# EDGAR Filing Document

**Accession Number:** 0000842790
**File Stem:** 0001752724-25-181694
**Filing Date:** 2025-7
**Character Count:** 531217
**Document Hash:** 6424fe2c92f422fec060d6190f3f6678
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-181694.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001752724-25-181694

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AIM INVESTMENT SECURITIES FUNDS (INVESCO INVESTMENT SECURITIES FUNDS)
- **CENTRAL INDEX KEY:** 0000842790

**ORGANIZATION NAME:**
- **EIN:** 760343427
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05686
- **FILM NUMBER:** 251158793

**BUSINESS ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046
- **BUSINESS PHONE:** 7136261919

**MAIL ADDRESS:**
- **STREET 1:** 11 GREENWAY PLAZA
- **STREET 2:** SUITE 1000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77046

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM INVESTMENT SECURITIES FUNDS
- **DATE OF NAME CHANGE:** 20000921

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM INVESTMENT SECURITIES FUNDS INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AIM PRIME RATE PREMIUM INCOME FUND INC
- **DATE OF NAME CHANGE:** 19910320

## Series and Classes Contracts Data

### INVESCO Short Term Bond Fund (Series ID: S000000256)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000000621 | Class A      | STBAX           |
| C000000622 | Class C      | STBCX           |
| C000000623 | Class R      | STBRX           |
| C000023124 | CLASS R5     | ISTBX           |
| C000071217 | Class Y      | STBYX           |
| C000120677 | Class R6     | ISTFX           |

