# EDGAR Filing Document

**Accession Number:** 0000787623
**File Stem:** 0001410368-25-007641
**Filing Date:** 2025-9
**Character Count:** 304792
**Document Hash:** b1c25c7eca2a11f0c4eb5c39a98c8efe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-007641.hdr.sgml**: 20250922

**ACCESSION NUMBER**: 0001410368-25-007641

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250922

**DATE AS OF CHANGE**: 20250922

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRANSAMERICA FUNDS
- **CENTRAL INDEX KEY:** 0000787623

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04556
- **FILM NUMBER:** 251328886

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRANSAMERICA IDEX MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20040301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDEX MUTUAL FDS
- **DATE OF NAME CHANGE:** 20010504

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IDEX MUTUAL FUNDS /
- **DATE OF NAME CHANGE:** 20010423

## Series and Classes Contracts Data

### Transamerica Core Bond (formerly Transamerica Intermediate Bond) (Series ID: S000044275)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000137931 | I2           |  |
| C000171829 | R            | TMBRX           |
| C000171830 | R4           | TMBFX           |
| C000171831 | I3           | TMBTX           |
| C000228029 | R6           | TAGMX           |
| C000240465 | I            | TABGX           |
| C000240466 | A            | TABDX           |
| C000240467 | C            | TABEX           |

## Nport-Ex

**Transamerica Core Bond**

------

**SCHEDULE OF INVESTMENTS**

**At July 31, 2025**

**(unaudited)**

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

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES - 32.9%**  | **CORPORATE DEBT SECURITIES - 32.9%**  | **CORPORATE DEBT SECURITIES - 32.9%**  |
| **Aerospace & Defense - 0.9%**  | **Aerospace & Defense - 0.9%**  | **Aerospace & Defense - 0.9%**  |
| Boeing Co. |  |  |
| 3.50%, 03/01/2039 | $2319000 | $1818224 |
| 6.53%, 05/01/2034 | 3849000 | 4189283 |
| 6.86%, 05/01/2054 | 1578000 | 1734480 |
| General Electric Co. |  |  |
| 4.13%, 10/09/2042 | 1735000 | 1445260 |
| 4.30%, 07/29/2030 | 2140000 | 2129790 |
| 4.50%, 03/11/2044 | 2189000 | 1934297 |
| HEICO Corp. |  |  |
| 5.35%, 08/01/2033 | 3008000 | 3066541 |
|  |  | 16317875 |
| **Automobile Components - 0.2%**  | **Automobile Components - 0.2%**  | **Automobile Components - 0.2%**  |
| Aptiv Swiss Holdings Ltd. |  |  |
| 3.25%, 03/01/2032 | 1988000 | 1775883 |
| ZF North America Capital, Inc. |  |  |
| 6.88%, 04/23/2032 <sup>(A)</sup> <br>| 2225000 | 2076199 |
|  |  | 3852082 |
| **Automobiles - 1.0%**  | **Automobiles - 1.0%**  | **Automobiles - 1.0%**  |
| BMW U.S. Capital LLC |  |  |
| 2.80%, 04/11/2026 <sup>(A)</sup> <br>| 2320000 | 2293010 |
| Ford Motor Credit Co. LLC |  |  |
| 3.38%, 11/13/2025 | 4184000 | 4163182 |
| 6.95%, 03/06/2026 | 2182000 | 2199145 |
| General Motors Co. |  |  |
| 5.35%, 04/15/2028 | 1356000 | 1378014 |
| 6.25%, 10/02/2043 | 922000 | 913455 |
| Hyundai Capital America |  |  |
| 5.40%, 06/23/2032 <sup>(A)</sup> <br>| 4233000 | 4297678 |
| Volkswagen Group of America <br> Finance LLC |  |  |
| 1.63%, 11/24/2027 <sup>(A)</sup> <br>| 2434000 | 2268732 |
|  |  | 17513216 |
| **Banks - 6.0%**  | **Banks - 6.0%**  | **Banks - 6.0%**  |
| Banco Santander SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/14/2027, <br>5.55% <sup>(B)</sup>, 03/14/2028<br>| 2400000 | 2433927 |
| Bank of America Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/09/2035, <br>5.46% <sup>(B)</sup>, 05/09/2036<br>| 4869000 | 4982118 |
| &nbsp;&nbsp;&nbsp; Fixed until 09/15/2028, <br>5.82% <sup>(B)</sup>, 09/15/2029<br>| 9016000 | 9366656 |
| Bank of New York Mellon Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/21/2034, <br>5.61% <sup>(B)</sup>, 07/21/2039<br>| 1085000 | 1109375 |
| Barclays PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/12/2054, <br>6.04% <sup>(B)</sup>, 03/12/2055<br>| 968000 | 1004204 |
| &nbsp;&nbsp;&nbsp; Fixed until 11/02/2025, <br>7.33% <sup>(B)</sup>, 11/02/2026<br>| 3834000 | 3856879 |
| CaixaBank SA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/13/2033, <br>6.84% <sup>(B)</sup>, 09/13/2034 <sup>(A)</sup> <br>| 6634000 | 7293097 |
| Canadian Imperial Bank of Commerce |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/13/2030, <br>5.25% <sup>(B)</sup>, 01/13/2031<br>| 2971000 | 3037032 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Citigroup, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/25/2033, <br>6.17% <sup>(B)</sup>, 05/25/2034<br>| $1395000 | $1458838 |
| Goldman Sachs Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 10/21/2031, <br>2.65% <sup>(B)</sup>, 10/21/2032<br>| 4206000 | 3704691 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/28/2055, <br>5.73% <sup>(B)</sup>, 01/28/2056<br>| 2304000 | 2313685 |
| Intesa Sanpaolo SpA |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/21/2032, <br>8.25% <sup>(B)</sup>, 11/21/2033 <sup>(A)</sup> <br>| 3561000 | 4138318 |
| JPMorgan Chase & Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 04/22/2026, <br>1.58% <sup>(B)</sup>, 04/22/2027<br>| 3918000 | 3833696 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/23/2029, <br>5.01% <sup>(B)</sup>, 01/23/2030<br>| 7430000 | 7555270 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/23/2035, <br>5.58% <sup>(B)</sup>, 07/23/2036<br>| 3663000 | 3710454 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/22/2034, <br>5.77% <sup>(B)</sup>, 04/22/2035<br>| 1329000 | 1393831 |
| M&T Bank Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/08/2030, <br>5.18% <sup>(B)</sup>, 07/08/2031<br>| 2801000 | 2833062 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/16/2035, <br>5.39% <sup>(B)</sup>, 01/16/2036<br>| 1032000 | 1028253 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/30/2028, <br>7.41% <sup>(B)</sup>, 10/30/2029<br>| 1403000 | 1518551 |
| Morgan Stanley |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/19/2034, <br>5.32% <sup>(B)</sup>, 07/19/2035<br>| 2464000 | 2495012 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/18/2034, <br>5.47% <sup>(B)</sup>, 01/18/2035<br>| 1815000 | 1859234 |
| &nbsp;&nbsp;&nbsp; Fixed until 04/18/2029, <br>5.66% <sup>(B)</sup>, 04/18/2030<br>| 6931000 | 7182117 |
| NatWest Group PLC |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 03/01/2034, <br>5.78% <sup>(B)</sup>, 03/01/2035<br>| 3830000 | 3975679 |
| PNC Financial Services Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/21/2035, <br>5.37% <sup>(B)</sup>, 07/21/2036<br>| 1653000 | 1670130 |
| &nbsp;&nbsp;&nbsp; Fixed until 01/22/2034, <br>5.68% <sup>(B)</sup>, 01/22/2035<br>| 510000 | 529155 |
| &nbsp;&nbsp;&nbsp; Fixed until 08/18/2033, <br>5.94% <sup>(B)</sup>, 08/18/2034<br>| 3444000 | 3631479 |
| Truist Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/26/2033, <br>5.12% <sup>(B)</sup>, 01/26/2034<br>| 4673000 | 4674560 |
| &nbsp;&nbsp;&nbsp; Fixed until 10/30/2028, <br>7.16% <sup>(B)</sup>, 10/30/2029<br>| 1415000 | 1527401 |
| UBS Group AG |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 09/06/2044, <br>5.38% <sup>(B)</sup>, 09/06/2045 <sup>(A)</sup> <br>| 1592000 | 1536075 |
| &nbsp;&nbsp;&nbsp; Fixed until 08/12/2032, <br>6.54% <sup>(B)</sup>, 08/12/2033 <sup>(A)</sup> <br>| 2904000 | 3162239 |

---

**Transamerica Funds**

**Page 1**

------

**Transamerica Core Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Banks (continued)** | **Banks (continued)** | **Banks (continued)** |
| Wells Fargo & Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/24/2030, <br>5.24% <sup>(B)</sup>, 01/24/2031<br>| $3036000 | $3108302 |
| &nbsp;&nbsp;&nbsp; Fixed until 07/25/2033, <br>5.56% <sup>(B)</sup>, 07/25/2034<br>| 3281000 | 3385713 |
|  |  | 105309033 |
| **Beverages - 0.1%**  | **Beverages - 0.1%**  | **Beverages - 0.1%**  |
| Anheuser-Busch InBev Worldwide, Inc. |  |  |
| 4.44%, 10/06/2048 | 2669000 | 2256081 |
| **Biotechnology - 0.5%**  | **Biotechnology - 0.5%**  | **Biotechnology - 0.5%**  |
| Amgen, Inc. |  |  |
| 2.80%, 08/15/2041 | 1754000 | 1255948 |
| 5.60%, 03/02/2043 | 1781000 | 1759300 |
| CSL Finance PLC |  |  |
| 4.63%, 04/27/2042 <sup>(A)</sup> <br>| 1755000 | 1560271 |
| Gilead Sciences, Inc. |  |  |
| 5.10%, 06/15/2035 | 2852000 | 2872080 |
| Royalty Pharma PLC |  |  |
| 2.20%, 09/02/2030 | 1832000 | 1620274 |
|  |  | 9067873 |
| **Building Products - 0.4%**  | **Building Products - 0.4%**  | **Building Products - 0.4%**  |
| Amrize Finance U.S. LLC |  |  |
| 4.75%, 09/22/2046 <sup>(A)</sup> <br>| 799000 | 684538 |
| 5.40%, 04/07/2035 <sup>(A)</sup> <br>| 1849000 | 1865024 |
| Owens Corning |  |  |
| 4.30%, 07/15/2047 | 2665000 | 2145633 |
| Vulcan Materials Co. |  |  |
| 5.35%, 12/01/2034 | 2156000 | 2189075 |
|  |  | 6884270 |
| **Chemicals - 0.2%**  | **Chemicals - 0.2%**  | **Chemicals - 0.2%**  |
| Nutrien Ltd. |  |  |
| 4.90%, 03/27/2028 | 1903000 | 1923518 |
| OCP SA |  |  |
| 6.75%, 05/02/2034 <sup>(A)</sup> <br>| 2093000 | 2176869 |
|  |  | 4100387 |
| **Commercial Services & Supplies - 1.3%**  | **Commercial Services & Supplies - 1.3%**  | **Commercial Services & Supplies - 1.3%**  |
| ADT Security Corp. |  |  |
| 4.13%, 08/01/2029 <sup>(A)</sup> <br>| 1958000 | 1873081 |
| Ashtead Capital, Inc. |  |  |
| 5.55%, 05/30/2033 <sup>(A)</sup> <br>| 2700000 | 2728907 |
| Element Fleet Management Corp. |  |  |
| 5.04%, 03/25/2030 <sup>(A)</sup> <br>| 4663000 | 4703119 |
| Equifax, Inc. |  |  |
| 5.10%, 12/15/2027 | 1482000 | 1499311 |
| GXO Logistics, Inc. |  |  |
| 2.65%, 07/15/2031 | 6357000 | 5539830 |
| 6.50%, 05/06/2034 | 1701000 | 1785099 |
| Quanta Services, Inc. |  |  |
| 2.90%, 10/01/2030 | 2647000 | 2433197 |
| 5.25%, 08/09/2034 | 629000 | 635607 |
| Veralto Corp. |  |  |
| 5.45%, 09/18/2033 | 1710000 | 1755670 |
|  |  | 22953821 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Communications Equipment - 0.9%**  | **Communications Equipment - 0.9%**  | **Communications Equipment - 0.9%**  |
| America Movil SAB de CV |  |  |
| 4.38%, 07/16/2042 | $2100000 | $1776246 |
| NTT Finance Corp. |  |  |
| 4.62%, 07/16/2028 <sup>(A)</sup> <br>| 2043000 | 2047313 |
| T-Mobile USA, Inc. |  |  |
| 3.50%, 04/15/2031 | 2683000 | 2515166 |
| 3.88%, 04/15/2030 | 2406000 | 2331975 |
| 5.15%, 04/15/2034 | 1610000 | 1619798 |
| Verizon Communications, Inc. |  |  |
| 1.68%, 10/30/2030 | 1937000 | 1677109 |
| 2.99%, 10/30/2056 | 4629000 | 2775993 |
|  |  | 14743600 |
| **Construction & Engineering - 0.1%**  | **Construction & Engineering - 0.1%**  | **Construction & Engineering - 0.1%**  |
| Sitios Latinoamerica SAB de CV |  |  |
| 6.00%, 11/25/2029 <sup>(A)</sup> <br>| 2021000 | 2069100 |
| **Consumer Staples Distribution & Retail - 0.4%**  | **Consumer Staples Distribution & Retail - 0.4%**  | **Consumer Staples Distribution & Retail - 0.4%**  |
| 7-Eleven, Inc. |  |  |
| 1.80%, 02/10/2031 <sup>(A)</sup> <br>| 3054000 | 2596863 |
| Lowe's Cos., Inc. |  |  |
| 3.75%, 04/01/2032 | 3993000 | 3750135 |
|  |  | 6346998 |
| **Distributors - 0.1%**  | **Distributors - 0.1%**  | **Distributors - 0.1%**  |
| LKQ Corp. |  |  |
| 6.25%, 06/15/2033 | 1751000 | 1829999 |
| **Diversified REITs - 1.2%**  | **Diversified REITs - 1.2%**  | **Diversified REITs - 1.2%**  |
| American Tower Trust #1 |  |  |
| 3.65%, 03/15/2048 <sup>(A)</sup> <br>| 2395000 | 2327140 |
| Safehold GL Holdings LLC |  |  |
| 6.10%, 04/01/2034 | 2189000 | 2284895 |
| SBA Tower Trust |  |  |
| 1.63%, 05/15/2051 <sup>(A)</sup> <br>| 5961000 | 5738280 |
| 1.88%, 07/15/2050 <sup>(A)</sup> <br>| 1044000 | 1029991 |
| VICI Properties LP |  |  |
| 4.95%, 02/15/2030 | 4298000 | 4316174 |
| Weyerhaeuser Co. |  |  |
| 4.00%, 04/15/2030 | 3034000 | 2954673 |
| WP Carey, Inc. |  |  |
| 5.38%, 06/30/2034 | 2367000 | 2379338 |
|  |  | 21030491 |
| **Electric Utilities - 1.1%**  | **Electric Utilities - 1.1%**  | **Electric Utilities - 1.1%**  |
| Chile Electricity Lux MPC II SARL |  |  |
| 5.58%, 10/20/2035 <sup>(A)</sup> <br>| 3244339 | 3276782 |
| Cleveland Electric Illuminating Co. |  |  |
| 5.95%, 12/15/2036 | 436000 | 449197 |
| CMS Energy Corp. |  |  |
| 4.88%, 03/01/2044 | 694000 | 612420 |
| DTE Electric Co. |  |  |
| 4.30%, 07/01/2044 | 5187000 | 4352789 |
| Duke Energy Corp. |  |  |
| 3.75%, 09/01/2046 | 4164000 | 3081556 |
| Duke Energy Progress LLC |  |  |
| 3.60%, 09/15/2047 | 1939000 | 1418244 |

---

**Transamerica Funds**

**Page 2**

------

**Transamerica Core Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Electric Utilities (continued)** | **Electric Utilities (continued)** | **Electric Utilities (continued)** |
| NRG Energy, Inc. |  |  |
| 6.00%, 02/01/2033 <sup>(A)</sup> <br>| $641000 | $642739 |
| Oncor Electric Delivery Co. LLC |  |  |
| 5.30%, 06/01/2042 | 502000 | 482151 |
| Pacific Gas & Electric Co. |  |  |
| 2.50%, 02/01/2031 | 2121000 | 1851742 |
| Vistra Operations Co. LLC |  |  |
| 6.88%, 04/15/2032 <sup>(A)</sup> <br>| 2225000 | 2311880 |
|  |  | 18479500 |
| **Electronic Equipment, Instruments & Components - 0.6%**  | **Electronic Equipment, Instruments & Components - 0.6%**  | **Electronic Equipment, Instruments & Components - 0.6%**  |
| Arrow Electronics, Inc. |  |  |
| 5.88%, 04/10/2034 | 1923000 | 1977471 |
| Keysight Technologies, Inc. |  |  |
| 4.60%, 04/06/2027 | 1461000 | 1462630 |
| 4.95%, 10/15/2034 | 1211000 | 1190296 |
| Sensata Technologies, Inc. |  |  |
| 4.38%, 02/15/2030 <sup>(A)</sup> <br>| 1965000 | 1880315 |
| Tyco Electronics Group SA |  |  |
| 5.00%, 05/09/2035 | 3353000 | 3355619 |
|  |  | 9866331 |
| **Energy Equipment & Services - 0.2%**  | **Energy Equipment & Services - 0.2%**  | **Energy Equipment & Services - 0.2%**  |
| Schlumberger Holdings Corp. |  |  |
| 3.90%, 05/17/2028 <sup>(A)</sup> <br>| 2857000 | 2824720 |
| **Financial Services - 1.1%**  | **Financial Services - 1.1%**  | **Financial Services - 1.1%**  |
| AerCap Ireland Capital DAC/AerCap <br> Global Aviation Trust |  |  |
| 4.45%, 04/03/2026 | 3092000 | 3085682 |
| 4.95%, 09/10/2034 | 1115000 | 1087442 |
| Ally Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 05/15/2028, <br>5.74% <sup>(B)</sup>, 05/15/2029<br>| 786000 | 800500 |
| American Express Co. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 04/25/2029, <br>5.53% <sup>(B)</sup>, 04/25/2030<br>| 2793000 | 2896694 |
| Aviation Capital Group LLC |  |  |
| 1.95%, 01/30/2026 <sup>(A)</sup> <br>| 1638000 | 1615061 |
| Avolon Holdings Funding Ltd. |  |  |
| 5.75%, 11/15/2029 <sup>(A)</sup> <br>| 4309000 | 4435829 |
| Capital One Financial Corp. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 01/30/2035, <br>6.18% <sup>(B)</sup>, 01/30/2036<br>| 944000 | 969117 |
| Citadel LP |  |  |
| 6.00%, 01/23/2030 <sup>(A)</sup> <br>| 747000 | 769743 |
| LPL Holdings, Inc. |  |  |
| 5.70%, 05/20/2027 | 1474000 | 1498151 |
| Rocket Cos., Inc. |  |  |
| 6.13%, 08/01/2030 <sup>(A)</sup> <br>| 2120000 | 2149579 |
|  |  | 19307798 |
| **Food Products - 2.0%**  | **Food Products - 2.0%**  | **Food Products - 2.0%**  |
| Albertsons Cos., Inc./Safeway, Inc./New <br> Albertsons LP |  |  |
| 6.25%, 03/15/2033 <sup>(A)</sup> <br>| 416000 | 424019 |
| BAT Capital Corp. |  |  |
| 5.63%, 08/15/2035 | 3988000 | 4050815 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Food Products (continued)** | **Food Products (continued)** | **Food Products (continued)** |
| Bunge Ltd. Finance Corp. |  |  |
| 4.65%, 09/17/2034 | $3323000 | $3207521 |
| 5.15%, 08/04/2035 <sup>(C)</sup> <br>| 4075000 | 4061784 |
| Cargill, Inc. |  |  |
| 5.13%, 02/11/2035 <sup>(A)</sup> <br>| 2503000 | 2518367 |
| Conagra Brands, Inc. |  |  |
| 5.00%, 08/01/2030 | 2146000 | 2149789 |
| Imperial Brands Finance PLC |  |  |
| 5.63%, 07/01/2035 <sup>(A)</sup> <br>| 3370000 | 3373071 |
| J.M. Smucker Co. |  |  |
| 6.50%, 11/15/2043 | 1464000 | 1557021 |
| &nbsp;&nbsp; JBS USA Holding LUX SARL/JBS USA <br> Foods Group Holdings, Inc./JBS USA <br>Food Co. |  |  |
| 5.50%, 01/15/2036 <sup>(A)</sup> <br>| 4216000 | 4198841 |
| Kroger Co. |  |  |
| 5.00%, 09/15/2034 | 1802000 | 1782541 |
| Philip Morris International, Inc. |  |  |
| 4.90%, 11/01/2034 | 3306000 | 3262420 |
| 5.63%, 11/17/2029 | 2482000 | 2590044 |
| Sysco Corp. |  |  |
| 5.40%, 03/23/2035 | 1773000 | 1797995 |
|  |  | 34974228 |
| **Gas Utilities - 0.3%**  | **Gas Utilities - 0.3%**  | **Gas Utilities - 0.3%**  |
| Venture Global Plaquemines LNG LLC |  |  |
| 7.75%, 05/01/2035 <sup>(A)</sup> <br>| 4089000 | 4483453 |
| **Health Care Equipment & Supplies - 0.2%**  | **Health Care Equipment & Supplies - 0.2%**  | **Health Care Equipment & Supplies - 0.2%**  |
| Alcon Finance Corp. |  |  |
| 5.75%, 12/06/2052 <sup>(A)</sup> <br>| 871000 | 869406 |
| GE HealthCare Technologies, Inc. |  |  |
| 4.80%, 08/14/2029 | 1527000 | 1544453 |
| 5.50%, 06/15/2035 | 1566000 | 1598493 |
|  |  | 4012352 |
| **Health Care Providers & Services - 0.9%**  | **Health Care Providers & Services - 0.9%**  | **Health Care Providers & Services - 0.9%**  |
| Centene Corp. |  |  |
| 3.38%, 02/15/2030 | 2033000 | 1830409 |
| Cigna Group |  |  |
| 2.40%, 03/15/2030 | 1671000 | 1521480 |
| HCA, Inc. |  |  |
| 5.60%, 04/01/2034 | 2345000 | 2389804 |
| 6.00%, 04/01/2054 | 2334000 | 2266361 |
| Health Care Service Corp. A Mutual Legal <br> Reserve Co. |  |  |
| 5.88%, 06/15/2054 <sup>(A)</sup> <br>| 1100000 | 1057972 |
| Laboratory Corp. of America Holdings |  |  |
| 4.80%, 10/01/2034 | 3234000 | 3145748 |
| UnitedHealth Group, Inc. |  |  |
| 5.15%, 07/15/2034 | 1920000 | 1925534 |
| 5.20%, 04/15/2063 | 2332000 | 2032832 |
|  |  | 16170140 |
| **Hotels, Restaurants & Leisure - 0.5%**  | **Hotels, Restaurants & Leisure - 0.5%**  | **Hotels, Restaurants & Leisure - 0.5%**  |
| Carnival Corp. |  |  |
| 5.75%, 08/01/2032 <sup>(A)</sup> <br>| 1414000 | 1423573 |
| 6.13%, 02/15/2033 <sup>(A)</sup> <br>| 1946000 | 1980524 |

