# EDGAR Filing Document

**Accession Number:** 0000832808
**File Stem:** 0001752724-25-203778
**Filing Date:** 2025-8
**Character Count:** 469130
**Document Hash:** 07e5a5e3af3ff1c23ef1d622d5261716
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203778.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203778

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BERNSTEIN SANFORD C FUND INC
- **CENTRAL INDEX KEY:** 0000832808

**ORGANIZATION NAME:**
- **EIN:** 133464161
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05555
- **FILM NUMBER:** 251253540

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

## Series and Classes Contracts Data

### Overlay B Portfolio (Series ID: S000027649)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000083498 | Class 1      | SBOOX           |
| C000083499 | Class 2      | SBOTX           |

## Nport-Ex

**Sanford C. Bernstein Fund, Inc.** 

**Schedule of Investments** 

**Overlay B Portfolio** 

**June 30, 2025 (unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **GOVERNMENTS - TREASURIES – 19.1%** |  |  |  |
|  **Australia – 0.2%** |  |  |  |
|  Australia Government Bond <br>Series 169 <br>4.75%, 06/21/2054<sup>(a)</sup> | AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;773 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500992 |
|  **Austria – 0.2%** |  |  |  |
|  Republic of Austria Government Bond <br>0.90%, 02/20/2032<sup>(a)</sup> | EUR | 494 | 520790 |
|  **Belgium – 0.1%** |  |  |  |
|  Kingdom of Belgium Government Bond<br>Series 100<br>2.85%, 10/22/2034<sup>(a)</sup> |  | 44 | 50735 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 104<br>3.45%, 06/22/2042<sup>(a)</sup> |  | 263 | 301790 |
|  |  |  | 352525 |
|  **Canada – 0.7%** |  |  |  |
|  Canadian Government Bond<br>2.75%, 03/01/2030 | CAD | 2692 | 1970022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.75%, 12/01/2055 |  | 335 | 208918 |
|  |  |  | 2178940 |
|  **China – 0.5%** |  |  |  |
|  China Government Bond<br>Series INBK<br>1.61%, 02/15/2035 | CNY | 1890 | 261637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.11%, 08/25/2034 |  | 8340 | 1203265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.19%, 04/15/2053 |  | 1170 | 205940 |
|  |  |  | 1670842 |
|  **Finland – 0.1%** |  |  |  |
|  Finland Government Bond <br>Series 10Y <br>1.50%, 09/15/2032<sup>(a)</sup> | EUR | 146 | 158334 |
|  **France – 0.1%** |  |  |  |
|  French Republic Government Bond OAT <br>Series OAT <br>3.50%, 11/25/2033<sup>(a)</sup> |  | 282 | 342606 |
|  **Germany – 0.9%** |  |  |  |
|  Bundesrepublik Deutschland Bundesanleihe<br>Series 10Y<br>0.00%, 08/15/2031<sup>(a)</sup> |  | 254 | 261346 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 17Y<br>2.60%, 05/15/2041<sup>(a)</sup> |  | 542 | 610875 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 30Y<br>2.50%, 08/15/2054<sup>(a)</sup> |  | 317 | 332007 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 32Y<br>3.25%, 07/04/2042<sup>(a)</sup> |  | 1279 | 1566211 |
|  |  |  | 2770439 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Indonesia – 0.2%** |  |  |  |
|  Indonesia Treasury Bond <br>Series 101 <br>6.875%, 04/15/2029 | IDR | &nbsp;&nbsp;&nbsp;&nbsp;7797000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490344 |
|  **Italy – 0.4%** |  |  |  |
|  Italy Buoni Poliennali Del Tesoro<br>Series 10Y<br>4.20%, 03/01/2034<sup>(a)</sup> | EUR | 408 | 515313 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 13Y<br>4.05%, 10/30/2037<sup>(a)</sup> |  | 364 | 447696 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 16Y<br>3.25%, 03/01/2038<sup>(a)</sup> |  | 134 | 151287 |
|  |  |  | 1114296 |
|  **Japan – 2.7%** |  |  |  |
|  Japan Government Five Year Bond <br>Series 161 <br>0.30%, 06/20/2028 | JPY | 411150 | 2813939 |
|  Japan Government Forty Year Bond<br>Series 4<br>2.20%, 03/20/2051 |  | 108150 | 683522 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 16<br>1.30%, 03/20/2063 |  | 57650 | 245120 |
|  Japan Government Thirty Year Bond<br>Series 68<br>0.60%, 09/20/2050 |  | 76100 | 329755 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 81<br>1.60%, 12/20/2053 |  | 42900 | 228160 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 82<br>1.80%, 03/20/2054 |  | 47350 | 262810 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 86<br>2.40%, 03/20/2055 |  | 76300 | 485940 |
|  Japan Government Twenty Year Bond<br>Series 140<br>1.70%, 09/20/2032 |  | 49250 | 355015 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 183<br>1.40%, 12/20/2042 |  | 157900 | 967137 |
|  Japan Government Two Year Bond<br>Series 468<br>0.60%, 01/01/2027 |  | 87300 | 605574 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 469<br>0.70%, 02/01/2027 |  | 216750 | 1505517 |
|  |  |  | 8482489 |
|  **Malaysia – 0.1%** |  |  |  |
|  Malaysia Government Bond<br>Series 0219<br>3.885%, 08/15/2029 | MYR | 711 | 172716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 0318<br>4.642%, 11/07/2033 |  | 797 | 204882 |
|  |  |  | 377598 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Mexico – 0.4%** |  |  |  |
|  Mexican Bonos<br>Series M<br>8.00%, 07/31/2053 | MXN | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3576 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.50%, 02/28/2030 |  | 20704 | 1095965 |
|  |  |  | 1253001 |
|  **Peru – 0.1%** |  |  |  |
|  Peru Government Bond <br>6.85%, 08/12/2035<sup>(a)</sup> | PEN | 1597 | 463997 |
|  **Poland – 0.3%** |  |  |  |
|  Republic of Poland Government Bond <br>Series 0730 <br>4.50%, 07/25/2030 | PLN | 3370 | 915351 |
|  **South Korea – 0.3%** |  |  |  |
|  Korea Treasury Bond <br>Series 3412 <br>3.00%, 12/10/2034 | KRW | 1472490 | 1103133 |
|  **Spain – 0.1%** |  |  |  |
|  Spain Government Bond <br>3.50%, 01/31/2041<sup>(a)</sup> | EUR | 154 | 177590 |
|  **United Kingdom – 1.6%** |  |  |  |
|  United Kingdom Gilt<br>0.875%, 01/31/2046<sup>(a)</sup> | GBP | 314 | 198727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/22/2031<sup>(a)</sup> |  | 1064 | 1451823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 07/31/2034<sup>(a)</sup> |  | 340 | 460951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 12/07/2040<sup>(a)</sup> |  | 566 | 720173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 03/07/2030<sup>(a)</sup> |  | 357 | 498793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 01/31/2040<sup>(a)</sup> |  | 365 | 473622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 03/07/2035<sup>(a)</sup> |  | 522 | 717423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/22/2043<sup>(a)</sup> |  | 340 | 446305 |
|  |  |  | 4967817 |
|  **United States – 10.1%** |  |  |  |
|  U.S. Treasury Bonds<br>1.125%, 05/15/2040 | U.S.$| 225 | 139887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.125%, 08/15/2040 |  | 3964 | 2439254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 02/15/2051<sup>(b)</sup> |  | 3989 | 2245228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 08/15/2051 |  | 112 | 64622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 08/15/2046 |  | 471 | 309070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.25%, 02/15/2052 |  | 139 | 84862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 02/15/2045 |  | 155 | 109303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/2043 |  | 476 | 366812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/2049 |  | 480 | 345000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.875%, 05/15/2052 |  | 1035 | 729494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 11/15/2045 |  | 438 | 333931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/15/2052 |  | 321 | 231966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 08/15/2043 |  | 1272 | 1094801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 02/15/2053 |  | 581 | 475131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.625%, 05/15/2053 |  | 462 | 377161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 02/15/2043 |  | 1411 | 1263369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 11/15/2042 |  | 790 | 721459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/15/2054 |  | 67 | 61033 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 11/15/2039<sup>(b)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4358 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4272104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 08/15/2043 |  | 674 | 643170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 11/15/2043 |  | 477 | 477281 |
|  U.S. Treasury Notes<br>3.50%, 02/15/2033<sup>(b)</sup> |  | 4785 | 4613413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 04/30/2030 |  | 352 | 353403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.875%, 08/15/2034 |  | 212 | 207488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/31/2029 |  | 1018 | 1026583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 03/31/2029 |  | 742 | 751464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 02/28/2029 |  | 798 | 812434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 06/30/2029 |  | 297 | 302374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 05/15/2035 |  | 195 | 195265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 05/15/2034 |  | 743 | 755146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 05/31/2029 |  | 248 | 254537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/15/2033 |  | 192 | 196854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 09/30/2028 |  | 4004 | 4113909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.625%, 04/30/2029 |  | 642 | 662166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 04/30/2026 |  | 431 | 433794 |
|  |  |  | 31463768 |
|  Total Governments - Treasuries <br>(cost $63,494,236) |  |  | 59304852 |
|  **INFLATION-LINKED SECURITIES – 16.2%** |  |  |  |
|  **Brazil – 0.1%** |  |  |  |
|  Brazil Notas do Tesouro Nacional Serie B <br>Series NTNB <br>6.00%, 08/15/2050 | BRL | 265 | 195173 |
|  **United States – 16.1%** |  |  |  |
|  U.S. Treasury Inflation Index<br>0.125%, 07/15/2030, (TIPS) | U.S.$| 20365 | 19124248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.125%, 07/15/2031, (TIPS) |  | 5168 | 4755895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 0.25%, 07/15/2029, (TIPS) |  | 9053 | 8690346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.375%, 07/15/2033, (TIPS) |  | 6146 | 5971070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.625%, 04/15/2030, (TIPS) |  | 1335 | 1344719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.75%, 01/15/2034, (TIPS) |  | 3545 | 3517836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1.875%, 07/15/2034, (TIPS) |  | 6644 | 6658118 |
|  |  |  | 50062232 |
|  Total Inflation-Linked Securities <br>(cost $49,592,826) |  |  | 50257405 |
|  **CORPORATES - INVESTMENT GRADE – 15.3%** |  |  |  |
|  **Industrial – 8.0%** |  |  |  |
|  **Basic – 0.5%** |  |  |  |
|  Air Products & Chemicals, Inc. <br>3.25%, 06/16/2032 | EUR | 103 | 120452 |
|  Alpek SAB de CV <br>4.25%, 09/18/2029<sup>(a)</sup> | U.S.$| 200 | 190062 |
|  Celulosa Arauco y Constitucion SA <br>4.25%, 04/30/2029<sup>(a)</sup> |  | 200 | 192338 |
|  Glencore Funding LLC<br>4.907%, 04/01/2028<sup>(a)</sup> |  | 148 | 149446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.186%, 04/01/2030<sup>(a)</sup> |  | 166 | 169249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.338%, 04/04/2027<sup>(a)</sup> |  | 146 | 148088 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  LYB International Finance III LLC <br>6.15%, 05/15/2035 | U.S.$| 20 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20754 |
|  Orbia Advance Corp. SAB de CV <br>6.80%, 05/13/2030<sup>(a)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | 204900 |
|  Sociedad Quimica y Minera de Chile SA <br>5.50%, 09/10/2034<sup>(a)</sup> |  | 200 | 195250 |
|  Suzano Austria GmbH <br>6.00%, 01/15/2029 |  | 200 | 205500 |
|  |  |  | 1596039 |
|  **Capital Goods – 0.5%** |  |  |  |
|  Boeing Co. (The) <br>3.25%, 02/01/2028 |  | 77 | 74686 |
|  John Deere Financial Ltd. <br>5.05%, 06/28/2029 | AUD | 230 | 155469 |
|  Parker-Hannifin Corp. <br>2.90%, 03/01/2030 | EUR | 118 | 137954 |
|  Regal Rexnord Corp. <br>6.05%, 02/15/2026 | U.S.$| 489 | 491724 |
|  Republic Services, Inc. <br>4.75%, 07/15/2030 |  | 295 | 300546 |
|  Westinghouse Air Brake Technologies Corp. <br>4.90%, 05/29/2030 |  | 295 | 298950 |
|  |  |  | 1459329 |
|  **Communications - Media – 0.0%** |  |  |  |
|  Charter Communications Operating LLC/Charter Communications Operating Capital <br>2.25%, 01/15/2029 |  | 98 | 90312 |
|  **Communications - Telecommunications – 0.2%** |  |  |  |
|  Bell Telephone Co. of Canada or Bell Canada <br>5.85%, 11/10/2032 | CAD | 136 | 109377 |
|  TELUS Corp.<br>7.00%, 10/15/2055<br>| U.S.$| 225 | 226935 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series CAG<br>5.25%, 11/15/2032 | CAD | 154 | 119691 |
|  Verizon Communications, Inc. <br>4.50%, 08/17/2027<sup>(a)</sup> | AUD | 50 | 33195 |
|  |  |  | 489198 |
|  **Consumer Cyclical - Automotive – 0.9%** |  |  |  |
|  BMW US Capital LLC <br>4.65%, 03/19/2027<sup>(a)</sup> | U.S.$| 195 | 196073 |
|  Ford Motor Co.<br>3.25%, 02/12/2032 |  | 715 | 602888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.45%, 07/16/2031 |  | 37 | 40094 |
|  General Motors Financial Co., Inc.<br>5.00%, 07/15/2027 |  | 8 | 8047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 02/08/2031 |  | 411 | 422274 |
|  General Motors Financial of Canada Ltd. <br>5.10%, 07/14/2028 | CAD | 200 | 151737 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Harley-Davidson Financial Services, Inc.<br>3.05%, 02/14/2027<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.95%, 06/11/2029<sup>(a)</sup> |  | 37 | 37633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/10/2028<sup>(a)</sup> |  | 73 | 75391 |
|  Honda Motor Co., Ltd. <br>4.436%, 07/08/2028 |  | 299 | 299350 |
|  Hyundai Capital America<br>2.10%, 09/15/2028<sup>(a)</sup> |  | 211 | 194734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.30%, 09/24/2027<sup>(a)</sup> |  | 10 | 9920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/08/2027<sup>(a)</sup> |  | 258 | 260412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.275%, 06/24/2027<sup>(a)</sup> |  | 70 | 70868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 09/21/2028<sup>(a)</sup> |  | 87 | 90430 |
|  Toyota Finance Australia Ltd. <br>4.65%, 09/17/2029 | AUD | 220 | 146478 |
|  |  |  | 2769639 |
|  **Consumer Cyclical - Other – 0.5%** |  |  |  |
|  DR Horton, Inc. <br>4.85%, 10/15/2030 | U.S.$| 148 | 149319 |
|  Flutter Treasury DAC <br>4.00%, 06/04/2031<sup>(a)</sup> | EUR | 138 | 162731 |
|  GENM Capital Labuan Ltd. <br>3.882%, 04/19/2031<sup>(a)</sup> | U.S.$| 200 | 179500 |
|  JH North America Holdings, Inc. <br>5.875%, 01/31/2031<sup>(a)</sup> |  | 142 | 143244 |
|  Las Vegas Sands Corp.<br>5.625%, 06/15/2028 |  | 168 | 171409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 06/14/2030 |  | 130 | 134082 |
|  MDC Holdings, Inc. <br>6.00%, 01/15/2043 |  | 642 | 578801 |
|  |  |  | 1519086 |
|  **Consumer Cyclical - Restaurants – 0.1%** |  |  |  |
|  Starbucks Corp. <br>4.85%, 02/08/2027 |  | 272 | 274470 |
|  **Consumer Cyclical - Retailers – 0.2%** |  |  |  |
|  Ross Stores, Inc. <br>4.70%, 04/15/2027 |  | 658 | 658868 |
|  **Consumer Non-Cyclical – 1.4%** |  |  |  |
|  Altria Group, Inc.<br>3.125%, 06/15/2031 | EUR | 205 | 237623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.40%, 05/06/2030 | U.S.$| 595 | 565304 |
|  American Medical Systems Europe BV <br>3.00%, 03/08/2031 | EUR | 116 | 136402 |
|  BAT Capital Corp. <br>5.35%, 08/15/2032 | U.S.$| 150 | 153437 |
|  BAT International Finance PLC <br>Series E <br>4.125%, 04/12/2032<sup>(a)</sup> | EUR | 100 | 120903 |
|  Cargill, Inc. <br>5.125%, 10/11/2032<sup>(a)</sup> | U.S.$| 446 | 455411 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  General Mills, Inc.<br>3.60%, 04/17/2032 | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 01/30/2030 | U.S.$| 120 | 121960 |
|  Imperial Brands Finance PLC <br>5.875%, 07/01/2034<sup>(a)</sup> |  | 495 | 507439 |
|  Loblaw Cos. Ltd. <br>6.54%, 02/17/2033<sup>(a)</sup> | CAD | 110 | 91580 |
|  Mondelez International, Inc. <br>4.50%, 05/06/2030 | U.S.$| 122 | 121868 |
|  Ochsner LSU Health System of North Louisiana <br>Series 2021 <br>2.51%, 05/15/2031 |  | 810 | 663463 |
|  Pfizer Netherlands International Finance BV <br>2.875%, 05/19/2029 | EUR | 103 | 122251 |
|  Philip Morris International, Inc.<br>0.80%, 08/01/2031 |  | 210 | 214239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.375%, 04/30/2030 | U.S.$| 101 | 100737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 02/13/2026 |  | 216 | 216270 |
|  Roche Holdings, Inc. <br>4.203%, 09/09/2029<sup>(a)</sup> |  | 284 | 284355 |
|  Sutter Health <br>Series 2025 <br>5.213%, 08/15/2032 |  | 39 | 40058 |
|  Takeda Pharmaceutical Co., Ltd. <br>2.05%, 03/31/2030 |  | 200 | 179062 |
|  Viatris, Inc. <br>2.70%, 06/22/2030 |  | 67 | 59688 |
|  |  |  | 4512607 |
|  **Energy – 1.7%** |  |  |  |
|  BP Capital Markets PLC <br>3.625%, 03/22/2029<sup>(a) (c)</sup> | EUR | 195 | 227987 |
|  Continental Resources, Inc./OK<br>2.875%, 04/01/2032<sup>(a)</sup> | U.S.$| 772 | 649113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 01/15/2031<sup>(a)</sup> |  | 414 | 417763 |
|  Devon Energy Corp.<br>5.20%, 09/15/2034 |  | 428 | 415665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.95%, 04/15/2032 |  | 222 | 254883 |
|  Eni SpA <br>5.75%, 05/19/2035<sup>(a)</sup> |  | 200 | 204624 |
|  Kinder Morgan, Inc. <br>5.85%, 06/01/2035 |  | 45 | 46636 |
|  Occidental Petroleum Corp. <br>5.20%, 08/01/2029 |  | 234 | 234774 |
|  ONEOK, Inc.<br>4.40%, 10/15/2029 |  | 46 | 45649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.05%, 09/01/2033 |  | 155 | 162756 |
|  Ovintiv, Inc. <br>7.375%, 11/01/2031 |  | 17 | 18577 |
|  Raizen Fuels Finance SA <br>6.70%, 02/25/2037<sup>(a)</sup> |  | 400 | 391750 |
|  Targa Resources Corp.<br>4.90%, 09/15/2030 |  | 58 | 58518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.65%, 02/15/2036 |  | 61 | 61565 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  TotalEnergies SE <br>2.00%, 01/17/2027<sup>(a) (c)</sup> | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;166 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191664 |
|  Var Energi ASA<br>5.875%, 05/22/2030<sup>(a)</sup> | U.S.$| 200 | 205188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.00%, 11/15/2032<sup>(a)</sup> |  | 749 | 848737 |
|  Venture Global Calcasieu Pass LLC <br>3.875%, 08/15/2029<sup>(a)</sup> |  | 50 | 47178 |
|  Williams Cos., Inc. (The)<br>4.625%, 06/30/2030 |  | 104 | 104096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.80%, 11/15/2029 |  | 192 | 194415 |
|  Wintershall Dea Finance BV <br>1.823%, 09/25/2031<sup>(a)</sup> | EUR | 200 | 207362 |
|  Woodside Finance Ltd.<br>5.40%, 05/19/2030 | U.S.$| 46 | 46630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 05/19/2035 |  | 111 | 113368 |
|  |  |  | 5148898 |
|  **Services – 0.5%** |  |  |  |
|  Alibaba Group Holding Ltd. <br>2.80%, 11/28/2029<sup>(a)</sup> | CNH | 1500 | 213615 |
|  Chicago Parking Meters LLC <br>4.93%, 12/30/2025 | U.S.$| 800 | 797198 |
|  Mastercard, Inc. <br>4.55%, 01/15/2035 |  | 306 | 300755 |
|  Moody's Corp. <br>5.00%, 08/05/2034 |  | 145 | 146379 |
|  S&P Global, Inc. <br>4.25%, 05/01/2029 |  | 125 | 124994 |
|  |  |  | 1582941 |
|  **Technology – 0.8%** |  |  |  |
|  Alphabet, Inc. <br>2.50%, 05/06/2029 | EUR | 122 | 143627 |
|  Baidu, Inc. <br>2.70%, 03/12/2030<sup>(a)</sup> | CNH | 1400 | 197924 |
|  Cisco Systems, Inc. <br>4.75%, 02/24/2030 | U.S.$| 235 | 240222 |
|  Dell International LLC/EMC Corp.<br>5.30%, 04/01/2032 |  | 77 | 78627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 04/01/2035 |  | 157 | 158584 |
|  Entegris, Inc. <br>4.75%, 04/15/2029<sup>(a)</sup> |  | 429 | 424783 |
|  Fidelity National Information Services, Inc. <br>2.00%, 05/21/2030 | EUR | 178 | 200015 |
|  Fiserv, Inc.<br>4.50%, 05/24/2031 |  | 100 | 124532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 08/21/2033 | U.S.$| 114 | 118384 |
|  Foundry JV Holdco LLC <br>6.15%, 01/25/2032<sup>(a)</sup> |  | 200 | 210294 |
|  Infor LLC <br>1.75%, 07/15/2025<sup>(a)</sup> |  | 227 | 226646 |
|  International Business Machines Corp. <br>5.00%, 02/10/2032 |  | 235 | 239766 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  NXP BV/NXP Funding LLC <br>5.55%, 12/01/2028 | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;204 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210634 |
|  |  |  | 2574038 |
|  **Transportation - Airlines – 0.3%** |  |  |  |
|  AS Mileage Plan IP Ltd. <br>5.021%, 10/20/2029<sup>(a)</sup> |  | 183 | 181148 |
|  Delta Air Lines, Inc./SkyMiles IP Ltd.<br>4.50%, 10/20/2025<sup>(a)</sup> |  | 46 | 45519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 10/20/2028<sup>(a)</sup> |  | 563 | 564160 |
|  United Airlines, Inc. <br>4.375%, 04/15/2026<sup>(a)</sup> |  | 60 | 59573 |
|  |  |  | 850400 |
|  **Transportation - Railroads – 0.2%** |  |  |  |
|  Lima Metro Line 2 Finance Ltd. <br>4.35%, 04/05/2036<sup>(a)</sup> |  | 335 | 314726 |
|  MTR Corp., Ltd. <br>Series E <br>2.75%, 09/20/2034<sup>(a)</sup> | CNH | 1750 | 251553 |
|  |  |  | 566279 |
|  **Transportation - Services – 0.2%** |  |  |  |
|  ENA Master Trust <br>4.00%, 05/19/2048<sup>(a)</sup> | U.S.$| 891 | 644585 |
|  Heathrow Funding Ltd. <br>6.45%, 12/10/2033<sup>(a)</sup> | GBP | 71 | 104163 |
|  |  |  | 748748 |
|  |  |  | 24840852 |
|  **Financial Institutions – 6.1%** |  |  |  |
|  **Banking – 5.0%** |  |  |  |
|  ABN AMRO Bank NV<br>4.75%, 09/22/2027<sup>(a) (c)</sup> | EUR | 200 | 234711 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>5.50%, 09/21/2033<sup>(a)</sup> |  | 100 | 125246 |
|  AIB Group PLC <br>5.32%, 05/15/2031<sup>(a)</sup> | U.S.$| 236 | 240156 |
|  Ally Financial, Inc. <br>6.992%, 06/13/2029 |  | 315 | 331222 |
|  American Express Co. <br>3.433%, 05/20/2032 | EUR | 105 | 124813 |
|  Banco Bilbao Vizcaya Argentaria SA<br>6.033%, 03/13/2035 | U.S.$| 200 | 208060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.883%, 11/15/2034 |  | 400 | 454232 |
|  Banco de Credito del Peru SA <br>3.125%, 07/01/2030<sup>(a)</sup> |  | 295 | 295000 |
|  Banco Santander SA<br>4.175%, 03/24/2028 |  | 600 | 596322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.35%, 03/14/2034 |  | 200 | 209298 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>5.75%, 08/23/2033<sup>(a)</sup> | EUR | 100 | 125822 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Bank of America Corp.<br>5.744%, 02/12/2036 | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;236 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239738 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>1.667%, 06/02/2029<sup>(a)</sup> | GBP | 170 | 214864 |
|  Bank of Ireland Group PLC <br>5.601%, 03/20/2030<sup>(a)</sup> | U.S.$| 800 | 824856 |
|  Bank of Nova Scotia (The) <br>4.588%, 05/04/2037 |  | 171 | 161602 |
|  Banque Federative du Credit Mutuel SA <br>5.126%, 05/24/2027<sup>(a)</sup> | AUD | 200 | 133748 |
|  Barclays PLC<br>5.674%, 03/12/2028 | U.S.$| 270 | 275168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.09%, 11/06/2029<sup>(a)</sup> | GBP | 167 | 243858 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>8.407%, 11/14/2032<sup>(a)</sup> |  | 100 | 146628 |
|  BPCE SA <br>5.716%, 01/18/2030<sup>(a)</sup> | U.S.$| 250 | 257525 |
|  CaixaBank SA<br>4.885%, 07/03/2031<sup>(a)</sup> |  | 238 | 239081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.037%, 06/15/2035<sup>(a)</sup> |  | 272 | 284643 |
|  Capital One Financial Corp. <br>5.468%, 02/01/2029 |  | 162 | 165870 |
|  Capital One NA <br>5.974%, 08/09/2028 |  | 300 | 308529 |
|  Citigroup, Inc.<br>4.643%, 05/07/2028 |  | 196 | 196576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.592%, 11/19/2034 |  | 133 | 134984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series W<br>4.00%, 12/10/2025<sup>(c)</sup> |  | 307 | 304765 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series Y<br>4.15%, 11/15/2026<sup>(c)</sup> |  | 204 | 198922 |
|  Commerzbank AG <br>Series E <br>4.625%, 01/17/2031<sup>(a)</sup> | EUR | 200 | 248708 |
|  Cooperatieve Rabobank UA <br>Series G <br>4.233%, 04/25/2029<sup>(a)</sup> |  | 200 | 245925 |
|  Credit Agricole SA <br>5.411%, 01/18/2029<sup>(a)</sup> | AUD | 200 | 135861 |
|  Danske Bank A/S <br>4.613%, 10/02/2030<sup>(a)</sup> | U.S.$| 280 | 278776 |
|  Deutsche Bank AG/New York NY<br>3.729%, 01/14/2032 |  | 200 | 183058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.373%, 01/10/2029 |  | 232 | 236120 |
|  Ford Credit Canada Co./Canada <br>6.382%, 11/10/2028 | CAD | 210 | 159810 |
|  Goldman Sachs Group, Inc. (The) <br>4.937%, 04/23/2028 | U.S.$| 103 | 103855 |
|  HSBC Holdings PLC <br>4.899%, 03/03/2029 |  | 286 | 288348 |
|  JPMorgan Chase & Co.<br>2.963%, 01/25/2033 |  | 63 | 56605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>4.457%, 11/13/2031<sup>(a)</sup> | EUR | 300 | 376603 |
|  KBC Group NV<br>Series E<br>4.375%, 04/19/2030<sup>(a)</sup> |  | 100 | 123891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 04/25/2033<sup>(a)</sup> |  | 100 | 122509 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Lloyds Banking Group PLC <br>5.087%, 11/26/2028 | U.S.$| 233 | $236062 |
|  Morgan Stanley <br>3.521%, 05/22/2031 | EUR | 270 | 323002 |
|  Nationwide Building Society<br>2.972%, 02/16/2028<sup>(a)</sup> | U.S.$| 775 | 756826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.66% (SOFR + 1.29%), 02/16/2028<sup>(a) (d)</sup> |  | 384 | 386039 |
|  NatWest Group PLC<br>3.032%, 11/28/2035 |  | 468 | 421860 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series E<br>1.043%, 09/14/2032<sup>(a)</sup> | EUR | 140 | 158575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.763%, 02/28/2034<sup>(a)</sup> |  | 115 | 145834 |
|  Royal Bank of Canada/Toronto <br>5.70%, 10/04/2028 | AUD | 120 | 82323 |
|  Santander Holdings USA, Inc.<br>5.473%, 03/20/2029 | U.S.$| 29 | 29475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.741%, 03/20/2031 |  | 81 | 83162 |
|  Santander UK Group Holdings PLC <br>2.469%, 01/11/2028 |  | 443 | 429444 |
|  Societe Generale SA<br>5.249%, 05/22/2029<sup>(a)</sup> |  | 232 | 234791 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.519%, 01/19/2028<sup>(a)</sup> |  | 203 | 205223 |
|  Standard Chartered PLC<br>2.608%, 01/12/2028<sup>(a)</sup> |  | 255 | 247684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.051% (CME Term SOFR 3 Month + 1.77%), 01/30/2027<sup>(a) (c) (d)</sup> |  | 300 | 285411 |
|  Swedbank AB <br>Series G <br>3.625%, 08/23/2032<sup>(a)</sup> | EUR | 292 | 348887 |
|  UBS Group AG<br>6.373%, 07/15/2026<sup>(a)</sup> | U.S.$| 452 | 452199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 02/10/2030<sup>(a) (c)</sup> |  | 200 | 199684 |
|  UniCredit SpA<br>2.569%, 09/22/2026<sup>(a)</sup> |  | 455 | 452675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.861%, 06/19/2032<sup>(a)</sup> |  | 200 | 201514 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15516978 |
|  **Brokerage – 0.1%** |  |  |  |
|  Charles Schwab Corp. (The) <br>4.886% (SOFR + 0.52%), 05/13/2026<sup>(d)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421 | 421168 |
|  **Finance – 0.3%** |  |  |  |
|  Air Lease Corp. <br>5.40%, 06/01/2028 | CAD | 266 | 204212 |
|  Aircastle Ltd. <br>5.95%, 02/15/2029<sup>(a)</sup> | U.S.$| 25 | 25827 |
|  Aviation Capital Group LLC<br>1.95%, 09/20/2026<sup>(a)</sup> |  | 71 | 68698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 08/01/2025<sup>(a)</sup> |  | 12 | 11986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 04/14/2027<sup>(a)</sup> |  | 94 | 94061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.875%, 10/01/2025<sup>(a)</sup> |  | 98 | 97980 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Credicorp Capital Sociedad Titulizadora SA <br>10.10%, 12/15/2043<sup>(a)</sup> | PEN | 725 | $212332 |
|  Temasek Financial I Ltd.<br>Series E<br>2.75%, 08/28/2034<sup>(a)</sup> | CNH | 1000 | 143221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.10%, 08/28/2054<sup>(a)</sup> |  | 1000 | 145489 |
|  |  |  | 1003806 |
|  **Insurance – 0.3%** |  |  |  |
|  Athene Global Funding<br>1.985%, 08/19/2028<sup>(a)</sup> | U.S.$| 49 | 45245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.55%, 11/19/2030<sup>(a)</sup> |  | 15 | 13356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.717%, 01/07/2029<sup>(a)</sup> |  | 19 | 17719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.38%, 01/07/2030<sup>(a)</sup> |  | 38 | 38829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.526%, 07/11/2031<sup>(a)</sup> |  | 266 | 272578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.583%, 01/09/2029<sup>(a)</sup> |  | 2 | 2055 |
|  New York Life Global Funding <br>5.35%, 09/19/2028<sup>(a)</sup> | AUD | 200 | 136290 |
|  Swiss Re Finance Luxembourg SA <br>5.00%, 04/02/2049<sup>(a)</sup> | U.S.$| 200 | 199170 |
|  UnitedHealth Group, Inc. <br>4.40%, 06/15/2028 |  | 55 | 55266 |
|  |  |  | 780508 |
|  **REITs – 0.4%** |  |  |  |
|  American Tower Corp.<br>0.50%, 01/15/2028 | EUR | 191 | 213244 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.20%, 02/15/2029 | U.S.$| 184 | 188405 |
|  EPR Properties <br>4.50%, 06/01/2027 |  | 165 | 164172 |
|  GLP Capital LP/GLP Financing II, Inc.<br>4.00%, 01/15/2031 |  | 72 | 67908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 01/15/2030 |  | 163 | 156671 |
|  Omega Healthcare Investors, Inc. <br>5.20%, 07/01/2030 |  | 53 | 53319 |
|  Swire Properties MTN Financing Ltd. <br>Series E <br>3.40%, 09/03/2029<sup>(a)</sup> | CNH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | 142298 |
|  Westfield America Management Ltd. <br>2.625%, 03/30/2029<sup>(a)</sup> | GBP | 100 | 126204 |
|  |  |  | 1112221 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18834681 |
|  **Utility – 1.2%** |  |  |  |
|  **Electric – 1.0%** |  |  |  |
|  AES Panama Generation Holdings SRL <br>4.375%, 05/31/2030<sup>(a)</sup> | U.S.$| 476 | 433218 |
|  Alexander Funding Trust II <br>7.467%, 07/31/2028<sup>(a)</sup> |  | 106 | 113341 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  American Electric Power Co., Inc. <br>6.95%, 12/15/2054 | U.S.$| 189 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197526 |
|  CenterPoint Energy Houston Electric LLC<br>4.95%, 04/01/2033 |  | 10 | 10046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.05%, 03/01/2035 |  | 110 | 109955 |
|  Duke Energy Carolinas NC Storm Funding LLC <br>Series A-2 <br>2.617%, 07/01/2043 |  | 542 | 419622 |
|  E.ON International Finance BV <br>Series E <br>1.50%, 07/31/2029<sup>(a)</sup> | EUR | 104 | 117014 |
|  EDP Servicios Financieros Espana SA<br>Series E<br>3.50%, 07/16/2030<sup>(a)</sup> |  | 100 | 120097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 07/21/2031<sup>(a)</sup> |  | 105 | 125395 |
|  Electricite de France SA<br>9.125%, 03/15/2033<sup>(a) (c)</sup> | U.S.$| 200 | 225830 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series MPLE<br>5.993%, 05/23/2030<sup>(a)</sup> | CAD | 77 | 61177 |
|  Florida Power & Light Co. <br>5.30%, 06/15/2034 | U.S.$| 81 | 83511 |
|  Israel Electric Corp., Ltd. <br>Series G <br>4.25%, 08/14/2028<sup>(a)</sup> |  | 402 | 390036 |
|  National Grid PLC <br>Series E <br>0.553%, 09/18/2029<sup>(a)</sup> | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113 | 120528 |
|  Niagara Mohawk Power Corp.<br>4.647%, 10/03/2030<sup>(a)</sup> | U.S.$| 68 | 68000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.29%, 01/17/2034<sup>(a)</sup> |  | 206 | 205370 |
|  Pacific Gas & Electric Co. <br>5.55%, 05/15/2029 |  | 74 | 75189 |
|  Public Service Co. of Oklahoma <br>5.45%, 01/15/2036 |  | 90 | 90658 |
|  SSE PLC <br>Series E <br>8.375%, 11/20/2028<sup>(a)</sup> | GBP | 56 | 85833 |
|  Vistra Operations Co. LLC <br>5.05%, 12/30/2026<sup>(a)</sup> | U.S.$| 4 | 4020 |
|  |  |  | 3056366 |
|  **Natural Gas – 0.1%** |  |  |  |
|  Cadent Finance PLC <br>Series E <br>3.75%, 04/16/2033<sup>(a)</sup> | EUR | 209 | 247501 |
|  National Grid North America, Inc. <br>Series E <br>3.631%, 09/03/2031<sup>(a)</sup> |  | 100 | 119854 |
|  |  |  | 367355 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Other Utility – 0.1%** |  |  |  |
|  Anglian Water Services Financing PLC <br>Series A5 <br>6.293%, 07/30/2030<sup>(a)</sup> | GBP | 70 | $99967 |
|  Suez SACA<br>Series E<br>2.375%, 05/24/2030<sup>(a)</sup> | EUR | 100 | 114023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/13/2033<sup>(a)</sup> |  | 100 | 124578 |
|  |  |  | 338568 |
|  |  |  | 3762289 |
|  Total Corporates - Investment Grade <br>(cost $47,060,276) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47437822 |
|  | **Shares** | **Shares** |  |
|  **INVESTMENT COMPANIES – 13.0%** |  |  |  |
|  **Funds and Investment Trusts – 13.0%<sup>(e)</sup>** |  |  |  |
|  AB Bond Fund, Inc. - AB All Market Real Return Portfolio - Class Z<sup>(f)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;1151121 | 11073786 |
|  iShares Core MSCI EAFE ETF |  | 249082 | 20793365 |
|  iShares Core MSCI Emerging Markets ETF |  | 138734 | 8328202 |
|  Total Investment Companies <br>(cost $35,028,292) |  |  | 40195353 |
|  | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** |  |
|  **MORTGAGE PASS-THROUGHS – 9.2%** |  |  |  |
|  **Agency Fixed Rate 30-Year – 8.9%** |  |  |  |
|  Federal Home Loan Mortgage Corp.<br>Series 2019<br>3.50%, 11/01/2049 | U.S.$| 173 | 158522 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>3.00%, 05/01/2052 |  | 590 | 511481 |
|  Federal Home Loan Mortgage Corp. Gold<br>Series 2018<br>4.50%, 03/01/2048 |  | 105 | 102147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 11/01/2048 |  | 285 | 277274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2048 |  | 127 | 127216 |
|  Federal National Mortgage Association<br>Series 2007<br>5.50%, 08/01/2037 |  | 90 | 93375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2010<br>4.00%, 12/01/2040 |  | 164 | 158828 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2012<br>3.50%, 02/01/2042 |  | 100 | 94231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 11/01/2042 |  | 163 | 153108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 01/01/2043 |  | 178 | 166596 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013<br>3.50%, 03/01/2043 |  | 5 | 4467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.50%, 04/01/2043 |  | 55 | 51636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 10/01/2043 |  | 449 | 431718 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014<br>5.50%, 09/01/2041 | U.S.$| 246 | $254457 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015<br>3.00%, 05/01/2045 |  | 65 | 57921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 08/01/2045 |  | 464 | 414248 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018<br>4.50%, 09/01/2048 |  | 426 | 414683 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019<br>3.50%, 11/01/2049 |  | 383 | 350502 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021<br>2.00%, 07/01/2051 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1562393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.00%, 12/01/2051 |  | 366 | 290427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 01/01/2052 |  | 606 | 508713 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>2.50%, 03/01/2052 |  | 720 | 604413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 05/01/2052 |  | 783 | 656761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 03/01/2052 |  | 501 | 438238 |
|  Government National Mortgage Association<br>Series 2016<br>3.00%, 04/20/2046 |  | 52 | 46837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 05/20/2046 |  | 139 | 124751 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>5.00%, 11/20/2052 |  | 1394 | 1376997 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>2.50%, 07/01/2055, TBA |  | 1024 | 870304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.00%, 07/01/2055, TBA |  | 1343 | 1186501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2055, TBA |  | 668 | 620489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.50%, 07/01/2055, TBA |  | 1530 | 1464133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2055, TBA |  | 3010 | 2955280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/01/2055, TBA |  | 3770 | 3773400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 07/01/2055, TBA |  | 1246 | 1263478 |
|  Uniform Mortgage-Backed Security<br>Series 2025<br>2.00%, 07/01/2055, TBA |  | 46 | 36626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 07/01/2055, TBA |  | 640 | 530575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2055, TBA |  | 250 | 244980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.50%, 07/01/2055, TBA |  | 2637 | 2636109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.00%, 07/01/2055, TBA |  | 1856 | 1885577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 07/01/2055, TBA |  | 770 | 795215 |
|  |  |  | 27694607 |
|  **Agency Fixed Rate 15-Year – 0.3%** |  |  |  |
|  Federal National Mortgage Association<br>Series 2013<br>2.50%, 03/01/2028 |  | 10 | 9883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 06/01/2028 |  | 3 | 2968 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014<br>2.50%, 09/01/2029 |  | 40 | 39387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016<br>2.50%, 11/01/2031 |  | 12 | 11346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 12/01/2031 |  | 727 | 700157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.50%, 01/01/2032 |  | 20 | 18788 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017<br>2.50%, 02/01/2032 |  | 63 | 61074 |
|  |  |  | 843603 |
|  Total Mortgage Pass-Throughs <br>(cost $29,195,438) |  |  | 28538210 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **ASSET-BACKED SECURITIES – 4.0%** |  |  |  |
|  **Other ABS - Fixed Rate – 2.6%** |  |  |  |
|  AB Issuer LLC <br>Series 2021-1, Class A2 <br>3.734%, 07/30/2051<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1097 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1025877 |
|  Accelerated LLC <br>Series 2024-1A, Class A <br>4.68%, 08/22/2044<sup>(a)</sup> |  | 147 | 146608 |
