# EDGAR Filing Document

**Accession Number:** 0000904170
**File Stem:** 0001410368-26-050659
**Filing Date:** 2026-5
**Character Count:** 78376
**Document Hash:** 3fc1f0af99993e6ff22a7a1017630e94
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-050659.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0001410368-26-050659

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VALUE LINE ASSET ALLOCATION FUND INC
- **CENTRAL INDEX KEY:** 0000904170

**ORGANIZATION NAME:**
- **EIN:** 133719750
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07702
- **FILM NUMBER:** 261016129

**BUSINESS ADDRESS:**
- **STREET 1:** 1605 MAIN STREET
- **STREET 2:** SUITE 912
- **CITY:** SARASOTA
- **STATE:** FL
- **ZIP:** 34236
- **BUSINESS PHONE:** 2129071900

**MAIL ADDRESS:**
- **STREET 1:** 1605 MAIN STREET
- **STREET 2:** SUITE 912
- **CITY:** SARASOTA
- **STATE:** FL
- **ZIP:** 34236

## Series and Classes Contracts Data

### VALUE LINE ASSET ALLOCATION FUND INC (Series ID: S000007558)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000020616 | VALUE LINE ASSET ALLOCATION FUND INC | VLAAX           |
| C000162154 | Institutional                        | VLAIX           |

## Nport-Ex

Value Line Asset Allocation Fund, Inc.

Schedule of Investments (unaudited)

March 31, 2026

------

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

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Shares** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value** |
| **COMMON STOCKS 64.4%** | **COMMON STOCKS 64.4%** | **COMMON STOCKS 64.4%** |
| **CONSUMER DISCRETIONARY 2.5%** | **CONSUMER DISCRETIONARY 2.5%** | **CONSUMER DISCRETIONARY 2.5%** |
|  | **LODGING 2.5%** | **LODGING 2.5%** |
| 28000 | Marriott International, Inc. Class A  | &nbsp;&nbsp;&nbsp; $9157960 |
| **CONSUMER STAPLES 4.3%** | **CONSUMER STAPLES 4.3%** | **CONSUMER STAPLES 4.3%** |
|  | **RETAIL 4.3%** | **RETAIL 4.3%** |
| 5100 | Casey's General Stores, Inc.  | &nbsp;&nbsp;&nbsp; 3712086 |
| 12000 | Costco Wholesale Corp.  | &nbsp;&nbsp;&nbsp; 11957160 |
|  |  | &nbsp;&nbsp; **15669246** |
| **FINANCIALS 16.0%** | **FINANCIALS 16.0%** | **FINANCIALS 16.0%** |
|  | **COMMERCIAL SERVICES 2.6%** | **COMMERCIAL SERVICES 2.6%** |
| 22619 | S&P Global, Inc.  | &nbsp;&nbsp;&nbsp; 9620766 |
|  | **DIVERSIFIED FINANCIALS 2.3%** | **DIVERSIFIED FINANCIALS 2.3%** |
| 52944 | Intercontinental Exchange, Inc.  | &nbsp;&nbsp;&nbsp; 8327032 |
|  | **INSURANCE 8.8%** | **INSURANCE 8.8%** |
| 70100 | American Financial Group, Inc.  | &nbsp;&nbsp;&nbsp; 8952471 |
| 7300 | Marsh & McLennan Cos., Inc.  | &nbsp;&nbsp;&nbsp; 1266185 |
| 150200 | RLI Corp.  | &nbsp;&nbsp;&nbsp; 8567408 |
| 203958 | W.R. Berkley Corp.  | &nbsp;&nbsp;&nbsp; 13518336 |
|  |  | &nbsp;&nbsp; **32304400** |
|  | **SOFTWARE 2.3%** | **SOFTWARE 2.3%** |
| 15600 | MSCI, Inc.  | &nbsp;&nbsp;&nbsp; 8408556 |
|  |  | &nbsp;&nbsp; **58660754** |
| **HEALTHCARE 4.5%** | **HEALTHCARE 4.5%** | **HEALTHCARE 4.5%** |
|  | **HEALTHCARE PRODUCTS 4.5%** | **HEALTHCARE PRODUCTS 4.5%** |
| 4812 | IDEXX Laboratories, Inc.<sup>(1)</sup>  | &nbsp;&nbsp;&nbsp; 2703815 |
| 41371 | Stryker Corp.  | &nbsp;&nbsp;&nbsp; 13594097 |
|  |  | &nbsp;&nbsp; **16297912** |
| **INDUSTRIALS 15.7%** | **INDUSTRIALS 15.7%** | **INDUSTRIALS 15.7%** |
|  | **AEROSPACE/DEFENSE 4.5%** | **AEROSPACE/DEFENSE 4.5%** |
| 16400 | HEICO Corp.  | &nbsp;&nbsp;&nbsp; 4496880 |
| 10400 | TransDigm Group, Inc.  | &nbsp;&nbsp;&nbsp; 12053184 |
|  |  | &nbsp;&nbsp; **16550064** |
|  | **BUILDING MATERIALS 2.2%** | **BUILDING MATERIALS 2.2%** |
| 17400 | Lennox International, Inc.  | &nbsp;&nbsp;&nbsp; 8075862 |
|  | **COMMERCIAL SERVICES 1.5%** | **COMMERCIAL SERVICES 1.5%** |
| 32846 | Cintas Corp.  | &nbsp;&nbsp;&nbsp; 5555572 |
|  | **ENGINEERING & CONSTRUCTION 0.7%** | **ENGINEERING & CONSTRUCTION 0.7%** |
| 39300 | Exponent, Inc.  | &nbsp;&nbsp;&nbsp; 2564325 |
|  | **ENVIRONMENTAL CONTROL 4.6%** | **ENVIRONMENTAL CONTROL 4.6%** |
| 64803 | Republic Services, Inc.  | &nbsp;&nbsp;&nbsp; 14193153 |
| 16000 | Waste Connections, Inc.  | &nbsp;&nbsp;&nbsp; 2599040 |
|  |  | &nbsp;&nbsp; **16792193** |
|  | **MISCELLANEOUS MANUFACTURERS 2.2%** | **MISCELLANEOUS MANUFACTURERS 2.2%** |
| 9000 | Parker-Hannifin Corp.  | &nbsp;&nbsp;&nbsp; 8057160 |
|  |  | &nbsp;&nbsp; **57595176** |
| **INFORMATION TECHNOLOGY 21.4%** | **INFORMATION TECHNOLOGY 21.4%** | **INFORMATION TECHNOLOGY 21.4%** |
|  | **COMPUTERS 2.9%** | **COMPUTERS 2.9%** |
| 146900 | CGI, Inc.  | &nbsp;&nbsp;&nbsp; 10738390 |
|  | **MISCELLANEOUS MANUFACTURERS 1.2%** | **MISCELLANEOUS MANUFACTURERS 1.2%** |
| 7400 | Teledyne Technologies, Inc.<sup>(1)</sup>  | &nbsp;&nbsp;&nbsp; 4477074 |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **COMMON STOCKS 64.4% (continued)** | **COMMON STOCKS 64.4% (continued)** | **COMMON STOCKS 64.4% (continued)** |
| **INFORMATION TECHNOLOGY 21.4% (continued)** | **INFORMATION TECHNOLOGY 21.4% (continued)** | **INFORMATION TECHNOLOGY 21.4% (continued)** |
|  | **SOFTWARE 13.4%** | **SOFTWARE 13.4%** |
| 32700 | Cadence Design Systems, Inc.<sup>(1)</sup>  | &nbsp;&nbsp;&nbsp; $9086349 |
| 10810 | Intuit, Inc.  | &nbsp;&nbsp;&nbsp; 4674028 |
| 22600 | Roper Technologies, Inc.  | &nbsp;&nbsp;&nbsp; 7997236 |
| 143125 | ServiceNow, Inc.<sup>(1)</sup>  | &nbsp;&nbsp;&nbsp; 14963719 |
| 35737 | Tyler Technologies, Inc.<sup>(1)</sup>  | &nbsp;&nbsp;&nbsp; 12235634 |
|  |  | &nbsp;&nbsp; **48956966** |
|  | **TELECOMMUNICATIONS 3.9%** | **TELECOMMUNICATIONS 3.9%** |
| 33100 | Motorola Solutions, Inc.  | &nbsp;&nbsp;&nbsp; 14364407 |
|  |  | &nbsp;&nbsp; **78536837** |
| **TOTAL COMMON STOCKS** <br>**(Cost $151,277,606)** | **TOTAL COMMON STOCKS** <br>**(Cost $151,277,606)** | &nbsp;&nbsp; **235917885** |
| **EXCHANGE-TRADED FUNDS 1.0%** | **EXCHANGE-TRADED FUNDS 1.0%** | **EXCHANGE-TRADED FUNDS 1.0%** |
| 34000 | iShares MBS ETF  | &nbsp;&nbsp;&nbsp; 3228300 |
| 10000 | &nbsp;&nbsp;&nbsp; Vanguard Mortgage-Backed Securities <br> ETF<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; 469500 |
| **TOTAL EXCHANGE-TRADED FUNDS** <br>**(Cost $3,717,752)** | **TOTAL EXCHANGE-TRADED FUNDS** <br>**(Cost $3,717,752)** | &nbsp;&nbsp; **3697800** |

