# EDGAR Filing Document

**Accession Number:** 0001580353
**File Stem:** 0000940400-26-020914
**Filing Date:** 2026-5
**Character Count:** 275903
**Document Hash:** a804d01743b76333696eb965dc8499db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020914.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0000940400-26-020914

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Forethought Variable Insurance Trust
- **CENTRAL INDEX KEY:** 0001580353

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1213

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22865
- **FILM NUMBER:** 261018069

**BUSINESS ADDRESS:**
- **STREET 1:** 10 WEST MARKET STREET
- **STREET 2:** SUITE 2300
- **CITY:** INDIANAPOLIS
- **STATE:** IN
- **ZIP:** 46204
- **BUSINESS PHONE:** 317-223-2700

**MAIL ADDRESS:**
- **STREET 1:** 10 WEST MARKET STREET
- **STREET 2:** SUITE 2300
- **CITY:** INDIANAPOLIS
- **STATE:** IN
- **ZIP:** 46204

## Series and Classes Contracts Data

### Global Atlantic Wellington Research Managed Risk Portfolio (Series ID: S000042090)

| Class ID   | Class Name                                                                 | Ticker Symbol   |
|:---|:---|:---|
| C000130711 | Global Atlantic Wellington Research Managed Risk Portfolio Class II Shares |  |

## Nport-Ex

Global Atlantic Wellington Research Managed Risk Portfolio

Portfolio of Investments (Unaudited)

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Common Stocks - 60.7%** |  |  |
| **Aerospace & Defense - 0.9%** |  |  |
| Boeing Co. (The) <sup>\*</sup> | 2876 | $572410 |
| Loar Holdings, Inc. <sup>\*</sup> | 7432 | 425779 |
| Northrop Grumman Corp. | 1195 | 815277 |
| Standard Aero, Inc. <sup>\*</sup> | 10786 | 278603 |
| York Space Systems, Inc. <sup>\*</sup> | 2107 | 46712 |
|  |  | 2138781 |
| **Air Freight & Logistics - 0.1%** |  |  |
| Hub Group, Inc., Class A | 3487 | 125671 |
| **Automobile Components - 0.1%** |  |  |
| Goodyear Tire & Rubber Co. (The) <sup>\*</sup> | 21790 | 144468 |
| **Automobiles - 1.0%** |  |  |
| Tesla, Inc. <sup>\*</sup> | 7025 | 2611544 |
| **Banks - 1.5%** |  |  |
| Fifth Third Bancorp | 12284 | 570715 |
| KeyCorp | 27892 | 559235 |
| Wells Fargo & Co. | 34004 | 2707058 |
|  |  | 3837008 |
| **Beverages - 0.8%** |  |  |
| Celsius Holdings, Inc. <sup>\*</sup> | 2216 | 78624 |
| Coca-Cola Co. (The) | 14013 | 1065688 |
| Monster Beverage Corp. <sup>\*</sup> | 5465 | 395994 |
| PepsiCo, Inc. | 1620 | 251570 |
| Vita Coco Co., Inc. (The) <sup>\*</sup> | 3500 | 167685 |
|  |  | 1959561 |
| **Biotechnology - 1.5%** |  |  |
| Abbvie, Inc. | 1989 | 432588 |
| Amgen, Inc. | 663 | 233276 |
| Apogee Therapeutics, Inc. <sup>\*</sup> | 634 | 53364 |
| Argenx SE, ADR <sup>\*</sup> | 239 | 174530 |
| Ascendis Pharma A/S, ADR <sup>\*</sup> | 590 | 134951 |
| Cogent Biosciences, Inc. <sup>\*</sup> | 1245 | 47920 |
| Corvus Pharmaceuticals, Inc. <sup>\*</sup> | 1714 | 25076 |
| Cytokinetics, Inc. <sup>\*</sup> | 3995 | 263310 |
| Dianthus Therapeutics, Inc. <sup>\*</sup> | 580 | 48674 |
| Disc Medicine, Inc., Class A <sup>\*</sup> | 646 | 41305 |
| Gilead Sciences, Inc. | 1693 | 235953 |
| Incyte Corp. <sup>\*</sup> | 622 | 58543 |
| Mirum Pharmaceuticals, Inc. <sup>\*</sup> | 586 | 54135 |
| Natera, Inc. <sup>\*</sup> | 676 | 135193 |
| Newamsterdam Pharma Co. NV <sup>\*</sup> | 6700 | 214467 |
| Protagonist Therapeutics, Inc. <sup>\*</sup> | 630 | 66402 |
| Regeneron Pharmaceuticals, Inc. | 379 | 292831 |
| REVOLUTION Medicines, Inc. <sup>\*</sup> | 1601 | 155697 |
| Scholar Rock Holding Corp. <sup>\*</sup> | 978 | 48078 |
| Spyre Therapeutics, Inc. <sup>\*</sup> | 1309 | 66026 |
| United Therapeutics Corp. <sup>\*</sup> | 507 | 300641 |
| Vertex Pharmaceuticals, Inc. <sup>\*</sup> | 1060 | 473332 |
| Xenon Pharmaceuticals, Inc. <sup>\*</sup> | 3946 | 229460 |
|  |  | 3785752 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Broadline Retail - 2.9%** |  |  |
| Amazon.com, Inc. <sup>\*</sup> | 35467 | $7386712 |
| **Building Products - 0.7%** |  |  |
| AAON, Inc. | 12601 | 1042733 |
| Builders FirstSource, Inc. <sup>\*</sup> | 1592 | 131069 |
| Johnson Controls International PLC | 1401 | 183461 |
| Trex Co., Inc. <sup>\*</sup> | 13289 | 483985 |
|  |  | 1841248 |
| **Capital Markets - 2.4%** |  |  |
| Ares Management Corp., Class A | 11933 | 1301890 |
| Bank of New York Mellon Corp. (The) | 5300 | 628739 |
| Blackrock, Inc. | 2034 | 1956118 |
| Goldman Sachs Group, Inc. (The) | 2423 | 2049834 |
|  |  | 5936581 |
| **Chemicals - 0.8%** |  |  |
| Celanese Corp. | 3846 | 252951 |
| Ingevity Corp. <sup>\*</sup> | 1116 | 79493 |
| Linde PLC | 2343 | 1161566 |
| PPG Industries, Inc. | 5618 | 600452 |
|  |  | 2094462 |
| **Commercial Services & Supplies - 0.7%** |  |  |
| Clean Harbors, Inc. <sup>\*</sup> | 3701 | 1061188 |
| Tetra Tech, Inc. | 8584 | 258550 |
| Waste Connections, Inc. | 2993 | 486183 |
|  |  | 1805921 |
| **Communications Equipment - 0.3%** |  |  |
| Arista Networks, Inc. <sup>\*</sup> | 5409 | 664117 |
| **Construction & Engineering - 0.3%** |  |  |
| Primoris Services Corp. | 5291 | 756825 |
| **Construction Materials - 0.3%** |  |  |
| James Hardie Industries PLC <sup>\*</sup> | 46303 | 876979 |
| **Consumer Staples Distribution & Retail - 1.9%** |  |  |
| Casey's General Stores, Inc. | 442 | 321714 |
| Performance Food Group Co. <sup>\*</sup> | 2140 | 183312 |
| US Foods Holding Corp. <sup>\*</sup> | 16438 | 1515748 |
| Walmart, Inc. | 21199 | 2634612 |
|  |  | 4655386 |
| **Containers & Packaging - 0.1%** |  |  |
| Packaging Corp. of America | 1504 | 319179 |
| **Distributors - 0.3%** |  |  |
| Pool Corp. | 3552 | 718676 |
| **Electric Utilities - 0.3%** |  |  |
| PG&E Corp. | 37875 | 665464 |
| **Electrical Equipment - 0.6%** |  |  |
| Eaton Corp. PLC | 1971 | 704967 |
| Regal Rexnord Corp. | 2388 | 447177 |
| Vertiv Holdings Co., Class A | 1201 | 300947 |
|  |  | 1453091 |

---

Global Atlantic Wellington Research Managed Risk Portfolio

Portfolio of Investments (Unaudited) (Continued)

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Electronic Equipment, Instruments & Components - 0.2%** |  |  |
| Flex Ltd. <sup>\*</sup> | 8265 | $541027 |
| **Entertainment - 0.6%** |  |  |
| Netflix, Inc. <sup>\*</sup> | 3208 | 308449 |
| Spotify Technology SA <sup>\*</sup> | 730 | 353984 |
| Walt Disney Co. (The) | 9501 | 915707 |
|  |  | 1578140 |
| **Financial Services - 2.5%** |  |  |
| Berkshire Hathaway, Inc., Class B <sup>\*</sup> | 5142 | 2464046 |
| Equitable Holdings, Inc. | 12995 | 482245 |
| Mastercard, Inc., Class A | 6537 | 3266277 |
|  |  | 6212568 |
| **Food Products - 0.1%** |  |  |
| Freshpet, Inc. <sup>\*</sup> | 4472 | 263669 |
| Magnum Ice Cream Co. NV <sup>\*</sup> | 2846 | 42548 |
|  |  | 306217 |
| **Gas Utilities - 0.2%** |  |  |
| Atmos Energy Corp. | 2968 | 548249 |
| **Ground Transportation - 0.2%** |  |  |
| Knight-Swift Transportation Holdings, Inc. | 8486 | 488624 |
| **Health Care Equipment & Supplies - 1.1%** |  |  |
| Abbott Laboratories | 3413 | 350413 |
| Boston Scientific Corp. <sup>\*</sup> | 2519 | 158067 |
| Dexcom, Inc. <sup>\*</sup> | 5155 | 323734 |
| Edwards Lifesciences Corp. <sup>\*</sup> | 5686 | 455335 |
| Intuitive Surgical, Inc. <sup>\*</sup> | 1425 | 656911 |
| LivaNova PLC <sup>\*</sup> | 1525 | 96929 |
| Medtronic PLC | 1590 | 137773 |
| STERIS PLC | 1014 | 224226 |
| Stryker Corp. | 1055 | 346662 |
|  |  | 2750050 |
| **Health Care Providers & Services - 0.7%** |  |  |
| Alignment Healthcare, Inc. <sup>\*</sup> | 10300 | 181486 |
| Cardinal Health, Inc. | 2685 | 567367 |
| Elevance Health, Inc. | 1055 | 308851 |
| Guardian Pharmacy Services, Inc., Class A <sup>\*</sup> | 8816 | 332011 |
| UnitedHealth Group, Inc. | 1166 | 315508 |
|  |  | 1705223 |
| **Health Care REITs - 0.6%** |  |  |
| Welltower, Inc. | 7191 | 1421733 |
| **Hotels, Restaurants & Leisure - 1.6%** |  |  |
| DoorDash, Inc., Class A <sup>\*</sup> | 3670 | 551050 |
| Hyatt Hotels Corp., Class A | 6983 | 1004086 |
| Marriott International, Inc., Class A | 3129 | 1023402 |
| Navan, Inc., Class A <sup>\*</sup> | 8929 | 118220 |
| Royal Caribbean Cruises Ltd. | 2224 | 612000 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Hotels, Restaurants & Leisure (continued)** |  |  |
| Starbucks Corp. | 8405 | $753004 |
|  |  | 4061762 |
| **Household Durables - 0.0%<sup>†</sup>** |  |  |
| Champion Homes, Inc. <sup>\*</sup> | 394 | 29302 |
| **Independent Power and Renewable Electricity Producers - 0.2%** |  |  |
| Talen Energy Corp. <sup>\*</sup> | 1951 | 622818 |
| **Insurance - 1.2%** |  |  |
| Arch Capital Group Ltd. <sup>\*</sup> | 5393 | 517674 |
| Chubb Ltd. | 2412 | 786143 |
| Everest Group Ltd. | 1239 | 404967 |
| Hamilton Insurance Group Ltd., Class B | 7840 | 233867 |
| Marsh & McLennan Cos., Inc. | 6741 | 1169227 |
|  |  | 3111878 |
| **Interactive Media & Services - 4.4%** |  |  |
| Alphabet, Inc., Class A | 24092 | 6927896 |
| Meta Platforms, Inc., Class A | 7365 | 4213737 |
|  |  | 11141633 |
| **IT Services - 0.2%** |  |  |
| Snowflake, Inc. <sup>\*</sup> | 3731 | 562709 |
| **Life Sciences Tools & Services - 0.6%** |  |  |
| Bio-Techne Corp. | 1508 | 78808 |
| Danaher Corp. | 2140 | 405744 |
| ICON PLC <sup>\*</sup> | 2132 | 235927 |
| Thermo Fisher Scientific, Inc. | 423 | 207917 |
| Waters Corp. <sup>\*</sup> | 744 | 221563 |
| West Pharmaceutical Services, Inc. | 1223 | 306533 |
|  |  | 1456492 |
| **Machinery - 0.5%** |  |  |
| IDEX Corp. | 2250 | 426487 |
| Middleby Corp. (The) <sup>\*</sup> | 2038 | 270198 |
| PACCAR, Inc. | 5696 | 657888 |
|  |  | 1354573 |
| **Media - 0.3%** |  |  |
| EchoStar Corp., Class A <sup>\*</sup> | 903 | 105714 |
| New York Times Co. (The), Class A | 6390 | 535035 |
|  |  | 640749 |
| **Metals & Mining - 0.3%** |  |  |
| Newmont Corp. | 2596 | 281017 |
| Nucor Corp. | 2774 | 469083 |
|  |  | 750100 |
| **Multi-Utilities - 1.2%** |  |  |
| CMS Energy Corp. | 10550 | 818469 |
| Dominion Energy, Inc. | 17222 | 1064664 |
| Sempra | 12283 | 1193539 |
|  |  | 3076672 |
| **Oil, Gas & Consumable Fuels - 3.1%** |  |  |
| Coterra Energy, Inc. | 21688 | 762116 |
| Exxon Mobil Corp. | 22750 | 3859765 |

---

Global Atlantic Wellington Research Managed Risk Portfolio

Portfolio of Investments (Unaudited) (Continued)