---

**Transamerica Funds**

**Page 3**

------

**Transamerica Core Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** | **Hotels, Restaurants & Leisure (continued)** |
| Hyatt Hotels Corp. |  |  |
| 5.25%, 06/30/2029 | $2285000 | $2324929 |
| MGM Resorts International |  |  |
| 6.13%, 09/15/2029 | 3144000 | 3187098 |
|  |  | 8916124 |
| **Household Durables - 0.1%**  | **Household Durables - 0.1%**  | **Household Durables - 0.1%**  |
| Whirlpool Corp. |  |  |
| 6.13%, 06/15/2030 | 1031000 | 1028542 |
| **Insurance - 2.2%**  | **Insurance - 2.2%**  | **Insurance - 2.2%**  |
| Allstate Corp. |  |  |
| 5.05%, 06/24/2029 | 4683000 | 4774991 |
| 5.25%, 03/30/2033 | 1484000 | 1515960 |
| American International Group, Inc. |  |  |
| 5.45%, 05/07/2035 | 1278000 | 1305716 |
| Aon North America, Inc. |  |  |
| 5.45%, 03/01/2034 | 1892000 | 1935340 |
| 5.75%, 03/01/2054 | 2570000 | 2503450 |
| Brown & Brown, Inc. |  |  |
| 5.25%, 06/23/2032 | 874000 | 884025 |
| 5.55%, 06/23/2035 | 3372000 | 3408727 |
| Constellation Insurance, Inc. |  |  |
| 6.80%, 01/24/2030 <sup>(A)</sup> <br>| 7344000 | 7243416 |
| Corebridge Financial, Inc. |  |  |
| 5.75%, 01/15/2034 | 1697000 | 1761286 |
| Fortitude Group Holdings LLC |  |  |
| 6.25%, 04/01/2030 <sup>(A)</sup> <br>| 1254000 | 1285668 |
| Markel Group, Inc. |  |  |
| 5.00%, 05/20/2049 | 457000 | 396660 |
| 6.00%, 05/16/2054 | 1732000 | 1724584 |
| Muenchener Rueckversicherungs-<br> Gesellschaft AG |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 11/23/2031, <br>5.88% <sup>(B)</sup>, 05/23/2042 <sup>(A)</sup> <br>| 2000000 | 2045000 |
| Prudential Financial, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Fixed until 07/01/2030, <br>3.70% <sup>(B)</sup>, 10/01/2050<br>| 3601000 | 3287505 |
| RenaissanceRe Holdings Ltd. |  |  |
| 5.80%, 04/01/2035 | 671000 | 689626 |
| RGA Global Funding |  |  |
| 5.05%, 12/06/2031 <sup>(A)</sup> <br>| 4215000 | 4232032 |
|  |  | 38993986 |
| **Internet & Catalog Retail - 0.5%**  | **Internet & Catalog Retail - 0.5%**  | **Internet & Catalog Retail - 0.5%**  |
| Expedia Group, Inc. |  |  |
| 5.40%, 02/15/2035 | 3447000 | 3471408 |
| Meta Platforms, Inc. |  |  |
| 4.80%, 05/15/2030 | 2870000 | 2940502 |
| Uber Technologies, Inc. |  |  |
| 4.80%, 09/15/2034 | 1356000 | 1331901 |
|  |  | 7743811 |
| **IT Services - 0.4%**  | **IT Services - 0.4%**  | **IT Services - 0.4%**  |
| Crowdstrike Holdings, Inc. |  |  |
| 3.00%, 02/15/2029 | 570000 | 533473 |
| Dell International LLC/EMC Corp. |  |  |
| 4.85%, 02/01/2035 | 3521000 | 3402323 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **IT Services (continued)** | **IT Services (continued)** | **IT Services (continued)** |
| Hewlett Packard Enterprise Co. |  |  |
| 5.00%, 10/15/2034 | $3582000 | $3474888 |
|  |  | 7410684 |
| **Machinery - 0.5%**  | **Machinery - 0.5%**  | **Machinery - 0.5%**  |
| Eaton Capital ULC |  |  |
| 4.45%, 05/09/2030 | 1379000 | 1378208 |
| Huntington Ingalls Industries, Inc. |  |  |
| 2.04%, 08/16/2028 | 5383000 | 4990472 |
| Ingersoll Rand, Inc. |  |  |
| 5.45%, 06/15/2034 | 2200000 | 2260821 |
|  |  | 8629501 |
| **Media - 0.2%**  | **Media - 0.2%**  | **Media - 0.2%**  |
| &nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter Communications <br>Operating Capital |  |  |
| 4.80%, 03/01/2050 | 2295000 | 1779508 |
| Comcast Corp. |  |  |
| 2.94%, 11/01/2056 | 1032000 | 596203 |
| NBCUniversal Media LLC |  |  |
| 4.45%, 01/15/2043 | 2137000 | 1821474 |
|  |  | 4197185 |
| **Metals & Mining - 0.5%**  | **Metals & Mining - 0.5%**  | **Metals & Mining - 0.5%**  |
| Anglo American Capital PLC |  |  |
| 4.50%, 03/15/2028 <sup>(A)</sup> <br>| 3182000 | 3170360 |
| ArcelorMittal SA |  |  |
| 6.55%, 11/29/2027 | 3782000 | 3931345 |
| Glencore Funding LLC |  |  |
| 2.63%, 09/23/2031 <sup>(A)</sup> <br>| 2582000 | 2272060 |
|  |  | 9373765 |
| **Mortgage Real Estate Investment Trusts - 0.1%**  | **Mortgage Real Estate Investment Trusts - 0.1%**  | **Mortgage Real Estate Investment Trusts - 0.1%**  |
| Starwood Property Trust, Inc. |  |  |
| 6.00%, 04/15/2030 <sup>(A)</sup> <br>| 1423000 | 1436971 |
| **Office REITs - 0.1%**  | **Office REITs - 0.1%**  | **Office REITs - 0.1%**  |
| COPT Defense Properties LP |  |  |
| 2.00%, 01/15/2029 | 585000 | 534154 |
| 2.25%, 03/15/2026 | 769000 | 755580 |
|  |  | 1289734 |
| **Oil, Gas & Consumable Fuels - 2.6%**  | **Oil, Gas & Consumable Fuels - 2.6%**  | **Oil, Gas & Consumable Fuels - 2.6%**  |
| Boardwalk Pipelines LP |  |  |
| 3.40%, 02/15/2031 | 1991000 | 1839231 |
| Cheniere Energy Partners LP |  |  |
| 5.95%, 06/30/2033 | 4010000 | 4185761 |
| Chevron USA, Inc. |  |  |
| 3.25%, 10/15/2029 | 1852000 | 1780772 |
| Diamondback Energy, Inc. |  |  |
| 5.40%, 04/18/2034 | 3192000 | 3199555 |
| Ecopetrol SA |  |  |
| 7.75%, 02/01/2032 | 1496000 | 1489679 |
| Enbridge, Inc. |  |  |
| 4.90%, 06/20/2030 <sup>(D)</sup> <br>| 1907000 | 1923734 |
| 5.63%, 04/05/2034 | 3190000 | 3264410 |

---

**Transamerica Funds**

**Page 4**

------

**Transamerica Core Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** | **Oil, Gas & Consumable Fuels (continued)** |
| Energy Transfer LP |  |  |
| 5.15%, 03/15/2045 | $1064000 | $931584 |
| 5.55%, 02/15/2028 | 857000 | 878175 |
| 5.95%, 10/01/2043 | 824000 | 794937 |
| EQT Corp. |  |  |
| 6.38%, 04/01/2029 <sup>(A)</sup> <br>| 1216000 | 1251948 |
| Greensaif Pipelines Bidco SARL |  |  |
| 5.85%, 02/23/2036 <sup>(A)</sup> <br>| 1972000 | 2018383 |
| Gulfstream Natural Gas System LLC |  |  |
| 5.60%, 07/23/2035 <sup>(A)</sup> <br>| 1518000 | 1526694 |
| Hess Midstream Operations LP |  |  |
| 6.50%, 06/01/2029 <sup>(A)</sup> <br>| 1923000 | 1980884 |
| Occidental Petroleum Corp. |  |  |
| 5.20%, 08/01/2029 | 1484000 | 1487610 |
| ONEOK, Inc. |  |  |
| 6.10%, 11/15/2032 | 3739000 | 3953132 |
| Petroleos Mexicanos |  |  |
| 6.84%, 01/23/2030 | 3109000 | 3059438 |
| 6.88%, 08/04/2026 <sup>(D)</sup> <br>| 1410000 | 1415663 |
| 7.69%, 01/23/2050 | 641000 | 543416 |
| Sabine Pass Liquefaction LLC |  |  |
| 4.20%, 03/15/2028 | 1840000 | 1825202 |
| Shell Finance U.S., Inc. |  |  |
| 3.75%, 09/12/2046 | 1821000 | 1390098 |
| Shell International Finance BV |  |  |
| 2.50%, 09/12/2026 | 1988000 | 1951041 |
| Western Midstream Operating LP |  |  |
| 6.15%, 04/01/2033 | 2637000 | 2750509 |
| Williams Cos., Inc. |  |  |
| 5.40%, 03/04/2044 | 698000 | 654058 |
|  |  | 46095914 |
| **Paper & Forest Products - 0.1%**  | **Paper & Forest Products - 0.1%**  | **Paper & Forest Products - 0.1%**  |
| Georgia-Pacific LLC |  |  |
| 4.95%, 06/30/2032 <sup>(A)</sup> <br>| 1697000 | 1708605 |
| **Passenger Airlines - 0.1%**  | **Passenger Airlines - 0.1%**  | **Passenger Airlines - 0.1%**  |
| American Airlines Pass-Through Trust |  |  |
| 3.20%, 12/15/2029 | 136 | 130 |
| United Airlines Pass-Through Trust |  |  |
| 3.75%, 03/03/2028 | 1943394 | 1920646 |
|  |  | 1920776 |
| **Personal Care Products - 0.2%**  | **Personal Care Products - 0.2%**  | **Personal Care Products - 0.2%**  |
| Kenvue, Inc. |  |  |
| 5.00%, 03/22/2030 | 3143000 | 3220356 |
| **Pharmaceuticals - 1.3%**  | **Pharmaceuticals - 1.3%**  | **Pharmaceuticals - 1.3%**  |
| Bayer U.S. Finance II LLC |  |  |
| 4.38%, 12/15/2028 <sup>(A)</sup> <br>| 2554000 | 2523068 |
| Bristol-Myers Squibb Co. |  |  |
| 5.65%, 02/22/2064 | 1129000 | 1090531 |
| Cardinal Health, Inc. |  |  |
| 5.45%, 02/15/2034 | 1855000 | 1898147 |
| CVS Health Corp. |  |  |
| 5.25%, 01/30/2031 | 1186000 | 1207209 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** | **Pharmaceuticals (continued)** |
| CVS Health Corp. (continued) |  |  |
| 6.00%, 06/01/2044 | $2614000 | $2574609 |
| &nbsp;&nbsp;&nbsp; Fixed until 12/10/2029, <br>7.00% <sup>(B)</sup>, 03/10/2055<br>| 3638000 | 3742920 |
| Merck & Co., Inc. |  |  |
| 5.00%, 05/17/2053 | 1087000 | 988596 |
| Pfizer Investment Enterprises Pte. Ltd. |  |  |
| 5.11%, 05/19/2043 | 2808000 | 2658291 |
| Takeda U.S. Financing, Inc. |  |  |
| 5.20%, 07/07/2035 | 3555000 | 3541664 |
| Viatris, Inc. |  |  |
| 2.30%, 06/22/2027 | 2493000 | 2372517 |
|  |  | 22597552 |
| **Residential REITs - 0.2%**  | **Residential REITs - 0.2%**  | **Residential REITs - 0.2%**  |
| American Homes 4 Rent LP |  |  |
| 5.50%, 02/01/2034 | 2961000 | 3010159 |
| **Retail REITs - 0.2%**  | **Retail REITs - 0.2%**  | **Retail REITs - 0.2%**  |
| NNN REIT, Inc. |  |  |
| 4.60%, 02/15/2031 | 4044000 | 4002877 |
| **Semiconductors & Semiconductor Equipment - 1.5%**  | **Semiconductors & Semiconductor Equipment - 1.5%**  | **Semiconductors & Semiconductor Equipment - 1.5%**  |
| Advanced Micro Devices, Inc. |  |  |
| 3.92%, 06/01/2032 | 2289000 | 2206697 |
| Broadcom, Inc. |  |  |
| 3.14%, 11/15/2035 <sup>(A)</sup> <br>| 3062000 | 2570161 |
| Foundry JV Holdco LLC |  |  |
| 5.88%, 01/25/2034 <sup>(A)</sup> <br>| 2528000 | 2552590 |
| 5.90%, 01/25/2033 <sup>(A)</sup> <br>| 2594000 | 2665662 |
| Kioxia Holdings Corp. |  |  |
| 6.25%, 07/24/2030 <sup>(A)</sup> <br>| 4949000 | 4930663 |
| KLA Corp. |  |  |
| 3.30%, 03/01/2050 | 2277000 | 1576669 |
| Microchip Technology, Inc. |  |  |
| 5.05%, 03/15/2029 | 2816000 | 2847812 |
| Micron Technology, Inc. |  |  |
| 5.30%, 01/15/2031 | 3014000 | 3076053 |
| NXP BV/NXP Funding LLC/NXP USA, Inc. |  |  |
| 3.25%, 11/30/2051 | 1240000 | 798159 |
| 3.40%, 05/01/2030 | 1216000 | 1150113 |
| QUALCOMM, Inc. |  |  |
| 3.25%, 05/20/2050 | 1824000 | 1247951 |
|  |  | 25622530 |
| **Software - 1.1%**  | **Software - 1.1%**  | **Software - 1.1%**  |
| AppLovin Corp. |  |  |
| 5.50%, 12/01/2034 | 2593000 | 2622762 |
| Cadence Design Systems, Inc. |  |  |
| 4.70%, 09/10/2034 | 1750000 | 1723279 |
| Fair Isaac Corp. |  |  |
| 6.00%, 05/15/2033 <sup>(A)</sup> <br>| 1071000 | 1076029 |
| Fiserv, Inc. |  |  |
| 5.45%, 03/02/2028 | 2134000 | 2181083 |
| Intuit, Inc. |  |  |
| 5.50%, 09/15/2053 | 1146000 | 1134691 |

