercial Mortgage Trust 2014-C21                            | CUSIP: 92939FAY5<br>LEI: 5493000F7E2NMQ4HIO61 | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2844300.00   | 0.17%             | 2047-08-15      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS              | Zimmer Biomet Holdings Inc                                          | CUSIP: 98956PAZ5<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1231729.58   | 0.07%             | 2034-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ZIONS BANCORP NA                    | Zions Bancorp NA                                                    | CUSIP: 98971DAB6<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | DBT              | CORP              | US        |   9092000 | PA      | $8206897.98   | 0.50%             | 2029-10-29      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AFFILIATED MANAGERS GROU            | Affiliated Managers Group Inc                                       | CUSIP: 008252AR9<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2206536.55   | 0.13%             | 2034-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALBEMARLE CORP                      | Albemarle Corp                                                      | CUSIP: 012653AE1<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | DBT              | CORP              | US        |   7250000 | PA      | $6716438.21   | 0.41%             | 2032-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC               | Arrow Electronics Inc                                               | CUSIP: 04273WAE1<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   5420000 | PA      | $5472776.49   | 0.33%             | 2034-04-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| BANC OF CALIFORNIA INC              | Banc of California NA                                               | CUSIP: 05990KAD8<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | DBT              | CORP              | US        |  12500000 | PA      | $12078029.75  | 0.73%             | 2030-10-30      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                    | Berry Global Inc                                                    | CUSIP: 08576PAL5<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3614782.78   | 0.22%             | 2028-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BORGWARNER INC                      | BorgWarner Inc                                                      | CUSIP: 099724AQ9<br>LEI: 549300DSFX2IE88NSX47 | Long             | DBT              | CORP              | US        |   4401000 | PA      | $4380203.47   | 0.26%             | 2034-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities, LLC        | Business Jet Securities 2022-1 LLC                                  | CUSIP: 12327AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3885191 | PA      | $3800879.53   | 0.23%             | 2037-06-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| BYLINE BANCORP INC                  | Byline Bancorp Inc                                                  | CUSIP: 124411AA7<br>LEI: 549300W7ODP4YL2H4823 | Long             | DBT              | CORP              | US        |  12000000 | PA      | $11837747.04  | 0.72%             | 2030-07-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                          | 3M Co                                                               | CUSIP: 604059AG0<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |   3863000 | PA      | $3836004.85   | 0.23%             | 2040-12-21      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK               | Toronto-Dominion Bank/The                                           | CUSIP: 89115JAE3<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $2967770.82   | 0.18%             | 2030-04-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP               | Truist Financial Corp                                               | CUSIP: 89832QAD1<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |  10552000 | PA      | $10484307.86  | 0.63%             | 2025-09-01      | Variable      | 6.67%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                                         | CUSIP: 912797NP8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5997215.55   | 0.36%             | 2025-06-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                    | Ventas Realty LP                                                    | CUSIP: 92277GAX5<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1262130.85   | 0.08%             | 2034-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                    | Ventas Realty LP                                                    | CUSIP: 92277GBA4<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1921425.82   | 0.12%             | 2035-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON GAS LIGHT CO             | Washington Gas Light Co                                             | CUSIP: 93884PDM9<br>LEI: DL22T1SB4DUBS063O841 | Long             | DBT              | CORP              | US        |   3700000 | PA      | $3699421.88   | 0.22%             | 2025-08-11      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT            | Western Midstream Operating LP                                      | CUSIP: 958667AF4<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5189745.90   | 0.31%             | 2029-01-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Willis Engine Securitization T      | Willis Engine Structured Trust IV                                   | CUSIP: 97064EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4393003 | PA      | $4340966.17   | 0.26%             | 2043-09-15      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| ASSURED GUARANTY US HLDG            | Assured Guaranty US Holdings Inc                                    | CUSIP: 04622DAA9<br>LEI: 5493007YCE0652G9TZ64 | Long             | DBT              | CORP              | US        |  12106000 | PA      | $11423247.02  | 0.69%             | 2066-12-15      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC             | Booz Allen Hamilton Inc                                             | CUSIP: 09951LAC7<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2262883.50   | 0.14%             | 2033-08-04      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                | Boston Properties LP                                                | CUSIP: 10112RAX2<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   1221000 | PA      | $1211572.27   | 0.07%             | 2026-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                   | Brown & Brown Inc                                                   | CUSIP: 115236AG6<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   2073000 | PA      | $2091916.87   | 0.13%             | 2034-06-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| CG-CCRE Commercial Mortgage Tr      | CG-CCRE Commercial Mortgage Trust 2014-FL1                          | CUSIP: 12528MAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5608848 | PA      | $5367723.77   | 0.32%             | 2031-06-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                 | COMM 2014-UBS5 Mortgage Trust                                       | CUSIP: 12592KBF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3270000 | PA      | $3159179.70   | 0.19%             | 2047-09-10      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                 | COMM 2012-CCRE4 Mortgage Trust                                      | CUSIP: 12624QAT0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2700507.30   | 0.16%             | 2045-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trus      | CSAIL 2015-C3 Commercial Mortgage Trust                             | CUSIP: 12635FAY0<br>LEI: 549300ZAGI6FKGY8O078 | Long             | ABS-MBS          | CORP              | US        |   3905000 | PA      | $3656054.30   | 0.22%             | 2048-08-15      | Variable      | 4.05%                 | No            |                  2 | On Loan: No      |