---

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

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value** |
| **CORPORATE BONDS & NOTES 10.9%** | **CORPORATE BONDS & NOTES 10.9%** | **CORPORATE BONDS & NOTES 10.9%** |
| **BASIC MATERIALS 0.5%** | **BASIC MATERIALS 0.5%** | **BASIC MATERIALS 0.5%** |
|  | **IRON/STEEL 0.2%** | **IRON/STEEL 0.2%** |
| $750000 | &nbsp;&nbsp;&nbsp; ArcelorMittal SA, Senior Unsecured Notes, <br> 4.25%, 7/16/29<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; 747418 |
|  | **MINING 0.3%** | **MINING 0.3%** |
| 1000000 | &nbsp;&nbsp;&nbsp; Newmont Corp., Guaranteed Notes, 2.60%, <br> 7/15/32<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; 904469 |
|  |  | &nbsp;&nbsp; **1651887** |
| **COMMUNICATIONS 1.3%** | **COMMUNICATIONS 1.3%** | **COMMUNICATIONS 1.3%** |
|  | **INTERNET 0.4%** | **INTERNET 0.4%** |
| 750000 | &nbsp;&nbsp;&nbsp; Amazon.com, Inc., Senior Unsecured Notes, <br> 4.65%, 11/20/35 <br>| &nbsp;&nbsp;&nbsp; 735411 |
| 1000000 | &nbsp;&nbsp;&nbsp; VeriSign, Inc., Senior Unsecured Notes, <br> 2.70%, 6/15/31<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; 895321 |
|  |  | &nbsp;&nbsp; **1630732** |
|  | **MEDIA 0.2%** | **MEDIA 0.2%** |
| 750000 | &nbsp;&nbsp;&nbsp; Comcast Corp., Guaranteed Notes, 4.25%, <br> 1/15/33 <br>| &nbsp;&nbsp;&nbsp; 724776 |
|  | **TELECOMMUNICATIONS 0.7%** | **TELECOMMUNICATIONS 0.7%** |
| 1000000 | &nbsp;&nbsp;&nbsp; AT&T, Inc., Senior Unsecured Notes, 2.55%, <br> 12/1/33 <br>| &nbsp;&nbsp;&nbsp; 846237 |
| 750000 | &nbsp;&nbsp;&nbsp; Motorola Solutions, Inc., Senior Unsecured <br> Notes, 5.55%, 8/15/35 <br>| &nbsp;&nbsp;&nbsp; 766793 |
| 1000000 | &nbsp;&nbsp;&nbsp; T-Mobile USA, Inc., Guaranteed Notes, <br> 3.50%, 4/15/31 <br>| &nbsp;&nbsp;&nbsp; 945779 |
|  |  | &nbsp;&nbsp; **2558809** |
|  |  | &nbsp;&nbsp; **4914317** |
| **CONSUMER, CYCLICAL 1.3%** | **CONSUMER, CYCLICAL 1.3%** | **CONSUMER, CYCLICAL 1.3%** |
|  | **AUTO MANUFACTURERS 0.2%** | **AUTO MANUFACTURERS 0.2%** |
| 750000 | &nbsp;&nbsp;&nbsp; General Motors Financial Co., Inc., Senior <br> Unsecured Notes, 5.45%, 9/6/34 <br>| &nbsp;&nbsp;&nbsp; 743867 |

---

*See Supplementary Notes to Financial Statements.*

------

Schedule of Investments (unaudited) (continued)