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Oil, Gas & Consumable Fuels (continued)** |  |  |
| Marathon Petroleum Corp. | 2921 | $713250 |
| Shell PLC, ADR | 14782 | 1374726 |
| Targa Resources Corp. | 4198 | 1052565 |
|  |  | 7762422 |
| **Personal Care Products - 0.3%** |  |  |
| BellRing Brands, Inc. <sup>\*</sup> | 6967 | 112099 |
| elf Beauty, Inc. <sup>\*</sup> | 1130 | 68489 |
| Oddity Tech Ltd., Class A <sup>\*</sup> | 1853 | 24793 |
| Unilever PLC, ADR | 11416 | 650370 |
|  |  | 855751 |
| **Pharmaceuticals - 2.8%** |  |  |
| AstraZeneca PLC | 1335 | 263289 |
| Elanco Animal Health, Inc. <sup>\*</sup> | 9142 | 218768 |
| Eli Lilly & Co. | 2891 | 2659055 |
| GSK PLC, ADR | 8356 | 461168 |
| Haleon PLC, ADR | 66968 | 670350 |
| Johnson & Johnson | 2288 | 559279 |
| Merck & Co., Inc. | 14643 | 1761406 |
| Structure Therapeutics, Inc., ADR <sup>\*</sup> | 4428 | 213429 |
| VeraDermics, Inc. <sup>\*</sup> | 2121 | 133941 |
|  |  | 6940685 |
| **Professional Services - 0.1%** |  |  |
| KBR, Inc. | 8228 | 303284 |
| **Semiconductors & Semiconductor Equipment - 9.6%** |  |  |
| Advanced Micro Devices, Inc. <sup>\*</sup> | 9512 | 1935026 |
| Broadcom, Inc. | 16303 | 5045942 |
| KLA Corp. | 806 | 1186763 |
| Marvell Technology, Inc. | 7942 | 786655 |
| Micron Technology, Inc. | 4111 | 1388860 |
| NVIDIA Corp. | 78913 | 13762427 |
|  |  | 24105673 |
| **Software - 5.0%** |  |  |
| Autodesk, Inc. <sup>\*</sup> | 1938 | 463957 |
| Crowdstrike Holdings, Inc., Class A <sup>\*</sup> | 851 | 332239 |
| Datadog, Inc., Class A <sup>\*</sup> | 3721 | 439264 |
| Microsoft Corp. | 20408 | 7554429 |
| Oracle Corp. | 3078 | 452805 |
| Palantir Technologies, Inc., Class A <sup>\*</sup> | 6539 | 956525 |
| Palo Alto Networks, Inc. <sup>\*</sup> | 3713 | 595268 |
| Samsara, Inc., Class A <sup>\*</sup> | 17130 | 542850 |
| SAP SE, ADR | 834 | 142789 |
| ServiceNow, Inc. <sup>\*</sup> | 1515 | 158393 |
| Synopsys, Inc. <sup>\*</sup> | 2095 | 830626 |
|  |  | 12469145 |
| **Specialty Retail - 0.5%** |  |  |
| Lowe's Cos., Inc. | 1798 | 424831 |
| O'Reilly Automotive, Inc. <sup>\*</sup> | 3632 | 335270 |
| Ross Stores, Inc. | 1801 | 390151 |
|  |  | 1150252 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Technology Hardware, Storage & Peripherals - 3.5%** |  |  |
| Apple, Inc. | 34353 | $8718448 |
| **Tobacco - 0.4%** |  |  |
| British American Tobacco PLC, ADR | 3077 | 179912 |
| Philip Morris International, Inc. | 5657 | 935328 |
|  |  | 1115240 |
| **Trading Companies & Distributors - 0.7%** |  |  |
| EquipmentShare.com, Inc., Class A <sup>\*</sup> | 10477 | 213416 |
| Ferguson Enterprises, Inc. | 2502 | 583617 |
| WESCO International, Inc. | 2383 | 652036 |
| WW Grainger, Inc. | 289 | 315244 |
|  |  | 1764313 |
| **Wireless Telecommunication Services - 0.5%** |  |  |
| T-Mobile US, Inc. | 5920 | 1243378 |
| **Total Common Stocks** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $95,405,275)** |  | **152566536** |
| **U.S. Treasury Securities and Agency Bonds - 16.7%** |  |  |
| U.S. Treasury Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 8/15/35 | $92000 | 91727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.25%, 5/15/42 | 45000 | 37172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.38%, 8/15/42 | 441500 | 369584 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/15/42 | 722700 | 655201 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 5/15/43 | 672000 | 596715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.38%, 8/15/43 | 383300 | 362518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 11/15/43 | 425700 | 421327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 2/15/44 | 297400 | 284900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 5/15/44 | 200200 | 194554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 8/15/44 | 400400 | 363942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 11/15/44 | 337700 | 327450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 2/15/45 | 283000 | 198863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 2/15/45 | 163100 | 160558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.88%, 8/15/45 | 545000 | 405450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 11/15/45 | 364600 | 352352 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 2/15/46 | 432000 | 298687 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 2/15/46 | 236400 | 228348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 5/15/46 | 660000 | 454420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 5/15/47 | 355900 | 265090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75%, 8/15/47 | 320000 | 226962 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.38%, 5/15/51 | 251500 | 157747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.88%, 5/15/52 | 701700 | 487901 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/15/52 | 555100 | 478080 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.63%, 2/15/53 | 478300 | 384826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.63%, 5/15/53 | 589700 | 474017 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 8/15/53 | 340300 | 299211 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 11/15/53 | 514800 | 501769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 5/15/54 | 289200 | 276468 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 8/15/54 | 28500 | 25597 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 11/15/54 | 469100 | 439470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 2/15/55 | 83100 | 79474 |

---

Global Atlantic Wellington Research Managed Risk Portfolio

Portfolio of Investments (Unaudited) (Continued)

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **U.S. Treasury Securities and Agency Bonds (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 5/15/55 | $399500 | $390012 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 8/15/55 | 161300 | 157595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 11/15/55 | 397200 | 380505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 2/15/56 | 498400 | 487342 |
| U.S. Treasury Note |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 7/31/27 | 56400 | 56420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 8/15/27 | 397200 | 396688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.63%, 8/31/27 | 1595600 | 1590863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 10/31/27 | 1287800 | 1280858 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 10/31/27 | 342700 | 344119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 11/15/27 | 626000 | 628665 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 12/15/27 | 69500 | 69682 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.38%, 12/31/27 | 677800 | 672505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 12/31/27 | 10000 | 10006 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 1/31/28 | 1233700 | 1226568 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.38%, 2/29/28 | 1254300 | 1244305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 2/29/28 | 507500 | 509145 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 3/15/28 | 409300 | 409732 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.25%, 3/31/28 | 34000 | 32331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.63%, 3/31/28 | 367000 | 365652 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 3/31/28 | 889700 | 890986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 4/15/28 | 161600 | 161366 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.38%, 9/15/28 | 422500 | 418093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 9/30/28 | 83100 | 84684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.88%, 10/31/28 | 600000 | 615258 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.50%, 11/30/28 | 170000 | 160066 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.38%, 11/30/28 | 259300 | 262855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 12/31/28 | 703000 | 701545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 1/15/29 | 653200 | 647587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 1/31/29 | 680600 | 683631 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 2/15/29 | 226100 | 224104 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 2/28/29 | 13200 | 13351 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 3/15/29 | 308400 | 305653 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.38%, 3/31/29 | 53000 | 50826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.63%, 7/31/29 | 125000 | 120229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 7/31/29 | 408600 | 410436 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 9/30/29 | 479800 | 474065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 10/31/29 | 86100 | 86450 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 10/31/29 | 688800 | 694477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 11/30/29 | 510800 | 515050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 12/31/29 | 196300 | 196200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 1/31/30 | 378500 | 383290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 4/30/30 | 425500 | 425068 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 5/31/30 | 579000 | 581036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 6/30/30 | 451000 | 450348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 7/31/30 | 183500 | 183213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.63%, 8/31/30 | 583300 | 576191 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.63%, 9/30/30 | 269100 | 265789 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.63%, 10/31/30 | 484500 | 478292 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 11/30/30 | 665100 | 652915 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **U.S. Treasury Securities and Agency Bonds (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.63%, 12/31/30 | $672200 | $663141 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 12/31/30 | 521000 | 516563 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 1/31/31 | 1497200 | 1484684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 2/28/31 | 1822900 | 1787724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 5/31/31 | 90500 | 93194 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 8/31/31 | 17800 | 17583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.63%, 9/30/31 | 147800 | 145040 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 3/31/32 | 220000 | 220851 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 5/31/32 | 177300 | 177826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 7/31/32 | 104400 | 103915 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 8/31/32 | 214800 | 212199 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.75%, 10/31/32 | 133700 | 130974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.88%, 12/31/32 | 6100 | 6014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 1/31/33 | 884800 | 878441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 11/15/34 | 462800 | 462945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 2/15/35 | 595000 | 610921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/15/35 | 417800 | 407877 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.13%, 2/15/36 | 2301800 | 2267633 |
| **Total U.S. Treasury Securities and Agency Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $43,266,387)** |  | **42053952** |
| **Agency Mortgage Backed Securities - 8.0%** |  |  |
| **Federal Home Loan Mortgage Corporation - 2.3%** |  |  |
| Freddie Mac Gold Pool |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 9/1/28 | $705 | 695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 10/1/28 | 1467 | 1441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 12/1/31 | 15124 | 14596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 11/1/34 | 19034 | 18561 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 2/1/43 | 13369 | 12229 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 10/1/43 | 6906 | 6536 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/44 | 4033 | 3898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 11/1/46 | 410094 | 372408 |
| Freddie Mac Pool |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 1/1/38 | 105107 | 105338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 5/1/38 | 23045 | 22918 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 6/1/40 | 348536 | 356965 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 11/1/41 | 208126 | 180942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 2/1/42 | 389260 | 348013 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 4/1/47 | 7321 | 7124 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/1/48 | 131294 | 126290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 11/1/48 | 7390 | 7242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 5/1/49 | 20228 | 19546 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 7/1/49 | 24888 | 23971 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 8/1/49 | 14946 | 14727 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 5/1/51 | 1641940 | 1340747 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 5/1/51 | 106348 | 87192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 7/1/51 | 250704 | 214515 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 4/1/52 | 419532 | 344667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 8/1/52 | 50090 | 48332 |

---

Global Atlantic Wellington Research Managed Risk Portfolio

Portfolio of Investments (Unaudited) (Continued)

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Federal Home Loan Mortgage Corporation (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/52 | $182883 | $181328 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/1/52 | 505885 | 501605 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 1/1/53 | 169713 | 167538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 1/1/53 | 69517 | 70208 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 2/1/53 | 25665 | 25879 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 3/1/53 | 43428 | 43919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 6/1/53 | 355623 | 357951 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 7/1/53 | 138750 | 139658 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 8/1/53 | 138442 | 139264 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 8/1/53 | 53536 | 54921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 9/1/53 | 42075 | 42622 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 10/1/53 | 53909 | 55059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.50%, 11/1/53 | 365405 | 378143 |
|  |  | 5836988 |
| **Federal National Mortgage Association - 3.6%** |  |  |
| Fannie Mae or Freddie Mac |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 4/1/38<sup>(a)</sup> | 630000 | 614324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 4/1/53<sup>(a)</sup> | 154000 | 154661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 5/1/54<sup>(a)</sup> | 145000 | 145442 |
| Fannie Mae Pool |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 4/1/28 | 1763 | 1738 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 10/1/28 | 1206 | 1192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 2/1/30 | 5720 | 5566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.47%, 5/1/30 | 381000 | 384821 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 6/1/30 | 19282 | 18786 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.34%, 8/1/30 | 199000 | 200002 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.34%, 8/1/30 | 177000 | 177891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.22%, 9/1/30 | 686953 | 686826 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40%, 9/1/30 | 435000 | 438236 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.20%, 10/1/30 | 440000 | 439454 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.20%, 10/1/30 | 260000 | 259757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.83%, 10/1/30 | 362000 | 370900 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 10/1/31 | 37770 | 36496 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 12/1/31 | 2035 | 1960 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 1/1/38 | 111058 | 111282 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 4/1/38 | 222788 | 221567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 7/1/40 | 350695 | 357210 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 2/1/41 | 51569 | 46324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 5/1/41 | 129947 | 112967 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 7/1/41 | 243431 | 212976 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 6/1/43 | 163102 | 143486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 7/1/43 | 21123 | 19320 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/1/43 | 7765 | 7463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 2/1/46 | 94119 | 90301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 3/1/46 | 12241 | 11764 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 10/1/46 | 417772 | 378863 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 7/1/48 | 21454 | 21158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 11/1/48 | 9448 | 9315 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Federal National Mortgage Association (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 1/1/49 | $15439 | $14880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/49 | 6402 | 6182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 10/1/50 | 7223 | 7079 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 2/1/51 | 60425 | 49530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 4/1/51 | 153299 | 125661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 5/1/51 | 470148 | 399098 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 7/1/51 | 54426 | 50283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 8/1/51 | 628798 | 542148 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/1/51 | 14741 | 14316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 9/1/51 | 170215 | 139486 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 10/1/51 | 116275 | 104119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 11/1/51 | 517465 | 446669 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 1/1/52 | 305980 | 262116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 8/1/52 | 20155 | 19522 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 8/1/52 | 34998 | 34601 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 9/1/52 | 108184 | 105393 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 9/1/52 | 10162 | 9913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 9/1/52 | 34267 | 33975 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 9/1/52 | 15933 | 15881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 10/1/52 | 32288 | 32116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 11/1/52 | 22854 | 22314 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 1/1/53 | 156575 | 158036 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 8/1/53 | 44585 | 44933 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 9/1/53 | 757730 | 776234 |
|  |  | 9096533 |
| **Government National Mortgage Association - 2.1%** |  |  |
| Ginnie Mae |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 4/20/55<sup>(a)</sup> | 630000 | 633716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 4/20/56<sup>(a)</sup> | 123000 | 109604 |
| Ginnie Mae II Pool |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 12/20/42 | 10639 | 9828 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 7/20/43 | 11321 | 10698 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 12/20/44 | 3684 | 3554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/20/48 | 9510 | 9056 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 9/20/48 | 21286 | 20222 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 10/20/48 | 9218 | 8771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 12/20/50 | 616528 | 508495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 1/20/51 | 159995 | 131959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00%, 2/20/51 | 210524 | 173634 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 3/20/51 | 155723 | 133790 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 7/20/51 | 582084 | 500118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 7/20/51 | 520479 | 464723 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 8/20/51 | 597942 | 513744 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.50%, 10/20/51 | 247223 | 212414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 1/20/52 | 617181 | 566466 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 3/20/52 | 322495 | 298513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 4/20/52 | 131369 | 124382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 5/20/52 | 376455 | 356411 |

---

Global Atlantic Wellington Research Managed Risk Portfolio

Portfolio of Investments (Unaudited) (Continued)

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Government National Mortgage Association (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 8/20/52 | $356093 | $336113 |
|  |  | 5126211 |
| **Total Agency Mortgage Backed Securities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $20,622,851)** |  | **20059732** |
| **Corporate Bonds and Notes - 6.2%** |  |  |
| **Aerospace & Defense - 0.0%<sup>†</sup>** |  |  |
| Boeing Co. (The), 5.71%, 5/1/40 | 47000 | 47084 |
| **Agriculture - 0.4%** |  |  |
| Bat Capital Corp., 7.08%, 8/2/43 | 25000 | 27522 |
| BAT Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.35%, 8/15/32 | 50000 | 51306 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.63%, 8/15/35 | 378000 | 389445 |
| Philip Morris International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 10/29/32 | 144000 | 139410 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25%, 2/13/34 | 250000 | 254714 |
| Reynolds American, Inc., 5.85%, 8/15/45 | 10000 | 9683 |
|  |  | 872080 |
| **Auto Parts & Equipment - 0.1%** |  |  |
| LG Energy Solution Ltd., 5.25%, 4/2/31<sup>(b)</sup> | 200000 | 199425 |
| **Banks - 1.2%** |  |  |
| Citizens Financial Group, Inc., 6.65%, (SOFR + 2.33%), 4/25/35<sup>(c)</sup> | 450000 | 482776 |
| Commonwealth Bank of Australia, 5.07%, 9/14/28<sup>(b)</sup> | 500000 | 512523 |
| Goldman Sachs Group, Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.15%, (SOFR + 0.71%), 1/21/29<sup>(c)</sup> | 324000 | 321992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.52%, (SOFR + 0.96%), 1/21/32<sup>(c)</sup> | 105000 | 103414 |
| HSBC Holdings PLC, 4.68%, (SOFR + 1.21%), 3/10/32<sup>(c)</sup> | 200000 | 197258 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.14%, (SOFR + 1.01%), 1/24/31<sup>(c)</sup> | 170000 | 173120 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.10%, (SOFR + 1.44%), 4/22/31<sup>(c)</sup> | 221000 | 225028 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.91%, (SOFR + 2.08%), 7/25/33<sup>(c)</sup> | 328000 | 328556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.57%, (SOFR + 1.68%), 4/22/36<sup>(c)</sup> | 602000 | 620112 |
| Morgan Stanley, 4.24%, (SOFR + 0.80%), 1/9/30<sup>(c)</sup> | 120000 | 118772 |
|  |  | 3083551 |
| **Electric - 1.0%** |  |  |
| Aep Texas, Inc., 5.20%, 4/15/36 | 45000 | 44274 |
| CenterPoint Energy Houston Electric LLC, 4.85%, 4/1/36 | 217000 | 212579 |
| Duke Energy Corp., 4.95%, 9/15/35 | 55000 | 53678 |
| Duke Energy Florida LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.20%, 12/1/30 | 55000 | 54390 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.85%, 12/1/35 | 70000 | 68731 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Electric (continued)** |  |  |
| Duke Energy Indiana LLC, 4.95%, 3/15/36 | $15000 | $14773 |
| FirstEnergy Pennsylvania Electric Co., 5.20%, 4/1/28<sup>(b)</sup> | 15000 | 15211 |
| Ohio Edison Co., 4.95%, 12/15/29<sup>(b)</sup> | 25000 | 25250 |
| Pacific Gas and Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 2/15/44 | 75000 | 62596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.95%, 7/1/50 | 559859 | 464833 |
| Pacific Gas And Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.20%, 5/1/36 | 10000 | 9752 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 5/1/56 | 10000 | 9515 |
| Public Service Co. of Colorado, 4.15%, 3/13/29 | 140000 | 139602 |
| Public Service Co. of Oklahoma, 5.45%, 1/15/36 | 230000 | 231675 |
| SCE Recovery Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.86%, 11/15/31 | 68848 | 62283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.94%, 5/15/38 | 50000 | 38984 |
| Sempra, 4.13%, (US 5 Year CMT T-Note + 2.87%), 4/1/52<sup>(c)</sup> | 251000 | 244099 |
| Southern California Edison Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.80%, 3/15/33 | 170000 | 167008 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.65%, 10/1/43 | 164000 | 137429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 4/1/47 | 177000 | 131869 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.20%, 9/15/55 | 10000 | 9942 |
| Southwestern Electric Power Co., 5.20%, 4/1/36 | 70000 | 68879 |
| Texas Electric Market Stabilization Funding N LLC, 4.27%, 8/1/34<sup>(b)</sup> | 280147 | 278218 |
| Trans-Allegheny Interstate Line Co., 5.00%, 1/15/31<sup>(b)</sup> | 30000 | 30473 |
|  |  | 2576043 |
| **Food - 0.7%** |  |  |
| JBS NV / JBS USA Foods Group Holdings, Inc. / JBS USA Food Co. Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.75%, 4/1/33 | 196000 | 202103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.63%, 3/10/37<sup>(b)</sup> | 205000 | 205418 |
| JBS NV / JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings, 6.40%, 5/10/57<sup>(b)</sup> | 102000 | 101568 |
| JBS NV/JBS USA Foods Group Holdings, Inc./JBS USA Food Co. Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.95%, 4/20/35 | 30000 | 31109 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.25%, 3/1/56 | 75000 | 72949 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.38%, 4/15/66 | 75000 | 73354 |
| JBS USA Holding Lux Sarl / JBS USA Food Co. / JBS Lux Co. Sarl, 6.75%, 3/15/34 | 443000 | 486934 |

