# EDGAR Filing Document

**Accession Number:** 0000778207
**File Stem:** 0001410368-25-027179
**Filing Date:** 2025-11
**Character Count:** 374598
**Document Hash:** 97f1a8c683a45dfab84e0323937d7bc0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-027179.hdr.sgml**: 20251120

**ACCESSION NUMBER**: 0001410368-25-027179

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251120

**DATE AS OF CHANGE**: 20251120

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04419
- **FILM NUMBER:** 251501200

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

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

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

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

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

## Series and Classes Contracts Data

### Transamerica Janus Balanced VP (Series ID: S000025012)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000074409 | Service      |  |
| C000074410 | Initial      |  |

## Nport-Ex

**Transamerica Janus Balanced VP**

------

**SCHEDULE OF INVESTMENTS**

**At September 30, 2025**

**(unaudited)**

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS - 58.6%**  | **COMMON STOCKS - 58.6%**  | **COMMON STOCKS - 58.6%**  |
| **Aerospace & Defense - 1.3%**  | **Aerospace & Defense - 1.3%**  | **Aerospace & Defense - 1.3%**  |
| General Electric Co. | 25440 | $7652861 |
| Howmet Aerospace, Inc. | 20205 | 3964827 |
|  |  | 11617688 |
| **Banks - 1.8%**  | **Banks - 1.8%**  | **Banks - 1.8%**  |
| JPMorgan Chase & Co. | 35446 | 11180732 |
| PNC Financial Services Group, Inc. | 20939 | 4207273 |
|  |  | 15388005 |
| **Beverages - 0.4%**  | **Beverages - 0.4%**  | **Beverages - 0.4%**  |
| Monster Beverage Corp. <sup>(A)</sup> <br>| 55976 | 3767745 |
| **Biotechnology - 1.5%**  | **Biotechnology - 1.5%**  | **Biotechnology - 1.5%**  |
| AbbVie, Inc. | 25387 | 5878106 |
| Amgen, Inc. | 12611 | 3558824 |
| Vertex Pharmaceuticals, Inc. <sup>(A)</sup> <br>| 9460 | 3704915 |
|  |  | 13141845 |
| **Broadline Retail - 2.9%**  | **Broadline Retail - 2.9%**  | **Broadline Retail - 2.9%**  |
| Amazon.com, Inc. <sup>(A)</sup> <br>| 114595 | 25161624 |
| **Building Products - 0.6%**  | **Building Products - 0.6%**  | **Building Products - 0.6%**  |
| Trane Technologies PLC | 11822 | 4988411 |
| **Capital Markets - 3.2%**  | **Capital Markets - 3.2%**  | **Capital Markets - 3.2%**  |
| Charles Schwab Corp. | 32409 | 3094087 |
| CME Group, Inc. | 17116 | 4624572 |
| Goldman Sachs Group, Inc. | 7927 | 6312667 |
| Intercontinental Exchange, Inc. | 29291 | 4934948 |
| Moody's Corp. | 4703 | 2240885 |
| Morgan Stanley | 42332 | 6729095 |
|  |  | 27936254 |
| **Chemicals - 0.3%**  | **Chemicals - 0.3%**  | **Chemicals - 0.3%**  |
| Corteva, Inc. | 34926 | 2362045 |
| **Communications Equipment - 0.4%**  | **Communications Equipment - 0.4%**  | **Communications Equipment - 0.4%**  |
| Motorola Solutions, Inc. | 6861 | 3137467 |
| **Consumer Finance - 1.5%**  | **Consumer Finance - 1.5%**  | **Consumer Finance - 1.5%**  |
| American Express Co. | 38563 | 12809086 |
| **Consumer Staples Distribution & Retail - 0.5%**  | **Consumer Staples Distribution & Retail - 0.5%**  | **Consumer Staples Distribution & Retail - 0.5%**  |
| Costco Wholesale Corp. | 4258 | 3941333 |
| **Electrical Equipment - 0.7%**  | **Electrical Equipment - 0.7%**  | **Electrical Equipment - 0.7%**  |
| Eaton Corp. PLC | 15300 | 5726025 |
| **Electronic Equipment, Instruments & Components - 0.8%**  | **Electronic Equipment, Instruments & Components - 0.8%**  | **Electronic Equipment, Instruments & Components - 0.8%**  |
| Amphenol Corp., Class A | 56136 | 6946830 |
| **Entertainment - 1.9%**  | **Entertainment - 1.9%**  | **Entertainment - 1.9%**  |
| Netflix, Inc. <sup>(A)</sup> <br>| 6896 | 8267752 |
| Walt Disney Co. | 71980 | 8241710 |
|  |  | 16509462 |
| **Financial Services - 2.1%**  | **Financial Services - 2.1%**  | **Financial Services - 2.1%**  |
| Mastercard, Inc., Class A | 32534 | 18505664 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |
| **Ground Transportation - 1.1%**  | **Ground Transportation - 1.1%**  | **Ground Transportation - 1.1%**  |
| Uber Technologies, Inc. <sup>(A)</sup> <br>| 65871 | $6453382 |
| Union Pacific Corp. | 14007 | 3310834 |
|  |  | 9764216 |
| **Health Care Equipment & Supplies - 1.5%**  | **Health Care Equipment & Supplies - 1.5%**  | **Health Care Equipment & Supplies - 1.5%**  |
| Abbott Laboratories | 38879 | 5207453 |
| Intuitive Surgical, Inc. <sup>(A)</sup> <br>| 9037 | 4041617 |
| Stryker Corp. | 11622 | 4296305 |
|  |  | 13545375 |
| **Health Care Providers & Services - 0.4%**  | **Health Care Providers & Services - 0.4%**  | **Health Care Providers & Services - 0.4%**  |
| HCA Healthcare, Inc. | 8800 | 3750560 |
| **Hotels, Restaurants & Leisure - 2.1%**  | **Hotels, Restaurants & Leisure - 2.1%**  | **Hotels, Restaurants & Leisure - 2.1%**  |
| Booking Holdings, Inc. | 1501 | 8104304 |
| Hilton Worldwide Holdings, Inc. | 16517 | 4285170 |
| Royal Caribbean Cruises Ltd. | 18353 | 5938664 |
|  |  | 18328138 |
| **Independent Power & Renewable Electricity Producers - 0.3%**  | **Independent Power & Renewable Electricity Producers - 0.3%**  | **Independent Power & Renewable Electricity Producers - 0.3%**  |
| Vistra Corp. | 12791 | 2506013 |
| **Insurance - 1.4%**  | **Insurance - 1.4%**  | **Insurance - 1.4%**  |
| Marsh & McLennan Cos., Inc. | 15725 | 3169059 |
| Progressive Corp. | 38440 | 9492758 |
|  |  | 12661817 |
| **Interactive Media & Services - 5.2%**  | **Interactive Media & Services - 5.2%**  | **Interactive Media & Services - 5.2%**  |
| Alphabet, Inc., Class C | 112686 | 27444675 |
| Meta Platforms, Inc., Class A | 24270 | 17823403 |
|  |  | 45268078 |
| **IT Services - 0.3%**  | **IT Services - 0.3%**  | **IT Services - 0.3%**  |
| Accenture PLC, Class A | 11545 | 2846997 |
| **Life Sciences Tools & Services - 1.1%**  | **Life Sciences Tools & Services - 1.1%**  | **Life Sciences Tools & Services - 1.1%**  |
| Danaher Corp. | 23596 | 4678143 |
| Thermo Fisher Scientific, Inc. | 10869 | 5271682 |
|  |  | 9949825 |
| **Machinery - 0.3%**  | **Machinery - 0.3%**  | **Machinery - 0.3%**  |
| Deere & Co. | 5737 | 2623301 |
| **Oil, Gas & Consumable Fuels - 0.7%**  | **Oil, Gas & Consumable Fuels - 0.7%**  | **Oil, Gas & Consumable Fuels - 0.7%**  |
| Chevron Corp. | 36875 | 5726319 |
| **Pharmaceuticals - 2.1%**  | **Pharmaceuticals - 2.1%**  | **Pharmaceuticals - 2.1%**  |
| Eli Lilly & Co. | 12877 | 9825151 |
| Johnson & Johnson | 31700 | 5877814 |
| Zoetis, Inc. | 20093 | 2940008 |
|  |  | 18642973 |
| **Professional Services - 0.3%**  | **Professional Services - 0.3%**  | **Professional Services - 0.3%**  |
| Automatic Data Processing, Inc. | 9352 | 2744812 |
| **Semiconductors & Semiconductor Equipment - 9.7%**  | **Semiconductors & Semiconductor Equipment - 9.7%**  | **Semiconductors & Semiconductor Equipment - 9.7%**  |
| Broadcom, Inc. | 58460 | 19286539 |
| KLA Corp. | 6688 | 7213677 |

---

**Transamerica Series Trust**

**Page 1**

------

**Transamerica Janus Balanced VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** | **COMMON STOCKS (continued)** |
| **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** | **Semiconductors & Semiconductor Equipment (continued)** |
| Lam Research Corp. | 51346 | $6875229 |
| NVIDIA Corp. | 277673 | 51808228 |
|  |  | 85183673 |
| **Software - 7.5%**  | **Software - 7.5%**  | **Software - 7.5%**  |
| Adobe, Inc. <sup>(A)</sup> <br>| 6894 | 2431859 |
| Cadence Design Systems, Inc. <sup>(A)</sup> <br>| 11828 | 4154703 |
| Intuit, Inc. | 7217 | 4928561 |
| Microsoft Corp. | 84796 | 43920088 |
| Oracle Corp. | 19801 | 5568833 |
| ServiceNow, Inc. <sup>(A)</sup> <br>| 5020 | 4619806 |
|  |  | 65623850 |
| **Specialty Retail - 1.2%**  | **Specialty Retail - 1.2%**  | **Specialty Retail - 1.2%**  |
| Home Depot, Inc. | 16308 | 6607839 |
| TJX Cos., Inc. | 23980 | 3466069 |
|  |  | 10073908 |
| **Technology Hardware, Storage & Peripherals - 2.6%**  | **Technology Hardware, Storage & Peripherals - 2.6%**  | **Technology Hardware, Storage & Peripherals - 2.6%**  |
| Apple, Inc. | 90879 | 23140520 |
| **Textiles, Apparel & Luxury Goods - 0.5%**  | **Textiles, Apparel & Luxury Goods - 0.5%**  | **Textiles, Apparel & Luxury Goods - 0.5%**  |
| NIKE, Inc., Class B | 61152 | 4264129 |
| **Tobacco - 0.4%**  | **Tobacco - 0.4%**  | **Tobacco - 0.4%**  |
| Philip Morris International, Inc. | 23504 | 3812349 |
| &nbsp;&nbsp; **Total Common Stocks** <br>**(Cost $295,325,174)**<br>|  | 512396337 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES - 11.8%**  | **CORPORATE DEBT SECURITIES - 11.8%**  | **CORPORATE DEBT SECURITIES - 11.8%**  |
| **Aerospace & Defense - 0.2%**  | **Aerospace & Defense - 0.2%**  | **Aerospace & Defense - 0.2%**  |
| Embraer Netherlands Finance BV |  |  |
| 5.40%, 01/09/2038 <sup>(B)</sup> <br>| $891000 | 887106 |
| TransDigm, Inc. |  |  |
| 6.25%, 01/31/2034 <sup>(C)</sup><sup>(D)</sup> <br>| 108000 | 111069 |
| 6.75%, 01/31/2034 <sup>(C)</sup> <br>| 371000 | 383599 |
|  |  | 1381774 |
| **Automobile Components - 0.0% \*** | **Automobile Components - 0.0% \*** | **Automobile Components - 0.0% \*** |
| Qnity Electronics, Inc. |  |  |
| 5.75%, 08/15/2032 <sup>(C)</sup> <br>| 361000 | 363753 |
| **Automobiles - 0.1%**  | **Automobiles - 0.1%**  | **Automobiles - 0.1%**  |
| Ford Motor Credit Co. LLC |  |  |
| 7.12%, 11/07/2033 | 474000 | 506647 |
| General Motors Co. |  |  |
| 6.25%, 04/15/2035 | 420000 | 441720 |
|  |  | 948367 |
| **Banks - 2.1%**  | **Banks - 2.1%**  | **Banks - 2.1%**  |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/12/2035, <br>5.74% <sup>(E)</sup>, 02/12/2036<br>| 2959000 | 3074308 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/15/2033, <br>5.87% <sup>(E)</sup>, 09/15/2034<br>| 799000 | 856133 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/11/2030, <br>4.50% <sup>(E)</sup>, 09/11/2031<br>| $346000 | $346187 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/11/2035, <br>5.17% <sup>(E)</sup>, 09/11/2036<br>| 298000 | 301024 |
| &nbsp;&nbsp;&nbsp; Fixed until 02/13/2034, <br>5.83% <sup>(E)</sup>, 02/13/2035<br>| 2098000 | 2175944 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/28/2035, <br>5.54% <sup>(E)</sup>, 01/28/2036<br>| 830000 | 866391 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/24/2035, <br>5.50% <sup>(E)</sup>, 01/24/2036<br>| 761000 | 796165 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/21/2032, <br>2.94% <sup>(E)</sup>, 01/21/2033<br>| 676000 | 614588 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/19/2034, <br>5.32% <sup>(E)</sup>, 07/19/2035<br>| 968000 | 998829 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/21/2033, <br>5.42% <sup>(E)</sup>, 07/21/2034<br>| 774000 | 806432 |
| National Australia Bank Ltd. |  |  |
| 2.99%, 05/21/2031 <sup>(C)</sup> <br>| 1103000 | 1006070 |
| PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/29/2030, <br>5.22% <sup>(E)</sup>, 01/29/2031<br>| 281000 | 290335 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/23/2034, <br>5.40% <sup>(E)</sup>, 07/23/2035<br>| 910000 | 941977 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/29/2035, <br>5.58% <sup>(E)</sup>, 01/29/2036<br>| 395000 | 412144 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/20/2033, <br>6.88% <sup>(E)</sup>, 10/20/2034<br>| 950000 | 1076305 |
| Societe Generale SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 04/13/2032, <br>6.10% <sup>(E)</sup>, 04/13/2033 <sup>(C)</sup> <br>| 1300000 | 1370055 |
| U.S. Bancorp |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/03/2031, <br>2.49% <sup>(E)</sup>, 11/03/2036<br>| 857000 | 738821 |
| &nbsp;&nbsp;&nbsp; Fixed until 02/12/2030, <br>5.05% <sup>(E)</sup>, 02/12/2031<br>| 783000 | 803070 |
| &nbsp;&nbsp;&nbsp; Fixed until 02/12/2035, <br>5.42% <sup>(E)</sup>, 02/12/2036<br>| 862000 | 892552 |
|  |  | 18367330 |
| **Biotechnology - 0.1%**  | **Biotechnology - 0.1%**  | **Biotechnology - 0.1%**  |
| Royalty Pharma PLC |  |  |
| 3.55%, 09/02/2050 | 782000 | 549411 |
| **Building Products - 0.1%**  | **Building Products - 0.1%**  | **Building Products - 0.1%**  |
| Quikrete Holdings, Inc. |  |  |
| 6.38%, 03/01/2032 <sup>(C)</sup> <br>| 608000 | 629793 |
| **Capital Markets - 0.1%**  | **Capital Markets - 0.1%**  | **Capital Markets - 0.1%**  |
| Blackstone Private Credit Fund |  |  |
| 7.30%, 11/27/2028 | 604000 | 645176 |
| Blue Owl Credit Income Corp. |  |  |
| 4.70%, 02/08/2027 | 113000 | 112805 |
| 7.95%, 06/13/2028 | 371000 | 397377 |
|  |  | 1155358 |

---

**Transamerica Series Trust**

**Page 2**

------

**Transamerica Janus Balanced VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Containers & Packaging - 0.2%**  | **Containers & Packaging - 0.2%**  | **Containers & Packaging - 0.2%**  |
| Berry Global, Inc. |  |  |
| 5.65%, 01/15/2034 | $224000 | $233395 |
| 5.80%, 06/15/2031 | 1309000 | 1383996 |
|  |  | 1617391 |
| **Diversified REITs - 0.3%**  | **Diversified REITs - 0.3%**  | **Diversified REITs - 0.3%**  |
| American Tower Trust #1 |  |  |
| 5.49%, 03/15/2053 <sup>(C)</sup> <br>| 1406000 | 1431439 |
| GLP Capital LP/GLP Financing II, Inc. |  |  |
| 5.30%, 01/15/2029 | 73000 | 74335 |
| 5.63%, 09/15/2034 | 1220000 | 1234791 |
|  |  | 2740565 |
| **Electric Utilities - 0.8%**  | **Electric Utilities - 0.8%**  | **Electric Utilities - 0.8%**  |
| American Electric Power Co., Inc. |  |  |
| 5.63%, 03/01/2033 | 893000 | 938717 |
| Duke Energy Corp. |  |  |
| 5.45%, 06/15/2034 <sup>(D)</sup> <br>| 1332000 | 1385477 |
| Duquesne Light Holdings, Inc. |  |  |
| 2.78%, 01/07/2032 <sup>(C)</sup> <br>| 642000 | 568695 |
| Exelon Corp. |  |  |
| 5.45%, 03/15/2034 | 679000 | 704733 |
| National Grid PLC |  |  |
| 5.81%, 06/12/2033 | 672000 | 716388 |
| NRG Energy, Inc. |  |  |
| 4.73%, 10/15/2030 <sup>(B)</sup><sup>(C)</sup> <br>| 760000 | 759759 |
| 5.41%, 10/15/2035 <sup>(B)</sup><sup>(C)</sup> <br>| 519000 | 520765 |
| 5.75%, 01/15/2034 <sup>(B)</sup><sup>(C)</sup> <br>| 409000 | 408583 |
| 6.00%, 01/15/2036 <sup>(B)</sup><sup>(C)</sup> <br>| 767000 | 767110 |
| Xcel Energy, Inc. |  |  |
| 5.60%, 04/15/2035 | 438000 | 454047 |
|  |  | 7224274 |
| **Financial Services - 1.6%**  | **Financial Services - 1.6%**  | **Financial Services - 1.6%**  |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/20/2032, <br>4.92% <sup>(E)</sup>, 07/20/2033<br>| 865000 | 880058 |
| Blue Owl Finance LLC |  |  |
| 6.25%, 04/18/2034 | 960000 | 1006775 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 02/01/2029, <br>5.70% <sup>(E)</sup>, 02/01/2030<br>| 214000 | 222178 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/26/2034, <br>5.88% <sup>(E)</sup>, 07/26/2035<br>| 944000 | 990046 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/30/2035, <br>6.18% <sup>(E)</sup>, 01/30/2036<br>| 688000 | 713700 |
| &nbsp;&nbsp;&nbsp; Fixed until 06/08/2028, <br>6.31% <sup>(E)</sup>, 06/08/2029<br>| 388000 | 407017 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/30/2030, <br>7.62% <sup>(E)</sup>, 10/30/2031<br>| 726000 | 821101 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/02/2033, <br>7.96% <sup>(E)</sup>, 11/02/2034<br>| 1157000 | 1367957 |
| Citadel Securities Global Holdings LLC |  |  |
| 5.50%, 06/18/2030 <sup>(C)</sup> <br>| 384000 | 394122 |
| 6.20%, 06/18/2035 <sup>(C)</sup> <br>| 250000 | 262619 |
| Jane Street Group/JSG Finance, Inc. |  |  |
| 6.13%, 11/01/2032 <sup>(C)</sup> <br>| 1326000 | 1343979 |
| 7.13%, 04/30/2031 <sup>(C)</sup> <br>| 528000 | 553815 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** |
| LPL Holdings, Inc. |  |  |
| 5.15%, 06/15/2030 | $490000 | $498725 |
| 5.75%, 06/15/2035 | 608000 | 623468 |
| 6.00%, 05/20/2034 <sup>(D)</sup> <br>| 787000 | 822318 |
| Nasdaq, Inc. |  |  |
| 5.55%, 02/15/2034 | 1295000 | 1359737 |
| Rocket Cos., Inc. |  |  |
| 6.13%, 08/01/2030 <sup>(C)</sup> <br>| 374000 | 383844 |
| 6.38%, 08/01/2033 <sup>(C)</sup> <br>| 1565000 | 1615258 |
|  |  | 14266717 |
| **Health Care Equipment & Supplies - 0.4%**  | **Health Care Equipment & Supplies - 0.4%**  | **Health Care Equipment & Supplies - 0.4%**  |
| Solventum Corp. |  |  |
| 5.45%, 03/13/2031 | 1292000 | 1347300 |
| 5.60%, 03/23/2034 | 1703000 | 1773043 |
|  |  | 3120343 |
| **Health Care Providers & Services - 0.6%**  | **Health Care Providers & Services - 0.6%**  | **Health Care Providers & Services - 0.6%**  |
| Elevance Health, Inc. |  |  |
| 5.20%, 02/15/2035 | 499000 | 508572 |
| HCA, Inc. |  |  |
| 3.63%, 03/15/2032 | 450000 | 422168 |
| 5.60%, 04/01/2034 | 690000 | 716278 |
| Health Care Service Corp. A Mutual Legal <br> Reserve Co. |  |  |
| 2.20%, 06/01/2030 <sup>(C)</sup> <br>| 510000 | 461086 |
| 5.20%, 06/15/2029 <sup>(C)</sup> <br>| 575000 | 590699 |
| 5.45%, 06/15/2034 <sup>(C)</sup> <br>| 1297000 | 1332019 |
| Humana, Inc. |  |  |
| 5.88%, 03/01/2033 | 220000 | 231463 |
| 5.95%, 03/15/2034 | 544000 | 572158 |
| Universal Health Services, Inc. |  |  |
| 2.65%, 10/15/2030 | 163000 | 147159 |
|  |  | 4981602 |
| **Hotels, Restaurants & Leisure - 0.4%**  | **Hotels, Restaurants & Leisure - 0.4%**  | **Hotels, Restaurants & Leisure - 0.4%**  |
| Carnival Corp. |  |  |
| 5.75%, 08/01/2032 <sup>(C)</sup> <br>| 670000 | 681844 |
| Flutter Treasury DAC |  |  |
| 5.88%, 06/04/2031 <sup>(C)</sup> <br>| 389000 | 394843 |
| NCL Corp. Ltd. |  |  |
| 5.88%, 01/15/2031 <sup>(C)</sup> <br>| 1355000 | 1354949 |
| 6.25%, 09/15/2033 <sup>(C)</sup> <br>| 840000 | 844348 |
|  |  | 3275984 |
| **Insurance - 0.5%**  | **Insurance - 0.5%**  | **Insurance - 0.5%**  |
| Aon North America, Inc. |  |  |
| 5.45%, 03/01/2034 | 1584000 | 1650060 |
| Arthur J Gallagher & Co. |  |  |
| 5.00%, 02/15/2032 | 124000 | 126514 |
| 5.15%, 02/15/2035 | 309000 | 312653 |
| 6.50%, 02/15/2034 | 427000 | 473452 |
| Athene Global Funding |  |  |
| 2.65%, 10/04/2031 <sup>(C)</sup> <br>| 712000 | 634123 |
| Brown & Brown, Inc. |  |  |
| 4.90%, 06/23/2030 | 206000 | 208768 |
| 4.95%, 03/17/2052 | 845000 | 744237 |

