# EDGAR Filing Document

**Accession Number:** 0000092500
**File Stem:** 0001145549-25-041925
**Filing Date:** 2025-6
**Character Count:** 58747
**Document Hash:** 805269bfc3d2cfe33238e6cc8d408c33
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-041925.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001145549-25-041925

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STEWARD FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000092500

**ORGANIZATION NAME:**
- **EIN:** 751281784
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01597
- **FILM NUMBER:** 251075505

**BUSINESS ADDRESS:**
- **STREET 1:** 15375 MEMORIAL DRIVE, SUITE 200
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77079
- **BUSINESS PHONE:** 713-260-9000

**MAIL ADDRESS:**
- **STREET 1:** 15375 MEMORIAL DRIVE, SUITE 200
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77079

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CHRISTIAN STEWARDSHIP FUNDS
- **DATE OF NAME CHANGE:** 20021126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAPSTONE CHRISTIAN VALUES FUND INC
- **DATE OF NAME CHANGE:** 20011119

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAPSTONE FIXED INCOME SERIES INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Steward Select Bond Fund (Series ID: S000003814)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000010642 | Institutional Class | SEACX           |
| C000010643 | Class A             | SEAKX           |
| C000195829 | Class C             | SEAAX           |
| C000195830 | Class R6            | SEABX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Steward Funds Inc

- **b. Investment Company Act file number:** 811-01597

- **c. CIK number of Registrant:** 0000092500

- **d. LEI of Registrant:** 549300RMO0BOXYR4QF39

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

  - **Street Address 1:** 15375 Memorial Drive, Suite 200

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77079

  - **Telephone number:** 713-260-9000

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

- **a. Name of Series:** Steward Select Bond Fund

- **b. EDGAR series identifier (if any):** S000003814

- **c. LEI of Series:** 549300IHECT2VLFVJ879

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

- **a. Date of fiscal year-end:** 2025-04-30

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $192033763.98

**Total Liabilities:** $129283.63

**Net Assets:** $191904480.35

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 113.458599240325 | **1-Year:** 4907.941575780240 | **5-Year:** 25426.597056477870 | **10-Year:** 37868.464727126761 | **30-Year:** 9982.806568078059

