# EDGAR Filing Document

**Accession Number:** 0000353905
**File Stem:** 0002071691-25-004735
**Filing Date:** 2025-11
**Character Count:** 323554
**Document Hash:** 3fd6fdb6160ad44023317d384ae4ec2c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-004735.hdr.sgml**: 20251113

**ACCESSION NUMBER**: 0002071691-25-004735

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251113

**DATE AS OF CHANGE**: 20251113

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NATIONWIDE VARIABLE INSURANCE TRUST
- **CENTRAL INDEX KEY:** 0000353905

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03213
- **FILM NUMBER:** 251478972

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 5-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-435-5749

**MAIL ADDRESS:**
- **STREET 1:** ONE NATIONWIDE PLAZA
- **STREET 2:** MAIL CODE 5-02-210
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GARTMORE VARIABLE INSURANCE TRUST
- **DATE OF NAME CHANGE:** 20020125

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE SEPARATE ACCOUNT TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NATIONWIDE SEPARATE ACCOUNT MONEY MARKET TRUST
- **DATE OF NAME CHANGE:** 19860226

## Series and Classes Contracts Data

### NVIT Loomis Core Bond Fund (Series ID: S000021031)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000059797 | Class I      |  |
| C000059798 | Class II     |  |
| C000059799 | Class Y      |  |
| C000112229 | Class P      |  |

## Nport-Ex

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## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Nationwide Variable Insurance Trust

- **b. Investment Company Act file number:** 811-03213

- **c. CIK number of Registrant:** 0000353905

- **d. LEI of Registrant:** 549300WLMVM3JP578846

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

  - **Street Address 1:** One Nationwide Plaza

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43215

  - **Telephone number:** 614-435-3820

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

- **a. Name of Series:** NVIT Loomis Core Bond Fund

- **b. EDGAR series identifier (if any):** S000021031

- **c. LEI of Series:** 549300QCVK3NHYLE2575

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $3719536995.08

**Total Liabilities:** $252206657.42

**Net Assets:** $3467330337.66

**Cash Not Reported:** $40136723.27

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3928.27389100 | **1-Year:** 113620.27952600 | **5-Year:** 462583.24020800 | **10-Year:** 469438.79608100 | **30-Year:** 155407.50231200

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

- **3-Month:** 72.73089400 | **1-Year:** 35.52509000 | **5-Year:** 222.80782000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000059799 | -0.21%               | 1.18%                | 1.14%                |
| Class ID C000112229 | -0.21%               | 1.08%                | 1.14%                |
| Class ID C000059797 | -0.21%               | 1.18%                | 1.14%                |
| Class ID C000059798 | -0.22%               | 1.08%                | 1.14%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1243747.83             | $-18032716.48                              |
| Month 2  | $4058133.36              | $22003078.48                               |
| Month 3  | $2333030.40              | $25996389.55                               |