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
| **CORPORATE BONDS & NOTES 10.9% (continued)** | **CORPORATE BONDS & NOTES 10.9% (continued)** | **CORPORATE BONDS & NOTES 10.9% (continued)** |
| **CONSUMER, CYCLICAL 1.3% (continued)** | **CONSUMER, CYCLICAL 1.3% (continued)** | **CONSUMER, CYCLICAL 1.3% (continued)** |
|  | **LODGING 0.4%** | **LODGING 0.4%** |
| $750000 | &nbsp;&nbsp;&nbsp; Hyatt Hotels Corp., Senior Unsecured Notes, <br> 5.38%, 12/15/31<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; $759091 |
| 750000 | &nbsp;&nbsp;&nbsp; Marriott International, Inc., Senior Unsecured <br> Notes, 5.50%, 4/15/37 <br>| &nbsp;&nbsp;&nbsp; 746717 |
|  |  | &nbsp;&nbsp; **1505808** |
|  | **RETAIL 0.7%** | **RETAIL 0.7%** |
| 1000000 | &nbsp;&nbsp;&nbsp; Costco Wholesale Corp., Senior Unsecured <br> Notes, 1.75%, 4/20/32 <br>| &nbsp;&nbsp;&nbsp; 864284 |
| 750000 | &nbsp;&nbsp;&nbsp; Lowe's Cos., Inc., Senior Unsecured Notes, <br> 4.50%, 10/15/32 <br>| &nbsp;&nbsp;&nbsp; 737106 |
| 750000 | &nbsp;&nbsp;&nbsp; McDonald's Corp., Senior Unsecured Notes, <br> 4.70%, 12/9/35 <br>| &nbsp;&nbsp;&nbsp; 734671 |
|  |  | &nbsp;&nbsp; **2336061** |
|  |  | &nbsp;&nbsp; **4585736** |
| **CONSUMER, NON-CYCLICAL 2.0%** | **CONSUMER, NON-CYCLICAL 2.0%** | **CONSUMER, NON-CYCLICAL 2.0%** |
|  | **BIOTECHNOLOGY 0.4%** | **BIOTECHNOLOGY 0.4%** |
| 1000000 | &nbsp;&nbsp;&nbsp; Gilead Sciences, Inc., Senior Unsecured <br> Notes, 4.60%, 9/1/35 <br>| &nbsp;&nbsp;&nbsp; 977200 |
| 750000 | &nbsp;&nbsp;&nbsp; Regeneron Pharmaceuticals, Inc., Senior <br> Unsecured Notes, 1.75%, 9/15/30 <br>| &nbsp;&nbsp;&nbsp; 664771 |
|  |  | &nbsp;&nbsp; **1641971** |
|  | **COMMERCIAL SERVICES 0.2%** | **COMMERCIAL SERVICES 0.2%** |
| 750000 | &nbsp;&nbsp;&nbsp; PayPal Holdings, Inc., Senior Unsecured <br> Notes, 5.15%, 6/1/34<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; 748000 |
|  | **HEALTHCARE PRODUCTS 0.5%** | **HEALTHCARE PRODUCTS 0.5%** |
| 750000 | &nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc., Senior <br> Unsecured Notes, 4.80%, 8/14/29 <br>| &nbsp;&nbsp;&nbsp; 756815 |
| 1000000 | &nbsp;&nbsp;&nbsp; Stryker Corp., Senior Unsecured Notes, <br> 5.20%, 2/10/35<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; 1012570 |
|  |  | &nbsp;&nbsp; **1769385** |
|  | **PHARMACEUTICALS 0.9%** | **PHARMACEUTICALS 0.9%** |
| 750000 | &nbsp;&nbsp;&nbsp; AbbVie, Inc., Senior Unsecured Notes, 3.20%, <br> 11/21/29 <br>| &nbsp;&nbsp;&nbsp; 723049 |
| 1000000 | &nbsp;&nbsp;&nbsp; AstraZeneca PLC, Senior Unsecured Notes, <br> 1.38%, 8/6/30 <br>| &nbsp;&nbsp;&nbsp; 882452 |
| 750000 | &nbsp;&nbsp;&nbsp; Eli Lilly & Co., Senior Unsecured Notes, <br> 4.60%, 8/14/34<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; 742413 |
| 1000000 | &nbsp;&nbsp;&nbsp; Pfizer Investment Enterprises Pte. Ltd., <br> Guaranteed Notes, 5.30%, 5/19/53<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; 929370 |
|  |  | &nbsp;&nbsp; **3277284** |
|  |  | &nbsp;&nbsp; **7436640** |
| **ENERGY 0.6%** | **ENERGY 0.6%** | **ENERGY 0.6%** |
|  | **OIL & GAS 0.2%** | **OIL & GAS 0.2%** |
| 750000 | &nbsp;&nbsp;&nbsp; Diamondback Energy, Inc., Guaranteed Notes, <br> 5.15%, 1/30/30<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; 765269 |
|  | **PIPELINES 0.4%** | **PIPELINES 0.4%** |
| 1000000 | &nbsp;&nbsp;&nbsp; Enbridge, Inc., Guaranteed Notes, 2.50%, <br> 8/1/33<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; 849573 |
| 750000 | &nbsp;&nbsp;&nbsp; MPLX LP, Senior Unsecured Notes, 5.40%, <br> 4/1/35 <br>| &nbsp;&nbsp;&nbsp; 749244 |
|  |  | &nbsp;&nbsp; **1598817** |