---

Global Atlantic Wellington Research Managed Risk Portfolio

Portfolio of Investments (Unaudited) (Continued)

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Food (continued)** |  |  |
| JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl, 3.00%, 5/15/32 | $55000 | $48852 |
| Mars, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.20%, 3/1/35<sup>(b)</sup> | 250000 | 252544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.65%, 5/1/45<sup>(b)</sup> | 138000 | 136495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.70%, 5/1/55<sup>(b)</sup> | 132000 | 129012 |
|  |  | 1740338 |
| **Healthcare-Services - 0.1%** |  |  |
| Memorial Sloan-Kettering Cancer Center, 2.96%, 1/1/50 | 20000 | 13008 |
| Providence St Joseph Health Obligated Group, 5.40%, 10/1/33 | 180000 | 183515 |
| Toledo Hospital (The), 5.75%, 11/15/38 | 35000 | 35031 |
|  |  | 231554 |
| **Insurance - 0.5%** |  |  |
| Athene Global Funding |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.58%, 1/9/29<sup>(b)</sup> | 120000 | 121100 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.38%, 1/7/30<sup>(b)</sup> | 355000 | 355586 |
| Fortitude Global Funding, 4.63%, 10/6/28<sup>(b)</sup> | 170000 | 168242 |
| Protective Life Global Funding, 4.80%, 6/5/30<sup>(b)</sup> | 150000 | 149982 |
| Sammons Financial Group Global Funding, 4.95%, 6/12/30<sup>(b)</sup> | 345000 | 345191 |
|  |  | 1140101 |
| **Internet - 0.1%** |  |  |
| Amazon.com, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.88%, 3/13/36 | 90000 | 89247 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.65%, 3/13/46 | 40000 | 39920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.95%, 3/13/66 | 75000 | 75402 |
|  |  | 204569 |
| **Oil & Gas - 0.2%** |  |  |
| Diamondback Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 12/1/29 | 88000 | 84906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.75%, 4/18/54 | 250000 | 237110 |
| Saudi Arabian Oil Co., 6.38%, 6/2/55<sup>(b)</sup> | 200000 | 198679 |
|  |  | 520695 |
| **Passenger Airlines - 0.0%<sup>†</sup>** |  |  |
| United Airlines 2016-1 Class AA Pass-Through Trust, 3.10%, 7/7/28 | 55149 | 53697 |
| **Pharmaceuticals - 0.1%** |  |  |
| Novartis Capital Corp., 4.60%, 3/18/33 | 180000 | 179401 |
| **Pipelines - 0.4%** |  |  |
| Columbia Pipelines Holding Co. LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.10%, 10/1/31<sup>(b)</sup> | 115000 | 115600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00%, 11/17/32<sup>(b)</sup> | 55000 | 54641 |
| Columbia Pipelines Operating Co. LLC, 6.50%, 8/15/43<sup>(b)</sup> | 98000 | 102489 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Pipelines (continued)** |  |  |
| Gray Oak Pipeline LLC, 3.45%, 10/15/27<sup>(b)</sup> | $25000 | $24523 |
| Greensaif Pipelines Bidco Sarl, 6.10%, 8/23/42<sup>(b)</sup> | 300000 | 298430 |
| Whistler Pipeline LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.40%, 9/30/29<sup>(b)</sup> | 278000 | 284772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.70%, 9/30/31<sup>(b)</sup> | 139000 | 142683 |
|  |  | 1023138 |
| **REITS - 0.4%** |  |  |
| Healthpeak OP LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 1/15/33 | 250000 | 244637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.38%, 2/15/35 | 200000 | 200793 |
| Kilroy Realty LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.65%, 11/15/33 | 124000 | 98484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.88%, 10/15/35 | 261000 | 251694 |
| SBA Tower Trust, 1.63%, 11/15/26<sup>(b)</sup> | 115000 | 113119 |
| WEA Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.88%, 1/15/27<sup>(b)</sup> | 30000 | 29628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 6/15/29<sup>(b)</sup> | 70000 | 67625 |
|  |  | 1005980 |
| **Semiconductors - 0.4%** |  |  |
| Foundry JV Holdco LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.15%, 1/25/32<sup>(b)</sup> | 200000 | 208799 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.90%, 1/25/33<sup>(b)</sup> | 400000 | 411474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.20%, 1/25/37<sup>(b)</sup> | 325000 | 336056 |
| Intel Corp., 4.60%, 3/25/40 | 172000 | 151822 |
|  |  | 1108151 |
| **Software - 0.4%** |  |  |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.55%, 2/4/29 | 80000 | 78982 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.88%, 9/26/45 | 28000 | 24243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.55%, 2/4/46 | 65000 | 60777 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 7/15/46 | 10000 | 6725 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00%, 11/15/47 | 10000 | 6619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.60%, 4/1/50 | 250000 | 151243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.95%, 3/25/51 | 46000 | 29095 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.55%, 2/6/53 | 27000 | 21575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.38%, 9/27/54 | 25000 | 19369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.00%, 8/3/55 | 25000 | 21024 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.85%, 2/4/66 | 80000 | 73705 |
| Salesforce, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.65%, 3/15/29 | 225000 | 225368 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.90%, 9/15/31 | 225000 | 224580 |
|  |  | 943305 |
| **Telecommunications - 0.2%** |  |  |
| AT&T, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.55%, 11/1/45 | 220000 | 208409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.85%, 4/30/46 | 223000 | 217566 |

---

Global Atlantic Wellington Research Managed Risk Portfolio

Portfolio of Investments (Unaudited) (Continued)

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Telecommunications (continued)** |  |  |
| T-Mobile USA, Inc., 5.05%, 7/15/33 | $140000 | $141059 |
|  |  | 567034 |
| **Total Corporate Bonds and Notes** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $15,614,540)** |  | **15496146** |
| **Asset Backed and Commercial Backed Securities - 2.2%** |  |  |
| Angel Oak Mortgage Trust 2019-6, 2.62%, 11/25/59 <sup>(b),(d)</sup> | 2381 | 2367 |
| BX Trust 2025-ARIA, 5.03%, 12/13/42 <sup>(b),(d)</sup> | 65000 | 65392 |
| Castlelake Aircraft Structured Trust 2019-1A, 3.97%, 4/15/39 <sup>(b)</sup> | 32157 | 31351 |
| CF Hippolyta Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.53%, 3/15/61<sup>(b)</sup> | 120189 | 96853 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.97%, 8/15/62<sup>(b)</sup> | 95855 | 94893 |
| CFMT 2021-AL1 LLC, 1.39%, 9/22/31 <sup>(b)</sup> | 30303 | 30215 |
| Connecticut Avenue Security Trust, 5.21%, (SOFR + 1.55%), 10/25/41 <sup>(b),(c)</sup> | 30175 | 30165 |
| Enterprise Fleet Financing 2023-3 LLC, 6.40%, 3/20/30 <sup>(b)</sup> | 126171 | 127277 |
| Fannie Mae REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.50%, 6/25/44 | 26682 | 26217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 12/25/45 | 146250 | 137237 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.50%, 10/25/49 | 167663 | 129733 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 12/25/54 | 205682 | 200139 |
| Flagstar Mortgage Trust 2018-3INV, 4.00%, 5/25/48 <sup>(b),(d)</sup> | 51785 | 48330 |
| Flagstar Mortgage Trust 2021-9INV, 2.00%, 9/25/41 <sup>(b),(d)</sup> | 111001 | 97894 |
| Freddie Mac Multifamily Structured Pass Through Certificates |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.68%, 10/25/31<sup>(d)</sup> | 125000 | 127070 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.40%, 3/25/32 | 280000 | 252067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.99%, 5/25/33<sup>(d)</sup> | 150000 | 148407 |
| Freddie Mac REMICS |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.75%, 9/15/42 | 119928 | 114063 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.00%, 6/15/45 | 153029 | 147605 |
| Freddie Mac Seasoned Credit Risk Transfer Trust Series 2019-3, 3.50%, 10/25/58 | 62561 | 60294 |
| Freddie Mac Seasoned Credit Risk Transfer Trust Series 2021-1, 2.50%, 9/25/60 | 464789 | 381271 |
| Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.38%, (1 Month US Libor + 0.71%), 5/20/65<sup>(c)</sup> | 8954 | 8920 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Asset Backed and Commercial Backed Securities (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40%, (1 Month US Libor + 0.73%), 8/20/65<sup>(c)</sup> | $12277 | $12252 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.48%, (1 Month US Libor + 0.81%), 10/20/65<sup>(c)</sup> | 9 | 9 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.78%, (1 Month US Libor + 1.11%), 12/20/65<sup>(c)</sup> | 11620 | 11651 |
| GS Mortgage-Backed Securities Trust, 4.73%, 5/25/66 <sup>(b)</sup> | 335973 | 332015 |
| Home Partners of America Trust, 2.30%, 12/17/26 <sup>(b)</sup> | 326177 | 320251 |
| Horizon Aircraft Finance III Ltd., 2019-2, 3.43%, 11/15/39 <sup>(b)</sup> | 114945 | 111141 |
| Kubota Credit Owner Trust 2023-2, 5.28%, 1/18/28 <sup>(b)</sup> | 140033 | 140795 |
| Metlife Securitization Trust, 3.00%, 4/25/55 <sup>(b),(d)</sup> | 23754 | 23028 |
| Navient Private Education Refi Loan Trust 2023-A, 5.51%, 10/15/71 <sup>(b)</sup> | 197153 | 199891 |
| New Residential Mortgage Loan Trust 2019-RPL3, 2.75%, 7/25/59 <sup>(b),(d)</sup> | 25325 | 24429 |
| PRET 2025-RPL2 Trust, 4.00%, 8/25/64 <sup>(b)</sup> | 331057 | 320715 |
| PRET 2025-RPL6 Trust, 3.85%, 9/25/69 <sup>(b)</sup> | 461313 | 441162 |
| PRET Trust, 4.15%, 1/25/70 <sup>(b)</sup> | 238777 | 233068 |
| PRPM Trust, 4.85%, 1/25/56 <sup>(b)</sup> | 95121 | 93695 |
| Texas Natural Gas Securitization Finance Corp., 5.17%, 4/1/41 <sup>\*,\*</sup> | 50000 | 50713 |
| Towd Point Mortgage Trust 2017-4, 2.75%, 6/25/57 <sup>(b),(d)</sup> | 17883 | 17577 |
| Towd Point Mortgage Trust 2018-1, 3.00%, 1/25/58 <sup>(b),(d)</sup> | 1748 | 1740 |
| Verus Securitization Trust, 5.39%, 10/25/67 <sup>(b)</sup> | 195000 | 194900 |
| Verus Securitization Trust 2025-R2, 5.09%, 7/25/67 <sup>(b),(d)</sup> | 380733 | 379358 |
| Verus Securitization Trust 2026-R1, 4.83%, 10/25/67 <sup>(b),(d)</sup> | 97991 | 97201 |
| Wheels Fleet Lease Funding 1 LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.46%, 8/18/38<sup>(b)</sup> | 80103 | 80855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.87%, 6/21/39<sup>(b)</sup> | 168884 | 169811 |
| **Total Asset Backed and Commercial Backed Securities** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $5,822,700)** |  | **5614017** |
| **Municipal Bonds - 0.5%** |  |  |
| Golden State Tobacco Securitization Corp., 3.00%, 6/1/46 <sup>\*,\*</sup> | 30000 | 27436 |

---

Global Atlantic Wellington Research Managed Risk Portfolio

Portfolio of Investments (Unaudited) (Continued)

March 31, 2026

---

| | | |
|:---|:---|:---|
|  | **Shares/<br> Principal** | **Fair Value** |
| **Municipal Bonds (continued)** |  |  |
| Illinois Municipal Electric Agency, 6.83%, 2/1/35 <sup>\*,\*</sup> | $65000 | $68450 |
| Metropolitan Transportation Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.81%, 11/15/40<sup>\*,\*</sup> | 90000 | 98213 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.18%, 11/15/49<sup>\*,\*</sup> | 5000 | 4665 |
| Philadelphia Authority for Industrial Development, 6.55%, 10/15/28 <sup>\*,\*</sup> | 270000 | 285045 |
| State of Illinois, 5.10%, 6/1/33 <sup>\*,\*</sup> | 711127 | 724360 |
| University of California, 1.61%, 5/15/30 <sup>\*,\*</sup> | 20000 | 18150 |
| **Total Municipal Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $1,268,752)** |  | **1226319** |
| **Exchange Traded Funds - 0.3%** |  |  |
| **Equity Funds - 0.3%** |  |  |
| State Street SPDR S&P 500 ETF Trust (Cost - $814,627) | 1189 | 773254 |
| **Sovereign Debts - 0.3%** |  |  |
| Israel Government International Bond, 5.38%, 3/12/29 | 325000 | 329616 |
| Saudi Government International Bond, 5.38%, 1/13/31 <sup>(b)</sup> | 375000 | 382982 |
| **Total Sovereign Debts** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $697,913)** |  | **712598** |
| **Short-Term Investments - 6.0%** |  |  |
| **Money Market Funds - 6.0%** |  |  |
| Dreyfus Government Cash Management, Institutional Shares, 3.53%<sup>(e)</sup> | 10542242 | 10542242 |
| Fidelity Investments Money Market Fund - Government Portfolio, Institutional Class, 3.53%<sup>(e)</sup> | 4536766 | 4536766 |
| **Total Short-Term Investments<br> (Cost - $15,079,008)** |  | **15079008** |
| **Total Investments - 100.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(Cost - $198,592,053)** |  | **$253581562** |
| **Other Assets Less Liabilities - Net (0.9)%** |  | **(2145666)** |
| **Total Net Assets - 100.0%** |  | **$251435896** |

---

---

| | |
|:---|:---|
| \* | Non-income producing security. |
| † | Represents less than 0.05%. |
| (a) | When-issued, or delayed delivery. All or a portion may be subject to dollar-roll transactions. |
| (b) | 144A - Security was purchased pursuant to Rule 144a under the Securities Act of 1933 and may not be resold subject to that rule, except to qualified institutional buyers. As of March 31, 2026, these securities amounted to $9,604,107 or 3.8% of net assets. |
| (c) | Variable rate or fixed to variable rate security. The rate shown is the rate in effect at period end. |

---

Global Atlantic Wellington Research Managed Risk Portfolio

Portfolio of Investments (Unaudited) (Continued)

March 31, 2026

(d) Adjustable
 rate security with an interest rate that is not based on a published reference index and spread. The rate is based on the structure
 of the agreement and current market conditions. The coupon rate shown represents the rate at period end.

(e) The
 rate shown is the annualized seven-day yield at period end.