## Nport-Ex

**Schedule of Investments**<sup>(a)</sup> 

*May 31, 2025*

*(Unaudited)*

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

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **U.S. Dollar Denominated Bonds & Notes–70.58%** | **U.S. Dollar Denominated Bonds & Notes–70.58%** | **U.S. Dollar Denominated Bonds & Notes–70.58%** | **U.S. Dollar Denominated Bonds & Notes–70.58%** |
| **Aerospace & Defense–1.13%** | **Aerospace & Defense–1.13%** | **Aerospace & Defense–1.13%** | **Aerospace & Defense–1.13%** |
| &nbsp;&nbsp;&nbsp; BAE Systems PLC (United Kingdom), <br> 5.00%, 03/26/2027<sup>(b)</sup> <br>|  | $1534000 | &nbsp;&nbsp; $1547263 |
| Boeing Co. (The), | Boeing Co. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 6.26%, 05/01/2027 |  | 930000 | &nbsp;&nbsp; 956285 |
| &nbsp;&nbsp;&nbsp; 6.30%, 05/01/2029<sup>(c)</sup> <br>|  | 1349000 | &nbsp;&nbsp; 1419267 |
| &nbsp;&nbsp;&nbsp; L3Harris Technologies, Inc., <br> 5.40%, 01/15/2027<br>|  | 4268000 | &nbsp;&nbsp; 4328447 |
| &nbsp;&nbsp;&nbsp; Lockheed Martin Corp., 4.50%, <br> 02/15/2029<br>|  | 1488000 | &nbsp;&nbsp; 1496510 |
| RTX Corp., | RTX Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/27/2026 |  | 654000 | &nbsp;&nbsp; 656351 |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/08/2026 |  | 5264000 | &nbsp;&nbsp; 5356032 |
| &nbsp;&nbsp;&nbsp; 5.75%, 01/15/2029 |  | 1409000 | &nbsp;&nbsp; 1469055 |
| TransDigm, Inc., | TransDigm, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 6.75%, 08/15/2028<sup>(b)</sup> <br>|  | 874000 | &nbsp;&nbsp; 890258 |
| &nbsp;&nbsp;&nbsp; 6.38%, 03/01/2029<sup>(b)</sup> <br>|  | 4621000 | &nbsp;&nbsp; 4702085 |
|  |  |  | &nbsp;&nbsp; 22821553 |
| **Agricultural & Farm Machinery–0.36%** | **Agricultural & Farm Machinery–0.36%** | **Agricultural & Farm Machinery–0.36%** | **Agricultural & Farm Machinery–0.36%** |
| AGCO Corp., 5.45%, 03/21/2027 |  | 1605000 | &nbsp;&nbsp; 1618498 |
| CNH Industrial Capital LLC, | CNH Industrial Capital LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 5.45%, 10/14/2025 |  | 2893000 | &nbsp;&nbsp; 2902817 |
| &nbsp;&nbsp;&nbsp; 4.75%, 03/21/2028 |  | 931000 | &nbsp;&nbsp; 933077 |
| John Deere Capital Corp., | John Deere Capital Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 09/08/2026 |  | 1246000 | &nbsp;&nbsp; 1260032 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/03/2028 |  | 573000 | &nbsp;&nbsp; 584189 |
|  |  |  | &nbsp;&nbsp; 7298613 |
| **Air Freight & Logistics–0.08%** | **Air Freight & Logistics–0.08%** | **Air Freight & Logistics–0.08%** | **Air Freight & Logistics–0.08%** |
| &nbsp;&nbsp;&nbsp; United Parcel Service, Inc., 4.65%, <br> 10/15/2030<br>|  | 1521000 | &nbsp;&nbsp; 1527070 |
| **Apparel Retail–0.02%** | **Apparel Retail–0.02%** | **Apparel Retail–0.02%** | **Apparel Retail–0.02%** |
| &nbsp;&nbsp;&nbsp; Gap, Inc. (The), 3.63%, <br> 10/01/2029<sup>(b)</sup> <br>|  | 472000 | &nbsp;&nbsp; 431594 |
| **Application Software–0.88%** | **Application Software–0.88%** | **Application Software–0.88%** | **Application Software–0.88%** |
| &nbsp;&nbsp;&nbsp; Cadence Design Systems, Inc., <br> 4.30%, 09/10/2029<sup>(c)</sup> <br>|  | 2579000 | &nbsp;&nbsp; 2562266 |
| &nbsp;&nbsp;&nbsp; Constellation Software, Inc. <br> (Canada), 5.16%, <br> 02/16/2029<sup>(b)(c)</sup> <br>|  | 1107000 | &nbsp;&nbsp; 1120874 |
| Intuit, Inc., | Intuit, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/15/2026<sup>(c)</sup> <br>|  | 3161000 | &nbsp;&nbsp; 3197115 |
| &nbsp;&nbsp;&nbsp; 5.13%, 09/15/2028<sup>(c)</sup> <br>|  | 5021000 | &nbsp;&nbsp; 5161006 |
| &nbsp;&nbsp;&nbsp; Open Text Corp. (Canada), 6.90%, <br> 12/01/2027<sup>(b)</sup> <br>|  | 411000 | &nbsp;&nbsp; 423567 |
| &nbsp;&nbsp;&nbsp; Roper Technologies, Inc., 4.50%, <br> 10/15/2029<br>|  | 1817000 | &nbsp;&nbsp; 1808347 |
| &nbsp;&nbsp;&nbsp; SS&C Technologies, Inc., 5.50%, <br> 09/30/2027<sup>(b)</sup> <br>|  | 737000 | &nbsp;&nbsp; 736639 |
| &nbsp;&nbsp;&nbsp; Synopsys, Inc., 4.85%, <br> 04/01/2030<sup>(c)</sup> <br>|  | 2795000 | &nbsp;&nbsp; 2823302 |
|  |  |  | &nbsp;&nbsp; 17833116 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Asset Management & Custody Banks–1.65%** | **Asset Management & Custody Banks–1.65%** | **Asset Management & Custody Banks–1.65%** | **Asset Management & Custody Banks–1.65%** |
| &nbsp;&nbsp;&nbsp; Ares Strategic Income Fund, <br> 5.70%, 03/15/2028<sup>(c)</sup> <br>|  | $2989000 | &nbsp;&nbsp; $2994661 |
| &nbsp;&nbsp;&nbsp; Bain Capital Specialty Finance, Inc., <br> 5.95%, 03/15/2030<br>|  | 520000 | &nbsp;&nbsp; 512868 |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon Corp. <br> (The), 4.98%, <br> 03/14/2030<sup>(c)(d)</sup> <br>|  | 1075000 | &nbsp;&nbsp; 1093605 |
| &nbsp;&nbsp;&nbsp; Blackstone Secured Lending Fund, <br> 5.88%, 11/15/2027<br>|  | 801000 | &nbsp;&nbsp; 814831 |
| &nbsp;&nbsp;&nbsp; Citadel L.P., 6.00%, <br> 01/23/2030<sup>(b)</sup> <br>|  | 417000 | &nbsp;&nbsp; 427043 |
| &nbsp;&nbsp;&nbsp; New Mountain Finance Corp., <br> 6.20%, 10/15/2027<br>|  | 5651000 | &nbsp;&nbsp; 5679786 |
| State Street Corp., | State Street Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 11/04/2026<sup>(d)</sup> <br>|  | 1125000 | &nbsp;&nbsp; 1130335 |
| &nbsp;&nbsp;&nbsp; 4.54%, 02/28/2028<sup>(c)</sup> <br>|  | 9023000 | &nbsp;&nbsp; 9095441 |
| &nbsp;&nbsp;&nbsp; 4.54%, 04/24/2028<sup>(d)</sup> <br>|  | 1360000 | &nbsp;&nbsp; 1363534 |
| &nbsp;&nbsp;&nbsp; 5.29% (SOFR + 0.95%), <br> 04/24/2028<sup>(e)</sup> <br>|  | 4504000 | &nbsp;&nbsp; 4528336 |
| &nbsp;&nbsp;&nbsp; 4.53%, 02/20/2029<sup>(d)</sup> <br>|  | 2704000 | &nbsp;&nbsp; 2712667 |
| &nbsp;&nbsp;&nbsp; 5.68%, 11/21/2029<sup>(c)(d)</sup> <br>|  | 2921000 | &nbsp;&nbsp; 3038223 |
|  |  |  | &nbsp;&nbsp; 33391330 |
| **Automobile Manufacturers–4.39%** | **Automobile Manufacturers–4.39%** | **Automobile Manufacturers–4.39%** | **Automobile Manufacturers–4.39%** |
| &nbsp;&nbsp;&nbsp; Allison Transmission, Inc., 4.75%, <br> 10/01/2027<sup>(b)(c)</sup> <br>|  | 4950000 | &nbsp;&nbsp; 4870181 |
| &nbsp;&nbsp;&nbsp; American Honda Finance Corp., <br> 5.80%, 10/03/2025<br>|  | 7315000 | &nbsp;&nbsp; 7344297 |
| &nbsp;&nbsp;&nbsp; Daimler Truck Finance North <br> America LLC (Germany), | &nbsp;&nbsp;&nbsp; Daimler Truck Finance North <br> America LLC (Germany), |  |  |
| &nbsp;&nbsp;&nbsp; 5.60%, 08/08/2025<sup>(b)</sup> <br>|  | 2485000 | &nbsp;&nbsp; 2488250 |
| &nbsp;&nbsp;&nbsp; 5.15%, 01/16/2026<sup>(b)</sup> <br>|  | 1946000 | &nbsp;&nbsp; 1950362 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/13/2028<sup>(b)(c)</sup> <br>|  | 794000 | &nbsp;&nbsp; 799037 |
| Ford Motor Credit Co. LLC, | Ford Motor Credit Co. LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 7.30% (SOFR + 2.95%), <br> 03/06/2026<sup>(e)</sup> <br>|  | 2980000 | &nbsp;&nbsp; 3000820 |
| &nbsp;&nbsp;&nbsp; 5.85%, 05/17/2027 |  | 7536000 | &nbsp;&nbsp; 7529201 |
| &nbsp;&nbsp;&nbsp; 5.92%, 03/20/2028<sup>(c)</sup> <br>|  | 1671000 | &nbsp;&nbsp; 1674845 |
| &nbsp;&nbsp;&nbsp; 6.80%, 11/07/2028 |  | 2198000 | &nbsp;&nbsp; 2245647 |
| Hyundai Capital America, | Hyundai Capital America, |  |  |
| &nbsp;&nbsp;&nbsp; 5.80%, 06/26/2025<sup>(b)</sup> <br>|  | 3509000 | &nbsp;&nbsp; 3510660 |
| &nbsp;&nbsp;&nbsp; 5.65%, 06/26/2026<sup>(b)</sup> <br>|  | 1484000 | &nbsp;&nbsp; 1497623 |
| &nbsp;&nbsp;&nbsp; 5.30%, 03/19/2027<sup>(b)</sup> <br>|  | 3061000 | &nbsp;&nbsp; 3083170 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/07/2028<sup>(b)(c)</sup> <br>|  | 7858000 | &nbsp;&nbsp; 7868279 |
| &nbsp;&nbsp;&nbsp; 5.60%, 03/30/2028<sup>(b)(c)</sup> <br>|  | 859000 | &nbsp;&nbsp; 874804 |
| &nbsp;&nbsp;&nbsp; 5.30%, 01/08/2030<sup>(b)(c)</sup> <br>|  | 2443000 | &nbsp;&nbsp; 2473287 |
| &nbsp;&nbsp;&nbsp; Hyundai Capital Services, Inc. <br> (South Korea), 5.25%, <br> 01/22/2028<sup>(b)</sup> <br>|  | 2243000 | &nbsp;&nbsp; 2266695 |
| &nbsp;&nbsp;&nbsp; Mercedes-Benz Finance North <br> America LLC (Germany), 5.38%, <br> 08/01/2025<sup>(b)</sup> <br>|  | 5048000 | &nbsp;&nbsp; 5050230 |
| Toyota Motor Credit Corp., | Toyota Motor Credit Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.60%, 09/11/2025 |  | 7552000 | &nbsp;&nbsp; 7575610 |
| &nbsp;&nbsp;&nbsp; 4.55%, 08/07/2026 |  | 5983000 | &nbsp;&nbsp; 5997281 |
| &nbsp;&nbsp;&nbsp; 4.55%, 08/09/2029<sup>(c)</sup> <br>|  | 1231000 | &nbsp;&nbsp; 1234165 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** | **Automobile Manufacturers–(continued)** |
| &nbsp;&nbsp;&nbsp; Volkswagen Group of America <br> Finance LLC (Germany), | &nbsp;&nbsp;&nbsp; Volkswagen Group of America <br> Finance LLC (Germany), |  |  |
| &nbsp;&nbsp;&nbsp; 5.80%, 09/12/2025<sup>(b)</sup> <br>|  | $6360000 | &nbsp;&nbsp; $6370585 |
| &nbsp;&nbsp;&nbsp; 5.40%, 03/20/2026<sup>(b)</sup> <br>|  | 6265000 | &nbsp;&nbsp; 6290731 |
| &nbsp;&nbsp;&nbsp; 4.90%, 08/14/2026<sup>(b)</sup> <br>|  | 2756000 | &nbsp;&nbsp; 2757326 |
|  |  |  | &nbsp;&nbsp; 88753086 |
| **Automotive Parts & Equipment–0.06%** | **Automotive Parts & Equipment–0.06%** | **Automotive Parts & Equipment–0.06%** | **Automotive Parts & Equipment–0.06%** |
| &nbsp;&nbsp;&nbsp; Clarios Global L.P./Clarios US <br> Finance Co., 6.75%, <br> 02/15/2030<sup>(b)(c)</sup> <br>|  | 373000 | &nbsp;&nbsp; 380182 |
| &nbsp;&nbsp;&nbsp; ERAC USA Finance LLC, 5.00%, <br> 02/15/2029<sup>(b)(c)</sup> <br>|  | 888000 | &nbsp;&nbsp; 904040 |
|  |  |  | &nbsp;&nbsp; 1284222 |
| **Automotive Retail–0.55%** | **Automotive Retail–0.55%** | **Automotive Retail–0.55%** | **Automotive Retail–0.55%** |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc., 5.90%, <br> 03/09/2026<br>|  | 1889000 | &nbsp;&nbsp; 1901940 |
| &nbsp;&nbsp;&nbsp; Lithia Motors, Inc., 4.63%, <br> 12/15/2027<sup>(b)</sup> <br>|  | 6000000 | &nbsp;&nbsp; 5922863 |
| &nbsp;&nbsp;&nbsp; O'Reilly Automotive, Inc., 5.75%, <br> 11/20/2026<br>|  | 3333000 | &nbsp;&nbsp; 3390328 |
|  |  |  | &nbsp;&nbsp; 11215131 |
| **Biotechnology–0.16%** | **Biotechnology–0.16%** | **Biotechnology–0.16%** | **Biotechnology–0.16%** |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc., 4.80%, <br> 03/15/2027<br>|  | 3202000 | &nbsp;&nbsp; 3233639 |
| **Building Products–0.32%** | **Building Products–0.32%** | **Building Products–0.32%** | **Building Products–0.32%** |
| Holcim Finance US LLC (Switzerland), | Holcim Finance US LLC (Switzerland), |  |  |
| &nbsp;&nbsp;&nbsp; 4.60%, 04/07/2027<sup>(b)</sup> <br>|  | 4168000 | &nbsp;&nbsp; 4173844 |
| &nbsp;&nbsp;&nbsp; 4.95%, 04/07/2030<sup>(b)</sup> <br>|  | 592000 | &nbsp;&nbsp; 596132 |
| &nbsp;&nbsp;&nbsp; Lennox International, Inc., 5.50%, <br> 09/15/2028<br>|  | 1580000 | &nbsp;&nbsp; 1623206 |
|  |  |  | &nbsp;&nbsp; 6393182 |
| **Cable & Satellite–1.36%** | **Cable & Satellite–1.36%** | **Cable & Satellite–1.36%** | **Cable & Satellite–1.36%** |
| &nbsp;&nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter <br> Communications Operating Capital <br> Corp., | &nbsp;&nbsp;&nbsp; Charter Communications <br> Operating LLC/Charter <br> Communications Operating Capital <br> Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.91%, 07/23/2025 |  | 23280000 | &nbsp;&nbsp; 23277135 |
| &nbsp;&nbsp;&nbsp; 6.15%, 11/10/2026 |  | 4208000 | &nbsp;&nbsp; 4283500 |
|  |  |  | &nbsp;&nbsp; 27560635 |
| **Cargo Ground Transportation–0.87%** | **Cargo Ground Transportation–0.87%** | **Cargo Ground Transportation–0.87%** | **Cargo Ground Transportation–0.87%** |
| &nbsp;&nbsp;&nbsp; Penske Truck Leasing Co. L.P./PTL <br> Finance Corp., | &nbsp;&nbsp;&nbsp; Penske Truck Leasing Co. L.P./PTL <br> Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 05/24/2026<sup>(b)</sup> <br>|  | 1798000 | &nbsp;&nbsp; 1813628 |
| &nbsp;&nbsp;&nbsp; 5.35%, 01/12/2027<sup>(b)</sup> <br>|  | 1080000 | &nbsp;&nbsp; 1088890 |
| &nbsp;&nbsp;&nbsp; 6.05%, 08/01/2028<sup>(b)</sup> <br>|  | 1205000 | &nbsp;&nbsp; 1249893 |
| &nbsp;&nbsp;&nbsp; 5.25%, 02/01/2030<sup>(b)(c)</sup> <br>|  | 9398000 | &nbsp;&nbsp; 9551510 |
| Ryder System, Inc., | Ryder System, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 03/15/2027 |  | 2676000 | &nbsp;&nbsp; 2711534 |
| &nbsp;&nbsp;&nbsp; 4.90%, 12/01/2029 |  | 1175000 | &nbsp;&nbsp; 1176517 |
|  |  |  | &nbsp;&nbsp; 17591972 |
| **Commercial & Residential Mortgage Finance–0.13%** | **Commercial & Residential Mortgage Finance–0.13%** | **Commercial & Residential Mortgage Finance–0.13%** | **Commercial & Residential Mortgage Finance–0.13%** |
| &nbsp;&nbsp;&nbsp; Nationwide Building Society (United <br> Kingdom), 6.56%, <br> 10/18/2027<sup>(b)(d)</sup> <br>|  | 2592000 | &nbsp;&nbsp; 2655005 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Construction Machinery & Heavy Transportation Equipment–**<br> **0.77%** | **Construction Machinery & Heavy Transportation Equipment–**<br> **0.77%** | **Construction Machinery & Heavy Transportation Equipment–**<br> **0.77%** | **Construction Machinery & Heavy Transportation Equipment–**<br> **0.77%** |
| Caterpillar Financial Services Corp., | Caterpillar Financial Services Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.79% (SOFR + 0.46%), <br> 08/11/2025<sup>(e)</sup> <br>|  | $1598000 | &nbsp;&nbsp; $1598724 |
| &nbsp;&nbsp;&nbsp; 5.15%, 08/11/2025 |  | 1999000 | &nbsp;&nbsp; 2001174 |
| &nbsp;&nbsp;&nbsp; 4.50%, 01/07/2027 |  | 4048000 | &nbsp;&nbsp; 4068166 |
| &nbsp;&nbsp;&nbsp; Cummins, Inc., 4.25%, <br> 05/09/2028<sup>(c)</sup> <br>|  | 2519000 | &nbsp;&nbsp; 2523809 |
| &nbsp;&nbsp;&nbsp; Komatsu Finance America, Inc., <br> 5.50%, 10/06/2027<sup>(b)</sup> <br>|  | 2759000 | &nbsp;&nbsp; 2815618 |
| &nbsp;&nbsp;&nbsp; Westinghouse Air Brake <br> Technologies Corp., 4.90%, <br> 05/29/2030<br>|  | 2489000 | &nbsp;&nbsp; 2503522 |
|  |  |  | &nbsp;&nbsp; 15511013 |
| **Consumer Electronics–0.81%** | **Consumer Electronics–0.81%** | **Consumer Electronics–0.81%** | **Consumer Electronics–0.81%** |
| LG Electronics, Inc. (South Korea), | LG Electronics, Inc. (South Korea), |  |  |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/24/2027<sup>(b)</sup> <br>|  | 14770000 | &nbsp;&nbsp; 14989415 |
| &nbsp;&nbsp;&nbsp; 5.63%, 04/24/2029<sup>(b)</sup> <br>|  | 1284000 | &nbsp;&nbsp; 1314962 |
|  |  |  | &nbsp;&nbsp; 16304377 |
| **Consumer Finance–1.01%** | **Consumer Finance–1.01%** | **Consumer Finance–1.01%** | **Consumer Finance–1.01%** |
| American Express Co., | American Express Co., |  |  |
| &nbsp;&nbsp;&nbsp; 5.65%, 04/23/2027<sup>(c)(d)</sup> <br>|  | 3432000 | &nbsp;&nbsp; 3463575 |
| &nbsp;&nbsp;&nbsp; 4.73%, 04/25/2029<sup>(c)(d)</sup> <br>|  | 7123000 | &nbsp;&nbsp; 7164203 |
| &nbsp;&nbsp;&nbsp; 5.60% (SOFR + 1.26%), <br> 04/25/2029<sup>(e)</sup> <br>|  | 2000000 | &nbsp;&nbsp; 2014601 |
| &nbsp;&nbsp;&nbsp; Capital One Financial Corp., <br> 7.15%, 10/29/2027<sup>(d)</sup> <br>|  | 1749000 | &nbsp;&nbsp; 1804918 |
| General Motors Financial Co., Inc., | General Motors Financial Co., Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 6.05%, 10/10/2025 |  | 4314000 | &nbsp;&nbsp; 4330180 |
| &nbsp;&nbsp;&nbsp; 5.40%, 04/06/2026 |  | 411000 | &nbsp;&nbsp; 412289 |
| &nbsp;&nbsp;&nbsp; SLM Corp., 6.50%, <br> 01/31/2030<sup>(c)</sup> <br>|  | 1302000 | &nbsp;&nbsp; 1343417 |
|  |  |  | &nbsp;&nbsp; 20533183 |
| **Consumer Staples Merchandise Retail–0.65%** | **Consumer Staples Merchandise Retail–0.65%** | **Consumer Staples Merchandise Retail–0.65%** | **Consumer Staples Merchandise Retail–0.65%** |
| Walmart, Inc., | Walmart, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.10%, 04/28/2027 |  | 5723000 | &nbsp;&nbsp; 5733849 |
| &nbsp;&nbsp;&nbsp; 4.77% (SOFR + 0.43%), <br> 04/28/2027<sup>(e)</sup> <br>|  | 4748000 | &nbsp;&nbsp; 4761371 |
| &nbsp;&nbsp;&nbsp; 4.35%, 04/28/2030 |  | 2755000 | &nbsp;&nbsp; 2765982 |
|  |  |  | &nbsp;&nbsp; 13261202 |
| **Distillers & Vintners–0.22%** | **Distillers & Vintners–0.22%** | **Distillers & Vintners–0.22%** | **Distillers & Vintners–0.22%** |
| &nbsp;&nbsp;&nbsp; Constellation Brands, Inc., 4.80%, <br> 05/01/2030<br>|  | 297000 | &nbsp;&nbsp; 296835 |
| &nbsp;&nbsp;&nbsp; Diageo Capital PLC (United <br> Kingdom), 5.38%, <br> 10/05/2026<br>|  | 4210000 | &nbsp;&nbsp; 4258369 |
|  |  |  | &nbsp;&nbsp; 4555204 |
| **Distributors–0.23%** | **Distributors–0.23%** | **Distributors–0.23%** | **Distributors–0.23%** |
| Genuine Parts Co., | Genuine Parts Co., |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 11/01/2028 |  | 1991000 | &nbsp;&nbsp; 2105958 |
| &nbsp;&nbsp;&nbsp; 4.95%, 08/15/2029<sup>(c)</sup> <br>|  | 2499000 | &nbsp;&nbsp; 2522294 |
|  |  |  | &nbsp;&nbsp; 4628252 |
| **Diversified Banks–18.39%** | **Diversified Banks–18.39%** | **Diversified Banks–18.39%** | **Diversified Banks–18.39%** |
| &nbsp;&nbsp;&nbsp; Banco Santander S.A. (Spain), <br> 6.53%, 11/07/2027<sup>(d)</sup> <br>|  | 400000 | &nbsp;&nbsp; 410296 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** |
| Bank of America Corp., | Bank of America Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.08%, 01/20/2027<sup>(d)</sup> <br>|  | $3043000 | &nbsp;&nbsp; $3049871 |
| &nbsp;&nbsp;&nbsp; 4.98%, 01/24/2029<sup>(c)(d)</sup> <br>|  | 9616000 | &nbsp;&nbsp; 9712071 |
| &nbsp;&nbsp;&nbsp; 4.62%, 05/09/2029<sup>(d)</sup> <br>|  | 2398000 | &nbsp;&nbsp; 2397826 |
| &nbsp;&nbsp;&nbsp; 5.45% (SOFR + 1.11%), <br> 05/09/2029<sup>(e)</sup> <br>|  | 6983000 | &nbsp;&nbsp; 7005944 |
| &nbsp;&nbsp;&nbsp; 5.35% (SOFR + 1.01%), <br> 01/24/2031<sup>(e)</sup> <br>|  | 2052000 | &nbsp;&nbsp; 2033569 |
| Bank of Montreal (Canada), | Bank of Montreal (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 06/05/2026 |  | 1275000 | &nbsp;&nbsp; 1285515 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/27/2029<sup>(c)(d)</sup> <br>|  | 3940000 | &nbsp;&nbsp; 3982751 |
| &nbsp;&nbsp;&nbsp; 5.20% (SOFR + 0.86%), <br> 01/27/2029<sup>(e)</sup> <br>|  | 4242000 | &nbsp;&nbsp; 4217594 |
| &nbsp;&nbsp;&nbsp; Bank of New York Mellon (The), <br> 4.73%, 04/20/2029<sup>(d)</sup> <br>|  | 1093000 | &nbsp;&nbsp; 1102649 |
| Barclays PLC (United Kingdom), | Barclays PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 09/13/2027<sup>(d)</sup> <br>|  | 5185000 | &nbsp;&nbsp; 5295035 |
| &nbsp;&nbsp;&nbsp; 5.09%, 02/25/2029<sup>(d)</sup> <br>|  | 2642000 | &nbsp;&nbsp; 2657708 |
| BNP Paribas S.A. (France), | BNP Paribas S.A. (France), |  |  |
| &nbsp;&nbsp;&nbsp; 4.79%, 05/09/2029<sup>(b)(d)</sup> <br>|  | 3093000 | &nbsp;&nbsp; 3088695 |
| &nbsp;&nbsp;&nbsp; 5.79% (SOFR + 1.43%), <br> 05/09/2029<sup>(b)(e)</sup> <br>|  | 5000000 | &nbsp;&nbsp; 5038128 |
| &nbsp;&nbsp;&nbsp; Canadian Imperial Bank of <br> Commerce (Canada), 5.93%, <br> 10/02/2026<sup>(c)</sup> <br>|  | 8290000 | &nbsp;&nbsp; 8444570 |
| Citibank N.A., | Citibank N.A., |  |  |
| &nbsp;&nbsp;&nbsp; 5.49%, 12/04/2026 |  | 2910000 | &nbsp;&nbsp; 2952554 |
| &nbsp;&nbsp;&nbsp; 5.05% (SOFR + 0.71%), <br> 11/19/2027<sup>(e)</sup> <br>|  | 8043000 | &nbsp;&nbsp; 8037751 |
| Citigroup, Inc., | Citigroup, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.81% (3 mo. Term SOFR + <br> 1.51%), 07/01/2026<sup>(e)</sup> <br>|  | 7950000 | &nbsp;&nbsp; 7960352 |
| &nbsp;&nbsp;&nbsp; 5.61%, 09/29/2026<sup>(d)</sup> <br>|  | 4357000 | &nbsp;&nbsp; 4367358 |
| &nbsp;&nbsp;&nbsp; 4.64%, 05/07/2028<sup>(c)(d)</sup> <br>|  | 5543000 | &nbsp;&nbsp; 5535365 |
| &nbsp;&nbsp;&nbsp; 5.48% (SOFR + 1.14%), <br> 05/07/2028<sup>(e)</sup> <br>|  | 4499000 | &nbsp;&nbsp; 4510551 |
| &nbsp;&nbsp;&nbsp; 4.79%, 03/04/2029<sup>(d)</sup> <br>|  | 9023000 | &nbsp;&nbsp; 9037289 |
| &nbsp;&nbsp;&nbsp; 4.54%, 09/19/2030<sup>(d)</sup> <br>|  | 3459000 | &nbsp;&nbsp; 3417578 |
| &nbsp;&nbsp;&nbsp; 5.80% (SOFR + 1.46%), <br> 05/07/2031<sup>(e)</sup> <br>|  | 2019000 | &nbsp;&nbsp; 2029059 |
| &nbsp;&nbsp;&nbsp; Comerica, Inc., 5.98%, <br> 01/30/2030<sup>(c)(d)</sup> <br>|  | 673000 | &nbsp;&nbsp; 684198 |
| &nbsp;&nbsp;&nbsp; Fifth Third Bancorp, 6.34%, <br> 07/27/2029<sup>(c)(d)</sup> <br>|  | 406000 | &nbsp;&nbsp; 424770 |
| Fifth Third Bank N.A., | Fifth Third Bank N.A., |  |  |
| &nbsp;&nbsp;&nbsp; 4.97%, 01/28/2028<sup>(d)</sup> <br>|  | 2730000 | &nbsp;&nbsp; 2741949 |
| &nbsp;&nbsp;&nbsp; 5.15% (SOFR + 0.81%), <br> 01/28/2028<sup>(e)</sup> <br>|  | 4445000 | &nbsp;&nbsp; 4443045 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Bank USA, 5.28%, <br> 03/18/2027<sup>(c)(d)</sup> <br>|  | 8298000 | &nbsp;&nbsp; 8334937 |
| HSBC Holdings PLC (United Kingdom), | HSBC Holdings PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 7.34%, 11/03/2026<sup>(d)</sup> <br>|  | 3964000 | &nbsp;&nbsp; 4004187 |
| &nbsp;&nbsp;&nbsp; 5.89%, 08/14/2027<sup>(d)</sup> <br>|  | 2400000 | &nbsp;&nbsp; 2430408 |
| &nbsp;&nbsp;&nbsp; 5.13%, 11/19/2028<sup>(d)</sup> <br>|  | 8313000 | &nbsp;&nbsp; 8375978 |
| &nbsp;&nbsp;&nbsp; 5.38% (SOFR + 1.04%), <br> 11/19/2028<sup>(e)</sup> <br>|  | 5237000 | &nbsp;&nbsp; 5228828 |
| &nbsp;&nbsp;&nbsp; 4.90%, 03/03/2029<sup>(d)</sup> <br>|  | 5108000 | &nbsp;&nbsp; 5120625 |
| &nbsp;&nbsp;&nbsp; 5.37% (SOFR + 1.03%), <br> 03/03/2029<sup>(e)</sup> <br>|  | 6593000 | &nbsp;&nbsp; 6573360 |
| &nbsp;&nbsp;&nbsp; 5.63% (SOFR + 1.29%), <br> 11/19/2030<sup>(e)</sup> <br>|  | 5923000 | &nbsp;&nbsp; 5926663 |
| &nbsp;&nbsp;&nbsp; 5.91% (SOFR + 1.57%), <br> 05/13/2031<sup>(e)</sup> <br>|  | 5662000 | &nbsp;&nbsp; 5690313 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** |
| HSBC USA, Inc., | HSBC USA, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.29%, 03/04/2027 |  | $6060000 | &nbsp;&nbsp; $6151323 |
| &nbsp;&nbsp;&nbsp; 4.65%, 06/03/2028 |  | 2640000 | &nbsp;&nbsp; 2647796 |
| &nbsp;&nbsp;&nbsp; ING Groep N.V. (Netherlands), <br> 6.08%, 09/11/2027<sup>(d)</sup> <br>|  | 4294000 | &nbsp;&nbsp; 4372117 |
| JPMorgan Chase & Co., | JPMorgan Chase & Co., |  |  |
| &nbsp;&nbsp;&nbsp; 6.07%, 10/22/2027<sup>(d)</sup> <br>|  | 4528000 | &nbsp;&nbsp; 4623574 |
| &nbsp;&nbsp;&nbsp; 5.04%, 01/23/2028<sup>(d)</sup> <br>|  | 4406000 | &nbsp;&nbsp; 4439204 |
| &nbsp;&nbsp;&nbsp; 5.57%, 04/22/2028<sup>(d)</sup> <br>|  | 2517000 | &nbsp;&nbsp; 2563909 |
| &nbsp;&nbsp;&nbsp; 4.98%, 07/22/2028<sup>(d)</sup> <br>|  | 8137000 | &nbsp;&nbsp; 8202493 |
| &nbsp;&nbsp;&nbsp; 4.51%, 10/22/2028<sup>(d)</sup> <br>|  | 4937000 | &nbsp;&nbsp; 4927672 |
| &nbsp;&nbsp;&nbsp; 4.92%, 01/24/2029<sup>(d)</sup> <br>|  | 964000 | &nbsp;&nbsp; 972614 |
| &nbsp;&nbsp;&nbsp; 5.14% (SOFR + 0.80%), <br> 01/24/2029<sup>(e)</sup> <br>|  | 3631000 | &nbsp;&nbsp; 3620505 |
| &nbsp;&nbsp;&nbsp; 6.09%, 10/23/2029<sup>(d)</sup> <br>|  | 2467000 | &nbsp;&nbsp; 2577016 |
| KeyBank N.A., | KeyBank N.A., |  |  |
| &nbsp;&nbsp;&nbsp; 4.70%, 01/26/2026 |  | 1588000 | &nbsp;&nbsp; 1586923 |
| &nbsp;&nbsp;&nbsp; 5.85%, 11/15/2027<sup>(c)</sup> <br>|  | 1773000 | &nbsp;&nbsp; 1819119 |
| &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC (United <br> Kingdom), | &nbsp;&nbsp;&nbsp; Lloyds Banking Group PLC (United <br> Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 5.99%, 08/07/2027<sup>(d)</sup> <br>|  | 2593000 | &nbsp;&nbsp; 2629946 |
| &nbsp;&nbsp;&nbsp; 5.46%, 01/05/2028<sup>(d)</sup> <br>|  | 5333000 | &nbsp;&nbsp; 5395493 |
| &nbsp;&nbsp;&nbsp; 5.40% (SOFR + 1.06%), <br> 11/26/2028<sup>(e)</sup> <br>|  | 7547000 | &nbsp;&nbsp; 7556700 |
| &nbsp;&nbsp;&nbsp; Macquarie Bank Ltd. (Australia), <br> 5.39%, 12/07/2026<sup>(b)</sup> <br>|  | 5773000 | &nbsp;&nbsp; 5858960 |
| &nbsp;&nbsp;&nbsp; Manufacturers & Traders Trust Co., <br> 4.65%, 01/27/2026<sup>(c)</sup> <br>|  | 3269000 | &nbsp;&nbsp; 3266805 |
| &nbsp;&nbsp;&nbsp; Mitsubishi UFJ Financial Group, Inc. <br> (Japan), 5.82% (SOFR + <br> 1.48%), 04/24/2031<sup>(c)(e)</sup> <br>|  | 1928000 | &nbsp;&nbsp; 1961449 |
| Morgan Stanley Bank N.A., | Morgan Stanley Bank N.A., |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 10/15/2027<sup>(d)</sup> <br>|  | 2414000 | &nbsp;&nbsp; 2413142 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/14/2028<sup>(d)</sup> <br>|  | 4697000 | &nbsp;&nbsp; 4727084 |
| &nbsp;&nbsp;&nbsp; 5.50%, 05/26/2028<sup>(d)</sup> <br>|  | 5695000 | &nbsp;&nbsp; 5799222 |
| &nbsp;&nbsp;&nbsp; 5.02%, 01/12/2029<sup>(c)(d)</sup> <br>|  | 1075000 | &nbsp;&nbsp; 1086097 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Bank, N.A., <br> 4.97%, 07/14/2028<sup>(d)</sup> <br>|  | 5009000 | &nbsp;&nbsp; 5052338 |
| &nbsp;&nbsp;&nbsp; National Securities Clearing Corp., <br> 5.10%, 11/21/2027<sup>(b)</sup> <br>|  | 2489000 | &nbsp;&nbsp; 2539968 |
| NatWest Group PLC (United Kingdom), | NatWest Group PLC (United Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 7.47%, 11/10/2026<sup>(d)</sup> <br>|  | 2399000 | &nbsp;&nbsp; 2426813 |
| &nbsp;&nbsp;&nbsp; 5.58%, 03/01/2028<sup>(d)</sup> <br>|  | 3370000 | &nbsp;&nbsp; 3418169 |
| &nbsp;&nbsp;&nbsp; 5.52%, 09/30/2028<sup>(d)</sup> <br>|  | 1900000 | &nbsp;&nbsp; 1931795 |
| &nbsp;&nbsp;&nbsp; Norinchukin Bank (The) (Japan), <br> 5.09%, 10/16/2029<sup>(b)(c)</sup> <br>|  | 946000 | &nbsp;&nbsp; 950166 |
| &nbsp;&nbsp;&nbsp; PNC Bank, N.A., 4.54%, <br> 05/13/2027<sup>(c)(d)</sup> <br>|  | 6646000 | &nbsp;&nbsp; 6647629 |
| &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. <br> (The), | &nbsp;&nbsp;&nbsp; PNC Financial Services Group, Inc. <br> (The), |  |  |
| &nbsp;&nbsp;&nbsp; 5.81%, 06/12/2026<sup>(c)(d)</sup> <br>|  | 3547000 | &nbsp;&nbsp; 3547733 |
| &nbsp;&nbsp;&nbsp; 6.62%, 10/20/2027<sup>(d)</sup> <br>|  | 3142000 | &nbsp;&nbsp; 3231403 |
| &nbsp;&nbsp;&nbsp; 5.58%, 06/12/2029<sup>(d)</sup> <br>|  | 2924000 | &nbsp;&nbsp; 3009256 |
| Royal Bank of Canada (Canada), | Royal Bank of Canada (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 4.88%, 01/19/2027<sup>(c)</sup> <br>|  | 1636000 | &nbsp;&nbsp; 1650057 |
| &nbsp;&nbsp;&nbsp; 4.97%, 01/24/2029<sup>(c)(d)</sup> <br>|  | 8746000 | &nbsp;&nbsp; 8835284 |
| &nbsp;&nbsp;&nbsp; 5.17% (SOFR + 0.83%), <br> 01/24/2029<sup>(e)</sup> <br>|  | 4311000 | &nbsp;&nbsp; 4300249 |
| &nbsp;&nbsp;&nbsp; 5.37% (SOFR + 1.03%), <br> 02/04/2031<sup>(e)</sup> <br>|  | 8932000 | &nbsp;&nbsp; 8859846 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** | **Diversified Banks–(continued)** |
| &nbsp;&nbsp;&nbsp; Santander UK Group Holdings PLC <br> (United Kingdom), 6.83%, <br> 11/21/2026<sup>(d)</sup> <br>|  | $2492000 | &nbsp;&nbsp; $2514985 |
| &nbsp;&nbsp;&nbsp; Standard Chartered PLC (United <br> Kingdom), | &nbsp;&nbsp;&nbsp; Standard Chartered PLC (United <br> Kingdom), |  |  |
| &nbsp;&nbsp;&nbsp; 6.19%, 07/06/2027<sup>(b)(d)</sup> <br>|  | 2402000 | &nbsp;&nbsp; 2436769 |
| &nbsp;&nbsp;&nbsp; 6.75%, 02/08/2028<sup>(b)(d)</sup> <br>|  | 2571000 | &nbsp;&nbsp; 2646935 |
| &nbsp;&nbsp;&nbsp; 5.55%, 01/21/2029<sup>(b)(d)</sup> <br>|  | 4557000 | &nbsp;&nbsp; 4632059 |
| &nbsp;&nbsp;&nbsp; 5.58% (SOFR + 1.24%), <br> 01/21/2029<sup>(b)(e)</sup> <br>|  | 3096000 | &nbsp;&nbsp; 3099755 |
| &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Trust Bank Ltd. <br> (Japan), | &nbsp;&nbsp;&nbsp; Sumitomo Mitsui Trust Bank Ltd. <br> (Japan), |  |  |
| &nbsp;&nbsp;&nbsp; 5.65%, 09/14/2026<sup>(b)</sup> <br>|  | 1881000 | &nbsp;&nbsp; 1908072 |
| &nbsp;&nbsp;&nbsp; 5.20%, 03/07/2027<sup>(b)(c)</sup> <br>|  | 2788000 | &nbsp;&nbsp; 2823496 |
| &nbsp;&nbsp;&nbsp; Toronto-Dominion Bank (The) <br> (Canada), 4.97% (SOFR + <br> 0.62%), 12/17/2026<sup>(e)</sup> <br>|  | 7639000 | &nbsp;&nbsp; 7646443 |
| U.S. Bancorp, | U.S. Bancorp, |  |  |
| &nbsp;&nbsp;&nbsp; 5.73%, 10/21/2026<sup>(d)</sup> <br>|  | 3855000 | &nbsp;&nbsp; 3869897 |
| &nbsp;&nbsp;&nbsp; 6.79%, 10/26/2027<sup>(d)</sup> <br>|  | 8690000 | &nbsp;&nbsp; 8950473 |
| &nbsp;&nbsp;&nbsp; UBS AG (Switzerland), 4.86%, <br> 01/10/2028<sup>(c)(d)</sup> <br>|  | 7242000 | &nbsp;&nbsp; 7280978 |
| Wells Fargo & Co., | Wells Fargo & Co., |  |  |
| &nbsp;&nbsp;&nbsp; 5.71%, 04/22/2028<sup>(d)</sup> <br>|  | 1556000 | &nbsp;&nbsp; 1585243 |
| &nbsp;&nbsp;&nbsp; 4.97%, 04/23/2029<sup>(d)</sup> <br>|  | 4448000 | &nbsp;&nbsp; 4481989 |
| &nbsp;&nbsp;&nbsp; 5.57%, 07/25/2029<sup>(d)</sup> <br>|  | 1517000 | &nbsp;&nbsp; 1556525 |
| &nbsp;&nbsp;&nbsp; 6.30%, 10/23/2029<sup>(d)</sup> <br>|  | 1695000 | &nbsp;&nbsp; 1779074 |
| &nbsp;&nbsp;&nbsp; 7.63%<sup>(c)(d)(f)</sup> <br>|  | 1651000 | &nbsp;&nbsp; 1762840 |
|  |  |  | &nbsp;&nbsp; 372124742 |
| **Diversified Capital Markets–1.13%** | **Diversified Capital Markets–1.13%** | **Diversified Capital Markets–1.13%** | **Diversified Capital Markets–1.13%** |
| Deutsche Bank AG (Germany), | Deutsche Bank AG (Germany), |  |  |
| &nbsp;&nbsp;&nbsp; 5.37%, 01/10/2029<sup>(d)</sup> <br>|  | 3469000 | &nbsp;&nbsp; 3508925 |
| &nbsp;&nbsp;&nbsp; 5.55% (SOFR + 1.21%), <br> 01/10/2029<sup>(e)</sup> <br>|  | 1208000 | &nbsp;&nbsp; 1203774 |
| UBS Group AG (Switzerland), | UBS Group AG (Switzerland), |  |  |
| &nbsp;&nbsp;&nbsp; 6.37%, 07/15/2026<sup>(b)(d)</sup> <br>|  | 6220000 | &nbsp;&nbsp; 6228875 |
| &nbsp;&nbsp;&nbsp; 5.71%, 01/12/2027<sup>(b)(c)(d)</sup> <br>|  | 6640000 | &nbsp;&nbsp; 6675507 |
| &nbsp;&nbsp;&nbsp; 6.25%, 09/22/2029<sup>(b)(d)</sup> <br>|  | 4932000 | &nbsp;&nbsp; 5162765 |
|  |  |  | &nbsp;&nbsp; 22779846 |
| **Diversified Chemicals–0.14%** | **Diversified Chemicals–0.14%** | **Diversified Chemicals–0.14%** | **Diversified Chemicals–0.14%** |
| &nbsp;&nbsp;&nbsp; Sasol Financing USA LLC (South <br> Africa), 8.75%, 05/03/2029<sup>(b)</sup> <br>|  | 2930000 | &nbsp;&nbsp; 2883579 |
| **Diversified Financial Services–1.57%** | **Diversified Financial Services–1.57%** | **Diversified Financial Services–1.57%** | **Diversified Financial Services–1.57%** |
| &nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap <br> Global Aviation Trust (Ireland), | &nbsp;&nbsp;&nbsp; AerCap Ireland Capital DAC/AerCap <br> Global Aviation Trust (Ireland), |  |  |
| &nbsp;&nbsp;&nbsp; 6.10%, 01/15/2027 |  | 5973000 | &nbsp;&nbsp; 6092805 |
| &nbsp;&nbsp;&nbsp; 5.75%, 06/06/2028 |  | 1588000 | &nbsp;&nbsp; 1632377 |
| Avolon Holdings Funding Ltd. (Ireland), | Avolon Holdings Funding Ltd. (Ireland), |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/15/2028<sup>(b)(c)</sup> <br>|  | 3025000 | &nbsp;&nbsp; 3017717 |
| &nbsp;&nbsp;&nbsp; 6.38%, 05/04/2028<sup>(b)</sup> <br>|  | 2807000 | &nbsp;&nbsp; 2906626 |
| Goldman Sachs Private Credit Corp., | Goldman Sachs Private Credit Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 05/06/2028<sup>(b)</sup> <br>|  | 500000 | &nbsp;&nbsp; 502001 |
| &nbsp;&nbsp;&nbsp; 6.25%, 05/06/2030<sup>(b)</sup> <br>|  | 500000 | &nbsp;&nbsp; 504597 |
| LPL Holdings, Inc., | LPL Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.70%, 05/20/2027 |  | 1026000 | &nbsp;&nbsp; 1043474 |
| &nbsp;&nbsp;&nbsp; 4.90%, 04/03/2028<sup>(c)</sup> <br>|  | 3675000 | &nbsp;&nbsp; 3680888 |
| &nbsp;&nbsp;&nbsp; 6.75%, 11/17/2028<sup>(c)</sup> <br>|  | 1083000 | &nbsp;&nbsp; 1150515 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Diversified Financial Services–(continued)** | **Diversified Financial Services–(continued)** | **Diversified Financial Services–(continued)** | **Diversified Financial Services–(continued)** |
| &nbsp;&nbsp;&nbsp; OPEC Fund for International <br> Development (The) <br> (Supranational), 4.50%, <br> 01/26/2026<sup>(b)</sup> <br>|  | $11240000 | &nbsp;&nbsp; $11237432 |
|  |  |  | &nbsp;&nbsp; 31768432 |
| **Diversified Metals & Mining–1.00%** | **Diversified Metals & Mining–1.00%** | **Diversified Metals & Mining–1.00%** | **Diversified Metals & Mining–1.00%** |
| &nbsp;&nbsp;&nbsp; BHP Billiton Finance (USA) Ltd. <br> (Australia), | &nbsp;&nbsp;&nbsp; BHP Billiton Finance (USA) Ltd. <br> (Australia), |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/08/2026 |  | 7604000 | &nbsp;&nbsp; 7689502 |
| &nbsp;&nbsp;&nbsp; 5.10%, 09/08/2028<sup>(c)</sup> <br>|  | 4003000 | &nbsp;&nbsp; 4089842 |
| Glencore Funding LLC (Australia), | Glencore Funding LLC (Australia), |  |  |
| &nbsp;&nbsp;&nbsp; 5.41% (SOFR + 1.06%), <br> 04/04/2027<sup>(b)(e)</sup> <br>|  | 1517000 | &nbsp;&nbsp; 1522237 |
| &nbsp;&nbsp;&nbsp; 4.91%, 04/01/2028<sup>(b)(c)</sup> <br>|  | 816000 | &nbsp;&nbsp; 820152 |
| &nbsp;&nbsp;&nbsp; 5.19%, 04/01/2030<sup>(b)</sup> <br>|  | 1109000 | &nbsp;&nbsp; 1122326 |
| Rio Tinto Finance (USA) PLC (Australia), | Rio Tinto Finance (USA) PLC (Australia), |  |  |
| &nbsp;&nbsp;&nbsp; 4.38%, 03/12/2027 |  | 3018000 | &nbsp;&nbsp; 3027302 |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/14/2028 |  | 227000 | &nbsp;&nbsp; 227996 |
| &nbsp;&nbsp;&nbsp; 4.88%, 03/14/2030 |  | 1650000 | &nbsp;&nbsp; 1669089 |
|  |  |  | &nbsp;&nbsp; 20168446 |
| **Diversified Support Services–0.27%** | **Diversified Support Services–0.27%** | **Diversified Support Services–0.27%** | **Diversified Support Services–0.27%** |
| &nbsp;&nbsp;&nbsp; Element Fleet Management Corp. <br> (Canada), | &nbsp;&nbsp;&nbsp; Element Fleet Management Corp. <br> (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 6.32%, 12/04/2028<sup>(b)</sup> <br>|  | 2523000 | &nbsp;&nbsp; 2648032 |
| &nbsp;&nbsp;&nbsp; 5.04%, 03/25/2030<sup>(b)</sup> <br>|  | 2608000 | &nbsp;&nbsp; 2597483 |
| &nbsp;&nbsp;&nbsp; RB Global Holdings, Inc. (Canada), <br> 6.75%, 03/15/2028<sup>(b)</sup> <br>|  | 217000 | &nbsp;&nbsp; 221895 |
|  |  |  | &nbsp;&nbsp; 5467410 |
| **Electric Utilities–3.89%** | **Electric Utilities–3.89%** | **Electric Utilities–3.89%** | **Electric Utilities–3.89%** |
| &nbsp;&nbsp;&nbsp; Alexander Funding Trust II, 7.47%, <br> 07/31/2028<sup>(b)</sup> <br>|  | 1578000 | &nbsp;&nbsp; 1673565 |
| &nbsp;&nbsp;&nbsp; Capital Power (US Holdings), Inc. <br> (Canada), 5.26%, <br> 06/01/2028<sup>(b)</sup> <br>|  | 3215000 | &nbsp;&nbsp; 3236024 |
| &nbsp;&nbsp;&nbsp; CenterPoint Energy Houston <br> Electric LLC, | &nbsp;&nbsp;&nbsp; CenterPoint Energy Houston <br> Electric LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 10/01/2028 |  | 1183000 | &nbsp;&nbsp; 1211814 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/15/2030<sup>(c)</sup> <br>|  | 1833000 | &nbsp;&nbsp; 1851916 |
| &nbsp;&nbsp;&nbsp; Consolidated Edison Co. of New <br> York, Inc., 4.86% (SOFR + <br> 0.52%), 11/18/2027<sup>(e)</sup> <br>|  | 3807000 | &nbsp;&nbsp; 3799310 |
| Duke Energy Corp., | Duke Energy Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/08/2025 |  | 2140000 | &nbsp;&nbsp; 2143825 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/05/2027 |  | 4025000 | &nbsp;&nbsp; 4053516 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/08/2027 |  | 628000 | &nbsp;&nbsp; 635720 |
| &nbsp;&nbsp;&nbsp; 4.85%, 01/05/2029 |  | 927000 | &nbsp;&nbsp; 936990 |
| &nbsp;&nbsp;&nbsp; Enel Finance International N.V. <br> (Italy), 7.05%, <br> 10/14/2025<sup>(b)(c)</sup> <br>|  | 2326000 | &nbsp;&nbsp; 2342325 |
| &nbsp;&nbsp;&nbsp; Exelon Corp., 5.13%, <br> 03/15/2031<br>|  | 3148000 | &nbsp;&nbsp; 3190230 |
| &nbsp;&nbsp;&nbsp; FirstEnergy Transmission LLC, <br> 4.55%, 01/15/2030<br>|  | 573000 | &nbsp;&nbsp; 567961 |
| &nbsp;&nbsp;&nbsp; National Rural Utilities Cooperative <br> Finance Corp., | &nbsp;&nbsp;&nbsp; National Rural Utilities Cooperative <br> Finance Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.60%, 11/13/2026 |  | 3402000 | &nbsp;&nbsp; 3455192 |
| &nbsp;&nbsp;&nbsp; 5.14% (SOFR + 0.80%), <br> 02/05/2027<sup>(e)</sup> <br>|  | 5268000 | &nbsp;&nbsp; 5283928 |
| &nbsp;&nbsp;&nbsp; 4.12%, 09/16/2027 |  | 4701000 | &nbsp;&nbsp; 4688438 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/07/2029 |  | 1686000 | &nbsp;&nbsp; 1704471 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** | **Electric Utilities–(continued)** |
| NextEra Energy Capital Holdings, Inc., | NextEra Energy Capital Holdings, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.75%, 09/01/2025 |  | $4797000 | &nbsp;&nbsp; $4809732 |
| &nbsp;&nbsp;&nbsp; 4.95%, 01/29/2026<sup>(c)</sup> <br>|  | 6332000 | &nbsp;&nbsp; 6349007 |
| &nbsp;&nbsp;&nbsp; 4.85%, 02/04/2028 |  | 2628000 | &nbsp;&nbsp; 2656886 |
| &nbsp;&nbsp;&nbsp; 6.38%, 08/15/2055<sup>(c)(d)</sup> <br>|  | 3474000 | &nbsp;&nbsp; 3487003 |
| Oncor Electric Delivery Co. LLC, | Oncor Electric Delivery Co. LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 4.50%, 03/20/2027<sup>(b)</sup> <br>|  | 5571000 | &nbsp;&nbsp; 5585110 |
| &nbsp;&nbsp;&nbsp; 4.65%, 11/01/2029 |  | 2222000 | &nbsp;&nbsp; 2235097 |
| &nbsp;&nbsp;&nbsp; PacifiCorp, 5.10%, <br> 02/15/2029<sup>(c)</sup> <br>|  | 1075000 | &nbsp;&nbsp; 1090838 |
| Pinnacle West Capital Corp., | Pinnacle West Capital Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.90%, 05/15/2028 |  | 839000 | &nbsp;&nbsp; 845707 |
| &nbsp;&nbsp;&nbsp; 5.15%, 05/15/2030 |  | 1344000 | &nbsp;&nbsp; 1359816 |
| &nbsp;&nbsp;&nbsp; PSEG Power LLC, 5.20%, <br> 05/15/2030<sup>(b)</sup> <br>|  | 2455000 | &nbsp;&nbsp; 2479630 |
| Southern Co. (The), | Southern Co. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 10/06/2025<sup>(c)</sup> <br>|  | 942000 | &nbsp;&nbsp; 943320 |
| &nbsp;&nbsp;&nbsp; Series B, 4.00%, <br> 01/15/2051<sup>(d)</sup> <br>|  | 1938000 | &nbsp;&nbsp; 1923636 |
| &nbsp;&nbsp;&nbsp; Trans-Allegheny Interstate Line <br> Co., 5.00%, 01/15/2031<sup>(b)</sup> <br>|  | 514000 | &nbsp;&nbsp; 518182 |
| Vistra Operations Co. LLC, | Vistra Operations Co. LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 12/30/2026<sup>(b)(c)</sup> <br>|  | 1696000 | &nbsp;&nbsp; 1701483 |
| &nbsp;&nbsp;&nbsp; 5.63%, 02/15/2027<sup>(b)</sup> <br>|  | 1500000 | &nbsp;&nbsp; 1499944 |
| &nbsp;&nbsp;&nbsp; Xcel Energy, Inc., 4.75%, <br> 03/21/2028<br>|  | 530000 | &nbsp;&nbsp; 532822 |
|  |  |  | &nbsp;&nbsp; 78793438 |
| **Electrical Components & Equipment–0.64%** | **Electrical Components & Equipment–0.64%** | **Electrical Components & Equipment–0.64%** | **Electrical Components & Equipment–0.64%** |
| EnerSys, 4.38%, 12/15/2027<sup>(b)</sup> <br>|  | 337000 | &nbsp;&nbsp; 326358 |
| &nbsp;&nbsp;&nbsp; Molex Electronic Technologies LLC, <br> 4.75%, 04/30/2028<sup>(b)</sup> <br>|  | 1216000 | &nbsp;&nbsp; 1217808 |
| Regal Rexnord Corp., | Regal Rexnord Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 6.05%, 02/15/2026 |  | 4452000 | &nbsp;&nbsp; 4476028 |
| &nbsp;&nbsp;&nbsp; 6.05%, 04/15/2028 |  | 2139000 | &nbsp;&nbsp; 2196637 |
| &nbsp;&nbsp;&nbsp; Vertiv Group Corp., 4.13%, <br> 11/15/2028<sup>(b)</sup> <br>|  | 4950000 | &nbsp;&nbsp; 4799191 |
|  |  |  | &nbsp;&nbsp; 13016022 |
| **Electronic Equipment & Instruments–0.16%** | **Electronic Equipment & Instruments–0.16%** | **Electronic Equipment & Instruments–0.16%** | **Electronic Equipment & Instruments–0.16%** |
| &nbsp;&nbsp;&nbsp; Keysight Technologies, Inc., <br> 5.35%, 07/30/2030<br>|  | 3159000 | &nbsp;&nbsp; 3224321 |
| **Environmental & Facilities Services–0.38%** | **Environmental & Facilities Services–0.38%** | **Environmental & Facilities Services–0.38%** | **Environmental & Facilities Services–0.38%** |
| Veralto Corp., | Veralto Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/18/2026 |  | 5436000 | &nbsp;&nbsp; 5497348 |
| &nbsp;&nbsp;&nbsp; 5.35%, 09/18/2028 |  | 2209000 | &nbsp;&nbsp; 2268143 |
|  |  |  | &nbsp;&nbsp; 7765491 |
| **Financial Exchanges & Data–0.05%** | **Financial Exchanges & Data–0.05%** | **Financial Exchanges & Data–0.05%** | **Financial Exchanges & Data–0.05%** |
| Nasdaq, Inc., | Nasdaq, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.65%, 06/28/2025 |  | 703000 | &nbsp;&nbsp; 703097 |
| &nbsp;&nbsp;&nbsp; 5.35%, 06/28/2028 |  | 388000 | &nbsp;&nbsp; 398295 |
|  |  |  | &nbsp;&nbsp; 1101392 |