| CHANGE CO CDFI LLC                  | Change Co CDFI LLC/The                                              | CUSIP: 15912AAC6<br>LEI: N/A                  | Long             | SN               | CORP              | US        |   7000000 | PA      | $6299889.89   | 0.38%             | 2031-09-30      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS            | Cheniere Energy Partners LP                                         | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4403148.48   | 0.27%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CINCINNATI FINL CORP                | Cincinnati Financial Corp                                           | CUSIP: 172062AE1<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2628894.20   | 0.16%             | 2034-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                       | Citigroup Inc                                                       | CUSIP: 1730T0UB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | SN               | CORP              | US        |   1394000 | PA      | $993852.30    | 0.06%             | 2033-07-09      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                         | Citibank NA                                                         | CUSIP: 17325FBG2<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    750000 | PA      | $766867.39    | 0.05%             | 2034-04-30      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| Coinstar Funding, LLC               | Coinstar Funding LLC Series 2017-1                                  | CUSIP: 19260MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  26031400 | PA      | $23769531.65  | 1.44%             | 2047-04-25      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| CONSERVATION FUND                   | Conservation Fund A Nonprofit Corp/The                              | CUSIP: 20848FAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2257000 | PA      | $2115587.44   | 0.13%             | 2029-12-15      | Fixed         | 3.47%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC              | Cox Communications Inc                                              | CUSIP: 224044AG2<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |   3565000 | PA      | $3566984.53   | 0.22%             | 2025-06-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CROWN CAP HOLD LLC                  | Crown Capital Holdings LLC                                          | CUSIP: 22821CAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7000000 | PA      | $4200000.00   | 0.25%             | 2025-01-15      | None          | 12.50%                | No            |                  2 | On Loan: No      |
| DARDEN RESTAURANTS INC              | Darden Restaurants Inc                                              | CUSIP: 237194AN5<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $4070314.36   | 0.25%             | 2033-10-10      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP             | Digital Realty Trust LP                                             | CUSIP: 25389JAU0<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |    489000 | PA      | $470061.27    | 0.03%             | 2029-07-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| EIDP INC                            | EIDP Inc                                                            | CUSIP: 26353LHW4<br>LEI: GLU7INWNWH88J9XBXD45 | Long             | DBT              | CORP              | US        |    515000 | PA      | $510178.39    | 0.03%             | 2040-12-21      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| ECAF LTD                            | ECAF I Ltd                                                          | CUSIP: 26827EAC9<br>LEI: 635400SSRNQERTYCWK57 | Long             | ABS-O            | CORP              | KY        |   5079556 | PA      | $4457310.14   | 0.27%             | 2040-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EAGLE BANCORP INC                   | Eagle Bancorp Inc                                                   | CUSIP: 268948AE6<br>LEI: 549300B47NZODRMG3D47 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6152517.90   | 0.37%             | 2029-09-30      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                    | Enstar Group Ltd                                                    | CUSIP: 29359UAC3<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |   8132000 | PA      | $7101945.75   | 0.43%             | 2031-09-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER            | Enterprise Products Operating LLC                                   | CUSIP: 29379VAN3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   7278000 | PA      | $7202912.07   | 0.44%             | 2067-06-01      | Variable      | 7.37%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                         | Freddie Mac REMICS                                                  | CUSIP: 3137F6XZ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    764855 | PA      | $355757.17    | 0.02%             | 2050-11-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                         | Freddie Mac REMICS                                                  | CUSIP: 3137FFUB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3306619 | PA      | $1681547.14   | 0.10%             | 2051-03-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FLEX LTD                            | Flex Ltd                                                            | CUSIP: 33938XAA3<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |   2497000 | PA      | $2485612.81   | 0.15%             | 2029-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                 | Georgia-Pacific LLC                                                 | CUSIP: 373298BN7<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    421000 | PA      | $426421.49    | 0.03%             | 2025-12-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38382JAQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1024785 | PA      | $400559.00    | 0.02%             | 2050-09-16      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38382RXT0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    389458 | PA      | $287787.40    | 0.02%             | 2051-04-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38382WW37<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7090997 | PA      | $4028671.87   | 0.24%             | 2051-08-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38382WW60<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3339123 | PA      | $1844370.66   | 0.11%             | 2051-08-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38382XJH9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2253756 | PA      | $1362209.65   | 0.08%             | 2051-08-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HALLMARK FINANCIAL SVCS             | Hallmark Financial Services Inc                                     | CUSIP: 40624QAB0<br>LEI: 549300QVZIZ17RUE4C20 | Long             | DBT              | CORP              | US        |  13000000 | PA      | $2762500.00   | 0.17%             | 2029-08-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON INC                 | Harley-Davidson Inc                                                 | CUSIP: 412822AD0<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4987482.35   | 0.30%             | 2025-07-28      | Fixed         | 3.50%                 | 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: 46590XAY2<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   5000000 | PA      | $5063200.00   | 0.31%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KEMPER