---

**Transamerica Funds**

**Page 5**

------

**Transamerica Core Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** | **CORPORATE DEBT SECURITIES (continued)** |
| **Software (continued)** | **Software (continued)** | **Software (continued)** |
| Oracle Corp. |  |  |
| 3.65%, 03/25/2041 | $2168000 | $1694980 |
| 6.90%, 11/09/2052 | 2702000 | 2963926 |
| Roper Technologies, Inc. |  |  |
| 4.90%, 10/15/2034 | 2531000 | 2485541 |
| Synopsys, Inc. |  |  |
| 5.15%, 04/01/2035 | 1688000 | 1693992 |
| 5.70%, 04/01/2055 | 1209000 | 1192175 |
|  |  | 18768458 |
| **Specialized REITs - 0.2%**  | **Specialized REITs - 0.2%**  | **Specialized REITs - 0.2%**  |
| Extra Space Storage LP |  |  |
| 5.40%, 06/15/2035 | 3468000 | 3475611 |
| **Transportation Infrastructure - 0.6%**  | **Transportation Infrastructure - 0.6%**  | **Transportation Infrastructure - 0.6%**  |
| Avolon Holdings Funding Ltd. |  |  |
| 4.90%, 10/10/2030 <sup>(A)</sup> <br>| 3563000 | 3549777 |
| Canadian Pacific Railway Co. |  |  |
| 2.45%, 12/02/2031 | 5648000 | 4940183 |
| United Parcel Service, Inc. |  |  |
| 5.25%, 05/14/2035 | 1778000 | 1807029 |
|  |  | 10296989 |
| &nbsp;&nbsp; **Total Corporate Debt Securities** <br>**(Cost $570,847,665)**<br>|  | 574133478 |
| **U.S. GOVERNMENT OBLIGATIONS - 30.9%**  | **U.S. GOVERNMENT OBLIGATIONS - 30.9%**  | **U.S. GOVERNMENT OBLIGATIONS - 30.9%**  |
| **U.S. Treasury - 28.8%**  | **U.S. Treasury - 28.8%**  | **U.S. Treasury - 28.8%**  |
| U.S. Treasury Bonds |  |  |
| 1.25%, 05/15/2050 | 7666300 | 3634006 |
| 1.38%, 11/15/2040 | 22537700 | 14277105 |
| 1.88%, 11/15/2051 | 5138000 | 2814661 |
| 2.00%, 02/15/2050 | 8520000 | 4937939 |
| 2.25%, 08/15/2046 - 02/15/2052 | 7473000 | 4656788 |
| 2.38%, 05/15/2051 | 3830000 | 2393600 |
| 2.50%, 02/15/2045 - 05/15/2046 | 23894600 | 16427053 |
| 2.75%, 08/15/2047 - 11/15/2047 | 16156000 | 11357908 |
| 2.88%, 08/15/2045 - 05/15/2049 | 8098500 | 5853789 |
| 3.00%, 08/15/2048 - 08/15/2052 | 20288400 | 14584239 |
| 3.13%, 05/15/2048 | 6559000 | 4916175 |
| 3.50%, 02/15/2039 | 3774000 | 3375224 |
| 3.63%, 02/15/2044 - 05/15/2053 | 11446500 | 9346496 |
| 4.00%, 11/15/2052 | 5195000 | 4477644 |
| 4.13%, 08/15/2053 | 4593000 | 4042737 |
| 4.25%, 05/15/2039 - 08/15/2054 | 14130600 | 13214635 |
| 4.50%, 11/15/2054 | 4260000 | 3996412 |
| 4.63%, 05/15/2044 - 02/15/2055 | 21980000 | 21157593 |
| 4.75%, 02/15/2045 - 05/15/2055 | 14396800 | 14092772 |
| 5.00%, 05/15/2045 | 4408000 | 4472742 |
| 5.25%, 02/15/2029 | 4300100 | 4501499 |
| U.S. Treasury Notes |  |  |
| 0.63%, 05/15/2030 - 08/15/2030 | 40771000 | 34720473 |
| 1.13%, 10/31/2026 | 4554000 | 4389629 |
| 1.25%, 11/30/2026 - 08/15/2031 | 22114000 | 19746805 |
| 1.50%, 08/15/2026 - 02/15/2030 | 20071700 | 18890837 |
| 1.63%, 05/15/2031 | 7182900 | 6295419 |
| 1.88%, 02/15/2032 | 10587000 | 9236744 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **U.S. GOVERNMENT OBLIGATIONS (continued)** | **U.S. GOVERNMENT OBLIGATIONS (continued)** | **U.S. GOVERNMENT OBLIGATIONS (continued)** |
| **U.S. Treasury (continued)** | **U.S. Treasury (continued)** | **U.S. Treasury (continued)** |
| U.S. Treasury Notes (continued) |  |  |
| 2.63%, 02/15/2029 | $8833400 | $8465572 |
| 2.75%, 08/15/2032 | 10617000 | 9717458 |
| 2.88%, 05/15/2032 | 11330000 | 10492200 |
| 3.50%, 01/31/2028 | 5089000 | 5041092 |
| 3.75%, 12/31/2030 - 08/31/2031 | 15773000 | 15535587 |
| 3.88%, 11/30/2027 - 08/15/2034 | 16022100 | 15879996 |
| 4.00%, 01/15/2027 - 05/31/2030 | 49705400 | 49767251 |
| 4.13%, 02/28/2027 - 11/15/2032 | 71844000 | 72040878 |
| 4.25%, 11/30/2026 - 05/15/2035 | 25724700 | 25604455 |
| 4.38%, 11/30/2028 | 13921000 | 14124377 |
| 4.50%, 05/31/2029 | 8825000 | 9005981 |
| 4.63%, 04/30/2029 - 02/15/2035 | 5939900 | 6080106 |
|  |  | 503565877 |
| **U.S. Treasury Inflation-Protected Securities - 2.1%**  | **U.S. Treasury Inflation-Protected Securities - 2.1%**  | **U.S. Treasury Inflation-Protected Securities - 2.1%**  |
| U.S. Treasury Inflation-Protected Indexed <br> Bonds |  |  |
| 1.75%, 01/15/2028 | 4781219 | 4834635 |
| 2.50%, 01/15/2029 | 22256479 | 23135952 |
| U.S. Treasury Inflation-Protected Indexed <br> Notes |  |  |
| 0.13%, 07/15/2030 | 8329716 | 7833414 |
|  |  | 35804001 |
| &nbsp;&nbsp; **Total U.S. Government Obligations** <br>**(Cost $564,499,235)**<br>|  | 539369878 |
| **U.S. GOVERNMENT AGENCY OBLIGATIONS - 24.5%**  | **U.S. GOVERNMENT AGENCY OBLIGATIONS - 24.5%**  | **U.S. GOVERNMENT AGENCY OBLIGATIONS - 24.5%**  |
| Federal Home Loan Mortgage Corp. |  |  |
| 5.00%, 12/01/2035 | 134956 | 136053 |
| 5.50%, 04/01/2053 - 07/01/2053 | 13406279 | 13364395 |
| 6.00%, 05/01/2031 | 76210 | 78995 |
| 6-Month RFUCC Treasury + 1.36%, |  |  |
| 5.98% <sup>(B)</sup>, 05/01/2037 | 7237 | 7274 |
| 6-Month RFUCC Treasury + 1.57%, |  |  |
| 6.14% <sup>(B)</sup>, 04/01/2037 | 9219 | 9305 |
| 6.32% <sup>(B)</sup>, 02/01/2037 | 1432 | 1434 |
| 1-Year RFUCC Treasury + 1.66%, |  |  |
| 6.46% <sup>(B)</sup>, 01/01/2038 | 39900 | 40868 |
| 1-Year RFUCC Treasury + 1.75%, |  |  |
| 6.60% <sup>(B)</sup>, 12/01/2034 | 4647 | 4766 |
| 1-Year RFUCC Treasury + 1.90%, |  |  |
| 6.78% <sup>(B)</sup>, 02/01/2041 | 8858 | 9087 |
| 6-Month RFUCC Treasury + 2.12%, |  |  |
| 6.86% <sup>(B)</sup>, 05/01/2037 | 3803 | 3803 |
| 1-Year RFUCC Treasury + 1.81%, |  |  |
| 7.38% <sup>(B)</sup>, 09/01/2037 | 6592 | 6784 |
| 1-Year RFUCC Treasury + 1.73%, |  |  |
| 7.48% <sup>(B)</sup>, 09/01/2035 | 97507 | 100172 |
| Federal National Mortgage Association |  |  |
| 3.50%, 07/01/2028 - 01/01/2029 | 334540 | 328436 |
| 4.50%, 08/01/2052 | 10355642 | 9841369 |
| 5.00%, 04/01/2039 - 02/01/2054 | 47522576 | 46568709 |
| 5.50%, 04/01/2036 - 03/01/2053 | 11653992 | 11653286 |
| 6.00%, 02/01/2034 - 06/01/2054 | 12202657 | 12394645 |
| 6.50%, 06/01/2038 - 05/01/2040 | 573342 | 606099 |

---

**Transamerica Funds**

**Page 6**

------

**Transamerica Core Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** | **U.S. GOVERNMENT AGENCY OBLIGATIONS (continued)** |
| &nbsp;&nbsp; Federal National Mortgage <br> Association (continued)<br>|  |  |
| 6-Month RFUCC Treasury + 0.95%, |  |  |
| 5.58% <sup>(B)</sup>, 08/01/2037 | $373 | $371 |
| 6-Month RFUCC Treasury + 1.52%, |  |  |
| 6.12% <sup>(B)</sup>, 01/01/2035 | 2156 | 2208 |
| 1-Year RFUCC Treasury + 1.75%, |  |  |
| 6.63% <sup>(B)</sup>, 03/01/2041 | 7886 | 8098 |
| 7.01% <sup>(B)</sup>, 08/01/2035 | 11350 | 11644 |
| &nbsp;&nbsp; Government National Mortgage <br> Association REMICS, Interest Only <br>STRIPS |  |  |
| 0.65% <sup>(B)</sup>, 02/16/2053 | 1883834 | 28097 |
| Tennessee Valley Authority |  |  |
| 5.88%, 04/01/2036 | 2768000 | 3034452 |
| Uniform Mortgage-Backed Security, TBA |  |  |
| 2.00%, 08/01/2039 - 08/01/2054 <sup>(C)</sup> <br>| 35697000 | 29005042 |
| 2.50%, 08/01/2039 - 08/01/2054 <sup>(C)</sup> <br>| 91853000 | 75874311 |
| 3.00%, 08/01/2039 - 08/01/2055 <sup>(C)</sup> <br>| 66199000 | 57106537 |
| 3.50%, 08/01/2039 - 08/01/2054 <sup>(C)</sup> <br>| 35255000 | 32035342 |
| 4.00%, 08/01/2054 <sup>(C)</sup> <br>| 35432000 | 32675574 |
| 4.50%, 08/01/2054 <sup>(C)</sup> <br>| 34302000 | 32535233 |
| 5.00%, 08/01/2054 <sup>(C)</sup> <br>| 14818000 | 14420843 |
| 5.50%, 08/01/2054 <sup>(C)</sup> <br>| 40400000 | 40186112 |
| 6.00%, 08/01/2054 <sup>(C)</sup> <br>| 16297000 | 16522254 |
| &nbsp;&nbsp; **Total U.S. Government Agency Obligations** <br>**(Cost $430,903,301)** | &nbsp;&nbsp; **Total U.S. Government Agency Obligations** <br>**(Cost $430,903,301)** | 428601598 |
| **MORTGAGE-BACKED SECURITIES - 5.2%**  | **MORTGAGE-BACKED SECURITIES - 5.2%**  | **MORTGAGE-BACKED SECURITIES - 5.2%**  |
| Alternative Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005-36, Class 2A1A, <br>1-Month Term SOFR + 0.73%, <br>5.09% <sup>(B)</sup>, 08/25/2035<br>| 223272 | 203002 |
| &nbsp;&nbsp;&nbsp; Series 2005-50CB, Class 1A1, <br>5.50% , 11/25/2035<br>| 335655 | 272979 |
| &nbsp;&nbsp;&nbsp; Series 2005-51, Class 3A3A, <br>1-Month Term SOFR + 0.75%, <br>4.53% <sup>(B)</sup>, 11/20/2035<br>| 273729 | 242451 |
| &nbsp;&nbsp;&nbsp; Series 2007-22, Class 2A16, <br>6.50% , 09/25/2037<br>| 4505687 | 1565137 |
| &nbsp;&nbsp;&nbsp; Series 2007-5CB, Class 1A31, <br>5.50% , 04/25/2037<br>| 648087 | 294420 |
| Bear Stearns Alt-A Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2004-11, Class 2A2, <br>5.61% <sup>(B)</sup>, 11/25/2034<br>| 20200 | 19409 |
| BRAVO Residential Funding Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM3, Class A1, <br>6.19% <sup>(B)</sup>, 03/25/2064 <sup>(A)</sup> <br>| 2647598 | 2665706 |
| CHL Mortgage Pass-Through Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2003-60, Class 1A1, <br>6.74% <sup>(B)</sup>, 02/25/2034<br>| 3775 | 3778 |
| &nbsp;&nbsp;&nbsp; Series 2005-3, Class 1A2, <br>1-Month Term SOFR + 0.69%, <br>5.05% <sup>(B)</sup>, 04/25/2035<br>| 47490 | 45042 |
| CIM Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-R6, Class A1, <br>1.43% <sup>(B)</sup>, 07/25/2061 <sup>(A)</sup> <br>| 3695258 | 3290369 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| Citigroup Mortgage Loan Trust, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014-A, Class A, <br>4.00% <sup>(B)</sup>, 01/25/2035 <sup>(A)</sup> <br>| $149688 | $145269 |
| &nbsp;&nbsp;&nbsp; Series 2015-PS1, Class A1, <br>3.75% <sup>(B)</sup>, 09/25/2042 <sup>(A)</sup> <br>| 115038 | 110575 |
| &nbsp;&nbsp;&nbsp; Series 2018-RP1, Class A1, <br>3.00% <sup>(B)</sup>, 09/25/2064 <sup>(A)</sup> <br>| 382775 | 375363 |
| COLT Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class A1, <br>6.13% <sup>(B)</sup>, 04/25/2069 <sup>(A)</sup> <br>| 2580346 | 2593846 |
| CSMC Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-RPL6, Class A1, <br>2.00% <sup>(B)</sup>, 10/25/2060 <sup>(A)</sup> <br>| 2934003 | 2634880 |
| GMACM Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005-AR1, Class 3A, <br>4.07% <sup>(B)</sup>, 03/18/2035<br>| 2275 | 2046 |
| Hudson Yards Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-SPRL, Class A, <br>5.47% <sup>(B)</sup>, 01/13/2040 <sup>(A)</sup> <br>| 3540000 | 3629001 |
| Impac CMB Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2004-6, Class 1A1, <br>1-Month Term SOFR + 0.91%, <br>5.27% <sup>(B)</sup>, 10/25/2034<br>| 1315 | 1309 |
| IndyMac INDX Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007-AR15, Class 2A1, <br>3.38% <sup>(B)</sup>, 08/25/2037<br>| 242640 | 170376 |
| JPMorgan Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2004-A1, Class 1A1, <br>5.39% <sup>(B)</sup>, 02/25/2034<br>| 10143 | 9315 |
| &nbsp;&nbsp;&nbsp; Series 2006-S3, Class 1A12, <br>6.50% , 08/25/2036<br>| 150014 | 45506 |
| Manhattan West Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1MW, Class A, <br>2.13% , 09/10/2039 <sup>(A)</sup> <br>| 3465000 | 3267127 |
| &nbsp;&nbsp;&nbsp; Series 2020-1MW, Class B, <br>2.34% <sup>(B)</sup>, 09/10/2039 <sup>(A)</sup> <br>| 5024000 | 4716071 |
| MASTR Adjustable Rate Mortgages Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007-R5, Class A1, <br>5.66% <sup>(B)</sup>, 11/25/2035 <sup>(A)</sup> <br>| 132894 | 55746 |
| Merrill Lynch Mortgage Investors Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2003-F, Class A1, <br>1-Month Term SOFR + 0.75%, <br>5.11% <sup>(B)</sup>, 10/25/2028<br>| 1620 | 1578 |
| &nbsp;&nbsp;&nbsp; Series 2004-A1, Class 2A1, <br>6.22% <sup>(B)</sup>, 02/25/2034<br>| 25647 | 24334 |
| &nbsp;&nbsp;&nbsp; Series 2005-A4, Class 2A2, <br>5.69% <sup>(B)</sup>, 07/25/2035<br>| 28680 | 25482 |
| Morgan Stanley Bank of America Merrill <br> Lynch Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013-C11, Class B, <br>4.08% <sup>(B)</sup>, 08/15/2046<br>| 1035000 | 688275 |
| Nationstar Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013-A, Class A, <br>3.75% <sup>(B)</sup>, 12/25/2052 <sup>(A)</sup> <br>| 530532 | 504553 |
| New Residential Mortgage Loan Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014-1A, Class A, <br>3.75% <sup>(B)</sup>, 01/25/2054 <sup>(A)</sup> <br>| 214681 | 207331 |
| &nbsp;&nbsp;&nbsp; Series 2014-2A, Class A3, <br>3.75% <sup>(B)</sup>, 05/25/2054 <sup>(A)</sup> <br>| 173663 | 165073 |
| &nbsp;&nbsp;&nbsp; Series 2014-3A, Class AFX3, <br>3.75% <sup>(B)</sup>, 11/25/2054 <sup>(A)</sup> <br>| 574214 | 549424 |

---

**Transamerica Funds**

**Page 7**

------

**Transamerica Core Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| &nbsp;&nbsp; New Residential Mortgage Loan <br> Trust (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2015-2A, Class A1, <br>3.75% <sup>(B)</sup>, 08/25/2055 <sup>(A)</sup> <br>| $698930 | $674801 |
| &nbsp;&nbsp;&nbsp; Series 2016-2A, Class A1, <br>3.75% <sup>(B)</sup>, 11/26/2035 <sup>(A)</sup> <br>| 615407 | 592788 |
| &nbsp;&nbsp;&nbsp; Series 2016-3A, Class A1B, <br>3.25% <sup>(B)</sup>, 09/25/2056 <sup>(A)</sup> <br>| 1300589 | 1223676 |
| &nbsp;&nbsp;&nbsp; Series 2017-1A, Class A1, <br>4.00% <sup>(B)</sup>, 02/25/2057 <sup>(A)</sup> <br>| 1096922 | 1060671 |
| &nbsp;&nbsp;&nbsp; Series 2017-2A, Class A3, <br>4.00% <sup>(B)</sup>, 03/25/2057 <sup>(A)</sup> <br>| 1272283 | 1226377 |
| &nbsp;&nbsp;&nbsp; Series 2017-3A, Class A1, <br>4.00% <sup>(B)</sup>, 04/25/2057 <sup>(A)</sup> <br>| 1767362 | 1706922 |
| &nbsp;&nbsp;&nbsp; Series 2017-4A, Class A1, <br>4.00% <sup>(B)</sup>, 05/25/2057 <sup>(A)</sup> <br>| 918099 | 879118 |
| &nbsp;&nbsp;&nbsp; Series 2018-1A, Class A1A, <br>4.00% <sup>(B)</sup>, 12/25/2057 <sup>(A)</sup> <br>| 544662 | 528360 |
| &nbsp;&nbsp;&nbsp; Series 2018-RPL1, Class A1, <br>3.50% <sup>(B)</sup>, 12/25/2057 <sup>(A)</sup> <br>| 4996308 | 4818405 |
| &nbsp;&nbsp;&nbsp; Series 2019-4A, Class A1B, <br>3.50% <sup>(B)</sup>, 12/25/2058 <sup>(A)</sup> <br>| 987558 | 918547 |
| &nbsp;&nbsp;&nbsp; Series 2019-5A, Class A1B, <br>3.50% <sup>(B)</sup>, 08/25/2059 <sup>(A)</sup> <br>| 884617 | 835587 |
| &nbsp;&nbsp;&nbsp; Series 2019-6A, Class A1B, <br>3.50% <sup>(B)</sup>, 09/25/2059 <sup>(A)</sup> <br>| 1321683 | 1243241 |
| OBX Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-NQM4, Class A1, <br>6.11% <sup>(B)</sup>, 03/25/2063 <sup>(A)</sup> <br>| 2665102 | 2666631 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM4, Class A1, <br>6.07% <sup>(B)</sup>, 01/25/2064 <sup>(A)</sup> <br>| 3215692 | 3233858 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM5, Class A1, <br>5.99% <sup>(B)</sup>, 01/25/2064 <sup>(A)</sup> <br>| 1197766 | 1202550 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM6, Class A1, <br>6.45% <sup>(B)</sup>, 02/25/2064 <sup>(A)</sup> <br>| 2094405 | 2114817 |
| &nbsp;&nbsp;&nbsp; Series 2024-NQM7, Class A1, <br>6.24% <sup>(B)</sup>, 03/25/2064 <sup>(A)</sup> <br>| 3580358 | 3606834 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A1, <br>5.60% <sup>(B)</sup>, 11/25/2064 <sup>(A)</sup> <br>| 2508889 | 2507597 |
| RALI Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007-QO4, Class A1A, <br>1-Month Term SOFR + 0.49%, <br>4.85% <sup>(B)</sup>, 05/25/2047<br>| 224432 | 204563 |
| Structured Adjustable Rate Mortgage Loan <br> Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005-15, Class 1A1, <br>4.30% <sup>(B)</sup>, 07/25/2035<br>| 170301 | 86356 |
| &nbsp;&nbsp;&nbsp; Series 2007-3, Class 3A1, <br>4.83% <sup>(B)</sup>, 04/25/2047<br>| 452560 | 169233 |
| Structured Asset Mortgage Investments II <br> Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2003-AR4, Class A1, <br>1-Month Term SOFR + 0.81%, <br>5.17% <sup>(B)</sup>, 01/19/2034<br>| 8712 | 8270 |
| Towd Point Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2017-4, Class A1, <br>2.75% <sup>(B)</sup>, 06/25/2057 <sup>(A)</sup> <br>| 586562 | 571285 |
| &nbsp;&nbsp;&nbsp; Series 2017-6, Class A1, <br>2.75% <sup>(B)</sup>, 10/25/2057 <sup>(A)</sup> <br>| 827291 | 809647 |
| &nbsp;&nbsp;&nbsp; Series 2018-1, Class A1, <br>3.00% <sup>(B)</sup>, 01/25/2058 <sup>(A)</sup> <br>| 780984 | 771241 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** | **MORTGAGE-BACKED SECURITIES (continued)** |
| Towd Point Mortgage Trust (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Series 2018-4, Class A1, <br>3.00% <sup>(B)</sup>, 06/25/2058 <sup>(A)</sup> <br>| $1787749 | $1684518 |
| &nbsp;&nbsp;&nbsp; Series 2019-1, Class A1, <br>3.75% <sup>(B)</sup>, 03/25/2058 <sup>(A)</sup> <br>| 4718583 | 4566434 |
| &nbsp;&nbsp;&nbsp; Series 2019-4, Class A1, <br>2.90% <sup>(B)</sup>, 10/25/2059 <sup>(A)</sup> <br>| 6450236 | 6164262 |
| &nbsp;&nbsp;&nbsp; Series 2020-4, Class A1, <br>1.75% , 10/25/2060 <sup>(A)</sup> <br>| 2085611 | 1882149 |
| &nbsp;&nbsp;&nbsp; Series 2021-1, Class A1, <br>2.25% <sup>(B)</sup>, 11/25/2061 <sup>(A)</sup> <br>| 2707336 | 2516350 |
| &nbsp;&nbsp;&nbsp; Series 2022-4, Class A1, <br>3.75% , 09/25/2062 <sup>(A)</sup> <br>| 4666882 | 4442558 |
| &nbsp;&nbsp;&nbsp; Series 2023-1, Class A1, <br>3.75% , 01/25/2063 <sup>(A)</sup> <br>| 6033541 | 5801080 |
| WaMu Mortgage Pass-Through Certificates <br> Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005-AR8, Class 2A1A, <br>1-Month Term SOFR + 0.69%, <br>5.05% <sup>(B)</sup>, 07/25/2045<br>| 14872 | 14582 |
| Wells Fargo Commercial Mortgage Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2015-C29, Class AS, <br>4.01% <sup>(B)</sup>, 06/15/2048<br>| 867528 | 865346 |
| &nbsp;&nbsp; **Total Mortgage-Backed Securities** <br>**(Cost $93,657,290)**<br>|  | 90123427 |
| **ASSET-BACKED SECURITIES - 3.8%**  | **ASSET-BACKED SECURITIES - 3.8%**  | **ASSET-BACKED SECURITIES - 3.8%**  |
| 321 Henderson Receivables VI LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2010-1A, Class A, <br>5.56%, 07/15/2059 <sup>(A)</sup> <br>| 1689124 | 1690873 |
| Accelerated LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1H, Class A, <br>1.35%, 10/20/2040 <sup>(A)</sup> <br>| 342364 | 317160 |
| Avis Budget Rental Car Funding <br> AESOP LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-7A, Class A, <br>5.90%, 08/21/2028 <sup>(A)</sup> <br>| 1935000 | 1977252 |
| BXG Receivables Note Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-A, Class A, <br>5.77%, 11/15/2038 <sup>(A)</sup> <br>| 3055849 | 3096284 |
| Chase Issuance Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-A1, Class A, <br>5.16%, 09/15/2028<br>| 5200000 | 5247491 |
| CIFC Funding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013-2A, Class A1L2, <br>3-Month Term SOFR + 1.26%, <br>5.59% <sup>(B)</sup>, 10/18/2030 <sup>(A)</sup> <br>| 2928415 | 2931065 |
| Diameter Capital CLO 1 Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A1R, <br>3-Month Term SOFR + 1.39%, <br>5.71% <sup>(B)</sup>, 10/15/2037 <sup>(A)</sup> <br>| 4000000 | 4018948 |
| First National Master Note Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-2, Class A, <br>5.77%, 09/15/2029<br>| 5315000 | 5392150 |
| Hilton Grand Vacations Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1B, Class A, <br>5.75%, 09/15/2039 <sup>(A)</sup> <br>| 1226488 | 1240577 |
| &nbsp;&nbsp;&nbsp; Series 2024-2A, Class A, <br>5.50%, 03/25/2038 <sup>(A)</sup> <br>| 1590131 | 1611016 |