| **Forest Products–0.04%** | **Forest Products–0.04%** | **Forest Products–0.04%** | **Forest Products–0.04%** |
| &nbsp;&nbsp;&nbsp; Georgia-Pacific LLC, 4.40%, <br> 06/30/2028<sup>(b)</sup> <br>|  | 760000 | &nbsp;&nbsp; 761000 |
| **Gas Utilities–0.09%** | **Gas Utilities–0.09%** | **Gas Utilities–0.09%** | **Gas Utilities–0.09%** |
| &nbsp;&nbsp;&nbsp; Snam S.p.A. (Italy), 5.00%, <br> 05/28/2030<sup>(b)</sup> <br>|  | 1068000 | &nbsp;&nbsp; 1068179 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Gas Utilities–(continued)** | **Gas Utilities–(continued)** | **Gas Utilities–(continued)** | **Gas Utilities–(continued)** |
| &nbsp;&nbsp;&nbsp; Southwest Gas Corp., 5.45%, <br> 03/23/2028<br>|  | $786000 | &nbsp;&nbsp; $801792 |
|  |  |  | &nbsp;&nbsp; 1869971 |
| **Health Care Distributors–0.22%** | **Health Care Distributors–0.22%** | **Health Care Distributors–0.22%** | **Health Care Distributors–0.22%** |
| &nbsp;&nbsp;&nbsp; McKesson Corp., 4.65%, <br> 05/30/2030<br>|  | 4383000 | &nbsp;&nbsp; 4390331 |
| **Health Care Equipment–0.71%** | **Health Care Equipment–0.71%** | **Health Care Equipment–0.71%** | **Health Care Equipment–0.71%** |
| &nbsp;&nbsp;&nbsp; Smith & Nephew PLC (United <br> Kingdom), 5.15%, <br> 03/20/2027<br>|  | 906000 | &nbsp;&nbsp; 914594 |
| Stryker Corp., | Stryker Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.55%, 02/10/2027<sup>(c)</sup> <br>|  | 5884000 | &nbsp;&nbsp; 5906222 |
| &nbsp;&nbsp;&nbsp; 4.70%, 02/10/2028 |  | 7407000 | &nbsp;&nbsp; 7476425 |
|  |  |  | &nbsp;&nbsp; 14297241 |
| **Health Care Services–0.63%** | **Health Care Services–0.63%** | **Health Care Services–0.63%** | **Health Care Services–0.63%** |
| CVS Health Corp., | CVS Health Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/30/2029 |  | 1186000 | &nbsp;&nbsp; 1194261 |
| &nbsp;&nbsp;&nbsp; 7.00%, 03/10/2055<sup>(d)</sup> <br>|  | 6860000 | &nbsp;&nbsp; 6927002 |
| HCA, Inc., 5.00%, 03/01/2028<sup>(c)</sup> <br>|  | 1110000 | &nbsp;&nbsp; 1121954 |
| Icon Investments Six DAC, | Icon Investments Six DAC, |  |  |
| &nbsp;&nbsp;&nbsp; 5.81%, 05/08/2027 |  | 1855000 | &nbsp;&nbsp; 1886504 |
| &nbsp;&nbsp;&nbsp; 5.85%, 05/08/2029 |  | 1536000 | &nbsp;&nbsp; 1574461 |
|  |  |  | &nbsp;&nbsp; 12704182 |
| **Hotels, Resorts & Cruise Lines–0.35%** | **Hotels, Resorts & Cruise Lines–0.35%** | **Hotels, Resorts & Cruise Lines–0.35%** | **Hotels, Resorts & Cruise Lines–0.35%** |
| &nbsp;&nbsp;&nbsp; Carnival Corp., 5.75%, <br> 03/15/2030<sup>(b)(c)</sup> <br>|  | 4662000 | &nbsp;&nbsp; 4675804 |
| &nbsp;&nbsp;&nbsp; Marriott International, Inc., <br> 4.80%, 03/15/2030<sup>(c)</sup> <br>|  | 2403000 | &nbsp;&nbsp; 2408606 |
|  |  |  | &nbsp;&nbsp; 7084410 |
| **Housewares & Specialties–0.04%** | **Housewares & Specialties–0.04%** | **Housewares & Specialties–0.04%** | **Housewares & Specialties–0.04%** |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc., 6.38%, <br> 05/15/2030<sup>(c)</sup> <br>|  | 950000 | &nbsp;&nbsp; 894848 |
| **Human Resource & Employment Services–0.14%** | **Human Resource & Employment Services–0.14%** | **Human Resource & Employment Services–0.14%** | **Human Resource & Employment Services–0.14%** |
| &nbsp;&nbsp;&nbsp; Paychex, Inc., 5.10%, <br> 04/15/2030<br>|  | 2802000 | &nbsp;&nbsp; 2839590 |
| **Industrial Conglomerates–0.52%** | **Industrial Conglomerates–0.52%** | **Industrial Conglomerates–0.52%** | **Industrial Conglomerates–0.52%** |
| Siemens Funding B.V. (Netherlands), | Siemens Funding B.V. (Netherlands), |  |  |
| &nbsp;&nbsp;&nbsp; 4.35%, 05/26/2028<sup>(b)</sup> <br>|  | 9011000 | &nbsp;&nbsp; 9033436 |
| &nbsp;&nbsp;&nbsp; 4.60%, 05/28/2030<sup>(b)</sup> <br>|  | 1400000 | &nbsp;&nbsp; 1403269 |
|  |  |  | &nbsp;&nbsp; 10436705 |
| **Industrial Machinery & Supplies & Components–0.16%** | **Industrial Machinery & Supplies & Components–0.16%** | **Industrial Machinery & Supplies & Components–0.16%** | **Industrial Machinery & Supplies & Components–0.16%** |
| &nbsp;&nbsp;&nbsp; Ingersoll Rand, Inc., 5.20%, <br> 06/15/2027<br>|  | 1462000 | &nbsp;&nbsp; 1480791 |
| &nbsp;&nbsp;&nbsp; Nordson Corp., 5.60%, <br> 09/15/2028<br>|  | 812000 | &nbsp;&nbsp; 832491 |
| &nbsp;&nbsp;&nbsp; Weir Group, Inc. (United Kingdom), <br> 5.35%, 05/06/2030<sup>(b)</sup> <br>|  | 855000 | &nbsp;&nbsp; 858852 |
|  |  |  | &nbsp;&nbsp; 3172134 |
| **Industrial REITs–0.04%** | **Industrial REITs–0.04%** | **Industrial REITs–0.04%** | **Industrial REITs–0.04%** |
| &nbsp;&nbsp;&nbsp; LXP Industrial Trust, 6.75%, <br> 11/15/2028<br>|  | 698000 | &nbsp;&nbsp; 735175 |
| **Insurance Brokers–0.14%** | **Insurance Brokers–0.14%** | **Insurance Brokers–0.14%** | **Insurance Brokers–0.14%** |
| &nbsp;&nbsp;&nbsp; Arthur J. Gallagher & Co., 4.60%, <br> 12/15/2027<br>|  | 2778000 | &nbsp;&nbsp; 2785521 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Integrated Oil & Gas–0.49%** | **Integrated Oil & Gas–0.49%** | **Integrated Oil & Gas–0.49%** | **Integrated Oil & Gas–0.49%** |
| Occidental Petroleum Corp., | Occidental Petroleum Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/2027 |  | $3923000 | &nbsp;&nbsp; $3926097 |
| &nbsp;&nbsp;&nbsp; 5.20%, 08/01/2029 |  | 950000 | &nbsp;&nbsp; 944281 |
| &nbsp;&nbsp;&nbsp; Saudi Arabian Oil Co. (Saudi <br> Arabia), 4.75%, 06/02/2030<sup>(b)</sup> <br>|  | 5022000 | &nbsp;&nbsp; 5007569 |
|  |  |  | &nbsp;&nbsp; 9877947 |
| **Integrated Telecommunication Services–0.92%** | **Integrated Telecommunication Services–0.92%** | **Integrated Telecommunication Services–0.92%** | **Integrated Telecommunication Services–0.92%** |
| AT&T, Inc., 4.70%, 08/15/2030 |  | 7664000 | &nbsp;&nbsp; 7689882 |
| &nbsp;&nbsp;&nbsp; NBN Co. Ltd. (Australia), 4.00%, <br> 10/01/2027<sup>(b)</sup> <br>|  | 9091000 | &nbsp;&nbsp; 8993784 |
| &nbsp;&nbsp;&nbsp; Zegona Finance PLC (United <br> Kingdom), 8.63%, <br> 07/15/2029<sup>(b)</sup> <br>|  | 1808000 | &nbsp;&nbsp; 1932300 |
|  |  |  | &nbsp;&nbsp; 18615966 |
| **Interactive Media & Services–0.10%** | **Interactive Media & Services–0.10%** | **Interactive Media & Services–0.10%** | **Interactive Media & Services–0.10%** |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc., 4.30%, <br> 08/15/2029<br>|  | 1948000 | &nbsp;&nbsp; 1956229 |
| **Investment Banking & Brokerage–2.83%** | **Investment Banking & Brokerage–2.83%** | **Investment Banking & Brokerage–2.83%** | **Investment Banking & Brokerage–2.83%** |
| &nbsp;&nbsp;&nbsp; Blue Owl Technology Finance Corp., <br> 6.10%, 03/15/2028<sup>(b)</sup> <br>|  | 4587000 | &nbsp;&nbsp; 4549699 |
| &nbsp;&nbsp;&nbsp; Charles Schwab Corp. (The), <br> 5.88%, 08/24/2026<sup>(c)</sup> <br>|  | 8400000 | &nbsp;&nbsp; 8536724 |
| Goldman Sachs Group, Inc. (The), | Goldman Sachs Group, Inc. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 5.16% (SOFR + 0.81%), <br> 03/09/2027<sup>(e)</sup> <br>|  | 5082000 | &nbsp;&nbsp; 5087522 |
| &nbsp;&nbsp;&nbsp; 5.17% (SOFR + 0.82%), <br> 09/10/2027<sup>(e)</sup> <br>|  | 431000 | &nbsp;&nbsp; 430665 |
| &nbsp;&nbsp;&nbsp; 4.94%, 04/23/2028<sup>(d)</sup> <br>|  | 3301000 | &nbsp;&nbsp; 3318703 |
| &nbsp;&nbsp;&nbsp; 5.63% (SOFR + 1.29%), <br> 04/23/2028<sup>(e)</sup> <br>|  | 7444000 | &nbsp;&nbsp; 7492501 |
| &nbsp;&nbsp;&nbsp; 5.42% (SOFR + 1.08%), <br> 01/28/2031<sup>(c)(e)</sup> <br>|  | 8571000 | &nbsp;&nbsp; 8506192 |
| &nbsp;&nbsp;&nbsp; Series W, 7.50%<sup>(c)(d)(f)</sup> <br>|  | 10381000 | &nbsp;&nbsp; 10882112 |
| Morgan Stanley, | Morgan Stanley, |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 01/28/2027<sup>(d)</sup> <br>|  | 1638000 | &nbsp;&nbsp; 1641729 |
| &nbsp;&nbsp;&nbsp; 5.65%, 04/13/2028<sup>(d)</sup> <br>|  | 1657000 | &nbsp;&nbsp; 1688097 |
| &nbsp;&nbsp;&nbsp; 4.99%, 04/12/2029<sup>(d)</sup> <br>|  | 4235000 | &nbsp;&nbsp; 4275600 |
| &nbsp;&nbsp;&nbsp; 5.45%, 07/20/2029<sup>(d)</sup> <br>|  | 836000 | &nbsp;&nbsp; 855265 |
|  |  |  | &nbsp;&nbsp; 57264809 |
| **IT Consulting & Other Services–1.11%** | **IT Consulting & Other Services–1.11%** | **IT Consulting & Other Services–1.11%** | **IT Consulting & Other Services–1.11%** |
| International Business Machines Corp., | International Business Machines Corp., |  |  |
| &nbsp;&nbsp;&nbsp; 4.65%, 02/10/2028 |  | 8946000 | &nbsp;&nbsp; 9013152 |
| &nbsp;&nbsp;&nbsp; 4.80%, 02/10/2030 |  | 13373000 | &nbsp;&nbsp; 13498636 |
|  |  |  | &nbsp;&nbsp; 22511788 |
| **Leisure Products–0.08%** | **Leisure Products–0.08%** | **Leisure Products–0.08%** | **Leisure Products–0.08%** |
| &nbsp;&nbsp;&nbsp; Polaris, Inc., 6.95%, <br> 03/15/2029<sup>(c)</sup> <br>|  | 1640000 | &nbsp;&nbsp; 1702614 |
| **Life & Health Insurance–3.98%** | **Life & Health Insurance–3.98%** | **Life & Health Insurance–3.98%** | **Life & Health Insurance–3.98%** |
| &nbsp;&nbsp;&nbsp; American National Global Funding, <br> 5.55%, 01/28/2030<sup>(b)</sup> <br>|  | 1218000 | &nbsp;&nbsp; 1235493 |
| Athene Global Funding, | Athene Global Funding, |  |  |
| &nbsp;&nbsp;&nbsp; 5.62%, 05/08/2026<sup>(b)</sup> <br>|  | 6005000 | &nbsp;&nbsp; 6058356 |
| &nbsp;&nbsp;&nbsp; 4.86%, 08/27/2026<sup>(b)</sup> <br>|  | 6818000 | &nbsp;&nbsp; 6837395 |
| &nbsp;&nbsp;&nbsp; 5.52%, 03/25/2027<sup>(b)</sup> <br>|  | 2394000 | &nbsp;&nbsp; 2428263 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Life & Health Insurance–(continued)** | **Life & Health Insurance–(continued)** | **Life & Health Insurance–(continued)** | **Life & Health Insurance–(continued)** |
| Corebridge Global Funding, | Corebridge Global Funding, |  |  |
| &nbsp;&nbsp;&nbsp; 5.65% (SOFR + 1.30%), <br> 09/25/2026<sup>(b)(e)</sup> <br>|  | $3810000 | &nbsp;&nbsp; $3837558 |
| &nbsp;&nbsp;&nbsp; 4.65%, 08/20/2027<sup>(b)</sup> <br>|  | 3690000 | &nbsp;&nbsp; 3700234 |
| &nbsp;&nbsp;&nbsp; 5.90%, 09/19/2028<sup>(b)</sup> <br>|  | 1562000 | &nbsp;&nbsp; 1625018 |
| &nbsp;&nbsp;&nbsp; 5.20%, 01/12/2029<sup>(b)</sup> <br>|  | 1211000 | &nbsp;&nbsp; 1234577 |
| &nbsp;&nbsp;&nbsp; 5.20%, 06/24/2029<sup>(b)</sup> <br>|  | 2243000 | &nbsp;&nbsp; 2281504 |
| GA Global Funding Trust, | GA Global Funding Trust, |  |  |
| &nbsp;&nbsp;&nbsp; 4.40%, 09/23/2027<sup>(b)</sup> <br>|  | 4783000 | &nbsp;&nbsp; 4742271 |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/08/2029<sup>(b)</sup> <br>|  | 1986000 | &nbsp;&nbsp; 2028067 |
| Jackson National Life Global Funding, | Jackson National Life Global Funding, |  |  |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/09/2026<sup>(b)</sup> <br>|  | 3966000 | &nbsp;&nbsp; 3984412 |
| &nbsp;&nbsp;&nbsp; 4.70%, 06/05/2028<sup>(b)</sup> <br>|  | 2632000 | &nbsp;&nbsp; 2635710 |
| &nbsp;&nbsp;&nbsp; Lincoln Financial Global Funding, <br> 4.63%, 05/28/2028<sup>(b)</sup> <br>|  | 7216000 | &nbsp;&nbsp; 7233352 |
| &nbsp;&nbsp;&nbsp; Northwestern Mutual Global <br> Funding, 5.07%, <br> 03/25/2027<sup>(b)</sup> <br>|  | 2761000 | &nbsp;&nbsp; 2794679 |
| Pacific Life Global Funding II, | Pacific Life Global Funding II, |  |  |
| &nbsp;&nbsp;&nbsp; 5.39% (SOFR + 1.05%), <br> 07/28/2026<sup>(b)(e)</sup> <br>|  | 4228000 | &nbsp;&nbsp; 4256061 |
| &nbsp;&nbsp;&nbsp; 5.50%, 08/28/2026<sup>(b)</sup> <br>|  | 5972000 | &nbsp;&nbsp; 6052787 |
| &nbsp;&nbsp;&nbsp; 4.50%, 08/28/2029<sup>(b)</sup> <br>|  | 6691000 | &nbsp;&nbsp; 6670622 |
| Pricoa Global Funding I, | Pricoa Global Funding I, |  |  |
| &nbsp;&nbsp;&nbsp; 5.55%, 08/28/2026<sup>(b)</sup> <br>|  | 2508000 | &nbsp;&nbsp; 2541782 |
| &nbsp;&nbsp;&nbsp; 4.40%, 08/27/2027<sup>(b)(c)</sup> <br>|  | 3406000 | &nbsp;&nbsp; 3402291 |
| &nbsp;&nbsp;&nbsp; Principal Life Global Funding II, <br> 5.00%, 01/16/2027<sup>(b)</sup> <br>|  | 1164000 | &nbsp;&nbsp; 1173162 |
| &nbsp;&nbsp;&nbsp; Protective Life Global Funding, <br> 5.37%, 01/06/2026<sup>(b)</sup> <br>|  | 3829000 | &nbsp;&nbsp; 3845707 |
|  |  |  | &nbsp;&nbsp; 80599301 |
| **Managed Health Care–0.49%** | **Managed Health Care–0.49%** | **Managed Health Care–0.49%** | **Managed Health Care–0.49%** |
| &nbsp;&nbsp;&nbsp; Elevance Health, Inc., 5.35%, <br> 10/15/2025<br>|  | 3439000 | &nbsp;&nbsp; 3444577 |
| &nbsp;&nbsp;&nbsp; Humana, Inc., 5.75%, <br> 12/01/2028<sup>(c)</sup> <br>|  | 1228000 | &nbsp;&nbsp; 1268025 |
| UnitedHealth Group, Inc., | UnitedHealth Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.15%, 10/15/2025 |  | 1510000 | &nbsp;&nbsp; 1513408 |
| &nbsp;&nbsp;&nbsp; 4.75%, 07/15/2026 |  | 3784000 | &nbsp;&nbsp; 3793419 |
|  |  |  | &nbsp;&nbsp; 10019429 |
| **Multi-Family Residential REITs–0.44%** | **Multi-Family Residential REITs–0.44%** | **Multi-Family Residential REITs–0.44%** | **Multi-Family Residential REITs–0.44%** |
| &nbsp;&nbsp;&nbsp; Camden Property Trust, 5.85%, <br> 11/03/2026<br>|  | 8690000 | &nbsp;&nbsp; 8845303 |
| **Multi-line Insurance–0.27%** | **Multi-line Insurance–0.27%** | **Multi-line Insurance–0.27%** | **Multi-line Insurance–0.27%** |
| &nbsp;&nbsp;&nbsp; MassMutual Global Funding II, <br> 5.10%, 04/09/2027<sup>(b)(c)</sup> <br>|  | 5324000 | &nbsp;&nbsp; 5397583 |
| **Multi-Utilities–0.43%** | **Multi-Utilities–0.43%** | **Multi-Utilities–0.43%** | **Multi-Utilities–0.43%** |
| &nbsp;&nbsp;&nbsp; Algonquin Power & Utilities Corp. <br> (Canada), 5.37%, 06/15/2026<br>|  | 2586000 | &nbsp;&nbsp; 2598878 |
| &nbsp;&nbsp;&nbsp; DTE Energy Co., 4.95%, <br> 07/01/2027<br>|  | 1012000 | &nbsp;&nbsp; 1020447 |
| &nbsp;&nbsp;&nbsp; NiSource, Inc., 5.25%, <br> 03/30/2028<sup>(c)</sup> <br>|  | 387000 | &nbsp;&nbsp; 394578 |
| Sempra, 6.63%, 04/01/2055<sup>(d)</sup> <br>|  | 1789000 | &nbsp;&nbsp; 1687867 |
| WEC Energy Group, Inc., | WEC Energy Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 09/27/2025 |  | 2286000 | &nbsp;&nbsp; 2286746 |
| &nbsp;&nbsp;&nbsp; 5.15%, 10/01/2027 |  | 788000 | &nbsp;&nbsp; 798860 |
|  |  |  | &nbsp;&nbsp; 8787376 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Office REITs–0.29%** | **Office REITs–0.29%** | **Office REITs–0.29%** | **Office REITs–0.29%** |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership <br> L.P., 8.30%, 03/15/2028<sup>(c)</sup> <br>|  | $4768000 | &nbsp;&nbsp; $5001842 |
| &nbsp;&nbsp;&nbsp; Office Properties Income Trust, <br> 9.00%, 09/30/2029<sup>(b)</sup> <br>|  | 1069000 | &nbsp;&nbsp; 791060 |
|  |  |  | &nbsp;&nbsp; 5792902 |
| **Oil & Gas Exploration & Production–0.88%** | **Oil & Gas Exploration & Production–0.88%** | **Oil & Gas Exploration & Production–0.88%** | **Oil & Gas Exploration & Production–0.88%** |
| Diamondback Energy, Inc., | Diamondback Energy, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.20%, 04/18/2027<sup>(c)</sup> <br>|  | 1410000 | &nbsp;&nbsp; 1424058 |
| &nbsp;&nbsp;&nbsp; 5.15%, 01/30/2030 |  | 1341000 | &nbsp;&nbsp; 1357595 |
| EQT Corp., 6.50%, 07/01/2027<sup>(b)</sup> <br>|  | 9953000 | &nbsp;&nbsp; 10131647 |
| &nbsp;&nbsp;&nbsp; Pioneer Natural Resources Co., <br> 5.10%, 03/29/2026<br>|  | 413000 | &nbsp;&nbsp; 415056 |
| &nbsp;&nbsp;&nbsp; Transocean Titan Financing Ltd., <br> 8.38%, 02/01/2028<sup>(b)</sup> <br>|  | 3162143 | &nbsp;&nbsp; 3213677 |
| &nbsp;&nbsp;&nbsp; Var Energi ASA (Norway), 5.88%, <br> 05/22/2030<sup>(b)</sup> <br>|  | 1346000 | &nbsp;&nbsp; 1361936 |
|  |  |  | &nbsp;&nbsp; 17903969 |
| **Oil & Gas Storage & Transportation–2.73%** | **Oil & Gas Storage & Transportation–2.73%** | **Oil & Gas Storage & Transportation–2.73%** | **Oil & Gas Storage & Transportation–2.73%** |
| &nbsp;&nbsp;&nbsp; Columbia Pipelines Holding Co. LLC, <br> 6.06%, 08/15/2026<sup>(b)</sup> <br>|  | 607000 | &nbsp;&nbsp; 613597 |
| Energy Transfer L.P., | Energy Transfer L.P., |  |  |
| &nbsp;&nbsp;&nbsp; 6.05%, 12/01/2026 |  | 3595000 | &nbsp;&nbsp; 3665077 |
| &nbsp;&nbsp;&nbsp; 5.50%, 06/01/2027 |  | 9611000 | &nbsp;&nbsp; 9744650 |
| &nbsp;&nbsp;&nbsp; 6.10%, 12/01/2028 |  | 1252000 | &nbsp;&nbsp; 1307648 |
| Kinder Morgan, Inc., | Kinder Morgan, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.10%, 08/01/2029 |  | 2828000 | &nbsp;&nbsp; 2868991 |
| &nbsp;&nbsp;&nbsp; 5.15%, 06/01/2030 |  | 1293000 | &nbsp;&nbsp; 1305576 |
| ONEOK, Inc., | ONEOK, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.85%, 01/15/2026 |  | 1855000 | &nbsp;&nbsp; 1865823 |
| &nbsp;&nbsp;&nbsp; 5.55%, 11/01/2026 |  | 1667000 | &nbsp;&nbsp; 1686364 |
| &nbsp;&nbsp;&nbsp; 4.25%, 09/24/2027 |  | 6555000 | &nbsp;&nbsp; 6513836 |
| &nbsp;&nbsp;&nbsp; 5.65%, 11/01/2028 |  | 613000 | &nbsp;&nbsp; 631130 |
| &nbsp;&nbsp;&nbsp; Plains All American Pipeline L.P., <br> Series B, 8.70% (3 mo. Term <br> SOFR + 4.37%)<sup>(e)(f)</sup> <br>|  | 4776000 | &nbsp;&nbsp; 4755446 |
| &nbsp;&nbsp;&nbsp; South Bow USA Infrastructure <br> Holdings LLC (Canada), | &nbsp;&nbsp;&nbsp; South Bow USA Infrastructure <br> Holdings LLC (Canada), |  |  |
| &nbsp;&nbsp;&nbsp; 4.91%, 09/01/2027<sup>(b)</sup> <br>|  | 4891000 | &nbsp;&nbsp; 4895430 |
| &nbsp;&nbsp;&nbsp; 5.03%, 10/01/2029<sup>(b)</sup> <br>|  | 1596000 | &nbsp;&nbsp; 1583152 |
| &nbsp;&nbsp;&nbsp; Tennessee Gas Pipeline Co. LLC, <br> 7.00%, 10/15/2028<br>|  | 7584000 | &nbsp;&nbsp; 8114190 |
| Williams Cos., Inc. (The), | Williams Cos., Inc. (The), |  |  |
| &nbsp;&nbsp;&nbsp; 5.30%, 08/15/2028 |  | 3481000 | &nbsp;&nbsp; 3559369 |
| &nbsp;&nbsp;&nbsp; 4.80%, 11/15/2029<sup>(c)</sup> <br>|  | 2089000 | &nbsp;&nbsp; 2101303 |
|  |  |  | &nbsp;&nbsp; 55211582 |
| **Packaged Foods & Meats–1.16%** | **Packaged Foods & Meats–1.16%** | **Packaged Foods & Meats–1.16%** | **Packaged Foods & Meats–1.16%** |
| &nbsp;&nbsp;&nbsp; General Mills, Inc., 5.50%, <br> 10/17/2028<br>|  | 1608000 | &nbsp;&nbsp; 1660394 |
| &nbsp;&nbsp;&nbsp; Lamb Weston Holdings, Inc., <br> 4.13%, 01/31/2030<sup>(b)</sup> <br>|  | 777000 | &nbsp;&nbsp; 733604 |
| Mars, Inc., | Mars, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.45%, 03/01/2027<sup>(b)(c)</sup> <br>|  | 8062000 | &nbsp;&nbsp; 8073332 |
| &nbsp;&nbsp;&nbsp; 4.60%, 03/01/2028<sup>(b)(c)</sup> <br>|  | 8702000 | &nbsp;&nbsp; 8744991 |
| &nbsp;&nbsp;&nbsp; 4.80%, 03/01/2030<sup>(b)(c)</sup> <br>|  | 3262000 | &nbsp;&nbsp; 3283524 |
| &nbsp;&nbsp;&nbsp; The Campbell's Company, 5.20%, <br> 03/19/2027<br>|  | 894000 | &nbsp;&nbsp; 904544 |
|  |  |  | &nbsp;&nbsp; 23400389 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Paper & Plastic Packaging Products & Materials–0.18%** | **Paper & Plastic Packaging Products & Materials–0.18%** | **Paper & Plastic Packaging Products & Materials–0.18%** | **Paper & Plastic Packaging Products & Materials–0.18%** |
| &nbsp;&nbsp;&nbsp; Berry Global, Inc., 4.88%, <br> 07/15/2026<sup>(b)</sup> <br>|  | $1044000 | &nbsp;&nbsp; $1041422 |
| &nbsp;&nbsp;&nbsp; Sealed Air Corp., 7.25%, <br> 02/15/2031<sup>(b)(c)</sup> <br>|  | 2500000 | &nbsp;&nbsp; 2615457 |
|  |  |  | &nbsp;&nbsp; 3656879 |
| **Passenger Airlines–0.41%** | **Passenger Airlines–0.41%** | **Passenger Airlines–0.41%** | **Passenger Airlines–0.41%** |
| &nbsp;&nbsp;&nbsp; American Airlines Pass-Through <br> Trust, Series 2021-1, Class B, <br> 3.95%, 07/11/2030<br>|  | 1372525 | &nbsp;&nbsp; 1287315 |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc./AAdvantage <br> Loyalty IP Ltd., 5.50%, <br> 04/20/2026<sup>(b)</sup> <br>|  | 500000 | &nbsp;&nbsp; 499458 |
| &nbsp;&nbsp;&nbsp; British Airways Pass-Through Trust <br> (United Kingdom), <br> Series 2019-1, Class A, 3.35%, <br> 06/15/2029<sup>(b)</sup> <br>|  | 241713 | &nbsp;&nbsp; 230852 |
| &nbsp;&nbsp;&nbsp; Delta Air Lines, Inc./SkyMiles IP <br> Ltd., 4.50%, 10/20/2025<sup>(b)</sup> <br>|  | 2002096 | &nbsp;&nbsp; 1994684 |
| United Airlines Pass-Through Trust, | United Airlines Pass-Through Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2016-2, Class B, 3.65%, <br> 10/07/2025<br>|  | 1245298 | &nbsp;&nbsp; 1233498 |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class A, 5.88%, <br> 10/15/2027<br>|  | 1729902 | &nbsp;&nbsp; 1762256 |
| &nbsp;&nbsp;&nbsp; United AirLines, Inc., 4.38%, <br> 04/15/2026<sup>(b)</sup> <br>|  | 1335000 | &nbsp;&nbsp; 1320014 |
|  |  |  | &nbsp;&nbsp; 8328077 |
| **Personal Care Products–0.06%** | **Personal Care Products–0.06%** | **Personal Care Products–0.06%** | **Personal Care Products–0.06%** |
| Coty, Inc., 5.00%, 04/15/2026<sup>(b)</sup> <br>|  | 1274000 | &nbsp;&nbsp; 1271013 |
| **Pharmaceuticals–0.71%** | **Pharmaceuticals–0.71%** | **Pharmaceuticals–0.71%** | **Pharmaceuticals–0.71%** |
| &nbsp;&nbsp;&nbsp; AstraZeneca Finance LLC (United <br> Kingdom), 4.80%, <br> 02/26/2027<sup>(c)</sup> <br>|  | 2840000 | &nbsp;&nbsp; 2871014 |
| Bristol-Myers Squibb Co., | Bristol-Myers Squibb Co., |  |  |
| &nbsp;&nbsp;&nbsp; 4.95%, 02/20/2026 |  | 1983000 | &nbsp;&nbsp; 1989966 |
| &nbsp;&nbsp;&nbsp; 4.90%, 02/22/2027 |  | 619000 | &nbsp;&nbsp; 626391 |
| &nbsp;&nbsp;&nbsp; Johnson & Johnson, 4.50%, <br> 03/01/2027<br>|  | 8883000 | &nbsp;&nbsp; 8960197 |
|  |  |  | &nbsp;&nbsp; 14447568 |
| **Rail Transportation–0.42%** | **Rail Transportation–0.42%** | **Rail Transportation–0.42%** | **Rail Transportation–0.42%** |
| TTX Co., 5.50%, 09/25/2026<sup>(b)</sup> <br>|  | 8392000 | &nbsp;&nbsp; 8487647 |
| **Real Estate Development–0.32%** | **Real Estate Development–0.32%** | **Real Estate Development–0.32%** | **Real Estate Development–0.32%** |
| &nbsp;&nbsp;&nbsp; Piedmont Operating Partnership <br> L.P., 9.25%, 07/20/2028<br>|  | 5805000 | &nbsp;&nbsp; 6412137 |
| **Regional Banks–0.20%** | **Regional Banks–0.20%** | **Regional Banks–0.20%** | **Regional Banks–0.20%** |
| &nbsp;&nbsp;&nbsp; Huntington Bancshares, Inc., <br> 6.21%, 08/21/2029<sup>(d)</sup> <br>|  | 1192000 | &nbsp;&nbsp; 1242821 |
| &nbsp;&nbsp;&nbsp; Santander Holdings USA, Inc., <br> 6.12%, 05/31/2027<sup>(c)(d)</sup> <br>|  | 2749000 | &nbsp;&nbsp; 2774191 |
|  |  |  | &nbsp;&nbsp; 4017012 |
| **Restaurants–0.52%** | **Restaurants–0.52%** | **Restaurants–0.52%** | **Restaurants–0.52%** |
| &nbsp;&nbsp;&nbsp; McDonald's Corp., 4.60%, <br> 05/15/2030<br>|  | 4650000 | &nbsp;&nbsp; 4667705 |
| &nbsp;&nbsp;&nbsp; Raising Cane's Restaurants LLC, <br> 9.38%, 05/01/2029<sup>(b)</sup> <br>|  | 5565000 | &nbsp;&nbsp; 5912607 |
|  |  |  | &nbsp;&nbsp; 10580312 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Retail REITs–0.03%** | **Retail REITs–0.03%** | **Retail REITs–0.03%** | **Retail REITs–0.03%** |
| &nbsp;&nbsp;&nbsp; Realty Income Corp., 5.05%, <br> 01/13/2026<br>|  | $710000 | &nbsp;&nbsp; $708680 |
| **Self-Storage REITs–0.50%** | **Self-Storage REITs–0.50%** | **Self-Storage REITs–0.50%** | **Self-Storage REITs–0.50%** |
| &nbsp;&nbsp;&nbsp; Extra Space Storage L.P., 5.70%, <br> 04/01/2028<br>|  | 829000 | &nbsp;&nbsp; 852382 |
| Public Storage Operating Co., | Public Storage Operating Co., |  |  |
| &nbsp;&nbsp;&nbsp; 5.04% (SOFR + 0.70%), <br> 04/16/2027<sup>(c)(e)</sup> <br>|  | 8464000 | &nbsp;&nbsp; 8465297 |
| &nbsp;&nbsp;&nbsp; 5.13%, 01/15/2029<sup>(c)</sup> <br>|  | 752000 | &nbsp;&nbsp; 772086 |
|  |  |  | &nbsp;&nbsp; 10089765 |
| **Semiconductors–0.65%** | **Semiconductors–0.65%** | **Semiconductors–0.65%** | **Semiconductors–0.65%** |
| Broadcom, Inc., | Broadcom, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.05%, 07/12/2027 |  | 3259000 | &nbsp;&nbsp; 3301563 |
| &nbsp;&nbsp;&nbsp; 4.15%, 02/15/2028 |  | 4776000 | &nbsp;&nbsp; 4753746 |
| Foundry JV Holdco LLC, | Foundry JV Holdco LLC, |  |  |
| &nbsp;&nbsp;&nbsp; 5.90%, 01/25/2030<sup>(b)(c)</sup> <br>|  | 1050000 | &nbsp;&nbsp; 1087040 |
| &nbsp;&nbsp;&nbsp; 5.50%, 01/25/2031<sup>(b)</sup> <br>|  | 3977000 | &nbsp;&nbsp; 4031277 |
|  |  |  | &nbsp;&nbsp; 13173626 |
| **Soft Drinks & Non-alcoholic Beverages–0.50%** | **Soft Drinks & Non-alcoholic Beverages–0.50%** | **Soft Drinks & Non-alcoholic Beverages–0.50%** | **Soft Drinks & Non-alcoholic Beverages–0.50%** |
| Keurig Dr Pepper, Inc., | Keurig Dr Pepper, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 4.92% (SOFR + 0.58%), <br> 11/15/2026<sup>(e)</sup> <br>|  | 9502000 | &nbsp;&nbsp; 9518179 |
| &nbsp;&nbsp;&nbsp; 4.35%, 05/15/2028 |  | 528000 | &nbsp;&nbsp; 526290 |
|  |  |  | &nbsp;&nbsp; 10044469 |
| **Sovereign Debt–1.14%** | **Sovereign Debt–1.14%** | **Sovereign Debt–1.14%** | **Sovereign Debt–1.14%** |
| &nbsp;&nbsp;&nbsp; Indonesia Government <br> International Bond (Indonesia), <br> 4.40%, 03/10/2029<sup>(c)</sup> <br>|  | 9538000 | &nbsp;&nbsp; 9535623 |
| &nbsp;&nbsp;&nbsp; Mexico Government International <br> Bond (Mexico), 5.00%, <br> 05/07/2029<sup>(c)</sup> <br>|  | 9715000 | &nbsp;&nbsp; 9676140 |
| &nbsp;&nbsp;&nbsp; Romanian Government <br> International Bond (Romania), <br> 5.88%, 01/30/2029<sup>(b)</sup> <br>|  | 3794000 | &nbsp;&nbsp; 3781675 |
|  |  |  | &nbsp;&nbsp; 22993438 |
| **Specialized Consumer Services–0.12%** | **Specialized Consumer Services–0.12%** | **Specialized Consumer Services–0.12%** | **Specialized Consumer Services–0.12%** |
| &nbsp;&nbsp;&nbsp; Rentokil Terminix Funding LLC, <br> 5.00%, 04/28/2030<sup>(b)</sup> <br>|  | 2465000 | &nbsp;&nbsp; 2458214 |
| **Specialized Finance–0.07%** | **Specialized Finance–0.07%** | **Specialized Finance–0.07%** | **Specialized Finance–0.07%** |
| &nbsp;&nbsp;&nbsp; Blackstone Private Credit Fund, <br> 7.05%, 09/29/2025<br>|  | 1379000 | &nbsp;&nbsp; 1387860 |
| **Specialty Chemicals–0.18%** | **Specialty Chemicals–0.18%** | **Specialty Chemicals–0.18%** | **Specialty Chemicals–0.18%** |
| &nbsp;&nbsp;&nbsp; OCP S.A. (Morocco), 6.10%, <br> 04/30/2030<sup>(b)</sup> <br>|  | 1149000 | &nbsp;&nbsp; 1151287 |
| &nbsp;&nbsp;&nbsp; Wayfair LLC, 7.25%, <br> 10/31/2029<sup>(b)(c)</sup> <br>|  | 2500000 | &nbsp;&nbsp; 2441081 |
|  |  |  | &nbsp;&nbsp; 3592368 |
| **Steel–0.47%** | **Steel–0.47%** | **Steel–0.47%** | **Steel–0.47%** |
| &nbsp;&nbsp;&nbsp; ArcelorMittal S.A. (Luxembourg), <br> 6.55%, 11/29/2027<br>|  | 2473000 | &nbsp;&nbsp; 2565515 |
| Cleveland-Cliffs, Inc., | Cleveland-Cliffs, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.88%, 06/01/2027<sup>(c)</sup> <br>|  | 1500000 | &nbsp;&nbsp; 1478311 |
| &nbsp;&nbsp;&nbsp; 6.88%, 11/01/2029<sup>(b)</sup> <br>|  | 1950000 | &nbsp;&nbsp; 1814669 |
| &nbsp;&nbsp;&nbsp; POSCO (South Korea), 5.63%, <br> 01/17/2026<sup>(b)</sup> <br>|  | 2197000 | &nbsp;&nbsp; 2208540 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Steel–(continued)** | **Steel–(continued)** | **Steel–(continued)** | **Steel–(continued)** |
| &nbsp;&nbsp;&nbsp; POSCO Holdings, Inc. (South Korea), <br> 5.13%, 05/07/2030<sup>(b)</sup> <br>|  | $1415000 | &nbsp;&nbsp; $1417938 |
|  |  |  | &nbsp;&nbsp; 9484973 |
| **Systems Software–0.10%** | **Systems Software–0.10%** | **Systems Software–0.10%** | **Systems Software–0.10%** |
| &nbsp;&nbsp;&nbsp; Oracle Corp., 5.80%, <br> 11/10/2025<br>|  | 1944000 | &nbsp;&nbsp; 1954401 |
| **Tobacco–0.91%** | **Tobacco–0.91%** | **Tobacco–0.91%** | **Tobacco–0.91%** |
| &nbsp;&nbsp;&nbsp; Altria Group, Inc., 4.88%, <br> 02/04/2028<sup>(c)</sup> <br>|  | 2433000 | &nbsp;&nbsp; 2456165 |
| Philip Morris International, Inc., | Philip Morris International, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/17/2025 |  | 2297000 | &nbsp;&nbsp; 2301218 |
| &nbsp;&nbsp;&nbsp; 4.75%, 02/12/2027 |  | 3904000 | &nbsp;&nbsp; 3934384 |
| &nbsp;&nbsp;&nbsp; 4.38%, 11/01/2027 |  | 4953000 | &nbsp;&nbsp; 4955673 |
| &nbsp;&nbsp;&nbsp; 5.13%, 11/17/2027 |  | 1212000 | &nbsp;&nbsp; 1233837 |
| &nbsp;&nbsp;&nbsp; 4.13%, 04/28/2028 |  | 1610000 | &nbsp;&nbsp; 1600116 |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/07/2028 |  | 1864000 | &nbsp;&nbsp; 1911805 |
|  |  |  | &nbsp;&nbsp; 18393198 |
| **Trading Companies & Distributors–0.18%** | **Trading Companies & Distributors–0.18%** | **Trading Companies & Distributors–0.18%** | **Trading Companies & Distributors–0.18%** |
| &nbsp;&nbsp;&nbsp; Air Lease Corp., Series B, <br> 4.65%<sup>(d)(f)</sup> <br>|  | 1351000 | &nbsp;&nbsp; 1332273 |
| &nbsp;&nbsp;&nbsp; Mitsubishi Corp. (Japan), 5.00%, <br> 07/02/2029<sup>(b)</sup> <br>|  | 2193000 | &nbsp;&nbsp; 2231653 |
|  |  |  | &nbsp;&nbsp; 3563926 |
| **Transaction & Payment Processing Services–0.31%** | **Transaction & Payment Processing Services–0.31%** | **Transaction & Payment Processing Services–0.31%** | **Transaction & Payment Processing Services–0.31%** |
| Fiserv, Inc., 5.15%, 03/15/2027 |  | 6233000 | &nbsp;&nbsp; 6302932 |
| **Wireless Telecommunication Services–0.05%** | **Wireless Telecommunication Services–0.05%** | **Wireless Telecommunication Services–0.05%** | **Wireless Telecommunication Services–0.05%** |
| &nbsp;&nbsp;&nbsp; T-Mobile USA, Inc., 4.95%, <br> 03/15/2028<sup>(c)</sup> <br>|  | 990000 | &nbsp;&nbsp; 1004908 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br> (Cost $1,417,531,456) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br> (Cost $1,417,531,456) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Dollar Denominated Bonds & Notes <br> (Cost $1,417,531,456) | &nbsp;&nbsp; 1428088196 |
| **Asset-Backed Securities–24.78%** | **Asset-Backed Securities–24.78%** | **Asset-Backed Securities–24.78%** | **Asset-Backed Securities–24.78%** |
| &nbsp;&nbsp;&nbsp; AGL CLO 17 Ltd., Series 2022-<br> 17A, Class AR, 5.22% (3 mo. <br> Term SOFR + 0.95%), <br> 01/21/2035<sup>(b)(e)</sup> <br>|  | 4509000 | &nbsp;&nbsp; 4481441 |
| &nbsp;&nbsp;&nbsp; ALA Trust, Series 2025-OANA, <br> Class B, 6.14% (1 mo. Term <br> SOFR + 1.84%), <br> 06/15/2030<sup>(b)(e)</sup> <br>|  | 6200000 | &nbsp;&nbsp; 6202664 |
| Angel Oak Mortgage Trust, | Angel Oak Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class A1, <br> 2.16%, 12/25/2059<sup>(b)(g)</sup> <br>|  | 373546 | &nbsp;&nbsp; 362674 |
| &nbsp;&nbsp;&nbsp; Series 2020-3, Class A1, <br> 1.69%, 04/25/2065<sup>(b)(g)</sup> <br>|  | 1550297 | &nbsp;&nbsp; 1458755 |
| &nbsp;&nbsp;&nbsp; Series 2020-5, Class A1, <br> 1.37%, 05/25/2065<sup>(b)(g)</sup> <br>|  | 703949 | &nbsp;&nbsp; 674674 |
| &nbsp;&nbsp;&nbsp; Series 2021-3, Class A1, <br> 1.07%, 05/25/2066<sup>(b)(g)</sup> <br>|  | 2314370 | &nbsp;&nbsp; 1992822 |
| &nbsp;&nbsp;&nbsp; Series 2021-7, Class A1, <br> 1.98%, 10/25/2066<sup>(b)(g)</sup> <br>|  | 8943270 | &nbsp;&nbsp; 7663011 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A1, <br> 2.88%, 12/25/2066<sup>(b)</sup> <br>|  | 5623422 | &nbsp;&nbsp; 5164703 |
| &nbsp;&nbsp;&nbsp; Series 2023-6, Class A1, <br> 6.50%, 12/25/2067<sup>(b)</sup> <br>|  | 4023078 | &nbsp;&nbsp; 4048643 |
| &nbsp;&nbsp;&nbsp; Series 2024-10, Class A1, <br> 5.35%, 10/25/2069<sup>(b)</sup> <br>|  | 3321505 | &nbsp;&nbsp; 3308874 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class A1, <br> 5.99%, 01/25/2069<sup>(b)</sup> <br>|  | 5109344 | &nbsp;&nbsp; 5124498 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| &nbsp;&nbsp;&nbsp; Avis Budget Rental Car Funding <br> (AESOP) LLC, | &nbsp;&nbsp;&nbsp; Avis Budget Rental Car Funding <br> (AESOP) LLC, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-5A, Class A, <br> 6.12%, 04/20/2027<sup>(b)</sup> <br>|  | $19000000 | &nbsp;&nbsp; $19169495 |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A, <br> 5.25%, 04/20/2029<sup>(b)</sup> <br>|  | 2033000 | &nbsp;&nbsp; 2067685 |
| &nbsp;&nbsp;&nbsp; Series 2023-2A, Class A, <br> 5.20%, 10/20/2027<sup>(b)</sup> <br>|  | 2425000 | &nbsp;&nbsp; 2439768 |
| &nbsp;&nbsp;&nbsp; Series 2023-4A, Class A, <br> 5.49%, 06/20/2029<sup>(b)</sup> <br>|  | 6690000 | &nbsp;&nbsp; 6855418 |
| &nbsp;&nbsp;&nbsp; Bain Capital Credit CLO Ltd. (Cayman <br> Islands), | &nbsp;&nbsp;&nbsp; Bain Capital Credit CLO Ltd. (Cayman <br> Islands), |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-1A, Class AR, <br> 5.21% (3 mo. Term SOFR + <br> 0.94%), 04/18/2034<sup>(b)(e)</sup> <br>|  | 2452000 | &nbsp;&nbsp; 2438043 |
| &nbsp;&nbsp;&nbsp; Series 2022-1A, Class A1, <br> 5.59% (3 mo. Term SOFR + <br> 1.32%), 04/18/2035<sup>(b)(e)</sup> <br>|  | 2554000 | &nbsp;&nbsp; 2557315 |
| &nbsp;&nbsp;&nbsp; Banc of America Mortgage Trust, <br> Series 2004-D, Class 2A2, <br> 6.48%, 05/25/2034<sup>(g)</sup> <br>|  | 8843 | &nbsp;&nbsp; 8567 |
| &nbsp;&nbsp;&nbsp; Bayview MSR Opportunity Master Fund <br> Trust, | &nbsp;&nbsp;&nbsp; Bayview MSR Opportunity Master Fund <br> Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-4, Class A8, <br> 2.50%, 10/25/2051<sup>(b)(g)</sup> <br>|  | 4440757 | &nbsp;&nbsp; 3937905 |
| &nbsp;&nbsp;&nbsp; Series 2021-5, Class A1, <br> 3.00%, 11/25/2051<sup>(b)(g)</sup> <br>|  | 5314555 | &nbsp;&nbsp; 4443415 |
| &nbsp;&nbsp;&nbsp; Bear Stearns Adjustable Rate Mortgage <br> Trust, | &nbsp;&nbsp;&nbsp; Bear Stearns Adjustable Rate Mortgage <br> Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005-9, Class A1, <br> 0.76% (1 yr. U.S. Treasury Yield <br> Curve Rate + 2.30%), <br> 10/25/2035<sup>(e)</sup> <br>|  | 74479 | &nbsp;&nbsp; 70364 |
| &nbsp;&nbsp;&nbsp; Series 2006-1, Class A1, <br> 0.65% (1 yr. U.S. Treasury Yield <br> Curve Rate + 2.25%), <br> 02/25/2036<sup>(e)</sup> <br>|  | 161116 | &nbsp;&nbsp; 153007 |
| &nbsp;&nbsp;&nbsp; Benchmark Mortgage Trust, <br> Series 2018-B1, Class XA, IO, <br> 0.53%, 01/15/2051<sup>(h)</sup> <br>|  | 16663860 | &nbsp;&nbsp; 186327 |
| &nbsp;&nbsp;&nbsp; Benefit Street Partners CLO XXV <br> Ltd., Series 2021-25A, <br> Class A1R, 5.26% (3 mo. Term <br> SOFR + 1.00%), <br> 01/15/2035<sup>(b)(e)</sup> <br>|  | 5262000 | &nbsp;&nbsp; 5254239 |
| &nbsp;&nbsp;&nbsp; BRAVO Residential Funding Trust, <br> Series 2021-NQM2, Class A1, <br> 0.97%, 03/25/2060<sup>(b)(g)</sup> <br>|  | 686493 | &nbsp;&nbsp; 663318 |
| &nbsp;&nbsp;&nbsp; BSTN Commercial Mortgage Trust, <br> Series 2025-1C, Class A, <br> 5.55%, 06/15/2044<sup>(b)(g)</sup> <br>|  | 756000 | &nbsp;&nbsp; 762219 |
| &nbsp;&nbsp;&nbsp; Buckhorn Park CLO Ltd., <br> Series 2019-1A, Class ARR, <br> 5.34% (3 mo. Term SOFR + <br> 1.07%), 07/18/2034<sup>(b)(e)</sup> <br>|  | 1523000 | &nbsp;&nbsp; 1521180 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| BX Commercial Mortgage Trust, | BX Commercial Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-ACNT, Class A, <br> 5.29% (1 mo. Term SOFR + <br> 0.96%), 11/15/2038<sup>(b)(e)</sup> <br>|  | $2961966 | &nbsp;&nbsp; $2961160 |
| &nbsp;&nbsp;&nbsp; Series 2021-VOLT, Class A, <br> 5.14% (1 mo. Term SOFR + <br> 0.81%), 09/15/2036<sup>(b)(e)</sup> <br>|  | 6565000 | &nbsp;&nbsp; 6534630 |
| &nbsp;&nbsp;&nbsp; Series 2021-VOLT, Class B, <br> 5.39% (1 mo. Term SOFR + <br> 1.06%), 09/15/2036<sup>(b)(e)</sup> <br>|  | 11325000 | &nbsp;&nbsp; 11259660 |
| &nbsp;&nbsp;&nbsp; Series 2021-VOLT, Class C, <br> 5.54% (1 mo. Term SOFR + <br> 1.21%), 09/15/2036<sup>(b)(e)</sup> <br>|  | 2795000 | &nbsp;&nbsp; 2779030 |
| &nbsp;&nbsp;&nbsp; Series 2021-VOLT, Class D, <br> 6.09% (1 mo. Term SOFR + <br> 1.76%), 09/15/2036<sup>(b)(e)</sup> <br>|  | 6464000 | &nbsp;&nbsp; 6428035 |
| BX Trust, | BX Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-LGCY, Class A, <br> 4.95% (1 mo. Term SOFR + <br> 0.62%), 10/15/2036<sup>(b)(e)</sup> <br>|  | 25000000 | &nbsp;&nbsp; 24890840 |
| &nbsp;&nbsp;&nbsp; Series 2022-LBA6, Class A, <br> 5.33% (1 mo. Term SOFR + <br> 1.00%), 01/15/2039<sup>(b)(e)</sup> <br>|  | 5550000 | &nbsp;&nbsp; 5541556 |
| &nbsp;&nbsp;&nbsp; Series 2022-LBA6, Class B, <br> 5.63% (1 mo. Term SOFR + <br> 1.30%), 01/15/2039<sup>(b)(e)</sup> <br>|  | 3435000 | &nbsp;&nbsp; 3429340 |
| &nbsp;&nbsp;&nbsp; Series 2022-LBA6, Class C, <br> 5.93% (1 mo. Term SOFR + <br> 1.60%), 01/15/2039<sup>(b)(e)</sup> <br>|  | 1835000 | &nbsp;&nbsp; 1831182 |
| &nbsp;&nbsp;&nbsp; Series 2025-VLT6, Class A, <br> 5.77% (1 mo. Term SOFR + <br> 1.44%), 03/15/2042<sup>(b)(e)</sup> <br>|  | 4055000 | &nbsp;&nbsp; 4041361 |
| &nbsp;&nbsp;&nbsp; Series 2025-VLT6, Class B, <br> 6.22% (1 mo. Term SOFR + <br> 1.89%), 03/15/2042<sup>(b)(e)</sup> <br>|  | 2870000 | &nbsp;&nbsp; 2854597 |
| &nbsp;&nbsp;&nbsp; CarMax Auto Owner Trust, <br> Series 2022-4, Class A4, <br> 5.70%, 07/17/2028<br>|  | 11274000 | &nbsp;&nbsp; 11435685 |
| &nbsp;&nbsp;&nbsp; CD Mortgage Trust, Series 2017-<br> CD6, Class XA, IO, 0.89%, <br> 11/13/2050<sup>(h)</sup> <br>|  | 6862672 | &nbsp;&nbsp; 105633 |
| &nbsp;&nbsp;&nbsp; Cedar Funding XI CLO Ltd., <br> Series 2019-11A, Class A1R2, <br> 5.39% (3 mo. Term SOFR + <br> 1.06%), 05/29/2032<sup>(b)(e)</sup> <br>|  | 2737836 | &nbsp;&nbsp; 2734252 |
| Chase Home Lending Mortgage Trust, | Chase Home Lending Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-ATR1, Class A15, <br> 4.00%, 04/25/2049<sup>(b)(g)</sup> <br>|  | 42360 | &nbsp;&nbsp; 40126 |
| &nbsp;&nbsp;&nbsp; Series 2019-ATR2, Class A3, <br> 3.50%, 07/25/2049<sup>(b)(g)</sup> <br>|  | 1326354 | &nbsp;&nbsp; 1194427 |
| &nbsp;&nbsp;&nbsp; Chase Mortgage Finance Trust, <br> Series 2005-A2, Class 1A3, <br> 4.92%, 01/25/2036<sup>(g)</sup> <br>|  | 174261 | &nbsp;&nbsp; 161574 |
| &nbsp;&nbsp;&nbsp; Citigroup Commercial Mortgage <br> Trust, Series 2017-C4, <br> Class XA, IO, 0.98%, <br> 10/12/2050<sup>(h)</sup> <br>|  | 18152837 | &nbsp;&nbsp; 353231 |
| Citigroup Mortgage Loan Trust, Inc., | Citigroup Mortgage Loan Trust, Inc., |  |  |
| &nbsp;&nbsp;&nbsp; Series 2004-UST1, Class A4, <br> 7.43%, 08/25/2034<sup>(g)</sup> <br>|  | 25318 | &nbsp;&nbsp; 23891 |
| &nbsp;&nbsp;&nbsp; Series 2006-AR1, Class 1A1, <br> 6.56% (1 yr. U.S. Treasury Yield <br> Curve Rate + 2.40%), <br> 10/25/2035<sup>(e)</sup> <br>|  | 294904 | &nbsp;&nbsp; 282239 |
| &nbsp;&nbsp;&nbsp; Series 2021-INV3, Class A3, <br> 2.50%, 05/25/2051<sup>(b)(g)</sup> <br>|  | 5058754 | &nbsp;&nbsp; 4052851 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| COLT Mortgage Loan Trust, | COLT Mortgage Loan Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-5, Class A1, <br> 1.73%, 11/26/2066<sup>(b)(g)</sup> <br>|  | $4308435 | &nbsp;&nbsp; $3844933 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A1, <br> 2.28%, 12/27/2066<sup>(b)(g)</sup> <br>|  | 3212425 | &nbsp;&nbsp; 2879578 |
| &nbsp;&nbsp;&nbsp; Series 2022-2, Class A1, <br> 2.99%, 02/25/2067<sup>(b)</sup> <br>|  | 3260996 | &nbsp;&nbsp; 3078908 |
| &nbsp;&nbsp;&nbsp; Series 2022-5, Class A1, <br> 4.55%, 04/25/2067<sup>(b)(g)</sup> <br>|  | 11235154 | &nbsp;&nbsp; 11202391 |
| &nbsp;&nbsp;&nbsp; Countrywide Home Loans Mortgage <br> Pass-Through Trust, | &nbsp;&nbsp;&nbsp; Countrywide Home Loans Mortgage <br> Pass-Through Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2005-17, Class 1A8, <br> 5.50%, 09/25/2035<br>|  | 130636 | &nbsp;&nbsp; 128488 |
| &nbsp;&nbsp;&nbsp; Series 2005-J4, Class A7, <br> 5.50%, 11/25/2035<br>|  | 237708 | &nbsp;&nbsp; 196613 |
| Credit Suisse Mortgage Capital Trust, | Credit Suisse Mortgage Capital Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-AFC1, Class A1, <br> 3.24%, 02/25/2050<sup>(b)(g)</sup> <br>|  | 2355116 | &nbsp;&nbsp; 2233684 |
| &nbsp;&nbsp;&nbsp; Series 2021-INV1, Class A4, <br> 2.50%, 07/25/2056<sup>(b)(g)</sup> <br>|  | 10648847 | &nbsp;&nbsp; 9599371 |
| &nbsp;&nbsp;&nbsp; Series 2021-NQM1, Class A1, <br> 0.81%, 05/25/2065<sup>(b)(g)</sup> <br>|  | 656037 | &nbsp;&nbsp; 595430 |
| &nbsp;&nbsp;&nbsp; Series 2021-NQM2, Class A1, <br> 1.18%, 02/25/2066<sup>(b)(g)</sup> <br>|  | 3262959 | &nbsp;&nbsp; 2922108 |
| &nbsp;&nbsp;&nbsp; Series 2022-ATH1, Class A1A, <br> 2.87%, 01/25/2067<sup>(b)(g)</sup> <br>|  | 3911510 | &nbsp;&nbsp; 3759349 |
| &nbsp;&nbsp;&nbsp; Series 2022-ATH2, Class A1, <br> 4.55%, 05/25/2067<sup>(b)(g)</sup> <br>|  | 4748516 | &nbsp;&nbsp; 4734380 |
| &nbsp;&nbsp;&nbsp; Series 2022-NQM4, Class A1A, <br> 4.82%, 06/25/2067<sup>(b)</sup> <br>|  | 7391855 | &nbsp;&nbsp; 7362584 |
| Ellington Financial Mortgage Trust, | Ellington Financial Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class A1, <br> 2.01%, 05/25/2065<sup>(b)(g)</sup> <br>|  | 86684 | &nbsp;&nbsp; 85698 |