---

| | |
|:---|:---|
| ADR | American Depositary Receipt |
| CMT | Treasury Constant Maturity Rate |
| Libor | London Interbank Offer Rate |
| PLC | Public Limited Company |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **FORWARD SALES CONTRACTS** | **FORWARD SALES CONTRACTS** | **FORWARD SALES CONTRACTS** | **FORWARD SALES CONTRACTS** | **FORWARD SALES CONTRACTS** | **FORWARD SALES CONTRACTS** |
| **At March 31, 2026, the Fund had the following forward sales contracts:** | **At March 31, 2026, the Fund had the following forward sales contracts:** | **At March 31, 2026, the Fund had the following forward sales contracts:** | **At March 31, 2026, the Fund had the following forward sales contracts:** | **At March 31, 2026, the Fund had the following forward sales contracts:** | **At March 31, 2026, the Fund had the following forward sales contracts:** |
| **Description** | **Interest Rate** | **Maturity Date\*** | **Settlement Date** | **Principal Amount** | **Value** |
| Fannie Mae or Freddie Mac | 4.50% | TBA - 30Yr | 4/1/2041 | $(411000) | $(407644) |
| Fannie Mae or Freddie Mac | 4.00% | TBA - 30Yr | 4/1/2054 | (75000) | (60293) |
| Ginnie Mae | 4.00% | TBA - 30Yr | 5/20/2056 | (667000) | (623749) |
| (Proceeds Receivable: $(1089814)) | (Proceeds Receivable: $(1089814)) | (Proceeds Receivable: $(1089814)) | (Proceeds Receivable: $(1089814)) |  | $(1091686) |

---

\* TBA (To Be Announced) Securities are purchased on a forward commitment basis with an approximate principal amount and no defined maturity date.The actual principal and maturity date will be determined upon settlement when the specific mortgage pools are assigned.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | | | |
|  | **Counterparty** | **Number of <br> Contracts** | <br>**Expiration Date** | <br>**Notional Value** | <br>**Fair <br> Value/Unrealized <br> Appreciation<br> (Depreciation)** |
| **Short Futures Contracts** |  |  |  |  |  |
| E-mini Russell 2000 Index | Goldman Sachs & Co. | 12 | 6/18/2026 | $1507320 | $(9850) |
| S&P 500 E-Mini Future | Goldman Sachs & Co. | 100 | 6/18/2026 | 32853750 | 276500 |
| S&P Mid 400 E-Mini Future | Goldman Sachs & Co. | 7 | 6/18/2026 | 2377550 | (24990) |
|  |  |  |  |  | 241660 |
| **Long Futures Contracts** |  |  |  |  |  |
| U.S. 10 Year Note Future | J. P. Morgan Securities LLC | 8 | 6/18/2026 | 888375 | 1609 |
| TOTAL NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | TOTAL NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | TOTAL NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS | TOTAL NET UNREALIZED APPRECIATION ON FUTURES CONTRACTS |  | $243269 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Forethought Variable Insurance Trust

- **b. Investment Company Act file number:** 811-22865

- **c. CIK number of Registrant:** 0001580353

- **d. LEI of Registrant:** 5493006EQMR1BNKF6A36

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

  - **Street Address 1:** 10 West Market Street

  - **City:** Indianapolis

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 46204

  - **Telephone number:** 877-355-1820

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

- **a. Name of Series:** Global Atlantic Wellington Research Managed Risk Portfolio

- **b. EDGAR series identifier (if any):** S000042090

- **c. LEI of Series:** 5493004GHH4SPWZG5B06

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $255936262.42

**Total Liabilities:** $4199165.73

**Net Assets:** $251737096.69

**Delayed Delivery Securities:** $305812.10

**Stand-by Commitments:** $3375650.74

**Cash Not Reported:** $2498166.48

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 27.07409000 | **1-Year:** 2017.86159000 | **5-Year:** 13497.36520000 | **10-Year:** 6453.46268000 | **30-Year:** 450.30564000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 161.10206000 | **10-Year:** 104.56756000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000130711 | 0.84%                | -0.38%               | -3.63%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5266550.45              | $-3009369.20                               |
| Month 2  | $2407740.82              | $-3749559.27                               |
| Month 3  | $1138330.46              | $-11301759.08                              |

**Designated Index Information**

- **Index Name:** Global Atlantic Wellington Research Managed Risk Portfolio _Ex Derivatives BM