|  Affirm Asset Securitization Trust<br>Series 2021-Z2, Class A<br>1.17%, 11/16/2026<sup>(a)</sup> |  | 1 | 1149 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-X1, Class A<br>6.27%, 05/15/2029<sup>(a)</sup> |  | 8 | 8160 |
|  Amur Equipment Finance Receivables XI LLC <br>Series 2022-2A, Class A2 <br>5.30%, 06/21/2028<sup>(a)</sup> |  | 94 | 94438 |
|  Auxilior Term Funding LLC <br>Series 2023-1A, Class A2 <br>6.18%, 12/15/2028<sup>(a)</sup> |  | 140 | 141146 |
|  BHG Securitization Trust<br>Series 2023-A, Class A<br>5.55%, 04/17/2036<sup>(a)</sup> |  | 94 | 93710 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-B, Class A<br>6.92%, 12/17/2036<sup>(a)</sup> |  | 40 | 41002 |
|  Cajun Global LLC <br>Series 2021-1, Class A2 <br>3.931%, 11/20/2051<sup>(a)</sup> |  | 236 | 230778 |
|  CCG Receivables Trust <br>Series 2025-1, Class B <br>4.69%, 10/14/2032<sup>(a)</sup> |  | 100 | 100383 |
|  Clarus Capital Funding LLC <br>Series 2024-1A, Class B <br>4.79%, 08/20/2032<sup>(a)</sup> |  | 115 | 115004 |
|  College Ave Student Loans LLC <br>Series 2021-C, Class B <br>2.72%, 07/26/2055<sup>(a)</sup> |  | 221 | 201660 |
|  Dext ABS LLC <br>Series 2023-1, Class A2 <br>5.99%, 03/15/2032<sup>(a)</sup> |  | 227 | 227553 |
|  Diamond Issuer LLC <br>Series 2021-1A, Class A <br>2.305%, 11/20/2051<sup>(a)</sup> |  | 1139 | 1073764 |
|  GCI Funding I LLC <br>Series 2021-1, Class A <br>2.38%, 06/18/2046<sup>(a)</sup> |  | 319 | 293100 |
|  HINNT LLC <br>Series 2024-A, Class A <br>5.49%, 03/15/2043<sup>(a)</sup> |  | 49 | 49417 |
|  Marlette Funding Trust <br>Series 2024-1A, Class A <br>5.95%, 07/17/2034<sup>(a)</sup> |  | 17 | 17139 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  MVW LLC<br>Series 2021-2A, Class B<br>1.83%, 05/20/2039<sup>(a)</sup> | U.S.$| 182 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171871 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A<br>4.97%, 09/22/2042<sup>(a)</sup> |  | 121 | 121796 |
|  Neighborly Issuer LLC<br>Series 2022-1A, Class A2<br>3.695%, 01/30/2052<sup>(a)</sup> |  | 814 | 754547 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-1A, Class A2<br>7.308%, 01/30/2053<sup>(a)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1017 | 1036997 |
|  Nelnet Student Loan Trust<br>Series 2021-BA, Class B<br>2.68%, 04/20/2062<sup>(a)</sup> |  | 140 | 123214 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-CA, Class B<br>2.53%, 04/20/2062<sup>(a)</sup> |  | 499 | 435325 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DA, Class B<br>2.90%, 04/20/2062<sup>(a)</sup> |  | 457 | 407538 |
|  NMEF Funding LLC <br>Series 2024-A, Class A2 <br>5.15%, 12/15/2031<sup>(a)</sup> |  | 172 | 173044 |
|  Pagaya AI Debt Grantor Trust<br>Series 2024-5, Class A<br>6.278%, 10/15/2031<sup>(a)</sup> |  | 44 | 44541 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-9, Class B<br>5.306%, 03/15/2032<sup>(a)</sup> |  | 409 | 408934 |
|  Pagaya AI Debt Trust<br>Series 2024-2, Class A<br>6.319%, 08/15/2031<sup>(a)</sup> |  | 38 | 37881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-4, Class A2<br>5.373%, 01/17/2033<sup>(a)</sup> |  | 156 | 156663 |
|  PEAC Solutions Receivables LLC<br>Series 2025-1A, Class A2<br>4.94%, 10/20/2028<sup>(a)</sup> |  | 32 | 32110 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class B<br>5.20%, 07/20/2032<sup>(a)</sup> |  | 51 | 51655 |
|  SCF Equipment Leasing LLC <br>Series 2024-1A, Class A2 <br>5.88%, 11/20/2029<sup>(a)</sup> |  | 79 | 80040 |
|  SCF Equipment Trust LLC <br>Series 2025-1A, Class A3 <br>5.11%, 11/21/2033<sup>(a)</sup> |  | 100 | 102008 |
|  Sierra Timeshare Receivables Funding LLC <br>Series 2024-2A, Class A <br>5.14%, 06/20/2041<sup>(a)</sup> |  | 81 | 81644 |
|  |  |  | 8080696 |
|  **Autos - Fixed Rate – 1.4%** |  |  |  |
|  Ally Bank Auto Credit-Linked Notes <br>Series 2024-A, Class A2 <br>5.681%, 05/17/2032<sup>(a)</sup> |  | 154 | 156321 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Avis Budget Rental Car Funding AESOP LLC <br>Series 2023-3A, Class A <br>5.44%, 02/22/2028<sup>(a)</sup> | U.S.$| 399 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;403969 |
|  Carvana Auto Receivables Trust<br>Series 2021-N3, Class C<br>1.02%, 06/12/2028 |  | 54 | 51855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-N4, Class D<br>2.30%, 09/11/2028 |  | 43 | 41629 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-P4, Class D<br>2.61%, 09/11/2028 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;596 | 567621 |
|  CPS Auto Receivables Trust <br>Series 2021-C, Class D <br>1.69%, 06/15/2027<sup>(a)</sup> |  | 202 | 201108 |
|  Ford Credit Auto Owner Trust <br>Series 2021-1, Class D <br>2.31%, 10/17/2033<sup>(a)</sup> |  | 824 | 804168 |
|  Hertz Vehicle Financing III LLC <br>Series 2025-1A, Class A <br>4.91%, 09/25/2029<sup>(a)</sup> |  | 145 | 145487 |
|  Hyundai Auto Lease Securitization Trust <br>Series 2025-A, Class B <br>5.15%, 06/15/2029<sup>(a)</sup> |  | 140 | 141689 |
|  Lendbuzz Securitization Trust<br>Series 2023-1A, Class A2<br>6.92%, 08/15/2028<sup>(a)</sup> |  | 618 | 626414 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-2A, Class A2<br>5.18%, 05/15/2030<sup>(a)</sup> |  | 127 | 127342 |
|  Merchants Fleet Funding LLC <br>Series 2023-1A, Class A <br>7.21%, 05/20/2036<sup>(a)</sup> |  | 71 | 71970 |
|  OCCU Auto Receivables Trust <br>Series 2023-1A, Class A2 <br>6.23%, 04/15/2027<sup>(a)</sup> |  | 6 | 5896 |
|  PenFed Auto Receivables Owner Trust <br>Series 2024-A, Class A3 <br>4.70%, 06/15/2029<sup>(a)</sup> |  | 69 | 69257 |
|  Research-Driven Pagaya Motor Asset Trust VII <br>Series 2022-3A, Class A <br>5.38%, 11/25/2030<sup>(a)</sup> |  | 93 | 92632 |
|  Research-Driven Pagaya Motor Trust <br>Series 2024-1A, Class A <br>7.09%, 06/25/2032<sup>(a)</sup> |  | 53 | 53597 |
|  Santander Bank Auto Credit-Linked Notes <br>Series 2022-C, Class B <br>6.451%, 12/15/2032<sup>(a)</sup> |  | 13 | 13268 |
|  SBNA Auto Receivables Trust <br>Series 2025-SF1, Class B <br>5.12%, 03/17/2031<sup>(a)</sup> |  | 40 | 40006 |
|  Securitized Term Auto Receivables Trust <br>Series 2025-A, Class B <br>5.038%, 07/25/2031<sup>(a)</sup> |  | 62 | 62377 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Tesla Auto Lease Trust <br>Series 2024-A, Class A3 <br>5.30%, 06/21/2027<sup>(a)</sup> | U.S.$| 75 | $75223 |
|  Tricolor Auto Securitization Trust <br>Series 2024-2A, Class A <br>6.36%, 12/15/2027<sup>(a)</sup> |  | 28 | 27862 |
|  United Auto Credit Securitization Trust <br>Series 2025-1, Class A <br>4.80%, 06/10/2027<sup>(a)</sup> |  | 142 | 142158 |
|  Wheels Fleet Lease Funding 1 LLC<br>Series 2023-2A, Class A<br>6.46%, 08/18/2038<sup>(a)</sup> |  | 80 | 80763 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2A, Class A1<br>4.87%, 06/21/2039<sup>(a)</sup> |  | 164 | 165230 |
|  |  |  | 4167842 |
|  **Credit Cards - Fixed Rate – 0.0%** |  |  |  |
|  Brex Commercial Charge Card Master Trust <br>Series 2024-1, Class A1 <br>6.05%, 07/15/2027<sup>(a)</sup> |  | 121 | 121926 |
|  |  |  | 121926 |
|  Total Asset-Backed Securities <br>(cost $12,733,164) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12370464 |
|  **COLLATERALIZED MORTGAGE OBLIGATIONS – 3.3%** |  |  |  |
|  **Risk Share Floating Rate – 2.6%** |  |  |  |
|  Bellemeade Re Ltd.<br>Series 2022-1, Class M1B<br>6.455% (CME Term SOFR + 2.15%), 01/26/2032<sup>(a) (d)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127 | 127163 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-2, Class M1A<br>8.305% (CME Term SOFR + 4.00%), 09/27/2032<sup>(a) (d)</sup> |  | 372 | 374551 |
|  Connecticut Avenue Securities <br>Series 2025-R01, Class 1M1 <br>5.406% (CME Term SOFR + 1.10%), 01/25/2045<sup>(a) (d)</sup> |  | 80 | 80095 |
|  Connecticut Avenue Securities Trust<br>Series 2021-R01, Class 1M2<br>5.855% (CME Term SOFR + 1.55%), 10/25/2041<sup>(a) (d)</sup> |  | 31 | 31166 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R02, Class 2M1<br>5.505% (CME Term SOFR + 1.20%), 01/25/2042<sup>(a) (d)</sup> |  | 86 | 86326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R04, Class 1M2<br>7.405% (CME Term SOFR + 3.10%), 03/25/2042<sup>(a) (d)</sup> |  | 130 | 133441 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-R06, Class 1M1<br>7.055% (CME Term SOFR + 2.75%), 05/25/2042<sup>(a) (d)</sup> |  | 292 | 298941 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R01, Class 1M1<br>6.706% (CME Term SOFR + 2.40%), 12/25/2042<sup>(a) (d)</sup> | U.S.$| 353 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361956 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R02, Class 1M1<br>6.605% (CME Term SOFR + 2.30%), 01/25/2043<sup>(a) (d)</sup> |  | 406 | 414224 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-R03, Class 2M1<br>6.805% (CME Term SOFR + 2.50%), 04/25/2043<sup>(a) (d)</sup> |  | 216 | 218878 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R02, Class 1M2<br>6.105% (CME Term SOFR + 1.80%), 02/25/2044<sup>(a) (d)</sup> |  | 150 | 151108 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R04, Class 1M1<br>5.405% (CME Term SOFR + 1.10%), 05/25/2044<sup>(a) (d)</sup> |  | 64 | 63764 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R05, Class 2M1<br>5.305% (CME Term SOFR + 1.00%), 07/25/2044<sup>(a) (d)</sup> |  | 44 | 44066 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-R06, Class 1M1<br>5.355% (CME Term SOFR + 1.05%), 09/25/2044<sup>(a) (d)</sup> |  | 29 | 28540 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R02, Class 1A1<br>5.306% (CME Term SOFR + 1.00%), 02/25/2045<sup>(a) (d)</sup> |  | 75 | 75259 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R03, Class 2M1<br>5.905% (CME Term SOFR + 1.60%), 03/25/2045<sup>(a) (d)</sup> |  | 275 | 276544 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R04, Class 1A1<br>5.305% (CME Term SOFR + 1.00%), 05/25/2045<sup>(a) (d)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100 | 100148 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-R04, Class 1M1<br>5.505% (CME Term SOFR + 1.20%), 05/25/2045<sup>(a) (d)</sup> |  | 170 | 170491 |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes<br>Series 2015-HQA2, Class M3<br>9.22% (CME Term SOFR + 4.91%), 05/25/2028<sup>(d)</sup> |  | 41 | 42062 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA5, Class M2<br>5.955% (CME Term SOFR + 1.65%), 01/25/2034<sup>(a) (d)</sup> |  | 140 | 140608 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-DNA6, Class M2<br>5.805% (CME Term SOFR + 1.50%), 10/25/2041<sup>(a) (d)</sup> |  | 309 | 310195 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-HQA4, Class M1<br>5.255% (CME Term SOFR + 0.95%), 12/25/2041<sup>(a) (d)</sup> |  | 344 | 343606 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-HQA4, Class M2<br>6.655% (CME Term SOFR + 2.35%), 12/25/2041<sup>(a) (d)</sup> |  | 415 | 419451 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA3, Class M1B<br>7.205% (CME Term SOFR + 2.90%), 04/25/2042<sup>(a) (d)</sup> |  | 239 | 246612 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA4, Class M1B<br>7.655% (CME Term SOFR + 3.35%), 05/25/2042<sup>(a) (d)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;878 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;912460 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA5, Class M1B<br>8.805% (CME Term SOFR + 4.50%), 06/25/2042<sup>(a) (d)</sup> |  | 769 | 817847 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-DNA7, Class M1A<br>6.805% (CME Term SOFR + 2.50%), 03/25/2052<sup>(a) (d)</sup> |  | 258 | 261078 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-DNA2, Class M1A<br>6.406% (CME Term SOFR + 2.10%), 04/25/2043<sup>(a) (d)</sup> |  | 165 | 167320 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-DNA3, Class M1<br>5.305% (CME Term SOFR + 1.00%), 10/25/2044<sup>(a) (d)</sup> |  | 31 | 31069 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-HQA2, Class M1<br>5.505% (CME Term SOFR + 1.20%), 08/25/2044<sup>(a) (d)</sup> |  | 483 | 482780 |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2025-DNA2<br>Series 2025-DNA2, Class A1<br>5.405% (CME Term SOFR + 1.10%), 05/25/2045<sup>(a) (d)</sup> |  | 90 | 89848 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-DNA2, Class M1<br>5.505% (CME Term SOFR + 1.20%), 05/25/2045<sup>(a) (d)</sup> |  | 53 | 53542 |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes 2025-Hqa1 <br>Series 2025-HQA1, Class A1 <br>5.255% (CME Term SOFR + 0.95%), 02/25/2045<sup>(a) (d)</sup> |  | 180 | 179668 |
|  Federal National Mortgage Association Connecticut Avenue Securities<br>Series 2015-C03, Class 1M2<br>9.42% (CME Term SOFR + 5.11%), 07/25/2025<sup>(d)</sup> |  | 71 | 71428 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-C04, Class 1M2<br>10.12% (CME Term SOFR + 5.81%), 04/25/2028<sup>(d)</sup> |  | 214 | 216994 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C01, Class 2M2<br>11.37% (CME Term SOFR + 7.06%), 08/25/2028<sup>(d)</sup> |  | 17 | 17670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-C02, Class 1M2<br>10.42% (CME Term SOFR + 6.11%), 09/25/2028<sup>(d)</sup> |  | 33 | 33445 |
|  Wells Fargo Credit Risk Transfer Securities Trust<br>Series 2015-WF1, Class 1M2<br>9.67% (CME Term SOFR + 5.36%), 11/25/2025<sup>(a) (d)</sup> |  | 99 | 103255 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-WF1, Class 2M2<br>9.92% (CME Term SOFR + 5.61%), 11/25/2025<sup>(a) (d)</sup> |  | 24 | 25260 |
|  |  |  | 8002859 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Non-Agency Fixed Rate – 0.4%** |  |  |  |
|  Angel Oak Mortgage Trust<br>Series 2025-4, Class A1<br>5.855%, 04/25/2070<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62086 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-6, Class A1<br>5.515%, 04/25/2070<sup>(a)</sup> |  | 71 | 71309 |
|  BRAVO Residential Funding Trust <br>Series 2025-NQM5, Class A1 <br>5.496%, 02/25/2065<sup>(a)</sup> |  | 196 | 196509 |
|  COLT Mortgage Loan Trust <br>Series 2025-5, Class A1 <br>5.536%, 05/25/2070<sup>(a)</sup> |  | 122 | 121970 |
|  Cross Mortgage Trust <br>Series 2025-H4, Class A1 <br>5.596%, 06/25/2070<sup>(a)</sup> |  | 192 | 193676 |
|  GCAT Trust <br>Series 2025-NQM2, Class A1 <br>5.604%, 04/25/2070<sup>(a)</sup> |  | 100 | 99849 |
|  OBX Trust<br>Series 2025-NQM10, Class A1<br>5.453%, 05/25/2065<sup>(a)</sup> |  | 158 | 158698 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-NQM8, Class A1<br>5.472%, 03/25/2065<sup>(a)</sup> |  | 143 | 143459 |
|  Verus Securitization Trust <br>Series 2025-5, Class A1 <br>5.427%, 06/25/2070<sup>(a)</sup> |  | 100 | 100318 |
|  |  |  | 1147874 |
|  **Agency Floating Rate – 0.3%** |  |  |  |
|  Federal Home Loan Mortgage Corp. REMICS<br>Series 4693, Class SL<br>1.732% (6.04% - CME Term SOFR), 06/15/2047<sup>(d) (g)</sup> |  | 993 | 126591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 4719, Class JS<br>1.732% (6.04% - CME Term SOFR), 09/15/2047<sup>(d) (g)</sup> |  | 310 | 36504 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 4954, Class SL<br>1.63% (5.94% - CME Term SOFR), 02/25/2050<sup>(d) (g)</sup> |  | 970 | 112773 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 4981, Class HS<br> 1.68% (5.99% - CME Term SOFR), 06/25/2050<sup>(d) (g)</sup> |  | 2387 | 267588 |
|  Federal National Mortgage Association REMICS<br>Series 2014-78, Class SE<br>1.68% (5.99% - CME Term SOFR), 12/25/2044<sup>(d) (g)</sup> |  | 323 | 33386 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-77, Class DS<br> 1.58% (5.89% - CME Term SOFR), 10/25/2046<sup>(d) (g)</sup> |  | 776 | 89327 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-62, Class AS<br>1.73% (6.04% - CME Term SOFR), 08/25/2047<sup>(d) (g)</sup> |  | 373 | 42775 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-97, Class LS<br>1.78% (6.09% - CME Term SOFR), 12/25/2047<sup>(d) (g)</sup> | U.S.$| 763 | $92697 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-97, Class SW<br>1.78% (6.09% - CME Term SOFR), 12/25/2047<sup>(d) (g)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;391 | 48981 |
|  Government National Mortgage Association<br>Series 2017-122, Class SA<br>1.768% (6.09% - CME Term SOFR 1 Month), 08/20/2047<sup>(d) (g)</sup> |  | 379 | 51725 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-134, Class SE<br>1.768% (6.09% - CME Term SOFR 1 Month), 09/20/2047<sup>(d) (g)</sup> |  | 283 | 36882 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-65, Class ST<br>1.718% (6.04% - CME Term SOFR 1 Month), 04/20/2047<sup>(d) (g)</sup> |  | 496 | 61842 |
|  |  |  | 1001071 |
|  Total Collateralized Mortgage Obligations <br>(cost $9,750,866) |  |  | 10151804 |
|  **COMMERCIAL MORTGAGE-BACKED SECURITIES – 2.1%** |  |  |  |
|  **Non-Agency Floating Rate CMBS – 1.3%** |  |  |  |
|  ALA Trust <br>Series 2025-OANA, Class A <br>6.043% (CME Term SOFR 1 Month + 1.74%), 06/15/2040<sup>(a) (d)</sup> |  | 125 | 125655 |
|  BBCMS Mortgage Trust <br>Series 2020-BID, Class A <br>6.566% (CME Term SOFR 1 Month + 2.25%), 10/15/2037<sup>(a) (d)</sup> |  | 1089 | 1089000 |
|  BOCA Commercial Mortgage Trust <br>Series 2024-BOCA, Class A <br>6.232% (CME Term SOFR 1 Month + 1.92%), 08/15/2041<sup>(a) (d)</sup> |  | 280 | 281041 |
|  BX Commercial Mortgage Trust<br>Series 2019-IMC, Class E<br>6.508% (CME Term SOFR 1 Month + 2.20%), 04/15/2034<sup>(a) (d)</sup> |  | 430 | 420037 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-AIR2, Class A<br>5.804% (CME Term SOFR 1 Month + 1.49%), 10/15/2041<sup>(a) (d)</sup> |  | 106 | 105707 |
|  Federal Home Loan Mortgage Corp. Multifamily Structured Credit Risk <br>Series 2021-MN1, Class M1 <br>6.305% (CME Term SOFR + 2.00%), 01/25/2051<sup>(a) (d)</sup> |  | 54 | 53630 |
|  Great Wolf Trust <br>Series 2024-WOLF, Class A <br>5.854% (CME Term SOFR 1 Month + 1.54%), 03/15/2039<sup>(a) (d)</sup> |  | 232 | 232363 |
|  Hawaii Hotel Trust <br>Series 2025-MAUI, Class A <br>5.705% (CME Term SOFR 1 Month + 1.39%), 03/15/2042<sup>(a) (d)</sup> |  | 117 | 117062 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  HILT Commercial Mortgage Trust <br>Series 2024-ORL, Class A <br>5.853% (CME Term SOFR 1 Month + 1.54%), 05/15/2037<sup>(a) (d)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176110 |
|  HLTN Commercial Mortgage Trust <br>Series 2024-DPLO, Class A <br>5.953% (CME Term SOFR 1 Month + 1.64%), 06/15/2041<sup>(a) (d)</sup> |  | 250 | 249714 |
|  KIND Trust <br>Series 2021-KIND, Class A <br>5.38% (CME Term SOFR 1 Month + 1.06%), 08/15/2038<sup>(a) (d)</sup> |  | 99 | 98056 |
|  Natixis Commercial Mortgage Securities Trust <br>Series 2019-MILE, Class A <br>5.891% (CME Term SOFR 1 Month + 1.58%), 07/15/2036<sup>(a) (d)</sup> |  | 316 | 300715 |
|  NJ Trust <br>Series 2023-GSP, Class A <br>6.697%, 01/06/2029<sup>(a)</sup> |  | 165 | 173247 |
|  NRTH Mortgage Trust <br>Series 2024-PARK, Class A <br>5.953% (CME Term SOFR 1 Month + 1.64%), 03/15/2039<sup>(a) (d)</sup> |  | 232 | 232145 |
|  ORL Trust <br>Series 2024-GLKS, Class A <br>5.804% (CME Term SOFR 1 Month + 1.49%), 12/15/2039<sup>(a) (d)</sup> |  | 100 | 99969 |
|  SWCH Commercial Mortgage Trust <br>Series 2025-DATA, Class A <br>5.755% (CME Term SOFR 1 Month + 1.44%), 02/15/2042<sup>(a) (d)</sup> |  | 269 | 267323 |
|  Wells Fargo Commercial Mortgage Trust <br>Series 2024-MGP, Class A12 <br>6.003% (CME Term SOFR 1 Month + 1.69%), 08/15/2041<sup>(a) (d)</sup> |  | 94 | 93196 |
|  |  |  | 4114970 |
|  **Non-Agency Fixed Rate CMBS – 0.8%** |  |  |  |
|  Commercial Mortgage Trust <br>Series 2010-C1, Class D <br>5.985%, 07/10/2046<sup>(a)</sup> |  | 705 | 694540 |
|  DTP Commercial Mortgage Trust <br>Series 2023-STE2, Class A <br>6.038%, 01/15/2041<sup>(a)</sup> |  | 116 | 118839 |
|  GS Mortgage Securities Trust <br>Series 2011-GC5, Class D <br>5.295%, 08/10/2044<sup>(a)</sup> |  | 26 | 19235 |
|  GSF 2021 1 Issuer LLC 08/26 1<br>Series 2021-1, Class A1<br>1.433%, 08/15/2026<sup>(h)</sup> |  | 280 | 276682 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class A2<br>2.435%, 08/15/2026<sup>(h)</sup> |  | 1071 | 1060813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-1, Class AS<br>2.638%, 08/15/2026<sup>(h)</sup> |  | 39 | 38286 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  HFX Funding <br>Series 2017-1A, Class A3 <br>3.647%, 03/15/2035<sup>(h)</sup> | U.S.$| 11 | $11328 |
|  JPMBB Commercial Mortgage Securities Trust <br>Series 2014-C22, Class XA <br>0.549%, 09/15/2047<sup>(i)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;917 | 9 |
|  Wells Fargo Commercial Mortgage Trust <br>Series 2016-LC25, Class C <br>4.472%, 12/15/2059 |  | 125 | 117436 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2337168 |
|  Total Commercial Mortgage-Backed Securities <br>(cost $6,601,741) |  |  | 6452138 |
|  **CORPORATES - NON-INVESTMENT GRADE – 1.1%** |  |  |  |
|  **Industrial – 1.0%** |  |  |  |
|  **Capital Goods – 0.1%** |  |  |  |
|  Luna 2 5SARL <br>5.50%, 07/01/2032<sup>(a)</sup> | EUR | 100 | 120024 |
|  **Communications - Media – 0.1%** |  |  |  |
|  Discovery Communications LLC <br>5.30%, 05/15/2049 | U.S.$| 29 | 19213 |
|  VZ Vendor Financing II BV <br>2.875%, 01/15/2029<sup>(a)</sup> | EUR | 320 | 342254 |
|  Warnermedia Holdings, Inc. <br>5.141%, 03/15/2052 | U.S.$| 22 | 15850 |
|  |  |  | 377317 |
|  **Communications - Telecommunications – 0.1%** |  |  |  |
|  Altice France SA <br>3.375%, 01/15/2028<sup>(h)</sup> | EUR | 173 | 169032 |
|  **Consumer Cyclical - Automotive – 0.1%** |  |  |  |
|  Nissan Motor Acceptance Co. LLC<br>1.85%, 09/16/2026<sup>(a)</sup> | U.S.$| 143 | 136528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.30%, 09/13/2027<sup>(a)</sup> |  | 59 | 57921 |
|  ZF Finance GmbH <br>Series E <br>2.00%, 05/06/2027<sup>(a)</sup> | EUR | 100 | 111571 |
|  |  |  | 306020 |
|  **Consumer Cyclical - Other – 0.1%** |  |  |  |
|  Hilton Domestic Operating Co., Inc. <br>5.875%, 04/01/2029<sup>(a)</sup> | U.S.$| 122 | 124613 |
|  Standard Industries, Inc./NY <br>4.75%, 01/15/2028<sup>(a)</sup> |  | 120 | 118739 |
|  Travel & Leisure Co. <br>6.625%, 07/31/2026<sup>(a)</sup> |  | 40 | 40410 |
|  |  |  | 283762 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Consumer Cyclical - Restaurants – 0.0%** |  |  |  |
|  1011778 BC ULC/New Red Finance, Inc. <br>3.875%, 01/15/2028<sup>(a)</sup> | U.S.$| 40 | $38950 |
|  **Consumer Cyclical - Retailers – 0.0%** |  |  |  |
|  FirstCash, Inc. <br>4.625%, 09/01/2028<sup>(a)</sup> |  | 40 | 39280 |
|  **Consumer Non-Cyclical – 0.3%** |  |  |  |
|  CVS Health Corp.<br>6.75%, 12/10/2054 |  | 19 | 19085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 7.00%, 03/10/2055 |  | 242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250112 |
|  Opal Bidco SAS <br>5.50%, 03/31/2032<sup>(a)</sup> | EUR | 129 | 155069 |
|  Organon & Co./Organon Foreign Debt Co-Issuer BV<br>2.875%, 04/30/2028<sup>(a)</sup> |  | 200 | 229828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.125%, 04/30/2028<sup>(a)</sup> | U.S.$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | 192238 |
|  Tenet Healthcare Corp. <br>5.125%, 11/01/2027 |  | 79 | 78843 |
|  |  |  | 925175 |
|  **Energy – 0.1%** |  |  |  |
|  NuStar Logistics LP <br>6.00%, 06/01/2026 |  | 28 | 28110 |
|  Sunoco LP/Sunoco Finance Corp. <br>7.00%, 09/15/2028<sup>(a)</sup> |  | 137 | 141191 |
|  Venture Global Plaquemines LNG LLC <br>6.50%, 01/15/2034<sup>(a)</sup> |  | 237 | 237000 |
|  |  |  | 406301 |
|  **Services – 0.0%** |  |  |  |
|  Clarivate Science Holdings Corp. <br>3.875%, 07/01/2028<sup>(a)</sup> |  | 53 | 50787 |
|  Prime Security Services Borrower LLC/Prime Finance, Inc. <br>3.375%, 08/31/2027<sup>(a)</sup> |  | 30 | 29022 |
|  |  |  | 79809 |
|  **Transportation - Airlines – 0.1%** |  |  |  |
|  American Airlines, Inc./AAdvantage Loyalty IP Ltd. <br>5.75%, 04/20/2029<sup>(a)</sup> |  | 81 | 81188 |
|  JetBlue Airways Corp./JetBlue Loyalty LP <br>9.875%, 09/20/2031<sup>(a)</sup> |  | 135 | 131420 |
|  |  |  | 212608 |
|  |  |  | 2958278 |
|  **Utility – 0.1%** |  |  |  |
|  **Electric – 0.1%** |  |  |  |
|  Vistra Corp. <br>7.00%, 12/15/2026<sup>(a) (c)</sup> |  | 384 | 388623 |
|  Total Corporates - Non-Investment Grade <br>(cost $3,360,070) |  |  | 3346901 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **GOVERNMENTS - SOVEREIGN AGENCIES – 0.9%** |  |  |  |
|  **Belgium – 0.1%** |  |  |  |
|  Dexia SA <br>Series E <br>0.00%, 01/21/2028<sup>(a)</sup> | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222423 |
|  **Canada – 0.2%** |  |  |  |
|  Canada Housing Trust No. 1<br>3.55%, 09/15/2032<sup>(a)</sup> | CAD | 535 | 398957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.25%, 03/15/2034<sup>(a)</sup> |  | 270 | 209510 |
|  |  |  | 608467 |
|  **France – 0.2%** |  |  |  |
|  SNCF Reseau <br>Series E <br>1.125%, 05/25/2030<sup>(a)</sup> | EUR | 500 | 544484 |
|  **Kazakhstan – 0.1%** |  |  |  |
|  Baiterek National Managing Holding JSC <br>5.45%, 05/08/2028<sup>(a)</sup> | U.S.$| 200 | 202148 |
|  **Netherlands – 0.3%** |  |  |  |
|  BNG Bank NV <br>3.50%, 07/19/2027 | AUD | 1773 | 1164112 |
|  Total Governments - Sovereign Agencies <br>(cost $2,659,593) |  |  | 2741634 |
|  **COLLATERALIZED LOAN OBLIGATIONS – 0.8%** |  |  |  |
|  **CLO - Floating Rate – 0.8%** |  |  |  |
|  AIMCO CLO <br>Series 2015-AA, Class AR3 <br>5.53% (CME Term SOFR 3 Month + 1.25%), 10/17/2034<sup>(a) (d)</sup> | U.S.$| 280 | 280219 |
|  Allegro CLO XI Ltd. <br>Series 2019-2A, Class BR <br>6.169% (CME Term SOFR 3 Month + 1.90%), 01/19/2033<sup>(a) (d)</sup> |  | 273 | 272885 |
|  Ballyrock CLO 17 Ltd. <br>Series 2021-17A, Class A1A <br>5.681% (CME Term SOFR 3 Month + 1.41%), 10/20/2034<sup>(a) (d)</sup> |  | 250 | 250076 |
|  Clover CLO LLC <br>Series 2021-3A, Class BR <br>5.732% (CME Term SOFR 3 Month + 1.45%), 01/25/2035<sup>(a) (d)</sup> |  | 250 | 250341 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Dryden 87 CLO Ltd. <br>Series 2021-87A, Class A1 <br>5.684% (CME Term SOFR 3 Month + 1.36%), 05/20/2034<sup>(a) (d)</sup> | U.S.$| 125 | $125063 |
|  Kings Park CLO Ltd. <br>Series 2021-1A, Class A <br>5.661% (CME Term SOFR 3 Month + 1.39%), 01/21/2035<sup>(a) (d)</sup> |  | 250 | 250070 |
|  Magnetite XIX Ltd. <br>Series 2017-19A, Class B1RR <br>5.73% (CME Term SOFR 3 Month + 1.45%), 04/17/2034<sup>(a) (d)</sup> |  | 250 | 249889 |
|  Neuberger Berman Loan Advisers CLO 42 Ltd. <br>Series 2021-42A, Class AR <br>5.211% (CME Term SOFR 3 Month + 0.95%), 07/16/2035<sup>(a) (d)</sup> |  | 250 | 249250 |
|  OCP CLO Ltd. <br>Series 2021-23A, Class BR <br>5.832% (CME Term SOFR 3 Month + 1.55%), 01/17/2037<sup>(a) (d)</sup> |  | 250 | 249375 |
|  Pikes Peak CLO 15 2023 Ltd. <br>Series 2023-15A, Class A1 <br>6.019% (CME Term SOFR 3 Month + 1.75%), 10/20/2036<sup>(a) (d)</sup> |  | 250 | 250611 |
|  Total Collateralized Loan Obligations <br>(cost $2,426,706) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2427779 |
|  | **Notional<br>Amount** | **Notional<br>Amount** |  |
|  **PURCHASED OPTIONS - PUTS – 0.7%** |  |  |  |
|  **Options on Equity Indices – 0.7%** |  |  |  |
|  Euro STOXX 50 Price EUR Index <br>Expiration: Feb 2026; Contracts: 1,460;<br>Exercise Price: EUR 4,600.00; <br>Counterparty: UBS AG<sup>(j)</sup> | EUR | 6716000 | 141988 |
|  Euro STOXX 50 Price EUR Index <br>Expiration: Feb 2026; Contracts: 440;<br>Exercise Price: EUR 4,600.00; <br>Counterparty: UBS AG<sup>(j)</sup> | EUR | 2024000 | 42791 |
|  FTSE 100 Index <br>Expiration: Jun 2026; Contracts: 460;<br>Exercise Price: GBP 7,600.00; <br>Counterparty: UBS AG<sup>(j)</sup> | GBP | 3496000 | 76229 |
|  Nikkei 225 Index <br>Expiration: Jun 2026; Contracts: 31,000;<br>Exercise Price: JPY 30,750.00; <br>Counterparty: UBS AG<sup>(j)</sup> | JPY | 953250000 | 143828 |
|  S&P 500 Index <br>Expiration: Jun 2026; Contracts: 17,400;<br>Exercise Price: USD 5,075.00; <br>Counterparty: UBS AG<sup>(j)</sup> | USD | 88305000 | 1918746 |
|  Total Purchased Options - Puts <br>(premiums paid $2,645,704) |  |  | 2323582 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **COVERED BONDS – 0.7%** |  |  |  |
|  BPCE SFH SA <br>Series E <br>0.01%, 01/29/2029<sup>(a)</sup> | EUR | 400 | $431978 |
|  Caisse de Refinancement de l'Habitat SA <br>2.75%, 04/12/2028<sup>(a)</sup> |  | 200 | 238033 |
|  Caisse Francaise de Financement Local SA <br>3.25%, 02/19/2029<sup>(a)</sup> |  | 400 | 482465 |
|  Credit Agricole Home Loan SFH SA <br>Series E <br>0.875%, 08/31/2027<sup>(a)</sup> |  | 300 | 343194 |
|  Credit Mutuel Home Loan SFH SA <br>Series E <br>3.25%, 10/31/2029<sup>(a)</sup> |  | 100 | 120919 |
|  National Australia Bank Ltd. <br>0.01%, 01/06/2029<sup>(a)</sup> |  | 461 | 497366 |
|  Santander UK PLC <br>Series E <br>3.00%, 03/12/2029<sup>(a)</sup> |  | 145 | 173676 |
|  Total Covered Bonds <br>(cost $2,131,516) |  |  | 2287631 |
|  **EMERGING MARKETS - CORPORATE BONDS – 0.6%** |  |  |  |
|  **Industrial – 0.5%** |  |  |  |
|  **Basic – 0.2%** |  |  |  |
|  Braskem Netherlands Finance BV <br>4.50%, 01/10/2028<sup>(a)</sup> | U.S.$| 200 | 171740 |
|  Periama Holdings LLC/DE <br>5.95%, 04/19/2026<sup>(a)</sup> |  | 200 | 199882 |
|  Stillwater Mining Co. <br>4.00%, 11/16/2026<sup>(a)</sup> |  | 200 | 194344 |
|  Volcan Cia Minera SAA <br>8.75%, 01/24/2030<sup>(a)</sup> |  | 112 | 110950 |
|  |  |  | 676916 |
|  **Communications - Media – 0.1%** |  |  |  |
|  Globo Comunicacao e Participacoes SA <br>4.875%, 01/22/2030<sup>(a)</sup> |  | 229 | 215936 |
|  **Energy – 0.2%** |  |  |  |
|  Ecopetrol SA<br>8.375%, 01/19/2036 |  | 49 | 47199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 8.625%, 01/19/2029 |  | 253 | 267264 |
|  Oleoducto Central SA <br>4.00%, 07/14/2027<sup>(a)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528 | 512931 |
|  |  |  | 827394 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1720246 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Utility – 0.1%** |  |  |  |
|  **Electric – 0.0%** |  |  |  |
|  Terraform Global Operating LP <br>6.125%, 03/01/2026<sup>(a)</sup> | U.S.$| 41 | $40795 |
|  **Other Utility – 0.1%** |  |  |  |
|  Aegea Finance SARL <br>6.75%, 05/20/2029<sup>(a)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200 | 199775 |
|  |  |  | 240570 |
|  Total Emerging Markets - Corporate Bonds <br>(cost $1,957,153) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1960816 |
|  **LOCAL GOVERNMENTS - US MUNICIPAL BONDS – 0.6%** |  |  |  |
|  **United States – 0.6%** |  |  |  |
|  California Earthquake Authority<br> (California Earthquake Authority) <br>Series 2022-A <br>5.603%, 07/01/2027 |  | 110 | 111169 |
|  Commonwealth Financing Authority<br> (Commonwealth of Pennsylvania Dept. of Education State Lease) <br>Series 2016-A <br>4.144%, 06/01/2038 |  | 80 | 73786 |
|  State Board of Administration Finance Corp.<br> (Florida Hurricane Catastrophe Fund)<br>Series 2020-A<br>1.705%, 07/01/2027 |  | 652 | 620934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.154%, 07/01/2030 |  | 224 | 200424 |
|  University of California<br> (University of California) <br>Series 2021-B <br>3.071%, 05/15/2051 |  | 1130 | 747524 |
|  Total Local Governments - US Municipal Bonds <br>(cost $2,152,995) |  |  | 1753837 |
|  **GOVERNMENTS - SOVEREIGN BONDS – 0.4%** |  |  |  |
|  **Chile – 0.1%** |  |  |  |
|  Chile Electricity Lux MPC II SARL <br>5.672%, 10/20/2035<sup>(a)</sup> |  | 400 | 403300 |
|  Chile Government International Bond <br>3.75%, 01/14/2032 | EUR | 117 | 140200 |
|  |  |  | 543500 |
|  **Colombia – 0.1%** |  |  |  |
|  Colombia Government International Bond <br>8.00%, 11/14/2035 | U.S.$| 200 | 201250 |
|  **Hong Kong – 0.1%** |  |  |  |
|  Hong Kong Government International Bond<br>Series G<br>3.15%, 07/24/2054<sup>(a)</sup> | CNH | 1000 | 155453 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.30%, 06/07/2033<sup>(a)</sup> | CNH | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;152083 |
|  |  |  |  | 307536 |
|  **Indonesia – 0.1%** | **Indonesia – 0.1%** | **Indonesia – 0.1%** | **Indonesia – 0.1%** | **Indonesia – 0.1%** |
|  Indonesia Government International Bond <br>1.40%, 10/30/2031 | EUR | 210 |  | 218806 |
|  **Panama – 0.0%** | **Panama – 0.0%** | **Panama – 0.0%** | **Panama – 0.0%** | **Panama – 0.0%** |
|  Panama Government International Bond <br>9.375%, 04/01/2029 | U.S.$| 85 |  | 95753 |
|  Total Governments - Sovereign Bonds <br>(cost $1,307,749) |  |  |  | 1366845 |
|  **AGENCIES – 0.4%** | **AGENCIES – 0.4%** | **AGENCIES – 0.4%** | **AGENCIES – 0.4%** | **AGENCIES – 0.4%** |
|  **Agency Debentures – 0.4%** | **Agency Debentures – 0.4%** | **Agency Debentures – 0.4%** | **Agency Debentures – 0.4%** | **Agency Debentures – 0.4%** |
|  Federal Home Loan Banks<br>4.00%, 06/30/2028 |  | 865 |  | 871972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.75%, 12/08/2028 |  | 265 |  | 272865 |
|  Total Agencies <br>(cost $1,132,567) | Total Agencies <br>(cost $1,132,567) | Total Agencies <br>(cost $1,132,567) |  | 1144837 |
|  **QUASI-SOVEREIGNS – 0.3%** |  |  |  |  |
|  **Quasi-Sovereign Bonds – 0.3%** |  |  |  |  |
|  **Chile – 0.1%** | **Chile – 0.1%** | **Chile – 0.1%** | **Chile – 0.1%** | **Chile – 0.1%** |
|  Corp. Nacional del Cobre de Chile <br>5.95%, 01/08/2034<sup>(a)</sup> |  | 200 |  | 203750 |
|  **China – 0.0%** | **China – 0.0%** | **China – 0.0%** | **China – 0.0%** | **China – 0.0%** |
|  Agricultural Development Bank of China <br>3.80%, 10/27/2030<sup>(a)</sup> | CNH | 1000 |  | 154523 |
|  **Hong Kong – 0.1%** | **Hong Kong – 0.1%** | **Hong Kong – 0.1%** | **Hong Kong – 0.1%** | **Hong Kong – 0.1%** |
|  Airport Authority <br>Series E <br>2.93%, 06/05/2034<sup>(a)</sup> |  | 1670 |  | 241126 |
|  Hong Kong Mortgage Corp., Ltd. (The) <br>Series E <br>2.60%, 10/18/2031<sup>(a)</sup> |  | 2000 |  | 282465 |
|  |  |  |  | 523591 |
|  **Mexico – 0.1%** | **Mexico – 0.1%** | **Mexico – 0.1%** | **Mexico – 0.1%** | **Mexico – 0.1%** |
|  Petroleos Mexicanos<br>6.35%, 02/12/2048 | U.S.$| 120 |  | 83508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.50%, 03/13/2027 |  | 78 |  | 77454 |
|  |  |  |  | 160962 |
|  Total Quasi-Sovereigns <br>(cost $1,012,439) |  |  |  | 1042826 |
|  **SUPRANATIONALS – 0.3%** | **SUPRANATIONALS – 0.3%** | **SUPRANATIONALS – 0.3%** | **SUPRANATIONALS – 0.3%** | **SUPRANATIONALS – 0.3%** |
|  European Union<br>Series UFA<br>4.00%, 04/04/2044<sup>(a)</sup> | EUR | 496 |  | 610012 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.375%, 10/05/2054<sup>(a)</sup> | EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;390 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417742 |
|  Total Supranationals <br>(cost $984,812) |  |  |  | 1027754 |
|  **LOCAL GOVERNMENTS - PROVINCIAL BONDS – 0.2%** | **LOCAL GOVERNMENTS - PROVINCIAL BONDS – 0.2%** | **LOCAL GOVERNMENTS - PROVINCIAL BONDS – 0.2%** |  |  |
|  **Canada – 0.2%** | **Canada – 0.2%** | **Canada – 0.2%** | **Canada – 0.2%** | **Canada – 0.2%** |
|  Hydro Quebec Interest Strip<br>Zero Coupon, 08/15/2041 | CAD | 118 |  | 42027 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/15/2042 |  | 118 |  | 41196 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/15/2042 |  | 118 |  | 39928 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 02/15/2044 |  | 118 |  | 36976 |
|  Province of Ontario Generic Coupon Strip<br>Zero Coupon, 12/02/2038 |  | 119 |  | 48968 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/02/2039 |  | 119 |  | 47846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/02/2040 |  | 119 |  | 45319 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/02/2040 |  | 118 |  | 43829 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/02/2041 |  | 118 |  | 42684 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 12/02/2041 |  | 119 |  | 41940 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 06/02/2042 |  | 119 |  | 40665 |
|  Total Local Governments - Provincial Bonds <br>(cost $477,953) | Total Local Governments - Provincial Bonds <br>(cost $477,953) | Total Local Governments - Provincial Bonds <br>(cost $477,953) |  | 471378 |
|  **EMERGING MARKETS - SOVEREIGNS – 0.1%** | **EMERGING MARKETS - SOVEREIGNS – 0.1%** | **EMERGING MARKETS - SOVEREIGNS – 0.1%** |  |  |
|  **Dominican Republic – 0.1%** | **Dominican Republic – 0.1%** | **Dominican Republic – 0.1%** | **Dominican Republic – 0.1%** | **Dominican Republic – 0.1%** |
|  Dominican Republic International Bond <br>5.95%, 01/25/2027<sup>(a)</sup> <sup></sup>(cost $218,185) | U.S.$| 221 |  | 222989 |
|  **LOCAL GOVERNMENTS - CANADIAN MUNICIPAL BONDS – 0.0%** | **LOCAL GOVERNMENTS - CANADIAN MUNICIPAL BONDS – 0.0%** | **LOCAL GOVERNMENTS - CANADIAN MUNICIPAL BONDS – 0.0%** |  |  |
|  **Canada – 0.0%** | **Canada – 0.0%** | **Canada – 0.0%** | **Canada – 0.0%** | **Canada – 0.0%** |
|  City of Calgary Canada <br>4.20%, 06/01/2034 <br>(cost $51,968) | CAD | 70 |  | 52802 |
|  | **Shares** | **Shares** |  |  |
|  **SHORT-TERM INVESTMENTS – 15.9%** |  |  |  |  |
|  **Investment Companies – 13.9%** | **Investment Companies – 13.9%** | **Investment Companies – 13.9%** | **Investment Companies – 13.9%** | **Investment Companies – 13.9%** |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.17%<sup>(e) (f) (k)</sup> <br>(cost $42,970,115) |  | 42970115 |  | 42970115 |
|  | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** |  |  |
|  **U.S. Treasury Bills – 1.6%** |  |  |  |  |
|  U.S. Treasury Bill<br>Zero Coupon, 07/03/2025 | U.S.$| 1221 |  | 1220415 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 08/14/2025 |  | 2381 |  | 2368656 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 09/04/2025 |  | 1455 |  | 1443809 |
|  Total U.S. Treasury Bills <br>(cost $5,033,046) | Total U.S. Treasury Bills <br>(cost $5,033,046) | Total U.S. Treasury Bills <br>(cost $5,033,046) |  | 5032880 |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Treasury Bills – 0.4%** |  |  |  |
|  **Japan – 0.4%** | **Japan – 0.4%** | **Japan – 0.4%** | **Japan – 0.4%** |
|  Japan Treasury Discount Bill <br>Series 1315 <br>Zero Coupon, 09/29/2025 <br>(cost $1,279,066) | JPY | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185350 | $1285705 |
|  Total Short-Term Investments <br>(cost $49,282,227) | Total Short-Term Investments <br>(cost $49,282,227) | Total Short-Term Investments <br>(cost $49,282,227) | 49288700 |
|  **Total Investments – 105.2%** <br>(cost $325,258,476)<sup>(l)</sup> |  |  | 326168359 |
|  Other assets less liabilities – (5.2)% |  |  | (16138185) |
|  **Net Assets – 100.0%** |  |  | $**310030174** |