|  |  | &nbsp;&nbsp; **2364086** |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
| **CORPORATE BONDS & NOTES 10.9% (continued)** | **CORPORATE BONDS & NOTES 10.9% (continued)** | **CORPORATE BONDS & NOTES 10.9% (continued)** |
| **FINANCIAL 2.9%** | **FINANCIAL 2.9%** | **FINANCIAL 2.9%** |
|  | **BANKS 2.1%** | **BANKS 2.1%** |
| $1000000 | &nbsp;&nbsp;&nbsp; Bank of America Corp., (1 day USD SOFR + <br> 2.16%), 5.02%, 7/22/33<sup>(3)</sup> <br>| &nbsp;&nbsp;&nbsp; $1005907 |
| 1000000 | &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp., (1 day USD <br> SOFR + 1.51%), 4.71%, 2/1/34<sup>(3)</sup> <br>| &nbsp;&nbsp;&nbsp; 988124 |
| 750000 | &nbsp;&nbsp;&nbsp; Goldman Sachs Group, Inc., Senior <br> Unsecured Notes, (1 day USD SOFR + <br> 1.42%), 5.02%, 10/23/35<sup>(3)</sup> <br>| &nbsp;&nbsp;&nbsp; 736128 |
| 1000000 | &nbsp;&nbsp;&nbsp; JPMorgan Chase & Co., Senior Unsecured <br> Notes, (3 mo. USD Term SOFR + 1.64%), <br> 3.96%, 11/15/48<sup>(3)</sup> <br>| &nbsp;&nbsp;&nbsp; 775823 |
| 750000 | &nbsp;&nbsp;&nbsp; Morgan Stanley, (1 day USD SOFR + 2.56%), <br> 6.34%, 10/18/33<sup>(3)</sup> <br>| &nbsp;&nbsp;&nbsp; 802480 |
| 750000 | &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc., Senior <br> Unsecured Notes, (1 day USD SOFR + <br> 1.26%), 4.81%, 10/21/32<sup>(3)</sup> <br>| &nbsp;&nbsp;&nbsp; 747505 |
| 750000 | &nbsp;&nbsp;&nbsp; U.S. Bancorp, Senior Unsecured Notes, (1 day <br> USD SOFR + 1.60%), 4.84%, 2/1/34<sup>(3)</sup> <br>| &nbsp;&nbsp;&nbsp; 741208 |
| 1000000 | &nbsp;&nbsp;&nbsp; Wells Fargo & Co., Senior Unsecured Notes, (1 <br> day USD SOFR + 1.07%), 5.71%, <br> 4/22/28<sup>(3)</sup> <br>| &nbsp;&nbsp;&nbsp; 1012899 |
| 1000000 | &nbsp;&nbsp;&nbsp; Wells Fargo & Co., (1 day USD SOFR + <br> 2.13%), 4.61%, 4/25/53<sup>(3)</sup> <br>| &nbsp;&nbsp;&nbsp; 829118 |
|  |  | &nbsp;&nbsp; **7639192** |
|  | **DIVERSIFIED FINANCIALS 0.4%** | **DIVERSIFIED FINANCIALS 0.4%** |
| 1000000 | &nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap Global <br> Aviation Trust, Guaranteed Notes, 3.30%, <br> 1/30/32 <br>| &nbsp;&nbsp;&nbsp; 908226 |
| 750000 | &nbsp;&nbsp;&nbsp; American Express Co., Senior Unsecured <br> Notes, (1 day USD SOFR + 1.84%), 5.04%, <br> 5/1/34<sup>(3)</sup> <br>| &nbsp;&nbsp;&nbsp; 751137 |
|  |  | &nbsp;&nbsp; **1659363** |
|  | **REITS 0.4%** | **REITS 0.4%** |
| 750000 | &nbsp;&nbsp;&nbsp; American Tower Corp., Senior Unsecured <br> Notes, 4.70%, 12/15/32 <br>| &nbsp;&nbsp;&nbsp; 736960 |
| 750000 | &nbsp;&nbsp;&nbsp; Extra Space Storage LP, Guaranteed Notes, <br> 5.40%, 2/1/34 <br>| &nbsp;&nbsp;&nbsp; 756152 |
|  |  | &nbsp;&nbsp; **1493112** |
|  |  | &nbsp;&nbsp; **10791667** |
| **INDUSTRIAL 0.8%** | **INDUSTRIAL 0.8%** | **INDUSTRIAL 0.8%** |
|  | **AEROSPACE/DEFENSE 0.2%** | **AEROSPACE/DEFENSE 0.2%** |
| 1000000 | RTX Corp., 4.50%, 6/1/42  | &nbsp;&nbsp;&nbsp; 887400 |
|  | **ELECTRONICS 0.3%** | **ELECTRONICS 0.3%** |
| 1000000 | &nbsp;&nbsp;&nbsp; Amphenol Corp., Senior Unsecured Notes, <br> 2.20%, 9/15/31 <br>| &nbsp;&nbsp;&nbsp; 887483 |
|  | **MISCELLANEOUS MANUFACTURERS 0.3%** | **MISCELLANEOUS MANUFACTURERS 0.3%** |
| 1000000 | Teledyne Technologies, Inc., 2.25%, 4/1/28<sup>(2)</sup>  | &nbsp;&nbsp;&nbsp; 958793 |
|  |  | &nbsp;&nbsp; **2733676** |
| **TECHNOLOGY 0.8%** | **TECHNOLOGY 0.8%** | **TECHNOLOGY 0.8%** |
|  | **SEMICONDUCTORS 0.5%** | **SEMICONDUCTORS 0.5%** |
| 1000000 | Broadcom, Inc., 4.30%, 11/15/32  | &nbsp;&nbsp;&nbsp; 973747 |
| 750000 | &nbsp;&nbsp;&nbsp; Micron Technology, Inc., Senior Unsecured <br> Notes, 6.05%, 11/1/35<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; 809282 |
|  |  | &nbsp;&nbsp; **1783029** |