---

**Transamerica Funds**

**Page 8**

------

**Transamerica Core Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** | **ASSET-BACKED SECURITIES (continued)** |
| HINNT LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-A, Class A, <br>5.49%, 03/15/2043 <sup>(A)</sup> <br>| $3188873 | $3225041 |
| ICG U.S. CLO Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; Series 2014-1A, Class A1A2, <br>3-Month Term SOFR + 1.46%, <br>5.79% <sup>(B)</sup>, 10/20/2034 <sup>(A)</sup> <br>| 7305000 | 7314898 |
| JG Wentworth XXI LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2010-2A, Class A, <br>4.07%, 01/15/2048 <sup>(A)</sup> <br>| 133889 | 132619 |
| JG Wentworth XXII LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2010-3A, Class A, <br>3.82%, 12/15/2048 <sup>(A)</sup> <br>| 174423 | 172298 |
| JGWPT XXVIII LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013-1A, Class A, <br>3.22%, 04/15/2067 <sup>(A)</sup> <br>| 722461 | 650687 |
| MVW LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-1A, Class A, <br>4.15%, 11/21/2039 <sup>(A)</sup> <br>| 2757015 | 2719568 |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A, <br>4.93%, 10/20/2040 <sup>(A)</sup> <br>| 2328407 | 2334445 |
| QTS Issuer ABS I LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, <br>5.44%, 05/25/2055 <sup>(A)</sup> <br>| 4335000 | 4356502 |
| RAAC Trust |  |  |
| &nbsp;&nbsp;&nbsp; Series 2007-RP4, Class A, <br>1-Month Term SOFR + 0.46%, <br>5.17% <sup>(B)</sup>, 11/25/2046 <sup>(A)</sup> <br>| 313084 | 286685 |
| SCF Equipment Trust LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A3, <br>5.11%, 11/21/2033 <sup>(A)</sup> <br>| 3800000 | 3866687 |
| Sierra Timeshare Receivables <br> Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class A, <br>0.99%, 11/20/2037 <sup>(A)</sup> <br>| 749320 | 737954 |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A, <br>5.20%, 01/20/2040 <sup>(A)</sup> <br>| 2206799 | 2214053 |
| &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A, <br>5.80%, 04/20/2040 <sup>(A)</sup> <br>| 1357517 | 1379770 |
| &nbsp;&nbsp;&nbsp; Series 2023-3A, Class A, <br>6.10%, 09/20/2040 <sup>(A)</sup> <br>| 2176332 | 2230770 |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A, <br>5.15%, 01/20/2043 <sup>(A)</sup> <br>| 3136832 | 3146875 |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A, <br>4.81%, 01/21/2042 <sup>(A)</sup> <br>| 1310555 | 1314598 |
| &nbsp;&nbsp;&nbsp; Series 2025-2A, Class A, <br>4.72%, 04/20/2044 <sup>(A)</sup> <br>| 1900000 | 1903822 |
| &nbsp;&nbsp; **Total Asset-Backed Securities** <br>**(Cost $64,923,897)** | &nbsp;&nbsp; **Total Asset-Backed Securities** <br>**(Cost $64,923,897)** | 65510088 |
| **FOREIGN GOVERNMENT OBLIGATIONS - 0.7%**  | **FOREIGN GOVERNMENT OBLIGATIONS - 0.7%**  | **FOREIGN GOVERNMENT OBLIGATIONS - 0.7%**  |
| **Colombia - 0.2%**  | **Colombia - 0.2%**  | **Colombia - 0.2%**  |
| Colombia Government International Bonds |  |  |
| 3.13%, 04/15/2031 | 3584000 | 3013284 |
| **Dominican Republic - 0.3%**  | **Dominican Republic - 0.3%**  | **Dominican Republic - 0.3%**  |
| Dominican Republic International Bonds |  |  |
| 6.60%, 06/01/2036 <sup>(A)</sup> <br>| 4856000 | 4926412 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** | **FOREIGN GOVERNMENT OBLIGATIONS (continued)** |
| **Mexico - 0.1%**  | **Mexico - 0.1%**  | **Mexico - 0.1%**  |
| Mexico Government International Bonds |  |  |
| 3.75%, 01/11/2028 | $2481000 | $2430139 |
| **Panama - 0.0% \*** | **Panama - 0.0% \*** | **Panama - 0.0% \*** |
| Panama Government International Bonds |  |  |
| 3.88%, 03/17/2028 | 735000 | 711568 |
| **Peru - 0.1%**  | **Peru - 0.1%**  | **Peru - 0.1%**  |
| Corp. Financiera de Desarrollo SA |  |  |
| 5.50%, 05/06/2030 <sup>(A)</sup> <br>| 1705000 | 1723585 |
| &nbsp;&nbsp; **Total Foreign Government Obligations** <br>**(Cost $12,558,953)**<br>|  | 12804988 |
| **MUNICIPAL GOVERNMENT OBLIGATION - 0.0% \*** | **MUNICIPAL GOVERNMENT OBLIGATION - 0.0% \*** | **MUNICIPAL GOVERNMENT OBLIGATION - 0.0% \*** |
| **Georgia - 0.0% \*** | **Georgia - 0.0% \*** | **Georgia - 0.0% \*** |
| Municipal Electric Authority of Georgia, <br> Revenue Bonds, |  |  |
| Series A, |  |  |
| 6.64%, 04/01/2057 | 260000 | 278674 |
| &nbsp;&nbsp; **Total Municipal Government Obligation** <br>**(Cost $304,341)**<br>|  | 278674 |
| **COMMERCIAL PAPER - 16.3%**  | **COMMERCIAL PAPER - 16.3%**  | **COMMERCIAL PAPER - 16.3%**  |
| **Banks - 4.2%**  | **Banks - 4.2%**  | **Banks - 4.2%**  |
| CAFCO LLC |  |  |
| 4.52% <sup>(E)</sup>, 08/22/2025 <sup>(A)</sup> <br>| 1950000 | 1944789 |
| DNB Bank ASA |  |  |
| 4.41% <sup>(E)</sup>, 10/29/2025 <sup>(A)</sup> <br>| 17000000 | 16815892 |
| Lloyds Bank PLC |  |  |
| 4.49% <sup>(E)</sup>, 12/15/2025 | 12700000 | 12487893 |
| Macquarie Bank Ltd. |  |  |
| 4.53% <sup>(E)</sup>, 08/19/2025 <sup>(A)</sup> <br>| 13630000 | 13598417 |
| Sheffield Receivables Co. LLC |  |  |
| 4.49% <sup>(E)</sup>, 08/06/2025 <sup>(A)</sup> <br>| 8000000 | 7994190 |
| 4.49% <sup>(E)</sup>, 09/10/2025 <sup>(A)</sup> <br>| 3425000 | 3407847 |
| Swedbank AB |  |  |
| 4.40% <sup>(E)</sup>, 09/02/2025 <sup>(A)</sup> <br>| 17500000 | 17430868 |
|  |  | 73679896 |
| **Capital Markets - 0.9%**  | **Capital Markets - 0.9%**  | **Capital Markets - 0.9%**  |
| Lexington Parker Capital Co. LLC |  |  |
| 4.49% <sup>(E)</sup>, 08/08/2025 <sup>(A)</sup> <br>| 16000000 | 15984495 |
| **Electrical Equipment - 0.8%**  | **Electrical Equipment - 0.8%**  | **Electrical Equipment - 0.8%**  |
| Emerson Electric Co. |  |  |
| 4.46% <sup>(E)</sup>, 09/23/2025 <sup>(A)</sup> <br>| 13500000 | 13412115 |
| **Energy Equipment & Services - 0.2%**  | **Energy Equipment & Services - 0.2%**  | **Energy Equipment & Services - 0.2%**  |
| Schlumberger Holdings Corp. |  |  |
| 4.47% <sup>(E)</sup>, 09/29/2025 <sup>(A)</sup> <br>| 3150000 | 3126428 |
| **Financial Services - 9.1%**  | **Financial Services - 9.1%**  | **Financial Services - 9.1%**  |
| Atlantic Asset Securitization LLC |  |  |
| 4.50% <sup>(E)</sup>, 09/22/2025 <sup>(A)</sup> <br>| 8000000 | 7948241 |
| Barton Capital SA |  |  |
| 4.48% <sup>(E)</sup>, 08/13/2025 <sup>(A)</sup> <br>| 16000000 | 15974779 |
| Britannia Funding Co. LLC |  |  |
| 4.51% <sup>(E)</sup>, 10/15/2025 <sup>(A)</sup> <br>| 17886000 | 17719456 |

---

**Transamerica Funds**

**Page 9**

------

**Transamerica Core Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **COMMERCIAL PAPER (continued)** | **COMMERCIAL PAPER (continued)** | **COMMERCIAL PAPER (continued)** |
| **Financial Services (continued)** | **Financial Services (continued)** | **Financial Services (continued)** |
| Glencove Funding LLC |  |  |
| 4.50% <sup>(E)</sup>, 09/02/2025 <sup>(A)</sup> <br>| $17500000 | $17429706 |
| GTA Funding LLC |  |  |
| 4.51% <sup>(E)</sup>, 08/28/2025 <sup>(A)</sup> <br>| 10000000 | 9965947 |
| Liberty Street Funding LLC |  |  |
| 4.43% <sup>(E)</sup>, 09/02/2025 <sup>(A)</sup> <br>| 4700000 | 4681121 |
| Mainbeach Funding LLC |  |  |
| 4.50% <sup>(E)</sup>, 08/27/2025 <sup>(A)</sup>  | 8100000 | 8073286 |
| 4.54% <sup>(E)</sup>, 08/11/2025 <sup>(A)</sup> <br>| 3500000 | 3495328 |
| Manhattan Asset Funding Co. LLC |  |  |
| 4.47% <sup>(E)</sup>, 10/27/2025 <sup>(A)</sup> <br>| 5800000 | 5737627 |
| Mont Blanc Capital Corp. |  |  |
| 4.47% <sup>(E)</sup>, 09/15/2025 <sup>(A)</sup> <br>| 14800000 | 14716993 |
| Nieuw Amsterdam Receivables Corp. BV |  |  |
| 4.48% <sup>(E)</sup>, 08/13/2025 <sup>(A)</sup> <br>| 16000000 | 15974707 |
| Ranger Funding Co. LLC |  |  |
| 4.55% <sup>(E)</sup>, 09/10/2025 <sup>(A)</sup> <br>| 20000000 | 19899384 |
| Starbird Funding Corp. |  |  |
| 4.50% <sup>(E)</sup>, 08/04/2025 <sup>(A)</sup> <br>| 10021000 | 10016155 |
| Victory Receivables Corp. |  |  |
| 4.47% <sup>(E)</sup>, 10/02/2025 <sup>(A)</sup> <br>| 7000000 | 6946321 |
|  |  | 158579051 |
| **Oil, Gas & Consumable Fuels - 1.1%**  | **Oil, Gas & Consumable Fuels - 1.1%**  | **Oil, Gas & Consumable Fuels - 1.1%**  |
| TotalEnergies Capital SA |  |  |
| 4.49% <sup>(E)</sup>, 09/02/2025 <sup>(A)</sup> <br>| 20000000 | 19920012 |
| &nbsp;&nbsp; **Total Commercial Paper** <br>**(Cost $284,743,739)**<br>|  | 284701997 |
| **SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 3.3%**  | **SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 3.3%**  | **SHORT-TERM U.S. GOVERNMENT OBLIGATIONS - 3.3%**  |
| U.S. Treasury Bills |  |  |
| 4.19% <sup>(E)</sup>, 10/16/2025 | 1519000 | 1505408 |

---

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **SHORT-TERM U.S. GOVERNMENT OBLIGATIONS (continued)** | **SHORT-TERM U.S. GOVERNMENT OBLIGATIONS (continued)** | **SHORT-TERM U.S. GOVERNMENT OBLIGATIONS (continued)** |
| U.S. Treasury Bills (continued) |  |  |
| 4.28% <sup>(E)</sup>, 10/16/2025 | $7000000 | $6937362 |
| 4.30% <sup>(E)</sup>, 10/09/2025 | 21600000 | 21423941 |
| 4.31% <sup>(E)</sup>, 10/16/2025 | 27863000 | 27613673 |
| &nbsp;&nbsp; **Total Short-Term U.S. Government Obligations** <br>**(Cost $57,493,657)** | &nbsp;&nbsp; **Total Short-Term U.S. Government Obligations** <br>**(Cost $57,493,657)** | 57480384 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **OTHER INVESTMENT COMPANY - 0.1%**  | **OTHER INVESTMENT COMPANY - 0.1%**  | **OTHER INVESTMENT COMPANY - 0.1%**  |
| **Securities Lending Collateral - 0.1%**  | **Securities Lending Collateral - 0.1%**  | **Securities Lending Collateral - 0.1%**  |
| &nbsp;&nbsp; State Street Navigator Securities Lending <br> Trust - Government Money Market Portfolio, <br> 4.27% <sup>(E)</sup> <br>| 2588603 | 2588603 |
| &nbsp;&nbsp; **Total Other Investment Company** <br>**(Cost $2,588,603)** | &nbsp;&nbsp; **Total Other Investment Company** <br>**(Cost $2,588,603)** | 2588603 |

---

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

---

| | | |
|:---|:---|:---|
|  | **Principal** | **Value** |
| **REPURCHASE AGREEMENT - 1.4%**  | **REPURCHASE AGREEMENT - 1.4%**  | **REPURCHASE AGREEMENT - 1.4%**  |
| &nbsp;&nbsp; Fixed Income Clearing Corp., <br>1.80% <sup>(E)</sup>, dated 07/31/2025, to be <br> repurchased at $23,803,455 on 08/01/2025. <br> Collateralized by a U.S. Government <br> Obligation, 3.75% due 04/30/2027, and with <br> a value of $24,278,342.<br>| $23802265 | 23802265 |
| &nbsp;&nbsp; **Total Repurchase Agreement** <br>**(Cost $23,802,265)** | &nbsp;&nbsp; **Total Repurchase Agreement** <br>**(Cost $23,802,265)** | 23802265 |
| &nbsp;&nbsp; **Total Investments** <br>**(Cost $2,106,322,946)** | &nbsp;&nbsp; **Total Investments** <br>**(Cost $2,106,322,946)** | 2079395380 |
| **Net Other Assets (Liabilities) - (19.1)%** | **Net Other Assets (Liabilities) - (19.1)%** | (333539007) |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | **$1745856373** |

---

**INVESTMENT VALUATION:**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** <sup>(F)</sup> <br>|  |  |  |  |
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2 -** <br>**Other Significant** <br>**Observable Inputs**<br>| **Level 3 -** <br>**Significant** <br>**Unobservable Inputs**<br>| **Value** |
| **ASSETS** |  |  |  |  |
| **Investments** |  |  |  |  |
| Corporate Debt Securities | $— | &nbsp;&nbsp; $574133478 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $574133478 |
| U.S. Government Obligations |  | &nbsp;&nbsp; 539369878 | &nbsp;&nbsp; — | &nbsp;&nbsp; 539369878 |
| U.S. Government Agency Obligations |  | &nbsp;&nbsp; 428601598 | &nbsp;&nbsp; — | &nbsp;&nbsp; 428601598 |
| Mortgage-Backed Securities |  | &nbsp;&nbsp; 90123427 | &nbsp;&nbsp; — | &nbsp;&nbsp; 90123427 |
| Asset-Backed Securities |  | &nbsp;&nbsp; 65510088 | &nbsp;&nbsp; — | &nbsp;&nbsp; 65510088 |
| Foreign Government Obligations |  | &nbsp;&nbsp; 12804988 | &nbsp;&nbsp; — | &nbsp;&nbsp; 12804988 |
| Municipal Government Obligation |  | &nbsp;&nbsp; 278674 | &nbsp;&nbsp; — | &nbsp;&nbsp; 278674 |
| Commercial Paper |  | &nbsp;&nbsp; 284701997 | &nbsp;&nbsp; — | &nbsp;&nbsp; 284701997 |
| Short-Term U.S. Government Obligations |  | &nbsp;&nbsp; 57480384 | &nbsp;&nbsp; — | &nbsp;&nbsp; 57480384 |
| Other Investment Company | 2588603 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 2588603 |
| Repurchase Agreement |  | &nbsp;&nbsp; 23802265 | &nbsp;&nbsp; — | &nbsp;&nbsp; 23802265 |
| **Total Investments** | **$2588603** | &nbsp;&nbsp; **$2076806777** | &nbsp;&nbsp; **$—** | &nbsp;&nbsp; **$2079395380** |

---

**Transamerica Funds**

**Page 10**

------

**Transamerica Core Bond**

------

**SCHEDULE OF INVESTMENTS (continued)**

**At July 31, 2025**

**(unaudited)**

**FOOTNOTES TO SCHEDULE OF INVESTMENTS:** 

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

<sup>(A)</sup> *Security is exempt from registration pursuant to Rule 144A of the Securities Act of 1933. Security may be resold as transactions exempt from* *registration, normally to qualified institutional buyers. At July 31, 2025, the total value of 144A securities is $567,636,875, representing 32.5% of the* *Fund's net assets.* 

<sup>(B)</sup> *Floating or variable rate security. The rate disclosed is as of July 31, 2025. For securities based on a published reference rate and spread, the reference* *rate and spread are indicated within the description. Variable rate securities with a floor or ceiling feature are disclosed at the inherent rate, where* *applicable. Certain variable rate securities are not based on a published reference rate and spread, but are determined by the issuer or agent and are* *based on current market conditions; these securities do not indicate a reference rate and spread in the description.* 

<sup>(C)</sup> *When-issued, delayed-delivery and/or forward commitment (including TBAs) security. Security to be settled and delivered after July 31, 2025. Security* *may display a coupon rate of 0.00%, as the rate is to be determined at time of settlement.* 

<sup>(D)</sup> *All or a portion of the security is on loan. The total value of the securities on loan is $2,536,257, collateralized by cash collateral of $2,588,603. The* *amount on loan indicated may not correspond with the securities on loan identified because a security with pending sales are in the process of recall* *from the brokers.* 

<sup>(E)</sup> *Rate disclosed reflects the yield at July 31, 2025.*

<sup>(F)</sup> *There were no transfers in or out of Level 3 during the period ended July 31, 2025. Please reference the Investment Valuation section of the Notes to* *Schedule of Investments for more information regarding investment valuation and pricing inputs.* 

**PORTFOLIO ABBREVIATION(S):** 

---

| | |
|:---|:---|
| *REIT* | *Real Estate Investment Trust* |
| *RFUCC* | *Refinitiv USD IBOR Consumer Cash Fallbacks* |
| *SOFR* | *Secured Overnight Financing Rate* |
| *STRIPS* | *Separate Trading of Registered Interest and Principal of Securities* |
| *TBA* | *To Be Announced* |

---

**Transamerica Funds**

**Page 11**

------

**Transamerica Core Bond**

------

**NOTES TO SCHEDULE OF INVESTMENTS**

**At July 31, 2025**

**(unaudited)**

**INVESTMENT VALUATION**

Transamerica Core Bond (the "Fund") is a series of the Transamerica Funds.