---

**FUTURES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number<br>of<br>Contracts** | **Expiration<br>Month** | **Current<br>Notional** | **Value and<br>Unrealized<br>Appreciation<br>(Depreciation)** |
| **Purchased Contracts** |  |  |  |  |
| Australian 10 Yr Bond Futures | 19 | September 2025 | $1433297 | $11457 |
| Canadian 5 Yr Bond Futures | 30 | September 2025 | 2513898 | 10531 |
| E-Mini Russell 2000 Index Futures | 41 | September 2025 | 4492985 | 99752 |
| Euro STOXX 50 Index Futures | 30 | September 2025 | 1882483 | (5696) |
| Euro-BOBL Futures | 3 | September 2025 | 415864 | (1594) |
| Euro-BTP Futures | 8 | September 2025 | 1140256 | 2511 |
| Euro-OAT Futures | 13 | September 2025 | 1896406 | (13338) |
| FTSE 100 Index Futures | 5 | September 2025 | 603245 | (8088) |
| Long Gilt Futures | 18 | September 2025 | 2298557 | 54085 |
| Mini Japan 10 Yr Government Bond Futures | 6 | September 2025 | 579563 | 1895 |
| MSCI Singapore ETS Index Futures | 4 | July 2025 | 129375 | 2264 |
| Nikkei 225 (OSE) Futures | 4 | September 2025 | 1125239 | 68282 |
| S&P 500 E-Mini Futures | 250 | September 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78171875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2769347 |
| S&P Mid 400 E-Mini Futures | 10 | September 2025 | 3125500 | 94478 |
| TOPIX Index Futures | 3 | September 2025 | 594875 | 14460 |
| U.S. T-Note 2 Yr (CBT) Futures | 222 | September 2025 | 46181203 | 147827 |
| U.S. T-Note 5 Yr (CBT) Futures | 284 | September 2025 | 30956000 | 406820 |
| **Sold Contracts** |  |  |  |  |
| Australian 3 Yr Bond Futures | 8 | September 2025 | 567278 | (1601) |
| Australian 10 Yr Bond Futures | 22 | September 2025 | 1659607 | (10489) |
| Canadian 10 Yr Bond Futures | 1 | September 2025 | 89591 | (552) |
| Euro Buxl 30 Yr Bond Futures | 2 | September 2025 | 279740 | 4757 |
| Euro STOXX 50 Index Futures | 9 | September 2025 | 564745 | 1746 |
| Euro-Bund Futures | 16 | September 2025 | 2452964 | 5077 |
| Euro-Schatz Futures | 7 | September 2025 | 884346 | 1352 |
| FTSE 100 Index Futures | 18 | September 2025 | 2171683 | 29096 |
| Japan 10 Yr Bond (OSE) Futures | 8 | September 2025 | 7723065 | (20174) |
| MSCI Emerging Markets Index Futures | 14 | September 2025 | 863450 | (18089) |
| OMXS 30 Index Futures | 9 | July 2025 | 237155 | (3563) |
| S&P/TSX 60 Index Futures | 4 | September 2025 | 939967 | (7877) |
| SPI 200 Futures | 3 | September 2025 | 421397 | 376 |
| U.S. 10 Yr Ultra Futures | 51 | September 2025 | 5827547 | (89383) |
| U.S. Long Bond (CBT) Futures | 6 | September 2025 | 692813 | (14962) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number<br>of<br>Contracts** | **Expiration<br>Month** | **Current<br>Notional** | **Value and<br>Unrealized<br>Appreciation<br>(Depreciation)** |
| U.S. T-Note 2 Yr (CBT) Futures | 13 | September 2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2704305 | $(12065) |
| U.S. T-Note 10 Yr (CBT) Futures | 29 | September 2025 | 3251625 | (51113) |
| U.S. Ultra Bond (CBT) Futures | 13 | September 2025 | 1548625 | (42004) |
|  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3425525 |