| &nbsp;&nbsp;&nbsp; Series 2021-1, Class A1, <br> 0.80%, 02/25/2066<sup>(b)(g)</sup> <br>|  | 882005 | &nbsp;&nbsp; 747961 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A1, <br> 2.21%, 01/25/2067<sup>(b)(g)</sup> <br>|  | 3204504 | &nbsp;&nbsp; 2776190 |
| &nbsp;&nbsp;&nbsp; Series 2022-3, Class A1, <br> 5.00%, 08/25/2067<sup>(b)</sup> <br>|  | 4611935 | &nbsp;&nbsp; 4595035 |
| Enterprise Fleet Financing LLC, | Enterprise Fleet Financing LLC, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class A2, <br> 5.74%, 12/20/2026<sup>(b)</sup> <br>|  | 1118620 | &nbsp;&nbsp; 1123703 |
| &nbsp;&nbsp;&nbsp; Series 2024-2, Class A3, <br> 5.61%, 04/20/2028<sup>(b)</sup> <br>|  | 730000 | &nbsp;&nbsp; 741662 |
| &nbsp;&nbsp;&nbsp; Series 2024-4, Class A3, <br> 4.56%, 11/20/2028<sup>(b)</sup> <br>|  | 1490000 | &nbsp;&nbsp; 1493790 |
| Flagstar Mortgage Trust, | Flagstar Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-11IN, Class A6, <br> 3.70%, 11/25/2051<sup>(b)(g)</sup> <br>|  | 7618745 | &nbsp;&nbsp; 6768496 |
| &nbsp;&nbsp;&nbsp; Series 2021-8INV, Class A6, <br> 2.50%, 09/25/2051<sup>(b)(g)</sup> <br>|  | 1592397 | &nbsp;&nbsp; 1419509 |
| &nbsp;&nbsp;&nbsp; Fort Greene Park CLO LLC, <br> Series 2025-2A, Class AR, <br> 5.22% (3 mo. Term SOFR + <br> 0.95%), 04/22/2034<sup>(b)(e)</sup> <br>|  | 5654000 | &nbsp;&nbsp; 5620342 |
| &nbsp;&nbsp;&nbsp; Frontier Issuer LLC, <br> Series 2023-1, Class A2, <br> 6.60%, 08/20/2053<sup>(b)</sup> <br>|  | 5507791 | &nbsp;&nbsp; 5589675 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| GCAT Trust, | GCAT Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-NQM3, Class A1, <br> 3.69%, 11/25/2059<sup>(b)(g)</sup> <br>|  | $1090037 | &nbsp;&nbsp; $1058097 |
| &nbsp;&nbsp;&nbsp; Series 2020-NQM2, Class A1, <br> 2.56%, 04/25/2065<sup>(b)</sup> <br>|  | 505000 | &nbsp;&nbsp; 482655 |
| &nbsp;&nbsp;&nbsp; Series 2024-INV1, Class 2A2, <br> 6.50%, 01/25/2054<sup>(b)(g)</sup> <br>|  | 2533627 | &nbsp;&nbsp; 2571618 |
| &nbsp;&nbsp;&nbsp; Series 2025-NQM2, Class A1, <br> 5.60%, 04/25/2070<sup>(b)</sup> <br>|  | 1840000 | &nbsp;&nbsp; 1844430 |
| &nbsp;&nbsp;&nbsp; Goldentree Loan Management US <br> CLO 1 Ltd., Series 2017-1A, <br> Class A1R3, 5.24% (3 mo. <br> Term SOFR + 0.97%), <br> 04/20/2034<sup>(b)(e)</sup> <br>|  | 1680000 | &nbsp;&nbsp; 1678780 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management US <br> CLO 5 Ltd., Series 2019-5A, <br> Class ARR, 5.34% (3 mo. Term <br> SOFR + 1.07%), <br> 10/20/2032<sup>(b)(e)</sup> <br>|  | 5776171 | &nbsp;&nbsp; 5779839 |
| &nbsp;&nbsp;&nbsp; GoldenTree Loan Management US <br> CLO 8 Ltd., Series 2020-8A, <br> Class ARR, 5.42% (3 mo. Term <br> SOFR + 1.15%), <br> 10/20/2034<sup>(b)(e)</sup> <br>|  | 2228000 | &nbsp;&nbsp; 2227260 |
| &nbsp;&nbsp;&nbsp; Golub Capital Partners CLO 53(B) <br> Ltd., Series 2021-53A, <br> Class AR, 5.29% (3 mo. Term <br> SOFR + 0.98%), <br> 07/20/2034<sup>(b)(e)</sup> <br>|  | 6284000 | &nbsp;&nbsp; 6241765 |
| &nbsp;&nbsp;&nbsp; GS Mortgage-Backed Securities <br> Trust, Series 2021-INV1, <br> Class A6, 2.50%, <br> 12/25/2051<sup>(b)(g)</sup> <br>|  | 4112711 | &nbsp;&nbsp; 3641681 |
| &nbsp;&nbsp;&nbsp; GSR Mortgage Loan Trust, <br> Series 2005-AR4, Class 6A1, <br> 5.50%, 07/25/2035<sup>(g)</sup> <br>|  | 16868 | &nbsp;&nbsp; 15838 |
| &nbsp;&nbsp;&nbsp; Hilton Grand Vacations Trust, <br> Series 2019 AA, Class A, <br> 2.34%, 07/25/2033<sup>(b)</sup> <br>|  | 603627 | &nbsp;&nbsp; 591610 |
| &nbsp;&nbsp;&nbsp; HPEFS Equipment Trust, <br> Series 2023-2A, Class A2, <br> 6.04%, 01/21/2031<sup>(b)</sup> <br>|  | 235131 | &nbsp;&nbsp; 235451 |
| &nbsp;&nbsp;&nbsp; ICG US CLO Ltd., Series 2016-1A, <br> Class A1RR, 5.79% (3 mo. Term <br> SOFR + 1.51%), <br> 04/29/2034<sup>(b)(e)</sup> <br>|  | 2998492 | &nbsp;&nbsp; 3001257 |
| &nbsp;&nbsp;&nbsp; IP Lending IV Ltd., Series 2022-<br> 4A, Class SNR, 6.05%, <br> 04/28/2027<sup>(b)(i)</sup> <br>|  | 6557000 | &nbsp;&nbsp; 6491430 |
| &nbsp;&nbsp;&nbsp; IP Mortgage Trust, Series 2025-IP, <br> Class A, 5.25%, <br> 06/10/2042<sup>(b)(g)</sup> <br>|  | 3000000 | &nbsp;&nbsp; 2999999 |
| &nbsp;&nbsp;&nbsp; JP Morgan Mortgage Trust, <br> Series 2007-A1, Class 5A1, <br> 5.04%, 07/25/2035<sup>(g)</sup> <br>|  | 79454 | &nbsp;&nbsp; 80550 |
| &nbsp;&nbsp;&nbsp; JPMBB Commercial Mortgage <br> Securities Trust, Series 2015-<br> C27, Class XA, IO, 0.78%, <br> 02/15/2048<sup>(h)</sup> <br>|  | 3568092 | &nbsp;&nbsp; 90 |
| &nbsp;&nbsp;&nbsp; KKR Financial CLO Ltd., <br> Series 2013-1A, Class A1R2, <br> 5.36% (3 mo. Term SOFR + <br> 1.10%), 04/15/2029<sup>(b)(e)</sup> <br>|  | 242909 | &nbsp;&nbsp; 243020 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| &nbsp;&nbsp;&nbsp; Mello Mortgage Capital Acceptance <br> Trust, | &nbsp;&nbsp;&nbsp; Mello Mortgage Capital Acceptance <br> Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-INV2, Class A4, <br> 2.50%, 08/25/2051<sup>(b)(g)</sup> <br>|  | $3128145 | &nbsp;&nbsp; $2758234 |
| &nbsp;&nbsp;&nbsp; Series 2021-INV3, Class A4, <br> 2.50%, 10/25/2051<sup>(b)(g)</sup> <br>|  | 3125374 | &nbsp;&nbsp; 2770560 |
| &nbsp;&nbsp;&nbsp; Merrill Lynch Mortgage Investors <br> Trust, Series 2005-3, Class 3A, <br> 2.39%, 11/25/2035<sup>(g)</sup> <br>|  | 199171 | &nbsp;&nbsp; 185364 |
| &nbsp;&nbsp;&nbsp; MFA Trust, Series 2021-INV2, <br> Class A1, 1.91%, <br> 11/25/2056<sup>(b)(g)</sup> <br>|  | 5894101 | &nbsp;&nbsp; 5216551 |
| &nbsp;&nbsp;&nbsp; MMAF Equipment Finance LLC, <br> Series 2020-A, Class A3, <br> 0.97%, 04/09/2027<sup>(b)</sup> <br>|  | 1848207 | &nbsp;&nbsp; 1814701 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Capital I Trust, <br> Series 2017-HR2, Class XA, IO, <br> 0.85%, 12/15/2050<sup>(h)</sup> <br>|  | 6867765 | &nbsp;&nbsp; 123444 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley Residential <br> Mortgage Loan Trust, <br> Series 2025-NQM1, Class A1, <br> 5.74%, 11/25/2069<sup>(b)(g)</sup> <br>|  | 5685544 | &nbsp;&nbsp; 5708170 |
| &nbsp;&nbsp;&nbsp; Navient Refinance Loan Trust, <br> Series 2025-A, Class A, 5.15%, <br> 02/16/2055<sup>(b)</sup> <br>|  | 2600174 | &nbsp;&nbsp; 2613101 |
| New Residential Mortgage Loan Trust, | New Residential Mortgage Loan Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-NQM4, Class A1, <br> 2.49%, 09/25/2059<sup>(b)(g)</sup> <br>|  | 433798 | &nbsp;&nbsp; 412961 |
| &nbsp;&nbsp;&nbsp; Series 2020-NQM1, Class A1, <br> 2.46%, 01/26/2060<sup>(b)(g)</sup> <br>|  | 844153 | &nbsp;&nbsp; 794403 |
| &nbsp;&nbsp;&nbsp; Series 2022-NQM2, Class A1, <br> 3.08%, 03/27/2062<sup>(b)(g)</sup> <br>|  | 3196009 | &nbsp;&nbsp; 2991535 |
| &nbsp;&nbsp;&nbsp; Oaktree CLO Ltd., Series 2021-2A, <br> Class AR, 5.23% (3 mo. Term <br> SOFR + 0.97%), <br> 01/15/2035<sup>(b)(e)</sup> <br>|  | 5654000 | &nbsp;&nbsp; 5614626 |
| OBX Trust, | OBX Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2019-EXP1, Class 1A3, <br> 4.00%, 01/25/2059<sup>(b)(g)</sup> <br>|  | 40073 | &nbsp;&nbsp; 39501 |
| &nbsp;&nbsp;&nbsp; Series 2021-NQM4, Class A1, <br> 1.96%, 10/25/2061<sup>(b)(g)</sup> <br>|  | 4767166 | &nbsp;&nbsp; 4025858 |
| &nbsp;&nbsp;&nbsp; Series 2022-NQM1, Class A1, <br> 2.31%, 11/25/2061<sup>(b)(g)</sup> <br>|  | 3931216 | &nbsp;&nbsp; 3493682 |
| &nbsp;&nbsp;&nbsp; Series 2022-NQM7, Class A1, <br> 5.11%, 08/25/2062<sup>(b)</sup> <br>|  | 2845946 | &nbsp;&nbsp; 2828986 |
| &nbsp;&nbsp;&nbsp; Series 2022-NQM8, Class A1, <br> 6.10%, 09/25/2062<sup>(b)</sup> <br>|  | 6386467 | &nbsp;&nbsp; 6375758 |
| &nbsp;&nbsp;&nbsp; Series 2023-NQM1, Class A1, <br> 6.12%, 11/25/2062<sup>(b)(g)</sup> <br>|  | 2650293 | &nbsp;&nbsp; 2648641 |
| &nbsp;&nbsp;&nbsp; Oceanview Mortgage Trust, <br> Series 2021-3, Class A5, <br> 2.50%, 07/25/2051<sup>(b)(g)</sup> <br>|  | 3597099 | &nbsp;&nbsp; 3206083 |
| &nbsp;&nbsp;&nbsp; Pikes Peak CLO 6, Series 2020-6A, <br> Class ARR, 5.26% (3 mo. Term <br> SOFR + 0.94%), <br> 05/18/2034<sup>(b)(e)</sup> <br>|  | 3978000 | &nbsp;&nbsp; 3964141 |
| &nbsp;&nbsp;&nbsp; PPM CLO 3 Ltd., Series 2019-3A, <br> Class AR, 5.63% (3 mo. Term <br> SOFR + 1.35%), <br> 04/17/2034<sup>(b)(e)</sup> <br>|  | 3874000 | &nbsp;&nbsp; 3879811 |
| PRKCM Trust, | PRKCM Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-AFC2, Class M1, <br> 5.34%, 08/25/2057<sup>(b)(g)</sup> <br>|  | 4559335 | &nbsp;&nbsp; 4540511 |
| &nbsp;&nbsp;&nbsp; Series 2023-AFC4, Class A1, <br> 7.23%, 11/25/2058<sup>(b)</sup> <br>|  | 4724519 | &nbsp;&nbsp; 4796114 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| Progress Residential Trust, | Progress Residential Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2021-SFR10, Class A, <br> 2.39%, 12/17/2040<sup>(b)</sup> <br>|  | $3179514 | &nbsp;&nbsp; $2949828 |
| &nbsp;&nbsp;&nbsp; Series 2022-SFR5, Class A, <br> 4.45%, 06/17/2039<sup>(b)</sup> <br>|  | 8311125 | &nbsp;&nbsp; 8269139 |
| &nbsp;&nbsp;&nbsp; Qdoba Funding LLC, <br> Series 2023-1A, Class A2, <br> 8.50%, 09/14/2053<sup>(b)</sup> <br>|  | 6368040 | &nbsp;&nbsp; 6643038 |
| &nbsp;&nbsp;&nbsp; Rate Mortgage Trust, <br> Series 2025-J1, Class A4, <br> 6.00%, 03/25/2055<sup>(b)(g)</sup> <br>|  | 2253290 | &nbsp;&nbsp; 2266481 |
| &nbsp;&nbsp;&nbsp; Regatta XIII Funding Ltd., <br> Series 2018-2A, Class A1R, <br> 5.36% (3 mo. Term SOFR + <br> 1.10%), 07/15/2031<sup>(b)(e)</sup> <br>|  | 2053951 | &nbsp;&nbsp; 2054583 |
| &nbsp;&nbsp;&nbsp; Residential Accredit Loans, Inc. <br> Trust, Series 2006-QS13, <br> Class 1A8, 6.00%, <br> 09/25/2036<br>|  | 2465 | &nbsp;&nbsp; 1992 |
| &nbsp;&nbsp;&nbsp; Residential Mortgage Loan Trust, <br> Series 2020-1, Class A1, <br> 2.38%, 01/26/2060<sup>(b)(g)</sup> <br>|  | 114415 | &nbsp;&nbsp; 113239 |
| &nbsp;&nbsp;&nbsp; RUN Trust, Series 2022-NQM1, <br> Class A1, 4.00%, <br> 03/25/2067<sup>(b)</sup> <br>|  | 2708722 | &nbsp;&nbsp; 2613978 |
| Sequoia Mortgage Trust, | Sequoia Mortgage Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2013-3, Class A1, <br> 2.00%, 03/25/2043<sup>(g)</sup> <br>|  | 420317 | &nbsp;&nbsp; 354067 |
| &nbsp;&nbsp;&nbsp; Series 2013-6, Class A2, <br> 3.00%, 05/25/2043<sup>(g)</sup> <br>|  | 525585 | &nbsp;&nbsp; 469368 |
| &nbsp;&nbsp;&nbsp; Series 2013-7, Class A2, <br> 3.00%, 06/25/2043<sup>(g)</sup> <br>|  | 333714 | &nbsp;&nbsp; 297180 |
| &nbsp;&nbsp;&nbsp; Signal Peak CLO 1 Ltd., <br> Series 2014-1A, Class AR4, <br> 5.36% (3 mo. Term SOFR + <br> 1.08%), 04/17/2034<sup>(b)(e)</sup> <br>|  | 4931000 | &nbsp;&nbsp; 4917178 |
| &nbsp;&nbsp;&nbsp; Sonic Capital LLC, Series 2021-1A, <br> Class A2I, 2.19%, <br> 08/20/2051<sup>(b)</sup> <br>|  | 4440967 | &nbsp;&nbsp; 4027200 |
| Starwood Mortgage Residential Trust, | Starwood Mortgage Residential Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class A1, <br> 2.28%, 02/25/2050<sup>(b)(g)</sup> <br>|  | 67854 | &nbsp;&nbsp; 64680 |
| &nbsp;&nbsp;&nbsp; Series 2020-INV1, Class A1, <br> 1.03%, 11/25/2055<sup>(b)(g)</sup> <br>|  | 642533 | &nbsp;&nbsp; 605617 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A1, <br> 2.45%, 12/25/2066<sup>(b)(g)</sup> <br>|  | 4059789 | &nbsp;&nbsp; 3658630 |
| &nbsp;&nbsp;&nbsp; Structured Asset Securities Corp. <br> Pass-Through Ctfs., <br> Series 2002-AL1, Class AIO, <br> 3.45%, 02/25/2032<sup>(g)</sup> <br>|  | 160561 | &nbsp;&nbsp; 8933 |
| Subway Funding LLC, | Subway Funding LLC, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1A, Class A2I, <br> 6.03%, 07/30/2054<sup>(b)</sup> <br>|  | 3125295 | &nbsp;&nbsp; 3162916 |
| &nbsp;&nbsp;&nbsp; Series 2024-3A, Class A2I, <br> 5.25%, 07/30/2054<sup>(b)</sup> <br>|  | 2975050 | &nbsp;&nbsp; 2930042 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XVI Ltd., <br> Series 2015-16A, Class ARR, <br> 5.46% (3 mo. Term SOFR + <br> 1.20%), 10/15/2031<sup>(b)(e)</sup> <br>|  | 1803063 | &nbsp;&nbsp; 1803880 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XX Ltd., <br> Series 2018-20A, Class AR2, <br> 5.36% (3 mo. Term SOFR + <br> 1.10%), 01/16/2032<sup>(b)(e)</sup> <br>|  | 3273466 | &nbsp;&nbsp; 3276739 |
| &nbsp;&nbsp;&nbsp; Symphony CLO XXI Ltd., <br> Series 2019-21A, Class AR2, <br> 5.16% (3 mo. Term SOFR + <br> 0.90%), 07/15/2032<sup>(b)(e)</sup> <br>|  | 4475166 | &nbsp;&nbsp; 4465894 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| &nbsp;&nbsp;&nbsp; Synchrony Card Funding LLC, <br> Series 2024-A2, Class A, <br> 4.93%, 07/15/2030<br>|  | $1995000 | &nbsp;&nbsp; $2021444 |
| &nbsp;&nbsp;&nbsp; Textainer Marine Containers Ltd., <br> Series 2021-3A, CLass A, <br> 1.94%, 08/20/2046<sup>(b)</sup> <br>|  | 1925000 | &nbsp;&nbsp; 1690037 |
| &nbsp;&nbsp;&nbsp; Textainer Marine Containers VII <br> Ltd., Series 2021-2A, Class A, <br> 2.23%, 04/20/2046<sup>(b)</sup> <br>|  | 4553080 | &nbsp;&nbsp; 4190048 |
| TierPoint Issuer LLC, | TierPoint Issuer LLC, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2023-1A, Class A2, <br> 6.00%, 06/25/2053<sup>(b)</sup> <br>|  | 1068167 | &nbsp;&nbsp; 1069445 |
| &nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2, <br> 6.15%, 04/26/2055<sup>(b)</sup> <br>|  | 4388000 | &nbsp;&nbsp; 4426757 |
| &nbsp;&nbsp;&nbsp; Tricon Residential Trust, <br> Series 2025-SFR1, Class A, <br> 5.43% (1 mo. Term SOFR + <br> 1.10%), 03/17/2042<sup>(b)(e)</sup> <br>|  | 4040000 | &nbsp;&nbsp; 4037397 |
| &nbsp;&nbsp;&nbsp; UBS Commercial Mortgage Trust, <br> Series 2017-C5, Class XA, IO, <br> 1.13%, 11/15/2050<sup>(h)</sup> <br>|  | 10133495 | &nbsp;&nbsp; 178191 |
| &nbsp;&nbsp;&nbsp; Vendee Mortgage Trust, <br> Series 1995-2B, Class 2, IO, <br> 0.79%, 06/15/2025<sup>(j)</sup> <br>|  | 222427 | &nbsp;&nbsp; 5 |
| Verus Securitization Trust, | Verus Securitization Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2020-1, Class A1, <br> 3.42%, 01/25/2060<sup>(b)</sup> <br>|  | 577852 | &nbsp;&nbsp; 566319 |
| &nbsp;&nbsp;&nbsp; Series 2021-1, Class A1B, <br> 0.82%, 01/25/2066<sup>(b)(g)</sup> <br>|  | 1606603 | &nbsp;&nbsp; 1419976 |
| &nbsp;&nbsp;&nbsp; Series 2021-2, Class A1, <br> 1.03%, 02/25/2066<sup>(b)(g)</sup> <br>|  | 1036901 | &nbsp;&nbsp; 916031 |
| &nbsp;&nbsp;&nbsp; Series 2021-7, Class A1, <br> 1.83%, 10/25/2066<sup>(b)</sup> <br>|  | 4580501 | &nbsp;&nbsp; 4101417 |
| &nbsp;&nbsp;&nbsp; Series 2021-R1, Class A1, <br> 0.82%, 10/25/2063<sup>(b)(g)</sup> <br>|  | 854637 | &nbsp;&nbsp; 822812 |
| &nbsp;&nbsp;&nbsp; Series 2022-1, Class A1, <br> 2.72%, 01/25/2067<sup>(b)</sup> <br>|  | 3176965 | &nbsp;&nbsp; 2932660 |
| &nbsp;&nbsp;&nbsp; Series 2022-7, Class A1, <br> 5.15%, 07/25/2067<sup>(b)</sup> <br>|  | 1607674 | &nbsp;&nbsp; 1609517 |
| &nbsp;&nbsp;&nbsp; Series 2022-INV2, Class A1, <br> 6.79%, 10/25/2067<sup>(b)</sup> <br>|  | 2097217 | &nbsp;&nbsp; 2098548 |
| &nbsp;&nbsp;&nbsp; Series 2024-7, Class A1, <br> 5.10%, 09/25/2069<sup>(b)(g)</sup> <br>|  | 1823091 | &nbsp;&nbsp; 1813595 |
| &nbsp;&nbsp;&nbsp; Visio Trust, Series 2020-1R, <br> Class A1, 1.31%, <br> 11/25/2055<sup>(b)</sup> <br>|  | 610056 | &nbsp;&nbsp; 583543 |
| &nbsp;&nbsp;&nbsp; WaMu Mortgage Pass-Through Ctfs. <br> Trust, | &nbsp;&nbsp;&nbsp; WaMu Mortgage Pass-Through Ctfs. <br> Trust, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2003-AR10, Class A7, <br> 6.50%, 10/25/2033<sup>(g)</sup> <br>|  | 61984 | &nbsp;&nbsp; 59765 |
| &nbsp;&nbsp;&nbsp; Series 2005-AR14, Class 1A4, <br> 4.92%, 12/25/2035<sup>(g)</sup> <br>|  | 27776 | &nbsp;&nbsp; 26145 |
| &nbsp;&nbsp;&nbsp; Series 2005-AR16, Class 1A1, <br> 4.68%, 12/25/2035<sup>(g)</sup> <br>|  | 125098 | &nbsp;&nbsp; 114827 |
| &nbsp;&nbsp;&nbsp; Wells Fargo Commercial Mortgage <br> Trust, Series 2017-C42, <br> Class XA, IO, 0.86%, <br> 12/15/2050<sup>(h)</sup> <br>|  | 10611153 | &nbsp;&nbsp; 185982 |
| &nbsp;&nbsp;&nbsp; Wendy's Funding LLC, <br> Series 2019-1A, Class A2I, <br> 3.78%, 06/15/2049<sup>(b)</sup> <br>|  | 6211819 | &nbsp;&nbsp; 6118448 |
| &nbsp;&nbsp;&nbsp; WEST Trust 2025-ROSE, <br> Series 2025-ROSE, Class A, <br> 5.28%, 04/10/2035<sup>(b)(g)</sup> <br>|  | 3000000 | &nbsp;&nbsp; 3004588 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| &nbsp;&nbsp;&nbsp; WF Card Issuance Trust, <br> Series 2024-A1, Class A, <br> 4.94%, 02/15/2029<br>|  | $10000000 | &nbsp;&nbsp; $10108939 |
| &nbsp;&nbsp;&nbsp; Zaxby's Funding LLC, <br> Series 2021-1A, Class A2, <br> 3.24%, 07/30/2051<sup>(b)</sup> <br>|  | 9620188 | &nbsp;&nbsp; 8817805 |
| &nbsp;&nbsp;&nbsp; Ziply Fiber Issuer LLC, <br> Series 2024-1A, Class A2, <br> 6.64%, 04/20/2054<sup>(b)</sup> <br>|  | 3907000 | &nbsp;&nbsp; 4007169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br> (Cost $519,492,533) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br> (Cost $519,492,533) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Asset-Backed Securities <br> (Cost $519,492,533) | &nbsp;&nbsp; 501310320 |
| **U.S. Treasury Securities–3.00%** | **U.S. Treasury Securities–3.00%** | **U.S. Treasury Securities–3.00%** | **U.S. Treasury Securities–3.00%** |
| **U.S. Treasury Bills–0.30%** | **U.S. Treasury Bills–0.30%** | **U.S. Treasury Bills–0.30%** | **U.S. Treasury Bills–0.30%** |
| &nbsp;&nbsp;&nbsp; 4.11% - 4.12%, <br> 05/14/2026<sup>(k)(l)</sup> <br>|  | 6258000 | &nbsp;&nbsp; 6021430 |
| **U.S. Treasury Notes–2.70%** | **U.S. Treasury Notes–2.70%** | **U.S. Treasury Notes–2.70%** | **U.S. Treasury Notes–2.70%** |
| &nbsp;&nbsp;&nbsp; 3.75%, 04/30/2027 |  | 40480100 | &nbsp;&nbsp; 40358343 |
| &nbsp;&nbsp;&nbsp; 3.75%, 05/15/2028 |  | 3951600 | &nbsp;&nbsp; 3940023 |
| &nbsp;&nbsp;&nbsp; 3.88%, 04/30/2030 |  | 10357400 | &nbsp;&nbsp; 10317751 |
|  |  |  | &nbsp;&nbsp; 54616117 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury Securities <br> (Cost $60,683,414) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury Securities <br> (Cost $60,683,414) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Treasury Securities <br> (Cost $60,683,414) | &nbsp;&nbsp; 60637547 |
| **Agency Credit Risk Transfer Notes–0.48%** | **Agency Credit Risk Transfer Notes–0.48%** | **Agency Credit Risk Transfer Notes–0.48%** | **Agency Credit Risk Transfer Notes–0.48%** |
| &nbsp;&nbsp;&nbsp; Fannie Mae Connecticut Avenue <br> Securities, | &nbsp;&nbsp;&nbsp; Fannie Mae Connecticut Avenue <br> Securities, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-R03, Class 1M1, <br> 6.42% (30 Day Average SOFR + <br> 2.10%), 03/25/2042<sup>(b)(e)</sup> <br>|  | 3351299 | &nbsp;&nbsp; 3407677 |
| &nbsp;&nbsp;&nbsp; Series 2022-R04, Class 1M1, <br> 6.32% (30 Day Average SOFR + <br> 2.00%), 03/25/2042<sup>(b)(e)</sup> <br>|  | 1698793 | &nbsp;&nbsp; 1724695 |
| &nbsp;&nbsp;&nbsp; Series 2023-R02, Class 1M1, <br> 6.62% (30 Day Average SOFR + <br> 2.30%), 01/25/2043<sup>(b)(e)</sup> <br>|  | 1267949 | &nbsp;&nbsp; 1297435 |
| Freddie Mac, | Freddie Mac, |  |  |
| &nbsp;&nbsp;&nbsp; Series 2022-HQA3, Class M1, <br> STACR<sup>®</sup>, 6.62% (30 Day <br> Average SOFR + 2.30%), <br> 08/25/2042<sup>(b)(e)</sup> <br>|  | 1756729 | &nbsp;&nbsp; 1789875 |
| &nbsp;&nbsp;&nbsp; Series 2022-DNA6, Class M1, <br> STACR<sup>®</sup>, 6.47% (30 Day <br> Average SOFR + 2.15%), <br> 09/25/2042<sup>(b)(e)</sup> <br>|  | 579607 | &nbsp;&nbsp; 585112 |
| &nbsp;&nbsp;&nbsp; Series 2023-DNA1, Class M1, <br> STACR<sup>®</sup>, 6.42% (30 Day <br> Average SOFR + 2.10%), <br> 03/25/2043<sup>(b)(e)</sup> <br>|  | 975553 | &nbsp;&nbsp; 989715 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Agency Credit Risk Transfer Notes <br> (Cost $9,629,930) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Agency Credit Risk Transfer Notes <br> (Cost $9,629,930) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Agency Credit Risk Transfer Notes <br> (Cost $9,629,930) | &nbsp;&nbsp; 9794509 |
| **U.S. Government Sponsored Agency Mortgage-Backed** <br> **Securities–0.45%** | **U.S. Government Sponsored Agency Mortgage-Backed** <br> **Securities–0.45%** | **U.S. Government Sponsored Agency Mortgage-Backed** <br> **Securities–0.45%** | **U.S. Government Sponsored Agency Mortgage-Backed** <br> **Securities–0.45%** |
| **Collateralized Mortgage Obligations–0.24%** | **Collateralized Mortgage Obligations–0.24%** | **Collateralized Mortgage Obligations–0.24%** | **Collateralized Mortgage Obligations–0.24%** |
| Fannie Mae Interest STRIPS, | Fannie Mae Interest STRIPS, |  |  |
| &nbsp;&nbsp;&nbsp; IO, <br>7.50%, 11/25/2029<sup>(j)</sup> <br>|  | 189177 | &nbsp;&nbsp; 20238 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/25/2032 to <br> 07/25/2032<sup>(j)</sup> <br>|  | 143449 | &nbsp;&nbsp; 17305 |
| &nbsp;&nbsp;&nbsp; 6.00%, 12/25/2032 to <br> 09/25/2035<sup>(j)</sup> <br>|  | 362604 | &nbsp;&nbsp; 43930 |
| &nbsp;&nbsp;&nbsp; 5.50%, 11/25/2033 to <br> 06/25/2035<sup>(j)</sup> <br>|  | 308191 | &nbsp;&nbsp; 42833 |
| &nbsp;&nbsp;&nbsp; PO, <br>0.00%, 09/25/2032<sup>(m)</sup> <br>|  | 12004 | &nbsp;&nbsp; 10862 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** |
| Fannie Mae REMICs, | Fannie Mae REMICs, |  |  |
| &nbsp;&nbsp;&nbsp; IO, <br>3.00%, 11/25/2027<sup>(j)</sup> <br>|  | $191879 | &nbsp;&nbsp; $3697 |
| &nbsp;&nbsp;&nbsp; 3.46% (7.90% - (30 Day <br> Average SOFR + 0.11%)), <br> 11/18/2031 to <br> 12/18/2031<sup>(e)(j)</sup> <br>|  | 74731 | &nbsp;&nbsp; 6453 |
| &nbsp;&nbsp;&nbsp; 3.46% (7.90% - (30 Day <br> Average SOFR + 0.11%)), <br> 11/25/2031<sup>(e)(j)</sup> <br>|  | 16148 | &nbsp;&nbsp; 1600 |
| &nbsp;&nbsp;&nbsp; 3.51% (7.95% - (30 Day <br> Average SOFR + 0.11%)), <br> 01/25/2032 to <br> 07/25/2032<sup>(e)(j)</sup> <br>|  | 68888 | &nbsp;&nbsp; 5235 |
| &nbsp;&nbsp;&nbsp; 3.56% (8.00% - (30 Day <br> Average SOFR + 0.11%)), <br> 03/18/2032<sup>(e)(j)</sup> <br>|  | 33007 | &nbsp;&nbsp; 3221 |
| &nbsp;&nbsp;&nbsp; 3.66% (8.10% - (30 Day <br> Average SOFR + 0.11%)), <br> 03/25/2032 to <br> 04/25/2032<sup>(e)(j)</sup> <br>|  | 46596 | &nbsp;&nbsp; 4649 |
| &nbsp;&nbsp;&nbsp; 2.56% (7.00% - (30 Day <br> Average SOFR + 0.11%)), <br> 04/25/2032<sup>(e)(j)</sup> <br>|  | 31230 | &nbsp;&nbsp; 2339 |
| &nbsp;&nbsp;&nbsp; 3.36% (7.80% - (30 Day <br> Average SOFR + 0.11%)), <br> 04/25/2032<sup>(e)(j)</sup> <br>|  | 14661 | &nbsp;&nbsp; 1559 |
| &nbsp;&nbsp;&nbsp; 3.56% (8.00% - (30 Day <br> Average SOFR + 0.11%)), <br> 07/25/2032 to <br> 09/25/2032<sup>(e)(j)</sup> <br>|  | 92964 | &nbsp;&nbsp; 9389 |
| &nbsp;&nbsp;&nbsp; 3.66% (8.10% - (30 Day <br> Average SOFR + 0.11%)), <br> 12/18/2032<sup>(e)(j)</sup> <br>|  | 65983 | &nbsp;&nbsp; 5720 |
| &nbsp;&nbsp;&nbsp; 3.81% (8.25% - (30 Day <br> Average SOFR + 0.11%)), <br> 02/25/2033 to <br> 05/25/2033<sup>(e)(j)</sup> <br>|  | 85191 | &nbsp;&nbsp; 11969 |
| &nbsp;&nbsp;&nbsp; 7.00%, 04/25/2033<sup>(j)</sup> <br>|  | 413476 | &nbsp;&nbsp; 54966 |
| &nbsp;&nbsp;&nbsp; 2.26% (6.70% - (30 Day <br> Average SOFR + 0.11%)), <br> 02/25/2035<sup>(e)(j)</sup> <br>|  | 365748 | &nbsp;&nbsp; 29463 |
| &nbsp;&nbsp;&nbsp; 1.61% (6.05% - (30 Day <br> Average SOFR + 0.11%)), <br> 03/25/2035 to <br> 07/25/2038<sup>(e)(j)</sup> <br>|  | 208530 | &nbsp;&nbsp; 14910 |
| &nbsp;&nbsp;&nbsp; 2.31% (6.75% - (30 Day <br> Average SOFR + 0.11%)), <br> 03/25/2035 to <br> 05/25/2035<sup>(e)(j)</sup> <br>|  | 84697 | &nbsp;&nbsp; 3507 |
| &nbsp;&nbsp;&nbsp; 2.16% (6.60% - (30 Day <br> Average SOFR + 0.11%)), <br> 05/25/2035<sup>(e)(j)</sup> <br>|  | 78419 | &nbsp;&nbsp; 4728 |
| &nbsp;&nbsp;&nbsp; 3.50%, 08/25/2035<sup>(j)</sup> <br>|  | 1966807 | &nbsp;&nbsp; 204695 |
| &nbsp;&nbsp;&nbsp; 2.10% (6.54% - (30 Day <br> Average SOFR + 0.11%)), <br> 06/25/2037<sup>(e)(j)</sup> <br>|  | 79494 | &nbsp;&nbsp; 6131 |
| &nbsp;&nbsp;&nbsp; 4.00%, 04/25/2041 to <br> 08/25/2047<sup>(j)</sup> <br>|  | 505494 | &nbsp;&nbsp; 79194 |
| &nbsp;&nbsp;&nbsp; 2.11% (6.55% - (30 Day <br> Average SOFR + 0.11%)), <br> 10/25/2041<sup>(e)(j)</sup> <br>|  | 202953 | &nbsp;&nbsp; 15979 |
| &nbsp;&nbsp;&nbsp; 1.71% (6.15% - (30 Day <br> Average SOFR + 0.11%)), <br> 12/25/2042<sup>(e)(j)</sup> <br>|  | 449477 | &nbsp;&nbsp; 49007 |
| &nbsp;&nbsp;&nbsp; 4.50%, 02/25/2043<sup>(j)</sup> <br>|  | 118644 | &nbsp;&nbsp; 14311 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** |
| &nbsp;&nbsp;&nbsp; 5.50%, 07/25/2046<sup>(j)</sup> <br>|  | $540045 | &nbsp;&nbsp; $72308 |
| &nbsp;&nbsp;&nbsp; 1.46% (5.90% - (30 Day <br> Average SOFR + 0.11%)), <br> 09/25/2047<sup>(e)(j)</sup> <br>|  | 3835948 | &nbsp;&nbsp; 366319 |
| &nbsp;&nbsp;&nbsp; 6.50%, 11/25/2029 |  | 20932 | &nbsp;&nbsp; 21234 |
| &nbsp;&nbsp;&nbsp; 5.44% (30 Day Average SOFR + <br> 1.11%), 04/25/2032<sup>(e)</sup> <br>|  | 20063 | &nbsp;&nbsp; 20247 |
| &nbsp;&nbsp;&nbsp; 4.94% (30 Day Average SOFR + <br> 0.61%), 10/18/2032<sup>(e)</sup> <br>|  | 10101 | &nbsp;&nbsp; 10068 |
| &nbsp;&nbsp;&nbsp; 4.84% (30 Day Average SOFR + <br> 0.51%), 11/25/2033 to <br> 03/25/2042<sup>(e)</sup> <br>|  | 57109 | &nbsp;&nbsp; 56425 |
| &nbsp;&nbsp;&nbsp; 5.50%, 04/25/2035 to <br> 03/25/2037<br>|  | 1042577 | &nbsp;&nbsp; 1072682 |
| &nbsp;&nbsp;&nbsp; 8.30% (24.57% - (3.67 x <br> (30 Day Average SOFR + <br> 0.11%))), 03/25/2036<sup>(e)</sup> <br>|  | 45574 | &nbsp;&nbsp; 53096 |
| &nbsp;&nbsp;&nbsp; 7.93% (24.20% - (3.67 x <br> (30 Day Average SOFR + <br> 0.11%))), 06/25/2036<sup>(e)</sup> <br>|  | 134815 | &nbsp;&nbsp; 155469 |
| &nbsp;&nbsp;&nbsp; 7.93% (24.20% - (3.67 x <br> (30 Day Average SOFR + <br> 0.11%))), 06/25/2036<sup>(e)</sup> <br>|  | 19196 | &nbsp;&nbsp; 21098 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/25/2041 |  | 63626 | &nbsp;&nbsp; 60485 |
| &nbsp;&nbsp;&nbsp; 4.89% (30 Day Average SOFR + <br> 0.56%), 02/25/2047<sup>(e)</sup> <br>|  | 35773 | &nbsp;&nbsp; 35637 |
| &nbsp;&nbsp;&nbsp; Freddie Mac Multifamily Structured <br> Pass-Through Ctfs., | &nbsp;&nbsp;&nbsp; Freddie Mac Multifamily Structured <br> Pass-Through Ctfs., |  |  |
| &nbsp;&nbsp;&nbsp; Series K734, Class X1, IO, <br>0.63%, 02/25/2026<sup>(h)</sup> <br>|  | 23768128 | &nbsp;&nbsp; 54912 |
| &nbsp;&nbsp;&nbsp; Series K735, Class X1, IO, <br>0.96%, 05/25/2026<sup>(h)</sup> <br>|  | 25751835 | &nbsp;&nbsp; 166308 |
| &nbsp;&nbsp;&nbsp; Series K093, Class X1, IO, <br>0.94%, 05/25/2029<sup>(h)</sup> <br>|  | 20617517 | &nbsp;&nbsp; 639300 |
| Freddie Mac REMICs, | Freddie Mac REMICs, |  |  |
| &nbsp;&nbsp;&nbsp; IO, <br>3.00%, 06/15/2027 to <br> 12/15/2027<sup>(j)</sup> <br>|  | 653997 | &nbsp;&nbsp; 13206 |
| &nbsp;&nbsp;&nbsp; 2.50%, 05/15/2028<sup>(j)</sup> <br>|  | 194288 | &nbsp;&nbsp; 4439 |
| &nbsp;&nbsp;&nbsp; 4.26% (8.70% - (30 Day <br> Average SOFR + 0.11%)), <br> 07/17/2028<sup>(e)(j)</sup> <br>|  | 10 | &nbsp;&nbsp; 0 |
| &nbsp;&nbsp;&nbsp; 3.60% (8.05% - (30 Day <br> Average SOFR + 0.11%)), <br> 02/15/2029<sup>(e)(j)</sup> <br>|  | 57227 | &nbsp;&nbsp; 3517 |
| &nbsp;&nbsp;&nbsp; 3.30% (7.75% - (30 Day <br> Average SOFR + 0.11%)), <br> 06/15/2029<sup>(e)(j)</sup> <br>|  | 56010 | &nbsp;&nbsp; 2836 |
| &nbsp;&nbsp;&nbsp; 3.65% (8.10% - (30 Day <br> Average SOFR + 0.11%)), <br> 06/15/2029 to <br> 09/15/2029<sup>(e)(j)</sup> <br>|  | 34807 | &nbsp;&nbsp; 2028 |
| &nbsp;&nbsp;&nbsp; 2.25% (6.70% - (30 Day <br> Average SOFR + 0.11%)), <br> 01/15/2035<sup>(e)(j)</sup> <br>|  | 215641 | &nbsp;&nbsp; 12844 |
| &nbsp;&nbsp;&nbsp; 2.30% (6.75% - (30 Day <br> Average SOFR + 0.11%)), <br> 02/15/2035<sup>(e)(j)</sup> <br>|  | 43188 | &nbsp;&nbsp; 2505 |
| &nbsp;&nbsp;&nbsp; 2.27% (6.72% - (30 Day <br> Average SOFR + 0.11%)), <br> 05/15/2035<sup>(e)(j)</sup> <br>|  | 111586 | &nbsp;&nbsp; 6256 |
| &nbsp;&nbsp;&nbsp; 1.70% (6.15% - (30 Day <br> Average SOFR + 0.11%)), <br> 07/15/2035<sup>(e)(j)</sup> <br>|  | 132598 | &nbsp;&nbsp; 6164 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** | **Collateralized Mortgage Obligations–(continued)** |
| &nbsp;&nbsp;&nbsp; 2.55% (7.00% - (30 Day <br> Average SOFR + 0.11%)), <br> 12/15/2037<sup>(e)(j)</sup> <br>|  | $30505 | &nbsp;&nbsp; $3124 |
| &nbsp;&nbsp;&nbsp; 1.55% (6.00% - (30 Day <br> Average SOFR + 0.11%)), <br> 04/15/2038<sup>(e)(j)</sup> <br>|  | 23819 | &nbsp;&nbsp; 2000 |
| &nbsp;&nbsp;&nbsp; 1.62% (6.07% - (30 Day <br> Average SOFR + 0.11%)), <br> 05/15/2038<sup>(e)(j)</sup> <br>|  | 445777 | &nbsp;&nbsp; 40486 |
| &nbsp;&nbsp;&nbsp; 1.80% (6.25% - (30 Day <br> Average SOFR + 0.11%)), <br> 12/15/2039<sup>(e)(j)</sup> <br>|  | 78777 | &nbsp;&nbsp; 6481 |
| &nbsp;&nbsp;&nbsp; 1.65% (6.10% - (30 Day <br> Average SOFR + 0.11%)), <br> 01/15/2044<sup>(e)(j)</sup> <br>|  | 526152 | &nbsp;&nbsp; 49810 |
| &nbsp;&nbsp;&nbsp; 4.00%, 03/15/2045<sup>(j)</sup> <br>|  | 14299 | &nbsp;&nbsp; 26 |
| &nbsp;&nbsp;&nbsp; 6.50%, 04/15/2028 to <br> 06/15/2032<br>|  | 314112 | &nbsp;&nbsp; 323863 |
| &nbsp;&nbsp;&nbsp; 6.00%, 01/15/2029 to <br> 04/15/2029<br>|  | 111079 | &nbsp;&nbsp; 112567 |
| &nbsp;&nbsp;&nbsp; 7.50%, 09/15/2029 |  | 14853 | &nbsp;&nbsp; 15223 |
| &nbsp;&nbsp;&nbsp; 8.00%, 03/15/2030 |  | 11023 | &nbsp;&nbsp; 11398 |
| &nbsp;&nbsp;&nbsp; 5.40% (30 Day Average SOFR + <br> 1.06%), 08/15/2031 to <br> 01/15/2032<sup>(e)</sup> <br>|  | 29207 | &nbsp;&nbsp; 29483 |
| &nbsp;&nbsp;&nbsp; 5.45% (30 Day Average SOFR + <br> 1.11%), 12/15/2031 to <br> 03/15/2032<sup>(e)</sup> <br>|  | 62408 | &nbsp;&nbsp; 62757 |
| &nbsp;&nbsp;&nbsp; 4.95% (30 Day Average SOFR + <br> 0.61%), 01/15/2033<sup>(e)</sup> <br>|  | 1376 | &nbsp;&nbsp; 1376 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/2035 |  | 694746 | &nbsp;&nbsp; 709117 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/15/2038 |  | 42689 | &nbsp;&nbsp; 40663 |
| Freddie Mac STRIPS, | Freddie Mac STRIPS, |  |  |
| &nbsp;&nbsp;&nbsp; IO, <br>3.00%, 12/15/2027<sup>(j)</sup> <br>|  | 267392 | &nbsp;&nbsp; 6261 |
| &nbsp;&nbsp;&nbsp; 3.15%, 12/15/2027<sup>(h)</sup> <br>|  | 79433 | &nbsp;&nbsp; 2086 |
| &nbsp;&nbsp;&nbsp; 6.50%, 02/01/2028<sup>(j)</sup> <br>|  | 4046 | &nbsp;&nbsp; 234 |
| &nbsp;&nbsp;&nbsp; 7.00%, 09/01/2029<sup>(j)</sup> <br>|  | 44012 | &nbsp;&nbsp; 4222 |
| &nbsp;&nbsp;&nbsp; 7.50%, 12/15/2029<sup>(j)</sup> <br>|  | 23371 | &nbsp;&nbsp; 2472 |
| &nbsp;&nbsp;&nbsp; 6.00%, 12/15/2032<sup>(j)</sup> <br>|  | 21993 | &nbsp;&nbsp; 2464 |
|  |  |  | &nbsp;&nbsp; 4953386 |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Federal Home Loan Mortgage Corp. (FHLMC)–0.05%** | **Federal Home Loan Mortgage Corp. (FHLMC)–0.05%** | **Federal Home Loan Mortgage Corp. (FHLMC)–0.05%** |
| &nbsp;&nbsp;&nbsp; 8.50%, 06/01/2026 | $1165 | &nbsp;&nbsp; $1168 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/01/2028 to <br> 04/01/2034<br>| 29258 | &nbsp;&nbsp; 30168 |
| &nbsp;&nbsp;&nbsp; 7.00%, 08/01/2028 to <br> 03/01/2035<br>| 332580 | &nbsp;&nbsp; 348065 |
| &nbsp;&nbsp;&nbsp; 7.50%, 01/01/2032 to <br> 02/01/2032<br>| 155531 | &nbsp;&nbsp; 161088 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/2033 to <br> 06/01/2034<br>| 104045 | &nbsp;&nbsp; 104099 |
| &nbsp;&nbsp;&nbsp; 5.50%, 09/01/2039 | 309300 | &nbsp;&nbsp; 313721 |
| &nbsp;&nbsp;&nbsp; ARM, <br>6.51% (6 mo. Refinitiv USD <br> IBOR Consumer Cash Fallbacks + <br> 1.72%), 07/01/2036<sup>(e)</sup> <br>| 5479 | &nbsp;&nbsp; 5569 |
| &nbsp;&nbsp;&nbsp; 7.23% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + <br> 2.29%), 02/01/2037<sup>(e)</sup> <br>| 1454 | &nbsp;&nbsp; 1497 |
| &nbsp;&nbsp;&nbsp; 7.08% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + <br> 2.08%), 01/01/2038<sup>(e)</sup> <br>| 5323 | &nbsp;&nbsp; 5457 |
|  |  | &nbsp;&nbsp; 970832 |
| **Federal National Mortgage Association (FNMA)–0.12%** | **Federal National Mortgage Association (FNMA)–0.12%** | **Federal National Mortgage Association (FNMA)–0.12%** |
| &nbsp;&nbsp;&nbsp; 7.00%, 12/01/2025 to <br> 08/01/2036<br>| 609290 | &nbsp;&nbsp; 636045 |
| &nbsp;&nbsp;&nbsp; 7.50%, 02/01/2027 to <br> 08/01/2033<br>| 347260 | &nbsp;&nbsp; 356340 |
| &nbsp;&nbsp;&nbsp; 6.50%, 12/01/2029 to <br> 10/01/2035<br>| 454446 | &nbsp;&nbsp; 467315 |
| &nbsp;&nbsp;&nbsp; 9.00%, 01/01/2030 | 1957 | &nbsp;&nbsp; 1956 |
| &nbsp;&nbsp;&nbsp; 8.50%, 05/01/2030 to <br> 07/01/2030<br>| 44574 | &nbsp;&nbsp; 45929 |
| &nbsp;&nbsp;&nbsp; 6.00%, 06/01/2030 to <br> 03/01/2037<br>| 776538 | &nbsp;&nbsp; 807068 |
| &nbsp;&nbsp;&nbsp; 8.00%, 07/01/2032 | 26789 | &nbsp;&nbsp; 26809 |
| &nbsp;&nbsp;&nbsp; 5.50%, 02/01/2035 to <br> 05/01/2036<br>| 114715 | &nbsp;&nbsp; 116869 |
| &nbsp;&nbsp;&nbsp; ARM, <br>6.99% (1 yr. U.S. Treasury Yield <br> Curve Rate + 2.22%), <br> 11/01/2032<sup>(e)</sup> <br>| 12280 | &nbsp;&nbsp; 12562 |
| &nbsp;&nbsp;&nbsp; 6.56% (1 yr. U.S. Treasury Yield <br> Curve Rate + 2.20%), <br> 05/01/2035<sup>(e)</sup> <br>| 12246 | &nbsp;&nbsp; 12652 |
| &nbsp;&nbsp;&nbsp; 6.78% (1 yr. Refinitiv USD IBOR <br> Consumer Cash Fallbacks + <br> 1.73%), 03/01/2038<sup>(e)</sup> <br>| 3534 | &nbsp;&nbsp; 3612 |
|  |  | &nbsp;&nbsp; 2487157 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; **Principal**<br> **Amount** | &nbsp;&nbsp; **Principal**<br> **Amount** | **Value** |
| **Government National Mortgage Association (GNMA)–0.04%** | **Government National Mortgage Association (GNMA)–0.04%** | **Government National Mortgage Association (GNMA)–0.04%** | **Government National Mortgage Association (GNMA)–0.04%** |
| &nbsp;&nbsp;&nbsp; 7.50%, 08/15/2025 to <br> 11/15/2026<br>|  | $1568 | &nbsp;&nbsp; $1570 |
| &nbsp;&nbsp;&nbsp; 7.00%, 10/15/2026 to <br> 01/20/2030<br>|  | 20266 | &nbsp;&nbsp; 20475 |
| &nbsp;&nbsp;&nbsp; 8.50%, 07/20/2027 |  | 2939 | &nbsp;&nbsp; 2949 |
| &nbsp;&nbsp;&nbsp; 6.50%, 07/15/2028 to <br> 02/15/2034<br>|  | 276013 | &nbsp;&nbsp; 285861 |
| &nbsp;&nbsp;&nbsp; IO, <br>2.11% (6.55% - (1 mo. Term <br> SOFR + 0.11%)), <br> 04/16/2037<sup>(e)(j)</sup> <br>|  | 390708 | &nbsp;&nbsp; 21429 |
| &nbsp;&nbsp;&nbsp; 2.21% (6.65% - (1 mo. Term <br> SOFR + 0.11%)), <br> 04/16/2041<sup>(e)(j)</sup> <br>|  | 540699 | &nbsp;&nbsp; 34729 |
| &nbsp;&nbsp;&nbsp; 4.50%, 09/16/2047<sup>(j)</sup> <br>|  | 1304586 | &nbsp;&nbsp; 183714 |
| &nbsp;&nbsp;&nbsp; 1.76% (6.20% - (1 mo. Term <br> SOFR + 0.11%)), <br> 10/16/2047<sup>(e)(j)</sup> <br>|  | 1444331 | &nbsp;&nbsp; 173846 |
|  |  |  | &nbsp;&nbsp; 724573 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Government Sponsored Agency <br> Mortgage-Backed Securities <br> (Cost $12,505,744) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Government Sponsored Agency <br> Mortgage-Backed Securities <br> (Cost $12,505,744) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total U.S. Government Sponsored Agency <br> Mortgage-Backed Securities <br> (Cost $12,505,744) | &nbsp;&nbsp; 9135948 |
| **Variable Rate Senior Loan Interests–0.39%**<sup>(n)(o)</sup>  | **Variable Rate Senior Loan Interests–0.39%**<sup>(n)(o)</sup>  | **Variable Rate Senior Loan Interests–0.39%**<sup>(n)(o)</sup>  | **Variable Rate Senior Loan Interests–0.39%**<sup>(n)(o)</sup>  |
| **Wireless Telecommunication Services–0.39%** | **Wireless Telecommunication Services–0.39%** | **Wireless Telecommunication Services–0.39%** | **Wireless Telecommunication Services–0.39%** |
| X Corp., | X Corp., |  |  |
| &nbsp;&nbsp;&nbsp; Term Loan B, 9.50%, <br> 10/27/2029<br>|  | 5000000 | &nbsp;&nbsp; 4983200 |
| &nbsp;&nbsp;&nbsp; Term Loan B , 10/27/2029<sup>(p)</sup> <br>|  | 2992347 | &nbsp;&nbsp; 2967196 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests <br> (Cost $8,062,584) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests <br> (Cost $8,062,584) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Variable Rate Senior Loan Interests <br> (Cost $8,062,584) | &nbsp;&nbsp; 7950396 |
| **Municipal Obligations–0.33%** | **Municipal Obligations–0.33%** | **Municipal Obligations–0.33%** | **Municipal Obligations–0.33%** |
| &nbsp;&nbsp;&nbsp; New Jersey (State of) <br> Transportation Trust Fund <br> Authority, Series 2024 BB, Ref. <br> RB, 5.09%, 06/15/2025 <br>(Cost $6,730,000)<br>|  | 6730000 | &nbsp;&nbsp; 6730258 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Shares** | &nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>**Shares** | **Value** |
| **Preferred Stocks–0.31%** | **Preferred Stocks–0.31%** | **Preferred Stocks–0.31%** | **Preferred Stocks–0.31%** |
| **Diversified Financial Services–0.31%** | **Diversified Financial Services–0.31%** | **Diversified Financial Services–0.31%** | **Diversified Financial Services–0.31%** |
| &nbsp;&nbsp;&nbsp; Apollo Global Management, Inc., <br> 7.63%, Pfd. <br>(Cost $5,994,375)<sup>(d)</sup>  | &nbsp;&nbsp;&nbsp; Apollo Global Management, Inc., <br> 7.63%, Pfd. <br>(Cost $5,994,375)<sup>(d)</sup>  | 239775 | &nbsp;&nbsp; $6176604 |
| **Exchange-Traded Funds–0.10%** | **Exchange-Traded Funds–0.10%** | **Exchange-Traded Funds–0.10%** | **Exchange-Traded Funds–0.10%** |
| Invesco High Yield Bond Factor ETF<sup>(c)(q)</sup>  | Invesco High Yield Bond Factor ETF<sup>(c)(q)</sup>  | 65000 | &nbsp;&nbsp; 1449825 |
| Invesco High Yield Select ETF<sup>(q)</sup>  | Invesco High Yield Select ETF<sup>(q)</sup>  | 9000 | &nbsp;&nbsp; 227700 |
| &nbsp;&nbsp;&nbsp; Invesco Short Duration Total Return <br> Bond ETF<sup>(q)</sup>  | &nbsp;&nbsp;&nbsp; Invesco Short Duration Total Return <br> Bond ETF<sup>(q)</sup>  | 12000 | &nbsp;&nbsp; 298620 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds (Cost $1,993,358) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds (Cost $1,993,358) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Exchange-Traded Funds (Cost $1,993,358) | &nbsp;&nbsp; 1976145 |
| **Money Market Funds–0.00%** | **Money Market Funds–0.00%** | **Money Market Funds–0.00%** | **Money Market Funds–0.00%** |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency <br> Portfolio, Institutional Class, <br> 4.24%<sup>(q)(r)</sup> <br>(Cost $117) | &nbsp;&nbsp;&nbsp; Invesco Government & Agency <br> Portfolio, Institutional Class, <br> 4.24%<sup>(q)(r)</sup> <br>(Cost $117) | 117 | &nbsp;&nbsp; 117 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES <br> (excluding investments <br> purchased with cash collateral <br> from securities on <br> loan)-100.42% <br> (Cost $2,042,623,511)<br>|  |  | &nbsp;&nbsp; 2031800040 |
| **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** | **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** | **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** | **Investments Purchased with Cash Collateral from** <br> **Securities on Loan** |
| **Money Market Funds–7.51%** | **Money Market Funds–7.51%** | **Money Market Funds–7.51%** | **Money Market Funds–7.51%** |
| &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.29%<sup>(q)(r)(s)</sup>  | &nbsp;&nbsp;&nbsp; Invesco Private Government Fund, <br> 4.29%<sup>(q)(r)(s)</sup>  | 41170396 | &nbsp;&nbsp; 41170396 |
| &nbsp;&nbsp;&nbsp; Invesco Private Prime Fund, <br> 4.45%<sup>(q)(r)(s)</sup>  | &nbsp;&nbsp;&nbsp; Invesco Private Prime Fund, <br> 4.45%<sup>(q)(r)(s)</sup>  | 110667433 | &nbsp;&nbsp; 110689567 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral <br> from Securities on Loan (Cost $151,862,362) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral <br> from Securities on Loan (Cost $151,862,362) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments Purchased with Cash Collateral <br> from Securities on Loan (Cost $151,862,362) | &nbsp;&nbsp; 151859963 |
| &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–107.93% <br> (Cost $2,194,485,873) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–107.93% <br> (Cost $2,194,485,873) | &nbsp;&nbsp;&nbsp; TOTAL INVESTMENTS IN SECURITIES–107.93% <br> (Cost $2,194,485,873) | &nbsp;&nbsp; 2183660003 |
| OTHER ASSETS LESS LIABILITIES—(7.93)% | OTHER ASSETS LESS LIABILITIES—(7.93)% | OTHER ASSETS LESS LIABILITIES—(7.93)% | &nbsp;&nbsp; (160428384)<br>|
| NET ASSETS–100.00% | NET ASSETS–100.00% | NET ASSETS–100.00% | &nbsp;&nbsp; $2023231619 |

