# EDGAR Filing Document

**Accession Number:** 0000873803
**File Stem:** 0001410368-26-008508
**Filing Date:** 2026-1
**Character Count:** 468520
**Document Hash:** ccd1812880b92d3a19bc6311cf3a6f85
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-008508.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0001410368-26-008508

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UBS INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000873803

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06292
- **FILM NUMBER:** 26570611

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) LLC
- **STREET 2:** 1285 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **BUSINESS PHONE:** 212-821-3000

**MAIL ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) LLC
- **STREET 2:** 1285 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BRINSON INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 20010625

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PAINEWEBBER INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19960511

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KIDDER PEABODY INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### UBS U.S. Allocation Fund (Series ID: S000002487)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000006689 | Class A      | PWTAX           |
| C000006692 | Class P      | PWTYX           |

## Nport-Ex

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Number of**<br>**shares** | **Value** |
|  **Common stocks** — **59.1%** |  |  |
|  **Aerospace & defense** — **1.2%** |  |  |
|  Axon Enterprise, Inc.\* | 62 | $33489 |
|  Boeing Co.\* | 4001 | 756189 |
|  General Dynamics Corp. | 214 | 73109 |
|  General Electric Co. | 884 | 263830 |
|  Howmet Aerospace, Inc. | 338 | 69151 |
|  Huntington Ingalls Industries, Inc. | 35 | 10977 |
|  L3Harris Technologies, Inc. | 158 | 44033 |
|  Lockheed Martin Corp. | 170 | 77836 |
|  Northrop Grumman Corp. | 1777 | 1016888 |
|  RTX Corp. | 1118 | 195549 |
|  Textron, Inc. | 174 | 14470 |
|  TransDigm Group, Inc. | 47 | 63928 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2619449 |
|  **Air freight & logistics** — **0.1%** |  |  |
|  CH Robinson Worldwide, Inc. | 108 | 17158 |
|  Expeditors International of Washington, Inc. | 127 | 18656 |
|  FedEx Corp. | 190 | 52379 |
|  United Parcel Service, Inc., Class B | 592 | 56708 |
|  |  | 144901 |
|  **Automobile components** — **0.3%** |  |  |
|  Aptiv PLC\* | 9978 | 773794 |
|  **Automobiles** — **0.8%** |  |  |
|  Ford Motor Co. | 3340 | 44355 |
|  General Motors Co. | 810 | 59551 |
|  Tesla, Inc.\* | 3851 | 1656585 |
|  |  | 1760491 |
|  **Banks** — **2.0%** |  |  |
|  Bank of America Corp. | 6781 | 363801 |
|  Citigroup, Inc. | 1860 | 192696 |
|  Citizens Financial Group, Inc. | 351 | 18989 |
|  Fifth Third Bancorp | 639 | 27771 |
|  First Citizens BancShares, Inc., Class A | 469 | 880731 |
|  First Horizon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;41056 | 917191 |
|  Huntington Bancshares, Inc. | 1568 | 25558 |
|  JPMorgan Chase & Co. | 2729 | 854395 |
|  KeyCorp | 998 | 18343 |
|  M&T Bank Corp. | 160 | 30435 |
|  PNC Financial Services Group, Inc. | 406 | 77432 |
|  Regions Financial Corp. | 816 | 20767 |
|  Truist Financial Corp. | 1283 | 59660 |
|  U.S. Bancorp | 1582 | 77597 |
|  Wells Fargo & Co. | 12501 | 1073211 |
|  |  | 4638577 |
|  **Beverages** — **0.1%** |  |  |
|  Celsius Holdings, Inc.\* | 5118 | 209531 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Number of**<br>**shares** | **Value** |
|  **Common stocks** — **(continued)** |  |  |
|  **Biotechnology** — **0.4%** |  |  |
|  AbbVie, Inc. | 1487 | $338590 |
|  Amgen, Inc. | 456 | 157530 |
|  Biogen, Inc.\* | 125 | 22761 |
|  Gilead Sciences, Inc. | 1045 | 131503 |
|  Incyte Corp.\* | 113 | 11804 |
|  Moderna, Inc.\*,<sup>1</sup> | 300 | 7794 |
|  Regeneron Pharmaceuticals, Inc. | 86 | 67096 |
|  Vertex Pharmaceuticals, Inc.\* | 214 | 92793 |
|  |  | 829871 |
|  **Broadline retail** — **3.1%** |  |  |
|  Amazon.com, Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;29640 | 6912641 |
|  eBay, Inc. | 363 | 30053 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;6942694 |
|  **Building products** — **1.1%** |  |  |
|  A.O. Smith Corp. | 133 | 8775 |
|  Advanced Drainage Systems, Inc. | 5341 | 813862 |
|  Allegion PLC | 79 | 13116 |
|  Builders FirstSource, Inc.\* | 104 | 11672 |
|  Carrier Global Corp. | 636 | 34904 |
|  Johnson Controls International PLC | 6827 | 794048 |
|  Lennox International, Inc. | 25 | 12472 |
|  Masco Corp. | 155 | 10055 |
|  Owens Corning | 6718 | 760746 |
|  Trane Technologies PLC | 187 | 78817 |
|  |  | 2538467 |
|  **Capital markets** — **1.4%** |  |  |
|  Ameriprise Financial, Inc. | 94 | 42840 |
|  Bank of New York Mellon Corp. | 677 | 75892 |
|  Blackrock, Inc. | 1038 | 1087097 |
|  Blackstone, Inc. | 734 | 107472 |
|  Cboe Global Markets, Inc. | 109 | 28141 |
|  Charles Schwab Corp. | 1679 | 155694 |
|  CME Group, Inc. | 355 | 99918 |
|  Coinbase Global, Inc., Class A\* | 225 | 61384 |
|  FactSet Research Systems, Inc.<sup>1</sup> | 47 | 13032 |
|  Franklin Resources, Inc. | 218 | 4925 |
|  Goldman Sachs Group, Inc. | 297 | 245334 |
|  Interactive Brokers Group, Inc., Class A | 453 | 29454 |
|  Intercontinental Exchange, Inc. | 571 | 89818 |
|  Invesco Ltd. | 391 | 9560 |
|  KKR & Co., Inc. | 691 | 84516 |
|  Moody's Corp. | 157 | 77052 |
|  Morgan Stanley | 1206 | 204610 |
|  MSCI, Inc. | 79 | 44534 |
|  Nasdaq, Inc. | 414 | 37641 |
|  Northern Trust Corp. | 185 | 24298 |
|  Raymond James Financial, Inc. | 194 | 30369 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Number of**<br>**shares** | **Value** |
|  **Common stocks** — **(continued)** |  |  |
|  **Capital markets** — **(concluded)** |  |  |
|  Robinhood Markets, Inc., Class A\* | 785 | $100865 |
|  S&P Global, Inc. | 1137 | 567170 |
|  State Street Corp. | 272 | 32373 |
| T. Rowe Price Group, Inc. | 193 | 19759 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3273748 |
|  **Chemicals** — **0.6%** |  |  |
|  Air Products & Chemicals, Inc. | 71 | 18534 |
|  Albemarle Corp. | 38 | 4940 |
|  CF Industries Holdings, Inc. | 60 | 4722 |
|  Corteva, Inc. | 238 | 16058 |
|  Dow, Inc. | 260 | 6201 |
|  DuPont de Nemours, Inc. | 147 | 5846 |
|  Ecolab, Inc. | 74 | 20362 |
|  International Flavors & Fragrances, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12434 | 863914 |
|  Linde PLC | 154 | 63189 |
|  LyondellBasell Industries NV, Class A | 111 | 5438 |
|  Mosaic Co. | 193 | 4727 |
|  PPG Industries, Inc. | 52 | 5202 |
|  Sherwin-Williams Co. | 69 | 23715 |
|  Westlake Corp.<sup>1</sup> | 5863 | 391707 |
|  |  | 1434555 |
|  **Commercial services & supplies** — **0.3%** |  |  |
|  Cintas Corp. | 278 | 51714 |
|  Copart, Inc.\* | 778 | 30326 |
|  Republic Services, Inc. | 195 | 42327 |
|  Rollins, Inc. | 203 | 12480 |
|  Veralto Corp. | 185 | 18726 |
|  Waste Management, Inc. | 2533 | 551865 |
|  |  | 707438 |
|  **Communications equipment** — **0.5%** |  |  |
|  Arista Networks, Inc.\* | 6892 | 900646 |
|  Cisco Systems, Inc. | 3432 | 264058 |
|  F5, Inc.\* | 57 | 13632 |
|  Motorola Solutions, Inc. | 145 | 53604 |
|  |  | 1231940 |
|  **Construction & engineering** — **0.0%<sup>†</sup>** |  |  |
|  EMCOR Group, Inc. | 34 | 20912 |
|  Quanta Services, Inc. | 128 | 59505 |
|  |  | 80417 |
|  **Construction materials** — **0.3%** |  |  |
|  Martin Marietta Materials, Inc. | 12 | 7479 |
|  Vulcan Materials Co. | 2106 | 625987 |
|  |  | 633466 |
|  **Consumer finance** — **1.0%** |  |  |
|  American Express Co. | 539 | 196881 |
|  Capital One Financial Corp. | 9161 | 2006900 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Number of**<br>**shares** | **Value** |
|  **Common stocks** — **(continued)** |  |  |
|  **Consumer finance** — **(concluded)** |  |  |
|  Synchrony Financial | 384 | $29706 |
|  |  | 2233487 |
|  **Consumer staples distribution & retail** — **0.7%** |  |  |
|  Dollar General Corp. | 6964 | 762488 |
|  Walmart, Inc. | 6453 | 713121 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1475609 |
|  **Containers & packaging** — **0.0%<sup>†</sup>** |  |  |
|  Amcor PLC | 688 | 5862 |
|  Ball Corp. | 108 | 5349 |
|  International Paper Co. | 186 | 7343 |
|  Smurfit WestRock PLC | 190 | 6781 |
|  |  | 25335 |
|  **Distributors** — **0.0%<sup>†</sup>** |  |  |
|  Genuine Parts Co. | 130 | 16952 |
|  LKQ Corp. | 196 | 5819 |
|  Pool Corp. | 32 | 7795 |
|  |  | 30566 |
|  **Diversified telecommunication services** — **0.1%** |  |  |
|  AT&T, Inc. | 6646 | 172929 |
|  Verizon Communications, Inc. | 3931 | 161603 |
|  |  | 334532 |
|  **Electric utilities** — **1.3%** |  |  |
|  Alliant Energy Corp. | 494 | 34318 |
|  American Electric Power Co., Inc. | 1042 | 128968 |
|  Constellation Energy Corp. | 597 | 217523 |
|  Duke Energy Corp. | 1514 | 187645 |
|  Edison International | 714 | 42047 |
|  Entergy Corp. | 868 | 84647 |
|  Evergy, Inc. | 404 | 31371 |
|  Eversource Energy | 708 | 47563 |
|  Exelon Corp. | 1992 | 93863 |
|  FirstEnergy Corp. | 1023 | 48818 |
|  NextEra Energy, Inc. | 18126 | 1564093 |
|  NRG Energy, Inc. | 377 | 63898 |
|  PG&E Corp. | 4206 | 67801 |
|  Pinnacle West Capital Corp. | 244 | 22170 |
|  PPL Corp. | 1355 | 50000 |
|  Southern Co. | 2112 | 192445 |
|  Xcel Energy, Inc. | 1156 | 94919 |
|  |  | 2972089 |
|  **Electrical equipment** — **0.9%** |  |  |
|  AMETEK, Inc. | 181 | 35818 |
|  Eaton Corp. PLC | 2522 | 872335 |
|  Emerson Electric Co. | 463 | 61755 |
|  GE Vernova, Inc. | 226 | 135548 |
|  Generac Holdings, Inc.\* | 56 | 8491 |
|  Hubbell, Inc. | 48 | 20709 |
|  Regal Rexnord Corp. | 5758 | 840610 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Number of**<br>**shares** | **Value** |
|  **Common stocks** — **(continued)** |  |  |
|  **Electrical equipment** — **(concluded)** |  |  |
|  Rockwell Automation, Inc. | 92 | $36419 |
|  |  | 2011685 |
|  **Electronic equipment, instruments & components** — **0.2%** |  |  |
|  Amphenol Corp., Class A | 1070 | 150763 |
|  CDW Corp. | 106 | 15287 |
|  Corning, Inc. | 698 | 58772 |
|  Jabil, Inc. | 100 | 21071 |
|  Keysight Technologies, Inc.\* | 154 | 30484 |
|  TE Connectivity PLC | 273 | 61739 |
|  Teledyne Technologies, Inc.\* | 53 | 26475 |
|  Trimble, Inc.\* | 183 | 14900 |
|  Zebra Technologies Corp., Class A\* | 56 | 14154 |
|  |  | 393645 |
|  **Energy equipment & services** — **0.0%<sup>†</sup>** |  |  |
|  Baker Hughes Co. | 541 | 27158 |
|  Halliburton Co. | 478 | 12533 |
|  SLB Ltd. | 818 | 29645 |
|  |  | 69336 |
|  **Entertainment** — **1.7%** |  |  |
|  Electronic Arts, Inc. | 211 | 42628 |
|  Liberty Media Corp./Liberty Formula One, Class C\* | 5618 | 539216 |
|  Live Nation Entertainment, Inc.\*,<sup>1</sup> | 165 | 21689 |
|  Netflix, Inc.\* | 4033 | 433870 |
|  Spotify Technology SA\* | 1080 | 646780 |
|  Take-Two Interactive Software, Inc.\* | 4184 | 1029557 |
|  TKO Group Holdings, Inc. | 69 | 13378 |
|  Walt Disney Co. | &nbsp;&nbsp;&nbsp;&nbsp;11191 | 1169124 |
|  Warner Bros Discovery, Inc.\* | 2277 | 54648 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;3950890 |
|  **Financial services** — **3.3%** |  |  |
|  Apollo Global Management, Inc. | 5628 | 742052 |
|  Berkshire Hathaway, Inc., Class B\* | 4641 | 2384592 |
|  Block, Inc.\* | 544 | 36339 |
|  Corpay, Inc.\* | 80 | 23664 |
|  Fidelity National Information Services, Inc. | 478 | 31438 |
|  Fiserv, Inc.\* | 521 | 32026 |
|  Global Payments, Inc. | 211 | 15986 |
|  Jack Henry & Associates, Inc. | 3763 | 656568 |
|  Klarna Group PLC\* | 6222 | 195807 |
|  Mastercard, Inc., Class A | 3425 | 1885565 |
|  PayPal Holdings, Inc. | 967 | 60621 |
|  Visa, Inc., Class A | 1677 | 560856 |
|  Voya Financial, Inc. | 11307 | 794882 |
|  |  | 7420396 |
|  **Food products** — **0.3%** |  |  |
|  Kraft Heinz Co. | 28976 | 739178 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Number of**<br>**shares** | **Value** |
|  **Common stocks** — **(continued)** |  |  |
|  **Gas utilities** — **0.0%<sup>†</sup>** |  |  |
|  Atmos Energy Corp. | 309 | $54498 |
|  **Ground transportation** — **0.3%** |  |  |
|  CSX Corp. | 1545 | 54631 |
|  JB Hunt Transport Services, Inc. | 36 | 6263 |
|  Lyft, Inc., Class A\* | 16447 | 345880 |
|  Norfolk Southern Corp. | 190 | 55497 |
|  Old Dominion Freight Line, Inc. | 177 | 23946 |
|  Uber Technologies, Inc.\* | 1740 | 152320 |
|  Union Pacific Corp. | 502 | 116379 |
|  |  | 754916 |
|  **Health care equipment & supplies** — **1.1%** |  |  |
|  Abbott Laboratories | 1447 | 186518 |
|  ABIOMED, Inc.\*,<sup>2</sup> | 76 | 127 |
|  Align Technology, Inc.\* | 65 | 9567 |
|  Baxter International, Inc.<sup>1</sup> | 301 | 5641 |
|  Becton Dickinson & Co. | 225 | 43655 |
|  Boston Scientific Corp.\* | 6831 | 693893 |
|  Cooper Cos., Inc.\* | &nbsp;&nbsp;&nbsp;&nbsp;10222 | 796601 |
|  Dexcom, Inc.\* | 330 | 20945 |
|  Edwards Lifesciences Corp.\* | 512 | 44375 |
|  GE HealthCare Technologies, Inc. | 377 | 30156 |
|  Hologic, Inc.\* | 192 | 14394 |
|  IDEXX Laboratories, Inc.\* | 72 | 54207 |
|  Insulet Corp.\* | 65 | 21267 |
|  Intuitive Surgical, Inc.\* | 294 | 168603 |
|  Medtronic PLC | 1063 | 111966 |
|  ResMed, Inc. | 131 | 33514 |
|  Solventum Corp.\* | 140 | 11936 |
|  STERIS PLC | 88 | 23433 |
|  Stryker Corp. | 284 | 105415 |
|  Zimmer Biomet Holdings, Inc.<sup>1</sup> | 174 | 16969 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2393182 |
|  **Health care providers & services** — **0.7%** |  |  |
|  Cardinal Health, Inc. | 205 | 43513 |
|  Cencora, Inc. | 152 | 56077 |
|  Centene Corp.\* | 384 | 15107 |
|  Cigna Group | 222 | 61556 |
|  CVS Health Corp. | 1043 | 83816 |
|  DaVita, Inc.\* | 40 | 4787 |
|  Elevance Health, Inc. | 183 | 61902 |
|  HCA Healthcare, Inc. | 141 | 71669 |
|  Henry Schein, Inc.\* | 102 | 7606 |
|  Humana, Inc. | 107 | 26297 |
|  Labcorp Holdings, Inc. | 77 | 20696 |
|  McKesson Corp. | 105 | 92518 |
|  Molina Healthcare, Inc.\* | 42 | 6227 |
|  Quest Diagnostics, Inc. | 90 | 17026 |
|  UnitedHealth Group, Inc. | 3302 | 1088901 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Number of**<br>**shares** | **Value** |
|  **Common stocks** — **(continued)** |  |  |
|  **Health care providers & services** — **(concluded)** |  |  |
|  Universal Health Services, Inc., Class B | 45 | $10963 |
|  |  | 1668661 |
|  **Health care REITs** — **0.2%** |  |  |
|  Welltower, Inc. | 2597 | 540747 |
|  **Hotels, restaurants & leisure** — **0.6%** |  |  |
|  Airbnb, Inc., Class A\* | 346 | 40479 |
|  Booking Holdings, Inc. | 28 | 137611 |
|  Carnival Corp.\*,<sup>1</sup> | 892 | 22996 |
|  Chipotle Mexican Grill, Inc.\* | 1122 | 38731 |
|  Darden Restaurants, Inc. | 110 | 19754 |
|  Domino's Pizza, Inc. | 22 | 9232 |
|  DoorDash, Inc., Class A\* | 296 | 58718 |
|  Expedia Group, Inc. | 105 | 26847 |
|  Hilton Worldwide Holdings, Inc. | 190 | 54156 |
|  Las Vegas Sands Corp. | 258 | 17585 |
|  Marriott International, Inc., Class A | 179 | 54557 |
|  McDonald's Corp. | 600 | 187092 |
|  MGM Resorts International\* | 139 | 4905 |
|  Norwegian Cruise Line Holdings Ltd.\* | 360 | 6646 |
|  Royal Caribbean Cruises Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2006 | 534097 |
|  Starbucks Corp. | 945 | 82319 |
|  Wynn Resorts Ltd. | 75 | 9651 |
|  Yum! Brands, Inc. | 223 | 34166 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1339542 |
|  **Household durables** — **0.1%** |  |  |
|  DR Horton, Inc. | 225 | 35777 |
|  Garmin Ltd. | 126 | 24610 |
|  Lennar Corp., Class A | 172 | 22584 |
|  Mohawk Industries, Inc.\* | 38 | 4404 |
|  NVR, Inc.\* | 3 | 22522 |
|  PulteGroup, Inc. | 151 | 19206 |
|  |  | 129103 |
|  **Independent power and renewable electricity producers** — **0.1%** | **Independent power and renewable electricity producers** — **0.1%** |  |
|  AES Corp. | 1218 | 17125 |
|  Vistra Corp. | 600 | 107316 |
|  |  | 124441 |
|  **Industrial conglomerates** — **0.1%** |  |  |
|  3M Co. | 447 | 76906 |
|  Honeywell International, Inc. | 519 | 99747 |
|  |  | 176653 |
|  **Industrial REITs** — **0.4%** |  |  |
|  Prologis, Inc. | 7083 | 910378 |
|  **Insurance** — **1.1%** |  |  |
|  Aflac, Inc. | 438 | 48316 |
|  Allstate Corp. | 270 | 57505 |
|  American International Group, Inc. | 545 | 41507 |
|  Aon PLC, Class A | 216 | 76447 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Number of**<br>**shares** | **Value** |
|  **Common stocks** — **(continued)** |  |  |
|  **Insurance** — **(concluded)** |  |  |
|  Arch Capital Group Ltd.\* | 362 | $33999 |
|  Arthur J Gallagher & Co. | 260 | 64381 |