---

*See Supplementary Notes to Financial Statements.*

------

March 31, 2026

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
| **CORPORATE BONDS & NOTES 10.9% (continued)** | **CORPORATE BONDS & NOTES 10.9% (continued)** | **CORPORATE BONDS & NOTES 10.9% (continued)** |
| **TECHNOLOGY 0.8% (continued)** | **TECHNOLOGY 0.8% (continued)** | **TECHNOLOGY 0.8% (continued)** |
|  | **SOFTWARE 0.3%** | **SOFTWARE 0.3%** |
| $1000000 | &nbsp;&nbsp;&nbsp; Roper Technologies, Inc., Senior Unsecured <br> Notes, 5.10%, 9/15/35<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; $972378 |
|  |  | &nbsp;&nbsp; **2755407** |
| **UTILITIES 0.7%** | **UTILITIES 0.7%** | **UTILITIES 0.7%** |
|  | **ELECTRIC 0.5%** | **ELECTRIC 0.5%** |
| 1000000 | &nbsp;&nbsp;&nbsp; Duke Energy Corp., Senior Unsecured Notes, <br> 4.50%, 8/15/32<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; 984249 |
| 750000 | &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc., <br> Guaranteed Notes, 5.05%, 3/15/30<sup>(2)</sup> <br>| &nbsp;&nbsp;&nbsp; 763894 |
|  |  | &nbsp;&nbsp; **1748143** |
|  | **GAS 0.2%** | **GAS 0.2%** |
| 1000000 | &nbsp;&nbsp;&nbsp; NiSource, Inc., Senior Unsecured Notes, <br> 3.60%, 5/1/30 <br>| &nbsp;&nbsp;&nbsp; 963645 |
|  |  | &nbsp;&nbsp; **2711788** |
| **TOTAL CORPORATE BONDS & NOTES** <br>**(Cost $40,708,392)** | **TOTAL CORPORATE BONDS & NOTES** <br>**(Cost $40,708,392)** | &nbsp;&nbsp; **39945204** |
| **LONG-TERM MUNICIPAL SECURITIES 0.8%** | **LONG-TERM MUNICIPAL SECURITIES 0.8%** | **LONG-TERM MUNICIPAL SECURITIES 0.8%** |
|  | **CALIFORNIA 0.2%** | **CALIFORNIA 0.2%** |
| 750000 | State of California, GO, 5.70%, 10/1/32  | &nbsp;&nbsp;&nbsp; 803598 |
|  | **HAWAII 0.2%** | **HAWAII 0.2%** |
| 750000 | &nbsp;&nbsp;&nbsp; State of Hawaii, Series GN, GO, 4.62%, <br> 10/1/32 <br>| &nbsp;&nbsp;&nbsp; 761534 |
|  | **MICHIGAN 0.2%** | **MICHIGAN 0.2%** |
| 750000 | University of Michigan, 5.18%, 4/1/35  | &nbsp;&nbsp;&nbsp; 760702 |
|  | **NEW YORK 0.2%** | **NEW YORK 0.2%** |
| 750000 | &nbsp;&nbsp;&nbsp; Empire State Development Corp., Series B-3, <br> 3.90%, 3/15/33 <br>| &nbsp;&nbsp;&nbsp; 732290 |
| **TOTAL LONG-TERM MUNICIPAL SECURITIES** <br>**(Cost $3,041,040)** | **TOTAL LONG-TERM MUNICIPAL SECURITIES** <br>**(Cost $3,041,040)** | &nbsp;&nbsp; **3058124** |
| **RESIDENTIAL MORTGAGE-BACKED SECURITIES 7.6%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES 7.6%** | **RESIDENTIAL MORTGAGE-BACKED SECURITIES 7.6%** |
| 816625 | FHLMC Pool #QB2462, 3.00%, 8/1/50  | &nbsp;&nbsp;&nbsp; 724166 |
| 1601086 | FHLMC Pool #QB2958, 3.00%, 9/1/50  | &nbsp;&nbsp;&nbsp; 1418314 |
| 3256609 | FHLMC Pool #QF1236, 4.50%, 10/1/52  | &nbsp;&nbsp;&nbsp; 3156823 |
| 1657447 | FHLMC Pool #SD8108, 3.00%, 11/1/50  | &nbsp;&nbsp;&nbsp; 1468764 |
| 692082 | FHLMC Pool #ZS4647, 3.50%, 1/1/46  | &nbsp;&nbsp;&nbsp; 648972 |
| 1098015 | FNMA Pool #AS0516, 3.00%, 9/1/43  | &nbsp;&nbsp;&nbsp; 1004014 |
| 178703 | FNMA Pool #AX9528, 3.50%, 2/1/45  | &nbsp;&nbsp;&nbsp; 167803 |
| 970580 | FNMA Pool #BM3634, 3.50%, 5/1/47  | &nbsp;&nbsp;&nbsp; 907964 |
| 4384916 | FNMA Pool #CB2403, 2.50%, 12/1/51  | &nbsp;&nbsp;&nbsp; 3705940 |
| 3407526 | FNMA Pool #CB5892, 4.50%, 3/1/53  | &nbsp;&nbsp;&nbsp; 3303123 |
| 1005102 | FNMA Pool #FM9760, 3.50%, 11/1/51  | &nbsp;&nbsp;&nbsp; 928408 |
| 899638 | FNMA Pool #MA4222, 3.50%, 12/1/50  | &nbsp;&nbsp;&nbsp; 831938 |
| 1167241 | FNMA Pool #MA4494, 3.00%, 12/1/51  | &nbsp;&nbsp;&nbsp; 1032883 |
| 1846915 | FNMA Pool #MA4495, 3.50%, 12/1/51  | &nbsp;&nbsp;&nbsp; 1695691 |
| 2058796 | FNMA Pool #MA5283, MBS, 4.00%, 2/1/54  | &nbsp;&nbsp;&nbsp; 1944412 |
| 5380979 | GNMA II Pool #MA8043, 3.00%, 5/20/52  | &nbsp;&nbsp;&nbsp; 4807360 |
| **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES** <br>**(Cost $29,548,919)** | **TOTAL RESIDENTIAL MORTGAGE-BACKED SECURITIES** <br>**(Cost $29,548,919)** | &nbsp;&nbsp; **27746575** |
| **U.S. TREASURY OBLIGATIONS 13.0%** | **U.S. TREASURY OBLIGATIONS 13.0%** | **U.S. TREASURY OBLIGATIONS 13.0%** |
| 2750000 | U.S. Treasury Bonds, 3.88%, 5/15/43  | &nbsp;&nbsp;&nbsp; 2437295 |
| 2500000 | U.S. Treasury Bonds, 3.63%, 5/15/53  | &nbsp;&nbsp;&nbsp; 2004590 |

---

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br>|  | **Value** |
| **U.S. TREASURY OBLIGATIONS 13.0% (continued)** | **U.S. TREASURY OBLIGATIONS 13.0% (continued)** | **U.S. TREASURY OBLIGATIONS 13.0% (continued)** |
| $3000000 | U.S. Treasury Bonds, 4.25%, 8/15/54  | &nbsp;&nbsp;&nbsp; $2686875 |
| 3500000 | U.S. Treasury Notes, 4.50%, 7/15/26  | &nbsp;&nbsp;&nbsp; 3507345 |
| 2500300 | U.S. Treasury Notes, 2.25%, 8/15/27  | &nbsp;&nbsp;&nbsp; 2447559 |
| 6000000 | U.S. Treasury Notes, 2.75%, 2/15/28  | &nbsp;&nbsp;&nbsp; 5884922 |
| 6500000 | U.S. Treasury Notes, 3.63%, 8/31/29  | &nbsp;&nbsp;&nbsp; 6450234 |
| 4000000 | U.S. Treasury Notes, 1.50%, 2/15/30  | &nbsp;&nbsp;&nbsp; 3660312 |
| 2000000 | U.S. Treasury Notes, 3.50%, 2/28/31<sup>(2)</sup>  | &nbsp;&nbsp;&nbsp; 1961250 |
| 6000000 | U.S. Treasury Notes, 2.75%, 8/15/32  | &nbsp;&nbsp;&nbsp; 5549297 |
| 2000000 | U.S. Treasury Notes, 3.88%, 8/15/33  | &nbsp;&nbsp;&nbsp; 1963359 |
| 4000000 | U.S. Treasury Notes, 4.00%, 2/15/34  | &nbsp;&nbsp;&nbsp; 3945625 |
| 5000000 | U.S. Treasury Notes, 4.25%, 5/15/35  | &nbsp;&nbsp;&nbsp; 4986719 |
| **TOTAL U.S. TREASURY OBLIGATIONS** <br>**(Cost $47,903,080)** | **TOTAL U.S. TREASURY OBLIGATIONS** <br>**(Cost $47,903,080)** | &nbsp;&nbsp; **47485382** |

---

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

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Value** |
| **SHORT-TERM INVESTMENTS 2.3%** | **SHORT-TERM INVESTMENTS 2.3%** |
|  | **MONEY MARKET FUNDS 2.3%** |
| 6399364<br> &nbsp;&nbsp;&nbsp; State Street Institutional U.S. Government <br> Money Market Fund, Premier Class, <br> 3.60%<sup>(4)</sup> <br>| &nbsp;&nbsp;&nbsp; 6399364 |
| 2242320<br> &nbsp;&nbsp;&nbsp; State Street Navigator Securities Lending <br> Government Money Market Portfolio<sup>(5)</sup> <br>| &nbsp;&nbsp;&nbsp; 2242320 |
|  | &nbsp;&nbsp; **8641684** |
| **TOTAL SHORT-TERM INVESTMENTS** <br>**(Cost $8,641,684)** | &nbsp;&nbsp; **8641684** |
| **TOTAL INVESTMENTS IN SECURITIES 100.0%** <br>**(Cost $284,838,473)** | &nbsp;&nbsp; **$366492654** |
| **EXCESS OF LIABILITIES OVER CASH AND OTHER ASSETS** <br> **(0.0)%** | &nbsp;&nbsp; **(90506)**<br>|
| **NET ASSETS**<sup>(6)</sup> **100.0%** | &nbsp;&nbsp; **$366402148** |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;*(1)* *Non-income producing.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(2)* *A portion or all of the security was held on loan. As of* *March 31, 2026, the market value of the securities on* *loan was $9,030,914.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(3)* *Floating or variable rate security. The rate disclosed is* *the rate in effect as of March 31, 2026. The information* *in parentheses represents the benchmark and reference* *rate for each relevant security and the rate adjusts based* *upon the reference rate and spread. The security may be* *further subject to interest rate floor and caps. For* *securities which do not indicate a reference rate and* *spread in their descriptions, the interest rate adjusts* *periodically based on current interest rates and, for* *mortgage-backed securities, prepayments in the* *underlying pool of assets.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(4)* *Rate reflects 7 day yield as of March 31, 2026.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(5)* *Securities with an aggregate market value of $9,030,914* *were out on loan in exchange for collateral including* *$2,242,320 of cash collateral as of March 31, 2026. The* *collateral was invested in a cash collateral reinvestment* *vehicle.* 

&nbsp;&nbsp;&nbsp;&nbsp;*(6)* *For federal income tax purposes, the aggregate cost was* *$284,838,473, aggregate gross unrealized appreciation* *was $91,308,885, aggregate gross unrealized* *depreciation was $9,654,704 and the net unrealized* *appreciation was $81,654,181.* 

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

*See Supplementary Notes to Financial Statements.*

------

Schedule of Investments (unaudited) (continued)

------

---

| | |
|:---|:---|
| *ETF* | *Exchange Traded Fund.* |
| *FHLMC* | *Federal Home Loan Mortgage Corp.* |
| *FNMA* | *Federal National Mortgage Association.* |
| *GNMA* | *Government National Mortgage Association.* |
| *REITS* | *Real Estate Investment Trusts.* |
| *SOFR* | *Secured Overnight Financing Rate.* |

---

*See Supplementary Notes to Financial Statements.*

------

Supplementary Notes to Schedule of Investments

------

The Fund follows fair valuation accounting standards (FASB ASC 820-10) which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs during the period. These inputs are summarized in the three broad levels listed below:

• Level 1 - Inputs that reflect unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access at the measurement date;

• Level 2 - Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly, including inputs in markets that are not considered to be active;

• Level 3 - Inputs that are unobservable.

Transfers between investment levels may occur as the markets fluctuate and/or the availability of data used in an investment's valuation changes. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

An investment asset's or liability's level within the fair value hierarchy is based on the lowest level input, individually or in aggregate, that is significant to fair value measurement. The objective of fair value measurement remains the same even when there is a significant decrease in the volume and level of activity for an asset or liability and regardless of the valuation techniques used.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VALUE LINE ASSET ALLOCATION FUND INC