CORP                         | Kemper Corp                                                         | CUSIP: 488401AD2<br>LEI: 549300FNI1JKTRY2PV09 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $2899045.79   | 0.18%             | 2032-02-23      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                         | KeyBank NA/Cleveland OH                                             | CUSIP: 49327V2C7<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6596854.11   | 0.40%             | 2032-08-08      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LINCOLN CENTER FOR ARTS             | Lincoln Center for the Performing Arts Inc                          | CUSIP: 533097AA9<br>LEI: 5493005I1IFCGZIFFQ41 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1659142.82   | 0.10%             | 2035-12-01      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| MINNWEST CORP                       | Minnwest Corp                                                       | CUSIP: 60426PAA2<br>LEI: 549300T5O0HCNHK4PS46 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5848249.92   | 0.35%             | 2028-07-15      | Variable      | 7.50%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                      | Morgan Stanley                                                      | CUSIP: 61760QNZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | SN               | CORP              | US        |   2890000 | PA      | $2894879.07   | 0.17%             | 2030-05-30      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| QORVO INC                           | Qorvo Inc                                                           | CUSIP: 74736KAH4<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7194648.75   | 0.43%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| READYCAP HOLDINGS LLC               | ReadyCap Holdings LLC                                               | CUSIP: 755763AC3<br>LEI: 549300W908MAGNC9E420 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9466023.20   | 0.57%             | 2026-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru      | SMB Private Education Loan Trust 2014-A                             | CUSIP: 784456AF2<br>LEI: 549300XC4C7GRVLU6076 | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $6260673.30   | 0.38%             | 2045-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SIGNATURE BANK NEW YORK             | Signature Bank/New York NY                                          | CUSIP: 82669GCK8<br>LEI: VLP5AP0XK2GM6GKD1007 | Long             | DBT              | CORP              | US        |   1595000 | PA      | $909150.00    | 0.05%             | 2030-10-15      | None          | 4.00%                 | No            |                  2 | On Loan: No      |
| Sprite Limited                      | Sprite 2021-1 Ltd                                                   | CUSIP: 85208UAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   5016236 | PA      | $4807884.06   | 0.29%             | 2046-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| STANLEY BLACK & DECKER I            | Stanley Black & Decker Inc                                          | CUSIP: 854502AQ4<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |   1129000 | PA      | $969704.81    | 0.06%             | 2032-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VERISIGN INC                        | VeriSign Inc                                                        | CUSIP: 92343EAM4<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $878048.06    | 0.05%             | 2031-06-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag      | Wells Fargo Commercial Mortgage Trust 2015-LC22                     | CUSIP: 94989TBE3<br>LEI: 549300XO83D3BDYP0P62 | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $790278.56    | 0.05%             | 2058-09-15      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                          | AbbVie Inc                                                          | CUSIP: 00287YAR0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $474526.02    | 0.03%             | 2035-05-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ACRES COMMERCIAL REALTY             | ACRES Commercial Realty Corp                                        | CUSIP: 00489QAA0<br>LEI: 549300RUJWPCMY4JFR46 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7771171.28   | 0.47%             | 2026-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E            | Alexandria Real Estate Equities Inc                                 | CUSIP: 015271BC2<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |    500000 | PA      | $474328.71    | 0.03%             | 2036-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD            | Aptiv PLC / Aptiv Global Financing DAC                              | CUSIP: 03837AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |   7000000 | PA      | $6880582.38   | 0.42%             | 2029-09-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                | Bank of America Corp                                                | CUSIP: 06048WEJ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | SN               | CORP              | US        |    671000 | PA      | $536976.47    | 0.03%             | 2030-11-19      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                    | Bank of Montreal                                                    | CUSIP: 06368B5P9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   6977000 | PA      | $6921575.41   | 0.42%             | 2025-08-25      | Variable      | 6.71%                 | No            |                  2 | On Loan: No      |
| BOEING CO                           | Boeing Co/The                                                       | CUSIP: 097023AU9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1036846.92   | 0.06%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                | Boston Properties LP                                                | CUSIP: 10112RBD5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   4085000 | PA      | $3678831.47   | 0.22%             | 2031-01-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                     | Cigna Group/The                                                     | CUSIP: 125523CV0<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    750000 | PA      | $747650.49    | 0.05%             | 2034-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BOKF MERGER CORP SIXTEEN            | BOKF Merger Corp Number Sixteen                                     | CUSIP: 190897AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9322518.60   | 0.56%             | 2030-06-25      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT            | Element Fleet Management Corp                                       | CUSIP: 286181AD4<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |    503000 | PA      | $502681.73    | 0.03%             | 2025-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC            | F&G Annuities & Life Inc                                            | CUSIP: 30190AAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7298000 | PA      | $7044075.72   | 0.43%             | 2034-10-04      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FMC CORP                            | FMC Corp                                                            | CUSIP: 302491AT2<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |   3343000 | PA      | $3266473.41   | 0.20%             | 2026-10-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| F&M FINANCIAL CORP                  | F&M Financial Services Corp                                         | CUSIP: 30311RAA9<br>LEI: 549300TRY3LFAOVSVM27 | Long             | SN               | CORP              | US        |   9000000 | PA      | $8947702.08   | 0.54%             | 2029-09-17      | Variable      | 9.14%                 | No            |                  2 | On Loan: No      |