---

**Transamerica Series Trust**

**Page 3**

------

**Transamerica Janus Balanced VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Insurance (continued)** | **Insurance (continued)** | **Insurance (continued)** |
| Brown & Brown, Inc. (continued) |  |  |
| 5.25%, 06/23/2032 | $91000 | $93304 |
| 5.55%, 06/23/2035 | 96000 | 98751 |
|  |  | 4341862 |
| **Internet & Catalog Retail - 0.2%**  | **Internet & Catalog Retail - 0.2%**  | **Internet & Catalog Retail - 0.2%**  |
| AppLovin Corp. |  |  |
| 5.38%, 12/01/2031 | 721000 | 745857 |
| 5.50%, 12/01/2034 | 831000 | 857797 |
|  |  | 1603654 |
| **IT Services - 0.3%**  | **IT Services - 0.3%**  | **IT Services - 0.3%**  |
| Booz Allen Hamilton, Inc. |  |  |
| 5.95%, 08/04/2033 - 04/15/2035 <sup>(D)</sup> <br>| 2174000 | 2273534 |
| CACI International, Inc. |  |  |
| 6.38%, 06/15/2033 <sup>(C)</sup> <br>| 319000 | 329065 |
|  |  | 2602599 |
| **Media - 0.2%**  | **Media - 0.2%**  | **Media - 0.2%**  |
| &nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter Communications <br>Operating Capital |  |  |
| 6.65%, 02/01/2034 | 1852000 | 1979042 |
| **Oil, Gas & Consumable Fuels - 1.4%**  | **Oil, Gas & Consumable Fuels - 1.4%**  | **Oil, Gas & Consumable Fuels - 1.4%**  |
| Cheniere Energy, Inc. |  |  |
| 5.65%, 04/15/2034 | 888000 | 915386 |
| Civitas Resources, Inc. |  |  |
| 8.63%, 11/01/2030 <sup>(C)</sup> <br>| 204000 | 211276 |
| 8.75%, 07/01/2031 <sup>(C)</sup> <br>| 378000 | 387265 |
| 9.63%, 06/15/2033 <sup>(C)</sup> <br>| 732000 | 773144 |
| Columbia Pipelines Operating Co. LLC |  |  |
| 6.04%, 11/15/2033 <sup>(C)</sup> <br>| 510000 | 544189 |
| 6.50%, 08/15/2043 <sup>(C)</sup> <br>| 103000 | 109854 |
| 6.54%, 11/15/2053 <sup>(C)</sup> <br>| 532000 | 570656 |
| DT Midstream, Inc. |  |  |
| 4.13%, 06/15/2029 <sup>(C)</sup> <br>| 959000 | 935662 |
| 4.30%, 04/15/2032 <sup>(C)</sup> <br>| 288000 | 275459 |
| 4.38%, 06/15/2031 <sup>(C)</sup> <br>| 1628000 | 1573355 |
| Hess Midstream Operations LP |  |  |
| 5.13%, 06/15/2028 <sup>(C)</sup> <br>| 460000 | 459480 |
| Occidental Petroleum Corp. |  |  |
| 5.20%, 08/01/2029 | 371000 | 376453 |
| 5.38%, 01/01/2032 | 852000 | 866469 |
| 6.13%, 01/01/2031 | 534000 | 562497 |
| 6.63%, 09/01/2030 | 296000 | 317141 |
| 8.88%, 07/15/2030 | 420000 | 485242 |
| Sunoco LP |  |  |
| 5.63%, 03/15/2031 <sup>(C)</sup> <br>| 286000 | 283890 |
| 5.88%, 03/15/2034 <sup>(C)</sup> <br>| 485000 | 480801 |
| 7.00%, 05/01/2029 <sup>(C)</sup> <br>| 908000 | 940149 |
| 7.25%, 05/01/2032 <sup>(C)</sup> <br>| 512000 | 537334 |
| Viper Energy Partners LLC |  |  |
| 4.90%, 08/01/2030 | 231000 | 232722 |
| 5.70%, 08/01/2035 | 614000 | 624266 |
|  |  | 12462690 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Pharmaceuticals - 0.8%**  | **Pharmaceuticals - 0.8%**  | **Pharmaceuticals - 0.8%**  |
| CVS Health Corp. |  |  |
| 4.78%, 03/25/2038 | $1214000 | $1137806 |
| 5.00%, 09/15/2032 | 299000 | 302659 |
| 5.25%, 02/21/2033 | 109000 | 111523 |
| 5.45%, 09/15/2035 | 531000 | 540347 |
| 5.70%, 06/01/2034 | 561000 | 585429 |
| 6.20%, 09/15/2055 | 308000 | 317003 |
| Organon & Co./Organon Foreign Debt Co-<br> Issuer BV |  |  |
| 6.75%, 05/15/2034 <sup>(C)</sup> <br>| 653000 | 626153 |
| 7.88%, 05/15/2034 <sup>(C)</sup> <br>| 869000 | 805043 |
| Teva Pharmaceutical Finance Co. LLC |  |  |
| 6.15%, 02/01/2036 | 311000 | 325642 |
| Teva Pharmaceutical Finance Netherlands <br> III BV |  |  |
| 6.00%, 12/01/2032 | 1136000 | 1183128 |
| Teva Pharmaceutical Finance Netherlands <br> IV BV |  |  |
| 5.75%, 12/01/2030 | 896000 | 922798 |
|  |  | 6857531 |
| **Real Estate Management & Development - 0.1%**  | **Real Estate Management & Development - 0.1%**  | **Real Estate Management & Development - 0.1%**  |
| CBRE Services, Inc. |  |  |
| 5.95%, 08/15/2034 | 1245000 | 1327962 |
| **Semiconductors & Semiconductor Equipment - 0.7%**  | **Semiconductors & Semiconductor Equipment - 0.7%**  | **Semiconductors & Semiconductor Equipment - 0.7%**  |
| Broadcom, Inc. |  |  |
| 4.80%, 02/15/2036 | 1221000 | 1217275 |
| 4.90%, 07/15/2032 - 02/15/2038 | 1344000 | 1350121 |
| 5.20%, 07/15/2035 | 1100000 | 1133661 |
| Foundry JV Holdco LLC |  |  |
| 5.88%, 01/25/2034 <sup>(C)</sup> <br>| 741000 | 771949 |
| Intel Corp. |  |  |
| 2.45%, 11/15/2029 | 244000 | 226584 |
| Marvell Technology, Inc. |  |  |
| 4.75%, 07/15/2030 | 272000 | 275543 |
| 5.45%, 07/15/2035 | 710000 | 731963 |
|  |  | 5707096 |
| **Software - 0.6%**  | **Software - 0.6%**  | **Software - 0.6%**  |
| Cadence Design Systems, Inc. |  |  |
| 4.70%, 09/10/2034 | 540000 | 539128 |
| Constellation Software, Inc. |  |  |
| 5.46%, 02/16/2034 <sup>(C)</sup> <br>| 744000 | 760043 |
| MSCI, Inc. |  |  |
| 3.63%, 09/01/2030 <sup>(C)</sup> <br>| 992000 | 946823 |
| 3.88%, 02/15/2031 <sup>(C)</sup> <br>| 962000 | 921731 |
| 4.00%, 11/15/2029 <sup>(C)</sup> <br>| 184000 | 179768 |
| Oracle Corp. |  |  |
| 4.45%, 09/26/2030 | 265000 | 264870 |
| 4.80%, 09/26/2032 | 536000 | 536645 |
| 5.20%, 09/26/2035 | 263000 | 264448 |
| 5.95%, 09/26/2055 | 251000 | 250228 |

---

**Transamerica Series Trust**

**Page 4**

------

**Transamerica Janus Balanced VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Synopsys, Inc. |  |  |
| 5.00%, 04/01/2032 | $542000 | $553868 |
|  |  | 5217552 |
| &nbsp;&nbsp; **Total Corporate Debt Securities** <br>**(Cost $100,531,767)**<br>|  | 102722650 |
| **U.S. GOVERNMENT AGENCY OBLIGATIONS - 8.0%**  | **U.S. GOVERNMENT AGENCY OBLIGATIONS - 8.0%**  | **U.S. GOVERNMENT AGENCY OBLIGATIONS - 8.0%**  |
| BAMLL Re-REMICS Trust |  |  |
| 1.05% <sup>(E)</sup>, 11/27/2048 <sup>(C)</sup> <br>| 155000 | 150913 |
| 1.12% <sup>(E)</sup>, 11/27/2048 <sup>(C)</sup> <br>| 130000 | 126971 |
| Federal Home Loan Mortgage Corp. |  |  |
| 2.50%, 12/01/2033 - 05/01/2052 | 8471402 | 7379978 |
| 3.00%, 05/01/2031 - 06/01/2052 | 1461215 | 1356388 |
| 3.50%, 07/01/2046 - 06/01/2052 | 706688 | 656471 |
| 4.00%, 03/01/2047 - 03/01/2050 | 989511 | 950954 |
| 4.50%, 03/01/2048 - 03/01/2052 | 1401524 | 1372711 |
| 5.00%, 09/01/2048 - 06/01/2053 | 1307333 | 1308155 |
| 5.50%, 09/01/2052 - 12/01/2054 | 2669181 | 2712663 |
| 6.00%, 04/01/2040 - 04/01/2054 | 2245084 | 2326224 |
| 6.50%, 11/01/2053 | 553823 | 588714 |
| Federal Home Loan Mortgage Corp. <br> STACR REMICS Trust |  |  |
| 1-Month SOFR Average + 0.85%, |  |  |
| 5.21% <sup>(E)</sup>, 11/25/2041 <sup>(C)</sup> <br>| 109340 | 109273 |
| 1-Month SOFR Average + 0.95%, |  |  |
| 5.31% <sup>(E)</sup>, 12/25/2041 <sup>(C)</sup> <br>| 534603 | 534769 |
| 1-Month SOFR Average + 1.05%, |  |  |
| 5.41% <sup>(E)</sup>, 01/25/2045 <sup>(C)</sup> <br>| 255247 | 255089 |
| 1-Month SOFR Average + 1.10%, |  |  |
| 5.47% <sup>(E)</sup>, 09/25/2045 <sup>(C)</sup> <br>| 175000 | 175109 |
| 1-Month SOFR Average + 1.15%, |  |  |
| 5.51% <sup>(E)</sup>, 02/25/2045 <sup>(C)</sup> <br>| 612700 | 612698 |
| 1-Month SOFR Average + 1.20%, |  |  |
| 5.56% <sup>(E)</sup>, 05/25/2045 <sup>(C)</sup> <br>| 151841 | 152043 |
| 1-Month SOFR Average + 1.30%, |  |  |
| 5.66% <sup>(E)</sup>, 02/25/2042 <sup>(C)</sup> <br>| 53711 | 53711 |
| 1-Month SOFR Average + 1.50%, |  |  |
| 5.86% <sup>(E)</sup>, 10/25/2041 <sup>(C)</sup> <br>| 165087 | 165526 |
| 1-Month SOFR Average + 1.85%, |  |  |
| 6.21% <sup>(E)</sup>, 11/25/2043 <sup>(C)</sup> <br>| 221985 | 223298 |
| 1-Month SOFR Average + 2.00%, |  |  |
| 6.36% <sup>(E)</sup>, 06/25/2043 <sup>(C)</sup> <br>| 22298 | 22397 |
| 1-Month SOFR Average + 2.10%, |  |  |
| 6.45% <sup>(E)</sup>, 04/25/2043 <sup>(C)</sup> <br>| 164205 | 166459 |
| 6.46% <sup>(E)</sup>, 09/25/2041 <sup>(C)</sup> <br>| 194114 | 195145 |
| 1-Month SOFR Average + 2.30%, |  |  |
| 6.66% <sup>(E)</sup>, 08/25/2042 <sup>(C)</sup> <br>| 157194 | 159529 |
| 1-Month SOFR Average + 2.35%, |  |  |
| 6.71% <sup>(E)</sup>, 12/25/2041 <sup>(C)</sup> <br>| 258132 | 260713 |
| Federal National Mortgage Association |  |  |
| 2.00%, 07/01/2051 | 203658 | 165370 |
| 2.50%, 11/01/2034 - 03/01/2062 | 16583859 | 14184039 |
| 3.00%, 10/01/2034 - 06/01/2057 | 4794876 | 4273445 |
| 3.50%, 08/01/2047 - 08/01/2056 | 5314143 | 4927684 |
| 4.00%, 05/01/2045 - 05/01/2052 | 906502 | 871266 |
| 4.50%, 11/01/2042 - 08/01/2053 | 2806374 | 2747803 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** |
| &nbsp;&nbsp; Federal National Mortgage <br> Association (continued)<br>|  |  |
| 5.00%, 07/01/2044 - 08/01/2053 | $994713 | $999736 |
| 5.50%, 06/01/2053 - 03/01/2054 | 1873668 | 1919259 |
| 6.00%, 02/01/2037 - 04/01/2054 | 1074487 | 1119620 |
| Federal National Mortgage Association <br> Connecticut Avenue Securities Trust |  |  |
| 1-Month SOFR Average + 1.10%, |  |  |
| 5.46% <sup>(E)</sup>, 01/25/2045 <sup>(C)</sup> <br>| 129173 | 129213 |
| 1-Month SOFR Average + 1.15%, |  |  |
| 5.51% <sup>(E)</sup>, 03/25/2044 - 02/25/2045 <sup>(C)</sup> <br>| 386092 | 386136 |
| 1-Month SOFR Average + 1.20%, |  |  |
| 5.56% <sup>(E)</sup>, 07/25/2045 <sup>(C)</sup> <br>| 338398 | 339425 |
| 1-Month SOFR Average + 1.50%, |  |  |
| 5.86% <sup>(E)</sup>, 10/25/2043 <sup>(C)</sup> <br>| 223246 | 223455 |
| 1-Month SOFR Average + 1.65%, |  |  |
| 6.01% <sup>(E)</sup>, 12/25/2041 <sup>(C)</sup> <br>| 496000 | 498247 |
| 1-Month SOFR Average + 1.70%, |  |  |
| 6.06% <sup>(E)</sup>, 07/25/2043 <sup>(C)</sup> <br>| 260432 | 261244 |
| 1-Month SOFR Average + 2.00%, |  |  |
| 6.36% <sup>(E)</sup>, 11/25/2041 <sup>(C)</sup> <br>| 1348574 | 1364798 |
| 1-Month SOFR Average + 2.30%, |  |  |
| 6.66% <sup>(E)</sup>, 05/25/2043 <sup>(C)</sup> <br>| 385453 | 393405 |
| 1-Month SOFR Average + 3.00%, |  |  |
| 7.36% <sup>(E)</sup>, 01/25/2042 - 04/25/2042 <sup>(C)</sup> <br>| 903000 | 923759 |
| Federal National Mortgage Association <br> REMICS |  |  |
| 3.00%, 05/25/2048 - 11/25/2049 | 851607 | 768178 |
| Government National Mortgage <br> Association |  |  |
| 2.50%, 03/20/2051 - 01/20/2052 | 2458279 | 2107869 |
| 3.00%, 11/20/2046 - 08/20/2051 | 4612089 | 4135368 |
| 3.50%, 05/20/2049 | 1444289 | 1329912 |
| 4.00%, 01/15/2045 - 05/20/2048 | 1117392 | 1071811 |
| 4.50%, 08/15/2046 - 05/20/2048 | 571190 | 562965 |
| 5.00%, 08/20/2048 | 142733 | 144647 |
| Seasoned Loans Structured Transaction <br> Trust |  |  |
| 4.75% <sup>(E)</sup>, 09/25/2060 <sup>(C)</sup> <br>| 93619 | 92919 |
| Uniform Mortgage-Backed Security, TBA |  |  |
| 5.00%, 10/01/2055 <sup>(B)</sup> <br>| 1233000 | 1222713 |
| 5.50%, 10/01/2054 <sup>(B)</sup> <br>| 969000 | 976983 |
| &nbsp;&nbsp; **Total U.S. Government Agency Obligations** <br>**(Cost $71,658,444)** | &nbsp;&nbsp; **Total U.S. Government Agency Obligations** <br>**(Cost $71,658,444)** | 70157170 |
| **U.S. GOVERNMENT OBLIGATIONS - 7.9%**  | **U.S. GOVERNMENT OBLIGATIONS - 7.9%**  | **U.S. GOVERNMENT OBLIGATIONS - 7.9%**  |
| **U.S. Treasury - 7.9%**  | **U.S. Treasury - 7.9%**  | **U.S. Treasury - 7.9%**  |
| U.S. Treasury Bonds |  |  |
| 4.75%, 05/15/2055 | 33334700 | 33438871 |
| 4.88%, 08/15/2045 | 21966000 | 22456803 |
| U.S. Treasury Notes |  |  |
| 3.63%, 09/30/2030 | 10541000 | 10487472 |
| 3.88%, 09/30/2032 | 319000 | 317953 |
| 4.25%, 08/15/2035 | 2569900 | 2590780 |
| &nbsp;&nbsp; **Total U.S. Government Obligations** <br>**(Cost $68,179,092)**<br>|  | 69291879 |

---

**Transamerica Series Trust**

**Page 5**

------

**Transamerica Janus Balanced VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES - 6.6%**  | **MORTGAGE-BACKED SECURITIES - 6.6%**  | **MORTGAGE-BACKED SECURITIES - 6.6%**  |
| 280 Park Avenue Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-280P, Class A, <br>1-Month Term SOFR + 1.18%, <br>5.40% <sup>(E)</sup>, 09/15/2034 <sup>(C)</sup> <br>| $592515 | $588071 |
| A&D Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM5, Class A1, <br>5.70% , 11/25/2069 <sup>(C)</sup> <br>| 269653 | 271403 |
| ALA Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-OANA, Class A, <br>1-Month Term SOFR + 1.74%, <br>5.89% <sup>(E)</sup>, 06/15/2040 <sup>(C)</sup> <br>| 1333000 | 1339665 |
| Angel Oak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-5, Class A1, <br>2.59% <sup>(E)</sup>, 10/25/2049 <sup>(C)</sup> <br>| 25348 | 25059 |
| &nbsp;&nbsp;&nbsp; Series 2019-6, Class A1, <br>2.62% <sup>(E)</sup>, 11/25/2059 <sup>(C)</sup> <br>| 22549 | 22201 |
| &nbsp;&nbsp;&nbsp; Series 2020-3, Class A2, <br>2.41% <sup>(E)</sup>, 04/25/2065 <sup>(C)</sup> <br>| 88581 | 85434 |
| &nbsp;&nbsp;&nbsp; Series 2024-5, Class A1, <br>4.95% <sup>(E)</sup>, 07/25/2068 <sup>(C)</sup> <br>| 855519 | 851879 |
| &nbsp;&nbsp;&nbsp; Series 2025-6, Class A1, <br>5.52% <sup>(E)</sup>, 04/25/2070 <sup>(C)</sup> <br>| 573815 | 578797 |
| BAMLL Re-REMICS Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-FRR2, Class E, <br>1.27% <sup>(E)</sup>, 07/27/2050 <sup>(C)</sup> <br>| 328000 | 277392 |
| &nbsp;&nbsp;&nbsp; Series 2024-FRR3, Class E, <br>0.49% <sup>(E)</sup>, 01/27/2050 <sup>(C)</sup> <br>| 380014 | 340090 |
| Bayview MSR Opportunity Master Fund <br> Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-5, Class AF, <br>1-Month SOFR Average + 0.85%, <br>5.00% <sup>(E)</sup>, 11/25/2051 <sup>(C)</sup> <br>| 583047 | 540552 |
| &nbsp;&nbsp;&nbsp; Series 2022-2, Class A1, <br>3.00% <sup>(E)</sup>, 12/25/2051 <sup>(C)</sup> <br>| 430192 | 371961 |
| BPR Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-BRK2, Class A, <br>7.15% <sup>(E)</sup>, 10/05/2038 <sup>(C)</sup> <br>| 831000 | 873617 |
| &nbsp;&nbsp;&nbsp; Series 2024-PMDW, Class A, <br>5.36% <sup>(E)</sup>, 11/05/2041 <sup>(C)</sup> <br>| 1191755 | 1213294 |
| &nbsp;&nbsp;&nbsp; Series 2024-PMDW, Class D, <br>5.85% <sup>(E)</sup>, 11/05/2041 <sup>(C)</sup> <br>| 391000 | 385077 |
| BX Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-VOLT, Class B, <br>1-Month Term SOFR + 1.06%, <br>5.21% <sup>(E)</sup>, 09/15/2036 <sup>(C)</sup> <br>| 710151 | 707932 |
| &nbsp;&nbsp;&nbsp; Series 2021-VOLT, Class D, <br>1-Month Term SOFR + 1.76%, <br>5.91% <sup>(E)</sup>, 09/15/2036 <sup>(C)</sup> <br>| 745998 | 743666 |
| &nbsp;&nbsp;&nbsp; Series 2024-AIR2, Class A, <br>1-Month Term SOFR + 1.49%, <br>5.64% <sup>(E)</sup>, 10/15/2041 <sup>(C)</sup> <br>| 939997 | 941465 |
| &nbsp;&nbsp;&nbsp; Series 2024-AIRC, Class C, <br>1-Month Term SOFR + 2.59%, <br>6.74% <sup>(E)</sup>, 08/15/2039 <sup>(C)</sup> <br>| 399755 | 401130 |
| &nbsp;&nbsp;&nbsp; Series 2024-BRBK, Class A, <br>1-Month Term SOFR + 2.88%, <br>7.03% <sup>(E)</sup>, 10/15/2041 <sup>(C)</sup> <br>| 1070787 | 1076476 |
| &nbsp;&nbsp;&nbsp; Series 2024-GPA3, Class A, <br>1-Month Term SOFR + 1.29%, <br>5.44% <sup>(E)</sup>, 12/15/2039 <sup>(C)</sup> <br>| 532654 | 533985 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp; BX Commercial Mortgage <br> Trust (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-GPA3, Class B, <br>1-Month Term SOFR + 1.64%, <br>5.79% <sup>(E)</sup>, 12/15/2039 <sup>(C)</sup> <br>| $368204 | $369240 |
| &nbsp;&nbsp;&nbsp; Series 2024-VLT5, Class A, <br>5.59% <sup>(E)</sup>, 11/13/2046 <sup>(C)</sup> <br>| 1217000 | 1239681 |
| &nbsp;&nbsp;&nbsp; Series 2024-VLT5, Class B, <br>5.99% <sup>(E)</sup>, 11/13/2046 <sup>(C)</sup> <br>| 281000 | 288608 |
| &nbsp;&nbsp;&nbsp; Series 2024-VLT5, Class C, <br>6.40% <sup>(E)</sup>, 11/13/2046 <sup>(C)</sup> <br>| 220000 | 226836 |
| &nbsp;&nbsp;&nbsp; Series 2025-SPOT, Class A, <br>1-Month Term SOFR + 1.44%, <br>5.59% <sup>(E)</sup>, 04/15/2040 <sup>(C)</sup> <br>| 431279 | 432087 |
| BX Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-OC11, Class B, <br>3.61% , 12/09/2041 <sup>(C)</sup> <br>| 173000 | 164892 |
| &nbsp;&nbsp;&nbsp; Series 2019-OC11, Class C, <br>3.86% , 12/09/2041 <sup>(C)</sup> <br>| 481000 | 457788 |
| &nbsp;&nbsp;&nbsp; Series 2021-LBA, Class AJV, <br>1-Month Term SOFR + 0.91%, <br>5.07% <sup>(E)</sup>, 02/15/2036 <sup>(C)</sup> <br>| 820000 | 819744 |
| &nbsp;&nbsp;&nbsp; Series 2021-LBA, Class AV, <br>1-Month Term SOFR + 0.91%, <br>5.07% <sup>(E)</sup>, 02/15/2036 <sup>(C)</sup> <br>| 737035 | 736574 |
| &nbsp;&nbsp;&nbsp; Series 2022-FOX2, Class A2, <br>1-Month Term SOFR + 0.75%, <br>4.90% <sup>(E)</sup>, 04/15/2039 <sup>(C)</sup> <br>| 486203 | 485444 |
| &nbsp;&nbsp;&nbsp; Series 2024-VLT4, Class A, <br>1-Month Term SOFR + 1.49%, <br>5.64% <sup>(E)</sup>, 06/15/2041 <sup>(C)</sup> <br>| 939765 | 940352 |
| &nbsp;&nbsp;&nbsp; Series 2025-DIME, Class A, <br>1-Month Term SOFR + 1.15%, <br>5.30% <sup>(E)</sup>, 02/15/2035 <sup>(C)</sup> <br>| 861000 | 859117 |
| &nbsp;&nbsp;&nbsp; Series 2025-GW, Class A, <br>1-Month Term SOFR + 1.60%, <br>5.75% <sup>(E)</sup>, 07/15/2042 <sup>(C)</sup> <br>| 758000 | 760132 |
| &nbsp;&nbsp;&nbsp; Series 2025-ROIC, Class A, <br>1-Month Term SOFR + 1.14%, <br>5.29% <sup>(E)</sup>, 03/15/2030 <sup>(C)</sup> <br>| 1090746 | 1088360 |
| &nbsp;&nbsp;&nbsp; Series 2025-ROIC, Class B, <br>1-Month Term SOFR + 1.39%, <br>5.54% <sup>(E)</sup>, 03/15/2030 <sup>(C)</sup> <br>| 239068 | 238470 |
| &nbsp;&nbsp;&nbsp; Series 2025-VLT7, Class A, <br>1-Month Term SOFR + 1.70%, <br>5.85% <sup>(E)</sup>, 07/15/2044 <sup>(C)</sup> <br>| 1589000 | 1592973 |
| BXHPP Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-FILM, Class A, <br>1-Month Term SOFR + 0.76%, <br>4.91% <sup>(E)</sup>, 08/15/2036 <sup>(C)</sup> <br>| 201000 | 194970 |
| BXP Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-GM, Class A, <br>3.38% , 06/13/2039 <sup>(C)</sup> <br>| 324000 | 316537 |
| Chase Mortgage Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-CL1, Class M1, <br>1-Month SOFR Average + 1.20%, <br>5.56% <sup>(E)</sup>, 02/25/2050 <sup>(C)</sup> <br>| 583349 | 575826 |
| COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-3, Class A1, <br>1.51% <sup>(E)</sup>, 04/27/2065 <sup>(C)</sup> <br>| 8378 | 8273 |