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

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

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

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

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

The inputs used to measure fair value may fall into different Levels of the fair value hierarchy. In such cases, for disclosure purposes, the Level in the fair value hierarchy that is assigned to the fair value measurement of a security is determined based on the lowest Level input that is significant to the fair value measurement in its entirety. Certain investments that are measured at fair value using Net Asset Value ("NAV") per share, or its equivalent, using the "practical expedient" have not been classified in the fair value Levels. The hierarchy classification of inputs used to value the Fund's investments at July 31, 2025, is disclosed within the Investment Valuation section of the Schedule of Investments.

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

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

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

*Commercial paper:* Commercial paper is valued using amortized cost, which approximates fair value. The values are generally categorized in Level 2 of the fair value hierarchy, or Level 3 if inputs are unobservable.

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

**Transamerica Funds**

**Page 12**

------

**Transamerica Core Bond**

------

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

**At July 31, 2025**

**(unaudited)**

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

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

*Municipal government obligations:* The fair value of municipal government obligations and variable rate notes is estimated based on models that consider, among other factors, information received from market makers and broker-dealers, current trades, bid-want lists, offerings, market movements, the liquidity of the bond, state of issuance, benchmark yield curves, and bond or note insurance. To the extent the inputs are observable and timely, the values would generally be categorized in Level 2 of the fair value hierarchy; otherwise they are categorized in Level 3.

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

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

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

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

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

**Transamerica Funds**

**Page 13**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** TRANSAMERICA FUNDS

- **b. Investment Company Act file number:** 811-04556

- **c. CIK number of Registrant:** 0000787623

- **d. LEI of Registrant:** 54930088ZHZE1VMYEY52

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

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

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80202

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

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

- **a. Name of Series:** Transamerica Core Bond

- **b. EDGAR series identifier (if any):** S000044275

- **c. LEI of Series:** 549300ZF0O00XTDBKY49

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $2082435574.46

**Total Liabilities:** $343724515.48

**Net Assets:** $1738711058.98

**Delayed Delivery Securities:** $331227323.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1776.14000000 | **1-Year:** -35082.53000000 | **5-Year:** -126103.91000000 | **10-Year:** -159564.87000000 | **30-Year:** -48469.37000000

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

- **3-Month:** -92.94000000 | **1-Year:** -4169.07000000 | **5-Year:** -15338.17000000 | **10-Year:** -7877.00000000 | **30-Year:** -104.59000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000240465 | -0.57%               | 1.66%                | -0.21%               |
| Class ID C000240467 | -0.66%               | 1.56%                | -0.30%               |
| Class ID C000137931 | -0.57%               | 1.65%                | -0.09%               |
| Class ID C000240466 | -0.60%               | 1.62%                | -0.12%               |
| Class ID C000171829 | -0.72%               | 1.72%                | -0.25%               |
| Class ID C000171830 | -0.59%               | 1.63%                | -0.11%               |
| Class ID C000171831 | -0.57%               | 1.65%                | -0.21%               |
| Class ID C000228029 | -0.57%               | 1.65%                | -0.21%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7068016.65             | $-8561097.51                               |
| Month 2  | $-3263221.38             | $24614849.64                               |
| Month 3  | $1806230.82              | $-11667336.44                              |

