# EDGAR Filing Document

**Accession Number:** 0001611331
**File Stem:** 0001410368-26-006680
**Filing Date:** 2026-1
**Character Count:** 370188
**Document Hash:** bfbbf7ad69d32bc67ff6f4171d212097
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-006680.hdr.sgml**: 20260123

**ACCESSION NUMBER**: 0001410368-26-006680

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260123

**DATE AS OF CHANGE**: 20260123

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLSPRING EXCHANGE-TRADED FUNDS TRUST
- **CENTRAL INDEX KEY:** 0001611331

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23597
- **FILM NUMBER:** 26556121

**BUSINESS ADDRESS:**
- **STREET 1:** 1415 VANTAGE PARK DRIVE
- **STREET 2:** 3RD FLOOR
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203
- **BUSINESS PHONE:** 833-568-4255

**MAIL ADDRESS:**
- **STREET 1:** 1415 VANTAGE PARK DRIVE
- **STREET 2:** 3RD FLOOR
- **CITY:** CHARLOTTE
- **STATE:** NC
- **ZIP:** 28203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Allspring Exchange-Traded Funds Trust
- **DATE OF NAME CHANGE:** 20211206

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Wells Fargo Exchange-Traded Funds Trust
- **DATE OF NAME CHANGE:** 20140619

## Series and Classes Contracts Data

### Allspring Broad Market Core Bond ETF (Series ID: S000088476)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000254753 | Allspring Broad Market Core Bond ETF | AFIX            |

## Nport-Ex

Portfolio of investments—November 30, 2025 (unaudited)

Portfolio of investments

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest <br>rate<br>| Maturity <br>date<br>| Principal | Value |
| **Agency securities: 28.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00<br> %<br>| &nbsp;&nbsp; 6-1-2050 | $1092751 | &nbsp;&nbsp; $900417 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.00 | &nbsp;&nbsp; 7-1-2050 | 1223161 | &nbsp;&nbsp; 1003255 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 11-1-2050 | 804124 | &nbsp;&nbsp; 689475 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 2-1-2051 | 1484591 | &nbsp;&nbsp; 1274385 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 5-1-2051 | 457330 | &nbsp;&nbsp; 391545 |
| &nbsp;&nbsp;&nbsp; FHLMC | 2.50 | &nbsp;&nbsp; 9-1-2051 | 1418329 | &nbsp;&nbsp; 1209557 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 8-1-2049 | 1366070 | &nbsp;&nbsp; 1231416 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 1-1-2050 | 988293 | &nbsp;&nbsp; 889624 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.00 | &nbsp;&nbsp; 7-1-2050 | 480436 | &nbsp;&nbsp; 428586 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.50 | &nbsp;&nbsp; 7-1-2049 | 470814 | &nbsp;&nbsp; 440588 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.50 | &nbsp;&nbsp; 9-1-2049 | 248238 | &nbsp;&nbsp; 232224 |
| &nbsp;&nbsp;&nbsp; FHLMC | 3.50 | &nbsp;&nbsp; 1-1-2050 | 241305 | &nbsp;&nbsp; 225663 |
| &nbsp;&nbsp;&nbsp; FHLMC | 4.50 | &nbsp;&nbsp; 12-1-2052 | 1785582 | &nbsp;&nbsp; 1772931 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.00 | &nbsp;&nbsp; 12-1-2054 | 997345 | &nbsp;&nbsp; 1006042 |
| &nbsp;&nbsp;&nbsp; FHLMC | 5.50 | &nbsp;&nbsp; 1-1-2055 | 2434155 | &nbsp;&nbsp; 2504429 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 6-1-2050 | 1431541 | &nbsp;&nbsp; 1174248 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 7-1-2050 | 1774531 | &nbsp;&nbsp; 1451943 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 9-1-2050 | 631145 | &nbsp;&nbsp; 517524 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.00 | &nbsp;&nbsp; 11-1-2050 | 1210079 | &nbsp;&nbsp; 992339 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 9-1-2049 | 145441 | &nbsp;&nbsp; 124671 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 12-1-2049 | 272689 | &nbsp;&nbsp; 234564 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 4-1-2050 | 279115 | &nbsp;&nbsp; 239356 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 8-1-2050 | 278576 | &nbsp;&nbsp; 239192 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 11-1-2050 | 250523 | &nbsp;&nbsp; 215052 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 12-1-2050 | 1111720 | &nbsp;&nbsp; 954199 |
| &nbsp;&nbsp;&nbsp; FNMA | 2.50 | &nbsp;&nbsp; 7-1-2051 | 1479267 | &nbsp;&nbsp; 1267646 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 8-1-2049 | 255382 | &nbsp;&nbsp; 230281 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 2-1-2050 | 270994 | &nbsp;&nbsp; 243767 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 5-1-2050 | 195528 | &nbsp;&nbsp; 175702 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 6-1-2050 | 235884 | &nbsp;&nbsp; 211965 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 7-1-2050 | 97782 | &nbsp;&nbsp; 87806 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 8-1-2050 | 672539 | &nbsp;&nbsp; 603717 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 9-1-2050 | 1895267 | &nbsp;&nbsp; 1700142 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 5-1-2051 | 647973 | &nbsp;&nbsp; 579940 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 6-1-2051 | 683964 | &nbsp;&nbsp; 610931 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.00 | &nbsp;&nbsp; 7-1-2051 | 224901 | &nbsp;&nbsp; 201165 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 6-1-2048 | 1769335 | &nbsp;&nbsp; 1660271 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 5-1-2049 | 270687 | &nbsp;&nbsp; 253364 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 6-1-2049 | 920878 | &nbsp;&nbsp; 861852 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 8-1-2049 | 457768 | &nbsp;&nbsp; 428285 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 11-1-2049 | 547791 | &nbsp;&nbsp; 510004 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 2-1-2050 | 385783 | &nbsp;&nbsp; 359655 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 9-1-2050 | 1896598 | &nbsp;&nbsp; 1773481 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 1-1-2051 | 1581211 | &nbsp;&nbsp; 1478567 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.50 | &nbsp;&nbsp; 2-1-2051 | 807780 | &nbsp;&nbsp; 755343 |
| &nbsp;&nbsp;&nbsp; FNMA | 3.94 | &nbsp;&nbsp; 11-1-2030 | 895000 | &nbsp;&nbsp; 891871 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 6-1-2048 | 684068 | &nbsp;&nbsp; 664070 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 8-1-2048 | 210276 | &nbsp;&nbsp; 203931 |

---

See accompanying notes to portfolio of investments

Allspring Broad Market Core Bond ETF \| 1

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Agency securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00<br> %<br>| &nbsp;&nbsp; 9-1-2048 | $180083 | &nbsp;&nbsp; $174093 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 11-1-2048 | 200842 | &nbsp;&nbsp; 194835 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 1-1-2049 | 137714 | &nbsp;&nbsp; 133260 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 3-1-2049 | 367954 | &nbsp;&nbsp; 357126 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 1-1-2050 | 262611 | &nbsp;&nbsp; 253703 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 1-1-2051 | 1232702 | &nbsp;&nbsp; 1193579 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 3-1-2051 | 273975 | &nbsp;&nbsp; 264953 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 5-1-2051 | 258809 | &nbsp;&nbsp; 249944 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.00 | &nbsp;&nbsp; 6-1-2052 | 389061 | &nbsp;&nbsp; 372877 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.28 | &nbsp;&nbsp; 2-1-2030 | 500000 | &nbsp;&nbsp; 506505 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.35 | &nbsp;&nbsp; 12-1-2029 | 500000 | &nbsp;&nbsp; 507086 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.40 | &nbsp;&nbsp; 1-1-2030 | 500000 | &nbsp;&nbsp; 507952 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.45 | &nbsp;&nbsp; 1-1-2031 | 300000 | &nbsp;&nbsp; 305293 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.46 | &nbsp;&nbsp; 2-1-2031 | 816374 | &nbsp;&nbsp; 829309 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.50 | &nbsp;&nbsp; 7-1-2048 | 239422 | &nbsp;&nbsp; 238589 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.50 | &nbsp;&nbsp; 9-1-2052 | 274333 | &nbsp;&nbsp; 269809 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.50 | &nbsp;&nbsp; 10-1-2052 | 249351 | &nbsp;&nbsp; 245393 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.51 | &nbsp;&nbsp; 2-1-2030 | 430000 | &nbsp;&nbsp; 438362 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.56 | &nbsp;&nbsp; 3-1-2030 | 380000 | &nbsp;&nbsp; 388725 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.72 | &nbsp;&nbsp; 10-1-2031 | 350000 | &nbsp;&nbsp; 359630 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.83 | &nbsp;&nbsp; 4-1-2031 | 800000 | &nbsp;&nbsp; 827738 |
| &nbsp;&nbsp;&nbsp; FNMA | 4.98 | &nbsp;&nbsp; 5-1-2030 | 408421 | &nbsp;&nbsp; 421698 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.17 | &nbsp;&nbsp; 3-1-2031 | 994288 | &nbsp;&nbsp; 1036008 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.20 | &nbsp;&nbsp; 3-1-2031 | 943948 | &nbsp;&nbsp; 981304 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.23 | &nbsp;&nbsp; 2-1-2032 | 745594 | &nbsp;&nbsp; 781928 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.24 | &nbsp;&nbsp; 12-1-2030 | 797655 | &nbsp;&nbsp; 832953 |
| &nbsp;&nbsp;&nbsp; FNMA | 5.50 | &nbsp;&nbsp; 12-1-2054 | 1854858 | &nbsp;&nbsp; 1904212 |
| **Total agency securities (Cost $48,912,823)** |  |  |  | &nbsp;&nbsp; **50673845** |
| **Asset-backed securities: 12.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ally Auto Receivables Trust Series 2025-1 Class A4 | 4.08 | &nbsp;&nbsp; 6-16-2031 | 410000 | &nbsp;&nbsp; 412564 |
| &nbsp;&nbsp;&nbsp; Barings Equipment Finance LLC Series 2025-A Class A4144A | 5.02 | &nbsp;&nbsp; 6-13-2050 | 1000000 | &nbsp;&nbsp; 1034860 |
| &nbsp;&nbsp;&nbsp; Enterprise Fleet Financing LLC Series 2025-1 Class A4144A | 4.97 | &nbsp;&nbsp; 9-22-2031 | 730000 | &nbsp;&nbsp; 749659 |
| &nbsp;&nbsp;&nbsp; Ford Credit Auto Owner Trust Series 2025-1 Class A144Aøø | 4.86 | &nbsp;&nbsp; 8-15-2037 | 945000 | &nbsp;&nbsp; 974798 |
| &nbsp;&nbsp;&nbsp; Ford Credit Auto Owner Trust Series 2025-2 Class A144Aøø | 4.37 | &nbsp;&nbsp; 2-15-2038 | 370000 | &nbsp;&nbsp; 374213 |
| &nbsp;&nbsp;&nbsp; Ford Credit Floorplan Master Owner Trust A Series 2025-2 Class A1 | 4.06 | &nbsp;&nbsp; 9-15-2030 | 395000 | &nbsp;&nbsp; 396369 |
| &nbsp;&nbsp;&nbsp; GM Financial Revolving Receivables Trust Series 2024-1 Class A144A | 4.98 | &nbsp;&nbsp; 12-11-2036 | 810000 | &nbsp;&nbsp; 833781 |
| &nbsp;&nbsp;&nbsp; GM Financial Revolving Receivables Trust Series 2024-2 Class A144A | 4.52 | &nbsp;&nbsp; 3-11-2037 | 125000 | &nbsp;&nbsp; 127180 |
| &nbsp;&nbsp;&nbsp; GM Financial Revolving Receivables Trust Series 2025-1 Class A144A | 4.64 | &nbsp;&nbsp; 12-11-2037 | 325000 | &nbsp;&nbsp; 332128 |
| &nbsp;&nbsp;&nbsp; John Deere Owner Trust Series 2025-A Class A4 | 4.42 | &nbsp;&nbsp; 2-17-2032 | 245000 | &nbsp;&nbsp; 247743 |
| &nbsp;&nbsp;&nbsp; M&T Bank Auto Receivables Trust Series 2025-1A Class A4144A | 4.89 | &nbsp;&nbsp; 7-15-2032 | 1000000 | &nbsp;&nbsp; 1021403 |
| &nbsp;&nbsp;&nbsp; SBA Small Business Investment Cos. Series 2025-10A Class 1 | 4.96 | &nbsp;&nbsp; 3-10-2035 | 1150000 | &nbsp;&nbsp; 1172547 |
| &nbsp;&nbsp;&nbsp; SBA Small Business Investment Cos. Series 2025-10B Class 1 | 4.53 | &nbsp;&nbsp; 9-10-2035 | 1260000 | &nbsp;&nbsp; 1264769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small Business Administration Participation Certificates Series 2024-<br> 25G Class 1<br>| 4.89 | &nbsp;&nbsp; 7-1-2049 | 770069 | &nbsp;&nbsp; 782412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Small Business Administration Participation Certificates Series 2024-<br> 25H Class 1<br>| 4.73 | &nbsp;&nbsp; 8-1-2049 | 1068067 | &nbsp;&nbsp; 1076563 |
| &nbsp;&nbsp;&nbsp; Toyota Auto Loan Extended Note Trust Series 2023-1A Class A144A | 4.93 | &nbsp;&nbsp; 6-25-2036 | 120000 | &nbsp;&nbsp; 122790 |

---

See accompanying notes to portfolio of investments

2 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Asset-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Toyota Auto Loan Extended Note Trust Series 2025-1A Class A144A | 4.65<br> %<br>| &nbsp;&nbsp; 5-25-2038 | $435000 | &nbsp;&nbsp; $445030 |
| &nbsp;&nbsp;&nbsp; U.S. Small Business Administration Series 2022-25G Class 1 | 3.93 | &nbsp;&nbsp; 7-1-2047 | 59772 | &nbsp;&nbsp; 57594 |
| &nbsp;&nbsp;&nbsp; U.S. Small Business Administration Series 2023-25C Class 1 | 4.93 | &nbsp;&nbsp; 3-1-2048 | 1152310 | &nbsp;&nbsp; 1173081 |
| &nbsp;&nbsp;&nbsp; U.S. Small Business Administration Series 2023-25E Class 1 | 4.62 | &nbsp;&nbsp; 5-1-2048 | 879211 | &nbsp;&nbsp; 878818 |
| &nbsp;&nbsp;&nbsp; U.S. Small Business Administration Series 2023-25G Class 1 | 5.18 | &nbsp;&nbsp; 7-1-2048 | 1113440 | &nbsp;&nbsp; 1149329 |
| &nbsp;&nbsp;&nbsp; U.S. Small Business Administration Series 2023-25H Class 1 | 5.15 | &nbsp;&nbsp; 8-1-2048 | 1220985 | &nbsp;&nbsp; 1257492 |
| &nbsp;&nbsp;&nbsp; U.S. Small Business Administration Series 2023-25I Class 1 | 5.41 | &nbsp;&nbsp; 9-1-2048 | 1509035 | &nbsp;&nbsp; 1565946 |
| &nbsp;&nbsp;&nbsp; U.S. Small Business Administration Series 2024-25A Class 1 | 5.05 | &nbsp;&nbsp; 1-1-2049 | 91331 | &nbsp;&nbsp; 93419 |
| &nbsp;&nbsp;&nbsp; U.S. Small Business Administration Series 2024-25B Class 1 | 5.07 | &nbsp;&nbsp; 2-1-2049 | 825102 | &nbsp;&nbsp; 845371 |
| &nbsp;&nbsp;&nbsp; U.S. Small Business Administration Series 2024-25F Class 1 | 5.04 | &nbsp;&nbsp; 6-1-2049 | 1055633 | &nbsp;&nbsp; 1080249 |
| &nbsp;&nbsp;&nbsp; U.S. Small Business Administration Series 2024-25I Class 1 | 4.45 | &nbsp;&nbsp; 9-1-2049 | 148237 | &nbsp;&nbsp; 146968 |
| &nbsp;&nbsp;&nbsp; U.S. Small Business Administration Series 2024-25L Class 1 | 4.82 | &nbsp;&nbsp; 12-1-2049 | 775721 | &nbsp;&nbsp; 786122 |
| &nbsp;&nbsp;&nbsp; U.S. Small Business Administration Series 2025-20A Class 1 | 5.24 | &nbsp;&nbsp; 1-1-2045 | 983597 | &nbsp;&nbsp; 1016314 |
| &nbsp;&nbsp;&nbsp; U.S. Small Business Administration Series 2025-20B Class 1 | 5.01 | &nbsp;&nbsp; 2-1-2045 | 196742 | &nbsp;&nbsp; 201325 |
| &nbsp;&nbsp;&nbsp; World Omni Auto Receivables Trust Series 2025-D Class A4 | 4.07 | &nbsp;&nbsp; 2-17-2032 | 515000 | &nbsp;&nbsp; 517033 |
| **Total asset-backed securities (Cost $21,672,620)** |  |  |  | &nbsp;&nbsp; **22137870** |
| **Corporate bonds and notes: 26.75%** |  |  |  |  |
| **Basic materials: 0.43%** |  |  |  |  |
| **Chemicals: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Eastman Chemical Co. | 5.75 | &nbsp;&nbsp; 3-8-2033 | 160000 | &nbsp;&nbsp; 168156 |
| &nbsp;&nbsp;&nbsp; Mosaic Co. | 4.60 | &nbsp;&nbsp; 11-15-2030 | 100000 | &nbsp;&nbsp; 100351 |
| &nbsp;&nbsp;&nbsp; PPG Industries, Inc. | 4.38 | &nbsp;&nbsp; 3-15-2031 | 155000 | &nbsp;&nbsp; 155258 |
| &nbsp;&nbsp;&nbsp; Sherwin-Williams Co. | 2.95 | &nbsp;&nbsp; 8-15-2029 | 210000 | &nbsp;&nbsp; 201384 |
| &nbsp;&nbsp;&nbsp; Sherwin-Williams Co. | 4.50 | &nbsp;&nbsp; 8-15-2030 | 90000 | &nbsp;&nbsp; 90899 |
|  |  |  |  | &nbsp;&nbsp; **716048** |
| **Mining: 0.03%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Newmont Corp./Newcrest Finance Pty. Ltd. | 5.35 | &nbsp;&nbsp; 3-15-2034 | 50000 | &nbsp;&nbsp; **52451** |
| **Communications: 1.53%** |  |  |  |  |
| **Internet: 0.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc. | 4.60 | &nbsp;&nbsp; 11-15-2032 | 125000 | &nbsp;&nbsp; **126869** |
| **Media: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Charter Communications Operating LLC/Charter Communications <br> Operating Capital<br>| 4.40 | &nbsp;&nbsp; 4-1-2033 | 270000 | &nbsp;&nbsp; 254539 |
| &nbsp;&nbsp;&nbsp; Comcast Corp. | 1.95 | &nbsp;&nbsp; 1-15-2031 | 50000 | &nbsp;&nbsp; 44544 |
| &nbsp;&nbsp;&nbsp; Comcast Corp. | 4.60 | &nbsp;&nbsp; 10-15-2038 | 120000 | &nbsp;&nbsp; 112982 |
| &nbsp;&nbsp;&nbsp; Comcast Corp. | 4.95 | &nbsp;&nbsp; 5-15-2032 | 140000 | &nbsp;&nbsp; 143557 |
|  |  |  |  | &nbsp;&nbsp; **555622** |
| **Telecommunications: 1.15%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 2.25 | &nbsp;&nbsp; 2-1-2032 | 150000 | &nbsp;&nbsp; 132290 |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 2.75 | &nbsp;&nbsp; 6-1-2031 | 130000 | &nbsp;&nbsp; 119802 |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 4.50 | &nbsp;&nbsp; 5-15-2035 | 120000 | &nbsp;&nbsp; 116569 |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 4.55 | &nbsp;&nbsp; 11-1-2032 | 85000 | &nbsp;&nbsp; 85155 |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 4.65 | &nbsp;&nbsp; 6-1-2044 | 40000 | &nbsp;&nbsp; 35233 |

---

See accompanying notes to portfolio of investments

Allspring Broad Market Core Bond ETF \| 3

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Telecommunications**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 4.75<br> %<br>| &nbsp;&nbsp; 5-15-2046 | $180000 | &nbsp;&nbsp; $160003 |
| &nbsp;&nbsp;&nbsp; AT&T, Inc. | 5.35 | &nbsp;&nbsp; 9-1-2040 | 120000 | &nbsp;&nbsp; 120425 |
| &nbsp;&nbsp;&nbsp; Motorola Solutions, Inc. | 5.00 | &nbsp;&nbsp; 4-15-2029 | 100000 | &nbsp;&nbsp; 102532 |
| &nbsp;&nbsp;&nbsp; T-Mobile USA, Inc. | 2.40 | &nbsp;&nbsp; 3-15-2029 | 120000 | &nbsp;&nbsp; 113672 |
| &nbsp;&nbsp;&nbsp; T-Mobile USA, Inc. | 2.55 | &nbsp;&nbsp; 2-15-2031 | 130000 | &nbsp;&nbsp; 119102 |
| &nbsp;&nbsp;&nbsp; T-Mobile USA, Inc. | 3.38 | &nbsp;&nbsp; 4-15-2029 | 100000 | &nbsp;&nbsp; 97470 |
| &nbsp;&nbsp;&nbsp; T-Mobile USA, Inc. | 3.88 | &nbsp;&nbsp; 4-15-2030 | 200000 | &nbsp;&nbsp; 197008 |
| &nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | 1.75 | &nbsp;&nbsp; 1-20-2031 | 220000 | &nbsp;&nbsp; 194069 |
| &nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | 2.36 | &nbsp;&nbsp; 3-15-2032 | 330000 | &nbsp;&nbsp; 291666 |
| &nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | 4.40 | &nbsp;&nbsp; 11-1-2034 | 150000 | &nbsp;&nbsp; 145692 |
| &nbsp;&nbsp;&nbsp; Verizon Communications, Inc. | 4.81 | &nbsp;&nbsp; 3-15-2039 | 50000 | &nbsp;&nbsp; 48081 |
|  |  |  |  | &nbsp;&nbsp; **2078769** |
| **Consumer, cyclical: 1.45%** |  |  |  |  |
| **Auto manufacturers: 1.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Honda Finance Corp. | 2.25 | &nbsp;&nbsp; 1-12-2029 | 120000 | &nbsp;&nbsp; 113400 |
| &nbsp;&nbsp;&nbsp; American Honda Finance Corp. | 4.40 | &nbsp;&nbsp; 9-5-2029 | 110000 | &nbsp;&nbsp; 111034 |
| &nbsp;&nbsp;&nbsp; American Honda Finance Corp. | 4.90 | &nbsp;&nbsp; 3-13-2029 | 160000 | &nbsp;&nbsp; 163845 |
| &nbsp;&nbsp;&nbsp; BMW U.S. Capital LLC144A | 4.50 | &nbsp;&nbsp; 8-11-2030 | 70000 | &nbsp;&nbsp; 70500 |
| &nbsp;&nbsp;&nbsp; BMW U.S. Capital LLC144A | 4.65 | &nbsp;&nbsp; 8-13-2029 | 50000 | &nbsp;&nbsp; 50771 |
| &nbsp;&nbsp;&nbsp; BMW U.S. Capital LLC144A | 5.05 | &nbsp;&nbsp; 3-21-2030 | 45000 | &nbsp;&nbsp; 46343 |
| &nbsp;&nbsp;&nbsp; Daimler Truck Finance North America LLC144A | 2.38 | &nbsp;&nbsp; 12-14-2028 | 150000 | &nbsp;&nbsp; 142376 |
| &nbsp;&nbsp;&nbsp; Daimler Truck Finance North America LLC144A | 5.40 | &nbsp;&nbsp; 9-20-2028 | 150000 | &nbsp;&nbsp; 154734 |
| &nbsp;&nbsp;&nbsp; Ford Motor Credit Co. LLC | 3.63 | &nbsp;&nbsp; 6-17-2031 | 200000 | &nbsp;&nbsp; 182921 |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc. | 2.40 | &nbsp;&nbsp; 10-15-2028 | 60000 | &nbsp;&nbsp; 57188 |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc. | 2.70 | &nbsp;&nbsp; 6-10-2031 | 50000 | &nbsp;&nbsp; 45268 |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc. | 4.30 | &nbsp;&nbsp; 4-6-2029 | 80000 | &nbsp;&nbsp; 79849 |
| &nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc. | 5.00 | &nbsp;&nbsp; 4-9-2027 | 250000 | &nbsp;&nbsp; 252524 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital America144A | 5.30 | &nbsp;&nbsp; 1-8-2030 | 220000 | &nbsp;&nbsp; 226876 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Finance North America LLC144A | 4.85 | &nbsp;&nbsp; 1-11-2029 | 150000 | &nbsp;&nbsp; 153116 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Finance North America LLC144A | 5.00 | &nbsp;&nbsp; 4-1-2030 | 150000 | &nbsp;&nbsp; 154525 |
| &nbsp;&nbsp;&nbsp; Toyota Motor Credit Corp. | 5.10 | &nbsp;&nbsp; 3-21-2031 | 140000 | &nbsp;&nbsp; 145837 |
|  |  |  |  | &nbsp;&nbsp; **2151107** |
| **Entertainment: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; WarnerMedia Holdings, Inc. | 4.05 | &nbsp;&nbsp; 3-15-2029 | 100000 | &nbsp;&nbsp; 96999 |
| &nbsp;&nbsp;&nbsp; WarnerMedia Holdings, Inc. | 4.28 | &nbsp;&nbsp; 3-15-2032 | 76000 | &nbsp;&nbsp; 69445 |
|  |  |  |  | &nbsp;&nbsp; **166444** |
| **Retail: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AutoZone, Inc. | 5.10 | &nbsp;&nbsp; 7-15-2029 | 130000 | &nbsp;&nbsp; 134051 |
| &nbsp;&nbsp;&nbsp; Lowe's Cos., Inc. | 3.75 | &nbsp;&nbsp; 4-1-2032 | 170000 | &nbsp;&nbsp; 163372 |
|  |  |  |  | &nbsp;&nbsp; **297423** |
| **Consumer, non-cyclical: 3.93%** |  |  |  |  |
| **Commercial services: 1.23%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cornell University Series 2025 | 4.73 | &nbsp;&nbsp; 6-15-2035 | 350000 | &nbsp;&nbsp; 354877 |
| &nbsp;&nbsp;&nbsp; Equifax, Inc. | 2.35 | &nbsp;&nbsp; 9-15-2031 | 120000 | &nbsp;&nbsp; 106806 |