---

**FORWARD CURRENCY EXCHANGE CONTRACTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to**<br> **Deliver**<br> **(000)** | **Contracts to**<br> **Deliver**<br> **(000)** | **In Exchange**<br> **For**<br> **(000)** | **In Exchange**<br> **For**<br> **(000)** | **Settlement**<br> **Date** | **Unrealized**<br> **Appreciation<br>(Depreciation)** |
| Bank of America NA | BRL | 902 | USD | 165 | 07/02/2025 | $(730) |
| Bank of America NA | USD | 162 | BRL | 902 | 07/02/2025 | 3937 |
| Bank of America NA | CHF | 6215 | USD | 7618 | 07/09/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(222336) |
| Bank of America NA | KRW | 1524699 | USD | 1059 | 07/17/2025 | (69317) |
| Bank of America NA | USD | 220 | KRW | 302092 | 07/17/2025 | 3663 |
| Bank of America NA | BRL | 902 | USD | 161 | 08/04/2025 | (3878) |
| Barclays Capital, Inc. | USD | 1676 | CHF | 1365 | 07/09/2025 | 46214 |
| Barclays Capital, Inc. | GBP | 1606 | USD | 2173 | 07/16/2025 | (31445) |
| BNP Paribas SA | MXN | 23651 | USD | 1235 | 08/22/2025 | (18224) |
| Citibank NA | USD | 703 | COP | 2874291 | 07/15/2025 | (762) |
| Citibank NA | EUR | 6181 | USD | 6965 | 07/16/2025 | (322520) |
| Citibank NA | GBP | 3121 | USD | 4151 | 07/16/2025 | (133849) |
| Citibank NA | USD | 3599 | GBP | 2692 | 07/16/2025 | 97077 |
| Citibank NA | IDR | 7927907 | USD | 470 | 07/24/2025 | (19595) |
| Goldman Sachs Bank USA | USD | 513 | EUR | 455 | 07/09/2025 | 22993 |
| Goldman Sachs Bank USA | EUR | 9366 | USD | 10666 | 07/23/2025 | (382032) |
| Goldman Sachs Bank USA | MYR | 1577 | USD | 375 | 09/17/2025 | (544) |
| HSBC Bank USA | PEN | 779 | USD | 214 | 07/15/2025 | (6083) |
| HSBC Bank USA | USD | 163 | BRL | 910 | 08/04/2025 | 3406 |
| JPMorgan Chase Bank | EUR | 3292 | USD | 3669 | 07/09/2025 | (210621) |
| JPMorgan Chase Bank | USD | 198 | ZAR | 3538 | 08/07/2025 | 881 |
| JPMorgan Chase Bank | AUD | 4042 | USD | 2634 | 08/21/2025 | (29456) |
| JPMorgan Chase Bank | NZD | 2222 | USD | 1347 | 08/21/2025 | (9913) |
| Morgan Stanley Capital Services, Inc. | BRL | 902 | USD | 158 | 07/02/2025 | (7611) |
| Morgan Stanley Capital Services, Inc. | USD | 165 | BRL | 902 | 07/02/2025 | 730 |
| Morgan Stanley Capital Services, Inc. | EUR | 2293 | USD | 2614 | 07/09/2025 | (88400) |
| Morgan Stanley Capital Services, Inc. | USD | 10837 | EUR | 9502 | 07/09/2025 | 360608 |
| Morgan Stanley Capital Services, Inc. | COP | 2692677 | USD | 628 | 07/15/2025 | (29427) |
| Morgan Stanley Capital Services, Inc. | GBP | 3457 | USD | 4691 | 07/16/2025 | (54170) |
| Morgan Stanley Capital Services, Inc. | USD | 1724 | GBP | 1273 | 07/16/2025 | 23083 |
| Morgan Stanley Capital Services, Inc. | CNH | 31593 | USD | 4376 | 08/05/2025 | (48920) |
| Morgan Stanley Capital Services, Inc. | AUD | 2953 | USD | 1931 | 08/21/2025 | (14533) |
| Morgan Stanley Capital Services, Inc. | USD | 1662 | AUD | 2541 | 08/21/2025 | 12506 |
| Morgan Stanley Capital Services, Inc. | JPY | 1489441 | USD | 10231 | 08/27/2025 | (177298) |
| Morgan Stanley Capital Services, Inc. | USD | 8574 | CAD | 11596 | 08/28/2025 | (34001) |
| Morgan Stanley Capital Services, Inc. | SEK | 21791 | USD | 2304 | 09/04/2025 | (8634) |
| Standard Chartered Bank | PEN | 1617 | USD | 445 | 07/15/2025 | (11404) |
| Standard Chartered Bank | USD | 193 | IDR | 3150805 | 07/24/2025 | 1271 |
| State Street Bank & Trust Co. | EUR | 1345 | USD | 1532 | 07/09/2025 | (54337) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to**<br> **Deliver**<br> **(000)** | **Contracts to**<br> **Deliver**<br> **(000)** | **In Exchange**<br> **For**<br> **(000)** | **In Exchange**<br> **For**<br> **(000)** | **Settlement**<br> **Date** | **Unrealized**<br> **Appreciation<br>(Depreciation)** |
| State Street Bank & Trust Co. | USD | 4902 | EUR | 4295 | 07/09/2025 | $158515 |
| State Street Bank & Trust Co. | COP | &nbsp;&nbsp;&nbsp;&nbsp;524590 | USD | 125 | 07/15/2025 | (3277) |
| State Street Bank & Trust Co. | GBP | 1619 | USD | 2191 | 07/16/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(32052) |
| State Street Bank & Trust Co. | USD | 424 | GBP | 317 | 07/16/2025 | 11520 |
| State Street Bank & Trust Co. | PLN | 3446 | USD | 919 | 07/18/2025 | (37113) |
| State Street Bank & Trust Co. | USD | 191 | HUF | &nbsp;&nbsp;&nbsp;&nbsp;64959 | 07/18/2025 | 244 |
| State Street Bank & Trust Co. | THB | 8155 | USD | 246 | 07/24/2025 | (5602) |
| State Street Bank & Trust Co. | USD | 252 | THB | 8175 | 07/24/2025 | 335 |
| State Street Bank & Trust Co. | CNH | 1379 | USD | 192 | 08/07/2025 | (701) |
| State Street Bank & Trust Co. | USD | 839 | CNH | 6013 | 08/07/2025 | 3611 |
| State Street Bank & Trust Co. | AUD | 765 | USD | 501 | 08/21/2025 | (3648) |
| State Street Bank & Trust Co. | NZD | 15 | USD | 9 | 08/21/2025 | (28) |
| State Street Bank & Trust Co. | USD | 737 | NZD | 1217 | 08/21/2025 | 6006 |
| State Street Bank & Trust Co. | JPY | 113707 | USD | 777 | 08/27/2025 | (17715) |
| State Street Bank & Trust Co. | USD | 276 | JPY | 39808 | 08/27/2025 | 2661 |
| State Street Bank & Trust Co. | CAD | 282 | USD | 207 | 08/28/2025 | (91) |
| State Street Bank & Trust Co. | USD | 310 | CAD | 424 | 08/28/2025 | 2528 |
| UBS | USD | 1573 | AUD | 2410 | 08/21/2025 | 14865 |
| UBS | CAD | 11397 | USD | 8442 | 08/28/2025 | 48375 |
| UBS | USD | 3128 | NOK | 31690 | 09/04/2025 | 17326 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1247912) |

---

**CENTRALLY CLEARED CREDIT DEFAULT SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>June 30,<br>2025** | | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Buy Contracts** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-NAHY Series 44, 5 Year Index, 06/20/2030\* | (5.00)% | Quarterly | 3.18% | USD | 1376 | $(105555) | $(71809) | $(33746) |
| &nbsp;&nbsp;&nbsp;&nbsp; iTraxx Australia Series 43, 5 Year Index, 06/20/2030\* | (1.00) | Quarterly | 0.74 | USD | 4958 | (59821) | (55796) | (4025) |
| &nbsp;&nbsp;&nbsp;&nbsp; Malaysia, 12/20/2029\* | (1.00) | Quarterly | 0.42 | USD | 6590 | (159181) | (150006) | (9175) |
| **Sale Contracts** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-NAIG Series 44, 5 Year Index, 06/20/2030\* | 1.00 | Quarterly | 0.51 | USD | 4965 | 111478 | 93810 | 17668 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(213079) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(183801) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29278) |

---

*\** *Termination date* 

**CENTRALLY CLEARED INFLATION (CPI) SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** |<br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 2460 | 04/15/2026 | 2.530% | CPI# | Maturity | $15245 | $— | $15245 |
| USD | 6245 | 07/08/2027 | 2.770% | CPI# | Maturity | 132071 |  | 132071 |
| USD | 6245 | 07/08/2027 | 2.778% | CPI# | Maturity | 129635 |  | 129635 |
| USD | 4160 | 07/15/2027 | 2.753% | CPI# | Maturity | 82972 |  | 82972 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359923 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;359923 |

---

*#* *Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).* 

**CENTRALLY CLEARED INTEREST RATE SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 484 | 08/04/2025 | 1.950% | 1 Day SOFR | Annual | $12868 | $1159 | $11709 |
| USD | 1990 | 04/27/2026 | 1.570% | 1 Day SOFR | Annual | 48267 | 43717 | 4550 |
| USD | 840 | 10/04/2026 | 1.150% | 1 Day SOFR | Annual | 47304 | 30995 | 16309 |
| USD | 420 | 11/08/2026 | 1.450% | 1 Day SOFR | Annual | 20421 | 14765 | 5656 |
| USD | 420 | 11/09/2026 | 1.505% | 1 Day SOFR | Annual | 19811 | 14414 | 5397 |
| USD | 1040 | 04/04/2027 | 2.240% | 1 Day SOFR | Annual | 28491 | 33222 | (4731) |
| USD | 580 | 04/26/2027 | 2.110% | 1 Day SOFR | Annual | 16779 | 19788 | (3009) |
| USD | 10260 | 06/05/2027 | 0.343% | 1 Day SOFR | Annual | 633751 | 690374 | (56623) |
| USD | 6030 | 07/20/2027 | 1.885% | 1 Day SOFR | Annual | 348140 | 255458 | 92682 |
| USD | 1360 | 09/27/2029 | 1.300% | 1 Day SOFR | Annual | 145813 | 130646 | 15167 |
| USD | 1830 | 12/13/2029 | 1.537% | 1 Day SOFR | Annual | 170039 | 121255 | 48784 |
| CNY | 11433 | 02/20/2030 | China 7-Day<br>Reverse<br>Repo Rate | 1.616% | Quarterly | 9517 |  | 9517 |
| CNY | 10407 | 02/20/2030 | China 7-Day<br>Reverse<br>Repo Rate | 1.602% | Quarterly | 7762 |  | 7762 |
| CNY | 6221 | 04/03/2030 | China 7-Day<br>Reverse<br>Repo Rate | 1.591% | Quarterly | 4334 |  | 4334 |
| CNY | 5759 | 04/03/2030 | China 7-Day<br>Reverse<br>Repo Rate | 1.583% | Quarterly | 3701 |  | 3701 |
| USD | 15740 | 05/21/2031 | 1.395% | 1 Day SOFR | Annual | 1798535 | 1867256 | (68721) |
| NZD | 1088 | 03/18/2035 | 3 Month<br>BKBM | 4.153% | Quarterly/<br> Semi-Annual | 11981 |  | 11981 |
| NZD | 552 | 03/18/2035 | 3 Month<br>BKBM | 4.155% | Quarterly/<br> Semi-Annual | 6149 |  | 6149 |
| USD | 1010 | 11/10/2035 | 2.390% | 1 Day SOFR | Annual | 128203 | 102977 | 25226 |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3461866 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3326026 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135840 |

---

**TOTAL RETURN SWAPS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty & <br>Referenced Obligation** | **Rate Paid/<br>Received** | **Payment<br>Frequency** | **Current<br>Notional<br>(000)** | **Current<br>Notional<br>(000)** | **Maturity<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Pay Total Return on Reference Obligation** |  |  |  |  |  |  |
| Morgan Stanley Capital Services LLC |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Swiss Market Index Futures | 0.00% | Maturity | CHF | 476 | 09/19/2025 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10274 |

---

*(a)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At June 30, 2025, the aggregate market value of these securities amounted to $75,044,237 or 24.2% of net assets.* 

*(b)* *Position, or a portion thereof, has been segregated to collateralize margin requirements for open futures contracts.* 

*(c)* *Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date.* 

*(d)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at June 30, 2025.* 

*(e)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.* 

*(f)* *Affiliated investments.* 

*(g)* *Inverse interest only security.* 

*(h)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.49% of net assets as of June 30, 2025, are considered illiquid and restricted. Additional information regarding such securities follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *Altice France SA <br>3.375%, 01/15/2028* | *12/15/2021* | $*192757* | | $*169032* | | *0.05%* |
|  *GSF 2021 1 Issuer LLC 08/26<br>Series 2021-1, Class A1 <br>1.433%, 08/15/2026* | *09/15/2021-08/03/2023* | *266087* | | *276682* | | *0.09%* |
|  *GSF 2021 1 Issuer LLC 08/26<br>Series 2021-1, Class A2 <br>2.435%, 08/15/2026* | *02/25/2021-09/06/2022* | *1079121* | | *1060813* | | *0.34%* |
|  *GSF 2021 1 Issuer LLC 08/26<br>Series 2021-1, Class AS <br>2.638%, 08/15/2026* | *02/25/2021-04/01/2021* | *39247* | | *38286* | | *0.01%* |
|  *HFX Funding <br>Series 2017-1A, Class A3 <br>3.647%, 03/15/2035* | *11/19/2020* | *95291* | | *11328* | | *0.00%* |

---

*(i)* *IO - Interest Only.* 

*(j)* *Non-income producing security.* 

*(k)* *The rate shown represents the 7-day yield as of period end.* 

*(l)* *As of June 30, 2025, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $14,920,385 and gross unrealized depreciation of investments was $(11,356,130), resulting in net unrealized appreciation of $3,564,255.* 

*Currency Abbreviations:* 

*AUD – Australian Dollar* 

*BRL – Brazilian Real* 

*CAD – Canadian Dollar* 

*CHF – Swiss Franc* 

*CNH – Chinese Yuan Renminbi (Offshore)* 

*CNY – Chinese Yuan Renminbi* 

*COP – Colombian Peso* 

*EUR – Euro* 

*GBP – Great British Pound* 

*HUF – Hungarian Forint* 

*IDR – Indonesian Rupiah* 

*JPY – Japanese Yen* 

*KRW – South Korean Won* 

*MXN – Mexican Peso* 

*MYR – Malaysian Ringgit* 

*NOK – Norwegian Krone* 

*NZD – New Zealand Dollar* 

*PEN – Peruvian Sol* 

*PLN – Polish Zloty* 

*SEK – Swedish Krona* 

*THB – Thailand Baht* 

*USD – United States Dollar* 

*ZAR – South African Rand* 

*Glossary:* 

*ABS – Asset-Backed Securities* 

*BKBM – Bank Bill Benchmark (New Zealand)* 

*BOBL – Bundesobligationen* 

*BTP – Buoni del Tesoro Poliennali* 

*CBT – Chicago Board of Trade* 

*CDX-NAHY – North American High Yield Credit Default Swap Index* 

*CDX-NAIG – North American Investment Grade Credit Default Swap Index* 

*CLO – Collateralized Loan Obligations* 

*CMBS – Commercial Mortgage-Backed Securities* 

*CME – Chicago Mercantile Exchange* 

*EAFE – Europe, Australia, and Far East* 

*ETF – Exchange Traded Fund* 

*ETS – Emission Trading Scheme* 

*FTSE – Financial Times Stock Exchange* 

*MSCI – Morgan Stanley Capital International* 

*OAT – Obligations Assimilables du Trésor* 

*OMXS – Stockholm Stock Exchange* 

*OSE – Osaka Securities Exchange* 

*REIT – Real Estate Investment Trust* 

*REMICs – Real Estate Mortgage Investment Conduits* 

*SOFR – Secured Overnight Financing Rate* 

*SPI – Share Price Index* 

*TBA – To Be Announced* 

*TIPS – Treasury Inflation Protected Security* 

*TOPIX – Tokyo Price Index* 

TSX – Toronto Stock Exchange

**Sanford C. Bernstein Fund, Inc.** 

**Overlay B Portfolio** 

**June 30, 2025 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Portfolio. Unobservable inputs reflect the Portfolio's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Portfolio's own assumptions in determining the fair value
of investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

Options are valued using market-based inputs to models, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency, where such inputs and models are available. Alternatively the values may be obtained through unobservable management determined inputs and/or management's proprietary models. Where models are used, the selection of a particular model to value an option depends upon the contractual terms of, and specific risks inherent in, the option as well as the availability of pricing information in the market. Valuation models require a variety of inputs, including contractual terms, market prices, measures of volatility and correlations of such inputs. Exchange traded options generally will be classified as Level 2. For options that do not trade on exchange but trade in liquid markets, inputs can generally be verified and model selection does not involve significant management judgment. Options are classified within Level 2 on the fair value hierarchy when all of the significant inputs can be corroborated to market evidence. Otherwise such instruments are classified as Level 3.

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

The following table summarizes the valuation of the Portfolio's investments by the above fair value hierarchy levels as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Governments - Treasuries | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59304852 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59304852 |
| Inflation-Linked Securities |  | 50257405 |  | 50257405 |
| Corporates - Investment Grade |  | 47437822 |  | 47437822 |
| Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40195353 |  |  | 40195353 |
| Mortgage Pass-Throughs |  | 28538210 |  | 28538210 |
| Asset-Backed Securities |  | 12370464 |  | 12370464 |
| Collateralized Mortgage Obligations |  | 10151804 |  | 10151804 |
| Commercial Mortgage-Backed Securities |  | 6452138 |  | 6452138 |
| Corporates - Non-Investment Grade |  | 3346901 |  | 3346901 |
| Governments - Sovereign Agencies |  | 2741634 |  | 2741634 |
| Collateralized Loan Obligations |  | 2427779 |  | 2427779 |
| Purchased Options - Puts |  | 2323582 |  | 2323582 |
| Covered Bonds |  | 2287631 |  | 2287631 |
| Emerging Markets - Corporate Bonds |  | 1960816 |  | 1960816 |
| Local Governments - US Municipal Bonds |  | 1753837 |  | 1753837 |
| Governments - Sovereign Bonds |  | 1366845 |  | 1366845 |
| Agencies |  | 1144837 |  | 1144837 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Quasi-Sovereigns |  | 1042826 |  | 1042826 |
| Supranationals |  | 1027754 |  | 1027754 |
| Local Governments - Provincial Bonds |  | 471378 |  | 471378 |
| Emerging Markets - Sovereigns |  | 222989 |  | 222989 |
| Local Governments - Canadian Municipal Bonds |  | 52802 |  | 52802 |
| Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | 42970115 |  |  | 42970115 |
| &nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills |  | 5032880 |  | 5032880 |
| &nbsp;&nbsp;&nbsp;&nbsp; Treasury Bills |  | 1285705 |  | 1285705 |
| Total Investments in Securities | 83165468 | 243002891 |  | 326168359 |
| **Other Financial Instruments<sup>(a)</sup>:** |  |  |  |  |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Futures | 3726113 |  |  | 3726113 |
| Forward Currency Exchange Contracts |  | 842355 |  | 842355 |
| Centrally Cleared Credit Default Swaps |  | 111478 |  | 111478 |
| Centrally Cleared Inflation (CPI) Swaps |  | 359923 |  | 359923 |
| Centrally Cleared Interest Rate Swaps |  | 3461866 |  | 3461866 |
| Total Return Swaps |  | 10274 |  | 10274 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Futures | (300588) |  |  | (300588) |
| Forward Currency Exchange Contracts |  | (2090267) |  | (2090267) |
| Centrally Cleared Credit Default Swaps |  | (324557) |  | (324557) |
| **Total** | $**86590993** | $**245373963** | $**—** | $**331964956** |

---

*<sup>(a)</sup>* *Other financial instruments include derivative instruments, such as futures, forwards and swaps. Derivative instruments are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

A summary of the Portfolio's transactions in AB mutual funds for the nine months ended June 30, 2025 is as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | | | | **Distributions** | **Distributions** |
| <br>**Fund** |<br>**Market<br>Value**<br> **09/30/2024**<br> **(000)** |<br>**Purchases**<br> **at Cost**<br> **(000)** |<br>**Sales**<br> **Proceeds**<br> **(000)** |<br>**Realized**<br> **Gain<br>(Loss)**<br> **(000)** |<br>**Change**<br> **in**<br> **Unrealized**<br> **Appr./**<br> **(Depr.)**<br> **(000)** |<br>**Market<br>Value**<br> **06/30/2025**<br> **(000)** | **Dividend<br>Income**<br> **(000)** | **Realized**<br> **Gains**<br> **(000)** |
| AB Bond Fund, Inc. - AB All Market Real Return Portfolio | $12826 | $313 | $2145 | $2 | $78 | $11074 | $313 | $0 |
| AB Government Money Market Portfolio | 27538 | 174218 | 158786 | 0 | 0 | 42970 | 1568 | 0 |
| Total | $40364 | $174531 | $160931 | $2 | $78 | $54044 | $1881 | $0 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BERNSTEIN SANFORD C FUND INC

- **b. Investment Company Act file number:** 811-05555

- **c. CIK number of Registrant:** 0000832808

- **d. LEI of Registrant:** 549300GA5IHQHIM7CU60

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** Overlay B Portfolio

- **b. EDGAR series identifier (if any):** S000027649

- **c. LEI of Series:** IKSIY75X3JGN52ZWUI76

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $331692213.61

**Total Liabilities:** $21914905.06

**Net Assets:** $309777308.55

**Delayed Delivery Securities:** $651754.96

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -208.09000000 | **1-Year:** -4974.36000000 | **5-Year:** -13498.48000000 | **10-Year:** -8189.91000000 | **30-Year:** -1500.76000000

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

- **3-Month:** -90.57000000 | **1-Year:** -1389.72000000 | **5-Year:** -1491.91000000 | **10-Year:** -1497.87000000 | **30-Year:** -739.24000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000083498 | 1.09%                | 1.08%                | 2.36%                |
| Class ID C000083499 | 1.09%                | 1.08%                | 2.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-983549.82              | $2546076.33                                |
| Month 2  | $-798296.99              | $-240834.92                                |
| Month 3  | $309015.18               | $3723155.07                                |

**Designated Index Information**

- **Index Name:** 15.9% Russell 3000/10.8% MSCI ACWI ex-USA IMI (net)/3.3% MSCI ACWI Commodity Producers (net)/24.5% Bloomberg US Aggregate Bond, 24.5% Bloomberg Global Aggregate Bond (USD hedged)/21% Bloomberg 1-10 Year US Gov Inflation-Linked Bonds

- **Index Identifier:** ^RUA,NDUEACWZ,MIWD0000oGUS,LBUSTRUU:IND,LEGATRUH,LTI1TRUU:IND