---

Investment Abbreviations:

---

| | |
|:---|:---|
| ARM | – Adjustable Rate Mortgage |
| CLO | – Collateralized Loan Obligation |
| Ctfs. | – Certificates |
| ETF | – Exchange-Traded Fund |
| IBOR | – Interbank Offered Rate |
| IO | – Interest Only |
| Pfd. | – Preferred |
| PO | – Principal Only |
| RB | – Revenue Bonds |
| Ref. | – Refunding |
| REIT | – Real Estate Investment Trust |
| REMICs | – Real Estate Mortgage Investment Conduits |
| SOFR | – Secured Overnight Financing Rate |
| STACR<sup>®</sup> | – Structured Agency Credit Risk |
| STRIPS | – Separately Traded Registered Interest and Principal Security |
| USD | – U.S. Dollar |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

Notes to Schedule of Investments:

<sup>(a)</sup> Industry and/or sector classifications used in this report are generally according to the Global Industry Classification Standard, which was developed by and is the exclusive property and a service mark of MSCI Inc. and Standard & Poor's. 

<sup>(b)</sup> Security purchased or received in a transaction exempt from registration under the Securities Act of 1933, as amended (the "1933 Act"). The security may be resold pursuant to an exemption from registration under the 1933 Act, typically to qualified institutional buyers. The aggregate value of these securities at May 31, 2025 was $915,810,712, which represented 45.26% of the Fund's Net Assets. 

<sup>(c)</sup> All or a portion of this security was out on loan at May 31, 2025.

<sup>(d)</sup> Security issued at a fixed rate for a specific period of time, after which it will convert to a variable rate.

<sup>(e)</sup> Interest or dividend rate is redetermined periodically. Rate shown is the rate in effect on May 31, 2025.

<sup>(f)</sup> Perpetual bond with no specified maturity date.

<sup>(g)</sup> Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on May 31, 2025. 

<sup>(h)</sup> Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security. Interest rate is redetermined periodically based on the cash flows generated by the pool of assets backing the security, less any applicable fees. The rate shown is the rate in effect on May 31, 2025. 

<sup>(i)</sup> Security valued using significant unobservable inputs (Level 3). See Note 1.

<sup>(j)</sup> Interest only security. Principal amount shown is the notional principal and does not reflect the maturity value of the security.

<sup>(k)</sup> All or a portion of the value was pledged as collateral to cover margin requirements for open futures contracts. 

<sup>(l)</sup> Security traded on a discount basis. The interest rate shown represents the discount rate at the time of purchase by the Fund.

<sup>(m)</sup> Zero coupon bond issued at a discount.

<sup>(n)</sup> Variable rate senior loan interests often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with any accuracy. As a result, the actual remaining maturity may be substantially less than the stated maturities shown. However, it is anticipated that the variable rate senior loan interests will have an expected average life of three to five years. 

<sup>(o)</sup> Variable rate senior loan interests are, at present, not readily marketable, not registered under the Securities Act of 1933, as amended (the "1933 Act") and may be subject to contractual and legal restrictions on sale. Variable rate senior loan interests in the Fund's portfolio generally have variable rates which adjust to a base, such as the Secured Overnight Financing Rate ("SOFR"), on set dates, typically every 30 days, but not greater than one year, and/or have interest rates that float at margin above a widely recognized base lending rate such as the Prime Rate of a designated U.S. bank. 

<sup>(p)</sup> This variable rate interest will settle after May 31, 2025, at which time the interest rate will be determined.

<sup>(q)</sup> Affiliated holding. Affiliated holdings are investments in entities which are under common ownership or control of Invesco Ltd. or are investments in entities in which the Fund owns 5% or more of the outstanding voting securities. The table below shows the Fund's transactions in, and earnings from, its investments in affiliates for the three months ended May 31, 2025. 

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

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Value** <br>**February 28, 2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>| **Realized** <br>**Gain** <br>**(Loss)**<br>| **Value** <br>**May 31, 2025**<br>| **Dividend Income** |
| Invesco High Yield Bond Factor ETF | $341423 | &nbsp;&nbsp; $1129400 | &nbsp;&nbsp; $- | &nbsp;&nbsp; $(20998) | &nbsp;&nbsp; $- | &nbsp;&nbsp; $1449825 | &nbsp;&nbsp; $27178 |
| Invesco High Yield Select ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 255199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (25349) | &nbsp;&nbsp;&nbsp; (2584) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 227700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3774 |
| Invesco Short Duration Total Return Bond ETF | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299952 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; (1332) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3837 |
| **Investments in Affiliated Money Market Funds:** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Invesco Government & Agency Portfolio, <br> Institutional Class<br>| &nbsp;&nbsp;&nbsp; 16391349 | &nbsp;&nbsp;&nbsp; 68648922 | &nbsp;&nbsp;&nbsp; (85040154) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117 | &nbsp;&nbsp;&nbsp;&nbsp; 110115 |
| Invesco Treasury Portfolio, Institutional Class | &nbsp;&nbsp;&nbsp; 30436638 | &nbsp;&nbsp; 127490856 | &nbsp;&nbsp; (157927494) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp; 202324 |
| **Investments Purchased with Cash Collateral** <br> **from Securities on Loan:**<br>|  |  |  |  |  |  |  |
| Invesco Private Government Fund | &nbsp;&nbsp;&nbsp; 37482250 | &nbsp;&nbsp;&nbsp; 75234258 | &nbsp;&nbsp;&nbsp; (71546112) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp; 41170396 | &nbsp;&nbsp;&nbsp;&nbsp; 464,150\* |
| Invesco Private Prime Fund | &nbsp;&nbsp; 100147827 | &nbsp;&nbsp; 184836336 | &nbsp;&nbsp; (174282542) | &nbsp;&nbsp;&nbsp; (2399) | &nbsp;&nbsp; (9655) | &nbsp;&nbsp; 110689567 | &nbsp;&nbsp; 1,250,793\* |
| Total | $185354638 | &nbsp;&nbsp; $457339772 | &nbsp;&nbsp; $(488821651) | &nbsp;&nbsp; $(27313) | &nbsp;&nbsp; $(9221) | &nbsp;&nbsp; $153836225 | &nbsp;&nbsp; $2062171 |

---

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

\* Represents the income earned on the investment of cash collateral. Does not include rebates and fees paid to lending agent or premiums received from borrowers, if any.

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

<sup>(r)</sup> The rate shown is the 7-day SEC standardized yield as of May 31, 2025. <br> <sup>(s)</sup> The security has been segregated to satisfy the commitment to return the cash collateral received in securities lending transactions upon the borrower's return of the securities loaned.

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** | **Open Futures Contracts** |
| **Long Futures Contracts** | &nbsp;&nbsp; **Number of**<br> **Contracts**<br>| &nbsp;&nbsp;&nbsp; **Expiration**<br> **Month**<br>| &nbsp;&nbsp; **Notional**<br> **Value**<br>| **Value** | &nbsp;&nbsp; **Unrealized**<br> **Appreciation**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| U.S. Treasury 2 Year Notes | &nbsp;&nbsp;&nbsp; 5367 | September-2025 | &nbsp;&nbsp;&nbsp; $1113317063 | &nbsp;&nbsp;&nbsp; $334783 | &nbsp;&nbsp;&nbsp; $334783 |
| U.S. Treasury Ultra Bonds | &nbsp;&nbsp;&nbsp; 62 | September-2025 | &nbsp;&nbsp;&nbsp; 7195875 | &nbsp;&nbsp;&nbsp; 67449 | &nbsp;&nbsp;&nbsp; 67449 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Long Futures Contracts | &nbsp;&nbsp;&nbsp; 402232 | &nbsp;&nbsp;&nbsp; 402232 |

---

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open Futures Contracts—(continued)** | **Open Futures Contracts—(continued)** | **Open Futures Contracts—(continued)** | **Open Futures Contracts—(continued)** | **Open Futures Contracts—(continued)** | **Open Futures Contracts—(continued)** |
| **Short Futures Contracts** | &nbsp;&nbsp; **Number of**<br> **Contracts**<br>| &nbsp;&nbsp;&nbsp; **Expiration**<br> **Month**<br>| &nbsp;&nbsp; **Notional**<br> **Value**<br>| **Value** | &nbsp;&nbsp; **Unrealized**<br> **Appreciation**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(Depreciation)**<br>|
| **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** | **Interest Rate Risk** |
| U.S. Treasury 5 Year Notes | &nbsp;&nbsp;&nbsp; 2442 | September-2025 | &nbsp;&nbsp;&nbsp; $(264193875)<br>| &nbsp;&nbsp;&nbsp; $(888443)<br>| &nbsp;&nbsp;&nbsp; $(888443)<br>|
| U.S. Treasury 10 Year Notes | &nbsp;&nbsp;&nbsp; 14 | September-2025 | &nbsp;&nbsp;&nbsp; (1550500)<br>| &nbsp;&nbsp;&nbsp; (8773)<br>| &nbsp;&nbsp;&nbsp; (8773)<br>|
| U.S. Treasury 10 Year Ultra Notes | &nbsp;&nbsp;&nbsp; 612 | September-2025 | &nbsp;&nbsp;&nbsp; (68878687)<br>| &nbsp;&nbsp;&nbsp; (458340)<br>| &nbsp;&nbsp;&nbsp; (458340)<br>|
| U.S. Treasury Long Bonds | &nbsp;&nbsp;&nbsp; 238 | September-2025 | &nbsp;&nbsp;&nbsp; (26841938)<br>| &nbsp;&nbsp;&nbsp; (348117)<br>| &nbsp;&nbsp;&nbsp; (348117)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Short Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Short Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Short Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Subtotal—Short Futures Contracts | &nbsp;&nbsp;&nbsp; (1703673)<br>| &nbsp;&nbsp;&nbsp; (1703673)<br>|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Futures Contracts | &nbsp;&nbsp;&nbsp; $(1301441)<br>| &nbsp;&nbsp;&nbsp; $(1301441)<br>|

---

The valuation policy and a listing of other significant accounting policies are available in the most recent shareholder report.

See accompanying notes which are an integral part of this schedule.

**Invesco Short Term Bond Fund**

------

**Notes to Quarterly Schedule of Portfolio Holdings**

*May 31, 2025*

*(Unaudited)*

**NOTE 1—Additional Valuation Information**

Generally Accepted Accounting Principles ("GAAP") defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, under current market conditions. GAAP establishes a hierarchy that prioritizes the inputs to valuation methods, giving the highest priority to readily available unadjusted quoted prices in an active market for identical assets (Level 1) and the lowest priority to significant unobservable inputs (Level 3), generally when market prices are not readily available. Based on the valuation inputs, the securities or other investments are tiered into one of three levels. Changes in valuation methods may result in transfers in or out of an investment's assigned level:

Level 1 – Prices are determined using quoted prices in an active market for identical assets.

Level 2 – Prices are determined using other significant observable inputs. Observable inputs are inputs that other market participants may use in pricing a security. These may include quoted prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, loss severities, default rates, discount rates, volatilities and others. When market movements occur after the close of the relevant foreign securities markets, foreign securities may be fair valued utilizing an independent pricing service.

Level 3 – Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable (for example, when there is little or no market activity for an investment at the end of the period), unobservable inputs may be used. Unobservable inputs reflect Invesco Advisers, Inc.'s assumptions about the factors market participants would use in determining fair value of the securities or instruments and would be based on the best available information.

The following is a summary of the tiered valuation input levels, as of May 31, 2025. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <br>**Investments in Securities** |  |  |  |  |
| U.S. Dollar Denominated Bonds & Notes | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1428088196 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1428088196 |
| Asset-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 494818890 | &nbsp;&nbsp;&nbsp;&nbsp; 6491430 | &nbsp;&nbsp;&nbsp;&nbsp; 501310320 |
| U.S. Treasury Securities | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 60637547 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 60637547 |
| Agency Credit Risk Transfer Notes | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9794509 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9794509 |
| U.S. Government Sponsored Agency Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9135948 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 9135948 |
| Variable Rate Senior Loan Interests | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7950396 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 7950396 |
| Municipal Obligations | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6730258 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6730258 |
| Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp; 6176604 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 6176604 |
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp; 1976145 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 1976145 |
| Money Market Funds | &nbsp;&nbsp;&nbsp;&nbsp; 117 | &nbsp;&nbsp;&nbsp;&nbsp; 151859963 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 151860080 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; 8152866 | &nbsp;&nbsp;&nbsp;&nbsp; 2169015707 | &nbsp;&nbsp;&nbsp;&nbsp; 6491430 | &nbsp;&nbsp;&nbsp;&nbsp; 2183660003 |
| **Other Investments - Assets\*** |  |  |  |  |
| Investments Matured | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 32900 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 32900 |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; 402232 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 402232 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; 402232 | &nbsp;&nbsp;&nbsp;&nbsp; 32900 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 435132 |
| **Other Investments - Liabilities\*** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; (1703673)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1703673)<br>|
| **Total Other Investments** | &nbsp;&nbsp;&nbsp;&nbsp; (1301441)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 32900 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (1268541)<br>|
| **Total Investments** | &nbsp;&nbsp;&nbsp;&nbsp; $6851425 | &nbsp;&nbsp;&nbsp;&nbsp; $2169048607 | &nbsp;&nbsp;&nbsp;&nbsp; $6491430 | &nbsp;&nbsp;&nbsp;&nbsp; $2182391462 |

---

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

\* Futures contracts are valued at unrealized appreciation (depreciation). Investments matured are shown at value.

**Invesco Short Term Bond Fund**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AIM Investment Securities Funds (Invesco Investment Securities Funds)

- **b. Investment Company Act file number:** 811-05686

- **c. CIK number of Registrant:** 0000842790

- **d. LEI of Registrant:** G61U5I6LJJEX0O3SU057

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

  - **Street Address 1:** 11 Greenway Plaza

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77046-1173

  - **Telephone number:** 800-959-4246

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

- **a. Name of Series:** Invesco Short Term Bond Fund

- **b. EDGAR series identifier (if any):** S000000256

- **c. LEI of Series:** XXR2E65IO7TCD1YSZT79

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**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:** $2208791153.51

**Total Liabilities:** $192611850.64

**Net Assets:** $2016179302.87

**Delayed Delivery Securities:** $17439966.30

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -6463.69422622 | **1-Year:** -169782.86459440 | **5-Year:** -232331.74706262 | **10-Year:** -48584.35238701 | **30-Year:** -9162.96258889

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

- **3-Month:** -143.80324233 | **1-Year:** -6840.74976371 | **5-Year:** -12322.25194633 | **10-Year:** -1819.69322010 | **30-Year:** -2.68968227

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000622 | 0.35%                | 0.47%                | 0.09%                |
| Class ID C000023124 | 0.27%                | 0.52%                | 0.14%                |
| Class ID C000071217 | 0.27%                | 0.52%                | 0.13%                |
| Class ID C000000623 | 0.23%                | 0.48%                | 0.09%                |
| Class ID C000120677 | 0.28%                | 0.53%                | 0.14%                |
| Class ID C000000621 | 0.38%                | 0.38%                | 0.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $392659.43               | $-2831302.53                               |
| Month 2  | $1071756.06              | $111727.56                                 |
| Month 3  | $-40561.83               | $-1999501.22                               |

**Designated Index Information**

- **Index Name:** Bloomberg Barclays US Govt/Credit 1-3 Yr Index

- **Index Identifier:** 100% BM-Securities only

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3133TJD75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     57226 | PA      | $3516.67      | 0.00%             | 2029-02-15      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| NiSource Inc.                                                                       | NiSource Inc.                                                                        | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    387000 | PA      | $394577.99    | 0.02%             | 2028-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                               | Federal National Mortgage Association, ARM                                           | CUSIP: 31418MKN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3534 | PA      | $3612.32      | 0.00%             | 2038-03-01      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Sasol Financing USA LLC                                                             | Sasol Financing USA LLC                                                              | CUSIP: 80386WAF2<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |   2930000 | PA      | $2883579.13   | 0.14%             | 2029-05-03      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                                                           | OBX Trust, Series 2022-NQM8, Class A1                                                | CUSIP: 67117YAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6386467 | PA      | $6375757.68   | 0.32%             | 2062-09-25      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392BJ98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     26007 | PA      | $2683.08      | 0.00%             | 2032-03-25      | Floating      | 3.66%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                                             | GA Global Funding Trust                                                              | CUSIP: 36143L2N4<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   4783000 | PA      | $4742270.70   | 0.24%             | 2027-09-23      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Mello Mortgage Capital Acceptance Trust                                             | Mello Mortgage Capital Acceptance Trust, Series 2021-INV2, Class A4                  | CUSIP: 58549XAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3128145 | PA      | $2758233.77   | 0.14%             | 2051-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc./AAdvantage Loyalty IP Ltd.                                   | American Airlines Inc./AAdvantage Loyalty IP Ltd.                                    | CUSIP: 00253XAA9<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499458.25    | 0.02%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PSEG Power LLC                                                                      | PSEG Power LLC                                                                       | CUSIP: 69362BBD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2455000 | PA      | $2479629.81   | 0.12%             | 2030-05-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Co. of New York, Inc.                                           | Consolidated Edison Co. of New York, Inc.                                            | CUSIP: 209111GL1<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |   3807000 | PA      | $3799309.44   | 0.19%             | 2027-11-18      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Wabtec Corp.                                                                        | Wabtec Corp.                                                                         | CUSIP: 960386AS9<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |   2489000 | PA      | $2503522.32   | 0.12%             | 2030-05-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31380EN59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     48345 | PA      | $50474.42     | 0.00%             | 2028-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust, Series 2022-NQM2, Class A1                      | CUSIP: 64831MAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3196009 | PA      | $2991534.74   | 0.15%             | 2062-03-27      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| SLM Corp.                                                                           | SLM Corp.                                                                            | CUSIP: 78442PGF7<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | DBT              | CORP              | US        |   1302000 | PA      | $1343416.48   | 0.07%             | 2030-01-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Mello Mortgage Capital Acceptance Trust                                             | Mello Mortgage Capital Acceptance Trust, Series 2021-INV3, Class A4                  | CUSIP: 585491AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3125374 | PA      | $2770559.65   | 0.14%             | 2051-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                                                 | Starwood Mortgage Residential Trust, Series 2020-1, Class A1                         | CUSIP: 85573AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     67854 | PA      | $64680.32     | 0.00%             | 2050-02-25      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                                  | Ellington Financial Mortgage Trust, Series 2022-1, Class A1                          | CUSIP: 31573CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3204504 | PA      | $2776190.22   | 0.14%             | 2067-01-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Capital Trust                                                | Credit Suisse Mortgage Capital Trust, Series 2020-AFC1, Class A1                     | CUSIP: 12597MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2355116 | PA      | $2233684.47   | 0.11%             | 2050-02-25      | Variable      | 3.24%                 | No            |                  2 | On Loan: No      |
| Wendy's Funding, LLC                                                                | Wendy's Funding, LLC, Series 2019-1A, Class A2I                                      | CUSIP: 95058XAG3<br>LEI: 5493009DRVSTWJOXUL48 | Long             | ABS-O            | CORP              | US        |   6211819 | PA      | $6118448.44   | 0.30%             | 2049-06-15      | Fixed         | 3.78%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172CU1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2297000 | PA      | $2301217.84   | 0.11%             | 2025-11-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31293AHV3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     67828 | PA      | $70896.12     | 0.00%             | 2028-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Cedar Funding XI Clo Ltd.                                                           | Cedar Funding XI Clo Ltd., Series 2019-11A, Class A1R2                               | CUSIP: 15033LAW2<br>LEI: 2549004YLPCISGLL7978 | Long             | ABS-CBDO         | CORP              | KY        |   2737836 | PA      | $2734251.76   | 0.14%             | 2032-05-29      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136B1BQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     16536 | PA      | $110.93       | 0.00%             | 2044-12-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                                      | Enterprise Fleet Financing LLC, Series 2024-2, Class A2                              | CUSIP: 29375RAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1118620 | PA      | $1123702.93   | 0.06%             | 2026-12-20      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31390NRM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     24518 | PA      | $25299.72     | 0.00%             | 2032-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive, Inc.                                                           | O'Reilly Automotive, Inc.                                                            | CUSIP: 67103HAM9<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |   3333000 | PA      | $3390327.73   | 0.17%             | 2026-11-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                           | RTX Corp.                                                                            | CUSIP: 75513ECU3<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   1409000 | PA      | $1469055.17   | 0.07%             | 2029-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Qdoba Funding LLC                                                                   | Qdoba Funding LLC, Series 2023-1A, Class A2                                          | CUSIP: 746954AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6368040 | PA      | $6643038.08   | 0.33%             | 2053-09-14      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31385W2S7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47309 | PA      | $49120.47     | 0.00%             | 2033-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3137B26D7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    194288 | PA      | $4439.12      | 0.00%             | 2028-05-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Walmart Inc.                                                                        | Walmart Inc.                                                                         | CUSIP: 931142FM0<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   4748000 | PA      | $4761371.18   | 0.24%             | 2027-04-28      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36207VWA0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       887 | PA      | $898.24       | 0.00%             | 2028-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ING Groep N.V.                                                                      | ING Groep N.V.                                                                       | CUSIP: 456837BF9<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   4294000 | PA      | $4372117.26   | 0.22%             | 2027-09-11      | Variable      | 6.08%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                          | Occidental Petroleum Corp.                                                           | CUSIP: 674599EH4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   3923000 | PA      | $3926096.89   | 0.19%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gap, Inc. (The)                                                                     | Gap, Inc. (The)                                                                      | CUSIP: 364760AP3<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | DBT              | CORP              | US        |    472000 | PA      | $431594.20    | 0.02%             | 2029-10-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Smith & Nephew PLC                                                                  | Smith & Nephew PLC                                                                   | CUSIP: 83192PAC2<br>LEI: 213800ZTMDN8S67S1H61 | Long             | DBT              | CORP              | GB        |    906000 | PA      | $914594.34    | 0.05%             | 2027-03-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                        | Avolon Holdings Funding Ltd.                                                         | CUSIP: 05401AAW1<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   3025000 | PA      | $3017716.89   | 0.15%             | 2028-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DM8<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   4953000 | PA      | $4955672.99   | 0.25%             | 2027-11-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| POSCO                                                                               | POSCO                                                                                | CUSIP: 73730EAC7<br>LEI: 9884000N94NH7G6LQ816 | Long             | DBT              | CORP              | KR        |   2197000 | PA      | $2208540.07   | 0.11%             | 2026-01-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Veralto Corp.                                                                       | Veralto Corp.                                                                        | CUSIP: 92338CAD5<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |   2209000 | PA      | $2268143.61   | 0.11%             | 2028-09-18      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| General Mills, Inc.                                                                 | General Mills, Inc.                                                                  | CUSIP: 370334CW2<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |   1608000 | PA      | $1660394.38   | 0.08%             | 2028-10-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Camden Property Trust                                                               | Camden Property Trust                                                                | CUSIP: 133131BA9<br>LEI: 5493002MYX22OHYJBD89 | Long             | DBT              | CORP              | US        |   8690000 | PA      | $8845303.34   | 0.44%             | 2026-11-03      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc.                                                               | WEC Energy Group Inc.                                                                | CUSIP: 92939UAH9<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   2286000 | PA      | $2286746.01   | 0.11%             | 2025-09-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II                                                    | Principal Life Global Funding II                                                     | CUSIP: 74256LEX3<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   1164000 | PA      | $1173162.48   | 0.06%             | 2027-01-16      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FCQE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     52831 | PA      | $7351.79      | 0.00%             | 2035-06-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31283HB20<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5500 | PA      | $5687.35      | 0.00%             | 2028-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                                                   | Duke Energy Corp.                                                                    | CUSIP: 26441CBV6<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $2143825.23   | 0.11%             | 2025-12-08      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                                                 | Bank of New York Mellon Corp. (The)                                                  | CUSIP: 06406RBV8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1093605.26   | 0.05%             | 2030-03-14      | Variable      | 4.97%                 | No            |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31283GRH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1165 | PA      | $1168.11      | 0.00%             | 2026-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4235000 | PA      | $4275599.93   | 0.21%             | 2029-04-12      | Variable      | 4.99%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association, IO                                         | CUSIP: 38380HQY1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |   1444331 | PA      | $173846.02    | 0.01%             | 2047-10-16      | Floating      | 1.76%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GXX7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   5082000 | PA      | $5087521.59   | 0.25%             | 2027-03-09      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36206LV55<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        44 | PA      | $44.09        | 0.00%             | 2025-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                                                  | Southern Co. (The)                                                                   | CUSIP: 842587DM6<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    942000 | PA      | $943319.77    | 0.05%             | 2025-10-06      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| Holcim Finance US LLC                                                               | Holcim Finance US LLC                                                                | CUSIP: 43475RAC0<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |    592000 | PA      | $596132.44    | 0.03%             | 2030-04-07      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp.                                                                 | Regal Rexnord Corp.                                                                  | CUSIP: 758750AM5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   2139000 | PA      | $2196636.79   | 0.11%             | 2028-04-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                                               | HPEFS Equipment Trust, Series 2023-2A, Class A2                                      | CUSIP: 44328UAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235131 | PA      | $235450.74    | 0.01%             | 2031-01-21      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                           | Toyota Motor Credit Corp.                                                            | CUSIP: 89236TMJ1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   5983000 | PA      | $5997281.42   | 0.30%             | 2026-08-07      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                            | HCA Inc.                                                                             | CUSIP: 404119CY3<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1121954.13   | 0.06%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Freddie Mac Multifamily Structured Pass-Through Ctfs.                               | Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K093, Class X1, IO     | CUSIP: 3137FMCT7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |  20617516 | PA      | $639299.70    | 0.03%             | 2029-05-25      | Variable      | 0.94%                 | No            |                  2 | On Loan: No      |
| OBX 2021-NQM4 Trust                                                                 | OBX 2021-NQM4 Trust, Series 2021-NQM4, Class A1                                      | CUSIP: 67115DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4767166 | PA      | $4025857.59   | 0.20%             | 2061-10-25      | Variable      | 1.96%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PET9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   3631000 | PA      | $3620505.39   | 0.18%             | 2029-01-24      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| COLT Mortgage Loan Trust                                                            | COLT Mortgage Loan Trust, Series 2021-5, Class A1                                    | CUSIP: 12598RAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4308435 | PA      | $3844933.19   | 0.19%             | 2066-11-26      | Variable      | 1.73%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2022-1, Class A1                                  | CUSIP: 92538WAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3176965 | PA      | $2932659.78   | 0.15%             | 2067-01-25      | Variable      | 2.72%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Co. LLC                                                     | Oncor Electric Delivery Co. LLC                                                      | CUSIP: 68233JCW2<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   2222000 | PA      | $2235096.76   | 0.11%             | 2029-11-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Santander Holdings USA, Inc.                                                        | Santander Holdings USA, Inc.                                                         | CUSIP: 80282KBK1<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   2749000 | PA      | $2774191.26   | 0.14%             | 2027-05-31      | Variable      | 6.12%                 | No            |                  2 | On Loan: —       |
| American Express Co.                                                                | American Express Co.                                                                 | CUSIP: 025816EE5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2014600.56   | 0.10%             | 2029-04-25      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                                  | General Motors Financial Co., Inc.                                                   | CUSIP: 37045XDZ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   4314000 | PA      | $4330179.70   | 0.21%             | 2025-10-10      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                   | NatWest Group PLC                                                                    | CUSIP: 639057AL2<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   3370000 | PA      | $3418168.72   | 0.17%             | 2028-03-01      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                               | NextEra Energy Capital Holdings, Inc.                                                | CUSIP: 65339KDG2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2628000 | PA      | $2656886.19   | 0.13%             | 2028-02-04      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| TierPoint Issuer LLC                                                                | TierPoint Issuer LLC, Series 2025-1A, Class A2                                       | CUSIP: 88651CAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4388000 | PA      | $4426757.45   | 0.22%             | 2055-04-26      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| RB Global Holdings Inc.                                                             | RB Global Holdings Inc.                                                              | CUSIP: 76774LAB3<br>LEI: 254900LH3N0EGB1LQ203 | Long             | DBT              | CORP              | US        |    217000 | PA      | $221894.57    | 0.01%             | 2028-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31368HKY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11391 | PA      | $11627.56     | 0.00%             | 2030-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BHP Billiton Finance (USA) Ltd.                                                     | BHP Billiton Finance (USA) Ltd.                                                      | CUSIP: 055451BB3<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |   7604000 | PA      | $7689501.73   | 0.38%             | 2026-09-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 17327CAW3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   9023000 | PA      | $9037289.45   | 0.45%             | 2029-03-04      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| Siemens Funding B.V.                                                                | Siemens Funding B.V.                                                                 | CUSIP: 82622RAA4<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   9011000 | PA      | $9033435.86   | 0.45%             | 2028-05-26      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association, IO                                         | CUSIP: 38377VGZ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |    540699 | PA      | $34728.58     | 0.00%             | 2041-04-16      | Floating      | 2.21%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust, Series 2022-LBA6, Class A                                                  | CUSIP: 12433EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5550000 | PA      | $5541556.23   | 0.27%             | 2039-01-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31394CXB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    176390 | PA      | $13791.25     | 0.00%             | 2035-03-25      | Floating      | 1.61%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                     | TransDigm, Inc.                                                                      | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    874000 | PA      | $890258.15    | 0.04%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172CV9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1212000 | PA      | $1233837.54   | 0.06%             | 2027-11-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) PLC                                                         | Rio Tinto Finance (USA) PLC                                                          | CUSIP: 76720AAQ9<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   3018000 | PA      | $3027302.29   | 0.15%             | 2027-03-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                               | CUSIP: 31325UP42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     79433 | PA      | $2086.08      | 0.00%             | 2027-12-15      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31403DCQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    119559 | PA      | $124848.58    | 0.01%             | 2034-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31394DQD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     67116 | PA      | $2616.16      | 0.00%             | 2035-05-25      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| Georgia-Pacific LLC                                                                 | Georgia-Pacific LLC                                                                  | CUSIP: 37331NAR2<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    760000 | PA      | $761000.32    | 0.04%             | 2028-06-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PNC Bank, N.A.                                                                      | PNC Bank, N.A.                                                                       | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   6646000 | PA      | $6647629.13   | 0.33%             | 2027-05-13      | Variable      | 4.54%                 | No            |                  2 | On Loan: —       |
| Standard Chartered PLC                                                              | Standard Chartered PLC                                                               | CUSIP: 853254CT5<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2402000 | PA      | $2436768.61   | 0.12%             | 2027-07-06      | Variable      | 6.19%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Ctfs. Trust                                              | WaMu Mortgage Pass-Through Ctfs. Trust, Series 2005-AR16, Class 1A1                  | CUSIP: 92922F6W3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    125098 | PA      | $114827.08    | 0.01%             | 2035-12-25      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac, Series 2022-DNA6, Class M1                                              | CUSIP: 35564KH36<br>LEI: 5493000IS30HKV5IAS29 | Long             | ABS-MBS          | USGSE             | US        |    579606 | PA      | $585111.83    | 0.03%             | 2042-09-25      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Allison Transmission, Inc.                                                          | Allison Transmission, Inc.                                                           | CUSIP: 019736AE7<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |   4950000 | PA      | $4870181.25   | 0.24%             | 2027-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36206FLF7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |        13 | PA      | $13.36        | 0.00%             | 2025-08-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Synchrony Card Funding, LLC                                                         | Synchrony Card Funding, LLC, Series 2024-A2, Class A                                 | CUSIP: 87166PAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1995000 | PA      | $2021444.12   | 0.10%             | 2030-07-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4406000 | PA      | $4439204.14   | 0.22%             | 2028-01-23      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36202CLU5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       355 | PA      | $354.95       | 0.00%             | 2025-12-20      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Private Credit Corp.                                                  | Goldman Sachs Private Credit Corp.                                                   | CUSIP: 38152BAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $504597.41    | 0.03%             | 2030-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac, Series 2023-DNA1, Class M1                                              | CUSIP: 35564KP37<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-MBS          | USGSE             | US        |    975553 | PA      | $989714.41    | 0.05%             | 2043-03-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133TM7G5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     14853 | PA      | $15223.38     | 0.00%             | 2029-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Capital Trust                                                | Credit Suisse Mortgage Capital Trust, Series 2021-NQM1, Class A1                     | CUSIP: 126407AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    656037 | PA      | $595430.50    | 0.03%             | 2065-05-25      | Variable      | 0.81%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                                            | PNC Financial Services Group, Inc. (The)                                             | CUSIP: 693475BQ7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3547000 | PA      | $3547733.45   | 0.18%             | 2026-06-12      | Variable      | 5.81%                 | No            |                  2 | On Loan: —       |
| Mexico Government International Bond                                                | Mexico Government International Bond                                                 | CUSIP: 91087BAY6<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   9715000 | PA      | $9676140.00   | 0.48%             | 2029-05-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Regal Rexnord Corp.                                                                 | Regal Rexnord Corp.                                                                  | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   4452000 | PA      | $4476027.93   | 0.22%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Ctfs. Trust                                              | WaMu Mortgage Pass-Through Ctfs. Trust, Series 2005-AR14, Class 1A4                  | CUSIP: 92922F4D7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     27776 | PA      | $26144.83     | 0.00%             | 2035-12-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| Banco Santander S.A.                                                                | Banco Santander S.A.                                                                 | CUSIP: 05964HAX3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    400000 | PA      | $410296.16    | 0.02%             | 2027-11-07      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                    | CVS Health Corp.                                                                     | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   6860000 | PA      | $6927001.62   | 0.34%             | 2055-03-10      | Variable      | 7.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 172967MB4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   7950000 | PA      | $7960351.77   | 0.39%             | 2026-07-01      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FCWD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     41964 | PA      | $5993.90      | 0.00%             | 2035-08-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Apollo Global Management, Inc.                                                      | Apollo Global Management, Inc., Pfd.                                                 | CUSIP: 03769M205<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |    239775 | NS      | $6176604.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of America Mortgage Trust                                                      | Banc of America Mortgage Trust, Series 2004-D, Class 2A2                             | CUSIP: 05949ADG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8843 | PA      | $8567.14      | 0.00%             | 2034-05-25      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31287PHP1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     14321 | PA      | $14985.54     | 0.00%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Fiserv, Inc.                                                                        | Fiserv, Inc.                                                                         | CUSIP: 337738BJ6<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   6233000 | PA      | $6302931.70   | 0.31%             | 2027-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                 | CUSIP: 29273VAR1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3595000 | PA      | $3665077.08   | 0.18%             | 2026-12-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ACG0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1484000 | PA      | $1497622.50   | 0.07%             | 2026-06-26      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                        | UBS Group AG                                                                         | CUSIP: 225401AY4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   6220000 | PA      | $6228874.88   | 0.31%             | 2026-07-15      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                            | John Deere Capital Corp.                                                             | CUSIP: 24422EXD6<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   1246000 | PA      | $1260032.33   | 0.06%             | 2026-09-08      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| IP 2025-IP Mortgage Trust                                                           | IP 2025-IP Mortgage Trust, Series 2025-IP, Class A                                   | CUSIP: 449843AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2999998.98   | 0.15%             | 2042-06-10      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital Services, Inc.                                                      | Hyundai Capital Services, Inc.                                                       | CUSIP: 44920UAX6<br>LEI: 549300MALMDAGL2ZJJ27 | Long             | DBT              | CORP              | KR        |   2243000 | PA      | $2266695.48   | 0.11%             | 2028-01-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Keybank N.A.                                                                        | Keybank N.A.                                                                         | CUSIP: 49327M3G7<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   1588000 | PA      | $1586923.42   | 0.08%             | 2026-01-26      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31296KPJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     31327 | PA      | $31226.93     | 0.00%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                                                           | Toyota Motor Credit Corp.                                                            | CUSIP: 89236TKZ7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   7552000 | PA      | $7575610.04   | 0.38%             | 2025-09-11      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Bayview MSR Opportunity Master Fund Trust                                           | Bayview MSR Opportunity Master Fund Trust, Series 2021-4, Class A8                   | CUSIP: 07336GAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4440757 | PA      | $3937904.72   | 0.20%             | 2051-10-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31296XJA4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      9852 | PA      | $10131.30     | 0.00%             | 2034-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Transocean Titan Financing Ltd.                                                     | Transocean Titan Financing Ltd.                                                      | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   3162143 | PA      | $3213676.60   | 0.16%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Synopsys, Inc.                                                                      | Synopsys, Inc.                                                                       | CUSIP: 871607AC1<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   2795000 | PA      | $2823301.86   | 0.14%             | 2030-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| Lloyds Banking Group PLC                                                            | Lloyds Banking Group PLC                                                             | CUSIP: 539439BB4<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   7547000 | PA      | $7556699.71   | 0.37%             | 2028-11-26      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc.                                                                       | Broadcom Inc.                                                                        | CUSIP: 11135FBZ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3259000 | PA      | $3301562.70   | 0.16%             | 2027-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                              | Standard Chartered PLC                                                               | CUSIP: 85325C2D3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   4557000 | PA      | $4632058.85   | 0.23%             | 2029-01-21      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CMY4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  40480100 | PA      | $40358343.55  | 2.00%             | 2027-04-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                                                      | Pacific Life Global Funding II                                                       | CUSIP: 6944PL2V0<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   4228000 | PA      | $4256061.57   | 0.21%             | 2026-07-28      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 31364JF57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    189177 | PA      | $20237.53     | 0.00%             | 2029-11-25      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TierPoint Issuer LLC                                                                | TierPoint Issuer LLC, Series 2023-1A, Class A2                                       | CUSIP: 88651CAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1068167 | PA      | $1069444.62   | 0.05%             | 2053-06-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 172967QB0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2019000 | PA      | $2029058.60   | 0.10%             | 2031-05-07      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                           | Ford Motor Credit Co. LLC                                                            | CUSIP: 345397E74<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   7536000 | PA      | $7529201.25   | 0.37%             | 2027-05-17      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Subway Funding LLC                                                                  | Subway Funding LLC, Series 2024-1A, Class A2I                                        | CUSIP: 864300AA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3125295 | PA      | $3162915.74   | 0.16%             | 2054-07-30      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc.                                                                         | AbbVie Inc.                                                                          | CUSIP: 00287YDR7<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   3202000 | PA      | $3233638.93   | 0.16%             | 2027-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36213GPS4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9438 | PA      | $9537.31      | 0.00%             | 2031-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31406EPY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14927 | PA      | $15326.81     | 0.00%             | 2034-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury 10 Year Notes Future                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |       -14 | NC      | $-8773.38     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Textainer Marine Containers VII Ltd.                                                | Textainer Marine Containers VII Ltd., Series 2021-3A, Class A                        | CUSIP: 88315LAS7<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | US        |   1925000 | PA      | $1690036.85   | 0.08%             | 2046-08-20      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FAKM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     67476 | PA      | $7851.68      | 0.00%             | 2032-04-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36213FQR7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     50348 | PA      | $51366.20     | 0.00%             | 2033-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31374GB89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10546 | PA      | $10595.48     | 0.00%             | 2027-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                                                           | Morgan Stanley Bank, N.A.                                                            | CUSIP: 61690U8G8<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   2414000 | PA      | $2413142.33   | 0.12%             | 2027-10-15      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust, Series 2025-VLT6, Class B                                                  | CUSIP: 12433KAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2870000 | PA      | $2854597.00   | 0.14%             | 2042-03-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Agl Clo 17 Ltd.                                                                     | Agl Clo 17 Ltd., Series 2022-17A, Class AR                                           | CUSIP: 00120DAJ5<br>LEI: 254900ISUA07JPVCOS18 | Long             | ABS-CBDO         | CORP              | KY        |   4509000 | PA      | $4481440.99   | 0.22%             | 2035-01-21      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                 | CUSIP: 29273VAS9<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1252000 | PA      | $1307648.35   | 0.06%             | 2028-12-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Saudi Arabian Oil Co.                                                               | Saudi Arabian Oil Co.                                                                | CUSIP: 80414L2X2<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |   5022000 | PA      | $5007569.28   | 0.25%             | 2030-06-02      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392F7G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     53207 | PA      | $4958.50      | 0.00%             | 2032-12-18      | Floating      | 3.66%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2021-1, Class A1B                                 | CUSIP: 92537QAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1606603 | PA      | $1419975.90   | 0.07%             | 2066-01-25      | Variable      | 0.81%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC                                            | Volkswagen Group of America Finance, LLC                                             | CUSIP: 928668CK6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2756000 | PA      | $2757326.41   | 0.14%             | 2026-08-14      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LG Electronics Inc.                                                                 | LG Electronics Inc.                                                                  | CUSIP: 50186QAC7<br>LEI: 988400RMQFTGZIOG0609 | Long             | DBT              | CORP              | KR        |  14770000 | PA      | $14989414.70  | 0.74%             | 2027-04-24      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392HRF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     30057 | PA      | $3774.99      | 0.00%             | 2033-02-25      | Floating      | 3.81%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2024-7, Class A1                                  | CUSIP: 924925AA8<br>LEI: 213800HQOHEFNJCQYJ07 | Long             | ABS-MBS          | CORP              | US        |   1823091 | PA      | $1813594.77   | 0.09%             | 2069-09-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| New Mountain Finance Corp.                                                          | New Mountain Finance Corp.                                                           | CUSIP: 647551AG5<br>LEI: 549300L1MPTT1H7SES77 | Long             | DBT              | CORP              | US        |   5651000 | PA      | $5679785.80   | 0.28%             | 2027-10-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Houston Electric, LLC                                            | CenterPoint Energy Houston Electric, LLC                                             | CUSIP: 15189XBD9<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |   1183000 | PA      | $1211813.62   | 0.06%             | 2028-10-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2020-3, Class A1                                    | CUSIP: 03465LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1550297 | PA      | $1458755.15   | 0.07%             | 2065-04-25      | Variable      | 1.69%                 | No            |                  2 | On Loan: No      |
| Goldentree Loan Management US CLO 1 Ltd.                                            | Goldentree Loan Management US CLO 1 Ltd., Series 2017-1A, Class A1R3                 | CUSIP: 38136FBU6<br>LEI: 549300BE2068MP2P8N06 | Long             | ABS-CBDO         | CORP              | KY        |   1680000 | PA      | $1678780.32   | 0.08%             | 2034-04-20      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                               | Athene Global Funding                                                                | CUSIP: 04685A3V1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   6005000 | PA      | $6058355.99   | 0.30%             | 2026-05-08      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FAZ94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     81785 | PA      | $10883.88     | 0.00%             | 2033-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                                                          | CNH Industrial Capital LLC                                                           | CUSIP: 12592BAU8<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    931000 | PA      | $933076.93    | 0.05%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bain Capital Specialty Finance, Inc.                                                | Bain Capital Specialty Finance, Inc.                                                 | CUSIP: 05684BAD9<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |    520000 | PA      | $512867.64    | 0.03%             | 2030-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                   | NatWest Group PLC                                                                    | CUSIP: 639057AG3<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   2399000 | PA      | $2426812.90   | 0.12%             | 2026-11-10      | Variable      | 7.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392EHB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     15005 | PA      | $1421.30      | 0.00%             | 2032-09-25      | Floating      | 3.56%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans Mortgage Pass-Through Trust                                  | Countrywide Home Loans Mortgage Pass-Through Trust, Series 2005-J4, Class A7         | CUSIP: 126694RQ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    237708 | PA      | $196613.14    | 0.01%             | 2035-11-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                           | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                            | CUSIP: 00774MBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   5973000 | PA      | $6092805.30   | 0.30%             | 2027-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392ERQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     27945 | PA      | $2977.34      | 0.00%             | 2032-07-25      | Floating      | 3.56%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Capital Trust                                                | Credit Suisse Mortgage Capital Trust, Series 2022-ATH2, Class A1                     | CUSIP: 12665WAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4748516 | PA      | $4734379.89   | 0.23%             | 2067-05-25      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                                                 | Starwood Mortgage Residential Trust, Series 2020-INV1, Class A1                      | CUSIP: 85573EAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    642533 | PA      | $605616.72    | 0.03%             | 2055-11-25      | Variable      | 1.03%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                    | Boeing Co. (The)                                                                     | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |    930000 | PA      | $956284.99    | 0.05%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EZ8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   5662000 | PA      | $5690312.60   | 0.28%             | 2031-05-13      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Transmission, LLC                                                       | FirstEnergy Transmission, LLC                                                        | CUSIP: 33767BAG4<br>LEI: 549300AINIIPOLYX2R63 | Long             | DBT              | CORP              | US        |    573000 | PA      | $567960.83    | 0.03%             | 2030-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| HSBC USA Inc.                                                                       | HSBC USA Inc.                                                                        | CUSIP: 40428HR95<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   2640000 | PA      | $2647795.81   | 0.13%             | 2028-06-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                                         | ONEOK, Inc.                                                                          | CUSIP: 682680BJ1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    613000 | PA      | $631129.81    | 0.03%             | 2028-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| American National Global Funding                                                    | American National Global Funding                                                     | CUSIP: 02771D2A1<br>LEI: 63540033TQXTOXKK1L93 | Long             | DBT              | CORP              | US        |   1218000 | PA      | $1235492.86   | 0.06%             | 2030-01-28      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Corp.                                                                    | Mitsubishi Corp.                                                                     | CUSIP: 606769AJ6<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | DBT              | CORP              | JP        |   2193000 | PA      | $2231653.23   | 0.11%             | 2029-07-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                               | NextEra Energy Capital Holdings, Inc.                                                | CUSIP: 65339KCS7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   6332000 | PA      | $6349007.25   | 0.31%             | 2026-01-29      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Lincoln Financial Global Funding                                                    | Lincoln Financial Global Funding                                                     | CUSIP: 53359KAB7<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |   7216000 | PA      | $7233351.67   | 0.36%             | 2028-05-28      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31395DUU1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     35411 | PA      | $40708.72     | 0.00%             | 2036-06-25      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FASW1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    157229 | PA      | $18852.66     | 0.00%             | 2032-12-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36206UQ93<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       300 | PA      | $300.14       | 0.00%             | 2026-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc.                                                               | Keurig Dr Pepper Inc.                                                                | CUSIP: 49271VAZ3<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |    528000 | PA      | $526289.96    | 0.03%             | 2028-05-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4937000 | PA      | $4927671.69   | 0.24%             | 2028-10-22      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31390RKP7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26789 | PA      | $26809.44     | 0.00%             | 2032-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                                                       | Citigroup Mortgage Loan Trust, Series 2004-UST1, Class A4                            | CUSIP: 17307GLB2<br>LEI: 549300R1KUK063S4I339 | Long             | ABS-MBS          | CORP              | US        |     25318 | PA      | $23891.08     | 0.00%             | 2034-08-25      | Variable      | 7.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31392X3Q9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     11862 | PA      | $11946.31     | 0.00%             | 2032-02-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31384VYU0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       837 | PA      | $863.83       | 0.00%             | 2030-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association, ARM                                           | CUSIP: 31410KWF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12246 | PA      | $12651.76     | 0.00%             | 2035-05-01      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                                               | International Business Machines Corp.                                                | CUSIP: 459200LG4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |  13373000 | PA      | $13498635.86  | 0.67%             | 2030-02-10      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Intuit Inc.                                                                         | Intuit Inc.                                                                          | CUSIP: 46124HAF3<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | DBT              | CORP              | US        |   5021000 | PA      | $5161006.42   | 0.26%             | 2028-09-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| Kinder Morgan, Inc.                                                                 | Kinder Morgan, Inc.                                                                  | CUSIP: 49456BAZ4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   2828000 | PA      | $2868991.10   | 0.14%             | 2029-08-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31398LPG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     78777 | PA      | $6481.07      | 0.00%             | 2039-12-15      | Floating      | 1.80%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                             | UnitedHealth Group Inc.                                                              | CUSIP: 91324PEN8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1513407.75   | 0.08%             | 2025-10-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                                           | Corebridge Global Funding                                                            | CUSIP: 00138CAW8<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   3810000 | PA      | $3837557.73   | 0.19%             | 2026-09-25      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2020-1, Class A1                                    | CUSIP: 03464RAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    373546 | PA      | $362673.60    | 0.02%             | 2059-12-25      | Variable      | 2.16%                 | No            |                  2 | On Loan: No      |
| Public Storage Operating Co.                                                        | Public Storage Operating Co.                                                         | CUSIP: 74464AAA9<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |   8464000 | PA      | $8465296.77   | 0.42%             | 2027-04-16      | Floating      | 5.04%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36209ASX9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       292 | PA      | $293.37       | 0.00%             | 2028-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31339MXK9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |      5680 | PA      | $5725.90      | 0.00%             | 2032-01-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2023-6, Class A1                                    | CUSIP: 03464UAA4<br>LEI: 254900QAUT3NUZVCSB04 | Long             | ABS-MBS          | CORP              | US        |   4023078 | PA      | $4048643.48   | 0.20%             | 2067-12-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Ziply Fiber Issuer LLC                                                              | Ziply Fiber Issuer LLC, Series 2024-1A, Class A2                                     | CUSIP: 98979QAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3907000 | PA      | $4007169.23   | 0.20%             | 2054-04-20      | Fixed         | 6.64%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Capital Trust                                                | Credit Suisse Mortgage Capital Trust, Series 2021-INV1, Class A4                     | CUSIP: 12661XAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10648847 | PA      | $9599371.50   | 0.48%             | 2056-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                                             | Daimler Truck Finance North America LLC                                              | CUSIP: 233853AP5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   1946000 | PA      | $1950361.67   | 0.10%             | 2026-01-16      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31392MHL9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     47673 | PA      | $49582.65     | 0.00%             | 2032-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                                        | BX Commercial Mortgage Trust, Series 2021-VOLT, Class C                              | CUSIP: 05609VAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2795000 | PA      | $2779030.21   | 0.14%             | 2036-09-15      | Floating      | 5.54%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) PLC                                                         | Rio Tinto Finance (USA) PLC                                                          | CUSIP: 76720AAS5<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |   1650000 | PA      | $1669088.67   | 0.08%             | 2030-03-14      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                                                      | Pacific Life Global Funding II                                                       | CUSIP: 6944PL2W8<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   5972000 | PA      | $6052786.83   | 0.30%             | 2026-08-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Zaxby's Funding LLC                                                                 | Zaxby's Funding LLC, Series 2021-1A, Class A2                                        | CUSIP: 98920MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9620188 | PA      | $8817805.18   | 0.44%             | 2051-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31402CTT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     87228 | PA      | $90406.88     | 0.00%             | 2034-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GCAT 2024-INV1 Trust                                                                | GCAT 2024-INV1 Trust, Series 2024-INV1, Class 2A2                                    | CUSIP: 36831BBC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2533627 | PA      | $2571617.79   | 0.13%             | 2054-01-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2022-7, Class A1                                  | CUSIP: 92539NAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1607674 | PA      | $1609517.11   | 0.08%             | 2067-07-25      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31410KWY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    390795 | PA      | $407343.83    | 0.02%             | 2037-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2022-INV2, Class A1                               | CUSIP: 924923AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2097217 | PA      | $2098548.44   | 0.10%             | 2067-10-25      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust, Series 2022-LBA6, Class C                                                  | CUSIP: 12433EAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1835000 | PA      | $1831182.28   | 0.09%             | 2039-01-15      | Floating      | 5.93%                 | No            |                  2 | On Loan: No      |
| Open Text Corp.                                                                     | Open Text Corp.                                                                      | CUSIP: 683715AF3<br>LEI: 549300HP7ONDQODZJV16 | Long             | DBT              | CORP              | CA        |    411000 | PA      | $423566.74    | 0.02%             | 2027-12-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                                  | Canadian Imperial Bank of Commerce                                                   | CUSIP: 13607LWT6<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   8290000 | PA      | $8444570.20   | 0.42%             | 2026-10-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: —       |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 3136A4HF9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     41229 | PA      | $40581.40     | 0.00%             | 2042-03-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.                                               | International Business Machines Corp.                                                | CUSIP: 459200LF6<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   8946000 | PA      | $9013152.43   | 0.45%             | 2028-02-10      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| CD Mortgage Trust                                                                   | CD Mortgage Trust, Series 2017-CD6, Class XA                                         | CUSIP: 125039AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6862672 | PA      | $105633.00    | 0.01%             | 2050-11-13      | Variable      | 0.89%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392EGP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     29563 | PA      | $2812.40      | 0.00%             | 2032-09-25      | Floating      | 3.56%                 | No            |                  2 | On Loan: No      |
| Nordson Corp.                                                                       | Nordson Corp.                                                                        | CUSIP: 655663AA0<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | DBT              | CORP              | US        |    812000 | PA      | $832491.27    | 0.04%             | 2028-09-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                                             | Daimler Truck Finance North America LLC                                              | CUSIP: 233853BC3<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    794000 | PA      | $799037.32    | 0.04%             | 2028-01-13      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Polaris Inc.                                                                        | Polaris Inc.                                                                         | CUSIP: 731068AA0<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1702614.20   | 0.08%             | 2029-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: —       |
| Walmart Inc.                                                                        | Walmart Inc.                                                                         | CUSIP: 931142FN8<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   2755000 | PA      | $2765981.49   | 0.14%             | 2030-04-28      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3137ARKB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    442527 | PA      | $8694.85      | 0.00%             | 2027-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                                                         | Nationwide Building Society                                                          | CUSIP: 63861VAJ6<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   2592000 | PA      | $2655004.47   | 0.13%             | 2027-10-18      | Variable      | 6.56%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust                                              | Merrill Lynch Mortgage Investors Trust, Series 2005-3, Class 3A                      | CUSIP: 59020UL52<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    199171 | PA      | $185364.01    | 0.01%             | 2035-11-25      | Variable      | 2.39%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury 5 Year Notes Future                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |     -2436 | NC      | $-887685.06   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31397L5D7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     32140 | PA      | $1118.63      | 0.00%             | 2038-07-25      | Floating      | 1.61%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                                  | T-Mobile USA, Inc.                                                                   | CUSIP: 87264ACZ6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    990000 | PA      | $1004907.82   | 0.05%             | 2028-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| AGCO Corp.                                                                          | AGCO Corp.                                                                           | CUSIP: 001084AR3<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | DBT              | CORP              | US        |   1605000 | PA      | $1618497.81   | 0.08%             | 2027-03-21      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36202DFF3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3535 | PA      | $3640.05      | 0.00%             | 2030-01-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Indonesia Government International Bond                                             | Indonesia Government International Bond                                              | CUSIP: 455780DT0<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |   9538000 | PA      | $9535623.42   | 0.47%             | 2029-03-10      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| TTX Co.                                                                             | TTX Co.                                                                              | CUSIP: 87305QCQ2<br>LEI: 549300I8CNSYS1OGX775 | Long             | DBT              | CORP              | US        |   8392000 | PA      | $8487647.40   | 0.42%             | 2026-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United Airlines, Inc.                                                               | United Airlines, Inc.                                                                | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1320014.28   | 0.07%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PDW3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   4528000 | PA      | $4623573.72   | 0.23%             | 2027-10-22      | Variable      | 6.07%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential Trust                                                 | Starwood Mortgage Residential Trust, Series 2022-1, Class A1                         | CUSIP: 85573TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4059789 | PA      | $3658630.16   | 0.18%             | 2066-12-25      | Variable      | 2.45%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136AXQT5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    316983 | PA      | $64715.73     | 0.00%             | 2047-08-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EnerSys                                                                             | EnerSys                                                                              | CUSIP: 29275YAC6<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |    337000 | PA      | $326357.74    | 0.02%             | 2027-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Alexander Funding Trust II                                                          | Alexander Funding Trust II                                                           | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1578000 | PA      | $1673565.31   | 0.08%             | 2028-07-31      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd.                                                                     | ICG US CLO Ltd., Series 2016-1A, Class A1RR                                          | CUSIP: 44931NAT8<br>LEI: 635400A7LQADQPBLJB50 | Long             | ABS-CBDO         | CORP              | KY        |   2998492 | PA      | $3001256.87   | 0.15%             | 2034-04-29      | Floating      | 5.79%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund                                                      | Blackstone Private Credit Fund                                                       | CUSIP: 09261HBA4<br>LEI: 549300ORP3TTCNXSYO43 | Long             | DBT              | CORP              | US        |   1379000 | PA      | $1387859.69   | 0.07%             | 2025-09-29      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                               | NextEra Energy Capital Holdings, Inc.                                                | CUSIP: 65339KBS8<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   4797000 | PA      | $4809732.20   | 0.24%             | 2025-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ACX3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   3061000 | PA      | $3083169.57   | 0.15%             | 2027-03-19      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 313921R34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     61957 | PA      | $5748.06      | 0.00%             | 2031-11-18      | Floating      | 3.46%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DF3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   3904000 | PA      | $3934384.25   | 0.20%             | 2027-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Visio Trust                                                                         | Visio Trust, Series 2020-1R, Class A1                                                | CUSIP: 92837MAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    610056 | PA      | $583542.88    | 0.03%             | 2055-11-25      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential Trust, Series 2022-SFR5, Class A                                | CUSIP: 74332YAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8311125 | PA      | $8269138.74   | 0.41%             | 2039-06-17      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31410GVK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     94367 | PA      | $96087.40     | 0.00%             | 2036-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36208WEG4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       206 | PA      | $208.53       | 0.00%             | 2028-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Keysight Technologies, Inc.                                                         | Keysight Technologies, Inc.                                                          | CUSIP: 49338LAH6<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |   3159000 | PA      | $3224321.23   | 0.16%             | 2030-07-30      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| COLT Mortgage Loan Trust                                                            | COLT Mortgage Loan Trust, Series 2022-5, Class A1                                    | CUSIP: 19688LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11235154 | PA      | $11202390.91  | 0.56%             | 2067-04-25      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                                                           | Morgan Stanley Bank, N.A.                                                            | CUSIP: 61690U8B9<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   5695000 | PA      | $5799221.86   | 0.29%             | 2028-05-26      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                                         | ONEOK, Inc.                                                                          | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1667000 | PA      | $1686364.32   | 0.08%             | 2026-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Clarios Global L.P./ Clarios US Finance Co.                                         | Clarios Global L.P./ Clarios US Finance Co.                                          | CUSIP: 18060TAD7<br>LEI: 549300474L1ZLXZY2P98 | Long             | DBT              | CORP              | US        |    373000 | PA      | $380182.12    | 0.02%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Capital One Financial Corp.                                                         | Capital One Financial Corp.                                                          | CUSIP: 14040HDB8<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1749000 | PA      | $1804918.12   | 0.09%             | 2027-10-29      | Variable      | 7.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31392KGA8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     13356 | PA      | $13318.40     | 0.00%             | 2032-03-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust                                          | JPMBB Commercial Mortgage Securities Trust, Series 2015-C27, Class XA                | CUSIP: 46644ABH4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3568092 | PA      | $89.56        | 0.00%             | 2048-02-15      | Variable      | 0.78%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YEZ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1638000 | PA      | $1641729.38   | 0.08%             | 2027-01-28      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| WaMu Mortgage Pass-Through Ctfs. Trust                                              | WaMu Mortgage Pass-Through Ctfs. Trust, Series 2003-AR10, Class A7                   | CUSIP: 92922FEB0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     61984 | PA      | $59764.73     | 0.00%             | 2033-10-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Symphony CLO XXI Ltd.                                                               | Symphony CLO XXI Ltd., Series 2019-21A, Class AR2                                    | CUSIP: 87166RGE1<br>LEI: 5493005CJY0RF4FJJP54 | Long             | ABS-CBDO         | CORP              | KY        |   4475166 | PA      | $4465893.80   | 0.22%             | 2032-07-15      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31403C5V9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    129477 | PA      | $132679.83    | 0.01%             | 2033-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Capital Trust                                                | Credit Suisse Mortgage Capital Trust, Series 2022-ATH1, Class A1A                    | CUSIP: 12660BAM3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3911510 | PA      | $3759349.23   | 0.19%             | 2067-01-25      | Variable      | 2.87%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                  | National Rural Utilities Cooperative Finance Corp.                                   | CUSIP: 63743HFK3<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   3402000 | PA      | $3455192.21   | 0.17%             | 2026-11-13      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31371KSD4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12006 | PA      | $12382.17     | 0.00%             | 2032-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36213GLY5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     31516 | PA      | $32695.77     | 0.00%             | 2031-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC                                            | Volkswagen Group of America Finance, LLC                                             | CUSIP: 928668BU5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   6360000 | PA      | $6370584.63   | 0.32%             | 2025-09-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                                                      | Protective Life Global Funding                                                       | CUSIP: 74368CBQ6<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   3829000 | PA      | $3845706.62   | 0.19%             | 2026-01-06      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                    | Bank of Montreal                                                                     | CUSIP: 06368LNT9<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1275000 | PA      | $1285515.41   | 0.06%             | 2026-06-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Nasdaq, Inc.                                                                        | Nasdaq, Inc.                                                                         | CUSIP: 63111XAG6<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |    703000 | PA      | $703096.73    | 0.03%             | 2025-06-28      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ADM6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2443000 | PA      | $2473286.99   | 0.12%             | 2030-01-08      | Fixed         | 5.30%                 | No            |                  2 | On Loan: —       |
| Fifth Third Bank, N.A.                                                              | Fifth Third Bank, N.A.                                                               | CUSIP: 31677QBV0<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   4445000 | PA      | $4443044.78   | 0.22%             | 2028-01-28      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                                                              | Standard Chartered PLC                                                               | CUSIP: 85325C2F8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   3096000 | PA      | $3099755.32   | 0.15%             | 2029-01-21      | Floating      | 5.58%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Houston Electric, LLC                                            | CenterPoint Energy Houston Electric, LLC                                             | CUSIP: 15189XBG2<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |   1833000 | PA      | $1851916.21   | 0.09%             | 2030-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| Toyota Motor Credit Corp.                                                           | Toyota Motor Credit Corp.                                                            | CUSIP: 89236TMK8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   1231000 | PA      | $1234164.74   | 0.06%             | 2029-08-09      | Fixed         | 4.55%                 | No            |                  2 | On Loan: —       |