---

See accompanying notes to portfolio of investments

4 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Commercial services**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Equifax, Inc. | 4.80<br> %<br>| &nbsp;&nbsp; 9-15-2029 | $50000 | &nbsp;&nbsp; $50815 |
| &nbsp;&nbsp;&nbsp; Equifax, Inc. | 5.10 | &nbsp;&nbsp; 6-1-2028 | 50000 | &nbsp;&nbsp; 50997 |
| &nbsp;&nbsp;&nbsp; J Paul Getty Trust | 4.91 | &nbsp;&nbsp; 4-1-2035 | 450000 | &nbsp;&nbsp; 462771 |
| &nbsp;&nbsp;&nbsp; Leland Stanford Junior University | 4.68 | &nbsp;&nbsp; 3-1-2035 | 420000 | &nbsp;&nbsp; 424664 |
| &nbsp;&nbsp;&nbsp; Massachusetts Institute of Technology | 3.96 | &nbsp;&nbsp; 7-1-2038 | 100000 | &nbsp;&nbsp; 94135 |
| &nbsp;&nbsp;&nbsp; Massachusetts Institute of Technology | 5.62 | &nbsp;&nbsp; 6-1-2055 | 215000 | &nbsp;&nbsp; 226262 |
| &nbsp;&nbsp;&nbsp; RELX Capital, Inc. | 5.25 | &nbsp;&nbsp; 3-27-2035 | 100000 | &nbsp;&nbsp; 103958 |
| &nbsp;&nbsp;&nbsp; University of Southern California | 3.03 | &nbsp;&nbsp; 10-1-2039 | 400000 | &nbsp;&nbsp; 334883 |
|  |  |  |  | &nbsp;&nbsp; **2210168** |
| **Food: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ingredion, Inc. | 2.90 | &nbsp;&nbsp; 6-1-2030 | 170000 | &nbsp;&nbsp; 159905 |
| &nbsp;&nbsp;&nbsp; Ingredion, Inc. | 3.20 | &nbsp;&nbsp; 10-1-2026 | 30000 | &nbsp;&nbsp; 29781 |
| &nbsp;&nbsp;&nbsp; Mars, Inc.144A | 5.00 | &nbsp;&nbsp; 3-1-2032 | 100000 | &nbsp;&nbsp; 103347 |
| &nbsp;&nbsp;&nbsp; Mars, Inc.144A | 5.20 | &nbsp;&nbsp; 3-1-2035 | 150000 | &nbsp;&nbsp; 155193 |
| &nbsp;&nbsp;&nbsp; McCormick & Co., Inc. | 2.50 | &nbsp;&nbsp; 4-15-2030 | 260000 | &nbsp;&nbsp; 242271 |
|  |  |  |  | &nbsp;&nbsp; **690497** |
| **Healthcare-products: 0.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Agilent Technologies, Inc. | 2.10 | &nbsp;&nbsp; 6-4-2030 | 130000 | &nbsp;&nbsp; 118823 |
| &nbsp;&nbsp;&nbsp; Agilent Technologies, Inc. | 2.75 | &nbsp;&nbsp; 9-15-2029 | 50000 | &nbsp;&nbsp; 47578 |
| &nbsp;&nbsp;&nbsp; Baxter International, Inc. | 2.27 | &nbsp;&nbsp; 12-1-2028 | 220000 | &nbsp;&nbsp; 207199 |
| &nbsp;&nbsp;&nbsp; Baxter International, Inc. | 3.95 | &nbsp;&nbsp; 4-1-2030 | 100000 | &nbsp;&nbsp; 97426 |
| &nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc. | 4.80 | &nbsp;&nbsp; 8-14-2029 | 160000 | &nbsp;&nbsp; 163671 |
| &nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc. | 5.86 | &nbsp;&nbsp; 3-15-2030 | 110000 | &nbsp;&nbsp; 116513 |
| &nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc. | 5.91 | &nbsp;&nbsp; 11-22-2032 | 110000 | &nbsp;&nbsp; 118839 |
| &nbsp;&nbsp;&nbsp; Revvity, Inc. | 1.90 | &nbsp;&nbsp; 9-15-2028 | 50000 | &nbsp;&nbsp; 47031 |
|  |  |  |  | &nbsp;&nbsp; **917080** |
| **Healthcare-services: 1.07%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Ascension Health Series 2025 | 4.92 | &nbsp;&nbsp; 11-15-2035 | 235000 | &nbsp;&nbsp; 238720 |
| &nbsp;&nbsp;&nbsp; Duke University Health System, Inc. Series 2017 | 3.92 | &nbsp;&nbsp; 6-1-2047 | 210000 | &nbsp;&nbsp; 172138 |
| &nbsp;&nbsp;&nbsp; Health Care Service Corp. A Mutual Legal Reserve Co.144A | 2.20 | &nbsp;&nbsp; 6-1-2030 | 130000 | &nbsp;&nbsp; 118371 |
| &nbsp;&nbsp;&nbsp; Health Care Service Corp. A Mutual Legal Reserve Co.144A | 5.20 | &nbsp;&nbsp; 6-15-2029 | 160000 | &nbsp;&nbsp; 164749 |
| &nbsp;&nbsp;&nbsp; Kaiser Foundation Hospitals Series 2021 | 2.81 | &nbsp;&nbsp; 6-1-2041 | 200000 | &nbsp;&nbsp; 150333 |
| &nbsp;&nbsp;&nbsp; Laboratory Corp. of America Holdings | 4.35 | &nbsp;&nbsp; 4-1-2030 | 170000 | &nbsp;&nbsp; 170446 |
| &nbsp;&nbsp;&nbsp; Mayo Clinic Series 2021 | 3.20 | &nbsp;&nbsp; 11-15-2061 | 100000 | &nbsp;&nbsp; 65897 |
| &nbsp;&nbsp;&nbsp; Providence St. Joseph Health Obligated Group Series H | 2.75 | &nbsp;&nbsp; 10-1-2026 | 120000 | &nbsp;&nbsp; 118551 |
| &nbsp;&nbsp;&nbsp; Roche Holdings, Inc.144A%% | 4.08 | &nbsp;&nbsp; 12-2-2030 | 200000 | &nbsp;&nbsp; 200118 |
| &nbsp;&nbsp;&nbsp; Stanford Health Care Series 2020 | 3.31 | &nbsp;&nbsp; 8-15-2030 | 250000 | &nbsp;&nbsp; 241661 |
| &nbsp;&nbsp;&nbsp; Sutter Health | 5.16 | &nbsp;&nbsp; 8-15-2033 | 175000 | &nbsp;&nbsp; 181022 |
| &nbsp;&nbsp;&nbsp; UnitedHealth Group, Inc. | 5.15 | &nbsp;&nbsp; 7-15-2034 | 100000 | &nbsp;&nbsp; 103416 |
|  |  |  |  | &nbsp;&nbsp; **1925422** |
| **Pharmaceuticals: 0.74%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Becton Dickinson & Co. | 1.96 | &nbsp;&nbsp; 2-11-2031 | 230000 | &nbsp;&nbsp; 204725 |
| &nbsp;&nbsp;&nbsp; Becton Dickinson & Co. | 4.30 | &nbsp;&nbsp; 8-22-2032 | 50000 | &nbsp;&nbsp; 49472 |
| &nbsp;&nbsp;&nbsp; Becton Dickinson & Co. | 4.87 | &nbsp;&nbsp; 2-8-2029 | 110000 | &nbsp;&nbsp; 112234 |

---

See accompanying notes to portfolio of investments

Allspring Broad Market Core Bond ETF \| 5

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Pharmaceuticals**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CVS Health Corp. | 1.75<br> %<br>| &nbsp;&nbsp; 8-21-2030 | $200000 | &nbsp;&nbsp; $177849 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp. | 5.13 | &nbsp;&nbsp; 2-21-2030 | 200000 | &nbsp;&nbsp; 205911 |
| &nbsp;&nbsp;&nbsp; CVS Health Corp. | 5.25 | &nbsp;&nbsp; 2-21-2033 | 230000 | &nbsp;&nbsp; 238015 |
| &nbsp;&nbsp;&nbsp; EMD Finance LLC144A | 4.63 | &nbsp;&nbsp; 10-15-2032 | 150000 | &nbsp;&nbsp; 151284 |
| &nbsp;&nbsp;&nbsp; Novartis Capital Corp. | 4.10 | &nbsp;&nbsp; 11-5-2030 | 130000 | &nbsp;&nbsp; 130501 |
| &nbsp;&nbsp;&nbsp; Pfizer, Inc. | 4.20 | &nbsp;&nbsp; 11-15-2030 | 70000 | &nbsp;&nbsp; 70335 |
|  |  |  |  | &nbsp;&nbsp; **1340326** |
| **Energy: 2.32%** |  |  |  |  |
| **Oil & gas: 0.65%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; BP Capital Markets America, Inc. | 4.89 | &nbsp;&nbsp; 9-11-2033 | 170000 | &nbsp;&nbsp; 174067 |
| &nbsp;&nbsp;&nbsp; Coterra Energy, Inc. | 3.90 | &nbsp;&nbsp; 5-15-2027 | 110000 | &nbsp;&nbsp; 109544 |
| &nbsp;&nbsp;&nbsp; Coterra Energy, Inc. | 4.38 | &nbsp;&nbsp; 3-15-2029 | 190000 | &nbsp;&nbsp; 190311 |
| &nbsp;&nbsp;&nbsp; EOG Resources, Inc. | 5.00 | &nbsp;&nbsp; 7-15-2032 | 60000 | &nbsp;&nbsp; 61606 |
| &nbsp;&nbsp;&nbsp; Marathon Petroleum Corp. | 5.15 | &nbsp;&nbsp; 3-1-2030 | 210000 | &nbsp;&nbsp; 216249 |
| &nbsp;&nbsp;&nbsp; Phillips 66 Co. | 5.25 | &nbsp;&nbsp; 6-15-2031 | 270000 | &nbsp;&nbsp; 281829 |
| &nbsp;&nbsp;&nbsp; Shell Finance U.S., Inc. | 4.13 | &nbsp;&nbsp; 11-6-2030 | 140000 | &nbsp;&nbsp; 140731 |
|  |  |  |  | &nbsp;&nbsp; **1174337** |
| **Oil & gas services: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Halliburton Co. | 2.92 | &nbsp;&nbsp; 3-1-2030 | 300000 | &nbsp;&nbsp; **284662** |
| **Pipelines: 1.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP | 3.75 | &nbsp;&nbsp; 5-15-2030 | 100000 | &nbsp;&nbsp; 97558 |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP | 5.20 | &nbsp;&nbsp; 4-1-2030 | 130000 | &nbsp;&nbsp; 134499 |
| &nbsp;&nbsp;&nbsp; Energy Transfer LP | 6.40 | &nbsp;&nbsp; 12-1-2030 | 260000 | &nbsp;&nbsp; 282248 |
| &nbsp;&nbsp;&nbsp; Enterprise Products Operating LLC | 4.60 | &nbsp;&nbsp; 1-15-2031 | 60000 | &nbsp;&nbsp; 60878 |
| &nbsp;&nbsp;&nbsp; Florida Gas Transmission Co. LLC144A | 2.30 | &nbsp;&nbsp; 10-1-2031 | 440000 | &nbsp;&nbsp; 391927 |
| &nbsp;&nbsp;&nbsp; Gulfstream Natural Gas System LLC144A | 5.60 | &nbsp;&nbsp; 7-23-2035 | 170000 | &nbsp;&nbsp; 175190 |
| &nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | 5.00 | &nbsp;&nbsp; 2-1-2029 | 50000 | &nbsp;&nbsp; 51247 |
| &nbsp;&nbsp;&nbsp; Kinder Morgan, Inc. | 5.15 | &nbsp;&nbsp; 6-1-2030 | 220000 | &nbsp;&nbsp; 227962 |
| &nbsp;&nbsp;&nbsp; MPLX LP | 4.95 | &nbsp;&nbsp; 9-1-2032 | 340000 | &nbsp;&nbsp; 342725 |
| &nbsp;&nbsp;&nbsp; MPLX LP | 5.00 | &nbsp;&nbsp; 3-1-2033 | 150000 | &nbsp;&nbsp; 151435 |
| &nbsp;&nbsp;&nbsp; MPLX LP | 5.40 | &nbsp;&nbsp; 9-15-2035 | 50000 | &nbsp;&nbsp; 50598 |
| &nbsp;&nbsp;&nbsp; ONEOK, Inc. | 3.25 | &nbsp;&nbsp; 6-1-2030 | 145000 | &nbsp;&nbsp; 137944 |
| &nbsp;&nbsp;&nbsp; ONEOK, Inc. | 4.40 | &nbsp;&nbsp; 10-15-2029 | 20000 | &nbsp;&nbsp; 20062 |
| &nbsp;&nbsp;&nbsp; ONEOK, Inc. | 4.95 | &nbsp;&nbsp; 10-15-2032 | 60000 | &nbsp;&nbsp; 60417 |
| &nbsp;&nbsp;&nbsp; Plains All American Pipeline LP/PAA Finance Corp. | 5.70 | &nbsp;&nbsp; 9-15-2034 | 160000 | &nbsp;&nbsp; 165907 |
| &nbsp;&nbsp;&nbsp; Sabine Pass Liquefaction LLC | 4.50 | &nbsp;&nbsp; 5-15-2030 | 170000 | &nbsp;&nbsp; 171008 |
| &nbsp;&nbsp;&nbsp; Transcontinental Gas Pipe Line Co. LLC | 3.25 | &nbsp;&nbsp; 5-15-2030 | 100000 | &nbsp;&nbsp; 95704 |
| &nbsp;&nbsp;&nbsp; Williams Cos., Inc. | 4.65 | &nbsp;&nbsp; 8-15-2032 | 85000 | &nbsp;&nbsp; 85525 |
| &nbsp;&nbsp;&nbsp; Williams Cos., Inc. | 4.90 | &nbsp;&nbsp; 3-15-2029 | 10000 | &nbsp;&nbsp; 10213 |
|  |  |  |  | &nbsp;&nbsp; **2713047** |
| **Financial: 9.40%** |  |  |  |  |
| **Banks: 5.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR+1.21%)± | 2.57 | &nbsp;&nbsp; 10-20-2032 | 300000 | &nbsp;&nbsp; 272211 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR+1.33%)± | 2.97 | &nbsp;&nbsp; 2-4-2033 | 50000 | &nbsp;&nbsp; 45961 |

---

See accompanying notes to portfolio of investments

6 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR+1.37%)± | 1.92<br> %<br>| &nbsp;&nbsp; 10-24-2031 | $130000 | &nbsp;&nbsp; $116604 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR+1.53%)± | 1.90 | &nbsp;&nbsp; 7-23-2031 | 350000 | &nbsp;&nbsp; 315534 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR 3 Month+1.30%)± | 3.42 | &nbsp;&nbsp; 12-20-2028 | 90000 | &nbsp;&nbsp; 88886 |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. (U.S. SOFR 3 Month+1.57%)± | 4.27 | &nbsp;&nbsp; 7-23-2029 | 250000 | &nbsp;&nbsp; 251566 |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (U.S. SOFR+1.23%)± | 5.06 | &nbsp;&nbsp; 7-22-2032 | 180000 | &nbsp;&nbsp; 187094 |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. (U.S. SOFR+1.42%)± | 4.29 | &nbsp;&nbsp; 6-13-2033 | 100000 | &nbsp;&nbsp; 99180 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+1.17%)± | 2.56 | &nbsp;&nbsp; 5-1-2032 | 180000 | &nbsp;&nbsp; 163784 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+1.17%)± | 4.50 | &nbsp;&nbsp; 9-11-2031 | 95000 | &nbsp;&nbsp; 95666 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+1.18%)± | 2.52 | &nbsp;&nbsp; 11-3-2032 | 130000 | &nbsp;&nbsp; 116711 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+1.34%)± | 4.54 | &nbsp;&nbsp; 9-19-2030 | 50000 | &nbsp;&nbsp; 50456 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+1.35%)± | 3.06 | &nbsp;&nbsp; 1-25-2033 | 50000 | &nbsp;&nbsp; 46016 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+2.09%)± | 4.91 | &nbsp;&nbsp; 5-24-2033 | 170000 | &nbsp;&nbsp; 173128 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+2.11%)± | 2.57 | &nbsp;&nbsp; 6-3-2031 | 130000 | &nbsp;&nbsp; 120602 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR+4.55%)± | 5.32 | &nbsp;&nbsp; 3-26-2041 | 120000 | &nbsp;&nbsp; 121543 |
| &nbsp;&nbsp;&nbsp; Citigroup, Inc. (U.S. SOFR 3 Month+1.45%)± | 4.08 | &nbsp;&nbsp; 4-23-2029 | 120000 | &nbsp;&nbsp; 119932 |
| &nbsp;&nbsp;&nbsp; Citizens Financial Group, Inc. (U.S. SOFR+1.26%)± | 5.25 | &nbsp;&nbsp; 3-5-2031 | 360000 | &nbsp;&nbsp; 369104 |
| &nbsp;&nbsp;&nbsp; Fifth Third Bancorp (U.S. SOFR+1.66%)± | 4.34 | &nbsp;&nbsp; 4-25-2033 | 80000 | &nbsp;&nbsp; 78397 |
| &nbsp;&nbsp;&nbsp; Fifth Third Bancorp (U.S. SOFR+1.84%)± | 5.63 | &nbsp;&nbsp; 1-29-2032 | 110000 | &nbsp;&nbsp; 115708 |
| &nbsp;&nbsp;&nbsp; Fifth Third Bancorp (U.S. SOFR+2.13%)± | 4.77 | &nbsp;&nbsp; 7-28-2030 | 110000 | &nbsp;&nbsp; 111502 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (U.S. SOFR+1.09%)± | 1.99 | &nbsp;&nbsp; 1-27-2032 | 270000 | &nbsp;&nbsp; 240504 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (U.S. SOFR+1.21%)± | 5.05 | &nbsp;&nbsp; 7-23-2030 | 310000 | &nbsp;&nbsp; 318462 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (U.S. SOFR+1.25%)± | 2.38 | &nbsp;&nbsp; 7-21-2032 | 100000 | &nbsp;&nbsp; 89922 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (U.S. SOFR+1.28%)± | 2.62 | &nbsp;&nbsp; 4-22-2032 | 100000 | &nbsp;&nbsp; 91459 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc. (U.S. SOFR+1.41%)± | 3.10 | &nbsp;&nbsp; 2-24-2033 | 100000 | &nbsp;&nbsp; 92554 |
| &nbsp;&nbsp;&nbsp; Huntington Bancshares, Inc. | 2.55 | &nbsp;&nbsp; 2-4-2030 | 130000 | &nbsp;&nbsp; 121079 |
| &nbsp;&nbsp;&nbsp; Huntington Bancshares, Inc. (U.S. SOFR+2.05%)± | 5.02 | &nbsp;&nbsp; 5-17-2033 | 170000 | &nbsp;&nbsp; 172159 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR+1.02%)± | 2.07 | &nbsp;&nbsp; 6-1-2029 | 200000 | &nbsp;&nbsp; 190840 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR+1.18%)± | 2.55 | &nbsp;&nbsp; 11-8-2032 | 130000 | &nbsp;&nbsp; 117693 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR+1.26%)± | 2.96 | &nbsp;&nbsp; 1-25-2033 | 150000 | &nbsp;&nbsp; 138441 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR+1.31%)± | 5.01 | &nbsp;&nbsp; 1-23-2030 | 110000 | &nbsp;&nbsp; 112941 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR 3 Month+1.11%)± | 1.76 | &nbsp;&nbsp; 11-19-2031 | 180000 | &nbsp;&nbsp; 160271 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR 3 Month+1.25%)± | 2.58 | &nbsp;&nbsp; 4-22-2032 | 100000 | &nbsp;&nbsp; 91834 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co. (U.S. SOFR 3 Month+1.52%)± | 4.20 | &nbsp;&nbsp; 7-23-2029 | 250000 | &nbsp;&nbsp; 250786 |
| &nbsp;&nbsp;&nbsp; KeyBank NA | 3.90 | &nbsp;&nbsp; 4-13-2029 | 300000 | &nbsp;&nbsp; 294994 |
| &nbsp;&nbsp;&nbsp; KeyCorp (U.S. SOFR+1.23%)± | 5.12 | &nbsp;&nbsp; 4-4-2031 | 100000 | &nbsp;&nbsp; 102834 |
| &nbsp;&nbsp;&nbsp; KeyCorp (U.S. SOFR+2.06%)± | 4.79 | &nbsp;&nbsp; 6-1-2033 | 60000 | &nbsp;&nbsp; 60105 |
| &nbsp;&nbsp;&nbsp; M&T Bank Corp. (U.S. SOFR+1.40%)± | 5.18 | &nbsp;&nbsp; 7-8-2031 | 120000 | &nbsp;&nbsp; 123110 |
| &nbsp;&nbsp;&nbsp; M&T Bank Corp. (U.S. SOFR+1.85%)± | 5.05 | &nbsp;&nbsp; 1-27-2034 | 170000 | &nbsp;&nbsp; 171540 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.11%)± | 5.23 | &nbsp;&nbsp; 1-15-2031 | 125000 | &nbsp;&nbsp; 129290 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.18%)± | 2.24 | &nbsp;&nbsp; 7-21-2032 | 180000 | &nbsp;&nbsp; 160537 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.26%)± | 5.66 | &nbsp;&nbsp; 4-18-2030 | 100000 | &nbsp;&nbsp; 104518 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.45%)± | 5.17 | &nbsp;&nbsp; 1-16-2030 | 170000 | &nbsp;&nbsp; 174978 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.51%)± | 5.19 | &nbsp;&nbsp; 4-17-2031 | 120000 | &nbsp;&nbsp; 124200 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.56%)± | 5.32 | &nbsp;&nbsp; 7-19-2035 | 100000 | &nbsp;&nbsp; 103854 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.59%)± | 5.16 | &nbsp;&nbsp; 4-20-2029 | 110000 | &nbsp;&nbsp; 112618 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+1.63%)± | 5.45 | &nbsp;&nbsp; 7-20-2029 | 80000 | &nbsp;&nbsp; 82678 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR+2.08%)± | 4.89 | &nbsp;&nbsp; 7-20-2033 | 50000 | &nbsp;&nbsp; 51184 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR 3 Month+1.40%)± | 3.77 | &nbsp;&nbsp; 1-24-2029 | 10000 | &nbsp;&nbsp; 9934 |

---

See accompanying notes to portfolio of investments

Allspring Broad Market Core Bond ETF \| 7

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Banks**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Morgan Stanley (U.S. SOFR 3 Month+1.89%)± | 4.43<br> %<br>| &nbsp;&nbsp; 1-23-2030 | $110000 | &nbsp;&nbsp; $110824 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. (U.S. SOFR+1.07%)± | 5.22 | &nbsp;&nbsp; 1-29-2031 | 70000 | &nbsp;&nbsp; 72585 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. (U.S. SOFR+1.20%)± | 5.49 | &nbsp;&nbsp; 5-14-2030 | 110000 | &nbsp;&nbsp; 114716 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. (U.S. SOFR+1.93%)± | 5.07 | &nbsp;&nbsp; 1-24-2034 | 50000 | &nbsp;&nbsp; 51407 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. (U.S. SOFR+2.14%)± | 6.04 | &nbsp;&nbsp; 10-28-2033 | 210000 | &nbsp;&nbsp; 227603 |
| &nbsp;&nbsp;&nbsp; State Street Corp. (U.S. SOFR+1.00%)± | 2.62 | &nbsp;&nbsp; 2-7-2033 | 50000 | &nbsp;&nbsp; 45302 |
| &nbsp;&nbsp;&nbsp; State Street Corp. (U.S. SOFR+1.61%)± | 4.42 | &nbsp;&nbsp; 5-13-2033 | 220000 | &nbsp;&nbsp; 220152 |
| &nbsp;&nbsp;&nbsp; Truist Bank | 2.25 | &nbsp;&nbsp; 3-11-2030 | 250000 | &nbsp;&nbsp; 229624 |
| &nbsp;&nbsp;&nbsp; Truist Bank (5 Year Treasury Constant Maturity+1.15%)± | 4.63 | &nbsp;&nbsp; 9-17-2029 | 250000 | &nbsp;&nbsp; 251599 |
| &nbsp;&nbsp;&nbsp; U.S. Bancorp (U.S. SOFR+1.25%)± | 5.10 | &nbsp;&nbsp; 7-23-2030 | 110000 | &nbsp;&nbsp; 113471 |
| &nbsp;&nbsp;&nbsp; U.S. Bancorp (U.S. SOFR+1.56%)± | 5.38 | &nbsp;&nbsp; 1-23-2030 | 50000 | &nbsp;&nbsp; 51869 |
| &nbsp;&nbsp;&nbsp; U.S. Bancorp (U.S. SOFR+2.09%)± | 5.85 | &nbsp;&nbsp; 10-21-2033 | 200000 | &nbsp;&nbsp; 214704 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+1.11%)± | 5.24 | &nbsp;&nbsp; 1-24-2031 | 115000 | &nbsp;&nbsp; 119496 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+1.50%)± | 3.35 | &nbsp;&nbsp; 3-2-2033 | 90000 | &nbsp;&nbsp; 84563 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+1.74%)± | 5.57 | &nbsp;&nbsp; 7-25-2029 | 200000 | &nbsp;&nbsp; 207282 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+1.99%)± | 5.56 | &nbsp;&nbsp; 7-25-2034 | 110000 | &nbsp;&nbsp; 116511 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR+2.02%)± | 5.39 | &nbsp;&nbsp; 4-24-2034 | 180000 | &nbsp;&nbsp; 188695 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. (U.S. SOFR 3 Month+1.57%)± | 3.58 | &nbsp;&nbsp; 5-22-2028 | 10000 | &nbsp;&nbsp; 9927 |
|  |  |  |  | &nbsp;&nbsp; **9485234** |
| **Diversified financial services: 0.38%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American Express Co. (U.S. SOFR+1.44%)± | 5.02 | &nbsp;&nbsp; 4-25-2031 | 90000 | &nbsp;&nbsp; 93009 |
| &nbsp;&nbsp;&nbsp; American Express Co. (U.S. SOFR+1.94%)± | 6.49 | &nbsp;&nbsp; 10-30-2031 | 120000 | &nbsp;&nbsp; 131674 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp. (U.S. SOFR+1.25%)± | 4.49 | &nbsp;&nbsp; 9-11-2031 | 75000 | &nbsp;&nbsp; 74952 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp. (U.S. SOFR+1.79%)± | 3.27 | &nbsp;&nbsp; 3-1-2030 | 170000 | &nbsp;&nbsp; 165055 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp. (U.S. SOFR+2.37%)± | 5.27 | &nbsp;&nbsp; 5-10-2033 | 170000 | &nbsp;&nbsp; 174583 |
| &nbsp;&nbsp;&nbsp; Voya Global Funding144A | 4.60 | &nbsp;&nbsp; 11-24-2030 | 40000 | &nbsp;&nbsp; 40330 |
|  |  |  |  | &nbsp;&nbsp; **679603** |
| **Insurance: 1.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; American International Group, Inc. | 4.85 | &nbsp;&nbsp; 5-7-2030 | 40000 | &nbsp;&nbsp; 40961 |
| &nbsp;&nbsp;&nbsp; Aon Corp. | 3.75 | &nbsp;&nbsp; 5-2-2029 | 140000 | &nbsp;&nbsp; 138274 |
| &nbsp;&nbsp;&nbsp; Aon North America, Inc. | 5.15 | &nbsp;&nbsp; 3-1-2029 | 110000 | &nbsp;&nbsp; 113253 |
| &nbsp;&nbsp;&nbsp; Corebridge Global Funding144A | 5.20 | &nbsp;&nbsp; 1-12-2029 | 100000 | &nbsp;&nbsp; 102615 |
| &nbsp;&nbsp;&nbsp; Corebridge Global Funding144A | 5.90 | &nbsp;&nbsp; 9-19-2028 | 160000 | &nbsp;&nbsp; 167299 |
| &nbsp;&nbsp;&nbsp; Marsh & McLennan Cos., Inc. | 2.38 | &nbsp;&nbsp; 12-15-2031 | 180000 | &nbsp;&nbsp; 161443 |
| &nbsp;&nbsp;&nbsp; Met Tower Global Funding144A | 5.25 | &nbsp;&nbsp; 4-12-2029 | 150000 | &nbsp;&nbsp; 155459 |
| &nbsp;&nbsp;&nbsp; Metropolitan Life Global Funding I144A | 2.95 | &nbsp;&nbsp; 4-9-2030 | 150000 | &nbsp;&nbsp; 142788 |
| &nbsp;&nbsp;&nbsp; Mutual of Omaha Cos. Global Funding144A | 4.75 | &nbsp;&nbsp; 10-15-2029 | 100000 | &nbsp;&nbsp; 101734 |
| &nbsp;&nbsp;&nbsp; Mutual of Omaha Cos. Global Funding144A | 5.00 | &nbsp;&nbsp; 4-1-2030 | 100000 | &nbsp;&nbsp; 102386 |
| &nbsp;&nbsp;&nbsp; Mutual of Omaha Cos. Global Funding144A | 5.45 | &nbsp;&nbsp; 12-12-2028 | 100000 | &nbsp;&nbsp; 103565 |
| &nbsp;&nbsp;&nbsp; New York Life Global Funding144A | 1.20 | &nbsp;&nbsp; 8-7-2030 | 30000 | &nbsp;&nbsp; 26254 |
| &nbsp;&nbsp;&nbsp; NLG Global Funding144A | 4.35 | &nbsp;&nbsp; 9-15-2030 | 95000 | &nbsp;&nbsp; 94171 |
| &nbsp;&nbsp;&nbsp; NLG Global Funding144A | 5.40 | &nbsp;&nbsp; 1-23-2030 | 125000 | &nbsp;&nbsp; 129347 |
| &nbsp;&nbsp;&nbsp; Northwestern Mutual Life Insurance Co.144A | 3.45 | &nbsp;&nbsp; 3-30-2051 | 160000 | &nbsp;&nbsp; 114250 |
| &nbsp;&nbsp;&nbsp; Pacific Life Global Funding II144A | 2.45 | &nbsp;&nbsp; 1-11-2032 | 210000 | &nbsp;&nbsp; 187453 |
| &nbsp;&nbsp;&nbsp; Pacific Life Global Funding II144A | 4.90 | &nbsp;&nbsp; 1-11-2029 | 100000 | &nbsp;&nbsp; 102377 |