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| UNITED AIRLINES INC                              | United Airlines Inc                                                                                                            | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |      60000 | PA      | $59573.40     | 0.02%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| UBS AG                                           | AO94506 ALLIANCE                                                                                                               | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |        460 | NC      | $76229.43     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $8759.42      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3140XGCD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     719750 | PA      | $604413.46    | 0.20%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                | NatWest Group PLC                                                                                                              | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |     115000 | PA      | $145834.12    | 0.05%             | 2034-02-28      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD COP                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-29427.38    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20754BAA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      86326 | PA      | $86326.16     | 0.03%             | 2042-01-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| BELL CANADA                                      | Bell Telephone Co of Canada or Bell Canada                                                                                     | CUSIP: 07813ZCK8<br>LEI: 5493000G3EFX9S7TDE29 | Long             | DBT              | CORP              | CA        |     136000 | PA      | $109377.01    | 0.04%             | 2032-11-10      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| AGRICUL DEV BANK CHINA                           | Agricultural Development Bank of China                                                                                         | CUSIP: 000000000<br>LEI: 300300C1020311000158 | Long             | DBT              | NUSS              | CN        |    1000000 | PA      | $154523.06    | 0.05%             | 2030-10-27      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| LUNA 2 5SARL                                     | Luna 2 5SARL                                                                                                                   | CUSIP: 000000000<br>LEI: 894500N8J2QVEYP0UI86 | Long             | DBT              | CORP              | LU        |     100000 | PA      | $120023.75    | 0.04%             | 2032-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                                  | Allegro CLO XI Ltd                                                                                                             | CUSIP: 01750HAU6<br>LEI: 2549008FHFGEJOVBP855 | Long             | ABS-CBDO         | CORP              | KY        |     272656 | PA      | $272885.03    | 0.09%             | 2033-01-19      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD GBP                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-9716.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TOTALENERGIES SE                                 | TotalEnergies SE                                                                                                               | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | DBT              | CORP              | FR        |     166000 | PA      | $191664.21    | 0.06%             | 2027-01-17      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                                       | TELUS Corp                                                                                                                     | CUSIP: 87971MCM3<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |     225000 | PA      | $226935.00    | 0.07%             | 2055-10-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                          | Imperial Brands Finance PLC                                                                                                    | CUSIP: 45262BAH6<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |     495000 | PA      | $507439.35    | 0.16%             | 2034-07-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                     | CaixaBank SA                                                                                                                   | CUSIP: 12803RAH7<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |     272000 | PA      | $284642.56    | 0.09%             | 2035-03-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                         | CenterPoint Energy Houston Electric LLC                                                                                        | CUSIP: 15189XBF4<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |     110000 | PA      | $109954.90    | 0.04%             | 2035-03-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD PLN                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-37112.98    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                        | Nelnet Student Loan Trust 2021-B                                                                                               | CUSIP: 64034QAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     140000 | PA      | $123213.57    | 0.04%             | 2062-04-20      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                           | Santander Holdings USA Inc                                                                                                     | CUSIP: 80282KBQ8<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |      81000 | PA      | $83161.89     | 0.03%             | 2031-03-20      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                                                                     | CUSIP: 21H052678<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    3769655 | PA      | $3773399.78   | 1.22%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Heathrow Funding Ltd                             | Heathrow Funding Ltd                                                                                                           | CUSIP: 000000000<br>LEI: 7TI96JO3DYEIQWZ7Z726 | Long             | DBT              | CORP              | JE        |      71000 | PA      | $104163.25    | 0.03%             | 2031-12-10      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                          | PURCHASED IDR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | ID        |          1 | NC      | $1270.66      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3140QLGX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    1961947 | PA      | $1562392.52   | 0.50%             | 2051-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED GBP / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | GB        |          1 | NC      | $23082.64     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Gold Pool                                                                                                          | CUSIP: 3132Y3ZC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     127333 | PA      | $127216.22    | 0.04%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP                             | Parker-Hannifin Corp                                                                                                           | CUSIP: 000000000<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |     118000 | PA      | $137954.30    | 0.04%             | 2030-03-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 31417FZR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       4760 | PA      | $4466.54      | 0.00%             | 2043-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC                           | UnitedHealth Group Inc                                                                                                         | CUSIP: 91324PFN7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |      55000 | PA      | $55265.65     | 0.02%             | 2028-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                       | U.K. Gilts                                                                                                                     | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     522321 | PA      | $717422.62    | 0.23%             | 2035-03-07      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                            | Athene Global Funding                                                                                                          | CUSIP: 04685A3C3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |      49000 | PA      | $45245.62     | 0.01%             | 2028-08-19      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| FLORIDA POWER & LIGHT CO                         | Florida Power & Light Co                                                                                                       | CUSIP: 341081GU5<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |      81000 | PA      | $83511.00     | 0.03%             | 2034-06-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                                   | Mastercard Inc                                                                                                                 | CUSIP: 57636QBC7<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |     306000 | PA      | $300755.16    | 0.10%             | 2035-01-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp                                                                                                           | CUSIP: 06051GMQ9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     236000 | PA      | $239738.24    | 0.08%             | 2036-02-12      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | EURO-BTP FUTURE SEP25                                                                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |          8 | NC      | $2511.30      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                      | Long: BS2LCJ2   IRS USD R V 00MSOFR IS2LCK3 CCPOIS / Short: BS2LCJ2   IRS USD P F  2.11000 IS2LCJ2 CCPOIS                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |     580000 | OU      | $16778.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PACIFIC GAS & ELECTRIC                           | Pacific Gas and Electric Co                                                                                                    | CUSIP: 694308KQ9<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |      74000 | PA      | $75189.18     | 0.02%             | 2029-05-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED THB / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | TH        |          1 | NC      | $335.02       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                           | Aviation Capital Group LLC                                                                                                     | CUSIP: 05369AAL5<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |      71000 | PA      | $68697.47     | 0.02%             | 2026-09-20      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE NA                                   | Capital One NA                                                                                                                 | CUSIP: 25466AAN1<br>LEI: 207ALC1P1YM0OVDV0K75 | Long             | DBT              | CORP              | US        |     300000 | PA      | $308529.00    | 0.10%             | 2028-08-09      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| CADENT FINANCE PLC                               | Cadent Finance PLC                                                                                                             | CUSIP: 000000000<br>LEI: 5493005M8TJ0J6IMUF67 | Long             | DBT              | CORP              | GB        |     209000 | PA      | $247501.43    | 0.08%             | 2033-04-16      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CANADA HOUSING TRUST                             | Canada Housing Trust No 1                                                                                                      | CUSIP: 13509PJS3<br>LEI: 549300M44WH89JG50067 | Long             | DBT              | NUSS              | CA        |     270000 | PA      | $209510.41    | 0.07%             | 2034-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes                                                                                          | CUSIP: 91282CCM1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    5167696 | PA      | $4755895.26   | 1.54%             | 2031-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Japan Government Two Year Bonds                  | Japan Government Two Year Bonds                                                                                                | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   87300000 | PA      | $605574.22    | 0.20%             | 2027-01-01      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                                                                                       | CUSIP: 38380B6Y6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     495717 | PA      | $61842.48     | 0.02%             | 2047-04-20      | Floating      | 1.72%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                 | Societe Generale SA                                                                                                            | CUSIP: 83368RCH3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |     232000 | PA      | $234790.96    | 0.08%             | 2029-05-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| French Republic Government Bonds OAT             | French Republic Government Bonds OAT                                                                                           | CUSIP: 000000000<br>LEI: 969500KCGF3SUYJHPV70 | Long             | DBT              | NUSS              | FR        |     282249 | PA      | $342605.92    | 0.11%             | 2033-11-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2024-DNA3                                                                                        | CUSIP: 35564NEZ2<br>LEI: 529900P3PHNE8PW64Z68 | Long             | ABS-MBS          | USGSE             | US        |      31078 | PA      | $31069.03     | 0.01%             | 2044-10-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3140JXTG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     383338 | PA      | $350501.90    | 0.11%             | 2049-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CISCO SYSTEMS INC                                | Cisco Systems Inc                                                                                                              | CUSIP: 17275RBX9<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |     235000 | PA      | $240221.70    | 0.08%             | 2030-02-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WINTERSHALL DEA FINANCE                          | Wintershall Dea Finance BV                                                                                                     | CUSIP: 000000000<br>LEI: 529900SUC9JUI6M74U66 | Long             | DBT              | CORP              | NL        |     200000 | PA      | $207361.72    | 0.07%             | 2031-09-25      | Fixed         | 1.82%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                               | PURCHASED BRL / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | BR        |          1 | NC      | $3936.76      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                           | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | XX        |          1 | NC      | $22993.41     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Brex Inc                                         | Brex Commercial Charge Card Master Trust                                                                                       | CUSIP: 05601DAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     121000 | PA      | $121926.40    | 0.04%             | 2027-07-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2021-DNA6                                                                                        | CUSIP: 35564KKY4<br>LEI: 5493000ISONLNOUKGB71 | Long             | ABS-MBS          | USGSE             | US        |     309026 | PA      | $310194.99    | 0.10%             | 2041-10-25      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED CAD / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | CA        |          1 | NC      | $-15460.98    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VISTRA CORP                                      | Vistra Corp                                                                                                                    | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |     384000 | PA      | $388623.36    | 0.13%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| University of California                         | UNIV OF CALIFORNIA CA REVENUES                                                                                                 | CUSIP: 91412HKE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    1130000 | PA      | $747524.15    | 0.24%             | 2051-05-15      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD AUD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-522.59      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                 | Altria Group Inc                                                                                                               | CUSIP: 02209SBJ1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     595000 | PA      | $565303.55    | 0.18%             | 2030-05-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| ABN AMRO BANK NV                                 | ABN AMRO Bank NV                                                                                                               | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |     100000 | PA      | $125245.60    | 0.04%             | 2033-09-21      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20755AAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     405872 | PA      | $414224.01    | 0.13%             | 2043-01-25      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                 | PURCHASED BRL / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | BR        |          1 | NC      | $3405.79      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED CAD / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | CA        |          1 | NC      | $-18540.20    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Japan Government Forty Year Bonds                | Japan Government Forty Year Bonds                                                                                              | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   57650000 | PA      | $245120.09    | 0.08%             | 2063-03-20      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| Spain Government Bonds                           | Spain Government Bonds                                                                                                         | CUSIP: 000000000<br>LEI: 9598007A56S18711AH60 | Long             | DBT              | NUSS              | ES        |     154000 | PA      | $177589.47    | 0.06%             | 2041-01-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                                                                          | CUSIP: 01F062671<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     770417 | PA      | $795214.87    | 0.26%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust          | Hyundai Auto Lease Securitization Trust 2025-A                                                                                 | CUSIP: 44935WAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     140000 | PA      | $141689.32    | 0.05%             | 2029-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III                              | LYB International Finance III LLC                                                                                              | CUSIP: 50249AAP8<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |      20000 | PA      | $20754.00     | 0.01%             | 2035-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                          | Hyundai Capital America                                                                                                        | CUSIP: 44891ADF1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |      10000 | PA      | $9920.30      | 0.00%             | 2027-09-24      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes                                                                                          | CUSIP: 9128287D6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    9053181 | PA      | $8690346.25   | 2.81%             | 2029-07-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| GSF 2021 1 ISSUER LLC                            | GSF 2021 1 ISSUER LLC                                                                                                          | CUSIP: 36261CAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1071000 | PA      | $1060812.97   | 0.34%             | 2026-08-17      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $4397.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JAPAN TREASURY DISC BILL                         | Japan Treasury Discount Bill                                                                                                   | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | STIV             | NUSS              | JP        |  185350000 | PA      | $1285705.14   | 0.42%             | 2025-09-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                           | Aviation Capital Group LLC                                                                                                     | CUSIP: 05367AAH6<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |      98000 | PA      | $97980.40     | 0.03%             | 2025-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes               | Ally Bank Auto Credit-Linked Notes Series 2024-A                                                                               | CUSIP: 02007GZ48<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     153930 | PA      | $156321.34    | 0.05%             | 2032-05-17      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| CHILE ELECTRICITY LUX                            | Chile Electricity Lux Mpc II Sarl                                                                                              | CUSIP: 16882LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     400000 | PA      | $403300.00    | 0.13%             | 2035-10-20      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust    | BHG Securitization Trust 2023-A                                                                                                | CUSIP: 08860FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      93558 | PA      | $93710.17     | 0.03%             | 2036-04-17      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                               | Ally Financial Inc                                                                                                             | CUSIP: 02005NBT6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |     315000 | PA      | $331222.50    | 0.11%             | 2029-06-13      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20754NAB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     292118 | PA      | $298940.50    | 0.10%             | 2042-05-25      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                            | Athene Global Funding                                                                                                          | CUSIP: 04685A3G4<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |      19000 | PA      | $17718.64     | 0.01%             | 2029-01-07      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| IBM CORP                                         | International Business Machines Corp                                                                                           | CUSIP: 459200LH2<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |     235000 | PA      | $239765.80    | 0.08%             | 2032-02-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD GBP                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-36976.04    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                        | Nelnet Student Loan Trust 2021-D                                                                                               | CUSIP: 64034YAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     457000 | PA      | $407537.66    | 0.13%             | 2062-04-20      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                          | National Australia Bank Ltd                                                                                                    | CUSIP: 000000000<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |     461000 | PA      | $497365.98    | 0.16%             | 2029-01-06      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 31417EJG7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     177556 | PA      | $166596.24    | 0.05%             | 2043-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes                                                                                          | CUSIP: 91282CJY8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3545396 | PA      | $3517835.68   | 1.14%             | 2034-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: BS2LCP8   IRS USD R V 00MSOFR IS2LCQ9 CCPOIS / Short: BS2LCP8   IRS USD P F  2.39000 IS2LCP8 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    1010000 | OU      | $128202.63    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                  | MVW 2025-1 LLC                                                                                                                 | CUSIP: 627924AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     120623 | PA      | $121795.52    | 0.04%             | 2042-09-22      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| TEMASEK FINANCIAL I LTD                          | Temasek Financial I Ltd                                                                                                        | CUSIP: 000000000<br>LEI: 549300XMGMDF3VRJMF12 | Long             | DBT              | CORP              | SG        |    1000000 | PA      | $143220.99    | 0.05%             | 2034-08-28      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                             | Las Vegas Sands Corp                                                                                                           | CUSIP: 517834AN7<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     130000 | PA      | $134082.00    | 0.04%             | 2030-06-14      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bundesrepublik Deutschland Bundesanleihe         | Bundesrepublik Deutschland Bundesanleihe                                                                                       | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |     317193 | PA      | $332006.99    | 0.11%             | 2054-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL                           | Mondelez International Inc                                                                                                     | CUSIP: 609207BG9<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |     122000 | PA      | $121868.24    | 0.04%             | 2030-05-06      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| PERIAMA HOLDINGS LLC/DE                          | Periama Holdings LLC/DE                                                                                                        | CUSIP: 000000000<br>LEI: 254900NINXO00BLT2Z47 | Long             | DBT              | CORP              | US        |     200000 | PA      | $199882.00    | 0.06%             | 2026-04-19      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD EUR                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-39721.07    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                           | PURCHASED USD / SOLD NZD                                                                                                       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-4482.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810TM0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     790200 | PA      | $721458.77    | 0.23%             | 2042-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| AEGEA FINANCE SARL                               | Aegea Finance Sarl                                                                                                             | CUSIP: 000000000<br>LEI: 213800V6WTKUT1XWIZ47 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $199775.00    | 0.06%             | 2029-05-20      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2022-DNA7                                                                                        | CUSIP: 35564KL31<br>LEI: 5493000IRUQLXTG4SV18 | Long             | ABS-MBS          | USGSE             | US        |     257691 | PA      | $261077.93    | 0.08%             | 2052-03-25      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                  | Long: SS333F0   CDS USD R F  1.00000 IS333F0 CCPCDX / Short: SS333F0   CDS USD P V 03MEVENT IS333G1 CCPCDX                     | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    4965000 | OU      | $111477.83    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Gold Pool                                                                                                          | CUSIP: 3132XXD22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     104661 | PA      | $102146.71    | 0.03%             | 2048-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENA MASTER TRUST                                 | ENA Master Trust                                                                                                               | CUSIP: 29249BAA3<br>LEI: 549300CBCHB6Q73VG753 | Long             | DBT              | CORP              | PA        |     891000 | PA      | $644585.04    | 0.21%             | 2048-05-19      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD GBP                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-5930.89     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2021-HQA4                                                                                        | CUSIP: 35564KNK1<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | USGSE             | US        |     344250 | PA      | $343606.27    | 0.11%             | 2041-12-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust       | JPMBB Commercial Mortgage Securities Trust 2014-C22                                                                            | CUSIP: 46642NBF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     916539 | PA      | $9.53         | 0.00%             | 2047-09-15      | Variable      | 0.40%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     194900 | PA      | $195265.44    | 0.06%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CALGARY (CITY OF)                                | City of Calgary Canada                                                                                                         | CUSIP: 178916AA0<br>LEI: 549300HSTXVCQ4ECT255 | Long             | DBT              | NUSS              | CA        |      70000 | PA      | $52801.57     | 0.02%             | 2034-06-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA                          | Public Service Co of Oklahoma                                                                                                  | CUSIP: 744533BS8<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |      90000 | PA      | $90657.90     | 0.03%             | 2036-01-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD JPY                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-17714.74    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                                | General Mills Inc                                                                                                              | CUSIP: 000000000<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |     102000 | PA      | $120557.08    | 0.04%             | 2032-04-17      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                   | Var Energi ASA                                                                                                                 | CUSIP: 92212WAF7<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |     200000 | PA      | $205188.00    | 0.07%             | 2030-05-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                                 | Altice France SA                                                                                                               | CUSIP: 000000000<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |     173000 | PA      | $169031.89    | 0.05%             | 2028-01-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WESTINGHOUSE AIR BRAKE                           | Westinghouse Air Brake Technologies Corp                                                                                       | CUSIP: 960386AS9<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |     295000 | PA      | $298950.05    | 0.10%             | 2030-05-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                         | Devon Energy Corp                                                                                                              | CUSIP: 25179MBG7<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     428000 | PA      | $415665.04    | 0.13%             | 2034-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     155100 | PA      | $109303.09    | 0.04%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                      | PURCHASED USD / SOLD IDR                                                                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $-19594.92    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                              | Bank of Nova Scotia/The                                                                                                        | CUSIP: 06417XAG6<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |     171000 | PA      | $161601.84    | 0.05%             | 2037-05-04      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                              | AUST 10Y BOND FUT SEP25                                                                                                        | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |        -22 | NC      | $-10488.67    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BELLEMEADE RE LT                                 | Bellemeade Re 2022-1 Ltd                                                                                                       | CUSIP: 078774AB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |     126736 | PA      | $127163.10    | 0.04%             | 2032-01-26      | Floating      | 6.46%                 | No            |                  2 | On Loan: No      |
| Japan Government Thirty Year Bonds               | Japan Government Thirty Year Bonds                                                                                             | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   76300000 | PA      | $485939.95    | 0.16%             | 2055-03-20      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                               | PURCHASED KRW / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | KR        |          1 | NC      | $3662.61      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                   | OPAL BIDCO SAS                                                                                                                 | CUSIP: 000000000<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |     129000 | PA      | $155069.20    | 0.05%             | 2032-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                                                                              | CUSIP: 3136ALP47<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     323226 | PA      | $33386.10     | 0.01%             | 2044-12-25      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                                                                              | CUSIP: 3136ATV27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     775997 | PA      | $89326.54     | 0.03%             | 2046-10-25      | Floating      | 1.58%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                         | Devon Energy Corp                                                                                                              | CUSIP: 251799AA0<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |     222000 | PA      | $254882.64    | 0.08%             | 2032-04-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                            | Alibaba Group Holding Ltd                                                                                                      | CUSIP: 000000000<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    1500000 | PA      | $213615.24    | 0.07%             | 2029-11-28      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust                              | COMM 2010-C1 Mortgage Trust                                                                                                    | CUSIP: 12622DAK0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     704522 | PA      | $694540.00    | 0.22%             | 2046-07-10      | Variable      | 5.79%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810TQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1410600 | PA      | $1263368.63   | 0.41%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | EURO-SCHATZ FUT SEP25                                                                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         -7 | NC      | $1352.20      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TELUS CORP                                       | TELUS Corp                                                                                                                     | CUSIP: 87971MBX0<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | DBT              | CORP              | CA        |     154000 | PA      | $119690.81    | 0.04%             | 2032-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                     | Barclays PLC                                                                                                                   | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     100000 | PA      | $146627.81    | 0.05%             | 2032-11-14      | Fixed         | 8.41%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                          | GLP Capital LP / GLP Financing II Inc                                                                                          | CUSIP: 361841AQ2<br>LEI: N/A                  | Long             | DBT              |  | US        |      72000 | PA      | $67908.24     | 0.02%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust            | Wells Fargo Commercial Mortgage Trust 2024-MGP                                                                                 | CUSIP: 95003TAS2<br>LEI: 54930012YCNUERXJ1I74 | Long             | ABS-MBS          | CORP              | US        |      93664 | PA      | $93195.68     | 0.03%             | 2041-08-15      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                   | EPR Properties                                                                                                                 | CUSIP: 26884UAD1<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              |  | US        |     165000 | PA      | $164171.70    | 0.05%             | 2027-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD COP                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-3277.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CJJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     191600 | PA      | $196854.03    | 0.06%             | 2033-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bundesrepublik Deutschland Bundesanleihe         | Bundesrepublik Deutschland Bundesanleihe                                                                                       | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |     542000 | PA      | $610874.63    | 0.20%             | 2041-05-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CKT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     247800 | PA      | $254537.06    | 0.08%             | 2029-05-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $4852.33      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HONG KONG                                        | Hong Kong Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |    1000000 | PA      | $152082.90    | 0.05%             | 2033-06-07      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     471300 | PA      | $309069.70    | 0.10%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                                                                                            | CUSIP: 912797NX1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    1220700 | PA      | $1220414.83   | 0.39%             | 2025-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                                                                                             | CUSIP: 3137FTV38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    2386947 | PA      | $267588.41    | 0.09%             | 2050-06-25      | Floating      | 1.68%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                           | Tesla Auto Lease Trust 2024-A                                                                                                  | CUSIP: 88166VAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      75000 | PA      | $75223.16     | 0.02%             | 2027-06-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| BAT CAPITAL CORP                                 | BAT Capital Corp                                                                                                               | CUSIP: 05526DCB9<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |     150000 | PA      | $153436.50    | 0.05%             | 2032-08-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | EURO STOXX 50 SEP25                                                                                                            | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |         30 | NC      | $-5696.36     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                                                                     | CUSIP: 21H042679<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1530290 | PA      | $1464132.50   | 0.47%             | 2054-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Clarus Capital Funding LLC                       | Clarus Capital Funding 2024-1 LLC                                                                                              | CUSIP: 18271JAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     115000 | PA      | $115004.20    | 0.04%             | 2032-08-20      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN INC                                | Kinder Morgan Inc                                                                                                              | CUSIP: 49456BBC4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |      45000 | PA      | $46635.75     | 0.02%             | 2035-06-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                                                                          | CUSIP: 01F022675<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     640000 | PA      | $530574.72    | 0.17%             | 2055-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit         | Ford Credit Auto Owner Trust 2021-REV1                                                                                         | CUSIP: 345340AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     824000 | PA      | $804168.22    | 0.26%             | 2033-10-17      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 30711XBF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     213615 | PA      | $216994.33    | 0.07%             | 2028-04-25      | Floating      | 10.12%                | No            |                  2 | On Loan: No      |
| AXIS Equipment Finance Receivables LLC           | Amur Equipment Finance Receivables XI LLC                                                                                      | CUSIP: 03236XAB3<br>LEI: 549300IFG1NMINYRYF89 | Long             | ABS-O            | CORP              | US        |      94245 | PA      | $94438.06     | 0.03%             | 2028-06-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                             | Airport Authority                                                                                                              | CUSIP: 000000000<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |    1670000 | PA      | $241126.05    | 0.08%             | 2034-06-05      | Fixed         | 2.93%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3138EHUP5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     100190 | PA      | $94231.39     | 0.03%             | 2042-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                                                                          | CUSIP: 01F052672<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    2637140 | PA      | $2636108.61   | 0.85%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| D.R. HORTON INC                                  | DR Horton Inc                                                                                                                  | CUSIP: 23331ABT5<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | DBT              | CORP              | US        |     148000 | PA      | $149318.68    | 0.05%             | 2030-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                              | Malaysia Government Bond                                                                                                       | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     797000 | PA      | $204882.28    | 0.07%             | 2033-11-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK PLC                                 | Santander UK PLC                                                                                                               | CUSIP: 000000000<br>LEI: PTCQB104N23FMNK2RZ28 | Long             | DBT              | CORP              | GB        |     145000 | PA      | $173675.75    | 0.06%             | 2029-03-12      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                           | AO96278 ALLIANCE                                                                                                               | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |      17400 | NC      | $1918746.09   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                         | Delta Air Lines Inc / SkyMiles IP Ltd                                                                                          | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      45600 | PA      | $45519.29     | 0.01%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                  | Long: BS33435   CDS USD R V 03MEVENT IS33446 CCPITRAXX / Short: BS33435   CDS USD P F  1.00000 IS33435 CCPITRAXX               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    4958000 | OU      | $-59821.17    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                   | Carvana Auto Receivables Trust 2021-N4                                                                                         | CUSIP: 14687HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      42850 | PA      | $41629.42     | 0.01%             | 2028-09-11      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD EUR                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-16087.21    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 207932AA2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     352865 | PA      | $361955.65    | 0.12%             | 2042-12-25      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| Hin Timeshare Trust                              | HINNT 2024-A LLC                                                                                                               | CUSIP: 40472QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      48607 | PA      | $49417.28     | 0.02%             | 2043-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| AIRCASTLE LTD                                    | Aircastle Ltd                                                                                                                  | CUSIP: 00928QAY7<br>LEI: 549300PNK8AKY3OIKP58 | Long             | DBT              | CORP              | BM        |      25000 | PA      | $25827.25     | 0.01%             | 2029-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Colombia Government International Bonds          | Colombia Government International Bonds                                                                                        | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     200000 | PA      | $201250.00    | 0.06%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac Stacr Remic Trust 2025-Hqa1                                                                                        | CUSIP: 35564NGY3<br>LEI: 529900MBUPRSJMB6GN48 | Long             | ABS-MBS          | USGSE             | US        |     179948 | PA      | $179667.72    | 0.06%             | 2045-02-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd                                | Magnetite XIX Ltd                                                                                                              | CUSIP: 55954KAY1<br>LEI: 5493000OP4ZUZOOM1U45 | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $249888.50    | 0.08%             | 2034-04-17      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae II Pool                                                                                                             | CUSIP: 36179SB71<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     139326 | PA      | $124751.45    | 0.04%             | 2046-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                           | AO73345 ALLIANCE                                                                                                               | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |       1460 | NC      | $141987.50    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal       | CAN 10YR BOND FUT SEP25                                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |         -5 | NC      | $-2761.08     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Securitized Term Auto Receivables Trust          | Securitized Term Auto Receivables Trust                                                                                        | CUSIP: 81378RAB0<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | CA        |      61930 | PA      | $62376.83     | 0.02%             | 2031-07-25      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                          | Hyundai Capital America                                                                                                        | CUSIP: 44891ACN5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |      87000 | PA      | $90430.41     | 0.03%             | 2028-09-21      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US LONG BOND(CBT) SEP25                                                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         -6 | NC      | $-14961.76    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ONTARIO PROV GEN STRIP                           | Province of Ontario Generic Coupon Strip                                                                                       | CUSIP: 68327ZBS3<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |     119031 | PA      | $40664.95     | 0.01%             | 2042-06-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD EUR                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-15668.05    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MTR CORP LTD                                     | MTR Corp Ltd                                                                                                                   | CUSIP: 000000000<br>LEI: 254900IH4U9NHH9AQM97 | Long             | DBT              | CORP              | HK        |    1750000 | PA      | $251552.58    | 0.08%             | 2034-09-20      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810SU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3989300 | PA      | $2245227.91   | 0.72%             | 2051-02-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                           | PURCHASED USD / SOLD AUD                                                                                                       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-29456.04    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NuStar Logistics LP                              | NuStar Logistics LP                                                                                                            | CUSIP: 67059TAF2<br>LEI: N62BF2PKP51FIIOIUN20 | Long             | DBT              | CORP              | US        |      28000 | PA      | $28110.32     | 0.01%             | 2026-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                         | Warnermedia Holdings Inc                                                                                                       | CUSIP: 55903VBE2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     154000 | PA      | $107415.00    | 0.03%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Fiserv, Inc.                                     | Fiserv, Inc.                                                                                                                   | CUSIP: 000000000<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     100000 | PA      | $124531.76    | 0.04%             | 2031-05-24      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                              | Petroleos Mexicanos                                                                                                            | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      78000 | PA      | $77454.00     | 0.03%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FOUNDRY JV HOLDCO LLC                            | Foundry JV Holdco LLC                                                                                                          | CUSIP: 350930AC7<br>LEI: 21380048QROAMGM6EP30 | Long             | DBT              | CORP              | US        |     200000 | PA      | $210294.00    | 0.07%             | 2032-01-25      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Great Wolf Trust                                 | Great Wolf Trust 2024-WOLF                                                                                                     | CUSIP: 39152MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     232000 | PA      | $232362.50    | 0.08%             | 2039-03-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20754RAB2<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      31089 | PA      | $31166.02     | 0.01%             | 2041-10-25      | Floating      | 5.86%                 | No            |                  2 | On Loan: No      |
| HFX FUNDING ISSUER                               | HFX FUNDING ISSUER                                                                                                             | CUSIP: 40422GAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      11386 | PA      | $11328.51     | 0.00%             | 2035-03-15      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS NC                         | Duke Energy Carolinas NC Storm Funding LLC                                                                                     | CUSIP: 26443KAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     542000 | PA      | $419621.82    | 0.14%             | 2043-07-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Japan Government Thirty Year Bonds               | Japan Government Thirty Year Bonds                                                                                             | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   42900000 | PA      | $228160.49    | 0.07%             | 2053-12-20      | Fixed         | 1.60%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                         | Dext ABS 2023-1 LLC                                                                                                            | CUSIP: 25216BAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     226781 | PA      | $227552.64    | 0.07%             | 2032-03-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| ONTARIO PROV GEN STRIP                           | Province of Ontario Generic Coupon Strip                                                                                       | CUSIP: 68323Z8L6<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |     119031 | PA      | $41939.62     | 0.01%             | 2041-12-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | EURO-BOBL FUTURE SEP25                                                                                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |          3 | NC      | $-1593.80     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810RC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1272100 | PA      | $1094801.06   | 0.35%             | 2043-08-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED CAD / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CA        |          1 | NC      | $2528.01      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Gold Pool                                                                                                          | CUSIP: 3132Y3ZL1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     284738 | PA      | $277274.07    | 0.09%             | 2048-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                            | Athene Global Funding                                                                                                          | CUSIP: 04685A3Z2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |     266000 | PA      | $272578.18    | 0.09%             | 2031-07-11      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                      | S+P500 EMINI FUT SEP25                                                                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        252 | NC      | $2791502.12   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED HUF / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | HU        |          1 | NC      | $243.54       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                   | Carvana Auto Receivables Trust 2021-N3                                                                                         | CUSIP: 14687GAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      53802 | PA      | $51855.26     | 0.02%             | 2028-06-12      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| GLP Capital LP / GLP Financing II Inc            | GLP Capital LP / GLP Financing II Inc                                                                                          | CUSIP: 361841AP4<br>LEI: 5493006GWRDBCZYWTM57 | Long             | DBT              |  | US        |     163000 | PA      | $156670.71    | 0.05%             | 2030-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                  | CVS Health Corp                                                                                                                | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |     242000 | PA      | $250111.84    | 0.08%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                           | AO91024 ALLIANCE                                                                                                               | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |        440 | NC      | $42790.75     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| L Street Securities                              | Wells Fargo Credit Risk Transfer Securities Trust 2015                                                                         | CUSIP: 949771AC3<br>LEI: 549300T6W1U156OOG754 | Long             | ABS-MBS          | CORP              | US        |      99067 | PA      | $103254.64    | 0.03%             | 2025-11-25      | Floating      | 9.67%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: BS315D6   IRS USD R V 12MUSCPI IS315E7 CCPINFLATIONZERO / Short: BS315D6   IRS USD P F  2.53000 IS315D6 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    2460000 | OU      | $15244.84     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED USD / SOLD CAD                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |          1 | NC      | $25994.01     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2021-HQA4                                                                                        | CUSIP: 35564KNS4<br>LEI: 5493000ISE4NWBTOSK36 | Long             | ABS-MBS          | USGSE             | US        |     414809 | PA      | $419450.71    | 0.14%             | 2041-12-25      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $8346.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hawaii Hotel Trust                               | Hawaii Hotel Trust 2025-MAUI                                                                                                   | CUSIP: 419909AA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     117000 | PA      | $117062.15    | 0.04%             | 2042-03-15      | Floating      | 5.71%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD NZD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-27.89       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures Europe - Financial Products Division | FTSE 100 IDX FUT SEP25                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |          5 | NC      | $-7873.41     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CREDICORP CAPITAL SOCIED                         | Credicorp Capital Sociedad Titulizadora SA                                                                                     | CUSIP: 224939AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | PE        |     725000 | PA      | $212332.39    | 0.07%             | 2043-12-15      | Fixed         | 10.10%                | No            |                  2 | On Loan: No      |