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 121.814955356943 | **10-Year:** 1210.125813995734 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000010642 | 1.81%                | 0.11%                | 0.45%                |
| Class ID C000010643 | 1.80%                | 0.10%                | 0.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-384997.21              | $3426312.35                                |
| Month 2  | $-3548.69                | $-324125.84                                |
| Month 3  | $-384837.32              | $558295.74                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Federal Home Loan Mortgage Corp.                 | FG G08257                                   | CUSIP: 3128MJJB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     11113 | PA      | $11645.61     | 0.01%             | 2038-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | G2 688058                                   | CUSIP: 36296DMF2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     18257 | PA      | $18194.71     | 0.01%             | 2038-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 1.75 07/29/26 0004                     | CUSIP: 3130AN5U0<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $976212.56    | 0.51%             | 2026-07-29      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 4.125 10/31/27                            | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1012695.31   | 0.53%             | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 4.5 11/15/25                              | CUSIP: 91282CFW6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2003398.44   | 1.04%             | 2025-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| L3 Harris Technologies Inc                       | LHX 5.4 07/31/33                            | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3047367.24   | 1.59%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 5 08/31/25                                | CUSIP: 91282CHV6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2003828.12   | 1.04%             | 2025-08-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                     | T 4.5 02/15/44                              | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1954296.88   | 1.02%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                     | T 4.25 05/15/39                             | CUSIP: 912810QB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1960625.00   | 1.02%             | 2039-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                     | T 4.5 08/15/39                              | CUSIP: 912810QC5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2007421.88   | 1.05%             | 2039-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| The Campbells Co.                                | CPB 4.15 03/15/28                           | CUSIP: 134429BG3<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993799.12    | 0.52%             | 2028-03-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc.                                      | FI 4.2 10/01/28                             | CUSIP: 337738AR9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $991375.51    | 0.52%             | 2028-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Lam Research Corporation                         | LRCX 4 03/15/29                             | CUSIP: 512807AU2<br>LEI: 549300I4GMO6D34U1T02 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990981.81    | 0.52%             | 2029-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 1.07 01/25/30                          | CUSIP: 3130AKM52<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $878224.75    | 0.46%             | 2030-01-25      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association            | FNR 2020-94 CA                              | CUSIP: 3136BDLU0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |   1271614 | PA      | $1105564.83   | 0.58%             | 2044-11-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST                                     | LA LSHTRN 1.59 06/15/2030                   | CUSIP: 546486CA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $88197.47     | 0.05%             | 2030-06-15      | Fixed         | 1.59%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 1 07/29/26 0002                        | CUSIP: 3130ANAD2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $964673.88    | 0.50%             | 2026-07-29      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 4 10/31/29                                | CUSIP: 91282CFT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2024687.50   | 1.06%             | 2029-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 4 07/31/30                                | CUSIP: 91282CHR5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $3034335.93   | 1.58%             | 2030-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 4.125 02/29/32                            | CUSIP: 91282CMR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2023750.00   | 1.05%             | 2032-02-29      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc.                                  | CRM 3.7 04/11/28                            | CUSIP: 79466LAF1<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994581.35    | 0.52%             | 2028-04-11      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association            | FN 891227                                   | CUSIP: 31410MD80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28222 | PA      | $28896.58     | 0.02%             | 2036-05-01      | Variable      | 7.57%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                     | T 4 11/15/42                                | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3688125.00   | 1.92%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                 | FHR 3779 KY                                 | CUSIP: 3137A4FC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    161885 | PA      | $161545.28    | 0.08%             | 2025-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                     | T 1.125 05/15/40                            | CUSIP: 912810SR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1251562.50   | 0.65%             | 2040-05-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                 | FHLMC 1.05 07/21/28                         | CUSIP: 3134GV7D4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $919065.77    | 0.48%             | 2028-07-21      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE & DAVIDSON CNTY TENN | TN METUTL 2.13 07/01/2032                   | CUSIP: 592098Y50<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1041695.44   | 0.54%             | 2032-07-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc.                             | ELV 4.75 02/15/33                           | CUSIP: 28622HAB7<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1965699.76   | 1.02%             | 2033-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 4.125 08/31/30                            | CUSIP: 91282CHW4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2033906.24   | 1.06%             | 2030-08-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 4.25 02/28/31                             | CUSIP: 91282CKC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2043437.50   | 1.06%             | 2031-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 4.375 05/15/34                            | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $3057421.86   | 1.59%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                 | FHR 4845 WA                                 | CUSIP: 3137FK2C9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    302721 | PA      | $293971.79    | 0.15%             | 2048-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 2.25 04/29/31 0000                     | CUSIP: 3130AM2A9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    730769 | PA      | $686823.98    | 0.36%             | 2031-04-29      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| NORTH TEX TWY AUTH                               | TX NRTTRN 2.08 01/01/2031                   | CUSIP: 66285WD52<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    100000 | PA      | $89049.31     | 0.05%             | 2031-01-01      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 1.75 08/25/28 0000                     | CUSIP: 