---

See accompanying notes to portfolio of investments

8 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Insurance**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Principal Life Global Funding II144A | 5.10<br> %<br>| &nbsp;&nbsp; 1-25-2029 | $100000 | &nbsp;&nbsp; $102616 |
| &nbsp;&nbsp;&nbsp; Protective Life Global Funding144A | 5.22 | &nbsp;&nbsp; 6-12-2029 | 150000 | &nbsp;&nbsp; 155178 |
|  |  |  |  | &nbsp;&nbsp; **2241423** |
| **REITs: 2.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Agree LP | 2.90 | &nbsp;&nbsp; 10-1-2030 | 280000 | &nbsp;&nbsp; 262661 |
| &nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc. | 2.00 | &nbsp;&nbsp; 5-18-2032 | 240000 | &nbsp;&nbsp; 203490 |
| &nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc. | 3.38 | &nbsp;&nbsp; 8-15-2031 | 120000 | &nbsp;&nbsp; 112618 |
| &nbsp;&nbsp;&nbsp; Alexandria Real Estate Equities, Inc. | 3.95 | &nbsp;&nbsp; 1-15-2028 | 30000 | &nbsp;&nbsp; 29834 |
| &nbsp;&nbsp;&nbsp; AvalonBay Communities, Inc.%% | 4.35 | &nbsp;&nbsp; 12-1-2030 | 80000 | &nbsp;&nbsp; 80385 |
| &nbsp;&nbsp;&nbsp; CubeSmart LP | 2.25 | &nbsp;&nbsp; 12-15-2028 | 230000 | &nbsp;&nbsp; 217742 |
| &nbsp;&nbsp;&nbsp; CubeSmart LP | 4.38 | &nbsp;&nbsp; 2-15-2029 | 180000 | &nbsp;&nbsp; 180675 |
| &nbsp;&nbsp;&nbsp; Digital Realty Trust LP | 4.45 | &nbsp;&nbsp; 7-15-2028 | 250000 | &nbsp;&nbsp; 251988 |
| &nbsp;&nbsp;&nbsp; Extra Space Storage LP | 3.90 | &nbsp;&nbsp; 4-1-2029 | 200000 | &nbsp;&nbsp; 197697 |
| &nbsp;&nbsp;&nbsp; Extra Space Storage LP | 4.95 | &nbsp;&nbsp; 1-15-2033 | 40000 | &nbsp;&nbsp; 40483 |
| &nbsp;&nbsp;&nbsp; Extra Space Storage LP | 5.50 | &nbsp;&nbsp; 7-1-2030 | 130000 | &nbsp;&nbsp; 135908 |
| &nbsp;&nbsp;&nbsp; Federal Realty OP LP | 3.20 | &nbsp;&nbsp; 6-15-2029 | 180000 | &nbsp;&nbsp; 173738 |
| &nbsp;&nbsp;&nbsp; Federal Realty OP LP | 5.38 | &nbsp;&nbsp; 5-1-2028 | 140000 | &nbsp;&nbsp; 143769 |
| &nbsp;&nbsp;&nbsp; Healthpeak OP LLC | 2.88 | &nbsp;&nbsp; 1-15-2031 | 230000 | &nbsp;&nbsp; 213224 |
| &nbsp;&nbsp;&nbsp; Healthpeak OP LLC | 3.50 | &nbsp;&nbsp; 7-15-2029 | 200000 | &nbsp;&nbsp; 194738 |
| &nbsp;&nbsp;&nbsp; Kimco Realty OP LLC | 2.25 | &nbsp;&nbsp; 12-1-2031 | 115000 | &nbsp;&nbsp; 102189 |
| &nbsp;&nbsp;&nbsp; NNN REIT, Inc. | 4.30 | &nbsp;&nbsp; 10-15-2028 | 110000 | &nbsp;&nbsp; 110667 |
| &nbsp;&nbsp;&nbsp; NNN REIT, Inc. | 4.60 | &nbsp;&nbsp; 2-15-2031 | 140000 | &nbsp;&nbsp; 141275 |
| &nbsp;&nbsp;&nbsp; Prologis LP | 1.75 | &nbsp;&nbsp; 7-1-2030 | 110000 | &nbsp;&nbsp; 98922 |
| &nbsp;&nbsp;&nbsp; Prologis LP | 1.75 | &nbsp;&nbsp; 2-1-2031 | 30000 | &nbsp;&nbsp; 26531 |
| &nbsp;&nbsp;&nbsp; Prologis LP | 4.75 | &nbsp;&nbsp; 1-15-2031 | 30000 | &nbsp;&nbsp; 30736 |
| &nbsp;&nbsp;&nbsp; Regency Centers LP | 5.00 | &nbsp;&nbsp; 7-15-2032 | 100000 | &nbsp;&nbsp; 102866 |
| &nbsp;&nbsp;&nbsp; Rexford Industrial Realty LP | 5.00 | &nbsp;&nbsp; 6-15-2028 | 280000 | &nbsp;&nbsp; 284762 |
| &nbsp;&nbsp;&nbsp; UDR, Inc. | 2.10 | &nbsp;&nbsp; 8-1-2032 | 200000 | &nbsp;&nbsp; 171756 |
| &nbsp;&nbsp;&nbsp; UDR, Inc. | 3.00 | &nbsp;&nbsp; 8-15-2031 | 200000 | &nbsp;&nbsp; 185620 |
| &nbsp;&nbsp;&nbsp; UDR, Inc. | 3.20 | &nbsp;&nbsp; 1-15-2030 | 40000 | &nbsp;&nbsp; 38431 |
| &nbsp;&nbsp;&nbsp; Ventas Realty LP | 2.50 | &nbsp;&nbsp; 9-1-2031 | 30000 | &nbsp;&nbsp; 27034 |
| &nbsp;&nbsp;&nbsp; Ventas Realty LP | 4.00 | &nbsp;&nbsp; 3-1-2028 | 110000 | &nbsp;&nbsp; 109728 |
| &nbsp;&nbsp;&nbsp; Ventas Realty LP | 4.13 | &nbsp;&nbsp; 1-15-2026 | 110000 | &nbsp;&nbsp; 109930 |
| &nbsp;&nbsp;&nbsp; Welltower OP LLC | 2.75 | &nbsp;&nbsp; 1-15-2032 | 150000 | &nbsp;&nbsp; 136924 |
| &nbsp;&nbsp;&nbsp; Welltower OP LLC | 2.80 | &nbsp;&nbsp; 6-1-2031 | 30000 | &nbsp;&nbsp; 27864 |
| &nbsp;&nbsp;&nbsp; Weyerhaeuser Co. | 3.38 | &nbsp;&nbsp; 3-9-2033 | 210000 | &nbsp;&nbsp; 192725 |
| &nbsp;&nbsp;&nbsp; Weyerhaeuser Co. | 4.00 | &nbsp;&nbsp; 4-15-2030 | 180000 | &nbsp;&nbsp; 177870 |
|  |  |  |  | &nbsp;&nbsp; **4514780** |
| **Industrial: 1.34%** |  |  |  |  |
| **Aerospace/defense: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Boeing Co. | 2.20 | &nbsp;&nbsp; 2-4-2026 | 120000 | &nbsp;&nbsp; 119517 |
| &nbsp;&nbsp;&nbsp; Boeing Co. | 2.70 | &nbsp;&nbsp; 2-1-2027 | 120000 | &nbsp;&nbsp; 118011 |
| &nbsp;&nbsp;&nbsp; Boeing Co. | 5.15 | &nbsp;&nbsp; 5-1-2030 | 160000 | &nbsp;&nbsp; 164909 |
| &nbsp;&nbsp;&nbsp; Boeing Co. | 5.71 | &nbsp;&nbsp; 5-1-2040 | 120000 | &nbsp;&nbsp; 123281 |

---

See accompanying notes to portfolio of investments

Allspring Broad Market Core Bond ETF \| 9

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Aerospace/defense**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; L3Harris Technologies, Inc. | 5.40<br> %<br>| &nbsp;&nbsp; 7-31-2033 | $150000 | &nbsp;&nbsp; $157610 |
| &nbsp;&nbsp;&nbsp; RTX Corp. | 2.38 | &nbsp;&nbsp; 3-15-2032 | 50000 | &nbsp;&nbsp; 44690 |
|  |  |  |  | &nbsp;&nbsp; **728018** |
| **Building materials: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Amrize Finance U.S. LLC144A | 4.95 | &nbsp;&nbsp; 4-7-2030 | 120000 | &nbsp;&nbsp; 123112 |
| &nbsp;&nbsp;&nbsp; Lennox International, Inc. | 1.70 | &nbsp;&nbsp; 8-1-2027 | 82000 | &nbsp;&nbsp; 78856 |
| &nbsp;&nbsp;&nbsp; Lennox International, Inc. | 5.50 | &nbsp;&nbsp; 9-15-2028 | 70000 | &nbsp;&nbsp; 72415 |
| &nbsp;&nbsp;&nbsp; Masco Corp. | 2.00 | &nbsp;&nbsp; 10-1-2030 | 150000 | &nbsp;&nbsp; 134458 |
| &nbsp;&nbsp;&nbsp; Masco Corp. | 3.50 | &nbsp;&nbsp; 11-15-2027 | 100000 | &nbsp;&nbsp; 98919 |
|  |  |  |  | &nbsp;&nbsp; **507760** |
| **Machinery-construction & mining: 0.04%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Oshkosh Corp. | 3.10 | &nbsp;&nbsp; 3-1-2030 | 75000 | &nbsp;&nbsp; **71728** |
| **Machinery-diversified: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CNH Industrial Capital LLC | 5.10 | &nbsp;&nbsp; 4-20-2029 | 160000 | &nbsp;&nbsp; **163925** |
| **Packaging & containers: 0.32%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Packaging Corp. of America | 5.70 | &nbsp;&nbsp; 12-1-2033 | 170000 | &nbsp;&nbsp; 180985 |
| &nbsp;&nbsp;&nbsp; Sealed Air Corp.144A | 1.57 | &nbsp;&nbsp; 10-15-2026 | 350000 | &nbsp;&nbsp; 341373 |
| &nbsp;&nbsp;&nbsp; WRKCo, Inc. | 3.90 | &nbsp;&nbsp; 6-1-2028 | 50000 | &nbsp;&nbsp; 49693 |
|  |  |  |  | &nbsp;&nbsp; **572051** |
| **Transportation: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FedEx Corp. | 3.90 | &nbsp;&nbsp; 2-1-2035 | 200000 | &nbsp;&nbsp; 185563 |
| &nbsp;&nbsp;&nbsp; Norfolk Southern Corp. | 4.55 | &nbsp;&nbsp; 6-1-2053 | 110000 | &nbsp;&nbsp; 94888 |
| &nbsp;&nbsp;&nbsp; Norfolk Southern Corp. | 5.10 | &nbsp;&nbsp; 8-1-2118 | 100000 | &nbsp;&nbsp; 88707 |
|  |  |  |  | &nbsp;&nbsp; **369158** |
| **Technology: 1.57%** |  |  |  |  |
| **Computers: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | 4.40 | &nbsp;&nbsp; 10-15-2030 | 155000 | &nbsp;&nbsp; 154617 |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise Co. | 4.55 | &nbsp;&nbsp; 10-15-2029 | 290000 | &nbsp;&nbsp; 292031 |
| &nbsp;&nbsp;&nbsp; HP, Inc. | 4.00 | &nbsp;&nbsp; 4-15-2029 | 270000 | &nbsp;&nbsp; 267365 |
|  |  |  |  | &nbsp;&nbsp; **714013** |
| **Semiconductors: 0.26%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Intel Corp. | 3.90 | &nbsp;&nbsp; 3-25-2030 | 120000 | &nbsp;&nbsp; 117932 |
| &nbsp;&nbsp;&nbsp; Intel Corp. | 5.00 | &nbsp;&nbsp; 2-21-2031 | 80000 | &nbsp;&nbsp; 82283 |
| &nbsp;&nbsp;&nbsp; Microchip Technology, Inc. | 5.05 | &nbsp;&nbsp; 3-15-2029 | 50000 | &nbsp;&nbsp; 51039 |
| &nbsp;&nbsp;&nbsp; Microchip Technology, Inc. | 5.05 | &nbsp;&nbsp; 2-15-2030 | 210000 | &nbsp;&nbsp; 214585 |
|  |  |  |  | &nbsp;&nbsp; **465839** |
| **Software: 0.91%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Fiserv, Inc. | 3.50 | &nbsp;&nbsp; 7-1-2029 | 170000 | &nbsp;&nbsp; 164482 |
| &nbsp;&nbsp;&nbsp; Fiserv, Inc. | 4.20 | &nbsp;&nbsp; 10-1-2028 | 110000 | &nbsp;&nbsp; 109589 |
| &nbsp;&nbsp;&nbsp; Fiserv, Inc. | 4.55 | &nbsp;&nbsp; 2-15-2031 | 40000 | &nbsp;&nbsp; 39702 |
| &nbsp;&nbsp;&nbsp; Fiserv, Inc. | 4.75 | &nbsp;&nbsp; 3-15-2030 | 20000 | &nbsp;&nbsp; 20120 |

---

See accompanying notes to portfolio of investments

10 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Software**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 2.88<br> %<br>| &nbsp;&nbsp; 3-25-2031 | $200000 | &nbsp;&nbsp; $181346 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 2.95 | &nbsp;&nbsp; 4-1-2030 | 50000 | &nbsp;&nbsp; 46508 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 3.80 | &nbsp;&nbsp; 11-15-2037 | 160000 | &nbsp;&nbsp; 133075 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 3.85 | &nbsp;&nbsp; 7-15-2036 | 100000 | &nbsp;&nbsp; 86110 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 4.20 | &nbsp;&nbsp; 9-27-2029 | 120000 | &nbsp;&nbsp; 118411 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 5.88 | &nbsp;&nbsp; 9-26-2045 | 235000 | &nbsp;&nbsp; 221585 |
| &nbsp;&nbsp;&nbsp; Oracle Corp. | 6.15 | &nbsp;&nbsp; 11-9-2029 | 20000 | &nbsp;&nbsp; 21001 |
| &nbsp;&nbsp;&nbsp; Roper Technologies, Inc. | 2.95 | &nbsp;&nbsp; 9-15-2029 | 170000 | &nbsp;&nbsp; 162628 |
| &nbsp;&nbsp;&nbsp; Roper Technologies, Inc. | 4.45 | &nbsp;&nbsp; 9-15-2030 | 80000 | &nbsp;&nbsp; 80447 |
| &nbsp;&nbsp;&nbsp; Roper Technologies, Inc. | 4.50 | &nbsp;&nbsp; 10-15-2029 | 100000 | &nbsp;&nbsp; 101066 |
| &nbsp;&nbsp;&nbsp; Take-Two Interactive Software, Inc. | 5.40 | &nbsp;&nbsp; 6-12-2029 | 150000 | &nbsp;&nbsp; 155454 |
|  |  |  |  | &nbsp;&nbsp; **1641524** |
| **Utilities: 4.78%** |  |  |  |  |
| **Electric: 4.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; AEP Transmission Co. LLC | 5.15 | &nbsp;&nbsp; 4-1-2034 | 180000 | &nbsp;&nbsp; 184887 |
| &nbsp;&nbsp;&nbsp; Alabama Power Co. | 5.85 | &nbsp;&nbsp; 11-15-2033 | 70000 | &nbsp;&nbsp; 75624 |
| &nbsp;&nbsp;&nbsp; Alliant Energy Finance LLC144A | 3.60 | &nbsp;&nbsp; 3-1-2032 | 220000 | &nbsp;&nbsp; 205525 |
| &nbsp;&nbsp;&nbsp; Ameren Missouri Securitization Funding I LLC Series A-1 | 4.85 | &nbsp;&nbsp; 10-1-2039 | 52992 | &nbsp;&nbsp; 54144 |
| &nbsp;&nbsp;&nbsp; American Transmission Systems, Inc.144A | 2.65 | &nbsp;&nbsp; 1-15-2032 | 230000 | &nbsp;&nbsp; 207974 |
| &nbsp;&nbsp;&nbsp; Black Hills Corp. | 4.35 | &nbsp;&nbsp; 5-1-2033 | 240000 | &nbsp;&nbsp; 232484 |
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Houston Electric LLC | 5.15 | &nbsp;&nbsp; 3-1-2034 | 100000 | &nbsp;&nbsp; 103417 |
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Houston Electric LLC Series AI | 4.45 | &nbsp;&nbsp; 10-1-2032 | 320000 | &nbsp;&nbsp; 320261 |
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Houston Electric LLC Series AQ | 4.95 | &nbsp;&nbsp; 8-15-2035 | 100000 | &nbsp;&nbsp; 101348 |
| &nbsp;&nbsp;&nbsp; Commonwealth Edison Co. Series 103 | 5.90 | &nbsp;&nbsp; 3-15-2036 | 120000 | &nbsp;&nbsp; 130547 |
| &nbsp;&nbsp;&nbsp; Commonwealth Edison Co. Series 132 | 3.15 | &nbsp;&nbsp; 3-15-2032 | 180000 | &nbsp;&nbsp; 167747 |
| &nbsp;&nbsp;&nbsp; Commonwealth Edison Co. Series 133 | 3.85 | &nbsp;&nbsp; 3-15-2052 | 210000 | &nbsp;&nbsp; 162006 |
| &nbsp;&nbsp;&nbsp; Connecticut Light & Power Co. | 5.25 | &nbsp;&nbsp; 1-15-2053 | 100000 | &nbsp;&nbsp; 96204 |
| &nbsp;&nbsp;&nbsp; Consumers Securitization Funding LLC Series A2 | 5.21 | &nbsp;&nbsp; 9-1-2030 | 297000 | &nbsp;&nbsp; 307058 |
| &nbsp;&nbsp;&nbsp; Dominion Energy South Carolina, Inc. | 6.25 | &nbsp;&nbsp; 10-15-2053 | 130000 | &nbsp;&nbsp; 143453 |
| &nbsp;&nbsp;&nbsp; Dominion Energy South Carolina, Inc. Series 2025 | 5.30 | &nbsp;&nbsp; 1-15-2035 | 110000 | &nbsp;&nbsp; 114824 |
| &nbsp;&nbsp;&nbsp; DTE Electric Co. Series C | 2.63 | &nbsp;&nbsp; 3-1-2031 | 130000 | &nbsp;&nbsp; 120104 |
| &nbsp;&nbsp;&nbsp; Duke Energy Carolinas LLC | 3.55 | &nbsp;&nbsp; 3-15-2052 | 70000 | &nbsp;&nbsp; 51545 |
| &nbsp;&nbsp;&nbsp; Duke Energy Carolinas LLC | 6.00 | &nbsp;&nbsp; 1-15-2038 | 120000 | &nbsp;&nbsp; 130508 |
| &nbsp;&nbsp;&nbsp; Duke Energy Carolinas LLC | 6.05 | &nbsp;&nbsp; 4-15-2038 | 130000 | &nbsp;&nbsp; 142183 |
| &nbsp;&nbsp;&nbsp; Duke Energy Progress LLC | 2.00 | &nbsp;&nbsp; 8-15-2031 | 230000 | &nbsp;&nbsp; 204204 |
| &nbsp;&nbsp;&nbsp; Duke Energy Progress LLC | 3.40 | &nbsp;&nbsp; 4-1-2032 | 60000 | &nbsp;&nbsp; 56983 |
| &nbsp;&nbsp;&nbsp; Duke Energy Progress LLC | 4.10 | &nbsp;&nbsp; 3-15-2043 | 140000 | &nbsp;&nbsp; 120019 |
| &nbsp;&nbsp;&nbsp; Entergy Arkansas LLC | 5.15 | &nbsp;&nbsp; 1-15-2033 | 180000 | &nbsp;&nbsp; 186953 |
| &nbsp;&nbsp;&nbsp; Entergy Arkansas LLC | 5.45 | &nbsp;&nbsp; 6-1-2034 | 110000 | &nbsp;&nbsp; 115719 |
| &nbsp;&nbsp;&nbsp; Evergy Kansas Central, Inc. | 5.25 | &nbsp;&nbsp; 3-15-2035 | 410000 | &nbsp;&nbsp; 420675 |
| &nbsp;&nbsp;&nbsp; Evergy Kansas Central, Inc. | 5.70 | &nbsp;&nbsp; 3-15-2053 | 100000 | &nbsp;&nbsp; 101113 |
| &nbsp;&nbsp;&nbsp; FirstEnergy Transmission LLC144A | 2.87 | &nbsp;&nbsp; 9-15-2028 | 120000 | &nbsp;&nbsp; 115897 |
| &nbsp;&nbsp;&nbsp; Florida Power & Light Co. | 5.30 | &nbsp;&nbsp; 6-15-2034 | 110000 | &nbsp;&nbsp; 115724 |
| &nbsp;&nbsp;&nbsp; Florida Power & Light Co. | 5.30 | &nbsp;&nbsp; 4-1-2053 | 120000 | &nbsp;&nbsp; 117675 |
| &nbsp;&nbsp;&nbsp; Florida Power & Light Co. | 5.65 | &nbsp;&nbsp; 2-1-2037 | 30000 | &nbsp;&nbsp; 32262 |
| &nbsp;&nbsp;&nbsp; Indianapolis Power & Light Co.144A | 5.05 | &nbsp;&nbsp; 8-15-2035 | 240000 | &nbsp;&nbsp; 243568 |
| &nbsp;&nbsp;&nbsp; Indianapolis Power & Light Co.144A | 5.65 | &nbsp;&nbsp; 12-1-2032 | 100000 | &nbsp;&nbsp; 105217 |