|  Assurant, Inc. | 67 | 15287 |
|  Brown & Brown, Inc. | 261 | 20992 |
|  Chubb Ltd. | 363 | 107513 |
|  Cincinnati Financial Corp. | 165 | 27652 |
|  Erie Indemnity Co., Class A | 26 | 7683 |
|  Everest Group Ltd. | 49 | 15400 |
|  Globe Life, Inc. | 84 | 11317 |
|  Hartford Insurance Group, Inc. | 257 | 35217 |
|  Loews Corp. | 131 | 14131 |
|  Marsh & McLennan Cos., Inc. | 4219 | 773976 |
|  MetLife, Inc. | 541 | 41419 |
|  Principal Financial Group, Inc. | 232 | 19678 |
|  Progressive Corp. | 4117 | 941929 |
|  Prudential Financial, Inc. | 347 | 37563 |
|  Travelers Cos., Inc. | 220 | 64429 |
|  W.R. Berkley Corp. | 257 | 19966 |
|  Willis Towers Watson PLC | 103 | 33063 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;2509370 |
|  **Interactive media & services** — **5.3%** |  |  |
|  Alphabet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp;22117 | 7081421 |
|  Alphabet, Inc., Class C | 4439 | 1421013 |
|  Match Group, Inc. | 278 | 9260 |
|  Meta Platforms, Inc., Class A | 5463 | 3539751 |
|  |  | 12051445 |
|  **IT services** — **0.4%** |  |  |
|  Accenture PLC, Class A | 535 | 133750 |
|  Akamai Technologies, Inc.\* | 149 | 13338 |
|  Cognizant Technology Solutions Corp., Class A | 406 | 31550 |
|  EPAM Systems, Inc.\* | 52 | 9724 |
|  Gartner, Inc.\* | 70 | 16292 |
|  GoDaddy, Inc., Class A\* | 130 | 16622 |
|  International Business Machines Corp. | 806 | 248716 |
|  Shopify, Inc., Class A\* | 2970 | 471161 |
|  VeriSign, Inc. | 78 | 19655 |
|  |  | 960808 |
|  **Leisure products** — **0.0%<sup>†</sup>** |  |  |
|  Hasbro, Inc. | 116 | 9582 |
|  **Life sciences tools & services** — **0.7%** |  |  |
|  Agilent Technologies, Inc. | 240 | 36840 |
|  Bio-Rad Laboratories, Inc., Class A\* | 3160 | 1026558 |
|  Bio-Techne Corp.<sup>1</sup> | 124 | 7999 |
|  Charles River Laboratories<br> International, Inc.\* | 35 | 6235 |
|  Danaher Corp. | 535 | 121327 |
|  IQVIA Holdings, Inc.\* | 148 | 34041 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Number of**<br>**shares** | **Value** |
|  **Common stocks** — **(continued)** |  |  |
|  **Life sciences tools & services** — **(concluded)** |  |  |
|  Mettler-Toledo International, Inc.\* | 22 | $32488 |
|  Revvity, Inc.<sup>1</sup> | 105 | 10963 |
|  Thermo Fisher Scientific, Inc. | 314 | 185521 |
|  Waters Corp.\* | 51 | 20574 |
|  West Pharmaceutical Services, Inc. | 68 | 18853 |
|  |  | 1501399 |
|  **Machinery** — **1.2%** |  |  |
|  Caterpillar, Inc. | 390 | 224546 |
|  Cummins, Inc. | 117 | 58264 |
|  Deere & Co. | 215 | 99865 |
|  Dover Corp. | 140 | 25939 |
|  Fortive Corp. | 239 | 12782 |
|  Gates Industrial Corp. PLC\* | 27059 | 615863 |
|  IDEX Corp. | 60 | 10436 |
|  Illinois Tool Works, Inc. | 223 | 55589 |
|  Ingersoll Rand, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15757 | &nbsp;&nbsp;&nbsp;&nbsp;1265917 |
|  Nordson Corp. | 42 | 9982 |
|  Otis Worldwide Corp. | 343 | 30475 |
|  PACCAR, Inc. | 473 | 49864 |
|  Parker-Hannifin Corp. | 109 | 93925 |
|  Pentair PLC | 161 | 16944 |
|  Snap-on, Inc. | 38 | 12922 |
|  Stanley Black & Decker, Inc. | 153 | 10943 |
|  Westinghouse Air Brake Technologies Corp. | 140 | 29197 |
|  Xylem, Inc. | 201 | 28275 |
|  |  | 2651728 |
|  **Media** — **0.1%** |  |  |
|  Charter Communications, Inc.,<br> Class A\*,<sup>1</sup> | 86 | 17210 |
|  Comcast Corp., Class A | 3549 | 94723 |
|  Fox Corp., Class A | 199 | 13034 |
|  Fox Corp., Class B | 92 | 5360 |
|  News Corp., Class A | 398 | 10221 |
|  News Corp., Class B<sup>1</sup> | 99 | 2914 |
|  Omnicom Group, Inc.<sup>1</sup> | 279 | 19982 |
|  Paramount Skydance Corp., Class B | 193 | 3092 |
|  Trade Desk, Inc., Class A\* | 427 | 16892 |
|  |  | 183428 |
|  **Metals & mining** — **0.0%<sup>†</sup>** |  |  |
|  Freeport-McMoRan, Inc. | 467 | 20072 |
|  Newmont Corp. | 361 | 32753 |
|  Nucor Corp. | 77 | 12281 |
|  Steel Dynamics, Inc. | 38 | 6378 |
|  |  | 71484 |
|  **Multi-utilities** — **0.3%** |  |  |
|  Ameren Corp. | 512 | 54451 |
|  CenterPoint Energy, Inc. | 1207 | 48256 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Number of**<br>**shares** | **Value** |
|  **Common stocks** — **(continued)** |  |  |
|  **Multi-utilities** — **(concluded)** |  |  |
|  CMS Energy Corp. | 566 | $42699 |
|  Consolidated Edison, Inc. | 678 | 68044 |
|  Dominion Energy, Inc. | 1614 | 101311 |
|  DTE Energy Co. | 408 | 55908 |
|  NiSource, Inc. | 924 | 40776 |
|  Public Service Enterprise Group, Inc. | 992 | 82852 |
|  Sempra | 1291 | 122284 |
|  WEC Energy Group, Inc. | 618 | 69259 |
|  |  | 685840 |
|  **Oil, gas & consumable fuels** — **1.7%** |  |  |
|  APA Corp. | 209 | 5219 |
|  Chevron Corp. | 1089 | 164581 |
|  ConocoPhillips | 744 | 65985 |
|  Coterra Energy, Inc. | 423 | 11353 |
|  Devon Energy Corp. | 19588 | 725931 |
|  Diamondback Energy, Inc. | 98 | 14954 |
|  EOG Resources, Inc. | 294 | 31708 |
|  EQT Corp. | 336 | 20449 |
|  Expand Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10254 | &nbsp;&nbsp;&nbsp;&nbsp;1250270 |
|  Exxon Mobil Corp. | 5038 | 584005 |
|  Kinder Morgan, Inc. | 1055 | 28823 |
|  Marathon Petroleum Corp. | 161 | 31191 |
|  Occidental Petroleum Corp. | 17326 | 727692 |
|  ONEOK, Inc. | 352 | 25633 |
|  Phillips 66 | 217 | 29720 |
|  Targa Resources Corp. | 113 | 19810 |
|  Texas Pacific Land Corp. | 8 | 6914 |
|  Valero Energy Corp. | 164 | 28989 |
|  Williams Cos., Inc. | 665 | 40518 |
|  |  | 3813745 |
|  **Passenger airlines** — **0.0%<sup>†</sup>** |  |  |
|  Delta Air Lines, Inc. | 563 | 36088 |
|  Southwest Airlines Co. | 408 | 14203 |
|  United Airlines Holdings, Inc.\* | 264 | 26917 |
|  |  | 77208 |
|  **Pharmaceuticals** — **2.2%** |  |  |
|  Bristol-Myers Squibb Co. | 29588 | 1455730 |
|  Eli Lilly & Co. | 2505 | 2694052 |
|  Johnson & Johnson | 2028 | 419634 |
|  Merck & Co., Inc. | 2085 | 218570 |
|  Pfizer, Inc. | 4800 | 123552 |
|  Viatris, Inc. | 1171 | 12518 |
|  Zoetis, Inc. | 360 | 46145 |
|  |  | 4970201 |
|  **Professional services** — **0.1%** |  |  |
|  Automatic Data Processing, Inc. | 337 | 86036 |
|  Broadridge Financial Solutions, Inc. | 102 | 23265 |
|  Dayforce, Inc.\* | 114 | 7877 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Number of**<br>**shares** | **Value** |
|  **Common stocks** — **(continued)** |  |  |
|  **Professional services** — **(concluded)** |  |  |
|  Equifax, Inc. | 117 | $24847 |
|  Jacobs Solutions, Inc. | 107 | 14425 |
|  Leidos Holdings, Inc. | 120 | 22932 |
|  Paychex, Inc. | 240 | 26806 |
|  Paycom Software, Inc. | 41 | 6608 |
|  Verisk Analytics, Inc. | 126 | 28359 |
|  |  | 241155 |
|  **Semiconductors & semiconductor equipment** — **8.8%** |  |  |
|  Advanced Micro Devices, Inc.\* | 6947 | 1511181 |
|  Analog Devices, Inc. | 430 | 114096 |
|  Applied Materials, Inc. | 697 | 175818 |
|  Broadcom, Inc. | 10241 | 4126713 |
|  First Solar, Inc.\* | 86 | 23471 |
|  Intel Corp.\* | 3847 | 156034 |
|  KLA Corp. | 117 | 137530 |
|  Lam Research Corp. | 1095 | 170820 |
|  Marvell Technology, Inc. | 6573 | 587626 |
|  Microchip Technology, Inc. | 438 | 23468 |
|  Micron Technology, Inc. | 3948 | 933623 |
|  Monolithic Power Systems, Inc. | 42 | 38983 |
|  NVIDIA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;59946 | 10610442 |
|  NXP Semiconductors NV | 215 | 41912 |
|  ON Semiconductor Corp.\* | 390 | 19594 |
|  Qnity Electronics, Inc., Class W/I | 143 | 11596 |
|  QUALCOMM, Inc. | 6393 | 1074599 |
|  Skyworks Solutions, Inc. | 146 | 9629 |
|  Teradyne, Inc. | 123 | 22373 |
|  Texas Instruments, Inc. | 784 | 131924 |
|  |  | 19921432 |
|  **Software** — **6.1%** |  |  |
|  Adobe, Inc.\* | 376 | 120369 |
|  AppLovin Corp., Class A\* | 1019 | 610870 |
|  Autodesk, Inc.\* | 184 | 55815 |
|  Cadence Design Systems, Inc.\* | 232 | 72347 |
|  Crowdstrike Holdings, Inc., Class A\* | 214 | 108960 |
|  Datadog, Inc., Class A\* | 280 | 44803 |
|  Fair Isaac Corp.\* | 21 | 37922 |
|  Fortinet, Inc.\* | 537 | 43567 |
|  Gen Digital, Inc. | 471 | 12420 |
|  Intuit, Inc. | 248 | 157252 |
|  Microsoft Corp. | 18267 | 8987547 |
|  Oracle Corp. | 7288 | 1471812 |
|  Palantir Technologies, Inc., Class A\* | 1972 | 332183 |
|  Palo Alto Networks, Inc.\* | 570 | 108374 |
|  PTC, Inc.\* | 119 | 20876 |
|  Roper Technologies, Inc. | 1373 | 612660 |
|  Salesforce, Inc. | 825 | 190195 |
|  ServiceNow, Inc.\* | 183 | 148671 |
|  Synopsys, Inc.\* | 162 | 67718 |
|  Tyler Technologies, Inc.\* | 42 | 19724 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Number of**<br>**shares** | **Value** |
|  **Common stocks** — **(concluded)** |  |  |
|  **Software** — **(concluded)** |  |  |
|  Workday, Inc., Class A\* | 198 | $42693 |
|  Zscaler, Inc.\* | 2619 | 658678 |
|  |  | 13925456 |
|  **Specialty retail** — **0.6%** |  |  |
|  AutoZone, Inc.\* | 15 | 59315 |
|  Best Buy Co., Inc. | 186 | 14746 |
|  Burlington Stores, Inc.\* | 2269 | 572310 |
|  Home Depot, Inc. | 835 | 298028 |
|  Lowe's Cos., Inc. | 452 | 109601 |
|  O'Reilly Automotive, Inc.\* | 697 | 70885 |
|  Ross Stores, Inc. | 272 | 47970 |
|  TJX Cos., Inc. | 906 | 137639 |
|  Tractor Supply Co. | 443 | 24268 |
|  Ulta Beauty, Inc.\* | 43 | 23170 |
|  Williams-Sonoma, Inc. | 98 | 17641 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1375573 |
|  **Technology hardware, storage & peripherals** — **4.1%** |  |  |
|  Apple, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32149 | 8964749 |
|  Dell Technologies, Inc., Class C | 246 | 32804 |
|  Hewlett Packard Enterprise Co. | 1086 | 23751 |
|  HP, Inc. | 842 | 20562 |
|  NetApp, Inc. | 148 | 16511 |
|  Sandisk Corp.\* | 109 | 24337 |
|  Seagate Technology Holdings PLC | 176 | 48697 |
|  Super Micro Computer, Inc.\*,<sup>1</sup> | 455 | 15402 |
|  Western Digital Corp. | 320 | 52265 |
|  |  | 9199078 |
|  **Textiles, apparel & luxury goods** — **0.2%** |  |  |
|  Deckers Outdoor Corp.\* | 144 | 12676 |
|  Lululemon Athletica, Inc.\* | 97 | 17865 |
|  NIKE, Inc., Class B | 6692 | 432504 |
|  Ralph Lauren Corp. | 29 | 10653 |
|  Tapestry, Inc. | 153 | 16720 |
|  |  | 490418 |
|  **Tobacco** — **0.4%** |  |  |
|  Philip Morris International, Inc. | 5503 | 866612 |
|  **Trading companies & distributors** — **0.1%** |  |  |
|  Fastenal Co. | 903 | 36481 |
|  United Rentals, Inc. | 55 | 44835 |
|  WW Grainger, Inc. | 38 | 36048 |
|  |  | 117364 |
|  **Water utilities** — **0.0%<sup>†</sup>** |  |  |
|  American Water Works Co., Inc. | 376 | 48906 |
|  **Wireless telecommunication services** — **0.4%** |  |  |
|  T-Mobile U.S., Inc. | 4184 | 874498 |
|  **Total common stocks** <br> (cost — $102,171,388) |  | **134114938** |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Number of**<br>**shares** | **Value** |
|  **Preferred stocks** — **0.0%†** |  |  |
|  **Financial services** — **0.0%†** |  |  |
|  SquareTwo Financial Corp.\*,<sup>2,3</sup> <br>(cost — $0) | 35000 | $0 |
|  **Exchange traded funds** — **3.5%** |  |  |
|  iShares Core S&P Mid-Cap ETF<sup>1</sup> | 54995 | 3648368 |
|  SPDR Bloomberg Emerging Markets Local Bond ETF1 | &nbsp;&nbsp;&nbsp;&nbsp;208988 | &nbsp;&nbsp;&nbsp;&nbsp;4461894 |
|  **Total exchange traded funds** <br> (cost — $7,264,814) |  | **8110262** |
|  | **Face**<br>**amount** |  |
|  **Asset-backed securities** — **2.9%** |  |  |
|  CCG Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class A2, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.990%, due 03/15/32<sup>4</sup> | $318902 | 321589 |
|  Dell Equipment Finance Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.770%, due 01/22/29<sup>4</sup> | 525000 | 527571 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class D, <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.120%, due 09/23/30<sup>4</sup> | 150000 | 152502 |
|  DLLMT LLC, <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A, Class A3, <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.840%, due 08/21/28<sup>4</sup> | 475000 | 479202 |
|  Drive Auto Receivables Trust, <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1, Class A3, <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, due 02/15/28 | 11947 | 11953 |
|  Enterprise Fleet Financing LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2, Class A2, <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.510%, due 02/22/28<sup>4</sup> | 200000 | 200820 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-4, Class A2, <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.690%, due 07/20/27<sup>4</sup> | 801250 | 803695 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-2, Class A2, <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.560%, due 04/22/30<sup>4</sup> | 216588 | 217813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2, Class A2, <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.740%, due 12/20/26<sup>4</sup> | 59256 | 59502 |
|  Exeter Automobile Receivables Trust, <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-4A, Class C, <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.480%, due 08/15/30 | 150000 | 151388 |
|  GoldenTree Loan Management U.S. CLO 8 Ltd., <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-8A, Class DRR, <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 mo. USD Term SOFR + 2.900% <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.784%, due 10/20/34<sup>4,5</sup> | 470000 | 471290 |
|  HPEFS Equipment Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class D, <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.990%, due 03/21/33<sup>4</sup> | 650000 | 656353 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-1A, Class B, <br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.180%, due 05/20/31<sup>4</sup> | 925000 | 928343 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Asset-backed securities** — **(concluded)** |  |  |
|  Hyundai Auto Lease Securitization Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.940%, due 08/15/29<sup>4</sup> | $275000 | $278775 |
|  OHA Credit Partners XV Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-15A, Class D2R, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 mo. USD Term SOFR + 4.500% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.384%, due 04/20/37<sup>4,5</sup> | 250000 | 252202 |
|  OneMain Financial Issuance Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-2A, Class A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.750%, due 09/14/35<sup>4</sup> | 495760 | 487472 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-2A, Class B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.210%, due 09/14/35<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;288307 |
|  Santander Drive Auto Receivables Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-3, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.680%, due 09/15/31 | 150000 | 151090 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-5, Class C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.740%, due 10/16/28 | 147425 | 147515 |
|  **Total asset-backed securities**<br> (cost — $6,592,093) |  | **6587382** |
|  **Corporate bonds** — **15.9%** |  |  |
|  **Advertising** — **0.0%<sup>†</sup>** |  |  |
|  Clear Channel Outdoor Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, due 04/15/28<sup>4</sup> | 37000 | 37011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, due 04/01/30<sup>4</sup> | 52000 | 54787 |
|  |  | 91798 |
|  **Aerospace & defense** — **0.4%** |  |  |
|  AAR Escrow Issuer LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, due 03/15/29<sup>4</sup> | 140000 | 145307 |
|  Bombardier, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, due 06/01/32<sup>4</sup> | 92000 | 96934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, due 07/01/31<sup>4</sup> | 10000 | 10652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, due 04/15/27<sup>4</sup> | 3000 | 3009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, due 11/15/30<sup>4</sup> | 89000 | 96084 |
|  GE Capital International Funding Co. Unlimited Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.418%, due 11/15/35 | 200000 | 197653 |
|  HEICO Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, due 08/01/33 | 100000 | 104648 |
|  TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, due 01/15/29 | 25000 | 24693 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, due 01/15/33<sup>4</sup> | 96000 | 98160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, due 03/01/29<sup>4</sup> | 45000 | 46348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, due 03/01/32<sup>4</sup> | 68000 | 70677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, due 12/01/31<sup>4</sup> | 10000 | 10484 |
|  |  | 904649 |

---

------

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Agriculture** — **0.0%<sup>†</sup>** |  |  |
|  Reynolds American, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, due 08/15/35 | $70000 | $73682 |
|  **Airlines** — **0.5%** |  |  |
|  Allegiant Travel Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, due 08/15/27<sup>4</sup> | 201000 | 203534 |
|  American Airlines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, due 02/15/28<sup>4</sup> | 68000 | 69613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, due 05/15/29<sup>4</sup> | 50000 | 52232 |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, due 04/20/26<sup>4</sup> | 44334 | 44411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, due 04/20/29<sup>4</sup> | 80000 | 80941 |
|  Delta Air Lines Pass-Through Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1,Class AA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, due 06/10/28 | 77113 | 74042 |
|  Delta Air Lines, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, due 04/19/28 | 100000 | 100215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, due 07/10/30 | 100000 | 102665 |
|  United Airlines, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, due 04/15/29<sup>4</sup> | 285000 | 283558 |
|  VistaJet Malta Finance PLC/Vista Management Holding, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, due 05/01/27<sup>4</sup> | 90000 | 90562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.500%, due 06/01/28<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;41000 | 42462 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1144235 |
|  **Auto manufacturers** — **0.2%** |  |  |
|  Ford Motor Credit Co. LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, due 08/17/27 | 275000 | 272203 |
|  General Motors Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.600%, due 04/01/36 | 200000 | 218890 |
|  |  | 491093 |
|  **Auto parts & equipment** — **0.1%** |  |  |
|  American Axle & Manufacturing, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, due 10/15/33<sup>4</sup> | 100000 | 100994 |
|  Goodyear Tire & Rubber Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, due 07/15/31 | 200000 | 188959 |
|  |  | 289953 |
|  **Banks** — **2.1%** |  |  |
|  Bank of America Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.110%, due 01/29/37 | 450000 | 489748 |
|  Bank of Nova Scotia, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (fixed, converts to FRN on 05/04/32) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.588%, due 05/04/37<sup>5</sup> | 100000 | 97634 |
|  Barclays PLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (fixed, converts to FRN on 08/09/32) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.746%, due 08/09/33<sup>5</sup> | 200000 | 211380 |
|  Canadian Imperial Bank of Commerce, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.092%, due 10/03/33 | 150000 | 164178 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Banks** — **(concluded)** |  |  |
|  Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (fixed, converts to FRN on 03/20/29) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.980%, due 03/20/30<sup>5</sup> | $175000 | $173690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.675%, due 09/13/43 | 200000 | 225885 |
|  Deutsche Bank AG, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (fixed, converts to FRN on 01/07/27) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.552%, due 01/07/28<sup>5</sup> | 150000 | 147174 |
|  Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, due 05/22/45 | &nbsp;&nbsp;&nbsp;&nbsp;360000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;342808 |
| &nbsp;&nbsp;&nbsp;&nbsp; (fixed, converts to FRN on 02/10/30) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.850%, due 02/10/30<sup>5,6</sup> | 111000 | 115133 |
|  HSBC Holdings PLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, due 09/15/37 | 200000 | 221489 |
|  JPMorgan Chase & Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (fixed, converts to FRN on 07/24/47) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.032%, due 07/24/48<sup>5</sup> | 400000 | 334343 |
|  Lloyds Banking Group PLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.582%, due 12/10/25 | 400000 | 399959 |
|  Mitsubishi UFJ Financial Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.677%, due 02/22/27 | 350000 | 349026 |
|  Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, due 01/27/45 | 275000 | 241144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.350%, due 09/08/26 | 590000 | 591450 |
| &nbsp;&nbsp;&nbsp;&nbsp; (fixed, converts to FRN on 02/07/34) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.942%, due 02/07/39<sup>5</sup> | 100000 | 105556 |
|  PNC Financial Services Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (fixed, converts to FRN on 01/24/33) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.068%, due 01/24/34<sup>5</sup> | 100000 | 102815 |
|  Royal Bank of Canada, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.300%, due 11/03/31 | 250000 | 225455 |
|  Societe Generale SA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, due 01/12/27<sup>4</sup> | 200000 | 199401 |
|  |  | 4738268 |
|  **Beverages** — **0.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Anheuser-Busch Cos. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; LLC/Anheuser-Busch InBev |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Worldwide, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.700%, due 02/01/36 | 75000 | 74946 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, due 02/01/46 | 130000 | 122437 |
|  |  | 197383 |
|  **Biotechnology** — **0.1%** |  |  |
|  Amgen, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, due 03/02/33 | 150000 | 156339 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Biotechnology** — **(concluded)** |  |  |
|  Gilead Sciences, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, due 03/01/46 | $50000 | $46286 |
|  |  | 202625 |
|  **Building Materials** — **0.1%** |  |  |
|  Carrier Global Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, due 03/15/54 | 100000 | 109904 |
|  Knife River Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.750%, due 05/01/31<sup>4</sup> | 45000 | 47328 |
|  Smyrna Ready Mix Concrete LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, due 11/01/28<sup>4</sup> | 51000 | 51115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, due 11/15/31<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;78000 | 82786 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;291133 |
|  **Chemicals** — **0.6%** |  |  |
|  Celanese U.S. Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Steps Up to 7.080% on 01/15/2026 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.830%, due 07/15/29 | 215000 | 222275 |
| &nbsp;&nbsp;&nbsp;&nbsp; Steps Up to 7.379% on 01/15/2026 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.879%, due 07/15/32 | 250000 | 255053 |
|  CF Industries, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, due 03/15/34 | 200000 | 201902 |
|  Chemours Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, due 11/15/29<sup>4</sup> | 45000 | 40198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, due 01/15/33<sup>4</sup> | 64000 | 62265 |
|  Huntsman International LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, due 05/01/29 | 180000 | 172211 |
|  LYB International Finance II BV, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, due 03/02/27 | 150000 | 149131 |
|  NOVA Chemicals Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, due 11/15/28<sup>4</sup> | 11000 | 11523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, due 02/15/30<sup>4</sup> | 40000 | 42798 |
|  Olin Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, due 08/01/29 | 100000 | 100291 |
|  |  | 1257647 |
|  **Commercial services** — **0.3%** |  |  |
|  ADT Security Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, due 07/15/32<sup>4</sup> | 90000 | 87240 |
|  Avis Budget Car Rental LLC/Avis |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Budget Finance, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, due 01/15/30<sup>4</sup> | 10000 | 10298 |
|  Block, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, due 05/15/32 | 22000 | 22992 |
|  Brink's Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, due 06/15/29<sup>4</sup> | 255000 | 263304 |
|  Global Payments, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, due 08/15/52 | 100000 | 96083 |
|  Herc Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, due 06/15/29<sup>4</sup> | 33000 | 34224 |
|  PayPal Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, due 06/01/54 | 50000 | 49500 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Commercial services** — **(concluded)** |  |  |
|  Quanta Services, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.350%, due 01/15/32 | $100000 | $88541 |
|  Service Corp. International, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, due 10/15/32 | 10000 | 10204 |
|  Shift4 Payments LLC/Shift4 Payments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Finance Sub, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, due 08/15/32<sup>4</sup> | 42000 | 43655 |
|  United Rentals North America, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, due 03/15/34<sup>4</sup> | 59000 | 61620 |
|  |  | 767661 |
|  **Computers** — **0.4%** |  |  |
|  Ahead DB Holdings LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, due 05/01/28<sup>4</sup> | 45000 | 45149 |
|  Apple, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.450%, due 02/09/45 | 100000 | 79708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.850%, due 05/04/43 | &nbsp;&nbsp;&nbsp;&nbsp;160000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137666 |
|  ASGN, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, due 05/15/28<sup>4</sup> | 161000 | 157734 |
|  International Business Machines Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, due 11/29/32 | 175000 | 190485 |
|  KBR, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, due 09/30/28<sup>4</sup> | 41000 | 40231 |
|  Kyndryl Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.350%, due 02/20/34 | 200000 | 211468 |
|  McAfee Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, due 02/15/30<sup>4</sup> | 134000 | 116923 |
|  Seagate Data Storage Technology Pte. Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, due 12/15/29<sup>4</sup> | 25000 | 26559 |
|  |  | 1005923 |
|  **Cosmetics/Personal Care** — **0.0%†** |  |  |
|  Perrigo Finance Unlimited Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, due 09/30/32 | 15000 | 14644 |
|  **Diversified financial services** — **1.5%** |  |  |
|  AerCap Ireland Capital DAC/AerCap |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Global Aviation Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.300%, due 01/30/32 | 250000 | 231584 |
|  Bread Financial Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (fixed, converts to FRN on 06/15/30) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, due 06/15/35<sup>4,5</sup> | 59000 | 60476 |
|  Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, due 07/28/26 | 200000 | 199368 |
| &nbsp;&nbsp;&nbsp;&nbsp; (fixed, converts to FRN on 02/01/33) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.817%, due 02/01/34<sup>5</sup> | 450000 | 473747 |
|  CME Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, due 06/15/28 | 150000 | 150062 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Diversified financial services** — **(concluded)** |  |  |
|  Freedom Mortgage Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, due 05/15/31<sup>4</sup> | $49000 | $52431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.250%, due 02/01/29<sup>4</sup> | 156000 | 163547 |
|  GGAM Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, due 04/15/29<sup>4</sup> | 145000 | 150456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, due 02/15/27<sup>4</sup> | 100000 | 102289 |
|  Jane Street Group/JSG Finance, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, due 04/30/31<sup>4</sup> | 121000 | 127465 |
|  Jerrold Finco PLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, due 04/15/30<sup>7</sup> | 100000 | 135437 |
|  Macquarie Airfinance Holdings Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, due 03/26/31<sup>4</sup> | 33000 | 35385 |
|  Navient Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, due 03/15/27 | 40000 | 39965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, due 06/15/26 | 484000 | 489129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.500%, due 03/15/31 | 44000 | 49173 |
|  OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, due 05/15/30 | 30000 | 30482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, due 03/15/32 | &nbsp;&nbsp;&nbsp;&nbsp;243000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248355 |
|  PRA Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, due 02/01/28<sup>4</sup> | 35000 | 35755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, due 01/31/30<sup>4</sup> | 52000 | 53908 |
|  Rocket Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, due 08/01/30<sup>4</sup> | 250000 | 259516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, due 02/01/32<sup>4</sup> | 59000 | 62031 |
|  Rocket Mortgage LLC/Rocket |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage Co-Issuer, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, due 10/15/26<sup>4</sup> | 150000 | 147570 |
|  |  | 3298131 |
|  **Electric** — **1.3%** |  |  |
|  Berkshire Hathaway Energy Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, due 01/15/49 | 50000 | 42262 |
|  Calpine Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, due 02/01/29<sup>4</sup> | 30000 | 29779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.125%, due 03/15/28<sup>4</sup> | 77000 | 77216 |
|  Clearway Energy Operating LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, due 03/15/28<sup>4</sup> | 65000 | 64985 |
|  Consolidated Edison Co. of New York, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.900%, due 11/15/53 | 100000 | 104320 |
|  DTE Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, due 03/01/32 | 200000 | 185743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.200%, due 03/01/34 | 100000 | 104082 |
|  Duke Energy Ohio, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, due 02/01/49 | 250000 | 208434 |
|  Edison International, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (fixed, converts to FRN on 06/15/29) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, due 06/15/54<sup>5</sup> | 37000 | 38482 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Electric** — **(concluded)** |  |  |
|  Eversource Energy, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, due 01/01/34 | $200000 | $206737 |
|  Exelon Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.400%, due 04/15/26 | 70000 | 69800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, due 04/15/46 | 200000 | 171054 |
|  FirstEnergy Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series C, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.850%, due 07/15/47 | 75000 | 66556 |
|  Florida Power & Light Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.950%, due 02/01/38 | 45000 | 49226 |
|  Georgia Power Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series B, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.700%, due 01/30/50 | &nbsp;&nbsp;&nbsp;&nbsp;200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;153056 |
|  National Rural Utilities Cooperative |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.900%, due 11/01/28 | 100000 | 99907 |
|  NRG Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, due 02/15/31<sup>4</sup> | 66000 | 61766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, due 02/01/33<sup>4</sup> | 67000 | 68420 |
|  Oncor Electric Delivery Co. LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, due 04/01/45 | 40000 | 31935 |
|  PG&E Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, due 07/01/28 | 96000 | 95300 |
|  Pike Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, due 01/31/31<sup>4</sup> | 59000 | 62375 |
|  Public Service Electric & Gas Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, due 01/15/30 | 250000 | 235550 |
|  San Diego Gas & Electric Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.100%, due 06/15/49 | 100000 | 80463 |
|  Sempra, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, due 10/15/39 | 150000 | 158257 |
|  Southern California Edison Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.650%, due 02/01/50 | 175000 | 123770 |
|  Southwestern Electric Power Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.250%, due 11/01/51 | 100000 | 66932 |
|  Talen Energy Supply LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, due 06/01/30<sup>4</sup> | 118000 | 125096 |
|  Vistra Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (fixed, converts to FRN on 12/15/26) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, due 12/15/26<sup>4,5,6</sup> | 102000 | 103438 |
|  |  | 2884941 |
|  **Electrical components & equipment** — **0.1%** |  |  |
|  Energizer Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, due 03/31/29<sup>4</sup> | 121000 | 115114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, due 06/15/28<sup>4</sup> | 180000 | 177760 |
|  |  | 292874 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Electronics** — **0.1%** |  |  |
|  Allegion U.S. Holding Co., Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, due 05/29/34 | $150000 | $158042 |
|  **Energy-Alternate Sources** — **0.0%<sup>†</sup>** |  |  |
|  TerraForm Power Operating LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, due 01/15/30<sup>4</sup> | 97000 | 93251 |
|  **Engineering & construction** — **0.1%** |  |  |
|  Arcosa, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, due 08/15/32<sup>4</sup> | 37000 | 38878 |
|  Artera Services LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, due 02/15/31<sup>4</sup> | 89000 | 76936 |
|  Brundage-Bone Concrete Pumping |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, due 02/01/32<sup>4</sup> | 5000 | 5066 |
|  |  | 120880 |
|  **Entertainment** — **0.1%** |  |  |
|  Caesars Entertainment, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, due 10/15/32<sup>4</sup> | 55000 | 52472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, due 02/15/32<sup>4</sup> | 25000 | 25429 |
|  Light & Wonder International, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, due 09/01/31<sup>4</sup> | 67000 | 70203 |
|  Warnermedia Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.054%, due 03/15/29 | 135000 | 130949 |
|  |  | 279053 |
|  **Food** — **0.2%** |  |  |
|  J.M. Smucker Co. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.200%, due 11/15/33 | 100000 | 108910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, due 11/15/43 | 100000 | 108811 |
|  Kroger Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, due 10/15/46 | 150000 | 118064 |
|  |  | 335785 |
|  **Gas** — **0.0%<sup>†</sup>** |  |  |
|  NiSource, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.350%, due 04/01/34 | 100000 | 103624 |
|  Healthcare-products — 0.1% |  |  |
|  Abbott Laboratories, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, due 11/30/46 | 50000 | 47837 |
|  Solventum Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.600%, due 03/23/34 | &nbsp;&nbsp;&nbsp;&nbsp;150000 | 156755 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204592 |
|  **Healthcare-services** — **0.6%** |  |  |
|  Centene Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.450%, due 07/15/28 | 100000 | 93225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, due 12/15/29 | 50000 | 48336 |
|  CHS/Community Health Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, due 05/15/30<sup>4</sup> | 60000 | 56682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, due 01/15/29<sup>4</sup> | 57000 | 56995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, due 04/15/29<sup>4</sup> | 43000 | 38808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.875%, due 01/15/32<sup>4</sup> | 67000 | 72368 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Healthcare-services** — **(concluded)** |  |  |
|  DaVita, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, due 06/01/30<sup>4</sup> | $105000 | $101843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, due 09/01/32<sup>4</sup> | 25000 | 26013 |
|  HCA, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, due 06/15/49 | 150000 | 138242 |
|  LifePoint Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, due 08/15/30<sup>4</sup> | 77000 | 82903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, due 06/01/32<sup>4</sup> | 15000 | 15855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.000%, due 10/15/30<sup>4</sup> | 75000 | 82563 |
|  Prime Healthcare Services, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.375%, due 09/01/29<sup>4</sup> | 64000 | 67853 |
|  Star Parent, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, due 10/01/30<sup>4</sup> | 64000 | 68589 |
|  Tenet Healthcare Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, due 06/15/30 | 96000 | 98126 |
|  UnitedHealth Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, due 07/15/35 | &nbsp;&nbsp;&nbsp;&nbsp;240000 | 238946 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;1287347 |
|  **Home builders** — **0.0%<sup>†</sup>** |  |  |
|  Ashton Woods USA LLC/Ashton |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Woods Finance Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, due 08/01/29<sup>4</sup> | 37000 | 35057 |
|  Installed Building Products, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, due 02/01/28<sup>4</sup> | 59000 | 59085 |
|  |  | 94142 |
|  **Home furnishings** — **0.1%** |  |  |
|  Whirlpool Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, due 06/15/30 | 150000 | 151508 |
|  **Housewares** — **0.0%<sup>†</sup>** |  |  |
|  Newell Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, due 05/15/30 | 25000 | 24024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, due 04/01/36 | 27000 | 25065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, due 04/01/46 | 5000 | 4113 |
|  |  | 53202 |
|  **Insurance** — **0.4%** |  |  |
|  Allstate Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, due 05/09/35 | 100000 | 105384 |
|  Aon Global Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, due 05/15/45 | 100000 | 90023 |
|  Berkshire Hathaway Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, due 01/15/49 | 100000 | 86059 |
|  Hartford Insurance Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, due 10/01/41 | 150000 | 162517 |
|  Marsh & McLennan Cos., Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, due 03/15/35 | 150000 | 152530 |
|  MetLife, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, due 08/13/42 | 130000 | 112052 |
|  Metropolitan Life Global Funding I, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, due 03/28/33<sup>4</sup> | 150000 | 155750 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Insurance** — **(concluded)** |  |  |
|  Teachers Insurance & Annuity |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Association of America, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.270%, due 05/15/47<sup>4</sup> | $50000 | $41834 |
|  |  | 906149 |
|  **Internet** — **0.3%** |  |  |
|  Amazon.com, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, due 06/03/50 | 150000 | 92536 |
|  Expedia Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, due 02/15/28 | 100000 | 99333 |
|  Meta Platforms, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, due 08/15/54 | 50000 | 48495 |
|  Netflix, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, due 06/15/30<sup>4</sup> | 100000 | 103004 |
|  Snap, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, due 03/01/33<sup>4</sup> | 45000 | 46356 |
|  Uber Technologies, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, due 09/15/3<sup>4</sup> | 150000 | 150840 |
|  Wayfair LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, due 10/31/29<sup>4</sup> | 200000 | 208049 |
|  |  | 748613 |
|  **Investment companies** — **0.3%** |  |  |
|  Blue Owl Technology Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.100%, due 03/15/28<sup>4</sup> | 172000 | 172406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, due 04/04/29 | 125000 | 127264 |
|  Icahn Enterprises LP/Icahn Enterprises |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.250%, due 05/15/27 | 189000 | 186571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, due 05/15/26 | 17000 | 16984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.750%, due 01/15/29 | 50000 | 50373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, due 11/15/29<sup>4</sup> | 5000 | 5028 |
|  |  | 558626 |
|  **Iron & steel** — **0.1%** |  |  |
|  Cleveland-Cliffs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, due 11/01/29<sup>4</sup> | 45000 | 46299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, due 03/15/32<sup>4</sup> | 92000 | 94304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, due 09/15/31<sup>4</sup> | 25000 | 26146 |
|  |  | 166749 |
|  **IT services** — **0.0%†** |  |  |
|  Accenture Capital, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, due 10/04/34 | 100000 | 99272 |
|  **Leisure time** — **0.3%** |  |  |
|  Carnival Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, due 06/15/31<sup>4</sup> | 160000 | 164744 |
|  NCL Corp. Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, due 02/01/32<sup>4</sup> | 131000 | 132952 |
|  Pinnacle Bidco PLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, due 10/11/28<sup>7</sup> | 100000 | 121358 |
|  Royal Caribbean Cruises Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, due 04/01/28<sup>4</sup> | 10000 | 10177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, due 09/30/31<sup>4</sup> | 68000 | 69500 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face**<br>**amount** | **Value** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Leisure time** — **(concluded)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, due 02/01/33<sup>4</sup> | $11000 | $11326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, due 03/15/32<sup>4</sup> | 30000 | 31042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, due 10/15/27 | 25000 | 26406 |
|  Sabre GLBL, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.750%, due 11/15/29<sup>4</sup> | 57000 | 50162 |
|  |  | 617667 |
|  **Lodging** — **0.1%** |  |  |
|  Hilton Grand Vacations |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Borrower LLC/Hilton Grand |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Vacations Borrower, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, due 07/01/31<sup>4</sup> | 94000 | 87063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, due 06/01/29<sup>4</sup> | 25000 | 24021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, due 01/15/32<sup>4</sup> | 40000 | 40740 |
|  |  | 151824 |
|  **Machinery-diversified** — **0.2%** |  |  |
|  Husky Injection Molding Systems |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Ltd./Titan Co-Borrower LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, due 02/15/29<sup>4</sup> | 89000 | 93672 |
|  Regal Rexnord Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.400%, due 04/15/33 | 150000 | 161753 |
|  Westinghouse Air Brake Technologies Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.611%, due 03/11/34 | 150000 | 159212 |
|  |  | 414637 |
|  **Media** — **0.7%** |  |  |
|  CCO Holdings LLC/CCO Holdings |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Capital Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, due 02/01/31<sup>4</sup> | 143000 | 131736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, due 01/15/34<sup>4</sup> | 40000 | 33893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, due 03/01/30<sup>4</sup> | 122000 | 116202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, due 06/01/29<sup>4</sup> | 139000 | 137646 |
|  Charter Communications Operating LLC/Charter Communications Operating Capital, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, due 03/15/28 | 250000 | 248599 |
|  Comcast Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.887%, due 11/01/51 | 239000 | 144604 |
|  Directv Financing LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.875%, due 02/01/30<sup>4</sup> | 131000 | 130058 |
|  Directv Financing LLC/Directv |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Financing Co-Obligor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, due 08/15/27<sup>4</sup> | 7000 | 7002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 10.000%, due 02/15/31<sup>4</sup> | 13000 | 12913 |
|  DISH Network Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 11.750%, due 11/15/27<sup>4</sup> | 85000 | 88758 |
|  Nexstar Media, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, due 11/01/28<sup>4</sup> | 45000 | 44626 |
|  Sirius XM Radio LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, due 09/01/31<sup>4</sup> | 52000 | 47414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, due 07/01/30<sup>4</sup> | 59000 | 55865 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments** — **November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face<br>amount** | **Value** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Media** — **(concluded)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, due 07/01/29<sup>4</sup> | $35000 | $35180 |
|  Time Warner Cable LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.550%, due 05/01/37 | 25000 | 25557 |
|  Univision Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, due 05/01/29<sup>4</sup> | 40000 | 38139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, due 06/30/30<sup>4</sup> | 63000 | 63909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, due 08/15/28<sup>4</sup> | 20000 | 20640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.500%, due 07/31/31<sup>4</sup> | 65000 | 67242 |
|  Walt Disney Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.950%, due 10/15/45 | 120000 | 114195 |
|  |  | 1564178 |
|  **Mining** — **0.0%†** |  |  |
|  Fortescue Treasury Pty. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, due 04/15/30<sup>4</sup> | 15000 | 15494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.125%, due 04/15/32<sup>4</sup> | 76000 | 79327 |
|  |  | 94821 |
|  **Miscellaneous** |  |  |
|  **manufacturers** — **0.1%** |  |  |
|  Amsted Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, due 05/15/30<sup>4</sup> | 60000 | 59180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, due 03/15/33<sup>4</sup> | 86000 | 88973 |
|  Axon Enterprise, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, due 03/15/33<sup>4</sup> | 43000 | 44644 |
|  |  | 192797 |
|  **Office & business equipment** — **0.0%†** |  |  |
|  Zebra Technologies Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, due 06/01/32<sup>4</sup> | 33000 | 34214 |
|  **Oil & gas** — **0.5%** |  |  |
|  Aker BP ASA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, due 01/15/30<sup>4</sup> | 150000 | 145298 |
|  Ascent Resources Utica |  |  |
|  Holdings LLC/ARU Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, due 06/30/29<sup>4</sup> | 87000 | 87270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, due 10/15/32<sup>4</sup> | 50000 | 51143 |
|  Civitas Resources, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, due 07/01/31<sup>4</sup> | 81000 | 84349 |
|  ConocoPhillips Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.758%, due 03/15/42 | 50000 | 41285 |
|  EQT Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.125%, due 05/15/26<sup>4</sup> | 150000 | 148995 |
|  Equinor ASA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.800%, due 11/08/43 | 50000 | 47476 |
|  Exxon Mobil Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.114%, due 03/01/46 | 50000 | 42644 |
|  Marathon Petroleum Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, due 09/15/44 | 60000 | 52147 |
|  Nabors Industries, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.125%, due 01/31/30<sup>4</sup> | 37000 | 38792 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments** — **November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face<br>amount** | **Value** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Oil & gas** — **(concluded)** |  |  |
|  Shell Finance U.S., Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, due 05/11/45 | $100000 | $87610 |
|  Sunoco LP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, due 05/01/32<sup>4</sup> | 89000 | 93926 |
|  Transocean Aquila Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.000%, due 09/30/28<sup>4</sup> | 14461 | 14844 |
|  Transocean International Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.750%, due 02/15/30<sup>4</sup> | 3750 | 3910 |
|  Transocean Titan Financing Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, due 02/01/28<sup>4</sup> | 71238 | 73197 |
|  |  | 1012886 |
|  **Oil & gas services** — **0.3%** |  |  |
|  Archrock Partners LP/Archrock |  |  |
|  Partners Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.250%, due 04/01/28<sup>4</sup> | 11000 | 11068 |
|  Bristow Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, due 03/01/28<sup>4</sup> | 208000 | 209518 |
|  Kodiak Gas Services LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, due 02/15/29<sup>4</sup> | 175000 | 182457 |
|  Oceaneering International, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, due 02/01/28 | 170000 | 172606 |
|  USA Compression Partners LP/USA |  |  |
|  Compression Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.125%, due 03/15/29<sup>4</sup> | 182000 | 189183 |
|  Weatherford International Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, due 04/30/30<sup>4</sup> | 15000 | 15301 |
|  |  | 780133 |
|  **Pharmaceuticals** — **0.4%** |  |  |
|  AbbVie, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.450%, due 05/14/46 | 200000 | 177447 |
|  Eli Lilly & Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.900%, due 10/15/35 | 100000 | 102757 |
|  Pfizer, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.200%, due 03/15/39 | 270000 | 326998 |
|  Teva Pharmaceutical Finance |  |  |
|  Netherlands II BV, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, due 05/09/27 | 100000 | 116886 |
|  Teva Pharmaceutical Finance |  |  |
|  Netherlands IV BV, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.750%, due 12/01/30 | 225000 | 233507 |
|  |  | 957595 |
|  **Pipelines** — **0.8%** |  |  |
|  Antero Midstream Partners LP/Antero |  |  |
|  Midstream Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, due 06/15/29<sup>4</sup> | 37000 | 37122 |
|  Blue Racer Midstream LLC/Blue |  |  |
|  Racer Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.250%, due 07/15/32<sup>4</sup> | 82000 | 87190 |
|  Buckeye Partners LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.750%, due 02/01/30<sup>4</sup> | 62000 | 64936 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments** — **November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face<br>amount** | **Value** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Pipelines** — **(concluded)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, due 07/01/29<sup>4</sup> | $22000 | $22917 |
|  CNX Midstream Partners LP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, due 04/15/30<sup>4</sup> | 105000 | 100709 |
|  Enbridge Energy Partners LP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, due 10/15/45 | 100000 | 118236 |
|  Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, due 10/01/47 | 50000 | 45533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3 mo. USD Term SOFR + 3.279% |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.133%, due 11/01/66<sup>5</sup> | 75000 | 74482 |
|  Howard Midstream Energy |  |  |
|  Partners LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.375%, due 07/15/32<sup>4</sup> | 107000 | 112937 |
|  Kinder Morgan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.300%, due 03/01/28 | 150000 | 150856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, due 06/01/45 | 170000 | 166085 |
|  Plains All American Pipeline LP/PAA |  |  |
|  Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.700%, due 09/15/34 | 200000 | 207384 |
|  Sabine Pass Liquefaction LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, due 03/15/27 | 80000 | 80469 |
|  Targa Resources Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.200%, due 02/01/33 | 150000 | 144003 |
|  Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, due 01/15/30<sup>4</sup> | 2000 | 1962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.125%, due 06/01/28<sup>4</sup> | 35000 | 35850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.375%, due 06/01/31<sup>4</sup> | 40000 | 40099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.875%, due 02/01/32<sup>4</sup> | 97000 | 100990 |
|  Western Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.650%, due 07/01/26 | 100000 | 100108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.150%, due 04/01/33 | 100000 | 106146 |
|  |  | 1798014 |
|  **Real estate** — **0.1%** |  |  |
|  Jones Lang LaSalle, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, due 12/01/28 | 200000 | 214113 |
|  **Real estate investment trusts** — **0.3%** |  |  |
|  Extra Space Storage LP, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.400%, due 02/01/34 | 200000 | 206177 |
|  Iron Mountain, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, due 07/15/32<sup>4</sup> | 55000 | 54687 |
|  Ladder Capital Finance |  |  |
|  Holdings LLLP/Ladder Capital |  |  |
|  Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, due 06/15/29<sup>4</sup> | 45000 | 44357 |
|  MPT Operating Partnership LP/MPT |  |  |
|  Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, due 10/15/27 | 56000 | 54121 |
|  Public Storage Operating Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.250%, due 11/09/31 | 200000 | 178652 |
|  Service Properties Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, due 11/15/31<sup>4</sup> | 67000 | 70332 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments** — **November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face<br>amount** | **Value** |
|  **Corporate bonds** — **(continued)** |  |  |
|  **Real estate investment trusts** — **(concluded)** |  |  |
|  Uniti Group LP/Uniti Group Finance |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2019, Inc./CSL Capital LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, due 02/15/29<sup>4</sup> | $167000 | $158510 |
|  |  | 766836 |
|  **Retail** — **0.4%** |  |  |
|  Academy Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, due 11/15/27<sup>4</sup> | 45000 | 45033 |
|  Asbury Automotive Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, due 11/15/29<sup>4</sup> | 20000 | 19618 |
|  Bath & Body Works, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.625%, due 10/01/30<sup>4</sup> | 82000 | 83325 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.875%, due 11/01/35 | 25000 | 25025 |
|  Home Depot, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.350%, due 04/15/50 | 150000 | 108371 |
|  LCM Investments Holdings II LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, due 05/01/29<sup>4</sup> | 90000 | 88609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.250%, due 08/01/31<sup>4</sup> | 41000 | 43257 |
|  Lithia Motors, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, due 01/15/31<sup>4</sup> | 76000 | 72941 |
|  Macy's Retail Holdings LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.875%, due 03/15/30<sup>4</sup> | 100000 | 100242 |
|  McDonald's Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, due 04/01/28 | 250000 | 249452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, due 12/09/45 | 20000 | 18595 |
|  Patrick Industries, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.375%, due 11/01/32<sup>4</sup> | 67000 | 68621 |
|  |  | 923089 |
|  **Semiconductors** — **0.2%** |  |  |
|  Broadcom, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.926%, due 05/15/37<sup>4</sup> | 150000 | 150761 |
|  NVIDIA Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.850%, due 04/01/30 | 100000 | 95852 |
|  NXP BV/NXP Funding LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.550%, due 12/01/28 | 100000 | 103583 |
|  |  | 350196 |
|  **Software** — **0.4%** |  |  |
|  Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, due 03/31/29<sup>4</sup> | 148000 | 149189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 9.000%, due 09/30/29<sup>4</sup> | 118000 | 121721 |
|  Microsoft Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.525%, due 06/01/50 | 120000 | 75859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, due 02/12/35 | 150000 | 143005 |
|  Open Text Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, due 12/01/29<sup>4</sup> | 30000 | 28450 |
|  Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, due 07/15/40 | 216000 | 201620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, due 09/27/54 | 100000 | 85419 |
|  |  | 805263 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face<br>amount** | **Value** |
|  **Corporate bonds** — **(concluded)** |  |  |
|  **Telecommunications** — **0.5%** |  |  |
|  AT&T, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.800%, due 12/01/57 | $217000 | $154153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, due 08/15/40 | 180000 | 189937 |
|  Cisco Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.050%, due 02/26/34 | 100000 | 103778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.300%, due 02/26/54 | 50000 | 49001 |
|  Telecom Italia Capital SA, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.721%, due 06/04/38 | 59000 | 65304 |
|  T-Mobile USA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, due 04/15/34 | 200000 | 205830 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.650%, due 01/15/53 | 70000 | 69283 |
|  Verizon Communications, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.355%, due 03/15/32 | 209000 | 184722 |
|  Viasat, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.500%, due 05/30/31<sup>4</sup> | 66000 | 62572 |
|  |  | 1084580 |
|  **Transportation** — **0.1%** |  |  |
|  Burlington Northern Santa Fe LLC, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.150%, due 09/01/43 | 160000 | 157484 |
|  Canadian Pacific Railway Co., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, due 12/02/41 | 150000 | 113350 |
|  United Parcel Service, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.750%, due 11/15/47 | 50000 | 39338 |
|  |  | 310172 |
|  **Trucking & leasing** — **0.3%** |  |  |
|  FTAI Aviation Investors LLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, due 05/01/28<sup>4</sup> | 380000 | 381476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.875%, due 12/01/30<sup>4</sup> | 78000 | 83043 |
|  Penske Truck Leasing Co. LP/PTL Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.050%, due 08/01/28<sup>4</sup> | 150000 | 156631 |
|  |  | 621150 |
|  **Total corporate bonds**<br> (cost — $36,650,418) |  | **36001640** |
|  **Mortgage-backed securities** — **1.0%** |  |  |
|  Bank, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-BN30, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.925%, due 12/15/53 | 350000 | 309910 |
|  BMO Mortgage Trust, |  |  |
|  Series 2023-C4, Class A5, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.117%, due 02/15/56<sup>5</sup> | 500000 | 514081 |
|  CENT Trust, |  |  |
|  Series 2025-CITY, Class A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.091%, due 07/10/40<sup>4,5</sup> | 500000 | 508814 |
|  Citigroup Commercial Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-C5, Class A4, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.228%, due 06/10/51<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349418 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Face<br>amount** | **Face<br>amount** | **Value** |
|  **Mortgage-backed securities** — **(concluded)** |  |  |  |
|  Flagstar Mortgage Trust, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-5, Class A2, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, due 09/25/48<sup>4,5</sup> | $| 117689 | $111924 |
|  Hilton USA Trust, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-SFP, Class B, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.323%, due 11/05/35<sup>4</sup> |  | 425000 | 42500 |
|  Hudson Yards Mortgage Trust, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-10HY, Class A, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.835%, due 08/10/38<sup>4</sup> |  | 520000 | 512792 |
|  Residential Mortgage Loan Trust, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1, Class A1, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.376%, due 01/26/60<sup>4,5</sup> |  | 1929 | 1917 |
|  Verus Securitization Trust, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-R1, Class A1, |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.820%, due 10/25/63<sup>4,5</sup> |  | 33114 | 32039 |
|  **Total mortgage-backed securities** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (cost — $2,843,345) |  |  | **2383395** |
|  **Non-U.S. government agency obligations** — **0.1%** | **Non-U.S. government agency obligations** — **0.1%** | **Non-U.S. government agency obligations** — **0.1%** |  |
|  Mexico Government International Bonds |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.750%, due 04/27/32 |  | 200000 | **195800** |
| &nbsp;&nbsp;&nbsp;&nbsp; (cost — $204,027) |  |  |  |
|  **U.S. government agency obligations** — **13.7%** | **U.S. government agency obligations** — **13.7%** | **U.S. government agency obligations** — **13.7%** |  |
|  Federal Home Loan Mortgage Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, due 05/01/51 |  | 1411035 | 1160552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, due 05/01/52 |  | 1167572 | 1008275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, due 11/01/46 |  | 63328 | 57674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, due 07/01/47 |  | 79908 | 72682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, due 08/01/47 |  | 80294 | 73032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, due 05/01/47 |  | 60498 | 58638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, due 03/01/38 |  | 6450 | 6632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, due 05/01/37 |  | 30043 | 31412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, due 08/01/40 |  | 5619 | 5878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.500%, due 08/01/28 |  | 6437 | 6584 |
|  Federal National Mortgage Association |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, due 11/01/50 |  | &nbsp;&nbsp;&nbsp;&nbsp;820921 | 675385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, due 01/01/51 |  | 400486 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;329346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, due 03/01/51 |  | 397699 | 326983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, due 04/01/50 |  | 1177918 | 1015687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, due 05/01/51 |  | 683014 | 587463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, due 02/01/52 |  | 911225 | 792097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, due 03/01/52 |  | 1566799 | 1344823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, due 11/01/48 |  | 134410 | 122263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, due 02/01/50 |  | 140336 | 126455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, due 12/01/47 |  | 53110 | 49935 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, due 02/01/48 |  | 372240 | 349998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, due 12/01/39 |  | 20085 | 19774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, due 02/01/41 |  | 10199 | 10042 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, due 09/01/37 |  | 58757 | 59404 |

---

------

---

| | | |
|:---|:---|:---|
|  | **Face<br>amount** | **Value** |
|  **U.S. government agency obligations** — **(concluded)** | **U.S. government agency obligations** — **(concluded)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500%, due 07/01/47 | $31548 | $31436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, due 10/01/39 | 3242 | 3331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, due 05/01/40 | 2807 | 2884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500%, due 08/01/39 | 5384 | 5632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.000%, due 08/01/32 | 38641 | 40865 |
|  Government National Mortgage Association |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000%, due 03/20/51 | 1042847 | 869879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.500%, due 03/20/51 | 1084106 | 942352 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, due 01/20/47 | 30514 | 27904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, due 07/20/47 | 82617 | 75504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000%, due 08/20/47 | 62585 | 57196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500%, due 04/20/47 | 76979 | 72281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, due 07/15/42 | 20159 | 19710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000%, due 11/20/52 | 477616 | 479865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, due 11/20/28 | 72 | 73 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, due 02/20/29 | 159 | 162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000%, due 02/20/34 | 150568 | 157539 |
|  Government National Mortgage Association, TBA | Government National Mortgage Association, TBA |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500% | 1500000 | 1376016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000% | 925000 | 877551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500% | 400000 | 391253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000% | 475000 | 474345 |
|  Uniform Mortgage-Backed Security, TBA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.000% | 1275000 | 1038011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.000% | 2050000 | 1820753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.500% | 850000 | 786231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000% | 950000 | 905045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.500% | 3150000 | 3083633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.000% | 2300000 | 2295931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.500% | 3875000 | 3924794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.000% | 2950000 | 3020771 |
|  **Total U.S. government agency obligations**<br> (cost — $31,160,276) |  | **31071961** |
|  **U.S. Treasury obligations** — **1.1%** |  |  |
|  U.S. Treasury Notes |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, due 10/31/30 | 945000 | 945812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, due 05/31/30 | 775000 | 788351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.250%, due 05/15/35 | 725000 | 739953 |
|  **Total U.S. Treasury obligations** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (cost — $2,448,227) |  | **2474116** |
|  **Short term investments** — **9.1%** |  |  |
|  **Investment companies** — **2.4%** |  |  |
|  State Street Institutional |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Government Money Market Fund, 3.935%<sup>8</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; (cost — $5,306,374) | 5306374 | &nbsp;&nbsp;&nbsp;&nbsp;5306374 |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Face<br>amount** | **Value** |
|  **Short-term U.S. Treasury obligations** — **6.7%** | **Short-term U.S. Treasury obligations** — **6.7%** |  |
|  U.S. Treasury Bills |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.794%, due |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 04/16/26<sup>8</sup> | $2200000 | $2169540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.809%, due |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 03/19/26<sup>8</sup> | 700000 | 692222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.831%, due |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 03/19/26<sup>8</sup> | 1500000 | 1483215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.847%, due |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 01/29/26<sup>8</sup> | 2500000 | 2484572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.862%, due |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 01/27/26<sup>8</sup> | 2600000 | 2584322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.933%, due |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12/23/25<sup>8</sup> | 4000000 | 3990610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.936%, due |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 12/23/25<sup>8</sup> | 1500000 | 1496457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.948%, due |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 01/15/26<sup>8</sup> | 355000 | 353289 |
|  **Total short-term U.S. treasury obligations**<br> (cost — $15,254,126) |  | **15254227** |
|  **Total short term investments**<br>(Cost — $20,560,500) |  | **20560601** |
|  | **Number of<br>shares** |  |
|  **Investment of cash collateral from securities loaned** — **2.0%** | **Investment of cash collateral from securities loaned** — **2.0%** |  |
|  **Money market funds** — **2.0%** |  |  |
|  State Street Navigator Securities Lending Government Money Market Portfolio, 3.998%<sup>8</sup><br>(cost — $4,471,580) | 4471580 | 4471580 |
|  **Total investments**<br> (cost — $214,366,668)<sup>9</sup> - 108.4% |  | **245971675** |
|  Liabilities in excess of other assets — (8.4)% |  | (18959875) |
|  **Net assets — 100.0%** |  | $**227011800** |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Number of <br>contracts** | **Currency** | **Currency** | **Expiration <br>date** | **Current <br>notional <br>amount** | **Value** | **Unrealized<br>appreciation<br>(depreciation)** |
|  **Index futures buy contracts:** | **Index futures buy contracts:** | **Index futures buy contracts:** | **Index futures buy contracts:** | **Index futures buy contracts:** | **Index futures buy contracts:** | **Index futures buy contracts:** |
| 139 | USD | MSCI Emerging Markets Index Futures | December 2025 | $9357682 | $9574320 | $216638 |
| 111 | USD | Russell 1000 Value Index Futures | December 2025 | 11104101 | 11457420 | 353319 |
| 49 | USD | Russell 2000 Value Index Futures | December 2025 | 5943578 | 6137495 | 193917 |
| 7 | USD | S&P 500 E-Mini Index Futures | December 2025 | 2320137 | 2400825 | 80688 |
| 32 | JPY | TSE TOPIX Index Futures | December 2025 | 6558448 | 6923210 | 364762 |
| **U.S. Treasury futures buy contracts:** | **U.S. Treasury futures buy contracts:** | **U.S. Treasury futures buy contracts:** |  |  |  |  |
| 148 | USD | U.S. Treasury Note 10 Year Futures | March 2026 | $16762143 | $16774875 | $12732 |
| 2 | USD | U.S. Treasury Note 2 Year Futures | March 2026 | 417862 | 417719 | (143) |
| 157 | USD | U.S. Treasury Note 5 Year Futures | March 2026 | 17227026 | 17233203 | 6177 |
|  **Total** | **Total** | **Total** | **Total** | $**69690977** | $**70919067** | $**1228090** |
|  **Index futures sell contracts:** | **Index futures sell contracts:** | **Index futures sell contracts:** | **Index futures sell contracts:** | **Index futures sell contracts:** | **Index futures sell contracts:** | **Index futures sell contracts:** |
| 48 | AUD | ASX SPI 200 Index Futures | December 2025 | $(6977583) | $(6780016) | $197567 |
| 105 | EUR | EURO STOXX 50 Index Futures | December 2025 | (6808596) | (6913017) | (104421) |
|  **U.S. Treasury futures sell contracts:** | **U.S. Treasury futures sell contracts:** | **U.S. Treasury futures sell contracts:** | **U.S. Treasury futures sell contracts:** | **U.S. Treasury futures sell contracts:** | **U.S. Treasury futures sell contracts:** | **U.S. Treasury futures sell contracts:** |
| 6 | USD | Ultra U.S. Treasury Bond Futures | March 2026 | $(717891) | $(725625) | $(7734) |
|  **Total** | **Total** | **Total** | **Total** | $**(14504070)** | $**(14418658)** | $**85412** |
|  **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** | $**1313502** |

---

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Centrally cleared credit default swap agreements on credit indices—buy protection<sup>10</sup>** | **Centrally cleared credit default swap agreements on credit indices—buy protection<sup>10</sup>** | **Centrally cleared credit default swap agreements on credit indices—buy protection<sup>10</sup>** | **Centrally cleared credit default swap agreements on credit indices—buy protection<sup>10</sup>** | **Centrally cleared credit default swap agreements on credit indices—buy protection<sup>10</sup>** | **Centrally cleared credit default swap agreements on credit indices—buy protection<sup>10</sup>** | **Centrally cleared credit default swap agreements on credit indices—buy protection<sup>10</sup>** | **Centrally cleared credit default swap agreements on credit indices—buy protection<sup>10</sup>** | **Centrally cleared credit default swap agreements on credit indices—buy protection<sup>10</sup>** |
| **Referenced obligations** | **Implied**<br>**credit <br>spread as of <br>November 30,<br>2025<sup>11</sup>** | **Notional<br>amount<br>(000)** | **Maturity <br>date** | **Payment<br>frequency** | **Payments<br>made by<br>the**<br>**Portfolio<sup>13</sup>** | **Upfront<br>payments<br>received<br>(made)** | **Value** | **Unrealized<br>appreciation<br>(depreciation)** |
| CDX.NA.IG.S45 | N/A | USD 4,300 | 12/20/30 | Quarterly | (1.000)% | $(94741) | $(105085) | $(10344) |
| **Centrally cleared credit default swap agreements on credit indices—sell protection<sup>12</sup>** | **Centrally cleared credit default swap agreements on credit indices—sell protection<sup>12</sup>** | **Centrally cleared credit default swap agreements on credit indices—sell protection<sup>12</sup>** | **Centrally cleared credit default swap agreements on credit indices—sell protection<sup>12</sup>** | **Centrally cleared credit default swap agreements on credit indices—sell protection<sup>12</sup>** | **Centrally cleared credit default swap agreements on credit indices—sell protection<sup>12</sup>** | **Centrally cleared credit default swap agreements on credit indices—sell protection<sup>12</sup>** | **Centrally cleared credit default swap agreements on credit indices—sell protection<sup>12</sup>** | **Centrally cleared credit default swap agreements on credit indices—sell protection<sup>12</sup>** |
| **Referenced obligations** | **Implied**<br>**credit <br>spread as of <br>November 30,<br>2025<sup>11</sup>** | **Notional<br>amount<br>(000)** | **Maturity <br>date** | **Payment<br>frequency** | **Payments<br>received<br>by the**<br>**Portfolio<sup>13</sup>** | **Upfront<br>payments<br>received<br>(made)** | **Value** | **Unrealized<br>appreciation<br>(depreciation)** |
| CDX.NA.HY.S45 | N/A | USD 3,000 | 12/20/30 | Quarterly | 5.000% | $196537 | $252570 | $56033 |

---

**Forward foreign currency contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Sell** | **Sell** | **Purchase** | **Purchase** | **Settlement<br>date** | **Unrealized <br>appreciation <br>(depreciation)** |
|  JPMCB | JPY | 50000000 | USD | 324917 | 01/13/26 | $3463 |
|  SSB | AUD | 220000 | USD | 143516 | 01/13/26 | (662) |
|  SSB | USD | 15148877 | EUR | 13015000 | 01/13/26 | (12600) |
|  **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** | **Net unrealized appreciation (depreciation)** | $**(9799)** |

---

------

**UBS U.S. Allocation Fund** 

**Portfolio of investments — November 30, 2025 (unaudited)** 

**Fair valuation summary** 

The following is a summary of the fair valuations according to the inputs used as of November 30, 2025 in valuing the Fund's investments. In the event a Fund holds investments for which fair value is measured using the NAV per share practical expedient (or its equivalent), a separate column will be added to the fair value hierarchy table; this is intended to permit reconciliation to the amounts presented in the Portfolio of investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Unadjusted quoted<br>prices in active<br>market for<br>identical investments<br>(Level 1)** | **Other significant<br>observable inputs<br>(Level 2)** | **Unobservable<br>inputs<br>(Level 3)** | **Total** |
|  **Assets** |  |  |  |  |
|  Common stocks | $134114811 | $127 | $— | $134114938 |
|  Preferred stocks |  |  | 0 | 0 |
|  Exchange traded funds | 8110262 |  |  | 8110262 |
|  Asset-backed securities |  | 6587382 |  | 6587382 |
|  Corporate bonds |  | 36001640 |  | 36001640 |
|  Mortgage-backed securities |  | 2383395 |  | 2383395 |
|  Non-U.S. government agency obligations |  | 195800 |  | 195800 |
|  U.S. government agency obligations |  | 31071961 |  | 31071961 |
|  U.S. Treasury obligations |  | 2474116 |  | 2474116 |
|  Investment companies | 5306374 |  |  | 5306374 |
|  Short-term U.S. Treasury obligations |  | 15254227 |  | 15254227 |
|  Investment of cash collateral from securities loaned | 4471580 |  |  | 4471580 |
|  Futures contracts | 1425800 |  |  | 1425800 |
|  Swap agreements |  | 252570 |  | 252570 |
|  Forward foreign currency contracts |  | 3463 |  | 3463 |
|  **Total** | $**153428827** | $**94224681** | $**0** | $**247653508** |
|  **Liabilities** |  |  |  |  |
|  Futures contracts | $(112298) | $— | $— | $(112298) |
|  Swap agreements |  | (105085) |  | (105085) |
|  Forward foreign currency contracts |  | (13262) |  | (13262) |
|  **Total** | $**(112298)** | $**(118347)** | $**—** | $**(230645)** |

---

At November 30, 2025, there were no transfers in or out of Level 3.

Securities valued using unobservable inputs, i.e. Level 3, were not considered significant to the Fund.

**Portfolio footnotes** 

† Amount represents less than 0.05% or (0.05)%.

\* Non–income producing security.

1 Security, or portion thereof, was on loan at the period end.

2 Security fair valued by the Valuation Committee under the direction of the Board of Trustees.

3 Significant unobservable inputs were used in the valuation of this security; i.e. Level 3.

---

| | |
|:---|:---|
| 4 | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities are considered liquid, unless noted otherwise, and may be resold in transactions exempt from registrations, normally to qualified institutional buyers. Securities exempt from registration pursuant to Rule 144A, in the amount of $20,566,128, represented 9.1% of the Fund's net assets at period end.  |

---

------

---

| | |
|:---|:---|
| 5 | Floating or variable rate securities. The rates disclosed are as of November 30, 2025. For securities based on a published reference rate and spread, the reference rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are based on current market conditions; these securities do not indicate a reference rate and spread in the description.  |

---

6 Perpetual investment. Date shown reflects the next call date.

---

| | |
|:---|:---|
| 7 | Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts from registration securities offered and sold outside of the United States. Such a security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration.  |

---

8 Rate shown reflects yield at November 30, 2025.

---

| | |
|:---|:---|
| 9 | Includes $4,407,291 of investments in securities on loan, at value plus accrued interest and dividends, if any. The Fund includes cash collateral of $4,471,580 and non-cash collateral of $2,931.  |

---

---

| | |
|:---|:---|
| 10 | If the portfolio is a buyer of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the portfolio will either (i) receive from the seller of protection an amount equal to the notional amount of the swap and deliver the referenced obligation or underlying securities comprising the referenced obligation or (ii) receive a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced obligation.  |

---

---

| | |
|:---|:---|
| 11 | Implied credit spreads, represented in absolute terms, used in determining the market value of credit default swap agreements on corporate issues or sovereign issues as of period end serve as an indicator of the current status of the payment/performance risk and represent the likeli-hood or risk of default for the credit derivative. The implied credit spread of a particular reference entity reflects the cost of buying/selling protection and may include upfront payments required to be made to enter into the agreement. Wider credit spreads represent a deterioration of the reference entity's credit soundness and greater likelihood or risk of default or other credit event occurring as defined under the terms of the agreement.  |

---

---

| | |
|:---|:---|
| 12 | If the portfolio is a seller of protection and a credit event occurs, as defined under the terms of that particular swap agreement, the portfolio will either (i) pay to the buyer of protection an amount equal to the notional amount of the swap and take delivery of the referenced obligation or underlying securities comprising the referenced obligation or (ii) pay a net settlement amount in the form of cash or securities equal to the notional amount of the swap less the recovery value of the referenced obligation or underlying securities comprising the referenced obligation.  |

---

---

| | |
|:---|:---|
| 13 | Payments made or received are based on the notional amount.  |

---

---

| | |
|:---|:---|
|  **Portfolio acronyms:** | **Portfolio acronyms:** |
| DAC | Designated Activity Company |
| ETF | Exchange Traded Fund |
| FRN | Floating Rate Note |
| HSBC | HSBC Bank PLC |
| JPMCB | JP Morgan Chase Bank |
| MSCI | Morgan Stanley Capital International |
| SOFR | Secured Overnight Financing Rate |
| SSB | State Street Bank and Trust Co. |
| TBA | To-Be-Announced Security |
|  **Currency type abbreviations:** | **Currency type abbreviations:** |
| AUD | Australian Dollar |
| EUR | Euro |
| JPY | Japanese Yen |
| USD | United States Dollar |

---

------

**UBS U.S. Allocation Fund** 

**Valuation of investments:** 

The Fund generally calculates its net asset value on days that the New York Stock Exchange ("NYSE") is open. The Fund calculates net asset value separately for each class as of the close of regular trading on the NYSE (generally, 4:00 p.m., Eastern time). The NYSE normally is not open, and the Fund does not price its shares, on most national holidays and Good Friday. To the extent that the Fund's assets are traded in other markets on days when the NYSE is not open, the value of the Fund's assets may be affected on those days. If trading on the NYSE is halted for the day before 4:00 p.m., Eastern time, the Fund's net asset value per share generally will still be calculated as of the close of regular trading on the NYSE. The time at which the Fund calculates its net asset value and until which purchase, sale or exchange orders are accepted may be changed as permitted by the SEC.

The Fund calculates its net asset value based on the current market value, where available, for its portfolio investments. The Fund normally obtains market values for its investments from independent pricing sources and broker-dealers. Independent pricing sources may use reported last sale prices, official market closing prices, current market quotations or valuations from computerized "evaluation" systems that derive values based on comparable investments. An evaluation system incorporates parameters such as security quality, maturity and coupon, and/or research and evaluations by its staff, including review of broker-dealer market price quotations, if available, in determining the valuation of the portfolio investments. Investments also may be valued based on appraisals derived from information concerning the investment or similar investments received from recognized dealers in those holdings.

Investments traded in the over-the-counter ("OTC") market and listed on The NASDAQ Stock Market, Inc. ("NASDAQ") normally are valued at the NASDAQ Official Closing Price. Other OTC securities are valued at the last bid price on the valuation date available prior to valuation. Investments which are listed on US and foreign stock exchanges normally are valued at the market closing price, the last sale price on the day the securities are valued or, lacking any sales on such day, at the last available bid price. Investments listed on foreign stock exchanges may be fair valued based on significant events that have occurred subsequent to the close of the foreign markets. In cases where investments are traded on more than one exchange, the investments are valued on the exchange designated as the primary market by UBS AM. If a market value is not readily available from an independent pricing source for a particular investment, that investment is valued at fair value as determined in good faith by or under the direction of the Fund's Board of Trustees (the "Board"). Foreign currency exchange rates are generally determined as of the close of the NYSE.

Certain investments in which the Fund invests may be traded in markets that close before 4:00 p.m., Eastern time. Normally, developments that occur between the close of the foreign markets and 4:00 p.m., Eastern time, will not be reflected in the Fund's net asset value. However, if the Fund determines that such developments are so significant that they will materially affect the value of the Fund's investments, the Fund may adjust the previous closing prices to reflect what is believed to be the fair value of these investments as of 4:00 p.m., Eastern time.

The Fund may use a systematic fair valuation model provided by an independent third party to value investments principally traded in foreign markets in order to adjust for possible stale pricing that may occur between the close of the foreign exchanges and the time for valuation. The systematic fair valuation model may use calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant ADRs and futures contracts. If an investment is valued at a "fair value," that value is likely to be different from the last quoted market price for the investment. The use of the fair valuation model may result in securities being transferred between Level 1 and Level 2 of the fair valuation hierarchy at the end of the reporting period.

The amortized cost method of valuation, which approximates market value, generally is used to value short-term debt instruments with 60 days or less remaining to maturity, unless the Board determines that this does not represent fair value.

Investments in open-end investment companies are valued at the daily closing net asset value of the respective investment company. Pursuant to the Fund's use of the practical expedient within ASC Topic 820, Fair Value Measurement, investments in investment companies without publicly published prices are also valued at the daily net asset value.

All investments quoted in foreign currencies are valued daily in US dollars on the basis of the foreign currency exchange rates prevailing at the time such valuation is determined by the Fund's custodian.

Futures contracts are generally valued at the settlement price established each day on the exchange on which they are traded. Forward foreign currency contracts, if any, are valued daily using forward exchange rates quoted by independent pricing services.

Swaps are marked-to-market daily based upon values from third party vendors or quotations from market makers to the extent available. In the event that market quotations are not readily available or deemed unreliable, the swap is valued at fair value as determined in good faith by or under the direction of the Board.

------

**UBS U.S. Allocation Fund** 

The Board has designated UBS AM as the valuation designee pursuant to Rule 2a-5 under the 1940 Act, and delegated to UBS AM the responsibility for making fair value determinations with respect to portfolio holdings. UBS AM, as the valuation designee, is responsible for periodically assessing any material risks associated with the determination of the fair value of investments; establishing and applying fair value methodologies; testing the appropriateness of fair value methodologies; and overseeing and evaluating third-party pricing services. UBS AM has the Equities, Fixed Income, and Multi-Asset Valuation Committee (the "VC") to assist with its designated responsibilities as valuation designee with respect to the Portfolios' portfolio holdings. The VC is comprised of representatives of management. The VC provides reports to the Board at each quarterly meeting regarding any investments that have been fair valued, valued pursuant to standing instructions approved by the VC, or where non-vendor pricing sources had been used to make fair value determinations when sufficient information exists during the prior quarter. Fair valuation determinations are subject to review at least monthly by the VC during scheduled meetings. Pricing decisions, processes, and controls over fair value determinations are subject to internal and external reviews, including annual internal compliance reviews and periodic internal audit reviews.

The types of investments for which such fair value pricing may be necessary include, but are not limited to: foreign investments under some circumstances; securities of an issuer that has entered into a restructuring; investments whose trading has been halted or suspended; fixed income securities that are in default and for which there is no current market value quotation; and investments that are restricted as to transfer or resale. The need to fair value a Fund's portfolio investments may also result from low trading volume in foreign markets or thinly traded domestic investments, and when a security that is subject to a trading limit or collar on the exchange or market on which it is primarily traded reaches the "limit up" or "limit down" price and no trading has taken place at that price. Various factors may be reviewed in order to make a good faith determination of an investment's fair value. These factors include, but are not limited to, fundamental analytical data relating to the investment; the nature and duration of restrictions on disposition of the investment; and the evaluation of forces which influence the market in which the investment is purchased and sold. Valuing investments at fair value involves greater reliance on judgment than valuing investments that have readily available market quotations. Fair value determinations can also involve reliance on quantitative models employed by a fair value pricing service.

US generally accepted accounting principles ("US GAAP") requires disclosure regarding the various inputs that are used in determining the value of Fund's investments. These inputs are summarized into the three broad levels listed below:

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

Level 2 — Other significant observable inputs, including but not limited to, quoted prices for similar investments, interest rates, prepayment speeds and credit risks.

Level 3 — Unobservable inputs inclusive of the Funds' own assumptions in determining the fair value of investments.

A fair value hierarchy has been included near the end of Fund's Portfolio of investments.

For more information regarding the Fund's other significant accounting policies, please refer to the Fund's Annual report to shareholders dated August 31, 2025.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** UBS INVESTMENT TRUST

- **b. Investment Company Act file number:** 811-06292

- **c. CIK number of Registrant:** 0000873803

- **d. LEI of Registrant:** 549300G2BM6HG0OCX065

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

  - **Street Address 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) LLC.

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** 212-821-3000

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

- **a. Name of Series:** UBS U.S. Allocation Fund

- **b. EDGAR series identifier (if any):** S000002487

- **c. LEI of Series:** 549300J5GDB8VRARXP29

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $254383405.01

**Total Liabilities:** $27362847.73

**Net Assets:** $227020557.28

**Cash Not Reported:** $3689588.46

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -161.07000000 | **1-Year:** -1389.94000000 | **5-Year:** -3780.91000000 | **10-Year:** -7468.80000000 | **30-Year:** -3343.70000000

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

- **3-Month:** -135.62000000 | **1-Year:** -1219.55000000 | **5-Year:** -1446.84000000 | **10-Year:** -337.73000000 | **30-Year:** -58.60000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006689 | 3.26%                | 1.73%                | 0.33%                |
| Class ID C000006692 | 3.28%                | 1.75%                | 0.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4367422.66              | $1688984.90                                |
| Month 2  | $2549029.54              | $928539.44                                 |
| Month 3  | $1077663.72              | $-1282008.80                               |

**Designated Index Information**

- **Index Name:** 65% Russell 3000 30% Barclays US Aggregate 5% ML High Yield Cash Pay (J0A0)

- **Index Identifier:** 65% Russell 3000 30% Barclays US Aggregate 5% ML High Yield Cash Pay (J0A0)

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Aflac Inc                                      | Aflac, Inc.                                                                   | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |       438 | NS      | $48315.78     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                                   | AES Corp.                                                                     | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |      1218 | NS      | $17125.08     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AON GLOBAL LTD                                 | Aon Global Ltd.                                                               | CUSIP: 00185AAH7<br>LEI: VVT2B79I2Z4U3R6BY589 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $90023.28     | 0.04%             | 2045-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ASGN INCORPORATED                              | ASGN, Inc.                                                                    | CUSIP: 00191UAA0<br>LEI: LZBNYYCBUKY537072438 | Long             | DBT              | CORP              | US        |    161000 | PA      | $157734.00    | 0.07%             | 2028-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                       | AT&T, Inc.                                                                    | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |      6646 | NS      | $172928.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                                       | AT&T, Inc.                                                                    | CUSIP: 00206RDF6<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    180000 | PA      | $189936.96    | 0.08%             | 2040-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                       | AT&T, Inc.                                                                    | CUSIP: 00206RMN9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    217000 | PA      | $154153.18    | 0.07%             | 2057-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC                          | AAR Escrow Issuer LLC                                                         | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    140000 | PA      | $145306.56    | 0.06%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                       | American Airlines, Inc./AAdvantage Loyalty IP Ltd.                            | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     44333 | PA      | $44411.14     | 0.02%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                       | American Airlines, Inc./AAdvantage Loyalty IP Ltd.                            | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     80000 | PA      | $80941.60     | 0.04%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories                            | Abbott Laboratories                                                           | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      1447 | NS      | $186518.30    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                            | Abbott Laboratories                                                           | CUSIP: 002824BH2<br>LEI: HQD377W2YR662HK5JX27 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47837.11     | 0.02%             | 2046-11-30      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                     | AbbVie, Inc.                                                                  | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      1487 | NS      | $338589.90    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                                     | AbbVie, Inc.                                                                  | CUSIP: 00287YAW9<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    200000 | PA      | $177447.35    | 0.08%             | 2046-05-14      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CONTRA ABIOMED INC                             | ABIOMED, Inc.                                                                 | CUSIP: 003CVR016<br>LEI: N/A                  | N/A              | DE               |  | US        |        76 | NS      | $127.30       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ACADEMY LTD                                    | Academy Ltd.                                                                  | CUSIP: 00401YAA8<br>LEI: 549300BN53IR80C35Z14 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45033.44     | 0.02%             | 2027-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACCENTURE CAPITAL INC                          | Accenture Capital, Inc.                                                       | CUSIP: 00440KAD5<br>LEI: 254900FRO0P7RIINYT25 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99272.01     | 0.04%             | 2034-10-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Adobe Inc                                      | Adobe, Inc.                                                                   | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       376 | NS      | $120368.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                       | AerCap Ireland Capital DAC/AerCap Global Aviation Trust                       | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    250000 | PA      | $231583.81    | 0.10%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc                     | Advanced Micro Devices, Inc.                                                  | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      6947 | NS      | $1511180.91   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc                  | Advanced Drainage Systems, Inc.                                               | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |      5341 | NS      | $813861.58    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                       | Agilent Technologies, Inc.                                                    | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |       240 | NS      | $36840.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AHEAD DB HOLDINGS LLC                          | Ahead DB Holdings LLC                                                         | CUSIP: 00867FAA6<br>LEI: 254900L07WFL833JX193 | Long             | DBT              | CORP              | US        |     45000 | PA      | $45148.91     | 0.02%             | 2028-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Airbnb Inc                                     | Airbnb, Inc.                                                                  | CUSIP: 009066101<br>LEI: 549300HMUDNO0RY56D37 | Long             | EC               | CORP              | US        |       346 | NS      | $40478.54     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc                 | Air Products & Chemicals, Inc.                                                | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |        71 | NS      | $18534.55     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc                        | Akamai Technologies, Inc.                                                     | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |       149 | NS      | $13338.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AKER BP ASA                                    | Aker BP ASA                                                                   | CUSIP: 00973RAF0<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |    150000 | PA      | $145297.59    | 0.06%             | 2030-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Albemarle Corp                                 | Albemarle Corp.                                                               | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |        38 | NS      | $4939.62      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc                           | Align Technology, Inc.                                                        | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |        65 | NS      | $9567.35      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGION US HOLDING CO                         | Allegion U.S. Holding Co., Inc.                                               | CUSIP: 01748NAF1<br>LEI: 5493002B66JX7J7SXI33 | Long             | DBT              | CORP              | US        |    150000 | PA      | $158041.50    | 0.07%             | 2034-05-29      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO                            | Allegiant Travel Co.                                                          | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |    201000 | PA      | $203533.61    | 0.09%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS                          | Bread Financial Holdings, Inc.                                                | CUSIP: 018581AQ1<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |     59000 | PA      | $60475.47     | 0.03%             | 2035-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Corp                            | Alliant Energy Corp.                                                          | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |       494 | NS      | $34318.18     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UMBS, TBA                                      | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F0206C8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1275000 | PA      | $1038010.65   | 0.46%             | 2053-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                      | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F0306C7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2050000 | PA      | $1820752.60   | 0.80%             | 2055-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                      | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F0326C3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    850000 | PA      | $786231.30    | 0.35%             | 2055-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                      | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F0406C6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    950000 | PA      | $905045.05    | 0.40%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                      | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F0426C2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3150000 | PA      | $3083632.65   | 1.36%             | 2055-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                      | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F0506C5<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2300000 | PA      | $2295931.30   | 1.01%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                      | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F0526C1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3875000 | PA      | $3924793.75   | 1.73%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                      | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F0606C4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   2950000 | PA      | $3020770.50   | 1.33%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Allstate Corp/The                              | Allstate Corp.                                                                | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |       270 | NS      | $57504.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLSTATE CORP                                  | Allstate Corp.                                                                | CUSIP: 020002AS0<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105383.77    | 0.05%             | 2035-05-09      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                                   | Alphabet, Inc.                                                                | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      4439 | NS      | $1421012.68   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                   | Alphabet, Inc.                                                                | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     22117 | NS      | $7081421.06   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                 | Amazon.com, Inc.                                                              | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     29640 | NS      | $6912640.80   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM INC                                 | Amazon.com, Inc.                                                              | CUSIP: 023135BT2<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    150000 | PA      | $92535.82     | 0.04%             | 2050-06-03      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Ameren Corp                                    | Ameren Corp.                                                                  | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |       512 | NS      | $54451.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN AIRLINES INC                          | American Airlines, Inc.                                                       | CUSIP: 023771T32<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |     68000 | PA      | $69612.69     | 0.03%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES INC                          | American Airlines, Inc.                                                       | CUSIP: 023771T40<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52232.19     | 0.02%             | 2029-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                        | American Axle & Manufacturing, Inc.                                           | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100994.30    | 0.04%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co Inc                 | American Electric Power Co., Inc.                                             | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      1042 | NS      | $128968.34    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                            | American Express Co.                                                          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       539 | NS      | $196880.53    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc               | American International Group, Inc.                                            | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |       545 | NS      | $41507.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc                    | American Water Works Co., Inc.                                                | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |       376 | NS      | $48906.32     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                                    | Cencora, Inc.                                                                 | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       152 | NS      | $56077.36     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                       | Ameriprise Financial, Inc.                                                    | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |        94 | NS      | $42839.56     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                                     | AMETEK, Inc.                                                                  | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |       181 | NS      | $35818.09     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                      | Amgen, Inc.                                                                   | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |       456 | NS      | $157529.76    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                      | Amgen, Inc.                                                                   | CUSIP: 031162DR8<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156338.46    | 0.07%             | 2033-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp                                  | Amphenol Corp.                                                                | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |      1070 | NS      | $150763.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AMSTED INDUSTRIES                              | Amsted Industries, Inc.                                                       | CUSIP: 032177AJ6<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |     60000 | PA      | $59180.11     | 0.03%             | 2030-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AMSTED INDUSTRIES                              | Amsted Industries, Inc.                                                       | CUSIP: 032177AK3<br>LEI: N2VLGYMEEBIU3PFSUY86 | Long             | DBT              | CORP              | US        |     86000 | PA      | $88973.02     | 0.04%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Analog Devices Inc                             | Analog Devices, Inc.                                                          | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |       430 | NS      | $114096.20    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                        | Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.                  | CUSIP: 03522AAH3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $74945.65     | 0.03%             | 2036-02-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH CO/INBEV                        | Anheuser-Busch Cos. LLC/Anheuser-Busch InBev Worldwide, Inc.                  | CUSIP: 03522AAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $122436.89    | 0.05%             | 2046-02-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Elevance Health Inc                            | Elevance Health, Inc.                                                         | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |       183 | NS      | $61901.58     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI                       | Antero Midstream Partners LP/Antero Midstream Finance Corp.                   | CUSIP: 03690AAH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     37000 | PA      | $37122.01     | 0.02%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| APA Corp                                       | APA Corp.                                                                     | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |       209 | NS      | $5218.73      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc                   | Apollo Global Management, Inc.                                                | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |      5628 | NS      | $742051.80    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                      | Apple, Inc.                                                                   | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     32149 | NS      | $8964748.65   | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC                                      | Apple, Inc.                                                                   | CUSIP: 037833AL4<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    160000 | PA      | $137665.86    | 0.06%             | 2043-05-04      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| APPLE INC                                      | Apple, Inc.                                                                   | CUSIP: 037833BA7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    100000 | PA      | $79708.08     | 0.04%             | 2045-02-09      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Applied Materials Inc                          | Applied Materials, Inc.                                                       | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |       697 | NS      | $175818.25    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AppLovin Corp                                  | AppLovin Corp.                                                                | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |      1019 | NS      | $610870.12    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN                       | Archrock Partners LP/Archrock Partners Finance Corp.                          | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     11000 | PA      | $11067.54     | 0.00%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                                     | Arcosa, Inc.                                                                  | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |     37000 | PA      | $38878.42     | 0.02%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Arista Networks Inc                            | Arista Networks, Inc.                                                         | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |      6892 | NS      | $900646.56    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTERA SERVICES LLC                            | Artera Services LLC                                                           | CUSIP: 04302XAA2<br>LEI: 549300J2G34D0WX8Z443 | Long             | DBT              | CORP              | US        |     89000 | PA      | $76935.72     | 0.03%             | 2031-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP                        | Asbury Automotive Group, Inc.                                                 | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19617.93     | 0.01%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                       | Ascent Resources Utica Holdings LLC/ARU Finance Corp.                         | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     87000 | PA      | $87269.96     | 0.04%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                       | Ascent Resources Utica Holdings LLC/ARU Finance Corp.                         | CUSIP: 04364VAX1<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51142.95     | 0.02%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE                       | Ashton Woods USA LLC/Ashton Woods Finance Co.                                 | CUSIP: 045086AM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     37000 | PA      | $35057.50     | 0.02%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Assurant Inc                                   | Assurant, Inc.                                                                | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |        67 | NS      | $15286.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                              | Atmos Energy Corp.                                                            | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |       309 | NS      | $54498.33     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                   | Autodesk, Inc.                                                                | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |       184 | NS      | $55814.56     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                  | Automatic Data Processing, Inc.                                               | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       337 | NS      | $86036.10     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                                   | AutoZone, Inc.                                                                | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        15 | NS      | $59314.95     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                        | Avis Budget Car Rental LLC/Avis Budget Finance, Inc.                          | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $10298.41     | 0.00%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc                            | Axon Enterprise, Inc.                                                         | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |        62 | NS      | $33488.68     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AXON ENTERPRISE INC                            | Axon Enterprise, Inc.                                                         | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |     43000 | PA      | $44643.98     | 0.02%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BMO Mortgage Trust                             | BMO Mortgage Trust                                                            | CUSIP: 05610CAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $514080.95    | 0.23%             | 2056-02-15      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| Baker Hughes Co                                | Baker Hughes Co.                                                              | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       541 | NS      | $27158.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                      | Ball Corp.                                                                    | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |       108 | NS      | $5349.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                           | Bank of America Corp.                                                         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      6781 | NS      | $363800.65    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of New York Mellon Corp/The               | Bank of New York Mellon Corp.                                                 | CUSIP: 064058100<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EC               | CORP              | US        |       677 | NS      | $75891.70     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NOVA SCOTIA                            | Bank of Nova Scotia                                                           | CUSIP: 06417XAG6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    100000 | PA      | $97634.31     | 0.04%             | 2037-05-04      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| Bank                                           | Bank                                                                          | CUSIP: 06541UBW5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $309909.95    | 0.14%             | 2053-12-15      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                   | Barclays PLC                                                                  | CUSIP: 06738ECA1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $211379.54    | 0.09%             | 2033-08-09      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Baxter International Inc                       | Baxter International, Inc.                                                    | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |       301 | NS      | $5640.74      | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Becton Dickinson & Co                          | Becton Dickinson & Co.                                                        | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |       225 | NS      | $43654.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                               | W.R. Berkley Corp.                                                            | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |       257 | NS      | $19966.33     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HATHAWAY ENERG                       | Berkshire Hathaway Energy Co.                                                 | CUSIP: 084659AR2<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |     50000 | PA      | $42262.07     | 0.02%             | 2049-01-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| BERKSHIRE HATHAWAY FIN                         | Berkshire Hathaway Finance Corp.                                              | CUSIP: 084664CR0<br>LEI: 549300RLHFT5RU20WM87 | Long             | DBT              | CORP              | US        |    100000 | PA      | $86059.14     | 0.04%             | 2049-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Inc                         | Berkshire Hathaway, Inc.                                                      | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      4641 | NS      | $2384592.21   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                                | Best Buy Co., Inc.                                                            | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |       186 | NS      | $14746.08     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories Inc                       | Bio-Rad Laboratories, Inc.                                                    | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      3160 | NS      | $1026557.60   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Biogen Inc                                     | Biogen, Inc.                                                                  | CUSIP: 09062X103<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | EC               | CORP              | US        |       125 | NS      | $22761.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                                | Bio-Techne Corp.                                                              | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |       124 | NS      | $7999.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Blackstone Inc                                 | Blackstone, Inc.                                                              | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |       734 | NS      | $107472.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                                  | Blackrock, Inc.                                                               | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      1038 | NS      | $1087097.40   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE RACER MID LLC/FINAN                       | Blue Racer Midstream LLC/Blue Racer Finance Corp.                             | CUSIP: 095796AK4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     82000 | PA      | $87190.44     | 0.04%             | 2032-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BLUE OWL TECHNOLOGY FINA                       | Blue Owl Technology Finance Corp.                                             | CUSIP: 095924AA4<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    172000 | PA      | $172405.66    | 0.08%             | 2028-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Boeing Co/The                                  | Boeing Co.                                                                    | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |      4001 | NS      | $756189.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BOMBARDIER INC                                 | Bombardier, Inc.                                                              | CUSIP: 097751BT7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |      3000 | PA      | $3008.87      | 0.00%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                 | Bombardier, Inc.                                                              | CUSIP: 097751CA7<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     89000 | PA      | $96083.87     | 0.04%             | 2030-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                 | Bombardier, Inc.                                                              | CUSIP: 097751CB5<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     10000 | PA      | $10651.73     | 0.00%             | 2031-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                 | Bombardier, Inc.                                                              | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |     92000 | PA      | $96933.87     | 0.04%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Booking Holdings Inc                           | Booking Holdings, Inc.                                                        | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        28 | NS      | $137611.32    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp                         | Boston Scientific Corp.                                                       | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |      6831 | NS      | $693892.98    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BRINK'S CO/THE                                 | Brink's Co.                                                                   | CUSIP: 109696AC8<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | DBT              | CORP              | US        |    255000 | PA      | $263303.57    | 0.12%             | 2029-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co                        | Bristol-Myers Squibb Co.                                                      | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     29588 | NS      | $1455729.60   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOW GROUP INC                              | Bristow Group, Inc.                                                           | CUSIP: 11040GAA1<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |    208000 | PA      | $209518.40    | 0.09%             | 2028-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Broadridge Financial Solutions Inc             | Broadridge Financial Solutions, Inc.                                          | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |       102 | NS      | $23265.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                   | Broadcom, Inc.                                                                | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     10241 | NS      | $4126713.36   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                   | Broadcom, Inc.                                                                | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150760.99    | 0.07%             | 2037-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Brown & Brown Inc                              | Brown & Brown, Inc.                                                           | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |       261 | NS      | $20992.23     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BUCKEYE PARTNERS LP                            | Buckeye Partners LP                                                           | CUSIP: 118230AV3<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     22000 | PA      | $22916.48     | 0.01%             | 2029-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                            | Buckeye Partners LP                                                           | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |     62000 | PA      | $64936.32     | 0.03%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Builders FirstSource Inc                       | Builders FirstSource, Inc.                                                    | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |       104 | NS      | $11671.92     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BURLINGTN NORTH SANTA FE                       | Burlington Northern Santa Fe LLC                                              | CUSIP: 12189LAP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $157484.46    | 0.07%             | 2043-09-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Burlington Stores Inc                          | Burlington Stores, Inc.                                                       | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |      2269 | NS      | $572309.87    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC/CCO Holdings Capital Corp.                                   | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    139000 | PA      | $137645.81    | 0.06%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC/CCO Holdings Capital Corp.                                   | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    122000 | PA      | $116202.21    | 0.05%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC/CCO Holdings Capital Corp.                                   | CUSIP: 1248EPCK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    143000 | PA      | $131736.10    | 0.06%             | 2031-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                         | CCO Holdings LLC/CCO Holdings Capital Corp.                                   | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $33893.12     | 0.01%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Cboe Global Markets Inc                        | Cboe Global Markets, Inc.                                                     | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |       109 | NS      | $28140.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp/DE                                    | CDW Corp.                                                                     | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |       106 | NS      | $15287.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CCG Receivables Trust                          | CCG Receivables Trust                                                         | CUSIP: 12515PAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    318902 | PA      | $321589.08    | 0.14%             | 2032-03-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| CENT Trust                                     | CENT Trust                                                                    | CUSIP: 12517TAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $508814.25    | 0.22%             | 2040-07-10      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| CF Industries Holdings Inc                     | CF Industries Holdings, Inc.                                                  | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |        60 | NS      | $4722.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CF INDUSTRIES INC                              | CF Industries, Inc.                                                           | CUSIP: 12527GAF0<br>LEI: 5FVKT86LAD2F40NPC183 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201901.60    | 0.09%             | 2034-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CH Robinson Worldwide Inc                      | CH Robinson Worldwide, Inc.                                                   | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |       108 | NS      | $17157.96     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems, Inc.                                            | CUSIP: 12543DBH2<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     57000 | PA      | $56995.35     | 0.03%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems, Inc.                                            | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     43000 | PA      | $38807.66     | 0.02%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems, Inc.                                            | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56681.72     | 0.02%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                       | CHS/Community Health Systems, Inc.                                            | CUSIP: 12543DBN9<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     67000 | PA      | $72368.38     | 0.03%             | 2032-01-15      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Cigna Group/The                                | Cigna Group                                                                   | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |       222 | NS      | $61556.16     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                  | CME Group, Inc.                                                               | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       355 | NS      | $99918.30     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CME GROUP INC                                  | CME Group, Inc.                                                               | CUSIP: 12572QAJ4<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150062.18    | 0.07%             | 2028-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corp                                | CMS Energy Corp.                                                              | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |       566 | NS      | $42699.04     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                       | CSX Corp.                                                                     | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |      1545 | NS      | $54631.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX MIDSTREAM PART LP                          | CNX Midstream Partners LP                                                     | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    105000 | PA      | $100708.83    | 0.04%             | 2030-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp                                | CVS Health Corp.                                                              | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      1043 | NS      | $83815.48     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                             | Coterra Energy, Inc.                                                          | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |       423 | NS      | $11353.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                     | Cadence Design Systems, Inc.                                                  | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |       232 | NS      | $72346.88     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CAESARS ENTERTAIN INC                          | Caesars Entertainment, Inc.                                                   | CUSIP: 12769GAC4<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25428.80     | 0.01%             | 2032-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                          | Caesars Entertainment, Inc.                                                   | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     55000 | PA      | $52471.68     | 0.02%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                   | Calpine Corp.                                                                 | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |     77000 | PA      | $77215.99     | 0.03%             | 2028-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                   | Calpine Corp.                                                                 | CUSIP: 131347CP9<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29779.38     | 0.01%             | 2029-02-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                         | Canadian Imperial Bank of Commerce                                            | CUSIP: 13607LWW9<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $164178.25    | 0.07%             | 2033-10-03      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                       | Canadian Pacific Railway Co.                                                  | CUSIP: 13645RBG8<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $113350.20    | 0.05%             | 2041-12-02      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp                     | Capital One Financial Corp.                                                   | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      9161 | NS      | $2006900.27   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                       | Capital One Financial Corp.                                                   | CUSIP: 14040HBK0<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199368.16    | 0.09%             | 2026-07-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                       | Capital One Financial Corp.                                                   | CUSIP: 14040HCY9<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    450000 | PA      | $473747.13    | 0.21%             | 2034-02-01      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| Cardinal Health Inc                            | Cardinal Health, Inc.                                                         | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |       205 | NS      | $43513.30     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Carnival Corp                                  | Carnival Corp.                                                                | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |       892 | NS      | $22995.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| CARNIVAL CORP                                  | Carnival Corp.                                                                | CUSIP: 143658BZ4<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    160000 | PA      | $164744.16    | 0.07%             | 2031-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corp                            | Carrier Global Corp.                                                          | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |       636 | NS      | $34903.68     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CARRIER GLOBAL CORP                            | Carrier Global Corp.                                                          | CUSIP: 14448CBD5<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |    100000 | PA      | $109904.24    | 0.05%             | 2054-03-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Caterpillar Inc                                | Caterpillar, Inc.                                                             | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       390 | NS      | $224546.40    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese U.S. Holdings LLC                                                    | CUSIP: 15089QAN4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    215000 | PA      | $222275.39    | 0.10%             | 2029-07-15      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                       | Celanese U.S. Holdings LLC                                                    | CUSIP: 15089QAP9<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255053.25    | 0.11%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Celsius Holdings Inc                           | Celsius Holdings, Inc.                                                        | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5118 | NS      | $209530.92    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                                   | Centene Corp.                                                                 | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |       384 | NS      | $15106.56     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTENE CORP                                   | Centene Corp.                                                                 | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48335.77     | 0.02%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                   | Centene Corp.                                                                 | CUSIP: 15135BAY7<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    100000 | PA      | $93225.10     | 0.04%             | 2028-07-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Inc                         | CenterPoint Energy, Inc.                                                      | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |      1207 | NS      | $48255.86     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dayforce Inc                                   | Dayforce, Inc.                                                                | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |       114 | NS      | $7877.40      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International Inc   | Charles River Laboratories International, Inc.                                | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |        35 | NS      | $6234.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                       | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175BK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $248599.15    | 0.11%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Charter Communications Inc                     | Charter Communications, Inc.                                                  | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |        86 | NS      | $17210.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| CHEMOURS CO                                    | Chemours Co.                                                                  | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |     45000 | PA      | $40198.28     | 0.02%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                    | Chemours Co.                                                                  | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |     64000 | PA      | $62264.93     | 0.03%             | 2033-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Expand Energy Corp                             | Expand Energy Corp.                                                           | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |     10254 | NS      | $1250270.22   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                                   | Chevron Corp.                                                                 | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1089 | NS      | $164580.57    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                     | Chipotle Mexican Grill, Inc.                                                  | CUSIP: 169656105<br>LEI: 529900REP5VGTPCP1J71 | Long             | EC               | CORP              | US        |      1122 | NS      | $38731.44     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cincinnati Financial Corp                      | Cincinnati Financial Corp.                                                    | CUSIP: 172062101<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | EC               | CORP              | US        |       165 | NS      | $27652.35     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                              | Cisco Systems, Inc.                                                           | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      3432 | NS      | $264058.08    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS INC                              | Cisco Systems, Inc.                                                           | CUSIP: 17275RBT8<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103778.34    | 0.05%             | 2034-02-26      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                              | Cisco Systems, Inc.                                                           | CUSIP: 17275RBU5<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49001.28     | 0.02%             | 2054-02-26      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Cintas Corp                                    | Cintas Corp.                                                                  | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       278 | NS      | $51713.56     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Commercial Mortgage Trust            | Citigroup Commercial Mortgage Trust                                           | CUSIP: 17291DAD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $349417.67    | 0.15%             | 2051-06-10      | Variable      | 4.23%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                  | Citigroup, Inc.                                                               | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      1860 | NS      | $192696.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                  | Citigroup, Inc.                                                               | CUSIP: 172967HA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    200000 | PA      | $225884.85    | 0.10%             | 2043-09-13      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                  | Citigroup, Inc.                                                               | CUSIP: 172967ME8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173689.92    | 0.08%             | 2030-03-20      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group Inc                   | Citizens Financial Group, Inc.                                                | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |       351 | NS      | $18989.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CIVITAS RESOURCES INC                          | Civitas Resources, Inc.                                                       | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |     81000 | PA      | $84348.78     | 0.04%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                       | Clear Channel Outdoor Holdings, Inc.                                          | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     37000 | PA      | $37010.80     | 0.02%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                       | Clear Channel Outdoor Holdings, Inc.                                          | CUSIP: 18453HAF3<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |     52000 | PA      | $54787.36     | 0.02%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CLEARWAY ENERGY OP LLC                         | Clearway Energy Operating LLC                                                 | CUSIP: 18539UAC9<br>LEI: 549300Z3NFMM54NWBB87 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64984.46     | 0.03%             | 2028-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs, Inc.                                                        | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     92000 | PA      | $94304.23     | 0.04%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs, Inc.                                                        | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46298.39     | 0.02%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                           | Cleveland-Cliffs, Inc.                                                        | CUSIP: 185899AS0<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26146.03     | 0.01%             | 2031-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                         | Cloud Software Group, Inc.                                                    | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    118000 | PA      | $121720.89    | 0.05%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Cognizant Technology Solutions Corp            | Cognizant Technology Solutions Corp.                                          | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Long             | EC               | CORP              | US        |       406 | NS      | $31550.26     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                            | Coinbase Global, Inc.                                                         | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |       225 | NS      | $61384.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                                   | Comcast Corp.                                                                 | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |      3549 | NS      | $94722.81     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                   | Comcast Corp.                                                                 | CUSIP: 20030NDS7<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    239000 | PA      | $144604.20    | 0.06%             | 2051-11-01      | Fixed         | 2.89%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips                                 | ConocoPhillips                                                                | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |       744 | NS      | $65985.36     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS COMPANY                         | ConocoPhillips Co.                                                            | CUSIP: 20826FBC9<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |     50000 | PA      | $41284.77     | 0.02%             | 2042-03-15      | Fixed         | 3.76%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC                        | Consolidated Edison Co. of New York, Inc.                                     | CUSIP: 209111GG2<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104319.51    | 0.05%             | 2053-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Inc                        | Consolidated Edison, Inc.                                                     | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |       678 | NS      | $68044.08     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp                      | Constellation Energy Corp.                                                    | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |       597 | NS      | $217522.92    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cooper Cos Inc/The                             | Cooper Cos., Inc.                                                             | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     10222 | NS      | $796600.46    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                     | Copart, Inc.                                                                  | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |       778 | NS      | $30326.44     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                                    | Corning, Inc.                                                                 | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |       698 | NS      | $58771.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Corpay Inc                                     | Corpay, Inc.                                                                  | CUSIP: 219948106<br>LEI: 549300DG6RR0NQSFLN74 | Long             | EC               | CORP              | US        |        80 | NS      | $23664.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association, TBA                                 | CUSIP: 21H0326C9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1500000 | PA      | $1376016.00   | 0.61%             | 2055-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association, TBA                                 | CUSIP: 21H0406C2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    925000 | PA      | $877551.20    | 0.39%             | 2055-12-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association, TBA                                 | CUSIP: 21H0426C8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    400000 | PA      | $391253.20    | 0.17%             | 2055-12-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association, TBA                                 | CUSIP: 21H0506C1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    475000 | PA      | $474345.45    | 0.21%             | 2055-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Corteva Inc                                    | Corteva, Inc.                                                                 | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |       238 | NS      | $16057.86     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                       | Crowdstrike Holdings, Inc.                                                    | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       214 | NS      | $108960.24    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                    | Cummins, Inc.                                                                 | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |       117 | NS      | $58263.66     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                                  | DR Horton, Inc.                                                               | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |       225 | NS      | $35777.25     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE Energy Co                                  | DTE Energy Co.                                                                | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |       408 | NS      | $55908.24     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ELECTRIC CO                                | DTE Electric Co.                                                              | CUSIP: 23338VAQ9<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    200000 | PA      | $185743.30    | 0.08%             | 2032-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DTE ELECTRIC CO                                | DTE Electric Co.                                                              | CUSIP: 23338VAV8<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104082.24    | 0.05%             | 2034-03-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| DLLMT LLC                                      | DLLMT LLC                                                                     | CUSIP: 23347AAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475000 | PA      | $479201.57    | 0.21%             | 2028-08-21      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| Danaher Corp                                   | Danaher Corp.                                                                 | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       535 | NS      | $121327.30    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc                         | Darden Restaurants, Inc.                                                      | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |       110 | NS      | $19753.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                                    | Datadog, Inc.                                                                 | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |       280 | NS      | $44802.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DaVita Inc                                     | DaVita, Inc.                                                                  | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |        40 | NS      | $4787.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DAVITA INC                                     | DaVita, Inc.                                                                  | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    105000 | PA      | $101843.46    | 0.04%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                     | DaVita, Inc.                                                                  | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     25000 | PA      | $26013.20     | 0.01%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Deckers Outdoor Corp                           | Deckers Outdoor Corp.                                                         | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |       144 | NS      | $12676.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                     | Deere & Co.                                                                   | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |       215 | NS      | $99865.35     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Equipment Finance Trust                   | Dell Equipment Finance Trust                                                  | CUSIP: 24702GAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $152502.51    | 0.07%             | 2030-09-23      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                   | Dell Equipment Finance Trust                                                  | CUSIP: 24703GAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    525000 | PA      | $527570.82    | 0.23%             | 2029-01-22      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| Dell Technologies Inc                          | Dell Technologies, Inc.                                                       | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |       246 | NS      | $32804.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                            | Delta Air Lines, Inc.                                                         | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |       563 | NS      | $36088.30     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA AIR LINES INC                            | Delta Air Lines, Inc.                                                         | CUSIP: 247361A32<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102664.74    | 0.05%             | 2030-07-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC                            | Delta Air Lines, Inc.                                                         | CUSIP: 247361ZN1<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100214.64    | 0.04%             | 2028-04-19      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES 2020-AA                        | Delta Air Lines Pass-Through Trust                                            | CUSIP: 247361ZV3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     77113 | PA      | $74042.53     | 0.03%             | 2028-06-10      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                               | Deutsche Bank AG                                                              | CUSIP: 25160PAH0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    150000 | PA      | $147173.56    | 0.06%             | 2028-01-07      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corp                              | Devon Energy Corp.                                                            | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     19588 | NS      | $725931.28    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Dexcom Inc                                     | Dexcom, Inc.                                                                  | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |       330 | NS      | $20945.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                         | Diamondback Energy, Inc.                                                      | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |        98 | NS      | $14953.82     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DIRECTV FIN LLC/COINC                          | Directv Financing LLC/Directv Financing Co-Obligor, Inc.                      | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      7000 | PA      | $7002.07      | 0.00%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                          | Directv Financing LLC                                                         | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    131000 | PA      | $130057.62    | 0.06%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC                          | Directv Financing LLC/Directv Financing Co-Obligor, Inc.                      | CUSIP: 25461LAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     13000 | PA      | $12913.28     | 0.01%             | 2031-02-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Walt Disney Co/The                             | Walt Disney Co.                                                               | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     11191 | NS      | $1169123.77   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| WALT DISNEY COMPANY/THE                        | Walt Disney Co.                                                               | CUSIP: 254687EX0<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    120000 | PA      | $114194.43    | 0.05%             | 2045-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                              | DISH Network Corp.                                                            | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |     85000 | PA      | $88757.85     | 0.04%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Dollar General Corp                            | Dollar General Corp.                                                          | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      6964 | NS      | $762488.36    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                            | Dominion Energy, Inc.                                                         | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      1614 | NS      | $101310.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Domino's Pizza Inc                             | Domino's Pizza, Inc.                                                          | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |        22 | NS      | $9231.86      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                   | DoorDash, Inc.                                                                | CUSIP: 25809K105<br>LEI: 549300NUQ43FGGSK5051 | Long             | EC               | CORP              | US        |       296 | NS      | $58717.52     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                  | Purchased USD / Sold AUD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-661.68      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                  | Purchased EUR / Sold USD                                                      | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |         1 | NC      | $-12599.68    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                         | Purchased USD / Sold JPY                                                      | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $3462.37      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Dover Corp                                     | Dover Corp.                                                                   | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |       140 | NS      | $25939.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dow Inc                                        | Dow, Inc.                                                                     | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |       260 | NS      | $6201.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Drive Auto Receivables Trust                   | Drive Auto Receivables Trust                                                  | CUSIP: 26208WAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11948 | PA      | $11953.22     | 0.01%             | 2028-02-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                               | Duke Energy Corp.                                                             | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      1514 | NS      | $187645.16    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY OHIO INC                           | Duke Energy Ohio, Inc.                                                        | CUSIP: 26442EAG5<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |    250000 | PA      | $208434.34    | 0.09%             | 2049-02-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| DuPont de Nemours Inc                          | DuPont de Nemours, Inc.                                                       | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |       147 | NS      | $5846.19      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                              | EOG Resources, Inc.                                                           | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |       294 | NS      | $31707.90     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                       | EQT Corp.                                                                     | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |       336 | NS      | $20448.96     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT CORP                                       | EQT Corp.                                                                     | CUSIP: 26884LAM1<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148994.64    | 0.07%             | 2026-05-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| eBay Inc                                       | eBay, Inc.                                                                    | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |       363 | NS      | $30052.77     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                                     | Ecolab, Inc.                                                                  | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |        74 | NS      | $20361.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Edison International                           | Edison International                                                          | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |       714 | NS      | $42047.46     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EDISON INTERNATIONAL                           | Edison International                                                          | CUSIP: 281020AZ0<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |     37000 | PA      | $38482.33     | 0.02%             | 2054-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Edwards Lifesciences Corp                      | Edwards Lifesciences Corp.                                                    | CUSIP: 28176E108<br>LEI: YA13X31F3V31L8TMPR58 | Long             | EC               | CORP              | US        |       512 | NS      | $44375.04     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                            | Electronic Arts, Inc.                                                         | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |       211 | NS      | $42628.33     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                                | EMCOR Group, Inc.                                                             | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |        34 | NS      | $20912.38     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                            | Emerson Electric Co.                                                          | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |       463 | NS      | $61754.94     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE ENERGY PARTNERS                       | Enbridge Energy Partners LP                                                   | CUSIP: 29250RAX4<br>LEI: CZ6VG2MNE1J6YDI02G48 | Long             | DBT              | CORP              | US        |    100000 | PA      | $118236.32    | 0.05%             | 2045-10-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                         | Energizer Holdings, Inc.                                                      | CUSIP: 29272WAC3<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    180000 | PA      | $177760.51    | 0.08%             | 2028-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ENERGIZER HOLDINGS INC                         | Energizer Holdings, Inc.                                                      | CUSIP: 29272WAD1<br>LEI: 5493000D6NN0V57UME20 | Long             | DBT              | CORP              | US        |    121000 | PA      | $115113.97    | 0.05%             | 2029-03-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                            | CUSIP: 29273RBA6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     75000 | PA      | $74481.98     | 0.03%             | 2066-11-01      | Floating      | 7.13%                 | No            |                  2 | On Loan: No      |
| Entergy Corp                                   | Entergy Corp.                                                                 | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |       868 | NS      | $84647.36     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing LLC                                                | CUSIP: 29374MAB4<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |    801250 | PA      | $803695.03    | 0.35%             | 2027-07-20      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing LLC                                                | CUSIP: 29375NAB1<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |    216588 | PA      | $217813.36    | 0.10%             | 2030-04-22      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing LLC                                                | CUSIP: 29375RAB2<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |     59256 | PA      | $59502.25     | 0.03%             | 2026-12-20      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                 | Enterprise Fleet Financing LLC                                                | CUSIP: 29375TAB8<br>LEI: RKWYUSIDZTWNAX1D9U96 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200820.52    | 0.09%             | 2028-02-22      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| EPAM Systems Inc                               | EPAM Systems, Inc.                                                            | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |        52 | NS      | $9724.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                                    | Equifax, Inc.                                                                 | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |       117 | NS      | $24847.29     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Erie Indemnity Co                              | Erie Indemnity Co.                                                            | CUSIP: 29530P102<br>LEI: 549300WA5KP94KRUFZ80 | Long             | EC               | CORP              | US        |        26 | NS      | $7682.74      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                     | Evergy, Inc.                                                                  | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |       404 | NS      | $31370.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy                              | Eversource Energy                                                             | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |       708 | NS      | $47563.44     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERSOURCE ENERGY                              | Eversource Energy                                                             | CUSIP: 30040WAX6<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206736.75    | 0.09%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Exelon Corp                                    | Exelon Corp.                                                                  | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |      1992 | NS      | $93863.04     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELON CORP                                    | Exelon Corp.                                                                  | CUSIP: 30161NAU5<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69799.74     | 0.03%             | 2026-04-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| EXELON CORP                                    | Exelon Corp.                                                                  | CUSIP: 30161NAV3<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    200000 | PA      | $171053.79    | 0.08%             | 2046-04-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust            | Exeter Automobile Receivables Trust                                           | CUSIP: 30166UAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $151388.09    | 0.07%             | 2030-08-15      | Fixed         | 5.48%                 | No            |                  2 | On Loan: No      |
| Expedia Group Inc                              | Expedia Group, Inc.                                                           | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |       105 | NS      | $26847.45     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP INC                              | Expedia Group, Inc.                                                           | CUSIP: 30212PAP0<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99333.37     | 0.04%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Expeditors International of Washington Inc     | Expeditors International of Washington, Inc.                                  | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |       127 | NS      | $18656.30     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE LP                         | Extra Space Storage LP                                                        | CUSIP: 30225VAS6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |    200000 | PA      | $206176.95    | 0.09%             | 2034-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp                               | Exxon Mobil Corp.                                                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      5038 | NS      | $584004.96    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORPORATION                        | Exxon Mobil Corp.                                                             | CUSIP: 30231GAW2<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | DBT              | CORP              | US        |     50000 | PA      | $42643.80     | 0.02%             | 2046-03-01      | Fixed         | 4.11%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                       | Fortescue Treasury Pty. Ltd.                                                  | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |     15000 | PA      | $15493.96     | 0.01%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                       | Fortescue Treasury Pty. Ltd.                                                  | CUSIP: 30251GBE6<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |     76000 | PA      | $79326.98     | 0.03%             | 2032-04-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                             | Meta Platforms, Inc.                                                          | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      5463 | NS      | $3539750.85   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| META PLATFORMS INC                             | Meta Platforms, Inc.                                                          | CUSIP: 30303M8V7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |     50000 | PA      | $48494.59     | 0.02%             | 2054-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FactSet Research Systems Inc                   | FactSet Research Systems, Inc.                                                | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |        47 | NS      | $13031.69     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Fair Isaac Corp                                | Fair Isaac Corp.                                                              | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |        21 | NS      | $37922.43     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                    | Fastenal Co.                                                                  | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |       903 | NS      | $36481.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128KQV86<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     30043 | PA      | $31412.39     | 0.01%             | 2037-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128M6YJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6450 | PA      | $6632.41      | 0.00%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128M8M68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5619 | PA      | $5878.43      | 0.00%             | 2040-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128MJ2B5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     79908 | PA      | $72681.56     | 0.03%             | 2047-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128MJ2F6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     80294 | PA      | $73032.18     | 0.03%             | 2047-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128MJY61<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     63328 | PA      | $57673.75     | 0.03%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 31292GWC6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6437 | PA      | $6584.29      | 0.00%             | 2028-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DTCV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1167572 | PA      | $1008275.47   | 0.44%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWBP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1411035 | PA      | $1160552.25   | 0.51%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                    | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132L8QW0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     60498 | PA      | $58638.42     | 0.03%             | 2047-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31390MGJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38641 | PA      | $40865.28     | 0.02%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140H2Z43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     53110 | PA      | $49935.21     | 0.02%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140JAPG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    134410 | PA      | $122263.04    | 0.05%             | 2048-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140Q8KB0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    372240 | PA      | $349997.93    | 0.15%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QFUZ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    820921 | PA      | $675384.73    | 0.30%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140QNL75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1566799 | PA      | $1344822.48   | 0.59%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XLDF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    683014 | PA      | $587463.13    | 0.26%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 3140XLG77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    911225 | PA      | $792096.82    | 0.35%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31410KME1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     58757 | PA      | $59403.72     | 0.03%             | 2037-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31416XSV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10199 | PA      | $10041.49     | 0.00%             | 2041-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31417KTY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5384 | PA      | $5632.47      | 0.00%             | 2039-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31417L5L5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3242 | PA      | $3330.77      | 0.00%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31418CMX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     31548 | PA      | $31436.34     | 0.01%             | 2047-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31418DLT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    140336 | PA      | $126454.49    | 0.06%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31418DNG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1177918 | PA      | $1015687.34   | 0.45%             | 2050-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31418DV74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    400486 | PA      | $329346.09    | 0.15%             | 2051-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31418DXK3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    397699 | PA      | $326983.33    | 0.14%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31418TK89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2807 | PA      | $2883.69      | 0.00%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                     | Federal National Mortgage Association                                         | CUSIP: 31419AGZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20085 | PA      | $19773.53     | 0.01%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FedEx Corp                                     | FedEx Corp.                                                                   | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       190 | NS      | $52379.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                         | F5, Inc.                                                                      | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |        57 | NS      | $13632.12     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc     | Fidelity National Information Services, Inc.                                  | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |       478 | NS      | $31438.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                            | Fifth Third Bancorp                                                           | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |       639 | NS      | $27770.94     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc/NC               | First Citizens BancShares, Inc.                                               | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       469 | NS      | $880730.41    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp                             | First Horizon Corp.                                                           | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |     41056 | NS      | $917191.04    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                | First Solar, Inc.                                                             | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |        86 | NS      | $23471.12     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                     | Fiserv, Inc.                                                                  | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |       521 | NS      | $32025.87     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                               | FirstEnergy Corp.                                                             | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |      1023 | NS      | $48817.56     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP                               | FirstEnergy Corp.                                                             | CUSIP: 337932AJ6<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |     75000 | PA      | $66555.98     | 0.03%             | 2047-07-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                        | Flagstar Mortgage Trust                                                       | CUSIP: 33849NAB1<br>LEI: 549300H3PON1KOB2RF56 | Long             | ABS-MBS          | CORP              | US        |    117689 | PA      | $111923.85    | 0.05%             | 2048-09-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                       | Florida Power & Light Co.                                                     | CUSIP: 341081FA0<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |     45000 | PA      | $49225.51     | 0.02%             | 2038-02-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Ford Motor Co                                  | Ford Motor Co.                                                                | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |      3340 | NS      | $44355.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                       | Ford Motor Credit Co. LLC                                                     | CUSIP: 345397A86<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    275000 | PA      | $272202.73    | 0.12%             | 2027-08-17      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Fortinet Inc                                   | Fortinet, Inc.                                                                | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |       537 | NS      | $43566.81     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                                   | Fortive Corp.                                                                 | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |       239 | NS      | $12781.72     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION INVESTORS                        | FTAI Aviation Investors LLC                                                   | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    380000 | PA      | $381475.54    | 0.17%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS                        | FTAI Aviation Investors LLC                                                   | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     78000 | PA      | $83043.17     | 0.04%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Fox Corp                                       | Fox Corp.                                                                     | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |       199 | NS      | $13034.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                       | Fox Corp.                                                                     | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |        92 | NS      | $5359.92      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc                         | Franklin Resources, Inc.                                                      | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |       218 | NS      | $4924.62      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                          | Freedom Mortgage Holdings LLC                                                 | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    156000 | PA      | $163546.47    | 0.07%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD                          | Freedom Mortgage Holdings LLC                                                 | CUSIP: 35641AAB4<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |     49000 | PA      | $52430.54     | 0.02%             | 2031-05-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc                           | Freeport-McMoRan, Inc.                                                        | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |       467 | NS      | $20071.66     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GE CAPITAL INTL FUNDING                        | GE Capital International Funding Co. Unlimited Co.                            | CUSIP: 36164QNA2<br>LEI: 549300G6UZOB126GBY72 | Long             | DBT              | CORP              | IE        |    200000 | PA      | $197653.28    | 0.09%             | 2035-11-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                               | GGAM Finance Ltd.                                                             | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    100000 | PA      | $102289.00    | 0.05%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                               | GGAM Finance Ltd.                                                             | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    145000 | PA      | $150456.35    | 0.07%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36178GFG4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     20159 | PA      | $19710.16     | 0.01%             | 2042-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179S2P1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     76980 | PA      | $72280.59     | 0.03%             | 2047-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179SUU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     30514 | PA      | $27903.54     | 0.01%             | 2047-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179TCW3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     82617 | PA      | $75503.57     | 0.03%             | 2047-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179TEY7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     62585 | PA      | $57195.93     | 0.03%             | 2047-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179WBX5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1042847 | PA      | $869879.30    | 0.38%             | 2051-03-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179WBY3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1084106 | PA      | $942351.69    | 0.42%             | 2051-03-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36179XLH7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    477616 | PA      | $479865.26    | 0.21%             | 2052-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36202C6G3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        72 | PA      | $73.25        | 0.00%             | 2028-11-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36202DAN1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       159 | PA      | $162.11       | 0.00%             | 2029-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association       | Government National Mortgage Association                                      | CUSIP: 36211B4Z4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    150568 | PA      | $157538.76    | 0.07%             | 2034-02-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies Inc                 | GE HealthCare Technologies, Inc.                                              | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |       377 | NS      | $30156.23     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                        | Arthur J Gallagher & Co.                                                      | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |       260 | NS      | $64381.20     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                                    | Gartner, Inc.                                                                 | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |        70 | NS      | $16291.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                                 | GE Vernova, Inc.                                                              | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |       226 | NS      | $135548.02    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                           | Generac Holdings, Inc.                                                        | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |        56 | NS      | $8491.28      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                          | General Dynamics Corp.                                                        | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |       214 | NS      | $73108.82     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                            | General Electric Co.                                                          | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |       884 | NS      | $263829.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co                              | General Motors Co.                                                            | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |       810 | NS      | $59551.20     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS CO                              | General Motors Co.                                                            | CUSIP: 37045VAK6<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    200000 | PA      | $218890.64    | 0.10%             | 2036-04-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co                               | Genuine Parts Co.                                                             | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |       130 | NS      | $16952.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GEORGIA POWER CO                               | Georgia Power Co.                                                             | CUSIP: 373334KN0<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |    200000 | PA      | $153056.31    | 0.07%             | 2050-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                            | Gilead Sciences, Inc.                                                         | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      1045 | NS      | $131502.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GILEAD SCIENCES INC                            | Gilead Sciences, Inc.                                                         | CUSIP: 375558BD4<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46286.16     | 0.02%             | 2046-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Global Payments Inc                            | Global Payments, Inc.                                                         | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |       211 | NS      | $15985.36     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL PAYMENTS INC                            | Global Payments, Inc.                                                         | CUSIP: 37940XAR3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96083.35     | 0.04%             | 2052-08-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Globe Life Inc                                 | Globe Life, Inc.                                                              | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |        84 | NS      | $11317.32     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                                    | GoDaddy, Inc.                                                                 | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |       130 | NS      | $16621.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GoldenTree Loan Management US CLO, LTD         | GoldenTree Loan Management U.S. CLO 8 Ltd.                                    | CUSIP: 38136NBE5<br>LEI: 549300LOEERRNVSKVY31 | Long             | ABS-CBDO         | CORP              | KY        |    470000 | PA      | $471289.68    | 0.21%             | 2034-10-20      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                    | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       297 | NS      | $245333.88    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                        | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141GC28<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    111000 | PA      | $115133.42    | 0.05%             | 2030-02-10      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                        | Goldman Sachs Group, Inc.                                                     | CUSIP: 38148LAF3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    360000 | PA      | $342808.47    | 0.15%             | 2045-05-22      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                         | Goodyear Tire & Rubber Co.                                                    | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |    200000 | PA      | $188958.80    | 0.08%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WW Grainger Inc                                | WW Grainger, Inc.                                                             | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |        38 | NS      | $36047.94     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HPEFS Equipment Trust                          | HPEFS Equipment Trust                                                         | CUSIP: 403963AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    925000 | PA      | $928342.95    | 0.41%             | 2031-05-20      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| HCA INC                                        | HCA, Inc.                                                                     | CUSIP: 404119BZ1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    150000 | PA      | $138241.60    | 0.06%             | 2049-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HCA Healthcare Inc                             | HCA Healthcare, Inc.                                                          | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       141 | NS      | $71668.89     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC HOLDINGS PLC                              | HSBC Holdings PLC                                                             | CUSIP: 404280AH2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $221489.46    | 0.10%             | 2037-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HP Inc                                         | HP, Inc.                                                                      | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |       842 | NS      | $20561.64     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HPEFS Equipment Trust                          | HPEFS Equipment Trust                                                         | CUSIP: 40446EAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $656353.17    | 0.29%             | 2033-03-21      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Halliburton Co                                 | Halliburton Co.                                                               | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |       478 | NS      | $12533.16     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The               | Hartford Insurance Group, Inc.                                                | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |       257 | NS      | $35216.71     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The               | Hartford Insurance Group, Inc.                                                | CUSIP: 416515AP9<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | DBT              | CORP              | US        |    150000 | PA      | $162516.88    | 0.07%             | 2041-10-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Hasbro Inc                                     | Hasbro, Inc.                                                                  | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |       116 | NS      | $9581.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO CORP                                     | HEICO Corp.                                                                   | CUSIP: 422806AB5<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |    100000 | PA      | $104647.65    | 0.05%             | 2033-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Jack Henry & Associates Inc                    | Jack Henry & Associates, Inc.                                                 | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      3763 | NS      | $656568.24    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| HERC HOLDINGS INC                              | Herc Holdings, Inc.                                                           | CUSIP: 42704LAE4<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     33000 | PA      | $34224.17     | 0.02%             | 2029-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co                  | Hewlett Packard Enterprise Co.                                                | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |      1086 | NS      | $23750.82     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                       | Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.     | CUSIP: 43283QAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40739.92     | 0.02%             | 2032-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                       | Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.     | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $24020.76     | 0.01%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                       | Hilton Grand Vacations Borrower LLC/Hilton Grand Vacations Borrower, Inc.     | CUSIP: 43284MAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     94000 | PA      | $87063.56     | 0.04%             | 2031-07-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                               | Hilton USA Trust                                                              | CUSIP: 43289VAJ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    425000 | PA      | $42500.00     | 0.02%             | 2035-11-05      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| Hilton Worldwide Holdings Inc                  | Hilton Worldwide Holdings, Inc.                                               | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |       190 | NS      | $54155.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                                    | Hologic, Inc.                                                                 | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |       192 | NS      | $14394.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                             | Home Depot, Inc.                                                              | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       835 | NS      | $298028.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                                 | Home Depot, Inc.                                                              | CUSIP: 437076CD2<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    150000 | PA      | $108371.00    | 0.05%             | 2050-04-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Honeywell International Inc                    | Honeywell International, Inc.                                                 | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       519 | NS      | $99746.61     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                        | Howard Midstream Energy Partners LLC                                          | CUSIP: 442722AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    107000 | PA      | $112937.15    | 0.05%             | 2032-07-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Howmet Aerospace Inc                           | Howmet Aerospace, Inc.                                                        | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |       338 | NS      | $69151.42     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                    | Hubbell, Inc.                                                                 | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |        48 | NS      | $20708.64     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Yards                                   | Hudson Yards Mortgage Trust                                                   | CUSIP: 44421LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    520000 | PA      | $512791.86    | 0.23%             | 2038-08-10      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| Humana Inc                                     | Humana, Inc.                                                                  | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       107 | NS      | $26297.39     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc                 | JB Hunt Transport Services, Inc.                                              | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |        36 | NS      | $6262.56      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH                   | Huntington Bancshares, Inc.                                                   | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |      1568 | NS      | $25558.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries Inc              | Huntington Ingalls Industries, Inc.                                           | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |        35 | NS      | $10976.70     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HUNTSMAN INTERNATIONAL L                       | Huntsman International LLC                                                    | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |    180000 | PA      | $172211.34    | 0.08%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HUSKY INJECTION / TITAN                        | Husky Injection Molding Systems Ltd./Titan Co-Borrower LLC                    | CUSIP: 44805RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     89000 | PA      | $93672.50     | 0.04%             | 2029-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust        | Hyundai Auto Lease Securitization Trust                                       | CUSIP: 44935DAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    275000 | PA      | $278774.84    | 0.12%             | 2029-08-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                          | Icahn Enterprises LP/Icahn Enterprises Finance Corp.                          | CUSIP: 451102BT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     17000 | PA      | $16983.73     | 0.01%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                          | Icahn Enterprises LP/Icahn Enterprises Finance Corp.                          | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    189000 | PA      | $186571.12    | 0.08%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                          | Icahn Enterprises LP/Icahn Enterprises Finance Corp.                          | CUSIP: 451102CF2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50373.00     | 0.02%             | 2029-01-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                          | Icahn Enterprises LP/Icahn Enterprises Finance Corp.                          | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $5028.12      | 0.00%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| IDEX Corp                                      | IDEX Corp.                                                                    | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |        60 | NS      | $10435.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc                         | IDEXX Laboratories, Inc.                                                      | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |        72 | NS      | $54207.36     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                        | Illinois Tool Works, Inc.                                                     | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |       223 | NS      | $55589.44     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corp                                    | Incyte Corp.                                                                  | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |       113 | NS      | $11803.98     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                             | Ingersoll Rand, Inc.                                                          | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     15757 | NS      | $1265917.38   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| INSTALLED BUILDING PRODU                       | Installed Building Products, Inc.                                             | CUSIP: 45780RAA9<br>LEI: 549300I95Y9P9YM5FI86 | Long             | DBT              | CORP              | US        |     59000 | PA      | $59084.90     | 0.03%             | 2028-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Insulet Corp                                   | Insulet Corp.                                                                 | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |        65 | NS      | $21267.35     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                     | Intel Corp.                                                                   | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |      3847 | NS      | $156034.32    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc                  | Interactive Brokers Group, Inc.                                               | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |       453 | NS      | $29454.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                  | Intercontinental Exchange, Inc.                                               | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |       571 | NS      | $89818.30     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp           | International Business Machines Corp.                                         | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       806 | NS      | $248715.48    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM CORP                                       | International Business Machines Corp.                                         | CUSIP: 459200BB6<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    175000 | PA      | $190485.23    | 0.08%             | 2032-11-29      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| International Flavors & Fragrances Inc         | International Flavors & Fragrances, Inc.                                      | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |     12434 | NS      | $863914.32    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| International Paper Co                         | International Paper Co.                                                       | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |       186 | NS      | $7343.28      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                     | Intuit, Inc.                                                                  | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       248 | NS      | $157251.84    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                         | Intuitive Surgical, Inc.                                                      | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       294 | NS      | $168603.12    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc                             | IQVIA Holdings, Inc.                                                          | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |       148 | NS      | $34041.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC                              | Iron Mountain, Inc.                                                           | CUSIP: 46284VAL5<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |     55000 | PA      | $54686.95     | 0.02%             | 2032-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| iShares Core S&P Mid-Cap ETF                   | iShares Core S&P Mid-Cap ETF                                                  | CUSIP: 464287507<br>LEI: 549300ODQWH5PC0IUZ78 | Long             | EC               | RF                | US        |     54995 | NS      | $3648368.30   | 1.61%             |  |  |  | No            |                  1 | On Loan: —       |