---

**Transamerica Series Trust**

**Page 6**

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**Transamerica Janus Balanced VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| CONE Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-DFW1, Class A, <br>1-Month Term SOFR + 1.64%, <br>5.79% <sup>(E)</sup>, 08/15/2041 <sup>(C)</sup> <br>| $632000 | $631499 |
| &nbsp;&nbsp;&nbsp; Series 2024-DFW1, Class B, <br>1-Month Term SOFR + 2.29%, <br>6.44% <sup>(E)</sup>, 08/15/2041 <sup>(C)</sup> <br>| 465108 | 465843 |
| DATA Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-CTR2, Class A, <br>5.48% <sup>(E)</sup>, 05/10/2046 <sup>(C)</sup> <br>| 263256 | 264917 |
| EFMT |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-CES1, Class A1A, <br>5.73% <sup>(E)</sup>, 01/25/2060 <sup>(C)</sup> <br>| 148835 | 150625 |
| Extended Stay America Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-ESH, Class A, <br>1-Month Term SOFR + 1.19%, <br>5.34% <sup>(E)</sup>, 07/15/2038 <sup>(C)</sup> <br>| 361765 | 361765 |
| &nbsp;&nbsp;&nbsp; Series 2025-ESH, Class A, <br>1-Month Term SOFR + 1.30%, <br>5.45% <sup>(E)</sup>, 10/15/2042 <sup>(B)</sup><sup>(C)</sup> <br>| 531000 | 531996 |
| Finance of America Structured Securities <br> Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-S1, Class A1, <br>3.50% , 02/25/2075 <sup>(C)</sup> <br>| 343460 | 331930 |
| Flagstar Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-13IN, Class A2, <br>3.00% <sup>(E)</sup>, 12/30/2051 <sup>(C)</sup> <br>| 1158892 | 1000632 |
| FREMF Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-K511, Class C, <br>5.82% <sup>(E)</sup>, 11/25/2028 <sup>(C)</sup> <br>| 187000 | 174497 |
| GCAT Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-INV1, Class A1, <br>6.00% <sup>(E)</sup>, 08/25/2053 <sup>(C)</sup> <br>| 702802 | 712410 |
| GS Mortgage Securities Corp. Trust |  |  |
| &nbsp;&nbsp;&nbsp; 1-Month Term SOFR + 2.65%, <br>6.79% <sup>(E)</sup>, 11/25/2041 <sup>(C)</sup> <br>| 1159000 | 1160642 |
| GWT Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-WLF2, Class A, <br>1-Month Term SOFR + 1.69%, <br>5.84% <sup>(E)</sup>, 05/15/2041 <sup>(C)</sup> <br>| 1141000 | 1143139 |
| Homeward Opportunities Fund Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-RRTL2, Class A1, <br>5.99% <sup>(E)</sup>, 09/25/2039 <sup>(C)</sup> <br>| 424000 | 425586 |
| &nbsp;&nbsp;&nbsp; Series 2024-RTL1, Class A1, <br>7.12% <sup>(E)</sup>, 07/25/2029 <sup>(C)</sup> <br>| 1020000 | 1023837 |
| &nbsp;&nbsp;&nbsp; Series 2025-RRTL1, Class A1, <br>5.48% <sup>(E)</sup>, 03/25/2040 <sup>(C)</sup> <br>| 675000 | 678421 |
| &nbsp;&nbsp;&nbsp; Series 2025-RRTL2, Class A1, <br>5.24% <sup>(E)</sup>, 09/25/2040 <sup>(C)</sup> <br>| 230000 | 230486 |
| Hudsons Bay Simon JV Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015-HB10, Class A10, <br>4.15% , 08/05/2034 <sup>(C)</sup> <br>| 321959 | 321607 |
| &nbsp;&nbsp;&nbsp; Series 2015-HB7, Class A7, <br>3.91% , 08/05/2034 <sup>(C)</sup> <br>| 33585 | 33556 |
| JPMorgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-5MPR, Class A1D, <br>5.50% <sup>(E)</sup>, 11/25/2055 <sup>(C)</sup> <br>| 299371 | 300588 |
| KRE Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-AIP4, Class A, <br>1-Month Term SOFR + 1.30%, <br>5.45% <sup>(E)</sup>, 03/15/2042 <sup>(C)</sup> <br>| 749000 | 748064 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| LBA Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-BOLT, Class A, <br>1-Month Term SOFR + 1.59%, <br>5.74% <sup>(E)</sup>, 06/15/2039 <sup>(C)</sup> <br>| $752511 | $753452 |
| LEX Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-BBG, Class A, <br>5.04% <sup>(E)</sup>, 10/13/2033 <sup>(C)</sup> <br>| 215000 | 216285 |
| LHOME Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-RTL2, Class A1, <br>7.13% <sup>(E)</sup>, 03/25/2029 <sup>(C)</sup> <br>| 249645 | 251854 |
| &nbsp;&nbsp;&nbsp; Series 2024-RTL3, Class A1, <br>6.90% <sup>(E)</sup>, 05/25/2029 <sup>(C)</sup> <br>| 311653 | 315265 |
| &nbsp;&nbsp;&nbsp; Series 2024-RTL4, Class A1, <br>5.92% <sup>(E)</sup>, 07/25/2039 <sup>(C)</sup> <br>| 920061 | 926135 |
| &nbsp;&nbsp;&nbsp; Series 2025-RTL3, Class A1, <br>5.24% <sup>(E)</sup>, 08/25/2040 <sup>(C)</sup> <br>| 260000 | 260692 |
| Life Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-BMR, Class C, <br>1-Month Term SOFR + 1.21%, <br>5.36% <sup>(E)</sup>, 03/15/2038 <sup>(C)</sup> <br>| 80420 | 80068 |
| &nbsp;&nbsp;&nbsp; Series 2022-BMR2, Class A1, <br>1-Month Term SOFR + 1.30%, <br>5.45% <sup>(E)</sup>, 05/15/2039 <sup>(C)</sup> <br>| 886000 | 861635 |
| &nbsp;&nbsp;&nbsp; Series 2022-BMR2, Class B, <br>1-Month Term SOFR + 1.79%, <br>5.94% <sup>(E)</sup>, 05/15/2039 <sup>(C)</sup> <br>| 257000 | 240919 |
| Mello Mortgage Capital Acceptance |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV2, Class A11, <br>1-Month SOFR Average + 0.95%, <br>5.00% <sup>(E)</sup>, 08/25/2051 <sup>(C)</sup> <br>| 433228 | 403480 |
| &nbsp;&nbsp;&nbsp; Series 2021-INV3, Class A11, <br>1-Month SOFR Average + 0.95%, <br>5.00% <sup>(E)</sup>, 10/25/2051 <sup>(C)</sup> <br>| 540170 | 503241 |
| &nbsp;&nbsp;&nbsp; Series 2022-INV1, Class A2, <br>3.00% <sup>(E)</sup>, 03/25/2052 <sup>(C)</sup> <br>| 290933 | 250650 |
| &nbsp;&nbsp;&nbsp; Series 2024-SD1, Class A1, <br>4.00% <sup>(E)</sup>, 04/25/2054 <sup>(C)</sup> <br>| 286675 | 280565 |
| MHC Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-MHC, Class A, <br>1-Month Term SOFR + 0.92%, <br>5.07% <sup>(E)</sup>, 04/15/2038 <sup>(C)</sup> <br>| 165974 | 165974 |
| &nbsp;&nbsp;&nbsp; Series 2021-MHC, Class C, <br>1-Month Term SOFR + 1.47%, <br>5.62% <sup>(E)</sup>, 04/15/2038 <sup>(C)</sup> <br>| 607417 | 607417 |
| MIC Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-MIC, Class A, <br>8.73% <sup>(E)</sup>, 12/05/2038 <sup>(C)</sup> <br>| 584328 | 632873 |
| Morgan Stanley Residential Mortgage <br> Loan Trust |  |  |
| 4.25% <sup>(E)</sup>, 02/25/2065 <sup>(C)</sup> <br>| 320000 | 312393 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018-2A, Class A1, <br>4.50% <sup>(E)</sup>, 02/25/2058 <sup>(C)</sup> <br>| 70417 | 69701 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM2, Class A1, <br>5.12% <sup>(E)</sup>, 09/25/2064 <sup>(C)</sup> <br>| 483034 | 483725 |
| &nbsp;&nbsp;&nbsp; Series 2024-RTL2, Class A1, <br>5.44% <sup>(E)</sup>, 09/25/2039 <sup>(C)</sup> <br>| 343000 | 345048 |
| NRTH Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-PARK, Class A, <br>1-Month Term SOFR + 1.39%, <br>5.54% <sup>(E)</sup>, 10/15/2040 <sup>(B)</sup><sup>(C)</sup> <br>| 654000 | 652320 |

---

**Transamerica Series Trust**

**Page 7**

------

**Transamerica Janus Balanced VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| NRTH Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-PARK, Class A, <br>1-Month Term SOFR + 1.64%, <br>5.79% <sup>(E)</sup>, 03/15/2039 <sup>(C)</sup> <br>| $1390000 | $1386953 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-INV1, Class A1, <br>3.00% <sup>(E)</sup>, 12/25/2051 <sup>(C)</sup> <br>| 181526 | 156566 |
| &nbsp;&nbsp;&nbsp; Series 2022-INV1, Class A18, <br>3.00% <sup>(E)</sup>, 12/25/2051 <sup>(C)</sup> <br>| 480939 | 412857 |
| OPEN Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-AIR, Class C, <br>1-Month Term SOFR + 5.24%, <br>9.39% <sup>(E)</sup>, 11/15/2040 <sup>(C)</sup> <br>| 165551 | 165655 |
| PRET Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-RPL1, Class A1, <br>4.00% <sup>(E)</sup>, 07/25/2069 <sup>(C)</sup> <br>| 430817 | 418240 |
| &nbsp;&nbsp;&nbsp; Series 2025-RPL2, Class A1, <br>4.00% <sup>(E)</sup>, 08/25/2064 <sup>(C)</sup> <br>| 451639 | 437371 |
| PRPM LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-RCF2, Class A1, <br>3.75% <sup>(E)</sup>, 03/25/2054 <sup>(C)</sup> <br>| 194958 | 190920 |
| &nbsp;&nbsp;&nbsp; Series 2025-RCF4, Class A1, <br>4.50% <sup>(E)</sup>, 08/25/2055 <sup>(C)</sup> <br>| 302119 | 299069 |
| &nbsp;&nbsp;&nbsp; Series 2025-RPL4, Class A1, <br>3.00% <sup>(E)</sup>, 05/25/2055 <sup>(C)</sup> <br>| 579388 | 548266 |
| RCKT Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-3, Class A21, <br>1-Month SOFR Average + 0.80%, <br>5.00% <sup>(E)</sup>, 07/25/2051 <sup>(C)</sup> <br>| 389194 | 359703 |
| &nbsp;&nbsp;&nbsp; Series 2023-CES1, Class A1A, <br>6.52% <sup>(E)</sup>, 06/25/2043 <sup>(C)</sup> <br>| 168611 | 169705 |
| &nbsp;&nbsp;&nbsp; Series 2024-CES5, Class A1A, <br>5.85% <sup>(E)</sup>, 08/25/2044 <sup>(C)</sup> <br>| 655563 | 662499 |
| &nbsp;&nbsp;&nbsp; Series 2024-CES7, Class A1A, <br>5.16% <sup>(E)</sup>, 10/25/2044 <sup>(C)</sup> <br>| 792970 | 794860 |
| &nbsp;&nbsp;&nbsp; Series 2024-CES9, Class A1A, <br>5.58% <sup>(E)</sup>, 12/25/2044 <sup>(C)</sup> <br>| 421668 | 426147 |
| &nbsp;&nbsp;&nbsp; Series 2025-CES1, Class A1A, <br>5.65% <sup>(E)</sup>, 01/25/2045 <sup>(C)</sup> <br>| 87982 | 89010 |
| &nbsp;&nbsp;&nbsp; Series 2025-CES2, Class A1A, <br>5.50% <sup>(E)</sup>, 02/25/2055 <sup>(C)</sup> <br>| 514319 | 518950 |
| &nbsp;&nbsp;&nbsp; Series 2025-CES3, Class A1A, <br>5.55% <sup>(E)</sup>, 03/25/2055 <sup>(C)</sup> <br>| 228240 | 230928 |
| &nbsp;&nbsp;&nbsp; Series 2025-CES6, Class A1A, <br>5.47% <sup>(E)</sup>, 06/25/2055 <sup>(C)</sup> <br>| 212673 | 214802 |
| &nbsp;&nbsp;&nbsp; Series 2025-CES8, Class A1A, <br>5.15% <sup>(E)</sup>, 08/25/2055 <sup>(C)</sup> <br>| 516810 | 519738 |
| Saluda Grade Alternative Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-CES1, Class A1, <br>6.31% <sup>(E)</sup>, 03/25/2054 <sup>(C)</sup> <br>| 241165 | 243716 |
| &nbsp;&nbsp;&nbsp; Series 2024-FIG5, Class A, <br>6.26% <sup>(E)</sup>, 04/25/2054 <sup>(C)</sup> <br>| 335498 | 343193 |
| &nbsp;&nbsp;&nbsp; Series 2024-RTL6, Class A1, <br>7.44% <sup>(E)</sup>, 07/25/2030 <sup>(C)</sup> <br>| 775000 | 780077 |
| SELF Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-STRG, Class A, <br>1-Month Term SOFR + 1.54%, <br>5.69% <sup>(E)</sup>, 11/15/2034 <sup>(C)</sup> <br>| 993000 | 991138 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| Sequoia Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013-5, Class A1, <br>2.50% <sup>(E)</sup>, 05/25/2043 <sup>(C)</sup> <br>| $88696 | $77841 |
| &nbsp;&nbsp;&nbsp; Series 2020-2, Class A19, <br>3.50% <sup>(E)</sup>, 03/25/2050 <sup>(C)</sup> <br>| 39693 | 35533 |
| SMRT Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-MINI, Class A, <br>1-Month Term SOFR + 1.00%, <br>5.15% <sup>(E)</sup>, 01/15/2039 <sup>(C)</sup> <br>| 451000 | 450436 |
| SREIT Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-MFP, Class A, <br>1-Month Term SOFR + 0.85%, <br>5.00% <sup>(E)</sup>, 11/15/2038 <sup>(C)</sup> <br>| 83884 | 83806 |
| TEXAS Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-TWR, Class A, <br>1-Month Term SOFR + 1.29%, <br>5.44% <sup>(E)</sup>, 04/15/2042 <sup>(C)</sup> <br>| 284000 | 283240 |
| Toorak Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-RRTL1, Class A1, <br>5.52% <sup>(E)</sup>, 02/25/2040 <sup>(C)</sup> <br>| 260000 | 261714 |
| TYSN Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-CRNR, Class A, <br>6.80% <sup>(E)</sup>, 12/10/2033 <sup>(C)</sup> <br>| 924755 | 976398 |
| UWM Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV1, Class A9, <br>1-Month SOFR Average + 0.90%, <br>5.00% <sup>(E)</sup>, 08/25/2051 <sup>(C)</sup> <br>| 530662 | 493358 |
| VASA Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-VASA, Class A, <br>1-Month Term SOFR + 1.01%, <br>5.17% <sup>(E)</sup>, 07/15/2039 <sup>(C)</sup> <br>| 425000 | 415470 |
| Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-SAVE, Class A, <br>1-Month Term SOFR + 1.36%, <br>5.52% <sup>(E)</sup>, 02/15/2040 <sup>(C)</sup> <br>| 83746 | 83536 |
| &nbsp;&nbsp;&nbsp; Series 2025-VTT, Class A, <br>5.27% <sup>(E)</sup>, 03/15/2038 <sup>(C)</sup> <br>| 1014000 | 1017839 |
| &nbsp;&nbsp; **Total Mortgage-Backed Securities** <br>**(Cost $57,875,407)**<br>|  | 57810316 |
| **ASSET-BACKED SECURITIES - 5.8%**  | **ASSET-BACKED SECURITIES - 5.8%**  | **ASSET-BACKED SECURITIES - 5.8%**  |
| AGL CLO 26 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-26A, Class A1R, <br>3-Month Term SOFR + 1.28%, <br>5.56% <sup>(E)</sup>, 10/21/2038 <sup>(C)</sup> <br>| 1267000 | 1272119 |
| Aqua Finance Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-A, Class A, <br>1.54%, 07/17/2046 <sup>(C)</sup> <br>| 90474 | 83860 |
| Arivo Acceptance Auto Loan Receivables <br> Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-1A, Class A, <br>3.93%, 05/15/2028 <sup>(C)</sup> <br>| 4029 | 4029 |
| Bain Capital Credit CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-3A, Class A1R, <br>3-Month Term SOFR + 1.31%, <br>5.51% <sup>(E)</sup>, 10/24/2038 <sup>(C)</sup> <br>| 1747000 | 1754861 |
| Ballyrock CLO 14 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-14A, Class A1BR, <br>3-Month Term SOFR + 1.58%, <br>5.91% <sup>(E)</sup>, 07/20/2037 <sup>(C)</sup> <br>| 250000 | 250249 |