- **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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United States Treasury Notes                                  | T 3.5 01/15/29                                      | CUSIP: 91282CPT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    653200 | PA      | $647586.56    | 0.26%             | 2029-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN CC0772                                           | CUSIP: 3140Y62E9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    350695 | PA      | $357210.28    | 0.14%             | 2040-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.875 07/31/27                                    | CUSIP: 91282CNP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     56400 | PA      | $56419.83     | 0.02%             | 2027-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                         | FN MA1617                                           | CUSIP: 31418AYP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1206 | PA      | $1191.68      | 0.00%             | 2028-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.75 08/15/55                                     | CUSIP: 912810UM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    161300 | PA      | $157595.14    | 0.06%             | 2055-08-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                              | E-mini Russell 2000 Index Futures, Jun-2026,ETH     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |       -12 | NC      | $-9850.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD2428                                           | CUSIP: 3132DPVV7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    169713 | PA      | $167538.27    | 0.07%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Disc Medicine Inc                                             | Disc Medicine Inc COM                               | CUSIP: 254604101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       646 | NS      | $41305.24     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2025-R2                            | VERUS 2025-R2 A1                                    | CUSIP: 92541EAC6<br>LEI: 2138003KWTZZS4PBW772 | Long             | ABS-O            | CORP              | US        |    380733 | PA      | $379357.63    | 0.15%             | 2067-07-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                      | G2-30YR-Multi                                       | CUSIP: 21H052645<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    630000 | PA      | $633715.99    | 0.25%             | 2056-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corporation                                  | Northrop Grumman Corporation COM                    | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      1195 | NS      | $815276.80    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                              | E-mini S&P MidCap 400 Index Futures, Jun-2026,ETH   | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |        -7 | NC      | $-24990.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| SBA Tower Trust                                               | SBATOW 1.631 11/15/26 144A                          | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    115000 | PA      | $113119.42    | 0.04%             | 2026-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 2.5 05/15/46                                      | CUSIP: 912810RS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    660000 | PA      | $454420.31    | 0.18%             | 2046-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corporation                                     | Regal Rexnord Corporation COM                       | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      2388 | NS      | $447176.88    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SB8205                                           | CUSIP: 3132D6DJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    105107 | PA      | $105337.82    | 0.04%             | 2038-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Johnson Controls International PLC                            | Johnson Controls International PLC COM USD1.00      | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |      1401 | NS      | $183460.95    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                                          | Gilead Sciences Inc. COM                            | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      1693 | NS      | $235953.41    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS3956                                           | CUSIP: 3140XKME7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7223 | PA      | $7078.62      | 0.00%             | 2050-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SPOTIFY TECHNOLOGY SA                                         | Spotify Technology S.A. COM EUR0.000625             | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |       730 | NS      | $353984.30    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FN FM6991                                           | CUSIP: 3140XAXV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    153299 | PA      | $125661.32    | 0.05%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                       | SORT 2021-1A A1                                     | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120189 | PA      | $96853.48     | 0.04%             | 2061-03-15      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                             | HSBC V4.675 03/10/32                                | CUSIP: 404280FL8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $197257.86    | 0.08%             | 2032-03-10      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                            | EIX 4.65 10/01/43                                   | CUSIP: 842400FZ1<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    164000 | PA      | $137429.19    | 0.05%             | 2043-10-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD        | FHMS K758 A2                                        | CUSIP: 3137HHJF9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    125000 | PA      | $127069.65    | 0.05%             | 2031-10-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| The Vita Coco Company Inc                                     | The Vita Coco Company Inc COM                       | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |      3500 | NS      | $167685.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corporation                                          | Ingevity Corporation COM                            | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |      1116 | NS      | $79492.68     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Foundry JV Holdco LLC.                                        | FABSJV 6.2 01/25/37                                 | CUSIP: 350930AJ2<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    325000 | PA      | $336056.41    | 0.13%             | 2037-01-25      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                              | PCG 4.95 07/01/50                                   | CUSIP: 694308JN8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    559859 | PA      | $464833.63    | 0.18%             | 2050-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Walt Disney Company                                           | Walt Disney Company COM                             | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      9501 | NS      | $915706.38    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FN AZ2426                                           | CUSIP: 3138YTVU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19282 | PA      | $18785.57     | 0.01%             | 2030-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.875 12/31/32                                    | CUSIP: 91282CPQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      6100 | PA      | $6014.22      | 0.00%             | 2032-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Equipmentshare Com Inc.                                       | Equipmentshare Com Inc. COM CL A                    | CUSIP: 29445S100<br>LEI: 254900PWJK48CGPKPI80 | Long             | EC               | CORP              | US        |     10477 | NS      | $213416.49    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FNR 2020-27 HC                                      | CUSIP: 3136B9VP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    167663 | PA      | $129732.77    | 0.05%             | 2049-10-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                                      | O'Reilly Automotive Inc. COM                        | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      3632 | NS      | $335269.92    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS3574                                           | CUSIP: 3140XJ6L2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22854 | PA      | $22314.39     | 0.01%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN CB6870                                           | CUSIP: 3140QST43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     44585 | PA      | $44932.85     | 0.02%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC STRUCTURED PASS THROUGH CERTIFICATES              | SCRT 2019-3 MA                                      | CUSIP: 35563PLH0<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |     62561 | PA      | $60293.82     | 0.02%             | 2058-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD8350                                           | CUSIP: 3132DWH30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     53536 | PA      | $54920.63     | 0.02%             | 2053-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL DEV                             | PA PHIDEV 6.55 10/15/2028                           | CUSIP: 71781LBH1<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    270000 | PA      | $285044.37    | 0.11%             | 2028-10-15      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN AS4517                                           | CUSIP: 3138WEAT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5720 | PA      | $5565.64      | 0.00%             | 2030-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SCE Recovery Funding LLC                                      | EIX 0.861 11/15/31 A-1                              | CUSIP: 78433LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     68848 | PA      | $62283.28     | 0.02%             | 2031-11-15      | Fixed         | 0.86%                 | No            |                  2 | On Loan: No      |
| Corvus Pharmaceuticals Inc                                    | Corvus Pharmaceuticals Inc COM                      | CUSIP: 221015100<br>LEI: 549300I3AVJ8F75NCX65 | Long             | EC               | CORP              | US        |      1714 | NS      | $25075.82     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corporation                                             | INTC 4.6 03/25/40                                   | CUSIP: 458140BL3<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    172000 | PA      | $151822.00    | 0.06%             | 2040-03-25      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4 11/15/52                                        | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    555100 | PA      | $478079.88    | 0.19%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Structure Therapeutics Inc                                    | Structure Therapeutics Inc SPONSORED ADS            | CUSIP: 86366E106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      4428 | NS      | $213429.60    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS0434                                           | CUSIP: 3140XFPU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    517465 | PA      | $446669.29    | 0.18%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Public Service Company of Colorado                            | XEL 4.15 03/13/29                                   | CUSIP: 744448DD0<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |    140000 | PA      | $139601.57    | 0.06%             | 2029-03-13      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Paccar Inc                                                    | Paccar Inc COM                                      | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      5696 | NS      | $657888.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA7192                                           | CUSIP: 36179V7D6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    210524 | PA      | $173633.95    | 0.07%             | 2051-02-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                     | MARS 5.7 05/01/55 144A                              | CUSIP: 571676BC8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    132000 | PA      | $129011.76    | 0.05%             | 2055-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN AS1044                                           | CUSIP: 3138WAES2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7765 | PA      | $7462.69      | 0.00%             | 2043-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arch Capital Group Ltd.                                       | Arch Capital Group Ltd. COM USD0.01                 | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |      5393 | NS      | $517674.07    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KNIGHT-SWIFT TRANSPORTATION HOLDINGS INC                      | Knight-Swift Transportation Holdings Inc. CL A      | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8486 | NS      | $488623.88    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation PLC                                         | Eaton Corporation PLC COM USD0.01                   | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |      1971 | NS      | $704967.57    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 3.75 04/15/28                                     | CUSIP: 91282CMW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    161600 | PA      | $161366.44    | 0.06%             | 2028-04-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FG J25845                                           | CUSIP: 31307EP65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1467 | PA      | $1440.80      | 0.00%             | 2028-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS6067                                           | CUSIP: 3140XMW51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14741 | PA      | $14316.47     | 0.01%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.75 08/15/27                                     | CUSIP: 91282CLG4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    397200 | PA      | $396687.99    | 0.16%             | 2027-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.625 12/31/30                                    | CUSIP: 91282CPR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    672200 | PA      | $663141.06    | 0.26%             | 2030-12-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                         | ATH 5.583 01/09/29 144A                             | CUSIP: 04685A3Q2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121099.87    | 0.05%             | 2029-01-09      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                      | JBS 5.75 04/01/33                                   | CUSIP: 46590XAY2<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    196000 | PA      | $202102.50    | 0.08%             | 2033-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN FM7130                                           | CUSIP: 3140XA4Q2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    129947 | PA      | $112967.44    | 0.04%             | 2041-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS3492                                           | CUSIP: 3140XJ3A9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    111058 | PA      | $111282.48    | 0.04%             | 2038-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                      | GNR 2015-H12 FB                                     | CUSIP: 38376RBH8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |      8954 | PA      | $8919.92      | 0.00%             | 2065-05-20      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN BE0146                                           | CUSIP: 3140FKEU0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     37770 | PA      | $36495.70     | 0.01%             | 2031-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp.                                               | Microsoft Corp. COM                                 | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     20408 | NS      | $7554429.36   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 4 02/29/28                                        | CUSIP: 91282CGP0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    507500 | PA      | $509145.41    | 0.20%             | 2028-02-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATERA INC                                                    | Natera Inc. COM                                     | CUSIP: 632307104<br>LEI: 529900CQ3OZ0A0VYVU59 | Long             | EC               | CORP              | US        |       676 | NS      | $135193.24    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fnma Pass-Thru I                                              | FN BZ4579                                           | CUSIP: 3140Q0CR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    199000 | PA      | $200002.28    | 0.08%             | 2030-08-01      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4 10/31/29                                        | CUSIP: 91282CFT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     86100 | PA      | $86449.78     | 0.03%             | 2029-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4.25 01/31/30                                     | CUSIP: 91282CMG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    378500 | PA      | $383290.39    | 0.15%             | 2030-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                                             | Johnson & Johnson COM                               | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      2288 | NS      | $559278.72    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                                                     | Argenx SE SPONSORED ADR                             | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |       239 | NS      | $174529.75    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PRET 2025-RPL2 TRUST                                          | PRET 2025-RPL2 A1                                   | CUSIP: 69392LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    331057 | PA      | $320715.31    | 0.13%             | 2064-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                              | FN BZ3738                                           | CUSIP: 3140NYEL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    381000 | PA      | $384821.16    | 0.15%             | 2030-05-01      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN AT2062                                           | CUSIP: 3138WPJG0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1763 | PA      | $1737.80      | 0.00%             | 2028-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FNMA-30YR                                           | CUSIP: 01F020646<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |    -75000 | PA      | $-60292.97    | -0.02%            | 2056-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                                           | Abbott Laboratories COM                             | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      3413 | NS      | $350412.71    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                   | Royal Caribbean Group COM USD0.01                   | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      2347 | NS      | $645847.46    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co.                                                    | Boeing Co. COM                                      | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      2876 | NS      | $572410.28    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 3.75 10/31/32                                     | CUSIP: 91282CPF2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    133700 | PA      | $130973.77    | 0.05%             | 2032-10-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| STANDARDAERO INC                                              | StandardAero Inc. COM                               | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10786 | NS      | $278602.38    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                                     | Linde PLC COM EUR0.001                              | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |      2343 | NS      | $1161565.68   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                                  | Thermo Fisher Scientific Inc COM                    | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       423 | NS      | $207917.19    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc                                                   | Samsara Inc COM CL A                                | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17130 | NS      | $542849.70    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.75 11/15/53                                     | CUSIP: 912810TV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    514800 | PA      | $501769.13    | 0.20%             | 2053-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                              | AMZN 5.65 03/13/46                                  | CUSIP: 023135DG8<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39919.53     | 0.02%             | 2046-03-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE FLEET FINANCING 2023-3 LLC                         | EFF 2023-3 A2                                       | CUSIP: 29374LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    126171 | PA      | $127277.01    | 0.05%             | 2030-03-20      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Oddity Tech Ltd.                                              | Oddity Tech Ltd. SHS CL A                           | CUSIP: 000000000<br>LEI: 254900QH12XZS53G0V57 | Long             | EC               | CORP              | IL        |      1853 | NS      | $24793.14     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.5 02/15/44                                      | CUSIP: 912810TZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    297400 | PA      | $284899.91    | 0.11%             | 2044-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX TRUST 2018-BILT                                            | BX 2025-ARIA A                                      | CUSIP: 05619TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65000 | PA      | $65392.05     | 0.03%             | 2042-12-15      | Variable      | 5.03%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 3.625 05/15/53                                    | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    589700 | PA      | $474017.44    | 0.19%             | 2053-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Magnum Ice Cream Co. NV (The)                                 | Magnum Ice Cream Co. NV (The) ORD EUR3.50 (DI)      | CUSIP: 000000000<br>LEI: 25490052LLF3XH6G9847 | Long             | EC               | CORP              | NL        |      2846 | NS      | $42547.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                                              | Cytokinetics Inc COM NEW                            | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |      3995 | NS      | $263310.45    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                               | Ross Stores Inc COM                                 | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |      1100 | NS      | $238293.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                                     | Tesla Inc COM                                       | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      7025 | NS      | $2611543.75   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.                                                 | Netflix, Inc. COM                                   | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      3208 | NS      | $308449.20    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.                                  | Marriott International, Inc. CL A                   | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      3129 | NS      | $1023402.03   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD                                                      | Flex Ltd. COM USD0.01                               | CUSIP: 000000000<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | SG        |      8265 | NS      | $541026.90    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FNR 2017-56 PA                                      | CUSIP: 3136AXBX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    146250 | PA      | $137236.83    | 0.05%             | 2045-12-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PRPM 2026-RCF1 LLC                                            | PRPM 2026-RCF1 A1                                   | CUSIP: 69383VAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95121 | PA      | $93695.42     | 0.04%             | 2056-01-25      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| CF HIPPOLYTA ISSUER LLC                                       | SORT 2022-1A A1                                     | CUSIP: 12530MAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     95855 | PA      | $94892.52     | 0.04%             | 2062-08-15      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4.25 02/28/29                                     | CUSIP: 91282CKD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     13200 | PA      | $13351.08     | 0.01%             | 2029-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FG G60765                                           | CUSIP: 31335AZ68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    410094 | PA      | $372408.07    | 0.15%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.75 12/31/30                                     | CUSIP: 91282CJQ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    521000 | PA      | $516563.36    | 0.21%             | 2030-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Mirum Pharmaceuticals Inc.                                    | Mirum Pharmaceuticals Inc. COM                      | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |       586 | NS      | $54134.68     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwestern Electric Power Company                           | AEP 5.2 04/01/36                                    | CUSIP: 845437BV3<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68878.59     | 0.03%             | 2036-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD3913                                           | CUSIP: 3132E0K27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     42075 | PA      | $42621.90     | 0.02%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                  | ORCL 6 08/03/55                                     | CUSIP: 68389XDB8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21024.18     | 0.01%             | 2055-08-03      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Performance Food Group Co.                                    | Performance Food Group Co. COM                      | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |      2140 | NS      | $183312.40    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Whistler Pipeline LLC                                         | WHISPI 5.4 09/30/29 144A                            | CUSIP: 96337RAA0<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |    278000 | PA      | $284771.99    | 0.11%             | 2029-09-30      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Navan Inc.                                                    | Navan Inc. CL A                                     | CUSIP: 639193101<br>LEI: 254900RHRK35UPHTGY05 | Long             | EC               | CORP              | US        |      8929 | NS      | $118219.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FN CB4552                                           | CUSIP: 3140QQBW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    108184 | PA      | $105392.58    | 0.04%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GOLDEN STATE TOBACCO SECURITIZATION CORP                      | CA GLDGEN 3 06/01/2046                              | CUSIP: 38122NB76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $27435.80     | 0.01%             | 2046-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Acadia Healthcare Company, Inc.                               | Acadia Healthcare Company, Inc. COM                 | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |      2371 | NS      | $55457.69     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GUARDIAN PHARMACY SERVICES INC                                | Guardian Pharmacy Services Inc. CL A                | CUSIP: 40145W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7800 | NS      | $293748.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc.                                                | Welltower Inc. COM                                  | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |      7191 | NS      | $1421732.61   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SB1558                                           | CUSIP: 3132CXWT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    348536 | PA      | $356964.61    | 0.14%             | 2040-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Bio-Techne Corp                                               | Bio-Techne Corp COM                                 | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |      1508 | NS      | $78808.08     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Foundry JV Holdco LLC.                                        | FABSJV 6.15 01/25/32                                | CUSIP: 350930AC7<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $208798.84    | 0.08%             | 2032-01-25      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Snowflake Inc                                                 | Snowflake Inc COM SHS                               | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |      3731 | NS      | $562709.42    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD8368                                           | CUSIP: 3132DWJM6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     53909 | PA      | $55058.59     | 0.02%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.5 11/15/54                                      | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    469100 | PA      | $439469.74    | 0.17%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Builders Firstsource, Inc.                                    | Builders Firstsource, Inc. COM                      | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |      1592 | NS      | $131069.36    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS5497                                           | CUSIP: 3140XMDB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15439 | PA      | $14879.79     | 0.01%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KBR Inc                                                       | KBR Inc COM                                         | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |      8228 | NS      | $303284.08    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corporation.                                           | Incyte Corporation. COM                             | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |       622 | NS      | $58542.64     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pret 2021-Rn4 LLC                                             | PRET 2025-RPL6 A1                                   | CUSIP: 74143YAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    461313 | PA      | $441161.91    | 0.18%             | 2069-09-25      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA7472                                           | CUSIP: 36179WJR0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    582084 | PA      | $500117.93    | 0.20%             | 2051-07-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FHR 4654 KA                                         | CUSIP: 3137BVUA2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    153029 | PA      | $147605.24    | 0.06%             | 2045-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA7649                                           | CUSIP: 36179WQA9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    247223 | PA      | $212413.64    | 0.08%             | 2051-10-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Newmont Corporation                                           | Newmont Corporation COM                             | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      2596 | NS      | $281017.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.75 05/15/55                                     | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    399500 | PA      | $390011.88    | 0.15%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                              | FN BZ4977                                           | CUSIP: 3140Q0Q70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    435000 | PA      | $438235.62    | 0.17%             | 2030-09-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                         | Lowes Companies, Inc. COM                           | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      2078 | NS      | $490989.84    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA5398                                           | CUSIP: 36179T7K5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9510 | PA      | $9056.16      | 0.00%             | 2048-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4.25 08/15/35                                     | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     92000 | PA      | $91726.88     | 0.04%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 2.5 02/15/45                                      | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    283000 | PA      | $198862.77    | 0.08%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES HOLDING CO LLC                             | CPGX 4.999 11/17/32 144A                            | CUSIP: 19828AAF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $54641.22     | 0.02%             | 2032-11-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Bank of New York Mellon Corp.                             | The Bank of New York Mellon Corp. COM               | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |      1100 | NS      | $130493.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA8045                                           | CUSIP: 36179W5E4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    376455 | PA      | $356410.58    | 0.14%             | 2052-05-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hamilton Insurance Group Ltd.                                 | Hamilton Insurance Group Ltd. CL B                  | CUSIP: 000000000<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |      7840 | NS      | $233867.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FLAGSTAR MORTGAGE TRUST 2021-9INV                             | FSMT 2021-9INV A2                                   | CUSIP: 33851MAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    111001 | PA      | $97893.93     | 0.04%             | 2041-09-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4 05/31/30                                        | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    579000 | PA      | $581035.54    | 0.23%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN CA2045                                           | CUSIP: 3140Q9HX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21454 | PA      | $21158.43     | 0.01%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD4010                                           | CUSIP: 3132E0N32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24888 | PA      | $23971.40     | 0.01%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC.                                        | FABSJV 5.9 01/25/33                                 | CUSIP: 350930AG8<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    400000 | PA      | $411474.15    | 0.16%             | 2033-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Dianthus Therapeutics Inc                                     | Dianthus Therapeutics Inc COM                       | CUSIP: 252828108<br>LEI: 549300Z3N6ODPCOFC890 | Long             | EC               | CORP              | US        |       580 | NS      | $48673.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Spyre Therapeutics Inc                                        | Spyre Therapeutics Inc COM NEW                      | CUSIP: 00773J202<br>LEI: 52990017AIJPRH3HQH40 | Long             | EC               | CORP              | US        |      1309 | NS      | $66025.96     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                                              | Amazon.com, Inc. COM                                | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     35467 | NS      | $7386712.09   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FG G08554                                           | CUSIP: 3128MJTL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6906 | PA      | $6535.71      | 0.00%             | 2043-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.625 02/15/46                                    | CUSIP: 912810UT3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    135600 | PA      | $130981.13    | 0.05%             | 2046-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.75 08/31/31                                     | CUSIP: 91282CLJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     17800 | PA      | $17583.06     | 0.01%             | 2031-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                              | FN BZ4631                                           | CUSIP: 3140Q0ED0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    686953 | PA      | $686825.98    | 0.27%             | 2030-09-01      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| Reynolds American Inc.                                        | BATSLN 5.85 08/15/45                                | CUSIP: 761713BB1<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9682.93      | 0.00%             | 2045-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Monster Beverage Corp                                         | Monster Beverage Corp COM                           | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      5465 | NS      | $395993.90    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                         | FR RA7795                                           | CUSIP: 3133KPUU0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    182883 | PA      | $181328.46    | 0.07%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FG Q28000                                           | CUSIP: 3132M8RV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4033 | PA      | $3898.50      | 0.00%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated                           | Vertex Pharmaceuticals Incorporated COM             | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      1060 | NS      | $473332.40    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 3.625 08/31/27                                    | CUSIP: 91282CNV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1595600 | PA      | $1590863.06   | 0.63%             | 2027-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN BE4255                                           | CUSIP: 3140FPWR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2035 | PA      | $1959.86      | 0.00%             | 2031-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EchoStar Corp.                                                | EchoStar Corp. CL A                                 | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |       903 | NS      | $105714.21    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 3.5 10/31/27                                      | CUSIP: 91282CPE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1287800 | PA      | $1280857.96   | 0.51%             | 2027-10-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA5466                                           | CUSIP: 36179UCB6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     21286 | PA      | $20221.79     | 0.01%             | 2048-09-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Toledo Hospital                                               | TOLHOS 5.75 11/15/38                                | CUSIP: 889184AD9<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35031.03     | 0.01%             | 2038-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                      | JBS 6.25 03/01/56                                   | CUSIP: 472140AH5<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |     75000 | PA      | $72949.13     | 0.03%             | 2056-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AEP Texas Inc                                                 | AEP 5.2 04/15/36 Q                                  | CUSIP: 00108WAV2<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44274.12     | 0.02%             | 2036-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.625 02/15/55                                    | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     83100 | PA      | $79474.11     | 0.03%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Texas Electric Market Stabilization Funding N LLC             | ERCOTT 4.265 08/01/34 A-1                           | CUSIP: 88240TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280147 | PA      | $278217.74    | 0.11%             | 2034-08-01      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| Shell PLC                                                     | Shell PLC SPON ADS                                  | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     14782 | NS      | $1374726.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services Incorporated                     | West Pharmaceutical Services Incorporated COM       | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |       240 | NS      | $60153.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE Recovery Funding LLC                                      | EIX 1.942 05/15/38 A-2                              | CUSIP: 78433LAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $38983.83     | 0.02%             | 2038-05-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                      | GNR 2015-H20 FC                                     | CUSIP: 38376RFL5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     12277 | PA      | $12252.13     | 0.00%             | 2065-08-20      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN BM4882                                           | CUSIP: 3140J9M81<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9448 | PA      | $9315.12      | 0.00%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Pool Corporation                                              | Pool Corporation COM                                | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |      3631 | NS      | $734660.23    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FG J25876                                           | CUSIP: 31307EQ56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       705 | PA      | $695.36       | 0.00%             | 2028-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Revolution Medicines Inc                                      | Revolution Medicines Inc COM                        | CUSIP: 76155X100<br>LEI: 549300JU3X0LBCQ65892 | Long             | EC               | CORP              | US        |      1601 | NS      | $155697.25    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMMONS FINANCIAL GROUP GLOBAL FUNDING                        | SAMMON 4.95 06/12/30 144A                           | CUSIP: 79587J2C6<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |    345000 | PA      | $345190.37    | 0.14%             | 2030-06-12      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| VERADERMICS INC                                               | Veradermics Inc. COMMON STOCK                       | CUSIP: 922967104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2121 | NS      | $133941.15    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                      | G2-30YR-Multi                                       | CUSIP: 21H040657<br>LEI: 549300M8ZYFG0OCMTT87 | Short            | ABS-MBS          | USGA              | US        |   -667000 | PA      | $-623749.19   | -0.25%            | 2056-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FG Q15842                                           | CUSIP: 3132J65C4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     13369 | PA      | $12228.61     | 0.00%             | 2043-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SC0226                                           | CUSIP: 3132D9HB3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    208126 | PA      | $180942.17    | 0.07%             | 2041-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| E L F Beauty Inc                                              | E L F Beauty Inc COM                                | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |      1130 | NS      | $68489.30     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 1.5 11/30/28                                      | CUSIP: 91282CDL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    170000 | PA      | $160065.63    | 0.06%             | 2028-11-30      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| TRANS-ALLEGHENY INTERSTATE LINE CO                            | FE 5 01/15/31 144A                                  | CUSIP: 893045AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $30472.63     | 0.01%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                  | ORCL 6.55 02/04/46                                  | CUSIP: 68389XEA9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     65000 | PA      | $60777.35     | 0.02%             | 2046-02-04      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| KUBOTA CREDIT OWNER TRUST 2023-2                              | KCOT 2023-2A A3                                     | CUSIP: 500945AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140033 | PA      | $140795.24    | 0.06%             | 2028-01-18      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.25 08/15/54                                     | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     28500 | PA      | $25596.56     | 0.01%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FHMS K157 A2                                        | CUSIP: 3137FHQ63<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    150000 | PA      | $148407.48    | 0.06%             | 2033-05-25      | Variable      | 3.99%                 | No            |                  2 | On Loan: No      |
| Protagonist Therapeutics Inc                                  | Protagonist Therapeutics Inc COM                    | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       630 | NS      | $66402.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SB8229                                           | CUSIP: 3132D6EA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     23045 | PA      | $22918.08     | 0.01%             | 2038-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 2.875 08/15/45                                    | CUSIP: 912810RN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    545000 | PA      | $405450.19    | 0.16%             | 2045-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.875 07/31/30                                    | CUSIP: 91282CNN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    183500 | PA      | $183213.28    | 0.07%             | 2030-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ILLINOIS MUNICIPAL ELECTRIC AGENCY POWER SUPPLY               | IL ILSPWR 6.83 02/01/2035                           | CUSIP: 452024GT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $68449.99     | 0.03%             | 2035-02-01      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                     | GS V4.516 01/21/32                                  | CUSIP: 38145GAR1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103413.98    | 0.04%             | 2032-01-21      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.375 09/15/28                                    | CUSIP: 91282CNY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    422500 | PA      | $418093.46    | 0.17%             | 2028-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Regeneron Pharmaceuticals, Inc.                               | Regeneron Pharmaceuticals, Inc. COM                 | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       379 | NS      | $292830.56    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                      | JBS 3 05/15/32                                      | CUSIP: 46590XAP1<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |     55000 | PA      | $48852.05     | 0.02%             | 2032-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                           | Fifth Third Bancorp COM                             | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      7384 | NS      | $343060.64    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS0603                                           | CUSIP: 3140XFU58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    170215 | PA      | $139485.78    | 0.06%             | 2051-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FNMA-15YR                                           | CUSIP: 01F040446<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    630000 | PA      | $614323.84    | 0.24%             | 2041-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Equitable Holdings Inc                                        | Equitable Holdings Inc COM                          | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     12995 | NS      | $482244.45    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                        | SAP SE SPON ADR                                     | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |       834 | NS      | $142789.14    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Intermediate Holdings Inc.                           | BellRing Intermediate Holdings Inc. COMMON STOCK    | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |      6967 | NS      | $112099.03    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                                  | Synopsys Inc COM                                    | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      2095 | NS      | $830625.60    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                                        | SRE V4.125 04/01/52                                 | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    251000 | PA      | $244098.93    | 0.10%             | 2052-04-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| British American Tobacco PLC                                  | British American Tobacco PLC SPONSORED ADR          | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      3077 | NS      | $179912.19    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp.                                                     | KLA Corp. COM NEW                                   | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       806 | NS      | $1186762.46   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Verus Securitization Trust 2026-R1                            | VERUS 2026-R1 A1                                    | CUSIP: 924932AC0<br>LEI: 213800IRNLDELLG4XV07 | Long             | ABS-O            | CORP              | US        |     97991 | PA      | $97200.77     | 0.04%             | 2067-10-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4 11/15/42                                        | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    722700 | PA      | $655200.95    | 0.26%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty L.P.                                            | KRC 2.65 11/15/33                                   | CUSIP: 49427RAR3<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |    124000 | PA      | $98483.82     | 0.04%             | 2033-11-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA0624                                           | CUSIP: 36179MVR8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     10639 | PA      | $9827.81      | 0.00%             | 2042-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                              | PM 5.25 02/13/34                                    | CUSIP: 718172DJ5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254714.29    | 0.10%             | 2034-02-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                  | ORCL 6.85 02/04/66                                  | CUSIP: 68389XEC5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     80000 | PA      | $73705.25     | 0.03%             | 2066-02-04      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Unilever PLC                                                  | Unilever PLC SPON ADR NEW                           | CUSIP: 904767803<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     11416 | NS      | $650369.52    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Pass Through Trust Series 2016-1AA            | UAL 3.1 07/07/28 AA                                 | CUSIP: 90931LAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     55149 | PA      | $53697.11     | 0.02%             | 2028-07-07      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.625 09/30/31                                    | CUSIP: 91282CLM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    147800 | PA      | $145040.30    | 0.06%             | 2031-09-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FNMA-30YR                                           | CUSIP: 01F052649<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    154000 | PA      | $154661.72    | 0.06%             | 2056-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Cencora Inc                                                   | Cencora Inc COM                                     | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       214 | NS      | $67225.96     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS1219                                           | CUSIP: 3140XGK99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     54426 | PA      | $50282.52     | 0.02%             | 2051-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                  | Broadcom Inc COM                                    | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     16303 | NS      | $5045941.53   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVIENT PRIVATE EDUCATION REFI LOAN TRUST 2023-A              | NAVSL 2023-A A                                      | CUSIP: 638961AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197153 | PA      | $199891.40    | 0.08%             | 2071-10-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2018-1                              | TPMT 2018-1 A1                                      | CUSIP: 89176EAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1748 | PA      | $1739.60      | 0.00%             | 2058-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| AstraZeneca PLC                                               | AstraZeneca PLC ORD USD0.25                         | CUSIP: 000000000<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |      1335 | NS      | $263288.70    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Gas and Electric Company                              | PCG 6 05/01/56                                      | CUSIP: 694308LB1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9515.27      | 0.00%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Steris PLC                                                    | Steris PLC ORD USD0.001                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      1014 | NS      | $224225.82    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                      | GNR 2015-H32 FM                                     | CUSIP: 38376RMG8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |     11620 | PA      | $11651.64     | 0.00%             | 2065-12-20      | Variable      | 4.78%                 | No            |                  2 | On Loan: No      |
| CELSIUS HOLDINGS INC                                          | Celsius Holdings Inc. COM NEW                       | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2216 | NS      | $78623.68     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                                      | T 5.85 04/30/46                                     | CUSIP: 00206RNJ7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    223000 | PA      | $217565.87    | 0.09%             | 2046-04-30      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4 11/15/35                                        | CUSIP: 91282CPJ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    417800 | PA      | $407877.25    | 0.16%             | 2035-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chubb Ltd. Switzerland                                        | Chubb Ltd. Switzerland ORD CHF24.15                 | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |      2412 | NS      | $786143.16    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA7829                                           | CUSIP: 36179WVW5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    617181 | PA      | $566466.00    | 0.23%             | 2052-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                                            | Meta Platforms Inc CL A                             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      7365 | NS      | $4213737.45   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bonds                                  | T 3.625 02/15/53                                    | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    478300 | PA      | $384825.98    | 0.15%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.75 11/15/43                                     | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    425700 | PA      | $421326.60    | 0.17%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                        | Marvell Technology Inc COM                          | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7942 | NS      | $786655.10    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Edwards Lifesciences Corporation                              | Edwards Lifesciences Corporation COM                | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |      5686 | NS      | $455334.88    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                      | JBS 5.95 04/20/35                                   | CUSIP: 472140AB8<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |     30000 | PA      | $31108.80     | 0.01%             | 2035-04-20      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN MA2539                                           | CUSIP: 31418BZD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     94119 | PA      | $90301.42     | 0.04%             | 2046-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN CB7133                                           | CUSIP: 3140QS4T5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    757730 | PA      | $776233.98    | 0.31%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                          | JPM V5.572 04/22/36                                 | CUSIP: 46647PEX0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    602000 | PA      | $620111.80    | 0.25%             | 2036-04-22      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                  | NY MTATRN 5.17 11/15/2049                           | CUSIP: 59261A2P1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |      5000 | PA      | $4664.97      | 0.00%             | 2049-11-15      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Hyatt Hotels Corporation                                      | Hyatt Hotels Corporation COM CL A                   | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |      6983 | NS      | $1004085.57   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| FREDDIE MAC SEASONED CREDIT RISK TRANSFER TRUST SERIES 2021-1 | SCRT 2021-1 MTU                                     | CUSIP: 35563PUZ0<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |    464789 | PA      | $381270.99    | 0.15%             | 2060-09-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA2446                                           | CUSIP: 36179QWF4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3684 | PA      | $3554.36      | 0.00%             | 2044-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| The New York Times Company                                    | The New York Times Company CL A                     | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |      6390 | NS      | $535034.70    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp.                                         | Targa Resources Corp. COM                           | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |      4198 | NS      | $1052564.54   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME PARTNERS OF AMERICA 2021-2 TRUST                         | HPA 2021-2 B                                        | CUSIP: 43732VAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    326177 | PA      | $320250.94    | 0.13%             | 2026-12-17      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| YORK SPACE SYSTEMS INC                                        | York Space Systems Inc. COM                         | CUSIP: 987084100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2107 | NS      | $46712.19     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PRET 2026- RPL1                                               | PRET 2026-RPL1 A1                                   | CUSIP: 69393EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    238777 | PA      | $233068.06    | 0.09%             | 2070-01-27      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD2712                                           | CUSIP: 3132DQAM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14946 | PA      | $14727.41     | 0.01%             | 2049-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.625 11/15/44                                    | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    337700 | PA      | $327450.28    | 0.13%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Amgen Inc.                                                    | Amgen Inc. COM                                      | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |       663 | NS      | $233276.55    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 4 07/31/32                                        | CUSIP: 91282CNR8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    104400 | PA      | $103914.70    | 0.04%             | 2032-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 2.375 03/31/29                                    | CUSIP: 91282CEE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     53000 | PA      | $50826.17     | 0.02%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management Funds                      | Dreyfus Government Cash Management Funds SH BEN INT | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  10542242 | NS      | $10542242.32  | 4.19%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.875 12/31/27                                    | CUSIP: 91282CGC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     10000 | PA      | $10006.25     | 0.00%             | 2027-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.875 04/30/30                                    | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    425500 | PA      | $425067.85    | 0.17%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4.125 10/31/27                                    | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    342700 | PA      | $344118.99    | 0.14%             | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                      | GNR 2015-H29 FA                                     | CUSIP: 38376RMB9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-O            | USGA              | US        |         9 | PA      | $8.80         | 0.00%             | 2065-10-20      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                             | Exxon Mobil Corp. COM                               | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     22750 | NS      | $3859765.00   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                                       | Berkshire Hathaway Inc. CL B NEW                    | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      5142 | NS      | $2464046.40   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                                       | KeyCorp COM                                         | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     38592 | NS      | $773769.60    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD3029                                           | CUSIP: 3132DQLJ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7321 | PA      | $7123.52      | 0.00%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                  | ORCL 4 07/15/46                                     | CUSIP: 68389XBJ3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     10000 | PA      | $6724.58      | 0.00%             | 2046-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN 310228                                           | CUSIP: 31374CSR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    163102 | PA      | $143486.11    | 0.06%             | 2043-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc.                                               | CRM 4.9 09/15/31                                    | CUSIP: 79466LAS3<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    225000 | PA      | $224580.10    | 0.09%             | 2031-09-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.75 12/31/28                                     | CUSIP: 91282CJR3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    703000 | PA      | $701544.57    | 0.28%             | 2028-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Apple Inc.                                                    | Apple Inc. COM                                      | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     34353 | NS      | $8718447.87   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                                                  | Freshpet Inc COM                                    | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |      4472 | NS      | $263669.12    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS3111                                           | CUSIP: 3140XJN58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15933 | PA      | $15881.25     | 0.01%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR RA5576                                           | CUSIP: 3133KMFR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    250704 | PA      | $214515.16    | 0.09%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.625 08/31/30                                    | CUSIP: 91282CNX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    583300 | PA      | $576191.03    | 0.23%             | 2030-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                         | ATH 5.38 01/07/30 144A                              | CUSIP: 04685A4G3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    355000 | PA      | $355586.46    | 0.14%             | 2030-01-07      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Ferguson Enterprises Inc                                      | Ferguson Enterprises Inc COMMON STOCK NEW           | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      2626 | NS      | $612540.76    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabia (Kingdom of)                                     | KSA 5.375 01/13/31 144A                             | CUSIP: 80413TBK4<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |    375000 | PA      | $382982.02    | 0.15%             | 2031-01-13      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH N Y                                  | NY MTATRN 6.81 11/15/2040                           | CUSIP: 59261A6J1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     90000 | PA      | $98212.91     | 0.04%             | 2040-11-15      | Fixed         | 6.81%                 | No            |                  2 | On Loan: No      |