| Auxilior Term Funding LLC                        | Auxilior Term Funding 2023-1 LLC                                                                                               | CUSIP: 05335JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     140018 | PA      | $141146.10    | 0.05%             | 2028-12-15      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD CAD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-91.31       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                         | Venture Global Calcasieu Pass LLC                                                                                              | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |      50000 | PA      | $47178.00     | 0.02%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                  | Long: BS33B45   CDS USD R V 03MEVENT IS33B56 CCPCDX / Short: BS33B45   CDS USD P F  5.00000 IS33B45 CCPCDX                     | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    1376000 | OU      | $-105554.63   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                      | Long: BS2LOP2   IRS USD R V 00MSOFR IS2LOQ3 CCPOIS / Short: BS2LOP2   IRS USD P F  1.53700 IS2LOP2 CCPOIS                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    1830000 | OU      | $170038.23    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD EUR                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-6953.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20755TAB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     170177 | PA      | $170491.27    | 0.06%             | 2045-05-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                          | Goldman Sachs Group Inc/The                                                                                                    | CUSIP: 38141GC77<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     103000 | PA      | $103854.90    | 0.03%             | 2028-04-23      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Israel Electric Corp Ltd                         | Israel Electric Corp Ltd                                                                                                       | CUSIP: 465077AL9<br>LEI: 254900JW7GE35YNJGJ55 | Long             | DBT              | CORP              | IL        |     402000 | PA      | $390036.48    | 0.13%             | 2028-08-14      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810SH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     480000 | PA      | $345000.00    | 0.11%             | 2049-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| UNICREDIT SPA                                    | UniCredit SpA                                                                                                                  | CUSIP: 904678AU3<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |     455000 | PA      | $452674.95    | 0.15%             | 2026-09-22      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| EDP SERVICIOS FIN ESP SA                         | EDP Servicios Financieros Espana SA                                                                                            | CUSIP: 000000000<br>LEI: 5299003GHAFB78O1NU77 | Long             | DBT              | CORP              | ES        |     105000 | PA      | $125395.38    | 0.04%             | 2031-07-21      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ALEXANDER FUND TRUST II                          | Alexander Funding Trust II                                                                                                     | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     106000 | PA      | $113340.50    | 0.04%             | 2028-07-31      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| Canada Government Bonds                          | Canada Government Bonds                                                                                                        | CUSIP: 135087P99<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |     335000 | PA      | $208918.62    | 0.07%             | 2055-12-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund                          | Dryden 87 CLO Ltd                                                                                                              | CUSIP: 26246GAA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     125000 | PA      | $125062.88    | 0.04%             | 2034-05-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| UniCredit SpA                                    | UniCredit SpA                                                                                                                  | CUSIP: 904678AF6<br>LEI: 549300TRUWO2CD2G5692 | Long             | DBT              | CORP              | IT        |     200000 | PA      | $201514.00    | 0.07%             | 2032-06-19      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                              | Braskem Netherlands Finance BV                                                                                                 | CUSIP: 000000000<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |     200000 | PA      | $171740.00    | 0.06%             | 2028-01-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                                                                                       | CUSIP: 38380GHH0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     378789 | PA      | $51725.46     | 0.02%             | 2047-08-20      | Floating      | 1.77%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP                           | Sunoco LP / Sunoco Finance Corp                                                                                                | CUSIP: 86765KAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     137000 | PA      | $141190.83    | 0.05%             | 2028-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NIAGARA MOHAWK POWER                             | Niagara Mohawk Power Corp                                                                                                      | CUSIP: 65364UAT3<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |     206000 | PA      | $205369.64    | 0.07%             | 2034-01-17      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: BS2LD77   IRS USD R V 00MSOFR IS2LD88 CCPOIS / Short: BS2LD77   IRS USD P F  1.39500 IS2LD77 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   15740000 | OU      | $1798535.41   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| GSF 2021 1 ISSUER LLC                            | GSF 2021 1 ISSUER LLC                                                                                                          | CUSIP: 36261CAE1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      39000 | PA      | $38286.26     | 0.01%             | 2026-08-17      | Variable      | 3.98%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I       | Research-Driven Pagaya Motor Trust 2024-1                                                                                      | CUSIP: 76088YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      53139 | PA      | $53597.16     | 0.02%             | 2032-06-25      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                                                                            | CUSIP: 000000000<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |     300000 | PA      | $376602.60    | 0.12%             | 2031-11-13      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                   | PEAC Solutions Receivables 2025-1 LLC                                                                                          | CUSIP: 69392HAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      32000 | PA      | $32110.24     | 0.01%             | 2028-10-20      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Canada Government Bonds                          | Canada Government Bonds                                                                                                        | CUSIP: 135087S47<br>LEI: 4BFD7AQU0A75QLAHK410 | Long             | DBT              | NUSS              | CA        |    2692000 | PA      | $1970021.83   | 0.64%             | 2030-03-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                               | Banco Santander SA                                                                                                             | CUSIP: 000000000<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |     100000 | PA      | $125821.62    | 0.04%             | 2033-08-23      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                   | Pagaya AI Debt Grantor Trust 2024-5                                                                                            | CUSIP: 69544LAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      44118 | PA      | $44540.68     | 0.01%             | 2031-10-15      | Fixed         | 6.28%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $7667.53      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Government Two Year Bonds                  | Japan Government Two Year Bonds                                                                                                | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  216750000 | PA      | $1505517.31   | 0.49%             | 2027-02-01      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                       | U.K. Gilts                                                                                                                     | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     365000 | PA      | $473621.52    | 0.15%             | 2040-01-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                       | Affirm Asset Securitization Trust 2024-X1                                                                                      | CUSIP: 00834XAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       8154 | PA      | $8160.49      | 0.00%             | 2029-05-15      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| CARGILL INC                                      | Cargill Inc                                                                                                                    | CUSIP: 141781BZ6<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |     446000 | PA      | $455410.60    | 0.15%             | 2032-10-11      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                             | Targa Resources Corp                                                                                                           | CUSIP: 87612GAQ4<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |      61000 | PA      | $61564.86     | 0.02%             | 2036-02-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| SOCIETE GENERALE                                 | Societe Generale SA                                                                                                            | CUSIP: 83368RBV3<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |     203000 | PA      | $205222.85    | 0.07%             | 2028-01-19      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD CNH                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-48920.30    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $8589.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ONTARIO PROV GEN STRIP                           | Province of Ontario Generic Coupon Strip                                                                                       | CUSIP: 68323Z5R6<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |     119031 | PA      | $52893.00     | 0.02%             | 2037-06-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MOODY'S CORPORATION                              | Moody's Corp                                                                                                                   | CUSIP: 615369BA2<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |     145000 | PA      | $146378.95    | 0.05%             | 2034-08-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC                               | BMW US Capital LLC                                                                                                             | CUSIP: 05565ECU7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |     195000 | PA      | $196072.50    | 0.06%             | 2027-03-19      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Cross Mortgage Trust                             | Cross 2025-H4 Mortgage Trust                                                                                                   | CUSIP: 22790AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     192318 | PA      | $193676.06    | 0.06%             | 2070-06-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| SANTANDER HOLDINGS USA                           | Santander Holdings USA Inc                                                                                                     | CUSIP: 80282KBN5<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |      29000 | PA      | $29474.73     | 0.01%             | 2029-03-20      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| BANK OF IRELAND GROUP                            | Bank of Ireland Group PLC                                                                                                      | CUSIP: 06279JAD1<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |     800000 | PA      | $824856.00    | 0.27%             | 2030-03-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810RP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     438100 | PA      | $333931.46    | 0.11%             | 2045-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 2YR NOTE (CBT) SEP25                                                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        228 | NC      | $152366.10    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| U.K. Gilts                                       | U.K. Gilts                                                                                                                     | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     313858 | PA      | $198727.31    | 0.06%             | 2046-01-31      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                          | PURCHASED USD / SOLD PEN                                                                                                       | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |          1 | NC      | $-4014.16     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                              | AUST 10Y BOND FUT SEP25                                                                                                        | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |         19 | NC      | $11456.95     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| REPUBLIC OF CHILE                                | Chile Government International Bond                                                                                            | CUSIP: 000000000<br>LEI: 549300FLZTJM5YJF8D34 | Long             | DBT              | NUSS              | CL        |     117000 | PA      | $140200.38    | 0.05%             | 2032-01-14      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORG                                 | Organon & Co / Organon Foreign Debt Co-Issuer BV                                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     200000 | PA      | $229827.60    | 0.07%             | 2028-04-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BANQUE FED CRED MUTUEL                           | Banque Federative du Credit Mutuel SA                                                                                          | CUSIP: 000000000<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |     200000 | PA      | $133747.97    | 0.04%             | 2027-05-24      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20753YCK6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     129546 | PA      | $133440.68    | 0.04%             | 2042-03-25      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN                         | 1011778 BC ULC / New Red Finance Inc                                                                                           | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |      40000 | PA      | $38950.40     | 0.01%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CAJUN GLOBAL LLC                                 | Cajun Global LLC                                                                                                               | CUSIP: 12803VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     235765 | PA      | $230777.84    | 0.07%             | 2051-11-20      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810TN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     581200 | PA      | $475131.00    | 0.15%             | 2053-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                         | Brazil Notas do Tesouro Nacional Serie B                                                                                       | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     265000 | PA      | $195172.72    | 0.06%             | 2050-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENI SPA                                          | Eni SpA                                                                                                                        | CUSIP: 26874RAQ1<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |     200000 | PA      | $204624.00    | 0.07%             | 2035-05-19      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $9462.19      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC                   | PEAC Solutions Receivables 2025-1 LLC                                                                                          | CUSIP: 69392HAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      51000 | PA      | $51654.81     | 0.02%             | 2032-07-20      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| ONTARIO PROV GEN STRIP                           | Province of Ontario Generic Coupon Strip                                                                                       | CUSIP: 68323Z8H5<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |     119032 | PA      | $45318.80     | 0.01%             | 2040-06-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust            | Wells Fargo Commercial Mortgage Trust 2016-LC25                                                                                | CUSIP: 95000JBB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     125000 | PA      | $117435.63    | 0.04%             | 2059-12-15      | Variable      | 4.33%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810TX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      66800 | PA      | $61033.28     | 0.02%             | 2054-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COOPERATIEVE RABOBANK UA                         | Cooperatieve Rabobank UA                                                                                                       | CUSIP: 000000000<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |     200000 | PA      | $245925.47    | 0.08%             | 2029-04-25      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC                         | Vistra Operations Co LLC                                                                                                       | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |       4000 | PA      | $4020.32      | 0.00%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| SUTTER HEALTH                                    | Sutter Health                                                                                                                  | CUSIP: 86944BAP8<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |      39000 | PA      | $40058.07     | 0.01%             | 2032-08-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED NZD / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | NZ        |          1 | NC      | $6005.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                      | Long: BS2LCF8   IRS USD R V 00MSOFR IS2LCG9 CCPOIS / Short: BS2LCF8   IRS USD P F  1.30000 IS2LCF8 CCPOIS                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    1360000 | OU      | $145813.41    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2025-DNA2                                                                                        | CUSIP: 35564NHZ9<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | USGSE             | US        |      53422 | PA      | $53542.22     | 0.02%             | 2045-05-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| BOEING CO                                        | Boeing Co/The                                                                                                                  | CUSIP: 097023DB8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |      77000 | PA      | $74685.38     | 0.02%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3138WENA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      64606 | PA      | $57921.46     | 0.02%             | 2045-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                               | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                               | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   42970115 | NS      | $42970114.75  | 13.87%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CKD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     798400 | PA      | $812434.37    | 0.26%             | 2029-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                             | Woodside Finance Ltd                                                                                                           | CUSIP: 980236AV5<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |     111000 | PA      | $113367.63    | 0.04%             | 2035-05-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 30711XBB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      71363 | PA      | $71428.03     | 0.02%             | 2025-07-25      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD SEK                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-8633.67     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                         | Charter Communications Operating LLC / Charter Communications Operating Capital                                                | CUSIP: 161175CD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      98000 | PA      | $90311.90     | 0.03%             | 2029-01-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                             | Bank of America Corp                                                                                                           | CUSIP: 000000000<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |     170000 | PA      | $214864.42    | 0.07%             | 2029-06-02      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                         | Banco Bilbao Vizcaya Argentaria SA                                                                                             | CUSIP: 05946KAN1<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |     400000 | PA      | $454232.00    | 0.15%             | 2034-11-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ROCHE HOLDINGS INC                               | Roche Holdings Inc                                                                                                             | CUSIP: 771196CP5<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |     284000 | PA      | $284355.00    | 0.09%             | 2029-09-09      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP                             | Las Vegas Sands Corp                                                                                                           | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |     168000 | PA      | $171408.72    | 0.06%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                   | Pagaya AI Debt Trust 2024-2                                                                                                    | CUSIP: 694961AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      37597 | PA      | $37880.77     | 0.01%             | 2031-08-15      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| BNG BANK NV                                      | BNG Bank NV                                                                                                                    | CUSIP: 000000000<br>LEI: 529900GGYMNGRQTDOO93 | Long             | DBT              | NUSS              | NL        |    1773000 | PA      | $1164111.42   | 0.38%             | 2027-07-19      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                          | American Electric Power Co Inc                                                                                                 | CUSIP: 025537BA8<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |     189000 | PA      | $197525.79    | 0.06%             | 2054-12-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                           | Federal Home Loan Banks                                                                                                        | CUSIP: 3130AWN63<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |     865000 | PA      | $871971.90    | 0.28%             | 2028-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                                                                              | CUSIP: 3136B0DZ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     390826 | PA      | $48980.56     | 0.02%             | 2047-12-25      | Floating      | 1.78%                 | No            |                  2 | On Loan: No      |
| POLAND GOVERNMENT BOND                           | Republic of Poland Government Bond                                                                                             | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    3370000 | PA      | $915351.41    | 0.30%             | 2030-07-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2023-DNA2                                                                                        | CUSIP: 35564KT58<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-MBS          | USGSE             | US        |     164745 | PA      | $167320.02    | 0.05%             | 2043-04-25      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| BP CAPITAL MARKETS PLC                           | BP Capital Markets PLC                                                                                                         | CUSIP: 000000000<br>LEI: 549300CRVT18MXX0AG93 | Long             | DBT              | CORP              | GB        |     195000 | PA      | $227986.81    | 0.07%             | 2029-03-22      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD THB                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-5602.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                            | Tenet Healthcare Corp                                                                                                          | CUSIP: 88033GDB3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |      79000 | PA      | $78842.79     | 0.03%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD GBP                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-273.39      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                           | Marlette Funding Trust 2024-1                                                                                                  | CUSIP: 57108VAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      17114 | PA      | $17139.46     | 0.01%             | 2034-07-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                          | PURCHASED USD / SOLD PEN                                                                                                       | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |          1 | NC      | $-7390.05     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CAISSE REFINANCE L'HABIT                         | Caisse de Refinancement de l'Habitat SA                                                                                        | CUSIP: 000000000<br>LEI: 969500TVVZM86W7W5I94 | Long             | DBT              | CORP              | FR        |     200000 | PA      | $238033.20    | 0.08%             | 2028-04-12      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                           | Philip Morris International Inc                                                                                                | CUSIP: 718172CY3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     216000 | PA      | $216270.00    | 0.07%             | 2026-02-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Ovintiv Inc                                      | Ovintiv Inc                                                                                                                    | CUSIP: 012873AK1<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |      17000 | PA      | $18576.75     | 0.01%             | 2031-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO                              | American Express Co                                                                                                            | CUSIP: 000000000<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     105000 | PA      | $124812.82    | 0.04%             | 2032-05-20      | Fixed         | 3.43%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT                                 | Bellemeade Re 2022-2 Ltd                                                                                                       | CUSIP: 07876GAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     372257 | PA      | $374551.42    | 0.12%             | 2032-09-27      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                           | PURCHASED ZAR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | ZA        |          1 | NC      | $880.95       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                   | Air Lease Corp                                                                                                                 | CUSIP: 00912XBP8<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |     266000 | PA      | $204211.46    | 0.07%             | 2028-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| WESTFIELD AMERICA MANAGE                         | Westfield America Management Ltd                                                                                               | CUSIP: 000000000<br>LEI: 875500W7WGQNQWSP6E89 | Long             | DBT              |  | AU        |     100000 | PA      | $126204.16    | 0.04%             | 2029-03-30      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD EUR                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-2005.67     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $5504.11      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3140QN6B3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     783252 | PA      | $656760.62    | 0.21%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                          | Hyundai Capital America                                                                                                        | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     258000 | PA      | $260412.30    | 0.08%             | 2027-01-08      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                          | BPCE SA                                                                                                                        | CUSIP: 05571AAV7<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |     250000 | PA      | $257525.00    | 0.08%             | 2030-01-18      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER                         | Banco de Credito del Peru S.A.                                                                                                 | CUSIP: 05971U2C0<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |     295000 | PA      | $295000.00    | 0.10%             | 2030-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                | NatWest Group PLC                                                                                                              | CUSIP: 000000000<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |     140000 | PA      | $158575.48    | 0.05%             | 2032-09-14      | Fixed         | 1.04%                 | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON FINL SER                         | Harley-Davidson Financial Services Inc                                                                                         | CUSIP: 41283LBB0<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |      37000 | PA      | $37633.44     | 0.01%             | 2029-06-11      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Dominican Republic International Bonds           | Dominican Republic International Bonds                                                                                         | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     221000 | PA      | $222989.00    | 0.07%             | 2027-01-25      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                                                                          | CUSIP: 01F060675<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    1855640 | PA      | $1885577.23   | 0.61%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED JPY / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | JP        |          1 | NC      | $2660.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                                    | FirstCash Inc                                                                                                                  | CUSIP: 33767DAB1<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |      40000 | PA      | $39279.60     | 0.01%             | 2028-09-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Research-Driven Pagaya Motor Asset Trust I       | Research-Driven Pagaya Motor Asset Trust VII                                                                                   | CUSIP: 76088TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      92603 | PA      | $92632.32     | 0.03%             | 2030-11-25      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Trust 2024-R05                                                                                   | CUSIP: 20754XAB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      44107 | PA      | $44065.68     | 0.01%             | 2044-07-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $5378.06      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                                                                     | CUSIP: 21H022671<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1024042 | PA      | $870304.32    | 0.28%             | 2054-07-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos                              | Petroleos Mexicanos                                                                                                            | CUSIP: 71654QCL4<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     120000 | PA      | $83508.00     | 0.03%             | 2048-02-12      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| BAITEREK NATIONAL MANAGI                         | Baiterek National Managing Holding JSC                                                                                         | CUSIP: 05709VAA2<br>LEI: 984500B4F78F04253804 | Long             | DBT              | NUSS              | KZ        |     200000 | PA      | $202148.00    | 0.07%             | 2028-05-08      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                   | Carvana Auto Receivables Trust 2021-P4                                                                                         | CUSIP: 14687KAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     596000 | PA      | $567620.51    | 0.18%             | 2028-09-11      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| TAKEDA PHARMACEUTICAL                            | Takeda Pharmaceutical Co Ltd                                                                                                   | CUSIP: 874060AX4<br>LEI: 549300ZLMVP4X0OGR454 | Long             | DBT              | CORP              | JP        |     200000 | PA      | $179062.00    | 0.06%             | 2030-03-31      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe - Financial Products Division | FTSE 100 IDX FUT SEP25                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | GB        |        -18 | NC      | $28324.75     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD CNH                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-701.11      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ONTARIO PROV GEN STRIP                           | Province of Ontario Generic Coupon Strip                                                                                       | CUSIP: 68323Z5V7<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |     119032 | PA      | $47846.48     | 0.02%             | 2039-06-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust Llc                          | SCF Equipment Trust 2016-1 LLC                                                                                                 | CUSIP: 78437DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $102007.77    | 0.03%             | 2033-11-21      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20753GAB7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      63783 | PA      | $63763.49     | 0.02%             | 2044-05-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | XX        |          1 | NC      | $360607.58    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                           | Williams Cos Inc/The                                                                                                           | CUSIP: 969457CL2<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     192000 | PA      | $194415.36    | 0.06%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE                             | Raizen Fuels Finance SA                                                                                                        | CUSIP: 75102XAE6<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |     400000 | PA      | $391750.00    | 0.13%             | 2037-02-25      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe - Financial Products Division | LONG GILT FUTURE SEP25                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | GB        |         18 | NC      | $54085.39     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CJW2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1017600 | PA      | $1026583.49   | 0.33%             | 2029-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Connecticut Avenue Securities Series 2025-R01                                                                                  | CUSIP: 20755JAB9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      80044 | PA      | $80094.90     | 0.03%             | 2045-01-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: BS2LD99   IRS USD R V 00MSOFR IS2LDA0 CCPOIS / Short: BS2LD99   IRS USD P F  1.50500 IS2LD99 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     420000 | OU      | $19810.87     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Ltd.                    | Long: SS33IS8   IRS CNY R F  1.58250 IS33IS8 CCPNDF / Short: SS33IS8   IRS CNY P V 00MCNRR IS33IT9 CCPNDF                      | CUSIP: 000000000<br>LEI: XKZZ2JZF41MRHTR1V493 | N/A              | DIR              |  | US        |    5759000 | OU      | $3701.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: SS32WP0   IRS NZD R F  4.15500 IS32WP0 CCPVANILLA / Short: SS32WP0   IRS NZD P V 03MNZDBB IS32WQ1 CCPVANILLA             | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     552000 | OU      | $6149.23      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                            | Continental Resources Inc/OK                                                                                                   | CUSIP: 212015AV3<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |     772000 | PA      | $649113.04    | 0.21%             | 2032-04-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR Debt Notes 2015-HQA2                                                                                         | CUSIP: 3137G0HJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      41437 | PA      | $42062.16     | 0.01%             | 2028-05-25      | Floating      | 9.22%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CKX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     296900 | PA      | $302374.09    | 0.10%             | 2029-06-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UBS AG                                           | AO95606 ALLIANCE                                                                                                               | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |      31000 | NC      | $143828.34    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                             | Indonesia Treasury Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 7797000000 | PA      | $490344.13    | 0.16%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Standard Chartered PLC                           | Standard Chartered PLC                                                                                                         | CUSIP: 853254AA8<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |     300000 | PA      | $285411.00    | 0.09%             | 2027-01-30      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| GCI Funding I LLC                                | GCI Funding I LLC                                                                                                              | CUSIP: 36166VAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     319124 | PA      | $293100.05    | 0.09%             | 2046-06-18      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding LLC                   | Wheels Fleet Lease Funding 1 LLC                                                                                               | CUSIP: 96328GBT3<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |     164316 | PA      | $165229.53    | 0.05%             | 2039-06-21      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810TR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     461800 | PA      | $377160.72    | 0.12%             | 2053-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 31418D7E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     365559 | PA      | $290426.82    | 0.09%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC                            | Republic Services Inc                                                                                                          | CUSIP: 760759BL3<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |     295000 | PA      | $300546.00    | 0.10%             | 2030-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                            | Athene Global Funding                                                                                                          | CUSIP: 04685A4G3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |      38000 | PA      | $38828.78     | 0.01%             | 2030-01-07      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                | Italy Buoni Poliennali Del Tesoro                                                                                              | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     408000 | PA      | $515313.08    | 0.17%             | 2034-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal       | CAN 5YR BOND FUT SEP25                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | CA        |         30 | NC      | $10531.01     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LCH Ltd.                                         | Long: BS2LD55   IRS USD R V 00MSOFR IS2LD66 CCPOIS / Short: BS2LD55   IRS USD P F  1.15000 IS2LD55 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     840000 | OU      | $47304.43     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| HONDA MOTOR CO LTD                               | Honda Motor Co Ltd                                                                                                             | CUSIP: 438127AD4<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |     299000 | PA      | $299349.83    | 0.10%             | 2028-07-08      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| SWCH Commercial Mortgage Trust                   | SWCH Commercial Mortgage Trust 2025-DATA                                                                                       | CUSIP: 78489CAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     269316 | PA      | $267323.47    | 0.09%             | 2042-02-15      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                            | Indonesia Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     210000 | PA      | $218805.86    | 0.07%             | 2031-10-30      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                             | Glencore Funding LLC                                                                                                           | CUSIP: 378272BY3<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     148000 | PA      | $149445.96    | 0.05%             | 2028-04-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Multifamily Structured Credit Risk               | Freddie Mac Multifamily Structured Credit Risk                                                                                 | CUSIP: 35563FAA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      53877 | PA      | $53629.82     | 0.02%             | 2051-01-25      | Floating      | 6.30%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                        | ONEOK Inc                                                                                                                      | CUSIP: 682680BL6<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |     155000 | PA      | $162756.20    | 0.05%             | 2033-09-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| QHEL GENERIC STRIP                               | Hydro Quebec Interest Strip                                                                                                    | CUSIP: 44882ZXL2<br>LEI: 6THEVG93PYJH84S4D167 | Long             | DBT              | NUSS              | CA        |     118264 | PA      | $39928.04     | 0.01%             | 2042-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Japan Government Thirty Year Bonds               | Japan Government Thirty Year Bonds                                                                                             | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   76100000 | PA      | $329755.22    | 0.11%             | 2050-09-20      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                               | Credit Agricole SA                                                                                                             | CUSIP: 000000000<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |     200000 | PA      | $135860.63    | 0.04%             | 2029-01-18      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED USD / SOLD CAD                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |          1 | NC      | $22381.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3138WQKW1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      55090 | PA      | $51636.28     | 0.02%             | 2043-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ONTARIO PROV GEN STRIP                           | Province of Ontario Generic Coupon Strip                                                                                       | CUSIP: 68323Z8K8<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |     118264 | PA      | $42684.26     | 0.01%             | 2041-06-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                               | PURCHASED USD / SOLD KRW                                                                                                       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |          1 | NC      | $-69317.12    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRI INC/NY                         | Standard Industries Inc/NY                                                                                                     | CUSIP: 853496AD9<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |     120000 | PA      | $118738.80    | 0.04%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Republic of Panama                               | Panama Government International Bond                                                                                           | CUSIP: 698299AK0<br>LEI: 549300SHS4T08CL0LP14 | Long             | DBT              | NUSS              | PA        |      85000 | PA      | $95752.50     | 0.03%             | 2029-04-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| Boca Commercial Mortgage Trust                   | BOCA Commercial Mortgage Trust 2024-BOCA                                                                                       | CUSIP: 096817AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     280340 | PA      | $281040.85    | 0.09%             | 2041-08-15      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Neighborly Issuer LLC                            | Neighborly Issuer 2023-1                                                                                                       | CUSIP: 64016NAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1016600 | PA      | $1036997.06   | 0.33%             | 2053-01-30      | Fixed         | 7.31%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD EUR                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-7289.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AB Issuer LLC                                    | AB Issuer LLC                                                                                                                  | CUSIP: 00091JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1096936 | PA      | $1025877.22   | 0.33%             | 2051-07-30      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD EUR                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-5581.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust              | PenFed Auto Receivables Owner Trust                                                                                            | CUSIP: 70687FAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      69000 | PA      | $69257.38     | 0.02%             | 2029-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| HONG KONG MORTGAGE CORP                          | Hong Kong Mortgage Corp Ltd/The                                                                                                | CUSIP: 000000000<br>LEI: 254900W04TBDJ4UBOS04 | Long             | DBT              | NUSS              | HK        |    2000000 | PA      | $282464.59    | 0.09%             | 2031-10-18      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                     | Barclays PLC                                                                                                                   | CUSIP: 06738ECP8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     270000 | PA      | $275167.80    | 0.09%             | 2028-03-12      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3140QMZC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     605561 | PA      | $508712.55    | 0.16%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| QHEL GENERIC STRIP                               | Hydro Quebec Interest Strip                                                                                                    | CUSIP: 44882ZXP3<br>LEI: 6THEVG93PYJH84S4D167 | Long             | DBT              | NUSS              | CA        |     118264 | PA      | $36976.10     | 0.01%             | 2044-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOCIEDAD QUIMICA Y MINER                         | Sociedad Quimica y Minera de Chile SA                                                                                          | CUSIP: 000000000<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | DBT              | CORP              | CL        |     200000 | PA      | $195250.00    | 0.06%             | 2034-09-10      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3138Y3U58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      40486 | PA      | $39387.09     | 0.01%             | 2029-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                   | Long: SELS59956 TRS CHF R F   .00000 SELS59956/SMU5 / Short: SELS59956 TRS CHF P E SELS59956/DE000C68D780                      | CUSIP: 000000000<br>LEI: IGJSJL3JD5P30I6NJZ34 | N/A              | DE               |  | CH        |     484192 | OU      | $10274.23     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                           | PURCHASED USD / SOLD NZD                                                                                                       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-5430.