3130ANPW4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1350000 | PA      | $1268360.98   | 0.66%             | 2028-08-25      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 4.125 11/15/32                            | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2019687.50   | 1.05%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                  | SBUX 3.75 12/01/47                          | CUSIP: 855244AM1<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1442566.96   | 0.75%             | 2047-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| NORTHWEST TEX INDPT SCH DIST                     | TX NWTSCD 1.97 02/15/2034                   | CUSIP: 667826AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $486729.66    | 0.25%             | 2034-02-15      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST UNIV                               | CA CASHGR 1.79 11/01/2030                   | CUSIP: 13077DQJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $436592.00    | 0.23%             | 2030-11-01      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                      | TX HOUUTL 1.93 11/15/2031                   | CUSIP: 44244CM87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1068026.01   | 0.56%             | 2031-11-15      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 1 03/16/27                             | CUSIP: 3130ANTB6<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $1901562.92   | 0.99%             | 2027-03-16      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 1.5 09/30/26 0012                      | CUSIP: 3130ANZM5<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $1939914.70   | 1.01%             | 2026-09-30      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| FRISCO TEX                                       | TX FSC 1.75 02/15/2030                      | CUSIP: 358776M33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $896135.11    | 0.47%             | 2030-02-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| The Procter & Gamble Co.                         | PG 4.05 01/26/33                            | CUSIP: 742718GA1<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1961405.26   | 1.02%             | 2033-01-26      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 4.25 11/15/34                             | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2015312.50   | 1.05%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ralph Lauren Corp.                               | RL 2.95 06/15/30                            | CUSIP: 731572AB9<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $925788.51    | 0.48%             | 2030-06-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                 | FHR 3934 PG                                 | CUSIP: 3137AGAF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    304751 | PA      | $301091.84    | 0.16%             | 2041-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 5 12/11/28                             | CUSIP: 3130AXZN1<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   2000000 | PA      | $1998302.66   | 1.04%             | 2028-12-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Mills, Inc.                              | GIS 4.2 04/17/28                            | CUSIP: 370334CG7<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1994818.20   | 1.04%             | 2028-04-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| General Dynamics Corporation                     | GD 3.75 05/15/28                            | CUSIP: 369550BC1<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1981296.94   | 1.03%             | 2028-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| LEANDER TEX INDPT SCH DIST                       | TX LDRSCD 1.99 08/15/2033                   | CUSIP: 521841E51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $738738.55    | 0.38%             | 2033-08-15      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 4.5 07/15/26                              | CUSIP: 91282CHM6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1007890.62   | 0.53%             | 2026-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                  | MSFT 3.45 08/08/36                          | CUSIP: 594918BS2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1785093.48   | 0.93%             | 2036-08-08      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 3.25 03/10/27 0003                     | CUSIP: 3130AR3G4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $993481.71    | 0.52%             | 2027-03-10      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Walgreens Boots Alliance Inc.                    | WBA 4.5 11/18/34                            | CUSIP: 931427AB4<br>LEI: 549300RPTUOIXG4LIH86 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1882680.00   | 0.98%             | 2034-11-18      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc.                             | GILD 4.6 09/01/35                           | CUSIP: 375558BG7<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $962355.79    | 0.50%             | 2035-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                            | BAC 5 01/21/44 MTN                          | CUSIP: 06051GFC8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1849023.80   | 0.96%             | 2044-01-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| QUALCOMM Inc.                                    | QCOM 4.65 05/20/35                          | CUSIP: 747525AJ2<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3933712.92   | 2.05%             | 2035-05-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Grainger W W Inc                                 | GWW 4.6 06/15/45                            | CUSIP: 384802AB0<br>LEI: 549300TWZSP6O1IH2V34 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1752624.10   | 0.91%             | 2045-06-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Visa Inc                                         | V 4.15 12/14/35                             | CUSIP: 92826CAE2<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $951346.48    | 0.50%             | 2035-12-14      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | G2 4692                                     | CUSIP: 36202FF92<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     29270 | PA      | $28906.52     | 0.02%             | 2040-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tapestry Inc                                     | TPR 4.125 07/15/27 .                        | CUSIP: 189754AC8<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |    689000 | PA      | $683775.21    | 0.36%             | 2027-07-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Sysco Corporation                                | SYY 3.25 07/15/27                           | CUSIP: 871829BF3<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $977461.06    | 0.51%             | 2027-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Prudential Financial, Inc.                       | PRU V5.125 03/01/52                         | CUSIP: 744320BJ0<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1409749.20   | 0.73%             | 2052-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                       | AAPL 3.45 02/09/45                          | CUSIP: 037833BA7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $768775.14    | 0.40%             | 2045-02-09      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                             | JPM 4.25 10/01/27                           | CUSIP: 46625HNJ5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501842.60    | 0.26%             | 2027-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                            | BAC 4.45 03/03/26 MTN                       | CUSIP: 06051GFU8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1997975.80   | 1.04%             | 2026-03-03      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                        | RTX 3.75 11/01/46                           | CUSIP: 913017CJ6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1498311.14   | 0.78%             | 2046-11-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                     | ORCL 3.25 11/15/27                          | CUSIP: 68389XBN4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973734.72    | 0.51%             | 2027-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Visa Inc                                         | V 4.3 12/14/45                              | CUSIP: 