**Designated Index Information**

- **Index Name:** Bloomberg US Aggregate Bond Total Return

- **Index Identifier:** LEHM.MC.LEHMRT00001UUSD

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179WR26<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12889878 | PA      | $11102329.21  | 0.32%             | 2051-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Co.                                     | Virginia Electric and Power Co., Series D                                        | CUSIP: 927804GW8<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |   6170000 | PA      | $6145734.38   | 0.18%             | 2055-09-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: —       |
| British Airways Pass-Through Trust                                  | British Airways Pass-Through Trust, Series 2021-1, Class B                       | CUSIP: 11042CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2886990 | PA      | $2761056.47   | 0.08%             | 2031-09-15      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                             | MPLX LP                                                                          | CUSIP: 55336VCC2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   3440000 | PA      | $3447472.82   | 0.10%             | 2035-09-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: —       |
| Verus Securitization Trust                                          | Verus Securitization Trust, Series 2021-3, Class A1                              | CUSIP: 92539LAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2260416 | PA      | $1988185.68   | 0.06%             | 2066-06-25      | Variable      | 1.05%                 | Yes           |                  2 | On Loan: No      |
| Kite Realty Group Trust                                             | Kite Realty Group Trust                                                          | CUSIP: 76131VAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2124000 | PA      | $2130025.07   | 0.06%             | 2030-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| EnFin Residential Solar Receivables Trust                           | EnFin Residential Solar Receivables Trust, Series 2024-2A, Class A               | CUSIP: 29281EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2055-09-20      | Fixed         | 5.98%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                   | Wells Fargo & Co.                                                                | CUSIP: 95000U2U6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2792624.73   | 0.08%             | 2033-03-02      | Variable      | 3.35%                 | No            |                  2 | On Loan: —       |
| Exeter Select Automobile Receivables Trust                          | Exeter Select Automobile Receivables Trust, Series 2025-1, Class A3              | CUSIP: 30185AAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1262206.50   | 0.04%             | 2030-04-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: No      |
| CVS Pass-Through Trust                                              | CVS Pass-Through Trust                                                           | CUSIP: 126650BP4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2133133 | PA      | $2177463.00   | 0.06%             | 2028-12-10      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                                            | Svenska Handelsbanken AB                                                         | CUSIP: 86959LAS2<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   6340000 | PA      | $6406907.03   | 0.18%             | 2028-05-23      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Societe Generale SA                                                 | Societe Generale SA                                                              | CUSIP: 83368RCG5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   7330000 | PA      | $7540062.85   | 0.22%             | 2031-05-22      | Variable      | 5.51%                 | Yes           |                  2 | On Loan: —       |
| Westlake Automobile Receivables Trust                               | Westlake Automobile Receivables Trust, Series 2023-4A, Class A3                  | CUSIP: 96041AAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1058091 | PA      | $1061659.76   | 0.03%             | 2027-07-15      | Fixed         | 6.24%                 | Yes           |                  2 | On Loan: No      |
| PVH Corp.                                                           | PVH Corp.                                                                        | CUSIP: 693656AE0<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | DBT              | CORP              | US        |   7655000 | PA      | $7797834.80   | 0.22%             | 2030-06-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: —       |
| AT&T, Inc.                                                          | AT&T, Inc.                                                                       | CUSIP: 00206RHJ4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   2955000 | PA      | $2968123.13   | 0.09%             | 2029-03-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Kentucky Utilities Co.                                              | Kentucky Utilities Co.                                                           | CUSIP: 491674BP1<br>LEI: AGX0G2MXE54NFNNICD28 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2322102.74   | 0.07%             | 2055-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| AES Panama Generation Holdings SRL                                  | AES Panama Generation Holdings SRL                                               | CUSIP: 00109AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | PA        |   2458410 | PA      | $2323197.08   | 0.07%             | 2030-05-31      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XRAJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6465359 | PA      | $6575168.70   | 0.19%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Syensqo Finance America LLC                                         | Syensqo Finance America LLC                                                      | CUSIP: 834423AF2<br>LEI: 54930073OEL5K0Y7NK81 | Long             | DBT              | CORP              | US        |   7891000 | PA      | $8248157.00   | 0.24%             | 2034-06-04      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Trestles CLO IV Ltd.                                                | Trestles CLO IV Ltd., Series 2021-4A, Class A                                    | CUSIP: 89532WAA7<br>LEI: 254900EO5I6CR0IOWS98 | Long             | ABS-CBDO         | CORP              | KY        |   1450000 | PA      | $1450491.55   | 0.04%             | 2034-07-21      | Floating      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Roper Technologies, Inc.                                            | Roper Technologies, Inc.                                                         | CUSIP: 776696AK2<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1880000 | PA      | $1888782.33   | 0.05%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| GM Financial Automobile Leasing Trust                               | GM Financial Automobile Leasing Trust, Series 2024-2, Class A3                   | CUSIP: 36269WAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2400000 | PA      | $2416429.68   | 0.07%             | 2027-07-20      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Zoetis, Inc.                                                        | Zoetis, Inc.                                                                     | CUSIP: 98978VAX1<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |   3765000 | PA      | $3802577.34   | 0.11%             | 2035-08-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Louisville Gas and Electric Co.                                     | Louisville Gas and Electric Co., Series LOU                                      | CUSIP: 546676AZ0<br>LEI: KO3GRIB3RPH1XDX50U72 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2093190.96   | 0.06%             | 2033-04-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18000000 | PA      | $16304765.58  | 0.47%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Federation des Caisses Desjardins du Quebec                         | Federation des Caisses Desjardins du Quebec                                      | CUSIP: 31429KAP8<br>LEI: 549300B2Q47IR0CR5B54 | Long             | DBT              | CORP              | CA        |   4360000 | PA      | $4384118.91   | 0.13%             | 2030-08-26      | Fixed         | 4.57%                 | Yes           |                  2 | On Loan: No      |
| Alliant Energy Finance LLC                                          | Alliant Energy Finance LLC                                                       | CUSIP: 01882YAB2<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |   9525000 | PA      | $9447813.88   | 0.27%             | 2028-06-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: —       |
| Boeing Co. (The)                                                    | Boeing Co. (The)                                                                 | CUSIP: 097023BY0<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $876098.98    | 0.03%             | 2038-03-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140W0QY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11342106 | PA      | $11829232.13  | 0.34%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140L06D4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1220566 | PA      | $997503.44    | 0.03%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Extra Space Storage LP                                              | Extra Space Storage LP                                                           | CUSIP: 30225VAG2<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1332193.04   | 0.04%             | 2032-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138MRLJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     70382 | PA      | $66475.58     | 0.00%             | 2043-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                                            | Electricite de France SA                                                         | CUSIP: 28504DAB9<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | NUSS              | FR        |    779000 | PA      | $805904.12    | 0.02%             | 2028-05-23      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: —       |
| Philip Morris International, Inc.                                   | Philip Morris International, Inc.                                                | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1816000 | PA      | $1910833.14   | 0.06%             | 2029-11-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| Ford Credit Auto Owner Trust                                        | Ford Credit Auto Owner Trust, Series 2024-1, Class A                             | CUSIP: 34533BAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2482000 | PA      | $2541585.62   | 0.07%             | 2036-08-15      | Variable      | 4.87%                 | Yes           |                  2 | On Loan: No      |
| World Omni Select Auto Trust                                        | World Omni Select Auto Trust, Series 2024-A, Class A3                            | CUSIP: 98164LAD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1257793.50   | 0.04%             | 2030-02-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding AESOP LLC                            | Avis Budget Rental Car Funding AESOP LLC, Series 2025-2A, Class A                | CUSIP: 05377RKQ6<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   2945000 | PA      | $3026220.45   | 0.09%             | 2031-08-20      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                   | Enterprise Products Operating LLC                                                | CUSIP: 29379VCK7<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   2685000 | PA      | $2712849.65   | 0.08%             | 2031-01-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| Citigroup, Inc.                                                     | Citigroup, Inc.                                                                  | CUSIP: 172967PZ8<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  12360000 | PA      | $12445481.27  | 0.36%             | 2028-05-07      | Variable      | 4.64%                 | No            |                  2 | On Loan: —       |
| Santander Holdings USA, Inc.                                        | Santander Holdings USA, Inc.                                                     | CUSIP: 80282KBF2<br>LEI: 549300SMVCQN2P0O6I58 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1335490.05   | 0.04%             | 2029-03-09      | Variable      | 6.50%                 | No            |                  2 | On Loan: —       |
| Mutual of Omaha Cos. Global Funding                                 | Mutual of Omaha Cos. Global Funding                                              | CUSIP: 62829D2F6<br>LEI: 635400AL5J3F1ZPTAN95 | Long             | DBT              | CORP              | US        |   1545000 | PA      | $1578580.44   | 0.05%             | 2030-04-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| EPR Properties                                                      | EPR Properties                                                                   | CUSIP: 26884UAC3<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |   3408000 | PA      | $3416080.91   | 0.10%             | 2026-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DV4B8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1443173 | PA      | $1382143.24   | 0.04%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132CW5W0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4532291 | PA      | $4273489.10   | 0.12%             | 2037-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                        | New York Life Global Funding                                                     | CUSIP: 64952WFP3<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   8595000 | PA      | $8630462.20   | 0.25%             | 2028-07-25      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: —       |
| Alexander Funding Trust II                                          | Alexander Funding Trust II                                                       | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1770000 | PA      | $1892603.76   | 0.05%             | 2028-07-31      | Fixed         | 7.47%                 | Yes           |                  2 | On Loan: —       |
| Ford Credit Auto Lease Trust                                        | Ford Credit Auto Lease Trust, Series 2024-B, Class A3                            | CUSIP: 345279AD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1070000 | PA      | $1078273.13   | 0.03%             | 2027-12-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179W7L6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6337612 | PA      | $5804472.79   | 0.17%             | 2052-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust                       | Bridgecrest Lending Auto Securitization Trust, Series 2025-2, Class A3           | CUSIP: 10807HAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6445000 | PA      | $6471761.57   | 0.19%             | 2028-12-15      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XHRP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  14335780 | PA      | $14048798.69  | 0.41%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DWE41<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3584991 | PA      | $3280800.45   | 0.09%             | 2052-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc.                                                   | Merck & Co., Inc.                                                                | CUSIP: 58933YBS3<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |  12065000 | PA      | $12202848.30  | 0.35%             | 2035-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| Bimbo Bakeries USA, Inc.                                            | Bimbo Bakeries USA, Inc.                                                         | CUSIP: 09031WAD5<br>LEI: 549300HOXXHHT7926W92 | Long             | DBT              | CORP              | US        |  10896000 | PA      | $11868597.99  | 0.34%             | 2034-01-15      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138WPG73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    290277 | PA      | $274166.22    | 0.01%             | 2043-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                                         | Truist Bank                                                                      | CUSIP: 89788JAF6<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |   7125000 | PA      | $7155399.95   | 0.21%             | 2028-07-24      | Variable      | 4.42%                 | No            |                  2 | On Loan: —       |
| Hercules Capital, Inc.                                              | Hercules Capital, Inc.                                                           | CUSIP: 427096AN2<br>LEI: 549300UJ5OC256GR2B73 | Long             | DBT              | CORP              | US        |   2285000 | PA      | $2330589.50   | 0.07%             | 2030-06-16      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Silgan Holdings, Inc.                                               | Silgan Holdings, Inc.                                                            | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |   2350000 | PA      | $2313066.81   | 0.07%             | 2026-04-01      | Fixed         | 1.40%                 | Yes           |                  2 | On Loan: —       |
| LXP Industrial Trust                                                | LXP Industrial Trust                                                             | CUSIP: 529043AF8<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |   7600000 | PA      | $8078607.34   | 0.23%             | 2028-11-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Western-Southern Global Funding                                     | Western-Southern Global Funding                                                  | CUSIP: 95954A2B8<br>LEI: 635400PFYEGVSGK4VB37 | Long             | DBT              | CORP              | US        |   7110000 | PA      | $7156256.31   | 0.21%             | 2028-07-16      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                                     | Goldman Sachs Group, Inc. (The)                                                  | CUSIP: 38141GYJ7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3947000 | PA      | $3522692.41   | 0.10%             | 2032-07-21      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| American National Group, Inc.                                       | American National Group, Inc.                                                    | CUSIP: 025676AQ0<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   3290000 | PA      | $3358604.53   | 0.10%             | 2035-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| Carrier Global Corp.                                                | Carrier Global Corp.                                                             | CUSIP: 14448CAQ7<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |   3515000 | PA      | $3294205.73   | 0.10%             | 2030-02-15      | Fixed         | 2.72%                 | No            |                  2 | On Loan: —       |
| Target Corp.                                                        | Target Corp.                                                                     | CUSIP: 87612EBT2<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |   7405000 | PA      | $7497212.69   | 0.22%             | 2035-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| SCF Equipment Trust LLC                                             | SCF Equipment Trust LLC, Series 2025-1A, Class A3                                | CUSIP: 78437DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1980000 | PA      | $2026465.85   | 0.06%             | 2033-11-21      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| Var Energi ASA                                                      | Var Energi ASA                                                                   | CUSIP: 92212WAD2<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   1000000 | PA      | $1059806.35   | 0.03%             | 2028-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: —       |
| Fells Point Funding Trust                                           | Fells Point Funding Trust                                                        | CUSIP: 314382AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6825000 | PA      | $6714423.47   | 0.19%             | 2027-01-31      | Fixed         | 3.05%                 | Yes           |                  2 | On Loan: —       |
| NextEra Energy Capital Holdings, Inc.                               | NextEra Energy Capital Holdings, Inc.                                            | CUSIP: 65339KBW9<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   2320000 | PA      | $2193068.07   | 0.06%             | 2028-06-15      | Fixed         | 1.90%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138W9GW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    631897 | PA      | $595646.11    | 0.02%             | 2043-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140X7Y86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1146085 | PA      | $1023634.68   | 0.03%             | 2050-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EPR Properties                                                      | EPR Properties                                                                   | CUSIP: 26884UAD1<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    385000 | PA      | $385206.25    | 0.01%             | 2027-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138X6TP0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    230837 | PA      | $224005.27    | 0.01%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140QUSS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3857880 | PA      | $3980965.77   | 0.11%             | 2054-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                 | Exeter Automobile Receivables Trust, Series 2024-3A, Class A3                    | CUSIP: 30165AAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    266551 | PA      | $266916.55    | 0.01%             | 2027-12-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Weir Group, Inc.                                                    | Weir Group, Inc.                                                                 | CUSIP: 94877DAA2<br>LEI: 2138009WEPEV2V98AV65 | Long             | DBT              | CORP              | US        |   3935000 | PA      | $4048112.52   | 0.12%             | 2030-05-06      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: No      |
| American National Global Funding                                    | American National Global Funding                                                 | CUSIP: 02771D2B9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5725000 | PA      | $5837970.80   | 0.17%             | 2030-06-03      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| EPR Properties                                                      | EPR Properties                                                                   | CUSIP: 26884UAE9<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    340000 | PA      | $342630.26    | 0.01%             | 2028-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                      | Enterprise Fleet Financing LLC, Series 2025-1, Class A3                          | CUSIP: 29390HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1075000 | PA      | $1092072.08   | 0.03%             | 2029-02-20      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138W7NQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    679557 | PA      | $635951.32    | 0.02%             | 2043-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CubeSmart LP                                                        | CubeSmart LP                                                                     | CUSIP: 22966RAC0<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              | CORP              | US        |    874000 | PA      | $872914.68    | 0.03%             | 2025-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VICI Properties LP                                                  | VICI Properties LP                                                               | CUSIP: 925650AJ2<br>LEI: 254900X4QE7SGKQLLN38 | Long             | DBT              | CORP              | US        |   2675000 | PA      | $2702890.41   | 0.08%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| World Omni Select Auto Trust                                        | World Omni Select Auto Trust, Series 2024-A, Class A2A                           | CUSIP: 98164LAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    262645 | PA      | $263097.21    | 0.01%             | 2028-02-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| ALA Trust                                                           | ALA Trust, Series 2025-OANA, Class A                                             | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1845000 | PA      | $1854225.00   | 0.05%             | 2040-06-15      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179MX47<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    356222 | PA      | $337957.77    | 0.01%             | 2043-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DWDC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  53519746 | PA      | $43337101.65  | 1.25%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                                  | Crown Castle, Inc.                                                               | CUSIP: 22822VAB7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    430000 | PA      | $429756.10    | 0.01%             | 2026-02-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DPBW7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3165354 | PA      | $3255564.12   | 0.09%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140J6GM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2745438 | PA      | $2639524.92   | 0.08%             | 2047-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NatWest Markets plc                                                 | NatWest Markets plc                                                              | CUSIP: 63906YAM0<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   6360000 | PA      | $6471478.59   | 0.19%             | 2028-03-21      | Fixed         | 4.79%                 | Yes           |                  2 | On Loan: —       |