| FIDELITY FEDERAL BANCORP            | Fidelity Federal Bancorp                                            | CUSIP: 315921AG1<br>LEI: 5493004DRUFQ7MQTK142 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6318930.35   | 0.38%             | 2028-10-15      | Variable      | 8.31%                 | No            |                  2 | On Loan: No      |
| FIDELITY FEDERAL BANCORP            | Fidelity Federal Bancorp                                            | CUSIP: 315921AJ5<br>LEI: 5493004DRUFQ7MQTK142 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6936331.85   | 0.42%             | 2029-11-01      | Variable      | 8.91%                 | No            |                  2 | On Loan: No      |
| First American Government Obli      | First American Government Obligations Fund                          | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    100000 | NS      | $100000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD                            | Flex Ltd                                                            | CUSIP: 33938EAU1<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |   4207000 | PA      | $4206332.10   | 0.25%             | 2025-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                 | Global Payments Inc                                                 | CUSIP: 37940XAH5<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   1154000 | PA      | $1001571.61   | 0.06%             | 2031-11-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| GLOBE LIFE INC                      | Globe Life Inc                                                      | CUSIP: 37959EAC6<br>LEI: 5493001JFHKQOPP6XA71 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6087382.14   | 0.37%             | 2034-09-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| HOA Funding LLC                     | HOA Funding LLC - HOA                                               | CUSIP: 40390GAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12601918 | PA      | $3660467.74   | 0.22%             | 2051-08-20      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                    | HF Sinclair Corp                                                    | CUSIP: 403949AR1<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2510072.28   | 0.15%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HCA INC                             | HCA Inc                                                             | CUSIP: 404119AJ8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   4273000 | PA      | $4807494.49   | 0.29%             | 2033-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| HEALTHCARE RLTY HLDGS LP            | Healthcare Realty Holdings LP                                       | CUSIP: 42225UAM6<br>LEI: 549300IYGAS4GE6VDL07 | Long             | DBT              | CORP              | US        |   1705000 | PA      | $1400254.64   | 0.08%             | 2031-03-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| HIGHWOODS REALTY LP                 | Highwoods Realty LP                                                 | CUSIP: 431282AU6<br>LEI: JUJNVZX73BIYHLR58F51 | Long             | DBT              | CORP              | US        |   4850000 | PA      | $5336573.83   | 0.32%             | 2034-02-01      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP            | Host Hotels & Resorts LP                                            | CUSIP: 44107TBC9<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |   6910000 | PA      | $6649042.05   | 0.40%             | 2035-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                          | Humana Inc                                                          | CUSIP: 444859BY7<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3804057.30   | 0.23%             | 2034-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                          | Humana Inc                                                          | CUSIP: 444859CA8<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2011617.98   | 0.12%             | 2031-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS            | Huntington Ingalls Industries Inc                                   | CUSIP: 446413AZ9<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1843313.24   | 0.11%             | 2028-08-16      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| HUNTSMAN INTERNATIONAL L            | Huntsman International LLC                                          | CUSIP: 44701QBF8<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |   3307000 | PA      | $2725590.61   | 0.16%             | 2031-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                   | Hyatt Hotels Corp                                                   | CUSIP: 448579AS1<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   2221000 | PA      | $2176648.16   | 0.13%             | 2034-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLUMINA INC                        | Illumina Inc                                                        | CUSIP: 452327AN9<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2006686.80   | 0.12%             | 2025-12-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| INDEPENDENT BANK CORP               | Independent Bank Corp                                               | CUSIP: 453836AJ7<br>LEI: 549300C5K3W8THR3GE10 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4985997.95   | 0.30%             | 2035-04-01      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu      | JPMBB Commercial Mortgage Securities Trust 2013-C12                 | CUSIP: 46639NAW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2392089 | PA      | $2291406.18   | 0.14%             | 2045-07-15      | Variable      | 3.94%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor      | JP Morgan Chase Commercial Mortgage Securities Trust 2014-C20       | CUSIP: 46642CAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $3004450.00   | 0.18%             | 2047-07-15      | Variable      | 4.41%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu      | JPMBB Commercial Mortgage Securities Trust 2014-C22                 | CUSIP: 46642NAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4966000 | PA      | $3315301.60   | 0.20%             | 2047-09-15      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu      | JPMBB Commercial Mortgage Securities Trust 2015-C28                 | CUSIP: 46644FAK7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5496426 | PA      | $5401282.87   | 0.33%             | 2048-10-15      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| JACOBS ENGINEERING GROUP            | Jacobs Engineering Group Inc                                        | CUSIP: 469814AA5<br>LEI: 549300CZ8QS1GE53O776 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1793063.00   | 0.11%             | 2033-03-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| KDAC Aviation Finance Limited       | KDAC Aviation Finance Ltd                                           | CUSIP: 48244XAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1238833 | PA      | $1205050.05   | 0.07%             | 2042-12-15      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| KDAC Aviation Finance Limited       | KDAC Aviation Finance Ltd                                           | CUSIP: 48244XAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  16481559 | PA      | $14914892.79  | 0.90%             | 2042-12-15      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| KILROY REALTY LP                    | Kilroy Realty LP                                                    | CUSIP: 49427RAR3<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |   9155000 | PA      | $7002611.16   | 0.42%             | 