| PG&E Corporation                                              | PG&E Corporation COM                                | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |     37875 | NS      | $665463.75    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 3.75 01/31/31                                     | CUSIP: 91282CPW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1497200 | PA      | $1484684.34   | 0.59%             | 2031-01-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.625 11/15/55                                    | CUSIP: 912810UP1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    397200 | PA      | $380505.19    | 0.15%             | 2055-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                       | UnitedHealth Group Inc. COM                         | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      1166 | NS      | $315507.94    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WASTE CONNECTIONS INC                                         | Waste Connections Inc. COM                          | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      2893 | NS      | $469938.92    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                  | ORCL 5.875 09/26/45                                 | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     28000 | PA      | $24243.15     | 0.01%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                      | T 5.55 11/01/45                                     | CUSIP: 00206RND0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    220000 | PA      | $208408.78    | 0.08%             | 2045-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPERATING CO LLC                           | CPGX 6.497 08/15/43 144A                            | CUSIP: 19828TAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     98000 | PA      | $102489.49    | 0.04%             | 2043-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                              | FN BZ5075                                           | CUSIP: 3140Q0T93<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    440000 | PA      | $439453.65    | 0.17%             | 2030-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                | MS V4.238 01/09/30                                  | CUSIP: 61748UAR3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118772.07    | 0.05%             | 2030-01-09      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FNR 2015-28 HP                                      | CUSIP: 3136ANUU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |     26682 | PA      | $26217.42     | 0.01%             | 2044-06-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4.125 11/15/27                                    | CUSIP: 91282CLX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    626000 | PA      | $628665.39    | 0.25%             | 2027-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.375 12/31/27                                    | CUSIP: 91282CPS4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    677800 | PA      | $672504.69    | 0.27%             | 2027-12-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Healthpeak OP LLC                                             | DOC 4.75 01/15/33                                   | CUSIP: 42250GAB9<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244636.54    | 0.10%             | 2033-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NewAmsterdam Pharma Company NV                                | NewAmsterdam Pharma Company NV ORDINARY SHARES      | CUSIP: 000000000<br>LEI: 984500B6549TF6E14D36 | Long             | EC               | CORP              | NL        |      6700 | NS      | $214467.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.625 05/15/54                                    | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    289200 | PA      | $276468.42    | 0.11%             | 2054-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| JBS NV                                                        | JBS 5.625 03/10/37 144A                             | CUSIP: 46590XBA3<br>LEI: 254900JSFON4WL81TW77 | Long             | DBT              | CORP              | NL        |    205000 | PA      | $205418.20    | 0.08%             | 2037-03-10      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.625 03/31/28                                    | CUSIP: 91282CGT2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    367000 | PA      | $365652.42    | 0.15%             | 2028-03-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| TEXAS NATURAL GAS SECURITIZATION FINANCE CORP                 | TX TNGUTL 5.17 04/01/2041                           | CUSIP: 88258MAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50712.93     | 0.02%             | 2041-04-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR RA8755                                           | CUSIP: 3133KQWQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     43428 | PA      | $43918.61     | 0.02%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FHMS K142 A2                                        | CUSIP: 3137H73P6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    280000 | PA      | $252067.17    | 0.10%             | 2032-03-25      | Variable      | 2.40%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                  | ORCL 4.55 02/04/29                                  | CUSIP: 68389XDW2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78982.29     | 0.03%             | 2029-02-04      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD8258                                           | CUSIP: 3132DWE74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    505885 | PA      | $501604.49    | 0.20%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CFMT 2021-AL1 TRUST                                           | CFMT 2021-AL1 B                                     | CUSIP: 12529UAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30303 | PA      | $30215.10     | 0.01%             | 2031-09-22      | Fixed         | 1.39%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp.                                      | Marathon Petroleum Corp. COM                        | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |      2921 | NS      | $713249.78    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                  | ORCL 3.6 04/01/50                                   | CUSIP: 68389XBX2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    250000 | PA      | $151242.50    | 0.06%             | 2050-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| WEA Finance LLC                                               | URWFP 3.5 06/15/29 144A                             | CUSIP: 92928QAF5<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              | CORP              | US        |     70000 | PA      | $67624.77     | 0.03%             | 2029-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN CB4289                                           | CUSIP: 3140QPXT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20155 | PA      | $19522.24     | 0.01%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                            | EIX 4.8 03/15/33                                    | CUSIP: 842400JL8<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    170000 | PA      | $167008.35    | 0.07%             | 2033-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Fidelity Colchester Street Trust                              | Fidelity Colchester Street Trust MNY MRKT FDS I     | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   4536766 | NS      | $4536765.92   | 1.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Tetra Tech Inc                                                | Tetra Tech Inc COM                                  | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |      8584 | NS      | $258550.08    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE INC.                              | E-mini S&P 500 Futures, Jun-2026,ETH                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               | CORP              | US        |      -100 | NC      | $276500.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 3.5 01/31/28                                      | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1233700 | PA      | $1226567.67   | 0.49%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Boeing Co.                                                    | BA 5.705 05/01/40                                   | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     47000 | PA      | $47083.92     | 0.02%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| Goodyear Tire & Rubber Co. The                                | Goodyear Tire & Rubber Co. The COM                  | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |     21790 | NS      | $144467.70    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA8200                                           | CUSIP: 36179XDD5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    356093 | PA      | $336112.73    | 0.13%             | 2052-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Nucor Corporation                                             | Nucor Corporation COM                               | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |      2774 | NS      | $469083.40    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FG J35818                                           | CUSIP: 31307SPB3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     15124 | PA      | $14596.22     | 0.01%             | 2031-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 1.25 03/31/28                                     | CUSIP: 91282CBS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     34000 | PA      | $32330.55     | 0.01%             | 2028-03-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.5 02/15/29                                      | CUSIP: 91282CQA2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    226100 | PA      | $224103.96    | 0.09%             | 2029-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc.                                               | CRM 4.65 03/15/29                                   | CUSIP: 79466LAR5<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225367.46    | 0.09%             | 2029-03-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Kilroy Realty L.P.                                            | KRC 5.875 10/15/35                                  | CUSIP: 49427RAT9<br>LEI: 5493008CT3N3JR7P1552 | Long             | DBT              | CORP              | US        |    261000 | PA      | $251694.12    | 0.10%             | 2035-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                    | BATSLN 7.079 08/02/43                               | CUSIP: 054989AC2<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     25000 | PA      | $27521.65     | 0.01%             | 2043-08-02      | Fixed         | 7.08%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD8300                                           | CUSIP: 3132DWGH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     25665 | PA      | $25879.27     | 0.01%             | 2053-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                        | FANG 5.75 04/18/54                                  | CUSIP: 25278XBA6<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    250000 | PA      | $237110.34    | 0.09%             | 2054-04-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| United Therapeutics Corporation                               | United Therapeutics Corporation COM                 | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       507 | NS      | $300640.86    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| OHIO EDISON CO                                                | FE 4.95 12/15/29 144A                               | CUSIP: 677347CJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25249.82     | 0.01%             | 2029-12-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR ZT1526                                           | CUSIP: 3132ADVT2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    131294 | PA      | $126289.49    | 0.05%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Waters Corporation                                            | Waters Corporation COM                              | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |       744 | NS      | $221563.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc.                              | Philip Morris International Inc. COM                | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      5657 | NS      | $935328.38    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                                        | Micron Technology Inc. COM                          | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      4111 | NS      | $1388860.24   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                                  | CFG V6.645 04/25/35                                 | CUSIP: 174610BG9<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    450000 | PA      | $482776.18    | 0.19%             | 2035-04-25      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| Healthpeak OP LLC                                             | DOC 5.375 02/15/35                                  | CUSIP: 42250GAA1<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200793.05    | 0.08%             | 2035-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                            | EIX 4 04/01/47                                      | CUSIP: 842400GG2<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    177000 | PA      | $131868.69    | 0.05%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                                  | NVIDIA Corp. COM                                    | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     78913 | NS      | $13762427.20  | 5.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SC0242                                           | CUSIP: 3132D9HT4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    389260 | PA      | $348013.09    | 0.14%             | 2042-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4.125 11/30/29                                    | CUSIP: 91282CMA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    510800 | PA      | $515050.01    | 0.20%             | 2029-11-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                                | PROTLI 4.803 06/05/30 144A                          | CUSIP: 74368CCC6<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149981.98    | 0.06%             | 2030-06-05      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| CHAMPION HOMES INC                                            | Champion Homes Inc. COM                             | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       394 | NS      | $29301.78     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                                   | Walmart Inc COM                                     | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     20670 | NS      | $2568867.60   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GS MORTGAGE-BACKED SECURITIES TRUST 2026-DSC1                 | GSMBS 2026-DSC1 A1                                  | CUSIP: 36276BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    335973 | PA      | $332014.63    | 0.13%             | 2066-05-25      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD2553                                           | CUSIP: 3132DPZS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20228 | PA      | $19545.76     | 0.01%             | 2049-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN EDISON CO                                        | FE 5.2 04/01/28 144A                                | CUSIP: 591894CE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $15211.24     | 0.01%             | 2028-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS2619                                           | CUSIP: 3140XH4D6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     34998 | PA      | $34601.11     | 0.01%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS0363                                           | CUSIP: 3140XFMM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    305980 | PA      | $262115.55    | 0.10%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Southern California Edison Company                            | EIX 6.2 09/15/55                                    | CUSIP: 842400JK0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9942.11      | 0.00%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                   | AbbVie Inc. COM                                     | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      1989 | NS      | $432587.61    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                                                        | Sempra COM                                          | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     13288 | NS      | $1291194.96   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabian Oil Company                                     | ARAMCO 6.375 06/02/55 144A                          | CUSIP: 80414L3F0<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |    200000 | PA      | $198678.77    | 0.08%             | 2055-06-02      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA7473                                           | CUSIP: 36179WJS8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    520479 | PA      | $464723.37    | 0.18%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING 1 LLC                              | WFLF 2023-2A A                                      | CUSIP: 96328GBG1<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |     80103 | PA      | $80854.93     | 0.03%             | 2038-08-18      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| APOGEE THERAPEUTICS INC                                       | Apogee Therapeutics Inc. COM                        | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       634 | NS      | $53363.78     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA7255                                           | CUSIP: 36179WBY3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    155723 | PA      | $133790.01    | 0.05%             | 2051-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4.125 10/31/29                                    | CUSIP: 91282CLR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    688800 | PA      | $694477.22    | 0.28%             | 2029-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN AU1629                                           | CUSIP: 3138X0Y36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21123 | PA      | $19320.36     | 0.01%             | 2043-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                      | G2-30YR-Multi                                       | CUSIP: 21H030641<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    123000 | PA      | $109604.54    | 0.04%             | 2056-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY CORP                                             | Talen Energy Corporation COM                        | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1951 | NS      | $622817.73    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis Capital Corporation                                  | NOVNVX 4.6 03/18/33                                 | CUSIP: 66989HBH0<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    180000 | PA      | $179400.67    | 0.07%             | 2033-03-18      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.875 06/30/30                                    | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    451000 | PA      | $450348.17    | 0.18%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Coterra Energy Inc                                            | Coterra Energy Inc COM                              | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     21688 | NS      | $762116.32    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Florida LLC                                       | DUK 4.2 12/01/30                                    | CUSIP: 26444HAT8<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54390.04     | 0.02%             | 2030-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS0601                                           | CUSIP: 3140XFU33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    628798 | PA      | $542148.13    | 0.22%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 2.625 07/31/29                                    | CUSIP: 91282CFC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    125000 | PA      | $120229.49    | 0.05%             | 2029-07-31      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Aaon Inc                                                      | Aaon Inc COM PAR $0.004                             | CUSIP: 000360206<br>LEI: 549300ZHF0E5VM7PUD37 | Long             | EC               | CORP              | US        |     12601 | NS      | $1042732.75   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 3.5 11/30/30                                      | CUSIP: 91282CPN5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    665100 | PA      | $652915.16    | 0.26%             | 2030-11-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD8349                                           | CUSIP: 3132DWH22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    138442 | PA      | $139263.95    | 0.06%             | 2053-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COGENT BIOSCIENCES INC                                        | Cogent Biosciences Inc. COM                         | CUSIP: 19240Q201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1245 | NS      | $47920.05     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA7534                                           | CUSIP: 36179WLP1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    597942 | PA      | $513744.49    | 0.20%             | 2051-08-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD4838                                           | CUSIP: 3132DSLT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     69517 | PA      | $70208.35     | 0.03%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES HOLDING CO LLC                             | CPGX 5.097 10/01/31 144A                            | CUSIP: 19828AAD9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $115599.59    | 0.05%             | 2031-10-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                   | IL ILS 5.1 06/01/2033                               | CUSIP: 452151LF8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    711127 | PA      | $724360.25    | 0.29%             | 2033-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4.875 10/31/28                                    | CUSIP: 91282CJF9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    600000 | PA      | $615257.81    | 0.24%             | 2028-10-31      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Haleon PLC                                                    | Haleon PLC SPON ADS                                 | CUSIP: 405552100<br>LEI: 549300PSB3WWEODCUP19 | Long             | EC               | CORP              | GB        |     66968 | NS      | $670349.68    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TREX COMPANY INC                                              | Trex Company, Inc. COM                              | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13289 | NS      | $483985.38    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corporation                                          | Celanese Corporation COM                            | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |      3846 | NS      | $252951.42    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA7051                                           | CUSIP: 36179VZQ6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    616528 | PA      | $508494.50    | 0.20%             | 2050-12-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                              | DUK 4.95 09/15/35                                   | CUSIP: 26441CCJ2<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |     55000 | PA      | $53678.14     | 0.02%             | 2035-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Servicenow Inc                                                | Servicenow Inc COM                                  | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1515 | NS      | $158393.25    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2019-RPL3                 | NRZT 2019-RPL3 A1                                   | CUSIP: 64830NAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     25325 | PA      | $24428.94     | 0.01%             | 2059-07-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN CA8933                                           | CUSIP: 3140QG4T1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     60425 | PA      | $49529.96     | 0.02%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA7135                                           | CUSIP: 36179V4U1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    159995 | PA      | $131958.86    | 0.05%             | 2051-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Arista Networks Inc                                           | Arista Networks Inc COM SHS                         | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      5409 | NS      | $664117.02    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc.                                          | Elevance Health Inc. COM                            | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |      1055 | NS      | $308851.25    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 4.625 02/15/35                                    | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    595000 | PA      | $610920.90    | 0.24%             | 2035-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.875 08/31/32                                    | CUSIP: 91282CNW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    214800 | PA      | $212198.91    | 0.08%             | 2032-08-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 3.875 05/15/43                                    | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    672000 | PA      | $596715.00    | 0.24%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Middleby Corp.                                                | Middleby Corp. COM                                  | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |      2038 | NS      | $270198.04    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA7938                                           | CUSIP: 36179WZB7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    322495 | PA      | $298513.19    | 0.12%             | 2052-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                              | FN BZ4582                                           | CUSIP: 3140Q0CU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    177000 | PA      | $177891.48    | 0.07%             | 2030-08-01      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD8331                                           | CUSIP: 3132DWHG1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    355623 | PA      | $357950.61    | 0.14%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| James Hardie Industries PLC                                   | James Hardie Industries PLC COM EUR0.59             | CUSIP: 000000000<br>LEI: 635400NSGXKTVOO7JU45 | Long             | EC               | CORP              | IE        |     45413 | NS      | $860122.22    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 3.5 02/28/31                                      | CUSIP: 91282CQD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1822900 | PA      | $1787723.72   | 0.71%             | 2031-02-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD8342                                           | CUSIP: 3132DWHT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    138750 | PA      | $139658.37    | 0.06%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS3575                                           | CUSIP: 3140XJ6M0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10162 | PA      | $9912.58      | 0.00%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Crowdstrike Holdings Inc                                      | Crowdstrike Holdings Inc CL A                       | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       851 | NS      | $332238.91    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Alignment Healthcare Inc                                      | Alignment Healthcare Inc COM                        | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4000 | NS      | $70480.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                                                   | Pepsico Inc COM                                     | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      1620 | NS      | $251569.80    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                         | FN MA4869                                           | CUSIP: 31418EMT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    156575 | PA      | $158035.87    | 0.06%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                  | ORCL 4 11/15/47                                     | CUSIP: 68389XBQ7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     10000 | PA      | $6619.38      | 0.00%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY CALIF                                              | CA UNVHGR 1.61 05/15/2030                           | CUSIP: 91412HGG2<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |     20000 | PA      | $18150.26     | 0.01%             | 2030-05-15      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                                       | MasterCard Incorporated CL A                        | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      5537 | NS      | $2766617.42   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                      | JBS 6.75 03/15/34                                   | CUSIP: 47214BAC2<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |    443000 | PA      | $486934.53    | 0.19%             | 2034-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4.375 11/30/28                                    | CUSIP: 91282CJN2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    259300 | PA      | $262855.25    | 0.10%             | 2028-11-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.625 11/15/45                                    | CUSIP: 912810UQ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    364600 | PA      | $352351.72    | 0.14%             | 2045-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.875 12/31/29                                    | CUSIP: 91282CGB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    196300 | PA      | $196200.32    | 0.08%             | 2029-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Intuitive Surgical Inc.                                       | Intuitive Surgical Inc. COM NEW                     | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      1425 | NS      | $656910.75    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Florida LLC                                       | DUK 4.85 12/01/35                                   | CUSIP: 26444HAU5<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |     70000 | PA      | $68730.55     | 0.03%             | 2035-12-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FNR 2017-96 PA                                      | CUSIP: 3136B0AP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-O            | USGSE             | US        |    205682 | PA      | $200139.21    | 0.08%             | 2054-12-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 2.375 05/15/51                                    | CUSIP: 912810SX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    251500 | PA      | $157747.48    | 0.06%             | 2051-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Cardinal Health, Inc.                                         | Cardinal Health, Inc. COM                           | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      2685 | NS      | $567367.35    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CASTLELAKE AIRCRAFT STRUCTURED TRUST 2019-1                   | CLAST 2019-1A A                                     | CUSIP: 14855MAA6<br>LEI: 549300MHTIBONNXM3R82 | Long             | ABS-O            | CORP              | US        |     32157 | PA      | $31350.65     | 0.01%             | 2039-04-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Palantir Technologies Inc                                     | Palantir Technologies Inc CL A                      | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      6539 | NS      | $956524.92    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.75 02/15/56                                     | CUSIP: 912810UR7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    360900 | PA      | $352892.53    | 0.14%             | 2056-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust 2018-3Inv                             | FSMT 2018-3INV A3                                   | CUSIP: 33851JAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     51785 | PA      | $48330.42     | 0.02%             | 2048-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Inc                                               | T-Mobile US Inc COM                                 | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      5920 | NS      | $1243377.60   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corp.                                               | Starbucks Corp. COM                                 | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      8775 | NS      | $786152.25    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Energy Solution Ltd.                                       | LGENSO 5.25 04/02/31 144A                           | CUSIP: 50205MAL3<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |    200000 | PA      | $199425.07    | 0.08%             | 2031-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust 2019-6                               | AOMT 2019-6 A1                                      | CUSIP: 03464VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2381 | PA      | $2366.68      | 0.00%             | 2059-11-25      | Variable      | 2.62%                 | No            |                  2 | On Loan: No      |