| Vistra Operations Co. LLC                                           | Vistra Operations Co. LLC                                                        | CUSIP: 92840VAA0<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1199058.05   | 0.03%             | 2026-09-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132D6E97<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3316845 | PA      | $3351405.38   | 0.10%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18000000 | PA      | $12640781.16  | 0.36%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GA Global Funding Trust                                             | GA Global Funding Trust                                                          | CUSIP: 36143L2T1<br>LEI: 54930029I8ROQ4OROZ88 | Long             | DBT              | CORP              | US        |   5505000 | PA      | $5649663.47   | 0.16%             | 2032-04-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: —       |
| South Bow USA Infrastructure Holdings LLC                           | South Bow USA Infrastructure Holdings LLC                                        | CUSIP: 83007CAD4<br>LEI: 254900Z1WAY7QFQ7O850 | Long             | DBT              | CORP              | US        |   1876000 | PA      | $1897535.75   | 0.05%             | 2029-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: —       |
| University of Michigan                                              | University of Michigan, Series C                                                 | CUSIP: 914455VJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3285000 | PA      | $2780033.09   | 0.08%             | 2047-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3133AGNS4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1751820 | PA      | $1431568.97   | 0.04%             | 2051-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DWCS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6584395 | PA      | $5059098.85   | 0.15%             | 2051-12-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XHQF7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5912880 | PA      | $5466028.43   | 0.16%             | 2050-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810UB2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  58097000 | PA      | $57672619.43  | 1.66%             | 2044-05-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XBS43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1715587 | PA      | $1459623.06   | 0.04%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bacardi-Martini BV                                                  | Bacardi-Martini BV                                                               | CUSIP: 05634WAA0<br>LEI: 5493002XXBV8B88K2408 | Long             | DBT              | CORP              | NL        |   3485000 | PA      | $3599670.16   | 0.10%             | 2030-02-01      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XCCQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1255876 | PA      | $1065355.54   | 0.03%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810TQ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6200000 | PA      | $5627226.58   | 0.16%             | 2043-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Co. LLC                                           | Ford Motor Credit Co. LLC                                                        | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    585000 | PA      | $580661.08    | 0.02%             | 2029-05-03      | Fixed         | 5.11%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XTAN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3249564 | PA      | $2912315.52   | 0.08%             | 2051-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)                            | PNC Financial Services Group, Inc. (The)                                         | CUSIP: 693475BT1<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2671000 | PA      | $2736298.66   | 0.08%             | 2027-10-20      | Variable      | 6.62%                 | No            |                  2 | On Loan: —       |
| NLG Global Funding                                                  | NLG Global Funding                                                               | CUSIP: 62915W2B8<br>LEI: 635400SKBQOWEJZLTW68 | Long             | DBT              | CORP              | US        |   8335000 | PA      | $8247645.53   | 0.24%             | 2030-09-15      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: —       |
| FHLMC                                                               | FHLMC                                                                            | CUSIP: 3132MANN7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    233272 | PA      | $219859.34    | 0.01%             | 2044-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NiSource, Inc.                                                      | NiSource, Inc.                                                                   | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    485000 | PA      | $497590.25    | 0.01%             | 2028-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| DTE Energy Co.                                                      | DTE Energy Co.                                                                   | CUSIP: 233331BM8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   2513000 | PA      | $2544981.19   | 0.07%             | 2027-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: —       |
| LXP Industrial Trust                                                | LXP Industrial Trust                                                             | CUSIP: 529537AA0<br>LEI: 549300S4MH2ICXDBFV43 | Long             | DBT              | CORP              | US        |    471000 | PA      | $408592.20    | 0.01%             | 2031-10-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140A1DZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    382735 | PA      | $397099.02    | 0.01%             | 2053-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EnFin Residential Solar Receivables Trust                           | EnFin Residential Solar Receivables Trust, Series 2024-1A, Class A               | CUSIP: 29281LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.02         | 0.00%             | 2055-02-20      | Fixed         | 6.65%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                                 | Citigroup Commercial Mortgage Trust, Series 2018-C6, Class A4                    | CUSIP: 17327GAY0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4505000 | PA      | $4473396.07   | 0.13%             | 2051-11-10      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| Equitable America Global Funding                                    | Equitable America Global Funding                                                 | CUSIP: 29446Q2B8<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |   6570000 | PA      | $6701289.82   | 0.19%             | 2030-06-09      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: —       |
| Duke Energy Ohio, Inc.                                              | Duke Energy Ohio, Inc.                                                           | CUSIP: 26442EAJ9<br>LEI: L6KC0HABGHNFU1Z6QY21 | Long             | DBT              | CORP              | US        |   4385000 | PA      | $4541410.89   | 0.13%             | 2033-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Evergy Missouri West, Inc.                                          | Evergy Missouri West, Inc.                                                       | CUSIP: 30037EAA1<br>LEI: EZIFUDC0VSUS6T6LCG85 | Long             | DBT              | CORP              | US        |   3140000 | PA      | $2916532.17   | 0.08%             | 2032-03-15      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31418DET5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3851897 | PA      | $3560414.07   | 0.10%             | 2049-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XHAE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6046390 | PA      | $5757815.88   | 0.17%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dow Chemical Co. (The)                                              | Dow Chemical Co. (The)                                                           | CUSIP: 260543DN0<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |   7440000 | PA      | $7408797.98   | 0.21%             | 2031-01-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Skandinaviska Enskilda Banken AB                                    | Skandinaviska Enskilda Banken AB                                                 | CUSIP: 830505BK8<br>LEI: F3JS33DEI6XQ4ZBPTN86 | Long             | DBT              | CORP              | SE        |   7725000 | PA      | $7742401.57   | 0.22%             | 2030-09-03      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding 1 LLC                                    | Wheels Fleet Lease Funding 1 LLC, Series 2024-2A, Class A1                       | CUSIP: 96328GBT3<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   3499166 | PA      | $3535055.92   | 0.10%             | 2039-06-21      | Fixed         | 4.87%                 | Yes           |                  2 | On Loan: No      |
| Philip Morris International, Inc.                                   | Philip Morris International, Inc.                                                | CUSIP: 718172CP2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   3803000 | PA      | $3465690.56   | 0.10%             | 2030-05-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: —       |
| Kite Realty Group LP                                                | Kite Realty Group LP                                                             | CUSIP: 49803XAA1<br>LEI: 549300X6R2GYI8Y3OD81 | Long             | DBT              | CORP              | US        |   1256000 | PA      | $1252610.63   | 0.04%             | 2026-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                                               | DB Master Finance LLC, Series 2021-1A, Class A2I                                 | CUSIP: 233046AN1<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   4029025 | PA      | $3921668.41   | 0.11%             | 2051-11-20      | Fixed         | 2.04%                 | Yes           |                  2 | On Loan: No      |
| SBNA Auto Lease Trust                                               | SBNA Auto Lease Trust, Series 2024-B, Class A3                                   | CUSIP: 78437VAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2200000 | PA      | $2214920.40   | 0.06%             | 2027-11-22      | Fixed         | 5.56%                 | Yes           |                  2 | On Loan: No      |
| CaixaBank SA                                                        | CaixaBank SA                                                                     | CUSIP: 12803RAL8<br>LEI: 7CUNS533WID6K7DGFI87 | Long             | DBT              | CORP              | ES        |   4995000 | PA      | $5046260.44   | 0.15%             | 2031-07-03      | Variable      | 4.88%                 | Yes           |                  2 | On Loan: No      |
| BAT Capital Corp.                                                   | BAT Capital Corp.                                                                | CUSIP: 05526DBR5<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   4275000 | PA      | $4085228.48   | 0.12%             | 2028-03-25      | Fixed         | 2.26%                 | No            |                  2 | On Loan: —       |
| HPS Corporate Lending Fund                                          | HPS Corporate Lending Fund                                                       | CUSIP: 40440VAH8<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |   4590000 | PA      | $4631737.65   | 0.13%             | 2028-01-14      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| North Haven Private Income Fund LLC                                 | North Haven Private Income Fund LLC                                              | CUSIP: 65960NAC4<br>LEI: 2549002BFPESF1EH2765 | Long             | DBT              | CORP              | US        |   1885000 | PA      | $1875261.45   | 0.05%             | 2028-09-25      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: —       |
| Vornado Realty LP                                                   | Vornado Realty LP                                                                | CUSIP: 929043AK3<br>LEI: 549300BMOJ05INE4YK86 | Long             | DBT              | CORP              | US        |   3400000 | PA      | $3337698.13   | 0.10%             | 2026-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: —       |
| CNH Industrial Capital LLC                                          | CNH Industrial Capital LLC                                                       | CUSIP: 12592BAU8<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   3065000 | PA      | $3099166.35   | 0.09%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| EPR Properties                                                      | EPR Properties                                                                   | CUSIP: 26884UAF6<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |    140000 | PA      | $134779.38    | 0.00%             | 2029-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: —       |
| United States of America                                            | U.S. Treasury Notes                                                              | CUSIP: 91282CNX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  55609100 | PA      | $55322365.58  | 1.60%             | 2030-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| NextEra Energy Capital Holdings, Inc.                               | NextEra Energy Capital Holdings, Inc.                                            | CUSIP: 65339KCL2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   4095000 | PA      | $4139531.16   | 0.12%             | 2027-09-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: —       |
| Goldman Sachs Group, Inc. (The)                                     | Goldman Sachs Group, Inc. (The)                                                  | CUSIP: 38141GYG3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    750000 | PA      | $731489.90    | 0.02%             | 2027-09-10      | Variable      | 1.54%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XAA77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6715925 | PA      | $6200430.39   | 0.18%             | 2036-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                                    | OneMain Financial Issuance Trust, Series 2019-2A, Class A                        | CUSIP: 68269BAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3625000 | PA      | $3556021.33   | 0.10%             | 2036-10-14      | Fixed         | 3.14%                 | Yes           |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue | Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Series D    | CUSIP: 592643BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2465873.20   | 0.07%             | 2047-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DUQU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15653926 | PA      | $16061119.96  | 0.46%             | 2054-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AutoNation Finance Trust                                            | AutoNation Finance Trust, Series 2025-1A, Class A3                               | CUSIP: 05330QAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2180000 | PA      | $2200932.36   | 0.06%             | 2029-11-13      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust                           | Navient Private Education Refi Loan Trust, Series 2021-EA, Class A               | CUSIP: 63942EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3726005 | PA      | $3358490.78   | 0.10%             | 2069-12-16      | Fixed         | 0.97%                 | Yes           |                  2 | On Loan: No      |
| Aviation Capital Group LLC                                          | Aviation Capital Group LLC                                                       | CUSIP: 05369AAS0<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |   3765000 | PA      | $3822116.41   | 0.11%             | 2030-04-10      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| Extra Space Storage LP                                              | Extra Space Storage LP                                                           | CUSIP: 30225VAJ6<br>LEI: 549300YNKSKNZFR8UC42 | Long             | DBT              | CORP              | US        |   1213000 | PA      | $1252801.81   | 0.04%             | 2028-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140QLEL6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1058556 | PA      | $900813.76    | 0.03%             | 2051-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| 720 East CLO V Ltd.                                                 | 720 East CLO V Ltd., Series 2024-2A, Class A1                                    | CUSIP: 81789MAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8500000 | PA      | $8522576.00   | 0.25%             | 2037-07-20      | Floating      | 5.86%                 | Yes           |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                                        | Avolon Holdings Funding Ltd.                                                     | CUSIP: 05401ABC4<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |  11300000 | PA      | $11163570.58  | 0.32%             | 2032-10-15      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DV6V2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6601373 | PA      | $5859213.51   | 0.17%             | 2050-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                             | CUSIP: 31381RN91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    745990 | PA      | $752497.23    | 0.02%             | 2028-06-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DWHP1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4300509 | PA      | $4055366.55   | 0.12%             | 2053-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XPV55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8993714 | PA      | $9100035.62   | 0.26%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                             | Daimler Truck Finance North America LLC                                          | CUSIP: 233853BF6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   2475000 | PA      | $2556866.27   | 0.07%             | 2035-01-13      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XNPR9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10895299 | PA      | $9772499.03   | 0.28%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Element Fleet Management Corp.                                      | Element Fleet Management Corp.                                                   | CUSIP: 286181AP7<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |   2175000 | PA      | $2218629.56   | 0.06%             | 2030-03-25      | Fixed         | 5.04%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31418EDE7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3558422 | PA      | $3256876.11   | 0.09%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Duke Energy Indiana LLC                                             | Duke Energy Indiana LLC, Series YYY                                              | CUSIP: 26443TAB2<br>LEI: 6URPHM2EAWGJ2C6ISB97 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $1742080.00   | 0.05%             | 2049-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                        | UBS Group AG                                                                     | CUSIP: 225401AZ1<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1359000 | PA      | $1499090.83   | 0.04%             | 2033-08-12      | Variable      | 6.54%                 | Yes           |                  2 | On Loan: No      |
| M&T Bank Corp.                                                      | M&T Bank Corp.                                                                   | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   3540000 | PA      | $3625336.83   | 0.10%             | 2031-07-08      | Variable      | 5.18%                 | No            |                  2 | On Loan: —       |
| United States of America                                            | U.S. Treasury Notes                                                              | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  35540000 | PA      | $35867634.38  | 1.03%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                                   | World Omni Auto Receivables Trust, Series 2025-C, Class A3                       | CUSIP: 981936AC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6335000 | PA      | $6354295.14   | 0.18%             | 2030-11-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| Danske Bank A/S                                                     | Danske Bank A/S                                                                  | CUSIP: 23636ABK6<br>LEI: MAES062Z21O4RZ2U7M96 | Long             | DBT              | CORP              | DK        |   3335000 | PA      | $3398021.36   | 0.10%             | 2031-03-04      | Variable      | 5.02%                 | Yes           |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DUNX1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  17836844 | PA      | $17349913.97  | 0.50%             | 2054-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Dulles Toll Road Revenue | Metropolitan Washington Airports Authority Dulles Toll Road Revenue, Series D    | CUSIP: 592643AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $7235095.20   | 0.21%             | 2046-10-01      | Fixed         | 7.46%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3142GS5R5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6444543 | PA      | $6428991.23   | 0.19%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                             | CUSIP: 31381MQW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2178392 | PA      | $2171939.68   | 0.06%             | 2028-04-01      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Octane Receivables Trust                                            | Octane Receivables Trust, Series 2024-3A, Class A2                               | CUSIP: 67571GAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    647901 | PA      | $651387.75    | 0.02%             | 2030-05-20      | Fixed         | 4.94%                 | Yes           |                  2 | On Loan: No      |
| Amur Equipment Finance Receivables XI LLC                           | Amur Equipment Finance Receivables XI LLC, Series 2022-2A, Class A2              | CUSIP: 03236XAB3<br>LEI: 549300IFG1NMINYRYF89 | Long             | ABS-O            | CORP              | US        |    118180 | PA      | $118468.80    | 0.00%             | 2028-06-21      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Affirm Master Trust                                                 | Affirm Master Trust, Series 2025-2A, Class A                                     | CUSIP: 00833BAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6660000 | PA      | $6698362.27   | 0.19%             | 2033-07-15      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XJK44<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10538456 | PA      | $10714799.34  | 0.31%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                                      | Commonwealth Bank of Australia                                                   | CUSIP: 20271RAW0<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   2680000 | PA      | $2679129.99   | 0.08%             | 2030-10-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Antares Holdings LP                                                 | Antares Holdings LP                                                              | CUSIP: 03666HAH4<br>LEI: 5493008EAIGV4283RM42 | Long             | DBT              | CORP              | US        |   1885000 | PA      | $1927569.80   | 0.06%             | 2029-10-23      | Fixed         | 6.35%                 | Yes           |                  2 | On Loan: No      |
| FS KKR Capital Corp.                                                | FS KKR Capital Corp.                                                             | CUSIP: 302635AQ0<br>LEI: 549300TYRSI1T21B1360 | Long             | DBT              | CORP              | US        |   1855000 | PA      | $1837847.80   | 0.05%             | 2031-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DWER0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2207645 | PA      | $2088178.75   | 0.06%             | 2052-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                                                         | Amgen, Inc.                                                                      | CUSIP: 031162DH0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1668501.52   | 0.05%             | 2029-08-18      | Fixed         | 4.05%                 | No            |                  2 | On Loan: —       |
| Lowe's Cos., Inc.                                                   | Lowe's Cos., Inc.                                                                | CUSIP: 548661EX1<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   7870000 | PA      | $7804883.54   | 0.23%             | 2035-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| United Mexican States                                               | United Mexican States                                                            | CUSIP: 91087BBE9<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   7110000 | PA      | $7340364.00   | 0.21%             | 2032-07-02      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Chubb INA Holdings LLC                                              | Chubb INA Holdings LLC                                                           | CUSIP: 171239AM8<br>LEI: CZCBJZWDMLTHWJDXU843 | Long             | DBT              | CORP              | US        |   3080000 | PA      | $3098309.21   | 0.09%             | 2035-08-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138WGFE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    372156 | PA      | $349097.88    | 0.01%             | 2046-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XRAN5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    869174 | PA      | $896047.47    | 0.03%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts LP                                            | Host Hotels & Resorts LP                                                         | CUSIP: 44107TBD7<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |   6710000 | PA      | $6912135.86   | 0.20%             | 2032-06-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| SBL Holdings, Inc.                                                  | SBL Holdings, Inc.                                                               | CUSIP: 78397DAE8<br>LEI: 635400MJW3QDSBJRKQ59 | Long             | DBT              | CORP              | US        |   8015000 | PA      | $8048437.22   | 0.23%             | 2028-09-26      | Fixed         | 5.90%                 | Yes           |                  2 | On Loan: —       |
| Textainer Marine Containers VII Ltd.                                | Textainer Marine Containers VII Ltd., Series 2020-2A, Class A                    | CUSIP: 88315LAG3<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |   2168554 | PA      | $2039784.65   | 0.06%             | 2045-09-20      | Fixed         | 2.10%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DN2T9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7036223 | PA      | $7172039.28   | 0.21%             | 2052-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179XH25<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7166727 | PA      | $7288184.59   | 0.21%             | 2052-10-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                                       | Comcast Corp.                                                                    | CUSIP: 20030NDA6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   3905000 | PA      | $3661648.17   | 0.11%             | 2030-02-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31418CU77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3530086 | PA      | $3280197.16   | 0.09%             | 2048-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                      | BNP Paribas SA                                                                   | CUSIP: 05565AAR4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   8500000 | PA      | $8483963.31   | 0.24%             | 2026-05-12      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: —       |
| Santander Drive Auto Receivables Trust                              | Santander Drive Auto Receivables Trust, Series 2025-1, Class C                   | CUSIP: 80288DAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3081000 | PA      | $3128120.81   | 0.09%             | 2031-03-17      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3133B93G7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8018851 | PA      | $6764121.88   | 0.20%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810SN9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  75000000 | PA      | $36788085.75  | 1.06%             | 2050-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XLHN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5012545 | PA      | $5188238.08   | 0.15%             | 2053-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179TAK1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    387967 | PA      | $358278.99    | 0.01%             | 2047-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GE Capital Funding LLC                                              | GE Capital Funding LLC                                                           | CUSIP: 36166NAK9<br>LEI: 549300XAGH9TOLX5XM67 | Long             | DBT              | CORP              | US        |   1207000 | PA      | $1219972.44   | 0.04%             | 2032-05-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                              | CUSIP: 91282CLZ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14817000 | PA      | $15027679.22  | 0.43%             | 2031-11-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140L2QD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1393069 | PA      | $1138157.30   | 0.03%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Carmax Select Receivables Trust                                     | Carmax Select Receivables Trust, Series 2024-A, Class A3                         | CUSIP: 14319FAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1012027.00   | 0.03%             | 2028-11-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XHBZ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6140037 | PA      | $5846985.70   | 0.17%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BofA Auto Trust                                                     | BofA Auto Trust, Series 2025-1A, Class A3                                        | CUSIP: 05594BAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1515000 | PA      | $1524683.12   | 0.04%             | 2029-11-20      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| Chase Issuance Trust                                                | Chase Issuance Trust, Series 2023-A1, Class A                                    | CUSIP: 161571HT4<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |   8500000 | PA      | $8602457.30   | 0.25%             | 2028-09-15      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| HSBC USA, Inc.                                                      | HSBC USA, Inc.                                                                   | CUSIP: 40428HR95<br>LEI: 549300LBOHZ4QSIWU288 | Long             | DBT              | CORP              | US        |   3115000 | PA      | $3159049.62   | 0.09%             | 2028-06-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| Hilton Grand Vacations Trust                                        | Hilton Grand Vacations Trust, Series 2023-1A, Class A                            | CUSIP: 432917AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    404346 | PA      | $413130.42    | 0.01%             | 2038-01-25      | Fixed         | 5.72%                 | Yes           |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust                           | Navient Private Education Refi Loan Trust, Series 2021-GA, Class A               | CUSIP: 63942KAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3808521 | PA      | $3442151.52   | 0.10%             | 2070-04-15      | Fixed         | 1.58%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140X84A2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1346792 | PA      | $1096482.10   | 0.03%             | 2050-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179SGL5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    120618 | PA      | $111486.28    | 0.00%             | 2046-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CubeSmart LP                                                        | CubeSmart LP                                                                     | CUSIP: 22966RAD8<br>LEI: 549300MPHKO3I3FJRA97 | Long             | DBT              | CORP              | US        |   3125000 | PA      | $3096040.16   | 0.09%             | 2026-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Wise CLO Ltd.                                                       | Wise CLO Ltd., Series 2024-2A, Class A                                           | CUSIP: 97718GAA1<br>LEI: 254900UJ1RZE30CBZ497 | Long             | ABS-CBDO         | CORP              | KY        |   8500000 | PA      | $8527200.00   | 0.25%             | 2037-07-15      | Floating      | 5.78%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                                        | Oracle Corp.                                                                     | CUSIP: 68389XBV6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $942234.96    | 0.03%             | 2030-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Amcor Flexibles North America, Inc.                                 | Amcor Flexibles North America, Inc.                                              | CUSIP: 02344AAF5<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | DBT              | CORP              | US        |   5645000 | PA      | $5708291.01   | 0.16%             | 2028-03-17      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Issuer Trust                                   | GLS Auto Receivables Issuer Trust, Series 2025-2A, Class C                       | CUSIP: 37989BAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1840000 | PA      | $1860936.26   | 0.05%             | 2031-01-15      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179Y5M2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4789544 | PA      | $4882347.75   | 0.14%             | 2054-08-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                           | Chesapeake Funding II LLC, Series 2023-2A, Class A1                              | CUSIP: 165183CZ5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |    644252 | PA      | $653406.70    | 0.02%             | 2035-10-15      | Fixed         | 6.16%                 | Yes           |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust                                   | World Omni Auto Receivables Trust, Series 2024-C, Class A3                       | CUSIP: 98164NAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2424000 | PA      | $2437019.30   | 0.07%             | 2029-12-17      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Amcor Group Finance plc                                             | Amcor Group Finance plc                                                          | CUSIP: 02344BAA4<br>LEI: 2549008XHB8M1L64J275 | Long             | DBT              | CORP              | GB        |   3615000 | PA      | $3734953.44   | 0.11%             | 2029-05-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| SoFi Consumer Loan Program Trust                                    | SoFi Consumer Loan Program Trust, Series 2025-2, Class A                         | CUSIP: 83407HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1802279 | PA      | $1811689.26   | 0.05%             | 2034-06-25      | Fixed         | 4.82%                 | Yes           |                  2 | On Loan: No      |
| Honda Motor Co. Ltd.                                                | Honda Motor Co. Ltd.                                                             | CUSIP: 438127AE2<br>LEI: 549300P7ZYCQJ36CCS16 | Long             | DBT              | CORP              | JP        |   6405000 | PA      | $6461485.70   | 0.19%             | 2030-07-08      | Fixed         | 4.69%                 | No            |                  2 | On Loan: —       |
| Reach ABS Trust                                                     | Reach ABS Trust, Series 2024-2A, Class A                                         | CUSIP: 75525HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    773748 | PA      | $777730.88    | 0.02%             | 2031-07-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132CWRM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6736224 | PA      | $6230576.00   | 0.18%             | 2035-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC                                                                            | CUSIP: 3132L7NM7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     82176 | PA      | $81660.64     | 0.00%             | 2046-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NLG Global Funding                                                  | NLG Global Funding                                                               | CUSIP: 62915W2A0<br>LEI: 635400SKBQOWEJZLTW68 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $2217022.77   | 0.06%             | 2030-01-23      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: —       |
| Deutsche Bank AG                                                    | Deutsche Bank AG                                                                 | CUSIP: 251526DB2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   3780000 | PA      | $3815746.70   | 0.11%             | 2031-08-04      | Variable      | 4.95%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XHHT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7349119 | PA      | $5965921.71   | 0.17%             | 2051-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140KHUF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1066071 | PA      | $914048.07    | 0.03%             | 2050-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Wellington Management CLO 3 Ltd.                                    | Wellington Management CLO 3 Ltd., Series 2024-3A, Class B                        | CUSIP: 949575AC8<br>LEI: 2138007662K4YWZ79U31 | Long             | ABS-CBDO         | CORP              | JE        |    500000 | PA      | $501366.50    | 0.01%             | 2037-07-18      | Floating      | 5.98%                 | Yes           |                  2 | On Loan: No      |
| WP Carey, Inc.                                                      | WP Carey, Inc.                                                                   | CUSIP: 92936UAN9<br>LEI: 54930042CRNE713E3Q67 | Long             | DBT              | CORP              | US        |   2740000 | PA      | $2756181.59   | 0.08%             | 2030-07-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| F&G Global Funding                                                  | F&G Global Funding                                                               | CUSIP: 30321L2K7<br>LEI: 6354009CCUKJIZ7KFX73 | Long             | DBT              | CORP              | US        |   2385000 | PA      | $2393443.66   | 0.07%             | 2028-09-08      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3133KMR72<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6144773 | PA      | $5652372.59   | 0.16%             | 2051-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                  | Energy Transfer LP                                                               | CUSIP: 29273RBG3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3501008.49   | 0.10%             | 2026-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Nasdaq, Inc.                                                        | Nasdaq, Inc.                                                                     | CUSIP: 63111XAH4<br>LEI: 549300L8X1Q78ERXFD06 | Long             | DBT              | CORP              | US        |   1231000 | PA      | $1269275.78   | 0.04%             | 2028-06-28      | Fixed         | 5.35%                 | No            |                  2 | On Loan: —       |
| Auxilior Term Funding LLC                                           | Auxilior Term Funding LLC, Series 2023-1A, Class A2                              | CUSIP: 05335JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    385690 | PA      | $388503.50    | 0.01%             | 2028-12-15      | Fixed         | 6.18%                 | Yes           |                  2 | On Loan: No      |
| Public Service Co. of Colorado                                      | Public Service Co. of Colorado                                                   | CUSIP: 744448DB4<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |   4185000 | PA      | $4306637.49   | 0.12%             | 2055-05-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Dell International LLC                                              | Dell International LLC                                                           | CUSIP: 24703DBT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6040000 | PA      | $6012999.03   | 0.17%             | 2032-10-06      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Jackson National Life Global Funding                                | Jackson National Life Global Funding                                             | CUSIP: 46849CJP7<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   6900000 | PA      | $6977739.61   | 0.20%             | 2028-06-05      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: —       |
| TPG Operating Group II LP                                           | TPG Operating Group II LP                                                        | CUSIP: 872652AB8<br>LEI: 2549001H9RJQNZT7MU11 | Long             | DBT              | CORP              | US        |   6095000 | PA      | $6110709.44   | 0.18%             | 2036-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| Charter Communications Operating LLC                                | Charter Communications Operating LLC                                             | CUSIP: 161175BV5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3165000 | PA      | $2087980.79   | 0.06%             | 2051-04-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CF SECURED LLC                                                      | Government Agency Repurchase Agreement                                           | CUSIP: N/A<br>LEI: 254900OXTV81I73FAT50       | Long             | RA               | CORP              | US        |  65000000 | PA      | $65000000.00  | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Healthpeak OP LLC                                                   | Healthpeak OP LLC                                                                | CUSIP: 40414LAQ2<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | DBT              | CORP              | US        |   1025000 | PA      | $1017638.01   | 0.03%             | 2026-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| Main Street Capital Corp.                                           | Main Street Capital Corp.                                                        | CUSIP: 56035LAK0<br>LEI: 5493001FS9QJLJNF3E20 | Long             | DBT              | CORP              | US        |   5085000 | PA      | $5105563.64   | 0.15%             | 2028-08-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BOFA SECURITIES, INC                                                | Government Agency Repurchase Agreement                                           | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179TLS2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    456437 | PA      | $423699.37    | 0.01%             | 2047-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                               | Westlake Automobile Receivables Trust, Series 2024-3A, Class A3                  | CUSIP: 96043CAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3015807.30   | 0.09%             | 2028-04-17      | Fixed         | 4.71%                 | Yes           |                  2 | On Loan: No      |
| United Airlines, Inc.                                               | United Airlines, Inc.                                                            | CUSIP: 90932LAH0<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   3032000 | PA      | $2985576.29   | 0.09%             | 2029-04-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: —       |
| Nationwide Building Society                                         | Nationwide Building Society                                                      | CUSIP: 63861VAP2<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   6790000 | PA      | $6764535.53   | 0.20%             | 2030-09-30      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| Ares Capital Corp.                                                  | Ares Capital Corp.                                                               | CUSIP: 04010LBH5<br>LEI: WEQ82666OJYSI5GUAB47 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1884447.31   | 0.05%             | 2032-03-08      | Fixed         | 5.80%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XHJU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4387169 | PA      | $3926014.35   | 0.11%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Electric Power Co.                                        | Wisconsin Electric Power Co.                                                     | CUSIP: 976656CU0<br>LEI: AENKIFMULUAWOUU8Q584 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $1941763.57   | 0.06%             | 2030-10-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| GreenSky Home Improvement Issuer Trust                              | GreenSky Home Improvement Issuer Trust, Series 2024-2, Class A4                  | CUSIP: 39571XAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    825251 | PA      | $834948.23    | 0.02%             | 2059-10-27      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810TD0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  54800000 | PA      | $33990984.51  | 0.98%             | 2052-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Targa Resources Partners LP                                         | Targa Resources Partners LP                                                      | CUSIP: 87612BBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1266000 | PA      | $1269697.67   | 0.04%             | 2031-02-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3133A2D64<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    903189 | PA      | $804565.60    | 0.02%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DWF57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  25907548 | PA      | $25817141.63  | 0.74%             | 2053-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eastman Chemical Co.                                                | Eastman Chemical Co.                                                             | CUSIP: 277432AZ3<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1553012.08   | 0.04%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Wellington Management CLO 3 Ltd.                                    | Wellington Management CLO 3 Ltd., Series 2024-3A, Class A1                       | CUSIP: 949575AA2<br>LEI: 2138007662K4YWZ79U31 | Long             | ABS-CBDO         | CORP              | JE        |   1350000 | PA      | $1352425.95   | 0.04%             | 2037-07-18      | Floating      | 5.69%                 | Yes           |                  2 | On Loan: No      |
| Broadcom, Inc.                                                      | Broadcom, Inc.                                                                   | CUSIP: 11135FCW9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   3855000 | PA      | $3848424.53   | 0.11%             | 2030-10-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| FHLMC                                                               | FHLMC                                                                            | CUSIP: 3132L5R62<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     89347 | PA      | $86909.04     | 0.00%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                      | Morgan Stanley                                                                   | CUSIP: 6174468X0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4630000 | PA      | $4040729.39   | 0.12%             | 2032-04-28      | Variable      | 1.93%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                      | Carvana Auto Receivables Trust, Series 2025-P3, Class A3                         | CUSIP: 14688AAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3558000 | PA      | $3550584.77   | 0.10%             | 2030-11-11      | Fixed         | 4.04%                 | No            |                  2 | On Loan: No      |
| Raizen Fuels Finance SA                                             | Raizen Fuels Finance SA                                                          | CUSIP: 75102XAF3<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |   5310000 | PA      | $5182560.00   | 0.15%             | 2032-07-08      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| Cooperatieve Rabobank UA                                            | Cooperatieve Rabobank UA                                                         | CUSIP: 74977RDV3<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   4190000 | PA      | $4278491.42   | 0.12%             | 2031-05-27      | Variable      | 4.99%                 | Yes           |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DPQF8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1467595 | PA      | $1349714.05   | 0.04%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DQG67<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  13367854 | PA      | $13060022.84  | 0.38%             | 2053-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Santander UK Group Holdings plc                                     | Santander UK Group Holdings plc                                                  | CUSIP: 80281LAY1<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   3200000 | PA      | $3170168.29   | 0.09%             | 2036-09-22      | Variable      | 5.14%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                                         | Nationwide Building Society                                                      | CUSIP: 63861VAM9<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   8355000 | PA      | $8423264.03   | 0.24%             | 2029-07-14      | Variable      | 4.65%                 | Yes           |                  2 | On Loan: —       |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179XVT0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  10466151 | PA      | $10602192.07  | 0.31%             | 2053-03-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corp.                                                | Sprint Capital Corp.                                                             | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |    195000 | PA      | $209751.42    | 0.01%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| Tricon American Homes Trust                                         | Tricon American Homes Trust, Series 2019-SFR1, Class A                           | CUSIP: 89612LAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7497035 | PA      | $7437136.96   | 0.21%             | 2038-03-17      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| OWN Equipment Fund II LLC                                           | OWN Equipment Fund II LLC, Series 2025-1M, Class A                               | CUSIP: 690912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2462025 | PA      | $2483939.24   | 0.07%             | 2033-09-26      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| Nuveen LLC                                                          | Nuveen LLC                                                                       | CUSIP: 67080LAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1042423.56   | 0.03%             | 2030-01-15      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: —       |
| Sammons Financial Group Global Funding                              | Sammons Financial Group Global Funding                                           | CUSIP: 79587J2C6<br>LEI: 635400IPRNPM6HDHRS48 | Long             | DBT              | CORP              | US        |   7675000 | PA      | $7786815.16   | 0.22%             | 2030-06-12      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| ING Groep NV                                                        | ING Groep NV                                                                     | CUSIP: 456837BQ5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1770000 | PA      | $1793462.71   | 0.05%             | 2029-03-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: —       |
| Air Canada                                                          | Air Canada                                                                       | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |   2510000 | PA      | $2487220.24   | 0.07%             | 2026-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: —       |
| HPS Corporate Lending Fund                                          | HPS Corporate Lending Fund                                                       | CUSIP: 40440VAS4<br>LEI: 549300ZS7IHUA6FKFV61 | Long             | DBT              | CORP              | US        |   2960000 | PA      | $2958008.78   | 0.09%             | 2030-11-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: —       |
| PK Alift Loan Funding 7 LP                                          | PK Alift Loan Funding 7 LP, Series 2025-2, Class A                               | CUSIP: 69291NAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1195000 | PA      | $1195161.33   | 0.03%             | 2043-03-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Extended Stay America Trust                                         | Extended Stay America Trust, Series 2025-ESH, Class A                            | CUSIP: 30227TAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1240000 | PA      | $1242324.88   | 0.04%             | 2042-10-15      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp.                                                    | CVS Health Corp.                                                                 | CUSIP: 126650EL0<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   9200000 | PA      | $9468926.49   | 0.27%             | 2055-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: —       |
| Capital One Financial Corp.                                         | Capital One Financial Corp.                                                      | CUSIP: 14040HDM4<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   3390000 | PA      | $3362579.48   | 0.10%             | 2031-09-11      | Variable      | 4.49%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DNQZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  17746586 | PA      | $15062106.36  | 0.43%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Enel Finance International NV                                       | Enel Finance International NV                                                    | CUSIP: 29278GBG2<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |  10220000 | PA      | $10150491.43  | 0.29%             | 2030-09-30      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Targa Resources Corp.                                               | Targa Resources Corp.                                                            | CUSIP: 87612GAN1<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   3685000 | PA      | $3705485.43   | 0.11%             | 2055-05-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: —       |
| BMW Vehicle Lease Trust                                             | BMW Vehicle Lease Trust, Series 2025-1, Class A3                                 | CUSIP: 096912AD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1655000 | PA      | $1667647.18   | 0.05%             | 2028-06-26      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179X5K8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2232604 | PA      | $2301795.48   | 0.07%             | 2053-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                               | GM Financial Automobile Leasing Trust, Series 2025-1, Class A3                   | CUSIP: 36271VAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1825000 | PA      | $1841367.88   | 0.05%             | 2028-02-21      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                                             | Hyundai Capital America                                                          | CUSIP: 44891ABT3<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    672000 | PA      | $635433.10    | 0.02%             | 2028-01-10      | Fixed         | 1.80%                 | Yes           |                  2 | On Loan: No      |
| JB Hunt Transport Services, Inc.                                    | JB Hunt Transport Services, Inc.                                                 | CUSIP: 445658CG0<br>LEI: 549300XCD1MPI1C5GK90 | Long             | DBT              | CORP              | US        |   2460000 | PA      | $2510492.58   | 0.07%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| MPLX LP                                                             | MPLX LP                                                                          | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   3343000 | PA      | $3307946.37   | 0.10%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: —       |
| Avis Budget Rental Car Funding AESOP LLC                            | Avis Budget Rental Car Funding AESOP LLC, Series 2024-1A, Class A                | CUSIP: 05377RHY3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   8370000 | PA      | $8656576.25   | 0.25%             | 2030-06-20      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Southern Power Co.                                                  | Southern Power Co., Series A                                                     | CUSIP: 843646AX8<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |   1795000 | PA      | $1784176.15   | 0.05%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Glencore Funding LLC                                                | Glencore Funding LLC                                                             | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $3142379.53   | 0.09%             | 2030-04-01      | Fixed         | 5.19%                 | Yes           |                  2 | On Loan: No      |
| Barclays plc                                                        | Barclays plc                                                                     | CUSIP: 06738ECF0<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   8000000 | PA      | $8070674.72   | 0.23%             | 2027-05-09      | Variable      | 5.83%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DWGS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1265928 | PA      | $1298325.41   | 0.04%             | 2053-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BHG Securitization Trust                                            | BHG Securitization Trust, Series 2025-2CON, Class A                              | CUSIP: 05494LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2974570 | PA      | $2994098.25   | 0.09%             | 2036-09-17      | Fixed         | 4.84%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179WNF1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9136842 | PA      | $8164383.90   | 0.24%             | 2051-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Valero Energy Partners LP                                           | Valero Energy Partners LP                                                        | CUSIP: 91914JAB8<br>LEI: 549300WH1375KZXLJ231 | Long             | DBT              | CORP              | US        |    320000 | PA      | $322493.28    | 0.01%             | 2028-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Fortitude Group Holdings LLC                                        | Fortitude Group Holdings LLC                                                     | CUSIP: 34966XAA6<br>LEI: 2549006R9ZUL08JFIH12 | Long             | DBT              | CORP              | US        |   2040000 | PA      | $2118129.16   | 0.06%             | 2030-04-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XMSS6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9871294 | PA      | $8368102.34   | 0.24%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Rolls-Royce plc                                                     | Rolls-Royce plc                                                                  | CUSIP: 77578JAC2<br>LEI: X57JK1U580XATGR67572 | Long             | DBT              | CORP              | GB        |   3620000 | PA      | $3718635.41   | 0.11%             | 2027-10-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: —       |
| Lennar Corp.                                                        | Lennar Corp.                                                                     | CUSIP: 526057CY8<br>LEI: 529900G61XVRLX5TJX09 | Long             | DBT              | CORP              | US        |   2290000 | PA      | $2358599.24   | 0.07%             | 2030-07-30      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| Oracle Corp.                                                        | Oracle Corp.                                                                     | CUSIP: 68389XDR3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  12155000 | PA      | $12117608.91  | 0.35%             | 2055-09-26      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| Carrier Global Corp.                                                | Carrier Global Corp.                                                             | CUSIP: 14448CAP9<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |   1046000 | PA      | $1023779.86   | 0.03%             | 2027-02-15      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| Citadel Securities Global Holdings LLC                              | Citadel Securities Global Holdings LLC                                           | CUSIP: 17289RAA4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | DBT              | CORP              | US        |   1610000 | PA      | $1652436.49   | 0.05%             | 2030-06-18      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140MM3V8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8084071 | PA      | $7113830.66   | 0.21%             | 2052-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138AG3Q9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7283 | PA      | $7286.61      | 0.00%             | 2041-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BAT International Finance plc                                       | BAT International Finance plc                                                    | CUSIP: 05530QAN0<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |   3036000 | PA      | $2999223.38   | 0.09%             | 2026-03-25      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| GE HealthCare Technologies, Inc.                                    | GE HealthCare Technologies, Inc.                                                 | CUSIP: 36266GAA5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   1741000 | PA      | $1775204.92   | 0.05%             | 2029-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DWCP6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6002004 | PA      | $5086678.84   | 0.15%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Boardwalk Pipelines LP                                              | Boardwalk Pipelines LP                                                           | CUSIP: 096630AE8<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |   1237000 | PA      | $1244808.06   | 0.04%             | 2026-06-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| Santander Drive Auto Receivables Trust                              | Santander Drive Auto Receivables Trust, Series 2025-1, Class A3                  | CUSIP: 80288DAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3910000 | PA      | $3927117.98   | 0.11%             | 2029-01-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Bayer US Finance LLC                                                | Bayer US Finance LLC                                                             | CUSIP: 07274EAJ2<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1403798.05   | 0.04%             | 2029-01-21      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Targa Resources Partners LP                                         | Targa Resources Partners LP                                                      | CUSIP: 87612BBG6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1501676.19   | 0.04%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Santander Drive Auto Receivables Trust                              | Santander Drive Auto Receivables Trust, Series 2024-3, Class A3                  | CUSIP: 80287LAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3096268 | PA      | $3112049.37   | 0.09%             | 2029-01-16      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Golub Capital Private Credit Fund                                   | Golub Capital Private Credit Fund                                                | CUSIP: 38179RAE5<br>LEI: 254900B5KBW6OY1F9951 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1130873.52   | 0.03%             | 2028-08-15      | Fixed         | 5.45%                 | Yes           |                  2 | On Loan: —       |
| HSBC Holdings plc                                                   | HSBC Holdings plc                                                                | CUSIP: 404280EW5<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   6520000 | PA      | $6709410.82   | 0.19%             | 2031-05-13      | Variable      | 5.24%                 | No            |                  2 | On Loan: —       |
| Credit Agricole SA                                                  | Credit Agricole SA                                                               | CUSIP: 22535WAP2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   4250000 | PA      | $4331531.75   | 0.12%             | 2029-01-09      | Variable      | 5.23%                 | Yes           |                  2 | On Loan: —       |
| Microsoft Corp.                                                     | Microsoft Corp.                                                                  | CUSIP: 594918BS2<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4564070.80   | 0.13%             | 2036-08-08      | Fixed         | 3.45%                 | No            |                  2 | On Loan: —       |
| Huntington Bancshares, Inc.                                         | Huntington Bancshares, Inc.                                                      | CUSIP: 446150BE3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   2627000 | PA      | $2707563.86   | 0.08%             | 2031-01-15      | Variable      | 5.27%                 | No            |                  2 | On Loan: —       |
| MassMutual Global Funding II                                        | MassMutual Global Funding II                                                     | CUSIP: 57629TBV8<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   4628000 | PA      | $4745586.37   | 0.14%             | 2030-01-10      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| New Mountain Finance Corp.                                          | New Mountain Finance Corp.                                                       | CUSIP: 647551AF7<br>LEI: 549300L1MPTT1H7SES77 | Long             | DBT              | CORP              | US        |   1835000 | PA      | $1885126.05   | 0.05%             | 2029-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| PPL Capital Funding, Inc.                                           | PPL Capital Funding, Inc.                                                        | CUSIP: 69352PAQ6<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |    472000 | PA      | $467272.20    | 0.01%             | 2030-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: —       |
| Wells Fargo & Co.                                                   | Wells Fargo & Co.                                                                | CUSIP: 949746RW3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4970919.80   | 0.14%             | 2026-04-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: —       |
| NXP BV                                                              | NXP BV                                                                           | CUSIP: 62954HBF4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   3580000 | PA      | $3585118.43   | 0.10%             | 2028-08-19      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN LIFE INSURANCE COMPANY                                 | Treasury Repurchase Agreement                                                    | CUSIP: N/A<br>LEI: 549300H7EXFMRS487544       | Long             | RA               | CORP              | US        |  45000000 | PA      | $45000000.00  | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS Group AG                                                        | UBS Group AG                                                                     | CUSIP: 225401AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   1250000 | PA      | $1156708.61   | 0.03%             | 2032-05-14      | Variable      | 3.09%                 | Yes           |                  2 | On Loan: No      |
| Stellantis Finance US, Inc.                                         | Stellantis Finance US, Inc.                                                      | CUSIP: 85855CAL4<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |   4010000 | PA      | $4110520.59   | 0.12%             | 2035-03-18      | Fixed         | 6.45%                 | Yes           |                  2 | On Loan: —       |
| NYMT Loan Trust                                                     | NYMT Loan Trust, Series 2024-BPL2, Class A1                                      | CUSIP: 67120TAA8<br>LEI: 254900HCG7N4R7AWFZ60 | Long             | ABS-MBS          | CORP              | US        |   4393000 | PA      | $4437834.96   | 0.13%             | 2039-05-25      | Variable      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| Southern Co. Gas Capital Corp.                                      | Southern Co. Gas Capital Corp., Series 20-A                                      | CUSIP: 8426EPAD0<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |   3120000 | PA      | $2727904.39   | 0.08%             | 2031-01-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: —       |
| Commonwealth Bank of Australia                                      | Commonwealth Bank of Australia                                                   | CUSIP: 20271RAV2<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   4660000 | PA      | $4715114.05   | 0.14%             | 2028-03-14      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                         | ONEOK, Inc.                                                                      | CUSIP: 682680DD2<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   8450000 | PA      | $8581146.79   | 0.25%             | 2055-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: —       |
| Las Vegas Sands Corp.                                               | Las Vegas Sands Corp.                                                            | CUSIP: 517834AM9<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |   6405000 | PA      | $6548154.82   | 0.19%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| Ford Motor Credit Co. LLC                                           | Ford Motor Credit Co. LLC                                                        | CUSIP: 345397D83<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2690000 | PA      | $2717212.82   | 0.08%             | 2027-03-05      | Fixed         | 5.80%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XJM67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7589432 | PA      | $6810259.34   | 0.20%             | 2051-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon (The)                                       | Bank of New York Mellon (The)                                                    | CUSIP: 06405LAH4<br>LEI: HPFHU0OQ28E4N0NFVK49 | Long             | DBT              | CORP              | US        |   7720000 | PA      | $7846808.26   | 0.23%             | 2029-04-20      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3133A3GU6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    781931 | PA      | $701137.64    | 0.02%             | 2050-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                      | Morgan Stanley                                                                   | CUSIP: 61746BEF9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3985881.28   | 0.11%             | 2027-01-20      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Essential Utilities, Inc.                                           | Essential Utilities, Inc.                                                        | CUSIP: 29670GAK8<br>LEI: 549300ILTEOF3E3QY357 | Long             | DBT              | CORP              | US        |   3110000 | PA      | $3125197.48   | 0.09%             | 2035-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| Raymond James Financial, Inc.                                       | Raymond James Financial, Inc.                                                    | CUSIP: 754730AK5<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |   2394000 | PA      | $2375278.90   | 0.07%             | 2055-09-11      | Fixed         | 5.65%                 | No            |                  2 | On Loan: —       |
| Morgan Stanley Private Bank NA                                      | Morgan Stanley Private Bank NA                                                   | CUSIP: 61776NVG5<br>LEI: 549300GS0W0TEUQS8571 | Long             | DBT              | CORP              | US        |   6770000 | PA      | $6871098.24   | 0.20%             | 2031-07-18      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| TIF Funding III LLC                                                 | TIF Funding III LLC, Series 2024-1A, Class A                                     | CUSIP: 88655AAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3555325 | PA      | $3566337.62   | 0.10%             | 2049-04-20      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3133KNEE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8777292 | PA      | $7398697.65   | 0.21%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                                          | AerCap Ireland Capital DAC                                                       | CUSIP: 00774MBK0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    743000 | PA      | $777695.97    | 0.02%             | 2055-03-10      | Variable      | 6.95%                 | No            |                  2 | On Loan: —       |
| US Bank NA                                                          | US Bank NA, Series 2023-1, Class B                                               | CUSIP: 90357PAV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |         0 | PA      | $0.01         | 0.00%             | 2032-08-25      | Fixed         | 6.79%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31418FDD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7830011 | PA      | $8104129.13   | 0.23%             | 2054-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                | JPMorgan Chase & Co.                                                             | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6055000 | PA      | $6277109.51   | 0.18%             | 2036-07-23      | Variable      | 5.58%                 | No            |                  2 | On Loan: —       |
| FHLMC                                                               | FHLMC                                                                            | CUSIP: 3132JA6S9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    677366 | PA      | $654971.51    | 0.02%             | 2043-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31418CR89<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    704843 | PA      | $656364.85    | 0.02%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31418EKT6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4938438 | PA      | $4811283.18   | 0.14%             | 2052-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810UG1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13355000 | PA      | $13127547.66  | 0.38%             | 2055-02-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132E0RD6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7361498 | PA      | $7510345.20   | 0.22%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC                             | Daimler Truck Finance North America LLC                                          | CUSIP: 233853BH2<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   5230000 | PA      | $5237398.93   | 0.15%             | 2030-10-12      | Fixed         | 4.65%                 | Yes           |                  2 | On Loan: —       |
| Bank of New York Mellon Corp. (The)                                 | Bank of New York Mellon Corp. (The)                                              | CUSIP: 06406RCB1<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   3075000 | PA      | $3158443.23   | 0.09%             | 2031-02-11      | Variable      | 4.94%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31418ERA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2828150 | PA      | $2905179.26   | 0.08%             | 2053-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                               | Bank of America Corp.                                                            | CUSIP: 06051GHQ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   2340000 | PA      | $2322734.80   | 0.07%             | 2030-02-07      | Variable      | 3.97%                 | No            |                  2 | On Loan: —       |
| Harley-Davidson Motorcycle Trust                                    | Harley-Davidson Motorcycle Trust, Series 2023-A, Class A3                        | CUSIP: 41285JAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2585163 | PA      | $2593760.94   | 0.07%             | 2027-12-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bank NA                                                 | Fifth Third Bank NA                                                              | CUSIP: 31677QBU2<br>LEI: QFROUN1UWUYU0DVIWD51 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1404032.63   | 0.04%             | 2028-01-28      | Variable      | 4.97%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31417GBQ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    416258 | PA      | $392725.87    | 0.01%             | 2043-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                                | Mitsubishi UFJ Financial Group, Inc.                                             | CUSIP: 606822DQ4<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   2405000 | PA      | $2443748.47   | 0.07%             | 2036-09-12      | Variable      | 5.19%                 | No            |                  2 | On Loan: —       |
| Westlake Automobile Receivables Trust                               | Westlake Automobile Receivables Trust, Series 2025-2A, Class A3                  | CUSIP: 96041KAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1690000 | PA      | $1701928.87   | 0.05%             | 2029-05-15      | Fixed         | 4.51%                 | Yes           |                  2 | On Loan: No      |
| AT&T, Inc.                                                          | AT&T, Inc.                                                                       | CUSIP: 00206RMM1<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   8073000 | PA      | $6874234.18   | 0.20%             | 2033-12-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                                         | ONEOK, Inc.                                                                      | CUSIP: 682680BS1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2148883.67   | 0.06%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| Omega Healthcare Investors, Inc.                                    | Omega Healthcare Investors, Inc.                                                 | CUSIP: 681936BP4<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |   5060000 | PA      | $5137006.32   | 0.15%             | 2030-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| Macy's Retail Holdings LLC                                          | Macy's Retail Holdings LLC                                                       | CUSIP: 55617LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1118931.86   | 0.03%             | 2030-03-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140J7WR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1124433 | PA      | $1048608.43   | 0.03%             | 2048-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                                      | Commonwealth Bank of Australia                                                   | CUSIP: 202712BS3<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   1250000 | PA      | $1183057.94   | 0.03%             | 2032-03-14      | Fixed         | 3.78%                 | Yes           |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3133BGVR6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6919781 | PA      | $6525337.57   | 0.19%             | 2052-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Xcel Energy, Inc.                                                   | Xcel Energy, Inc.                                                                | CUSIP: 98389BBD1<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1538746.39   | 0.04%             | 2028-03-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: —       |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810UK2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15775000 | PA      | $15824296.88  | 0.46%             | 2055-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Receivables Trust                        | American Credit Acceptance Receivables Trust, Series 2025-2, Class C             | CUSIP: 024938AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3095000 | PA      | $3120580.18   | 0.09%             | 2031-03-12      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| Sealed Air Corp.                                                    | Sealed Air Corp.                                                                 | CUSIP: 81211KAZ3<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   4545000 | PA      | $4404067.23   | 0.13%             | 2026-10-15      | Fixed         | 1.57%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140QDKB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1672564 | PA      | $1499051.58   | 0.04%             | 2050-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CNO Global Funding                                                  | CNO Global Funding                                                               | CUSIP: 18977W2H2<br>LEI: 6354008GTNR4833ULD48 | Long             | DBT              | CORP              | US        |   5400000 | PA      | $5402264.54   | 0.16%             | 2028-09-08      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| Belrose Funding Trust II                                            | Belrose Funding Trust II                                                         | CUSIP: 08079KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3120000 | PA      | $3378763.94   | 0.10%             | 2055-05-15      | Fixed         | 6.79%                 | Yes           |                  2 | On Loan: —       |
| Pacific Life Global Funding II                                      | Pacific Life Global Funding II                                                   | CUSIP: 6944PL3F4<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   4620000 | PA      | $4710851.70   | 0.14%             | 2030-02-10      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| Alimentation Couche-Tard, Inc.                                      | Alimentation Couche-Tard, Inc.                                                   | CUSIP: 01626PAW6<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | CA        |   7725000 | PA      | $7725662.96   | 0.22%             | 2028-09-29      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| Black Hills Corp.                                                   | Black Hills Corp.                                                                | CUSIP: 092113AR0<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1282156.49   | 0.04%             | 2029-10-15      | Fixed         | 3.05%                 | No            |                  2 | On Loan: —       |
| Capital Power US Holdings, Inc.                                     | Capital Power US Holdings, Inc.                                                  | CUSIP: 14041TAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2315000 | PA      | $2358987.11   | 0.07%             | 2028-06-01      | Fixed         | 5.26%                 | Yes           |                  2 | On Loan: —       |
| United States of America                                            | U.S. Treasury Bond                                                               | CUSIP: 912810UE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  72715000 | PA      | $70013751.19  | 2.02%             | 2054-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XHQK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2669413 | PA      | $2618867.20   | 0.08%             | 2052-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                          | Occidental Petroleum Corp.                                                       | CUSIP: 674599DF9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   2165000 | PA      | $2300674.06   | 0.07%             | 2036-09-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust                                            | Toyota Lease Owner Trust, Series 2025-B, Class A3                                | CUSIP: 89240NAD4<br>LEI: 25490023VYI9VGKU0357 | Long             | ABS-O            | CORP              | US        |   3830000 | PA      | $3833230.22   | 0.11%             | 2028-11-20      | Fixed         | 3.96%                 | Yes           |                  2 | On Loan: No      |
| Analog Devices, Inc.                                                | Analog Devices, Inc.                                                             | CUSIP: 032654BD6<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |   6925000 | PA      | $6973501.04   | 0.20%             | 2028-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Zayo Issuer LLC                                                     | Zayo Issuer LLC, Series 2025-2A, Class A2                                        | CUSIP: 98919WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7765000 | PA      | $7986911.28   | 0.23%             | 2055-06-20      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| Citizens Financial Group, Inc.                                      | Citizens Financial Group, Inc.                                                   | CUSIP: 174610BJ3<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   1905000 | PA      | $1952380.93   | 0.06%             | 2031-03-05      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| MassMutual Global Funding II                                        | MassMutual Global Funding II                                                     | CUSIP: 57629WCW8<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1752240.12   | 0.05%             | 2030-10-09      | Fixed         | 1.55%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC                                                                            | CUSIP: 3128MAFA2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    196958 | PA      | $185430.53    | 0.01%             | 2045-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XJC43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10119744 | PA      | $10138554.47  | 0.29%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132E0FL1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11979798 | PA      | $10189874.10  | 0.29%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Oaktree Strategic Credit Fund                                       | Oaktree Strategic Credit Fund                                                    | CUSIP: 67403AAF6<br>LEI: 2549006RRE0JC7G43241 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1154433.62   | 0.03%             | 2030-07-15      | Fixed         | 6.19%                 | Yes           |                  2 | On Loan: —       |
| Pricoa Global Funding I                                             | Pricoa Global Funding I                                                          | CUSIP: 74153WCY3<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   5655000 | PA      | $5711975.76   | 0.16%             | 2032-08-26      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: —       |
| Bank of America Corp.                                               | Bank of America Corp.                                                            | CUSIP: 06051GKD0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1030701.21   | 0.03%             | 2032-10-20      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138WHYE6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4253011 | PA      | $3843480.01   | 0.11%             | 2046-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cerberus Loan Funding XXXIX LP                                      | Cerberus Loan Funding XXXIX LP, Series 2022-3A, Class AR                         | CUSIP: 15673VAG0<br>LEI: 635400YPAUXKTFEV3V98 | Long             | ABS-CBDO         | CORP              | US        |   1906859 | PA      | $1909248.60   | 0.06%             | 2033-01-15      | Floating      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                  | T-Mobile USA, Inc.                                                               | CUSIP: 87264ABT1<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    550000 | PA      | $507083.62    | 0.01%             | 2031-02-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DNS53<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5321459 | PA      | $4882629.56   | 0.14%             | 2052-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                    | Deutsche Bank AG                                                                 | CUSIP: 251526DA4<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   7520000 | PA      | $7703213.37   | 0.22%             | 2031-05-09      | Variable      | 5.30%                 | No            |                  2 | On Loan: —       |
| HCA, Inc.                                                           | HCA, Inc.                                                                        | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    145000 | PA      | $149615.69    | 0.00%             | 2028-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140QNYW6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5920726 | PA      | $5722095.92   | 0.17%             | 2037-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3142GSFR4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2685838 | PA      | $2756241.14   | 0.08%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138WEXD6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    393707 | PA      | $370131.33    | 0.01%             | 2045-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BANK5 Trust                                                         | BANK5 Trust, Series 2024-5YR6, Class A3                                          | CUSIP: 066043AB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2600000 | PA      | $2746098.94   | 0.08%             | 2057-05-15      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XSCS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13108291 | PA      | $13420862.78  | 0.39%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138EPEE0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    433080 | PA      | $417363.05    | 0.01%             | 2045-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                               | Dominion Energy, Inc.                                                            | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   5135000 | PA      | $5186663.80   | 0.15%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Ralph Lauren Corp.                                                  | Ralph Lauren Corp.                                                               | CUSIP: 751212AD3<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | DBT              | CORP              | US        |   4585000 | PA      | $4697410.17   | 0.14%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Morgan Stanley                                                      | Morgan Stanley                                                                   | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2838411.81   | 0.08%             | 2031-01-15      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| Citizens Financial Group, Inc.                                      | Citizens Financial Group, Inc.                                                   | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   1336000 | PA      | $1392490.33   | 0.04%             | 2030-01-23      | Variable      | 5.84%                 | No            |                  2 | On Loan: —       |
| Bank of Nova Scotia (The)                                           | Bank of Nova Scotia (The)                                                        | CUSIP: 06418GAW7<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |  12155000 | PA      | $12064759.09  | 0.35%             | 2031-09-15      | Variable      | 4.34%                 | No            |                  2 | On Loan: —       |
| UnitedHealth Group, Inc.                                            | UnitedHealth Group, Inc.                                                         | CUSIP: 91324PFR8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2324991.40   | 0.07%             | 2055-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: —       |
| Schlumberger Holdings Corp.                                         | Schlumberger Holdings Corp.                                                      | CUSIP: 806851AK7<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |   4389000 | PA      | $4369051.91   | 0.13%             | 2028-05-17      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: —       |
| ONEOK, Inc.                                                         | ONEOK, Inc.                                                                      | CUSIP: 682680BK8<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1209000 | PA      | $1273839.82   | 0.04%             | 2030-11-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: —       |
| T-Mobile USA, Inc.                                                  | T-Mobile USA, Inc.                                                               | CUSIP: 87264ABN4<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2660000 | PA      | $1813009.96   | 0.05%             | 2051-02-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.                               | Sumitomo Mitsui Financial Group, Inc.                                            | CUSIP: 86562MDY3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   4055000 | PA      | $4099978.55   | 0.12%             | 2031-07-08      | Variable      | 4.66%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XRYP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5457505 | PA      | $5607074.44   | 0.16%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SBA Tower Trust                                                     | SBA Tower Trust                                                                  | CUSIP: 78403DAX8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3130000 | PA      | $2766988.86   | 0.08%             | 2031-10-15      | Fixed         | 2.59%                 | Yes           |                  2 | On Loan: No      |
| NY Commercial Mortgage Trust                                        | NY Commercial Mortgage Trust, Series 2025-299P, Class A                          | CUSIP: 62957FAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    739000 | PA      | $775857.55    | 0.02%             | 2047-02-10      | Variable      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Athene Global Funding                                               | Athene Global Funding                                                            | CUSIP: 04685A4S7<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   4120000 | PA      | $4175181.30   | 0.12%             | 2035-08-22      | Fixed         | 5.54%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140Q9W74<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    726219 | PA      | $697183.15    | 0.02%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Equitable America Global Funding                                    | Equitable America Global Funding                                                 | CUSIP: 29446Q2E2<br>LEI: 98450066CCBIACF06694 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1526898.30   | 0.04%             | 2032-09-15      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: —       |