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                         | Omega Healthcare Investors Inc                                                                                                 | CUSIP: 681936BP4<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              |  | US        |      53000 | PA      | $53319.06     | 0.02%             | 2030-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $8481.78      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                           | Standard Chartered PLC                                                                                                         | CUSIP: 853254CG3<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |     255000 | PA      | $247684.05    | 0.08%             | 2028-01-12      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| BPCE SFH - SOCIETE DE FI                         | BPCE SFH SA                                                                                                                    | CUSIP: 000000000<br>LEI: 969500T1UBNNTYVWOS04 | Long             | DBT              | CORP              | FR        |     400000 | PA      | $431978.06    | 0.14%             | 2029-01-29      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING                         | JH North America Holdings Inc                                                                                                  | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |     142000 | PA      | $143243.92    | 0.05%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SWEDBANK AB                                      | Swedbank AB                                                                                                                    | CUSIP: 000000000<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |     292000 | PA      | $348887.12    | 0.11%             | 2032-08-23      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| EDP SERVICIOS FIN ESP SA                         | EDP Servicios Financieros Espana SA                                                                                            | CUSIP: 000000000<br>LEI: 5299003GHAFB78O1NU77 | Long             | DBT              | CORP              | ES        |     100000 | PA      | $120096.78    | 0.04%             | 2030-07-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BX Trust                                         | BX Commercial Mortgage Trust 2019-IMC                                                                                          | CUSIP: 05608BAN0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     430256 | PA      | $420037.42    | 0.14%             | 2034-04-15      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: SS32WV6   IRS NZD R F  4.15250 IS32WV6 CCPVANILLA / Short: SS32WV6   IRS NZD P V 03MNZDBB IS32WW7 CCPVANILLA             | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    1088000 | OU      | $11980.80     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                                     | Entegris Inc                                                                                                                   | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |     429000 | PA      | $424782.93    | 0.14%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes          | Santander Bank Auto Credit-Linked Notes Series 2022-C                                                                          | CUSIP: 80290CBF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      13254 | PA      | $13267.45     | 0.00%             | 2032-12-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                                | General Mills Inc                                                                                                              | CUSIP: 370334DA9<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |     120000 | PA      | $121959.60    | 0.04%             | 2030-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALPEK SA DE CV                                   | Alpek SAB de CV                                                                                                                | CUSIP: 000000000<br>LEI: 549300PWKJTP62D4IQ66 | Long             | DBT              | CORP              | MX        |     200000 | PA      | $190062.50    | 0.06%             | 2029-09-18      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                       | U.K. Gilts                                                                                                                     | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     340092 | PA      | $446305.46    | 0.14%             | 2043-10-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| OCHSNER LSU HEALTH SYST                          | Ochsner LSU Health System of North Louisiana                                                                                   | CUSIP: 67555JAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     810000 | PA      | $663462.90    | 0.21%             | 2031-05-15      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                          | Nissan Motor Acceptance Co LLC                                                                                                 | CUSIP: 65480CAG0<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |      59000 | PA      | $57921.48     | 0.02%             | 2027-09-13      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Accelerated Assets                               | Accelerated 2024-1 LLC                                                                                                         | CUSIP: 00440MAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     147464 | PA      | $146607.73    | 0.05%             | 2044-08-22      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| Sierra Receivables Funding Co LLC                | Sierra Timeshare 2024-2 Receivables Funding LLC                                                                                | CUSIP: 82650DAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      81003 | PA      | $81644.18     | 0.03%             | 2041-06-20      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2024-HQA2                                                                                        | CUSIP: 35564NDZ3<br>LEI: 5299002OYNAPMJKK2A73 | Long             | ABS-MBS          | USGSE             | US        |     482630 | PA      | $482779.70    | 0.16%             | 2044-08-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CLF6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     212400 | PA      | $207488.25    | 0.07%             | 2034-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CAIXABANK SA                                     | CaixaBank SA                                                                                                                   | CUSIP: 12803RAL8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |     238000 | PA      | $239080.52    | 0.08%             | 2031-07-03      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                          | Hyundai Capital America                                                                                                        | CUSIP: 44891ADB0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |      70000 | PA      | $70868.00     | 0.02%             | 2027-06-24      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA NA                                 | PURCHASED USD / SOLD PEN                                                                                                       | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |          1 | NC      | $-6083.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KBC GROUP NV                                     | KBC Group NV                                                                                                                   | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |     100000 | PA      | $122509.22    | 0.04%             | 2033-04-25      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| COMMERZBANK AG                                   | Commerzbank AG                                                                                                                 | CUSIP: 000000000<br>LEI: 851WYGNLUQLFZBSYGB56 | Long             | DBT              | CORP              | DE        |     200000 | PA      | $248707.79    | 0.08%             | 2031-01-17      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                                       | Affirm Asset Securitization Trust 2021-Z2                                                                                      | CUSIP: 00834TAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       1150 | PA      | $1148.75      | 0.00%             | 2026-11-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 31417DRX3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     163042 | PA      | $153108.19    | 0.05%             | 2042-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC                                 | NMEF Funding 2024-A LLC                                                                                                        | CUSIP: 62919UAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     172290 | PA      | $173043.84    | 0.06%             | 2031-12-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH                              | Suzano Austria GmbH                                                                                                            | CUSIP: 86964WAF9<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |     200000 | PA      | $205500.00    | 0.07%             | 2029-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $15922.83     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes                                                                                          | CUSIP: 91282CLE9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    6643844 | PA      | $6658118.33   | 2.15%             | 2034-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Ballyrock Ltd                                    | Ballyrock CLO 17 Ltd                                                                                                           | CUSIP: 05876LAA1<br>LEI: 254900J6ILFT5YJVHO91 | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $250076.50    | 0.08%             | 2034-10-20      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                         | Electricite de France SA                                                                                                       | CUSIP: 28504KAA5<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |     200000 | PA      | $225830.00    | 0.07%             | 2033-03-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: BS2LDB1   IRS USD R V 00MSOFR IS2LDC2 CCPOIS / Short: BS2LDB1   IRS USD P F  1.45000 IS2LDB1 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     420000 | OU      | $20421.28     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| KBC Group NV                                     | KBC Group NV                                                                                                                   | CUSIP: 000000000<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |     100000 | PA      | $123890.96    | 0.04%             | 2030-04-19      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                         | American Airlines Inc/AAdvantage Loyalty IP Ltd                                                                                | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |      81000 | PA      | $81188.73     | 0.03%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ONTARIO PROV GEN STRIP                           | Province of Ontario Generic Coupon Strip                                                                                       | CUSIP: 68323Z8J1<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |     118263 | PA      | $43828.92     | 0.01%             | 2040-12-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                                                                     | CUSIP: 21H040673<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     667680 | PA      | $620488.91    | 0.20%             | 2054-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3138WTF43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       3036 | PA      | $2968.44      | 0.00%             | 2028-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT CANADA CO/CA                         | Ford Credit Canada Co/Canada                                                                                                   | CUSIP: 34527ACP3<br>LEI: 2549003B8W74KJLQJA63 | Long             | DBT              | CORP              | CA        |     210000 | PA      | $159809.52    | 0.05%             | 2028-11-10      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| College Ave Student Loans                        | College Ave Student Loans 2021-C LLC                                                                                           | CUSIP: 19424WAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     220859 | PA      | $201659.92    | 0.07%             | 2055-07-26      | Fixed         | 2.72%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                   | Pagaya Ai Debt Grantor Trust 2024-9                                                                                            | CUSIP: 69546QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     409388 | PA      | $408934.10    | 0.13%             | 2032-03-15      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| Kingdom of Belgium Government Bonds              | Kingdom of Belgium Government Bonds                                                                                            | CUSIP: 000000000<br>LEI: 549300SZ25JZFHRHWD76 | Long             | DBT              | NUSS              | BE        |      43828 | PA      | $50735.10     | 0.02%             | 2034-10-22      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| Aimco                                            | AIMCO CLO Series 2015-A                                                                                                        | CUSIP: 00900LAY0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     280000 | PA      | $280218.68    | 0.09%             | 2034-10-17      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CGM7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4785000 | PA      | $4613412.87   | 1.49%             | 2033-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                      | Hertz Vehicle Financing III LLC                                                                                                | CUSIP: 42806MCT4<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |     145000 | PA      | $145486.82    | 0.05%             | 2029-09-25      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3138W3UZ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      10087 | PA      | $9882.89      | 0.00%             | 2028-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD BRL                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-7610.55     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| California Earthquake Authority                  | CALIFORNIA ST EARTHQUAKE AUTH                                                                                                  | CUSIP: 13017HAP1<br>LEI: 254900P2MGLOUH3QS859 | Long             | DBT              | MUN               | US        |     110000 | PA      | $111168.88    | 0.04%             | 2027-07-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                                                                     | CUSIP: 21H060671<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1246031 | PA      | $1263478.42   | 0.41%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitization Trust          | United Auto Credit Securitization Trust 2025-1                                                                                 | CUSIP: 90945JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     142165 | PA      | $142158.40    | 0.05%             | 2027-06-10      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| NJ Trust 2023-GSP                                | NJ Trust 2023-GSP                                                                                                              | CUSIP: 65486XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     164720 | PA      | $173246.81    | 0.06%             | 2029-01-06      | Variable      | 6.48%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810SZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     111900 | PA      | $64622.25     | 0.02%             | 2051-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                               | Ford Motor Co                                                                                                                  | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     715000 | PA      | $602888.00    | 0.19%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC                         | Lloyds Banking Group PLC                                                                                                       | CUSIP: 53944YBC6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |     233000 | PA      | $236061.62    | 0.08%             | 2028-11-26      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Osaka Exchange                                   | JPN 10Y BOND(OSE) SEP25                                                                                                        | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DIR              |  | JP        |         -8 | NC      | $-20173.47    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Republic of Austria Government Bonds             | Republic of Austria Government Bonds                                                                                           | CUSIP: 000000000<br>LEI: 529900QWWUI4XRVR7I03 | Long             | DBT              | NUSS              | AT        |     494000 | PA      | $520789.86    | 0.17%             | 2032-02-20      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| FISERV INC                                       | Fiserv Inc                                                                                                                     | CUSIP: 337738BH0<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |     114000 | PA      | $118384.44    | 0.04%             | 2033-08-21      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD GBP                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-2619.95     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3140FHQK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       5396 | PA      | $5190.16      | 0.00%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Italy Buoni Poliennali Del Tesoro                | Italy Buoni Poliennali Del Tesoro                                                                                              | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     364000 | PA      | $447695.83    | 0.14%             | 2037-10-30      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     674000 | PA      | $643169.76    | 0.21%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Pikes Peak CLO                                   | Pikes Peak Clo 15 2023 Ltd                                                                                                     | CUSIP: 720922AA1<br>LEI: 213800Z4RS2ZM3411T95 | Long             | ABS-CBDO         | CORP              | JE        |     250000 | PA      | $250611.50    | 0.08%             | 2036-10-20      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC                                | National Grid PLC                                                                                                              | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | DBT              | CORP              | GB        |     113000 | PA      | $120528.35    | 0.04%             | 2029-09-18      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| BUONI POLIENNALI DEL TES                         | Italy Buoni Poliennali Del Tesoro                                                                                              | CUSIP: 000000000<br>LEI: 815600DE60799F5A9309 | Long             | DBT              | NUSS              | IT        |     134000 | PA      | $151286.91    | 0.05%             | 2038-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD EUR                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-186.75      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NXP BV/NXP FUNDING LLC                           | NXP BV / NXP Funding LLC                                                                                                       | CUSIP: 62947QBC1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     204000 | PA      | $210634.08    | 0.07%             | 2028-12-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD AUD                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-14533.19    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20754TAB8<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      75212 | PA      | $75259.14     | 0.02%             | 2045-02-25      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $3930.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                            | Athene Global Funding                                                                                                          | CUSIP: 04685A2R1<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |      15000 | PA      | $13356.00     | 0.00%             | 2030-11-19      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | EURO-BUND FUTURE SEP25                                                                                                         | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |        -16 | NC      | $5076.78      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD EUR                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-564.68      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED AUD / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | AU        |          1 | NC      | $12505.76     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Kings Park CLO Ltd                               | Kings Park CLO Ltd                                                                                                             | CUSIP: 496094AA1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $250070.00    | 0.08%             | 2035-01-21      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| U.K. Gilts                                       | U.K. Gilts                                                                                                                     | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     357000 | PA      | $498792.88    | 0.16%             | 2030-03-07      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INFOR INC                                        | Infor LLC                                                                                                                      | CUSIP: 45674CAA1<br>LEI: 549300Q3IIYBYI4RHD64 | Long             | DBT              | CORP              | US        |     227000 | PA      | $226645.88    | 0.07%             | 2025-07-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                          | Nissan Motor Acceptance Co LLC                                                                                                 | CUSIP: 65480CAC9<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |     143000 | PA      | $136527.82    | 0.04%             | 2026-09-16      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                         | Electricite de France SA                                                                                                       | CUSIP: 268317AW4<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |      77000 | PA      | $61176.73     | 0.02%             | 2030-05-23      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                          | Nationwide Building Society                                                                                                    | CUSIP: 63861VAG2<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |     384000 | PA      | $386039.04    | 0.12%             | 2028-02-16      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: SS32CF0   IRS CNY R F  1.61550 SS32CF0/1.6155 CCP / Short: SS32CF0   IRS CNY P V 00MCNRR CNRR007/1W/CCP/IS32CG1          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | CN        |   11433000 | OU      | $9517.51      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LIMA METRO LINE 2 FIN LT                         | Lima Metro Line 2 Finance Ltd                                                                                                  | CUSIP: 532522AB5<br>LEI: 5493009BVQNQT1UKQ352 | Long             | DBT              | CORP              | KY        |     334726 | PA      | $314726.08    | 0.10%             | 2036-04-05      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                                                                                             | CUSIP: 3137FAXY9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     309500 | PA      | $36503.74     | 0.01%             | 2047-09-15      | Floating      | 1.73%                 | No            |                  2 | On Loan: No      |
| L Street Securities                              | Wells Fargo Credit Risk Transfer Securities Trust 2015                                                                         | CUSIP: 949771AG4<br>LEI: 549300T6W1U156OOG754 | Long             | ABS-MBS          | CORP              | US        |      24150 | PA      | $25260.47     | 0.01%             | 2025-11-25      | Floating      | 9.92%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20755TAA9<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     100115 | PA      | $100148.14    | 0.03%             | 2045-05-25      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                         | Warnermedia Holdings Inc                                                                                                       | CUSIP: 55903VBC6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |     669000 | PA      | $497481.78    | 0.16%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust                            | CCG Receivables Trust 2025-1                                                                                                   | CUSIP: 12515XAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     100000 | PA      | $100382.69    | 0.03%             | 2032-10-14      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: BS2LD33   IRS USD R V 00MSOFR IS2LD44 CCPOIS / Short: BS2LD33   IRS USD P F  1.57000 IS2LD33 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    1990000 | OU      | $48267.22     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                            | China Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    8340000 | PA      | $1203265.12   | 0.39%             | 2034-08-25      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| GCAT                                             | GCAT 2025-NQM2 Trust                                                                                                           | CUSIP: 36171HAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      99506 | PA      | $99849.22     | 0.03%             | 2070-04-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                   | PURCHASED USD / SOLD MXN                                                                                                       | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |          1 | NC      | $-18223.52    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON FINL SER                         | Harley-Davidson Financial Services Inc                                                                                         | CUSIP: 41284VAC6<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |      73000 | PA      | $75390.75     | 0.02%             | 2028-03-10      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ATHENE GLOBAL FUNDING                            | Athene Global Funding                                                                                                          | CUSIP: 04685A3Q2<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |       2000 | PA      | $2054.92      | 0.00%             | 2029-01-09      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM                         | Volcan Cia Minera SAA                                                                                                          | CUSIP: 92863UAC0<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |     112000 | PA      | $110950.00    | 0.04%             | 2030-01-24      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                               | Banco Santander SA                                                                                                             | CUSIP: 05964HBD6<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |     200000 | PA      | $209298.00    | 0.07%             | 2034-03-14      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| ZF FINANCE GMBH                                  | ZF Finance GmbH                                                                                                                | CUSIP: 000000000<br>LEI: 5493001N9T6QDCCXB426 | Long             | DBT              | CORP              | DE        |     100000 | PA      | $111570.77    | 0.04%             | 2027-05-06      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Altria Group Inc                                 | Altria Group Inc                                                                                                               | CUSIP: 02209SAZ6<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |     205000 | PA      | $237623.45    | 0.08%             | 2031-06-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810SR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     225000 | PA      | $139886.72    | 0.05%             | 2040-05-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN MEDICAL SYST EU                         | American Medical Systems Europe BV                                                                                             | CUSIP: 000000000<br>LEI: 549300AA2JE6ZQ5D2493 | Long             | DBT              | CORP              | NL        |     116000 | PA      | $136401.78    | 0.04%             | 2031-03-08      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                     | GS Mortgage Securities Trust 2011-GC5                                                                                          | CUSIP: 36191YAL2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      25719 | PA      | $19235.10     | 0.01%             | 2044-08-10      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| SWISS RE FINANCE LUX                             | Swiss Re Finance Luxembourg SA                                                                                                 | CUSIP: 000000000<br>LEI: 549300CLQZ6TM98LW631 | Long             | DBT              | CORP              | LU        |     200000 | PA      | $199170.00    | 0.06%             | 2049-04-02      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Corp. Nacional del Cobre de Chile                | Corp. Nacional del Cobre de Chile                                                                                              | CUSIP: 000000000<br>LEI: 549300UVMBCBCIPSUI70 | Long             | DBT              | CORP              | CL        |     200000 | PA      | $203750.00    | 0.07%             | 2034-01-08      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CREDIT AGRICOLE HOME LOA                         | Credit Agricole Home Loan SFH SA                                                                                               | CUSIP: 000000000<br>LEI: 969500C9913Z7PKUGB44 | Long             | DBT              | CORP              | FR        |     300000 | PA      | $343193.57    | 0.11%             | 2027-08-31      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD AUD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-3125.36     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SUEZ                                             | Suez SACA                                                                                                                      | CUSIP: 000000000<br>LEI: 5493007LKZ37MXEN5D79 | Long             | DBT              | CORP              | FR        |     100000 | PA      | $114023.27    | 0.04%             | 2030-05-24      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $38296.36     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| E.ON INTL FINANCE BV                             | E.ON International Finance BV                                                                                                  | CUSIP: 000000000<br>LEI: 549300TG53AWJ719M814 | Long             | DBT              | CORP              | NL        |     104000 | PA      | $117013.66    | 0.04%             | 2029-07-31      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                         | Capital One Financial Corp                                                                                                     | CUSIP: 14040HCX1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |     162000 | PA      | $165870.18    | 0.05%             | 2029-02-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                          | JetBlue Airways Corp / JetBlue Loyalty LP                                                                                      | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     135000 | PA      | $131419.80    | 0.04%             | 2031-08-12      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Australia Government Bonds                       | Australia Government Bonds                                                                                                     | CUSIP: 000000000<br>LEI: 213800J6B7JSBDETCB42 | Long             | DBT              | NUSS              | AU        |     773000 | PA      | $500991.67    | 0.16%             | 2054-06-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                        | Nelnet Student Loan Trust 2021-C                                                                                               | CUSIP: 64035GAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     499329 | PA      | $435324.56    | 0.14%             | 2062-04-20      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2025-DNA2                                                                                        | CUSIP: 35564NHY2<br>LEI: 529900XX8WXEM4FBIH80 | Long             | ABS-MBS          | USGSE             | US        |      89815 | PA      | $89848.02     | 0.03%             | 2045-05-25      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| BANCO SANTANDER SA                               | Banco Santander SA                                                                                                             | CUSIP: 05964HAQ8<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |     600000 | PA      | $596322.00    | 0.19%             | 2028-03-24      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                           | PURCHASED USD / SOLD EUR                                                                                                       | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |          1 | NC      | $-382032.24   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                                                                                            | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    1455000 | PA      | $1443808.62   | 0.47%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                         | Occidental Petroleum Corp                                                                                                      | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     234000 | PA      | $234774.54    | 0.08%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                                                                                             | CUSIP: 3137BYRV4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     992543 | PA      | $126591.24    | 0.04%             | 2047-06-15      | Floating      | 1.73%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                                   | Starbucks Corp                                                                                                                 | CUSIP: 855244BG3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |     272000 | PA      | $274469.76    | 0.09%             | 2027-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3140Q9T37<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     180660 | PA      | $175811.20    | 0.06%             | 2048-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Neighborly Issuer LLC                            | Neighborly Issuer 2022-1                                                                                                       | CUSIP: 64016NAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     813668 | PA      | $754547.40    | 0.24%             | 2052-01-30      | Fixed         | 3.69%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                            | China Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    1170000 | PA      | $205939.92    | 0.07%             | 2053-04-15      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                     | Ecopetrol SA                                                                                                                   | CUSIP: 279158AT6<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     253000 | PA      | $267264.14    | 0.09%             | 2029-01-19      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CLARIV SCI HLD CORP                              | Clarivate Science Holdings Corp                                                                                                | CUSIP: 18064PAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      53000 | PA      | $50787.25     | 0.02%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                              | SPI 200 FUTURES SEP25                                                                                                          | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DE               |  | AU        |         -3 | NC      | $376.30       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Citibank NA                                      | PURCHASED USD / SOLD EUR                                                                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $-322520.10   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| ROYAL BK CANADA TORONTO                          | Royal Bank of Canada/Toronto                                                                                                   | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |     120000 | PA      | $82322.74     | 0.03%             | 2028-10-04      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding LLC                   | Wheels Fleet Lease Funding 1 LLC                                                                                               | CUSIP: 96328GBG1<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |      79677 | PA      | $80762.59     | 0.03%             | 2038-08-18      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust                       | Verus Securitization Trust 2025-5                                                                                              | CUSIP: 92540XAA9<br>LEI: 213800Z7TIVJRAYLRV98 | Long             | ABS-MBS          | CORP              | US        |     100000 | PA      | $100318.26    | 0.03%             | 2070-06-25      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| CRED MUTUEL HOME LOAN SF                         | Credit Mutuel Home Loan SFH SA                                                                                                 | CUSIP: 000000000<br>LEI: 9695009KQA7MMTQL8E07 | Long             | DBT              | CORP              | FR        |     100000 | PA      | $120918.99    | 0.04%             | 2029-10-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DTP Commercial Mortgage Trust                    | DTP Commercial Mortgage Trust 2023-STE2                                                                                        | CUSIP: 23346GAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     116000 | PA      | $118838.59    | 0.04%             | 2041-01-15      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                      | SBNA Auto Receivables Trust 2025-SF1                                                                                           | CUSIP: 78437XAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      40000 | PA      | $40005.47     | 0.01%             | 2031-03-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| WOODSIDE FINANCE LTD                             | Woodside Finance Ltd                                                                                                           | CUSIP: 980236AT0<br>LEI: 254900AIZKU6TGRRNZ98 | Long             | DBT              | CORP              | AU        |      46000 | PA      | $46630.20     | 0.02%             | 2030-05-19      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $7901.82      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CJA0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4003500 | PA      | $4113909.00   | 1.33%             | 2028-09-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Bundesrepublik Deutschland Bundesanleihe         | Bundesrepublik Deutschland Bundesanleihe                                                                                       | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |     254266 | PA      | $261345.88    | 0.08%             | 2031-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3140Q9T45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     245460 | PA      | $238871.91    | 0.08%             | 2048-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     138700 | PA      | $84861.64     | 0.03%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                              | American Tower Corp                                                                                                            | CUSIP: 03027XCG3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     184000 | PA      | $188404.96    | 0.06%             | 2029-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1034800 | PA      | $729493.58    | 0.24%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO                              | Travel + Leisure Co                                                                                                            | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |      40000 | PA      | $40410.00     | 0.01%             | 2026-07-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Osaka Exchange                                   | TOPIX INDX FUTR SEP25                                                                                                          | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |          3 | NC      | $12726.42     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| COLT Funding LLC                                 | COLT 2025-5 Mortgage Loan Trust                                                                                                | CUSIP: 19689AAA3<br>LEI: 213800S6EGXVNRKXHN58 | Long             | ABS-MBS          | CORP              | US        |     121712 | PA      | $121969.83    | 0.04%             | 2070-05-25      | Variable      | 5.54%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US ULTRA BOND CBT SEP25                                                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -15 | NC      | $-48476.22    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810TJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     320800 | PA      | $231965.97    | 0.07%             | 2052-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Parking Meters LLC                       | CHICAGO PARKING METERS 4.93 30                                                                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     800000 | PA      | $797198.48    | 0.26%             | 2025-12-30      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae II Pool                                                                                                             | CUSIP: 36179XLH7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1394410 | PA      | $1376996.57   | 0.44%             | 2052-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust 2025-6                                                                                                | CUSIP: 034937AA0<br>LEI: 254900GRN1I3WMM1H095 | Long             | ABS-MBS          | CORP              | US        |      71121 | PA      | $71308.76     | 0.02%             | 2070-04-25      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                               | PURCHASED USD / SOLD CHF                                                                                                       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |          1 | NC      | $-222335.71   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| VZ VENDOR FINANCING                              | VZ Vendor Financing II BV                                                                                                      | CUSIP: 000000000<br>LEI: 724500DRKUUR3GFOSK76 | Long             | DBT              | CORP              | NL        |     320000 | PA      | $342254.03    | 0.11%             | 2029-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| SSE PLC                                          | SSE PLC                                                                                                                        | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | DBT              | CORP              | GB        |      56000 | PA      | $85832.77     | 0.03%             | 2028-11-20      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | EURO-OAT FUTURE SEP25                                                                                                          | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         13 | NC      | $-13338.09    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CONTINENTAL RESOURCES                            | Continental Resources Inc/OK                                                                                                   | CUSIP: 212015AT8<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |     414000 | PA      | $417763.26    | 0.13%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                                   | S&P Global Inc                                                                                                                 | CUSIP: 78409VBG8<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |     125000 | PA      | $124993.75    | 0.04%             | 2029-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AIR PRODUCTS & CHEMICALS                         | Air Products and Chemicals Inc                                                                                                 | CUSIP: 000000000<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | DBT              | CORP              | US        |     103000 | PA      | $120451.71    | 0.04%             | 2032-06-16      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                                                                     | CUSIP: 21H030674<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    1342713 | PA      | $1186500.70   | 0.38%             | 2054-07-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                               | Regal Rexnord Corp                                                                                                             | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |     489000 | PA      | $491723.73    | 0.16%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CKQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     743300 | PA      | $755146.34    | 0.24%             | 2034-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE FINANCIAL LTD                         | John Deere Financial Ltd                                                                                                       | CUSIP: 000000000<br>LEI: C4WFU2AMZQ28CSQ23X49 | Long             | DBT              | CORP              | AU        |     230000 | PA      | $155469.23    | 0.05%             | 2029-06-28      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                             | Glencore Funding LLC                                                                                                           | CUSIP: 378272BR8<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     146000 | PA      | $148087.80    | 0.05%             | 2027-04-04      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD GBP                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-12685.28    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                           | Aviation Capital Group LLC                                                                                                     | CUSIP: 05369AAD3<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |      12000 | PA      | $11986.20     | 0.00%             | 2025-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| iShares Core MSCI EAFE ETF                       | iShares Core MSCI EAFE ETF                                                                                                     | CUSIP: 46432F842<br>LEI: 5493009FT582MI7Y3I36 | Long             | EC               | RF                | US        |     249082 | NS      | $20793365.36  | 6.71%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810QD3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    4357900 | PA      | $4272103.84   | 1.38%             | 2039-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20753ACJ1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     215755 | PA      | $218878.18    | 0.07%             | 2043-04-25      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| ONTARIO PROV GEN STRIP                           | Province of Ontario Generic Coupon Strip                                                                                       | CUSIP: 68323Z5U9<br>LEI: C7PVKCRGLG18EBQGZV36 | Long             | DBT              | NUSS              | CA        |     119031 | PA      | $48967.76     | 0.02%             | 2038-12-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes                                                                                          | CUSIP: 91282CHP9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    6145842 | PA      | $5971070.07   | 1.93%             | 2033-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Merchants Fleet Funding LLC                      | Merchants Fleet Funding LLC                                                                                                    | CUSIP: 588926AA3<br>LEI: 254900Z2OOQUA5IN2X83 | Long             | ABS-O            | CORP              | US        |      71385 | PA      | $71969.79     | 0.02%             | 2036-05-20      | Fixed         | 7.21%                 | No            |                  2 | On Loan: No      |
| SWIRE PROPERT MTN FIN                            | Swire Properties MTN Financing Ltd                                                                                             | CUSIP: 000000000<br>LEI: 549300MYFUCWFUIC4803 | Long             | DBT              | CORP              | HK        |    1000000 | PA      | $142297.82    | 0.05%             | 2029-09-03      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                 | Deutsche Bank AG/New York NY                                                                                                   | CUSIP: 251526CF4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |     200000 | PA      | $183058.00    | 0.06%             | 2032-01-14      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                                                                   | CUSIP: 225401BH0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     200000 | PA      | $199684.00    | 0.06%             | 2030-02-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd                         | Neuberger Berman Loan Advisers Clo 42 Ltd                                                                                      | CUSIP: 64133WAL9<br>LEI: 549300LGCRX4YI1JNS93 | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $249250.00    | 0.08%             | 2035-07-16      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810SQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    3964000 | PA      | $2439253.58   | 0.79%             | 2040-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                           | MSCI EMGMKT SEP25                                                                                                              | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        -14 | NC      | $-18089.26    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| U.K. Gilts                                       | U.K. Gilts                                                                                                                     | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |    1063903 | PA      | $1451822.97   | 0.47%             | 2031-10-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                           | Philip Morris International Inc                                                                                                | CUSIP: 718172DT3<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     101000 | PA      | $100737.40    | 0.03%             | 2030-04-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets Ltd.                    | Long: SS33IU0   IRS CNY R F  1.59050 IS33IU0 CCPNDF / Short: SS33IU0   IRS CNY P V 00MCNRR IS33IV1 CCPNDF                      | CUSIP: 000000000<br>LEI: XKZZ2JZF41MRHTR1V493 | N/A              | DIR              |  | US        |    6221000 | OU      | $4333.99      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                                                                                               | CUSIP: 3132DWDS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     590394 | PA      | $511481.20    | 0.17%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                          | Dell International LLC / EMC Corp                                                                                              | CUSIP: 24703TAP1<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     157000 | PA      | $158584.13    | 0.05%             | 2035-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2022-DNA4                                                                                        | CUSIP: 35564KWT2<br>LEI: 5493000IS4CDPWRMWB65 | Long             | ABS-MBS          | USGSE             | US        |     878104 | PA      | $912459.82    | 0.29%             | 2042-05-25      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF           | iShares Core MSCI Emerging Markets ETF                                                                                         | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             | EC               | RF                | US        |     138734 | NS      | $8328202.02   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP INC                                    | Citigroup Inc                                                                                                                  | CUSIP: 172967NB3<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     204000 | PA      | $198922.44    | 0.06%             | 2026-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                         | Organon & Co / Organon Foreign Debt Co-Issuer BV                                                                               | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     200000 | PA      | $192238.00    | 0.06%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: BS2LJF7   IRS USD R V 00MUSCPI IS2LJG8 CCP INFLATION / Short: BS2LJF7   IRS USD P F  2.75250 BS2LJF7 CCP INFLATION       | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    4160000 | OU      | $82972.36     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| ALPHABET INC                                     | Alphabet Inc                                                                                                                   | CUSIP: 000000000<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |     122000 | PA      | $143626.63    | 0.05%             | 2029-05-06      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV                          | Fidelity National Information Services Inc                                                                                     | CUSIP: 000000000<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |     178000 | PA      | $200015.48    | 0.06%             | 2030-05-21      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal       | S+P/TSX 60 IX FUT SEP25                                                                                                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |         -4 | NC      | $-7877.37     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Issuer LLC                               | Diamond Issuer LLC                                                                                                             | CUSIP: 25267TAN1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    1138527 | PA      | $1073764.40   | 0.35%             | 2051-11-20      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Ltd.     | 10YR MINI JGB FUT SEP25                                                                                                        | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DIR              |  | SG        |          6 | NC      | $1895.06      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER CORP                              | American Tower Corp                                                                                                            | CUSIP: 000000000<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |     191000 | PA      | $213244.17    | 0.07%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                         | Prime Security Services Borrower LLC / Prime Finance Inc                                                                       | CUSIP: 74166MAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      30000 | PA      | $29022.00     | 0.01%             | 2027-08-31      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED NOK / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | NO        |          1 | NC      | $17326.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 10YR NOTE (CBT)SEP25                                                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -29 | NC      | $-51113.38    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20755RAB1<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      28540 | PA      | $28539.83     | 0.01%             | 2044-09-25      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| QHEL GENERIC STRIP                               | Hydro Quebec Interest Strip                                                                                                    | CUSIP: 44882ZXJ7<br>LEI: 6THEVG93PYJH84S4D167 | Long             | DBT              | NUSS              | CA        |     118263 | PA      | $42027.24     | 0.01%             | 2041-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | EURO STOXX 50 SEP25                                                                                                            | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |         -9 | NC      | $1746.26      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lendbuzz Securitization Trust                    | Lendbuzz Securitization Trust 2025-2                                                                                           | CUSIP: 52611JAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     127000 | PA      | $127341.83    | 0.04%             | 2030-05-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3140E6KU5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     464422 | PA      | $414247.64    | 0.13%             | 2045-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                          | Hyundai Capital America                                                                                                        | CUSIP: 44891ACA3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |     211000 | PA      | $194734.01    | 0.06%             | 2028-09-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3140FLCM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     200230 | PA      | $192673.85    | 0.06%             | 2031-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac Pool                                                                                                               | CUSIP: 31346YAV5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     173314 | PA      | $158522.21    | 0.05%             | 2049-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENER HOUSTON                         | CenterPoint Energy Houston Electric LLC                                                                                        | CUSIP: 15189XBB3<br>LEI: 549300S8SEQBOJLKHW63 | Long             | DBT              | CORP              | US        |      10000 | PA      | $10046.10     | 0.00%             | 2033-04-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ORBIA ADVANCE CORP SAB                           | Orbia Advance Corp SAB de CV                                                                                                   | CUSIP: 68560EAC2<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |     200000 | PA      | $204900.00    | 0.07%             | 2030-05-13      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $3899.