| Benefit Street Partners CLO XXV Ltd.                                                | Benefit Street Partners CLO XXV Ltd., Series 2021-25A, Class A1R                     | CUSIP: 08186YAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5262000 | PA      | $5254238.55   | 0.26%             | 2035-01-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| New Jersey (State of) Transportation Trust Fund Authority                           | New Jersey (State of) Transportation Trust Fund Authority, Series 2024 BB, Ref. RB   | CUSIP: 64613CEY0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6730000 | PA      | $6730258.43   | 0.33%             | 2025-06-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                  | State Street Corp.                                                                   | CUSIP: 857477CN1<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   2704000 | PA      | $2712667.51   | 0.13%             | 2029-02-20      | Variable      | 4.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3137FGV77<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     14299 | PA      | $25.74        | 0.00%             | 2045-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136APZR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |   1966807 | PA      | $204694.88    | 0.01%             | 2035-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Stryker Corp.                                                                       | Stryker Corp.                                                                        | CUSIP: 863667BK6<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   7407000 | PA      | $7476425.29   | 0.37%             | 2028-02-10      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                                              | Sequoia Mortgage Trust, Series 2013-3, Class A1                                      | CUSIP: 81745RAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    420317 | PA      | $354066.65    | 0.02%             | 2043-03-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust, Series 2020-NQM1, Class A1                      | CUSIP: 64830VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    844153 | PA      | $794402.81    | 0.04%             | 2060-01-26      | Variable      | 2.46%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                                                          | Mars, Inc.                                                                           | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   8702000 | PA      | $8744990.40   | 0.43%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| Weir Group Inc.                                                                     | Weir Group Inc.                                                                      | CUSIP: 94877DAA2<br>LEI: 2138009WEPEV2V98AV65 | Long             | DBT              | CORP              | US        |    855000 | PA      | $858851.78    | 0.04%             | 2030-05-06      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                             | CarMax Auto Owner Trust, Series 2022-4, Class A4                                     | CUSIP: 14318UAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11274000 | PA      | $11435684.94  | 0.57%             | 2028-07-17      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding (AESOP) LLC                                          | Avis Budget Rental Car Funding (AESOP) LLC, Series 2022-5A, Class A                  | CUSIP: 05377RFV1<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |  19000000 | PA      | $19169495.20  | 0.95%             | 2027-04-20      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31389R7K6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22233 | PA      | $22985.93     | 0.00%             | 2031-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                                           | Corebridge Global Funding                                                            | CUSIP: 00138CAX6<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   1211000 | PA      | $1234576.85   | 0.06%             | 2029-01-12      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GC85<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   7444000 | PA      | $7492501.16   | 0.37%             | 2028-04-23      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                                                       | UBS Commercial Mortgage Trust, Series 2017-C5, Class XA                              | CUSIP: 90276TAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10133495 | PA      | $178191.43    | 0.01%             | 2050-11-15      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36201YWY8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     23528 | PA      | $23784.78     | 0.00%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95002YAA1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1651000 | PA      | $1762840.39   | 0.09%             | N/A             | Variable      | 7.62%                 | No            |                  2 | On Loan: —       |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GMU0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6983000 | PA      | $7005943.55   | 0.35%             | 2029-05-09      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31395LMA6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    215641 | PA      | $12843.63     | 0.00%             | 2035-01-15      | Floating      | 2.25%                 | No            |                  2 | On Loan: No      |
| Ryder System, Inc.                                                                  | Ryder System, Inc.                                                                   | CUSIP: 78355HLD9<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1176517.21   | 0.06%             | 2029-12-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                                                    | McDonald's Corp.                                                                     | CUSIP: 58013MFZ2<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |   4650000 | PA      | $4667705.43   | 0.23%             | 2030-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    964000 | PA      | $972613.51    | 0.05%             | 2029-01-24      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| Symphony CLO XVI Ltd.                                                               | Symphony CLO XVI Ltd., Series 2015-16A, Class ARR                                    | CUSIP: 87165VAX7<br>LEI: 5493004PWOYFPAFQVT02 | Long             | ABS-CBDO         | CORP              | KY        |   1803063 | PA      | $1803880.10   | 0.09%             | 2031-10-15      | Floating      | 5.46%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                                 | Citigroup Commercial Mortgage Trust, Series 2017-C4, Class XA                        | CUSIP: 17326FAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18152837 | PA      | $353230.61    | 0.02%             | 2050-10-12      | Variable      | 0.98%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31384WPH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     14410 | PA      | $14458.32     | 0.00%             | 2030-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                        | Barclays PLC                                                                         | CUSIP: 06738ECX1<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   2642000 | PA      | $2657707.51   | 0.13%             | 2029-02-25      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                                  | Ellington Financial Mortgage Trust, Series 2022-3, Class A1                          | CUSIP: 31573EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4611935 | PA      | $4595035.28   | 0.23%             | 2067-08-25      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                                                         | BNP Paribas                                                                          | CUSIP: 09659W3B8<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $5038128.50   | 0.25%             | 2029-05-09      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ACD7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    859000 | PA      | $874804.25    | 0.04%             | 2028-03-30      | Fixed         | 5.60%                 | No            |                  2 | On Loan: —       |
| Avis Budget Rental Car Funding (AESOP) LLC                                          | Avis Budget Rental Car Funding (AESOP) LLC, Series 2023-4A, Class A                  | CUSIP: 05377RGY4<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   6690000 | PA      | $6855418.28   | 0.34%             | 2029-06-20      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                                   | NatWest Group PLC                                                                    | CUSIP: 639057AF5<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |   1900000 | PA      | $1931795.02   | 0.10%             | 2028-09-30      | Variable      | 5.52%                 | No            |                  2 | On Loan: No      |
| Var Energi ASA                                                                      | Var Energi ASA                                                                       | CUSIP: 92212WAF7<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   1346000 | PA      | $1361936.14   | 0.07%             | 2030-05-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass-Through Ctfs.                               | Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K735, Class X1, IO     | CUSIP: 3137FMU83<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |  25751835 | PA      | $166307.93    | 0.01%             | 2026-05-25      | Variable      | 0.96%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136AAQJ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    449477 | PA      | $49006.64     | 0.00%             | 2042-12-25      | Floating      | 1.71%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36202CWV1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2939 | PA      | $2949.19      | 0.00%             | 2027-07-20      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Lamb Weston Holdings, Inc.                                                          | Lamb Weston Holdings, Inc.                                                           | CUSIP: 513272AD6<br>LEI: 5493005SMYID1D2OY946 | Long             | DBT              | CORP              | US        |    777000 | PA      | $733603.46    | 0.04%             | 2030-01-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                                                   | Duke Energy Corp.                                                                    | CUSIP: 26441CCC7<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    927000 | PA      | $936989.73    | 0.05%             | 2029-01-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| British Airways Pass-Through Trust                                                  | British Airways Pass-Through Trust                                                   | CUSIP: 11043XAB9<br>LEI: 635400GSHSFIWYIDXC76 | Long             | DBT              | CORP              | US        |    241713 | PA      | $230851.88    | 0.01%             | 2029-06-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust                                                      | Morgan Stanley Capital I Trust, Series 2017-HR2, Class XA                            | CUSIP: 61691NAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6867765 | PA      | $123443.96    | 0.01%             | 2050-12-15      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31375W6C0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        89 | PA      | $93.10        | 0.00%             | 2026-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                                                 | Macquarie Bank Ltd.                                                                  | CUSIP: 55608PBQ6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   5773000 | PA      | $5858959.68   | 0.29%             | 2026-12-07      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Invesco High Yield Select ETF                                                       | Invesco High Yield Select ETF                                                        | CUSIP: 46090A754<br>LEI: 549300CIKWQL9VXSUD47 | Long             | EC               | RF                | US        |      9000 | NS      | $227700.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Snam S.p.A.                                                                         | Snam S.p.A.                                                                          | CUSIP: 83304JAA5<br>LEI: 8156002278562044AF79 | Long             | DBT              | CORP              | IT        |   1068000 | PA      | $1068179.48   | 0.05%             | 2030-05-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust, Series 2025-VLT6, Class A                                                  | CUSIP: 12433KAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4055000 | PA      | $4041360.60   | 0.20%             | 2042-03-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                | Royal Bank of Canada                                                                 | CUSIP: 78017DAD0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   8932000 | PA      | $8859846.32   | 0.44%             | 2031-02-04      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31297BTP7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     18739 | PA      | $19585.81     | 0.00%             | 2031-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Tricon Residential 2025-SFR1 Trust                                                  | Tricon Residential 2025-SFR1 Trust, Series 2025-SFR1, Class A                        | CUSIP: 895974AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4040000 | PA      | $4037397.43   | 0.20%             | 2042-03-17      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                                                          | CNH Industrial Capital LLC                                                           | CUSIP: 12592BAP9<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   2893000 | PA      | $2902816.82   | 0.14%             | 2025-10-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Holcim Finance US LLC                                                               | Holcim Finance US LLC                                                                | CUSIP: 43475RAA4<br>LEI: 529900FB2F1WKLFNGY62 | Long             | DBT              | CORP              | US        |   4168000 | PA      | $4173844.08   | 0.21%             | 2027-04-07      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                                                                 | Frontier Issuer LLC, Series 2023-1, Class A2                                         | CUSIP: 35910EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5507791 | PA      | $5589675.33   | 0.28%             | 2053-08-20      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                                        | Avolon Holdings Funding Ltd.                                                         | CUSIP: 05401AAS0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   2807000 | PA      | $2906625.79   | 0.14%             | 2028-05-04      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Blue Owl Technology Finance Corp.                                                   | Blue Owl Technology Finance Corp.                                                    | CUSIP: 095924AA4<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |   4587000 | PA      | $4549698.79   | 0.23%             | 2028-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Diageo Capital PLC                                                                  | Diageo Capital PLC                                                                   | CUSIP: 25243YBK4<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |   4210000 | PA      | $4258369.15   | 0.21%             | 2026-10-05      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO 53B Ltd.                                                 | Golub Capital Partners CLO 53B Ltd., Series 2021-53A, Class AR                       | CUSIP: 38177YAL6<br>LEI: 254900DPK2EA9C8DGV68 | Long             | ABS-CBDO         | CORP              | KY        |   6284000 | PA      | $6241765.24   | 0.31%             | 2034-07-20      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Energy Transfer L.P.                                                                | Energy Transfer L.P.                                                                 | CUSIP: 29278NAN3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   9611000 | PA      | $9744649.80   | 0.48%             | 2027-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                 | CUSIP: 025816ED7<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   7123000 | PA      | $7164203.35   | 0.36%             | 2029-04-25      | Variable      | 4.73%                 | No            |                  2 | On Loan: —       |
| Symphony CLO XX Ltd.                                                                | Symphony CLO XX Ltd., Series 2018-20A, Class AR2                                     | CUSIP: 87166VAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3273466 | PA      | $3276739.29   | 0.16%             | 2032-01-16      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DC0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1864000 | PA      | $1911805.39   | 0.09%             | 2028-09-07      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133TDPP5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     88513 | PA      | $89470.18     | 0.00%             | 2028-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trust                                                     | Residential Mortgage Loan Trust, Series 2020-1, Class A1                             | CUSIP: 76119CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    114415 | PA      | $113239.51    | 0.01%             | 2060-01-26      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| BNP Paribas                                                                         | BNP Paribas                                                                          | CUSIP: 09659W3C6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   3093000 | PA      | $3088695.13   | 0.15%             | 2029-05-09      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FAHB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     50270 | PA      | $6656.09      | 0.00%             | 2032-02-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Regatta XIII Funding Ltd.                                                           | Regatta XIII Funding Ltd., Series 2018-2A, Class A1R                                 | CUSIP: 75888FAL9<br>LEI: 2549001ZYXDVCT6R4I31 | Long             | ABS-CBDO         | CORP              | KY        |   2053951 | PA      | $2054583.29   | 0.10%             | 2031-07-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC/Charter Communications Operating Capital Corp.  | CUSIP: 161175CM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4208000 | PA      | $4283499.73   | 0.21%             | 2026-11-10      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31403DWC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26576 | PA      | $27414.97     | 0.00%             | 2033-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                    | Bank of Montreal                                                                     | CUSIP: 06368MJH8<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   4242000 | PA      | $4217594.37   | 0.21%             | 2029-01-27      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                        | UBS Group AG                                                                         | CUSIP: 225401BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   4932000 | PA      | $5162764.98   | 0.26%             | 2029-09-22      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| Constellation Software Inc.                                                         | Constellation Software Inc.                                                          | CUSIP: 21037XAC4<br>LEI: 549300B6PYHMCTDWQV29 | Long             | DBT              | CORP              | CA        |   1107000 | PA      | $1120873.85   | 0.06%             | 2029-02-16      | Fixed         | 5.16%                 | No            |                  2 | On Loan: —       |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EK1<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   5237000 | PA      | $5228828.50   | 0.26%             | 2028-11-19      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury Long Bond Future                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |      -238 | NC      | $-348117.13   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136AB5N9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    118644 | PA      | $14311.23     | 0.00%             | 2043-02-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31396XUE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     79494 | PA      | $6130.60      | 0.00%             | 2037-06-25      | Floating      | 2.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392DW40<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     20451 | PA      | $2178.90      | 0.00%             | 2032-07-25      | Floating      | 3.56%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                               | CUSIP: 31325UP26<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    112055 | PA      | $2369.62      | 0.00%             | 2027-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                       | Citibank N.A.                                                                        | CUSIP: 17325FBC1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   2910000 | PA      | $2952554.09   | 0.15%             | 2026-12-04      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31394B6Z2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    365748 | PA      | $29462.58     | 0.00%             | 2035-02-25      | Floating      | 2.26%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association, IO                                         | CUSIP: 38380HHZ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |   1304586 | PA      | $183714.30    | 0.01%             | 2047-09-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Invesco Short Duration Total Return Bond ETF                                        | Invesco Short Duration Total Return Bond ETF                                         | CUSIP: 46090A739<br>LEI: 549300GDXFVEQHJBTS26 | Long             | EC               | RF                | US        |     12000 | NS      | $298620.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                                                            | BX Trust, Series 2022-LBA6, Class B                                                  | CUSIP: 12433EAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3435000 | PA      | $3429340.49   | 0.17%             | 2039-01-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31283HV85<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2553 | PA      | $2638.92      | 0.00%             | 2028-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Subway Funding LLC                                                                  | Subway Funding LLC, Series 2024-3A, Class A2I                                        | CUSIP: 864300AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2975050 | PA      | $2930041.96   | 0.15%             | 2054-07-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                        | Oracle Corp.                                                                         | CUSIP: 68389XCF0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1944000 | PA      | $1954400.96   | 0.10%             | 2025-11-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bank, N.A.                                                              | Fifth Third Bank, N.A.                                                               | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   2730000 | PA      | $2741949.10   | 0.14%             | 2028-01-28      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                                                          | Mars, Inc.                                                                           | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   3262000 | PA      | $3283523.95   | 0.16%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3128M6FN3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    158186 | PA      | $165786.24    | 0.01%             | 2035-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FCYY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     60774 | PA      | $6710.33      | 0.00%             | 2035-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31393APX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    413476 | PA      | $54965.79     | 0.00%             | 2033-04-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Veralto Corp.                                                                       | Veralto Corp.                                                                        | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |   5436000 | PA      | $5497347.65   | 0.27%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline, L.P.                                                  | Plains All American Pipeline, L.P., Series B                                         | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |   4776000 | PA      | $4755445.53   | 0.24%             | N/A             | Variable      | 8.70%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                                                        | Exelon Corp.                                                                         | CUSIP: 30161NBR1<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |   3148000 | PA      | $3190230.01   | 0.16%             | 2031-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage Trust                                                  | Ellington Financial Mortgage Trust, Series 2021-1, Class A1                          | CUSIP: 31574XAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    882005 | PA      | $747961.01    | 0.04%             | 2066-02-25      | Variable      | 0.80%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                                            | BX Trust, Series 2021-LGCY, Class A                                                  | CUSIP: 12434DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  25000000 | PA      | $24890840.00  | 1.23%             | 2036-10-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280DQ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   3964000 | PA      | $4004186.68   | 0.20%             | 2026-11-03      | Variable      | 7.34%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36225AQQ6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       341 | PA      | $341.10       | 0.00%             | 2026-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                                                | Caterpillar Financial Services Corp.                                                 | CUSIP: 14913UAD2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   1598000 | PA      | $1598723.99   | 0.08%             | 2025-08-11      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                    | Bank of Montreal                                                                     | CUSIP: 06368MJG0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   3940000 | PA      | $3982750.73   | 0.20%             | 2029-01-27      | Variable      | 5.00%                 | No            |                  2 | On Loan: —       |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392DPX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     33007 | PA      | $3220.71      | 0.00%             | 2032-03-18      | Floating      | 3.56%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                                                      | DTE Energy Co.                                                                       | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   1012000 | PA      | $1020447.17   | 0.05%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Trans-Allegheny Interstate Line Co.                                                 | Trans-Allegheny Interstate Line Co.                                                  | CUSIP: 893045AF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    514000 | PA      | $518182.18    | 0.03%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roper Technologies, Inc.                                                            | Roper Technologies, Inc.                                                             | CUSIP: 776696AG1<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1817000 | PA      | $1808347.65   | 0.09%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31396PVF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    500191 | PA      | $516511.17    | 0.03%             | 2037-03-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| X Corp.                                                                             | X Corp., Term Loan B                                                                 | CUSIP: 90184NAG3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2992347 | PA      | $2967196.26   | 0.15%             | 2029-10-27      | Floating      | 10.95%                | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31359XCD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     20932 | PA      | $21233.64     | 0.00%             | 2029-11-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                                         | ONEOK, Inc.                                                                          | CUSIP: 682680BD4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1865823.33   | 0.09%             | 2026-01-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Progress Residential Trust                                                          | Progress Residential Trust, Series 2021-SFR10, Class A                               | CUSIP: 74333WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3179514 | PA      | $2949827.68   | 0.15%             | 2040-12-17      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EP0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   5923000 | PA      | $5926663.08   | 0.29%             | 2030-11-19      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3137AXEJ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    211470 | PA      | $4511.47      | 0.00%             | 2027-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines Inc / SkyMiles IP Ltd.                                              | Delta Air Lines Inc / SkyMiles IP Ltd.                                               | CUSIP: 830867AA5<br>LEI: 2549008L7P4I8VB90936 | Long             | DBT              | CORP              | US        |   2002096 | PA      | $1994683.83   | 0.10%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Vendee Mortgage Trust                                                               | Vendee Mortgage Trust, Series 1995-2B, Class 2, IO                                   | CUSIP: 911760GA8<br>LEI: N/A                  | Long             | ABS-APCP         | USGSE             | US        |    222427 | PA      | $4.60         | 0.00%             | 2025-06-15      | Fixed         | 0.79%                 | No            |                  2 | On Loan: No      |
| Wayfair LLC                                                                         | Wayfair LLC                                                                          | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2441080.50   | 0.12%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| L3Harris Technologies, Inc.                                                         | L3Harris Technologies, Inc.                                                          | CUSIP: 502431AP4<br>LEI: 549300UTE50ZMDBG8A20 | Long             | DBT              | CORP              | US        |   4268000 | PA      | $4328446.83   | 0.21%             | 2027-01-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                           | Ford Motor Credit Co. LLC                                                            | CUSIP: 345397D59<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2198000 | PA      | $2245646.49   | 0.11%             | 2028-11-07      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                    | Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                     | CUSIP: 709599CB8<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   9398000 | PA      | $9551509.75   | 0.47%             | 2030-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Morgan Stanley Bank, N.A.                                                           | Morgan Stanley Bank, N.A.                                                            | CUSIP: 61690U8E3<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   5009000 | PA      | $5052338.07   | 0.25%             | 2028-07-14      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31388UJP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1138 | PA      | $1168.84      | 0.00%             | 2032-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities                                            | Fannie Mae Connecticut Avenue Securities, Series 2022-R04, Class 1M1                 | CUSIP: 20753YCH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1698793 | PA      | $1724694.83   | 0.09%             | 2042-03-25      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133994L8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     23527 | PA      | $23756.88     | 0.00%             | 2031-08-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                | Royal Bank of Canada                                                                 | CUSIP: 78016HZT0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1636000 | PA      | $1650057.18   | 0.08%             | 2027-01-19      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36205YBQ4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      2179 | PA      | $2187.25      | 0.00%             | 2028-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                | Glencore Funding LLC                                                                 | CUSIP: 378272BY3<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    816000 | PA      | $820152.22    | 0.04%             | 2028-04-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: —       |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FANS5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     25703 | PA      | $2797.18      | 0.00%             | 2032-07-25      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                               | CUSIP: 31282YCE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |      4046 | PA      | $234.27       | 0.00%             | 2028-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31397QWP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     63626 | PA      | $60485.48     | 0.00%             | 2041-03-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31395U5B3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    111586 | PA      | $6255.71      | 0.00%             | 2035-05-15      | Floating      | 2.27%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FCHX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     73793 | PA      | $10389.97     | 0.00%             | 2034-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                               | Athene Global Funding                                                                | CUSIP: 04685A4A6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   6818000 | PA      | $6837394.76   | 0.34%             | 2026-08-27      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO Ltd.                                                        | Bain Capital Credit CLO Ltd., Series 2021-1A, Class AR                               | CUSIP: 05684LAN5<br>LEI: 254900DHB4WS9ZL4ED63 | Long             | ABS-CBDO         | CORP              | KY        |   2452000 | PA      | $2438043.22   | 0.12%             | 2034-04-18      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group PLC                                                            | Lloyds Banking Group PLC                                                             | CUSIP: 53944YAZ6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   5333000 | PA      | $5395492.95   | 0.27%             | 2028-01-05      | Variable      | 5.46%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31292GY42<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6896 | PA      | $7091.13      | 0.00%             | 2029-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Southwest Gas Corp.                                                                 | Southwest Gas Corp.                                                                  | CUSIP: 845011AH8<br>LEI: OQQR1IQTGBKH0UR88X59 | Long             | DBT              | CORP              | US        |    786000 | PA      | $801791.70    | 0.04%             | 2028-03-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                                                           | OBX Trust, Series 2023-NQM1, Class A1                                                | CUSIP: 670855AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2650293 | PA      | $2648641.14   | 0.13%             | 2062-11-25      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                                                           | OBX Trust, Series 2022-NQM7, Class A1                                                | CUSIP: 67117DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2845946 | PA      | $2828985.68   | 0.14%             | 2062-08-25      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| ICON Investments Six DAC                                                            | ICON Investments Six DAC                                                             | CUSIP: 45115AAA2<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   1855000 | PA      | $1886503.89   | 0.09%             | 2027-05-08      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                                            | Benchmark Mortgage Trust, Series 2018-B1, Class XA                                   | CUSIP: 08162PAY7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16663860 | PA      | $186326.95    | 0.01%             | 2051-01-15      | Variable      | 0.53%                 | No            |                  2 | On Loan: No      |
| Mars, Inc.                                                                          | Mars, Inc.                                                                           | CUSIP: 571676AW5<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |   8062000 | PA      | $8073332.35   | 0.40%             | 2027-03-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: —       |
| Enterprise Fleet Financing LLC                                                      | Enterprise Fleet Financing LLC, Series 2024-2, Class A3                              | CUSIP: 29375RAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    730000 | PA      | $741661.68    | 0.04%             | 2028-04-20      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                                 | GS Mortgage-Backed Securities Trust, Series 2021-INV1, Class A6                      | CUSIP: 36263KAF8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4112711 | PA      | $3641680.84   | 0.18%             | 2051-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| American Airlines Pass-Through Trust                                                | American Airlines Pass-Through Trust, Series B                                       | CUSIP: 02376LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1372525 | PA      | $1287315.08   | 0.06%             | 2030-07-11      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GMP1<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2052000 | PA      | $2033568.53   | 0.10%             | 2031-01-24      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Pricoa Global Funding I                                                             | Pricoa Global Funding I                                                              | CUSIP: 74153WCT4<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   2508000 | PA      | $2541782.51   | 0.13%             | 2026-08-28      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The), Series W                                            | CUSIP: 38141GA38<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  10381000 | PA      | $10882111.63  | 0.54%             | N/A             | Variable      | 7.50%                 | No            |                  2 | On Loan: —       |
| Standard Chartered PLC                                                              | Standard Chartered PLC                                                               | CUSIP: 853254CW8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   2571000 | PA      | $2646935.18   | 0.13%             | 2028-02-08      | Variable      | 6.75%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc.                                                               | Cleveland-Cliffs Inc.                                                                | CUSIP: 185899AQ4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1814668.64   | 0.09%             | 2029-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2022-1, Class A1                                    | CUSIP: 03464BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5623422 | PA      | $5164702.91   | 0.26%             | 2066-12-25      | Variable      | 2.88%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                           | South Bow USA Infrastructure Holdings LLC                                            | CUSIP: 83007CAA0<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |   4891000 | PA      | $4895429.83   | 0.24%             | 2027-09-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Cummins Inc.                                                                        | Cummins Inc.                                                                         | CUSIP: 231021AY2<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | DBT              | CORP              | US        |   2519000 | PA      | $2523808.70   | 0.13%             | 2028-05-09      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Fannie Mae Connecticut Avenue Securities                                            | Fannie Mae Connecticut Avenue Securities, Series 2022-R03, Class 1M1                 | CUSIP: 20753XAA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3351299 | PA      | $3407676.89   | 0.17%             | 2042-03-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc.                                                                    | Xcel Energy Inc.                                                                     | CUSIP: 98389BBD1<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    530000 | PA      | $532822.31    | 0.03%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2025-NQM1                            | Morgan Stanley Residential Mortgage Loan Trust 2025-NQM1, Series 2025-NQM1, Class A1 | CUSIP: 617932AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5685544 | PA      | $5708170.15   | 0.28%             | 2069-11-25      | Variable      | 5.74%                 | No            |                  2 | On Loan: No      |
| Mitsubishi Ufj Financial Group, Inc.                                                | Mitsubishi Ufj Financial Group, Inc.                                                 | CUSIP: 606822DJ0<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   1928000 | PA      | $1961449.14   | 0.10%             | 2031-04-24      | Floating      | 5.82%                 | No            |                  2 | On Loan: —       |
| Citigroup Mortgage Loan Trust                                                       | Citigroup Mortgage Loan Trust, Series 2006-AR1, Class 1A1                            | CUSIP: 17307G2Z0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    294904 | PA      | $282238.59    | 0.01%             | 2035-10-25      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| Cleveland-Cliffs Inc.                                                               | Cleveland-Cliffs Inc.                                                                | CUSIP: 185899AH4<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1478311.32   | 0.07%             | 2027-06-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| Walmart Inc.                                                                        | Walmart Inc.                                                                         | CUSIP: 931142FL2<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   5723000 | PA      | $5733849.43   | 0.28%             | 2027-04-28      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 172967PY1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4499000 | PA      | $4510550.78   | 0.22%             | 2028-05-07      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31410FV85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18804 | PA      | $19633.95     | 0.00%             | 2030-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3128LXNJ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    141210 | PA      | $146102.08    | 0.01%             | 2032-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31288D6S3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     87827 | PA      | $91796.60     | 0.00%             | 2033-01-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GYH1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    431000 | PA      | $430665.42    | 0.02%             | 2027-09-10      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| LG Electronics Inc.                                                                 | LG Electronics Inc.                                                                  | CUSIP: 50186QAD5<br>LEI: 988400RMQFTGZIOG0609 | Long             | DBT              | CORP              | KR        |   1284000 | PA      | $1314962.26   | 0.07%             | 2029-04-24      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| American Express Co.                                                                | American Express Co.                                                                 | CUSIP: 025816DT3<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   3432000 | PA      | $3463575.12   | 0.17%             | 2027-04-23      | Variable      | 5.64%                 | No            |                  2 | On Loan: —       |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2024-10, Class A1                                   | CUSIP: 034933AA9<br>LEI: 254900QN92XYN8GJBJ44 | Long             | ABS-MBS          | CORP              | US        |   3321505 | PA      | $3308873.82   | 0.16%             | 2069-10-25      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280DZ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   2400000 | PA      | $2430408.02   | 0.12%             | 2027-08-14      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust                                         | Bear Stearns Adjustable Rate Mortgage Trust, Series 2006-1, Class A1                 | CUSIP: 07387AGZ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    161116 | PA      | $153006.93    | 0.01%             | 2036-02-25      | Floating      | 0.65%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136ASXP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    540045 | PA      | $72307.54     | 0.00%             | 2046-07-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31389X4V2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2078 | PA      | $2134.09      | 0.00%             | 2032-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ArcelorMittal                                                                       | ArcelorMittal                                                                        | CUSIP: 03938LBE3<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |   2473000 | PA      | $2565514.68   | 0.13%             | 2027-11-29      | Fixed         | 6.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392EHP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     20589 | PA      | $1966.24      | 0.00%             | 2032-04-25      | Floating      | 3.66%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                    | Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                     | CUSIP: 709599BW3<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1249892.62   | 0.06%             | 2028-08-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Cadence Design Systems, Inc.                                                        | Cadence Design Systems, Inc.                                                         | CUSIP: 127387AN8<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | DBT              | CORP              | US        |   2579000 | PA      | $2562265.90   | 0.13%             | 2029-09-10      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| Residential Accredit Loans, Inc. Trust                                              | Residential Accredit Loans, Inc. Trust, Series 2006-QS13, Class 1A8                  | CUSIP: 75115DAH8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2465 | PA      | $1991.99      | 0.00%             | 2036-09-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PRKCM Trust                                                                         | PRKCM Trust, Series 2022-AFC2, Class A1                                              | CUSIP: 69377TAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4559335 | PA      | $4540510.86   | 0.23%             | 2057-08-25      | Variable      | 5.33%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                                                             | Flagstar Mortgage Trust, Series 2021-8INV, Class A6                                  | CUSIP: 33852HAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1592397 | PA      | $1419509.11   | 0.07%             | 2051-09-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Constellation Brands, Inc.                                                          | Constellation Brands, Inc.                                                           | CUSIP: 21036PBS6<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    297000 | PA      | $296834.95    | 0.01%             | 2030-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                                                        | American Honda Finance Corp.                                                         | CUSIP: 02665WEQ0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   7315000 | PA      | $7344297.16   | 0.36%             | 2025-10-03      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AstraZeneca Finance LLC                                                             | AstraZeneca Finance LLC                                                              | CUSIP: 04636NAK9<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |   2840000 | PA      | $2871014.65   | 0.14%             | 2027-02-26      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| Comerica Inc.                                                                       | Comerica Inc.                                                                        | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |    673000 | PA      | $684197.55    | 0.03%             | 2030-01-30      | Variable      | 5.98%                 | No            |                  2 | On Loan: —       |
| BHP Billiton Finance (USA) Ltd.                                                     | BHP Billiton Finance (USA) Ltd.                                                      | CUSIP: 055451BC1<br>LEI: 5493003NUVITP3TMY274 | Long             | DBT              | CORP              | AU        |   4003000 | PA      | $4089841.60   | 0.20%             | 2028-09-08      | Fixed         | 5.10%                 | No            |                  2 | On Loan: —       |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                               | CUSIP: 31325UPL4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    155337 | PA      | $3891.45      | 0.00%             | 2027-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO Ltd.                                                        | Bain Capital Credit CLO Ltd., Series 2022-1A, Class A1                               | CUSIP: 05684UAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2554000 | PA      | $2557315.09   | 0.13%             | 2035-04-18      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| ERAC USA Finance LLC                                                                | ERAC USA Finance LLC                                                                 | CUSIP: 26884TAY8<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |    888000 | PA      | $904040.34    | 0.04%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Lithia Motors, Inc.                                                                 | Lithia Motors, Inc.                                                                  | CUSIP: 536797AE3<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5922863.40   | 0.29%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31392CE67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     15341 | PA      | $15491.17     | 0.00%             | 2032-04-25      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                                      | Enterprise Fleet Financing LLC, Series 2024-4, Class A3                              | CUSIP: 29374MAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1490000 | PA      | $1493789.96   | 0.07%             | 2028-11-20      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Rentokil Terminix Funding, LLC                                                      | Rentokil Terminix Funding, LLC                                                       | CUSIP: 760130AA2<br>LEI: 984500D5BAA7560EKJ44 | Long             | DBT              | CORP              | US        |   2465000 | PA      | $2458213.78   | 0.12%             | 2030-04-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GMT3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2398000 | PA      | $2397825.59   | 0.12%             | 2029-05-09      | Variable      | 4.62%                 | No            |                  2 | On Loan: No      |
| Blackstone Secured Lending Fund                                                     | Blackstone Secured Lending Fund                                                      | CUSIP: 09261XAH5<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |    801000 | PA      | $814830.97    | 0.04%             | 2027-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GC69<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   8571000 | PA      | $8506192.53   | 0.42%             | 2031-01-28      | Floating      | 5.42%                 | No            |                  2 | On Loan: —       |
| BX Commercial Mortgage Trust                                                        | BX Commercial Mortgage Trust, Series 2021-ACNT, Class A                              | CUSIP: 05609QAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2961966 | PA      | $2961160.29   | 0.15%             | 2038-11-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Goldentree Loan Management US Clo 8 Ltd.                                            | Goldentree Loan Management US Clo 8 Ltd., Series 2020-8A, Class ARR                  | CUSIP: 38136NAY2<br>LEI: 549300LOEERRNVSKVY31 | Long             | ABS-CBDO         | CORP              | KY        |   2228000 | PA      | $2227260.30   | 0.11%             | 2034-10-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Ryder System, Inc.                                                                  | Ryder System, Inc.                                                                   | CUSIP: 78355HLA5<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |   2676000 | PA      | $2711533.67   | 0.13%             | 2027-03-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO 1 Ltd.                                                              | Signal Peak CLO 1 Ltd., Series 2014-1A, Class AR4                                    | CUSIP: 82666TAL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4931000 | PA      | $4917178.41   | 0.24%             | 2034-04-17      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                                                     | BRAVO Residential Funding Trust, Series 2021-NQM2, Class A1                          | CUSIP: 10569EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    686493 | PA      | $663318.22    | 0.03%             | 2060-03-25      | Variable      | 0.97%                 | No            |                  2 | On Loan: No      |
| Rio Tinto Finance (USA) PLC                                                         | Rio Tinto Finance (USA) PLC                                                          | CUSIP: 76720AAR7<br>LEI: 2138006TSNBEUA761G16 | Long             | DBT              | CORP              | GB        |    227000 | PA      | $227995.65    | 0.01%             | 2028-03-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31395VZ51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    132598 | PA      | $6164.41      | 0.00%             | 2035-07-15      | Floating      | 1.70%                 | No            |                  2 | On Loan: No      |
| South Bow USA Infrastructure Holdings LLC                                           | South Bow USA Infrastructure Holdings LLC                                            | CUSIP: 83007CAC6<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |   1596000 | PA      | $1583152.07   | 0.08%             | 2029-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31407NJK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10028 | PA      | $10690.01     | 0.00%             | 2035-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31393YKN4<br>LEI: N/A                  | Long             | ABS-APCP         | USGSE             | US        |     35773 | PA      | $35637.22     | 0.00%             | 2047-02-25      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                                 | Fifth Third Bancorp                                                                  | CUSIP: 316773DK3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    406000 | PA      | $424769.87    | 0.02%             | 2029-07-27      | Variable      | 6.34%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31402DPF1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    164169 | PA      | $168621.89    | 0.01%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                           | RTX Corp.                                                                            | CUSIP: 75513ECQ2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    654000 | PA      | $656351.18    | 0.03%             | 2026-02-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392DCP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     31230 | PA      | $2338.81      | 0.00%             | 2032-04-25      | Floating      | 2.56%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                    | Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                     | CUSIP: 709599BU7<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   1798000 | PA      | $1813628.14   | 0.09%             | 2026-05-24      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Element Fleet Management Corp.                                                      | Element Fleet Management Corp.                                                       | CUSIP: 286181AK8<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   2523000 | PA      | $2648031.88   | 0.13%             | 2028-12-04      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| GSR Mortgage Loan Trust                                                             | GSR Mortgage Loan Trust, Series 2005-AR4, Class 6A1                                  | CUSIP: 362341FR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16868 | PA      | $15837.89     | 0.00%             | 2035-07-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage L.P.                                                            | Extra Space Storage L.P.                                                             | CUSIP: 30225VAJ6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |    829000 | PA      | $852381.97    | 0.04%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                                        | BX Commercial Mortgage Trust, Series 2021-VOLT, Class B                              | CUSIP: 05609VAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11325000 | PA      | $11259660.41  | 0.56%             | 2036-09-15      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36209BA24<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       206 | PA      | $205.88       | 0.00%             | 2028-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Public Storage Operating Co.                                                        | Public Storage Operating Co.                                                         | CUSIP: 74460WAF4<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |    752000 | PA      | $772085.72    | 0.04%             | 2029-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: —       |
| BSTN Commercial Mortgage Trust 2025-1C                                              | BSTN Commercial Mortgage Trust 2025-1C, Series 2025-1C, Class A                      | CUSIP: 05615EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    756000 | PA      | $762218.86    | 0.04%             | 2044-06-15      | Variable      | 5.55%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                                           | Corebridge Global Funding                                                            | CUSIP: 00138CAV0<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   1562000 | PA      | $1625017.89   | 0.08%             | 2028-09-19      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Advance Auto Parts, Inc.                                                            | Advance Auto Parts, Inc.                                                             | CUSIP: 00751YAH9<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   1889000 | PA      | $1901939.65   | 0.09%             | 2026-03-09      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Invesco Private Prime Fund                                                          | Invesco Private Prime Fund                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        | 110689566 | NS      | $110689566.49 | 5.49%             |  |  |  | No            |                  2 | On Loan: No      |
| U.S. Treasury Bills                                                                 | U.S. Treasury Bills                                                                  | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6258000 | PA      | $6021429.45   | 0.30%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust                                                   | Chase Home Lending Mortgage Trust, Series 2019-ATR1, Class A1                        | CUSIP: 16158RAR7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     42360 | PA      | $40125.64     | 0.00%             | 2049-04-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36207GK65<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       474 | PA      | $474.76       | 0.00%             | 2026-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                               | CUSIP: 31282YW70<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     21993 | PA      | $2463.72      | 0.00%             | 2032-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                                         | Freddie Mac, Series 2022-HQA3, Class M1                                              | CUSIP: 35564KE39<br>LEI: 5493000IRJ8RDHSNEL96 | Long             | ABS-MBS          | USGSE             | US        |   1756729 | PA      | $1789875.40   | 0.09%             | 2042-08-25      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.                                                         | United Parcel Service, Inc.                                                          | CUSIP: 911312CH7<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   1521000 | PA      | $1527069.99   | 0.08%             | 2030-10-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31410KQD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    152588 | PA      | $156737.19    | 0.01%             | 2034-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Paychex, Inc.                                                                       | Paychex, Inc.                                                                        | CUSIP: 704326AA5<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   2802000 | PA      | $2839590.03   | 0.14%             | 2030-04-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                  | State Street Corp.                                                                   | CUSIP: 857477DA8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1363533.67   | 0.07%             | 2028-04-24      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31395MTC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     43188 | PA      | $2505.30      | 0.00%             | 2035-02-15      | Floating      | 2.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31395XN43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    694746 | PA      | $709117.41    | 0.04%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury 10 Year Ultra Future                                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |      -549 | NC      | $-451350.47   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                                                                   | Duke Energy Corp.                                                                    | CUSIP: 26441CCB9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   4025000 | PA      | $4053515.60   | 0.20%             | 2027-01-05      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                                              | Sequoia Mortgage Trust, Series 2013-7, Class A2                                      | CUSIP: 81745CAB9<br>LEI: 549300DFASAA48I36408 | Long             | ABS-MBS          | CORP              | US        |    333714 | PA      | $297179.79    | 0.01%             | 2043-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31392EXR6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     10101 | PA      | $10068.34     | 0.00%             | 2032-10-18      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Goldentree Loan Management US CLO 5 Ltd.                                            | Goldentree Loan Management US CLO 5 Ltd., Series 2019-5A, Class ARR                  | CUSIP: 38138DAY2<br>LEI: 549300O473GD3F35WC55 | Long             | ABS-CBDO         | CORP              | US        |   5776171 | PA      | $5779839.10   | 0.29%             | 2032-10-20      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                               | Foundry JV Holdco LLC                                                                | CUSIP: 350930AB9<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1087040.01   | 0.05%             | 2030-01-25      | Fixed         | 5.90%                 | No            |                  2 | On Loan: —       |
| Structured Asset Securities Corp. Pass-Through Ctfs.                                | Structured Asset Securities Corp. Pass-Through Ctfs., Series 2002-AL1, Class AIO     | CUSIP: 86358RYA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    160561 | PA      | $8933.09      | 0.00%             | 2032-02-25      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31371KEA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1496 | PA      | $1517.22      | 0.00%             | 2031-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31393FG91<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     21785 | PA      | $1258.96      | 0.00%             | 2029-06-15      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Stryker Corp.                                                                       | Stryker Corp.                                                                        | CUSIP: 863667BJ9<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |   5884000 | PA      | $5906221.34   | 0.29%             | 2027-02-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: —       |
| Glencore Funding LLC                                                                | Glencore Funding LLC                                                                 | CUSIP: 378272BW7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1517000 | PA      | $1522237.05   | 0.08%             | 2027-04-04      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Buckhorn Park CLO Ltd.                                                              | Buckhorn Park CLO Ltd., Series 2019-1A, Class ARR                                    | CUSIP: 118382BA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1523000 | PA      | $1521180.02   | 0.08%             | 2034-07-18      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FAA83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    102637 | PA      | $12373.13     | 0.00%             | 2033-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392AZY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     16148 | PA      | $1600.46      | 0.00%             | 2031-11-25      | Floating      | 3.46%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                           | Williams Cos., Inc. (The)                                                            | CUSIP: 969457CL2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   2089000 | PA      | $2101303.42   | 0.10%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| Pinnacle West Capital Corp.                                                         | Pinnacle West Capital Corp.                                                          | CUSIP: 723484AN1<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |   1344000 | PA      | $1359816.38   | 0.07%             | 2030-05-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Pinnacle West Capital Corp.                                                         | Pinnacle West Capital Corp.                                                          | CUSIP: 723484AM3<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | DBT              | CORP              | US        |    839000 | PA      | $845706.76    | 0.04%             | 2028-05-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36206YLB5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      3591 | PA      | $3611.80      | 0.00%             | 2027-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO 6                                                                    | Pikes Peak CLO 6, Series 2020-6A, Class ARR                                          | CUSIP: 72132YAY1<br>LEI: 635400BKNXKWEO3G2J74 | Long             | ABS-CBDO         | CORP              | KY        |   3978000 | PA      | $3964140.65   | 0.20%             | 2034-05-18      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FCHZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     73960 | PA      | $10417.52     | 0.00%             | 2034-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36208DUE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       180 | PA      | $180.98       | 0.00%             | 2028-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 172967NX5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   4357000 | PA      | $4367358.51   | 0.22%             | 2026-09-29      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| Countrywide Home Loans Mortgage Pass-Through Trust                                  | Countrywide Home Loans Mortgage Pass-Through Trust, Series 2005-17, Class 1A8        | CUSIP: 12669G5U1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    130636 | PA      | $128487.99    | 0.01%             | 2035-09-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| McKesson Corp.                                                                      | McKesson Corp.                                                                       | CUSIP: 581557BW4<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |   4383000 | PA      | $4390330.79   | 0.22%             | 2030-05-30      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Meta Platforms, Inc.                                                                | Meta Platforms, Inc.                                                                 | CUSIP: 30303M8S4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   1948000 | PA      | $1956229.13   | 0.10%             | 2029-08-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Element Fleet Management Corp.                                                      | Element Fleet Management Corp.                                                       | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   2608000 | PA      | $2597483.08   | 0.13%             | 2030-03-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31403DLW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     66708 | PA      | $69223.25     | 0.00%             | 2032-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Office Properties Income Trust                                                      | Office Properties Income Trust                                                       | CUSIP: 67623CAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1069000 | PA      | $791060.00    | 0.04%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Campbell's Co. (The)                                                                | Campbell's Co. (The)                                                                 | CUSIP: 134429BM0<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |    894000 | PA      | $904544.02    | 0.04%             | 2027-03-19      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                                                | Caterpillar Financial Services Corp.                                                 | CUSIP: 14913UAV2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   4048000 | PA      | $4068165.68   | 0.20%             | 2027-01-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                                                     | TransDigm, Inc.                                                                      | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   4621000 | PA      | $4702084.69   | 0.23%             | 2029-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3133TSMQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     56010 | PA      | $2836.00      | 0.00%             | 2029-06-15      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31395DUN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     99404 | PA      | $114759.91    | 0.01%             | 2036-06-25      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| Brandywine Operating Partnership, L.P.                                              | Brandywine Operating Partnership, L.P.                                               | CUSIP: 105340AR4<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              | CORP              | US        |   4768000 | PA      | $5001841.79   | 0.25%             | 2028-03-15      | Fixed         | 8.30%                 | No            |                  2 | On Loan: —       |
| National Rural Utilities Cooperative Finance Corp.                                  | National Rural Utilities Cooperative Finance Corp.                                   | CUSIP: 63743HFQ0<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   5268000 | PA      | $5283928.17   | 0.26%             | 2027-02-05      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                                         | ONEOK, Inc.                                                                          | CUSIP: 682680CB7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   6555000 | PA      | $6513836.11   | 0.32%             | 2027-09-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                                         | Toronto-Dominion Bank (The)                                                          | CUSIP: 89115A3B6<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   7639000 | PA      | $7646442.68   | 0.38%             | 2026-12-17      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31392MW99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     14924 | PA      | $15029.99     | 0.00%             | 2032-02-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31392RKE0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |      7298 | PA      | $7349.43      | 0.00%             | 2031-12-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc.                                                             | UnitedHealth Group Inc.                                                              | CUSIP: 91324PFF4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   3784000 | PA      | $3793418.72   | 0.19%             | 2026-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Berry Global, Inc.                                                                  | Berry Global, Inc.                                                                   | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   1044000 | PA      | $1041421.53   | 0.05%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                                            | PNC Financial Services Group, Inc. (The)                                             | CUSIP: 693475BR5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2924000 | PA      | $3009256.21   | 0.15%             | 2029-06-12      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31339W2H8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     61683 | PA      | $64216.18     | 0.00%             | 2032-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                                                   | Duke Energy Corp.                                                                    | CUSIP: 26441CBW4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    628000 | PA      | $635720.44    | 0.03%             | 2027-12-08      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                                            | Bristol-Myers Squibb Co.                                                             | CUSIP: 110122EE4<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    619000 | PA      | $626390.90    | 0.03%             | 2027-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Oncor Electric Delivery Co. LLC                                                     | Oncor Electric Delivery Co. LLC                                                      | CUSIP: 68233JCY8<br>LEI: 549300SP2X2BS1KERD24 | Long             | DBT              | CORP              | US        |   5571000 | PA      | $5585109.67   | 0.28%             | 2027-03-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                                                           | OBX Trust, Series 2022-NQM1, Class A1                                                | CUSIP: 67114VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3931216 | PA      | $3493681.61   | 0.17%             | 2061-11-25      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31393JC55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |      1376 | PA      | $1375.58      | 0.00%             | 2033-01-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31392EQ29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |      4722 | PA      | $4756.05      | 0.00%             | 2032-04-25      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31371H2F4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2934 | PA      | $3025.28      | 0.00%             | 2029-11-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Siemens Funding B.V.                                                                | Siemens Funding B.V.                                                                 | CUSIP: 82622RAC0<br>LEI: 213800CCRGH2TO338X64 | Long             | DBT              | CORP              | NL        |   1400000 | PA      | $1403268.97   | 0.07%             | 2030-05-28      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                           | Vistra Operations Co. LLC                                                            | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1499943.75   | 0.07%             | 2027-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                                                  | Northwestern Mutual Global Funding                                                   | CUSIP: 66815L2R9<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   2761000 | PA      | $2794679.20   | 0.14%             | 2027-03-25      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31391B6M4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       150 | PA      | $153.66       | 0.00%             | 2032-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Citadel L.P.                                                                        | Citadel L.P.                                                                         | CUSIP: 17288XAD6<br>LEI: 549300IPM6EKPVUPFL67 | Long             | DBT              | CORP              | US        |    417000 | PA      | $427042.82    | 0.02%             | 2030-01-23      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Elevance Health, Inc.                                                               | Elevance Health, Inc.                                                                | CUSIP: 036752AV5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   3439000 | PA      | $3444577.51   | 0.17%             | 2025-10-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                                                        | Marriott International, Inc.                                                         | CUSIP: 571903BR3<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |   2403000 | PA      | $2408605.98   | 0.12%             | 2030-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| Santander UK Group Holdings PLC                                                     | Santander UK Group Holdings PLC                                                      | CUSIP: 80281LAS4<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   2492000 | PA      | $2514985.04   | 0.12%             | 2026-11-21      | Variable      | 6.83%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank, Ltd.                                                    | Sumitomo Mitsui Trust Bank, Ltd.                                                     | CUSIP: 86563VBP3<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   2788000 | PA      | $2823496.17   | 0.14%             | 2027-03-07      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| National Rural Utilities Cooperative Finance Corp.                                  | National Rural Utilities Cooperative Finance Corp.                                   | CUSIP: 63743HFT4<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   4701000 | PA      | $4688438.03   | 0.23%             | 2027-09-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2020-5, Class A1                                    | CUSIP: 03464WAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    703949 | PA      | $674674.01    | 0.03%             | 2065-05-25      | Variable      | 1.37%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GLE7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   3043000 | PA      | $3049871.15   | 0.15%             | 2027-01-20      | Variable      | 5.08%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                               | CUSIP: 31282YCV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     23371 | PA      | $2471.67      | 0.00%             | 2029-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                                               | Athene Global Funding                                                                | CUSIP: 04685A3T6<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2394000 | PA      | $2428263.00   | 0.12%             | 2027-03-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31371K3B5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15878 | PA      | $16490.29     | 0.00%             | 2033-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp. | Charter Communications Operating LLC/Charter Communications Operating Capital Corp.  | CUSIP: 161175AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  23280000 | PA      | $23277135.63  | 1.15%             | 2025-07-23      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                                  | United Airlines Pass-Through Trust, Series 20-1                                      | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1729902 | PA      | $1762255.88   | 0.09%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PacifiCorp                                                                          | PacifiCorp                                                                           | CUSIP: 695114DB1<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1090838.33   | 0.05%             | 2029-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: —       |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133TTX30<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     14377 | PA      | $14895.46     | 0.00%             | 2031-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust                                                       | Citigroup Mortgage Loan Trust, Series 2021-INV3, Class A3                            | CUSIP: 17329VBA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5058754 | PA      | $4052850.72   | 0.20%             | 2051-05-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                                               | Bank of America Corp.                                                                | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   9616000 | PA      | $9712070.76   | 0.48%             | 2029-01-24      | Variable      | 4.98%                 | No            |                  2 | On Loan: —       |