2033-11-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                   | Kinder Morgan Inc                                                   | CUSIP: 49456BAG6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1220991.16   | 0.07%             | 2034-12-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC              | Marvell Technology Inc                                              | CUSIP: 573874AN4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6025556.88   | 0.36%             | 2028-06-22      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MASTEC INC                          | MasTec Inc                                                          | CUSIP: 576323AT6<br>LEI: 549300TMDIT8WREDOF45 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $7180530.00   | 0.43%             | 2029-06-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| MATHER FOUNDATION                   | Mather Foundation                                                   | CUSIP: 576722AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1265116.37   | 0.08%             | 2031-10-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| METAL Cayman                        | METAL 2017-1 LLC                                                    | CUSIP: 59111RAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |  26657035 | PA      | $8314070.60   | 0.50%             | 2042-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                         | MetLife Inc                                                         | CUSIP: 59156RCN6<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1264312.58   | 0.08%             | 2034-12-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust      | Morgan Stanley Capital I Trust 2016-UBS12                           | CUSIP: 61691EBF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $3834542.50   | 0.23%             | 2049-12-15      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA             | National Bank of Canada                                             | CUSIP: 63305MER8<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $3001150.02   | 0.18%             | 2029-04-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL HEALTH INVESTOR            | National Health Investors Inc                                       | CUSIP: 63633DAF1<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | DBT              | CORP              | US        |   8186000 | PA      | $7137174.40   | 0.43%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEWPORT REALTY TRUST                | Newport Realty Trust Inc                                            | CUSIP: 652315AB8<br>LEI: 549300NQHVIV87HVCR07 | Long             | DBT              | CORP              | US        |    899518 | PA      | $890522.48    | 0.05%             | 2025-12-01      | Fixed         | 15.00%                | No            |                  2 | On Loan: No      |
| NEXBANK CAPITAL INC                 | NexBank Capital Inc                                                 | CUSIP: 65341TAC1<br>LEI: 549300H29S945S4X7A03 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4919338.45   | 0.30%             | 2027-09-30      | Variable      | 9.15%                 | No            |                  2 | On Loan: No      |
| A10 CAPITAL LLC                     | A10 Capital LLC                                                     | CUSIP: 66982EAC6<br>LEI: 549300RXTK0PSG57BV49 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1470468.68   | 0.09%             | 2026-08-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS            | Omega Healthcare Investors Inc                                      | CUSIP: 681936BM1<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |   3675000 | PA      | $3314109.60   | 0.20%             | 2031-02-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS            | Omega Healthcare Investors Inc                                      | CUSIP: 681936BN9<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2194406.32   | 0.13%             | 2033-04-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ORRSTOWN FINANCIAL SERV             | Orrstown Financial Services Inc                                     | CUSIP: 687380AC9<br>LEI: 5493008IR3FINUFGVM95 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1745027.41   | 0.11%             | 2028-12-30      | Variable      | 7.72%                 | No            |                  2 | On Loan: No      |
| PARKWAY BANCORP INC                 | Parkway Bancorp Inc/IL                                              | CUSIP: 70153YAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4250000 | PA      | $4252009.27   | 0.26%             | 2030-03-31      | Variable      | 9.95%                 | No            |                  2 | On Loan: No      |
| PATHFINDER BANCORP INC              | Pathfinder Bancorp Inc                                              | CUSIP: 70319RAC3<br>LEI: 549300OE0R516BNKW235 | Long             | DBT              | CORP              | US        |   9650000 | PA      | $8771007.17   | 0.53%             | 2030-10-15      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| PEAPACK GLADSTONE FINANC            | Peapack-Gladstone Financial Corp                                    | CUSIP: 704699AE7<br>LEI: 549300G8DN2UK8K0ET30 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2884601.97   | 0.17%             | 2030-12-30      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE CO OF NEW            | Public Service Co of New Mexico                                     | CUSIP: 744542AC5<br>LEI: OFZN1UT56PNG1CGSR346 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2489388.70   | 0.15%             | 2025-08-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| PULTEGROUP INC                      | PulteGroup Inc                                                      | CUSIP: 745867AP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1370664.44   | 0.08%             | 2033-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PRIMIS FINANCIAL CORP               | Southern National Bancorp of Virginia Inc                           | CUSIP: 843395AB0<br>LEI: 549300JNX3M2EENG1F11 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1960000.00   | 0.12%             | 2030-09-01      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| STORE CAPITAL LLC                   | Store Capital LLC                                                   | CUSIP: 862121AA8<br>LEI: 254900Z9PIEFQ6AYXK50 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2455048.13   | 0.15%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UBS AG STAMFORD CT                  | UBS AG/Stamford CT                                                  | CUSIP: 870836AC7<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |   1000000 | PA      | $1002274.16   | 0.06%             | 2025-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                      | TD SYNNEX Corp                                                      | CUSIP: 87162WAL4<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2559482.95   | 0.15%             | 2034-04-12      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| TGIF Funding, LLC                   | TGIF Funding LLC 2017-1A                                            | CUSIP: 87244BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10990469 | PA      | $9390388.49   | 0.57%             | 2047-04-30      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOF            | Take-Two Interactive Software Inc                                   | CUSIP: 874054AN9<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012263.78   | 0.06%             | 2034-06-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS            | Targa Resources Partners LP / Targa Resources Partners Finance Corp | CUSIP: 87612BBN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5095980.50   | 0.31%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TEXAS