| JBS USA Holding Lux Sarl                                            | JBS USA Holding Lux Sarl                                                         | CUSIP: 472140AG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12040000 | PA      | $12345695.60  | 0.36%             | 2056-03-01      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |
| Wells Fargo & Co.                                                   | Wells Fargo & Co.                                                                | CUSIP: 95000U2V4<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3183000 | PA      | $3154592.74   | 0.09%             | 2028-03-24      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| Dell International LLC                                              | Dell International LLC                                                           | CUSIP: 24703TAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    670000 | PA      | $675403.64    | 0.02%             | 2026-06-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                                       | Comcast Corp.                                                                    | CUSIP: 20030NDU2<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   3432000 | PA      | $2036581.68   | 0.06%             | 2056-11-01      | Fixed         | 2.94%                 | No            |                  2 | On Loan: No      |
| Arizona Public Service Co.                                          | Arizona Public Service Co.                                                       | CUSIP: 040555DH4<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |   3235000 | PA      | $3389470.21   | 0.10%             | 2034-08-15      | Fixed         | 5.70%                 | No            |                  2 | On Loan: —       |
| NGPL PipeCo LLC                                                     | NGPL PipeCo LLC                                                                  | CUSIP: 62928CAA0<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |   5400000 | PA      | $4891494.26   | 0.14%             | 2031-07-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: —       |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  55000000 | PA      | $40755859.10  | 1.18%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MetroNet Infrastructure Issuer LLC                                  | MetroNet Infrastructure Issuer LLC, Series 2025-2A, Class A2                     | CUSIP: 59170JAX6<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |   2595000 | PA      | $2633960.29   | 0.08%             | 2055-08-20      | Fixed         | 5.40%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XJXV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4836918 | PA      | $4163279.95   | 0.12%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DT Midstream, Inc.                                                  | DT Midstream, Inc.                                                               | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $658573.30    | 0.02%             | 2029-06-15      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Southern California Edison Co.                                      | Southern California Edison Co.                                                   | CUSIP: 842400HS5<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2154643.26   | 0.06%             | 2027-11-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                                      | Broadcom, Inc.                                                                   | CUSIP: 11135FCL3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   4255000 | PA      | $4352812.75   | 0.13%             | 2032-07-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| IPALCO Enterprises, Inc.                                            | IPALCO Enterprises, Inc.                                                         | CUSIP: 462613AR1<br>LEI: 5493000YFVK2DZX0JV43 | Long             | DBT              | CORP              | US        |   2309000 | PA      | $2361462.19   | 0.07%             | 2034-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                              | Santander Drive Auto Receivables Trust, Series 2024-5, Class A3                  | CUSIP: 802920AD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1503166.80   | 0.04%             | 2028-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140MA2R4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  16553063 | PA      | $14565513.67  | 0.42%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31418EZN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4661813 | PA      | $4820030.25   | 0.14%             | 2054-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DWDS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4066706 | PA      | $3580099.84   | 0.10%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Frontier Issuer LLC                                                 | Frontier Issuer LLC, Series 2023-1, Class A2                                     | CUSIP: 35910EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2090000 | PA      | $2122579.13   | 0.06%             | 2053-08-20      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| Enterprise Products Operating LLC                                   | Enterprise Products Operating LLC, Series E                                      | CUSIP: 29379VBN2<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2497312.00   | 0.07%             | 2077-08-16      | Variable      | 5.25%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DVLQ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  18502814 | PA      | $15926127.94  | 0.46%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners LP                                         | Cheniere Energy Partners LP                                                      | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    795000 | PA      | $792453.50    | 0.02%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: —       |
| Blue Owl Credit Income Corp.                                        | Blue Owl Credit Income Corp.                                                     | CUSIP: 09581CAB7<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   2575000 | PA      | $2684595.76   | 0.08%             | 2029-09-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC                                                                            | CUSIP: 3132GUKJ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    189158 | PA      | $180046.43    | 0.01%             | 2042-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                               | GM Financial Automobile Leasing Trust, Series 2025-3, Class A3                   | CUSIP: 379965AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4355000 | PA      | $4371326.46   | 0.13%             | 2028-08-21      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DNEP4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3803101 | PA      | $3403279.58   | 0.10%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                               | Westlake Automobile Receivables Trust, Series 2025-1A, Class C                   | CUSIP: 96043VAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1769000 | PA      | $1790795.50   | 0.05%             | 2030-10-15      | Fixed         | 5.14%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140H5DW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1732620 | PA      | $1612729.95   | 0.05%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810TG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6375000 | PA      | $4549160.16   | 0.13%             | 2052-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Services US Corp.                              | Stellantis Financial Services US Corp.                                           | CUSIP: 85855FAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7100000 | PA      | $7098127.38   | 0.20%             | 2028-09-15      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| United Airlines, Inc.                                               | United Airlines, Inc.                                                            | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    817000 | PA      | $815745.18    | 0.02%             | 2026-04-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: —       |
| Toyota Motor Credit Corp.                                           | Toyota Motor Credit Corp.                                                        | CUSIP: 89236TNT8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   7685000 | PA      | $7737351.14   | 0.22%             | 2032-09-03      | Fixed         | 4.65%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31418CFD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2896804 | PA      | $2617863.59   | 0.08%             | 2047-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp.                                            | Marathon Petroleum Corp.                                                         | CUSIP: 56585ABK7<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |   1635000 | PA      | $1680422.88   | 0.05%             | 2030-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| New Economy Assets Phase 1 Sponsor LLC                              | New Economy Assets Phase 1 Sponsor LLC, Series 2021-1, Class A1                  | CUSIP: 643821AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7268000 | PA      | $6062578.94   | 0.17%             | 2061-10-20      | Fixed         | 1.91%                 | Yes           |                  2 | On Loan: No      |
| Cedar Funding VIII CLO Ltd.                                         | Cedar Funding VIII CLO Ltd., Series 2017-8A, Class DRR                           | CUSIP: 15032EBE8<br>LEI: 549300PTCF9P2JDL1E69 | Long             | ABS-CBDO         | CORP              | KY        |   3269319 | PA      | $3286172.34   | 0.09%             | 2038-01-17      | Floating      | 7.27%                 | Yes           |                  2 | On Loan: No      |
| Applebee's Funding LLC                                              | Applebee's Funding LLC, Series 2025-1A, Class A2                                 | CUSIP: 03789XAH1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  12135000 | PA      | $12275303.66  | 0.35%             | 2055-06-07      | Fixed         | 6.72%                 | Yes           |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Trust                                 | GS Mortgage-Backed Securities Trust, Series 2024-HE1, Class A1                   | CUSIP: 36270AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         0 | PA      | $0.05         | 0.00%             | 2054-08-25      | Floating      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3133A1QB1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     90427 | PA      | $80667.10     | 0.00%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COPT Defense Properties LP                                          | COPT Defense Properties LP                                                       | CUSIP: 12713UAA4<br>LEI: H0TWO5VRNEP6CQAWPX27 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1961975.90   | 0.06%             | 2030-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Textainer Marine Containers VII Ltd.                                | Textainer Marine Containers VII Ltd., Series 2021-2A, Class A                    | CUSIP: 88315LAQ1<br>LEI: 549300X48KLHDDGPK024 | Long             | ABS-O            | CORP              | BM        |   2441167 | PA      | $2289321.77   | 0.07%             | 2046-04-20      | Fixed         | 2.23%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138WJM96<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1835129 | PA      | $1653316.86   | 0.05%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810RJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30860000 | PA      | $24144333.52  | 0.70%             | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Southern Co. Gas Capital Corp.                                      | Southern Co. Gas Capital Corp.                                                   | CUSIP: 001192AM5<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1242238.98   | 0.04%             | 2026-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Standard Chartered plc                                              | Standard Chartered plc                                                           | CUSIP: 85325C2J0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   5245000 | PA      | $5322043.02   | 0.15%             | 2036-08-12      | Variable      | 5.40%                 | Yes           |                  2 | On Loan: No      |
| Macquarie Airfinance Holdings Ltd.                                  | Macquarie Airfinance Holdings Ltd.                                               | CUSIP: 55609NAF5<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |   3625000 | PA      | $3686768.15   | 0.11%             | 2028-03-27      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                      | Enterprise Fleet Financing LLC, Series 2025-3, Class A3                          | CUSIP: 29375UAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5110000 | PA      | $5161528.22   | 0.15%             | 2029-09-20      | Fixed         | 4.46%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140QM6B5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13378461 | PA      | $11773266.84  | 0.34%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Paramount Global                                                    | Paramount Global                                                                 | CUSIP: 92553PAU6<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   3570000 | PA      | $3260641.36   | 0.09%             | 2043-09-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DS5L2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10709596 | PA      | $9608866.29   | 0.28%             | 2052-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179M2Q2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    442398 | PA      | $415398.95    | 0.01%             | 2043-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Marex Group plc                                                     | Marex Group plc                                                                  | CUSIP: 566539AB8<br>LEI: 549300DWX0SVICJAL507 | Long             | DBT              | CORP              | GB        |   6085000 | PA      | $6173322.13   | 0.18%             | 2028-05-08      | Fixed         | 5.83%                 | No            |                  2 | On Loan: —       |
| LAD Auto Receivables Trust                                          | LAD Auto Receivables Trust, Series 2025-1A, Class A3                             | CUSIP: 505712AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2930000 | PA      | $2956557.81   | 0.09%             | 2029-07-16      | Fixed         | 4.69%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                              | CUSIP: 91282CLU3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  71640000 | PA      | $72686615.98  | 2.10%             | 2031-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Aventura Mall Trust                                                 | Aventura Mall Trust, Series 2018-AVM, Class A                                    | CUSIP: 05359AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1400000 | PA      | $1382942.96   | 0.04%             | 2040-07-05      | Variable      | 4.25%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138EKFG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4182501 | PA      | $3955551.91   | 0.11%             | 2042-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                   | Wells Fargo & Co.                                                                | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3581322.15   | 0.10%             | 2028-04-22      | Variable      | 5.71%                 | No            |                  2 | On Loan: —       |
| Cummins, Inc.                                                       | Cummins, Inc.                                                                    | CUSIP: 231021BA3<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | DBT              | CORP              | US        |   4420000 | PA      | $4563227.09   | 0.13%             | 2035-05-09      | Fixed         | 5.30%                 | No            |                  2 | On Loan: —       |
| RWE Finance US LLC                                                  | RWE Finance US LLC                                                               | CUSIP: 749983AE2<br>LEI: 529900J7MYLKI84UP772 | Long             | DBT              | CORP              | US        |   8710000 | PA      | $8605688.60   | 0.25%             | 2055-09-18      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| Regional Management Issuance Trust                                  | Regional Management Issuance Trust, Series 2024-2, Class A                       | CUSIP: 75907AAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1865000 | PA      | $1881061.01   | 0.05%             | 2033-12-15      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                  | United Airlines Pass-Through Trust, Series 2020-1, Class A                       | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3798404 | PA      | $3904314.87   | 0.11%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Cerberus Loan Funding XXXVII LP                                     | Cerberus Loan Funding XXXVII LP, Series 2022-1A, Class A1                        | CUSIP: 15672QAA5<br>LEI: 635400N8FQLKT6GMFM47 | Long             | ABS-CBDO         | CORP              | US        |   5600000 | PA      | $5600380.80   | 0.16%             | 2034-04-15      | Floating      | 6.10%                 | Yes           |                  2 | On Loan: No      |
| JBS USA Holding Lux Sarl                                            | JBS USA Holding Lux Sarl                                                         | CUSIP: 46590XAU0<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    641000 | PA      | $597516.69    | 0.02%             | 2032-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| APA Corp.                                                           | APA Corp.                                                                        | CUSIP: 03743QAT5<br>LEI: 549300VCIWLRHYVSHC79 | Long             | DBT              | CORP              | US        |   2770000 | PA      | $2792286.37   | 0.08%             | 2055-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| Apollo Global Management, Inc.                                      | Apollo Global Management, Inc.                                                   | CUSIP: 03769MAE6<br>LEI: 254900LMFT1CY9IYB476 | Long             | DBT              | CORP              | US        |   2470000 | PA      | $2482324.73   | 0.07%             | 2035-08-12      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| Discover Card Execution Note Trust                                  | Discover Card Execution Note Trust, Series 2023-A1, Class A                      | CUSIP: 254683CY9<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4004366.80   | 0.12%             | 2028-03-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                                        | Ford Credit Auto Lease Trust, Series 2025-A, Class A3                            | CUSIP: 345282AD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1355000 | PA      | $1368485.64   | 0.04%             | 2028-06-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179TQP3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    267330 | PA      | $248156.88    | 0.01%             | 2048-01-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC                                                                            | CUSIP: 31292LGC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    343662 | PA      | $325619.76    | 0.01%             | 2042-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)                                         | Toronto-Dominion Bank (The)                                                      | CUSIP: 89115KAD2<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |  13595000 | PA      | $13772112.26  | 0.40%             | 2028-06-02      | Fixed         | 4.57%                 | No            |                  2 | On Loan: —       |
| American Tower Corp.                                                | American Tower Corp.                                                             | CUSIP: 03027XCP3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   4885000 | PA      | $5016751.48   | 0.14%             | 2035-03-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| KKR & Co., Inc.                                                     | KKR & Co., Inc.                                                                  | CUSIP: 48251WAB0<br>LEI: 54930013V5I303TF9571 | Long             | DBT              | CORP              | US        |   8570000 | PA      | $8585494.47   | 0.25%             | 2035-08-07      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                      | Hyundai Auto Receivables Trust, Series 2025-B, Class A3                          | CUSIP: 44935XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2110000 | PA      | $2130057.45   | 0.06%             | 2029-12-17      | Fixed         | 4.36%                 | No            |                  2 | On Loan: No      |
| Bain Capital Specialty Finance, Inc.                                | Bain Capital Specialty Finance, Inc.                                             | CUSIP: 05684BAD9<br>LEI: 549300V2JL72R0EYBK64 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1130755.29   | 0.03%             | 2030-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138ABQZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    184187 | PA      | $185256.09    | 0.01%             | 2041-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140Q9N25<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    762116 | PA      | $748590.21    | 0.02%             | 2048-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Huntington National Bank (The)                                      | Huntington National Bank (The)                                                   | CUSIP: 44644MAJ0<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2092153.76   | 0.06%             | 2030-01-10      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                                   | GLS Auto Select Receivables Trust, Series 2025-1A, Class A2                      | CUSIP: 36271FAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1254162 | PA      | $1261488.39   | 0.04%             | 2030-04-15      | Fixed         | 4.71%                 | Yes           |                  2 | On Loan: No      |
| Standard Chartered plc                                              | Standard Chartered plc                                                           | CUSIP: 85325C2H4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    895000 | PA      | $920046.22    | 0.03%             | 2031-05-13      | Variable      | 5.24%                 | Yes           |                  2 | On Loan: —       |