**Designated Index Information**

- **Index Name:** Securities Portfolio VaR

- **Index Identifier:** Designated Reference Portfolio is the Fund's Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SAFEHOLD GL HOLDINGS LLC                                                        | Safehold GL Holdings LLC                                                      | CUSIP: 785931AA4<br>LEI: 54930012UY5Z4Q8NL108 | Long             | DBT              |  | US        |   2189000 | PA      | $2284894.68   | 0.13%             | 2034-04-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| QTS ISSUER ABS I LLC                                                            | QTS Issuer ABS I LLC                                                          | CUSIP: 74690DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4335000 | PA      | $4356501.60   | 0.25%             | 2055-05-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                             | JPMorgan Chase & Co.                                                          | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3663000 | PA      | $3710454.17   | 0.21%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                       | Towd Point Mortgage Trust                                                     | CUSIP: 89175JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    827291 | PA      | $809646.91    | 0.05%             | 2057-10-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TL2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5195000 | PA      | $4477643.54   | 0.26%             | 2052-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS Health Corp.                                                              | CUSIP: 126650DX5<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1186000 | PA      | $1207209.10   | 0.07%             | 2031-01-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                   | Boeing Co.                                                                    | CUSIP: 097023DT9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1578000 | PA      | $1734480.13   | 0.10%             | 2054-05-01      | Fixed         | 6.86%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                             | JPMorgan Chase & Co.                                                          | CUSIP: 46647PCB0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3918000 | PA      | $3833695.96   | 0.22%             | 2027-04-22      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                        | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401ABA8<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   3563000 | PA      | $3549776.64   | 0.20%             | 2030-10-10      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                         | HCA, Inc.                                                                     | CUSIP: 404119CU1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2345000 | PA      | $2389803.83   | 0.14%             | 2034-04-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7666300 | PA      | $3634005.90   | 0.21%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128LXG20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    134956 | PA      | $136052.98    | 0.01%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                                                           | Chile Electricity Lux MPC II SARL                                             | CUSIP: 16882LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   3244339 | PA      | $3276782.49   | 0.19%             | 2035-10-20      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810RN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3856000 | PA      | $2849071.88   | 0.16%             | 2045-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Owens Corning                                                                   | Owens Corning                                                                 | CUSIP: 690742AG6<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |   2665000 | PA      | $2145632.41   | 0.12%             | 2047-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 9128286B1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8833400 | PA      | $8465571.75   | 0.49%             | 2029-02-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810RY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5574000 | PA      | $3924879.82   | 0.23%             | 2047-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                        | OBX Trust                                                                     | CUSIP: 67118TAA2<br>LEI: 254900LSNFNEGAD7J679 | Long             | ABS-MBS          | CORP              | US        |   3215692 | PA      | $3233858.15   | 0.19%             | 2064-01-25      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                               | Citigroup Mortgage Loan Trust, Inc.                                           | CUSIP: 17322GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    149688 | PA      | $145269.11    | 0.01%             | 2035-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| CIGNA GROUP/THE                                                                 | Cigna Group                                                                   | CUSIP: 125523CL2<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |   1671000 | PA      | $1521480.64   | 0.09%             | 2030-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CJQ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6529000 | PA      | $6448662.68   | 0.37%             | 2030-12-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                             | JPMorgan Chase & Co.                                                          | CUSIP: 46647PEB8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   7430000 | PA      | $7555269.50   | 0.43%             | 2030-01-23      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| TYCO ELECTRONICS GROUP S                                                        | Tyco Electronics Group SA                                                     | CUSIP: 902133BD8<br>LEI: C33G1C5SYE2YM95EE712 | Long             | DBT              | CORP              | LU        |   3353000 | PA      | $3355619.16   | 0.19%             | 2035-05-09      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHELL INTERNATIONAL FIN                                                         | Shell International Finance BV                                                | CUSIP: 822582BX9<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |   1988000 | PA      | $1951041.01   | 0.11%             | 2026-09-12      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                             | Petroleos Mexicanos                                                           | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   3109000 | PA      | $3059438.50   | 0.18%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                          | Roper Technologies, Inc.                                                      | CUSIP: 776696AJ5<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   2531000 | PA      | $2485540.53   | 0.14%             | 2034-10-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CLEVELAND ELECTRIC ILLUM                                                        | Cleveland Electric Illuminating Co.                                           | CUSIP: 186108CE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    436000 | PA      | $449196.60    | 0.03%             | 2036-12-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds                                         | Colombia Government International Bonds                                       | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |   3584000 | PA      | $3013283.84   | 0.17%             | 2031-04-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3138Y3DW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1279957 | PA      | $1305018.12   | 0.08%             | 2041-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                                             | General Electric Co.                                                          | CUSIP: 369604BH5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   2189000 | PA      | $1934297.18   | 0.11%             | 2044-03-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd                                                              | Macquarie Bank Ltd.                                                           | CUSIP: 55607KVK9<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | STIV             | CORP              | AU        |  13630000 | PA      | $13598416.56  | 0.78%             | 2025-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CROWDSTRIKE HOLDINGS INC                                                        | Crowdstrike Holdings, Inc.                                                    | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |    570000 | PA      | $533473.37    | 0.03%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64829NAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    918099 | PA      | $879117.85    | 0.05%             | 2057-05-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                    | UBS Group AG                                                                  | CUSIP: 225401AZ1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   2904000 | PA      | $3162239.10   | 0.18%             | 2033-08-12      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                        | AerCap Ireland Capital DAC/AerCap Global Aviation Trust                       | CUSIP: 00774MBM6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1115000 | PA      | $1087442.35   | 0.06%             | 2034-09-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                                                           | Micron Technology, Inc.                                                       | CUSIP: 595112CD3<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   3014000 | PA      | $3076053.26   | 0.18%             | 2031-01-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                                              | BMW U.S. Capital LLC                                                          | CUSIP: 05565EAH8<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   2320000 | PA      | $2293010.02   | 0.13%             | 2026-04-11      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128QHTK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9219 | PA      | $9304.67      | 0.00%             | 2037-04-01      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                              | Alternative Loan Trust                                                        | CUSIP: 12667GWF6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    223272 | PA      | $203002.11    | 0.01%             | 2035-08-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                                          | CHL Mortgage Pass-Through Trust                                               | CUSIP: 12669FJC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3775 | PA      | $3777.60      | 0.00%             | 2034-02-25      | Variable      | 6.74%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4011000 | PA      | $3942687.66   | 0.23%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Emerson Electric Co                                                             | Emerson Electric Co.                                                          | CUSIP: 29101AWP5<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | STIV             | CORP              | US        |  13500000 | PA      | $13412115.00  | 0.77%             | 2025-09-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Glencove Funding LLC                                                            | Glencove Funding LLC                                                          | CUSIP: 37828VW25<br>LEI: 549300XUUQZO7I38ZR06 | Long             | STIV             | CORP              | IE        |  17500000 | PA      | $17429706.00  | 1.00%             | 2025-09-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                             | Petroleos Mexicanos                                                           | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    641000 | PA      | $543416.49    | 0.03%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| TAKEDA US FIN                                                                   | Takeda U.S. Financing, Inc.                                                   | CUSIP: 87406BAA0<br>LEI: 254900ZGPIBGBZ2N3A33 | Long             | DBT              | CORP              | US        |   3555000 | PA      | $3541663.81   | 0.20%             | 2035-07-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128QHXK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      7237 | PA      | $7273.70      | 0.00%             | 2037-05-01      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| Ranger Funding Co LLC                                                           | Ranger Funding Co. LLC                                                        | CUSIP: 75300AWA0<br>LEI: 98450051F658C0AS7E68 | Long             | STIV             | CORP              | US        |  20000000 | PA      | $19899384.00  | 1.14%             | 2025-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                                    | Broadcom, Inc.                                                                | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3062000 | PA      | $2570160.31   | 0.15%             | 2035-11-15      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CLD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19059000 | PA      | $19125259.76  | 1.10%             | 2031-07-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810QA9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3774000 | PA      | $3375223.84   | 0.19%             | 2039-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CJT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17703000 | PA      | $17689169.53  | 1.02%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                                                  | Rocket Cos., Inc.                                                             | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2120000 | PA      | $2149579.30   | 0.12%             | 2030-08-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA                                                                | ArcelorMittal SA                                                              | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |   3782000 | PA      | $3931345.39   | 0.23%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                                                           | Amrize Finance U.S. LLC                                                       | CUSIP: 43475RAD8<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   1849000 | PA      | $1865024.40   | 0.11%             | 2035-04-07      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                           | Truist Financial Corp.                                                        | CUSIP: 89788MAM4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   4673000 | PA      | $4674560.17   | 0.27%             | 2034-01-26      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                          | Philip Morris International, Inc.                                             | CUSIP: 718172DQ9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   3306000 | PA      | $3262419.48   | 0.19%             | 2034-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                                                        | Huntington Ingalls Industries, Inc.                                           | CUSIP: 446413AZ9<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |   5383000 | PA      | $4990472.34   | 0.29%             | 2028-08-16      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                       | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F020489<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8652000 | PA      | $7853542.83   | 0.45%             | 2039-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5138000 | PA      | $2814660.63   | 0.16%             | 2051-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWHT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9596558 | PA      | $9568205.96   | 0.55%             | 2053-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12464700 | PA      | $12355633.88  | 0.71%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                    | Barclays PLC                                                                  | CUSIP: 06738ECC7<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3834000 | PA      | $3856879.05   | 0.22%             | 2026-11-02      | Fixed         | 7.33%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                                                | Duke Energy Corp.                                                             | CUSIP: 26441CAT2<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   4164000 | PA      | $3081555.92   | 0.18%             | 2046-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| INTESA SANPAOLO SPA                                                             | Intesa Sanpaolo SpA                                                           | CUSIP: 46115HBV8<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | DBT              | CORP              | IT        |   3561000 | PA      | $4138318.29   | 0.24%             | 2033-11-21      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LKQ CORP                                                                        | LKQ Corp.                                                                     | CUSIP: 501889AF6<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |   1751000 | PA      | $1829998.68   | 0.11%             | 2033-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                           | Truist Financial Corp.                                                        | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1527401.33   | 0.09%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8868600 | PA      | $6168873.47   | 0.35%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                                                 | Fair Isaac Corp.                                                              | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   1071000 | PA      | $1076028.96   | 0.06%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ANGLO AMERICAN CAPITAL                                                          | Anglo American Capital PLC                                                    | CUSIP: 034863AU4<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |   3182000 | PA      | $3170359.58   | 0.18%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Duke Energy Progress LLC                                                        | Duke Energy Progress LLC                                                      | CUSIP: 26442UAE4<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   1939000 | PA      | $1418244.15   | 0.08%             | 2047-09-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4455000 | PA      | $4349019.74   | 0.25%             | 2053-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64829GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    615407 | PA      | $592788.33    | 0.03%             | 2035-11-26      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                                                           | Venture Global Plaquemines LNG LLC                                            | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   4089000 | PA      | $4483453.24   | 0.26%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                                           | Foundry JV Holdco LLC                                                         | CUSIP: 350930AA1<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   2528000 | PA      | $2552590.29   | 0.15%             | 2034-01-25      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  24218400 | PA      | $24277054.06  | 1.40%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                       | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F030488<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5078000 | PA      | $4808237.39   | 0.28%             | 2039-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                               | Citigroup Mortgage Loan Trust, Inc.                                           | CUSIP: 17324VAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    115038 | PA      | $110575.15    | 0.01%             | 2042-09-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64829HAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1300589 | PA      | $1223676.47   | 0.07%             | 2056-09-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                                                          | Bunge Ltd. Finance Corp.                                                      | CUSIP: 120568BH2<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   4276000 | PA      | $4298828.15   | 0.25%             | 2027-04-21      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| MARKEL GROUP INC                                                                | Markel Group, Inc.                                                            | CUSIP: 570535AT1<br>LEI: 549300SCNO12JLWIK605 | Long             | DBT              | CORP              | US        |    457000 | PA      | $396659.99    | 0.02%             | 2049-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810SL3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8520000 | PA      | $4937939.04   | 0.28%             | 2050-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                                                          | Williams Cos., Inc.                                                           | CUSIP: 96950FAN4<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    698000 | PA      | $654057.99    | 0.04%             | 2044-03-04      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                       | Towd Point Mortgage Trust                                                     | CUSIP: 89173UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    586562 | PA      | $571284.82    | 0.03%             | 2057-06-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| JM SMUCKER CO                                                                   | J.M. Smucker Co.                                                              | CUSIP: 832696AY4<br>LEI: 5493000WDH6A0LHDJD55 | Long             | DBT              | CORP              | US        |   1464000 | PA      | $1557021.04   | 0.09%             | 2043-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                          | Diamondback Energy, Inc.                                                      | CUSIP: 25278XAZ2<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   3192000 | PA      | $3199555.14   | 0.18%             | 2034-04-18      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CMS Energy Corp                                                                 | CMS Energy Corp.                                                              | CUSIP: 125896BN9<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |    694000 | PA      | $612419.90    | 0.04%             | 2044-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CKT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8825000 | PA      | $9005981.42   | 0.52%             | 2029-05-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bills                                                           | CUSIP: 912797QF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  36382000 | PA      | $36056442.95  | 2.07%             | 2025-10-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3501000 | PA      | $2266760.75   | 0.13%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CAFCO LLC                                                                       | CAFCO LLC                                                                     | CUSIP: 1247P2VN1<br>LEI: 8O46YQAGJ63WE5QHIG35 | Long             | STIV             | CORP              | US        |   1950000 | PA      | $1944788.82   | 0.11%             | 2025-08-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WEYERHAEUSER CO                                                                 | Weyerhaeuser Co.                                                              | CUSIP: 962166BY9<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | DBT              |  | US        |   3034000 | PA      | $2954673.40   | 0.17%             | 2030-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                                                            | COPT Defense Properties LP                                                    | CUSIP: 22003BAN6<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              |  | US        |    585000 | PA      | $534154.33    | 0.03%             | 2029-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                                                    | State Street Navigator Securities Lending Government Money Market Portfolio   | CUSIP: 857509301<br>LEI: 5493008BJIBKQ5KTIF74 | Long             | STIV             | RF                | US        |   2588602 | NS      | $2588602.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810SC3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6559000 | PA      | $4916175.47   | 0.28%             | 2048-05-15      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                                                    | UBS Group AG                                                                  | CUSIP: 902613BM9<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1592000 | PA      | $1536075.16   | 0.09%             | 2045-09-06      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CCS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13803000 | PA      | $11737402.58  | 0.68%             | 2031-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7921000 | PA      | $7903363.42   | 0.45%             | 2032-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                | T-Mobile USA, Inc.                                                            | CUSIP: 87264ADF9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   1610000 | PA      | $1619798.41   | 0.09%             | 2034-04-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ZF NA CAPITAL                                                                   | ZF North America Capital, Inc.                                                | CUSIP: 98877DAG0<br>LEI: 529900JYGMS9CW9IQX78 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2076199.57   | 0.12%             | 2032-04-23      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 9128282A7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6769000 | PA      | $6587241.79   | 0.38%             | 2026-08-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Hin Timeshare Trust                                                             | HINNT LLC                                                                     | CUSIP: 40472QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3188873 | PA      | $3225041.17   | 0.19%             | 2043-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                                          | GE HealthCare Technologies, Inc.                                              | CUSIP: 36266GAA5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   1527000 | PA      | $1544453.09   | 0.09%             | 2029-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD GRP/CO                                                        | JBS USA Holding Lux SARL/JBS USA Foods Group Holdings, Inc./JBS USA Food Co.  | CUSIP: 472140AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4216000 | PA      | $4198840.88   | 0.24%             | 2036-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                               | Brown & Brown, Inc.                                                           | CUSIP: 115236AM3<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |   3372000 | PA      | $3408727.25   | 0.20%             | 2035-06-23      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                         | Dell International LLC/EMC Corp.                                              | CUSIP: 24703DBQ3<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   3521000 | PA      | $3402322.79   | 0.20%             | 2035-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4206000 | PA      | $3704690.94   | 0.21%             | 2032-10-21      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418MFD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    197801 | PA      | $202893.58    | 0.01%             | 2034-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XKUQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10045471 | PA      | $9841584.46   | 0.57%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                                                          | NXP BV/NXP Funding LLC/NXP USA, Inc.                                          | CUSIP: 62954HAY4<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1216000 | PA      | $1150113.24   | 0.07%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                                                     | Cargill, Inc.                                                                 | CUSIP: 141781CD4<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |   2503000 | PA      | $2518367.17   | 0.14%             | 2035-02-11      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                                                                   | Allstate Corp.                                                                | CUSIP: 020002BL4<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |   4683000 | PA      | $4774990.89   | 0.27%             | 2029-06-24      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                       | Amgen, Inc.                                                                   | CUSIP: 031162DA5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1754000 | PA      | $1255947.51   | 0.07%             | 2041-08-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UnitedHealth Group, Inc.                                                      | CUSIP: 91324PEX6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2332000 | PA      | $2032832.20   | 0.12%             | 2063-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64829DAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    574214 | PA      | $549423.79    | 0.03%             | 2054-11-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                            | M&T Bank Corp.                                                                | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1403000 | PA      | $1518550.59   | 0.09%             | 2029-10-30      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                                          | Aviation Capital Group LLC                                                    | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   1638000 | PA      | $1615061.05   | 0.09%             | 2026-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                               | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 82652QAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    749320 | PA      | $737953.60    | 0.04%             | 2037-11-20      | Fixed         | 0.99%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9804000 | PA      | $9483838.13   | 0.55%             | 2044-11-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CKF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6369000 | PA      | $6400098.62   | 0.37%             | 2031-03-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64829JAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1096922 | PA      | $1060670.63   | 0.06%             | 2057-02-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                                                                     | Equifax, Inc.                                                                 | CUSIP: 294429AV7<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |   1482000 | PA      | $1499311.18   | 0.09%             | 2027-12-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC                                                             | Georgia-Pacific LLC                                                           | CUSIP: 37331NAT8<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |   1697000 | PA      | $1708604.85   | 0.10%             | 2032-06-30      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans                                                          | CHL Mortgage Pass-Through Trust                                               | CUSIP: 12669GTQ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     47490 | PA      | $45042.27     | 0.00%             | 2035-04-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                          | PNC Financial Services Group, Inc.                                            | CUSIP: 693475BS3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3444000 | PA      | $3631478.62   | 0.21%             | 2034-08-18      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| American Tower Trust I                                                          | American Tower Trust #1                                                       | CUSIP: 03027WAK8<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | DBT              |  | US        |   2395000 | PA      | $2327139.59   | 0.13%             | 2028-03-23      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS Health Corp.                                                              | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   3638000 | PA      | $3742919.92   | 0.22%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CLY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8782000 | PA      | $8798809.27   | 0.51%             | 2026-11-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-2 AA PTT                                                        | American Airlines Pass-Through Trust                                          | CUSIP: 023765AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       136 | PA      | $130.03       | 0.00%             | 2028-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3036000 | PA      | $3108301.52   | 0.18%             | 2031-01-24      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CDK4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8311000 | PA      | $8009401.62   | 0.46%             | 2026-11-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                                    | Synopsys, Inc.                                                                | CUSIP: 871607AE7<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1688000 | PA      | $1693992.18   | 0.10%             | 2035-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                        | OBX Trust                                                                     | CUSIP: 67120VAA3<br>LEI: 2549006BC0G3YEF5SL09 | Long             | ABS-MBS          | CORP              | US        |   2508889 | PA      | $2507597.23   | 0.14%             | 2064-11-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Impac CMB Trust                                                                 | Impac CMB Trust                                                               | CUSIP: 45254NJV0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1315 | PA      | $1309.41      | 0.00%             | 2034-10-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                               | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 82650BAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1357517 | PA      | $1379770.17   | 0.08%             | 2040-04-20      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| KROGER CO                                                                       | Kroger Co.                                                                    | CUSIP: 501044DV0<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |   1802000 | PA      | $1782540.60   | 0.10%             | 2034-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AMRIZE FINANCE US LLC                                                           | Amrize Finance U.S. LLC                                                       | CUSIP: 43475RAK2<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    799000 | PA      | $684537.82    | 0.04%             | 2046-09-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MASTR Adjustable Rate Mortgages Trust                                           | MASTR Adjustable Rate Mortgages Trust                                         | CUSIP: 57645WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    132894 | PA      | $55746.13     | 0.00%             | 2035-11-25      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| WP CAREY INC                                                                    | WP Carey, Inc.                                                                | CUSIP: 92936UAM1<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              |  | US        |   2367000 | PA      | $2379338.39   | 0.14%             | 2034-06-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| COPT DEFENSE PROP LP                                                            | COPT Defense Properties LP                                                    | CUSIP: 22003BAL0<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              |  | US        |    769000 | PA      | $755579.72    | 0.04%             | 2026-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CMP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25628000 | PA      | $25667042.72  | 1.48%             | 2027-02-28      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| 321 Henderson Receivables LLC                                                   | 321 Henderson Receivables VI LLC                                              | CUSIP: 88576XAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1689124 | PA      | $1690872.73   | 0.10%             | 2059-07-15      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810UL0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4408000 | PA      | $4472742.50   | 0.26%             | 2045-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 61747YFT7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2464000 | PA      | $2495012.03   | 0.14%             | 2035-07-19      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810SH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4242500 | PA      | $3004717.49   | 0.17%             | 2049-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128QHTC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1432 | PA      | $1434.44      | 0.00%             | 2037-02-01      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                        | OBX Trust                                                                     | CUSIP: 67118XAA3<br>LEI: 254900LMIQVUH9BFZJ05 | Long             | ABS-MBS          | CORP              | US        |   2094405 | PA      | $2114817.15   | 0.12%             | 2064-02-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust                                                       | Morgan Stanley Bank of America Merrill Lynch Trust                            | CUSIP: 61762TAH9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1035000 | PA      | $688275.00    | 0.04%             | 2046-08-15      | Variable      | 4.08%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                                 | MVW LLC                                                                       | CUSIP: 55400UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2757015 | PA      | $2719568.31   | 0.16%             | 2039-11-21      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                   | Carnival Corp.                                                                | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1414000 | PA      | $1423572.78   | 0.08%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Nieuw Amsterdam Receivables Corp BV                                             | Nieuw Amsterdam Receivables Corp. BV                                          | CUSIP: 65409RVD9<br>LEI: 724500BM7HQ28ZIB2058 | Long             | STIV             | CORP              | US        |  16000000 | PA      | $15974707.20  | 0.92%             | 2025-08-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bills                                                           | CUSIP: 912797QE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |  21600000 | PA      | $21423941.42  | 1.23%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                                                           | Foundry JV Holdco LLC                                                         | CUSIP: 350930AG8<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   2594000 | PA      | $2665661.64   | 0.15%             | 2033-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                        | Volkswagen Group of America Finance LLC                                       | CUSIP: 928668BN1<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2434000 | PA      | $2268732.11   | 0.13%             | 2027-11-24      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| 321 Henderson Receivables LLC                                                   | JG Wentworth XXII LLC                                                         | CUSIP: 46616MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    174423 | PA      | $172298.15    | 0.01%             | 2048-12-15      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION                                                        | Sabine Pass Liquefaction LLC                                                  | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   1840000 | PA      | $1825201.93   | 0.10%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| 321 Henderson Receivables LLC                                                   | JGWPT XXVIII LLC                                                              | CUSIP: 46617FAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    722461 | PA      | $650687.09    | 0.04%             | 2067-04-15      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128QSU46<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     39900 | PA      | $40867.45     | 0.00%             | 2038-01-01      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31415MM77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    209041 | PA      | $220656.25    | 0.01%             | 2038-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Structured Adjustable Rate Mortgage Loan Trust                                  | Structured Adjustable Rate Mortgage Loan Trust                                | CUSIP: 86363GAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    452560 | PA      | $169232.61    | 0.01%             | 2047-04-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                                                       | ONEOK, Inc.                                                                   | CUSIP: 682680BG7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   3739000 | PA      | $3953131.78   | 0.23%             | 2032-11-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                                                | BAT Capital Corp.                                                             | CUSIP: 05526DCC7<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   3988000 | PA      | $4050815.23   | 0.23%             | 2035-08-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD                                                        | Aptiv Swiss Holdings Ltd.                                                     | CUSIP: 00217GAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |   1988000 | PA      | $1775882.65   | 0.10%             | 2032-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SENSATA TECH INC                                                                | Sensata Technologies, Inc.                                                    | CUSIP: 81728UAA2<br>LEI: 5493002MMDDCUNV7NY90 | Long             | DBT              | CORP              | US        |   1965000 | PA      | $1880314.98   | 0.11%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RAAC Series                                                                     | RAAC Trust                                                                    | CUSIP: 74919LAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    313084 | PA      | $286685.38    | 0.02%             | 2046-11-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3138ABBJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7886 | PA      | $8098.38      | 0.00%             | 2041-03-01      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC                                                                | LPL Holdings, Inc.                                                            | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1474000 | PA      | $1498150.66   | 0.09%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Structured Adjustable Rate Mortgage Loan Trust                                  | Structured Adjustable Rate Mortgage Loan Trust                                | CUSIP: 863579UL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    170301 | PA      | $86356.36     | 0.00%             | 2035-07-25      | Variable      | 4.30%                 | No            |                  2 | On Loan: No      |