STATE BNKSHRS INC             | Texas State Bankshares Inc                                          | CUSIP: 882727AA8<br>LEI: 549300KSLUE7MP08XL09 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3990262.96   | 0.24%             | 2029-06-15      | Variable      | 8.11%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                                         | CUSIP: 912797LN5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14980702.02  | 0.91%             | 2025-06-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                                         | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14932313.32  | 0.90%             | 2025-07-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                                         | CUSIP: 912797PF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14908022.90  | 0.90%             | 2025-07-24      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                                         | CUSIP: 912797PW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13000000 | PA      | $12846798.38  | 0.78%             | 2025-09-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UNUM GROUP                          | Unum Group                                                          | CUSIP: 91529YAL0<br>LEI: 549300E32YFDO6TZ8R31 | Long             | DBT              | CORP              | US        |    830000 | PA      | $824996.34    | 0.05%             | 2025-11-05      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU      | WFRBS Commercial Mortgage Trust 2014-C20                            | CUSIP: 92890FAZ9<br>LEI: 549300UVB571ELWL8972 | Long             | ABS-MBS          | CORP              | US        |   4500000 | PA      | $2700855.00   | 0.16%             | 2047-05-15      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU      | WFRBS Commercial Mortgage Trust 2012-C10                            | CUSIP: 92890NAY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $5682173.00   | 0.34%             | 2045-12-15      | Variable      | 4.31%                 | No            |                  2 | On Loan: No      |
| VOYA FINANCIAL INC                  | Voya Financial Inc                                                  | CUSIP: 929089AH3<br>LEI: 549300T065Z4KJ686G75 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5706104.28   | 0.34%             | 2034-09-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU      | WFRBS Commercial Mortgage Trust 2014-C21                            | CUSIP: 92939FAE9<br>LEI: 5493000F7E2NMQ4HIO61 | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $3975500.00   | 0.24%             | 2047-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Secu      | WP Glimcher Mall Trust 2015-WPG                                     | CUSIP: 92939VAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2900000 | PA      | $2754131.16   | 0.17%             | 2035-06-05      | Variable      | 3.52%                 | No            |                  2 | On Loan: No      |
| WACHOVIA BANK NA                    | Wachovia Bank NA                                                    | CUSIP: 92976QHD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1214000 | PA      | $1210183.46   | 0.07%             | 2040-11-27      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| WAYPOINT RESIDENTIAL LLC            | Waypoint Residential LLC                                            | CUSIP: 94677MAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5403406 | PA      | $1080681.20   | 0.07%             | 2031-12-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag      | Wells Fargo Commercial Mortgage Trust 2015-C31                      | CUSIP: 94989WAZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4868864.50   | 0.29%             | 2048-11-15      | Variable      | 4.64%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag      | Wells Fargo Commercial Mortgage Trust 2017-SMP                      | CUSIP: 95001CAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1625000 | PA      | $1511510.49   | 0.09%             | 2034-12-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS              | Zimmer Biomet Holdings Inc                                          | CUSIP: 98956PAG7<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | DBT              | CORP              | US        |   1302000 | PA      | $1163523.90   | 0.07%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E            | Alexandria Real Estate Equities Inc                                 | CUSIP: 015271BA6<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2322572.33   | 0.14%             | 2035-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BOEING CO                           | Boeing Co/The                                                       | CUSIP: 097023BK0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1881000 | PA      | $1517864.09   | 0.09%             | 2035-03-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| BOEING CO                           | Boeing Co/The                                                       | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2318550.88   | 0.14%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza      | Castlelake Aircraft Structured Trust 2021-1                         | CUSIP: 14856GAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    269078 | PA      | $269029.48    | 0.02%             | 2046-01-15      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS            | Citigroup Global Markets Holdings Inc/United States                 | CUSIP: 17330YP53<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973973.09    | 0.06%             | 2062-12-02      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| ECAF LTD                            | ECAF I Ltd                                                          | CUSIP: 26827EAE5<br>LEI: 635400SSRNQERTYCWK57 | Long             | ABS-O            | CORP              | KY        |  19177362 | PA      | $6280586.03   | 0.38%             | 2040-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FNB CORP                            | FNB Corp/PA                                                         | CUSIP: 302520AB7<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1993109.20   | 0.12%             | 2025-10-02      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL              | NextEra Energy Capital Holdings Inc                                 | CUSIP: 302570AW6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1396452.44   | 0.08%             | 2066-10-01      | Variable      | 6.63%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK            | Federal Farm Credit Banks Funding Corp                              | CUSIP: 3133ERST9<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |  10000000 | PA      | $9968272.00   | 0.60%             | 2030-09-11      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FIRST FINANCIAL BANCORP             | First Financial Bancorp                                             | CUSIP: 320209AB5<br>LEI: 549300D3F5B3EZMY7P77 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2998990.89   | 0.18%             | 2030-05-15      | Variable      | 9.41%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A      | Government National Mortgage Association                            | CUSIP: 38382XPV1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    739204 | PA      | $358044.54    | 0.02%             | 2050-08-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                          | Intel Corp                                                          | CUSIP: 458140AS9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1996513.86   | 0.12%             | 2025-07-29      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC            | Warnermedia Holdings Inc                                            | CUSIP: 