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                      | PURCHASED COP / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | CO        |          1 | NC      | $-761.65      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | Citigroup Inc                                                                                                                  | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     196000 | PA      | $196576.24    | 0.06%             | 2028-05-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2022-DNA3                                                                                        | CUSIP: 35564KUX5<br>LEI: 5493000IS4M3TZMRB410 | Long             | ABS-MBS          | USGSE             | US        |     239429 | PA      | $246611.87    | 0.08%             | 2042-04-25      | Floating      | 7.21%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 31419LZY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     164232 | PA      | $158827.85    | 0.05%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MVW Owner Trust                                  | MVW 2021-2 LLC                                                                                                                 | CUSIP: 55400KAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     182004 | PA      | $171871.20    | 0.06%             | 2039-05-20      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| CAISSE FRANCAISE DE FIN                          | Caisse Francaise de Financement Local SA                                                                                       | CUSIP: 000000000<br>LEI: 549300E6W08778I4OW85 | Long             | DBT              | NUSS              | FR        |     400000 | PA      | $482465.03    | 0.16%             | 2029-02-19      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes                                                                                          | CUSIP: 91282CNB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    1335123 | PA      | $1344719.20   | 0.43%             | 2030-04-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| TEMASEK FINANCIAL I LTD                          | Temasek Financial I Ltd                                                                                                        | CUSIP: 000000000<br>LEI: 549300XMGMDF3VRJMF12 | Long             | DBT              | CORP              | SG        |    1000000 | PA      | $145488.80    | 0.05%             | 2054-08-28      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| SCF Equipment Trust Llc                          | SCF Equipment Leasing 2024-1 LLC                                                                                               | CUSIP: 783896AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      79499 | PA      | $80040.07     | 0.03%             | 2029-11-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                 | Deutsche Bank AG/New York NY                                                                                                   | CUSIP: 25160PAQ0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |     232000 | PA      | $236120.32    | 0.08%             | 2029-01-10      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                  | Long: BS2Z647   CDS USD R V 03MEVENT IS2Z658 CCPCORPORATE / Short: BS2Z647   CDS USD P F  1.00000 IS2Z647 CCPCORPORATE         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    6590000 | OU      | $-159181.09   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED CNH / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | CN        |          1 | NC      | $3610.48      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: BS2GTS5   IRS USD R V 12MUSCPI IS2GTT6 CCPINFLATIONZERO / Short: BS2GTS5   IRS USD P F  2.77750 IS2GTS5 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    6245000 | OU      | $129635.02    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES                         | Delta Air Lines Inc / SkyMiles IP Ltd                                                                                          | CUSIP: 830867AB3<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |     563000 | PA      | $564159.78    | 0.18%             | 2028-10-20      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DEXIA                                            | Dexia SA                                                                                                                       | CUSIP: 000000000<br>LEI: F4G136OIPBYND1F41110 | Long             | DBT              | CORP              | FR        |     200000 | PA      | $222423.00    | 0.07%             | 2028-01-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                | PURCHASED USD / SOLD GBP                                                                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $-31444.89    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                   | Pagaya AI Debt Trust 2025-4                                                                                                    | CUSIP: 69547DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     156389 | PA      | $156663.24    | 0.05%             | 2033-01-17      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| ALA Trust                                        | ALA Trust 2025-OANA                                                                                                            | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     124991 | PA      | $125655.19    | 0.04%             | 2040-06-15      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                                   | CPS Auto Receivables Trust 2021-C                                                                                              | CUSIP: 12598CAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     202497 | PA      | $201108.26    | 0.06%             | 2027-06-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                          | Mexican Bonos                                                                                                                  | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    3576000 | PA      | $157036.61    | 0.05%             | 2053-07-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                             | BAT International Finance PLC                                                                                                  | CUSIP: 000000000<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |     100000 | PA      | $120902.50    | 0.04%             | 2032-04-12      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MDC Holdings Inc                                 | MDC Holdings Inc                                                                                                               | CUSIP: 552676AQ1<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |     642000 | PA      | $578801.52    | 0.19%             | 2043-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SANTANDER UK GROUP HLDGS                         | Santander UK Group Holdings PLC                                                                                                | CUSIP: 80281LAR6<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |     443000 | PA      | $429444.20    | 0.14%             | 2028-01-11      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 31418CFJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      19532 | PA      | $18787.79     | 0.01%             | 2032-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Japan Government Five Year Bonds                 | Japan Government Five Year Bonds                                                                                               | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  411150000 | PA      | $2813938.52   | 0.91%             | 2028-06-20      | Fixed         | 0.30%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2025-NQM10 Trust                                                                                                           | CUSIP: 67121LAA4<br>LEI: 254900NDJVO62R77II89 | Long             | ABS-MBS          | CORP              | US        |     158000 | PA      | $158697.79    | 0.05%             | 2065-05-25      | Variable      | 5.45%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                           | General Motors Financial Co Inc                                                                                                | CUSIP: 37045XER3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |     411000 | PA      | $422273.73    | 0.14%             | 2031-02-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                      | S+P MID 400 EMINI SEP25                                                                                                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         10 | NC      | $94477.97     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON DOMESTIC OPERATIN                         | Hilton Domestic Operating Co Inc                                                                                               | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |     122000 | PA      | $124613.24    | 0.04%             | 2029-03-22      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | Citigroup Inc                                                                                                                  | CUSIP: 172967MU2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     307000 | PA      | $304765.04    | 0.10%             | 2025-12-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                          | Dell International LLC / EMC Corp                                                                                              | CUSIP: 24703TAN6<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |      77000 | PA      | $78627.01     | 0.03%             | 2032-04-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| GM FINANCIAL CAD                                 | General Motors Financial of Canada Ltd                                                                                         | CUSIP: 37045YAM6<br>LEI: 5493001CSMJPUBB7NS44 | Long             | DBT              | CORP              | CA        |     200000 | PA      | $151737.17    | 0.05%             | 2028-07-14      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                             | Targa Resources Corp                                                                                                           | CUSIP: 87612GAP6<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |      58000 | PA      | $58518.52     | 0.02%             | 2030-09-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                | PURCHASED CHF / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | CH        |          1 | NC      | $46214.15     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3138X6P58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     449443 | PA      | $431717.87    | 0.14%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EUROPEAN UNION                                   | European Union                                                                                                                 | CUSIP: 000000000<br>LEI: 529900FZRK8FGMPEOM08 | Long             | DBT              | NUSS              | XX        |     389588 | PA      | $417741.54    | 0.13%             | 2054-10-05      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                              | AUST 3YR BOND FUT SEP25                                                                                                        | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DIR              |  | AU        |         -8 | NC      | $-1601.10     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Japan Government Twenty Year Bonds               | Japan Government Twenty Year Bonds                                                                                             | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  157900000 | PA      | $967136.81    | 0.31%             | 2042-12-20      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| GSF 2021 1 ISSUER LLC                            | GSF 2021 1 ISSUER LLC                                                                                                          | CUSIP: 36261CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     280227 | PA      | $276682.04    | 0.09%             | 2026-08-06      | Variable      | 3.76%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 31413LMZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      90304 | PA      | $93375.27     | 0.03%             | 2037-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                           | Aviation Capital Group LLC                                                                                                     | CUSIP: 05369AAR2<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |      94000 | PA      | $94061.10     | 0.03%             | 2027-04-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                 | CMWLTH FING AUTH PA                                                                                                            | CUSIP: 20281PKG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      80000 | PA      | $73786.09     | 0.02%             | 2038-06-01      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| AIB GROUP PLC                                    | AIB Group PLC                                                                                                                  | CUSIP: 00135TAF1<br>LEI: 635400AKJBGNS5WNQL34 | Long             | DBT              | CORP              | IE        |     236000 | PA      | $240155.96    | 0.08%             | 2031-05-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| LOBLAW COMPANIES LIMITED                         | Loblaw Cos Ltd                                                                                                                 | CUSIP: 53947ZAT4<br>LEI: 5493008LN3O1DIDTSH67 | Long             | DBT              | CORP              | CA        |     110000 | PA      | $91580.15     | 0.03%             | 2033-02-17      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC                             | Glencore Funding LLC                                                                                                           | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |     166000 | PA      | $169248.62    | 0.05%             | 2030-04-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| OCCU Auto Receivables Trust                      | OCCU Auto Receivables Trust 2023-1                                                                                             | CUSIP: 674921AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       5892 | PA      | $5895.88      | 0.00%             | 2027-04-15      | Fixed         | 6.23%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                                | HSBC Holdings PLC                                                                                                              | CUSIP: 404280EQ8<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |     286000 | PA      | $288348.06    | 0.09%             | 2029-03-03      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 30711XBU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      17172 | PA      | $17669.92     | 0.01%             | 2028-08-25      | Floating      | 11.37%                | No            |                  2 | On Loan: No      |
| ECOPETROL SA                                     | Ecopetrol SA                                                                                                                   | CUSIP: 279158AV1<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |      49000 | PA      | $47199.25     | 0.02%             | 2036-01-19      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CANADA HOUSING TRUST                             | Canada Housing Trust No 1                                                                                                      | CUSIP: 13509PJC8<br>LEI: 549300M44WH89JG50067 | Long             | DBT              | NUSS              | CA        |     535000 | PA      | $398956.89    | 0.13%             | 2032-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20754VAB3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     275169 | PA      | $276544.41    | 0.09%             | 2045-03-25      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED GBP / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |          1 | NC      | $11520.36     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                      | Long: BS2LCH0   IRS USD R V 00MSOFR IS2LCI1 CCPOIS / Short: BS2LCH0   IRS USD P F   .34300 IS2LCH0 CCPOIS                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |   10260000 | OU      | $633750.86    | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC         | Avis Budget Rental Car Funding AESOP LLC                                                                                       | CUSIP: 05377RGU2<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |     399000 | PA      | $403969.27    | 0.13%             | 2028-02-22      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                      | Freddie Mac REMICS                                                                                                             | CUSIP: 3137FR3C3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     969889 | PA      | $112773.18    | 0.04%             | 2050-02-25      | Floating      | 1.63%                 | No            |                  2 | On Loan: No      |
| Japan Government Thirty Year Bonds               | Japan Government Thirty Year Bonds                                                                                             | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   47350000 | PA      | $262809.68    | 0.08%             | 2054-03-20      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                    | Citigroup Inc                                                                                                                  | CUSIP: 172967PN5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |     133000 | PA      | $134984.36    | 0.04%             | 2034-11-19      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD JPY                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-7706.01     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| State Board of Administration Finance Corp       | FLORIDA ST BRD OF ADMIN FIN CORP REVENUE                                                                                       | CUSIP: 341271AF1<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |     224000 | PA      | $200424.16    | 0.06%             | 2030-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD EUR                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-48678.53    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Nasdaq Stockholm AB                              | OMXS30 IND FUTURE JUL25                                                                                                        | CUSIP: 000000000<br>LEI: 549300KBQIVNEJEZVL96 | N/A              | DE               |  | SE        |         -9 | NC      | $-3886.82     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ABN AMRO Bank NV                                 | ABN AMRO Bank NV                                                                                                               | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | DBT              | CORP              | NL        |     200000 | PA      | $234711.38    | 0.08%             | 2027-09-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                      | Long: BS2LCL4   IRS USD R V 00MSOFR IS2LCM5 CCPOIS / Short: BS2LCL4   IRS USD P F  2.24000 IS2LCL4 CCPOIS                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    1040000 | OU      | $28490.95     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CKG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     741500 | PA      | $751463.91    | 0.24%             | 2029-03-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: SS32CD8   IRS CNY R F  1.60200 SS32CD8/1.602 CCP / Short: SS32CD8   IRS CNY P V 00MCNRR CNRR007/1W/CCP/IS32CE9           | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | CN        |   10407000 | OU      | $7762.50      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                      | Long: BS2LCD6   IRS USD R V 00MSOFR IS2LCE7 CCPOIS / Short: BS2LCD6   IRS USD P F  1.88500 IS2LCD6 CCPOIS                      | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DIR              |  | US        |    6030000 | OU      | $348140.41    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                         | OBX 2025-NQM8 Trust                                                                                                            | CUSIP: 67449AAA3<br>LEI: 2549006UJL1L84XG2C80 | Long             | ABS-MBS          | CORP              | US        |     142973 | PA      | $143459.26    | 0.05%             | 2065-03-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae II Pool                                                                                                             | CUSIP: 36179R7H6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      52309 | PA      | $46836.97     | 0.02%             | 2046-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                      | E-MINI RUSS 2000 SEP25                                                                                                         | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         41 | NC      | $99752.18     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO                              | JPMorgan Chase & Co                                                                                                            | CUSIP: 46647PCU8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |      63000 | PA      | $56605.50     | 0.02%             | 2033-01-25      | Fixed         | 2.96%                 | No            |                  2 | On Loan: No      |
| AES PANAMA GENERATION HL                         | AES Panama Generation Holdings SRL                                                                                             | CUSIP: 00109AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |     476064 | PA      | $433218.29    | 0.14%             | 2030-05-31      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BAIDU INC                                        | Baidu Inc                                                                                                                      | CUSIP: 000000000<br>LEI: 254900AL64IANZYI1E02 | Long             | DBT              | CORP              | KY        |    1400000 | PA      | $197924.17    | 0.06%             | 2030-03-12      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                           | Philip Morris International Inc                                                                                                | CUSIP: 718172CL1<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |     210000 | PA      | $214239.42    | 0.07%             | 2031-08-01      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD JPY                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-169592.35   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL GRID NA INC                             | National Grid North America Inc                                                                                                | CUSIP: 000000000<br>LEI: 5Q3U0WRKWZZGRMPYFT08 | Long             | DBT              | CORP              | US        |     100000 | PA      | $119854.12    | 0.04%             | 2031-09-03      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| KOREA TREASURY BOND                              | Korea Treasury Bond                                                                                                            | CUSIP: 000000000<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        | 1472490000 | PA      | $1103133.19   | 0.36%             | 2034-12-10      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust               | Tricolor Auto Securitization Trust 2024-2                                                                                      | CUSIP: 89616PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      27776 | PA      | $27861.94     | 0.01%             | 2027-12-15      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| Bankers Healthcare Group Securitization Trust    | BHG Securitization Trust 2023-B                                                                                                | CUSIP: 08862GAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      39552 | PA      | $41001.90     | 0.01%             | 2036-12-17      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810RB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     475800 | PA      | $366812.06    | 0.12%             | 2043-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| KNDR Trust 2021-KIND                             | KIND Trust 2021-KIND                                                                                                           | CUSIP: 482606AA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      99172 | PA      | $98056.31     | 0.03%             | 2038-08-15      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS                           | Verizon Communications Inc                                                                                                     | CUSIP: 000000000<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |      50000 | PA      | $33194.79     | 0.01%             | 2027-08-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED USD / SOLD GBP                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |          1 | NC      | $-825.97      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| U.K. Gilts                                       | U.K. Gilts                                                                                                                     | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     340279 | PA      | $460951.05    | 0.15%             | 2034-07-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                                                                              | CUSIP: 3136AXSW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     372832 | PA      | $42774.69     | 0.01%             | 2047-08-25      | Floating      | 1.73%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                            | China Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    1890000 | PA      | $261637.27    | 0.08%             | 2035-02-15      | Fixed         | 1.61%                 | No            |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Securities LLC      | BBCMS 2020-BID Mortgage Trust                                                                                                  | CUSIP: 05493BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    1089000 | PA      | $1089000.00   | 0.35%             | 2037-10-15      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Ltd.     | MSCI SING IX ETS JUL25                                                                                                         | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DE               |  | SG        |          4 | NC      | $2292.45      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BONOS DE TESORERIA                               | Peru Government Bond                                                                                                           | CUSIP: 000000000<br>LEI: 254900STKLK2DBJJZ530 | Long             | DBT              | NUSS              | PE        |    1597000 | PA      | $463996.69    | 0.15%             | 2035-08-12      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Finland Government Bonds                         | Finland Government Bonds                                                                                                       | CUSIP: 000000000<br>LEI: 743700M6Y2OQRVSBRD14 | Long             | DBT              | NUSS              | FI        |     146000 | PA      | $158334.12    | 0.05%             | 2032-09-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| VAR ENERGI ASA                                   | Var Energi ASA                                                                                                                 | CUSIP: 92212WAE0<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |     749000 | PA      | $848736.84    | 0.27%             | 2032-11-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                                                                          | CUSIP: 01F020679<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |      46289 | PA      | $36626.16     | 0.01%             | 2054-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| EUROPEAN UNION                                   | European Union                                                                                                                 | CUSIP: 000000000<br>LEI: 529900FZRK8FGMPEOM08 | Long             | DBT              | NUSS              | XX        |     496000 | PA      | $610012.02    | 0.20%             | 2044-04-04      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                           | PURCHASED USD / SOLD EUR                                                                                                       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |          1 | NC      | $-210620.93   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC              | PURCHASED USD / SOLD GBP                                                                                                       | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DFE              |  | US        |          1 | NC      | $-17194.34    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2021-DNA5                                                                                        | CUSIP: 35564KHE2<br>LEI: 5493000ISU5NYXNHD479 | Long             | ABS-MBS          | USGSE             | US        |     139989 | PA      | $140608.45    | 0.05%             | 2034-01-25      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| State Board of Administration Finance Corp       | FLORIDA ST BRD OF ADMIN FIN CORP REVENUE                                                                                       | CUSIP: 341271AE4<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |     652000 | PA      | $620934.22    | 0.20%             | 2027-07-01      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| SUEZ                                             | Suez SACA                                                                                                                      | CUSIP: 000000000<br>LEI: 5493007LKZ37MXEN5D79 | Long             | DBT              | CORP              | FR        |     100000 | PA      | $124577.70    | 0.04%             | 2033-11-13      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Osaka Exchange                                   | NIKKEI 225 (OSE) SEP25                                                                                                         | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |          4 | NC      | $65001.84     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                         | BX Commercial Mortgage Trust 2024-AIR2                                                                                         | CUSIP: 05613QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     105510 | PA      | $105707.22    | 0.03%             | 2041-10-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| ORL TRUST                                        | ORL Trust 2024-GLKS                                                                                                            | CUSIP: 67120DAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     100000 | PA      | $99968.75     | 0.03%             | 2039-12-15      | Floating      | 5.80%                 | No            |                  2 | On Loan: No      |
| HONG KONG                                        | Hong Kong Government International Bond                                                                                        | CUSIP: 000000000<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |    1000000 | PA      | $155453.21    | 0.05%             | 2054-07-24      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BANCO BILBAO VIZCAYA ARG                         | Banco Bilbao Vizcaya Argentaria SA                                                                                             | CUSIP: 05946KAR2<br>LEI: K8MS7FD7N5Z2WQ51AZ71 | Long             | DBT              | CORP              | ES        |     200000 | PA      | $208060.00    | 0.07%             | 2035-03-13      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                          | Mexican Bonos                                                                                                                  | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   20704000 | PA      | $1095964.80   | 0.35%             | 2030-02-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: BS2GTU7   IRS USD R V 12MUSCPI IS2GTV8 CCPINFLATIONZERO / Short: BS2GTU7   IRS USD P F  2.77000 IS2GTU7 CCPINFLATIONZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    6245000 | OU      | $132070.70    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| STILLWATER MINING CO                             | Stillwater Mining Co                                                                                                           | CUSIP: 000000000<br>LEI: 6354007DPCY4ZN2MRR73 | Long             | DBT              | CORP              | US        |     200000 | PA      | $194343.76    | 0.06%             | 2026-11-16      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                | EURO-BUXL 30Y BND SEP25                                                                                                        | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DIR              |  | DE        |         -2 | NC      | $4756.54      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingdom of Belgium Government Bonds              | Kingdom of Belgium Government Bonds                                                                                            | CUSIP: 000000000<br>LEI: 549300SZ25JZFHRHWD76 | Long             | DBT              | NUSS              | BE        |     263000 | PA      | $301789.57    | 0.10%             | 2042-06-22      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 5YR NOTE (CBT) SEP25                                                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        275 | NC      | $406971.49    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                    | PURCHASED EUR / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | XX        |          1 | NC      | $17127.07     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| VIATRIS INC                                      | Viatris Inc                                                                                                                    | CUSIP: 92556VAD8<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |      67000 | PA      | $59688.29     | 0.02%             | 2030-06-22      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| BRAVO Residential Funding Trust                  | BRAVO Residential Funding Trust 2025-NQM5                                                                                      | CUSIP: 10569RAC6<br>LEI: 254900HGOJX787MBR512 | Long             | ABS-MBS          | CORP              | US        |     195924 | PA      | $196509.06    | 0.06%             | 2065-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Hilton USA Trust                                 | HILT COMMERCIAL MORTGAGE TRUST 2024-ORL                                                                                        | CUSIP: 403956AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     176000 | PA      | $176110.00    | 0.06%             | 2037-05-15      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| BARCLAYS PLC                                     | Barclays PLC                                                                                                                   | CUSIP: 000000000<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |     167000 | PA      | $243857.53    | 0.08%             | 2029-11-06      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| HARLEY-DAVIDSON FINL SER                         | Harley-Davidson Financial Services Inc                                                                                         | CUSIP: 41283LBA2<br>LEI: RLUFFFFW4GRYU77BTS24 | Long             | DBT              | CORP              | US        |     168000 | PA      | $163309.44    | 0.05%             | 2027-02-14      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                        | ONEOK Inc                                                                                                                      | CUSIP: 682680CC5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |      46000 | PA      | $45648.56     | 0.01%             | 2029-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3138WJL71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     361427 | PA      | $347517.59    | 0.11%             | 2031-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                           | General Motors Financial Co Inc                                                                                                | CUSIP: 37045XFH4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |       8000 | PA      | $8047.44      | 0.00%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OLEODUCTO CENTRAL SA                             | Oleoducto Central SA                                                                                                           | CUSIP: 680617AC1<br>LEI: 254900W4CPYCQFVH5E92 | Long             | DBT              | CORP              | CO        |     528000 | PA      | $512930.88    | 0.17%             | 2027-07-14      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3138ENG29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     245865 | PA      | $254457.32    | 0.08%             | 2041-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GLOBO COMMUNICACOES PART                         | Globo Comunicacao e Participacoes SA                                                                                           | CUSIP: 37959DAB0<br>LEI: 52990054HEKS017PVR75 | Long             | DBT              | CORP              | BR        |     229000 | PA      | $215935.55    | 0.07%             | 2030-01-22      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 2YR NOTE (CBT) SEP25                                                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -13 | NC      | $-12064.50    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Bundesrepublik Deutschland Bundesanleihe         | Bundesrepublik Deutschland Bundesanleihe                                                                                       | CUSIP: 000000000<br>LEI: 529900AQBND3S6YJLY83 | Long             | DBT              | NUSS              | DE        |    1279034 | PA      | $1566211.43   | 0.51%             | 2042-07-04      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Ginnie Mae                                                                                                                     | CUSIP: 21H050672<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    3009662 | PA      | $2955279.82   | 0.95%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                           | PURCHASED USD / SOLD MYR                                                                                                       | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |          1 | NC      | $-543.75      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                           | Federal Home Loan Banks                                                                                                        | CUSIP: 3130AXQK7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |     265000 | PA      | $272865.20    | 0.09%             | 2028-12-08      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NRTH PARK Mortgage Trust                         | NRTH 2024-PARK Mortgage Trust                                                                                                  | CUSIP: 67021HAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     232000 | PA      | $232144.61    | 0.07%             | 2039-03-15      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                      | PURCHASED USD / SOLD GBP                                                                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |          1 | NC      | $-133848.79   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Natixis Commercial Mortgage Securities           | Natixis Commercial Mortgage Securities Trust 2019-MILE                                                                         | CUSIP: 63875FAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     316049 | PA      | $300715.05    | 0.10%             | 2036-07-15      | Floating      | 5.89%                 | No            |                  2 | On Loan: No      |
| UMBS, TBA                                        | Uniform Mortgage-Backed Security, TBA                                                                                          | CUSIP: 01F050676<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     250000 | PA      | $244980.40    | 0.08%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Japan Government Twenty Year Bonds               | Japan Government Twenty Year Bonds                                                                                             | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |   49250000 | PA      | $355015.19    | 0.11%             | 2032-09-20      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Clover CLO                                       | Clover CLO 2021-3 LLC                                                                                                          | CUSIP: 18915FAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |     250000 | PA      | $250341.25    | 0.08%             | 2035-01-25      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association         | Government National Mortgage Association                                                                                       | CUSIP: 38380GQ64<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     283074 | PA      | $36881.93     | 0.01%             | 2047-09-20      | Floating      | 1.77%                 | No            |                  2 | On Loan: No      |
| ANGLIAN WATER SERV FIN                           | Anglian Water Services Financing PLC                                                                                           | CUSIP: 000000000<br>LEI: 213800DL377MH46PDY63 | Long             | DBT              | CORP              | GB        |      70000 | PA      | $99967.33     | 0.03%             | 2030-07-30      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae REMICS                                                                                                              | CUSIP: 3136B0CN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     762793 | PA      | $92697.06     | 0.03%             | 2047-12-25      | Floating      | 1.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3140FTKL4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      63495 | PA      | $61073.60     | 0.02%             | 2032-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CKK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     431100 | PA      | $433794.38    | 0.14%             | 2026-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Japan Government Forty Year Bonds                | Japan Government Forty Year Bonds                                                                                              | CUSIP: 000000000<br>LEI: 353800WZS8AXZXFUC241 | Long             | DBT              | NUSS              | JP        |  108150000 | PA      | $683521.82    | 0.22%             | 2051-03-20      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| PFIZER NETHERLANDS INTL                          | Pfizer Netherlands International Finance BV                                                                                    | CUSIP: 000000000<br>LEI: 254900YI79T8NMNA4349 | Long             | DBT              | CORP              | NL        |     103000 | PA      | $122251.02    | 0.04%             | 2029-05-19      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 20754GAE0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |     149846 | PA      | $151107.48    | 0.05%             | 2044-02-25      | Floating      | 6.11%                 | No            |                  2 | On Loan: No      |
| DANSKE BANK A/S                                  | Danske Bank A/S                                                                                                                | CUSIP: 23636ABJ9<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |     280000 | PA      | $278776.40    | 0.09%             | 2030-10-02      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Inflation-Indexed Notes                                                                                          | CUSIP: 912828ZZ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   20365255 | PA      | $19124247.37  | 6.17%             | 2030-07-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| NATIONWIDE BLDG SOCIETY                          | Nationwide Building Society                                                                                                    | CUSIP: 63861VAF4<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |     775000 | PA      | $756826.25    | 0.24%             | 2028-02-16      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                   | Morgan Stanley                                                                                                                 | CUSIP: 000000000<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |     270000 | PA      | $323001.84    | 0.10%             | 2031-05-22      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                               | Ford Motor Co                                                                                                                  | CUSIP: 345370CA6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |      37000 | PA      | $40093.57     | 0.01%             | 2031-07-16      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                                      | OCP CLO Ltd                                                                                                                    | CUSIP: 671026AL6<br>LEI: 2549004IE8HHQL34D058 | Long             | ABS-CBDO         | CORP              | KY        |     250000 | PA      | $249375.00    | 0.08%             | 2037-01-17      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| SNCF RESEAU                                      | SNCF Reseau                                                                                                                    | CUSIP: 000000000<br>LEI: 969500VZN4KDEZ14C105 | Long             | DBT              | NUSS              | FR        |     500000 | PA      | $544484.13    | 0.18%             | 2030-05-25      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bills                                                                                                            | CUSIP: 912797PN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    2381200 | PA      | $2368656.36   | 0.76%             | 2025-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                           | US 10YR ULTRA FUT SEP25                                                                                                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        -51 | NC      | $-89383.39    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| GENM CAPITAL LABUAN                              | GENM Capital Labuan Ltd                                                                                                        | CUSIP: 000000000<br>LEI: 254900DWSHIWTSE0YG58 | Long             | DBT              | CORP              | MY        |     200000 | PA      | $179500.00    | 0.06%             | 2031-04-19      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     352000 | PA      | $353402.50    | 0.11%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3140FNVE1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       6402 | PA      | $6156.04      | 0.00%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Bonds                                                                                                            | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     477300 | PA      | $477281.36    | 0.15%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                      | PURCHASED GBP / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | GB        |          1 | NC      | $97076.72     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP                              | Charles Schwab Corp/The                                                                                                        | CUSIP: 808513BQ7<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |     421000 | PA      | $421168.40    | 0.14%             | 2026-05-13      | Floating      | 4.89%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                  | CVS Health Corp                                                                                                                | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |      19000 | PA      | $19085.12     | 0.01%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AB All Market Real Return Portfolio              | AB All Market Real Return Portfolio                                                                                            | CUSIP: 018528125<br>LEI: 549300VY0SNSR79V5F27 | Long             | EC               | RF                | US        |    1151121 | NS      | $11073785.83  | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUTTER TREASURY DAC                             | Flutter Treasury DAC                                                                                                           | CUSIP: 000000000<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |     138000 | PA      | $162731.13    | 0.05%             | 2031-05-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| QHEL GENERIC STRIP                               | Hydro Quebec Interest Strip                                                                                                    | CUSIP: 44882ZXK4<br>LEI: 6THEVG93PYJH84S4D167 | Long             | DBT              | NUSS              | CA        |     118264 | PA      | $41196.21     | 0.01%             | 2042-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS                         | Discovery Communications LLC                                                                                                   | CUSIP: 25470DBG3<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |      29000 | PA      | $18210.26     | 0.01%             | 2049-05-15      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                              | Freddie Mac STACR REMIC Trust 2022-DNA5                                                                                        | CUSIP: 35564KYP8<br>LEI: 5493000IS349P4O9HR58 | Long             | ABS-MBS          | USGSE             | US        |     769482 | PA      | $817846.71    | 0.26%             | 2042-06-25      | Floating      | 8.80%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                                     | UBS Group AG                                                                                                                   | CUSIP: 225401AY4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     452000 | PA      | $452198.88    | 0.15%             | 2026-07-15      | Fixed         | 6.37%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                         | Angel Oak Mortgage Trust 2025-4                                                                                                | CUSIP: 034935AA4<br>LEI: 254900VBIBOATGC48K85 | Long             | ABS-MBS          | CORP              | US        |      61613 | PA      | $62085.62     | 0.02%             | 2070-04-25      | Variable      | 5.86%                 | No            |                  2 | On Loan: No      |
| AS MILEAGE PLAN IP LTD                           | AS Mileage Plan IP Ltd                                                                                                         | CUSIP: 00218QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     183000 | PA      | $181148.04    | 0.06%             | 2029-10-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| CELULOSA ARAUCO CONSTITU                         | Celulosa Arauco y Constitucion SA                                                                                              | CUSIP: 000000000<br>LEI: 549300QEKV8G0AMNQD28 | Long             | DBT              | CORP              | CL        |     200000 | PA      | $192338.00    | 0.06%             | 2029-04-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| UBS AG                                           | PURCHASED AUD / SOLD USD                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | AU        |          1 | NC      | $14865.47     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| U.K. Gilts                                       | U.K. Gilts                                                                                                                     | CUSIP: 000000000<br>LEI: ECTRVYYCEF89VWYS6K36 | Long             | DBT              | NUSS              | GB        |     566000 | PA      | $720173.50    | 0.23%             | 2040-12-07      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TERRAFORM GLOBAL OPERATI                         | Terraform Global Operating LP                                                                                                  | CUSIP: 88104UAC7<br>LEI: 549300LC7QMVR79H5O86 | Long             | DBT              | CORP              | US        |      41000 | PA      | $40795.00     | 0.01%             | 2026-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                    | Lendbuzz Securitization Trust 2023-1                                                                                           | CUSIP: 52608LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     617691 | PA      | $626413.62    | 0.20%             | 2028-08-15      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                               | PURCHASED USD / SOLD BRL                                                                                                       | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |          1 | NC      | $-3878.31     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ROSS STORES INC                                  | Ross Stores Inc                                                                                                                | CUSIP: 778296AC7<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | DBT              | CORP              | US        |     658000 | PA      | $658868.56    | 0.21%             | 2027-04-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| NATWEST GROUP PLC                                | NatWest Group PLC                                                                                                              | CUSIP: 639057AB4<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |     468000 | PA      | $421859.88    | 0.14%             | 2035-11-28      | Fixed         | 3.03%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3140M2LW0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     500792 | PA      | $438237.53    | 0.14%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                              | Malaysia Government Bond                                                                                                       | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     711000 | PA      | $172715.76    | 0.06%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TOYOTA FINANCE AUSTRALIA                         | Toyota Finance Australia Ltd                                                                                                   | CUSIP: 000000000<br>LEI: 3UKPTDP5PGQRH8AUK042 | Long             | DBT              | CORP              | AU        |     220000 | PA      | $146478.44    | 0.05%             | 2029-09-17      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| WILLIAMS COMPANIES INC                           | Williams Cos Inc/The                                                                                                           | CUSIP: 969457CR9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |     104000 | PA      | $104095.68    | 0.03%             | 2030-06-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                         | Long: BS2LCT2   IRS USD R V 00MSOFR IS2LCU3 CCPOIS / Short: BS2LCT2   IRS USD P F  1.95000 IS2LCT2 CCPOIS                      | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |     484000 | OU      | $12868.20     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                           | U.S. Treasury Notes                                                                                                            | CUSIP: 91282CKP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     642100 | PA      | $662165.63    | 0.21%             | 2029-04-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                 | Fannie Mae Connecticut Avenue Securities                                                                                       | CUSIP: 30711XCB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      32778 | PA      | $33445.42     | 0.01%             | 2028-09-25      | Floating      | 10.42%                | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                         | New York Life Global Funding                                                                                                   | CUSIP: 000000000<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |     200000 | PA      | $136289.74    | 0.04%             | 2028-09-19      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HLTN Commercial Mortgage Trust 2024-DPLO         | HLTN Commercial Mortgage Trust 2024-DPLO                                                                                       | CUSIP: 40424UAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     249558 | PA      | $249713.97    | 0.08%             | 2041-06-15      | Floating      | 5.95%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                       | Fannie Mae Pool                                                                                                                | CUSIP: 3140FGBW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     165684 | PA      | $159965.87    | 0.05%             | 2031-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** BERNSTEIN SANFORD C FUND INC

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller