# EDGAR Filing Document

**Accession Number:** 0001011008
**File Stem:** 0001410368-25-031868
**Filing Date:** 2025-11
**Character Count:** 123282
**Document Hash:** 8350d3a66db01fb0374dab0c966badda
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-031868.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-031868

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** State Street Navigator Securities Lending Trust
- **CENTRAL INDEX KEY:** 0001011008

**ORGANIZATION NAME:**
- **EIN:** 043313514
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07567
- **FILM NUMBER:** 251525195

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114
- **BUSINESS PHONE:** 6176643920

**MAIL ADDRESS:**
- **STREET 1:** ONE CONGRESS STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** STATE STREET NAVIGATOR SECURITIES LENDING TRUST
- **DATE OF NAME CHANGE:** 19980914

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NAVIGATOR SECURITIES LENDING TRUST
- **DATE OF NAME CHANGE:** 19960320

## Series and Classes Contracts Data

### State Street Navigator Securities Lending Portfolio II (Series ID: S000063809)

| Class ID   | Class Name                                             | Ticker Symbol   |
|:---|:---|:---|
| C000206723 | State Street Navigator Securities Lending Portfolio II |  |

## Nport-Ex

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio I

#### Schedule of Investments

#### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS — 98.5%** | **SHORT-TERM INVESTMENTS — 98.5%** | **SHORT-TERM INVESTMENTS — 98.5%** |
| **ASSET BACKED COMMERCIAL PAPER — 9.0%** | **ASSET BACKED COMMERCIAL PAPER — 9.0%** | **ASSET BACKED COMMERCIAL PAPER — 9.0%** |
| Antalis SA<br> 4.39%, 11/10/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;$5000000 | &nbsp;&nbsp;&nbsp;&nbsp;$4976275 |
| Brigantine Funding Co. LLC<br> 4.38%, 11/24/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1242059 |
| Helvetica Funding Co. LLC<br> 4.47%, 10/6/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9993119 |
| Ionic Funding LLC<br> 4.30%, 1/7/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7415159 |
| Paradelle Funding LLC<br> SOFR + 0.33%, 4.46%, 2/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7503523 |
| Verto Capital I Compartment A<br> 4.37%, 11/19/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7456250 |
| Verto Capital I Compartment C<br> 4.36%, 10/30/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7473562 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46059947 |
| **CERTIFICATES OF DEPOSIT — 36.4%** | **CERTIFICATES OF DEPOSIT — 36.4%** | **CERTIFICATES OF DEPOSIT — 36.4%** |
| Bank of Montreal<br> SOFR + 0.24%, 4.37%, 3/6/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7501049 |
| Bank of Montreal<br> 4.49%, 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7505168 |
| Barclays Bank PLC<br> SOFR + 0.24%, 4.40%, 11/14/2025 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000735 |
| Barclays Bank PLC<br> SOFR + 0.40%, 4.56%, 12/9/2025 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5002659 |
| Canadian Imperial Bank of Commerce<br> 4.47%, 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000694 |
| Canadian Imperial Bank of Commerce<br> SOFR + 0.37%, 4.50%, 2/2/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5004258 |
| Citibank NA<br> SOFR + 0.29%, 4.42%, 2/24/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5001576 |
| Cooperatieve Rabobank UA<br> 4.56%, 12/3/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5002057 |
| Credit Agricole Corporate & Investment Bank SA<br> 4.27%, 2/2/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10008968 |
| Credit Agricole Corporate & Investment Bank SA<br> 4.42%, 11/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7502464 |
| Credit Agricole Corporate & Investment Bank SA<br> 4.45%, 11/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4752312 |
| Credit Industriel et Commercial<br> 4.17%, 5/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7505487 |
| Credit Industriel et Commercial<br> 4.41%, 2/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4504914 |
| KBC Bank<br> 4.31%, 11/25/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500449 |
| Lloyds Bank Corporate Markets PLC<br> 4.54%, 11/5/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000969 |

---

See accompanying notes to Schedule of Investments.

------

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio I

#### Schedule of Investments – (continued)

#### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** |
| **CERTIFICATES OF DEPOSIT – (continued)** | **CERTIFICATES OF DEPOSIT – (continued)** | **CERTIFICATES OF DEPOSIT – (continued)** |
| Mizuho Bank Ltd.<br> 4.30%, 2/10/2026 | &nbsp;&nbsp;&nbsp;$10000000 | &nbsp;&nbsp;&nbsp;$10005240 |
| Mizuho Bank Ltd.<br> 4.45%, 10/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500952 |
| MUFG Bank Ltd.<br> SOFR + 0.35%, 4.51%, 10/21/2025 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000737 |
| Natixis SA<br> SOFR + 0.27%, 4.40%, 11/5/2025 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7501507 |
| Nordea Bank Abp<br> SOFR + 0.27%, 4.40%, 4/10/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10003977 |
| Nordea Bank Abp<br> SOFR + 0.28%, 4.41%, 10/20/2025 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10001144 |
| Oversea-Chinese Banking Corp. Ltd.<br> 4.43%, 10/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500586 |
| Royal Bank of Canada<br> 4.50%, 10/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000200 |
| Sumitomo Mitsui Banking Corp.<br> SOFR + 0.23%, 4.36%, 2/10/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7502041 |
| Sumitomo Mitsui Banking Corp.<br> SOFR + 0.35%, 4.48%, 10/14/2025 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500706 |
| Svenska Handelsbanken AB<br> SOFR + 0.22%, 4.38%, 3/5/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7502065 |
| Svenska Handelsbanken AB<br> SOFR + 0.31%, 4.47%, 5/15/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2251093 |
| Toronto-Dominion Bank<br> 4.50%, 10/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000201 |
| Toronto-Dominion Bank<br> 4.50%, 11/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500632 |
| Toronto-Dominion Bank<br> 4.50%, 11/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500748 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;187065588 |
| **FINANCIAL COMPANY COMMERCIAL PAPER — 31.2%** | **FINANCIAL COMPANY COMMERCIAL PAPER — 31.2%** | **FINANCIAL COMPANY COMMERCIAL PAPER — 31.2%** |
| Bank of Montreal<br> 4.21%, 1/21/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9872728 |
| Bank of New York Mellon Corp.<br> SOFR + 0.26%, 4.42%, 4/7/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7501441 |
| Commonwealth Bank of Australia<br> SOFR + 0.20%, 4.33%, 1/12/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7501264 |
| Commonwealth Bank of Australia<br> SOFR + 0.25%, 4.38%, 11/5/2025 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000760 |
| Commonwealth Bank of Australia<br> SOFR + 0.31%, 4.44%, 5/11/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2250978 |
| DNB Bank ASA<br> 4.11%, 7/7/2026 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9700916 |
| DNB Bank ASA<br> 4.39%, 11/10/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7465488 |

---

See accompanying notes to Schedule of Investments.

------

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio I

#### Schedule of Investments – (continued)

#### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** |
| **FINANCIAL COMPANY COMMERCIAL PAPER – (continued)** | **FINANCIAL COMPANY COMMERCIAL PAPER – (continued)** | **FINANCIAL COMPANY COMMERCIAL PAPER – (continued)** |
| HSBC Bank PLC<br> SOFR + 0.37%, 4.53%, 1/5/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;$3500000 | &nbsp;&nbsp;&nbsp;&nbsp;$3501625 |
| HSBC Bank PLC<br> SOFR + 0.39%, 4.55%, 10/15/2025 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000611 |
| ING U.S. Funding LLC<br> SOFR + 0.30%, 4.46%, 2/2/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7503661 |
| Lloyds Bank PLC<br> SOFR + 0.27%, 4.43%, 4/13/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10002517 |
| Macquarie Bank Ltd.<br> 4.29%, 2/9/2026 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9853993 |
| National Bank of Canada<br> 4.06%, 5/27/2026 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4871494 |
| Natixis SA<br> 4.31%, 2/13/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7386706 |
| Oversea-Chinese Banking Corp. Ltd.<br> SOFR + 0.19%, 4.32%, 11/19/2025 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10001267 |
| Skandinaviska Enskilda Banken AB<br> SOFR + 0.20%, 4.36%, 11/5/2025 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000781 |
| Skandinaviska Enskilda Banken AB<br> SOFR + 0.35%, 4.51%, 5/8/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1751250 |
| Sumitomo Mitsui Banking Corp.<br> SOFR + 0.30%, 4.43%, 10/14/2025 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500560 |
| Svenska Handelsbanken AB<br> SOFR + 0.26%, 4.42%, 2/18/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4001728 |
| Toronto-Dominion Bank<br> 4.23%, 1/5/2026 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7417948 |
| United Overseas Bank Ltd.<br> SOFR + 0.20%, 4.36%, 2/5/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000844 |
| Westpac Banking Corp.<br> SOFR + 0.24%, 4.37%, 3/5/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10002604 |
| Westpac Banking Corp.<br> SOFR + 0.28%, 4.41%, 11/3/2025 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000346 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;160091510 |
| **OTHER NOTES — 3.4%** | **OTHER NOTES — 3.4%** | **OTHER NOTES — 3.4%** |
| Abu Dhabi Islamic Bank PJSC<br> 4.08%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7767000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7767000 |
| Mizuho Bank Ltd.<br> 4.10%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 |
| Svenska Handelsbanken AB<br> 4.07%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17767000 |
| **GOVERNMENT AGENCY REPURCHASE AGREEMENTS — 5.1%** | **GOVERNMENT AGENCY REPURCHASE AGREEMENTS — 5.1%** | **GOVERNMENT AGENCY REPURCHASE AGREEMENTS — 5.1%** |
| Agreement with Bank of America and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by U.S. Government Obligations, 3.000% – 7.000% due 05/01/2029 – 10/01/2054, valued at $5,100,000); expected proceeds $5,000,585<br> 4.21%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 |

---

See accompanying notes to Schedule of Investments.

------

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio I

#### Schedule of Investments – (continued)

#### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** |
| **GOVERNMENT AGENCY REPURCHASE AGREEMENTS – (continued)** | **GOVERNMENT AGENCY REPURCHASE AGREEMENTS – (continued)** | **GOVERNMENT AGENCY REPURCHASE AGREEMENTS – (continued)** |
| Agreement with JP Morgan Securities, Inc. and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by U.S. Government Obligations, 3.370% – 6.000% due 06/01/2039 – 08/01/2055, valued at $21,420,001); expected proceeds $21,002,456<br> 4.21%, 10/1/2025 | &nbsp;&nbsp;&nbsp;$21000000 | &nbsp;&nbsp;&nbsp;$21000000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26000000 |
| **TREASURY REPURCHASE AGREEMENTS — 2.9%** | **TREASURY REPURCHASE AGREEMENTS — 2.9%** | **TREASURY REPURCHASE AGREEMENTS — 2.9%** |
| Agreement with BNP Paribas and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by a U.S. Treasury Inflation Index Note, 1.375% due 07/15/2033 and U.S. Treasury Notes, 3.750% – 4.500% due 08/31/2026 – 12/31/2031, valued at $10,200,001); expected proceeds $10,001,169<br> 4.21%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 |
| Agreement with Societe Generale and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by a U.S. Treasury Bond, 2.875% due 05/15/2052 and a U.S. Treasury Note, 2.875% due 04/30/2029, valued at $5,100,658); expected proceeds $5,000,583<br> 4.20%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15000000 |
| **OTHER REPURCHASE AGREEMENTS — 10.5%** | **OTHER REPURCHASE AGREEMENTS — 10.5%** | **OTHER REPURCHASE AGREEMENTS — 10.5%** |
| Agreement with Bank of America and Bank of New York Mellon (Tri-Party), dated 08/22/2025 (collateralized by various Common Stocks and various Corporate Bonds, 0.000% – 7.500% due 09/30/2029 – 06/15/2030, valued at $5,400,061); expected proceeds $5,057,381<br> 4.54%, 11/21/2025 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 |
| Agreement with BNP Paribas and Bank of New York Mellon (Tri-Party), dated 09/19/2025 (collateralized by various Corporate Bonds, 1.234% – 5.336% due 03/02/2026 – 02/15/2064, valued at $2,100,495); expected proceeds $2,021,650<br> 4.33%, 12/18/2025 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000000 |
| Agreement with BNP Paribas and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by various Common Stocks, various Corporate Bonds, 4.250% – 4.700% due 04/02/2026 – 09/15/2028, valued at $10,796,856); expected proceeds $10,001,178<br> 4.24%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 |
| Agreement with BNP Paribas and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by various Corporate Bonds, 2.400% – 9.250% due 10/01/2028 – 01/01/2099, valued at $4,275,798); expected proceeds $4,000,468<br> 4.21%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000000 |
| Agreement with Citigroup Global Markets, Inc. and Bank of New York Mellon (Tri-Party), dated 09/12/2025 (collateralized by various Common Stocks, various Corporate Bonds, 0.000% due 10/15/2025 – 06/15/2030, valued at $4,340,830); expected proceeds $4,059,368<br> 4.49%, 1/9/2026 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000000 |
| Agreement with ING Financial Markets, Inc. and Bank of New York Mellon (Tri-Party), dated 09/26/2025 (collateralized by various Common Stocks, valued at $7,560,006); expected proceeds $7,035,443<br> 4.34%, 11/7/2025 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7000000 |
| Agreement with JP Morgan Securities, Inc. and Bank of New York Mellon (Tri-Party), dated 09/04/2025 (collateralized by a Corporate Bond, 2.375% due 12/01/2025, valued at $5,751,298); expected proceeds $5,073,333<br> 4.40%, 1/2/2026 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 |

---

See accompanying notes to Schedule of Investments.

------

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio I

#### Schedule of Investments – (continued)

#### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** |
| **OTHER REPURCHASE AGREEMENTS – (continued)** | **OTHER REPURCHASE AGREEMENTS – (continued)** | **OTHER REPURCHASE AGREEMENTS – (continued)** |
| Agreement with JP Morgan Securities, Inc. and Bank of New York Mellon (Tri-Party), dated 09/19/2025 (collateralized by various Corporate Bonds, 2.396% – 4.119% due 02/15/2048 – 10/01/2050, valued at $4,200,020); expected proceeds $4,057,913<br> 4.38%, 1/16/2026 (c) | &nbsp;&nbsp;&nbsp;&nbsp;$4000000 | &nbsp;&nbsp;&nbsp;&nbsp;$4000000 |
| Agreement with Societe Generale and Bank of New York Mellon (Tri-Party), dated 09/24/2025 (collateralized by various Corporate Bonds, 3.375% – 9.500% due 11/13/2025 – 01/01/2099, valued at $11,500,179); expected proceeds $10,008,070<br> 4.15%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 |
| Agreement with Societe Generale and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by various Common Stocks, valued at $3,240,001); expected proceeds $3,014,931<br> 4.37%, 11/10/2025 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54000000 |
| **TOTAL SHORT-TERM INVESTMENTS<br> (Cost $505,837,544)** |  | &nbsp;&nbsp;&nbsp;&nbsp;505984045 |
| **TOTAL INVESTMENTS — 98.5%<br> (Cost $505,837,544)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**505984045** |
| **OTHER ASSETS IN EXCESS OF LIABILITIES — 1.5%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7754527** |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;**$513738572** |

---

(a) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 30.9% of net assets as of September 30, 2025, may be resold in
transactions exempt from registration, normally to qualified institutional buyers.

(b) Variable Rate Security - Interest rate shown is rate in effect at September 30, 2025. For securities based on a published reference rate and spread, the reference rate and spread are
indicated in the description above.

(c) Illiquid security. These securities represent $30,000,000 or 5.8% of net assets as of September 30, 2025.

Abbreviations: <br> SOFR Secured Overnight Financing Rate <br> PLC Public Limited Company

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of September 30, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 —<br> Quoted Prices** | **Level 2 —<br> Other<br> Significant<br> Observable<br> Inputs** | **Level 3 —<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| **INVESTMENTS:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$505984045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$505984045 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$505984045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$505984045 |

---

See accompanying notes to Schedule of Investments.

------

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio I

#### Notes to Schedule of Investments

#### September 30, 2025 (Unaudited)

#### Security Valuation
The Fund's investments are valued at fair value each day that the New York Stock Exchange ("NYSE") is open and, for financial reporting purposes, as of the report date should the reporting period end on a day that the NYSE is not open. Fair value is generally defined as the price the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. By its nature, a fair value price is a good faith estimate of the valuation in a current sale and may not reflect an actual market price. The investments of the Fund are valued pursuant to the policy and procedures developed by the Oversight Committee (the "Committee") and approved by the Board of Trustees of the Trust (the "Board" and each member thereof, a "Trustee"). The Committee provides oversight of the valuation of investments for the Fund. The Board has responsibility for overseeing the determination of the fair value of investments.

Valuation techniques used to value the Fund's investments by major category are as follows:

• Government and municipal fixed income securities are generally valued using quotations from independent pricing services or brokers. Certain government inflation-indexed securities may require a calculated fair valuation as the cumulative inflation is contained within the price provided by the pricing service or broker. For these securities, the inflation component of the price is "cleaned" from the pricing service or broker price utilizing the published inflation factors in order to ensure proper accrual of income.

• Debt obligations (including short-term investments and convertible debt securities) are valued using quotations from independent pricing services or brokers or are generally valued at the last reported evaluated prices.

• Repurchase agreements are valued at the repurchase price as of valuation date.

In the event prices or quotations are not readily available or that the application of these valuation methods results in a price for an investment that is deemed to be not representative of the fair value of such investment, fair value will be determined in good faith by the Committee, in accordance with the valuation policy and procedures approved by the Board.

Various inputs are used in determining the value of the Fund's investments.

The Fund values its assets and liabilities at fair value using a fair value hierarchy consisting of three broad levels that prioritize the inputs to valuation techniques giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements) when market prices are not readily available or reliable. The categorization of a value determined for an investment within the hierarchy is based upon the pricing transparency of the investment and is not necessarily an indication of the risk associated with investing in it.

The three levels of the fair value hierarchy are as follows:

• Level 1 – Unadjusted quoted prices in active markets for identical asset or liability;

• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and

• Level 3 – Unobservable inputs for the asset or liability, including the Committee's assumptions used in determining the fair value of investments.

------

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio II

#### Schedule of Investments

#### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS — 98.7%** | **SHORT-TERM INVESTMENTS — 98.7%** | **SHORT-TERM INVESTMENTS — 98.7%** |
| **ASSET BACKED COMMERCIAL PAPER — 9.8%** | **ASSET BACKED COMMERCIAL PAPER — 9.8%** | **ASSET BACKED COMMERCIAL PAPER — 9.8%** |
| Anglesea Funding LLC<br> 4.12%, 10/1/2025 (a) | &nbsp;&nbsp;$100000000 | &nbsp;&nbsp;$99988550 |
| Anglesea Funding LLC<br> 4.12%, 10/2/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99977100 |
| Aquitaine Funding Co. LLC<br> 4.15%, 10/1/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;123000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122985818 |
| Bennington Stark Capital Co. LLC<br> 4.34%, 11/13/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96507366 |
| Chesham Finance Ltd./Chesham Finance LLC<br> 4.10%, 10/1/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44994847 |
| Chesham Finance Ltd./Chesham Finance LLC<br> 4.12%, 10/2/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44989695 |
| Collateralized Commercial Paper V Co. LLC<br> SOFR + 0.26%, 4.39%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50001460 |
| Concord Minutemen Capital Co. LLC<br> 4.12%, 10/1/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79990840 |
| Concord Minutemen Capital Co. LLC<br> 4.40%, 1/26/2026 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73995525 |
| Great Bear Funding LLC<br> 4.13%, 10/7/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;150000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149879250 |
| Hqla Funding LLC<br> SOFR + 0.45%, 4.58%, 4/24/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;120000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120009709 |
| Intrepid Funding Co. LLC<br> 4.60%, 11/21/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90286308 |
| Ionic Funding LLC<br> 4.30%, 1/7/2026 | &nbsp;&nbsp;&nbsp;&nbsp;143013000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141395223 |
| Legacy Capital Co. LLC<br> SOFR + 0.28%, 4.41%, 3/12/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000692 |
| Park Avenue Collateralized Notes Co. LLC<br> 4.48%, 1/8/2026 | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100071130 |
| Park Avenue Collateralized Notes Co. LLC<br> 4.48%, 1/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50035590 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1415109103 |
| **CERTIFICATES OF DEPOSIT — 27.6%** | **CERTIFICATES OF DEPOSIT — 27.6%** | **CERTIFICATES OF DEPOSIT — 27.6%** |
| Banco Santander SA<br> 4.47%, 11/13/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55016170 |
| Bank of America NA<br> 4.34%, 7/8/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75169290 |
| Bank of Montreal<br> SOFR + 0.40%, 4.53%, 8/28/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31018470 |
| Barclays Bank PLC<br> SOFR + 0.25%, 4.41%, 11/19/2025 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75013162 |
| Barclays Bank PLC<br> SOFR + 0.34%, 4.50%, 12/31/2025 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90047646 |
| Barclays Bank PLC<br> SOFR + 0.35%, 4.51%, 10/24/2025 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75012053 |

---

See accompanying notes to Schedule of Investments.

------

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio II

#### Schedule of Investments – (continued)

#### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** |
| **CERTIFICATES OF DEPOSIT – (continued)** | **CERTIFICATES OF DEPOSIT – (continued)** | **CERTIFICATES OF DEPOSIT – (continued)** |
| Barclays Bank PLC<br> SOFR + 0.40%, 4.56%, 12/9/2025 (b) | &nbsp;&nbsp;$100000000 | &nbsp;&nbsp;$100053190 |
| Canadian Imperial Bank of Commerce<br> SOFR + 0.30%, 4.43%, 2/11/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75049140 |
| Canadian Imperial Bank of Commerce<br> SOFR + 0.38%, 4.51%, 12/22/2025 (b) | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;100069510 |
| Citibank NA<br> SOFR + 0.32%, 4.48%, 12/10/2025 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70274580 |
| Cooperatieve Rabobank UA<br> 4.56%, 12/3/2025 | &nbsp;&nbsp;&nbsp;&nbsp;108000000 | &nbsp;&nbsp;&nbsp;&nbsp;108044420 |
| Cooperatieve Rabobank UA<br> 4.60%, 11/13/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40012900 |
| Credit Agricole Corporate & Investment Bank SA<br> 4.27%, 2/2/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40035872 |
| Credit Agricole Corporate & Investment Bank SA<br> SOFR + 0.22%, 4.35%, 2/2/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60025116 |
| Credit Agricole Corporate & Investment Bank SA<br> 4.45%, 11/20/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66782494 |
| Credit Industriel et Commercial<br> 4.13%, 5/14/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50022510 |
| Credit Industriel et Commercial<br> 4.35%, 7/9/2026 | &nbsp;&nbsp;&nbsp;&nbsp;123500000 | &nbsp;&nbsp;&nbsp;&nbsp;123772886 |
| Credit Industriel et Commercial<br> 4.41%, 2/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63819621 |
| Credit Industriel et Commercial<br> SOFR + 0.29%, 4.42%, 10/14/2025 (b) | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;100008590 |
| Landesbank Baden-Wuerttemberg<br> 4.11%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;325000000 | &nbsp;&nbsp;&nbsp;&nbsp;324999967 |
| Landesbank Baden-Wuerttemberg<br> 4.11%, 10/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;195000000 | &nbsp;&nbsp;&nbsp;&nbsp;195000000 |
| Landesbank Baden-Wuerttemberg<br> SOFR + 0.20%, 4.33%, 2/19/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;100024560 |
| Lloyds Bank Corporate Markets PLC<br> 4.50%, 11/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;118000000 | &nbsp;&nbsp;&nbsp;&nbsp;118031329 |
| Mizuho Bank Ltd.<br> 4.13%, 10/2/2025 | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;100000160 |
| Mizuho Bank Ltd.<br> 4.30%, 2/10/2026 | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;100052400 |
| Mizuho Bank Ltd.<br> 4.45%, 10/23/2025 | &nbsp;&nbsp;&nbsp;&nbsp;125000000 | &nbsp;&nbsp;&nbsp;&nbsp;125015875 |
| MUFG Bank Ltd.<br> 4.44%, 10/28/2025 | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;100021610 |
| Natixis SA<br> 4.62%, 11/6/2025 | &nbsp;&nbsp;&nbsp;&nbsp;125000000 | &nbsp;&nbsp;&nbsp;&nbsp;124991600 |
| Nordea Bank Abp<br> SOFR + 0.27%, 4.40%, 4/10/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;100039910 |
| Norinchukin Bank<br> 4.12%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72500058 |

---

See accompanying notes to Schedule of Investments.

------

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio II

#### Schedule of Investments – (continued)

#### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** |
| **CERTIFICATES OF DEPOSIT – (continued)** | **CERTIFICATES OF DEPOSIT – (continued)** | **CERTIFICATES OF DEPOSIT – (continued)** |
| Norinchukin Bank<br> 4.13%, 10/7/2025 | &nbsp;&nbsp;$200000000 | &nbsp;&nbsp;$200000000 |
| Sumitomo Mitsui Banking Corp.<br> 4.23%, 2/17/2026 | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100038530 |
| Sumitomo Mitsui Banking Corp.<br> SOFR + 0.23%, 4.36%, 1/30/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51513658 |
| Sumitomo Mitsui Banking Corp.<br> SOFR + 0.23%, 4.36%, 2/10/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;149500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149540679 |
| Sumitomo Mitsui Banking Corp.<br> SOFR + 0.26%, 4.39%, 11/18/2025 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75014430 |
| Svenska Handelsbanken AB<br> SOFR + 0.31%, 4.47%, 5/15/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33766396 |
| Svenska Handelsbanken AB<br> SOFR + 0.32%, 4.48%, 7/23/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55011770 |
| Toronto-Dominion Bank<br> SOFR + 0.22%, 4.38%, 2/13/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;125000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125026325 |
| Toronto-Dominion Bank<br> SOFR + 0.30%, 4.46%, 3/25/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87794323 |
| Toronto-Dominion Bank<br> 4.50%, 11/10/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70017703 |
| Toronto-Dominion Bank<br> 4.50%, 11/17/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70020937 |
| Wells Fargo Bank NA<br> SOFR + 0.27%, 4.40%, 3/3/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20006700 |
| Wells Fargo Bank NA<br> SOFR + 0.31%, 4.44%, 6/3/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81028326 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3978704866 |
| **FINANCIAL COMPANY COMMERCIAL PAPER — 18.1%** | **FINANCIAL COMPANY COMMERCIAL PAPER — 18.1%** | **FINANCIAL COMPANY COMMERCIAL PAPER — 18.1%** |
| Australia & New Zealand Banking Group Ltd.<br> 4.39%, 11/25/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;125000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124208475 |
| Australia & New Zealand Banking Group Ltd.<br> SOFR + 0.27%, 4.40%, 1/2/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37012121 |
| Australia & New Zealand Banking Group Ltd.<br> SOFR + 0.27%, 4.40%, 4/20/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;152000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152052546 |
| Bank of Montreal<br> 4.21%, 1/21/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69109096 |
| Bank of Nova Scotia<br> SOFR + 0.31%, 4.44%, 2/4/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90550191 |
| Barclays Bank U.K. PLC<br> 4.12%, 10/2/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49988550 |
| BNG Bank NV<br> 4.08%, 10/1/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;150000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149982900 |
| BPCE SA<br> 4.19%, 2/3/2026 (a) | &nbsp;&nbsp;&nbsp;&nbsp;175000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172552450 |
| BPCE SA<br> 4.39%, 11/10/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99531200 |

---

See accompanying notes to Schedule of Investments.

------

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio II

#### Schedule of Investments – (continued)

#### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** |
| **FINANCIAL COMPANY COMMERCIAL PAPER – (continued)** | **FINANCIAL COMPANY COMMERCIAL PAPER – (continued)** | **FINANCIAL COMPANY COMMERCIAL PAPER – (continued)** |
| Commonwealth Bank of Australia<br> SOFR + 0.26%, 4.39%, 1/23/2026 (a),(b) | &nbsp;&nbsp;$160000000 | &nbsp;&nbsp;$160053856 |
| Commonwealth Bank of Australia<br> SOFR + 0.31%, 4.44%, 5/11/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33764675 |
| DNB Bank ASA<br> 4.36%, 10/15/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24957878 |
| DNB Bank ASA<br> 4.39%, 11/10/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;125000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124424800 |
| HSBC Bank PLC<br> SOFR + 0.35%, 4.51%, 8/4/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45002732 |
| HSBC Bank PLC<br> SOFR + 0.35%, 4.51%, 8/11/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75003030 |
| ING U.S. Funding LLC<br> SOFR + 0.28%, 4.44%, 4/28/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75017295 |
| Lloyds Bank PLC<br> 4.32%, 10/23/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;128000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127663078 |
| Macquarie Bank Ltd.<br> 4.25%, 4/27/2026 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83045357 |
| National Australia Bank Ltd.<br> SOFR + 0.22%, 4.35%, 10/21/2025 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50003980 |
| National Australia Bank Ltd.<br> SOFR + 0.24%, 4.37%, 1/14/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31008014 |
| National Bank of Canada<br> 4.08%, 4/29/2026 (a) | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97709090 |
| Royal Bank of Canada<br> 4.31%, 2/2/2026 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97139922 |
| Royal Bank of Canada<br> 4.35%, 11/6/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;104000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103561182 |
| Skandinaviska Enskilda Banken AB<br> SOFR + 0.25%, 4.41%, 3/27/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71514171 |
| Skandinaviska Enskilda Banken AB<br> SOFR + 0.27%, 4.43%, 4/22/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64017203 |
| Skandinaviska Enskilda Banken AB<br> SOFR + 0.35%, 4.51%, 5/8/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33774098 |
| Standard Chartered Bank<br> 4.30%, 12/8/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41913162 |
| Svenska Handelsbanken AB<br> 4.39%, 11/12/2025 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16418813 |
| Svenska Handelsbanken AB<br> SOFR + 0.25%, 4.41%, 12/8/2025 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;130000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130036166 |
| Toronto-Dominion Bank<br> 4.23%, 1/5/2026 (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49452985 |
| Westpac Banking Corp.<br> SOFR + 0.24%, 4.37%, 3/5/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29007552 |
| Westpac Banking Corp.<br> SOFR + 0.27%, 4.40%, 2/4/2026 (a),(b) | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100045150 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2609521718 |

---

See accompanying notes to Schedule of Investments.

------

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio II

#### Schedule of Investments – (continued)

#### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** |
| **OTHER NOTES — 25.0%** | **OTHER NOTES — 25.0%** | **OTHER NOTES — 25.0%** |
| ABN AMRO Bank NV<br> 4.08%, 10/1/2025 | &nbsp;&nbsp;$450000000 | &nbsp;&nbsp;$450000000 |
| ABN AMRO Bank NV<br> 4.08%, 10/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;175000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175000000 |
| Abu Dhabi Islamic Bank PJSC<br> 4.08%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;173378000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;173378000 |
| Banco Santander Central Hispano SA<br> 4.11%, 10/3/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 |
| Bank of America NA<br> 4.42%, 3/18/2026 | &nbsp;&nbsp;&nbsp;&nbsp;125000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125195103 |
| Canadian Imperial Bank of Commerce<br> 4.09%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;150000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150000000 |
| ING Bank NV<br> 4.13%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;200000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200000000 |
| ING Bank NV<br> 4.13%, 10/2/2025 | &nbsp;&nbsp;&nbsp;&nbsp;150000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150000000 |
| ING Bank NV<br> 4.13%, 10/3/2025 | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100000000 |
| KBC Bank NV<br> 4.09%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;550000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550000000 |
| Mizuho Bank Ltd.<br> 4.10%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;305000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;305000000 |
| National Bank of Canada<br> 4.10%, 10/2/2025 | &nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100000000 |
| National Bank of Canada<br> 4.10%, 10/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;150000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150000000 |
| Royal Bank of Canada<br> 4.15%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;275000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;275000000 |
| Skandinaviska Enskilda Banken AB<br> 4.08%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;200000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200000000 |
| Svenska Handelsbanken AB<br> 4.07%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;200000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200000000 |
| Toyota Motor Credit Corp.<br> SOFR + 0.30%, 4.46%, 2/24/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70019270 |
| Toyota Motor Credit Corp.<br> SOFR + 0.33%, 4.46%, 8/18/2026 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83014030 |
| Toyota Motor Credit Corp.<br> SOFR + 0.35%, 4.51%, 12/9/2025 (b) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90027064 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3596633467 |
| **GOVERNMENT AGENCY REPURCHASE AGREEMENTS — 6.5%** | **GOVERNMENT AGENCY REPURCHASE AGREEMENTS — 6.5%** | **GOVERNMENT AGENCY REPURCHASE AGREEMENTS — 6.5%** |
| Agreement with Bank of America and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by U.S. Government Obligations, 2.500% – 6.500% due 12/01/2036 – 08/01/2055, valued at $61,200,000); expected proceeds $60,007,017<br> 4.21%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60000000 |

---

See accompanying notes to Schedule of Investments.

------

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio II

#### Schedule of Investments – (continued)

#### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** |
| **GOVERNMENT AGENCY REPURCHASE AGREEMENTS – (continued)** | **GOVERNMENT AGENCY REPURCHASE AGREEMENTS – (continued)** | **GOVERNMENT AGENCY REPURCHASE AGREEMENTS – (continued)** |
| Agreement with BNP Paribas and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by a U.S. Treasury Note, 4.125% due 07/31/2031, a U.S. Treasury Strip, 0.000% due 08/15/2034 and U.S. Government Obligations, 0.000% – 8.964% due 05/25/2027 – 08/20/2065, valued at $160,182,633); expected proceeds $156,018,243<br> 4.21%, 10/1/2025 | &nbsp;&nbsp;$156000000 | &nbsp;&nbsp;$156000000 |
| Agreement with Citigroup Global Markets, Inc. and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by a U.S. Treasury Note, 1.250% due 11/30/2026 and U.S. Government Obligations, 3.700% – 5.440% due 09/30/2032 – 09/25/2045, valued at $29,752,418); expected proceeds $29,172,403<br> 4.20%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29169000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29169000 |
| Agreement with Citigroup Global Markets, Inc. and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by U.S. Government Obligations, 0.311% – 7.000% due 09/20/2054 – 02/20/2055, valued at $51,502,132); expected proceeds $50,005,847<br> 4.21%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 |
| Agreement with Credit Agricole Corporate and Investment Bank and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by U.S. Government Obligations, 1.511% – 3.500% due 09/20/2051 – 06/20/2055, valued at $86,400,000); expected proceeds $80,009,333<br> 4.20%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80000000 |
| Agreement with JP Morgan Securities, Inc. and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by U.S. Government Obligations, 2.000% – 7.000% due 04/01/2031 – 03/01/2060, valued at $576,300,001); expected proceeds $565,066,072<br> 4.21%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;565000000 | &nbsp;&nbsp;&nbsp;&nbsp;565000000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;940169000 |
| **TREASURY REPURCHASE AGREEMENTS — 3.0%** | **TREASURY REPURCHASE AGREEMENTS — 3.0%** | **TREASURY REPURCHASE AGREEMENTS — 3.0%** |
| Agreement with JP Morgan Securities, Inc. and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by a U.S. Treasury Note, 0.750% due 01/31/2028, valued at $255,000,041); expected proceeds $250,029,167<br> 4.20%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;250000000 | &nbsp;&nbsp;&nbsp;&nbsp;250000000 |
| Agreement with JP Morgan Securities, Inc. and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by a U.S. Treasury Note, 2.625% due 07/31/2029, valued at $153,000,065); expected proceeds $150,017,500<br> 4.20%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;150000000 | &nbsp;&nbsp;&nbsp;&nbsp;150000000 |
| Agreement with Societe Generale and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by U.S. Treasury Bonds, 3.125% – 4.250% due 02/15/2042 – 02/15/2054, valued at $25,500,023); expected proceeds $25,002,917<br> 4.20%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;425000000 |
| **OTHER REPURCHASE AGREEMENTS — 8.7%** | **OTHER REPURCHASE AGREEMENTS — 8.7%** | **OTHER REPURCHASE AGREEMENTS — 8.7%** |
| Agreement with Bank of America and Bank of New York Mellon (Tri-Party), dated 08/22/2025 (collateralized by a Corporate Bond, 6.600% due 04/08/2037 and various Common Stocks, valued at $43,200,002); expected proceeds $40,459,044<br> 4.54%, 11/21/2025 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40000000 |
| Agreement with Bank of America and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by various Common Stocks, valued at $54,000,001); expected proceeds $50,748,333<br> 4.49%, 1/28/2026 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 |

---

See accompanying notes to Schedule of Investments.

------

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio II

#### Schedule of Investments – (continued)

#### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** |
| **OTHER REPURCHASE AGREEMENTS – (continued)** | **OTHER REPURCHASE AGREEMENTS – (continued)** | **OTHER REPURCHASE AGREEMENTS – (continued)** |
| Agreement with Bank of Nova Scotia and Bank of New York Mellon (Tri-Party), dated 03/10/2025 (collateralized by a Corporate Bond, 5.050% due 03/15/2042 and various Common Stocks, valued at $108,916,498); expected proceeds $102,414,444<br> 4.24%, 10/1/2025 | &nbsp;&nbsp;$100000000 | &nbsp;&nbsp;$100000000 |
| Agreement with BNP Paribas and Bank of New York Mellon (Tri-Party), dated 09/19/2025 (collateralized by various Corporate Bonds, 3.000% – 6.650% due 06/15/2031 – 12/31/2079, valued at $46,440,903); expected proceeds $43,465,475<br> 4.33%, 12/18/2025 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43000000 |
| Agreement with BNP Paribas and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by various Corporate Bonds, 1.200% – 8.175% due 11/13/2025 – 01/01/2099, valued at $120,885,924); expected proceeds $113,013,214<br> 4.21%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;113000000 | &nbsp;&nbsp;&nbsp;&nbsp;113000000 |
| Agreement with Citigroup Global Markets, Inc. and Bank of New York Mellon (Tri-Party), dated 09/12/2025 (collateralized by various Corporate Bonds, 0.000% – 5.000% due 10/15/2025 – 09/30/2053, valued at $55,000,339); expected proceeds $50,742,097<br> 4.49%, 1/9/2026 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 |
| Agreement with Citigroup Global Markets, Inc. and Bank of New York Mellon (Tri-Party), dated 09/19/2025 (collateralized by various Corporate Bonds, 0.000% – 5.000% due 12/15/2027 – 10/01/2029, valued at $55,002,779); expected proceeds $50,555,000<br> 4.44%, 12/18/2025 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 |
| Agreement with JP Morgan Securities, Inc. and Bank of New York Mellon (Tri-Party), dated 09/04/2025 (collateralized by various Corporate Bonds, 0.375% – 3.369% due 01/15/2027 – 09/15/2030, valued at $95,450,006); expected proceeds $84,217,333<br> 4.40%, 1/2/2026 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83000000 |
| Agreement with JP Morgan Securities, Inc. and Bank of New York Mellon (Tri-Party), dated 09/12/2025 (collateralized by various Corporate Bonds, 0.000% – 2.750% due 11/01/2025 – 09/15/2032, valued at $120,750,683); expected proceeds $106,558,404<br> 4.49%, 1/9/2026 (c) | &nbsp;&nbsp;&nbsp;&nbsp;105000000 | &nbsp;&nbsp;&nbsp;&nbsp;105000000 |
| Agreement with JP Morgan Securities, Inc. and Bank of New York Mellon (Tri-Party), dated 09/19/2025 (collateralized by various Corporate Bonds, 3.701% – 7.125% due 01/24/2029 – 09/01/2112, valued at $52,500,183); expected proceeds $50,725,569<br> 4.39%, 1/16/2026 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 |
| Agreement with Societe Generale and Bank of New York Mellon (Tri-Party), dated 09/24/2025 (collateralized by various Corporate Bonds, 1.400% – 12.750% due 11/13/2025 – 01/01/2099, valued at $58,053,934); expected proceeds $51,041,154<br> 4.15%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51000000 |
| Agreement with Societe Generale and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by various Common Stocks, valued at $74,520,005); expected proceeds $69,343,409<br> 4.37%, 11/10/2025 (c) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69000000 |
| Agreement with Societe Generale and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by various Corporate Bonds, 1.431% – 12.750% due 10/01/2026 – 01/01/2099, valued at $143,211,410); expected proceeds $130,104,903<br> 4.15%, 10/7/2025 | &nbsp;&nbsp;&nbsp;&nbsp;130000000 | &nbsp;&nbsp;&nbsp;&nbsp;130000000 |
| Agreement with Societe Generale and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by various Corporate Bonds, 2.239% – 11.500% due 03/06/2026 – 01/01/2099, valued at $187,067,199); expected proceeds $170,019,597<br> 4.15%, 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;170000000 | &nbsp;&nbsp;&nbsp;&nbsp;170000000 |

---

See accompanying notes to Schedule of Investments.

------

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio II

#### Schedule of Investments – (continued)

#### September 30, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**Value** |
| **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** | **SHORT-TERM INVESTMENTS – (continued)** |
| **OTHER REPURCHASE AGREEMENTS – (continued)** | **OTHER REPURCHASE AGREEMENTS – (continued)** | **OTHER REPURCHASE AGREEMENTS – (continued)** |
| Agreement with Toronto Dominion Bank and Bank of New York Mellon (Tri-Party), dated 09/30/2025 (collateralized by various Corporate Bonds, 4.000% – 7.169% due 03/06/2026 – 03/01/2078, valued at $177,120,934); expected proceeds $154,017,796<br> 4.16%, 10/1/2025 | &nbsp;&nbsp;$154000000 | &nbsp;&nbsp;&nbsp;&nbsp;$154000000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1258000000 |
| **TOTAL SHORT-TERM INVESTMENTS<br> (Cost $14,220,281,566)** |  | &nbsp;&nbsp;&nbsp;&nbsp;14223138154 |
| **TOTAL INVESTMENTS — 98.7%<br> (Cost $14,220,281,566)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**14223138154** |
| **OTHER ASSETS IN EXCESS OF LIABILITIES — 1.3%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**188027861** |
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;**$14411166015** |

---

(a) Securities purchased pursuant to Rule 144A of the Securities Act of 1933, as amended. These securities, which represent 24.5% of net assets as of September 30, 2025, may be resold in
transactions exempt from registration, normally to qualified institutional buyers.

(b) Variable Rate Security - Interest rate shown is rate in effect at September 30, 2025. For securities based on a published reference rate and spread, the reference rate and spread are
indicated in the description above.

(c) Illiquid security. These securities represent $540,000,000 or 3.7% of net assets as of September 30, 2025.

Abbreviations: <br> SOFR Secured Overnight Financing Rate <br> PLC Public Limited Company

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of September 30, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Level 1 —<br> Quoted Prices** | **Level 2 —<br> Other<br> Significant<br> Observable<br> Inputs** | **Level 3 —<br> Significant<br> Unobservable<br> Inputs** | **Total** |
| **INVESTMENTS:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$14223138154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$14223138154 |
| **TOTAL INVESTMENTS** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$14223138154 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;$14223138154 |

---

See accompanying notes to Schedule of Investments.

------

#### State Street Navigator Securities Lending Trust

#### State Street Navigator Securities Lending Portfolio II

#### Notes to Schedule of Investments

#### September 30, 2025 (Unaudited)

#### Security Valuation
The Fund's investments are valued at fair value each day that the New York Stock Exchange ("NYSE") is open and, for financial reporting purposes, as of the report date should the reporting period end on a day that the NYSE is not open. Fair value is generally defined as the price the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. By its nature, a fair value price is a good faith estimate of the valuation in a current sale and may not reflect an actual market price. The investments of the Fund are valued pursuant to the policy and procedures developed by the Oversight Committee (the "Committee") and approved by the Board of Trustees of the Trust (the "Board" and each member thereof, a "Trustee"). The Committee provides oversight of the valuation of investments for the Fund. The Board has responsibility for overseeing the determination of the fair value of investments.

Valuation techniques used to value the Fund's investments by major category are as follows:

• Government and municipal fixed income securities are generally valued using quotations from independent pricing services or brokers. Certain government inflation-indexed securities may require a calculated fair valuation as the cumulative inflation is contained within the price provided by the pricing service or broker. For these securities, the inflation component of the price is "cleaned" from the pricing service or broker price utilizing the published inflation factors in order to ensure proper accrual of income.

• Debt obligations (including short-term investments and convertible debt securities) are valued using quotations from independent pricing services or brokers or are generally valued at the last reported evaluated prices.

• Repurchase agreements are valued at the repurchase price as of valuation date.

In the event prices or quotations are not readily available or that the application of these valuation methods results in a price for an investment that is deemed to be not representative of the fair value of such investment, fair value will be determined in good faith by the Committee, in accordance with the valuation policy and procedures approved by the Board.

Various inputs are used in determining the value of the Fund's investments.

The Fund values its assets and liabilities at fair value using a fair value hierarchy consisting of three broad levels that prioritize the inputs to valuation techniques giving the highest priority to readily available unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements) when market prices are not readily available or reliable. The categorization of a value determined for an investment within the hierarchy is based upon the pricing transparency of the investment and is not necessarily an indication of the risk associated with investing in it.

The three levels of the fair value hierarchy are as follows:

• Level 1 – Unadjusted quoted prices in active markets for identical asset or liability;

• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability either directly or indirectly, including quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not considered to be active, inputs other than quoted prices that are observable for the asset or liability (such as exchange rates, financing terms, interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs; and

• Level 3 – Unobservable inputs for the asset or liability, including the Committee's assumptions used in determining the fair value of investments.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** State Street Navigator Securities Lending Trust

- **b. Investment Company Act file number:** 811-07567

- **c. CIK number of Registrant:** 0001011008

- **d. LEI of Registrant:** 5493005HD34MZLK62085

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

  - **Street Address 1:** One Iron Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 617-664-7037

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

- **a. Name of Series:** State Street Navigator Securities Lending Portfolio II

- **b. EDGAR series identifier (if any):** S000063809

- **c. LEI of Series:** 5493009DELHEEQ5LP637

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $14459257222.04

**Total Liabilities:** $48091206.67

**Net Assets:** $14411166015.37

**Cash Not Reported:** $190000461.90

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -5108.07000000 | **1-Year:** -6612.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -35014.93000000 | **1-Year:** -10819.11000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000206723 | 0.38%                | 0.38%                | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $28436.10                | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $0.00                                      |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SUMITOMO MITSUI BANKING                                | Sumitomo Mitsui Banking Corp                           | CUSIP: 86565GSD3<br>LEI: 5U0XI89JRFVHWIBS4F54 | Long             | STIV             | CORP              | JP        | 100000000 | PA      | $100000000.00 | 0.69%             | 2026-02-17      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| ABU DHABI INTERNATIONAL BANK I                         | Abu Dhabi Islamic Bank PJSC                            | CUSIP: 000000000<br>LEI: 5493006DOLY8O98XHD74 | Long             | STIV             | CORP              | US        | 173378000 | PA      | $173378000.00 | 1.20%             | 2025-10-01      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                               | Svenska Handelsbanken AB                               | CUSIP: 86960LMB3<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        | 130000000 | PA      | $130000000.00 | 0.90%             | 2025-12-08      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                    | Wells Fargo Bank NA                                    | CUSIP: 95001KTH7<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | STIV             | CORP              | US        |  20000000 | PA      | $20000000.00  | 0.14%             | 2026-03-03      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED BANK                                | Standard Chartered Bank/New York                       | CUSIP: 85324TZ82<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | US        |  42250000 | PA      | $41906836.11  | 0.29%             | 2025-12-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IONIC FUNDING LLC                                      | Ionic Funding LLC                                      | CUSIP: 46222VA71<br>LEI: 2549003T8ZP164671925 | Long             | STIV             | CORP              | US        | 143013000 | PA      | $141338953.38 | 0.98%             | 2026-01-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC NY                                   | Barclays Bank PLC/NY                                   | CUSIP: 06745GDM0<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |  75000000 | PA      | $75000000.00  | 0.52%             | 2025-10-24      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK N.V.                                     | ABN AMRO Bank NV                                       | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | STIV             | CORP              | NL        | 150000000 | PA      | $150000000.00 | 1.04%             | 2025-10-01      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                                | Australia & New Zealand Banking Group Ltd              | CUSIP: 05253AYR5<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | STIV             | CORP              | AU        | 125000000 | PA      | $124161631.94 | 0.86%             | 2025-11-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Credit Agricole Corporate and Investment Bank/New York | Credit Agricole Corporate and Investment Bank/New York | CUSIP: 22536JNF8<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | US        |  66750000 | PA      | $66750000.00  | 0.46%             | 2025-11-20      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | TRSY 4.2                                               | CUSIP: 000000000<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | RA               | CORP              | US        | 150000000 | PA      | $150000000.00 | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NORINCHUKIN BK NEW YORK BRH IN                         | NORINCHUKIN BK NEW YORK BRH IN                         | CUSIP: 65603BCG2<br>LEI: 5493007VSMFZCPV1NB83 | Long             | STIV             | CORP              | US        |  72500000 | PA      | $72500000.00  | 0.50%             | 2025-10-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Anglesea Funding LLC                                   | Anglesea Funding LLC                                   | CUSIP: 0347M2X19<br>LEI: 549300JC7SH8MD7E2Z33 | Long             | STIV             | CORP              | IE        | 100000000 | PA      | $100000000.00 | 0.69%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ANGLESEA FUNDING LLC                                   | Anglesea Funding LLC                                   | CUSIP: 0347M2X27<br>LEI: 549300JC7SH8MD7E2Z33 | Long             | STIV             | CORP              | IE        | 100000000 | PA      | $99988555.56  | 0.69%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | EQTY 4.73                                              | CUSIP: 000000000<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | RA               | CORP              | US        | 105000000 | PA      | $105000000.00 | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| CONCORD MINUTEMEN CAP CO                               | Concord Minutemen Capital Co LLC                       | CUSIP: 2063CQAS4<br>LEI: 549300B4YYZ4SNU1JB49 | Long             | STIV             | CORP              | US        |  75000000 | PA      | $73927500.00  | 0.51%             | 2026-01-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                         | MTGE 4.21                                              | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | RA               | CORP              | US        |  50000000 | PA      | $50000000.00  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| CHESHAM FIN LTD/FIN LLC                                | Chesham Finance Ltd / Chesham Finance LLC              | CUSIP: 16537AX18<br>LEI: N/A                  | Long             | STIV             | CORP              | KY        |  45000000 | PA      | $45000000.00  | 0.31%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                   | Royal Bank of Canada                                   | CUSIP: 78013VY63<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | CA        | 104000000 | PA      | $103547600.00 | 0.72%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                         | EQTY 4.73                                              | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | RA               | CORP              | US        |  50000000 | PA      | $50000000.00  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Landesbank Baden-Wuerttemberg/New York NY              | Landesbank Baden-Wuerttemberg/New York NY              | CUSIP: 51502BBJ9<br>LEI: B81CK4ESI35472RHJ606 | Long             | STIV             | CORP              | DE        | 325000000 | PA      | $325000000.00 | 2.26%             | 2025-10-01      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank Corporate Markets PLC/New York NY          | Lloyds Bank Corporate Markets PLC/New York NY          | CUSIP: 53947B3C2<br>LEI: 213800MBWEIJDM5CU638 | Long             | STIV             | CORP              | US        | 118000000 | PA      | $118000000.00 | 0.82%             | 2025-11-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALI BANK L                               | National Australia Bank Ltd                            | CUSIP: 63254GU29<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | STIV             | CORP              | AU        |  31000000 | PA      | $31000000.00  | 0.22%             | 2026-01-14      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                               | Toyota Motor Credit Corp                               | CUSIP: 89236TNN1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  83000000 | PA      | $83000000.00  | 0.58%             | 2026-08-18      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                    | Bank of Nova Scotia/The                                | CUSIP: 06417LC62<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | STIV             | CORP              | CA        |  90500000 | PA      | $90500000.00  | 0.63%             | 2026-02-04      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| Credit Industriel et Commercial/New York               | Credit Industriel et Commercial/New York               | CUSIP: 22536WMA1<br>LEI: N4JDFKKH2FTD8RKFXO39 | Long             | STIV             | CORP              | US        | 123500000 | PA      | $123500000.00 | 0.86%             | 2026-07-09      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | MTGE 4.21                                              | CUSIP: 000000000<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | RA               | CORP              | US        | 565000000 | PA      | $565000000.00 | 3.92%             |  |  |  | No            |                  2 | On Loan: No      |
| MIZUHO BANK, LTD. NEW YORK BRA                         | Mizuho Bank Ltd/Sydney                                 | CUSIP: 000000000<br>LEI: 254900O5B06Y1EPP2H33 | Long             | STIV             | CORP              | US        | 305000000 | PA      | $305000000.00 | 2.12%             | 2025-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| COLLAT COMM PAPER V CO                                 | Collateralized Commercial Paper V Co LLC               | CUSIP: 19423RNP0<br>LEI: 549300ZLXI3T111CH173 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $50000000.00  | 0.35%             | 2026-02-13      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| ING BANK NV                                            | ING BANK NV                                            | CUSIP: 000000000<br>LEI: 3TK20IVIUJ8J3ZU0QE75 | Long             | STIV             | CORP              | HK        | 200000000 | PA      | $200000000.00 | 1.39%             | 2025-10-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Chesham Finance Ltd / Chesham Finance LLC              | Chesham Finance Ltd / Chesham Finance LLC              | CUSIP: 16537AX26<br>LEI: N/A                  | Long             | STIV             | CORP              | KY        |  45000000 | PA      | $44994850.00  | 0.31%             | 2025-10-02      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MUFG Bank Ltd/New York NY                              | MUFG Bank Ltd/New York NY                              | CUSIP: 55381BHE1<br>LEI: C3GTMMZIHMY46P4OIX74 | Long             | STIV             | CORP              | US        | 100000000 | PA      | $100000000.00 | 0.69%             | 2025-10-28      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| HQLA FUNDING LLC                                       | Hqla Funding LLC                                       | CUSIP: 44333PAD2<br>LEI: 5493000J8TNLYHDOFL03 | Long             | STIV             | CORP              | US        | 120000000 | PA      | $120000000.00 | 0.83%             | 2026-04-24      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK                                  | Toronto-Dominion Bank/The                              | CUSIP: 89119BA55<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |  50000000 | PA      | $49436000.00  | 0.34%             | 2026-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI BANK NY                                | Sumitomo Mitsui Banking Corp/New York                  | CUSIP: 86565GRX0<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        | 149500000 | PA      | $149500000.00 | 1.04%             | 2026-02-10      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Securities Corp.                           | MTGE 4.21                                              | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | RA               | CORP              | US        | 156000000 | PA      | $156000000.00 | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL CHICAGO                               | Bank of Montreal/Chicago IL                            | CUSIP: 06370B3X0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |  31000000 | PA      | $31000000.00  | 0.22%             | 2026-08-28      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| Great Bear Funding LLC                                 | Great Bear Funding LLC                                 | CUSIP: 39014HX74<br>LEI: 635400VTTJNS4TKPEZ96 | Long             | STIV             | CORP              | US        | 150000000 | PA      | $149896750.00 | 1.04%             | 2025-10-07      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| SKANDINAVISKA ENSKILDA BANKEN                          | Skandinaviska Enskilda Banken AB                       | CUSIP: 000000000<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | STIV             | CORP              | US        | 200000000 | PA      | $200000000.00 | 1.39%             | 2025-10-01      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| LANDESBK BADEN-WURTT NY                                | Landesbank Baden-Wuerttemberg/New York NY              | CUSIP: 51501Y6V9<br>LEI: B81CK4ESI35472RHJ606 | Long             | STIV             | CORP              | DE        | 100000000 | PA      | $100000000.00 | 0.69%             | 2026-02-19      | Floating      | 4.33%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL                                       | Bank of Montreal                                       | CUSIP: 06367KAM1<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |  70000000 | PA      | $69083155.56  | 0.48%             | 2026-01-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ING BANK NV                                            | ING BANK NV                                            | CUSIP: 000000000<br>LEI: 3TK20IVIUJ8J3ZU0QE75 | Long             | STIV             | CORP              | HK        | 100000000 | PA      | $100000000.00 | 0.69%             | 2025-10-03      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BK                                    | TORONTO DOMINION BK                                    | CUSIP: 89115DPX8<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | US        |  70000000 | PA      | $70000000.00  | 0.49%             | 2025-11-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                               | Toyota Motor Credit Corp                               | CUSIP: 89236TMX0<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  90000000 | PA      | $90000000.00  | 0.62%             | 2025-12-09      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| MACQUARIE BANK LIMITED                                 | Macquarie Bank Ltd                                     | CUSIP: 55607LDT8<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |  85000000 | PA      | $82912777.78  | 0.58%             | 2026-04-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SKANDINAV ENSKILDA BANK                                | Skandinaviska Enskilda Banken AB                       | CUSIP: 83050WQZ0<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | STIV             | CORP              | SE        |  33750000 | PA      | $33750000.00  | 0.23%             | 2026-05-08      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN AB                               | Svenska Handelsbanken AB                               | CUSIP: 86960JYC3<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |  16500000 | PA      | $16415492.50  | 0.11%             | 2025-11-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NORINCHUKIN BK NEW YORK BRH IN                         | NORINCHUKIN BK NEW YORK BRH IN                         | CUSIP: 65603BCJ6<br>LEI: 5493007VSMFZCPV1NB83 | Long             | STIV             | CORP              | US        | 200000000 | PA      | $200000000.00 | 1.39%             | 2025-10-07      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE CIB NY                                 | Credit Agricole Corporate and Investment Bank/New York | CUSIP: 22532XF29<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | FR        |  60000000 | PA      | $60000000.00  | 0.42%             | 2026-02-02      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                           | DNB Bank ASA                                           | CUSIP: 2332K0XF4<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |  25000000 | PA      | $24957611.11  | 0.17%             | 2025-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTREPID FUNDING CO LLC                                | Intrepid Funding Co LLC                                | CUSIP: 46125GAA5<br>LEI: 984500FAJ11A8A3K3E69 | Long             | STIV             | CORP              | US        |  90250000 | PA      | $90250000.00  | 0.63%             | 2025-11-21      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK OF COMM                         | Canadian Imperial Bank of Commerce                     | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | STIV             | CORP              | US        | 150000000 | PA      | $150000000.00 | 1.04%             | 2025-10-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| BNG BANK NV                                            | BNG Bank NV                                            | CUSIP: 09657RX10<br>LEI: 529900GGYMNGRQTDOO93 | Long             | STIV             | CORP              | US        | 150000000 | PA      | $150000000.00 | 1.04%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC NY                                   | Barclays Bank PLC/NY                                   | CUSIP: 06745GCB5<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        | 100000000 | PA      | $100000000.00 | 0.69%             | 2025-12-09      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Securities Corp.                           | CORP INV 4.21                                          | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | RA               | CORP              | US        | 113000000 | PA      | $113000000.00 | 0.78%             |  |  |  | No            |                  2 | On Loan: No      |
| PARK AVE COLL NOTES                                    | Park Avenue Collateralized Notes Co LLC                | CUSIP: 70018RBT9<br>LEI: 549300QFFTZ0K7V16U14 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $50000000.00  | 0.35%             | 2026-01-09      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                    | CORP INV 4.15                                          | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | RA               | CORP              | FR        |  51000000 | PA      | $51000000.00  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America NA                                     | Bank of America NA                                     | CUSIP: 06054RBF8<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | STIV             | CORP              | US        | 125000000 | PA      | $125000000.00 | 0.87%             | 2026-03-18      | Variable      | 4.42%                 | No            |                  2 | On Loan: No      |
| DNB BANK ASA                                           | DNB Bank ASA                                           | CUSIP: 2332K0YA4<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        | 125000000 | PA      | $124390277.78 | 0.86%             | 2025-11-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                                  | EQTY 4.49                                              | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |  50000000 | PA      | $50000000.00  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Industriel et Commercial/New York               | Credit Industriel et Commercial/New York               | CUSIP: 22536WMU7<br>LEI: N4JDFKKH2FTD8RKFXO39 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $50000000.00  | 0.35%             | 2026-05-14      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO BANK NA                                    | Wells Fargo Bank NA                                    | CUSIP: 95001KTJ3<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | STIV             | CORP              | US        |  81000000 | PA      | $81000000.00  | 0.56%             | 2026-06-03      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                    | EQTY 4.37                                              | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | RA               | CORP              | FR        |  69000000 | PA      | $69000000.00  | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                          | HSBC Bank PLC                                          | CUSIP: 40433FVU0<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | STIV             | CORP              | GB        |  75000000 | PA      | $75000000.00  | 0.52%             | 2026-08-11      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BK AUSTRALI                               | Commonwealth Bank of Australia                         | CUSIP: 20272FCH6<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | STIV             | CORP              | AU        |  33750000 | PA      | $33750000.00  | 0.23%             | 2026-05-11      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| AQUITAINE FUNDING CO LLC                               | Aquitaine Funding Co LLC                               | CUSIP: 03843LX11<br>LEI: 549300RM1I17W1XLUM92 | Long             | STIV             | CORP              | US        | 123000000 | PA      | $123000000.00 | 0.85%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMP BK COMM NY                                | Canadian Imperial Bank of Commerce/New York NY         | CUSIP: 13606DEZ1<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |  75000000 | PA      | $75000000.00  | 0.52%             | 2026-02-11      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| NORDEA BANK ABP NEW YORK                               | Nordea Bank Abp/New York NY                            | CUSIP: 65558WMB1<br>LEI: 529900ODI3047E2LIV03 | Long             | STIV             | CORP              | FI        | 100000000 | PA      | $100000000.00 | 0.69%             | 2026-04-10      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                 | Canadian Imperial Bank of Commerce                     | CUSIP: 13606DDL3<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | STIV             | CORP              | CA        | 100000000 | PA      | $100000000.00 | 0.69%             | 2025-12-22      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                    | TRSY 4.2                                               | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | RA               | CORP              | FR        |  25000000 | PA      | $25000000.00  | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Agricole Securities USA, Inc.                   | TRSY 4.2                                               | CUSIP: 000000000<br>LEI: 549300WO2DKF0Q3YMV43 | Long             | RA               | CORP              | US        |  80000000 | PA      | $80000000.00  | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                   | Westpac Banking Corp                                   | CUSIP: 9612C46Y2<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        |  29000000 | PA      | $28996980.56  | 0.20%             | 2026-03-05      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| BPCE                                                   | BPCE SA                                                | CUSIP: 05571CB34<br>LEI: 9695005MSX1OYEMGDF46 | Long             | STIV             | CORP              | FR        | 175000000 | PA      | $172453993.06 | 1.20%             | 2026-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                            | Citibank NA                                            | CUSIP: 17330QJF5<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | STIV             | CORP              | US        |  70250000 | PA      | $70250000.00  | 0.49%             | 2025-12-10      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI BANK NY                                | Sumitomo Mitsui Banking Corp/New York                  | CUSIP: 86565GNN6<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |  75000000 | PA      | $75000000.00  | 0.52%             | 2025-11-18      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                         | AGCY 4.2                                               | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | RA               | CORP              | US        |  29169000 | PA      | $29169000.00  | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC NY                                   | Barclays Bank PLC/NY                                   | CUSIP: 06745GCH2<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |  90000000 | PA      | $90000000.00  | 0.62%             | 2025-12-31      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA/NY                            | Cooperatieve Rabobank UA/NY                            | CUSIP: 21684XX84<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | STIV             | CORP              | NL        |  40000000 | PA      | $40000000.00  | 0.28%             | 2025-11-13      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| BENNINGTON STARK CAP CO                                | Bennington Stark Capital Co LLC                        | CUSIP: 08224LYD2<br>LEI: 549300PGDCWK6DU9QM65 | Long             | STIV             | CORP              | US        |  97000000 | PA      | $96497162.78  | 0.67%             | 2025-11-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                    | CORP INV 4.15                                          | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | RA               | CORP              | FR        | 130000000 | PA      | $130000000.00 | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                               | Svenska Handelsbanken/New York NY                      | CUSIP: 86959TNS1<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |  33750000 | PA      | $33750000.00  | 0.23%             | 2026-05-15      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                               | Toyota Motor Credit Corp                               | CUSIP: 89236TND3<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  70000000 | PA      | $70000000.00  | 0.49%             | 2026-02-24      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| BANQUE NATIONALE DU CANADA                             | National Bank of Canada                                | CUSIP: 000000000<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        | 150000000 | PA      | $150000000.00 | 1.04%             | 2025-10-07      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Natixis SA/New York NY                                 | Natixis SA/New York NY                                 | CUSIP: 63873Q6R0<br>LEI: 2549003L5ZG5M2ZSE107 | Long             | STIV             | CORP              | FR        | 125000000 | PA      | $125000000.00 | 0.87%             | 2025-11-06      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Scotia Capital USA, Inc.                               | SCOTIA CAPITAL (USA)                                   | CUSIP: 000000000<br>LEI: 549300BLWPABP1VNME36 | Long             | RA               | CORP              | US        | 100000000 | PA      | $100000000.00 | 0.69%             |  |  |  | No            |                  2 | On Loan: No      |