---

See accompanying notes to portfolio of investments

Allspring Broad Market Core Bond ETF \| 11

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Electric**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Indianapolis Power & Light Co.144A | 5.70<br> %<br>| &nbsp;&nbsp; 4-1-2054 | $190000 | &nbsp;&nbsp; $190597 |
| &nbsp;&nbsp;&nbsp; Interstate Power & Light Co. | 4.95 | &nbsp;&nbsp; 9-30-2034 | 100000 | &nbsp;&nbsp; 100351 |
| &nbsp;&nbsp;&nbsp; Kentucky Utilities Co. Series KENT | 5.45 | &nbsp;&nbsp; 4-15-2033 | 70000 | &nbsp;&nbsp; 73663 |
| &nbsp;&nbsp;&nbsp; Louisville Gas & Electric Co. Series LOU | 5.45 | &nbsp;&nbsp; 4-15-2033 | 150000 | &nbsp;&nbsp; 157968 |
| &nbsp;&nbsp;&nbsp; Mid-Atlantic Interstate Transmission LLC144A | 4.10 | &nbsp;&nbsp; 5-15-2028 | 60000 | &nbsp;&nbsp; 60011 |
| &nbsp;&nbsp;&nbsp; Northern States Power Co. | 3.40 | &nbsp;&nbsp; 8-15-2042 | 110000 | &nbsp;&nbsp; 87305 |
| &nbsp;&nbsp;&nbsp; Northern States Power Co. | 4.50 | &nbsp;&nbsp; 6-1-2052 | 230000 | &nbsp;&nbsp; 199908 |
| &nbsp;&nbsp;&nbsp; NorthWestern Corp.144A | 5.07 | &nbsp;&nbsp; 3-21-2030 | 190000 | &nbsp;&nbsp; 195495 |
| &nbsp;&nbsp;&nbsp; Oncor Electric Delivery Co. LLC | 4.60 | &nbsp;&nbsp; 6-1-2052 | 220000 | &nbsp;&nbsp; 187462 |
| &nbsp;&nbsp;&nbsp; Oncor Electric Delivery Co. LLC144A | 5.35 | &nbsp;&nbsp; 4-1-2035 | 135000 | &nbsp;&nbsp; 140518 |
| &nbsp;&nbsp;&nbsp; Public Service Co. of New Hampshire | 5.35 | &nbsp;&nbsp; 10-1-2033 | 110000 | &nbsp;&nbsp; 115457 |
| &nbsp;&nbsp;&nbsp; Public Service Electric & Gas Co. | 3.10 | &nbsp;&nbsp; 3-15-2032 | 130000 | &nbsp;&nbsp; 121112 |
| &nbsp;&nbsp;&nbsp; Public Service Electric & Gas Co. | 3.95 | &nbsp;&nbsp; 5-1-2042 | 180000 | &nbsp;&nbsp; 153927 |
| &nbsp;&nbsp;&nbsp; Public Service Electric & Gas Co. | 5.20 | &nbsp;&nbsp; 3-1-2034 | 10000 | &nbsp;&nbsp; 10402 |
| &nbsp;&nbsp;&nbsp; Puget Sound Energy, Inc. | 5.33 | &nbsp;&nbsp; 6-15-2034 | 110000 | &nbsp;&nbsp; 114174 |
| &nbsp;&nbsp;&nbsp; Puget Sound Energy, Inc. | 5.45 | &nbsp;&nbsp; 6-1-2053 | 150000 | &nbsp;&nbsp; 146444 |
| &nbsp;&nbsp;&nbsp; Rochester Gas & Electric Corp.144A | 1.85 | &nbsp;&nbsp; 12-1-2030 | 170000 | &nbsp;&nbsp; 149058 |
| &nbsp;&nbsp;&nbsp; Tucson Electric Power Co. | 3.25 | &nbsp;&nbsp; 5-15-2032 | 70000 | &nbsp;&nbsp; 65181 |
| &nbsp;&nbsp;&nbsp; Union Electric Co. | 5.20 | &nbsp;&nbsp; 4-1-2034 | 290000 | &nbsp;&nbsp; 300559 |
| &nbsp;&nbsp;&nbsp; Union Electric Co. | 5.25 | &nbsp;&nbsp; 4-15-2035 | 100000 | &nbsp;&nbsp; 103869 |
| &nbsp;&nbsp;&nbsp; Union Electric Co. | 5.45 | &nbsp;&nbsp; 3-15-2053 | 170000 | &nbsp;&nbsp; 166709 |
| &nbsp;&nbsp;&nbsp; Virginia Power Fuel Securitization LLC Series A-2 | 4.88 | &nbsp;&nbsp; 5-1-2031 | 100000 | &nbsp;&nbsp; 102671 |
| &nbsp;&nbsp;&nbsp; Wisconsin Power & Light Co. | 3.95 | &nbsp;&nbsp; 9-1-2032 | 120000 | &nbsp;&nbsp; 115880 |
| &nbsp;&nbsp;&nbsp; Wisconsin Power & Light Co. | 5.38 | &nbsp;&nbsp; 3-30-2034 | 70000 | &nbsp;&nbsp; 72751 |
|  |  |  |  | &nbsp;&nbsp; **8119324** |
| **Gas: 0.27%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Atmos Energy Corp. | 5.90 | &nbsp;&nbsp; 11-15-2033 | 110000 | &nbsp;&nbsp; 119956 |
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Resources Corp. | 1.75 | &nbsp;&nbsp; 10-1-2030 | 70000 | &nbsp;&nbsp; 62437 |
| &nbsp;&nbsp;&nbsp; Southern Co. Gas Capital Corp. | 4.95 | &nbsp;&nbsp; 9-15-2034 | 200000 | &nbsp;&nbsp; 201543 |
| &nbsp;&nbsp;&nbsp; Spire Missouri, Inc. Series 2034 | 5.15 | &nbsp;&nbsp; 8-15-2034 | 110000 | &nbsp;&nbsp; 114015 |
|  |  |  |  | &nbsp;&nbsp; **497951** |
| **Total corporate bonds and notes (Cost $46,717,650)** |  |  |  | &nbsp;&nbsp; **48172603** |
| **Municipal obligations: 6.63%** |  |  |  |  |
| **California: 0.88%** |  |  |  |  |
| **GO revenue: 0.68%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Foothill-De Anza Community College District Series E | 3.22 | &nbsp;&nbsp; 8-1-2038 | 225000 | &nbsp;&nbsp; 195179 |
| &nbsp;&nbsp;&nbsp; Glendale Unified School District Series B | 1.58 | &nbsp;&nbsp; 9-1-2030 | 200000 | &nbsp;&nbsp; 179027 |
| &nbsp;&nbsp;&nbsp; Los Angeles Community College District | 1.17 | &nbsp;&nbsp; 8-1-2026 | 100000 | &nbsp;&nbsp; 98323 |
| &nbsp;&nbsp;&nbsp; Los Angeles Community College District | 1.81 | &nbsp;&nbsp; 8-1-2030 | 100000 | &nbsp;&nbsp; 92014 |
| &nbsp;&nbsp;&nbsp; San Diego Community College District | 2.38 | &nbsp;&nbsp; 8-1-2033 | 235000 | &nbsp;&nbsp; 207681 |
| &nbsp;&nbsp;&nbsp; State of California | 5.75 | &nbsp;&nbsp; 10-1-2031 | 150000 | &nbsp;&nbsp; 163561 |
| &nbsp;&nbsp;&nbsp; State of California | 7.55 | &nbsp;&nbsp; 4-1-2039 | 235000 | &nbsp;&nbsp; 289311 |
|  |  |  |  | &nbsp;&nbsp; **1225096** |

---

See accompanying notes to portfolio of investments

12 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Tax revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; San Jose Redevelopment Agency Successor Agency Series A-T | 3.38<br> %<br>| &nbsp;&nbsp; 8-1-2034 | $375000 | &nbsp;&nbsp; $**352600** |
|  |  |  |  | &nbsp;&nbsp; **1577696** |
| **Colorado: 0.25%** |  |  |  |  |
| **Housing revenue: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Colorado HFA Series L1 (GNMA / FNMA / FHLMC Insured) | 6.25 | &nbsp;&nbsp; 5-1-2056 | 415000 | &nbsp;&nbsp; **442332** |
| **Florida: 0.10%** |  |  |  |  |
| **Housing revenue: 0.10%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Florida Housing Finance Corp. Series 4 (GNMA / FNMA / FHLMC <br> Insured)<br>| 5.50 | &nbsp;&nbsp; 7-1-2054 | 175000 | &nbsp;&nbsp; **179410** |
| **Hawaii: 0.01%** |  |  |  |  |
| **GO revenue: 0.01%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City & County of Honolulu Series F | 3.75 | &nbsp;&nbsp; 9-1-2030 | 25000 | &nbsp;&nbsp; **24833** |
| **Indiana: 0.20%** |  |  |  |  |
| **Housing revenue: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Indiana Housing & CDA Series C-2 (GNMA / FNMA / FHLMC Insured) | 6.25 | &nbsp;&nbsp; 1-1-2054 | 350000 | &nbsp;&nbsp; **368830** |
| **Iowa: 0.17%** |  |  |  |  |
| **Housing revenue: 0.17%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Iowa Finance Authority Series F (GNMA / FNMA / FHLMC Insured) | 6.25 | &nbsp;&nbsp; 7-1-2054 | 300000 | &nbsp;&nbsp; **316243** |
| **Louisiana: 0.37%** |  |  |  |  |
| **Miscellaneous revenue: 0.37%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Louisiana Local Government Environmental Facilities & CDA Series A | 4.28 | &nbsp;&nbsp; 2-1-2036 | 525000 | &nbsp;&nbsp; 523663 |
| &nbsp;&nbsp;&nbsp; Louisiana Local Government Environmental Facilities & CDA Series A | 4.48 | &nbsp;&nbsp; 8-1-2039 | 100000 | &nbsp;&nbsp; 98457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Louisiana Local Government Environmental Facilities & CDA <br> Series A1<br>| 5.05 | &nbsp;&nbsp; 12-1-2034 | 50000 | &nbsp;&nbsp; 51988 |
|  |  |  |  | &nbsp;&nbsp; **674108** |
| **Massachusetts: 0.70%** |  |  |  |  |
| **GO revenue: 0.40%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts | 5.46 | &nbsp;&nbsp; 12-1-2039 | 250000 | &nbsp;&nbsp; 259745 |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts Series C | 2.51 | &nbsp;&nbsp; 7-1-2041 | 125000 | &nbsp;&nbsp; 96643 |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts Series D | 2.66 | &nbsp;&nbsp; 9-1-2039 | 434589 | &nbsp;&nbsp; 370083 |
|  |  |  |  | &nbsp;&nbsp; **726471** |
| **Miscellaneous revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts COVID-19 Recovery Assessment <br> Revenue Series B<br>| 4.11 | &nbsp;&nbsp; 7-15-2031 | 30662 | &nbsp;&nbsp; **30656** |
| **Tax revenue: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Massachusetts School Building Authority | 5.72 | &nbsp;&nbsp; 8-15-2039 | 275000 | &nbsp;&nbsp; **289600** |
| **Water & sewer revenue: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Massachusetts Water Resources Authority | 3.10 | &nbsp;&nbsp; 8-1-2039 | 250000 | &nbsp;&nbsp; **212434** |
|  |  |  |  | &nbsp;&nbsp; **1259161** |

---

See accompanying notes to portfolio of investments

Allspring Broad Market Core Bond ETF \| 13

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Michigan: 0.21%** |  |  |  |  |
| **Health revenue: 0.21%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Michigan Finance Authority Trinity Health Corp. Obligated Group <br> Series T<br>| 3.08<br> %<br>| &nbsp;&nbsp; 12-1-2034 | $410000 | &nbsp;&nbsp; **$377250** |
| **Nebraska: 0.31%** |  |  |  |  |
| **Education revenue: 0.12%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; University of Nebraska Facilities Corp. Series A | 3.19 | &nbsp;&nbsp; 10-1-2039 | 250000 | &nbsp;&nbsp; **215956** |
| **Housing revenue: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nebraska Investment Finance Authority Series B (GNMA / FNMA / <br> FHLMC Insured)<br>| 6.00 | &nbsp;&nbsp; 9-1-2053 | 325000 | &nbsp;&nbsp; **340612** |
|  |  |  |  | &nbsp;&nbsp; **556568** |
| **Nevada: 0.18%** |  |  |  |  |
| **Housing revenue: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nevada Housing Division Series F (GNMA / FNMA / FHLMC Insured) | 6.00 | &nbsp;&nbsp; 10-1-2054 | 305000 | &nbsp;&nbsp; **319241** |
| **New York: 0.75%** |  |  |  |  |
| **GO revenue: 0.02%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of New York Series B | 2.36 | &nbsp;&nbsp; 2-15-2027 | 40000 | &nbsp;&nbsp; **39349** |
| **Tax revenue: 0.51%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax Secured <br> Revenue Series I-2<br>| 5.22 | &nbsp;&nbsp; 5-1-2033 | 325000 | &nbsp;&nbsp; 342465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Dormitory Authority Personal Income Tax Revenue <br> Series D<br>| 5.50 | &nbsp;&nbsp; 3-15-2030 | 88422 | &nbsp;&nbsp; 90118 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York State Dormitory Authority Personal Income Tax Revenue <br> Series F<br>| 5.63 | &nbsp;&nbsp; 3-15-2039 | 470000 | &nbsp;&nbsp; 487794 |
|  |  |  |  | &nbsp;&nbsp; **920377** |
| **Water & sewer revenue: 0.22%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York City Municipal Water Finance Authority Water & Sewer <br> System Series GG<br>| 5.72 | &nbsp;&nbsp; 6-15-2042 | 375000 | &nbsp;&nbsp; **383947** |
|  |  |  |  | &nbsp;&nbsp; **1343673** |
| **North Carolina: 0.14%** |  |  |  |  |
| **Education revenue: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; University of North Carolina at Chapel Hill | 3.85 | &nbsp;&nbsp; 12-1-2034 | 260000 | &nbsp;&nbsp; **254842** |
| **Ohio: 0.26%** |  |  |  |  |
| **Health revenue: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ohio Higher Educational Facility Commission Cleveland Clinic Health <br> System Obligated Group<br>| 4.72 | &nbsp;&nbsp; 1-1-2032 | 100000 | &nbsp;&nbsp; 103031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Ohio Cleveland Clinic Health System Obligated Group <br> Series B<br>| 3.17 | &nbsp;&nbsp; 1-1-2030 | 100000 | &nbsp;&nbsp; 97125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; State of Ohio Cleveland Clinic Health System Obligated Group <br> Series G<br>| 3.28 | &nbsp;&nbsp; 1-1-2042 | 150000 | &nbsp;&nbsp; 125504 |
|  |  |  |  | &nbsp;&nbsp; **325660** |

---

See accompanying notes to portfolio of investments

14 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Miscellaneous revenue: 0.08%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; JobsOhio Beverage System Series B | 4.89<br> %<br>| &nbsp;&nbsp; 1-1-2040 | $135000 | &nbsp;&nbsp; $**135866** |
|  |  |  |  | &nbsp;&nbsp; **461526** |
| **Oklahoma: 0.31%** |  |  |  |  |
| **Utilities revenue: 0.31%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority Public Service Co. of <br> Oklahoma Series A-1<br>| 4.14 | &nbsp;&nbsp; 12-1-2033 | 97341 | &nbsp;&nbsp; 96891 |
| &nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority Series 2022-ONG | 4.38 | &nbsp;&nbsp; 11-1-2045 | 270000 | &nbsp;&nbsp; 256566 |
| &nbsp;&nbsp;&nbsp; Oklahoma Development Finance Authority Series A-2 | 4.85 | &nbsp;&nbsp; 2-1-2045 | 200000 | &nbsp;&nbsp; 199968 |
|  |  |  |  | &nbsp;&nbsp; **553425** |
| **Oregon: 0.28%** |  |  |  |  |
| **GO revenue: 0.28%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; State of Oregon | 5.89 | &nbsp;&nbsp; 6-1-2027 | 49670 | &nbsp;&nbsp; 50592 |
| &nbsp;&nbsp;&nbsp; State of Oregon Series A | 5.90 | &nbsp;&nbsp; 8-1-2038 | 190000 | &nbsp;&nbsp; 206294 |
| &nbsp;&nbsp;&nbsp; State of Oregon Series B | 5.30 | &nbsp;&nbsp; 5-1-2036 | 225000 | &nbsp;&nbsp; 241215 |
|  |  |  |  | &nbsp;&nbsp; **498101** |
| **South Dakota: 0.18%** |  |  |  |  |
| **Housing revenue: 0.18%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Dakota Housing Development Authority Series E (GNMA / <br> FNMA / FHLMC Insured)<br>| 6.25 | &nbsp;&nbsp; 5-1-2054 | 85000 | &nbsp;&nbsp; 89265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; South Dakota Housing Development Authority Series H (GNMA / <br> FNMA / FHLMC Insured)<br>| 6.01 | &nbsp;&nbsp; 5-1-2054 | 225000 | &nbsp;&nbsp; 234387 |
|  |  |  |  | &nbsp;&nbsp; **323652** |
| **Texas: 1.02%** |  |  |  |  |
| **Education revenue: 0.14%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Waco Educational Finance Corp. Baylor University Series B | 4.87 | &nbsp;&nbsp; 3-1-2030 | 250000 | &nbsp;&nbsp; **257761** |
| **GO revenue: 0.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of Garland | 4.54 | &nbsp;&nbsp; 2-15-2032 | 450000 | &nbsp;&nbsp; 461558 |
| &nbsp;&nbsp;&nbsp; State of Texas | 2.70 | &nbsp;&nbsp; 4-1-2031 | 225000 | &nbsp;&nbsp; 212412 |
| &nbsp;&nbsp;&nbsp; State of Texas Series A | 4.68 | &nbsp;&nbsp; 4-1-2040 | 35000 | &nbsp;&nbsp; 33966 |
| &nbsp;&nbsp;&nbsp; Texas Transportation Commission Mobility Fund | 1.88 | &nbsp;&nbsp; 10-1-2034 | 350000 | &nbsp;&nbsp; 288731 |
| &nbsp;&nbsp;&nbsp; Texas Transportation Commission Mobility Fund | 2.47 | &nbsp;&nbsp; 10-1-2044 | 75000 | &nbsp;&nbsp; 52479 |
|  |  |  |  | &nbsp;&nbsp; **1049146** |
| **Utilities revenue: 0.30%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; City of San Antonio Electric & Gas Systems Revenue Series A | 5.47 | &nbsp;&nbsp; 2-1-2045 | 220000 | &nbsp;&nbsp; 223689 |
| &nbsp;&nbsp;&nbsp; Texas Natural Gas Securitization Finance Corp. | 5.17 | &nbsp;&nbsp; 4-1-2041 | 125000 | &nbsp;&nbsp; 128879 |
| &nbsp;&nbsp;&nbsp; Texas Natural Gas Securitization Finance Corp. Series 2023-1 | 5.10 | &nbsp;&nbsp; 4-1-2035 | 171648 | &nbsp;&nbsp; 176920 |
|  |  |  |  | &nbsp;&nbsp; **529488** |
|  |  |  |  | &nbsp;&nbsp; **1836395** |

---

See accompanying notes to portfolio of investments

Allspring Broad Market Core Bond ETF \| 15

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Virginia: 0.31%** |  |  |  |  |
| **Housing revenue: 0.25%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Virginia College Building Authority Series 2020B | 1.97<br> %<br>| &nbsp;&nbsp; 2-1-2032 | $150000 | &nbsp;&nbsp; $132972 |
| &nbsp;&nbsp;&nbsp; Virginia Resources Authority Series B | 5.70 | &nbsp;&nbsp; 11-1-2039 | 310000 | &nbsp;&nbsp; 318330 |
|  |  |  |  | &nbsp;&nbsp; **451302** |
| **Miscellaneous revenue: 0.06%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Williamsburg EDA Colonial Williamsburg Foundation | 4.96 | &nbsp;&nbsp; 11-1-2035 | 115000 | &nbsp;&nbsp; **116222** |
|  |  |  |  | &nbsp;&nbsp; **567524** |
| **Total municipal obligations (Cost $11,609,944)** |  |  |  | &nbsp;&nbsp; **11934810** |
| **Non-agency mortgage-backed securities: 5.62%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ALA Trust Series 2025-OANA Class A (U.S. SOFR 1 <br> Month+1.74%)144A±<br>| 5.70 | &nbsp;&nbsp; 6-15-2040 | 240000 | &nbsp;&nbsp; 240899 |
| &nbsp;&nbsp;&nbsp; Bank5 Series 2024-5YR10 Class A3 | 5.30 | &nbsp;&nbsp; 10-15-2057 | 490000 | &nbsp;&nbsp; 506473 |
| &nbsp;&nbsp;&nbsp; Benchmark Mortgage Trust Series 2020-B16 Class A4 | 2.48 | &nbsp;&nbsp; 2-15-2053 | 350000 | &nbsp;&nbsp; 327528 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BLP Commercial Mortgage Trust Series 2025-IND2 Class A (U.S. SOFR <br> 1 Month+1.50%)144A±<br>| 5.45 | &nbsp;&nbsp; 12-15-2042 | 95000 | &nbsp;&nbsp; 95000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BMP Trust Series 2024-MF23 Class A (U.S. SOFR 1 <br> Month+1.37%)144A±<br>| 5.33 | &nbsp;&nbsp; 6-15-2041 | 300000 | &nbsp;&nbsp; 300000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BOCA Commercial Mortgage Trust Series 2024-BOCA Class A <br> (U.S. SOFR 1 Month+1.92%)144A±<br>| 5.88 | &nbsp;&nbsp; 8-15-2041 | 150000 | &nbsp;&nbsp; 150187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust Series 2021-VOLT Class A (U.S. SOFR <br> 1 Month+0.81%)144A±<br>| 4.77 | &nbsp;&nbsp; 9-15-2036 | 339090 | &nbsp;&nbsp; 338878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust Series 2022-AHP Class A (U.S. SOFR 1 <br> Month+0.99%)144A±<br>| 4.95 | &nbsp;&nbsp; 1-17-2039 | 350000 | &nbsp;&nbsp; 349565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust Series 2024-AIRC Class A (U.S. SOFR <br> 1 Month+1.69%)144A±<br>| 5.65 | &nbsp;&nbsp; 8-15-2041 | 374478 | &nbsp;&nbsp; 374945 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust Series 2024-GPA3 Class A (U.S. SOFR <br> 1 Month+1.29%)144A±<br>| 5.25 | &nbsp;&nbsp; 12-15-2039 | 120399 | &nbsp;&nbsp; 119603 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Commercial Mortgage Trust Series 2024-XL5 Class A (U.S. SOFR 1 <br> Month+1.39%)144A±<br>| 5.35 | &nbsp;&nbsp; 3-15-2041 | 245629 | &nbsp;&nbsp; 245629 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2021-RISE Class A (U.S. SOFR 1 <br> Month+0.86%)144A±<br>| 4.82 | &nbsp;&nbsp; 11-15-2036 | 126799 | &nbsp;&nbsp; 126562 |
| &nbsp;&nbsp;&nbsp; BX Trust Series 2024-BIO Class A (U.S. SOFR 1 Month+1.64%)144A± | 5.60 | &nbsp;&nbsp; 2-15-2041 | 150000 | &nbsp;&nbsp; 149626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2025-DIME Class A (U.S. SOFR 1 <br> Month+1.15%)144A±<br>| 5.11 | &nbsp;&nbsp; 2-15-2035 | 665000 | &nbsp;&nbsp; 663703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2025-LUNR Class A (U.S. SOFR 1 <br> Month+1.50%)144A±<br>| 5.46 | &nbsp;&nbsp; 6-15-2040 | 355072 | &nbsp;&nbsp; 355072 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BX Trust Series 2025-ROIC Class A (U.S. SOFR 1 <br> Month+1.14%)144A±<br>| 5.10 | &nbsp;&nbsp; 3-15-2030 | 268951 | &nbsp;&nbsp; 268447 |
| &nbsp;&nbsp;&nbsp; CSAIL Commercial Mortgage Trust Series 2020-C19 Class A2 | 2.32 | &nbsp;&nbsp; 3-15-2053 | 600000 | &nbsp;&nbsp; 558664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Extended Stay America Trust Series 2025-ESH Class A (U.S. SOFR 1 <br> Month+1.30%)144A±<br>| 5.26 | &nbsp;&nbsp; 10-15-2042 | 190000 | &nbsp;&nbsp; 190296 |
| &nbsp;&nbsp;&nbsp; GS Mortgage Securities Trust Series 2019-GC42 Class A3 | 2.75 | &nbsp;&nbsp; 9-10-2052 | 350000 | &nbsp;&nbsp; 332743 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GWT Trust Series 2024-WLF2 Class A (U.S. SOFR 1 <br> Month+1.69%)144A±<br>| 5.65 | &nbsp;&nbsp; 5-15-2041 | 300000 | &nbsp;&nbsp; 300374 |
| &nbsp;&nbsp;&nbsp; Hudson Yards Mortgage Trust Series 2025-SPRL Class A144A±± | 5.65 | &nbsp;&nbsp; 1-13-2040 | 260000 | &nbsp;&nbsp; 270045 |

---

See accompanying notes to portfolio of investments

16 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Non-agency mortgage-backed securities**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INTOWN Mortgage Trust Series 2025-STAY Class A (U.S. SOFR 1 <br> Month+1.35%)144A±<br>| 5.31<br> %<br>| &nbsp;&nbsp; 3-15-2042 | $300000 | &nbsp;&nbsp; $299813 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Life Mortgage Trust Series 2022-BMR2 Class A1 (U.S. SOFR 1 <br> Month+1.30%)144A±<br>| 5.25 | &nbsp;&nbsp; 5-15-2039 | 240000 | &nbsp;&nbsp; 231344 |
| &nbsp;&nbsp;&nbsp; ONNI Commercial Mortgage Trust Series 2024-APT Class A144A±± | 5.75 | &nbsp;&nbsp; 7-15-2039 | 350000 | &nbsp;&nbsp; 356441 |
| &nbsp;&nbsp;&nbsp; ROCK Trust Series 2024-CNTR Class A144A | 5.39 | &nbsp;&nbsp; 11-13-2041 | 150000 | &nbsp;&nbsp; 154707 |
| &nbsp;&nbsp;&nbsp; Royal St. Moritz♦ | 3.97 | &nbsp;&nbsp; 1-1-2033 | 325000 | &nbsp;&nbsp; 320330 |
| &nbsp;&nbsp;&nbsp; Second & Second♦±± | 3.95 | &nbsp;&nbsp; 1-1-2033 | 245000 | &nbsp;&nbsp; 241215 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SHR Trust Series 2024-LXRY Class A (U.S. SOFR 1 <br> Month+1.95%)144A±<br>| 5.91 | &nbsp;&nbsp; 10-15-2041 | 385000 | &nbsp;&nbsp; 385241 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SMRT Commercial Mortgage Trust Series 2022-MINI Class A <br> (U.S. SOFR 1 Month+1.00%)144A±<br>| 4.96 | &nbsp;&nbsp; 1-15-2039 | 170000 | &nbsp;&nbsp; 169736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SREIT Trust Series 2021-MFP2 Class A (U.S. SOFR 1 <br> Month+0.94%)144A±<br>| 4.90 | &nbsp;&nbsp; 11-15-2036 | 350000 | &nbsp;&nbsp; 349674 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SWCH Commercial Mortgage Trust Series 2025-DATA Class A <br> (U.S. SOFR 1 Month+1.44%)144A±<br>| 5.40 | &nbsp;&nbsp; 2-15-2042 | 255000 | &nbsp;&nbsp; 252692 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TCO Commercial Mortgage Trust Series 2024-DPM Class A (U.S. SOFR <br> 1 Month+1.24%)144A±<br>| 5.20 | &nbsp;&nbsp; 12-15-2039 | 125000 | &nbsp;&nbsp; 125000 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage Trust Series 2019-C51 Class A3 | 3.06 | &nbsp;&nbsp; 6-15-2052 | 754339 | &nbsp;&nbsp; 726667 |
| &nbsp;&nbsp;&nbsp; WHARF Commercial Mortgage Trust Series 2025-DC Class A144A±± | 5.53 | &nbsp;&nbsp; 7-15-2040 | 225000 | &nbsp;&nbsp; 232836 |
| **Total non-agency mortgage-backed securities (Cost $10,075,088)** |  |  |  | &nbsp;&nbsp; **10109935** |
| **U.S. Treasury securities: 15.58%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 4.63 | &nbsp;&nbsp; 2-15-2055 | 7020000 | &nbsp;&nbsp; 6960769 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 4.75 | &nbsp;&nbsp; 5-15-2055 | 1955000 | &nbsp;&nbsp; 1978521 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 4.88 | &nbsp;&nbsp; 8-15-2045 | 4080000 | &nbsp;&nbsp; 4207500 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Bonds | 5.00 | &nbsp;&nbsp; 5-15-2045 | 7045000 | &nbsp;&nbsp; 7385142 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.50 | &nbsp;&nbsp; 9-30-2027 | 1250000 | &nbsp;&nbsp; 1249658 |
| &nbsp;&nbsp;&nbsp; U.S. Treasury Notes | 3.50 | &nbsp;&nbsp; 10-31-2027 | 6280000 | &nbsp;&nbsp; 6278528 |
| **Total U.S. Treasury securities (Cost $27,241,492)** |  |  |  | &nbsp;&nbsp; **28060118** |
| **Yankee corporate bonds and notes: 4.00%** |  |  |  |  |
| **Basic materials: 0.71%** |  |  |  |  |
| **Chemicals: 0.24%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nutrien Ltd. | 2.95 | &nbsp;&nbsp; 5-13-2030 | 100000 | &nbsp;&nbsp; 94671 |
| &nbsp;&nbsp;&nbsp; Nutrien Ltd. | 4.90 | &nbsp;&nbsp; 3-27-2028 | 100000 | &nbsp;&nbsp; 101799 |
| &nbsp;&nbsp;&nbsp; Nutrien Ltd. | 5.25 | &nbsp;&nbsp; 3-12-2032 | 240000 | &nbsp;&nbsp; 247967 |
|  |  |  |  | &nbsp;&nbsp; **444437** |
| **Mining: 0.47%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Anglo American Capital PLC144A | 2.63 | &nbsp;&nbsp; 9-10-2030 | 400000 | &nbsp;&nbsp; 370281 |
| &nbsp;&nbsp;&nbsp; Rio Tinto Finance USA PLC | 5.00 | &nbsp;&nbsp; 3-14-2032 | 110000 | &nbsp;&nbsp; 113724 |
| &nbsp;&nbsp;&nbsp; South32 Treasury Ltd.144A | 4.35 | &nbsp;&nbsp; 4-14-2032 | 370000 | &nbsp;&nbsp; 359561 |
|  |  |  |  | &nbsp;&nbsp; **843566** |
| **Communications: 0.36%** |  |  |  |  |
| **Telecommunications: 0.36%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; NTT Finance Corp.144A | 5.17 | &nbsp;&nbsp; 7-16-2032 | 360000 | &nbsp;&nbsp; 371232 |