- **b. Investment Company Act file number:** 811-07702

- **c. CIK number of Registrant:** 0000904170

- **d. LEI of Registrant:** 549300IQJPPEZPF7LK27

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

  - **Street Address 1:** 1605 Main Street

  - **City:** Sarasota

  - **State:** FL

  - **Foreign country:** US

  - **Zip / Postal Code:** 34236

  - **Telephone number:** 212-907-1900

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

- **a. Name of Series:** VALUE LINE ASSET ALLOCATION FUND INC

- **b. EDGAR series identifier (if any):** S000007558

- **c. LEI of Series:** 549300IQJPPEZPF7LK27

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $370389602.07

**Total Liabilities:** $2749055.75

**Net Assets:** $367640546.32

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -40.95000000 | **1-Year:** -1738.20000000 | **5-Year:** -12438.69000000 | **10-Year:** -10819.98000000 | **30-Year:** -2041.09000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000020616 | -1.62%               | 0.66%                | -5.23%               |
| Class ID C000162154 | -1.62%               | 0.66%                | -5.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $16890514.38             | $-24990115.41                              |
| Month 2  | $21730077.37             | $-19722504.49                              |
| Month 3  | $21307163.84             | $-42561893.50                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T INC                                         | AT&T, Inc.                                                                         | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $846237.36    | 0.23%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                       | AbbVie, Inc.                                                                       | CUSIP: 00287YBX6<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    750000 | PA      | $723049.20    | 0.20%             | 2029-11-21      | Fixed         | 3.20%                 | No            |                  2 | 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        |   1000000 | PA      | $908225.76    | 0.25%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                   | Amazon.com, Inc.                                                                   | CUSIP: 023135CV6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    750000 | PA      | $735411.22    | 0.20%             | 2035-11-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                              | American Express Co.                                                               | CUSIP: 025816DF3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    750000 | PA      | $751137.04    | 0.20%             | 2034-05-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| American Financial Group Inc/OH                  | American Financial Group, Inc.                                                     | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     70100 | NS      | $8952471.00   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                              | American Tower Corp.                                                               | CUSIP: 03027XCR9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |    750000 | PA      | $736960.19    | 0.20%             | 2032-12-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| AMPHENOL CORP                                    | Amphenol Corp.                                                                     | CUSIP: 032095AL5<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $887482.74    | 0.24%             | 2031-09-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL                                    | ArcelorMittal SA                                                                   | CUSIP: 03938LBC7<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |    750000 | PA      | $747418.06    | 0.20%             | 2029-07-16      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| ASTRAZENECA PLC                                  | AstraZeneca PLC                                                                    | CUSIP: 046353AW8<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $882451.56    | 0.24%             | 2030-08-06      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp.                                                              | CUSIP: 06051GKY4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005907.02   | 0.27%             | 2033-07-22      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                           | Bank of New York Mellon Corp.                                                      | CUSIP: 06406RBP1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988123.86    | 0.27%             | 2034-02-01      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| W R Berkley Corp                                 | W.R. Berkley Corp.                                                                 | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |    203958 | NS      | $13518336.24  | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                     | Broadcom, Inc.                                                                     | CUSIP: 11135FAS0<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973746.92    | 0.26%             | 2032-11-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CGI Inc                                          | CGI, Inc.                                                                          | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |    146900 | NS      | $10738390.00  | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                       | Cadence Design Systems, Inc.                                                       | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     32700 | NS      | $9086349.00   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| State of California                              | State of California                                                                | CUSIP: 13063D2Z0<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |    750000 | PA      | $803598.23    | 0.22%             | 2032-10-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Casey's General Stores Inc                       | Casey's General Stores, Inc.                                                       | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      5100 | NS      | $3712086.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                      | Cintas Corp.                                                                       | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32846 | NS      | $5555572.44   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| COMCAST CORP                                     | Comcast Corp.                                                                      | CUSIP: 20030NBH3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    750000 | PA      | $724775.75    | 0.20%             | 2033-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Costco Wholesale Corp                            | Costco Wholesale Corp.                                                             | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     12000 | NS      | $11957160.00  | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTCO WHOLESALE CORP                            | Costco Wholesale Corp.                                                             | CUSIP: 22160KAQ8<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $864284.35    | 0.24%             | 2032-04-20      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                           | Diamondback Energy, Inc.                                                           | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    750000 | PA      | $765268.76    | 0.21%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| DUKE ENERGY CORP                                 | Duke Energy Corp.                                                                  | CUSIP: 26441CBT1<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $984248.87    | 0.27%             | 2032-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| ENBRIDGE INC                                     | Enbridge, Inc.                                                                     | CUSIP: 29250NBF1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $849572.88    | 0.23%             | 2033-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: —       |
| Exponent Inc                                     | Exponent, Inc.                                                                     | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |     39300 | NS      | $2564325.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| EXTRA SPACE STORAGE LP                           | Extra Space Storage LP                                                             | CUSIP: 30225VAS6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |   1000000 | PA      | $1008202.35   | 0.27%             | 2034-02-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | FHLMC Pool #ZS4647                                                                 | CUSIP: 3132A5EU5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    692082 | PA      | $648972.44    | 0.18%             | 2046-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | FHLMC Pool #SD8108                                                                 | CUSIP: 3132DWAH6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1657447 | PA      | $1468764.47   | 0.40%             | 2050-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | FHLMC Pool #QB2462                                                                 | CUSIP: 3133A8WX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    816625 | PA      | $724166.10    | 0.20%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | FHLMC Pool #QB2958                                                                 | CUSIP: 3133A9JB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1601086 | PA      | $1418313.75   | 0.39%             | 2050-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | FHLMC Pool #QF1236                                                                 | CUSIP: 3133BNLR2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3256609 | PA      | $3156823.11   | 0.86%             | 2052-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs. | FHLMC Multifamily Structured Pass-Through Certificates                             | CUSIP: 3137BPW21<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |         0 | PA      | $0.00         | 0.00%             | 2026-03-25      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | FNMA Pool #AS0516                                                                  | CUSIP: 3138W9SE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1098015 | PA      | $1004013.87   | 0.27%             | 2043-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | FNMA Pool #AX9528                                                                  | CUSIP: 3138YBSS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    178703 | PA      | $167802.56    | 0.05%             | 2045-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | FNMA Pool #BM3634                                                                  | CUSIP: 3140J8BC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    970580 | PA      | $907964.31    | 0.25%             | 2047-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | FNMA Pool #CB2403                                                                  | CUSIP: 3140QMU51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4384916 | PA      | $3705940.36   | 1.01%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | FNMA Pool #CB5892                                                                  | CUSIP: 3140QRRN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3407526 | PA      | $3303122.84   | 0.90%             | 2053-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | FNMA Pool #FM9760                                                                  | CUSIP: 3140XDZ25<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1005103 | PA      | $928408.18    | 0.25%             | 2051-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | FNMA Pool #MA4494                                                                  | CUSIP: 31418D7G1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1167241 | PA      | $1032883.47   | 0.28%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | FNMA Pool #MA4495                                                                  | CUSIP: 31418D7H9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1846915 | PA      | $1695690.59   | 0.46%             | 2051-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | FNMA Pool #MA4222                                                                  | CUSIP: 31418DVQ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    899638 | PA      | $831937.57    | 0.23%             | 2050-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | FNMA Pool #MA5283                                                                  | CUSIP: 31418E2R0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2058796 | PA      | $1944411.66   | 0.53%             | 2054-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | GNMA II Pool #MA8043                                                               | CUSIP: 36179W5C8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5380979 | PA      | $4807359.52   | 1.31%             | 2052-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                           | GE HealthCare Technologies, Inc.                                                   | CUSIP: 36266GAA5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    750000 | PA      | $756814.89    | 0.21%             | 2029-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                           | General Motors Financial Co., Inc.                                                 | CUSIP: 37045XFA9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    750000 | PA      | $743866.55    | 0.20%             | 2034-09-06      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                              | Gilead Sciences, Inc.                                                              | CUSIP: 375558BG7<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $977200.11    | 0.27%             | 2035-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                          | Goldman Sachs Group, Inc.                                                          | CUSIP: 38141GB78<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    750000 | PA      | $736127.78    | 0.20%             | 2035-10-23      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                  | State of Hawaii                                                                    | CUSIP: 419792Q25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $761533.65    | 0.21%             | 2032-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HEICO Corp                                       | HEICO Corp.                                                                        | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     16400 | NS      | $4496880.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HYATT HOTELS CORP                                | Hyatt Hotels Corp.                                                                 | CUSIP: 448579AT9<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |    750000 | PA      | $759090.76    | 0.21%             | 2031-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| IDEXX Laboratories Inc                           | IDEXX Laboratories, Inc.                                                           | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      4812 | NS      | $2703814.68   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                    | Intercontinental Exchange, Inc.                                                    | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     52944 | NS      | $8327032.32   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                       | Intuit, Inc.                                                                       | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     10810 | NS      | $4674027.80   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MBS ETF                                  | iShares MBS ETF                                                                    | CUSIP: 464288588<br>LEI: 549300M0TH0IE2E6RP07 | Long             | EC               | RF                | US        |     34000 | NS      | $3228300.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co.                                                               | CUSIP: 46647PAL0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $775823.07    | 0.21%             | 2048-11-15      | Fixed         | 3.96%                 | No            |                  2 | On Loan: No      |