---

**Transamerica Series Trust**

**Page 8**

------

**Transamerica Janus Balanced VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| Barings Loan Partners CLO Ltd. 5 |  |  |
| &nbsp;&nbsp;&nbsp; Series LP-5A, Class A, <br>3-Month Term SOFR + 1.22%, <br>5.55% <sup>(E)</sup>, 01/20/2035 <sup>(C)</sup> <br>| $895249 | $894493 |
| Bayview Opportunity Master Fund VII LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-EDU1, Class B, <br>1-Month SOFR Average + 1.70%, <br>6.03% <sup>(E)</sup>, 07/27/2048 <sup>(C)</sup> <br>| 250000 | 250000 |
| Benefit Street Partners CLO 43 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-43A, Class A, <br>3-Month Term SOFR + 1.27%, <br>0.00% <sup>(E)</sup>, 10/20/2038 <sup>(B)</sup><sup>(C)</sup> <br>| 1006000 | 1006434 |
| Benefit Street Partners CLO XV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018-15A, Class A1R, <br>3-Month Term SOFR + 1.39%, <br>5.71% <sup>(E)</sup>, 07/15/2037 <sup>(C)</sup> <br>| 1283000 | 1288848 |
| Carlyle U.S. CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018-4A, Class A2R, <br>3-Month Term SOFR + 1.56%, <br>5.88% <sup>(E)</sup>, 10/17/2037 <sup>(C)</sup> <br>| 1284000 | 1287684 |
| &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A1R, <br>3-Month Term SOFR + 1.32%, <br>5.64% <sup>(E)</sup>, 07/20/2038 <sup>(C)</sup> <br>| 1132000 | 1138005 |
| CBAM Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-11RA, Class A1, <br>3-Month Term SOFR + 1.44%, <br>5.77% <sup>(E)</sup>, 01/20/2035 <sup>(C)</sup> <br>| 1210000 | 1210445 |
| &nbsp;&nbsp;&nbsp; Series 2019-11RA, Class B, <br>3-Month Term SOFR + 2.01%, <br>6.34% <sup>(E)</sup>, 01/20/2035 <sup>(C)</sup> <br>| 308466 | 308711 |
| CBAMR Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018-5A, Class A1R, <br>3-Month Term SOFR + 1.34%, <br>5.45% <sup>(E)</sup>, 10/17/2038 <sup>(C)</sup> <br>| 588000 | 590109 |
| CF Hippolyta Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class A1, <br>1.69%, 07/15/2060 <sup>(C)</sup> <br>| 438908 | 376997 |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class B1, <br>2.28%, 07/15/2060 <sup>(C)</sup> <br>| 89945 | 62660 |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A1, <br>1.53%, 03/15/2061 <sup>(C)</sup> <br>| 774861 | 645086 |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class B1, <br>1.98%, 03/15/2061 <sup>(C)</sup> <br>| 199207 | 153891 |
| &nbsp;&nbsp;&nbsp; Series 2022-1A, Class A1, <br>5.97%, 08/15/2062 <sup>(C)</sup> <br>| 721779 | 697661 |
| &nbsp;&nbsp;&nbsp; Series 2022-1A, Class A2, <br>6.11%, 08/15/2062 <sup>(C)</sup> <br>| 2055126 | 1967692 |
| CIFC Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-7A, Class A1R, <br>3-Month Term SOFR + 1.28%, <br>5.37% <sup>(E)</sup>, 10/19/2038 <sup>(C)</sup> <br>| 829000 | 831564 |
| Compass Datacenters Issuer II LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A1, <br>5.32%, 05/25/2050 <sup>(C)</sup> <br>| 1329000 | 1345616 |
| Compass Datacenters Issuer III LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, <br>5.66%, 02/25/2050 <sup>(C)</sup> <br>| 731000 | 746538 |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A2, <br>5.84%, 02/25/2050 <sup>(C)</sup> <br>| 455000 | 467385 |
| COOPR Residential Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-CES3, Class A1A, <br>4.84% <sup>(E)</sup>, 09/25/2060 <sup>(C)</sup> <br>| 440000 | 439186 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| CP EF Asset Securitization II LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A, <br>7.48%, 03/15/2032 <sup>(C)</sup> <br>| $113176 | $114202 |
| CRB Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1, Class A, <br>6.96%, 10/20/2033 <sup>(C)</sup> <br>| 7016 | 7027 |
| Croton Park CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014-1A, Class A2, <br>3-Month Term SOFR + 1.56%, <br>5.88% <sup>(E)</sup>, 10/15/2036 <sup>(C)</sup> <br>| 594000 | 594881 |
| CyrusOne Data Centers Issuer I LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class B, <br>5.45%, 04/20/2048 <sup>(C)</sup> <br>| 157090 | 154189 |
| &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A2, <br>5.56%, 11/20/2048 <sup>(C)</sup> <br>| 173519 | 175434 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2, <br>4.76%, 03/22/2049 <sup>(C)</sup> <br>| 372724 | 368785 |
| &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A2, <br>4.50%, 05/20/2049 <sup>(C)</sup> <br>| 135000 | 132739 |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A2, <br>4.65%, 05/20/2049 <sup>(C)</sup> <br>| 1339000 | 1300631 |
| DB Master Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-1A, Class A2II, <br>4.03%, 11/20/2047 <sup>(C)</sup> <br>| 167425 | 165510 |
| Diamond Infrastructure Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A, <br>1.76%, 04/15/2049 <sup>(C)</sup> <br>| 821000 | 787385 |
| Elmwood CLO X Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-3A, Class AR2, <br>3-Month Term SOFR + 1.30%, <br>5.56% <sup>(E)</sup>, 07/20/2038 <sup>(C)</sup> <br>| 766000 | 767906 |
| FIGRE Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-HE1, Class A, <br>6.17% <sup>(E)</sup>, 03/25/2054 <sup>(C)</sup> <br>| 328945 | 336222 |
| &nbsp;&nbsp;&nbsp; Series 2024-HE2, Class A, <br>6.38% <sup>(E)</sup>, 05/25/2054 <sup>(C)</sup> <br>| 287467 | 294833 |
| &nbsp;&nbsp;&nbsp; Series 2024-HE3, Class A, <br>5.94% <sup>(E)</sup>, 07/25/2054 <sup>(C)</sup> <br>| 197799 | 201678 |
| &nbsp;&nbsp;&nbsp; Series 2024-HE4, Class A, <br>5.06% <sup>(E)</sup>, 09/25/2054 <sup>(C)</sup> <br>| 328978 | 330183 |
| &nbsp;&nbsp;&nbsp; Series 2025-HE2, Class A, <br>5.78% <sup>(E)</sup>, 03/25/2055 <sup>(C)</sup> <br>| 391862 | 397222 |
| &nbsp;&nbsp;&nbsp; Series 2025-HE3, Class A, <br>5.56% <sup>(E)</sup>, 05/25/2055 <sup>(C)</sup> <br>| 429482 | 434772 |
| &nbsp;&nbsp;&nbsp; Series 2025-HE4, Class A, <br>5.41% <sup>(E)</sup>, 07/25/2055 <sup>(C)</sup> <br>| 261139 | 263093 |
| &nbsp;&nbsp;&nbsp; Series 2025-HE5, Class A, <br>5.29% <sup>(E)</sup>, 08/25/2055 <sup>(C)</sup> <br>| 292836 | 293942 |
| GoldenTree Loan Management U.S. CLO <br> 17 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-17A, Class AR, <br>3-Month Term SOFR + 1.28%, <br>5.61% <sup>(E)</sup>, 01/20/2039 <sup>(C)</sup> <br>| 950000 | 952326 |
| Gracie Point International Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, <br>3-Month SOFR Average + 1.70%, <br>6.06% <sup>(E)</sup>, 03/01/2028 <sup>(C)</sup> <br>| 287000 | 287558 |
| GS Mortgage-Backed Securities Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-CES2, Class A1, <br>5.18% <sup>(E)</sup>, 09/25/2055 <sup>(C)</sup> <br>| 602000 | 602006 |

---

**Transamerica Series Trust**

**Page 9**

------

**Transamerica Janus Balanced VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| Lendbuzz Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A2, <br>6.92%, 08/15/2028 <sup>(C)</sup> <br>| $103027 | $104458 |
| Libra Solutions LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, <br>5.88%, 09/30/2038 <sup>(C)</sup><sup>(F)</sup> <br>| 439000 | 438173 |
| M&T Equipment Notes |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A3, <br>5.74%, 07/15/2030 <sup>(C)</sup> <br>| 148716 | 149750 |
| Madison Park Funding LV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-55A, Class A1R, <br>3-Month Term SOFR + 1.36%, <br>5.69% <sup>(E)</sup>, 07/18/2037 <sup>(C)</sup> <br>| 1367389 | 1370293 |
| Madison Park Funding LXII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-62A, Class A1R2, <br>3-Month Term SOFR + 1.30%, <br>5.62% <sup>(E)</sup>, 07/16/2038 <sup>(C)</sup> <br>| 850000 | 853162 |
| Madison Park Funding LXXIII Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-73A, Class A1, <br>3-Month Term SOFR + 1.30%, <br>5.26% <sup>(E)</sup>, 10/17/2038 <sup>(C)</sup> <br>| 872000 | 875910 |
| Madison Park Funding XXXIV Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-34A, Class A2RR, <br>3-Month Term SOFR + 1.60%, <br>5.92% <sup>(E)</sup>, 10/16/2037 <sup>(C)</sup> <br>| 435000 | 435482 |
| Magnetite 50 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-50A, Class A1, <br>3-Month Term SOFR + 1.28%, <br>5.59% <sup>(E)</sup>, 07/25/2038 <sup>(C)</sup> <br>| 652000 | 654563 |
| Marlette Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-2A, Class B, <br>6.54%, 06/15/2033 <sup>(C)</sup> <br>| 10401 | 10406 |
| Neuberger Berman CLO 32R Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-32RA, Class A, <br>3-Month Term SOFR + 1.31%, <br>5.64% <sup>(E)</sup>, 07/20/2039 <sup>(C)</sup> <br>| 788611 | 790259 |
| New Economy Assets Phase 1 <br> Sponsor LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1, Class B1, <br>2.41%, 10/20/2061 <sup>(C)</sup> <br>| 353000 | 234444 |
| NRM FNT1 Excess LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-FNT1, Class A, <br>7.40% <sup>(E)</sup>, 11/25/2031 <sup>(C)</sup> <br>| 423252 | 430480 |
| NRZ Excess Spread-Collateralized Notes |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-PLS1, Class A, <br>3.84%, 12/25/2025 <sup>(C)</sup> <br>| 85148 | 84843 |
| &nbsp;&nbsp;&nbsp; Series 2021-FHT1, Class A, <br>3.10%, 07/25/2026 <sup>(C)</sup> <br>| 176577 | 173752 |
| Oak Street Investment Grade Net <br> Lease Fund |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1A, Class A1, <br>1.85%, 11/20/2050 <sup>(C)</sup> <br>| 615559 | 587680 |
| OCP CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-18A, Class A2R2, <br>3-Month Term SOFR + 1.57%, <br>5.90% <sup>(E)</sup>, 07/20/2037 <sup>(C)</sup> <br>| 337764 | 338171 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| OCP CLO Ltd. (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-8RA, Class AR, <br>3-Month Term SOFR + 1.25%, <br>5.57% <sup>(E)</sup>, 10/17/2036 <sup>(C)</sup> <br>| $895249 | $895249 |
| &nbsp;&nbsp;&nbsp; Series 2025-44A, Class A, <br>3-Month Term SOFR + 1.30%, <br>5.56% <sup>(E)</sup>, 10/24/2038 <sup>(C)</sup> <br>| 455000 | 455822 |
| OHA Credit Funding 7 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-7A, Class A1R2, <br>3-Month Term SOFR + 1.28%, <br>5.54% <sup>(E)</sup>, 07/19/2038 <sup>(C)</sup> <br>| 812000 | 814030 |
| OHA Credit Funding 9 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-9A, Class A2R, <br>3-Month Term SOFR + 1.58%, <br>5.91% <sup>(E)</sup>, 10/19/2037 <sup>(C)</sup> <br>| 630000 | 632665 |
| QTS Issuer ABS I LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, <br>5.44%, 05/25/2055 <sup>(C)</sup> <br>| 1601000 | 1635177 |
| QTS Issuer ABS II LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, <br>5.04%, 10/05/2055 <sup>(C)</sup> <br>| 840000 | 837087 |
| RCKT Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-CES1, Class A1A, <br>6.03% <sup>(E)</sup>, 02/25/2044 <sup>(C)</sup> <br>| 349047 | 352583 |
| &nbsp;&nbsp;&nbsp; Series 2024-CES2, Class A1A, <br>6.14% <sup>(E)</sup>, 04/25/2044 <sup>(C)</sup> <br>| 764996 | 774207 |
| &nbsp;&nbsp;&nbsp; Series 2024-CES6, Class A1A, <br>5.34% <sup>(E)</sup>, 09/25/2044 <sup>(C)</sup> <br>| 508327 | 510085 |
| &nbsp;&nbsp;&nbsp; Series 2025-CES7, Class A1A, <br>5.38% <sup>(E)</sup>, 07/25/2055 <sup>(C)</sup> <br>| 203652 | 205514 |
| &nbsp;&nbsp;&nbsp; Series 2025-CES9, Class A1A, <br>4.80% <sup>(E)</sup>, 09/25/2055 <sup>(C)</sup> <br>| 352000 | 351897 |
| Regatta XXIII Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-4A, Class A1, <br>3-Month Term SOFR + 1.41%, <br>5.74% <sup>(E)</sup>, 01/20/2035 <sup>(C)</sup> <br>| 952000 | 951999 |
| &nbsp;&nbsp;&nbsp; Series 2021-4A, Class B, <br>3-Month Term SOFR + 1.96%, <br>6.29% <sup>(E)</sup>, 01/20/2035 <sup>(C)</sup> <br>| 264465 | 264959 |
| Saluda Grade Alternative Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-FIG3, Class A, <br>7.07% <sup>(E)</sup>, 08/25/2053 <sup>(C)</sup> <br>| 835653 | 861913 |
| &nbsp;&nbsp;&nbsp; Series 2023-FIG4, Class A, <br>6.72% <sup>(E)</sup>, 11/25/2053 <sup>(C)</sup> <br>| 442946 | 458872 |
| Santander Bank Auto Credit-Linked Notes |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-B, Class A2, <br>5.59%, 08/16/2032 <sup>(C)</sup> <br>| 47739 | 47982 |
| Sixth Street CLO IX Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-9A, Class AR, <br>3-Month Term SOFR + 1.38%, <br>5.71% <sup>(E)</sup>, 07/21/2037 <sup>(C)</sup> <br>| 957000 | 960148 |
| Taco Bell Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A2II, <br>2.29%, 08/25/2051 <sup>(C)</sup> <br>| 205343 | 189784 |
| Texas Debt Capital CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A1R, <br>3-Month Term SOFR + 1.37%, <br>5.70% <sup>(E)</sup>, 10/21/2037 <sup>(C)</sup> <br>| 934000 | 937492 |
| Vantage Data Centers Issuer LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A2, <br>2.17%, 10/15/2046 <sup>(C)</sup> <br>| 1953558 | 1902239 |

---

**Transamerica Series Trust**

**Page 10**

------

**Transamerica Janus Balanced VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| Vantage Data Centers LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-2A, Class A2, <br>1.99%, 09/15/2045 <sup>(C)</sup> <br>| $596000 | $564515 |
| Voya CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-4A, Class A2, <br>3-Month Term SOFR + 1.55%, <br>5.88% <sup>(E)</sup>, 07/20/2037 <sup>(C)</sup> <br>| 386336 | 386561 |
| Wendy's Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A2I, <br>2.37%, 06/15/2051 <sup>(C)</sup> <br>| 132991 | 123508 |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A2II, <br>2.78%, 06/15/2051 <sup>(C)</sup> <br>| 353315 | 316638 |
| Westgate Resorts LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-1A, Class A, <br>1.79%, 08/20/2036 <sup>(C)</sup> <br>| 39891 | 39500 |
| &nbsp;&nbsp; **Total Asset-Backed Securities** <br>**(Cost $50,949,132)** | &nbsp;&nbsp; **Total Asset-Backed Securities** <br>**(Cost $50,949,132)** | 51038899 |
| **LOAN ASSIGNMENTS - 0.8%**  | **LOAN ASSIGNMENTS - 0.8%**  | **LOAN ASSIGNMENTS - 0.8%**  |
| **Aerospace & Defense - 0.1%**  | **Aerospace & Defense - 0.1%**  | **Aerospace & Defense - 0.1%**  |
| &nbsp;&nbsp; TransDigm, Inc. <br>Term Loan M, <br>6.66% <sup>(E)</sup>, 08/19/2032 <sup>(B)</sup> <br>| 674000 | 673337 |
| **Building Products - 0.2%**  | **Building Products - 0.2%**  | **Building Products - 0.2%**  |
| EMRLD Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan B, <br>6-Month Term SOFR + 2.25%, <br>6.12% <sup>(E)</sup>, 08/04/2031 <sup>(B)</sup> <br>| 1590734 | 1583899 |
| &nbsp;&nbsp;&nbsp; Term Loan B, <br>6.45% <sup>(E)</sup>, 05/31/2030<br>| 291803 | 290813 |
|  |  | 1874712 |
| **Commercial Services & Supplies - 0.0% \*** | **Commercial Services & Supplies - 0.0% \*** | **Commercial Services & Supplies - 0.0% \*** |
| &nbsp;&nbsp; Belron Finance LLC <br>Term Loan B, <br>3-Month Term SOFR + 2.75%, <br>6.99% <sup>(E)</sup>, 10/16/2031<br>| 476400 | 478487 |
| **Electric Utilities - 0.2%**  | **Electric Utilities - 0.2%**  | **Electric Utilities - 0.2%**  |
| &nbsp;&nbsp; Alpha Generation LLC <br>Term Loan B, <br>1-Month Term SOFR + 2.00%, <br>6.16% <sup>(E)</sup>, 09/30/2031<br>| 553410 | 552546 |
| &nbsp;&nbsp; Lightning Power LLC <br>Term Loan B, <br>3-Month Term SOFR + 2.25%, <br>6.25% <sup>(E)</sup>, 08/18/2031<br>| 1054350 | 1052843 |
|  |  | 1605389 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** | **LOAN ASSIGNMENTS (continued)** |
| **Health Care Equipment & Supplies - 0.1%**  | **Health Care Equipment & Supplies - 0.1%**  | **Health Care Equipment & Supplies - 0.1%**  |
| &nbsp;&nbsp; Medline Borrower LP <br>Term Loan B, <br>1-Month Term SOFR + 2.00%, <br>6.16% <sup>(E)</sup>, 10/23/2028<br>| $918063 | $918007 |
| **Transportation Infrastructure - 0.2%**  | **Transportation Infrastructure - 0.2%**  | **Transportation Infrastructure - 0.2%**  |
| &nbsp;&nbsp; Genesee & Wyoming, Inc. <br>Term Loan, <br>3-Month Term SOFR + 1.75%, <br>5.75% <sup>(E)</sup>, 04/10/2031<br>| 1507394 | 1500903 |
| &nbsp;&nbsp; **Total Loan Assignments** <br>**(Cost $7,051,471)**<br>|  | 7050835 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **OTHER INVESTMENT COMPANY - 0.3%**  | **OTHER INVESTMENT COMPANY - 0.3%**  | **OTHER INVESTMENT COMPANY - 0.3%**  |
| **Securities Lending Collateral - 0.3%**  | **Securities Lending Collateral - 0.3%**  | **Securities Lending Collateral - 0.3%**  |
| &nbsp;&nbsp; State Street Navigator Securities Lending <br> Trust - Government Money Market Portfolio, <br> 4.13% <sup>(G)</sup> <br>| 2662025 | 2662025 |
| &nbsp;&nbsp; **Total Other Investment Company** <br>**(Cost $2,662,025)** | &nbsp;&nbsp; **Total Other Investment Company** <br>**(Cost $2,662,025)** | 2662025 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **REPURCHASE AGREEMENT - 1.2%**  | **REPURCHASE AGREEMENT - 1.2%**  | **REPURCHASE AGREEMENT - 1.2%**  |
| &nbsp;&nbsp; Fixed Income Clearing Corp., <br>1.65% <sup>(G)</sup>, dated 09/30/2025, to be <br> repurchased at $10,617,749 on 10/01/2025. <br> Collateralized by a U.S. Government <br> Obligation, 2.50%, due 03/31/2027, and <br> with a value of $10,829,763.<br>| $10617262 | 10617262 |
| &nbsp;&nbsp; **Total Repurchase Agreement** <br>**(Cost $10,617,262)** | &nbsp;&nbsp; **Total Repurchase Agreement** <br>**(Cost $10,617,262)** | 10617262 |
| &nbsp;&nbsp; **Total Investments** <br>**(Cost $664,849,774)** | &nbsp;&nbsp; **Total Investments** <br>**(Cost $664,849,774)** | 883747373 |
| **Net Other Assets (Liabilities) - (1.0)%** | **Net Other Assets (Liabilities) - (1.0)%** | (8910266) |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | **$874837107** |

---

**Transamerica Series Trust**

**Page 11**

------

**Transamerica Janus Balanced VP**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At September 30, 2025**

**(unaudited)**

**INVESTMENT VALUATION:**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** <sup>(H)</sup> <br>|  |  |  |  |
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2 -** <br>**Other Significant** <br>**Observable Inputs**<br>| **Level 3 -** <br>**Significant** <br>**Unobservable Inputs**<br>| **Value** |
| **ASSETS** |  |  |  |  |
| **Investments** |  |  |  |  |
| Common Stocks | $512396337 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $512396337 |
| Corporate Debt Securities |  | &nbsp;&nbsp; 102722650 | &nbsp;&nbsp; — | &nbsp;&nbsp; 102722650 |
| U.S. Government Agency Obligations |  | &nbsp;&nbsp; 70157170 | &nbsp;&nbsp; — | &nbsp;&nbsp; 70157170 |
| U.S. Government Obligations |  | &nbsp;&nbsp; 69291879 | &nbsp;&nbsp; — | &nbsp;&nbsp; 69291879 |
| Mortgage-Backed Securities |  | &nbsp;&nbsp; 57810316 | &nbsp;&nbsp; — | &nbsp;&nbsp; 57810316 |
| Asset-Backed Securities |  | &nbsp;&nbsp; 51038899 | &nbsp;&nbsp; — | &nbsp;&nbsp; 51038899 |
| Loan Assignments |  | &nbsp;&nbsp; 7050835 | &nbsp;&nbsp; — | &nbsp;&nbsp; 7050835 |
| Other Investment Company | 2662025 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2662025 |
| Repurchase Agreement |  | &nbsp;&nbsp; 10617262 | &nbsp;&nbsp; — | &nbsp;&nbsp; 10617262 |
| **Total Investments** | **$515058362** | &nbsp;&nbsp; **$368689011** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$883747373** |

---

**FOOTNOTES TO SCHEDULE OF INVESTMENTS:** 

\* *Percentage rounds to less than 0.1% or (0.1)%.*

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

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

<sup>(C)</sup> *Security is exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Security may be resold as transactions exempt from* *registration, normally to qualified institutional buyers. At September 30, 2025, the total value of 144A securities is $149,416,786, representing 17.1% of* *the Portfolio's net assets.* 

<sup>(D)</sup> *All or a portion of the security is on loan. The total value of the securities on loan is $2,646,748, collateralized by cash collateral of $2,662,025 and* *non-cash collateral, such as U.S. government securities of $40,608. The amount on loan indicated may not correspond with the securities on loan* *identified because a security with pending sales are in the process of recall from the brokers.* 

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

<sup>(F)</sup> *Restricted security. At September 30, 2025, the total value of such securities held by the Portfolio is as follows:*

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments** | **Description** | &nbsp;&nbsp; **Acquisition** <br>**Date**<br>| **Acquisition** <br>**Cost**<br>| **Value** | **Value as** <br>**Percentage of** <br>**Net Assets**<br>|
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp; Libra Solutions LLC, <br> Series 2024-1A <br>5.88%, 09/30/2038<br>| 09/24/2024 | &nbsp;&nbsp; $438931 | &nbsp;&nbsp; $438173 | 0.1<br> %<br>|

---

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

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

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

**PORTFOLIO ABBREVIATION(S):** 

---

| | |
|:---|:---|
| *CLO* | *Collateralized Loan Obligation* |
| *REIT* | *Real Estate Investment Trust* |
| *SOFR* | *Secured Overnight Financing Rate* |
| *STACR* | *Structured Agency Credit Risk* |
| *TBA* | *To Be Announced* |

---

**Transamerica Series Trust**

**Page 12**

------

**Transamerica Janus Balanced VP**

------

**NOTES TO SCHEDULE OF INVESTMENTS**

**At September 30, 2025**

**(unaudited)**

**INVESTMENT VALUATION**

Transamerica Janus Balanced VP (the "Portfolio") is a series of the Transamerica Series Trust.

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

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

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

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

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

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

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

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

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

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

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

**Transamerica Series Trust**

**Page 13**

------

**Transamerica Janus Balanced VP**

------

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

**At September 30, 2025**

**(unaudited)**

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

*Loan assignments:* Loan assignments are normally valued using an income approach, which projects future cash flows and converts those future cash flows to a present value using a discount rate. The resulting present value reflects the likely fair value of the loan. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise are categorized in Level 3.