| Elanco Animal Health Inc                                      | Elanco Animal Health Inc COM                        | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |      9142 | NS      | $218768.06    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                                 | Medtronic PLC USD0.0001                             | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      1590 | NS      | $137773.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Icon PLC                                                      | Icon PLC ORD EUR0.06                                | CUSIP: 000000000<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | IE        |      1532 | NS      | $169531.12    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                                          | JPM V5.103 04/22/31                                 | CUSIP: 46647PEY8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    221000 | PA      | $225027.95    | 0.09%             | 2031-04-22      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.625 10/31/30                                    | CUSIP: 91282CPD7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    484500 | PA      | $478292.34    | 0.19%             | 2030-10-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Autodesk Inc                                                  | Autodesk Inc COM                                    | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      1938 | NS      | $463957.20    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS USA HOLDING LUX SARL                                      | JBS 6.375 04/15/66                                  | CUSIP: 472140AK8<br>LEI: RB8RC03FUD8DSX57C193 | Long             | DBT              | CORP              | LU        |     75000 | PA      | $73353.90     | 0.03%             | 2066-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Packaging Corporation of America                              | Packaging Corporation of America COM                | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |      1504 | NS      | $319178.88    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2017-4                              | TPMT 2017-4 A1                                      | CUSIP: 89173UAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     17883 | PA      | $17576.78     | 0.01%             | 2057-06-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FNMA-30YR                                           | CUSIP: 01F052656<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    145000 | PA      | $145441.80    | 0.06%             | 2056-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.125 08/15/53                                    | CUSIP: 912810TT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    340300 | PA      | $299211.43    | 0.12%             | 2053-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.875 03/15/28                                    | CUSIP: 91282CMS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    409300 | PA      | $409731.68    | 0.16%             | 2028-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fnma Pass-Thru I                                              | FN BZ5029                                           | CUSIP: 3140Q0ST0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    260000 | PA      | $259756.51    | 0.10%             | 2030-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| JBS NV                                                        | JBS 6.4 05/10/57 144A                               | CUSIP: 46590XBC9<br>LEI: 254900JSFON4WL81TW77 | Long             | DBT              | CORP              | NL        |    102000 | PA      | $101568.54    | 0.04%             | 2057-05-10      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| PPG Industries, Inc.                                          | PPG Industries, Inc. COM                            | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      5618 | NS      | $600451.84    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                                           | Stryker Corporation COM                             | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      1055 | NS      | $346662.45    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA1157                                           | CUSIP: 36179NJA7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     11321 | PA      | $10698.50     | 0.00%             | 2043-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Greensaif Pipelines Bidco S.a r.l.                            | GASBCM 6.1027 08/23/42 144A                         | CUSIP: 39541EAE3<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |    300000 | PA      | $298429.93    | 0.12%             | 2042-08-23      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                              | AMZN 5.95 03/13/66                                  | CUSIP: 023135DJ2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75402.46     | 0.03%             | 2066-03-13      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| W.w. Grainger Inc.                                            | W.w. Grainger Inc. COM                              | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |       289 | NS      | $315244.09    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Oak Pipeline LLC                                         | GRYOAK 3.45 10/15/27 144A                           | CUSIP: 38937LAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $24522.68     | 0.01%             | 2027-10-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Blackrock Inc.                                                | Blackrock Inc. COM                                  | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      2034 | NS      | $1956118.14   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortitude Global Funding                                      | FORTRE 4.625 10/06/28 144A                          | CUSIP: 34967GAA2<br>LEI: 635400TKBOGEHNO5RT68 | Long             | DBT              | CORP              | US        |    170000 | PA      | $168242.22    | 0.07%             | 2028-10-06      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| B.A.T. Capital Corporation                                    | BATSLN 5.35 08/15/32                                | CUSIP: 05526DCB9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51305.79     | 0.02%             | 2032-08-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 3.375 08/15/42                                    | CUSIP: 912810TK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    441500 | PA      | $369583.79    | 0.15%             | 2042-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Israel (State Of)                                             | ISRAEL 5.375 03/12/29 5Y                            | CUSIP: 46514BRN9<br>LEI: 213800T8ZHTFZIBYPE21 | Long             | DBT              | NUSS              | IL        |    325000 | PA      | $329615.58    | 0.13%             | 2029-03-12      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Palo Alto Networks Inc                                        | Palo Alto Networks Inc COM                          | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      3713 | NS      | $595268.16    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenon Pharmaceuticals Inc                                     | Xenon Pharmaceuticals Inc COM                       | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |      3946 | NS      | $229459.90    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                                        | CMS Energy Corporation COM                          | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |      8663 | NS      | $672075.54    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey'S General Stores Inc.                                   | Casey'S General Stores Inc. COM                     | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |       442 | NS      | $321714.12    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FN FM9046                                           | CUSIP: 3140XDBQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    116275 | PA      | $104118.94    | 0.04%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HORIZON AIRCRAFT FINANCE III LTD                              | HORZN 2019-2 A                                      | CUSIP: 44040JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | IE        |    114945 | PA      | $111140.98    | 0.04%             | 2039-11-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS2831                                           | CUSIP: 3140XJED1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12241 | PA      | $11763.57     | 0.00%             | 2046-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD1090                                           | CUSIP: 3132DNF73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    419532 | PA      | $344667.10    | 0.14%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GSK plc                                                       | GSK plc SPONSORED ADR                               | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |      8356 | NS      | $461167.64    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                                                  | LivaNova PLC ORD GBP1.00 (DI)                       | CUSIP: 000000000<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |      1525 | NS      | $96929.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                                           | Danaher Corporation COM                             | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      2140 | NS      | $405744.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE SECURITIZATION TRUST 2017-1                           | MST 2017-1A A                                       | CUSIP: 59166BAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     23754 | PA      | $23027.76     | 0.01%             | 2055-04-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN FS1892                                           | CUSIP: 3140XHC62<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6402 | PA      | $6182.23      | 0.00%             | 2049-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.125 08/15/44                                    | CUSIP: 912810UD8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400400 | PA      | $363941.70    | 0.14%             | 2044-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR SD0731                                           | CUSIP: 3132DMY41<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    106348 | PA      | $87192.36     | 0.03%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WHEELS FLEET LEASE FUNDING 1 LLC                              | WFLF 2024-2A A1                                     | CUSIP: 96328GBT3<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |    168884 | PA      | $169810.89    | 0.07%             | 2039-06-21      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| HUB Group Inc                                                 | HUB Group Inc CL A                                  | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3487 | NS      | $125671.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                                        | FANG 3.5 12/01/29                                   | CUSIP: 25278XAN9<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |     88000 | PA      | $84905.70     | 0.03%             | 2029-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co.                                               | Eli Lilly & Co. COM                                 | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2891 | NS      | $2659055.07   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                                                    | DexCom Inc COM                                      | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      5155 | NS      | $323734.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FG C91799                                           | CUSIP: 3128P77L1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     19034 | PA      | $18561.10     | 0.01%             | 2034-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                         | FR RA7784                                           | CUSIP: 3133KPUH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     50090 | PA      | $48331.56     | 0.02%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4 01/31/29                                        | CUSIP: 91282CJW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    680600 | PA      | $683630.79    | 0.27%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                              | PCG 5.2 05/01/36                                    | CUSIP: 694308LA3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9751.97      | 0.00%             | 2036-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 3.25 05/15/42                                     | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     45000 | PA      | $37172.46     | 0.01%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Idex Corporation                                              | Idex Corporation COM                                | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |      2250 | NS      | $426487.50    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                         | FN MA4990                                           | CUSIP: 31418ERL6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    222788 | PA      | $221566.87    | 0.09%             | 2038-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.5 09/30/29                                      | CUSIP: 91282CLN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    479800 | PA      | $474064.89    | 0.19%             | 2029-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4.625 09/30/28                                    | CUSIP: 91282CJA0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     83100 | PA      | $84684.09     | 0.03%             | 2028-09-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Primoris Services Corp.                                       | Primoris Services Corp. COM                         | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      5291 | NS      | $756824.64    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| B.A.T. Capital Corporation                                    | BATSLN 5.625 08/15/35                               | CUSIP: 05526DCC7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    378000 | PA      | $389445.78    | 0.15%             | 2035-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                              | PM 4.25 10/29/32                                    | CUSIP: 718172DZ9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    144000 | PA      | $139409.60    | 0.06%             | 2032-10-29      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FHR 4143 AH                                         | CUSIP: 3137AX6T5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    119928 | PA      | $114062.64    | 0.05%             | 2042-09-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| US Foods Holding Corp                                         | US Foods Holding Corp COM                           | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     16438 | NS      | $1515747.98   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                                            | Vertiv Holdings Co COM CL A                         | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      1201 | NS      | $300946.58    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholar Rock Holding Corp.                                    | Scholar Rock Holding Corp. COM                      | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Long             | EC               | CORP              | US        |       978 | NS      | $48078.48     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CONNECTICUT AVENUE SECURITIES TRUST 2021-R01                  | CAS 2021-R01 1M2                                    | CUSIP: 20754RAB2<br>LEI: N/A                  | Long             | ABS-O            | USGSE             | US        |     30175 | PA      | $30165.32     | 0.01%             | 2041-10-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR RA5287                                           | CUSIP: 3133KL2U0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1641940 | PA      | $1340746.64   | 0.53%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Whistler Pipeline LLC                                         | WHISPI 5.7 09/30/31 144A                            | CUSIP: 96337RAB8<br>LEI: 549300NG57SGLTNW5C85 | Long             | DBT              | CORP              | US        |    139000 | PA      | $142683.52    | 0.06%             | 2031-09-30      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                     | MARS 5.65 05/01/45 144a                             | CUSIP: 571676BB0<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    138000 | PA      | $136495.49    | 0.05%             | 2045-05-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                         | FN MA4269                                           | CUSIP: 31418DW73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     51569 | PA      | $46324.20     | 0.02%             | 2041-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| State Street Spdr S&p 500 Etf Trust                           | State Street Spdr S&p 500 Etf Trust TR UNIT         | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |      1189 | NS      | $773254.26    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Company of Oklahoma                            | AEP 5.45 01/15/36                                   | CUSIP: 744533BS8<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |    230000 | PA      | $231675.32    | 0.09%             | 2036-01-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN CB4566                                           | CUSIP: 3140QQCC7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     34267 | PA      | $33975.32     | 0.01%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Indiana, LLC.                                     | DUK 4.95 03/15/36 DDDD                              | CUSIP: 26443TAG1<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14772.58     | 0.01%             | 2036-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Loar Holdings Inc                                             | Loar Holdings Inc COM SHS                           | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7145 | NS      | $409337.05    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                                  | DoorDash Inc CL A                                   | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |      3889 | NS      | $583933.35    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bonds                                  | T 2.875 05/15/52                                    | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    701700 | PA      | $487900.78    | 0.19%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA7990                                           | CUSIP: 36179W2X5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    131369 | PA      | $124381.95    | 0.05%             | 2052-04-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Providence St Joseph Health                                   | PSJHOG 5.403 10/01/33                               | CUSIP: 743820AC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $183515.09    | 0.07%             | 2033-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                     | GS V4.148 01/21/29                                  | CUSIP: 38145GAP5<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    324000 | PA      | $321992.25    | 0.13%             | 2029-01-21      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 2.75 08/15/47                                     | CUSIP: 912810RY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    320000 | PA      | $226962.50    | 0.09%             | 2047-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR ZT2398                                           | CUSIP: 3132AEUX2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7390 | PA      | $7242.39      | 0.00%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4.125 05/31/32                                    | CUSIP: 91282CNF4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    177300 | PA      | $177826.36    | 0.07%             | 2032-05-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FNMA-15YR                                           | CUSIP: 01F042442<br>LEI: B1V7KEBTPIMZEU4LTD58 | Short            | ABS-MBS          | USGSE             | US        |   -411000 | PA      | $-407644.55   | -0.16%            | 2041-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                      | G2 MA5528                                           | CUSIP: 36179UD90<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9218 | PA      | $8770.93      | 0.00%             | 2048-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOARD OF TRADE OF THE CITY OF CHICAGO, INC.                   | 10-Year T-Note Futures, Jun-2026,ETH                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              | CORP              | US        |         8 | NC      | $1609.41      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FN CB4784                                           | CUSIP: 3140QQJ63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32288 | PA      | $32115.55     | 0.01%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                  | ORCL 5.55 02/06/53                                  | CUSIP: 68389XCQ6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     27000 | PA      | $21574.68     | 0.01%             | 2053-02-06      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4.125 02/15/36                                    | CUSIP: 91282CPZ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2301800 | PA      | $2267632.66   | 0.90%             | 2036-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc                                              | Merck & Co., Inc COM                                | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     14643 | NS      | $1761406.47   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL NATIONAL MORTGAGE ASSOCIATION                         | FN MA4387                                           | CUSIP: 31418D2V3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    243431 | PA      | $212976.26    | 0.08%             | 2041-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RESOURCES CORP                             | CNP 4.85 04/01/36 AR                                | CUSIP: 15189XBL1<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |    217000 | PA      | $212579.05    | 0.08%             | 2036-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                          | JPM V4.912 07/25/33                                 | CUSIP: 46647PDH6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    328000 | PA      | $328556.02    | 0.13%             | 2033-07-25      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                                            | Atmos Energy Corp. COM                              | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |      3230 | NS      | $596645.60    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 4 07/31/29                                        | CUSIP: 91282CLC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    408600 | PA      | $410435.51    | 0.16%             | 2029-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4 12/15/27                                        | CUSIP: 91282CMB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     69500 | PA      | $69681.89     | 0.03%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.625 09/30/30                                    | CUSIP: 91282CPA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    269100 | PA      | $265788.81    | 0.11%             | 2030-09-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                          | JPM V5.14 01/24/31                                  | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    170000 | PA      | $173120.03    | 0.07%             | 2031-01-24      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Wesco International, Inc.                                     | Wesco International, Inc. COM                       | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      2383 | NS      | $652036.46    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bonds                                  | T 2.5 02/15/46                                      | CUSIP: 912810RQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    432000 | PA      | $298687.50    | 0.12%             | 2046-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Mars Inc.                                                     | MARS 5.2 03/01/35 144A                              | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252543.54    | 0.10%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                              | PCG 4.75 02/15/44                                   | CUSIP: 694308HH3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |     75000 | PA      | $62595.82     | 0.02%             | 2044-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                            | TMUS 5.05 07/15/33                                  | CUSIP: 87264ACY9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    140000 | PA      | $141058.96    | 0.06%             | 2033-07-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.375 08/15/43                                    | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    383300 | PA      | $362517.95    | 0.14%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                               | CVS Health Corp COM                                 | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      2970 | NS      | $213305.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                                   | Datadog Inc CL A COM                                | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |      3721 | NS      | $439264.05    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc.                                   | Advanced Micro Devices Inc. COM                     | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      9512 | NS      | $1935026.16   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-8                             | VERUS 2026-R2 A1                                    | CUSIP: 92541GAC1<br>LEI: 213800DTJD5UKJR53O34 | Long             | ABS-O            | CORP              | US        |    195000 | PA      | $194900.00    | 0.08%             | 2067-10-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.625 05/15/44                                    | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    200200 | PA      | $194553.74    | 0.08%             | 2044-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                             | Wells Fargo & Co. COM                               | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     39404 | NS      | $3136952.44   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                  | Oracle Corp. COM                                    | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      3078 | NS      | $452804.58    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bonds                                  | T 3 05/15/47                                        | CUSIP: 912810RX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    355900 | PA      | $265089.89    | 0.11%             | 2047-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4 01/31/33                                        | CUSIP: 91282CPY1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    884800 | PA      | $878440.50    | 0.35%             | 2033-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Amazon.com, Inc.                                              | AMZN 4.875 03/13/36                                 | CUSIP: 023135DF0<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89246.67     | 0.04%             | 2036-03-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Bonds                                  | T 4.75 02/15/45                                     | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    163100 | PA      | $160557.93    | 0.06%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN BS9596                                           | CUSIP: 3140LLUW9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    362000 | PA      | $370900.24    | 0.15%             | 2030-10-01      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Ascendis Pharma A/S                                           | Ascendis Pharma A/S SPONSORED ADR                   | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |       590 | NS      | $134950.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 4.125 03/31/32                                    | CUSIP: 91282CMT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    220000 | PA      | $220850.78    | 0.09%             | 2032-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 3.375 02/29/28                                    | CUSIP: 91282CQB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1254300 | PA      | $1244304.80   | 0.49%             | 2028-02-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                                | CBAAU 5.071 09/14/28 144A                           | CUSIP: 20271AAL1<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |    500000 | PA      | $512523.15    | 0.20%             | 2028-09-14      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                         | FN BE0466                                           | CUSIP: 3140FKQU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    417772 | PA      | $378862.86    | 0.15%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                              | FR RJ0325                                           | CUSIP: 3142GQLF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    365405 | PA      | $378143.40    | 0.15%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| WEA Finance LLC                                               | URWFP 2.875 01/15/27 144A                           | CUSIP: 92928QAH1<br>LEI: 3CYEJKBUJZO3UW777J80 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29628.54     | 0.01%             | 2027-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Everest Group Ltd                                             | Everest Group Ltd COM USD0.01                       | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |      1239 | NS      | $404967.15    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corporation                                   | Ares Management Corporation CL A COM STK            | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     16763 | NS      | $1828843.30   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Memorial Sloan-Kettering Cancer Center                        | MSKCC 2.955 01/01/50 2020                           | CUSIP: 586054AD0<br>LEI: 549300IZ71UAMEHWL382 | Long             | DBT              | CORP              | US        |     20000 | PA      | $13007.97     | 0.01%             | 2050-01-01      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                  | T 4.625 05/31/31                                    | CUSIP: 91282CKU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     90500 | PA      | $93193.79     | 0.04%             | 2031-05-31      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co (The)                                            | Coca-Cola Co (The) COM                              | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     14013 | NS      | $1065688.65   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                  | ORCL 3.95 03/25/51                                  | CUSIP: 68389XCA1<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     46000 | PA      | $29095.02     | 0.01%             | 2051-03-25      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc.                                     | Goldman Sachs Group, Inc. COM                       | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2420 | NS      | $2047295.80   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                                           | Dominion Energy Inc COM                             | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     17222 | NS      | $1064664.04   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                                  | ORCL 5.375 09/27/54                                 | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     25000 | PA      | $19368.79     | 0.01%             | 2054-09-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Companies, Inc.                              | Marsh & McLennan Companies, Inc. COM                | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      6741 | NS      | $1169226.45   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corporation                                 | Boston Scientific Corporation COM                   | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      2519 | NS      | $158067.25    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                         | FN CB0609                                           | CUSIP: 3140QKVB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    470148 | PA      | $399098.19    | 0.16%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Clean Harbors, Inc.                                           | Clean Harbors, Inc. COM                             | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |      3757 | NS      | $1077244.61   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                  | T 4.25 11/15/34                                     | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    462800 | PA      | $462944.63    | 0.18%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc.                                                 | Alphabet Inc. CAP STK CL A                          | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     24092 | NS      | $6927895.52   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-26

**Name of Applicant:** Forethought Variable Insurance Trust

**Signature:** Cameron Jeffreys, CFA

**Name of Signer:** Cameron Jeffreys, CFA

**Title:** Senior Vice President