| EATON CAPITAL ULC                                                               | Eaton Capital ULC                                                             | CUSIP: 27806HAA9<br>LEI: 549300OLS85LSODKAF64 | Long             | DBT              | CORP              | IE        |   1379000 | PA      | $1378208.10   | 0.08%             | 2030-05-09      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                        | JPMorgan Mortgage Trust                                                       | CUSIP: 466247BL6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     10143 | PA      | $9314.61      | 0.00%             | 2034-02-25      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                         | Bristol-Myers Squibb Co.                                                      | CUSIP: 110122EL8<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1129000 | PA      | $1090530.98   | 0.06%             | 2064-02-22      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1376000 | PA      | $1334397.49   | 0.08%             | 2044-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC                                                              | Ingersoll Rand, Inc.                                                          | CUSIP: 45687VAF3<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2260820.91   | 0.13%             | 2034-06-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | Bank of America Corp.                                                         | CUSIP: 06051GLS6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   9016000 | PA      | $9366656.22   | 0.54%             | 2029-09-15      | Fixed         | 5.82%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Inflation-Protected Indexed Bonds                               | CUSIP: 912810PZ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22256479 | PA      | $23135951.80  | 1.33%             | 2029-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS INC                                                              | Meta Platforms, Inc.                                                          | CUSIP: 30303M8M7<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   2870000 | PA      | $2940502.10   | 0.17%             | 2030-05-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| VERALTO CORP                                                                    | Veralto Corp.                                                                 | CUSIP: 92338CAF0<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1755670.22   | 0.10%             | 2033-09-18      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                                                            | Chase Issuance Trust                                                          | CUSIP: 161571HT4<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |   5200000 | PA      | $5247491.08   | 0.30%             | 2028-09-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 31298T5K4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     76210 | PA      | $78994.95     | 0.00%             | 2031-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Barton Capital SA                                                               | Barton Capital SA                                                             | CUSIP: 06945LVD7<br>LEI: 549300KOFKIMD0C37W24 | Long             | STIV             | CORP              | US        |  16000000 | PA      | $15974779.20  | 0.92%             | 2025-08-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DNB Bank ASA                                                                    | DNB Bank ASA                                                                  | CUSIP: 2332K0XV9<br>LEI: 549300GKFG0RYRRQ1414 | Long             | STIV             | CORP              | NO        |  17000000 | PA      | $16815891.70  | 0.97%             | 2025-10-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Britannia Funding Co LLC                                                        | Britannia Funding Co. LLC                                                     | CUSIP: 11042LXF2<br>LEI: 549300X2ZBE7GS6QP587 | Long             | STIV             | CORP              | US        |  17886000 | PA      | $17719456.30  | 1.02%             | 2025-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810SX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3830000 | PA      | $2393600.40   | 0.14%             | 2051-05-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                       | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F022485<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   5738000 | PA      | $5326672.96   | 0.31%             | 2039-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2825900 | PA      | $2273856.03   | 0.13%             | 2053-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CAE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  25047000 | PA      | $21258641.25  | 1.22%             | 2030-08-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31418MY63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    229883 | PA      | $240364.44    | 0.01%             | 2040-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO                                                               | General Motors Co.                                                            | CUSIP: 37045VBC3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1356000 | PA      | $1378014.05   | 0.08%             | 2028-04-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CORP FINANCIERA DE DESAR                                                        | Corp. Financiera de Desarrollo SA                                             | CUSIP: 21987DAH7<br>LEI: 254900BOM7T4MG6T0J30 | Long             | DBT              | NUSS              | PE        |   1705000 | PA      | $1723584.50   | 0.10%             | 2030-05-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                         | Goldman Sachs Group, Inc.                                                     | CUSIP: 38141GC51<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2304000 | PA      | $2313685.46   | 0.13%             | 2056-01-28      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1912000 | PA      | $1718858.13   | 0.10%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140QUVB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10897565 | PA      | $11049829.35  | 0.64%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                          | Verizon Communications, Inc.                                                  | CUSIP: 92343VFW9<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   4629000 | PA      | $2775992.69   | 0.16%             | 2056-10-30      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                                             | General Electric Co.                                                          | CUSIP: 369604BF9<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   1735000 | PA      | $1445259.65   | 0.08%             | 2042-10-09      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                                               | GXO Logistics, Inc.                                                           | CUSIP: 36262GAD3<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   6357000 | PA      | $5539830.28   | 0.32%             | 2031-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                        | AerCap Ireland Capital DAC/AerCap Global Aviation Trust                       | CUSIP: 00774MAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   3092000 | PA      | $3085682.21   | 0.18%             | 2026-04-03      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER                                                         | Laboratory Corp. of America Holdings                                          | CUSIP: 50540RBB7<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |   3234000 | PA      | $3145747.67   | 0.18%             | 2034-10-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                                                   | Boeing Co.                                                                    | CUSIP: 097023DS1<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   3849000 | PA      | $4189283.08   | 0.24%             | 2034-05-01      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                              | Alternative Loan Trust                                                        | CUSIP: 02151BBG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4505687 | PA      | $1565137.35   | 0.09%             | 2037-09-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| General Motors Co                                                               | General Motors Co.                                                            | CUSIP: 37045VAF7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    922000 | PA      | $913454.80    | 0.05%             | 2043-10-02      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31410KFF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     55595 | PA      | $58129.01     | 0.00%             | 2038-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                        | OBX Trust                                                                     | CUSIP: 67448NAA6<br>LEI: 254900RDM4XSF0B1E373 | Long             | ABS-MBS          | CORP              | US        |   1197766 | PA      | $1202550.36   | 0.07%             | 2064-01-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31416TL56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    472234 | PA      | $475050.24    | 0.03%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                               | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 82653HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1900000 | PA      | $1903821.85   | 0.11%             | 2044-04-20      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                                                        | Western Midstream Operating LP                                                | CUSIP: 958667AE7<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   2637000 | PA      | $2750508.77   | 0.16%             | 2033-04-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Mainbeach Funding LLC                                                           | Mainbeach Funding LLC                                                         | CUSIP: 56037BVB7<br>LEI: 635400CWJW29VERCBI90 | Long             | STIV             | CORP              | IE        |   3500000 | PA      | $3495328.20   | 0.20%             | 2025-08-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust Inc                                               | Citigroup Mortgage Loan Trust, Inc.                                           | CUSIP: 17326QAA1<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |    382775 | PA      | $375362.69    | 0.02%             | 2064-09-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                                                          | Pacific Gas & Electric Co.                                                    | CUSIP: 694308JG3<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   2121000 | PA      | $1851742.21   | 0.11%             | 2031-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                                 | CVS Health Corp.                                                              | CUSIP: 126650EE6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2614000 | PA      | $2574609.45   | 0.15%             | 2044-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BXG Receivables Note Trust                                                      | BXG Receivables Note Trust                                                    | CUSIP: 123919AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3055849 | PA      | $3096283.83   | 0.18%             | 2038-11-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION INSURC INC                                                        | Constellation Insurance, Inc.                                                 | CUSIP: 67740QAH9<br>LEI: 549300K609B872PZT291 | Long             | DBT              | CORP              | US        |   7344000 | PA      | $7243416.14   | 0.42%             | 2030-01-24      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                                          | Merrill Lynch Mortgage Investors Trust                                        | CUSIP: 59020UAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     25647 | PA      | $24333.99     | 0.00%             | 2034-02-25      | Variable      | 6.22%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                       | Uniform Mortgage-Backed Security                                              | CUSIP: 01F030686<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  61121000 | PA      | $52298300.39  | 3.01%             | 2055-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                       | Towd Point Mortgage Trust                                                     | CUSIP: 89177BAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4718583 | PA      | $4566434.05   | 0.26%             | 2058-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64828MAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1767362 | PA      | $1706921.84   | 0.10%             | 2057-04-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31416CCW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1907349 | PA      | $1887992.44   | 0.11%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 912828Z94<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8072700 | PA      | $7265430.00   | 0.42%             | 2030-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co                                                                 | DTE Electric Co.                                                              | CUSIP: 23338VAD8<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | DBT              | CORP              | US        |   5187000 | PA      | $4352788.85   | 0.25%             | 2044-07-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                                          | GE HealthCare Technologies, Inc.                                              | CUSIP: 36266GAC1<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   1566000 | PA      | $1598492.73   | 0.09%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31402RN21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11350 | PA      | $11643.64     | 0.00%             | 2035-08-01      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CDG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4554000 | PA      | $4389629.06   | 0.25%             | 2026-10-31      | Fixed         | 1.13%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                                    | Synopsys, Inc.                                                                | CUSIP: 871607AG2<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   1209000 | PA      | $1192175.48   | 0.07%             | 2055-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank PLC                                                                 | Lloyds Bank PLC                                                               | CUSIP: 53943RZF9<br>LEI: H7FNTJ4851HG0EXQ1Z70 | Long             | STIV             | CORP              | GB        |  12700000 | PA      | $12487893.49  | 0.72%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                                          | Merrill Lynch Mortgage Investors Trust                                        | CUSIP: 59020UXK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     28680 | PA      | $25481.69     | 0.00%             | 2035-07-25      | Variable      | 5.69%                 | No            |                  2 | On Loan: No      |
| Fixed Income Clearing Corp                                                      | FIXED INC CLEARING CORP.REPO                                                  | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  23802265 | PA      | $23802264.58  | 1.37%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CFM8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3536000 | PA      | $3551055.62   | 0.20%             | 2027-09-30      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                                                      | Fiserv, Inc.                                                                  | CUSIP: 337738BD9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   2134000 | PA      | $2181083.32   | 0.13%             | 2028-03-02      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                                                           | Keysight Technologies, Inc.                                                   | CUSIP: 49338LAE3<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |   1461000 | PA      | $1462629.69   | 0.08%             | 2027-04-06      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust Llc                                                         | SCF Equipment Trust LLC                                                       | CUSIP: 78437DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3800000 | PA      | $3866687.34   | 0.22%             | 2033-11-21      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XKTV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8941987 | PA      | $8744588.27   | 0.50%             | 2053-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                                                        | Corebridge Financial, Inc.                                                    | CUSIP: 21871XAS8<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   1697000 | PA      | $1761285.67   | 0.10%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARROW ELECTRONICS INC                                                           | Arrow Electronics, Inc.                                                       | CUSIP: 04273WAE1<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |   1923000 | PA      | $1977470.65   | 0.11%             | 2034-04-10      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNITED PARCEL SERVICE                                                           | United Parcel Service, Inc.                                                   | CUSIP: 911312CJ3<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   1778000 | PA      | $1807029.17   | 0.10%             | 2035-05-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810SD1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3727300 | PA      | $2723986.54   | 0.16%             | 2048-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RGA GLOBAL FUNDING                                                              | RGA Global Funding                                                            | CUSIP: 76209PAF0<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   4215000 | PA      | $4232032.22   | 0.24%             | 2031-12-06      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                   | Citigroup, Inc.                                                               | CUSIP: 17327CAR4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1395000 | PA      | $1458837.56   | 0.08%             | 2034-05-25      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| RENAISSANCERE HOLDINGS L                                                        | RenaissanceRe Holdings Ltd.                                                   | CUSIP: 75968NAG6<br>LEI: EK6GB9U3U58PDI411C94 | Long             | DBT              | CORP              | BM        |    671000 | PA      | $689625.87    | 0.04%             | 2035-04-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XKP38<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10296537 | PA      | $10268717.96  | 0.59%             | 2053-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust                                                        | JPMorgan Mortgage Trust                                                       | CUSIP: 46629AAM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150014 | PA      | $45506.38     | 0.00%             | 2036-08-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810UA4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7463000 | PA      | $7142615.72   | 0.41%             | 2054-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XPDG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14516248 | PA      | $14175951.30  | 0.82%             | 2054-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                             | JPMorgan Chase & Co.                                                          | CUSIP: 46647PEH5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1329000 | PA      | $1393830.91   | 0.08%             | 2035-04-22      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| AVOLON HOLDINGS FNDG LTD                                                        | Avolon Holdings Funding Ltd.                                                  | CUSIP: 05401AAV3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   4309000 | PA      | $4435828.82   | 0.26%             | 2029-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 61747YFL4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1815000 | PA      | $1859233.89   | 0.11%             | 2035-01-18      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                       | Uniform Mortgage-Backed Security                                              | CUSIP: 01F050684<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  14818000 | PA      | $14420843.22  | 0.83%             | 2054-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5238000 | PA      | $4210247.10   | 0.24%             | 2053-05-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES                                                           | Keysight Technologies, Inc.                                                   | CUSIP: 49338LAG8<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |   1211000 | PA      | $1190296.33   | 0.07%             | 2034-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | Energy Transfer LP                                                            | CUSIP: 29273RAZ2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    824000 | PA      | $794937.17    | 0.05%             | 2043-10-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                       | Towd Point Mortgage Trust                                                     | CUSIP: 89176EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    780984 | PA      | $771240.85    | 0.04%             | 2058-01-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                                             | General Electric Co.                                                          | CUSIP: 369604BZ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $2129789.46   | 0.12%             | 2030-07-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                    | Hilton Grand Vacations Trust                                                  | CUSIP: 43283YAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1226488 | PA      | $1240576.93   | 0.07%             | 2039-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31402DGM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     78934 | PA      | $81069.19     | 0.00%             | 2034-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ONCOR ELECTRIC DELIVERY                                                         | Oncor Electric Delivery Co. LLC                                               | CUSIP: 68233JAS3<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |    502000 | PA      | $482151.01    | 0.03%             | 2042-06-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3138ELMZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     55236 | PA      | $54385.19     | 0.00%             | 2028-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CHENIERE ENERGY PARTNERS                                                        | Cheniere Energy Partners LP                                                   | CUSIP: 16411QAQ4<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |   4010000 | PA      | $4185760.99   | 0.24%             | 2033-06-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                                                    | Comcast Corp.                                                                 | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1032000 | PA      | $596203.02    | 0.03%             | 2056-11-01      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE SERVICE CORP                                                        | Health Care Service Corp. A Mutual Legal Reserve Co.                          | CUSIP: 42218SAM0<br>LEI: 549300TMJ1FKCKECR148 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1057971.78   | 0.06%             | 2054-06-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC RAILWAY                                                        | Canadian Pacific Railway Co.                                                  | CUSIP: 13645RBF0<br>LEI: 54930036474DURYNB481 | Long             | DBT              | CORP              | CA        |   5648000 | PA      | $4940183.32   | 0.28%             | 2031-12-02      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31410FRW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     76070 | PA      | $78116.62     | 0.00%             | 2036-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NBCUniversal Media LLC                                                          | NBCUniversal Media LLC                                                        | CUSIP: 63946BAJ9<br>LEI: VTBDOQJ6KOGQ6K786R46 | Long             | DBT              | CORP              | US        |   2137000 | PA      | $1821473.62   | 0.10%             | 2043-01-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                                                 | MVW LLC                                                                       | CUSIP: 62848PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2328407 | PA      | $2334445.37   | 0.13%             | 2040-10-20      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CJN2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13921000 | PA      | $14124377.18  | 0.81%             | 2028-11-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FORTITUDE GROUP HOLDINGS                                                        | Fortitude Group Holdings LLC                                                  | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |   1254000 | PA      | $1285668.29   | 0.07%             | 2030-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IndyMac INDX Mortgage Loan Trust                                                | IndyMac INDX Mortgage Loan Trust                                              | CUSIP: 45669JAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    242640 | PA      | $170375.69    | 0.01%             | 2037-08-25      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                        | Ford Motor Credit Co. LLC                                                     | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4184000 | PA      | $4163182.01   | 0.24%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                                                              | Banco Santander SA                                                            | CUSIP: 05964HBA2<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2400000 | PA      | $2433927.19   | 0.14%             | 2028-03-14      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Atlantic Asset Securitization LLC                                               | Atlantic Asset Securitization LLC                                             | CUSIP: 04821TWN1<br>LEI: 549300BUNY5BIX4CVW20 | Long             | STIV             | CORP              | US        |   8000000 | PA      | $7948240.80   | 0.46%             | 2025-09-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOARDWALK PIPELINES LP                                                          | Boardwalk Pipelines LP                                                        | CUSIP: 096630AH1<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |   1991000 | PA      | $1839230.81   | 0.11%             | 2031-02-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31410K3E2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15508 | PA      | $16165.26     | 0.00%             | 2038-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                         | Hyundai Capital America                                                       | CUSIP: 44891ADX2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4233000 | PA      | $4297677.49   | 0.25%             | 2032-06-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| MARKEL GROUP INC                                                                | Markel Group, Inc.                                                            | CUSIP: 570535AY0<br>LEI: 549300SCNO12JLWIK605 | Long             | DBT              | CORP              | US        |   1732000 | PA      | $1724584.16   | 0.10%             | 2054-05-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                                                             | Cardinal Health, Inc.                                                         | CUSIP: 14149YBP2<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1898147.23   | 0.11%             | 2034-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                       | Towd Point Mortgage Trust                                                     | CUSIP: 89180YAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4666882 | PA      | $4442558.46   | 0.26%             | 2062-09-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | Energy Transfer LP                                                            | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    857000 | PA      | $878175.18    | 0.05%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3584000 | PA      | $3467240.02   | 0.20%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Sheffield Receivables Co LLC                                                    | Sheffield Receivables Co. LLC                                                 | CUSIP: 82124LWA6<br>LEI: 549300MYF6MOTU9T3G29 | Long             | STIV             | CORP              | US        |   3425000 | PA      | $3407847.26   | 0.20%             | 2025-09-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HEICO CORP                                                                      | HEICO Corp.                                                                   | CUSIP: 422806AB5<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | DBT              | CORP              | US        |   3008000 | PA      | $3066541.40   | 0.18%             | 2033-08-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                       | Uniform Mortgage-Backed Security                                              | CUSIP: 01F052680<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  40400000 | PA      | $40186112.30  | 2.31%             | 2054-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                           | Wells Fargo & Co.                                                             | CUSIP: 95000U3F8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3281000 | PA      | $3385713.31   | 0.19%             | 2034-07-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                                                             | Quanta Services, Inc.                                                         | CUSIP: 74762EAL6<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |    629000 | PA      | $635606.45    | 0.04%             | 2034-08-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                              | Alternative Loan Trust                                                        | CUSIP: 12668ACZ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    273729 | PA      | $242450.52    | 0.01%             | 2035-11-20      | Floating      | 4.53%                 | No            |                  2 | On Loan: No      |
| MERCK & CO INC                                                                  | Merck & Co., Inc.                                                             | CUSIP: 58933YBM6<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   1087000 | PA      | $988595.61    | 0.06%             | 2053-05-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CGH8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5089000 | PA      | $5041091.85   | 0.29%             | 2028-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | Oracle Corp.                                                                  | CUSIP: 68389XCK9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2702000 | PA      | $2963925.83   | 0.17%             | 2052-11-09      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64830GAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    544662 | PA      | $528359.63    | 0.03%             | 2057-12-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust                                                    | CSMC Trust                                                                    | CUSIP: 12657GAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2934002 | PA      | $2634880.05   | 0.15%             | 2060-10-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                               | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 82653CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1310554 | PA      | $1314598.20   | 0.08%             | 2042-01-21      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                            | Bank of America Corp.                                                         | CUSIP: 06051GMW6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4869000 | PA      | $4982118.36   | 0.29%             | 2036-05-09      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128JM3C9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4647 | PA      | $4765.63      | 0.00%             | 2034-12-01      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                         | Municipal Electric Authority of Georgia                                       | CUSIP: 626207YF5<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    260000 | PA      | $278674.01    | 0.02%             | 2057-04-01      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                                                        | Vistra Operations Co. LLC                                                     | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2311879.58   | 0.13%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                        | Government National Mortgage Association, Interest Only STRIPS                | CUSIP: 38378BM71<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1883834 | PA      | $28097.39     | 0.00%             | 2053-02-16      | Variable      | 0.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31413NJ63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       373 | PA      | $371.30       | 0.00%             | 2037-08-01      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31403V4K2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       477 | PA      | $483.55       | 0.00%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31406H3D7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2156 | PA      | $2207.67      | 0.00%             | 2035-01-01      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31417SBN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    960036 | PA      | $965662.58    | 0.06%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTUIT INC                                                                      | Intuit, Inc.                                                                  | CUSIP: 46124HAH9<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | DBT              | CORP              | US        |   1146000 | PA      | $1134690.62   | 0.07%             | 2053-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3138X4FZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    164403 | PA      | $161106.65    | 0.01%             | 2028-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64829KBV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1272283 | PA      | $1226377.12   | 0.07%             | 2057-03-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                                 | SBA Tower Trust                                                               | CUSIP: 78403DAP5<br>LEI: N/A                  | Long             | DBT              |  | US        |   1044000 | PA      | $1029990.67   | 0.06%             | 2026-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                                                               | Expedia Group, Inc.                                                           | CUSIP: 30212PBL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3447000 | PA      | $3471408.17   | 0.20%             | 2035-02-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                          | PNC Financial Services Group, Inc.                                            | CUSIP: 693475BW4<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    510000 | PA      | $529154.75    | 0.03%             | 2035-01-22      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                              | Energy Transfer LP                                                            | CUSIP: 29273RBF5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1064000 | PA      | $931583.60    | 0.05%             | 2045-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| GTA Funding LLC                                                                 | GTA Funding LLC                                                               | CUSIP: 40060WVU3<br>LEI: 254900AKBBBSYOV90641 | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9965947.00   | 0.57%             | 2025-08-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                                                             | Petroleos Mexicanos                                                           | CUSIP: 71654QCB6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |   1410000 | PA      | $1415662.59   | 0.08%             | 2026-08-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| GXO LOGISTICS INC                                                               | GXO Logistics, Inc.                                                           | CUSIP: 36262GAG6<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   1701000 | PA      | $1785099.07   | 0.10%             | 2034-05-06      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CMM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1957900 | PA      | $2000423.14   | 0.12%             | 2035-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                               | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 826943AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2206799 | PA      | $2214052.80   | 0.13%             | 2040-01-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                                                        | EQT Corp.                                                                     | CUSIP: 26884LAY5<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1216000 | PA      | $1251948.26   | 0.07%             | 2029-04-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128QHTU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      3803 | PA      | $3802.64      | 0.00%             | 2037-05-01      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                                             | Gilead Sciences, Inc.                                                         | CUSIP: 375558CC5<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   2852000 | PA      | $2872079.76   | 0.17%             | 2035-06-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                       | Uniform Mortgage-Backed Security                                              | CUSIP: 01F032682<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  26842000 | PA      | $23976032.69  | 1.38%             | 2054-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC                                                             | Ashtead Capital, Inc.                                                         | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   2700000 | PA      | $2728907.36   | 0.16%             | 2033-05-30      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                                    | Centene Corp.                                                                 | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   2033000 | PA      | $1830409.31   | 0.11%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS CO                                                             | Vulcan Materials Co.                                                          | CUSIP: 929160BC2<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |   2156000 | PA      | $2189075.00   | 0.13%             | 2034-12-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                       | Uniform Mortgage-Backed Security                                              | CUSIP: 01F060683<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  16297000 | PA      | $16522254.36  | 0.95%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ALCON FINANCE CORP                                                              | Alcon Finance Corp.                                                           | CUSIP: 01400EAF0<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |    871000 | PA      | $869405.94    | 0.05%             | 2052-12-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance II LLC                                                         | Bayer U.S. Finance II LLC                                                     | CUSIP: 07274NAL7<br>LEI: 529900XWNEXYNJ3X6T40 | Long             | DBT              | CORP              | US        |   2554000 | PA      | $2523067.74   | 0.15%             | 2028-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC                                                              | Conagra Brands, Inc.                                                          | CUSIP: 205887CK6<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   2146000 | PA      | $2149789.15   | 0.12%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| 321 Henderson Receivables LLC                                                   | JG Wentworth XXI LLC                                                          | CUSIP: 466159AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    133889 | PA      | $132619.26    | 0.01%             | 2048-01-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| Accelerated Assets                                                              | Accelerated LLC                                                               | CUSIP: 00439KAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    342363 | PA      | $317159.81    | 0.02%             | 2040-10-20      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128QJG42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     97507 | PA      | $100172.16    | 0.01%             | 2035-09-01      | Floating      | 7.48%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                    | Hilton Grand Vacations Trust                                                  | CUSIP: 43283JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1590131 | PA      | $1611015.68   | 0.09%             | 2038-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                                                                    | Hudson Yards Mortgage Trust                                                   | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3540000 | PA      | $3629000.56   | 0.21%             | 2040-01-13      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                                                           | Uber Technologies, Inc.                                                       | CUSIP: 90353TAP5<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   1356000 | PA      | $1331900.90   | 0.08%             | 2034-09-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Liberty Street Funding LLC                                                      | Liberty Street Funding LLC                                                    | CUSIP: 53127TW25<br>LEI: 549300F33VRHM10B9391 | Long             | STIV             | CORP              | US        |   4700000 | PA      | $4681121.04   | 0.27%             | 2025-09-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64828AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    214681 | PA      | $207331.12    | 0.01%             | 2054-01-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                       | Towd Point Mortgage Trust                                                     | CUSIP: 89179JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2085611 | PA      | $1882148.62   | 0.11%             | 2060-10-25      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31371MSG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1428 | PA      | $1433.05      | 0.00%             | 2036-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mont Blanc Capital Corp                                                         | Mont Blanc Capital Corp.                                                      | CUSIP: 6117P4WF3<br>LEI: 549300NC8BUDZTUFIQ67 | Long             | STIV             | CORP              | US        |  14800000 | PA      | $14716992.72  | 0.85%             | 2025-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                                                              | Dominican Republic International Bonds                                        | CUSIP: 25714PEZ7<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |   4856000 | PA      | $4926412.00   | 0.28%             | 2036-06-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64828GAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1321683 | PA      | $1243240.65   | 0.07%             | 2059-09-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                                           | Aon North America, Inc.                                                       | CUSIP: 03740MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1892000 | PA      | $1935339.67   | 0.11%             | 2034-03-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                                  | Morgan Stanley                                                                | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   6931000 | PA      | $7182116.65   | 0.41%             | 2030-04-18      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                               | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 826944AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2176332 | PA      | $2230770.24   | 0.13%             | 2040-09-20      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64830WAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    987558 | PA      | $918547.46    | 0.05%             | 2058-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| ADVANCED MICRO DEVICES                                                          | Advanced Micro Devices, Inc.                                                  | CUSIP: 007903BF3<br>LEI: R2I72C950HOYXII45366 | Long             | DBT              | CORP              | US        |   2289000 | PA      | $2206697.11   | 0.13%             | 2032-06-01      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| Manhattan West                                                                  | Manhattan West Mortgage Trust                                                 | CUSIP: 563136AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3465000 | PA      | $3267127.02   | 0.19%             | 2039-09-10      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                    | Enbridge, Inc.                                                                | CUSIP: 29250NCJ2<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1907000 | PA      | $1923733.64   | 0.11%             | 2030-06-20      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| CAPITAL ONE FINANCIAL CO                                                        | Capital One Financial Corp.                                                   | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |    944000 | PA      | $969117.30    | 0.06%             | 2036-01-30      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810QB7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7885000 | PA      | $7598244.71   | 0.44%             | 2039-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                                        | Occidental Petroleum Corp.                                                    | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1484000 | PA      | $1487610.57   | 0.09%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31402CTT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    136149 | PA      | $140022.40    | 0.01%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                                                                   | Carnival Corp.                                                                | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1946000 | PA      | $1980523.99   | 0.11%             | 2033-02-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                                               | Sierra Timeshare Receivables Funding LLC                                      | CUSIP: 826935AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3136832 | PA      | $3146874.47   | 0.18%             | 2043-01-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3138XKSX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    114902 | PA      | $112943.78    | 0.01%             | 2029-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                                                          | UnitedHealth Group, Inc.                                                      | CUSIP: 91324PFJ6<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1925533.65   | 0.11%             | 2034-07-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                                 | SBA Tower Trust                                                               | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | DBT              |  | US        |   5961000 | PA      | $5738280.35   | 0.33%             | 2026-11-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO                                                            | Diameter Capital CLO 1 Ltd.                                                   | CUSIP: 25255DAL4<br>LEI: 25490018I1ROE4V49X69 | Long             | ABS-CBDO         | CORP              | KY        |   4000000 | PA      | $4018948.00   | 0.23%             | 2037-10-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| QUALCOMM INC                                                                    | QUALCOMM, Inc.                                                                | CUSIP: 747525BJ1<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   1824000 | PA      | $1247950.89   | 0.07%             | 2050-05-20      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                       | Towd Point Mortgage Trust                                                     | CUSIP: 89178BAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6450236 | PA      | $6164261.83   | 0.35%             | 2059-10-25      | Variable      | 2.90%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                                                | Hewlett Packard Enterprise Co.                                                | CUSIP: 42824CBV0<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   3582000 | PA      | $3474887.67   | 0.20%             | 2034-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                       | Uniform Mortgage-Backed Security                                              | CUSIP: 01F022683<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  86115000 | PA      | $70547637.52  | 4.06%             | 2054-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MUNICH RE                                                                       | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen                     | CUSIP: 62582PAA8<br>LEI: 529900MUF4C20K50JS49 | Long             | DBT              | CORP              | DE        |   2000000 | PA      | $2045000.00   | 0.12%             | 2042-05-23      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EXTRA SPACE STORAGE LP                                                          | Extra Space Storage LP                                                        | CUSIP: 30225VAU1<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              |  | US        |   3468000 | PA      | $3475610.94   | 0.20%             | 2035-06-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CADENCE DESIGN SYS INC                                                          | Cadence Design Systems, Inc.                                                  | CUSIP: 127387AP3<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1723279.18   | 0.10%             | 2034-09-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SHELL FINANCE US INC                                                            | Shell Finance U.S., Inc.                                                      | CUSIP: 822905AH8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1821000 | PA      | $1390097.90   | 0.08%             | 2046-09-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY                                                          | Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC          | CUSIP: 01309QAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    416000 | PA      | $424018.82    | 0.02%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3972000 | PA      | $2390026.88   | 0.14%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NUTRIEN LTD                                                                     | Nutrien Ltd.                                                                  | CUSIP: 67077MBA5<br>LEI: 5493002QQ7GD21OWF963 | Long             | DBT              | CORP              | CA        |   1903000 | PA      | $1923517.63   | 0.11%             | 2028-03-27      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| TotalEnergies Capital SA                                                        | TotalEnergies Capital SA                                                      | CUSIP: 89152EW20<br>LEI: 529900QI55ZLJVCMPA71 | Long             | STIV             | CORP              | FR        |  20000000 | PA      | $19920012.00  | 1.15%             | 2025-09-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                       | Towd Point Mortgage Trust                                                     | CUSIP: 89175TAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1787749 | PA      | $1684518.17   | 0.10%             | 2058-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FDG/NXP USA                                                          | NXP BV/NXP Funding LLC/NXP USA, Inc.                                          | CUSIP: 62954HAN8<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |   1240000 | PA      | $798159.07    | 0.05%             | 2051-11-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                | T-Mobile USA, Inc.                                                            | CUSIP: 87264ABW4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2683000 | PA      | $2515165.74   | 0.14%             | 2031-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11321100 | PA      | $8048152.33   | 0.46%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810RE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3382600 | PA      | $2862393.13   | 0.16%             | 2044-02-15      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC                                                               | Brown & Brown, Inc.                                                           | CUSIP: 115236AL5<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    874000 | PA      | $884025.11    | 0.05%             | 2032-06-23      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                                     | Oracle Corp.                                                                  | CUSIP: 68389XBZ7<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   2168000 | PA      | $1694980.19   | 0.10%             | 2041-03-25      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| SITIOS LATINOAMERICA                                                            | Sitios Latinoamerica SAB de CV                                                | CUSIP: 82983PAA1<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | MX        |   2021000 | PA      | $2069099.80   | 0.12%             | 2029-11-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CLJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9244000 | PA      | $9086924.20   | 0.52%             | 2031-08-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST                                                         | Starwood Property Trust, Inc.                                                 | CUSIP: 85571BBC8<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              |  | US        |   1423000 | PA      | $1436971.38   | 0.08%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CIM Trust                                                                       | CIM Trust                                                                     | CUSIP: 12567RAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3695258 | PA      | $3290369.43   | 0.19%             | 2061-07-25      | Variable      | 1.43%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140QRW66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10679251 | PA      | $10477878.61  | 0.60%             | 2053-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Inflation-Protected Indexed Bonds                               | CUSIP: 912810PV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4781219 | PA      | $4834635.60   | 0.28%             | 2028-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 31402RDH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    590745 | PA      | $605689.29    | 0.03%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64828YAR2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    173663 | PA      | $165073.29    | 0.01%             | 2054-05-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| KLA CORP                                                                        | KLA Corp.                                                                     | CUSIP: 482480AJ9<br>LEI: 549300H0BF5JCG96TJ81 | Long             | DBT              | CORP              | US        |   2277000 | PA      | $1576668.94   | 0.09%             | 2050-03-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4260000 | PA      | $3996412.50   | 0.23%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                                                                  | ICG U.S. CLO Ltd.                                                             | CUSIP: 44928XAY0<br>LEI: 25490053S2JSJU63Y978 | Long             | ABS-CBDO         | CORP              | KY        |   7305000 | PA      | $7314898.28   | 0.42%             | 2034-10-20      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION                                                        | Hess Midstream Operations LP                                                  | CUSIP: 428102AG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1923000 | PA      | $1980884.22   | 0.11%             | 2029-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3132DWGZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3809721 | PA      | $3796189.39   | 0.22%             | 2053-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                                                                | NTT Finance Corp.                                                             | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   2043000 | PA      | $2047313.37   | 0.12%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| QUANTA SERVICES INC                                                             | Quanta Services, Inc.                                                         | CUSIP: 74762EAF9<br>LEI: SHVRXXEACT60MMH07S24 | Long             | DBT              | CORP              | US        |   2647000 | PA      | $2433196.73   | 0.14%             | 2030-10-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                       | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F020687<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  27045000 | PA      | $21151498.56  | 1.22%             | 2054-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                          | Canadian Imperial Bank of Commerce                                            | CUSIP: 13607PVQ4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   2971000 | PA      | $3037032.08   | 0.17%             | 2031-01-13      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                                                        | Prudential Financial, Inc.                                                    | CUSIP: 744320BH4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   3601000 | PA      | $3287505.22   | 0.19%             | 2050-10-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                                | RALI Trust                                                                    | CUSIP: 74923LAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    224432 | PA      | $204562.96    | 0.01%             | 2047-05-25      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810SF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5240000 | PA      | $3812100.00   | 0.22%             | 2049-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                       | Uniform Mortgage-Backed Security                                              | CUSIP: 01F042681<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  34302000 | PA      | $32535232.61  | 1.87%             | 2054-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810RZ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10582000 | PA      | $7433028.33   | 0.43%             | 2047-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                                                            | Glencore Funding LLC                                                          | CUSIP: 378272BG2<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   2582000 | PA      | $2272060.13   | 0.13%             | 2031-09-23      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                                                             | American Express Co.                                                          | CUSIP: 025816DU0<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2793000 | PA      | $2896693.50   | 0.17%             | 2030-04-25      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                                                       | Boeing Co.                                                                    | CUSIP: 097023CE3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   2319000 | PA      | $1818224.03   | 0.10%             | 2039-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                        | OBX Trust                                                                     | CUSIP: 67119FAA1<br>LEI: 254900FVMB3WTXJGGR91 | Long             | ABS-MBS          | CORP              | US        |   3580358 | PA      | $3606834.12   | 0.21%             | 2064-03-25      | Variable      | 6.24%                 | No            |                  2 | On Loan: No      |
| Starbird Funding Corp                                                           | Starbird Funding Corp.                                                        | CUSIP: 85520LV44<br>LEI: 549300A8DDPP6QJBB522 | Long             | STIV             | CORP              | US        |  10021000 | PA      | $10016154.85  | 0.58%             | 2025-08-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                            | M&T Bank Corp.                                                                | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   2801000 | PA      | $2833061.90   | 0.16%             | 2031-07-08      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                                                    | ADT Security Corp.                                                            | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   1958000 | PA      | $1873081.15   | 0.11%             | 2029-08-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| CITADEL LP                                                                      | Citadel LP                                                                    | CUSIP: 17288XAD6<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |    747000 | PA      | $769743.33    | 0.04%             | 2030-01-23      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES LP                                                              | VICI Properties LP                                                            | CUSIP: 925650AC7<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              |  | US        |   4298000 | PA      | $4316174.35   | 0.25%             | 2030-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| CSL FINANCE PLC                                                                 | CSL Finance PLC                                                               | CUSIP: 12661PAD1<br>LEI: 2549007CCNBNAF4HBC02 | Long             | DBT              | CORP              | GB        |   1755000 | PA      | $1560271.22   | 0.09%             | 2042-04-27      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                            | M&T Bank Corp.                                                                | CUSIP: 55261FAV6<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1032000 | PA      | $1028252.83   | 0.06%             | 2036-01-16      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Schlumberger Holdings Corp                                                      | Schlumberger Holdings Corp.                                                   | CUSIP: 80686DWV2<br>LEI: 529900IKZG65COT1D505 | Long             | STIV             | CORP              | US        |   3150000 | PA      | $3126427.61   | 0.18%             | 2025-09-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC                                                                | COLT Mortgage Loan Trust                                                      | CUSIP: 12665LAA2<br>LEI: 213800Z2Q6LED8DB8K38 | Long             | ABS-MBS          | CORP              | US        |   2580346 | PA      | $2593845.59   | 0.15%             | 2069-04-25      | Variable      | 6.13%                 | No            |                  2 | On Loan: No      |
| Mexico Government International Bonds                                           | Mexico Government International Bonds                                         | CUSIP: 91087BAE0<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   2481000 | PA      | $2430139.50   | 0.14%             | 2028-01-11      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Mainbeach Funding LLC                                                           | Mainbeach Funding LLC                                                         | CUSIP: 56037BVT8<br>LEI: 635400CWJW29VERCBI90 | Long             | STIV             | CORP              | IE        |   8100000 | PA      | $8073286.20   | 0.46%             | 2025-08-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| America Movil SAB de CV                                                         | America Movil SAB de CV                                                       | CUSIP: 02364WBE4<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |   2100000 | PA      | $1776245.58   | 0.10%             | 2042-07-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                                                                     | Viatris, Inc.                                                                 | CUSIP: 92556VAC0<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |   2493000 | PA      | $2372517.07   | 0.14%             | 2027-06-22      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates                                         | WaMu Mortgage Pass-Through Certificates Trust                                 | CUSIP: 92922FR75<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     14872 | PA      | $14581.51     | 0.00%             | 2045-07-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| ANHEUSER-BUSCH INBEV WOR                                                        | Anheuser-Busch InBev Worldwide, Inc.                                          | CUSIP: 03523TBT4<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   2669000 | PA      | $2256081.09   | 0.13%             | 2048-10-06      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64829EAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    698930 | PA      | $674800.78    | 0.04%             | 2055-08-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| HYATT HOTELS CORP                                                               | Hyatt Hotels Corp.                                                            | CUSIP: 448579AR3<br>LEI: T27JQIMTYSH41TCD5186 | Long             | DBT              | CORP              | US        |   2285000 | PA      | $2324929.55   | 0.13%             | 2029-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Swedbank AB                                                                     | Swedbank AB                                                                   | CUSIP: 87020WW24<br>LEI: M312WZV08Y7LYUC71685 | Long             | STIV             | CORP              | SE        |  17500000 | PA      | $17430868.00  | 1.00%             | 2025-09-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KIOXIA HOLDINGS CORP                                                            | Kioxia Holdings Corp.                                                         | CUSIP: 49726JAA6<br>LEI: 35380080RTKRARNH4R73 | Long             | DBT              | CORP              | JP        |   4949000 | PA      | $4930663.16   | 0.28%             | 2030-07-24      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810FG8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4300100 | PA      | $4501499.23   | 0.26%             | 2029-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SCHLUMBERGER HLDGS CORP                                                         | Schlumberger Holdings Corp.                                                   | CUSIP: 806851AK7<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |   2857000 | PA      | $2824720.39   | 0.16%             | 2028-05-17      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                                  | NRG Energy, Inc.                                                              | CUSIP: 629377CW0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    641000 | PA      | $642739.03    | 0.04%             | 2033-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| APPLOVIN CORP                                                                   | AppLovin Corp.                                                                | CUSIP: 03831WAD0<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | DBT              | CORP              | US        |   2593000 | PA      | $2622762.01   | 0.15%             | 2034-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                                                                  | Whirlpool Corp.                                                               | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   1031000 | PA      | $1028541.68   | 0.06%             | 2030-06-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| AON NORTH AMERICA INC                                                           | Aon North America, Inc.                                                       | CUSIP: 03740MAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2570000 | PA      | $2503450.11   | 0.14%             | 2054-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHEVRON USA INC                                                                 | Chevron USA, Inc.                                                             | CUSIP: 166756AS5<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   1852000 | PA      | $1780771.62   | 0.10%             | 2029-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GMAC Mortgage Corporation Loan Trust                                            | GMACM Mortgage Loan Trust                                                     | CUSIP: 76112BKN9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2275 | PA      | $2046.07      | 0.00%             | 2035-03-18      | Variable      | 4.07%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4944800 | PA      | $4836632.50   | 0.28%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN HOMES 4 RENT                                                           | American Homes 4 Rent LP                                                      | CUSIP: 02666TAG2<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              |  | US        |   2961000 | PA      | $3010159.05   | 0.17%             | 2034-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KENVUE INC                                                                      | Kenvue, Inc.                                                                  | CUSIP: 49177JAH5<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | DBT              | CORP              | US        |   3143000 | PA      | $3220355.67   | 0.19%             | 2030-03-22      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CLW9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4478000 | PA      | $4450012.50   | 0.26%             | 2034-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                                                        | Greensaif Pipelines Bidco SARL                                                | CUSIP: 39541EAD5<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |   1972000 | PA      | $2018382.96   | 0.12%             | 2036-02-23      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                                                                    | 7-Eleven, Inc.                                                                | CUSIP: 817826AE0<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |   3054000 | PA      | $2596863.08   | 0.15%             | 2031-02-10      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                                               | NatWest Group PLC                                                             | CUSIP: 639057AN8<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   3830000 | PA      | $3975679.45   | 0.23%             | 2035-03-01      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3140XKS76<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10355642 | PA      | $9841369.27   | 0.57%             | 2052-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                       | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F040685<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  35432000 | PA      | $32675573.94  | 1.88%             | 2054-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CHQ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9331000 | PA      | $9394057.13   | 0.54%             | 2028-07-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11330000 | PA      | $10492199.64  | 0.60%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Alt-A Trust                                                        | Bear Stearns ALT-A Trust                                                      | CUSIP: 07386HMW8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     20200 | PA      | $19409.38     | 0.00%             | 2034-11-25      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Lexington Parker Capital Co LLC                                                 | Lexington Parker Capital Co. LLC                                              | CUSIP: 52953AV85<br>LEI: 5493005MSQJBO8BDMA02 | Long             | STIV             | CORP              | US        |  16000000 | PA      | $15984494.40  | 0.92%             | 2025-08-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                                                                   | Allstate Corp.                                                                | CUSIP: 020002BK6<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |   1484000 | PA      | $1515959.35   | 0.09%             | 2033-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                                                                  | Lowe's Cos., Inc.                                                             | CUSIP: 548661EH6<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   3993000 | PA      | $3750134.88   | 0.22%             | 2032-04-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                              | Alternative Loan Trust                                                        | CUSIP: 12668ALH6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    335655 | PA      | $272979.18    | 0.02%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                                        | Avis Budget Rental Car Funding AESOP LLC                                      | CUSIP: 05377RHL1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1935000 | PA      | $1977252.27   | 0.11%             | 2028-08-21      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                       | Towd Point Mortgage Trust                                                     | CUSIP: 89179YAR4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2707336 | PA      | $2516350.48   | 0.14%             | 2061-11-25      | Variable      | 2.25%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust                                                       | Towd Point Mortgage Trust                                                     | CUSIP: 89181JAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6033541 | PA      | $5801079.78   | 0.33%             | 2063-01-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                                                 | BRAVO Residential Funding Trust                                               | CUSIP: 10569LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2647598 | PA      | $2665705.85   | 0.15%             | 2064-03-25      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                                                | MGM Resorts International                                                     | CUSIP: 552953CK5<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   3144000 | PA      | $3187097.95   | 0.18%             | 2029-09-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CFZ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5843100 | PA      | $5837850.33   | 0.34%             | 2027-11-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| NNN REIT INC                                                                    | NNN REIT, Inc.                                                                | CUSIP: 637417AU0<br>LEI: 5493008JKH5SOTI0JS97 | Long             | DBT              |  | US        |   4044000 | PA      | $4002876.97   | 0.23%             | 2031-02-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                              | Alternative Loan Trust                                                        | CUSIP: 02150EBG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    648087 | PA      | $294420.16    | 0.02%             | 2037-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810RS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15026000 | PA      | $10258179.73  | 0.59%             | 2046-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64830MAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    884617 | PA      | $835587.23    | 0.05%             | 2059-08-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Sheffield Receivables Co LLC                                                    | Sheffield Receivables Co. LLC                                                 | CUSIP: 82124LV66<br>LEI: 549300MYF6MOTU9T3G29 | Long             | STIV             | CORP              | US        |   8000000 | PA      | $7994190.40   | 0.46%             | 2025-08-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                                                        | OCP SA                                                                        | CUSIP: 67091TAF2<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |   2093000 | PA      | $2176869.57   | 0.13%             | 2034-05-02      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810UC0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4333600 | PA      | $3897531.50   | 0.22%             | 2054-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CDY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10587000 | PA      | $9236743.97   | 0.53%             | 2032-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Manhattan West                                                                  | Manhattan West Mortgage Trust                                                 | CUSIP: 563136AE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5024000 | PA      | $4716070.50   | 0.27%             | 2039-09-10      | Variable      | 2.33%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER                                                         | Pfizer Investment Enterprises Pte. Ltd.                                       | CUSIP: 716973AF9<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |   2808000 | PA      | $2658291.20   | 0.15%             | 2043-05-19      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                                    | Enbridge, Inc.                                                                | CUSIP: 29250NCC7<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3190000 | PA      | $3264409.65   | 0.19%             | 2034-04-05      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                                                           | Tennessee Valley Authority                                                    | CUSIP: 880591CS9<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   2768000 | PA      | $3034452.00   | 0.17%             | 2036-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 912828ZQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15724000 | PA      | $13461832.30  | 0.77%             | 2030-05-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                                                         | Imperial Brands Finance PLC                                                   | CUSIP: 45262BAK9<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   3370000 | PA      | $3373071.08   | 0.19%             | 2035-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| GULFSTREAM NATURAL GAS                                                          | Gulfstream Natural Gas System LLC                                             | CUSIP: 402740AG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1518000 | PA      | $1526694.04   | 0.09%             | 2035-07-23      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                                                    | CaixaBank SA                                                                  | CUSIP: 12803RAC8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   6634000 | PA      | $7293097.39   | 0.42%             | 2034-09-13      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                                                    | Ecopetrol SA                                                                  | CUSIP: 279158AW9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |   1496000 | PA      | $1489679.25   | 0.09%             | 2032-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                                                                       | Amgen, Inc.                                                                   | CUSIP: 031162DS6<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1781000 | PA      | $1759300.15   | 0.10%             | 2043-03-02      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                         | HCA, Inc.                                                                     | CUSIP: 404119CV9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2334000 | PA      | $2266360.89   | 0.13%             | 2054-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ELEMENT FLEET MANAGEMENT                                                        | Element Fleet Management Corp.                                                | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   4663000 | PA      | $4703118.40   | 0.27%             | 2030-03-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Structured Asset Mortgage Investments Inc                                       | Structured Asset Mortgage Investments II Trust                                | CUSIP: 86359LAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8712 | PA      | $8269.95      | 0.00%             | 2034-01-19      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128QSNS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6592 | PA      | $6784.18      | 0.00%             | 2037-09-01      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                          | Bank of New York Mellon Corp.                                                 | CUSIP: 06406YAB8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1109374.53   | 0.06%             | 2039-07-21      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| First National Master Note Trust                                                | First National Master Note Trust                                              | CUSIP: 32113CBY5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5315000 | PA      | $5392149.88   | 0.31%             | 2029-09-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| BUNGE LTD FINANCE CORP                                                          | Bunge Ltd. Finance Corp.                                                      | CUSIP: 120568BF6<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |   3323000 | PA      | $3207520.87   | 0.18%             | 2034-09-17      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                          | PNC Financial Services Group, Inc.                                            | CUSIP: 693475CE3<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1653000 | PA      | $1670129.59   | 0.10%             | 2036-07-21      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                                                        | OBX Trust                                                                     | CUSIP: 67448GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2665102 | PA      | $2666630.82   | 0.15%             | 2063-03-25      | Variable      | 6.11%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                        | Ford Motor Credit Co. LLC                                                     | CUSIP: 345397C43<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2182000 | PA      | $2199145.44   | 0.13%             | 2026-03-06      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3337000 | PA      | $3196741.72   | 0.18%             | 2055-02-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                                                       | Uniform Mortgage-Backed Security, TBA                                         | CUSIP: 01F032484<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   8413000 | PA      | $8059308.90   | 0.46%             | 2039-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Victory Receivables Corp                                                        | Victory Receivables Corp.                                                     | CUSIP: 92646KX23<br>LEI: 549300D0F37QF0LP7F94 | Long             | STIV             | CORP              | US        |   7000000 | PA      | $6946320.50   | 0.40%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 912828Z78<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5230000 | PA      | $5038165.22   | 0.29%             | 2027-01-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC/Charter Communications Operating Capital | CUSIP: 161175BT0<br>LEI: 549300TPZNMN50BJ3745 | Long             | DBT              | CORP              | US        |   2295000 | PA      | $1779508.00   | 0.10%             | 2050-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                                      | Federal National Mortgage Association                                         | CUSIP: 3138EH3N0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    364301 | PA      | $385443.27    | 0.02%             | 2040-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18221700 | PA      | $11543019.83  | 0.66%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust                                           | Wells Fargo Commercial Mortgage Trust                                         | CUSIP: 94989KAX1<br>LEI: 549300NYO16WLNMVJJ46 | Long             | ABS-MBS          | CORP              | US        |    867528 | PA      | $865346.16    | 0.05%             | 2048-06-15      | Variable      | 4.01%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd                                                                | CIFC Funding Ltd.                                                             | CUSIP: 12549BAY4<br>LEI: 2549009RG3XZEWMXDF59 | Long             | ABS-CBDO         | CORP              | KY        |   2928415 | PA      | $2931064.83   | 0.17%             | 2030-10-18      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Bonds                                                           | CUSIP: 912810TT5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4593000 | PA      | $4042737.06   | 0.23%             | 2053-08-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                                | T-Mobile USA, Inc.                                                            | CUSIP: 87264ABF1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2406000 | PA      | $2331974.50   | 0.13%             | 2030-04-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| MLCC Mortgage Investors Inc                                                     | Merrill Lynch Mortgage Investors Trust                                        | CUSIP: 5899292M9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1620 | PA      | $1577.49      | 0.00%             | 2028-10-25      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2014-2 A PTT                                                         | United Airlines Pass-Through Trust                                            | CUSIP: 90932QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1943394 | PA      | $1920646.53   | 0.11%             | 2026-09-03      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CCB5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7182900 | PA      | $6295419.02   | 0.36%             | 2031-05-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Nationstar Mortgage Loan Trust                                                  | Nationstar Mortgage Loan Trust                                                | CUSIP: 63861HAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    530532 | PA      | $504552.70    | 0.03%             | 2052-12-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Inflation-Protected Indexed Notes                               | CUSIP: 912828ZZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8329716 | PA      | $7833414.23   | 0.45%             | 2030-07-15      | Fixed         | 0.13%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                             | New Residential Mortgage Loan Trust                                           | CUSIP: 64829VAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4996308 | PA      | $4818405.39   | 0.28%             | 2057-12-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| ROYALTY PHARMA PLC                                                              | Royalty Pharma PLC                                                            | CUSIP: 78081BAK9<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   1832000 | PA      | $1620274.15   | 0.09%             | 2030-09-02      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Manhattan Asset Funding Co LLC                                                  | Manhattan Asset Funding Co. LLC                                               | CUSIP: 56274LXT6<br>LEI: 549300S0NSJYSOB32S63 | Long             | STIV             | CORP              | US        |   5800000 | PA      | $5737627.38   | 0.33%             | 2025-10-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                              | Ally Financial, Inc.                                                          | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    786000 | PA      | $800499.71    | 0.05%             | 2029-05-15      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6595000 | PA      | $6574905.83   | 0.38%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                     | Federal Home Loan Mortgage Corp.                                              | CUSIP: 3128UGL47<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      8858 | PA      | $9087.32      | 0.00%             | 2041-02-01      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                          | Philip Morris International, Inc.                                             | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2482000 | PA      | $2590043.54   | 0.15%             | 2029-11-17      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                                                          | Verizon Communications, Inc.                                                  | CUSIP: 92343VFX7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   1937000 | PA      | $1677109.38   | 0.10%             | 2030-10-30      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CMB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7784000 | PA      | $7801027.50   | 0.45%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Panama Government International Bonds                                           | Panama Government International Bonds                                         | CUSIP: 698299BF0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |    735000 | PA      | $711568.20    | 0.04%             | 2028-03-17      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN INTERNATIONAL                                                          | American International Group, Inc.                                            | CUSIP: 026874DX2<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   1278000 | PA      | $1305716.05   | 0.08%             | 2035-05-07      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                                        | Microchip Technology, Inc.                                                    | CUSIP: 595017BE3<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   2816000 | PA      | $2847812.27   | 0.16%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                                                    | Barclays PLC                                                                  | CUSIP: 06738ECS2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    968000 | PA      | $1004204.36   | 0.06%             | 2055-03-12      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | U.S. Treasury Notes                                                           | CUSIP: 91282CKP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3982000 | PA      | $4079683.44   | 0.23%             | 2029-04-30      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| SYSCO CORPORATION                                                               | Sysco Corp.                                                                   | CUSIP: 871829BV8<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |   1773000 | PA      | $1797995.43   | 0.10%             | 2035-03-23      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** TRANSAMERICA FUNDS

**Signature:** Joshua Durham

**Name of Signer:** Joshua Durham

**Title:** Chief Operating Officer and Interim Treasurer