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

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

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

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

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

**Transamerica Series Trust**

**Page 14**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80202

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

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

- **a. Name of Series:** Transamerica Janus Balanced VP

- **b. EDGAR series identifier (if any):** S000025012

- **c. LEI of Series:** 549300H5SRTFMXMC7006

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $911946825.45

**Total Liabilities:** $36811034.41

**Net Assets:** $875135791.04

**Delayed Delivery Securities:** $7740118.83

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -450.12000000 | **1-Year:** -8033.35000000 | **5-Year:** -36023.80000000 | **10-Year:** -34842.33000000 | **30-Year:** -3064.92000000

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

- **3-Month:** -100.73000000 | **1-Year:** -2142.70000000 | **5-Year:** -8157.27000000 | **10-Year:** -3024.19000000 | **30-Year:** -86.16000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000074409 | 1.17%                | 1.06%                | 2.24%                |
| Class ID C000074410 | 1.20%                | 1.04%                | 2.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4509262.91              | $4769861.77                                |
| Month 2  | $4940093.10              | $2986511.85                                |
| Month 3  | $5564803.69              | $12816424.76                               |

### Schedule of Portfolio Investments

| Name                                           | Title                                                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QNGR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    210509 | PA      | $196261.51    | 0.02%             | 2052-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MJWN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     65979 | PA      | $56674.08     | 0.01%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS I LLC                           | QTS Issuer ABS I LLC                                                          | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1601000 | PA      | $1635176.71   | 0.19%             | 2055-05-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140NKTV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47145 | PA      | $47267.81     | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CBAM CLO Management                            | CBAM Ltd.                                                                     | CUSIP: 12510TAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1210000 | PA      | $1210445.28   | 0.14%             | 2035-01-20      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC             | CyrusOne Data Centers Issuer I LLC                                            | CUSIP: 23284BAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    372724 | PA      | $368784.64    | 0.04%             | 2049-03-22      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| DUQUESNE LIGHT HOLDINGS                        | Duquesne Light Holdings, Inc.                                                 | CUSIP: 266233AJ4<br>LEI: 4CUJ1D8WDXK9X7QI6B93 | Long             | DBT              | CORP              | US        |    642000 | PA      | $568695.50    | 0.06%             | 2032-01-07      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                    | FIGRE Trust                                                                   | CUSIP: 316927AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    287467 | PA      | $294832.62    | 0.03%             | 2054-05-25      | Variable      | 6.38%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA, Inc.                                                                     | CUSIP: 404119CU1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    690000 | PA      | $716278.43    | 0.08%             | 2034-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| NASDAQ INC                                     | Nasdaq, Inc.                                                                  | CUSIP: 63111XAJ0<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1359737.22   | 0.16%             | 2034-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132CWDV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     60075 | PA      | $57156.23     | 0.01%             | 2034-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TYSN 2023-CRNR Mortgage Trust                  | TYSN Mortgage Trust                                                           | CUSIP: 87332PAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    924755 | PA      | $976398.22    | 0.11%             | 2033-12-10      | Variable      | 6.80%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom, Inc.                                                                | CUSIP: 11135FCY5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1221000 | PA      | $1217274.91   | 0.14%             | 2036-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3142GRP38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    873856 | PA      | $905995.56    | 0.10%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 74943AAA0<br>LEI: 254900E35NYYFOUTHD06 | Long             | ABS-MBS          | CORP              | US        |    371383 | PA      | $374778.51    | 0.04%             | 2055-07-25      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3142GTLB0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1475866 | PA      | $1491774.92   | 0.17%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                        | Arthur J Gallagher & Co.                                                      | CUSIP: 04316JAM1<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    124000 | PA      | $126514.27    | 0.01%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Trust                                                                      | CUSIP: 12433GAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    758000 | PA      | $760131.88    | 0.09%             | 2042-07-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Intuit Inc                                     | Intuit, Inc.                                                                  | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      7217 | NS      | $4928561.47   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XHCF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    229323 | PA      | $212926.67    | 0.02%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Croton Park CLO Ltd                            | Croton Park CLO Ltd.                                                          | CUSIP: 227800AC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    594000 | PA      | $594880.90    | 0.07%             | 2036-10-15      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                         | Marlette Funding Trust                                                        | CUSIP: 57109LAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10401 | PA      | $10406.41     | 0.00%             | 2033-06-15      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Trust                                                                      | CUSIP: 05610AAW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    486203 | PA      | $485443.49    | 0.06%             | 2039-04-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                    | FIGRE Trust                                                                   | CUSIP: 31684GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    197799 | PA      | $201677.65    | 0.02%             | 2054-07-25      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust                             | Aqua Finance Trust                                                            | CUSIP: 03842VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90474 | PA      | $83859.69     | 0.01%             | 2046-07-17      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust   | Arivo Acceptance Auto Loan Receivables Trust                                  | CUSIP: 04047EAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4029 | PA      | $4028.67      | 0.00%             | 2028-05-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                        | CF Hippolyta Issuer LLC                                                       | CUSIP: 12530MAM7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2055126 | PA      | $1967691.92   | 0.22%             | 2062-08-15      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm, Inc.                                                               | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    371000 | PA      | $383598.80    | 0.04%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Accenture PLC                                  | Accenture PLC                                                                 | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |     11545 | NS      | $2846997.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MGDG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28338 | PA      | $25149.77     | 0.00%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XL5Y0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    517535 | PA      | $508493.19    | 0.06%             | 2050-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VASA Trust                                     | VASA Trust                                                                    | CUSIP: 92230AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    425000 | PA      | $415469.67    | 0.05%             | 2039-07-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp.                                                         | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2959000 | PA      | $3074308.09   | 0.35%             | 2036-02-12      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Babson CLO Ltd                                 | Barings Loan Partners CLO Ltd. 5                                              | CUSIP: 06764CAA4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    895249 | PA      | $894493.41    | 0.10%             | 2035-01-20      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DSFH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    869173 | PA      | $896196.99    | 0.10%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                                   | Voya CLO Ltd.                                                                 | CUSIP: 92920KAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    386336 | PA      | $386561.23    | 0.04%             | 2037-07-20      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                          | Athene Global Funding                                                         | CUSIP: 04685A3E9<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |    712000 | PA      | $634123.48    | 0.07%             | 2031-10-04      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XPP52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    572264 | PA      | $595603.88    | 0.07%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133B42A2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    264793 | PA      | $227448.65    | 0.03%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust                                                  | CUSIP: 05614JAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    220000 | PA      | $226835.84    | 0.03%             | 2046-11-13      | Variable      | 6.40%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limited               | Bain Capital Credit CLO Ltd.                                                  | CUSIP: 05682CAL1<br>LEI: 254900QJNS3TYDIDQH27 | Long             | ABS-CBDO         | CORP              | KY        |   1747000 | PA      | $1754861.50   | 0.20%             | 2038-10-24      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Federal Home Loan Mortgage Corp. STACR REMICS Trust                           | CUSIP: 35564NGZ0<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | USGSE             | US        |    612700 | PA      | $612697.94    | 0.07%             | 2045-02-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                            | American Express Co.                                                          | CUSIP: 025816EK1<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    865000 | PA      | $880058.24    | 0.10%             | 2033-07-20      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XMC53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    126889 | PA      | $112631.53    | 0.01%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes        | Santander Bank Auto Credit-Linked Notes                                       | CUSIP: 80290CBD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     47739 | PA      | $47982.05     | 0.01%             | 2032-08-16      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Vistra Corp                                    | Vistra Corp.                                                                  | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     12791 | NS      | $2506012.72   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Extended Stay America Trust                    | Extended Stay America Trust                                                   | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    531000 | PA      | $531995.57    | 0.06%             | 2042-10-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                         | Sequoia Mortgage Trust                                                        | CUSIP: 81745AAA5<br>LEI: 549300671OK77JNRLK28 | Long             | ABS-MBS          | CORP              | US        |     88696 | PA      | $77841.46     | 0.01%             | 2043-05-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QNBU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    968499 | PA      | $821195.09    | 0.09%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XGJ67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     58885 | PA      | $54899.88     | 0.01%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QBPV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17557 | PA      | $17255.40     | 0.00%             | 2049-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer II, LLC             | Compass Datacenters Issuer II LLC                                             | CUSIP: 20469CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1329000 | PA      | $1345616.22   | 0.15%             | 2050-05-25      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3131Y0QS4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     82511 | PA      | $81079.84     | 0.01%             | 2048-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - SLST                             | Seasoned Loans Structured Transaction Trust                                   | CUSIP: 35564CGD3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     93619 | PA      | $92918.74     | 0.01%             | 2060-09-25      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                              | General Motors Co.                                                            | CUSIP: 37045VBB5<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    420000 | PA      | $441719.75    | 0.05%             | 2035-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                     | Humana, Inc.                                                                  | CUSIP: 444859BY7<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    544000 | PA      | $572157.93    | 0.07%             | 2034-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Progressive Corp/The                           | Progressive Corp.                                                             | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     38440 | NS      | $9492758.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 3617B14A8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     33155 | PA      | $31274.76     | 0.00%             | 2047-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                               | LPL Holdings, Inc.                                                            | CUSIP: 50212YAP9<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    490000 | PA      | $498725.08    | 0.06%             | 2030-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Vertex Pharmaceuticals Inc                     | Vertex Pharmaceuticals, Inc.                                                  | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      9460 | NS      | $3704914.40   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 749410AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    508327 | PA      | $510085.04    | 0.06%             | 2044-09-25      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Federal Home Loan Mortgage Corp. STACR REMICS Trust                           | CUSIP: 35564KKY4<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | USGSE             | US        |    165087 | PA      | $165526.15    | 0.02%             | 2041-10-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Union Pacific Corp                             | Union Pacific Corp.                                                           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     14007 | NS      | $3310834.59   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                       | Organon & Co./Organon Foreign Debt Co-Issuer BV                               | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    869000 | PA      | $805042.47    | 0.09%             | 2034-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                              | Johnson & Johnson                                                             | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     31700 | NS      | $5877814.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140NJD27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23244 | PA      | $23255.17     | 0.00%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                  | AppLovin Corp.                                                                | CUSIP: 03831WAC2<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    721000 | PA      | $745856.96    | 0.09%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Federal National Mortgage Association Connecticut Avenue Securities Trust     | CUSIP: 20753CAB6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    338398 | PA      | $339424.78    | 0.04%             | 2045-07-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XHL21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    576517 | PA      | $537166.13    | 0.06%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QPHP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1004477 | PA      | $933251.53    | 0.11%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Genesee & Wyoming Inc (New)                    | Genesee & Wyoming, Inc.                                                       | CUSIP: 37156QAZ9<br>LEI: G617XSG94Z7G0RMW3L02 | Long             | LON              | CORP              | US        |   1507394 | PA      | $1500902.99   | 0.17%             | 2031-04-10      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                | Benefit Street Partners CLO XV Ltd.                                           | CUSIP: 08179MAN9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1283000 | PA      | $1288847.91   | 0.15%             | 2037-07-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPCO                        | Columbia Pipelines Operating Co. LLC                                          | CUSIP: 19828TAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    103000 | PA      | $109854.07    | 0.01%             | 2043-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc                | Philip Morris International, Inc.                                             | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     23504 | NS      | $3812348.80   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CITADEL SECURITIES GLOBA                       | Citadel Securities Global Holdings LLC                                        | CUSIP: 17289RAB2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    250000 | PA      | $262618.86    | 0.03%             | 2035-06-18      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133A73R8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     41414 | PA      | $35713.90     | 0.00%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                                   | AGL CLO 26 Ltd.                                                               | CUSIP: 00852HAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1267000 | PA      | $1272118.68   | 0.15%             | 2038-10-21      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MLUD0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     44734 | PA      | $43594.95     | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DNA86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1090695 | PA      | $930255.66    | 0.11%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133BPL22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14866 | PA      | $14904.48     | 0.00%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                       | Occidental Petroleum Corp.                                                    | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    296000 | PA      | $317141.21    | 0.04%             | 2030-09-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                              | Brown & Brown, Inc.                                                           | CUSIP: 115236AK7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    206000 | PA      | $208767.96    | 0.02%             | 2030-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                    | Exelon Corp.                                                                  | CUSIP: 30161NBN0<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    679000 | PA      | $704732.51    | 0.08%             | 2034-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133B7F86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     27409 | PA      | $25469.10     | 0.00%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp                                  | Amphenol Corp.                                                                | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     56136 | NS      | $6946830.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| BPR Trust                                      | BPR Trust                                                                     | CUSIP: 05610WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    831000 | PA      | $873616.92    | 0.10%             | 2038-10-05      | Variable      | 7.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133B7FX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    116898 | PA      | $104253.86    | 0.01%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3138EPX33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27575 | PA      | $27598.56     | 0.00%             | 2042-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XJAP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    407785 | PA      | $401467.90    | 0.05%             | 2050-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Hilton Worldwide Holdings Inc                  | Hilton Worldwide Holdings, Inc.                                               | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     16517 | NS      | $4285170.48   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140JLKM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28712 | PA      | $27573.71     | 0.00%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                 | Rocket Cos., Inc.                                                             | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    374000 | PA      | $383843.68    | 0.04%             | 2030-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XP4X4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    267670 | PA      | $279374.65    | 0.03%             | 2054-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Federal National Mortgage Association Connecticut Avenue Securities Trust     | CUSIP: 20754QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    385453 | PA      | $393405.15    | 0.04%             | 2043-05-25      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust                           | LHOME Mortgage Trust                                                          | CUSIP: 50205YAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260000 | PA      | $260692.12    | 0.03%             | 2040-08-25      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 3617AUZW3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     91841 | PA      | $87524.31     | 0.01%             | 2047-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Federal Home Loan Mortgage Corp. STACR REMICS Trust                           | CUSIP: 35564KNK1<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | USGSE             | US        |    534603 | PA      | $534768.64    | 0.06%             | 2041-12-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                     | AbbVie, Inc.                                                                  | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     25387 | NS      | $5878105.98   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust                                                  | CUSIP: 05613NAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1070787 | PA      | $1076475.56   | 0.12%             | 2041-10-15      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                               | GWT Trust                                                                     | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1141000 | PA      | $1143139.38   | 0.13%             | 2041-05-15      | Floating      | 5.84%                 | No            |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust            | Homeward Opportunities Fund Trust                                             | CUSIP: 437919AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    675000 | PA      | $678420.97    | 0.08%             | 2040-03-25      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XFMH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    555340 | PA      | $477021.21    | 0.05%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DUYU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    213628 | PA      | $189317.89    | 0.02%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                        | Arthur J Gallagher & Co.                                                      | CUSIP: 04316JAN9<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    309000 | PA      | $312653.47    | 0.04%             | 2035-02-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                        | American Electric Power Co., Inc.                                             | CUSIP: 025537AX9<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    893000 | PA      | $938716.58    | 0.11%             | 2033-03-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                         | Blue Owl Credit Income Corp.                                                  | CUSIP: 69120VAF8<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    113000 | PA      | $112804.92    | 0.01%             | 2027-02-08      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BX Trust 2019-OC11                             | BX Trust                                                                      | CUSIP: 05606FAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    173000 | PA      | $164892.42    | 0.02%             | 2041-12-09      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                          | Quikrete Holdings, Inc.                                                       | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    608000 | PA      | $629793.15    | 0.07%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                                 | Solventum Corp.                                                               | CUSIP: 83444MAR2<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |   1703000 | PA      | $1773043.33   | 0.20%             | 2034-03-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                       | Madison Park Funding LXXIII Ltd.                                              | CUSIP: 55823HAA9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    872000 | PA      | $875910.05    | 0.10%             | 2038-10-17      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust        | Saluda Grade Alternative Mortgage Trust                                       | CUSIP: 79581UAA2<br>LEI: 213800ETGZN4SIG56R83 | Long             | ABS-O            | CORP              | US        |    442946 | PA      | $458871.54    | 0.05%             | 2053-11-25      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| Vantage Data Centers LLC                       | Vantage Data Centers LLC                                                      | CUSIP: 92212KAC0<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |    596000 | PA      | $564515.41    | 0.06%             | 2045-09-15      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                          | Foundry JV Holdco LLC                                                         | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |    741000 | PA      | $771949.16    | 0.09%             | 2034-01-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust                  | Life Mortgage Trust                                                           | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    886000 | PA      | $861635.00    | 0.10%             | 2039-05-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific Inc                   | Thermo Fisher Scientific, Inc.                                                | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     10869 | NS      | $5271682.38   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                          | Costco Wholesale Corp.                                                        | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      4258 | NS      | $3941332.54   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES                         | PNC Financial Services Group, Inc.                                            | CUSIP: 693475CC7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    395000 | PA      | $412143.70    | 0.05%             | 2036-01-29      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 31334YMG9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8885 | PA      | $7823.55      | 0.00%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| THE 2023-MIC Trust                             | MIC Trust                                                                     | CUSIP: 87256GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    584328 | PA      | $632873.39    | 0.07%             | 2038-12-05      | Variable      | 8.73%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179WJS8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    783718 | PA      | $700305.96    | 0.08%             | 2051-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                    | OCP CLO Ltd.                                                                  | CUSIP: 671078AY9<br>LEI: 254900MN6N176YEZLX15 | Long             | ABS-CBDO         | CORP              | KY        |    337764 | PA      | $338170.67    | 0.04%             | 2037-07-20      | Floating      | 5.90%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 74942BAA9<br>LEI: 2549001985H26N17CK52 | Long             | ABS-MBS          | CORP              | US        |    391972 | PA      | $395501.51    | 0.05%             | 2055-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                          | Uber Technologies, Inc.                                                       | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     65871 | NS      | $6453381.87   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| DB Master Finance LLC                          | DB Master Finance LLC                                                         | CUSIP: 233046AF8<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |    167425 | PA      | $165509.56    | 0.02%             | 2047-11-20      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133BAFM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    115732 | PA      | $106515.68    | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WENDYS FUNDING LLC                             | Wendy's Funding LLC                                                           | CUSIP: 95058XAL2<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |    353315 | PA      | $316638.34    | 0.04%             | 2051-06-15      | Fixed         | 2.78%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DPBH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    150542 | PA      | $133625.58    | 0.02%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Regatta XXIII Funding Ltd                      | Regatta XXIII Funding Ltd.                                                    | CUSIP: 75889FAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    264465 | PA      | $264959.02    | 0.03%             | 2035-01-20      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance Trust        | Mello Mortgage Capital Acceptance                                             | CUSIP: 58550DAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    286675 | PA      | $280564.82    | 0.03%             | 2054-04-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133BPUK2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    449137 | PA      | $450305.56    | 0.05%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust                           | LHOME Mortgage Trust                                                          | CUSIP: 50205JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    249645 | PA      | $251853.96    | 0.03%             | 2029-03-25      | Variable      | 7.13%                 | No            |                  2 | On Loan: No      |
| NIKE Inc                                       | NIKE, Inc.                                                                    | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     61152 | NS      | $4264128.96   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132E0N24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    475204 | PA      | $495736.63    | 0.06%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 749420AA3<br>LEI: 254900HS4CN69R7ARQ97 | Long             | ABS-MBS          | CORP              | US        |    228240 | PA      | $230928.16    | 0.03%             | 2055-03-25      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QUBC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    564060 | PA      | $579201.83    | 0.07%             | 2054-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                      | Sunoco LP                                                                     | CUSIP: 86765KAB5<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    908000 | PA      | $940148.65    | 0.11%             | 2029-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                   | State Street Navigator Securities Lending Government Money Market Portfolio   | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   2663088 | NS      | $2663087.50   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust 2019-OC11                             | BX Trust                                                                      | CUSIP: 05606FAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    481000 | PA      | $457788.29    | 0.05%             | 2041-12-09      | Fixed         | 3.86%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bonds                                                           | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  21966000 | PA      | $22456802.81  | 2.57%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133C2UD8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    215922 | PA      | $216483.76    | 0.02%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KRE Commercial Mortgage Trust 2025-AIP4        | KRE Commercial Mortgage Trust                                                 | CUSIP: 50077KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    749000 | PA      | $748063.75    | 0.09%             | 2042-03-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132Y2B54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6695 | PA      | $6782.60      | 0.00%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA, Inc.                                                                     | CUSIP: 404119CK3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    450000 | PA      | $422168.37    | 0.05%             | 2032-03-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                       | Occidental Petroleum Corp.                                                    | CUSIP: 674599EK7<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    852000 | PA      | $866468.66    | 0.10%             | 2032-01-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 74938KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    655563 | PA      | $662499.04    | 0.08%             | 2044-08-25      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                           | Alpha Generation LLC                                                          | CUSIP: 02072UAC6<br>LEI: 254900K5V62L4YGVKF49 | Long             | LON              | CORP              | US        |    553410 | PA      | $552545.57    | 0.06%             | 2031-09-30      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133C7NJ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    214328 | PA      | $219253.83    | 0.03%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp.                                                              | CUSIP: 126650EJ5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    299000 | PA      | $302658.71    | 0.03%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                               | DT Midstream, Inc.                                                            | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    959000 | PA      | $935661.92    | 0.11%             | 2029-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The           | PNC Financial Services Group, Inc.                                            | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     20939 | NS      | $4207273.27   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31418DFQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    334594 | PA      | $297555.20    | 0.03%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                               | Duke Energy Corp.                                                             | CUSIP: 26441CCE3<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1332000 | PA      | $1385477.46   | 0.16%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| SOLVENTUM CORP                                 | Solventum Corp.                                                               | CUSIP: 83444MAQ4<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |   1292000 | PA      | $1347299.86   | 0.15%             | 2031-03-13      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                              | Brown & Brown, Inc.                                                           | CUSIP: 115236AM3<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     96000 | PA      | $98750.54     | 0.01%             | 2035-06-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Gracie Point International Funding             | Gracie Point International Funding LLC                                        | CUSIP: 38410KAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    287000 | PA      | $287557.87    | 0.03%             | 2028-03-01      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                         | PNC Financial Services Group, Inc.                                            | CUSIP: 693475BU8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    950000 | PA      | $1076305.14   | 0.12%             | 2034-10-20      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MJ7G4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    305108 | PA      | $282581.08    | 0.03%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140NPYA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26071 | PA      | $26670.26     | 0.00%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Federal Home Loan Mortgage Corp. STACR REMICS Trust                           | CUSIP: 35564KE39<br>LEI: 5493000IRJ8RDHSNEL96 | Long             | ABS-MBS          | USGSE             | US        |    157194 | PA      | $159529.23    | 0.02%             | 2042-08-25      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                            | Medline Borrower LP                                                           | CUSIP: 58503UAF0<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |    918062 | PA      | $918007.42    | 0.10%             | 2028-10-23      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | U.S. Bancorp                                                                  | CUSIP: 91159HJB7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    857000 | PA      | $738820.60    | 0.08%             | 2036-11-03      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Federal National Mortgage Association Connecticut Avenue Securities Trust     | CUSIP: 20754EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    260432 | PA      | $261244.01    | 0.03%             | 2043-07-25      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                   | Synopsys, Inc.                                                                | CUSIP: 871607AD9<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |    542000 | PA      | $553868.12    | 0.06%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CBAMR Ltd                                      | CBAMR Ltd.                                                                    | CUSIP: 12516LAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    588000 | PA      | $590109.16    | 0.07%             | 2038-10-17      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                     | Intel Corp.                                                                   | CUSIP: 458140BH2<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    244000 | PA      | $226583.68    | 0.03%             | 2029-11-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140HFFE4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     75834 | PA      | $73288.33     | 0.01%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                | OHA Credit Funding 7 Ltd.                                                     | CUSIP: 67098WAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    812000 | PA      | $814030.00    | 0.09%             | 2038-07-19      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 749424AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    349047 | PA      | $352582.73    | 0.04%             | 2044-02-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy, Inc.                                                              | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    767000 | PA      | $767110.16    | 0.09%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                       | MSCI, Inc.                                                                    | CUSIP: 55354GAK6<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    992000 | PA      | $946823.30    | 0.11%             | 2030-09-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140HAMH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     30872 | PA      | $27182.78     | 0.00%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                               | LPL Holdings, Inc.                                                            | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    608000 | PA      | $623468.22    | 0.07%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Federal National Mortgage Association Connecticut Avenue Securities Trust     | CUSIP: 20754KAB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1348574 | PA      | $1364797.70   | 0.16%             | 2041-11-25      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| Moody's Corp                                   | Moody's Corp.                                                                 | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      4703 | NS      | $2240885.44   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Vantage Data Centers LLC                       | Vantage Data Centers Issuer LLC                                               | CUSIP: 92212KAD8<br>LEI: 5493000RL8X7WTQ7HO20 | Long             | ABS-O            | CORP              | US        |   1953558 | PA      | $1902238.62   | 0.22%             | 2046-10-15      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                              | Brown & Brown, Inc.                                                           | CUSIP: 115236AF8<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    845000 | PA      | $744236.59    | 0.09%             | 2052-03-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                         | Blue Owl Credit Income Corp.                                                  | CUSIP: 69120VBB6<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    371000 | PA      | $397376.87    | 0.05%             | 2028-06-13      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                | CUSIP: 61747YFG5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    774000 | PA      | $806431.47    | 0.09%             | 2034-07-21      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                        | GLP Capital LP/GLP Financing II, Inc.                                         | CUSIP: 361841AL3<br>LEI: N/A                  | Long             | DBT              |  | US        |     73000 | PA      | $74335.02     | 0.01%             | 2029-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies               | Carlyle U.S. CLO Ltd.                                                         | CUSIP: 14318GAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1132000 | PA      | $1138005.26   | 0.13%             | 2038-07-20      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QNF98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    214501 | PA      | $190360.02    | 0.02%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QSTH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    205607 | PA      | $204259.87    | 0.02%             | 2053-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 31329Q5T4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     16134 | PA      | $15933.31     | 0.00%             | 2049-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                        | Flagstar Mortgage Trust                                                       | CUSIP: 33853HAB7<br>LEI: 549300H3PON1KOB2RF56 | Long             | ABS-MBS          | CORP              | US        |   1158892 | PA      | $1000631.73   | 0.11%             | 2051-12-30      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Corteva Inc                                    | Corteva, Inc.                                                                 | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     34926 | NS      | $2362045.38   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140FXUY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    232827 | PA      | $194494.88    | 0.02%             | 2062-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust                                                  | CUSIP: 05609VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    745998 | PA      | $743666.42    | 0.08%             | 2036-09-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Lex Commercial Loan Master Trust               | LEX Mortgage Trust                                                            | CUSIP: 52885AAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215000 | PA      | $216285.03    | 0.02%             | 2033-10-13      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140FXF72<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8947 | PA      | $7818.60      | 0.00%             | 2057-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC             | CyrusOne Data Centers Issuer I LLC                                            | CUSIP: 23284BAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135000 | PA      | $132738.71    | 0.02%             | 2049-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                   | GS Mortgage Securities Corp. Trust                                            | CUSIP: 36273XAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1159000 | PA      | $1160642.19   | 0.13%             | 2041-11-25      | Floating      | 6.79%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133B2LX5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    110757 | PA      | $95492.64     | 0.01%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179SQV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1096377 | PA      | $993420.46    | 0.11%             | 2046-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DNHU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    604995 | PA      | $595714.24    | 0.07%             | 2050-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Trust                                                                      | CUSIP: 05613UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    861000 | PA      | $859116.56    | 0.10%             | 2035-02-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| CME Group Inc                                  | CME Group, Inc.                                                               | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     17116 | NS      | $4624572.04   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                       | BX Trust                                                                      | CUSIP: 05609BAV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    737035 | PA      | $736574.06    | 0.08%             | 2036-02-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132E0XX5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    217201 | PA      | $223624.39    | 0.03%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Federal Home Loan Mortgage Corp. STACR REMICS Trust                           | CUSIP: 35564KNS4<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | USGSE             | US        |    258132 | PA      | $260713.32    | 0.03%             | 2041-12-25      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust                                                  | CUSIP: 05609VAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    710151 | PA      | $707931.80    | 0.08%             | 2036-09-15      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133BAFN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     35519 | PA      | $32736.96     | 0.00%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140K3SF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9680 | PA      | $9308.65      | 0.00%             | 2034-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                       | Angel Oak Mortgage Trust                                                      | CUSIP: 03464KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25348 | PA      | $25059.20     | 0.00%             | 2049-10-25      | Variable      | 2.59%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                         | PNC Financial Services Group, Inc.                                            | CUSIP: 693475BZ7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    910000 | PA      | $941977.31    | 0.11%             | 2035-07-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3131Y8MN2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    109709 | PA      | $108654.40    | 0.01%             | 2048-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LBA Trust                                      | LBA Trust                                                                     | CUSIP: 50177BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    752511 | PA      | $753451.64    | 0.09%             | 2039-06-15      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    968000 | PA      | $998829.45    | 0.11%             | 2035-07-19      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31418C4F8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    195233 | PA      | $187457.64    | 0.02%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc                                     | Zoetis, Inc.                                                                  | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     20093 | NS      | $2940007.76   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140J8K28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    274028 | PA      | $247761.58    | 0.03%             | 2047-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust            | Homeward Opportunities Fund Trust                                             | CUSIP: 43789GAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    424000 | PA      | $425585.72    | 0.05%             | 2039-09-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133BX6G1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     63937 | PA      | $63900.50     | 0.01%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                  | Carnival Corp.                                                                | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    670000 | PA      | $681844.26    | 0.08%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179TXV2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    556753 | PA      | $533918.27    | 0.06%             | 2048-05-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3138ENRH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     60732 | PA      | $60495.97     | 0.01%             | 2044-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust                             | A&D Mortgage Trust                                                            | CUSIP: 00039KAC4<br>LEI: 9845006Z1DC68561N347 | Long             | ABS-MBS          | CORP              | US        |    269653 | PA      | $271402.54    | 0.03%             | 2069-11-25      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp                              | Lam Research Corp.                                                            | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     51346 | NS      | $6875229.40   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Elmwood CLO X Ltd                              | Elmwood CLO X Ltd.                                                            | CUSIP: 29002VAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    766000 | PA      | $767905.81    | 0.09%             | 2038-07-20      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 74938PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    971296 | PA      | $982989.63    | 0.11%             | 2044-04-25      | Variable      | 6.14%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Federal Home Loan Mortgage Corp. STACR REMICS Trust                           | CUSIP: 35564K2F5<br>LEI: 5493000KIGZAWUOW4E32 | Long             | ABS-MBS          | USGSE             | US        |     22298 | PA      | $22396.54     | 0.00%             | 2043-06-25      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| CRB Securitization Trust                       | CRB Securitization Trust                                                      | CUSIP: 12670DAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      7016 | PA      | $7026.61      | 0.00%             | 2033-10-20      | Fixed         | 6.96%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                      | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F0526A5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    969000 | PA      | $976982.59    | 0.11%             | 2054-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DNH30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     76314 | PA      | $71149.03     | 0.01%             | 2052-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133G62Q7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     52371 | PA      | $50747.94     | 0.01%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                                | Xcel Energy, Inc.                                                             | CUSIP: 98389BBE9<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    438000 | PA      | $454047.20    | 0.05%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| WENDYS FUNDING LLC                             | Wendy's Funding LLC                                                           | CUSIP: 95058XAK4<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |    132991 | PA      | $123507.62    | 0.01%             | 2051-06-15      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                               | Berry Global, Inc.                                                            | CUSIP: 08576BAB8<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1309000 | PA      | $1383995.95   | 0.16%             | 2031-06-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS II LLC                          | QTS Issuer ABS II LLC                                                         | CUSIP: 74690FAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    840000 | PA      | $837087.03    | 0.10%             | 2055-10-05      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                               | DT Midstream, Inc.                                                            | CUSIP: 23345MAC1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    288000 | PA      | $275459.19    | 0.03%             | 2032-04-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| OPEN Trust                                     | OPEN Trust                                                                    | CUSIP: 68373BAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    165551 | PA      | $165654.68    | 0.02%             | 2040-11-15      | Floating      | 9.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Federal National Mortgage Association Connecticut Avenue Securities Trust     | CUSIP: 20754TAC6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    238924 | PA      | $238922.83    | 0.03%             | 2045-02-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XJQN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     29350 | PA      | $26052.49     | 0.00%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MNNA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     56237 | PA      | $52166.47     | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3138EPHU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    100527 | PA      | $100136.35    | 0.01%             | 2045-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QDFP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     71023 | PA      | $67765.95     | 0.01%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                       | Capital One Financial Corp.                                                   | CUSIP: 14040HDE2<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    214000 | PA      | $222178.02    | 0.03%             | 2030-02-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer III, LLC            | Compass Datacenters Issuer III LLC                                            | CUSIP: 20469BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    731000 | PA      | $746537.84    | 0.09%             | 2050-02-25      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 3617BA5W9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     12169 | PA      | $11660.10     | 0.00%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                        | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141GC44<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    830000 | PA      | $866390.63    | 0.10%             | 2036-01-28      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                    | Extended Stay America Trust                                                   | CUSIP: 30227FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    361765 | PA      | $361765.47    | 0.04%             | 2038-07-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Cruises Ltd                    | Royal Caribbean Cruises Ltd.                                                  | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |     18353 | NS      | $5938663.74   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudsons Bay Simon JV Trust                     | Hudsons Bay Simon JV Trust                                                    | CUSIP: 44422PAU6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     33585 | PA      | $33555.96     | 0.00%             | 2034-08-05      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Federal National Mortgage Association Connecticut Avenue Securities Trust     | CUSIP: 20755CAA6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    223246 | PA      | $223455.11    | 0.03%             | 2043-10-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                 | Microsoft Corp.                                                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     84796 | NS      | $43920088.20  | 5.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NRZ Excess Spread Collateralized Notes         | NRZ Excess Spread-Collateralized Notes                                        | CUSIP: 433674AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     85148 | PA      | $84843.08     | 0.01%             | 2025-12-25      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DNHN6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    530724 | PA      | $456815.14    | 0.05%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Ltd                | Benefit Street Partners CLO 43 Ltd.                                           | CUSIP: 08179QAA8<br>LEI: 254900TPMKEES6UQHQ33 | Long             | ABS-CBDO         | CORP              | KY        |   1006000 | PA      | $1006433.59   | 0.12%             | 2038-10-20      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3138WQJB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     44585 | PA      | $40955.87     | 0.00%             | 2043-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL                       | Viper Energy Partners LLC                                                     | CUSIP: 92764MAB0<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    614000 | PA      | $624266.08    | 0.07%             | 2035-08-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                       | Capital One Financial Corp.                                                   | CUSIP: 14040HDH5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    944000 | PA      | $990046.08    | 0.11%             | 2035-07-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QTHG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    301068 | PA      | $309423.31    | 0.04%             | 2053-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                        | Booz Allen Hamilton, Inc.                                                     | CUSIP: 09951LAC7<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    932000 | PA      | $978741.33    | 0.11%             | 2033-08-04      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MHTA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    429263 | PA      | $381918.64    | 0.04%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132E0WG3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    553823 | PA      | $588714.32    | 0.07%             | 2053-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Federal Home Loan Mortgage Corp. STACR REMICS Trust                           | CUSIP: 35564KJP5<br>LEI: 5493000ISHRHX47NOH65 | Long             | ABS-MBS          | USGSE             | US        |    194114 | PA      | $195144.75    | 0.02%             | 2041-09-25      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc                  | Intercontinental Exchange, Inc.                                               | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     29291 | NS      | $4934947.68   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| FIGRE Trust                                    | FIGRE Trust                                                                   | CUSIP: 31684MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    292836 | PA      | $293942.45    | 0.03%             | 2055-08-25      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Notes                                                           | CUSIP: 91282CNW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    322300 | PA      | $321343.17    | 0.04%             | 2032-08-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                       | Neuberger Berman CLO 32R Ltd.                                                 | CUSIP: 64135XAA9<br>LEI: 25490093SHVBS5BLDZ40 | Long             | ABS-CBDO         | CORP              | KY        |    788611 | PA      | $790259.20    | 0.09%             | 2039-07-20      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133AQP92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    154234 | PA      | $131142.70    | 0.01%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GCAT                                           | GCAT Trust                                                                    | CUSIP: 36168YAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    779129 | PA      | $675144.77    | 0.08%             | 2051-12-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy, Inc.                                                              | CUSIP: 629377DB5<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    519000 | PA      | $520765.12    | 0.06%             | 2035-10-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Stryker Corp                                   | Stryker Corp.                                                                 | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     11622 | NS      | $4296304.74   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                         | Trane Technologies PLC                                                        | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     11822 | NS      | $4988411.12   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DQGE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    174653 | PA      | $178326.31    | 0.02%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWDR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    631218 | PA      | $532645.76    | 0.06%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140NPNG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27502 | PA      | $27555.79     | 0.00%             | 2053-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133C5FR7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     26426 | PA      | $26288.46     | 0.00%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140NKCV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     25605 | PA      | $25617.86     | 0.00%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy, Inc.                                                              | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    409000 | PA      | $408582.55    | 0.05%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140Q7DN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     44832 | PA      | $42221.37     | 0.00%             | 2047-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QM6T6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     77119 | PA      | $71943.78     | 0.01%             | 2052-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 31346YPV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     57394 | PA      | $51139.65     | 0.01%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust                                                  | CUSIP: 123910AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    368204 | PA      | $369239.76    | 0.04%             | 2039-12-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133BVVE2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20998 | PA      | $21052.63     | 0.00%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                    | NVIDIA Corp.                                                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    277673 | NS      | $51808228.34  | 5.92%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp.                                                              | CUSIP: 126650DU1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    109000 | PA      | $111522.90    | 0.01%             | 2033-02-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 3622A2UF7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    482836 | PA      | $476526.74    | 0.05%             | 2046-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Chevron Corp                                   | Chevron Corp.                                                                 | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36875 | NS      | $5726318.75   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKSTONE PRIVATE CRE                         | Blackstone Private Credit Fund                                                | CUSIP: 09261HBC0<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |    604000 | PA      | $645176.11    | 0.07%             | 2028-11-27      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust        | Saluda Grade Alternative Mortgage Trust                                       | CUSIP: 79581VAA0<br>LEI: 213800ETGZN4SIG56R83 | Long             | ABS-MBS          | CORP              | US        |    241164 | PA      | $243716.30    | 0.03%             | 2054-03-25      | Variable      | 6.31%                 | No            |                  2 | On Loan: No      |
| Adobe Inc                                      | Adobe, Inc.                                                                   | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      6894 | NS      | $2431858.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Debt Capital CLO, Ltd                    | Texas Debt Capital CLO Ltd.                                                   | CUSIP: 88239MAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    934000 | PA      | $937492.23    | 0.11%             | 2037-10-21      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QELR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1704756 | PA      | $1467726.96   | 0.17%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Federal Home Loan Mortgage Corp. STACR REMICS Trust                           | CUSIP: 35564NHZ9<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | USGSE             | US        |    151841 | PA      | $152043.50    | 0.02%             | 2045-05-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| BLUE OWL FINANCE LLC                           | Blue Owl Finance LLC                                                          | CUSIP: 09581JAT3<br>LEI: 254900OF2NO2GYFV5T41 | Long             | DBT              | CORP              | US        |    960000 | PA      | $1006774.67   | 0.12%             | 2034-04-18      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140NAMH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32066 | PA      | $32081.49     | 0.00%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 74939WAA8<br>LEI: 254900FCN7EI8DTYGA19 | Long             | ABS-MBS          | CORP              | US        |    516810 | PA      | $519738.28    | 0.06%             | 2055-08-25      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| Toorak Mortgage Corp.                          | Toorak Mortgage Trust                                                         | CUSIP: 89053JAB3<br>LEI: 25490023B58UP9CM5N96 | Long             | ABS-MBS          | CORP              | US        |    260000 | PA      | $261714.41    | 0.03%             | 2040-02-25      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MNP67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    160864 | PA      | $148892.95    | 0.02%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XNVU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2179975 | PA      | $1865535.65   | 0.21%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund                | Bayview MSR Opportunity Master Fund Trust                                     | CUSIP: 07336NAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    430192 | PA      | $371960.61    | 0.04%             | 2051-12-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133B6F54<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     38204 | PA      | $32816.02     | 0.00%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MHU56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     58325 | PA      | $53837.96     | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                        | CF Hippolyta Issuer LLC                                                       | CUSIP: 12530MAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    721779 | PA      | $697661.31    | 0.08%             | 2062-08-15      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                                   | Alphabet, Inc.                                                                | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    112686 | NS      | $27444675.30  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                   | Broadcom, Inc.                                                                | CUSIP: 11135FCX7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    874000 | PA      | $869317.27    | 0.10%             | 2038-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MJ6R1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    381277 | PA      | $340080.72    | 0.04%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                    | SREIT Trust                                                                   | CUSIP: 78472UAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     83884 | PA      | $83805.52     | 0.01%             | 2038-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust          | Wells Fargo Commercial Mortgage Trust                                         | CUSIP: 94990GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1014000 | PA      | $1017839.00   | 0.12%             | 2038-03-15      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Federal Home Loan Mortgage Corp. STACR REMICS Trust                           | CUSIP: 35564KT58<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-MBS          | USGSE             | US        |    164205 | PA      | $166458.64    | 0.02%             | 2043-04-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust                                                  | CUSIP: 12433FAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    431279 | PA      | $432087.43    | 0.05%             | 2040-04-15      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                             | Royalty Pharma PLC                                                            | CUSIP: 78081BAM5<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |    782000 | PA      | $549410.54    | 0.06%             | 2050-09-02      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 3622A2QL9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    347763 | PA      | $335349.47    | 0.04%             | 2045-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Walt Disney Co/The                             | Walt Disney Co.                                                               | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     71980 | NS      | $8241710.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MSNE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    107496 | PA      | $107775.53    | 0.01%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                    | FIGRE Trust                                                                   | CUSIP: 31684PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    261139 | PA      | $263092.87    | 0.03%             | 2055-07-25      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos Inc                       | Marsh & McLennan Cos., Inc.                                                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     15725 | NS      | $3169059.25   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC             | CyrusOne Data Centers Issuer I LLC                                            | CUSIP: 23284BAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1339000 | PA      | $1300630.96   | 0.15%             | 2049-05-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 749414AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    792970 | PA      | $794860.38    | 0.09%             | 2044-10-25      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133C37K6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     70803 | PA      | $70986.85     | 0.01%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                          | Civitas Resources, Inc.                                                       | CUSIP: 17888HAC7<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    204000 | PA      | $211275.56    | 0.02%             | 2030-11-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    676000 | PA      | $614587.89    | 0.07%             | 2033-01-21      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN CO LLC                          | Teva Pharmaceutical Finance Co. LLC                                           | CUSIP: 88163VAD1<br>LEI: 5493006PITD7MU7WW480 | Long             | DBT              | CORP              | US        |    311000 | PA      | $325641.88    | 0.04%             | 2036-02-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp.                                                              | CUSIP: 126650ED8<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    561000 | PA      | $585429.14    | 0.07%             | 2034-06-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                          | Civitas Resources, Inc.                                                       | CUSIP: 17888HAD5<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    732000 | PA      | $773143.61    | 0.09%             | 2033-06-15      | Fixed         | 9.63%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm, Inc.                                                               | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    108000 | PA      | $111069.25    | 0.01%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| CITIGROUP INC                                  | Citigroup, Inc.                                                               | CUSIP: 172967QH7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    298000 | PA      | $301024.06    | 0.03%             | 2036-09-11      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Hudsons Bay Simon JV Trust                     | Hudsons Bay Simon JV Trust                                                    | CUSIP: 44422PBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    321959 | PA      | $321607.00    | 0.04%             | 2034-08-05      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| NRZ Excess Spread Collateralized Notes         | NRZ Excess Spread-Collateralized Notes                                        | CUSIP: 62955MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    176577 | PA      | $173752.50    | 0.02%             | 2026-07-25      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Lightning Power LLC                            | Lightning Power LLC                                                           | CUSIP: 53229LAB3<br>LEI: 254900BWCHJ03XRL8K59 | Long             | LON              | CORP              | US        |   1054350 | PA      | $1052843.33   | 0.12%             | 2031-08-18      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| M&T Equipment Notes                            | M&T Equipment Notes                                                           | CUSIP: 551925AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148716 | PA      | $149750.14    | 0.02%             | 2030-07-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133KL2S5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    233491 | PA      | $198695.88    | 0.02%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp.                                                         | CUSIP: 06051GLU1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    799000 | PA      | $856133.43    | 0.10%             | 2034-09-15      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                                     | Humana, Inc.                                                                  | CUSIP: 444859BV3<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    220000 | PA      | $231462.75    | 0.03%             | 2033-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133B3XQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    173827 | PA      | $149993.53    | 0.02%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch Large Loan Inc   | BAMLL Re-REMICS Trust                                                         | CUSIP: 05493VAL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155000 | PA      | $150912.85    | 0.02%             | 2048-11-27      | Variable      | 1.05%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund                | Bayview MSR Opportunity Master Fund Trust                                     | CUSIP: 07336JAX6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    583047 | PA      | $540551.99    | 0.06%             | 2051-11-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140GQDG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17711 | PA      | $16658.46     | 0.00%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                         | Sequoia Mortgage Trust                                                        | CUSIP: 81748KBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     39693 | PA      | $35533.26     | 0.00%             | 2050-03-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DNBL6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     83650 | PA      | $77630.41     | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31418DKW1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24426 | PA      | $23932.49     | 0.00%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31418AQR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8393 | PA      | $7710.18      | 0.00%             | 2043-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC                              | National Grid PLC                                                             | CUSIP: 636274AE2<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | DBT              | CORP              | GB        |    672000 | PA      | $716387.52    | 0.08%             | 2033-06-12      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Federal National Mortgage Association Connecticut Avenue Securities Trust     | CUSIP: 20755JAB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    129173 | PA      | $129213.13    | 0.01%             | 2045-01-25      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                       | Angel Oak Mortgage Trust                                                      | CUSIP: 03464VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     22549 | PA      | $22201.17     | 0.00%             | 2059-11-25      | Variable      | 2.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140FXFH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    597403 | PA      | $527938.34    | 0.06%             | 2057-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133C4EP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14736 | PA      | $14751.05     | 0.00%             | 2053-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 3617BN4U6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     41322 | PA      | $39365.33     | 0.00%             | 2047-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3131XDAJ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28589 | PA      | $27825.91     | 0.00%             | 2032-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                               | Berry Global, Inc.                                                            | CUSIP: 08576PAQ4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    224000 | PA      | $233395.49    | 0.03%             | 2034-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31416CE69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1358 | PA      | $1431.03      | 0.00%             | 2037-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust          | Wells Fargo Commercial Mortgage Trust                                         | CUSIP: 95003LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     83746 | PA      | $83536.28     | 0.01%             | 2040-02-15      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE SERVICE CORP                       | Health Care Service Corp. A Mutual Legal Reserve Co.                          | CUSIP: 42218SAF5<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |    510000 | PA      | $461085.78    | 0.05%             | 2030-06-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                       | Capital One Financial Corp.                                                   | CUSIP: 14040HCZ6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    388000 | PA      | $407016.68    | 0.05%             | 2029-06-08      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133W87L1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    143521 | PA      | $147373.53    | 0.02%             | 2054-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MSCJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    276646 | PA      | $270577.65    | 0.03%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133KGJ90<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    109574 | PA      | $107716.57    | 0.01%             | 2049-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 74935WAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    168611 | PA      | $169704.94    | 0.02%             | 2043-06-25      | Variable      | 6.52%                 | No            |                  2 | On Loan: No      |
| TJX Cos Inc/The                                | TJX Cos., Inc.                                                                | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     23980 | NS      | $3466069.20   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC             | CyrusOne Data Centers Issuer I LLC                                            | CUSIP: 23284BAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    173519 | PA      | $175434.51    | 0.02%             | 2048-11-20      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                    | FIGRE Trust                                                                   | CUSIP: 31684LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    429482 | PA      | $434771.55    | 0.05%             | 2055-05-25      | Variable      | 5.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MGJG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     28852 | PA      | $24875.54     | 0.00%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3131Y1D80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    231925 | PA      | $222880.62    | 0.03%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SMRT                                           | SMRT Commercial Mortgage Trust                                                | CUSIP: 78457JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    451000 | PA      | $450436.25    | 0.05%             | 2039-01-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140J7UG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13324 | PA      | $12550.99     | 0.00%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Monster Beverage Corp                          | Monster Beverage Corp.                                                        | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     55976 | NS      | $3767744.56   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BPR Trust                                      | BPR Trust                                                                     | CUSIP: 05592VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1191755 | PA      | $1213293.71   | 0.14%             | 2041-11-05      | Variable      | 5.36%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132A8GL7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    341302 | PA      | $334147.76    | 0.04%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3131XUSX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     56981 | PA      | $53318.67     | 0.01%             | 2046-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp.                                                              | CUSIP: 126650EL0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    308000 | PA      | $317003.19    | 0.04%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                 | Rocket Cos., Inc.                                                             | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1615258.41   | 0.18%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                       | JPMorgan Mortgage Trust                                                       | CUSIP: 46593VAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    299371 | PA      | $300588.26    | 0.03%             | 2055-11-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140K1TP1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10983 | PA      | $10642.24     | 0.00%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                               | LPL Holdings, Inc.                                                            | CUSIP: 50212YAK0<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |    787000 | PA      | $822317.56    | 0.09%             | 2034-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| Banc of America Merrill Lynch Large Loan Inc   | BAMLL Re-REMICS Trust                                                         | CUSIP: 054988AJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    380014 | PA      | $340089.58    | 0.04%             | 2050-01-27      | Variable      | 0.49%                 | No            |                  2 | On Loan: No      |
| SELF Commercial Mortgage Trust                 | SELF Commercial Mortgage Trust                                                | CUSIP: 81631WAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    993000 | PA      | $991138.13    | 0.11%             | 2034-11-15      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                    | Netflix, Inc.                                                                 | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      6896 | NS      | $8267752.32   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                     | Cadence Design Systems, Inc.                                                  | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     11828 | NS      | $4154703.28   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MGJK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     71039 | PA      | $61020.15     | 0.01%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175CP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1852000 | PA      | $1979041.85   | 0.23%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                    | FIGRE Trust                                                                   | CUSIP: 31684HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    328945 | PA      | $336222.29    | 0.04%             | 2054-03-25      | Variable      | 6.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XGFX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    956105 | PA      | $821259.57    | 0.09%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 3617BN3S2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     13268 | PA      | $12763.90     | 0.00%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC           | PRET Trust                                                                    | CUSIP: 69392FAA5<br>LEI: 254900640HC5OZKI7J87 | Long             | ABS-MBS          | CORP              | US        |    430817 | PA      | $418240.14    | 0.05%             | 2069-07-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                    | OCP CLO Ltd.                                                                  | CUSIP: 67570UAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    455000 | PA      | $455821.73    | 0.05%             | 2038-10-24      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Intuitive Surgical Inc                         | Intuitive Surgical, Inc.                                                      | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      9037 | NS      | $4041617.51   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                    | Oracle Corp.                                                                  | CUSIP: 68389XDK8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    536000 | PA      | $536644.52    | 0.06%             | 2032-09-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE SERVICE CORP                       | Health Care Service Corp. A Mutual Legal Reserve Co.                          | CUSIP: 42218SAL2<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |   1297000 | PA      | $1332018.49   | 0.15%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140NC6H7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19327 | PA      | $19316.38     | 0.00%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust        | Saluda Grade Alternative Mortgage Trust                                       | CUSIP: 79582AAA5<br>LEI: 213800ETGZN4SIG56R83 | Long             | ABS-O            | CORP              | US        |    835653 | PA      | $861913.36    | 0.10%             | 2053-08-25      | Variable      | 7.07%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                    | Oracle Corp.                                                                  | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    251000 | PA      | $250227.88    | 0.03%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| 280 Park Avenue Mortgage Trust                 | 280 Park Avenue Mortgage Trust                                                | CUSIP: 90205FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    592515 | PA      | $588071.14    | 0.07%             | 2034-09-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                  | Ballyrock CLO 14 Ltd.                                                         | CUSIP: 05874XAN9<br>LEI: 254900GXTF670X967J67 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250249.00    | 0.03%             | 2037-07-20      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140X8UA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     62887 | PA      | $59972.66     | 0.01%             | 2050-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31418DQ96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    779178 | PA      | $692063.06    | 0.08%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust            | New Residential Mortgage Loan Trust                                           | CUSIP: 64828CAA7<br>LEI: 549300U1MV4J7YQZG974 | Long             | ABS-MBS          | CORP              | US        |     70417 | PA      | $69701.20     | 0.01%             | 2058-02-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Trust                                                                      | CUSIP: 05593VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1090746 | PA      | $1088359.92   | 0.12%             | 2030-03-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Mastercard Inc                                 | Mastercard, Inc.                                                              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     32534 | NS      | $18505664.54  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac - STACR                            | Federal Home Loan Mortgage Corp. STACR REMICS Trust                           | CUSIP: 35564KMA4<br>LEI: 5493000ISOMSKCX2AW62 | Long             | ABS-MBS          | USGSE             | US        |    109340 | PA      | $109273.16    | 0.01%             | 2041-11-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES GLOBA                       | Citadel Securities Global Holdings LLC                                        | CUSIP: 17289RAA4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |    384000 | PA      | $394121.50    | 0.05%             | 2030-06-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DMXR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1442272 | PA      | $1230395.26   | 0.14%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                   | Broadcom, Inc.                                                                | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     58460 | NS      | $19286538.60  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Park Funding Ltd                       | Madison Park Funding LXII Ltd.                                                | CUSIP: 55817HAW9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    850000 | PA      | $853162.00    | 0.10%             | 2038-07-16      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Amgen Inc                                      | Amgen, Inc.                                                                   | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     12611 | NS      | $3558824.20   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust        | Saluda Grade Alternative Mortgage Trust                                       | CUSIP: 79582MAA9<br>LEI: 213800ETGZN4SIG56R83 | Long             | ABS-MBS          | CORP              | US        |    335498 | PA      | $343192.70    | 0.04%             | 2054-04-25      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140ML4R8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14219 | PA      | $13833.07     | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                       | Angel Oak Mortgage Trust                                                      | CUSIP: 03465YAA5<br>LEI: 25490045FDNHIWZ12934 | Long             | ABS-MBS          | CORP              | US        |    855518 | PA      | $851879.45    | 0.10%             | 2068-07-25      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DNWL3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    211613 | PA      | $202954.53    | 0.02%             | 2050-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132ADPD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     17532 | PA      | $16836.44     | 0.00%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140NEL94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     42649 | PA      | $42669.46     | 0.00%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                    | OCP CLO Ltd.                                                                  | CUSIP: 670898AQ8<br>LEI: 254900K70GBA8CMARX66 | Long             | ABS-CBDO         | CORP              | KY        |    895249 | PA      | $895249.00    | 0.10%             | 2036-10-17      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                            | NCL Corp. Ltd.                                                                | CUSIP: 62886HBY6<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   1355000 | PA      | $1354949.23   | 0.15%             | 2031-01-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                        | Arthur J Gallagher & Co.                                                      | CUSIP: 04316JAF6<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    427000 | PA      | $473452.13    | 0.05%             | 2034-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XPNZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    233195 | PA      | $243209.65    | 0.03%             | 2054-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VIPER ENERGY PARTNERS LL                       | Viper Energy Partners LLC                                                     | CUSIP: 92764MAA2<br>LEI: 54930010ZZ02MRGRI973 | Long             | DBT              | CORP              | US        |    231000 | PA      | $232722.47    | 0.03%             | 2030-08-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132CW6B5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    798055 | PA      | $756026.08    | 0.09%             | 2037-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Notes                                                           | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2569900 | PA      | $2590780.44   | 0.30%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QPQ67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    142131 | PA      | $132009.21    | 0.02%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133BWKK8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     75560 | PA      | $75596.44     | 0.01%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc/The                             | Home Depot, Inc.                                                              | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     16308 | NS      | $6607838.52   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| MHC Commercial Mortgage Trust                  | MHC Commercial Mortgage Trust                                                 | CUSIP: 55316VAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    607417 | PA      | $607416.81    | 0.07%             | 2038-04-15      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QNPH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1357917 | PA      | $1261970.84   | 0.14%             | 2052-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140X7CA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40548 | PA      | $38821.81     | 0.00%             | 2049-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                              | PRPM LLC                                                                      | CUSIP: 693987AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    194958 | PA      | $190920.10    | 0.02%             | 2054-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Diamond Infrastructure Funding LLC             | Diamond Infrastructure Funding LLC                                            | CUSIP: 25265LAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    821000 | PA      | $787385.14    | 0.09%             | 2049-04-15      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 748949AA2<br>LEI: 2549002LEW4WNQBOMB89 | Long             | ABS-MBS          | CORP              | US        |    212673 | PA      | $214801.56    | 0.02%             | 2055-06-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3131XDFC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     50498 | PA      | $49122.12     | 0.01%             | 2033-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                         | Marvell Technology, Inc.                                                      | CUSIP: 573874AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    710000 | PA      | $731962.39    | 0.08%             | 2035-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance Trust        | Mello Mortgage Capital Acceptance                                             | CUSIP: 58549XBC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    433228 | PA      | $403479.82    | 0.05%             | 2051-08-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch Large Loan Inc   | BAMLL Re-REMICS Trust                                                         | CUSIP: 05493UAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    328000 | PA      | $277392.32    | 0.03%             | 2050-07-27      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                        | CF Hippolyta Issuer LLC                                                       | CUSIP: 12530MAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    199207 | PA      | $153891.25    | 0.02%             | 2061-03-15      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179UST0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1444289 | PA      | $1329912.44   | 0.15%             | 2049-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BPR Trust                                      | BPR Trust                                                                     | CUSIP: 05592VAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    391000 | PA      | $385077.25    | 0.04%             | 2041-11-05      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation             | Chase Mortgage Finance Corp.                                                  | CUSIP: 46591HBX7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    583349 | PA      | $575825.93    | 0.07%             | 2050-02-25      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XLVY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1997078 | PA      | $1705510.57   | 0.19%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133KGF45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    111368 | PA      | $109572.72    | 0.01%             | 2049-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MNNB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    104956 | PA      | $97180.02     | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION SOFTWARE                         | Constellation Software, Inc.                                                  | CUSIP: 21037XAD2<br>LEI: 549300B6PYHMCTDWQV29 | Long             | DBT              | CORP              | CA        |    744000 | PA      | $760043.43    | 0.09%             | 2034-02-16      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140HBFX1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     52928 | PA      | $53519.79     | 0.01%             | 2048-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                | CVS Health Corp.                                                              | CUSIP: 126650CY4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1214000 | PA      | $1137806.07   | 0.13%             | 2038-03-25      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                              | PRPM LLC                                                                      | CUSIP: 74448NAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    579388 | PA      | $548265.67    | 0.06%             | 2055-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                            | Abbott Laboratories                                                           | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     38879 | NS      | $5207453.26   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Oasis Securitisation                           | Libra Solutions LLC                                                           | CUSIP: 53161XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    439000 | PA      | $438172.97    | 0.05%             | 2038-09-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                        | Jane Street Group/JSG Finance, Inc.                                           | CUSIP: 47077WAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1326000 | PA      | $1343979.46   | 0.15%             | 2032-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140FXEC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    484275 | PA      | $439042.62    | 0.05%             | 2056-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133KHGG5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     76788 | PA      | $75569.59     | 0.01%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133KGF52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20845 | PA      | $20478.64     | 0.00%             | 2049-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3131XC5X1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     82953 | PA      | $80784.68     | 0.01%             | 2032-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133BMRH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    252092 | PA      | $257021.76    | 0.03%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EMBRAER NETHERLANDS FINA                       | Embraer Netherlands Finance BV                                                | CUSIP: 29082HAF9<br>LEI: 724500PBR8LR26XBSP67 | Long             | DBT              | CORP              | NL        |    891000 | PA      | $887106.33    | 0.10%             | 2038-01-09      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CBAM CLO Management                            | CBAM Ltd.                                                                     | CUSIP: 12510TAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    308466 | PA      | $308710.92    | 0.04%             | 2035-01-20      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133C8HS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    125503 | PA      | $128386.89    | 0.01%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3138ENS83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    246350 | PA      | $249256.03    | 0.03%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance Trust        | Mello Mortgage Capital Acceptance                                             | CUSIP: 585490AC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    290933 | PA      | $250649.65    | 0.03%             | 2052-03-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140JGAN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     49318 | PA      | $48437.77     | 0.01%             | 2048-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133C5TL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     72018 | PA      | $71493.10     | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DVL52<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    509105 | PA      | $438201.80    | 0.05%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DATA 2024-CNTR2 Mortgage Trust                 | DATA Mortgage Trust                                                           | CUSIP: 238020AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    263256 | PA      | $264917.15    | 0.03%             | 2046-05-10      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 3617H1CH8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     15830 | PA      | $15388.09     | 0.00%             | 2048-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co.                                                          | CUSIP: 46647PEW2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    761000 | PA      | $796165.35    | 0.09%             | 2036-01-24      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Trust                                                                      | CUSIP: 123913AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1589000 | PA      | $1592972.50   | 0.18%             | 2044-07-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategies               | Carlyle U.S. CLO Ltd.                                                         | CUSIP: 14315RAN1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1284000 | PA      | $1287683.80   | 0.15%             | 2037-10-17      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QNS60<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    603783 | PA      | $538543.80    | 0.06%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MMPS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40423 | PA      | $39606.79     | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust            | New Residential Mortgage Loan Trust                                           | CUSIP: 64831WAA8<br>LEI: 213800H34ZKQ2LAZZL53 | Long             | ABS-MBS          | CORP              | US        |    343000 | PA      | $345047.95    | 0.04%             | 2039-09-25      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133B9MB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    117022 | PA      | $108322.29    | 0.01%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179WBY3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1396450 | PA      | $1203250.36   | 0.14%             | 2051-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                    | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      7927 | NS      | $6312666.45   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Onslow Bay Financial LLC                       | OBX Trust                                                                     | CUSIP: 67115NAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    181526 | PA      | $156566.18    | 0.02%             | 2051-12-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140LW4F1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     91465 | PA      | $91743.14     | 0.01%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                        | CF Hippolyta Issuer LLC                                                       | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    438908 | PA      | $376996.73    | 0.04%             | 2060-07-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Federal National Mortgage Association Connecticut Avenue Securities Trust     | CUSIP: 20754BAB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    527000 | PA      | $537703.37    | 0.06%             | 2042-01-25      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                     | FIXED INC CLEARING CORP.REPO                                                  | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  10617262 | PA      | $10617262.47  | 1.21%             |  |  |  | No            |                  2 | On Loan: No      |
| SUNOCO LP                                      | Sunoco LP                                                                     | CUSIP: 86765KAG4<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    485000 | PA      | $480800.81    | 0.05%             | 2034-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                       | Angel Oak Mortgage Trust                                                      | CUSIP: 03465LAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     88581 | PA      | $85433.91     | 0.01%             | 2065-04-25      | Variable      | 2.41%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                       | Madison Park Funding LV Ltd.                                                  | CUSIP: 55819FAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1367389 | PA      | $1370293.33   | 0.16%             | 2037-07-18      | Floating      | 5.69%                 | No            |                  2 | On Loan: No      |
| ServiceNow Inc                                 | ServiceNow, Inc.                                                              | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      5020 | NS      | $4619805.60   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132Y2M37<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     53657 | PA      | $51574.54     | 0.01%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Federal National Mortgage Association Connecticut Avenue Securities Trust     | CUSIP: 20754AAB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    496000 | PA      | $498246.88    | 0.06%             | 2041-12-25      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| GCAT                                           | GCAT Trust                                                                    | CUSIP: 36830QAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    702801 | PA      | $712410.19    | 0.08%             | 2053-08-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                               | Societe Generale SA                                                           | CUSIP: 83368RCF7<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   1300000 | PA      | $1370054.48   | 0.16%             | 2033-04-13      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                | OHA Credit Funding 9 Ltd.                                                     | CUSIP: 67690AAQ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    630000 | PA      | $632665.53    | 0.07%             | 2037-10-19      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QBCV8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11140 | PA      | $10967.31     | 0.00%             | 2049-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 749427AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     97560 | PA      | $98700.13     | 0.01%             | 2045-01-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust             | EFMT                                                                          | CUSIP: 26846VAA2<br>LEI: 254900QTMZ2ZHRYMFA85 | Long             | ABS-MBS          | CORP              | US        |    148835 | PA      | $150625.17    | 0.02%             | 2060-01-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140NPCL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     51045 | PA      | $52218.34     | 0.01%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TEVA PHARM FIN IV                              | Teva Pharmaceutical Finance Netherlands IV BV                                 | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |    896000 | PA      | $922798.46    | 0.11%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TACO BELL FUNDING, LLC                         | Taco Bell Funding LLC                                                         | CUSIP: 87342RAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    205342 | PA      | $189783.99    | 0.02%             | 2051-08-25      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| General Electric Co                            | General Electric Co.                                                          | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     25440 | NS      | $7652860.80   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| AON NORTH AMERICA INC                          | Aon North America, Inc.                                                       | CUSIP: 03740MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1584000 | PA      | $1650059.53   | 0.19%             | 2034-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132A4C89<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     26851 | PA      | $28294.41     | 0.00%             | 2040-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Deere & Co                                     | Deere & Co.                                                                   | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      5737 | NS      | $2623300.62   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QSNC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    240619 | PA      | $239192.17    | 0.03%             | 2053-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31418D2L5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    203658 | PA      | $165369.95    | 0.02%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133G7BU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    156142 | PA      | $148494.24    | 0.02%             | 2034-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp/The                        | Charles Schwab Corp.                                                          | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     32409 | NS      | $3094087.23   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE SERVICES INC                              | CBRE Services, Inc.                                                           | CUSIP: 12505BAG5<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1327961.52   | 0.15%             | 2034-08-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                    | FIGRE Trust                                                                   | CUSIP: 31684UAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    328978 | PA      | $330183.08    | 0.04%             | 2054-09-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                   | Broadcom, Inc.                                                                | CUSIP: 11135FCM1<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1133661.22   | 0.13%             | 2035-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 3617H1CJ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     46471 | PA      | $45196.34     | 0.01%             | 2048-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD         | GoldenTree Loan Management U.S. CLO 17 Ltd.                                   | CUSIP: 38139FAN0<br>LEI: 549300TS068SCJRDSP12 | Long             | ABS-CBDO         | CORP              | JE        |    950000 | PA      | $952325.60    | 0.11%             | 2039-01-20      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Trust                                                                      | CUSIP: 05593VAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    239068 | PA      | $238469.93    | 0.03%             | 2030-03-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                             | Meta Platforms, Inc.                                                          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     24270 | NS      | $17823402.60  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                       | Capital One Financial Corp.                                                   | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    688000 | PA      | $713700.32    | 0.08%             | 2036-01-30      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                         | CACI International, Inc.                                                      | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |    319000 | PA      | $329064.66    | 0.04%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                       | Occidental Petroleum Corp.                                                    | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    371000 | PA      | $376452.96    | 0.04%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd                       | Madison Park Funding XXXIV Ltd.                                               | CUSIP: 55819GAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    435000 | PA      | $435482.42    | 0.05%             | 2037-10-16      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Sixth Street CLO LTD.                          | Sixth Street CLO IX Ltd.                                                      | CUSIP: 83012CAC9<br>LEI: 549300T5OQR4UD880D68 | Long             | ABS-CBDO         | CORP              | KY        |    957000 | PA      | $960148.53    | 0.11%             | 2037-07-21      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                    | Oracle Corp.                                                                  | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     19801 | NS      | $5568833.24   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                       | Occidental Petroleum Corp.                                                    | CUSIP: 674599EA9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    420000 | PA      | $485242.38    | 0.06%             | 2030-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER TRUST I                         | American Tower Trust #1                                                       | CUSIP: 03027WAM4<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | DBT              |  | US        |   1406000 | PA      | $1431439.04   | 0.16%             | 2028-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| BXHPP TRUST                                    | BXHPP Trust                                                                   | CUSIP: 05609JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    201000 | PA      | $194970.00    | 0.02%             | 2036-08-15      | Floating      | 4.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140N0FK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    240606 | PA      | $241232.35    | 0.03%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3131Y06M9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     56421 | PA      | $54507.37     | 0.01%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3131Y0KU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     64276 | PA      | $59838.11     | 0.01%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DQ3A2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    453286 | PA      | $386998.88    | 0.04%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY INC                            | Cheniere Energy, Inc.                                                         | CUSIP: 16411RAN9<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | DBT              | CORP              | US        |    888000 | PA      | $915386.16    | 0.10%             | 2034-04-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured Securities Trust | Finance of America Structured Securities Trust                                | CUSIP: 31741BAB0<br>LEI: 254900W0S6GNEJ457023 | Long             | ABS-MBS          | CORP              | US        |    343460 | PA      | $331929.88    | 0.04%             | 2075-02-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Federal National Mortgage Association Connecticut Avenue Securities Trust     | CUSIP: 207941AA3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    147168 | PA      | $147212.60    | 0.02%             | 2044-03-25      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                       | Hess Midstream Operations LP                                                  | CUSIP: 428104AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    460000 | PA      | $459480.34    | 0.05%             | 2028-06-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140H6B57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     70413 | PA      | $65669.51     | 0.01%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Federal Home Loan Mortgage Corp. STACR REMICS Trust                           | CUSIP: 35564NFZ1<br>LEI: 529900WZAMS87JCAOC53 | Long             | ABS-MBS          | USGSE             | US        |    255247 | PA      | $255088.82    | 0.03%             | 2045-01-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                        | CF Hippolyta Issuer LLC                                                       | CUSIP: 12530MAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89945 | PA      | $62659.70     | 0.01%             | 2060-07-15      | Fixed         | 2.28%                 | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYS INC                         | Cadence Design Systems, Inc.                                                  | CUSIP: 127387AP3<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |    540000 | PA      | $539127.69    | 0.06%             | 2034-09-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133B4H81<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     81006 | PA      | $72263.85     | 0.01%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140LQQJ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85785 | PA      | $73685.92     | 0.01%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PRP Advisors, LLC                              | PRPM LLC                                                                      | CUSIP: 69382WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    302119 | PA      | $299069.45    | 0.03%             | 2055-08-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                        | GLP Capital LP/GLP Financing II, Inc.                                         | CUSIP: 361841AT6<br>LEI: N/A                  | Long             | DBT              |  | US        |   1220000 | PA      | $1234791.28   | 0.14%             | 2034-09-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179WDS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    535167 | PA      | $478631.84    | 0.05%             | 2051-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QPYS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     99083 | PA      | $92106.97     | 0.01%             | 2052-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140HGGX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     83283 | PA      | $71686.75     | 0.01%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BXP Trust                                      | BXP Trust                                                                     | CUSIP: 056083AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    324000 | PA      | $316537.08    | 0.04%             | 2039-06-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust                           | LHOME Mortgage Trust                                                          | CUSIP: 50205PAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    920061 | PA      | $926135.15    | 0.11%             | 2039-07-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 3622ABLY6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1061829 | PA      | $904618.62    | 0.10%             | 2052-01-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Trust                                                                      | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    939765 | PA      | $940352.35    | 0.11%             | 2041-06-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                       | Angel Oak Mortgage Trust                                                      | CUSIP: 034937AA0<br>LEI: 254900GRN1I3WMM1H095 | Long             | ABS-MBS          | CORP              | US        |    573815 | PA      | $578797.31    | 0.07%             | 2070-04-25      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                              | Brown & Brown, Inc.                                                           | CUSIP: 115236AL5<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |     91000 | PA      | $93304.04     | 0.01%             | 2032-06-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                      | Sunoco LP                                                                     | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    512000 | PA      | $537334.27    | 0.06%             | 2032-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| New Economy Assets Phase 1 Issuer LLC          | New Economy Assets Phase 1 Sponsor LLC                                        | CUSIP: 643821AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    353000 | PA      | $234443.82    | 0.03%             | 2061-10-20      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Compass Datacenters Issuer III, LLC            | Compass Datacenters Issuer III LLC                                            | CUSIP: 20469BAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    455000 | PA      | $467384.78    | 0.05%             | 2050-02-25      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XL4Z8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    449961 | PA      | $399399.81    | 0.05%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140K0HB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    161200 | PA      | $153365.96    | 0.02%             | 2034-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MRLZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     73066 | PA      | $71199.02     | 0.01%             | 2052-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust                                                  | CUSIP: 05614JAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    281000 | PA      | $288608.38    | 0.03%             | 2046-11-13      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | U.S. Bancorp                                                                  | CUSIP: 91159HJT8<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    783000 | PA      | $803070.32    | 0.09%             | 2031-02-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                    | Oracle Corp.                                                                  | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    265000 | PA      | $264869.98    | 0.03%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XJXF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    144465 | PA      | $138708.82    | 0.02%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                               | DT Midstream, Inc.                                                            | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1628000 | PA      | $1573354.50   | 0.18%             | 2031-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                         | PNC Financial Services Group, Inc.                                            | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    281000 | PA      | $290335.28    | 0.03%             | 2031-01-29      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| TEXAS Commercial Mortgage Trust                | TEXAS Commercial Mortgage Trust                                               | CUSIP: 88231WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    284000 | PA      | $283239.96    | 0.03%             | 2042-04-15      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| MHC Commercial Mortgage Trust                  | MHC Commercial Mortgage Trust                                                 | CUSIP: 55316VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    165974 | PA      | $165974.13    | 0.02%             | 2038-04-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Banc of America Merrill Lynch Large Loan Inc   | BAMLL Re-REMICS Trust                                                         | CUSIP: 05493VAJ3<br>LEI: 5493001M1XQ4INMTAE48 | Long             | ABS-MBS          | CORP              | US        |    130000 | PA      | $126970.62    | 0.01%             | 2048-11-27      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust                                                  | CUSIP: 12433CAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    399755 | PA      | $401129.53    | 0.05%             | 2039-08-15      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                       | Organon & Co./Organon Foreign Debt Co-Issuer BV                               | CUSIP: 68622FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    653000 | PA      | $626152.94    | 0.07%             | 2034-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133C5HS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     51013 | PA      | $51598.61     | 0.01%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPCO                        | Columbia Pipelines Operating Co. LLC                                          | CUSIP: 19828TAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    510000 | PA      | $544188.51    | 0.06%             | 2033-11-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133SKBZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    238892 | PA      | $227936.02    | 0.03%             | 2050-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133A0G73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     37692 | PA      | $33613.66     | 0.00%             | 2049-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133B9K78<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     11923 | PA      | $11619.94     | 0.00%             | 2052-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Federal Home Loan Mortgage Corp. STACR REMICS Trust                           | CUSIP: 35564KRE1<br>LEI: 5493000ISA3AUOXQEF68 | Long             | ABS-MBS          | USGSE             | US        |     53711 | PA      | $53711.19     | 0.01%             | 2042-02-25      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| FIGRE Trust                                    | FIGRE Trust                                                                   | CUSIP: 31684KAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    391862 | PA      | $397221.81    | 0.05%             | 2055-03-25      | Variable      | 5.78%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179WLQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2196827 | PA      | $1963010.53   | 0.22%             | 2051-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                      | Sunoco LP                                                                     | CUSIP: 86765KAF6<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    286000 | PA      | $283890.18    | 0.03%             | 2031-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| JANE STREET GRP/JSG FIN                        | Jane Street Group/JSG Finance, Inc.                                           | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    528000 | PA      | $553815.11    | 0.06%             | 2031-04-30      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31417EMM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     31044 | PA      | $28549.32     | 0.00%             | 2043-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                           | Flutter Treasury DAC                                                          | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    389000 | PA      | $394842.78    | 0.05%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132ADY69<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     34581 | PA      | $33276.25     | 0.00%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                                                | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     42332 | NS      | $6729094.72   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                       | Occidental Petroleum Corp.                                                    | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    534000 | PA      | $562497.43    | 0.06%             | 2031-01-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XMUN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    840226 | PA      | $716634.27    | 0.08%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179TSJ5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     26053 | PA      | $25853.64     | 0.00%             | 2048-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust                  | Life Mortgage Trust                                                           | CUSIP: 53218CAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     80420 | PA      | $80068.45     | 0.01%             | 2038-03-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Saluda Grade Alternative Mortgage Trust        | Saluda Grade Alternative Mortgage Trust                                       | CUSIP: 79585UAA8<br>LEI: 213800ETGZN4SIG56R83 | Long             | ABS-MBS          | CORP              | US        |    775000 | PA      | $780077.26    | 0.09%             | 2030-07-25      | Variable      | 7.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QNLZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    981564 | PA      | $843123.20    | 0.10%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QNLY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    360735 | PA      | $310500.45    | 0.04%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust            | Homeward Opportunities Fund Trust                                             | CUSIP: 43789FAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1020000 | PA      | $1023836.83   | 0.12%             | 2029-07-25      | Variable      | 7.12%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust            | New Residential Mortgage Loan Trust                                           | CUSIP: 64832BAC9<br>LEI: 213800Z6O4V4V96AU133 | Long             | ABS-MBS          | CORP              | US        |    487361 | PA      | $488058.53    | 0.06%             | 2064-09-25      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| NRZ Excess Spread Collateralized Notes         | NRM FNT1 Excess LLC                                                           | CUSIP: 62956YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    423252 | PA      | $430479.95    | 0.05%             | 2031-11-25      | Variable      | 7.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MJ6S9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    326295 | PA      | $290757.09    | 0.03%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133BPV62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     15004 | PA      | $15301.79     | 0.00%             | 2052-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XHZL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15883 | PA      | $15242.43     | 0.00%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                       | OBX Trust                                                                     | CUSIP: 67115NAU4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    480939 | PA      | $412856.69    | 0.05%             | 2051-12-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                | CVS Health Corp.                                                              | CUSIP: 126650EK2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    531000 | PA      | $540346.84    | 0.06%             | 2035-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                  | Citigroup, Inc.                                                               | CUSIP: 172967PG0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2098000 | PA      | $2175943.53   | 0.25%             | 2035-02-13      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140JXSM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     43093 | PA      | $41689.35     | 0.00%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                              | Magnetite 50 Ltd.                                                             | CUSIP: 55956MAA7<br>LEI: 529900LA8YF5OY74OD31 | Long             | ABS-CBDO         | CORP              | KY        |    652000 | PA      | $654563.01    | 0.07%             | 2038-07-25      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| ALA Trust                                      | ALA Trust                                                                     | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1333000 | PA      | $1339665.00   | 0.15%             | 2040-06-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| HCA Healthcare Inc                             | HCA Healthcare, Inc.                                                          | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |      8800 | NS      | $3750560.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Mortgage-Backed Securities Trust            | GS Mortgage-Backed Securities Trust                                           | CUSIP: 36273BAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    602000 | PA      | $602006.02    | 0.07%             | 2055-09-25      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132ACSX9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    129785 | PA      | $121490.65    | 0.01%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133KMR31<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1262982 | PA      | $1081106.30   | 0.12%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 74938DAW3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    389194 | PA      | $359703.01    | 0.04%             | 2051-07-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133G62T1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    116329 | PA      | $112724.28    | 0.01%             | 2034-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KLA Corp                                       | KLA Corp.                                                                     | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      6688 | NS      | $7213676.80   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Belron Finance 2019 LLC                        | Belron Finance LLC                                                            | CUSIP: 08078UAM5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    476400 | PA      | $478486.63    | 0.05%             | 2031-10-16      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140NLXN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     19261 | PA      | $19703.27     | 0.00%             | 2053-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COOPR Residential Mortgage Trust               | COOPR Residential Mortgage Trust                                              | CUSIP: 216926AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    440000 | PA      | $439186.26    | 0.05%             | 2060-09-25      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust                                                  | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    532654 | PA      | $533985.24    | 0.06%             | 2039-12-15      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140JB2B1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    546720 | PA      | $521649.57    | 0.06%             | 2050-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                  | AppLovin Corp.                                                                | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |    831000 | PA      | $857796.62    | 0.10%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIVERSAL HEALTH SVCS                          | Universal Health Services, Inc.                                               | CUSIP: 913903AW0<br>LEI: 549300YGMGQDO0NMJD09 | Long             | DBT              | CORP              | US        |    163000 | PA      | $147158.48    | 0.02%             | 2030-10-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133USG21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    217003 | PA      | $208435.59    | 0.02%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 3617B13X9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     10697 | PA      | $10112.79     | 0.00%             | 2047-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XKDT4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    595051 | PA      | $563647.30    | 0.06%             | 2036-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bonds                                                           | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33334700 | PA      | $33438870.94  | 3.82%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                      | Apple, Inc.                                                                   | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     90879 | NS      | $23140519.77  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                   | Danaher Corp.                                                                 | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     23596 | NS      | $4678142.96   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association REMICS                                  | CUSIP: 3136B6B77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    515667 | PA      | $464716.96    | 0.05%             | 2049-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133A9WN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     78862 | PA      | $68176.30     | 0.01%             | 2050-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy, Inc.                                                              | CUSIP: 629377DA7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    760000 | PA      | $759759.48    | 0.09%             | 2030-10-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partners LLC           | PRET Trust                                                                    | CUSIP: 69392LAA2<br>LEI: 254900640HC5OZKI7J87 | Long             | ABS-MBS          | CORP              | US        |    451639 | PA      | $437370.80    | 0.05%             | 2064-08-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC                        | Booz Allen Hamilton, Inc.                                                     | CUSIP: 09951LAD5<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |   1242000 | PA      | $1294793.30   | 0.15%             | 2035-04-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| NCL CORPORATION LTD                            | NCL Corp. Ltd.                                                                | CUSIP: 62886HBZ3<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    840000 | PA      | $844347.65    | 0.10%             | 2033-09-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140JXJ58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32419 | PA      | $29375.10     | 0.00%             | 2049-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 3617B14U4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     10424 | PA      | $9842.74      | 0.00%             | 2047-08-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 749426AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    421668 | PA      | $426146.55    | 0.05%             | 2044-12-25      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| CART                                           | CONE Trust                                                                    | CUSIP: 20682AAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    465108 | PA      | $465843.06    | 0.05%             | 2041-08-15      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                       | Capital One Financial Corp.                                                   | CUSIP: 254709AT5<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1157000 | PA      | $1367956.87   | 0.16%             | 2034-11-02      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133C5HT1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     89878 | PA      | $89527.22     | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Trust                                                                      | CUSIP: 05609BCD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    820000 | PA      | $819743.75    | 0.09%             | 2036-02-15      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Howmet Aerospace Inc                           | Howmet Aerospace, Inc.                                                        | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     20205 | NS      | $3964827.15   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MRCT2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     25288 | PA      | $24641.83     | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Automatic Data Processing Inc                  | Automatic Data Processing, Inc.                                               | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      9352 | NS      | $2744812.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MRCJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15016 | PA      | $14633.35     | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bayview Opportunity Master Fund VII            | Bayview Opportunity Master Fund VII LLC                                       | CUSIP: 07337GAB9<br>LEI: 2549001VJ64UFK8PZA41 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250000.00    | 0.03%             | 2048-07-27      | Floating      | 6.03%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                    | Oracle Corp.                                                                  | CUSIP: 68389XDM4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    263000 | PA      | $264448.19    | 0.03%             | 2035-09-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133BUS65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18329 | PA      | $18338.14     | 0.00%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132CWBH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    411203 | PA      | $396533.67    | 0.05%             | 2033-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Westgate Resorts                               | Westgate Resorts LLC                                                          | CUSIP: 96034JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     39891 | PA      | $39499.60     | 0.00%             | 2036-08-20      | Fixed         | 1.79%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                     | U.S. Bancorp                                                                  | CUSIP: 91159HJU5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    862000 | PA      | $892552.34    | 0.10%             | 2036-02-12      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Federal Home Loan Mortgage Corp. STACR REMICS Trust                           | CUSIP: 35564UAR8<br>LEI: 5299009HC4IGFM6RXF30 | Long             | ABS-MBS          | USGSE             | US        |    175000 | PA      | $175109.38    | 0.02%             | 2045-09-25      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| CART                                           | CONE Trust                                                                    | CUSIP: 20682AAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    632000 | PA      | $631499.20    | 0.07%             | 2041-08-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                               | Federal National Mortgage Association Connecticut Avenue Securities Trust     | CUSIP: 20754DAB3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    376000 | PA      | $386056.46    | 0.04%             | 2042-04-25      | Floating      | 7.36%                 | No            |                  2 | On Loan: No      |
| COLUMBIA PIPELINES OPCO                        | Columbia Pipelines Operating Co. LLC                                          | CUSIP: 19828TAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    532000 | PA      | $570656.04    | 0.07%             | 2053-11-15      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                       | MSCI, Inc.                                                                    | CUSIP: 55354GAH3<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    184000 | PA      | $179767.94    | 0.02%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MSCI INC                                       | MSCI, Inc.                                                                    | CUSIP: 55354GAL4<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |    962000 | PA      | $921731.06    | 0.11%             | 2031-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust                  | Life Mortgage Trust                                                           | CUSIP: 53218DAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    257000 | PA      | $240919.43    | 0.03%             | 2039-05-15      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                        | National Australia Bank Ltd.                                                  | CUSIP: 632525AY7<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |   1103000 | PA      | $1006070.27   | 0.11%             | 2031-05-21      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| CPF IV, LLC, CP EF ASSET SECURITIZATION, LLC   | CP EF Asset Securitization II LLC                                             | CUSIP: 224092AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    113176 | PA      | $114201.70    | 0.01%             | 2032-03-15      | Fixed         | 7.48%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133C1S76<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     83825 | PA      | $84043.58     | 0.01%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance Trust        | Mello Mortgage Capital Acceptance                                             | CUSIP: 585491BC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    540170 | PA      | $503241.17    | 0.06%             | 2051-10-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                            | Elevance Health, Inc.                                                         | CUSIP: 036752BD4<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    499000 | PA      | $508571.91    | 0.06%             | 2035-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Notes                                                           | CUSIP: 91282CNX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10705800 | PA      | $10650598.22  | 1.22%             | 2030-08-31      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140H6W88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24068 | PA      | $22634.20     | 0.00%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140ML4S6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     17803 | PA      | $17323.40     | 0.00%             | 2052-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133B4H73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    123128 | PA      | $108995.33    | 0.01%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XFWY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2669427 | PA      | $2283683.41   | 0.26%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust                                                  | CUSIP: 05613QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    939997 | PA      | $941465.29    | 0.11%             | 2041-10-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| NRTH PARK Mortgage Trust                       | NRTH Commercial Mortgage Trust                                                | CUSIP: 669985AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    654000 | PA      | $652319.93    | 0.07%             | 2040-10-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Oak Street Investment Grade Net Lease Fund     | Oak Street Investment Grade Net Lease Fund                                    | CUSIP: 67181DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    615559 | PA      | $587680.33    | 0.07%             | 2050-11-20      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC                         | Marvell Technology, Inc.                                                      | CUSIP: 573874AR5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    272000 | PA      | $275542.81    | 0.03%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United Wholesale Mortgage LLC                  | UWM Mortgage Trust                                                            | CUSIP: 90354XAJ9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    530662 | PA      | $493357.68    | 0.06%             | 2051-08-25      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133C5WW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     84203 | PA      | $83700.66     | 0.01%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREMF Mortgage Trust                           | FREMF Mortgage Trust                                                          | CUSIP: 30334FAG5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    187000 | PA      | $174497.40    | 0.02%             | 2028-11-25      | Variable      | 5.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133A9JV8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     17662 | PA      | $15269.28     | 0.00%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3138EPS88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23129 | PA      | $22150.30     | 0.00%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                           | Booking Holdings, Inc.                                                        | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      1501 | NS      | $8104304.27   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTH CARE SERVICE CORP                       | Health Care Service Corp. A Mutual Legal Reserve Co.                          | CUSIP: 42218SAK4<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |    575000 | PA      | $590699.45    | 0.07%             | 2029-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| QNITY ELECTRONICS INC                          | Qnity Electronics, Inc.                                                       | CUSIP: 74743LAA8<br>LEI: 254900RSUG4J9TFFZX53 | Long             | DBT              | CORP              | US        |    361000 | PA      | $363753.27    | 0.04%             | 2032-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                        | Teva Pharmaceutical Finance Netherlands III BV                                | CUSIP: 88167AAT8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |   1136000 | PA      | $1183128.10   | 0.14%             | 2032-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC             | CyrusOne Data Centers Issuer I LLC                                            | CUSIP: 23284BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    157090 | PA      | $154189.27    | 0.02%             | 2048-04-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3131Y04D1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    105474 | PA      | $101257.60    | 0.01%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Regatta XXIII Funding Ltd                      | Regatta XXIII Funding Ltd.                                                    | CUSIP: 75889FAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    952000 | PA      | $951999.05    | 0.11%             | 2035-01-20      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                               | COLT Mortgage Loan Trust                                                      | CUSIP: 12597QAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8378 | PA      | $8272.63      | 0.00%             | 2065-04-27      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| NRTH PARK Mortgage Trust                       | NRTH Mortgage Trust                                                           | CUSIP: 67021HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1390000 | PA      | $1386952.70   | 0.16%             | 2039-03-15      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                 | Eli Lilly & Co.                                                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     12877 | NS      | $9825151.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                            | JPMorgan Chase & Co.                                                          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     35446 | NS      | $11180731.78  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                   | Broadcom, Inc.                                                                | CUSIP: 11135FCL3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    470000 | PA      | $480804.23    | 0.05%             | 2032-07-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Amazon.com Inc                                 | Amazon.com, Inc.                                                              | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    114595 | NS      | $25161624.15  | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140MJ7F6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    167871 | PA      | $154826.77    | 0.02%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                       | Ford Motor Credit Co. LLC                                                     | CUSIP: 345397D67<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    474000 | PA      | $506647.02    | 0.06%             | 2033-11-07      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179T7M1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    142733 | PA      | $144647.32    | 0.02%             | 2048-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                      | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F0506A9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1233000 | PA      | $1222713.28   | 0.14%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140FXVM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2046138 | PA      | $1672398.04   | 0.19%             | 2062-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                         | Motorola Solutions, Inc.                                                      | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      6861 | NS      | $3137466.69   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3133B7SA7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     12401 | PA      | $10600.41     | 0.00%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140H6CC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    248788 | PA      | $240283.80    | 0.03%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3131Y0TA0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     61305 | PA      | $59230.93     | 0.01%             | 2048-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                        | CF Hippolyta Issuer LLC                                                       | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    774861 | PA      | $645086.50    | 0.07%             | 2061-03-15      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                               | CIFC Funding Ltd.                                                             | CUSIP: 171935AA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    829000 | PA      | $831564.10    | 0.10%             | 2038-10-19      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| American Express Co                            | American Express Co.                                                          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     38563 | NS      | $12809086.08  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140NAT37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38330 | PA      | $38446.30     | 0.00%             | 2053-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QPY35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     50198 | PA      | $46886.53     | 0.01%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                  | Lendbuzz Securitization Trust                                                 | CUSIP: 52608LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    103027 | PA      | $104458.01    | 0.01%             | 2028-08-15      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| EMRLD BORROWER LP                              | EMRLD Borrower LP                                                             | CUSIP: 26872NAD1<br>LEI: 5493000GJYE7GAQCUC61 | Long             | LON              | CORP              | US        |   1189586 | PA      | $1184474.71   | 0.14%             | 2031-08-04      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                  | Citigroup, Inc.                                                               | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    346000 | PA      | $346187.04    | 0.04%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DV4Z5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18785 | PA      | $18435.45     | 0.00%             | 2050-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management                    | RCKT Mortgage Trust                                                           | CUSIP: 74942JAA2<br>LEI: 254900FCN7EI8DTYGA19 | Long             | ABS-MBS          | CORP              | US        |    352000 | PA      | $351897.22    | 0.04%             | 2055-09-25      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association REMICS                                  | CUSIP: 3136B1N26<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    335940 | PA      | $303460.75    | 0.03%             | 2048-05-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                            | Federal Home Loan Mortgage Corp. STACR REMICS Trust                           | CUSIP: 35564K3G2<br>LEI: 529900ZTXRUUVE8G8W08 | Long             | ABS-MBS          | USGSE             | US        |    221985 | PA      | $223298.35    | 0.03%             | 2043-11-25      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| Eaton Corp PLC                                 | Eaton Corp. PLC                                                               | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     15300 | NS      | $5726025.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140HGR90<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     89638 | PA      | $88506.69     | 0.01%             | 2048-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Homeward Opportunities Fund I Trust            | Homeward Opportunities Fund Trust                                             | CUSIP: 437923AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    230000 | PA      | $230485.48    | 0.03%             | 2040-09-25      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| BX Trust                                       | BX Commercial Mortgage Trust                                                  | CUSIP: 05614JAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1217000 | PA      | $1239681.11   | 0.14%             | 2046-11-13      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QS3W9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    912163 | PA      | $932042.87    | 0.11%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                       | Capital One Financial Corp.                                                   | CUSIP: 14040HDC6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    726000 | PA      | $821100.60    | 0.09%             | 2031-10-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                          | Civitas Resources, Inc.                                                       | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    378000 | PA      | $387265.17    | 0.04%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LHOME Mortgage Trust                           | LHOME Mortgage Trust                                                          | CUSIP: 50205GAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    311653 | PA      | $315265.25    | 0.04%             | 2029-05-25      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** TRANSAMERICA SERIES TRUST

**Signature:** Kari Seabrands

**Name of Signer:** Kari Seabrands

**Title:** Treasurer