---

See accompanying notes to portfolio of investments

Allspring Broad Market Core Bond ETF \| 17

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Telecommunications**(continued) |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Rogers Communications, Inc. | 3.80<br> %<br>| &nbsp;&nbsp; 3-15-2032 | $170000 | &nbsp;&nbsp; $160811 |
| &nbsp;&nbsp;&nbsp; Rogers Communications, Inc. | 5.00 | &nbsp;&nbsp; 2-15-2029 | 110000 | &nbsp;&nbsp; 112183 |
|  |  |  |  | &nbsp;&nbsp; **644226** |
| **Energy: 0.39%** |  |  |  |  |
| **Oil & gas: 0.20%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Canadian Natural Resources Ltd. | 5.00 | &nbsp;&nbsp; 12-15-2029 | 340000 | &nbsp;&nbsp; **348214** |
| **Pipelines: 0.19%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Enbridge, Inc. | 3.13 | &nbsp;&nbsp; 11-15-2029 | 120000 | &nbsp;&nbsp; 115059 |
| &nbsp;&nbsp;&nbsp; Enbridge, Inc. | 5.70 | &nbsp;&nbsp; 3-8-2033 | 220000 | &nbsp;&nbsp; 233011 |
|  |  |  |  | &nbsp;&nbsp; **348070** |
| **Financial: 2.05%** |  |  |  |  |
| **Banks: 2.05%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Bank of Montreal (U.S. SOFR+1.08%)± | 4.35 | &nbsp;&nbsp; 9-22-2031 | 200000 | &nbsp;&nbsp; 200318 |
| &nbsp;&nbsp;&nbsp; Bank of Montreal (U.S. SOFR+1.25%)± | 4.64 | &nbsp;&nbsp; 9-10-2030 | 50000 | &nbsp;&nbsp; 50721 |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia | 4.85 | &nbsp;&nbsp; 2-1-2030 | 150000 | &nbsp;&nbsp; 153811 |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia (U.S. SOFR+1.07%)± | 5.13 | &nbsp;&nbsp; 2-14-2031 | 60000 | &nbsp;&nbsp; 61879 |
| &nbsp;&nbsp;&nbsp; Bank of Nova Scotia (U.S. SOFR+1.09%)± | 4.34 | &nbsp;&nbsp; 9-15-2031 | 75000 | &nbsp;&nbsp; 74899 |
| &nbsp;&nbsp;&nbsp; BNP Paribas SA (U.S. SOFR+1.22%)144A± | 2.16 | &nbsp;&nbsp; 9-15-2029 | 300000 | &nbsp;&nbsp; 283106 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cooperatieve Rabobank UA (1 Year Treasury Constant <br> Maturity+1.00%)144A±<br>| 5.71 | &nbsp;&nbsp; 1-21-2033 | 350000 | &nbsp;&nbsp; 371135 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC (U.S. SOFR+1.29%)± | 5.13 | &nbsp;&nbsp; 3-3-2031 | 200000 | &nbsp;&nbsp; 205531 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC (U.S. SOFR+1.41%)± | 2.87 | &nbsp;&nbsp; 11-22-2032 | 300000 | &nbsp;&nbsp; 273218 |
| &nbsp;&nbsp;&nbsp; HSBC Holdings PLC (U.S. SOFR+1.97%)± | 6.16 | &nbsp;&nbsp; 3-9-2029 | 250000 | &nbsp;&nbsp; 260560 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. (1 Year Treasury Constant <br> Maturity+0.80%)±<br>| 4.53 | &nbsp;&nbsp; 9-12-2031 | 250000 | &nbsp;&nbsp; 252089 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. (1 Year Treasury Constant <br> Maturity+0.95%)±<br>| 2.31 | &nbsp;&nbsp; 7-20-2032 | 300000 | &nbsp;&nbsp; 268762 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada (U.S. SOFR+1.03%)± | 5.15 | &nbsp;&nbsp; 2-4-2031 | 50000 | &nbsp;&nbsp; 51670 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada (U.S. SOFR+1.06%)± | 4.70 | &nbsp;&nbsp; 8-6-2031 | 120000 | &nbsp;&nbsp; 121952 |
| &nbsp;&nbsp;&nbsp; Royal Bank of Canada (U.S. SOFR+1.10%)± | 4.97 | &nbsp;&nbsp; 8-2-2030 | 250000 | &nbsp;&nbsp; 256582 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Financial Group, Inc. | 3.04 | &nbsp;&nbsp; 7-16-2029 | 250000 | &nbsp;&nbsp; 240620 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank | 5.30 | &nbsp;&nbsp; 1-30-2032 | 110000 | &nbsp;&nbsp; 115497 |
| &nbsp;&nbsp;&nbsp; UBS Group AG (1 Year Treasury Constant Maturity+1.00%)144A± | 2.10 | &nbsp;&nbsp; 2-11-2032 | 300000 | &nbsp;&nbsp; 266972 |
| &nbsp;&nbsp;&nbsp; UBS Group AG (1 Year Treasury Constant Maturity+1.10%)144A± | 2.75 | &nbsp;&nbsp; 2-11-2033 | 200000 | &nbsp;&nbsp; 179819 |
|  |  |  |  | &nbsp;&nbsp; **3689141** |
| **Industrial: 0.36%** |  |  |  |  |
| **Aerospace/defense: 0.11%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; BAE Systems PLC144A | 3.40 | &nbsp;&nbsp; 4-15-2030 | 200000 | &nbsp;&nbsp; **193678** |
| **Building materials: 0.16%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; CRH SMW Finance DAC | 5.20 | &nbsp;&nbsp; 5-21-2029 | 200000 | &nbsp;&nbsp; 206575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Johnson Controls International PLC/Tyco Fire & Security Finance <br> SCA<br>| 5.50 | &nbsp;&nbsp; 4-19-2029 | 80000 | &nbsp;&nbsp; 83463 |
|  |  |  |  | &nbsp;&nbsp; **290038** |

---

See accompanying notes to portfolio of investments

18 \| Allspring Broad Market Core Bond ETF

------

Portfolio of investments—November 30, 2025 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Interest<br> rate<br>| Maturity<br> date<br>| Principal | Value |
| **Transportation: 0.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Canadian National Railway Co. | 4.20<br> %<br>| &nbsp;&nbsp; 3-12-2031 | $160000 | &nbsp;&nbsp; **$160459** |
| **Technology: 0.13%** |  |  |  |  |
| **Semiconductors: 0.13%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; NXP BV/NXP Funding LLC/NXP USA, Inc. | 2.65 | &nbsp;&nbsp; 2-15-2032 | 70000 | &nbsp;&nbsp; 62673 |
| &nbsp;&nbsp;&nbsp; NXP BV/NXP Funding LLC/NXP USA, Inc. | 4.85 | &nbsp;&nbsp; 8-19-2032 | 100000 | &nbsp;&nbsp; 100889 |
| &nbsp;&nbsp;&nbsp; NXP BV/NXP Funding LLC/NXP USA, Inc. | 5.00 | &nbsp;&nbsp; 1-15-2033 | 80000 | &nbsp;&nbsp; 81401 |
|  |  |  |  | &nbsp;&nbsp; **244963** |
| **Total yankee corporate bonds and notes (Cost $6,974,842)** |  |  |  | &nbsp;&nbsp; **7206792** |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Yield | Shares |  |
| **Short-term investments: 0.70%** |  |  |  |  |
| **Investment companies: 0.70%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select Class♠∞## |  | 3.93 | 1252724 | &nbsp;&nbsp; **1252724** |
| **Total short-term investments (Cost $1,252,724)** |  |  |  | &nbsp;&nbsp; **1252724** |
| **Total investments in securities (Cost $174,457,183)** | 99.72<br> %<br>|  |  | &nbsp;&nbsp; 179548697 |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  |  | Interest <br>rate<br>|  | Principal |  |
| **TBA sale commitments: (0.99)%** |  |  |  |  |  |
| **Agency securities: (0.99)%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; FNMA |  | 3.00 | &nbsp;&nbsp; 12-1-2055 | (2000000)<br>| &nbsp;&nbsp; **(1776030)**<br>|
| **Total agency securities (Cost $(1763906))** |  |  |  |  | &nbsp;&nbsp; **(1776030)**<br>|
| **Total TBA sale commitments (proceeds $(1763906))** | (0.99)%<br>|  |  |  | &nbsp;&nbsp; (1776030)<br>|
| &nbsp;&nbsp;&nbsp; Other assets and liabilities, net | 1.27 |  |  |  | &nbsp;&nbsp; 2284434 |
| **Total net assets** | **100.00%**<br>|  |  |  | &nbsp;&nbsp; **$180057101** |

---

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

---

| | |
|:---|:---|
| 144A | The security may be resold in transactions exempt from registration, normally to qualified institutional buyers, pursuant to Rule 144A under the Securities Act of <br> 1933.<br>|
| øø | The interest rate is determined and reset by the issuer periodically depending upon the terms of the security. The rate shown is the rate in effect at period end. |
| %% | The security is purchased on a when-issued basis. |
| ± | Variable rate investment. The rate shown is the rate in effect at period end. |
| ±± | The coupon of the security is adjusted based on the principal and/or interest payments received from the underlying pool of mortgages as well as the credit quality <br> and the actual prepayment speed of the underlying mortgages. The rate shown is the rate in effect at period end.<br>|
| ♦ | The security is fair valued in accordance with procedures approved by Allspring Funds Management, LLC. |
| ♠ | The issuer of the security is an affiliated person of the Fund as defined in the Investment Company Act of 1940. |
| ∞ | The rate represents the 7-day annualized yield at period end. |
| ## | All or a portion of this security is segregated as collateral for when-issued securities. |

---

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

---

| | |
|:---|:---|
| Abbreviations: | Abbreviations: |
| CDA | Community Development Authority |
| EDA | Economic Development Authority |
| FHLMC | Federal Home Loan Mortgage Corporation |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| GO | General obligation |
| HFA | Housing Finance Authority |
| REIT | Real estate investment trust |
| SBA | Small Business Authority |
| SOFR | Secured Overnight Financing Rate |

---

See accompanying notes to portfolio of investments

Allspring Broad Market Core Bond ETF \| 19

------

Portfolio of investments—November 30, 2025 (unaudited)

**Investments in affiliates**

An affiliated investment is an investment in which the Fund owns at least 5% of the outstanding voting shares of the issuer or as a result of other relationships, such as the Fund and the issuer having the same investment manager. Transactions with issuers that were affiliates of the Fund at the end of the period were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value, <br>beginning of <br>period<br>| Purchases | Sales <br>proceeds<br>| Net <br>realized <br>gains <br>(losses)<br>| Net <br>change in <br>unrealized <br>gains <br>(losses)<br>| Value, <br>end of <br>period<br>| Shares, <br>end <br>of period<br>| Income <br>from <br>affiliated <br>securities<br>|
| **Short-term investments** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Allspring Government Money Market Fund Select <br> Class<br>| $1503963 | $13283414 | $(13534653)<br>| $0 | $0 | $1252724 | 1252724 | $22283 |

---

See accompanying notes to portfolio of investments

20 \| Allspring Broad Market Core Bond ETF

------

Notes to portfolio of investments—November 30, 2025 (unaudited)

Notes to portfolio of investments

Securities valuation

All investments are valued each business day as of the close of regular trading on the New York Stock Exchange (generally 4 p.m. Eastern Time), although the Fund may deviate from this calculation time under unusual or unexpected circumstances.

Debt securities are valued at the evaluated bid price provided by an independent pricing service (e.g., taking into account various factors, including yields, maturities, or credit ratings) or, if a reliable price is not available, the quoted bid price from an independent broker-dealer.

Investments in registered open-end investment companies (other than those listed on a foreign or domestic exchange or market) are valued at net asset value.

Investments which are not valued using the methods discussed above are valued at their fair value, as determined in good faith by Allspring Funds Management, LLC ("Allspring Funds Management"), which was named the valuation designee by the Board of Trustees. As the valuation designee, Allspring Funds Management is responsible for day-to-day valuation activities for the Allspring Funds. In connection with these responsibilities, Allspring Funds Management has established a Valuation Committee and has delegated to it the authority to take any actions regarding the valuation of portfolio securities that the Valuation Committee deems necessary or appropriate, including determining the fair value of portfolio securities. On a quarterly basis, the Board of Trustees receives reports of valuation actions taken by the Valuation Committee. On at least an annual basis, the Board of Trustees receives an assessment of the adequacy and effectiveness of Allspring Funds Management's process for determining the fair value of the portfolio of investments.

When-issued transactions

The Fund may purchase securities on a forward commitment or when-issued basis. The Fund records a when-issued transaction on the trade date and will segregate assets in an amount at least equal in value to the Fund's commitment to purchase when-issued securities. Securities purchased on a when-issued basis are marked-to-market daily and the Fund begins earning interest on the settlement date. Losses may arise due to changes in the market value of the underlying securities or if the counterparty does not perform under the contract.

TBA sale commitments

The Fund may enter into To Be Announced ("TBA") sale commitments to hedge its portfolio positions or to sell mortgage-backed securities it owns under delayed delivery arrangements. Proceeds of TBA sale commitments are not received until the contractual settlement date. During the time a TBA sale commitment is outstanding, equivalent deliverable securities or offsetting TBA purchase commitments, which are deliverable on or before the sale commitment date, are held as "cover" for the transaction. Unsettled TBA sale commitments are valued at the current market value of the underlying securities, according to the procedures described under "Securities valuation". The contract is marked-to-market daily and the change in market value is recorded by the Fund as an unrealized gain or loss. If the TBA sale commitment is closed through the acquisition of an offsetting purchase commitment, the Fund realizes a gain or loss. If the Fund delivers securities under the commitment, the Fund realizes a gain or a loss from the sale of the securities based upon the unit price established at the date the commitment was entered into.

Mortgage dollar roll transactions

The Fund may engage in mortgage dollar roll transactions through To Be Announced (TBA) mortgage-backed securities issued by Government National Mortgage Association (GNMA), Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC). In a mortgage dollar roll transaction, the Fund sells a mortgage-backed security to a financial institution, such as a bank or broker-dealer and simultaneously agrees to repurchase a substantially similar security from the institution at a later date at an agreed upon price. The mortgage-backed securities that are repurchased will bear the same interest rate as those sold, but generally will be collateralized by different pools of mortgages with different pre-payment histories. During the roll period, the Fund foregoes principal and interest paid on the securities. The Fund is compensated by the difference between the current sales price and the forward price for the future purchase as well as by the earnings on the cash proceeds of the initial sale. Mortgage dollar rolls may be renewed without physical delivery of the securities subject to the contract. The Fund accounts for TBA dollar roll transactions as purchases and sales which, as a result, may increase its portfolio turnover rate.

Fair valuation measurements

Fair value measurements of investments are determined within a framework that has established a fair value hierarchy based upon the various data inputs utilized in determining the value of the Fund's investments. The three-level hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The Fund's investments are classified within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement. The inputs are summarized into three broad levels as follows:

• Level 1 – quoted prices in active markets for identical securities

• Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 – significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

Allspring Broad Market Core Bond ETF \| 21

------

Notes to portfolio of investments—November 30, 2025 (unaudited)

The inputs or methodologies used for valuing investments in securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets and liabilities as of November 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp; Quoted prices <br>(Level 1)<br>| &nbsp;&nbsp;&nbsp; Other significant <br>observable inputs <br>(Level 2)<br>| &nbsp;&nbsp;&nbsp; Significant <br>unobservable inputs <br>(Level 3)<br>| Total |
| **Assets** |  |  |  |  |
| **Investments in:** |  |  |  |  |
| **Agency securities** | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $50673845 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $50673845 |
| **Asset-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 22137870 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 22137870 |
| **Corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 48172603 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 48172603 |
| **Municipal obligations** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 11934810 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 11934810 |
| **Non-agency mortgage-backed securities** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 10109935 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 10109935 |
| **U.S. Treasury securities** | &nbsp;&nbsp; 28060118 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 28060118 |
| **Yankee corporate bonds and notes** | &nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7206792 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 7206792 |
| **Short-term investments** |  |  |  |  |
| *Investment companies* | &nbsp;&nbsp; 1252724 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 0 | &nbsp;&nbsp;&nbsp;&nbsp; 1252724 |
| **Total assets** | &nbsp;&nbsp; **$29312842** | &nbsp;&nbsp;&nbsp; **$150235855** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$179548697** |
| **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** | **Liabilities** |
| **TBA sale commitments** |  |  |  |  |
| *Agency securities* | &nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $1776030 | &nbsp;&nbsp;&nbsp;&nbsp; $0 | &nbsp;&nbsp;&nbsp;&nbsp; $1776030 |
| **Total liabilities** | &nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$1776030** | &nbsp;&nbsp;&nbsp; **$0** | &nbsp;&nbsp;&nbsp; **$1776030** |

---

Additional sector, industry or geographic detail, if any, is included in the Portfolio of investments.

At November 30, 2025, the Fund did not have any transfers into/out of Level 3.

22 \| Allspring Broad Market Core Bond ETF

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ALLSPRING EXCHANGE-TRADED FUNDS TRUST

- **b. Investment Company Act file number:** 811-23597

- **c. CIK number of Registrant:** 0001611331

- **d. LEI of Registrant:** 2549008U45GDNN6MG464

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

  - **Street Address 1:** 1415 VANTAGE PARK DRIVE

  - **City:** CHARLOTTE

  - **State:** NC

  - **Foreign country:** US

  - **Zip / Postal Code:** 28203

  - **Telephone number:** 833-568-4255

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

- **a. Name of Series:** Allspring Broad Market Core Bond ETF

- **b. EDGAR series identifier (if any):** S000088476

- **c. LEI of Series:** 254900JNBMCCT3K5WJ93

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $183142631.16

**Total Liabilities:** $3085862.90

**Net Assets:** $180056768.26

**Delayed Delivery Securities:** $842237.29

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -156.45000000 | **1-Year:** -4715.35000000 | **5-Year:** -19819.84000000 | **10-Year:** -12378.94000000 | **30-Year:** -3152.15000000