92826CAF9<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2577227.49   | 1.34%             | 2045-12-14      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Express Scripts Holding Co                       | CI 4.5 02/25/26                             | CUSIP: 30219GAM0<br>LEI: 5493003UA6VMND084504 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998291.60    | 0.52%             | 2026-02-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 4.5 12/12/25                           | CUSIP: 3130ATUC9<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1015000 | PA      | $1017630.04   | 0.53%             | 2025-12-12      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                   | C 4.4 06/10/25                              | CUSIP: 172967JT9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999247.64    | 0.52%             | 2025-06-10      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                | XOM 4.114 03/01/46                          | CUSIP: 30231GAW2<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1626718.84   | 0.85%             | 2046-03-01      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                      | VZ 4.5 08/10/33                             | CUSIP: 92343VEA8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1928560.64   | 1.00%             | 2033-08-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Target Corp.                                     | TGT 4.5 09/15/34                            | CUSIP: 87612EBS4<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1921585.16   | 1.00%             | 2034-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association            | FN MA3463                                   | CUSIP: 31418CZ56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     74498 | PA      | $74464.56     | 0.04%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 4 05/24/27 0000                        | CUSIP: 3130ARYF2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $999487.14    | 0.52%             | 2027-05-24      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| The Clorox Company                               | CLX 4.6 05/01/32                            | CUSIP: 189054AZ2<br>LEI: 54930044KVSC06Z79I06 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988650.39    | 0.52%             | 2032-05-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                 | DUK 4.5 08/15/32                            | CUSIP: 26441CBT1<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1934244.88   | 1.01%             | 2032-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                   | C 6.625 06/15/32                            | CUSIP: 172967BL4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1078620.64   | 0.56%             | 2032-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 3.65 05/26/27                          | CUSIP: 3130AS4E6<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $992259.04    | 0.52%             | 2027-05-26      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Paypal Holdings Inc.                             | PYPL 4.4 06/01/32                           | CUSIP: 70450YAL7<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2928527.94   | 1.53%             | 2032-06-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc.                                  | HD 4.5 09/15/32                             | CUSIP: 437076CS9<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1989793.36   | 1.04%             | 2032-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                     | EXC 5.3 03/15/33                            | CUSIP: 30161NBK6<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2023221.50   | 1.05%             | 2033-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 3 02/24/37                             | CUSIP: 3130AQVP5<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $837442.34    | 0.44%             | 2037-02-24      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                        | GS 5.95 01/15/27                            | CUSIP: 38141GES9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1540579.62   | 0.80%             | 2027-01-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                | INTC 4 12/15/32                             | CUSIP: 458140AN0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1820101.48   | 0.95%             | 2032-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                   | SCHW V5 PERP K                              | CUSIP: 808513CB9<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $975388.60    | 0.51%             | 2049-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc.                                  | HD 5.875 12/16/36                           | CUSIP: 437076AS1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2129811.84   | 1.11%             | 2036-12-16      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MetLife Inc.                                     | MET 6.4 12/15/36                            | CUSIP: 59156RAP3<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1977574.60   | 1.03%             | 2036-12-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 1.25 09/30/27                          | CUSIP: 3130AP2R5<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    800000 | PA      | $772531.26    | 0.40%             | 2027-09-30      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 3.1 05/10/27 0000                      | CUSIP: 3130ART35<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $988953.18    | 0.52%             | 2027-05-10      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Marathon Oil Corporation                         | MRO 6.6 10/01/37                            | CUSIP: 565849AE6<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2102080.82   | 1.10%             | 2037-10-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | GN 782190                                   | CUSIP: 36241KNF1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     12344 | PA      | $12922.90     | 0.01%             | 2037-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| American Express Company                         | AXP 4.05 05/03/29                           | CUSIP: 025816CW7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2982750.15   | 1.55%             | 2029-05-03      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                       | AMGN 4.2 03/01/33                           | CUSIP: 031162DJ6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1893812.46   | 0.99%             | 2033-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corporation                        | UNP 4.5 01/20/33                            | CUSIP: 907818GB8<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1971037.10   | 1.03%             | 2033-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 2.75 02/22/34                          | CUSIP: 3130AQUL5<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $875454.77    | 0.46%             | 2034-02-22      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Pepsico Inc                                      | PEP 3.9 07/18/32                            | CUSIP: 713448FM5<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $961204.58    | 0.50%             | 2032-07-18      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                      | UPS 3.75 11/15/47                           | CUSIP: 911312BN5<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $751752.45    | 0.39%             | 2047-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp.                              | VLO 4 04/01/29                              | CUSIP: 91913YAW0<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2930116.65   | 1.53%             | 2029-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                 | FR QA3323                                   | CUSIP: 31339SVQ5<br>LEI: N/A                  | Long             | ABS-MBS          | USGA              | US        |    184051 | PA      | $167985.32    | 0.09%             | 2049-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| The Procter & Gamble Co.                         | PG 3 03/25/30                               | CUSIP: 742718FH7<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $954785.58    | 0.50%             | 2030-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                      | WMT 4.1 04/15/33                            | CUSIP: 931142FD0<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1950687.80   | 1.02%             | 2033-04-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                         | DE 4.5 01/16/29                             | CUSIP: 24422EXH7<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2021784.88   | 1.05%             | 2029-01-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| The Kroger Co.                                   | KR 4.5 01/15/29                             | CUSIP: 501044DL2<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005872.66   | 0.52%             | 2029-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                 | FN CA1522                                   | CUSIP: 3140Q8VQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    309264 | PA      | $286310.17    | 0.15%             | 2048-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                       | AAPL 1.65 05/11/30                          | CUSIP: 037833DU1<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $889490.39    | 0.46%             | 2030-05-11      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                     | Northern Institutional Funds TREAS PRT PRMR | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |   4033836 | NS      | $4033835.95   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills, Inc.                              | GIS 4.95 03/29/33                           | CUSIP: 370334CT9<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1988108.04   | 1.04%             | 2033-03-29      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 4.125 07/31/31                            | CUSIP: 91282CLD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1013593.75   | 0.53%             | 2031-07-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Nike, Inc.                                       | NKE 2.85 03/27/30                           | CUSIP: 654106AK9<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2807152.20   | 1.46%             | 2030-03-27      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                 | FG G18723                                   | CUSIP: 3128MMYV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    112640 | PA      | $111140.79    | 0.06%             | 2034-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                            | LOW 3.65 04/05/29                           | CUSIP: 548661DR5<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1939267.04   | 1.01%             | 2029-04-05      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                 | FN CA1185                                   | CUSIP: 3140Q8J71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    116507 | PA      | $109107.12    | 0.06%             | 2043-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                 | MCD 3.625 09/01/49 MTN                      | CUSIP: 58013MFK5<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $1796508.90   | 0.94%             | 2049-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Walt Disney Company                              | DIS 3.8 03/22/30                            | CUSIP: 254687FQ4<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2936491.62   | 1.53%             | 2030-03-22      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corporation                       | KMB 4.5 02/16/33                            | CUSIP: 494368CE1<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1990597.40   | 1.04%             | 2033-02-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association            | FN AS8142                                   | CUSIP: 3138WJBL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    232828 | PA      | $220774.30    | 0.12%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Aflac Incorporated                               | AFL 3.6 04/01/30                            | CUSIP: 001055BJ0<br>LEI: 549300N0B7DOGLXWPP39 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $962674.34    | 0.50%             | 2030-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                     | NVDA 3.5 04/01/40                           | CUSIP: 67066GAG9<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1658858.02   | 0.86%             | 2040-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 3.5 02/15/33                              | CUSIP: 91282CGM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1932265.62   | 1.01%             | 2033-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                  | CVS 5.125 02/21/30                          | CUSIP: 126650DT4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012271.68   | 0.53%             | 2030-02-21      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Tractor Supply Co                                | TSCO 5.25 05/15/33                          | CUSIP: 892356AB2<br>LEI: 549300OJ9VZHZRO6I137 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1004199.79   | 0.52%             | 2033-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FedEx Corporation                                | FDX 5.1 01/15/44 144A                       | CUSIP: 31428XCR5<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $866224.28    | 0.45%             | 2044-01-15      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association         | GN 662443                                   | CUSIP: 36294W5C8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     15311 | PA      | $15799.32     | 0.01%             | 2037-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association            | FN 256288                                   | CUSIP: 31371MUM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     70449 | PA      | $71275.51     | 0.04%             | 2036-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                  | CI 5.4 03/15/33                             | CUSIP: 125523CS7<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2046584.32   | 1.07%             | 2033-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                     | T 4.375 11/30/28                            | CUSIP: 91282CJN2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1024492.19   | 0.53%             | 2028-11-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Cummins Inc.                                     | CMI 5.15 02/20/34                           | CUSIP: 231021AW6<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2029083.24   | 1.06%             | 2034-02-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Banks                          | FHLB 4.75 03/10/34                          | CUSIP: 3130B0X87<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $1028870.99   | 0.54%             | 2034-03-10      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | GN 677142                                   | CUSIP: 36295QHT0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     50695 | PA      | $49173.39     | 0.03%             | 2040-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| The Sherwin-Williams Company                     | SHW 3.8 08/15/49                            | CUSIP: 824348BK1<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $718983.93    | 0.37%             | 2049-08-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc.                             | GILD 5.25 10/15/33                          | CUSIP: 375558BZ5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2041288.64   | 1.06%             | 2033-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Federal Farm Credit Banks                        | FFCB 3 11/25/30                             | CUSIP: 3133EKJE7<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |   1000000 | PA      | $955755.59    | 0.50%             | 2030-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                 | MCD 3.6 07/01/30 MTN                        | CUSIP: 58013MFQ2<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $963201.64    | 0.50%             | 2030-07-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| UPTOWN DEV AUTH TEX                              | TX UTWDEV 2.58 09/01/2031                   | CUSIP: 916856HB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $89269.66     | 0.05%             | 2031-09-01      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| Adobe Inc                                        | ADBE 4.95 04/04/34                          | CUSIP: 00724PAG4<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2018261.46   | 1.05%             | 2034-04-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Steward Funds Inc

**Signature:** Jim Coppedge

**Name of Signer:** Jim Coppedge

**Title:** General Counsel & CCO