55903VBC6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   5954000 | PA      | $5052775.65   | 0.31%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust      | Morgan Stanley Capital I Trust 2011-C2                              | CUSIP: 617459AJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    362609 | PA      | $358983.15    | 0.02%             | 2044-06-15      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust           | Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12         | CUSIP: 61762XAZ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    523916 | PA      | $493135.66    | 0.03%             | 2046-10-15      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| OCEANFIRST FINANCIAL CP             | OceanFirst Financial Corp                                           | CUSIP: 675234AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5902477.44   | 0.36%             | 2030-05-15      | Variable      | 9.42%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                         | Oracle Corp                                                         | CUSIP: 68389XAV7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1392484.28   | 0.08%             | 2034-07-08      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| POLARIS INC                         | Polaris Inc                                                         | CUSIP: 731068AA0<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |   7250000 | PA      | $7518116.17   | 0.45%             | 2029-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                                         | CUSIP: 912797NW3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14956416.67  | 0.90%             | 2025-06-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                     | United States Treasury Note/Bond                                    | CUSIP: 91282CJB8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $5009667.95   | 0.30%             | 2025-09-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VOLUNTEER STATE INC                 | Volunteer State Bancshares Inc                                      | CUSIP: 928779AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9000000 | PA      | $8824783.14   | 0.53%             | 2029-11-15      | Variable      | 8.69%                 | No            |                  2 | On Loan: No      |
| WF-RBS COMMERCIAL MORTGAGE TRU      | WFRBS Commercial Mortgage Trust 2013-C15                            | CUSIP: 92938CAH0<br>LEI: 5493003CHVRASC16O965 | Long             | ABS-MBS          | CORP              | US        |   3785442 | PA      | $3558353.40   | 0.22%             | 2046-08-15      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| WAVE 2017-1 LLC                     | WAVE 2017-1 Trust                                                   | CUSIP: 94353WAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   1113646 | PA      | $1063021.61   | 0.06%             | 2042-11-15      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                           | Amgen Inc                                                           | CUSIP: 031162DN7<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    238000 | PA      | $238058.44    | 0.01%             | 2026-03-02      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| AT&T INC                            | AT&T Inc                                                            | CUSIP: 00206RJA1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1148686.83   | 0.07%             | 2032-05-01      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| AASET 2022-1 LLC                    | AASET 2022-1 LLC                                                    | CUSIP: 00255EAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   4150283 | PA      | $4154453.84   | 0.25%             | 2047-05-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Apollo Aviation Securitization      | AASET 2024-1                                                        | CUSIP: 00255JAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8034790 | PA      | $8090160.62   | 0.49%             | 2049-05-16      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E            | Alexandria Real Estate Equities Inc                                 | CUSIP: 015271AN9<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1322887.10   | 0.08%             | 2030-07-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                 | American Tower Corp                                                 | CUSIP: 03027XAG5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000000.00   | 0.12%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC            | Baxter International Inc                                            | CUSIP: 071813CS6<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $856330.33    | 0.05%             | 2032-02-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                    | HF Sinclair Corp                                                    | CUSIP: 403949AP5<br>LEI: 2549009G116AM01XHN24 | Long             | DBT              | CORP              | US        |   2921000 | PA      | $2947865.69   | 0.18%             | 2027-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP            | Host Hotels & Resorts LP                                            | CUSIP: 44107TAZ9<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    625000 | PA      | $568881.77    | 0.03%             | 2030-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HUNTSMAN INTERNATIONAL L            | Huntsman International LLC                                          | CUSIP: 44701QBG6<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |   4550000 | PA      | $4142252.11   | 0.25%             | 2034-10-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| IBM CORP                            | International Business Machines Corp                                | CUSIP: 459200KS9<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998302.50   | 0.12%             | 2025-07-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor      | JP Morgan Chase Commercial Mortgage Securities Trust 2011-C3        | CUSIP: 46635TAX0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9250000 | PA      | $8611223.68   | 0.52%             | 2046-02-15      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Secu      | JPMBB Commercial Mortgage Securities Trust 2014-C24                 | CUSIP: 46643GAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10400000 | PA      | $9533131.92   | 0.58%             | 2047-11-15      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART             | Kinder Morgan Energy Partners LP                                    | CUSIP: 494550AT3<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4540309.92   | 0.27%             | 2035-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| LKQ CORP                            | LKQ Corp                                                            | CUSIP: 501889AF6<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |   6775000 | PA      | $7049466.36   | 0.43%             | 2033-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Labrador Aviation Finance Limi      | Labrador Aviation Finance Ltd 2016-1A                               | CUSIP: 50543LAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |  24376015 | PA      | $21878429.21  | 1.32%             | 2042-01-15      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| LEGGETT & PLATT INC                 | Leggett & Platt Inc                                                 | CUSIP: 524660AZ0<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | DBT              | CORP              | US        |   8165000 | PA      | $7825857.09   | 0.47%             | 2029-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| LIBERTY PROPERTY LP                 | Liberty Property LP                                                 | CUSIP: 53117CAS1<br>LEI: 549300N6GNCW2Y4RH795 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4905760.00   | 0.30%             | 2026-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP               | Lincoln National Corp                                               | CUSIP: 534187BP3<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |  24884000 | PA      | $20404794.40  | 1.23%             | 2067-04-20      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| MANUF & TRADERS TRUST CO            | Manufacturers & Traders Trust Co                                    | CUSIP: 55279HAT7<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002248.09   | 0.06%             | 2025-11-21      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Maps LTD                            | MAPS 2018-1 Ltd                                                     | CUSIP: 56564RAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |    294589 | PA      | $291611.75    | 0.02%             | 2043-05-15      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| MERCK SHARP & DOHME CORP            | Merck Sharp & Dohme Corp                                            | CUSIP: 58933NAU3<br>LEI: MZK1AT00SJV4XB7WNL71 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983582.38    | 0.06%             | 2041-11-28      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| MERIDIAN CORP                       | Meridian Corp                                                       | CUSIP: 58960CAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9835439.20   | 0.59%             | 2029-12-30      | Variable      | 8.25%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust           | Morgan Stanley Bank of America Merrill Lynch Trust 2015-C21         | CUSIP: 61764XBP9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8000000 | PA      | $7086867.20   | 0.43%             | 2048-03-15      | Variable      | 3.84%                 | No            |                  2 | On Loan: No      |
| KONINKLIJKE PHILIPS NV              | Koninklijke Philips NV                                              | CUSIP: 718337AE8<br>LEI: H1FJE8H61JGM1JSGM897 | Long             | DBT              | CORP              | NL        |   2581000 | PA      | $2632353.95   | 0.16%             | 2026-06-01      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC                    | Radian Group Inc                                                    | CUSIP: 750236AY7<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |   6749000 | PA      | $6943664.31   | 0.42%             | 2029-05-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| READY CAPITAL CORP                  | Ready Capital Corp                                                  | CUSIP: 75574UAB7<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $7944035.10   | 0.48%             | 2028-12-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                  | Realty Income Corp                                                  | CUSIP: 756109BA1<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $985713.44    | 0.06%             | 2033-03-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| REALTY INCOME CORP                  | Realty Income Corp                                                  | CUSIP: 756109BQ6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    203000 | PA      | $202578.56    | 0.01%             | 2026-01-13      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER             | Reinsurance Group of America Inc                                    | CUSIP: 759351AE9<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |  12898000 | PA      | $12255405.39  | 0.74%             | 2065-12-15      | Variable      | 7.23%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP             | Simon Property Group LP                                             | CUSIP: 828807DY0<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |   4187000 | PA      | $3997202.24   | 0.24%             | 2034-09-26      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP            | Sumitomo Mitsui Financial Group Inc                                 | CUSIP: 86562MDU1<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    500000 | PA      | $510479.81    | 0.03%             | 2035-01-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| SUMMIT CNTY OH PORT AUTH REVEN      | Summit County Development Finance Authority                         | CUSIP: 86606KAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225255.42    | 0.01%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                 | Synchrony Financial                                                 | CUSIP: 87165BAM5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $972053.88    | 0.06%             | 2027-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| TEXTRON INC                         | Textron Inc                                                         | CUSIP: 883203CD1<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2453263.56   | 0.15%             | 2033-11-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Thunderbolt Aircraft Lease Lim      | Thunderbolt III Aircraft Lease Ltd                                  | CUSIP: 88607AAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |   3916492 | PA      | $3327040.51   | 0.20%             | 2039-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES               | TransCanada PipeLines Ltd                                           | CUSIP: 89352HAC3<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |  18223000 | PA      | $16369153.44  | 0.99%             | 2067-05-15      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| TRINITAS CAPITAL MGMT               | Trinitas Capital Management LLC                                     | CUSIP: 89642CAC4<br>LEI: 254900JU042545A6UD08 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2865000.00   | 0.17%             | 2026-07-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRISTATE CAPITAL HLDGS              | TriState Capital Holdings Inc                                       | CUSIP: 89678FAA8<br>LEI: 5493003JKSPN0881WX29 | Long             | DBT              | CORP              | US        |  10775000 | PA      | $10734616.27  | 0.65%             | 2030-05-15      | Variable      | 9.95%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2020-1 A PTT             | United Airlines 2020-1 Class A Pass Through Trust                   | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1987479 | PA      | $2022200.83   | 0.12%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                       | United States Treasury Bill                                         | CUSIP: 912797QA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14922914.38  | 0.90%             | 2025-07-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL INSURANCE HLDS            | Universal Insurance Holdings Inc                                    | CUSIP: 91359VAC1<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6888017.92   | 0.42%             | 2026-11-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VALLEY NATIONAL BANCORP             | Valley National Bancorp                                             | CUSIP: 919794AC1<br>LEI: 549300ET52S1UBIB9762 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7989955.76   | 0.48%             | 2025-06-30      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PROP 2017-1 B      20420315 6.90000 | PROP 2017-1 B      20420315 6.90000                                 | CUSIP: G7256KAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   3836109 | PA      | $1735839.32   | 0.10%             | 2042-03-15      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-26

**Name of Applicant:** Thompson IM Funds, Inc.

**Signature:** /s/ Jason L. Stephens

**Name of Signer:** Jason L. Stephens

**Title:** Chief Executive Officer