| JPMorgan Chase & Co                            | JPMorgan Chase & Co.                                                          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      2729 | NS      | $854395.32    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                      | Jabil, Inc.                                                                   | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |       100 | NS      | $21071.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                            | JPMorgan Chase & Co.                                                          | CUSIP: 46647PAK2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    400000 | PA      | $334342.63    | 0.15%             | 2048-07-24      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| Jacobs Solutions Inc                           | Jacobs Solutions, Inc.                                                        | CUSIP: 46982L108<br>LEI: 254900E3KHXCC2C8K272 | Long             | EC               | CORP              | US        |       107 | NS      | $14424.67     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JANE STREET GRP/JSG FIN                        | Jane Street Group/JSG Finance, Inc.                                           | CUSIP: 47077WAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    121000 | PA      | $127464.79    | 0.06%             | 2031-04-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                              | Johnson & Johnson                                                             | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      2028 | NS      | $419633.76    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| JONES LANG LASALLE INC                         | Jones Lang LaSalle, Inc.                                                      | CUSIP: 48020QAB3<br>LEI: 6SYKCME112RT8TQUO411 | Long             | DBT              | CORP              | US        |    200000 | PA      | $214112.83    | 0.09%             | 2028-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KBR INC                                        | KBR, Inc.                                                                     | CUSIP: 48242WAC0<br>LEI: 254900OFQDXZRKRCV808 | Long             | DBT              | CORP              | US        |     41000 | PA      | $40230.71     | 0.02%             | 2028-09-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KLA Corp                                       | KLA Corp.                                                                     | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       117 | NS      | $137529.99    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                                   | KKR & Co., Inc.                                                               | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |       691 | NS      | $84516.21     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                        | KeyCorp                                                                       | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |       998 | NS      | $18343.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                      | Keysight Technologies, Inc.                                                   | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |       154 | NS      | $30484.30     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                              | Kinder Morgan, Inc.                                                           | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |      1055 | NS      | $28822.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KINDER MORGAN INC                              | Kinder Morgan, Inc.                                                           | CUSIP: 49456BAH4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    170000 | PA      | $166085.40    | 0.07%             | 2045-06-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                              | Kinder Morgan, Inc.                                                           | CUSIP: 49456BAP6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150855.87    | 0.07%             | 2028-03-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| KNIFE RIVER CORP                               | Knife River Corp.                                                             | CUSIP: 498894AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $47327.99     | 0.02%             | 2031-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                        | Kodiak Gas Services LLC                                                       | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    175000 | PA      | $182457.28    | 0.08%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Co/The                             | Kraft Heinz Co.                                                               | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     28976 | NS      | $739177.76    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| KROGER CO                                      | Kroger Co.                                                                    | CUSIP: 501044DF5<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    150000 | PA      | $118064.63    | 0.05%             | 2046-10-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                           | Kyndryl Holdings, Inc.                                                        | CUSIP: 50155QAN0<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    200000 | PA      | $211468.69    | 0.09%             | 2034-02-20      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                          | Bath & Body Works, Inc.                                                       | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25024.63     | 0.01%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                          | Bath & Body Works, Inc.                                                       | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     82000 | PA      | $83324.87     | 0.04%             | 2030-10-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LKQ Corp                                       | LKQ Corp.                                                                     | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |       196 | NS      | $5819.24      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                       | LCM Investments Holdings II LLC                                               | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |     90000 | PA      | $88609.28     | 0.04%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS                       | LCM Investments Holdings II LLC                                               | CUSIP: 50190EAC8<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |     41000 | PA      | $43256.97     | 0.02%             | 2031-08-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| L3Harris Technologies Inc                      | L3Harris Technologies, Inc.                                                   | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |       158 | NS      | $44033.02     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LYB INTERNATIONAL FINANC                       | LYB International Finance II BV                                               | CUSIP: 50247WAB3<br>LEI: 549300ZSNDBYN4Z4VZ93 | Long             | DBT              | CORP              | NL        |    150000 | PA      | $149130.84    | 0.07%             | 2027-03-02      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Labcorp Holdings Inc                           | Labcorp Holdings, Inc.                                                        | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        77 | NS      | $20696.06     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                       | Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.             | CUSIP: 505742AP1<br>LEI: N/A                  | Long             | DBT              |  | US        |     45000 | PA      | $44356.40     | 0.02%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp                              | Lam Research Corp.                                                            | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |      1095 | NS      | $170820.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                           | Las Vegas Sands Corp.                                                         | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |       258 | NS      | $17585.28     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                            | Leidos Holdings, Inc.                                                         | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |       120 | NS      | $22932.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                                    | Lennar Corp.                                                                  | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |       172 | NS      | $22583.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc                       | Lennox International, Inc.                                                    | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |        25 | NS      | $12471.75     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One         | Liberty Media Corp.-Liberty Formula One                                       | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5618 | NS      | $539215.64    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| LIGHT & WONDER INTL INC                        | Light & Wonder International, Inc.                                            | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     67000 | PA      | $70203.47     | 0.03%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                           | LifePoint Health, Inc.                                                        | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     77000 | PA      | $82903.29     | 0.04%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                           | LifePoint Health, Inc.                                                        | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     75000 | PA      | $82563.53     | 0.04%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                           | LifePoint Health, Inc.                                                        | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15854.57     | 0.01%             | 2032-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                 | Eli Lilly & Co.                                                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2505 | NS      | $2694052.35   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & CO                                 | Eli Lilly & Co.                                                               | CUSIP: 532457DE5<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102757.08    | 0.05%             | 2035-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LITHIA MOTORS INC                              | Lithia Motors, Inc.                                                           | CUSIP: 536797AF0<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |     76000 | PA      | $72941.62     | 0.03%             | 2031-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment Inc                  | Live Nation Entertainment, Inc.                                               | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |       165 | NS      | $21689.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| LLOYDS BANKING GROUP PLC                       | Lloyds Banking Group PLC                                                      | CUSIP: 539439AM1<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $399958.60    | 0.18%             | 2025-12-10      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp                           | Lockheed Martin Corp.                                                         | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |       170 | NS      | $77836.20     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp                                     | Loews Corp.                                                                   | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |       131 | NS      | $14130.97     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                 | Lowe's Cos., Inc.                                                             | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |       452 | NS      | $109600.96    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc                        | Lululemon Athletica, Inc.                                                     | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |        97 | NS      | $17865.46     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                       | Lyft, Inc.                                                                    | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |     16447 | NS      | $345880.41    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                                  | M&T Bank Corp.                                                                | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |       160 | NS      | $30435.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                      | MGM Resorts International                                                     | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |       139 | NS      | $4905.31      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                        | MPT Operating Partnership LP/MPT Finance Corp.                                | CUSIP: 55342UAH7<br>LEI: N/A                  | Long             | DBT              |  | US        |     56000 | PA      | $54121.13     | 0.02%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MSCI Inc                                       | MSCI, Inc.                                                                    | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |        79 | NS      | $44533.88     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD                       | Macquarie Airfinance Holdings Ltd.                                            | CUSIP: 55609NAD0<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |     33000 | PA      | $35385.24     | 0.02%             | 2031-03-26      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC                        | Macy's Retail Holdings LLC                                                    | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $100242.00    | 0.04%             | 2030-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                       | Warnermedia Holdings, Inc.                                                    | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    135000 | PA      | $130948.99    | 0.06%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp                        | Marathon Petroleum Corp.                                                      | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |       161 | NS      | $31190.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MARATHON PETROLEUM CORP                        | Marathon Petroleum Corp.                                                      | CUSIP: 56585AAH5<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |     60000 | PA      | $52147.14     | 0.02%             | 2044-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Marsh & McLennan Cos Inc                       | Marsh & McLennan Cos., Inc.                                                   | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      4219 | NS      | $773975.55    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MARSH & MCLENNAN COS INC                       | Marsh & McLennan Cos., Inc.                                                   | CUSIP: 571748CC4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152529.92    | 0.07%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marriott International Inc/MD                  | Marriott International, Inc.                                                  | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |       179 | NS      | $54557.41     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                  | Martin Marietta Materials, Inc.                                               | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |        12 | NS      | $7478.88      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                         | Marvell Technology, Inc.                                                      | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6573 | NS      | $587626.20    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                                     | Masco Corp.                                                                   | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |       155 | NS      | $10054.85     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                 | Mastercard, Inc.                                                              | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      3425 | NS      | $1885565.25   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                                | Match Group, Inc.                                                             | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |       278 | NS      | $9260.18      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MCAFEE CORP                                    | McAfee Corp.                                                                  | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |    134000 | PA      | $116923.24    | 0.05%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp                                | McDonald's Corp.                                                              | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       600 | NS      | $187092.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALD'S CORP                                | McDonald's Corp.                                                              | CUSIP: 58013MFA7<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18594.82     | 0.01%             | 2045-12-09      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                | McDonald's Corp.                                                              | CUSIP: 58013MFF6<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249452.20    | 0.11%             | 2028-04-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| McKesson Corp                                  | McKesson Corp.                                                                | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       105 | NS      | $92517.60     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                 | Merck & Co., Inc.                                                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      2085 | NS      | $218570.55    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA CORP                           | Bank of America Corp.                                                         | CUSIP: 59022CAJ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    450000 | PA      | $489748.41    | 0.22%             | 2037-01-29      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| MetLife Inc                                    | MetLife, Inc.                                                                 | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |       541 | NS      | $41418.96     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                                    | MetLife, Inc.                                                                 | CUSIP: 59156RBD9<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    130000 | PA      | $112051.65    | 0.05%             | 2042-08-13      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                        | Metropolitan Life Global Funding I                                            | CUSIP: 59217GFP9<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |    150000 | PA      | $155750.26    | 0.07%             | 2033-03-28      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Mettler-Toledo International Inc               | Mettler-Toledo International, Inc.                                            | CUSIP: 592688105<br>LEI: 5493000BD5GJNUDIUG10 | Long             | EC               | CORP              | US        |        22 | NS      | $32487.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                 | Microsoft Corp.                                                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     18267 | NS      | $8987546.67   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp.                                                               | CUSIP: 594918BC7<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143005.54    | 0.06%             | 2035-02-12      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                                 | Microsoft Corp.                                                               | CUSIP: 594918CC6<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    120000 | PA      | $75858.68     | 0.03%             | 2050-06-01      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| Microchip Technology Inc                       | Microchip Technology, Inc.                                                    | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |       438 | NS      | $23468.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                          | Micron Technology, Inc.                                                       | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      3948 | NS      | $933623.04    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MITSUBISHI UFJ FIN GRP                         | Mitsubishi UFJ Financial Group, Inc.                                          | CUSIP: 606822AN4<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    350000 | PA      | $349025.62    | 0.15%             | 2027-02-22      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| Moderna Inc                                    | Moderna, Inc.                                                                 | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |       300 | NS      | $7794.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Mohawk Industries Inc                          | Mohawk Industries, Inc.                                                       | CUSIP: 608190104<br>LEI: 549300JI1115MG3Q6322 | Long             | EC               | CORP              | US        |        38 | NS      | $4404.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                          | Molina Healthcare, Inc.                                                       | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |        42 | NS      | $6226.92      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc                   | Monolithic Power Systems, Inc.                                                | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |        42 | NS      | $38983.14     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                                   | Moody's Corp.                                                                 | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |       157 | NS      | $77052.46     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                 | Morgan Stanley                                                                | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      1206 | NS      | $204609.96    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                | CUSIP: 6174467Y9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    590000 | PA      | $591449.90    | 0.26%             | 2026-09-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                | CUSIP: 61747YDY8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    275000 | PA      | $241143.71    | 0.11%             | 2045-01-27      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                 | Morgan Stanley                                                                | CUSIP: 61747YFM2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105555.94    | 0.05%             | 2039-02-07      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| Mosaic Co/The                                  | Mosaic Co.                                                                    | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |       193 | NS      | $4726.57      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                         | Motorola Solutions, Inc.                                                      | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       145 | NS      | $53603.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NCL CORPORATION LTD                            | NCL Corp. Ltd.                                                                | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    131000 | PA      | $132951.90    | 0.06%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                 | NRG Energy, Inc.                                                              | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |       377 | NS      | $63897.73     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy, Inc.                                                              | CUSIP: 629377CR1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     66000 | PA      | $61766.04     | 0.03%             | 2031-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                 | NRG Energy, Inc.                                                              | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |     67000 | PA      | $68420.20     | 0.03%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NVR Inc                                        | NVR, Inc.                                                                     | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |         3 | NS      | $22521.87     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP BV/NXP FUNDING LLC                         | NXP BV/NXP Funding LLC                                                        | CUSIP: 62947QBC1<br>LEI: 724500RKKW4NOJ9YQF60 | Long             | DBT              | CORP              | XX        |    100000 | PA      | $103583.00    | 0.05%             | 2028-12-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                          | Nabors Industries, Inc.                                                       | CUSIP: 62957HAP0<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     37000 | PA      | $38792.28     | 0.02%             | 2030-01-31      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| Nasdaq Inc                                     | Nasdaq, Inc.                                                                  | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |       414 | NS      | $37640.88     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL RURAL UTIL COOP                       | National Rural Utilities Cooperative Finance Corp.                            | CUSIP: 637432NQ4<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99907.35     | 0.04%             | 2028-11-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                   | Navient Corp.                                                                 | CUSIP: 63938CAJ7<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |    484000 | PA      | $489129.43    | 0.22%             | 2026-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                   | Navient Corp.                                                                 | CUSIP: 63938CAK4<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39964.64     | 0.02%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                   | Navient Corp.                                                                 | CUSIP: 63938CAP3<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     44000 | PA      | $49172.60     | 0.02%             | 2031-03-15      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| NetApp Inc                                     | NetApp, Inc.                                                                  | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |       148 | NS      | $16510.88     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                    | Netflix, Inc.                                                                 | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      4033 | NS      | $433870.14    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                                    | Netflix, Inc.                                                                 | CUSIP: 64110LAV8<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103003.43    | 0.05%             | 2030-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                              | Newell Brands, Inc.                                                           | CUSIP: 651229AX4<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     27000 | PA      | $25064.50     | 0.01%             | 2036-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                              | Newell Brands, Inc.                                                           | CUSIP: 651229AY2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4113.25      | 0.00%             | 2046-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                              | Newell Brands, Inc.                                                           | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24024.33     | 0.01%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Newmont Corp                                   | Newmont Corp.                                                                 | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |       361 | NS      | $32753.53     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                                      | News Corp.                                                                    | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |       398 | NS      | $10220.64     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corp                                      | News Corp.                                                                    | CUSIP: 65249B208<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |        99 | NS      | $2913.57      | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| NEXSTAR MEDIA INC                              | Nexstar Media, Inc.                                                           | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44626.42     | 0.02%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                             | NextEra Energy, Inc.                                                          | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     18126 | NS      | $1564092.54   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                       | NIKE, Inc.                                                                    | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      6692 | NS      | $432503.96    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                   | NiSource, Inc.                                                                | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |       924 | NS      | $40776.12     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC                                   | NiSource, Inc.                                                                | CUSIP: 65473PAQ8<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103624.37    | 0.05%             | 2034-04-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Nordson Corp                                   | Nordson Corp.                                                                 | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |        42 | NS      | $9981.72      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                          | Norfolk Southern Corp.                                                        | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |       190 | NS      | $55497.10     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp                            | Northern Trust Corp.                                                          | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |       185 | NS      | $24297.90     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                          | Northrop Grumman Corp.                                                        | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |      1777 | NS      | $1016888.25   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                                | Gen Digital, Inc.                                                             | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |       471 | NS      | $12420.27     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVA CHEMICALS CORP                            | NOVA Chemicals Corp.                                                          | CUSIP: 66977WAT6<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |     11000 | PA      | $11522.43     | 0.01%             | 2028-11-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NOVA CHEMICALS CORP                            | NOVA Chemicals Corp.                                                          | CUSIP: 66977WAU3<br>LEI: 549300ZOD6N7RI2FJP09 | Long             | DBT              | CORP              | CA        |     40000 | PA      | $42797.55     | 0.02%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE                         | Brundage-Bone Concrete Pumping Holdings, Inc.                                 | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $5065.76      | 0.00%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Nucor Corp                                     | Nucor Corp.                                                                   | CUSIP: 670346105<br>LEI: 549300GGJCRSI2TIEJ46 | Long             | EC               | CORP              | US        |        77 | NS      | $12280.73     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                    | NVIDIA Corp.                                                                  | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     59946 | NS      | $10610442.00  | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA CORP                                    | NVIDIA Corp.                                                                  | CUSIP: 67066GAF1<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95852.16     | 0.04%             | 2030-04-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc                        | O'Reilly Automotive, Inc.                                                     | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |       697 | NS      | $70884.90     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp                      | Occidental Petroleum Corp.                                                    | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |     17326 | NS      | $727692.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| OCEANEERING INTL INC                           | Oceaneering International, Inc.                                               | CUSIP: 675232AB8<br>LEI: 549300L6PH74701W0R30 | Long             | DBT              | CORP              | US        |    170000 | PA      | $172606.44    | 0.08%             | 2028-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit                                | OHA Credit Partners XV Ltd.                                                   | CUSIP: 67707BAT7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $252201.75    | 0.11%             | 2037-04-20      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| Old Dominion Freight Line Inc                  | Old Dominion Freight Line, Inc.                                               | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |       177 | NS      | $23946.33     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OLIN CORP                                      | Olin Corp.                                                                    | CUSIP: 680665AL0<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100290.90    | 0.04%             | 2029-08-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Omnicom Group Inc                              | Omnicom Group, Inc.                                                           | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |       279 | NS      | $19981.98     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| ON Semiconductor Corp                          | ON Semiconductor Corp.                                                        | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |       390 | NS      | $19593.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                        | Oncor Electric Delivery Co. LLC                                               | CUSIP: 68233JBB9<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |     40000 | PA      | $31934.88     | 0.01%             | 2045-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                      | ONEOK, Inc.                                                                   | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |       352 | NS      | $25632.64     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp.                                                         | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    243000 | PA      | $248355.23    | 0.11%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                           | OneMain Finance Corp.                                                         | CUSIP: 682691AL4<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     30000 | PA      | $30482.37     | 0.01%             | 2030-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust               | OneMain Financial Issuance Trust                                              | CUSIP: 682696AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    495760 | PA      | $487471.87    | 0.21%             | 2035-09-14      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust               | OneMain Financial Issuance Trust                                              | CUSIP: 682696AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $288306.99    | 0.13%             | 2035-09-14      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| OPEN TEXT CORP                                 | Open Text Corp.                                                               | CUSIP: 683715AD8<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $28449.82     | 0.01%             | 2029-12-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                    | Oracle Corp.                                                                  | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      7288 | NS      | $1471811.60   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP                                    | Oracle Corp.                                                                  | CUSIP: 68389XAM7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    216000 | PA      | $201619.55    | 0.09%             | 2040-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                    | Oracle Corp.                                                                  | CUSIP: 68389XCU7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    100000 | PA      | $85419.53     | 0.04%             | 2054-09-27      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Otis Worldwide Corp                            | Otis Worldwide Corp.                                                          | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |       343 | NS      | $30475.55     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                                  | Owens Corning                                                                 | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      6718 | NS      | $760746.32    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL TECHNOLOGY FINA                       | Blue Owl Technology Finance Corp.                                             | CUSIP: 69121JAB3<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127264.43    | 0.06%             | 2029-04-04      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PG&E Corp                                      | PG&E Corp.                                                                    | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |      4206 | NS      | $67800.72     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E CORP                                      | PG&E Corp.                                                                    | CUSIP: 69331CAH1<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |     96000 | PA      | $95299.96     | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The           | PNC Financial Services Group, Inc.                                            | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |       406 | NS      | $77432.32     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SERVICES                         | PNC Financial Services Group, Inc.                                            | CUSIP: 693475BM6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102814.95    | 0.05%             | 2034-01-24      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| PPG Industries Inc                             | PPG Industries, Inc.                                                          | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |        52 | NS      | $5202.08      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                                       | PPL Corp.                                                                     | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |      1355 | NS      | $49999.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PRA GROUP INC                                  | PRA Group, Inc.                                                               | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35755.41     | 0.02%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                                  | PRA Group, Inc.                                                               | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |     52000 | PA      | $53908.40     | 0.02%             | 2030-01-31      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| PTC Inc                                        | PTC, Inc.                                                                     | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |       119 | NS      | $20876.17     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                     | PACCAR, Inc.                                                                  | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |       473 | NS      | $49863.66     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                      | Palantir Technologies, Inc.                                                   | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |      1972 | NS      | $332183.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                         | Palo Alto Networks, Inc.                                                      | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |       570 | NS      | $108374.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Skydance Corp                        | Paramount Skydance Corp.                                                      | CUSIP: 69932A204<br>LEI: 529900B6VAJG54Y9QF02 | Long             | EC               | CORP              | US        |       193 | NS      | $3091.86      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                           | Parker-Hannifin Corp.                                                         | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |       109 | NS      | $93925.30     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PATRICK INDUSTRIES INC                         | Patrick Industries, Inc.                                                      | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |     67000 | PA      | $68620.66     | 0.03%             | 2032-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Paychex Inc                                    | Paychex, Inc.                                                                 | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |       240 | NS      | $26805.60     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                            | Paycom Software, Inc.                                                         | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |        41 | NS      | $6607.97      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                            | PayPal Holdings, Inc.                                                         | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |       967 | NS      | $60621.23     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS INC                            | PayPal Holdings, Inc.                                                         | CUSIP: 70450YAQ6<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |     50000 | PA      | $49499.77     | 0.02%             | 2054-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                       | Penske Truck Leasing Co. LP/PTL Finance Corp.                                 | CUSIP: 709599BW3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $156631.04    | 0.07%             | 2028-08-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Revvity Inc                                    | Revvity, Inc.                                                                 | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |       105 | NS      | $10963.05     | 0.00%             |  |  |  | No            |                  1 | On Loan: —       |
| PERRIGO FINANCE UNLIMITE                       | Perrigo Finance Unlimited Co.                                                 | CUSIP: 71429MAD7<br>LEI: 549300E86RB6YCTMRM83 | Long             | DBT              | CORP              | IE        |     15000 | PA      | $14644.38     | 0.01%             | 2032-09-30      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Pfizer Inc                                     | Pfizer, Inc.                                                                  | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |      4800 | NS      | $123552.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                                     | Pfizer, Inc.                                                                  | CUSIP: 717081CY7<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    270000 | PA      | $326997.84    | 0.14%             | 2039-03-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc                | Philip Morris International, Inc.                                             | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      5503 | NS      | $866612.44    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                    | Phillips 66                                                                   | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |       217 | NS      | $29720.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PIKE CORP                                      | Pike Corp.                                                                    | CUSIP: 721283AB5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |     59000 | PA      | $62375.11     | 0.03%             | 2031-01-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp                     | Pinnacle West Capital Corp.                                                   | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |       244 | NS      | $22169.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                       | Plains All American Pipeline LP/PAA Finance Corp.                             | CUSIP: 72650RBP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $207384.11    | 0.09%             | 2034-09-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Pool Corp                                      | Pool Corp.                                                                    | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |        32 | NS      | $7795.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc                         | T. Rowe Price Group, Inc.                                                     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |       193 | NS      | $19759.34     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIME HEALTHCARE SERVICE                       | Prime Healthcare Services, Inc.                                               | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     64000 | PA      | $67852.80     | 0.03%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                   | ADT Security Corp.                                                            | CUSIP: 74166NAA2<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |     90000 | PA      | $87239.60     | 0.04%             | 2032-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Principal Financial Group Inc                  | Principal Financial Group, Inc.                                               | CUSIP: 74251V102<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | EC               | CORP              | US        |       232 | NS      | $19678.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                           | Progressive Corp.                                                             | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      4117 | NS      | $941928.43    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                                   | Prologis, Inc.                                                                | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               |  | US        |      7083 | NS      | $910377.99    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc                       | Prudential Financial, Inc.                                                    | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |       347 | NS      | $37562.75     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC SERVICE ELECTRIC                        | Public Service Electric & Gas Co.                                             | CUSIP: 74456QCB0<br>LEI: 549300RUHPVD434XUK18 | Long             | DBT              | CORP              | US        |    250000 | PA      | $235549.58    | 0.10%             | 2030-01-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Inc            | Public Service Enterprise Group, Inc.                                         | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |       992 | NS      | $82851.84     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE OP CO                           | Public Storage Operating Co.                                                  | CUSIP: 74460DAJ8<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              |  | US        |    200000 | PA      | $178652.22    | 0.08%             | 2031-11-09      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| PulteGroup Inc                                 | PulteGroup, Inc.                                                              | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       151 | NS      | $19205.69     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Qnity Electronics Inc                          | Qnity Electronics, Inc.                                                       | CUSIP: 74743L100<br>LEI: 254900RSUG4J9TFFZX53 | Long             | EC               | CORP              | US        |       143 | NS      | $11595.87     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                   | QUALCOMM, Inc.                                                                | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      6393 | NS      | $1074599.37   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                            | Quanta Services, Inc.                                                         | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |       128 | NS      | $59504.64     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES INC                            | Quanta Services, Inc.                                                         | CUSIP: 74762EAH5<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |    100000 | PA      | $88541.15     | 0.04%             | 2032-01-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Quest Diagnostics Inc                          | Quest Diagnostics, Inc.                                                       | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |        90 | NS      | $17026.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp                              | Ralph Lauren Corp.                                                            | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |        29 | NS      | $10652.57     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc                    | Raymond James Financial, Inc.                                                 | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |       194 | NS      | $30368.76     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                       | RTX Corp.                                                                     | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      1118 | NS      | $195549.38    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                             | Regal Rexnord Corp.                                                           | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      5758 | NS      | $840610.42    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| REGAL REXNORD CORP                             | Regal Rexnord Corp.                                                           | CUSIP: 758750AP8<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    150000 | PA      | $161753.38    | 0.07%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                  | Regeneron Pharmaceuticals, Inc.                                               | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |        86 | NS      | $67096.34     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp                         | Regions Financial Corp.                                                       | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |       816 | NS      | $20767.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                          | Republic Services, Inc.                                                       | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |       195 | NS      | $42326.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                                     | ResMed, Inc.                                                                  | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |       131 | NS      | $33513.73     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Residential Mortgage Loan Trust                | Residential Mortgage Loan Trust                                               | CUSIP: 76119CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1929 | PA      | $1917.26      | 0.00%             | 2060-01-26      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| REYNOLDS AMERICAN INC                          | Reynolds American, Inc.                                                       | CUSIP: 761713BA3<br>LEI: 02S2RPPVO9RP4NEU2740 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73682.21     | 0.03%             | 2035-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Robinhood Markets Inc                          | Robinhood Markets, Inc.                                                       | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |       785 | NS      | $100864.65    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET COS INC                                 | Rocket Cos., Inc.                                                             | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $259515.50    | 0.11%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                 | Rocket Cos., Inc.                                                             | CUSIP: 77311WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     59000 | PA      | $62030.95     | 0.03%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC                       | Rocket Mortgage LLC/Rocket Mortgage Co-Issuer, Inc.                           | CUSIP: 77313LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $147569.81    | 0.07%             | 2026-10-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Rockwell Automation Inc                        | Rockwell Automation, Inc.                                                     | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |        92 | NS      | $36419.12     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                    | Rollins, Inc.                                                                 | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |       203 | NS      | $12480.44     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                         | Roper Technologies, Inc.                                                      | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      1373 | NS      | $612660.06    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                | Ross Stores, Inc.                                                             | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |       272 | NS      | $47969.92     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                        | Royal Caribbean Cruises Ltd.                                                  | CUSIP: 780153AG7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     25000 | PA      | $26405.70     | 0.01%             | 2027-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                        | Royal Caribbean Cruises Ltd.                                                  | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     10000 | PA      | $10177.18     | 0.00%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                        | Royal Caribbean Cruises Ltd.                                                  | CUSIP: 780153BU5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     30000 | PA      | $31042.47     | 0.01%             | 2032-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                        | Royal Caribbean Cruises Ltd.                                                  | CUSIP: 780153BV3<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     11000 | PA      | $11325.78     | 0.00%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                        | Royal Caribbean Cruises Ltd.                                                  | CUSIP: 780153BW1<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |     68000 | PA      | $69500.12     | 0.03%             | 2031-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                           | Royal Bank of Canada                                                          | CUSIP: 78016EYH4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $225454.93    | 0.10%             | 2031-11-03      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                   | State Street Institutional U.S. Government Money Market Fund                  | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   5306374 | NS      | $5306374.35   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                 | S&P Global, Inc.                                                              | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      1137 | NS      | $567169.71    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Bloomberg Emerging Markets Local Bond ETF | SPDR Bloomberg Emerging Markets Local Bond ETF                                | CUSIP: 78464A391<br>LEI: 549300UZIXAGB0EPMT96 | Long             | EC               | RF                | US        |    208988 | NS      | $4461893.80   | 1.97%             |  |  |  | No            |                  1 | On Loan: —       |