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

- **3-Month:** -13.98000000 | **1-Year:** -221.08000000 | **5-Year:** -1182.49000000 | **10-Year:** -729.62000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254753 | 1.09%                | 0.73%                | 0.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $130781.85               | $1118038.62                                |
| Month 2  | $187648.17               | $369562.40                                 |
| Month 3  | $309181.05               | $194933.95                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AEP TRANSMISSION CO LLC                                                          | AEP Transmission Co LLC                                                         | CUSIP: 00115AAR0<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |    180000 | PA      | $184886.95    | 0.10%             | 2034-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                          | Corebridge Global Funding                                                       | CUSIP: 00138CAV0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    160000 | PA      | $167298.88    | 0.09%             | 2028-09-19      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                          | Corebridge Global Funding                                                       | CUSIP: 00138CAX6<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102614.64    | 0.06%             | 2029-01-12      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                         | AT&T Inc                                                                        | CUSIP: 00206RCP5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    120000 | PA      | $116568.87    | 0.06%             | 2035-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                         | AT&T Inc                                                                        | CUSIP: 00206RCQ3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    180000 | PA      | $160003.01    | 0.09%             | 2046-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                         | AT&T Inc                                                                        | CUSIP: 00206RJK9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     40000 | PA      | $35232.97     | 0.02%             | 2044-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                         | AT&T Inc                                                                        | CUSIP: 00206RJY9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    130000 | PA      | $119802.36    | 0.07%             | 2031-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                         | AT&T Inc                                                                        | CUSIP: 00206RKH4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    150000 | PA      | $132289.74    | 0.07%             | 2032-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                         | AT&T Inc                                                                        | CUSIP: 00206RNB4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85155.31     | 0.05%             | 2032-11-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC                                                         | Agilent Technologies Inc                                                        | CUSIP: 00846UAL5<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47578.07     | 0.03%             | 2029-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AGILENT TECHNOLOGIES INC                                                         | Agilent Technologies Inc                                                        | CUSIP: 00846UAM3<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |    130000 | PA      | $118822.93    | 0.07%             | 2030-06-04      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| AGREE LP                                                                         | Agree LP                                                                        | CUSIP: 008513AA1<br>LEI: 549300DXY3G299V1BO77 | Long             | DBT              |  | US        |    280000 | PA      | $262660.71    | 0.15%             | 2030-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| ALA Trust                                                                        | ALA Trust 2025-OANA                                                             | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240000 | PA      | $240898.99    | 0.13%             | 2040-06-15      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| ALABAMA POWER CO                                                                 | Alabama Power Co                                                                | CUSIP: 010392GB8<br>LEI: 0RL818ELFOHP5JHOFU19 | Long             | DBT              | CORP              | US        |     70000 | PA      | $75624.12     | 0.04%             | 2033-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                                         | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AK5<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |     30000 | PA      | $29834.08     | 0.02%             | 2028-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                                         | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AR0<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    120000 | PA      | $112618.43    | 0.06%             | 2031-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA REAL ESTATE E                                                         | Alexandria Real Estate Equities Inc                                             | CUSIP: 015271AW9<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | DBT              |  | US        |    240000 | PA      | $203489.89    | 0.11%             | 2032-05-18      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ALLIANT ENERGY FINANCE                                                           | Alliant Energy Finance LLC                                                      | CUSIP: 01882YAD8<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |    220000 | PA      | $205524.88    | 0.11%             | 2032-03-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                        | Uniform Mortgage-Backed Security, TBA                                           | CUSIP: 01F0306C7<br>LEI: N/A                  | Short            | ABS-MBS          | USGSE             | US        |  -2000000 | PA      | $-1776030.16  | -0.99%            | 2055-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                                                      | Ally Auto Receivables Trust 2025-1                                              | CUSIP: 02008KAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    410000 | PA      | $412564.30    | 0.23%             | 2031-06-16      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| AMEREN MISSOURI SEC FU I                                                         | Ameren Missouri Securitization Funding I LLC                                    | CUSIP: 023940AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     52992 | PA      | $54143.52     | 0.03%             | 2039-10-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                              | American Express Co                                                             | CUSIP: 025816DN6<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    120000 | PA      | $131674.00    | 0.07%             | 2031-10-30      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                              | American Express Co                                                             | CUSIP: 025816EF2<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     90000 | PA      | $93009.21     | 0.05%             | 2031-04-25      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                           | American Honda Finance Corp                                                     | CUSIP: 02665WEB3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    120000 | PA      | $113400.14    | 0.06%             | 2029-01-12      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                           | American Honda Finance Corp                                                     | CUSIP: 02665WFE6<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    160000 | PA      | $163845.09    | 0.09%             | 2029-03-13      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                           | American Honda Finance Corp                                                     | CUSIP: 02665WFQ9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111034.25    | 0.06%             | 2029-09-05      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL                                                           | American International Group Inc                                                | CUSIP: 026874DW4<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40961.40     | 0.02%             | 2030-05-07      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| AMERICAN TRANSMISSION SY                                                         | American Transmission Systems Inc                                               | CUSIP: 030288AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $207973.84    | 0.12%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                                                           | Anglo American Capital PLC                                                      | CUSIP: 034863AX8<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $370281.01    | 0.21%             | 2030-09-10      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| AON CORP                                                                         | Aon Corp                                                                        | CUSIP: 037389BC6<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |    140000 | PA      | $138274.51    | 0.08%             | 2029-05-02      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                                            | Aon North America Inc                                                           | CUSIP: 03740MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $113253.19    | 0.06%             | 2029-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ASCENSION HEALTH                                                                 | Ascension Health                                                                | CUSIP: 04351LAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    235000 | PA      | $238719.82    | 0.13%             | 2035-11-15      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                         | AT&T Inc                                                                        | CUSIP: 04650NAB0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120424.88    | 0.07%             | 2040-09-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ATMOS ENERGY CORP                                                                | Atmos Energy Corp                                                               | CUSIP: 049560AZ8<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |    110000 | PA      | $119956.02    | 0.07%             | 2033-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                                                                     | AutoZone Inc                                                                    | CUSIP: 053332BJ0<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |    130000 | PA      | $134051.02    | 0.07%             | 2029-07-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| AVALONBAY COMMUNITIES                                                            | AvalonBay Communities Inc                                                       | CUSIP: 053484AH4<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | DBT              |  | US        |     80000 | PA      | $80384.60     | 0.04%             | 2030-12-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS PLC                                                                  | BAE Systems PLC                                                                 | CUSIP: 05523RAD9<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $193678.40    | 0.11%             | 2030-04-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| BLP Commercial Mortgage Trust                                                    | BLP Commercial Mortgage Trust 2025-IND2                                         | CUSIP: 05556WAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     95000 | PA      | $94999.81     | 0.05%             | 2042-12-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                               | BMW US Capital LLC                                                              | CUSIP: 05565ECR4<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50771.35     | 0.03%             | 2029-08-13      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                               | BMW US Capital LLC                                                              | CUSIP: 05565ECY9<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46343.31     | 0.03%             | 2030-03-21      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                                                               | BMW US Capital LLC                                                              | CUSIP: 05565EDC6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70500.34     | 0.04%             | 2030-08-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BMP Trust                                                                        | BMP 2024-MF23                                                                   | CUSIP: 05593JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $299999.85    | 0.17%             | 2041-06-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                         | BX Trust 2025-ROIC                                                              | CUSIP: 05593VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    268951 | PA      | $268446.77    | 0.15%             | 2030-03-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                         | BX Trust 2025-LUNR                                                              | CUSIP: 05594CAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    355072 | PA      | $355072.01    | 0.20%             | 2040-06-15      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                         | BX Commercial Mortgage Trust 2021-VOLT                                          | CUSIP: 05609VAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    339090 | PA      | $338877.91    | 0.19%             | 2036-09-15      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                         | BX Commercial Mortgage Trust 2022-AHP                                           | CUSIP: 05610FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $349565.37    | 0.19%             | 2039-01-17      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                         | BX Trust 2024-BIO                                                               | CUSIP: 05612AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $149625.68    | 0.08%             | 2041-02-15      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                         | BX Commercial Mortgage Trust 2024-XL5                                           | CUSIP: 05612GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    245629 | PA      | $245628.73    | 0.14%             | 2041-03-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                         | BX Trust 2025-DIME                                                              | CUSIP: 05613UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    665000 | PA      | $663703.25    | 0.37%             | 2035-02-15      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                             | Bank of America Corp                                                            | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88885.74     | 0.05%             | 2028-12-20      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                             | Bank of America Corp                                                            | CUSIP: 06051GHM4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251566.13    | 0.14%             | 2029-07-23      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                             | Bank of America Corp                                                            | CUSIP: 06051GJF7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    350000 | PA      | $315533.67    | 0.18%             | 2031-07-23      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                             | Bank of America Corp                                                            | CUSIP: 06051GJL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    130000 | PA      | $116603.56    | 0.06%             | 2031-10-24      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                             | Bank of America Corp                                                            | CUSIP: 06051GKD0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    300000 | PA      | $272210.54    | 0.15%             | 2032-10-20      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                             | Bank of America Corp                                                            | CUSIP: 06051GKK4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45961.13     | 0.03%             | 2033-02-04      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                                 | Bank of Montreal                                                                | CUSIP: 06368L8L3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $50721.10     | 0.03%             | 2030-09-10      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                                                 | Bank of Montreal                                                                | CUSIP: 06368MXV1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $200318.03    | 0.11%             | 2031-09-22      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                           | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RBH9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99179.61     | 0.06%             | 2033-06-13      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                           | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RBZ9<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    180000 | PA      | $187094.39    | 0.10%             | 2032-07-22      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                              | Bank of Nova Scotia/The                                                         | CUSIP: 06417XAP6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $153811.32    | 0.09%             | 2030-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                              | Bank of Nova Scotia/The                                                         | CUSIP: 06418GAQ0<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     60000 | PA      | $61879.18     | 0.03%             | 2031-02-14      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                              | Bank of Nova Scotia/The                                                         | CUSIP: 06418GAW7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     75000 | PA      | $74899.02     | 0.04%             | 2031-09-15      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Bank5                                                                            | BANK5 2024-5YR10                                                                | CUSIP: 06604AAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    490000 | PA      | $506473.31    | 0.28%             | 2057-10-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                                                       | Barings Equipment Finance LLC 2025-A                                            | CUSIP: 06764MAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1034860.00   | 0.57%             | 2050-06-13      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                         | Baxter International Inc                                                        | CUSIP: 071813BY4<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97426.09     | 0.05%             | 2030-04-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC                                                         | Baxter International Inc                                                        | CUSIP: 071813CP2<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    220000 | PA      | $207199.03    | 0.12%             | 2028-12-01      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                                                      | Truist Bank                                                                     | CUSIP: 07330MAC1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251598.86    | 0.14%             | 2029-09-17      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                                                            | Becton Dickinson & Co                                                           | CUSIP: 075887CL1<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    230000 | PA      | $204725.35    | 0.11%             | 2031-02-11      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                                                            | Becton Dickinson & Co                                                           | CUSIP: 075887CP2<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49472.09     | 0.03%             | 2032-08-22      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| BECTON DICKINSON & CO                                                            | Becton Dickinson & Co                                                           | CUSIP: 075887CR8<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112234.18    | 0.06%             | 2029-02-08      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust                                                         | Benchmark 2020-B16 Mortgage Trust                                               | CUSIP: 08161NAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $327528.22    | 0.18%             | 2053-02-15      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP                                                                 | Black Hills Corp                                                                | CUSIP: 092113AQ2<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    240000 | PA      | $232483.67    | 0.13%             | 2033-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                                                      | BNP Paribas SA                                                                  | CUSIP: 09659W2R4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    300000 | PA      | $283105.71    | 0.16%             | 2029-09-15      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| Boca Commercial Mortgage Trust                                                   | BOCA Commercial Mortgage Trust 2024-BOCA                                        | CUSIP: 096817AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $150187.19    | 0.08%             | 2041-08-15      | Floating      | 5.88%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                        | Boeing Co/The                                                                   | CUSIP: 097023CM5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118010.85    | 0.07%             | 2027-02-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                        | Boeing Co/The                                                                   | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123280.70    | 0.07%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                        | Boeing Co/The                                                                   | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    160000 | PA      | $164908.88    | 0.09%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                        | Boeing Co/The                                                                   | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119517.42    | 0.07%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| BP CAP MARKETS AMERICA                                                           | BP Capital Markets America Inc                                                  | CUSIP: 10373QBV1<br>LEI: 5493009NTB34VXE1T760 | Long             | DBT              | CORP              | US        |    170000 | PA      | $174067.13    | 0.10%             | 2033-09-11      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                         | BX Commercial Mortgage Trust 2024-GPA3                                          | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    120399 | PA      | $119603.09    | 0.07%             | 2039-12-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                         | BX Commercial Mortgage Trust 2024-AIRC                                          | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    374478 | PA      | $374945.39    | 0.21%             | 2041-08-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                         | BX Trust 2021-RISE                                                              | CUSIP: 12434EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    126799 | PA      | $126562.45    | 0.07%             | 2036-11-15      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                                           | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAS3<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    160000 | PA      | $163925.48    | 0.09%             | 2029-04-20      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                                                  | CSAIL 2020-C19 Commercial Mortgage Trust                                        | CUSIP: 12597NAR4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $558663.66    | 0.31%             | 2053-03-15      | Fixed         | 2.32%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                  | CVS Health Corp                                                                 | CUSIP: 126650DN7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    200000 | PA      | $177848.71    | 0.10%             | 2030-08-21      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                  | CVS Health Corp                                                                 | CUSIP: 126650DT4<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205910.49    | 0.11%             | 2030-02-21      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                  | CVS Health Corp                                                                 | CUSIP: 126650DU1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    230000 | PA      | $238015.21    | 0.13%             | 2033-02-21      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CRH SMW FINANCE DAC                                                              | CRH SMW Finance DAC                                                             | CUSIP: 12704PAA6<br>LEI: 54930044475SH442C864 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $206574.60    | 0.11%             | 2029-05-21      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                                                               | Coterra Energy Inc                                                              | CUSIP: 127097AG8<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109544.43    | 0.06%             | 2027-05-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| COTERRA ENERGY INC                                                               | Coterra Energy Inc                                                              | CUSIP: 127097AK9<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190310.69    | 0.11%             | 2029-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                   | CUSIP: 13063A5G5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    235000 | PA      | $289310.76    | 0.16%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                   | CUSIP: 13063D7E2<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    150000 | PA      | $163560.44    | 0.09%             | 2031-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RAILWAY                                                            | Canadian National Railway Co                                                    | CUSIP: 136375DV1<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | DBT              | CORP              | CA        |    160000 | PA      | $160459.09    | 0.09%             | 2031-03-12      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                                                          | Canadian Natural Resources Ltd                                                  | CUSIP: 136385BD2<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    340000 | PA      | $348213.43    | 0.19%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                         | Capital One Financial Corp                                                      | CUSIP: 14040HCN3<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    170000 | PA      | $165054.75    | 0.09%             | 2030-03-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                         | Capital One Financial Corp                                                      | CUSIP: 14040HCT0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    170000 | PA      | $174583.34    | 0.10%             | 2033-05-10      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                         | Capital One Financial Corp                                                      | CUSIP: 14040HDM4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74952.08     | 0.04%             | 2031-09-11      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                                         | Duke Energy Progress LLC                                                        | CUSIP: 144141DD7<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    140000 | PA      | $120019.42    | 0.07%             | 2043-03-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                                                         | CenterPoint Energy Houston Electric LLC                                         | CUSIP: 15189XAZ1<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    320000 | PA      | $320260.73    | 0.18%             | 2032-10-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                                                         | CenterPoint Energy Houston Electric LLC                                         | CUSIP: 15189XBE7<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103417.41    | 0.06%             | 2034-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                                                         | CenterPoint Energy Houston Electric LLC                                         | CUSIP: 15189XBH0<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101348.45    | 0.06%             | 2035-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY RES                                                           | CenterPoint Energy Resources Corp                                               | CUSIP: 15189YAF3<br>LEI: 2JADVB0458J06WCD4N56 | Long             | DBT              | CORP              | US        |     70000 | PA      | $62436.60     | 0.03%             | 2030-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                         | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $254539.20    | 0.14%             | 2033-04-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                   | CUSIP: 172967LW9<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119932.03    | 0.07%             | 2029-04-23      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                   | CUSIP: 172967MM0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121543.25    | 0.07%             | 2041-03-26      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                   | CUSIP: 172967MS7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    130000 | PA      | $120601.99    | 0.07%             | 2031-06-03      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                   | CUSIP: 172967MY4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    180000 | PA      | $163784.37    | 0.09%             | 2032-05-01      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                   | CUSIP: 172967NE7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    130000 | PA      | $116710.61    | 0.06%             | 2032-11-03      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                   | CUSIP: 172967NU1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    170000 | PA      | $173128.12    | 0.10%             | 2033-05-24      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                   | CUSIP: 172967QF1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95666.25     | 0.05%             | 2031-09-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                   | CUSIP: 17327CAQ6<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46016.44     | 0.03%             | 2033-01-25      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                   | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50456.25     | 0.03%             | 2030-09-19      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                                                         | Citizens Financial Group Inc                                                    | CUSIP: 174610BJ3<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |    360000 | PA      | $369104.12    | 0.20%             | 2031-03-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG & FIN AUTH                                                      | CUSIP: 19648GQ39<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |    415000 | PA      | $442331.57    | 0.25%             | 2056-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                                     | Comcast Corp                                                                    | CUSIP: 20030NCL3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    120000 | PA      | $112982.01    | 0.06%             | 2038-10-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                                     | Comcast Corp                                                                    | CUSIP: 20030NDM0<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44544.05     | 0.02%             | 2031-01-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                                     | Comcast Corp                                                                    | CUSIP: 20030NER8<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    140000 | PA      | $143557.28    | 0.08%             | 2032-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH EDISON CO                                                           | Commonwealth Edison Co                                                          | CUSIP: 202795HK9<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |    120000 | PA      | $130547.45    | 0.07%             | 2036-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH EDISON CO                                                           | Commonwealth Edison Co                                                          | CUSIP: 202795JV3<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |    210000 | PA      | $162006.18    | 0.09%             | 2052-03-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH EDISON CO                                                           | Commonwealth Edison Co                                                          | CUSIP: 202795JW1<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |    180000 | PA      | $167746.67    | 0.09%             | 2032-03-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT LIGHT & PWR                                                          | Connecticut Light and Power Co/The                                              | CUSIP: 207597EP6<br>LEI: 549300O45IUXEDS1VZ32 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96203.67     | 0.05%             | 2053-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONSUMERS 23 SECURE FUND                                                         | Consumers 2023 Securitization Funding LLC                                       | CUSIP: 21071BAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    297000 | PA      | $307057.61    | 0.17%             | 2030-09-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| CORNELL UNIVERSITY                                                               | Cornell University                                                              | CUSIP: 219207AF4<br>LEI: 549300ZZIJPNT0RZWP17 | Long             | DBT              | CORP              | US        |    350000 | PA      | $354876.75    | 0.20%             | 2035-06-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| CUBESMART LP                                                                     | CubeSmart LP                                                                    | CUSIP: 22966RAE6<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              |  | US        |    180000 | PA      | $180675.14    | 0.10%             | 2029-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CUBESMART LP                                                                     | CubeSmart LP                                                                    | CUSIP: 22966RAH9<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              |  | US        |    230000 | PA      | $217741.72    | 0.12%             | 2028-12-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                                                  | DTE Electric Co                                                                 | CUSIP: 23338VAM8<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    130000 | PA      | $120104.42    | 0.07%             | 2031-03-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                           | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AG5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142375.88    | 0.08%             | 2028-12-14      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                           | Daimler Truck Finance North America LLC                                         | CUSIP: 233853AT7<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154733.72    | 0.09%             | 2028-09-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP                                                          | Digital Realty Trust LP                                                         | CUSIP: 25389JAT3<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              |  | US        |    250000 | PA      | $251988.46    | 0.14%             | 2028-07-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY SOUTH                                                            | Dominion Energy South Carolina Inc                                              | CUSIP: 25731VAB0<br>LEI: 3QRVFYR22IUIEOORTK28 | Long             | DBT              | CORP              | US        |    130000 | PA      | $143453.41    | 0.08%             | 2053-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY SOUTH                                                            | Dominion Energy South Carolina Inc                                              | CUSIP: 25731VAC8<br>LEI: 3QRVFYR22IUIEOORTK28 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114824.23    | 0.06%             | 2035-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                                            | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CAB0<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    120000 | PA      | $130508.04    | 0.07%             | 2038-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                                            | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CAE4<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |    130000 | PA      | $142182.60    | 0.08%             | 2038-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS                                                            | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CBH6<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |     70000 | PA      | $51544.68     | 0.03%             | 2052-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                                         | Duke Energy Progress LLC                                                        | CUSIP: 26442UAL8<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |    230000 | PA      | $204203.72    | 0.11%             | 2031-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY PROGRESS LLC                                                         | Duke Energy Progress LLC                                                        | CUSIP: 26442UAN4<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56983.01     | 0.03%             | 2032-04-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| DUKE UNIVERSITY HEALTH                                                           | Duke University Health System Inc                                               | CUSIP: 26443CAA1<br>LEI: SYIJ9BNVFR17R33OPQ57 | Long             | DBT              | CORP              | US        |    210000 | PA      | $172138.24    | 0.10%             | 2047-06-01      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| EMD FINANCE LLC                                                                  | EMD Finance LLC                                                                 | CUSIP: 26867LAQ3<br>LEI: 529900C8KS5G529A0B76 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151283.59    | 0.08%             | 2032-10-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| EOG RESOURCES INC                                                                | EOG Resources Inc                                                               | CUSIP: 26875PAY7<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61606.29     | 0.03%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EASTMAN CHEMICAL CO                                                              | Eastman Chemical Co                                                             | CUSIP: 277432AX8<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | DBT              | CORP              | US        |    160000 | PA      | $168156.19    | 0.09%             | 2033-03-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                     | Enbridge Inc                                                                    | CUSIP: 29250NAZ8<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    120000 | PA      | $115059.28    | 0.06%             | 2029-11-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                     | Enbridge Inc                                                                    | CUSIP: 29250NBR5<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    220000 | PA      | $233011.03    | 0.13%             | 2033-03-08      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                               | Energy Transfer LP                                                              | CUSIP: 29273VAT7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    260000 | PA      | $282247.82    | 0.16%             | 2030-12-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                               | Energy Transfer LP                                                              | CUSIP: 29273VBD1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    130000 | PA      | $134498.63    | 0.07%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                               | Energy Transfer LP                                                              | CUSIP: 29278NAQ6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97557.53     | 0.05%             | 2030-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ENTERGY ARKANSAS LLC                                                             | Entergy Arkansas LLC                                                            | CUSIP: 29366MAD0<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |    180000 | PA      | $186953.28    | 0.10%             | 2033-01-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ENTERGY ARKANSAS LLC                                                             | Entergy Arkansas LLC                                                            | CUSIP: 29366MAF5<br>LEI: 549300A0I5ONUIFMLP35 | Long             | DBT              | CORP              | US        |    110000 | PA      | $115719.18    | 0.06%             | 2034-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                                                         | Enterprise Products Operating LLC                                               | CUSIP: 29379VCK7<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60877.81     | 0.03%             | 2031-01-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                                   | Enterprise Fleet Financing 2025-1 LLC                                           | CUSIP: 29390HAD1<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |    730000 | PA      | $749659.05    | 0.42%             | 2031-09-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                                                                      | Equifax Inc                                                                     | CUSIP: 294429AT2<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |    120000 | PA      | $106806.45    | 0.06%             | 2031-09-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                                                                      | Equifax Inc                                                                     | CUSIP: 294429AW5<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50996.82     | 0.03%             | 2028-06-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                                                                      | Equifax Inc                                                                     | CUSIP: 294429AX3<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50814.94     | 0.03%             | 2029-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL                                                            | Evergy Kansas Central Inc                                                       | CUSIP: 30036FAB7<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101112.69    | 0.06%             | 2053-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| EVERGY KANSAS CENTRAL                                                            | Evergy Kansas Central Inc                                                       | CUSIP: 30036FAD3<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |    410000 | PA      | $420674.87    | 0.23%             | 2035-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                           | Extra Space Storage LP                                                          | CUSIP: 30225VAH0<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |    200000 | PA      | $197696.58    | 0.11%             | 2029-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                           | Extra Space Storage LP                                                          | CUSIP: 30225VAK3<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |    130000 | PA      | $135908.04    | 0.08%             | 2030-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                           | Extra Space Storage LP                                                          | CUSIP: 30225VAV9<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |     40000 | PA      | $40482.88     | 0.02%             | 2033-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Extended Stay America Trust                                                      | Extended Stay America Trust 2025-ESH                                            | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    190000 | PA      | $190296.48    | 0.11%             | 2042-10-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                               | Meta Platforms Inc                                                              | CUSIP: 30303MAC6<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    125000 | PA      | $126868.59    | 0.07%             | 2032-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DV3J2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    470814 | PA      | $440587.94    | 0.24%             | 2049-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DV3M5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1366070 | PA      | $1231415.60   | 0.68%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DV3U7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    248238 | PA      | $232223.93    | 0.13%             | 2049-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DV4V4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    988293 | PA      | $889624.30    | 0.49%             | 2050-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DV4X0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    241305 | PA      | $225662.57    | 0.13%             | 2050-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DV6K6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    480436 | PA      | $428586.11    | 0.24%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DV6Q3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1223161 | PA      | $1003255.02   | 0.56%             | 2050-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DV6R1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1092751 | PA      | $900417.52    | 0.50%             | 2050-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DVME2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1785582 | PA      | $1772930.88   | 0.98%             | 2052-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DVMY8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2434155 | PA      | $2504429.18   | 1.39%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DWA60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1484591 | PA      | $1274385.13   | 0.71%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DWAG8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    804124 | PA      | $689475.15    | 0.38%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DWBQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    457330 | PA      | $391545.04    | 0.22%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3132DWCC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1418329 | PA      | $1209556.70   | 0.67%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL REALTY OP LP                                                             | Federal Realty OP LP                                                            | CUSIP: 313747AZ0<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              |  | US        |    180000 | PA      | $173738.10    | 0.10%             | 2029-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| FEDERAL REALTY OP LP                                                             | Federal Realty OP LP                                                            | CUSIP: 313747BC0<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              |  | US        |    140000 | PA      | $143768.48    | 0.08%             | 2028-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140NUJU4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    300000 | PA      | $305293.09    | 0.17%             | 2031-01-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140NUSZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    816374 | PA      | $829309.20    | 0.46%             | 2031-02-01      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140NW2V6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    994288 | PA      | $1036007.60   | 0.58%             | 2031-03-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140NXA45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $507085.53    | 0.28%             | 2029-12-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140NXC84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $506505.37    | 0.28%             | 2030-02-01      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140NXCJ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $507952.14    | 0.28%             | 2030-01-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140NXN74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    745594 | PA      | $781927.61    | 0.43%             | 2032-02-01      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140NXNZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    943948 | PA      | $981304.33    | 0.54%             | 2031-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140NXRA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    800000 | PA      | $827737.70    | 0.46%             | 2031-04-01      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140NXRL9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    430000 | PA      | $438361.62    | 0.24%             | 2030-02-01      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140NXTA1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    380000 | PA      | $388725.03    | 0.22%             | 2030-03-01      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140NXTT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    408421 | PA      | $421698.08    | 0.23%             | 2030-05-01      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140NYQ53<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    797655 | PA      | $832953.28    | 0.46%             | 2030-12-01      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140Q03Z3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    350000 | PA      | $359630.29    | 0.20%             | 2031-10-01      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140Q1JS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    895000 | PA      | $891870.98    | 0.50%             | 2030-11-01      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140QVWV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1854858 | PA      | $1904212.29   | 1.06%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140X7KS7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    367954 | PA      | $357125.60    | 0.20%             | 2049-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140XAY55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1232702 | PA      | $1193578.59   | 0.66%             | 2051-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140XBJE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    273975 | PA      | $264953.04    | 0.15%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140XBNR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1581211 | PA      | $1478566.57   | 0.82%             | 2051-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140XC3V8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    807780 | PA      | $755343.01    | 0.42%             | 2051-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140XGTV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    258809 | PA      | $249944.30    | 0.14%             | 2051-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 3140XL2S6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1896598 | PA      | $1773481.20   | 0.98%             | 2050-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418C4F8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    200842 | PA      | $194835.26    | 0.11%             | 2048-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418C5Z3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    137714 | PA      | $133260.00    | 0.07%             | 2049-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418CXM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1769335 | PA      | $1660270.86   | 0.92%             | 2048-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418CXN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    684068 | PA      | $664070.26    | 0.37%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418CYN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    239422 | PA      | $238588.84    | 0.13%             | 2048-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418CZ98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    180083 | PA      | $174093.48    | 0.10%             | 2048-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418CZH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    210276 | PA      | $203930.60    | 0.11%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418D2M3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1479267 | PA      | $1267646.18   | 0.70%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418D2N1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    224901 | PA      | $201164.97    | 0.11%             | 2051-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DB92<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    270687 | PA      | $253364.06    | 0.14%             | 2049-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DCY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    920878 | PA      | $861851.74    | 0.48%             | 2049-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DES7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    255382 | PA      | $230281.01    | 0.13%             | 2049-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DET5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    457768 | PA      | $428284.64    | 0.24%             | 2049-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DFF4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    145441 | PA      | $124671.36    | 0.07%             | 2049-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DHM7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    547790 | PA      | $510003.68    | 0.28%             | 2049-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DJQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    272689 | PA      | $234563.70    | 0.13%             | 2049-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DKV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    262611 | PA      | $253702.92    | 0.14%             | 2050-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DLT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    270994 | PA      | $243767.13    | 0.14%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DLV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    385783 | PA      | $359654.54    | 0.20%             | 2050-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DNG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    279115 | PA      | $239356.50    | 0.13%             | 2050-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DP97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1431541 | PA      | $1174248.46   | 0.65%             | 2050-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DPE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    195528 | PA      | $175701.67    | 0.10%             | 2050-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DQ70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1774531 | PA      | $1451943.18   | 0.81%             | 2050-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DQ96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     97782 | PA      | $87806.44     | 0.05%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DQA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    235883 | PA      | $211964.81    | 0.12%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DRS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    278576 | PA      | $239191.62    | 0.13%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DRT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    672539 | PA      | $603716.54    | 0.34%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DSH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    631145 | PA      | $517523.92    | 0.29%             | 2050-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DSK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1895267 | PA      | $1700142.36   | 0.94%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DUG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1210079 | PA      | $992338.82    | 0.55%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DUH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    250523 | PA      | $215052.32    | 0.12%             | 2050-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DVC3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1111720 | PA      | $954199.01    | 0.53%             | 2050-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DYZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    647973 | PA      | $579939.87    | 0.32%             | 2051-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418DZX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    683964 | PA      | $610931.18    | 0.34%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418ED80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    389061 | PA      | $372876.76    | 0.21%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418EHK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    274333 | PA      | $269809.04    | 0.15%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                       | Fannie Mae Pool                                                                 | CUSIP: 31418EJ68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    249351 | PA      | $245393.36    | 0.14%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                                                                       | FedEx Corp                                                                      | CUSIP: 31428XDK9<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185563.08    | 0.10%             | 2035-02-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                      | Freddie Mac Pool                                                                | CUSIP: 3142GTE36<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    997345 | PA      | $1006042.11   | 0.56%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                              | Fifth Third Bancorp                                                             | CUSIP: 316773DF4<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78397.04     | 0.04%             | 2033-04-25      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                              | Fifth Third Bancorp                                                             | CUSIP: 316773DG2<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    110000 | PA      | $111502.12    | 0.06%             | 2030-07-28      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                              | Fifth Third Bancorp                                                             | CUSIP: 316773DL1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    110000 | PA      | $115707.92    | 0.06%             | 2032-01-29      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| FIRSTENERGY TRANSMISSION                                                         | FirstEnergy Transmission LLC                                                    | CUSIP: 33767BAD1<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    120000 | PA      | $115897.29    | 0.06%             | 2028-09-15      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                       | Fiserv Inc                                                                      | CUSIP: 337738AR9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109588.71    | 0.06%             | 2028-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                       | Fiserv Inc                                                                      | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    170000 | PA      | $164481.86    | 0.09%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                       | Fiserv Inc                                                                      | CUSIP: 337738BM9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20119.64     | 0.01%             | 2030-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                       | Fiserv Inc                                                                      | CUSIP: 337738BP2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39701.72     | 0.02%             | 2031-02-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| FLORIDA GAS TRANSMISSION                                                         | Florida Gas Transmission Co LLC                                                 | CUSIP: 340711BA7<br>LEI: 549300Q0UQF87NXNOC32 | Long             | DBT              | CORP              | US        |    440000 | PA      | $391927.02    | 0.22%             | 2031-10-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp                                                     | FLORIDA ST HSG FIN CORP REVENUE                                                 | CUSIP: 34074MS85<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |    175000 | PA      | $179410.47    | 0.10%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                         | Florida Power & Light Co                                                        | CUSIP: 341081EV5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     30000 | PA      | $32262.15     | 0.02%             | 2037-02-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                         | Florida Power & Light Co                                                        | CUSIP: 341081GM3<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117674.74    | 0.07%             | 2053-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                                                         | Florida Power & Light Co                                                        | CUSIP: 341081GU5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |    110000 | PA      | $115724.37    | 0.06%             | 2034-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Foothill-De Anza Community College District                                      | FOOTHILL-DE ANZA CA CMNTY CLGDIST                                               | CUSIP: 345102LT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $195179.27    | 0.11%             | 2038-08-01      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                                         | Ford Credit Floorplan Master Owner Trust A                                      | CUSIP: 34528QJU9<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |    395000 | PA      | $396368.87    | 0.22%             | 2030-09-15      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit                                         | Ford Credit Auto Owner Trust/Ford Credit                                        | CUSIP: 34532MAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    945000 | PA      | $974797.55    | 0.54%             | 2037-08-15      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit                                         | Ford Credit Auto Owner Trust 2025-REV2                                          | CUSIP: 34536BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    370000 | PA      | $374213.30    | 0.21%             | 2038-02-15      | Variable      | 4.37%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDI                                                                 | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B69<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $182920.41    | 0.10%             | 2031-06-17      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                                                 | GWT 2024-WLF2                                                                   | CUSIP: 362414AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $300374.37    | 0.17%             | 2041-05-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                                                     | GS Mortgage Securities Trust 2019-GC42                                          | CUSIP: 36257UAK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $332743.36    | 0.18%             | 2052-09-10      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                                           | GE HealthCare Technologies Inc                                                  | CUSIP: 36266GAA5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    160000 | PA      | $163671.25    | 0.09%             | 2029-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                                           | GE HealthCare Technologies Inc                                                  | CUSIP: 36267VAH6<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    110000 | PA      | $116512.67    | 0.06%             | 2030-03-15      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                                           | GE HealthCare Technologies Inc                                                  | CUSIP: 36267VAK9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    110000 | PA      | $118838.60    | 0.07%             | 2032-11-22      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust                                         | GM Financial Revolving Receivables Trust 2024-1                                 | CUSIP: 36269KAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    810000 | PA      | $833780.71    | 0.46%             | 2036-12-11      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust                                         | GM Financial Revolving Receivables Trust 2025-1                                 | CUSIP: 36271NAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325000 | PA      | $332127.51    | 0.18%             | 2037-12-11      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| City of Garland TX                                                               | GARLAND TX                                                                      | CUSIP: 366120GS6<br>LEI: 549300O5KXJ5HAWVEN53 | Long             | DBT              | MUN               | US        |    450000 | PA      | $461557.76    | 0.26%             | 2032-02-15      | Fixed         | 4.54%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                           | General Motors Financial Co Inc                                                 | CUSIP: 37045XDL7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45268.29     | 0.03%             | 2031-06-10      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                           | General Motors Financial Co Inc                                                 | CUSIP: 37045XDP8<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57187.97     | 0.03%             | 2028-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                           | General Motors Financial Co Inc                                                 | CUSIP: 37045XDV5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79849.00     | 0.04%             | 2029-04-06      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                           | General Motors Financial Co Inc                                                 | CUSIP: 37045XDW3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252523.40    | 0.14%             | 2027-04-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| J PAUL GETTY TRUST                                                               | J Paul Getty Trust/The                                                          | CUSIP: 374288AC2<br>LEI: 72TDDU3K225INPK3EI14 | Long             | DBT              | CORP              | US        |    450000 | PA      | $462770.92    | 0.26%             | 2035-04-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Glendale Unified School District/CA                                              | GLENDALE CA UNIF SCH DIST                                                       | CUSIP: 378460C49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $179027.22    | 0.10%             | 2030-09-01      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust                                         | GM Financial Revolving Receivables Trust 2024-2                                 | CUSIP: 379925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    125000 | PA      | $127180.36    | 0.07%             | 2037-03-11      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                          | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GB29<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    310000 | PA      | $318461.62    | 0.18%             | 2030-07-23      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                          | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GXR0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    270000 | PA      | $240503.67    | 0.13%             | 2032-01-27      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                          | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYB4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91459.34     | 0.05%             | 2032-04-22      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                          | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    100000 | PA      | $89921.77     | 0.05%             | 2032-07-21      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                          | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZM9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    100000 | PA      | $92553.91     | 0.05%             | 2033-02-24      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| GULFSTREAM NATURAL GAS                                                           | Gulfstream Natural Gas System LLC                                               | CUSIP: 402740AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $175189.97    | 0.10%             | 2035-07-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                                                                | Healthpeak OP LLC                                                               | CUSIP: 40414LAR0<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |    200000 | PA      | $194737.81    | 0.11%             | 2029-07-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                | HSBC Holdings PLC                                                               | CUSIP: 404280CY3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $273218.01    | 0.15%             | 2032-11-22      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                | HSBC Holdings PLC                                                               | CUSIP: 404280DU0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $260559.44    | 0.14%             | 2029-03-09      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                                                | HSBC Holdings PLC                                                               | CUSIP: 404280ER6<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $205531.41    | 0.11%             | 2031-03-03      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| HP INC                                                                           | HP Inc                                                                          | CUSIP: 40434LAK1<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    270000 | PA      | $267365.04    | 0.15%             | 2029-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HALLIBURTON CO                                                                   | Halliburton Co                                                                  | CUSIP: 406216BL4<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |    300000 | PA      | $284661.47    | 0.16%             | 2030-03-01      | Fixed         | 2.92%                 | 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        |    130000 | PA      | $118370.71    | 0.07%             | 2030-06-01      | Fixed         | 2.20%                 | No            |                  2 | 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        |    160000 | PA      | $164748.83    | 0.09%             | 2029-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HEALTHPEAK OP LLC                                                                | Healthpeak OP LLC                                                               | CUSIP: 42250PAB9<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              |  | US        |    230000 | PA      | $213224.29    | 0.12%             | 2031-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                                                 | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    290000 | PA      | $292030.97    | 0.16%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                                                 | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CCA5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    155000 | PA      | $154617.63    | 0.09%             | 2030-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                                                            | Amrize Finance US LLC                                                           | CUSIP: 43475RAC0<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123111.99    | 0.07%             | 2030-04-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | HONOLULU CITY & CNTY HI                                                         | CUSIP: 438687EJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24833.24     | 0.01%             | 2030-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                                            | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150AS3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    130000 | PA      | $121078.81    | 0.07%             | 2030-02-04      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                                            | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150BA1<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |    170000 | PA      | $172159.01    | 0.10%             | 2033-05-17      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                     | Hudson Yards 2025-SPRL Mortgage Trust                                           | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    260000 | PA      | $270044.66    | 0.15%             | 2040-01-13      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                          | Hyundai Capital America                                                         | CUSIP: 44891ADM6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    220000 | PA      | $226876.36    | 0.13%             | 2030-01-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Indiana Housing & Community Development Authority                                | INDIANA ST HSG & CMNTY DEV AUTH SF MTGE REVENUE                                 | CUSIP: 45505T4B4<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |    350000 | PA      | $368830.39    | 0.20%             | 2054-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS PWR & LIGHT                                                         | Indianapolis Power & Light Co                                                   | CUSIP: 455434BV1<br>LEI: 2T85JNP2R2B2GTSFND21 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105217.00    | 0.06%             | 2032-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS PWR & LIGHT                                                         | Indianapolis Power & Light Co                                                   | CUSIP: 455434BW9<br>LEI: 2T85JNP2R2B2GTSFND21 | Long             | DBT              | CORP              | US        |    190000 | PA      | $190597.19    | 0.11%             | 2054-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS PWR & LIGHT                                                         | Indianapolis Power & Light Co                                                   | CUSIP: 455434BX7<br>LEI: 2T85JNP2R2B2GTSFND21 | Long             | DBT              | CORP              | US        |    240000 | PA      | $243568.48    | 0.14%             | 2035-08-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| INGREDION INC                                                                    | Ingredion Inc                                                                   | CUSIP: 457187AB8<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29781.50     | 0.02%             | 2026-10-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| INGREDION INC                                                                    | Ingredion Inc                                                                   | CUSIP: 457187AC6<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | DBT              | CORP              | US        |    170000 | PA      | $159905.51    | 0.09%             | 2030-06-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                       | Intel Corp                                                                      | CUSIP: 458140BR0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117932.41    | 0.07%             | 2030-03-25      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                                                                       | Intel Corp                                                                      | CUSIP: 458140CN8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82282.57     | 0.05%             | 2031-02-21      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT                                                         | Interstate Power and Light Co                                                   | CUSIP: 461070AV6<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100351.13    | 0.06%             | 2034-09-30      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| INTOWN Mortgage Trust                                                            | INTOWN 2025-STAY Mortgage Trust                                                 | CUSIP: 46117WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $299812.62    | 0.17%             | 2042-03-15      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH SF MTGE REVENUE                                                | CUSIP: 46247ECS2<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    300000 | PA      | $316242.84    | 0.18%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                              | JPMorgan Chase & Co                                                             | CUSIP: 46647PAV8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250785.66    | 0.14%             | 2029-07-23      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                              | JPMorgan Chase & Co                                                             | CUSIP: 46647PBU9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    180000 | PA      | $160270.99    | 0.09%             | 2031-11-19      | Fixed         | 1.76%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                              | JPMorgan Chase & Co                                                             | CUSIP: 46647PCC8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91834.22     | 0.05%             | 2032-04-22      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                              | JPMorgan Chase & Co                                                             | CUSIP: 46647PCJ3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    200000 | PA      | $190840.37    | 0.11%             | 2029-06-01      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                              | JPMorgan Chase & Co                                                             | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    130000 | PA      | $117693.14    | 0.07%             | 2032-11-08      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                              | JPMorgan Chase & Co                                                             | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138441.46    | 0.08%             | 2033-01-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                              | JPMorgan Chase & Co                                                             | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112941.40    | 0.06%             | 2030-01-23      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| JobsOhio Beverage System                                                         | JOBSOHIO BEVERAGE SYS STWD LIQUOR PROFITS REVENUE                               | CUSIP: 47770VBS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $135866.32    | 0.08%             | 2040-01-01      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| JOHNSON CONTROLS/TYCO FI                                                         | Johnson Controls International plc / Tyco Fire & Security Finance SCA           | CUSIP: 477921AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |     80000 | PA      | $83462.96     | 0.05%             | 2029-04-19      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                                                           | John Deere Owner Trust 2025                                                     | CUSIP: 47800DAE4<br>LEI: 549300MS3JZB0OWONQ39 | Long             | ABS-O            | CORP              | US        |    245000 | PA      | $247743.17    | 0.14%             | 2032-02-17      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| KAISER FOUNDATION HOSPIT                                                         | Kaiser Foundation Hospitals                                                     | CUSIP: 48305QAF0<br>LEI: DW4Z57L3G4IRMHYZYK62 | Long             | DBT              | CORP              | US        |    200000 | PA      | $150332.85    | 0.08%             | 2041-06-01      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| KENTUCKY UTILITIES CO                                                            | Kentucky Utilities Co                                                           | CUSIP: 491674BN6<br>LEI: AGX0G2MXE54NFNNICD28 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73663.38     | 0.04%             | 2033-04-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                                                          | KeyCorp                                                                         | CUSIP: 49326EEN9<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60105.22     | 0.03%             | 2033-06-01      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| KEYCORP                                                                          | KeyCorp                                                                         | CUSIP: 49326EEQ2<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102834.32    | 0.06%             | 2031-04-04      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| KEY BANK NA                                                                      | KeyBank NA/Cleveland OH                                                         | CUSIP: 49327V2B9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294993.81    | 0.16%             | 2029-04-13      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| KIMCO REALTY OP LLC                                                              | Kimco Realty OP LLC                                                             | CUSIP: 49446RAY5<br>LEI: 549300EA7I6T15IBYS12 | Long             | DBT              |  | US        |    115000 | PA      | $102189.13    | 0.06%             | 2031-12-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                                                | Kinder Morgan Inc                                                               | CUSIP: 494553AD2<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51247.08     | 0.03%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                                                | Kinder Morgan Inc                                                               | CUSIP: 49456BBB6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    220000 | PA      | $227961.73    | 0.13%             | 2030-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| L3HARRIS TECH INC                                                                | L3Harris Technologies Inc                                                       | CUSIP: 502431AQ2<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157609.94    | 0.09%             | 2033-07-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER                                                          | Laboratory Corp of America Holdings                                             | CUSIP: 50540RAZ5<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170446.01    | 0.09%             | 2030-04-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| LENNOX INTERNATIONAL INC                                                         | Lennox International Inc                                                        | CUSIP: 526107AF4<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |     82000 | PA      | $78855.82     | 0.04%             | 2027-08-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| LENNOX INTERNATIONAL INC                                                         | Lennox International Inc                                                        | CUSIP: 526107AG2<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72415.01     | 0.04%             | 2028-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Life Financial Services Trust                                                    | Life 2022-BMR Mortgage Trust                                                    | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240000 | PA      | $231344.30    | 0.13%             | 2039-05-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                        | LOS ANGELES CA CMNTY CLG DIST                                                   | CUSIP: 54438CYL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98323.03     | 0.05%             | 2026-08-01      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                        | LOS ANGELES CA CMNTY CLG DIST                                                   | CUSIP: 54438CYN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $92014.18     | 0.05%             | 2030-08-01      | Fixed         | 1.81%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH                         | CUSIP: 54627RAN0<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    525000 | PA      | $523663.56    | 0.29%             | 2036-02-01      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH                         | CUSIP: 54627RAP5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98456.75     | 0.05%             | 2039-08-01      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH                         | CUSIP: 54627RAS9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51988.19     | 0.03%             | 2034-12-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE GAS & ELEC                                                            | Louisville Gas and Electric Co                                                  | CUSIP: 546676AZ0<br>LEI: KO3GRIB3RPH1XDX50U72 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157967.52    | 0.09%             | 2033-04-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                                                   | Lowe's Cos Inc                                                                  | CUSIP: 548661EH6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    170000 | PA      | $163372.12    | 0.09%             | 2032-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                             | M&T Bank Corp                                                                   | CUSIP: 55261FAR5<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    170000 | PA      | $171539.67    | 0.10%             | 2034-01-27      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                             | M&T Bank Corp                                                                   | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |    120000 | PA      | $123110.41    | 0.07%             | 2031-07-08      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| M&T Bank Auto Receivables Trust                                                  | M&T Bank Auto Receivables Trust 2025-1                                          | CUSIP: 55287XAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1021403.00   | 0.57%             | 2032-07-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                          | MPLX LP                                                                         | CUSIP: 55336VBU3<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    340000 | PA      | $342724.93    | 0.19%             | 2032-09-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                          | MPLX LP                                                                         | CUSIP: 55336VBV1<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151435.06    | 0.08%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                                                          | MPLX LP                                                                         | CUSIP: 55336VCC2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |     50000 | PA      | $50598.20     | 0.03%             | 2035-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                         | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     76000 | PA      | $69445.00     | 0.04%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                                                         | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96999.25     | 0.05%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORP                                                          | Marathon Petroleum Corp                                                         | CUSIP: 56585ABK7<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    210000 | PA      | $216249.32    | 0.12%             | 2030-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                         | Mars Inc                                                                        | CUSIP: 571676AZ8<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103346.67    | 0.06%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARS INC                                                                         | Mars Inc                                                                        | CUSIP: 571676BA2<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155192.58    | 0.09%             | 2035-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                                         | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BP6<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    180000 | PA      | $161442.78    | 0.09%             | 2031-12-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MASCO CORP                                                                       | Masco Corp                                                                      | CUSIP: 574599BN5<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98918.78     | 0.05%             | 2027-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MASCO CORP                                                                       | Masco Corp                                                                      | CUSIP: 574599BP0<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    150000 | PA      | $134458.31    | 0.07%             | 2030-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MASS INSTITUTE OF TECH                                                           | Massachusetts Institute of Technology                                           | CUSIP: 575718AE1<br>LEI: DLZO3A31IADZ27B62557 | Long             | DBT              | CORP              | US        |    100000 | PA      | $94135.32     | 0.05%             | 2038-07-01      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| MASS INSTITUTE OF TECH                                                           | Massachusetts Institute of Technology                                           | CUSIP: 575718AK7<br>LEI: DLZO3A31IADZ27B62557 | Long             | DBT              | CORP              | US        |    215000 | PA      | $226261.59    | 0.13%             | 2055-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                                | CUSIP: 57582PUE8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    250000 | PA      | $259745.43    | 0.14%             | 2039-12-01      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                                | CUSIP: 57582RG34<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    125000 | PA      | $96643.28     | 0.05%             | 2041-07-01      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                                | CUSIP: 57582RYN0<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    434589 | PA      | $370082.67    | 0.21%             | 2039-09-01      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                          | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE                                | CUSIP: 576000KV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $289599.45    | 0.16%             | 2039-08-15      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST SPL OBLG REVENUE                                               | CUSIP: 576004HG3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     30662 | PA      | $30655.63     | 0.02%             | 2031-07-15      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                          | MASSACHUSETTS ST WTR RESOURCES AUTH                                             | CUSIP: 576051WJ1<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    250000 | PA      | $212434.33    | 0.12%             | 2039-08-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| MAYO CLINIC                                                                      | Mayo Clinic                                                                     | CUSIP: 578454AF7<br>LEI: 5493001OHMD58DCY4635 | Long             | DBT              | CORP              | US        |    100000 | PA      | $65897.05     | 0.04%             | 2061-11-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO                                                                   | McCormick & Co Inc/MD                                                           | CUSIP: 579780AQ0<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |    260000 | PA      | $242271.21    | 0.13%             | 2030-04-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                             | Mercedes-Benz Finance North America LLC                                         | CUSIP: 58769JAR8<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153115.79    | 0.09%             | 2029-01-11      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                             | Mercedes-Benz Finance North America LLC                                         | CUSIP: 58769JBG1<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154524.47    | 0.09%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                                         | Met Tower Global Funding                                                        | CUSIP: 58989V2H6<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155459.34    | 0.09%             | 2029-04-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                          | Metropolitan Life Global Funding I                                              | CUSIP: 59217GEG0<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    150000 | PA      | $142787.61    | 0.08%             | 2030-04-09      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                                    | CUSIP: 59447TXW8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    410000 | PA      | $377249.61    | 0.21%             | 2034-12-01      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                                         | Microchip Technology Inc                                                        | CUSIP: 595017BE3<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51038.70     | 0.03%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                                         | Microchip Technology Inc                                                        | CUSIP: 595017BL7<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    210000 | PA      | $214585.44    | 0.12%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MID-ATLANTIC INTERSTATE                                                          | Mid-Atlantic Interstate Transmission LLC                                        | CUSIP: 59524QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $60010.54     | 0.03%             | 2028-05-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                           | Mitsubishi UFJ Financial Group Inc                                              | CUSIP: 606822BX1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    300000 | PA      | $268762.13    | 0.15%             | 2032-07-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                                                           | Mitsubishi UFJ Financial Group Inc                                              | CUSIP: 606822DN1<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    250000 | PA      | $252089.08    | 0.14%             | 2031-09-12      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                   | Morgan Stanley                                                                  | CUSIP: 6174468G7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    110000 | PA      | $110823.91    | 0.06%             | 2030-01-23      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                   | Morgan Stanley                                                                  | CUSIP: 61744YAP3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9933.84      | 0.01%             | 2029-01-24      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                   | Morgan Stanley                                                                  | CUSIP: 61747YED3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    180000 | PA      | $160536.83    | 0.09%             | 2032-07-21      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                   | Morgan Stanley                                                                  | CUSIP: 61747YEU5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51183.52     | 0.03%             | 2033-07-20      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                   | Morgan Stanley                                                                  | CUSIP: 61747YFD2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112618.36    | 0.06%             | 2029-04-20      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                   | Morgan Stanley                                                                  | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82678.01     | 0.05%             | 2029-07-20      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                   | Morgan Stanley                                                                  | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    170000 | PA      | $174978.13    | 0.10%             | 2030-01-16      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                   | Morgan Stanley                                                                  | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104517.63    | 0.06%             | 2030-04-18      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                   | Morgan Stanley                                                                  | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103854.16    | 0.06%             | 2035-07-19      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                   | Morgan Stanley                                                                  | CUSIP: 61747YFZ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    120000 | PA      | $124200.01    | 0.07%             | 2031-04-17      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                   | Morgan Stanley                                                                  | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129290.29    | 0.07%             | 2031-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| MOSAIC CO                                                                        | Mosaic Co/The                                                                   | CUSIP: 61945CAK9<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100351.16    | 0.06%             | 2030-11-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                                                           | Motorola Solutions Inc                                                          | CUSIP: 620076BY4<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102531.65    | 0.06%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA GLOBAL                                                           | Mutual of Omaha Cos Global Funding                                              | CUSIP: 62829D2B5<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103564.80    | 0.06%             | 2028-12-12      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA GLOBAL                                                           | Mutual of Omaha Cos Global Funding                                              | CUSIP: 62829D2E9<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101734.28    | 0.06%             | 2029-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MUTUAL OF OMAHA GLOBAL                                                           | Mutual of Omaha Cos Global Funding                                              | CUSIP: 62829D2F6<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102385.92    | 0.06%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NLG GLOBAL FUNDING                                                               | NLG Global Funding                                                              | CUSIP: 62915W2A0<br>LEI: 635400SKBQOWEJZLTW68 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129346.69    | 0.07%             | 2030-01-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NLG GLOBAL FUNDING                                                               | NLG Global Funding                                                              | CUSIP: 62915W2B8<br>LEI: 635400SKBQOWEJZLTW68 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94170.82     | 0.05%             | 2030-09-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                                                           | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HAJ7<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | XX        |     70000 | PA      | $62672.75     | 0.03%             | 2032-02-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                                                           | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HBB3<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | XX        |     80000 | PA      | $81400.56     | 0.05%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                                                           | NXP BV / NXP Funding LLC / NXP USA Inc                                          | CUSIP: 62954HBG2<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | XX        |    100000 | PA      | $100889.50    | 0.06%             | 2032-08-19      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                                                 | NTT Finance Corp                                                                | CUSIP: 62954WAU9<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    360000 | PA      | $371232.32    | 0.21%             | 2032-07-16      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                                                     | NNN REIT Inc                                                                    | CUSIP: 637417AL0<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              |  | US        |    110000 | PA      | $110666.56    | 0.06%             | 2028-10-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                                                     | NNN REIT Inc                                                                    | CUSIP: 637417AU0<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              |  | US        |    140000 | PA      | $141274.54    | 0.08%             | 2031-02-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                            | NEBRASKA ST INVESTMENT FIN AUTH SF HSG REVENUE                                  | CUSIP: 63968XAD7<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    325000 | PA      | $340612.06    | 0.19%             | 2053-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Nevada Housing Division                                                          | NEVADA ST HSG DIV SF MTGE REVENUE                                               | CUSIP: 641279B78<br>LEI: 549300RE377OK3CTT852 | Long             | DBT              | MUN               | US        |    305000 | PA      | $319240.66    | 0.18%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                         | New York Life Global Funding                                                    | CUSIP: 64952WDS9<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |     30000 | PA      | $26254.29     | 0.01%             | 2030-08-07      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE                        | CUSIP: 64972FT30<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    375000 | PA      | $383946.94    | 0.21%             | 2042-06-15      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                                      | CUSIP: 64972JUN6<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    325000 | PA      | $342465.21    | 0.19%             | 2033-05-01      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| State of New York                                                                | NEW YORK ST                                                                     | CUSIP: 649791PS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39348.92     | 0.02%             | 2027-02-15      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                            | CUSIP: 649902T29<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     88422 | PA      | $90117.77     | 0.05%             | 2030-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                            | CUSIP: 64990FMT8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    470000 | PA      | $487794.20    | 0.27%             | 2039-03-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| NEWMONT / NEWCREST FIN                                                           | Newmont Corp / Newcrest Finance Pty Ltd                                         | CUSIP: 65163LAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $52450.89     | 0.03%             | 2034-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                                                            | Norfolk Southern Corp                                                           | CUSIP: 655844CB2<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    100000 | PA      | $88707.36     | 0.05%             | 2118-08-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NORFOLK SOUTHERN CORP                                                            | Norfolk Southern Corp                                                           | CUSIP: 655844CP1<br>LEI: 54930036C8MWP850MI84 | Long             | DBT              | CORP              | US        |    110000 | PA      | $94888.19     | 0.05%             | 2053-06-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                                                         | Northern States Power Co/MN                                                     | CUSIP: 665772CJ6<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    110000 | PA      | $87304.86     | 0.05%             | 2042-08-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| NORTHERN STATES PWR-MINN                                                         | Northern States Power Co/MN                                                     | CUSIP: 665772CV9<br>LEI: 3S1GHB0TEH85KX44SB51 | Long             | DBT              | CORP              | US        |    230000 | PA      | $199907.80    | 0.11%             | 2052-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN CORP                                                                | NorthWestern Corp                                                               | CUSIP: 66807TAA0<br>LEI: 3BPWMBHR1R9SHUN7J795 | Long             | DBT              | CORP              | US        |    190000 | PA      | $195494.86    | 0.11%             | 2030-03-21      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL LIFE                                                         | Northwestern Mutual Life Insurance Co/The                                       | CUSIP: 668138AE0<br>LEI: 1DU7IM20QESYGDO4HO54 | Long             | DBT              | CORP              | US        |    160000 | PA      | $114249.75    | 0.06%             | 2051-03-30      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| NOVARTIS