| Ellington Financial Mortgage Trust                                                  | Ellington Financial Mortgage Trust, Series 2020-1, Class A1                          | CUSIP: 31574PAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     86684 | PA      | $85698.06     | 0.00%             | 2065-05-25      | Variable      | 2.01%                 | No            |                  2 | On Loan: No      |
| Lennox International Inc.                                                           | Lennox International Inc.                                                            | CUSIP: 526107AG2<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1623205.83   | 0.08%             | 2028-09-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co.                                                                   | Genuine Parts Co.                                                                    | CUSIP: 372460AE5<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |   1991000 | PA      | $2105957.85   | 0.10%             | 2028-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31403XSW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40004 | PA      | $41756.98     | 0.00%             | 2033-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36206JK45<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       143 | PA      | $143.72       | 0.00%             | 2026-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFF7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    836000 | PA      | $855265.11    | 0.04%             | 2029-07-20      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CND9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2427600 | PA      | $2420487.88   | 0.12%             | 2028-05-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Realty Income Corp.                                                                 | Realty Income Corp.                                                                  | CUSIP: 756109BQ6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    710000 | PA      | $708679.78    | 0.04%             | 2026-01-13      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy, Inc.                                                            | Diamondback Energy, Inc.                                                             | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   1341000 | PA      | $1357595.13   | 0.07%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                                            | John Deere Capital Corp.                                                             | CUSIP: 24422EWV7<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    573000 | PA      | $584188.85    | 0.03%             | 2028-03-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ADL8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   7858000 | PA      | $7868278.58   | 0.39%             | 2028-01-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Molex Electronic Technologies, LLC                                                  | Molex Electronic Technologies, LLC                                                   | CUSIP: 60856BAE4<br>LEI: 549300WTBVUFUPSIWI20 | Long             | DBT              | CORP              | US        |   1216000 | PA      | $1217808.28   | 0.06%             | 2028-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                        | UBS Group AG                                                                         | CUSIP: 902613AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   6640000 | PA      | $6675506.94   | 0.33%             | 2027-01-12      | Variable      | 5.71%                 | No            |                  2 | On Loan: —       |
| Goldman Sachs Private Credit Corp.                                                  | Goldman Sachs Private Credit Corp.                                                   | CUSIP: 38152BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $502000.55    | 0.02%             | 2028-05-06      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ICON Investments Six DAC                                                            | ICON Investments Six DAC                                                             | CUSIP: 45115AAB0<br>LEI: 635400FQ1M7J2CHLAS59 | Long             | DBT              | CORP              | IE        |   1536000 | PA      | $1574460.46   | 0.08%             | 2029-05-08      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp., ARM                                                | CUSIP: 3128QJWQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1454 | PA      | $1497.09      | 0.00%             | 2037-02-01      | Floating      | 7.23%                 | No            |                  2 | On Loan: No      |
| IP Lending IV Ltd.                                                                  | IP Lending IV Ltd., Series 2022-4A, Class SNR                                        | CUSIP: 44989DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | BM        |   6557000 | PA      | $6491430.00   | 0.32%             | 2027-04-28      | Fixed         | 6.05%                 | No            |                  3 | On Loan: No      |
| Lloyds Banking Group PLC                                                            | Lloyds Banking Group PLC                                                             | CUSIP: 539439AY5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   2593000 | PA      | $2629946.10   | 0.13%             | 2027-08-07      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EQ8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   5108000 | PA      | $5120624.63   | 0.25%             | 2029-03-03      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3137AEH57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     42689 | PA      | $40662.71     | 0.00%             | 2038-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.                                               | NextEra Energy Capital Holdings, Inc.                                                | CUSIP: 65339KDE7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3474000 | PA      | $3487003.18   | 0.17%             | 2055-08-15      | Variable      | 6.38%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31402RHV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     61781 | PA      | $63453.30     | 0.00%             | 2031-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                  | State Street Corp.                                                                   | CUSIP: 857477CF8<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   2921000 | PA      | $3038223.24   | 0.15%             | 2029-11-21      | Variable      | 5.68%                 | No            |                  2 | On Loan: —       |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31397TEH1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    445777 | PA      | $40485.85     | 0.00%             | 2038-05-15      | Floating      | 1.62%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                                           | Corebridge Global Funding                                                            | CUSIP: 00138CBB3<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   3690000 | PA      | $3700234.36   | 0.18%             | 2027-08-20      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Zegona Finance PLC                                                                  | Zegona Finance PLC                                                                   | CUSIP: 98927UAA5<br>LEI: 254900B3KC1SS7T2TE92 | Long             | DBT              | CORP              | GB        |   1808000 | PA      | $1932300.00   | 0.10%             | 2029-07-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31392RNB3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     14968 | PA      | $15113.55     | 0.00%             | 2032-02-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp                                                                        | U.S. Bancorp                                                                         | CUSIP: 91159HJP6<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   8690000 | PA      | $8950472.76   | 0.44%             | 2027-10-26      | Variable      | 6.79%                 | No            |                  2 | On Loan: No      |
| U.S. Treasury Notes/Bonds                                                           | U.S. Treasury Notes/Bonds                                                            | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10316400 | PA      | $10276907.58  | 0.51%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                    | Penske Truck Leasing Co. L.P./ PTL Finance Corp.                                     | CUSIP: 709599BY9<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1088890.60   | 0.05%             | 2027-01-12      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2020-1, Class A1                                  | CUSIP: 92536PAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    577852 | PA      | $566318.97    | 0.03%             | 2060-01-25      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31403DA33<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     94741 | PA      | $96822.34     | 0.00%             | 2033-08-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                                                 | Kinder Morgan, Inc.                                                                  | CUSIP: 49456BBB6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   1293000 | PA      | $1305576.02   | 0.06%             | 2030-06-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Tennessee Gas Pipeline Co., L.L.C.                                                  | Tennessee Gas Pipeline Co., L.L.C.                                                   | CUSIP: 880451AV1<br>LEI: OP63ORXB4ZHLAWFS1Q36 | Long             | DBT              | CORP              | US        |   7584000 | PA      | $8114189.93   | 0.40%             | 2028-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ALA Trust 2025-OANA                                                                 | ALA Trust 2025-OANA, Series 2025-OANA, Class B                                       | CUSIP: 009920AC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6200000 | PA      | $6202664.14   | 0.31%             | 2030-06-15      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Multifamily Structured Pass-Through Ctfs.                               | Freddie Mac Multifamily Structured Pass-Through Ctfs., Series K734, Class X1, IO     | CUSIP: 3137FLN59<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |  23768128 | PA      | $54911.51     | 0.00%             | 2026-02-25      | Variable      | 0.63%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                                             | Daimler Truck Finance North America LLC                                              | CUSIP: 233853AS9<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2488249.88   | 0.12%             | 2025-08-08      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp., ARM                                                | CUSIP: 3128LU4Z6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5323 | PA      | $5456.53      | 0.00%             | 2038-01-01      | Floating      | 7.08%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2021-3, Class A1                                    | CUSIP: 03465EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2314370 | PA      | $1992821.91   | 0.10%             | 2066-05-25      | Variable      | 1.07%                 | No            |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                                                  | LPL Holdings, Inc.                                                                   | CUSIP: 50212YAJ3<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1026000 | PA      | $1043474.33   | 0.05%             | 2027-05-20      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust                                                   | Chase Home Lending Mortgage Trust, Series 2019-ATR2, Class A3                        | CUSIP: 16159GAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1326354 | PA      | $1194426.72   | 0.06%             | 2049-07-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Romanian Government International Bond                                              | Romanian Government International Bond                                               | CUSIP: 77586RAT7<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |   3794000 | PA      | $3781674.62   | 0.19%             | 2029-01-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133TKCT5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     67300 | PA      | $68146.72     | 0.00%             | 2029-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36201LSK1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     25495 | PA      | $25755.04     | 0.00%             | 2033-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2021-7, Class A1                                    | CUSIP: 03464JAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8943270 | PA      | $7663011.37   | 0.38%             | 2066-10-25      | Variable      | 1.98%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                           | Ford Motor Credit Co. LLC                                                            | CUSIP: 345397G72<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1671000 | PA      | $1674845.19   | 0.08%             | 2028-03-20      | Fixed         | 5.92%                 | No            |                  2 | On Loan: —       |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1556000 | PA      | $1585242.59   | 0.08%             | 2028-04-22      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                                                     | BAE Systems PLC                                                                      | CUSIP: 05523RAH0<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |   1534000 | PA      | $1547263.36   | 0.08%             | 2027-03-26      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury 2 Year Notes Future                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |      5117 | NC      | $356584.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31392RT84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     13022 | PA      | $769.24       | 0.00%             | 2029-09-15      | Floating      | 3.65%                 | No            |                  2 | On Loan: No      |
| Piedmont Operating Partnership, L.P.                                                | Piedmont Operating Partnership, L.P.                                                 | CUSIP: 720198AG5<br>LEI: 549300WKGDPAS39FBD10 | Long             | DBT              | CORP              | US        |   7179000 | PA      | $7929842.21   | 0.39%             | 2028-07-20      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133THTM9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     43779 | PA      | $44419.79     | 0.00%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank, N.A.                                                           | Morgan Stanley Bank, N.A.                                                            | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   1075000 | PA      | $1086097.09   | 0.05%             | 2029-01-12      | Variable      | 5.02%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36225BYP7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     21843 | PA      | $22644.96     | 0.00%             | 2032-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GCAT Trust                                                                          | GCAT Trust, Series 2019-NQM3, Class A1                                               | CUSIP: 36167VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1090037 | PA      | $1058097.07   | 0.05%             | 2059-11-25      | Variable      | 3.69%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36200DGP2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    113845 | PA      | $120077.00    | 0.01%             | 2034-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3129354W6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    309300 | PA      | $313720.83    | 0.02%             | 2039-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                                           | Ford Motor Credit Co. LLC                                                            | CUSIP: 345397C50<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2980000 | PA      | $3000820.28   | 0.15%             | 2026-03-06      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO 2013-1, Ltd.                                                      | KKR Financial CLO 2013-1, Ltd., Series 2013-1A, Class A1R2                           | CUSIP: 48249VAW1<br>LEI: 549300ZUUB37M3VWNC17 | Long             | ABS-CBDO         | CORP              | KY        |    242909 | PA      | $243019.53    | 0.01%             | 2029-04-15      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| WF Card Issuance Trust                                                              | WF Card Issuance Trust, Series 2024-A1, Class A                                      | CUSIP: 92970QAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10000000 | PA      | $10108939.00  | 0.50%             | 2029-02-15      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC                                             | Mercedes-Benz Finance North America LLC                                              | CUSIP: 58769JAJ6<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   5048000 | PA      | $5050230.36   | 0.25%             | 2025-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Algonquin Power & Utilities Corp.                                                   | Algonquin Power & Utilities Corp.                                                    | CUSIP: 015857AF2<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |   2586000 | PA      | $2598877.92   | 0.13%             | 2026-06-15      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Holding Co. LLC                                                  | Columbia Pipelines Holding Co. LLC                                                   | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    607000 | PA      | $613596.58    | 0.03%             | 2026-08-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Raising Cane's Restaurants, L.L.C.                                                  | Raising Cane's Restaurants, L.L.C.                                                   | CUSIP: 75103AAA3<br>LEI: 254900V6ADXFWHYOED66 | Long             | DBT              | CORP              | US        |   5565000 | PA      | $5912606.60   | 0.29%             | 2029-05-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO 2021-2 Ltd.                                                             | Oaktree CLO 2021-2 Ltd., Series 2021-2A, Class AR                                    | CUSIP: 67389BAQ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5654000 | PA      | $5614625.54   | 0.28%             | 2035-01-15      | Floating      | 5.23%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31297APP3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     43724 | PA      | $43777.14     | 0.00%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bristol-Myers Squibb Co.                                                            | Bristol-Myers Squibb Co.                                                             | CUSIP: 110122ED6<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1983000 | PA      | $1989966.08   | 0.10%             | 2026-02-20      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Invesco Government & Agency Portfolio                                               | Invesco Government & Agency Portfolio, Institutional Class                           | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |       117 | NS      | $117.18       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Power (US Holdings) Inc.                                                    | Capital Power (US Holdings) Inc.                                                     | CUSIP: 14041TAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3215000 | PA      | $3236023.59   | 0.16%             | 2028-06-01      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust                                                        | Hilton Grand Vacations Trust, Series 2019-AA, Class A                                | CUSIP: 43284HAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    603627 | PA      | $591610.37    | 0.03%             | 2033-07-25      | Fixed         | 2.34%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                  | State Street Corp.                                                                   | CUSIP: 857477CU5<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   9023000 | PA      | $9095441.25   | 0.45%             | 2028-02-28      | Fixed         | 4.54%                 | No            |                  2 | On Loan: —       |
| J.P. Morgan Mortgage Trust                                                          | J.P. Morgan Mortgage Trust, Series 2007-A1, Class 5A1                                | CUSIP: 46630GAR6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     79454 | PA      | $80549.58     | 0.00%             | 2035-07-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31394CY63<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    542386 | PA      | $556171.31    | 0.03%             | 2035-04-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                  | State Street Corp.                                                                   | CUSIP: 857477CZ4<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   4504000 | PA      | $4528335.97   | 0.22%             | 2028-04-24      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31402QYV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20348 | PA      | $20782.08     | 0.00%             | 2035-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association, ARM                                           | CUSIP: 31385WVJ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     12281 | PA      | $12561.56     | 0.00%             | 2032-11-01      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31391ANA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     13467 | PA      | $13861.41     | 0.00%             | 2031-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31385C3W1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3233 | PA      | $3249.18      | 0.00%             | 2031-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Pricoa Global Funding I                                                             | Pricoa Global Funding I                                                              | CUSIP: 74153WCU1<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   3406000 | PA      | $3402290.97   | 0.17%             | 2027-08-27      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| Johnson & Johnson                                                                   | Johnson & Johnson                                                                    | CUSIP: 478160DG6<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   8883000 | PA      | $8960196.73   | 0.44%             | 2027-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 3128K7XS2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      4458 | PA      | $4620.23      | 0.00%             | 2031-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31394DXZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     78419 | PA      | $4727.88      | 0.00%             | 2035-05-25      | Floating      | 2.16%                 | No            |                  2 | On Loan: No      |
| WEST Trust 2025-ROSE                                                                | WEST Trust 2025-ROSE, Series 2025-ROSE, Class A                                      | CUSIP: 955909AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3004587.90   | 0.15%             | 2035-04-10      | Variable      | 5.28%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PDX1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2467000 | PA      | $2577015.89   | 0.13%             | 2029-10-23      | Variable      | 6.09%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3T8<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4448000 | PA      | $4481989.44   | 0.22%             | 2029-04-23      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136A1QW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    202953 | PA      | $15979.07     | 0.00%             | 2041-10-25      | Floating      | 2.11%                 | No            |                  2 | On Loan: No      |
| Keurig Dr Pepper Inc.                                                               | Keurig Dr Pepper Inc.                                                                | CUSIP: 49271VAY6<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | DBT              | CORP              | US        |   9502000 | PA      | $9518179.06   | 0.47%             | 2026-11-15      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31397PM49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     30505 | PA      | $3123.75      | 0.00%             | 2037-12-15      | Floating      | 2.55%                 | No            |                  2 | On Loan: No      |
| COLT Mortgage Loan Trust                                                            | COLT Mortgage Loan Trust, Series 2022-1, Class A1                                    | CUSIP: 19688HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3212425 | PA      | $2879578.13   | 0.14%             | 2066-12-27      | Variable      | 2.28%                 | No            |                  2 | On Loan: No      |
| Newell Brands Inc.                                                                  | Newell Brands Inc.                                                                   | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    950000 | PA      | $894847.55    | 0.04%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| Morgan Stanley                                                                      | Morgan Stanley                                                                       | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1657000 | PA      | $1688097.18   | 0.08%             | 2028-04-13      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 31397T4E9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     23819 | PA      | $2000.42      | 0.00%             | 2038-04-15      | Floating      | 1.55%                 | No            |                  2 | On Loan: No      |
| Manufacturers and Traders Trust Co.                                                 | Manufacturers and Traders Trust Co.                                                  | CUSIP: 55279HAV2<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |   3269000 | PA      | $3266805.49   | 0.16%             | 2026-01-27      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31339GRA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     66737 | PA      | $69374.09     | 0.00%             | 2031-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding (AESOP) LLC                                          | Avis Budget Rental Car Funding (AESOP) LLC, Series 2023-2A, Class A                  | CUSIP: 05377RGJ7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   2425000 | PA      | $2439768.01   | 0.12%             | 2027-10-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, IO                                                       | CUSIP: 3136FCQG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     25822 | PA      | $3789.16      | 0.00%             | 2035-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oceanview Mortgage Trust                                                            | Oceanview Mortgage Trust, Series 2021-3, Class A5                                    | CUSIP: 67647WAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3597099 | PA      | $3206082.65   | 0.16%             | 2051-07-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan Trust                                                 | New Residential Mortgage Loan Trust, Series 2019-NQM4, Class A1                      | CUSIP: 64828EAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    433798 | PA      | $412960.61    | 0.02%             | 2059-09-25      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.                                                    | Philip Morris International Inc.                                                     | CUSIP: 718172DR7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1610000 | PA      | $1600115.66   | 0.08%             | 2028-04-28      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| AT&T Inc.                                                                           | AT&T Inc.                                                                            | CUSIP: 00206RMX7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   7664000 | PA      | $7689882.25   | 0.38%             | 2030-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31403DDN6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     81206 | PA      | $84799.45     | 0.00%             | 2033-04-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                                          | Occidental Petroleum Corp.                                                           | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    950000 | PA      | $944281.00    | 0.05%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                | Royal Bank of Canada                                                                 | CUSIP: 78017DAB4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   4311000 | PA      | $4300249.23   | 0.21%             | 2029-01-24      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                                  | General Motors Financial Co., Inc.                                                   | CUSIP: 37045XEF9<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    411000 | PA      | $412289.48    | 0.02%             | 2026-04-06      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC                                            | Volkswagen Group of America Finance, LLC                                             | CUSIP: 928668CE0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   6265000 | PA      | $6290731.36   | 0.31%             | 2026-03-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Enel Finance International N.V.                                                     | Enel Finance International N.V.                                                      | CUSIP: 29278GAZ1<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   2326000 | PA      | $2342324.96   | 0.12%             | 2025-10-14      | Fixed         | 7.05%                 | No            |                  2 | On Loan: —       |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136A9XT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    191878 | PA      | $3697.44      | 0.00%             | 2027-11-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2517000 | PA      | $2563909.10   | 0.13%             | 2028-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Sonic Capital LLC                                                                   | Sonic Capital LLC, Series 2021-1A, Class A2I                                         | CUSIP: 83546DAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4440967 | PA      | $4027200.03   | 0.20%             | 2051-08-20      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| Jackson National Life Global Funding                                                | Jackson National Life Global Funding                                                 | CUSIP: 46849CJP7<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   2632000 | PA      | $2635709.78   | 0.13%             | 2028-06-05      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co.                                                                   | Genuine Parts Co.                                                                    | CUSIP: 372460AF2<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |   2499000 | PA      | $2522294.08   | 0.13%             | 2029-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36205R6K8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       239 | PA      | $239.25       | 0.00%             | 2026-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31371KN31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     88049 | PA      | $91073.80     | 0.00%             | 2032-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State Street Corp.                                                                  | State Street Corp.                                                                   | CUSIP: 857477BX0<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1130335.03   | 0.06%             | 2026-11-04      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 3133TNPR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     11023 | PA      | $11398.20     | 0.00%             | 2030-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                                    | CVS Health Corp.                                                                     | CUSIP: 126650DW7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1186000 | PA      | $1194261.38   | 0.06%             | 2029-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Invesco Private Government Fund                                                     | Invesco Private Government Fund                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  41170396 | NS      | $41170396.29  | 2.04%             |  |  |  | No            |                  2 | On Loan: No      |
| EQT Corp.                                                                           | EQT Corp.                                                                            | CUSIP: 26884LAS8<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   9953000 | PA      | $10131647.09  | 0.50%             | 2027-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| U.S. Bancorp                                                                        | U.S. Bancorp                                                                         | CUSIP: 91159HJH4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   3855000 | PA      | $3869896.88   | 0.19%             | 2026-10-21      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| POSCO Holdings Inc.                                                                 | POSCO Holdings Inc.                                                                  | CUSIP: 693483AJ8<br>LEI: 988400E5HRVX81AYLM04 | Long             | DBT              | CORP              | KR        |   1415000 | PA      | $1417937.77   | 0.07%             | 2030-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136A5AX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |    171975 | PA      | $14366.90     | 0.00%             | 2041-04-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Intuit Inc.                                                                         | Intuit Inc.                                                                          | CUSIP: 46124HAE6<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | DBT              | CORP              | US        |   3161000 | PA      | $3197115.06   | 0.16%             | 2026-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3459000 | PA      | $3417578.34   | 0.17%             | 2030-09-19      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| Foundry JV Holdco LLC                                                               | Foundry JV Holdco LLC                                                                | CUSIP: 350930AF0<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |   3977000 | PA      | $4031276.54   | 0.20%             | 2031-01-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Keybank N.A.                                                                        | Keybank N.A.                                                                         | CUSIP: 49327M3F9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   1773000 | PA      | $1819119.13   | 0.09%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: —       |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp.                                                     | CUSIP: 31296YGA5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28994 | PA      | $29095.19     | 0.00%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc.                                                                      | Citigroup Inc.                                                                       | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   5543000 | PA      | $5535365.40   | 0.27%             | 2028-05-07      | Variable      | 4.64%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31384WPS3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     30164 | PA      | $31471.37     | 0.00%             | 2030-07-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| OPEC Fund for International Development (The)                                       | OPEC Fund for International Development (The)                                        | CUSIP: 683483AA9<br>LEI: HHX3T53LK1P186EUNV37 | Long             | DBT              | CORP              | AT        |  11240000 | PA      | $11237431.88  | 0.56%             | 2026-01-26      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31402U5D0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3302 | PA      | $3447.98      | 0.00%             | 2033-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GCAT 2025-NQM2 Trust                                                                | GCAT 2025-NQM2 Trust, Series 2025-NQM2, Class A1                                     | CUSIP: 36171HAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1840000 | PA      | $1844430.35   | 0.09%             | 2070-04-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| PPM CLO 3 Ltd.                                                                      | PPM CLO 3 Ltd., Series 2019-3A, Class AR                                             | CUSIP: 69355EAL9<br>LEI: 549300UEAJV6RALDS969 | Long             | ABS-CBDO         | CORP              | KY        |   3874000 | PA      | $3879811.00   | 0.19%             | 2034-04-17      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                                  | United Airlines Pass-Through Trust, Series 16-2                                      | CUSIP: 90933JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1245299 | PA      | $1233498.05   | 0.06%             | 2025-10-07      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                           | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                            | CUSIP: 00774MBC8<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1588000 | PA      | $1632376.41   | 0.08%             | 2028-06-06      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                                                                  | Altria Group, Inc.                                                                   | CUSIP: 02209SBS1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   2433000 | PA      | $2456164.62   | 0.12%             | 2028-02-04      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| Credit Suisse Mortgage Capital Trust                                                | Credit Suisse Mortgage Capital Trust, Series 2021-NQM2, Class A1                     | CUSIP: 12662EAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3262959 | PA      | $2922108.51   | 0.14%             | 2066-02-25      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31386RLW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7558 | PA      | $7761.77      | 0.00%             | 2031-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3133TEPR9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |        10 | PA      | $0.13         | 0.00%             | 2028-07-17      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust                                                        | BX Commercial Mortgage Trust, Series 2021-VOLT, Class A                              | CUSIP: 05609VAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6565000 | PA      | $6534629.65   | 0.32%             | 2036-09-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Freddie Mac STRIPS                                                                  | Freddie Mac STRIPS, IO                                                               | CUSIP: 31282YCU1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     44012 | PA      | $4222.20      | 0.00%             | 2029-09-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                                    | Boeing Co. (The)                                                                     | CUSIP: 097023DQ5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1349000 | PA      | $1419266.97   | 0.07%             | 2029-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: —       |
| Sealed Air Corp./Sealed Air Corp US                                                 | Sealed Air Corp./Sealed Air Corp US                                                  | CUSIP: 812127AB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2615457.50   | 0.13%             | 2031-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| Nasdaq, Inc.                                                                        | Nasdaq, Inc.                                                                         | CUSIP: 63111XAH4<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |    388000 | PA      | $398295.72    | 0.02%             | 2028-06-28      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Huntington Bancshares Inc.                                                          | Huntington Bancshares Inc.                                                           | CUSIP: 446150BC7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1192000 | PA      | $1242820.43   | 0.06%             | 2029-08-21      | Variable      | 6.21%                 | No            |                  2 | On Loan: No      |
| Arthur J. Gallagher & Co.                                                           | Arthur J. Gallagher & Co.                                                            | CUSIP: 04316JAK5<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |   2778000 | PA      | $2785520.91   | 0.14%             | 2027-12-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| N/A                                                                                 | U.S. Treasury Ultra Bonds Future                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        33 | NC      | $65682.14     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BX Commercial Mortgage Trust                                                        | BX Commercial Mortgage Trust, Series 2021-VOLT, Class D                              | CUSIP: 05609VAL9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6464000 | PA      | $6428034.95   | 0.32%             | 2036-09-15      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| MassMutual Global Funding II                                                        | MassMutual Global Funding II                                                         | CUSIP: 57629W4S6<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   5324000 | PA      | $5397583.16   | 0.27%             | 2027-04-09      | Fixed         | 5.10%                 | No            |                  2 | On Loan: —       |
| Wells Fargo Commercial Mortgage Trust                                               | Wells Fargo Commercial Mortgage Trust, Series 2017-C42, Class XA                     | CUSIP: 95001GAG8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10611153 | PA      | $185981.67    | 0.01%             | 2050-12-15      | Variable      | 0.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392F6J1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     12776 | PA      | $760.93       | 0.00%             | 2032-12-18      | Floating      | 3.66%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3G6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1779073.70   | 0.09%             | 2029-10-23      | Variable      | 6.30%                 | No            |                  2 | On Loan: No      |
| OCP S.A.                                                                            | OCP S.A.                                                                             | CUSIP: 67091TAH8<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |   1149000 | PA      | $1151287.44   | 0.06%             | 2030-04-30      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                                                  | LPL Holdings, Inc.                                                                   | CUSIP: 50212YAH7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1083000 | PA      | $1150514.97   | 0.06%             | 2028-11-17      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Deutsche Bank AG                                                                    | Deutsche Bank AG                                                                     | CUSIP: 25160PAQ0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   3469000 | PA      | $3508924.62   | 0.17%             | 2029-01-10      | Variable      | 5.37%                 | No            |                  2 | On Loan: No      |
| Pacific Life Global Funding II                                                      | Pacific Life Global Funding II                                                       | CUSIP: 6944PL3C1<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   6691000 | PA      | $6670622.09   | 0.33%             | 2029-08-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy, Inc.                                                            | Diamondback Energy, Inc.                                                             | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1424057.66   | 0.07%             | 2027-04-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| Rate Mortgage Trust                                                                 | Rate Mortgage Trust, Series 2025-J1, Class A4                                        | CUSIP: 75410CAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2253290 | PA      | $2266480.85   | 0.11%             | 2055-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                                            | PNC Financial Services Group, Inc. (The)                                             | CUSIP: 693475BT1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   3142000 | PA      | $3231403.16   | 0.16%             | 2027-10-20      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2021-R1, Class A1                                 | CUSIP: 92538BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    854637 | PA      | $822812.47    | 0.04%             | 2063-10-25      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| Norinchukin Bank (The)                                                              | Norinchukin Bank (The)                                                               | CUSIP: 656029AN5<br>LEI: 5493007VSMFZCPV1NB83 | Long             | DBT              | CORP              | JP        |    946000 | PA      | $950166.34    | 0.05%             | 2029-10-16      | Fixed         | 5.09%                 | No            |                  2 | On Loan: —       |
| RUN Trust                                                                           | RUN Trust, Series 2022-NQM1, Class A1                                                | CUSIP: 74981CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2708722 | PA      | $2613978.20   | 0.13%             | 2067-03-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLT Mortgage Loan Trust                                                            | COLT Mortgage Loan Trust, Series 2022-2, Class A1                                    | CUSIP: 19685EAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3260996 | PA      | $3078907.62   | 0.15%             | 2067-02-25      | Variable      | 2.99%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31410RRM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47465 | PA      | $49571.05     | 0.00%             | 2036-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31385JP36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |        28 | PA      | $28.99        | 0.00%             | 2025-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Trust                                                        | Chase Mortgage Finance Trust, Series 2005-A2, Class 1A3                              | CUSIP: 16162WPX1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    174261 | PA      | $161573.89    | 0.01%             | 2036-01-25      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| Invesco High Yield Bond Factor ETF                                                  | Invesco High Yield Bond Factor ETF                                                   | CUSIP: 46090A853<br>LEI: 549300RW20HYQZ1T7698 | Long             | EC               | RF                | US        |     65000 | NS      | $1449825.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| UBS AG                                                                              | UBS AG                                                                               | CUSIP: 90261AAD4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |   7242000 | PA      | $7280978.04   | 0.36%             | 2028-01-10      | Variable      | 4.86%                 | No            |                  2 | On Loan: —       |
| Morgan Stanley Bank, N.A.                                                           | Morgan Stanley Bank, N.A.                                                            | CUSIP: 61690U8A1<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   4697000 | PA      | $4727084.05   | 0.23%             | 2028-01-14      | Variable      | 4.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 3136AYAT0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |   3835948 | PA      | $366319.24    | 0.02%             | 2047-09-25      | Floating      | 1.46%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)                                                           | Williams Cos., Inc. (The)                                                            | CUSIP: 969457CK4<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   3481000 | PA      | $3559368.66   | 0.18%             | 2028-08-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                       | Citibank N.A.                                                                        | CUSIP: 17325FBM9<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   8043000 | PA      | $8037750.74   | 0.40%             | 2027-11-19      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280ET2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   6593000 | PA      | $6573360.38   | 0.33%             | 2029-03-03      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc.                                                                       | Broadcom Inc.                                                                        | CUSIP: 11135FCA7<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4776000 | PA      | $4753746.37   | 0.24%             | 2028-02-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31394V7G9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     45574 | PA      | $53096.34     | 0.00%             | 2036-03-25      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Jackson National Life Global Funding                                                | Jackson National Life Global Funding                                                 | CUSIP: 46849LUX7<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   3966000 | PA      | $3984412.51   | 0.20%             | 2026-01-09      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Interest STRIPS                                                          | Fannie Mae Interest STRIPS, PO                                                       | CUSIP: 3136FART9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     12004 | PA      | $10862.50     | 0.00%             | 2032-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                    | Federal Home Loan Mortgage Corp., ARM                                                | CUSIP: 3128QGFN7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5479 | PA      | $5568.84      | 0.00%             | 2036-07-01      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon (The)                                                       | Bank of New York Mellon (The)                                                        | CUSIP: 06405LAH4<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   1093000 | PA      | $1102649.45   | 0.05%             | 2029-04-20      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                                                               | Lockheed Martin Corp.                                                                | CUSIP: 539830CC1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   1488000 | PA      | $1496509.62   | 0.07%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31386HVV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      8616 | PA      | $8625.69      | 0.00%             | 2031-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Ingersoll Rand Inc.                                                                 | Ingersoll Rand Inc.                                                                  | CUSIP: 45687VAC0<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |   1462000 | PA      | $1480791.26   | 0.07%             | 2027-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31390RYJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     60266 | PA      | $62933.71     | 0.00%             | 2032-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Flagstar Mortgage Trust                                                             | Flagstar Mortgage Trust, Series 2021-11IN, Class A6                                  | CUSIP: 33851TAF4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7618745 | PA      | $6768495.98   | 0.34%             | 2051-11-25      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                                     | Goldman Sachs Group, Inc. (The)                                                      | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3301000 | PA      | $3318702.80   | 0.16%             | 2028-04-23      | Variable      | 4.94%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31394CKG6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     17581 | PA      | $891.02       | 0.00%             | 2035-03-25      | Floating      | 2.31%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp. (The)                                                          | Charles Schwab Corp. (The)                                                           | CUSIP: 808513CG8<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |   8400000 | PA      | $8536723.61   | 0.42%             | 2026-08-24      | Fixed         | 5.88%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31400DK84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     16861 | PA      | $17599.75     | 0.00%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.                                                | Caterpillar Financial Services Corp.                                                 | CUSIP: 14913UAB6<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   1999000 | PA      | $2001173.85   | 0.10%             | 2025-08-11      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Capital Trust                                                | Credit Suisse Mortgage Capital Trust, Series 2022-NQM4, Class A1A                    | CUSIP: 12665EAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7391855 | PA      | $7362584.51   | 0.37%             | 2067-06-25      | Variable      | 4.82%                 | No            |                  2 | On Loan: No      |
| RTX Corp.                                                                           | RTX Corp.                                                                            | CUSIP: 75513ECT6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |   5264000 | PA      | $5356031.51   | 0.27%             | 2026-11-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc.                                                               | WEC Energy Group Inc.                                                                | CUSIP: 92939UAJ5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    788000 | PA      | $798860.07    | 0.04%             | 2027-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                                                            | Angel Oak Mortgage Trust, Series 2024-2, Class A1                                    | CUSIP: 034942AA0<br>LEI: 254900NLG610771ZLP05 | Long             | ABS-MBS          | CORP              | US        |   5109343 | PA      | $5124497.78   | 0.25%             | 2069-01-25      | Variable      | 5.99%                 | No            |                  2 | On Loan: No      |
| Ares Strategic Income Fund                                                          | Ares Strategic Income Fund                                                           | CUSIP: 04020EAG2<br>LEI: 549300IANZJVZPTICV54 | Long             | DBT              | CORP              | US        |   2989000 | PA      | $2994661.08   | 0.15%             | 2028-03-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: —       |
| Government National Mortgage Association                                            | Government National Mortgage Association, IO                                         | CUSIP: 38375JSQ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-APCP         | USGA              | US        |    390708 | PA      | $21429.06     | 0.00%             | 2037-04-16      | Floating      | 2.11%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                                | Royal Bank of Canada                                                                 | CUSIP: 78017DAA6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   8746000 | PA      | $8835284.24   | 0.44%             | 2029-01-24      | Variable      | 4.96%                 | No            |                  2 | On Loan: —       |
| Sumitomo Mitsui Trust Bank, Ltd.                                                    | Sumitomo Mitsui Trust Bank, Ltd.                                                     | CUSIP: 86563VBK4<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   1881000 | PA      | $1908071.69   | 0.09%             | 2026-09-14      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                                   | Wells Fargo & Co.                                                                    | CUSIP: 95000U3E1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1517000 | PA      | $1556524.74   | 0.08%             | 2029-07-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Air Lease Corp.                                                                     | Air Lease Corp., Series B                                                            | CUSIP: 00912XBJ2<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1351000 | PA      | $1332272.84   | 0.07%             | N/A             | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers VII Ltd.                                                | Textainer Marine Containers VII Ltd., Series 2021-2A, Class A                        | CUSIP: 88315LAQ1<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |   4553080 | PA      | $4190048.36   | 0.21%             | 2046-04-20      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31403J7C4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1209 | PA      | $1242.04      | 0.00%             | 2033-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                                                  | LPL Holdings, Inc.                                                                   | CUSIP: 50212YAN4<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   3675000 | PA      | $3680888.05   | 0.18%             | 2028-04-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| JPMorgan Chase & Co.                                                                | JPMorgan Chase & Co.                                                                 | CUSIP: 46647PEL6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   8137000 | PA      | $8202492.76   | 0.41%             | 2028-07-22      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36225AQF0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |       446 | PA      | $446.67       | 0.00%             | 2026-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31385YZX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1957 | PA      | $1956.03      | 0.00%             | 2030-01-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co. LLC                                                           | Vistra Operations Co. LLC                                                            | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1696000 | PA      | $1701483.17   | 0.08%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: —       |
| Komatsu Finance America Inc.                                                        | Komatsu Finance America Inc.                                                         | CUSIP: 50048WAA6<br>LEI: 549300SRAAFEEQ8Z4D68 | Long             | DBT              | CORP              | US        |   2759000 | PA      | $2815618.57   | 0.14%             | 2027-10-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| X Corp.                                                                             | X Corp., Term Loan B                                                                 | CUSIP: 90184NAK4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   5000000 | PA      | $4983200.00   | 0.25%             | 2029-10-27      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp.                                  | National Rural Utilities Cooperative Finance Corp.                                   | CUSIP: 63743HFN7<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   1686000 | PA      | $1704470.69   | 0.08%             | 2029-02-07      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies, Inc.                                                             | SS&C Technologies, Inc.                                                              | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |    737000 | PA      | $736638.72    | 0.04%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                        | Barclays PLC                                                                         | CUSIP: 06738ECJ2<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   5185000 | PA      | $5295034.72   | 0.26%             | 2027-09-13      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Corebridge Global Funding                                                           | Corebridge Global Funding                                                            | CUSIP: 00138CBA5<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   2243000 | PA      | $2281503.67   | 0.11%             | 2029-06-24      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Fort Greene Park CLO LLC                                                            | Fort Greene Park CLO LLC, Series 2025-2A, Class AR                                   | CUSIP: 18914KAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5654000 | PA      | $5620341.74   | 0.28%             | 2034-04-22      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Connecticut Avenue Securities                                            | Fannie Mae Connecticut Avenue Securities, Series 2023-R02, Class 1M1                 | CUSIP: 20755AAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1267949 | PA      | $1297435.13   | 0.06%             | 2043-01-25      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| HSBC USA Inc.                                                                       | HSBC USA Inc.                                                                        | CUSIP: 40428HA44<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   6060000 | PA      | $6151322.81   | 0.31%             | 2027-03-04      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Coty Inc.                                                                           | Coty Inc.                                                                            | CUSIP: 222070AE4<br>LEI: 549300BO9IWPF3S48F93 | Long             | DBT              | CORP              | US        |   1274000 | PA      | $1271013.11   | 0.06%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sempra                                                                              | Sempra                                                                               | CUSIP: 816851BU2<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1789000 | PA      | $1687867.01   | 0.08%             | 2055-04-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392DAG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     14661 | PA      | $1559.01      | 0.00%             | 2032-04-25      | Floating      | 3.36%                 | No            |                  2 | On Loan: No      |
| OBX Trust                                                                           | OBX Trust, Series 2019-EXP1, Class 1A3                                               | CUSIP: 67448QAC5<br>LEI: 549300ELWOCL265HSB73 | Long             | ABS-MBS          | CORP              | US        |     40073 | PA      | $39501.43     | 0.00%             | 2059-01-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Carnival Corp.                                                                      | Carnival Corp.                                                                       | CUSIP: 143658BY7<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   4662000 | PA      | $4675804.18   | 0.23%             | 2030-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31380JE82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6796 | PA      | $7093.30      | 0.00%             | 2028-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC                                                          | MMAF Equipment Finance LLC, Series 2020-A, Class A3                                  | CUSIP: 60700MAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1848207 | PA      | $1814701.34   | 0.09%             | 2027-04-09      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings PLC                                                                   | HSBC Holdings PLC                                                                    | CUSIP: 404280EM7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   8313000 | PA      | $8375977.79   | 0.42%             | 2028-11-19      | Variable      | 5.13%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association                                            | Government National Mortgage Association                                             | CUSIP: 36211KNJ9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      8403 | PA      | $8460.79      | 0.00%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs                                                                   | CUSIP: 31392MJE3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |     35128 | PA      | $36325.30     | 0.00%             | 2032-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac REMICs                                                                  | Freddie Mac REMICs, IO                                                               | CUSIP: 3137B93W3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-APCP         | USGSE             | US        |    526152 | PA      | $49810.17     | 0.00%             | 2044-01-15      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| PRKCM 2023-AFC4 Trust                                                               | PRKCM 2023-AFC4 Trust, Series 2023-AFC4, Class A1                                    | CUSIP: 69380GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4724519 | PA      | $4796114.47   | 0.24%             | 2058-11-25      | Variable      | 7.22%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                                             | GA Global Funding Trust                                                              | CUSIP: 36143L2L8<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   1986000 | PA      | $2028066.90   | 0.10%             | 2029-01-08      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                                                | Glencore Funding LLC                                                                 | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1109000 | PA      | $1122326.43   | 0.06%             | 2030-04-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2021-2, Class A1                                  | CUSIP: 92538FAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1036901 | PA      | $916030.70    | 0.05%             | 2066-02-25      | Variable      | 1.03%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31368HLX9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    109312 | PA      | $113588.84    | 0.01%             | 2033-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bayview MSR Opportunity Master Fund Trust                                           | Bayview MSR Opportunity Master Fund Trust, Series 2021-5, Class A1                   | CUSIP: 07336JAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5314555 | PA      | $4443414.83   | 0.22%             | 2051-11-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31393T4V5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     15880 | PA      | $15844.40     | 0.00%             | 2033-11-25      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392DRP9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     54860 | PA      | $3998.01      | 0.00%             | 2032-07-25      | Floating      | 3.51%                 | No            |                  2 | On Loan: No      |
| LXP Industrial Trust                                                                | LXP Industrial Trust                                                                 | CUSIP: 529043AF8<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |    698000 | PA      | $735175.08    | 0.04%             | 2028-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| National Securities Clearing Corp.                                                  | National Securities Clearing Corp.                                                   | CUSIP: 637639AH8<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |   2489000 | PA      | $2539967.90   | 0.13%             | 2027-11-21      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NBN Co. Ltd.                                                                        | NBN Co. Ltd.                                                                         | CUSIP: 62878U2H4<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |   9091000 | PA      | $8993783.85   | 0.45%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding (AESOP) LLC                                          | Avis Budget Rental Car Funding (AESOP) LLC, Series 2023-1A, Class A                  | CUSIP: 05377RGC2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   2033000 | PA      | $2067684.61   | 0.10%             | 2029-04-20      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Southern Co. (The)                                                                  | Southern Co. (The), Series B                                                         | CUSIP: 842587DF1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1938000 | PA      | $1923636.44   | 0.10%             | 2051-01-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392ATX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     12774 | PA      | $704.53       | 0.00%             | 2031-12-18      | Floating      | 3.46%                 | No            |                  2 | On Loan: No      |
| Bear Stearns Adjustable Rate Mortgage Trust                                         | Bear Stearns Adjustable Rate Mortgage Trust, Series 2005-9, Class A1                 | CUSIP: 07387AEG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     74478 | PA      | $70363.88     | 0.00%             | 2035-10-25      | Floating      | 0.76%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                                                          | Verus Securitization Trust, Series 2021-7, Class A1                                  | CUSIP: 92538QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4580501 | PA      | $4101417.19   | 0.20%             | 2066-10-25      | Variable      | 1.83%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                                             | Hyundai Capital America                                                              | CUSIP: 44891ACF2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   3509000 | PA      | $3510659.48   | 0.17%             | 2025-06-26      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31410FV77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    140788 | PA      | $147026.38    | 0.01%             | 2032-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GCAT Trust                                                                          | GCAT Trust, Series 2020-NQM2, Class A1                                               | CUSIP: 36166RAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    504999 | PA      | $482655.05    | 0.02%             | 2065-04-25      | Variable      | 2.56%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                                    | Deutsche Bank AG                                                                     | CUSIP: 25160PAP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   1208000 | PA      | $1203774.44   | 0.06%             | 2029-01-10      | Floating      | 5.56%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31393BGX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     55134 | PA      | $8193.68      | 0.00%             | 2033-05-25      | Floating      | 3.81%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31383S2A7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       141 | PA      | $146.86       | 0.00%             | 2029-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs                                                                    | CUSIP: 31395D7F0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     19196 | PA      | $21097.87     | 0.00%             | 2036-06-25      | Floating      | 7.93%                 | No            |                  2 | On Loan: No      |
| Vertiv Group Corp.                                                                  | Vertiv Group Corp.                                                                   | CUSIP: 92535UAB0<br>LEI: 549300ZT8RQ5VK10E643 | Long             | DBT              | CORP              | US        |   4950000 | PA      | $4799191.32   | 0.24%             | 2028-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Humana Inc.                                                                         | Humana Inc.                                                                          | CUSIP: 444859BZ4<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   1228000 | PA      | $1268025.13   | 0.06%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: —       |
| Fannie Mae REMICs                                                                   | Fannie Mae REMICs, IO                                                                | CUSIP: 31392BMY9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-APCP         | USGSE             | US        |     14028 | PA      | $1236.75      | 0.00%             | 2032-01-25      | Floating      | 3.51%                 | No            |                  2 | On Loan: No      |
| Navient Refinance Loan Trust 2025-A                                                 | Navient Refinance Loan Trust 2025-A, Series 2025-A, Class A                          | CUSIP: 63943FAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2600174 | PA      | $2613100.76   | 0.13%             | 2055-02-16      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                                              | Goldman Sachs Bank USA                                                               | CUSIP: 38151LAF7<br>LEI: KD3XUN7C6T14HNAYLU02 | Long             | DBT              | CORP              | US        |   8298000 | PA      | $8334936.80   | 0.41%             | 2027-03-18      | Variable      | 5.28%                 | No            |                  2 | On Loan: —       |
| Pioneer Natural Resources Co.                                                       | Pioneer Natural Resources Co.                                                        | CUSIP: 723787AV9<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | DBT              | CORP              | US        |    413000 | PA      | $415056.43    | 0.02%             | 2026-03-29      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                                              | Sequoia Mortgage Trust, Series 2013-6, Class A2                                      | CUSIP: 81745BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    525585 | PA      | $469368.27    | 0.02%             | 2043-05-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| MFA Trust                                                                           | MFA Trust, Series 2021-INV2, Class A1                                                | CUSIP: 552732AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5894101 | PA      | $5216551.02   | 0.26%             | 2056-11-25      | Variable      | 1.91%                 | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association                                                | CUSIP: 31384A6E3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20908 | PA      | $21824.06     | 0.00%             | 2029-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** AIM Investment Securities Funds (Invesco Investment Securities Funds)

**Signature:** Adrien Deberghes

**Name of Signer:** Adrien Deberghes

**Title:** Principal Financial Officer and Treasurer