| LEGACY CAPITAL LLC                                     | Legacy Capital Co LLC                                  | CUSIP: 52473GEZ2<br>LEI: 549300R17K287CL1GQ68 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $50000000.00  | 0.35%             | 2026-03-12      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                    | CORP INV 4.15                                          | CUSIP: 000000000<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | RA               | CORP              | FR        | 170000000 | PA      | $170000000.00 | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| ING BANK NV                                            | ING BANK NV                                            | CUSIP: 000000000<br>LEI: 3TK20IVIUJ8J3ZU0QE75 | Long             | STIV             | CORP              | HK        | 150000000 | PA      | $150000000.00 | 1.04%             | 2025-10-02      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK UK PLC                                   | Barclays Bank UK PLC                                   | CUSIP: 06744QX21<br>LEI: 213800UUGANOMFJ9X769 | Long             | STIV             | CORP              | GB        |  50000000 | PA      | $49994277.78  | 0.35%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER CENTRAL HISPAN                         | Banco Santander Central Hispano SA                     | CUSIP: 000000000<br>LEI: 549300D1H731B30TSI43 | Long             | STIV             | CORP              | US        |  50000000 | PA      | $50000000.00  | 0.35%             | 2025-10-03      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| ING (US) FUNDING LLC                                   | ING US Funding LLC                                     | CUSIP: 44988GGM4<br>LEI: 254900QX5Y2ZDZ6XBT08 | Long             | STIV             | CORP              | US        |  75000000 | PA      | $74999971.29  | 0.52%             | 2026-04-28      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| SKANDINAV ENSKILDA BANK                                | Skandinaviska Enskilda Banken AB                       | CUSIP: 83050WRX4<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | STIV             | CORP              | SE        |  71500000 | PA      | $71500000.00  | 0.50%             | 2026-03-27      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANK PLC                                        | Lloyds Bank PLC                                        | CUSIP: 53943FXP5<br>LEI: H7FNTJ4851HG0EXQ1Z70 | Long             | STIV             | CORP              | GB        | 128000000 | PA      | $127662080.00 | 0.89%             | 2025-10-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Landesbank Baden-Wuerttemberg/New York NY              | Landesbank Baden-Wuerttemberg/New York NY              | CUSIP: 51502BBP5<br>LEI: B81CK4ESI35472RHJ606 | Long             | STIV             | CORP              | DE        | 195000000 | PA      | $195000000.00 | 1.35%             | 2025-10-07      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| SKANDINAV ENSKILDA BANK                                | Skandinaviska Enskilda Banken AB                       | CUSIP: 83050WRV8<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | STIV             | CORP              | SE        |  64000000 | PA      | $64000000.00  | 0.44%             | 2026-04-22      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| KBC BANK NV                                            | KBC BANK NV                                            | CUSIP: 000000000<br>LEI: 6B2PBRV1FCJDMR45RZ53 | Long             | STIV             | CORP              | GB        | 550000000 | PA      | $550000000.00 | 3.82%             | 2025-10-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| BNP Paribas Securities Corp.                           | CORP INV 4.32                                          | CUSIP: 000000000<br>LEI: RCNB6OTYUAMMP879YW96 | Long             | RA               | CORP              | US        |  43000000 | PA      | $43000000.00  | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                                  | MTGE 4.21                                              | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |  60000000 | PA      | $60000000.00  | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                         | EQTY 4.43                                              | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | Long             | RA               | CORP              | US        |  50000000 | PA      | $50000000.00  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| BPCE                                                   | BPCE SA                                                | CUSIP: 05571BYA5<br>LEI: 9695005MSX1OYEMGDF46 | Long             | STIV             | CORP              | FR        | 100000000 | PA      | $99512222.22  | 0.69%             | 2025-11-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TD Securities, Inc.                                    | CORP INV 4.16                                          | CUSIP: 000000000<br>LEI: 5493006RJSLS5DA4PD75 | Long             | RA               | CORP              | US        | 154000000 | PA      | $154000000.00 | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                   | Royal Bank of Canada                                   | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | CA        | 275000000 | PA      | $275000000.00 | 1.91%             | 2025-10-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CREDIT INDUST ET COMM NY                               | Credit Industriel et Commercial/New York               | CUSIP: 22536WCL8<br>LEI: N4JDFKKH2FTD8RKFXO39 | Long             | STIV             | CORP              | FR        | 100000000 | PA      | $100000000.00 | 0.69%             | 2025-10-14      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | TRSY 4.2                                               | CUSIP: 000000000<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | RA               | CORP              | US        | 250000000 | PA      | $250000000.00 | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                                   | Westpac Banking Corp                                   | CUSIP: 9612C46U0<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        | 100000000 | PA      | $100000000.00 | 0.69%             | 2026-02-04      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | EQTY 4.64                                              | CUSIP: 000000000<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | RA               | CORP              | US        |  83000000 | PA      | $83000000.00  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco Santander SA/New York                            | Banco Santander SA/New York                            | CUSIP: 05973REM0<br>LEI: 5493006QMFDDMYWIAM13 | Long             | STIV             | CORP              | ES        |  55000000 | PA      | $55000000.00  | 0.38%             | 2025-11-13      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| Mizuho Bank Ltd/New York NY                            | Mizuho Bank Ltd/New York NY                            | CUSIP: 60710T5B3<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | US        | 100000000 | PA      | $100000000.00 | 0.69%             | 2025-10-02      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK N.V.                                     | ABN AMRO Bank NV                                       | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | STIV             | CORP              | NL        | 175000000 | PA      | $175000000.00 | 1.21%             | 2025-10-07      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BK                                    | TORONTO DOMINION BK                                    | CUSIP: 89115DPT7<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | US        |  70000000 | PA      | $70000000.00  | 0.49%             | 2025-11-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Credit Agricole Corporate and Investment Bank/New York | Credit Agricole Corporate and Investment Bank/New York | CUSIP: 22536JYT6<br>LEI: 254900BN8XS34XZDJ223 | Long             | STIV             | CORP              | US        |  40000000 | PA      | $40000000.00  | 0.28%             | 2026-02-02      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC NY                                   | Barclays Bank PLC/NY                                   | CUSIP: 06745GCM1<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |  75000000 | PA      | $75000000.00  | 0.52%             | 2025-11-19      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI BANK NY                                | Sumitomo Mitsui Banking Corp/New York                  | CUSIP: 86565GRN2<br>LEI: 549300MS3WYYVQ4HXM15 | Long             | STIV             | CORP              | JP        |  51500000 | PA      | $51499916.46  | 0.36%             | 2026-01-30      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK NY                               | Toronto-Dominion Bank/NY                               | CUSIP: 89115DS72<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |  87750000 | PA      | $87750000.00  | 0.61%             | 2026-03-25      | Floating      | 4.43%                 | No            |                  2 | On Loan: No      |
| Credit Industriel et Commercial/New York               | Credit Industriel et Commercial/New York               | CUSIP: 22536WLP9<br>LEI: N4JDFKKH2FTD8RKFXO39 | Long             | STIV             | CORP              | US        |  63750000 | PA      | $63750000.00  | 0.44%             | 2026-02-17      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| BANQUE NATIONALE DU CANADA                             | National Bank of Canada                                | CUSIP: 000000000<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        | 100000000 | PA      | $100000000.00 | 0.69%             | 2025-10-02      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Mizuho Bank Ltd/New York NY                            | Mizuho Bank Ltd/New York NY                            | CUSIP: 60710TP21<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | US        | 125000000 | PA      | $125000000.00 | 0.87%             | 2025-10-23      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN NY                               | Svenska Handelsbanken/New York NY                      | CUSIP: 86959TQA7<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | SE        |  55000000 | PA      | $55000000.00  | 0.38%             | 2026-07-23      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BK AUSTRALI                               | Commonwealth Bank of Australia                         | CUSIP: 20272FAV7<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | STIV             | CORP              | AU        | 160000000 | PA      | $160000000.00 | 1.11%             | 2026-01-23      | Floating      | 4.39%                 | No            |                  2 | On Loan: No      |
| TORONTO DOMINION BANK NY                               | Toronto-Dominion Bank/NY                               | CUSIP: 89115DRU2<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        | 125000000 | PA      | $125000000.00 | 0.87%             | 2026-02-13      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                | National Bank of Canada                                | CUSIP: 63307MDV8<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | STIV             | CORP              | CA        | 100000000 | PA      | $97620000.00  | 0.68%             | 2026-04-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                                  | EQTY 4.78                                              | CUSIP: 000000000<br>LEI: 549300HN4UKV1E2R3U73 | Long             | RA               | CORP              | US        |  40000000 | PA      | $40000000.00  | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                                | Australia & New Zealand Banking Group Ltd              | CUSIP: 05253MZU1<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | STIV             | CORP              | AU        | 152000000 | PA      | $152000000.00 | 1.05%             | 2026-04-20      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Concord Minutemen Capital Co LLC                       | Concord Minutemen Capital Co LLC                       | CUSIP: 2063C0X15<br>LEI: 549300B4YYZ4SNU1JB49 | Long             | STIV             | CORP              | US        |  80000000 | PA      | $80000000.00  | 0.56%             | 2025-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HSBC BANK PLC                                          | HSBC Bank PLC                                          | CUSIP: 40433FVR7<br>LEI: MP6I5ZYZBEU3UXPYFY54 | Long             | STIV             | CORP              | GB        |  45000000 | PA      | $45000000.00  | 0.31%             | 2026-08-04      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK N.V.                                     | ABN AMRO Bank NV                                       | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | STIV             | CORP              | NL        | 300000000 | PA      | $300000000.00 | 2.08%             | 2025-10-01      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                                | Australia & New Zealand Banking Group Ltd              | CUSIP: 05253MZC1<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | STIV             | CORP              | AU        |  37000000 | PA      | $37002761.66  | 0.26%             | 2026-01-02      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA/NY                            | Cooperatieve Rabobank UA/NY                            | CUSIP: 21684XY67<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | STIV             | CORP              | NL        | 108000000 | PA      | $108000000.00 | 0.75%             | 2025-12-03      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| SVENSKA HANDELSBANKEN                                  | Svenska Handelsbanken AB                               | CUSIP: 000000000<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | STIV             | CORP              | US        | 200000000 | PA      | $200000000.00 | 1.39%             | 2025-10-01      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| Mizuho Bank Ltd/New York NY                            | Mizuho Bank Ltd/New York NY                            | CUSIP: 60710T2X8<br>LEI: RB0PEZSDGCO3JS6CEU02 | Long             | STIV             | CORP              | US        | 100000000 | PA      | $100000000.00 | 0.69%             | 2026-02-10      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                   | CORP INV 4.38                                          | CUSIP: 000000000<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | RA               | CORP              | US        |  50000000 | PA      | $50000000.00  | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALI BANK L                               | National Australia Bank Ltd                            | CUSIP: 63254GS63<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | STIV             | CORP              | AU        |  50000000 | PA      | $49997799.58  | 0.35%             | 2025-10-21      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| PARK AVE COLL NOTES                                    | Park Avenue Collateralized Notes Co LLC                | CUSIP: 70018RBR3<br>LEI: 549300QFFTZ0K7V16U14 | Long             | STIV             | CORP              | US        | 100000000 | PA      | $100000000.00 | 0.69%             | 2026-01-08      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA                                        | BANK OF AMERICA                                        | CUSIP: 06051WVT8<br>LEI: 549300HN4UKV1E2R3U73 | Long             | STIV             | CORP              | US        |  75000000 | PA      | $75000000.00  | 0.52%             | 2026-07-08      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                   | Royal Bank of Canada                                   | CUSIP: 78013WB25<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | CA        |  98500000 | PA      | $97039409.17  | 0.67%             | 2026-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** State Street Navigator Securities Lending Trust

**Signature:** Arthur Jensen

**Name of Signer:** Arthur Jensen

**Title:** Deputy Treasurer