CAPITAL CORP                                                            | Novartis Capital Corp                                                           | CUSIP: 66989HAY4<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    130000 | PA      | $130501.36    | 0.07%             | 2030-11-05      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                                                      | Nutrien Ltd                                                                     | CUSIP: 67077MAW8<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $94671.10     | 0.05%             | 2030-05-13      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                                                      | Nutrien Ltd                                                                     | CUSIP: 67077MBA5<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $101799.31    | 0.06%             | 2028-03-27      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                                                      | Nutrien Ltd                                                                     | CUSIP: 67077MBF4<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |    240000 | PA      | $247966.46    | 0.14%             | 2032-03-12      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP FAC REVENUE                                                        | CUSIP: 677561JR4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97125.55     | 0.05%             | 2030-01-01      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP FAC REVENUE                                                        | CUSIP: 677561LN0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    150000 | PA      | $125503.77    | 0.07%             | 2042-01-01      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION                                              | CUSIP: 67756A2T8<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103030.62    | 0.06%             | 2032-01-01      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH                                                        | CUSIP: 6789084A9<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    200000 | PA      | $199968.12    | 0.11%             | 2045-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH                                                        | CUSIP: 6789084D3<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    270000 | PA      | $256565.37    | 0.14%             | 2045-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH                                                        | CUSIP: 6789084F8<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |     97341 | PA      | $96891.12     | 0.05%             | 2033-12-01      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                                                          | Oncor Electric Delivery Co LLC                                                  | CUSIP: 68233JCH5<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    220000 | PA      | $187462.44    | 0.10%             | 2052-06-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                                                          | Oncor Electric Delivery Co LLC                                                  | CUSIP: 68233JCZ5<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    135000 | PA      | $140518.02    | 0.08%             | 2035-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                        | ONEOK Inc                                                                       | CUSIP: 682680BS1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    145000 | PA      | $137944.28    | 0.08%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                        | ONEOK Inc                                                                       | CUSIP: 682680CC5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20062.29     | 0.01%             | 2029-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                        | ONEOK Inc                                                                       | CUSIP: 682680DB6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60417.23     | 0.03%             | 2032-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ONNI Commercial Mortgage Trust                                                   | ONNI Commerical Mortgage Trust 2024-APT                                         | CUSIP: 682939AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $356440.67    | 0.20%             | 2039-07-15      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                      | Oracle Corp                                                                     | CUSIP: 68389XBH7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    100000 | PA      | $86110.35     | 0.05%             | 2036-07-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                      | Oracle Corp                                                                     | CUSIP: 68389XBP9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    160000 | PA      | $133074.71    | 0.07%             | 2037-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                      | Oracle Corp                                                                     | CUSIP: 68389XBV6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46508.41     | 0.03%             | 2030-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                      | Oracle Corp                                                                     | CUSIP: 68389XCE3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    200000 | PA      | $181346.22    | 0.10%             | 2031-03-25      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                      | Oracle Corp                                                                     | CUSIP: 68389XCH6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     20000 | PA      | $21001.39     | 0.01%             | 2029-11-09      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                      | Oracle Corp                                                                     | CUSIP: 68389XCS2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    120000 | PA      | $118410.72    | 0.07%             | 2029-09-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                      | Oracle Corp                                                                     | CUSIP: 68389XDP7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    235000 | PA      | $221585.32    | 0.12%             | 2045-09-26      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | OREGON ST                                                                       | CUSIP: 68607LXQ5<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     49671 | PA      | $50592.31     | 0.03%             | 2027-06-01      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | OREGON ST                                                                       | CUSIP: 68608KNF1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    190000 | PA      | $206294.48    | 0.11%             | 2038-08-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | OREGON ST                                                                       | CUSIP: 68609UNP6<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    225000 | PA      | $241214.60    | 0.13%             | 2036-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| OSHKOSH CORP                                                                     | Oshkosh Corp                                                                    | CUSIP: 688225AH4<br>LEI: 549300FEKNPCFSA2B506 | Long             | DBT              | CORP              | US        |     75000 | PA      | $71727.71     | 0.04%             | 2030-03-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                           | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BJ3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    210000 | PA      | $227602.54    | 0.13%             | 2033-10-28      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                           | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BM6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51407.48     | 0.03%             | 2034-01-24      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                           | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BX2<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114716.18    | 0.06%             | 2030-05-14      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                           | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72584.60     | 0.04%             | 2031-01-29      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| PPG INDUSTRIES INC                                                               | PPG Industries Inc                                                              | CUSIP: 693506BY2<br>LEI: 549300BKPEP01R3V6C59 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155258.18    | 0.09%             | 2031-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                               | Pacific Life Global Funding II                                                  | CUSIP: 6944PL2J7<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |    210000 | PA      | $187453.28    | 0.10%             | 2032-01-11      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                               | Pacific Life Global Funding II                                                  | CUSIP: 6944PL2Z1<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102377.25    | 0.06%             | 2029-01-11      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PACKAGING CORP OF AMERIC                                                         | Packaging Corp of America                                                       | CUSIP: 695156AX7<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | DBT              | CORP              | US        |    170000 | PA      | $180985.10    | 0.10%             | 2033-12-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| REVVITY INC                                                                      | Revvity Inc                                                                     | CUSIP: 714046AM1<br>LEI: 549300IKL1SDPFI7N655 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47031.04     | 0.03%             | 2028-09-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                                                       | Pfizer Inc                                                                      | CUSIP: 717081FD0<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |     70000 | PA      | $70335.06     | 0.04%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66 CO                                                                   | Phillips 66 Co                                                                  | CUSIP: 718547AU6<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    270000 | PA      | $281829.05    | 0.16%             | 2031-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                                                         | Plains All American Pipeline LP / PAA Finance Corp                              | CUSIP: 72650RBP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $165907.28    | 0.09%             | 2034-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                         | Principal Life Global Funding II                                                | CUSIP: 74256LEY1<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102615.61    | 0.06%             | 2029-01-25      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                      | Prologis LP                                                                     | CUSIP: 74340XBZ3<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |    110000 | PA      | $98922.28     | 0.05%             | 2030-07-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                      | Prologis LP                                                                     | CUSIP: 74340XCA7<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |     30000 | PA      | $26530.94     | 0.01%             | 2031-02-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PROLOGIS LP                                                                      | Prologis LP                                                                     | CUSIP: 74340XCQ2<br>LEI: GL16H1DHB0QSHP25F723 | Long             | DBT              |  | US        |     30000 | PA      | $30736.42     | 0.02%             | 2031-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE GLOBAL                                                           | Protective Life Global Funding                                                  | CUSIP: 74368CBY9<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155178.03    | 0.09%             | 2029-06-12      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| PROV ST JOSEPH HLTH OBL                                                          | Providence St Joseph Health Obligated Group                                     | CUSIP: 743756AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $118550.61    | 0.07%             | 2026-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PUB SVC NEW HAMP                                                                 | Public Service Co of New Hampshire                                              | CUSIP: 744538AF6<br>LEI: 549300SHPFALUPKK2351 | Long             | DBT              | CORP              | US        |    110000 | PA      | $115457.05    | 0.06%             | 2033-10-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                                                          | Public Service Electric and Gas Co                                              | CUSIP: 74456QAZ9<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    180000 | PA      | $153927.31    | 0.09%             | 2042-05-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                                                          | Public Service Electric and Gas Co                                              | CUSIP: 74456QCJ3<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    130000 | PA      | $121112.26    | 0.07%             | 2032-03-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                                                          | Public Service Electric and Gas Co                                              | CUSIP: 74456QCQ7<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10402.27     | 0.01%             | 2034-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PUGET SOUND ENERGY INC                                                           | Puget Sound Energy Inc                                                          | CUSIP: 745332CL8<br>LEI: 8MNFJR7KOMBQ7X62LK44 | Long             | DBT              | CORP              | US        |    150000 | PA      | $146443.97    | 0.08%             | 2053-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PUGET SOUND ENERGY INC                                                           | Puget Sound Energy Inc                                                          | CUSIP: 745332CM6<br>LEI: 8MNFJR7KOMBQ7X62LK44 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114174.18    | 0.06%             | 2034-06-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| RELX CAPITAL INC                                                                 | RELX Capital Inc                                                                | CUSIP: 74949LAG7<br>LEI: 2R15C3RTKJN1RCBOV146 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103958.49    | 0.06%             | 2035-03-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                                                                       | ROCK Trust 2024-CNTR                                                            | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $154707.14    | 0.09%             | 2041-11-13      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                                                         | Cooperatieve Rabobank UA                                                        | CUSIP: 74977RDU5<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    350000 | PA      | $371135.18    | 0.21%             | 2033-01-21      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| RTX CORP                                                                         | RTX Corp                                                                        | CUSIP: 75513ECN9<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44690.30     | 0.02%             | 2032-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| REGENCY CENTERS LP                                                               | Regency Centers LP                                                              | CUSIP: 75884RBD4<br>LEI: 5493008PTR2GAOYBXW28 | Long             | DBT              |  | US        |    100000 | PA      | $102865.94    | 0.06%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALT                                                         | Rexford Industrial Realty LP                                                    | CUSIP: 76169XAC8<br>LEI: 549300028US163ELJN70 | Long             | DBT              |  | US        |    280000 | PA      | $284762.31    | 0.16%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RIO TINTO FIN USA PLC                                                            | RIO TINTO FIN USA PLC                                                           | CUSIP: 76720AAT3<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    110000 | PA      | $113723.68    | 0.06%             | 2032-03-14      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                                                               | Roche Holdings Inc                                                              | CUSIP: 771196CS9<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200118.44    | 0.11%             | 2030-12-02      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| ROCHESTER GAS & ELECTRIC                                                         | Rochester Gas and Electric Corp                                                 | CUSIP: 771367CE7<br>LEI: 549300DD8M80WFTQO509 | Long             | DBT              | CORP              | US        |    170000 | PA      | $149057.98    | 0.08%             | 2030-12-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                         | Rogers Communications Inc                                                       | CUSIP: 775109CH2<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    170000 | PA      | $160811.09    | 0.09%             | 2032-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                         | Rogers Communications Inc                                                       | CUSIP: 775109DE8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $112182.80    | 0.06%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                           | Roper Technologies Inc                                                          | CUSIP: 776696AG1<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101066.01    | 0.06%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                           | Roper Technologies Inc                                                          | CUSIP: 776696AL0<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80446.63     | 0.04%             | 2030-09-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                           | Roper Technologies Inc                                                          | CUSIP: 776743AG1<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    170000 | PA      | $162628.24    | 0.09%             | 2029-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                             | Royal Bank of Canada                                                            | CUSIP: 78016HZZ6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $256582.29    | 0.14%             | 2030-08-02      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                             | Royal Bank of Canada                                                            | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     50000 | PA      | $51669.94     | 0.03%             | 2031-02-04      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                             | Royal Bank of Canada                                                            | CUSIP: 78017DAM0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    120000 | PA      | $121951.95    | 0.07%             | 2031-08-06      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SHR Trust                                                                        | SHR Trust 2024-LXRY                                                             | CUSIP: 784234AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    385000 | PA      | $385240.63    | 0.21%             | 2041-10-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| SMRT                                                                             | SMRT 2022-MINI                                                                  | CUSIP: 78457JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    170000 | PA      | $169735.57    | 0.09%             | 2039-01-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                                                   | SWCH Commercial Mortgage Trust 2025-DATA                                        | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    255000 | PA      | $252692.05    | 0.14%             | 2042-02-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                                                         | Sabine Pass Liquefaction LLC                                                    | CUSIP: 785592AX4<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    170000 | PA      | $171007.61    | 0.09%             | 2030-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                                               | CUSIP: 79625GNB5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    220000 | PA      | $223688.65    | 0.12%             | 2045-02-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                             | SAN DIEGO CA CMNTY CLG DIST                                                     | CUSIP: 797272RV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $207681.41    | 0.12%             | 2033-08-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| San Jose Redevelopment Agency Successor Agency                                   | SAN JOSE CA REDEV AGY SUCCESSOR AGY TAX ALLOCATION                              | CUSIP: 798170AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $352600.16    | 0.20%             | 2034-08-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                                                                  | Sealed Air Corp                                                                 | CUSIP: 81211KAZ3<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    350000 | PA      | $341372.91    | 0.19%             | 2026-10-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| SHELL FINANCE US INC                                                             | Shell Finance US Inc                                                            | CUSIP: 822905AN5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $140730.44    | 0.08%             | 2030-11-06      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                                              | Sherwin-Williams Co/The                                                         | CUSIP: 824348BJ4<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    210000 | PA      | $201383.82    | 0.11%             | 2029-08-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                                              | Sherwin-Williams Co/The                                                         | CUSIP: 824348BV7<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90898.30     | 0.05%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | United States Small Business Administration                                     | CUSIP: 83162CQ22<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |     59772 | PA      | $57593.81     | 0.03%             | 2047-07-01      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | United States Small Business Administration                                     | CUSIP: 83162CS61<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   1152310 | PA      | $1173081.48   | 0.65%             | 2048-03-01      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | United States Small Business Administration                                     | CUSIP: 83162CT45<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    879211 | PA      | $878818.19    | 0.49%             | 2048-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | United States Small Business Administration                                     | CUSIP: 83162CT94<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   1113440 | PA      | $1149329.36   | 0.64%             | 2048-07-01      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | United States Small Business Administration                                     | CUSIP: 83162CU35<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   1220985 | PA      | $1257491.60   | 0.70%             | 2048-08-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | United States Small Business Administration                                     | CUSIP: 83162CU68<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   1509035 | PA      | $1565945.92   | 0.87%             | 2048-09-01      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | United States Small Business Administration                                     | CUSIP: 83162CV83<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |     91331 | PA      | $93418.92     | 0.05%             | 2049-01-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | United States Small Business Administration                                     | CUSIP: 83162CW25<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    825102 | PA      | $845370.59    | 0.47%             | 2049-02-01      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | United States Small Business Administration                                     | CUSIP: 83162CX40<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   1055633 | PA      | $1080248.94   | 0.60%             | 2049-06-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | Small Business Administration Participation Certificates                        | CUSIP: 83162CX73<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    770069 | PA      | $782411.78    | 0.43%             | 2049-07-01      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | Small Business Administration Participation Certificates                        | CUSIP: 83162CX99<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   1068067 | PA      | $1076563.17   | 0.60%             | 2049-08-01      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | United States Small Business Administration                                     | CUSIP: 83162CY49<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    148237 | PA      | $146967.94    | 0.08%             | 2049-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | United States Small Business Administration                                     | CUSIP: 83162CZ30<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    775721 | PA      | $786122.22    | 0.44%             | 2049-12-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | United States Small Business Administration                                     | CUSIP: 83162CZ55<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    983597 | PA      | $1016313.58   | 0.56%             | 2045-01-01      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Small Business Administration Participation Certs                                | United States Small Business Administration                                     | CUSIP: 83162CZ71<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |    196742 | PA      | $201325.46    | 0.11%             | 2045-02-01      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Small Business Administration                                                    | SBA Small Business Investment Cos                                               | CUSIP: 831641FZ3<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   1150000 | PA      | $1172547.13   | 0.65%             | 2035-03-10      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Small Business Administration                                                    | SBA Small Business Investment Cos                                               | CUSIP: 831641GA7<br>LEI: N/A                  | Long             | ABS-O            | USGA              | US        |   1260000 | PA      | $1264769.23   | 0.70%             | 2035-09-10      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                                       | SOUTH DAKOTA ST HSG DEV AUTH                                                    | CUSIP: 83756C4R3<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |     85000 | PA      | $89264.86     | 0.05%             | 2054-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| South Dakota Housing Development Authority                                       | SOUTH DAKOTA ST HSG DEV AUTH                                                    | CUSIP: 83756C7X7<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    225000 | PA      | $234387.50    | 0.13%             | 2054-05-01      | Fixed         | 6.01%                 | No            |                  2 | On Loan: No      |
| SOUTH32 TREASURY LTD                                                             | South32 Treasury Ltd                                                            | CUSIP: 84055BAA1<br>LEI: 213800HFGZMXST64GP53 | Long             | DBT              | CORP              | AU        |    370000 | PA      | $359561.23    | 0.20%             | 2032-04-14      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO GAS CAPITAL                                                          | Southern Co Gas Capital Corp                                                    | CUSIP: 8426EPAH1<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201542.58    | 0.11%             | 2034-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| SPIRE MISSOURI INC                                                               | Spire Missouri Inc                                                              | CUSIP: 84859DAD9<br>LEI: 06LJQCOVPRXOPDHFC707 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114015.55    | 0.06%             | 2034-08-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SREIT Trust                                                                      | SREIT Trust 2021-MFP2                                                           | CUSIP: 85236WCE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $349674.40    | 0.19%             | 2036-11-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| STANFORD HEALTH CARE                                                             | Stanford Health Care                                                            | CUSIP: 85434VAB4<br>LEI: 5493005311WCPXQGDG42 | Long             | DBT              | CORP              | US        |    250000 | PA      | $241661.42    | 0.13%             | 2030-08-15      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| STANFORD UNIVERSITY                                                              | Leland Stanford Junior University/The                                           | CUSIP: 85440KAE4<br>LEI: JIUV0DC2REIJXQ26CR37 | Long             | DBT              | CORP              | US        |    420000 | PA      | $424663.56    | 0.24%             | 2035-03-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                                | State Street Corp                                                               | CUSIP: 857477BT9<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45302.39     | 0.03%             | 2033-02-07      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| STATE STREET CORP                                                                | State Street Corp                                                               | CUSIP: 857477BU6<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |    220000 | PA      | $220151.76    | 0.12%             | 2033-05-13      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI FINL GRP                                                         | Sumitomo Mitsui Financial Group Inc                                             | CUSIP: 86562MBP4<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |    250000 | PA      | $240620.38    | 0.13%             | 2029-07-16      | Fixed         | 3.04%                 | No            |                  2 | On Loan: No      |
| SUTTER HEALTH                                                                    | Sutter Health                                                                   | CUSIP: 86944BAK9<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |    175000 | PA      | $181022.36    | 0.10%             | 2033-08-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Taubman Centers Commercial Mortgage Trust                                        | TCO Commercial Mortgage Trust 2024-DPM                                          | CUSIP: 87231EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $124999.96    | 0.07%             | 2039-12-15      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                 | T-Mobile USA Inc                                                                | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197007.47    | 0.11%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                 | T-Mobile USA Inc                                                                | CUSIP: 87264ABV6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97469.81     | 0.05%             | 2029-04-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                 | T-Mobile USA Inc                                                                | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    130000 | PA      | $119101.94    | 0.07%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                 | T-Mobile USA Inc                                                                | CUSIP: 87264ACS2<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    120000 | PA      | $113671.95    | 0.06%             | 2029-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOF                                                         | Take-Two Interactive Software Inc                                               | CUSIP: 874054AM1<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155453.82    | 0.09%             | 2029-06-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Texas Natural Gas Securitization Finance Corp                                    | TEXAS NATURAL GAS SECURITIZTN FIN CORP REVENUE                                  | CUSIP: 88258MAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    171648 | PA      | $176920.44    | 0.10%             | 2035-04-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Texas Natural Gas Securitization Finance Corp                                    | TEXAS NATURAL GAS SECURITIZTN FIN CORP REVENUE                                  | CUSIP: 88258MAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $128879.05    | 0.07%             | 2041-04-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | TEXAS ST                                                                        | CUSIP: 882722VN8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |     35000 | PA      | $33966.17     | 0.02%             | 2040-04-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | TEXAS ST                                                                        | CUSIP: 882724QK6<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    225000 | PA      | $212411.41    | 0.12%             | 2031-04-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission                                                  | TEXAS ST TRANSPRTN COMMISSION                                                   | CUSIP: 882830BC5<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    350000 | PA      | $288730.75    | 0.16%             | 2034-10-01      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission                                                  | TEXAS ST TRANSPRTN COMMISSION                                                   | CUSIP: 882830BH4<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |     75000 | PA      | $52479.33     | 0.03%             | 2044-10-01      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                                                           | Williams Cos Inc/The                                                            | CUSIP: 88339WAB2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10212.53     | 0.01%             | 2029-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                            | Toronto-Dominion Bank/The                                                       | CUSIP: 89115A3G5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    110000 | PA      | $115496.98    | 0.06%             | 2032-01-30      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note Trust                                             | Toyota Auto Loan Extended Note Trust 2025-1                                     | CUSIP: 891950AA5<br>LEI: 254900QVX5SBHB37FT67 | Long             | ABS-O            | CORP              | US        |    435000 | PA      | $445029.49    | 0.25%             | 2038-05-25      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note Trust                                             | Toyota Auto Loan Extended Note Trust 2023-1                                     | CUSIP: 89231WAA1<br>LEI: 5493000KI9FC40RVHF71 | Long             | ABS-O            | CORP              | US        |    120000 | PA      | $122790.26    | 0.07%             | 2036-06-25      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                         | Toyota Motor Credit Corp                                                        | CUSIP: 89236TLZ6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    140000 | PA      | $145837.02    | 0.08%             | 2031-03-21      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| TRANSCONT GAS PIPE LINE                                                          | Transcontinental Gas Pipe Line Co LLC                                           | CUSIP: 893574AP8<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95704.33     | 0.05%             | 2030-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| TRUIST BANK                                                                      | Truist Bank                                                                     | CUSIP: 89788KAA4<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |    250000 | PA      | $229624.00    | 0.13%             | 2030-03-11      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| TUCSON ELECTRIC POWER CO                                                         | Tucson Electric Power Co                                                        | CUSIP: 898813AU4<br>LEI: YLF139GXSRKPBBTNZL03 | Long             | DBT              | CORP              | US        |     70000 | PA      | $65180.81     | 0.04%             | 2032-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                     | UBS Group AG                                                                    | CUSIP: 902613AE8<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    300000 | PA      | $266971.66    | 0.15%             | 2032-02-11      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                     | UBS Group AG                                                                    | CUSIP: 902613AK4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    200000 | PA      | $179818.77    | 0.10%             | 2033-02-11      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| UDR INC                                                                          | UDR Inc                                                                         | CUSIP: 90265EAQ3<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |     40000 | PA      | $38431.23     | 0.02%             | 2030-01-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| UDR INC                                                                          | UDR Inc                                                                         | CUSIP: 90265EAR1<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    200000 | PA      | $185619.51    | 0.10%             | 2031-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UDR INC                                                                          | UDR Inc                                                                         | CUSIP: 90265EAT7<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | DBT              |  | US        |    200000 | PA      | $171756.24    | 0.10%             | 2032-08-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                                                | Union Electric Co                                                               | CUSIP: 906548CW0<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |    170000 | PA      | $166708.66    | 0.09%             | 2053-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                                                | Union Electric Co                                                               | CUSIP: 906548CY6<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |    290000 | PA      | $300558.82    | 0.17%             | 2034-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| UNION ELECTRIC CO                                                                | Union Electric Co                                                               | CUSIP: 906548DA7<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103869.20    | 0.06%             | 2035-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                       | US Bancorp                                                                      | CUSIP: 91159HJJ0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $214704.32    | 0.12%             | 2033-10-21      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                       | US Bancorp                                                                      | CUSIP: 91159HJQ4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51869.35     | 0.03%             | 2030-01-23      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                                       | US Bancorp                                                                      | CUSIP: 91159HJS0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    110000 | PA      | $113470.77    | 0.06%             | 2030-07-23      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                           | U.S. Treasury Bonds                                                             | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7020000 | PA      | $6960768.75   | 3.87%             | 2055-02-15      | Fixed         | 4.63%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                           | U.S. Treasury Bonds                                                             | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1955000 | PA      | $1978521.09   | 1.10%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                           | U.S. Treasury Bonds                                                             | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7045000 | PA      | $7385141.41   | 4.10%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                           | U.S. Treasury Bonds                                                             | CUSIP: 912810UN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4080000 | PA      | $4207500.00   | 2.34%             | 2045-08-15      | Fixed         | 4.88%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                           | U.S. Treasury Notes                                                             | CUSIP: 91282CPB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1250000 | PA      | $1249658.20   | 0.69%             | 2027-09-30      | Fixed         | 3.50%                 | No            |                  1 | On Loan: No      |
| United States Treasury                                                           | U.S. Treasury Notes                                                             | CUSIP: 91282CPE5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6280000 | PA      | $6278528.09   | 3.49%             | 2027-10-31      | Fixed         | 3.50%                 | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                           | UnitedHealth Group Inc                                                          | CUSIP: 91324PFJ6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103415.98    | 0.06%             | 2034-07-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| University of Nebraska Facilities Corp/The                                       | UNIV OF NEBRASKA NE FACS CORP                                                   | CUSIP: 914639KX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $215956.15    | 0.12%             | 2039-10-01      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Chapel Hill                                      | UNIV OF NORTH CAROLINA NC AT CHAPEL HILL  REVENUE                               | CUSIP: 914713K68<br>LEI: 5493004DU2QADMVXVR58 | Long             | DBT              | MUN               | US        |    260000 | PA      | $254841.50    | 0.14%             | 2034-12-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| UNIV SOUTHERN CALIFORNIA                                                         | University of Southern California                                               | CUSIP: 914886AB2<br>LEI: 0GMCSQ6M60R4T46U5511 | Long             | DBT              | CORP              | US        |    400000 | PA      | $334882.65    | 0.19%             | 2039-10-01      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                                                                 | Ventas Realty LP                                                                | CUSIP: 92277GAG2<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              |  | US        |    110000 | PA      | $109930.48    | 0.06%             | 2026-01-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                                                                 | Ventas Realty LP                                                                | CUSIP: 92277GAM9<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              |  | US        |    110000 | PA      | $109728.11    | 0.06%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VENTAS REALTY LP                                                                 | Ventas Realty LP                                                                | CUSIP: 92277GAW7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              |  | US        |     30000 | PA      | $27033.54     | 0.02%             | 2031-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                           | Verizon Communications Inc                                                      | CUSIP: 92343VCQ5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    150000 | PA      | $145691.68    | 0.08%             | 2034-11-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                           | Verizon Communications Inc                                                      | CUSIP: 92343VDR2<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48081.39     | 0.03%             | 2039-03-15      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                           | Verizon Communications Inc                                                      | CUSIP: 92343VFR0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    220000 | PA      | $194069.46    | 0.11%             | 2031-01-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                           | Verizon Communications Inc                                                      | CUSIP: 92343VGN8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    330000 | PA      | $291666.23    | 0.16%             | 2032-03-15      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY                     | CUSIP: 92778VKG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $132971.64    | 0.07%             | 2032-02-01      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| VIRGINIA POWER FUEL SEC                                                          | Virginia Power Fuel Securitization LLC                                          | CUSIP: 92808VAB8<br>LEI: 254900BELJ95ONW6U791 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102670.57    | 0.06%             | 2031-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                     | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE                               | CUSIP: 92818GJL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $318329.98    | 0.18%             | 2039-11-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| VOYA GLOBAL FUNDING                                                              | Voya Global Funding                                                             | CUSIP: 92921LAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40329.70     | 0.02%             | 2030-11-24      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| WRKCO INC                                                                        | WRKCo Inc                                                                       | CUSIP: 92940PAE4<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49692.69     | 0.03%             | 2028-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Waco Educational Finance Corp                                                    | WACO TX EDUCTNL FIN CORP REVENUE                                                | CUSIP: 929833DQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257760.98    | 0.14%             | 2030-03-01      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| WHARF Commercial Mortgage Trust                                                  | WHARF Commercial Mortgage Trust 2025-DC                                         | CUSIP: 92987LAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    225000 | PA      | $232836.30    | 0.13%             | 2040-07-15      | Variable      | 5.53%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                            | Wells Fargo & Co                                                                | CUSIP: 95000U2A0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9926.85      | 0.01%             | 2028-05-22      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                            | Wells Fargo & Co                                                                | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     90000 | PA      | $84562.52     | 0.05%             | 2033-03-02      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                            | Wells Fargo & Co                                                                | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    180000 | PA      | $188695.49    | 0.10%             | 2034-04-24      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                            | Wells Fargo & Co                                                                | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    200000 | PA      | $207281.57    | 0.12%             | 2029-07-25      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                            | Wells Fargo & Co                                                                | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    110000 | PA      | $116510.69    | 0.06%             | 2034-07-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                            | Wells Fargo & Co                                                                | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    115000 | PA      | $119495.60    | 0.07%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                            | Wells Fargo Commercial Mortgage Trust 2019-C51                                  | CUSIP: 95001VAT7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    754339 | PA      | $726666.51    | 0.40%             | 2052-06-15      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                                 | Welltower OP LLC                                                                | CUSIP: 95040QAM6<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |     30000 | PA      | $27864.14     | 0.02%             | 2031-06-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                                                 | Welltower OP LLC                                                                | CUSIP: 95040QAP9<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              |  | US        |    150000 | PA      | $136924.45    | 0.08%             | 2032-01-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Second & Second                                                                  | Second & Second                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    245000 | PA      | $241214.75    | 0.13%             | 2033-01-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| WEYERHAEUSER CO                                                                  | Weyerhaeuser Co                                                                 | CUSIP: 962166BY9<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              |  | US        |    180000 | PA      | $177870.18    | 0.10%             | 2030-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEYERHAEUSER CO                                                                  | Weyerhaeuser Co                                                                 | CUSIP: 962166CA0<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              |  | US        |    210000 | PA      | $192724.67    | 0.11%             | 2033-03-09      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                                                           | Williams Cos Inc/The                                                            | CUSIP: 969457BZ2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     85000 | PA      | $85525.50     | 0.05%             | 2032-08-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Williamsburg Economic Development Authority                                      | WILLIAMSBURG VA ECON DEV AUTH REVENUE                                           | CUSIP: 969672AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $116222.21    | 0.06%             | 2035-11-01      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| WISCONSIN POWER & LIGHT                                                          | Wisconsin Power and Light Co                                                    | CUSIP: 976826BQ9<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |    120000 | PA      | $115879.85    | 0.06%             | 2032-09-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| WISCONSIN POWER & LIGHT                                                          | Wisconsin Power and Light Co                                                    | CUSIP: 976826BS5<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |     70000 | PA      | $72751.02     | 0.04%             | 2034-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ALLSPRING GOVERNMENT MONEY MAR                                                   | ALLSPRING GOVERNMENT MONEY MAR                                                  | CUSIP: 000000000<br>LEI: 549300GFSYYLVYEWA041 | Long             | STIV             | RF                | US        |   1252724 | NS      | $1252723.81   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| World Omni Auto Receivables Trust                                                | World Omni Auto Receivables Trust 2025-D                                        | CUSIP: 98165HAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    515000 | PA      | $517033.27    | 0.29%             | 2032-02-17      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| Royal St. Moritz                                                                 | Royal St. Moritz                                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    325000 | PA      | $320329.75    | 0.18%             | 2033-01-01      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-26

**Name of Applicant:** ALLSPRING EXCHANGE-TRADED FUNDS TRUST

**Signature:** Jeremy DePalma

**Name of Signer:** Jeremy DePalma

**Title:** Treasurer