| SABINE PASS LIQUEFACTION                       | Sabine Pass Liquefaction LLC                                                  | CUSIP: 785592AS5<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |     80000 | PA      | $80468.74     | 0.04%             | 2027-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                                 | Sabre GLBL, Inc.                                                              | CUSIP: 78573NAL6<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |     57000 | PA      | $50161.75     | 0.02%             | 2029-11-15      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| Salesforce Inc                                 | Salesforce, Inc.                                                              | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |       825 | NS      | $190195.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SAN DIEGO G & E                                | San Diego Gas & Electric Co.                                                  | CUSIP: 797440BX1<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | DBT              | CORP              | US        |    100000 | PA      | $80462.95     | 0.04%             | 2049-06-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Sandisk Corp/DE                                | Sandisk Corp.                                                                 | CUSIP: 80004C200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       109 | NS      | $24337.52     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Santander Drive Auto Receivables Trust         | Santander Drive Auto Receivables Trust                                        | CUSIP: 80287HAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    147425 | PA      | $147515.03    | 0.06%             | 2028-10-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust         | Santander Drive Auto Receivables Trust                                        | CUSIP: 80288JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    150000 | PA      | $151090.04    | 0.07%             | 2031-09-15      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Henry Schein Inc                               | Henry Schein, Inc.                                                            | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |       102 | NS      | $7606.14      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                                        | SLB Ltd.                                                                      | CUSIP: 000000000<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |       818 | NS      | $29644.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                        | Charles Schwab Corp.                                                          | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      1679 | NS      | $155693.67    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Data Storage Technology Pte Ltd        | Seagate Data Storage Technology Pte. Ltd.                                     | CUSIP: 81180LAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |     25000 | PA      | $26558.75     | 0.01%             | 2029-12-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Sempra                                         | Sempra                                                                        | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |      1291 | NS      | $122283.52    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                                         | Sempra                                                                        | CUSIP: 816851AP4<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    150000 | PA      | $158256.77    | 0.07%             | 2039-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SERVICE CORP INTL                              | Service Corp. International                                                   | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10204.14     | 0.00%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                       | Service Properties Trust                                                      | CUSIP: 81761LAC6<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              |  | US        |     67000 | PA      | $70332.25     | 0.03%             | 2031-11-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ServiceNow Inc                                 | ServiceNow, Inc.                                                              | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       183 | NS      | $148671.03    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SHELL FINANCE US INC                           | Shell Finance U.S., Inc.                                                      | CUSIP: 822905AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $87610.38     | 0.04%             | 2045-05-11      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co/The                        | Sherwin-Williams Co.                                                          | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |        69 | NS      | $23714.61     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                        | Shift4 Payments LLC/Shift4 Payments Finance Sub, Inc.                         | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     42000 | PA      | $43655.30     | 0.02%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Shopify Inc                                    | Shopify, Inc.                                                                 | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      2970 | NS      | $471160.80    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                           | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35180.08     | 0.02%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                           | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     59000 | PA      | $55865.04     | 0.02%             | 2030-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                            | Sirius XM Radio LLC                                                           | CUSIP: 82967NBM9<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |     52000 | PA      | $47413.67     | 0.02%             | 2031-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Skyworks Solutions Inc                         | Skyworks Solutions, Inc.                                                      | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |       146 | NS      | $9628.70      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                                 | A.O. Smith Corp.                                                              | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |       133 | NS      | $8775.34      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JM SMUCKER CO                                  | J.M. Smucker Co.                                                              | CUSIP: 832696AX6<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    100000 | PA      | $108909.92    | 0.05%             | 2033-11-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                                  | J.M. Smucker Co.                                                              | CUSIP: 832696AY4<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |    100000 | PA      | $108810.93    | 0.05%             | 2043-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                       | Smyrna Ready Mix Concrete LLC                                                 | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |     78000 | PA      | $82785.61     | 0.04%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Snap-on Inc                                    | Snap-on, Inc.                                                                 | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |        38 | NS      | $12921.90     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP INC                                       | Snap, Inc.                                                                    | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46356.08     | 0.02%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                               | Societe Generale SA                                                           | CUSIP: 83368RAK8<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $199401.15    | 0.09%             | 2027-01-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Solventum Corp                                 | Solventum Corp.                                                               | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |       140 | NS      | $11936.40     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLVENTUM CORP                                 | Solventum Corp.                                                               | CUSIP: 83444MAR2<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156754.41    | 0.07%             | 2034-03-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON                            | Southern California Edison Co.                                                | CUSIP: 842400GT4<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    175000 | PA      | $123769.74    | 0.05%             | 2050-02-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Southern Co/The                                | Southern Co.                                                                  | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      2112 | NS      | $192445.44    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                          | Southwest Airlines Co.                                                        | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |       408 | NS      | $14202.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWESTERN ELEC POWER                        | Southwestern Electric Power Co.                                               | CUSIP: 845437BT8<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |    100000 | PA      | $66932.03     | 0.03%             | 2051-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Block Inc                                      | Block, Inc.                                                                   | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |       544 | NS      | $36339.20     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                                      | Block, Inc.                                                                   | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     22000 | PA      | $22991.61     | 0.01%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET                       | Smyrna Ready Mix Concrete LLC                                                 | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |     51000 | PA      | $51115.11     | 0.02%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Stanley Black & Decker Inc                     | Stanley Black & Decker, Inc.                                                  | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |       153 | NS      | $10942.56     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STAR PARENT INC                                | Star Parent, Inc.                                                             | CUSIP: 855170AA4<br>LEI: 254900GRGCJYRMDRWT73 | Long             | DBT              | CORP              | US        |     64000 | PA      | $68588.80     | 0.03%             | 2030-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp                                 | Starbucks Corp.                                                               | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |       945 | NS      | $82318.95     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp                              | State Street Corp.                                                            | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |       272 | NS      | $32373.44     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUINOR ASA                                    | Equinor ASA                                                                   | CUSIP: 85771PAQ5<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | DBT              | CORP              | NO        |     50000 | PA      | $47476.09     | 0.02%             | 2043-11-08      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Steel Dynamics Inc                             | Steel Dynamics, Inc.                                                          | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |        38 | NS      | $6377.54      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                   | Stryker Corp.                                                                 | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       284 | NS      | $105415.12    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP                             | Energy Transfer LP                                                            | CUSIP: 86765BAV1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45533.37     | 0.02%             | 2047-10-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                      | Sunoco LP                                                                     | CUSIP: 86765KAC3<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |     89000 | PA      | $93926.56     | 0.04%             | 2032-05-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Super Micro Computer Inc                       | Super Micro Computer, Inc.                                                    | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |       455 | NS      | $15401.75     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Synopsys Inc                                   | Synopsys, Inc.                                                                | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |       162 | NS      | $67717.62     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                            | Synchrony Financial                                                           | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |       384 | NS      | $29706.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                | TJX Cos., Inc.                                                                | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |       906 | NS      | $137639.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                         | TKO Group Holdings, Inc.                                                      | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        69 | NS      | $13378.41     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                | T-Mobile U.S., Inc.                                                           | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |      4184 | NS      | $874497.84    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC                               | T-Mobile USA, Inc.                                                            | CUSIP: 87264ACW3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69282.77     | 0.03%             | 2053-01-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                               | T-Mobile USA, Inc.                                                            | CUSIP: 87264ADF9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205829.68    | 0.09%             | 2034-04-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software Inc              | Take-Two Interactive Software, Inc.                                           | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      4184 | NS      | $1029556.88   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC                        | Talen Energy Supply LLC                                                       | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    118000 | PA      | $125096.40    | 0.06%             | 2030-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Tapestry Inc                                   | Tapestry, Inc.                                                                | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |       153 | NS      | $16719.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                           | Targa Resources Corp.                                                         | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |       113 | NS      | $19810.03     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGA RESOURCES CORP                           | Targa Resources Corp.                                                         | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144002.71    | 0.06%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| TEACHERS INSUR & ANNUITY                       | Teachers Insurance & Annuity Association of America                           | CUSIP: 878091BF3<br>LEI: O06XD7BJ4EPXNABVFN69 | Long             | DBT              | CORP              | US        |     50000 | PA      | $41834.30     | 0.02%             | 2047-05-15      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| TELECOM ITALIA CAPITAL                         | Telecom Italia Capital SA                                                     | CUSIP: 87927VAV0<br>LEI: 549300777DJZOR5C4L39 | Long             | DBT              | CORP              | LU        |     59000 | PA      | $65303.97     | 0.03%             | 2038-06-04      | Fixed         | 7.72%                 | No            |                  2 | On Loan: No      |
| Teledyne Technologies Inc                      | Teledyne Technologies, Inc.                                                   | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |        53 | NS      | $26474.56     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORP                          | Tenet Healthcare Corp.                                                        | CUSIP: 88033GDQ0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     96000 | PA      | $98125.54     | 0.04%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Teradyne Inc                                   | Teradyne, Inc.                                                                | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |       123 | NS      | $22372.47     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TERRAFORM POWER OPERATIN                       | TerraForm Power Operating LLC                                                 | CUSIP: 88104LAG8<br>LEI: 5493000S2OLR3UT5BE13 | Long             | DBT              | CORP              | US        |     97000 | PA      | $93251.22     | 0.04%             | 2030-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Tesla Inc                                      | Tesla, Inc.                                                                   | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      3851 | NS      | $1656584.67   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| TEVA PHARM FIN IV                              | Teva Pharmaceutical Finance Netherlands IV BV                                 | CUSIP: 881937AA4<br>LEI: 549300GKSD1RG56QRY33 | Long             | DBT              | CORP              | NL        |    225000 | PA      | $233507.25    | 0.10%             | 2030-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc                          | Texas Instruments, Inc.                                                       | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |       784 | NS      | $131923.68    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp                        | Texas Pacific Land Corp.                                                      | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         8 | NS      | $6914.32      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                                    | Textron, Inc.                                                                 | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |       174 | NS      | $14469.84     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Trade Desk Inc/The                             | Trade Desk, Inc.                                                              | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |       427 | NS      | $16892.12     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                   | Thermo Fisher Scientific, Inc.                                                | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       314 | NS      | $185520.62    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                          | 3M Co.                                                                        | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |       447 | NS      | $76906.35     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                         | Cloud Software Group, Inc.                                                    | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    148000 | PA      | $149188.70    | 0.07%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC                          | Time Warner Cable LLC                                                         | CUSIP: 88732JAJ7<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25556.78     | 0.01%             | 2037-05-01      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Tractor Supply Co                              | Tractor Supply Co.                                                            | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |       443 | NS      | $24267.54     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                            | TransDigm Group, Inc.                                                         | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        47 | NS      | $63927.99     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm, Inc.                                                               | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     25000 | PA      | $24692.59     | 0.01%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm, Inc.                                                               | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10483.94     | 0.00%             | 2031-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm, Inc.                                                               | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     45000 | PA      | $46348.52     | 0.02%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm, Inc.                                                               | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     68000 | PA      | $70677.36     | 0.03%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                  | TransDigm, Inc.                                                               | CUSIP: 893647BW6<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     96000 | PA      | $98160.38     | 0.04%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD                          | Transocean Aquila Ltd.                                                        | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     14462 | PA      | $14843.72     | 0.01%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNTNL LTD                       | Transocean International Ltd.                                                 | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |      3750 | PA      | $3909.77      | 0.00%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD                       | Transocean Titan Financing Ltd.                                               | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     71238 | PA      | $73197.14     | 0.03%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Travelers Cos Inc/The                          | Travelers Cos., Inc.                                                          | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |       220 | NS      | $64429.20     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                                    | Trimble, Inc.                                                                 | CUSIP: 896239100<br>LEI: 549300E2MI7NSZFQWS19 | Long             | EC               | CORP              | US        |       183 | NS      | $14899.86     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp                          | Truist Financial Corp.                                                        | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |      1283 | NS      | $59659.50     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                         | Tyler Technologies, Inc.                                                      | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |        42 | NS      | $19724.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                     | U.S. Bancorp                                                                  | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |      1582 | NS      | $77597.10     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                          | Uber Technologies, Inc.                                                       | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      1740 | NS      | $152319.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                          | Uber Technologies, Inc.                                                       | CUSIP: 90353TAP5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150840.00    | 0.07%             | 2034-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Ulta Beauty Inc                                | Ulta Beauty, Inc.                                                             | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |        43 | NS      | $23169.69     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                             | Union Pacific Corp.                                                           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       502 | NS      | $116378.66    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIRLINES INC                            | United Airlines, Inc.                                                         | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    285000 | PA      | $283558.11    | 0.12%             | 2029-04-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                   | United Airlines Holdings, Inc.                                                | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |       264 | NS      | $26917.44     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Mexico Government International Bonds          | Mexico Government International Bonds                                         | CUSIP: 91087BAK6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    200000 | PA      | $195800.00    | 0.09%             | 2032-04-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United Parcel Service Inc                      | United Parcel Service, Inc.                                                   | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |       592 | NS      | $56707.68     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED PARCEL SERVICE                          | United Parcel Service, Inc.                                                   | CUSIP: 911312BN5<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |     50000 | PA      | $39337.56     | 0.02%             | 2047-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United Rentals Inc                             | United Rentals, Inc.                                                          | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |        55 | NS      | $44834.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS NORTH AM                        | United Rentals North America, Inc.                                            | CUSIP: 911365BR4<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |     59000 | PA      | $61619.60     | 0.03%             | 2034-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bills                                                           | CUSIP: 912797PV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   1500000 | PA      | $1483215.00   | 0.65%             | 2026-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bills                                                           | CUSIP: 912797PV3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    700000 | PA      | $692221.95    | 0.30%             | 2026-03-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bills                                                           | CUSIP: 912797QD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   2200000 | PA      | $2169539.77   | 0.96%             | 2026-04-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bills                                                           | CUSIP: 912797RJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    355000 | PA      | $353288.68    | 0.16%             | 2026-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bills                                                           | CUSIP: 912797RK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   2500000 | PA      | $2484571.91   | 1.09%             | 2026-01-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bills                                                           | CUSIP: 912797RY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   5500000 | PA      | $5487066.75   | 2.42%             | 2025-12-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Bills                                                           | CUSIP: 912797SH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   2600000 | PA      | $2584322.36   | 1.14%             | 2026-01-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Notes                                                           | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    725000 | PA      | $739953.13    | 0.33%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Notes                                                           | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    775000 | PA      | $788350.58    | 0.35%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                         | U.S. Treasury Notes                                                           | CUSIP: 91282CPD7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    945000 | PA      | $945812.11    | 0.42%             | 2030-10-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                         | UnitedHealth Group, Inc.                                                      | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      3302 | NS      | $1088900.54   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                         | UnitedHealth Group, Inc.                                                      | CUSIP: 91324PCQ3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238946.49    | 0.11%             | 2035-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL                        | Uniti Group LP/Uniti Group Finance 2019, Inc./CSL Capital LLC                 | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              |  | US        |    167000 | PA      | $158510.35    | 0.07%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Universal Health Services Inc                  | Universal Health Services, Inc.                                               | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |        45 | NS      | $10963.35     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVISION COMMUNICATIONS                       | Univision Communications, Inc.                                                | CUSIP: 914906AV4<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38139.02     | 0.02%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                       | Univision Communications, Inc.                                                | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     63000 | PA      | $63909.41     | 0.03%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                       | Univision Communications, Inc.                                                | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20639.66     | 0.01%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                       | Univision Communications, Inc.                                                | CUSIP: 914906AZ5<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |     65000 | PA      | $67242.18     | 0.03%             | 2031-07-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                       | USA Compression Partners LP/USA Compression Finance Corp.                     | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    182000 | PA      | $189182.45    | 0.08%             | 2029-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp                             | Valero Energy Corp.                                                           | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |       164 | NS      | $28988.64     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG, Inc.                                                      | CUSIP: 92332YAA9<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35849.59     | 0.02%             | 2028-06-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG, Inc.                                                      | CUSIP: 92332YAB7<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40098.80     | 0.02%             | 2031-06-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG, Inc.                                                      | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     97000 | PA      | $100989.80    | 0.04%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                         | Venture Global LNG, Inc.                                                      | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |      2000 | PA      | $1961.99      | 0.00%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Veralto Corp                                   | Veralto Corp.                                                                 | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |       185 | NS      | $18725.70     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                                   | VeriSign, Inc.                                                                | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |        78 | NS      | $19655.22     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                     | Verizon Communications, Inc.                                                  | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      3931 | NS      | $161603.41    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNICATIONS                         | Verizon Communications, Inc.                                                  | CUSIP: 92343VGN8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    209000 | PA      | $184721.94    | 0.08%             | 2032-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics Inc                           | Verisk Analytics, Inc.                                                        | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |       126 | NS      | $28358.82     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                     | Vertex Pharmaceuticals, Inc.                                                  | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |       214 | NS      | $92792.54     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Verus Securitization Trust                     | Verus Securitization Trust                                                    | CUSIP: 92538BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     33114 | PA      | $32039.36     | 0.01%             | 2063-10-25      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                     | Viasat, Inc.                                                                  | CUSIP: 92552VAR1<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     66000 | PA      | $62572.21     | 0.03%             | 2031-05-30      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Viatris Inc                                    | Viatris, Inc.                                                                 | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |      1171 | NS      | $12517.99     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                       | Visa, Inc.                                                                    | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1677 | NS      | $560855.88    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                        | VistaJet Malta Finance PLC/Vista Management Holding, Inc.                     | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     90000 | PA      | $90561.78     | 0.04%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Vistra Corp                                    | Vistra Corp.                                                                  | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |       600 | NS      | $107316.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA CORP                                    | Vistra Corp.                                                                  | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    102000 | PA      | $103437.89    | 0.05%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS                        | VistaJet Malta Finance PLC/Vista Management Holding, Inc.                     | CUSIP: 92841HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     41000 | PA      | $42461.77     | 0.02%             | 2028-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Voya Financial Inc                             | Voya Financial, Inc.                                                          | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     11307 | NS      | $794882.10    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                            | Vulcan Materials Co.                                                          | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      2106 | NS      | $625987.44    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                           | WEC Energy Group, Inc.                                                        | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |       618 | NS      | $69259.26     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp       | Westinghouse Air Brake Technologies Corp.                                     | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |       140 | NS      | $29197.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Squaretwo Financial Corp                       | SquareTwo Financial Corp.                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     35000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Walmart Inc                                    | Walmart, Inc.                                                                 | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      6453 | NS      | $713121.03    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc                      | Warner Bros Discovery, Inc.                                                   | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |      2277 | NS      | $54648.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                           | Waste Management, Inc.                                                        | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      2533 | NS      | $551864.71    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                                    | Waters Corp.                                                                  | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |        51 | NS      | $20574.42     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WAYFAIR LLC                                    | Wayfair LLC                                                                   | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |    200000 | PA      | $208049.40    | 0.09%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WEATHERFORD INTERNATIONA                       | Weatherford International Ltd.                                                | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |     15000 | PA      | $15300.50     | 0.01%             | 2030-04-30      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                               | Wells Fargo & Co.                                                             | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     12501 | NS      | $1073210.85   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                                  | Welltower, Inc.                                                               | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               |  | US        |      2597 | NS      | $540747.34    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services Inc               | West Pharmaceutical Services, Inc.                                            | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |        68 | NS      | $18853.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                           | Western Digital Corp.                                                         | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |       320 | NS      | $52265.60     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                       | Western Midstream Operating LP                                                | CUSIP: 958254AF1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100108.10    | 0.04%             | 2026-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                       | Western Midstream Operating LP                                                | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    100000 | PA      | $106146.22    | 0.05%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                         | Westinghouse Air Brake Technologies Corp.                                     | CUSIP: 960386AR1<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    150000 | PA      | $159211.51    | 0.07%             | 2034-03-11      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| Westlake Corp                                  | Westlake Corp.                                                                | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |      5863 | NS      | $391707.03    | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| WHIRLPOOL CORP                                 | Whirlpool Corp.                                                               | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151508.25    | 0.07%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                           | Williams Cos., Inc.                                                           | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |       665 | NS      | $40518.45     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc                            | Williams-Sonoma, Inc.                                                         | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |        98 | NS      | $17640.98     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                                    | Workday, Inc.                                                                 | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |       198 | NS      | $42692.76     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Ltd                               | Wynn Resorts Ltd.                                                             | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |        75 | NS      | $9651.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                                | Xcel Energy, Inc.                                                             | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |      1156 | NS      | $94919.16     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                   | Xylem, Inc.                                                                   | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |       201 | NS      | $28274.67     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum! Brands Inc                                | Yum! Brands, Inc.                                                             | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |       223 | NS      | $34165.83     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Zebra Technologies Corp                        | Zebra Technologies Corp.                                                      | CUSIP: 989207105<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | EC               | CORP              | US        |        56 | NS      | $14154.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ZEBRA TECHNOLOGIES CORP                        | Zebra Technologies Corp.                                                      | CUSIP: 989207AD7<br>LEI: PO0I32GKZ3HZMMDPZZ08 | Long             | DBT              | CORP              | US        |     33000 | PA      | $34213.91     | 0.02%             | 2032-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Zimmer Biomet Holdings Inc                     | Zimmer Biomet Holdings, Inc.                                                  | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |       174 | NS      | $16968.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Zoetis Inc                                     | Zoetis, Inc.                                                                  | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |       360 | NS      | $46144.80     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                    | Zscaler, Inc.                                                                 | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      2619 | NS      | $658678.50    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.                | Swap                                                                          | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   4300000 | OU      | $-96724.20    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                | Swap                                                                          | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |   3000000 | OU      | $223404.00    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| TEVA PHARM FNC NL II                           | Teva Pharmaceutical Finance Netherlands II BV                                 | CUSIP: 000000000<br>LEI: 549300HSQCIKJAOYIT23 | Long             | DBT              | CORP              | NL        |    100000 | PA      | $116885.53    | 0.05%             | 2027-05-09      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PINNACLE BIDCO PLC                             | Pinnacle Bidco PLC                                                            | CUSIP: 000000000<br>LEI: 2138006Z5V8OBL2A2Q06 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $121358.13    | 0.05%             | 2028-10-11      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| JERROLD FINCO PLC                              | Jerrold Finco PLC                                                             | CUSIP: 000000000<br>LEI: 213800F7AYNHLL1BPR31 | Long             | DBT              | CORP              | GB        |    100000 | PA      | $135437.03    | 0.06%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                              | Future                                                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |      -105 | NC      | $-104420.93   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                         | Future                                                                        | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |       139 | NC      | $216638.45    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                    | Future                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         7 | NC      | $80687.80     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Exchange                                 | Future                                                                        | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |        32 | NC      | $364762.08    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ASX Clear (Futures)                            | Future                                                                        | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DE               |  | AU        |       -48 | NC      | $197566.69    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                    | Future                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        49 | NC      | $193917.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                    | Future                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       111 | NC      | $353318.55    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | Future                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       148 | NC      | $12732.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | Future                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -6 | NC      | $-7734.37     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | Future                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |       157 | NC      | $6177.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                         | Future                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         2 | NC      | $-143.65      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                   | State Street Navigator Securities Lending Government Money Market Portfolio   | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   4471580 | NS      | $4471580.00   | 1.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Allegion plc                                   | Allegion PLC                                                                  | CUSIP: 000000000<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |        79 | NS      | $13116.37     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Amcor PLC                                      | Amcor PLC                                                                     | CUSIP: 000000000<br>LEI: 549300GSODGFCDQ3DI89 | Long             | EC               | CORP              | JE        |       688 | NS      | $5861.76      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                        | Aon PLC                                                                       | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |       216 | NS      | $76446.72     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Arch Capital Group Ltd                         | Arch Capital Group Ltd.                                                       | CUSIP: 000000000<br>LEI: 549300AYR4P8AFKDCE43 | Long             | EC               | CORP              | BM        |       362 | NS      | $33999.04     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                  | Accenture PLC                                                                 | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |       535 | NS      | $133750.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                                 | Eaton Corp. PLC                                                               | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |      2522 | NS      | $872334.58    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                              | Everest Group Ltd.                                                            | CUSIP: 000000000<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | BM        |        49 | NS      | $15400.21     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                      | Aptiv PLC                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JE        |      9978 | NS      | $773793.90    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                      | Gates Industrial Corp. PLC                                                    | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |     27059 | NS      | $615862.84    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                                    | Invesco Ltd.                                                                  | CUSIP: 000000000<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | BM        |       391 | NS      | $9559.95      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc             | Johnson Controls International PLC                                            | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |      6827 | NS      | $794048.37    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Klarna Group PLC                               | Klarna Group PLC                                                              | CUSIP: 000000000<br>LEI: 636700HER4JIK7GZUN17 | Long             | EC               | CORP              | GB        |      6222 | NS      | $195806.34    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                      | Linde PLC                                                                     | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |       154 | NS      | $63189.28     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                  | Medtronic PLC                                                                 | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |      1063 | NS      | $111965.79    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd             | Norwegian Cruise Line Holdings Ltd.                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |       360 | NS      | $6645.60      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PLC                | Seagate Technology Holdings PLC                                               | CUSIP: 000000000<br>LEI: 635400RUXIFEZSRU8X70 | Long             | EC               | CORP              | IE        |       176 | NS      | $48697.44     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                    | Pentair PLC                                                                   | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |       161 | NS      | $16943.64     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock PLC                           | Smurfit WestRock PLC                                                          | CUSIP: 000000000<br>LEI: 635400EGSEOPDW2EXS14 | Long             | EC               | CORP              | IE        |       190 | NS      | $6781.10      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                     | STERIS PLC                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |        88 | NS      | $23432.64     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                            | TE Connectivity PLC                                                           | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |       273 | NS      | $61738.95     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                         | Trane Technologies PLC                                                        | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |       187 | NS      | $78816.76     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                       | Willis Towers Watson PLC                                                      | CUSIP: 000000000<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |       103 | NS      | $33063.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                      | Chubb Ltd.                                                                    | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |       363 | NS      | $107513.34    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                                     | Garmin Ltd.                                                                   | CUSIP: 000000000<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | CH        |       126 | NS      | $24610.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                          | Spotify Technology SA                                                         | CUSIP: 000000000<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | LU        |      1080 | NS      | $646779.60    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV                   | LyondellBasell Industries NV                                                  | CUSIP: 000000000<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |       111 | NS      | $5437.89      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                          | NXP Semiconductors NV                                                         | CUSIP: 000000000<br>LEI: 724500M9BY5293JDF951 | Long             | EC               | CORP              | NL        |       215 | NS      | $41912.10     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd                    | Royal Caribbean Cruises Ltd.                                                  | CUSIP: 000000000<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | EC               | CORP              | LR        |      2006 | NS      | $534097.50    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** UBS INVESTMENT TRUST

**Signature:** Joanne Kilkeary

**Name of Signer:** Joanne Kilkeary

**Title:** Vice President and Treasurer