| Lennox International Inc                         | Lennox International, Inc.                                                         | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |     17400 | NS      | $8075862.00   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & CO                                   | Eli Lilly & Co.                                                                    | CUSIP: 532457CR7<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    750000 | PA      | $742412.96    | 0.20%             | 2034-08-14      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| LOWE'S COS INC                                   | Lowe's Cos., Inc.                                                                  | CUSIP: 548661EW3<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $982807.84    | 0.27%             | 2032-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                          | MPLX LP                                                                            | CUSIP: 55336VBY5<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    750000 | PA      | $749244.26    | 0.20%             | 2035-04-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MSCI Inc                                         | MSCI, Inc.                                                                         | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     15600 | NS      | $8408556.00   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                         | Marsh & McLennan Cos., Inc.                                                        | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      7300 | NS      | $1266185.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD                    | Marriott International, Inc.                                                       | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     28000 | NS      | $9157960.00   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT INTERNATIONAL                           | Marriott International, Inc.                                                       | CUSIP: 571903BU6<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |    750000 | PA      | $746717.30    | 0.20%             | 2037-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                                  | McDonald's Corp.                                                                   | CUSIP: 58013MEZ3<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    750000 | PA      | $734671.09    | 0.20%             | 2035-12-09      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                            | Micron Technology, Inc.                                                            | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    750000 | PA      | $809281.89    | 0.22%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: —       |
| MORGAN STANLEY                                   | Morgan Stanley                                                                     | CUSIP: 61747YEY7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    750000 | PA      | $802480.37    | 0.22%             | 2033-10-18      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc                           | Motorola Solutions, Inc.                                                           | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     33100 | NS      | $14364407.00  | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MOTOROLA SOLUTIONS INC                           | Motorola Solutions, Inc.                                                           | CUSIP: 620076CC1<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |    750000 | PA      | $766793.48    | 0.21%             | 2035-08-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                    | Empire State Development Corp.                                                     | CUSIP: 650036JX5<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    750000 | PA      | $732290.25    | 0.20%             | 2033-03-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| NEWMONT CORP                                     | Newmont Corp.                                                                      | CUSIP: 651639AZ9<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $904468.82    | 0.25%             | 2032-07-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: —       |
| NEXTERA ENERGY CAPITAL                           | NextEra Energy Capital Holdings, Inc.                                              | CUSIP: 65339KDJ6<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    750000 | PA      | $763894.40    | 0.21%             | 2030-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: —       |
| NISOURCE INC                                     | NiSource, Inc.                                                                     | CUSIP: 65473PAJ4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $963645.21    | 0.26%             | 2030-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                           | PNC Financial Services Group, Inc.                                                 | CUSIP: 693475CA1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    750000 | PA      | $747505.43    | 0.20%             | 2032-10-21      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp                             | Parker-Hannifin Corp.                                                              | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      9000 | NS      | $8057160.00   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PAYPAL HOLDINGS INC                              | PayPal Holdings, Inc.                                                              | CUSIP: 70450YAP8<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997333.07    | 0.27%             | 2034-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| PFIZER INVESTMENT ENTER                          | Pfizer Investment Enterprises Pte. Ltd.                                            | CUSIP: 716973AG7<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   1000000 | PA      | $929370.09    | 0.25%             | 2053-05-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: —       |
| RLI Corp                                         | RLI Corp.                                                                          | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |    150200 | NS      | $8567408.00   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARMACEUTICAL                         | Regeneron Pharmaceuticals, Inc.                                                    | CUSIP: 75886FAE7<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $886360.95    | 0.24%             | 2030-09-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Republic Services Inc                            | Republic Services, Inc.                                                            | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     64803 | NS      | $14193153.06  | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                           | Roper Technologies, Inc.                                                           | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     22600 | NS      | $7997236.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ROPER TECHNOLOGIES INC                           | Roper Technologies, Inc.                                                           | CUSIP: 776696AM8<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $972377.98    | 0.26%             | 2035-09-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: —       |
| State Street Global Advisors                     | State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.74% | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   6399364 | NS      | $6399363.64   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                   | S&P Global, Inc.                                                                   | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     22619 | NS      | $9620765.46   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                                   | ServiceNow, Inc.                                                                   | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |    143125 | NS      | $14963718.75  | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                     | Stryker Corp.                                                                      | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     41371 | NS      | $13594096.89  | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP                                     | Stryker Corp.                                                                      | CUSIP: 863667BM2<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012570.72   | 0.28%             | 2035-02-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| T-MOBILE USA INC                                 | T-Mobile USA, Inc.                                                                 | CUSIP: 87264ABW4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $945778.62    | 0.26%             | 2031-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Teledyne Technologies Inc                        | Teledyne Technologies, Inc.                                                        | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      7400 | NS      | $4477074.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEDYNE TECHNOLOGIES IN                         | Teledyne Technologies, Inc.                                                        | CUSIP: 879360AD7<br>LEI: 549300VSMO9KYQWDND94 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958792.94    | 0.26%             | 2028-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: —       |
| TransDigm Group Inc                              | TransDigm Group, Inc.                                                              | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10400 | NS      | $12053184.00  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc                           | Tyler Technologies, Inc.                                                           | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |     40737 | NS      | $13947534.06  | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                                       | U.S. Bancorp                                                                       | CUSIP: 91159HJL5<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    750000 | PA      | $741207.83    | 0.20%             | 2034-02-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2004589.85   | 0.55%             | 2053-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2750000 | PA      | $2437294.92   | 0.66%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2686875.00   | 0.73%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                | CUSIP: 9128282R0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500300 | PA      | $2447559.30   | 0.67%             | 2027-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                | CUSIP: 9128283W8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5884921.86   | 1.60%             | 2028-02-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                | CUSIP: 912828Z94<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3660312.48   | 1.00%             | 2030-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5549296.86   | 1.51%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                | CUSIP: 91282CHM6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3500000 | PA      | $3507344.54   | 0.95%             | 2026-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                | CUSIP: 91282CHT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1963359.38   | 0.53%             | 2033-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                | CUSIP: 91282CJZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3945625.00   | 1.07%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                | CUSIP: 91282CLK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6500000 | PA      | $6450234.38   | 1.75%             | 2029-08-31      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4986718.75   | 1.36%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                | CUSIP: 91282CQD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1961250.00   | 0.53%             | 2031-02-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: —       |
| RTX CORP                                         | RTX Corp.                                                                          | CUSIP: 913017BT5<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $887400.16    | 0.24%             | 2042-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| University of Michigan                           | University of Michigan                                                             | CUSIP: 914455LL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $760702.13    | 0.21%             | 2035-04-01      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Vanguard Mortgage-Backed Securities ETF          | Vanguard Mortgage-Backed Securities ETF                                            | CUSIP: 92206C771<br>LEI: 157FPOCFDEEVUKWE4M41 | Long             | EC               | RF                | US        |     10000 | NS      | $469500.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| VERISIGN INC                                     | VeriSign, Inc.                                                                     | CUSIP: 92343EAM4<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $895320.72    | 0.24%             | 2031-06-15      | Fixed         | 2.70%                 | No            |                  2 | On Loan: —       |
| Waste Connections Inc                            | Waste Connections, Inc.                                                            | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     16000 | NS      | $2599040.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co.                                                                  | CUSIP: 95000U2Z5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $829117.75    | 0.23%             | 2053-04-25      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                            | Wells Fargo & Co.                                                                  | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012899.43   | 0.28%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                     | State Street Navigator Securities Lending Government Money Market Portfolio        | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   2242320 | NS      | $2242320.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-22

**Name of Applicant:** VALUE LINE ASSET ALLOCATION FUND INC

**Signature:** Jim Gallo

**Name of Signer:** Jim Gallo

**Title:** Treasurer