| Boeing Co. (The)                                                    | Boeing Co. (The)                                                                 | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   4607000 | PA      | $4572108.19   | 0.13%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XQXZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  17545774 | PA      | $17939375.76  | 0.52%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                          | LAD Auto Receivables Trust, Series 2025-2A, Class A3                             | CUSIP: 505912AD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7985000 | PA      | $8003208.20   | 0.23%             | 2030-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Royal Bank of Canada                                                | Royal Bank of Canada                                                             | CUSIP: 78017DAC2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   1275000 | PA      | $1313554.05   | 0.04%             | 2031-02-04      | Variable      | 5.15%                 | No            |                  2 | On Loan: —       |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179VXX3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8705498 | PA      | $7199934.74   | 0.21%             | 2050-11-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Essential Properties LP                                             | Essential Properties LP                                                          | CUSIP: 29670VAB5<br>LEI: 254900XX9FNFCDE1NX02 | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2885786.71   | 0.08%             | 2035-12-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Notes                                                              | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  43015000 | PA      | $43364496.88  | 1.25%             | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| Royal Bank of Canada                                                | Royal Bank of Canada                                                             | CUSIP: 78017DAK4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |  13930000 | PA      | $14038353.53  | 0.40%             | 2029-08-06      | Variable      | 4.50%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XA7B2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2216288 | PA      | $1899452.86   | 0.05%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Ares XXXIX CLO Ltd.                                                 | Ares XXXIX CLO Ltd., Series 2016-39A, Class AR3                                  | CUSIP: 04015WBL7<br>LEI: 5493005YAOTYJUJV3S58 | Long             | ABS-CBDO         | CORP              | KY        |  14900000 | PA      | $14964993.80  | 0.43%             | 2037-07-18      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| Var Energi ASA                                                      | Var Energi ASA                                                                   | CUSIP: 92212WAA8<br>LEI: 549300LIVN3FFOJN2K47 | Long             | DBT              | CORP              | NO        |   3815623 | PA      | $3848422.13   | 0.11%             | 2027-05-18      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Athene Global Funding                                               | Athene Global Funding                                                            | CUSIP: 04685A4N8<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   6600000 | PA      | $6677352.92   | 0.19%             | 2028-05-09      | Fixed         | 4.83%                 | Yes           |                  2 | On Loan: —       |
| Ameren Illinois Co.                                                 | Ameren Illinois Co.                                                              | CUSIP: 02361DBC3<br>LEI: RC71E2BZ6UOMFPDJSE79 | Long             | DBT              | CORP              | US        |   3945000 | PA      | $4020200.18   | 0.12%             | 2055-03-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| Canadian Imperial Bank of Commerce                                  | Canadian Imperial Bank of Commerce                                               | CUSIP: 13607PH98<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   8935000 | PA      | $9073578.54   | 0.26%             | 2029-03-30      | Variable      | 4.86%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138A5PY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    142740 | PA      | $142819.98    | 0.00%             | 2041-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust                               | Westlake Automobile Receivables Trust, Series 2025-1A, Class A3                  | CUSIP: 96043VAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2675000 | PA      | $2693454.83   | 0.08%             | 2028-08-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                  | United Airlines Pass-Through Trust, Series 2024-1, Class A                       | CUSIP: 90932WAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2896564 | PA      | $2954784.16   | 0.09%             | 2037-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman Loan Advisers CLO 47 Ltd.                          | Neuberger Berman Loan Advisers CLO 47 Ltd., Series 2022-47A, Class A             | CUSIP: 64135DAA3<br>LEI: 549300JRWXK6DFJD7D06 | Long             | ABS-CBDO         | CORP              | KY        |  12721428 | PA      | $12721428.00  | 0.37%             | 2035-04-14      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| Southern Co. Gas Capital Corp.                                      | Southern Co. Gas Capital Corp.                                                   | CUSIP: 001192AL7<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | DBT              | CORP              | US        |   2825000 | PA      | $2823522.75   | 0.08%             | 2025-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Block Financial LLC                                                 | Block Financial LLC                                                              | CUSIP: 093662AK0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4705000 | PA      | $4742834.88   | 0.14%             | 2032-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Jackson National Life Global Funding                                | Jackson National Life Global Funding                                             | CUSIP: 46849LVH1<br>LEI: 635400PQXLYXWJI5QD78 | Long             | DBT              | CORP              | US        |   5015000 | PA      | $5020092.93   | 0.14%             | 2030-09-09      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| NSTAR Electric Co.                                                  | NSTAR Electric Co.                                                               | CUSIP: 67021CAX5<br>LEI: 54930080R72Y2Z31UR68 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1203693.48   | 0.03%             | 2030-03-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: —       |
| Vistra Operations Co. LLC                                           | Vistra Operations Co. LLC                                                        | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5944089.72   | 0.17%             | 2027-01-30      | Fixed         | 3.70%                 | Yes           |                  2 | On Loan: No      |
| American Financial Group, Inc.                                      | American Financial Group, Inc.                                                   | CUSIP: 025932AQ7<br>LEI: 549300AFOM7IVKIU1G39 | Long             | DBT              | CORP              | US        |   1845000 | PA      | $1807711.59   | 0.05%             | 2035-09-23      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140FTMF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3407420 | PA      | $3186480.06   | 0.09%             | 2047-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179VHT0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    290829 | PA      | $267685.48    | 0.01%             | 2050-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BGC Group, Inc.                                                     | BGC Group, Inc.                                                                  | CUSIP: 05555LAC5<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |   1835000 | PA      | $1880016.28   | 0.05%             | 2030-04-02      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: —       |
| Comcast Corp.                                                       | Comcast Corp.                                                                    | CUSIP: 20030NBY6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   2740000 | PA      | $2716494.75   | 0.08%             | 2027-02-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: —       |
| Pacific Gas and Electric Co.                                        | Pacific Gas and Electric Co.                                                     | CUSIP: 694308KV8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   5225000 | PA      | $5254725.18   | 0.15%             | 2055-03-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: —       |
| AASET                                                               | AASET, Series 2025-1A, Class A                                                   | CUSIP: 00258PAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1810305 | PA      | $1849488.05   | 0.05%             | 2050-02-16      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| Jersey Central Power & Light Co.                                    | Jersey Central Power & Light Co.                                                 | CUSIP: 476556DC6<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1999802.32   | 0.06%             | 2026-01-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Dllad LLC                                                           | Dllad LLC, Series 2024-1A, Class A2                                              | CUSIP: 23346MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    394583 | PA      | $396641.40    | 0.01%             | 2027-08-20      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Compass Datacenters Issuer III LLC                                  | Compass Datacenters Issuer III LLC, Series 2025-1A, Class A2                     | CUSIP: 20469BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1327632.28   | 0.04%             | 2050-02-25      | Fixed         | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Aker BP ASA                                                         | Aker BP ASA                                                                      | CUSIP: 00973RAM5<br>LEI: 549300NFTY73920OYK69 | Long             | DBT              | CORP              | NO        |   1000000 | PA      | $1049286.02   | 0.03%             | 2033-06-13      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| Synchrony Financial                                                 | Synchrony Financial                                                              | CUSIP: 87165BAW3<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1227853.83   | 0.04%             | 2031-03-06      | Variable      | 5.45%                 | No            |                  2 | On Loan: —       |
| QUALCOMM, Inc.                                                      | QUALCOMM, Inc.                                                                   | CUSIP: 747525BW2<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | DBT              | CORP              | US        |   3405000 | PA      | $3476333.69   | 0.10%             | 2035-05-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Ally Financial, Inc.                                                | Ally Financial, Inc.                                                             | CUSIP: 02005NBZ2<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2920000 | PA      | $2988865.95   | 0.09%             | 2029-05-15      | Variable      | 5.74%                 | No            |                  2 | On Loan: —       |
| MassMutual Global Funding II                                        | MassMutual Global Funding II                                                     | CUSIP: 57629TBX4<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   1564000 | PA      | $1579224.15   | 0.05%             | 2030-05-07      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| Bank of Montreal                                                    | Bank of Montreal                                                                 | CUSIP: 06368MJG0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   1855000 | PA      | $1891116.96   | 0.05%             | 2029-01-27      | Variable      | 5.00%                 | No            |                  2 | On Loan: —       |
| Golub Capital BDC, Inc.                                             | Golub Capital BDC, Inc.                                                          | CUSIP: 38173MAD4<br>LEI: 2549005WE0QLGK9APF78 | Long             | DBT              | CORP              | US        |   6775000 | PA      | $7161586.51   | 0.21%             | 2028-12-05      | Fixed         | 7.05%                 | No            |                  2 | On Loan: —       |
| Exeter Automobile Receivables Trust                                 | Exeter Automobile Receivables Trust, Series 2025-1A, Class C                     | CUSIP: 30167MAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8147000 | PA      | $8239079.02   | 0.24%             | 2031-05-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Marathon CLO Ltd.                                                   | Marathon CLO Ltd., Series 2020-15A, Class A1R3                                   | CUSIP: 56579UBA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8750000 | PA      | $8760237.50   | 0.25%             | 2037-08-15      | Floating      | 5.66%                 | Yes           |                  2 | On Loan: No      |
| Plains All American Pipeline LP                                     | Plains All American Pipeline LP                                                  | CUSIP: 72650RBS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2960000 | PA      | $2997201.55   | 0.09%             | 2036-01-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: —       |
| Broadcom, Inc.                                                      | Broadcom, Inc.                                                                   | CUSIP: 11135FBK6<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1013000 | PA      | $937505.59    | 0.03%             | 2033-04-15      | Fixed         | 3.42%                 | Yes           |                  2 | On Loan: No      |
| Intel Corp.                                                         | Intel Corp.                                                                      | CUSIP: 458140CG3<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    588000 | PA      | $601150.51    | 0.02%             | 2033-02-10      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| State of California                                                 | State of California                                                              | CUSIP: 13063A5G5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3660344.70   | 0.11%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810QZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  23000000 | PA      | $18772851.62  | 0.54%             | 2043-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Brightstar Lottery plc                                              | Brightstar Lottery plc                                                           | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |   4145000 | PA      | $4126382.24   | 0.12%             | 2029-01-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: —       |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179XLJ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3007434 | PA      | $3037850.38   | 0.09%             | 2052-11-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XBGG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12236974 | PA      | $10576240.80  | 0.31%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3133AMKD7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  16733570 | PA      | $14200813.47  | 0.41%             | 2051-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Apidos CLO XXXIX Ltd.                                               | Apidos CLO XXXIX Ltd., Series 2022-39A, Class A1                                 | CUSIP: 03766HAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8660000 | PA      | $8663715.14   | 0.25%             | 2035-04-21      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| Imperial Brands Finance plc                                         | Imperial Brands Finance plc                                                      | CUSIP: 45262BAJ2<br>LEI: 2138008L3B3MCG1DFS50 | Long             | DBT              | CORP              | GB        |   5970000 | PA      | $6008360.06   | 0.17%             | 2028-06-30      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: —       |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179YU93<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1974382 | PA      | $2039471.05   | 0.06%             | 2054-04-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138WAWV5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    426306 | PA      | $414130.88    | 0.01%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC                                        | Treasury Repurchase Agreement                                                    | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |  55000000 | PA      | $55000000.00  | 1.59%             |  |  |  | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                           | SFS Auto Receivables Securitization Trust, Series 2025-1A, Class A3              | CUSIP: 81885BAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    910000 | PA      | $920507.68    | 0.03%             | 2030-07-22      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Apollo Debt Solutions BDC                                           | Apollo Debt Solutions BDC                                                        | CUSIP: 03770DAG8<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |   2730000 | PA      | $2777904.02   | 0.08%             | 2030-08-30      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140QHPZ2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  13409294 | PA      | $12703793.33  | 0.37%             | 2036-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140QVMK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12922865 | PA      | $12895977.03  | 0.37%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                                        | Pacific Gas and Electric Co.                                                     | CUSIP: 694308KW6<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |   1840000 | PA      | $1865620.31   | 0.05%             | 2028-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| BANK OF AMERICA N.A.                                                | Government Agency Repurchase Agreement                                           | CUSIP: N/A<br>LEI: B4TYDEB6GKMZO031MB27       | Long             | RA               | CORP              | US        |   6000000 | PA      | $6000000.00   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138XRXG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     80284 | PA      | $79684.50     | 0.00%             | 2044-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XMBS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10751034 | PA      | $9613747.15   | 0.28%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Amgen, Inc.                                                         | Amgen, Inc.                                                                      | CUSIP: 031162DQ0<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |   1019000 | PA      | $1056313.65   | 0.03%             | 2030-03-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA                                                                             | CUSIP: 31381RA46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1018357 | PA      | $1069240.60   | 0.03%             | 2041-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DNYC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9346054 | PA      | $8051620.73   | 0.23%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XRNY7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4285870 | PA      | $4392815.12   | 0.13%             | 2054-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CyrusOne Data Centers Issuer I LLC                                  | CyrusOne Data Centers Issuer I LLC, Series 2025-1A, Class A2                     | CUSIP: 23284BAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2170000 | PA      | $2217008.93   | 0.06%             | 2050-02-20      | Fixed         | 5.91%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31418EJ43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12661881 | PA      | $11587561.06  | 0.33%             | 2052-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                           | HCA, Inc.                                                                        | CUSIP: 404119CH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1099000 | PA      | $1083547.17   | 0.03%             | 2027-03-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: —       |
| BX Trust                                                            | BX Trust, Series 2024-VLT4, Class A                                              | CUSIP: 05612TAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    275000 | PA      | $275171.88    | 0.01%             | 2041-06-15      | Floating      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust                                      | Carvana Auto Receivables Trust, Series 2025-P2, Class A4                         | CUSIP: 14688YAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6015000 | PA      | $6115178.62   | 0.18%             | 2031-06-10      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Microchip Technology, Inc.                                          | Microchip Technology, Inc.                                                       | CUSIP: 595017BL7<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   2025000 | PA      | $2070823.70   | 0.06%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: —       |
| UnitedHealth Group, Inc.                                            | UnitedHealth Group, Inc.                                                         | CUSIP: 91324PDX7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $2764670.03   | 0.08%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                                                            | BX Trust, Series 2025-VLT7, Class A                                              | CUSIP: 123913AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11975000 | PA      | $12004937.50  | 0.35%             | 2044-07-15      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140EUFW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1937280 | PA      | $1863361.64   | 0.05%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                                  | T-Mobile USA, Inc.                                                               | CUSIP: 87264ACS2<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2561000 | PA      | $2410330.20   | 0.07%             | 2029-03-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DN3Z4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7067959 | PA      | $7127541.49   | 0.21%             | 2052-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3133KH5K8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    782430 | PA      | $699014.63    | 0.02%             | 2050-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                                               | Dominion Energy, Inc.                                                            | CUSIP: 25746UDZ9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   5003000 | PA      | $5038792.56   | 0.15%             | 2056-02-15      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138WJXN3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1885209 | PA      | $1691993.40   | 0.05%             | 2047-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sprint LLC                                                          | Sprint LLC                                                                       | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |    315000 | PA      | $315703.88    | 0.01%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass-Through Trust                                  | United Airlines Pass-Through Trust, Series 2020-1, Class B                       | CUSIP: 90932VAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     15441 | PA      | $15441.76     | 0.00%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.                                        | Mizuho Financial Group, Inc.                                                     | CUSIP: 60687YDL0<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   8545000 | PA      | $8645586.10   | 0.25%             | 2031-07-08      | Variable      | 4.71%                 | No            |                  2 | On Loan: —       |
| BANK5                                                               | BANK5, Series 2024-5YR11, Class A3                                               | CUSIP: 06644WBD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  14000000 | PA      | $14724852.80  | 0.42%             | 2057-11-15      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XHYK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5723055 | PA      | $5421285.23   | 0.16%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisville Gas and Electric Co.                                     | Louisville Gas and Electric Co.                                                  | CUSIP: 546676BA4<br>LEI: KO3GRIB3RPH1XDX50U72 | Long             | DBT              | CORP              | US        |   3325000 | PA      | $3417821.53   | 0.10%             | 2055-08-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| Benchmark Mortgage Trust                                            | Benchmark Mortgage Trust, Series 2024-V7, Class A3                               | CUSIP: 08163YAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2405000 | PA      | $2542683.60   | 0.07%             | 2056-05-15      | Variable      | 6.23%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                                   | Credit Acceptance Auto Loan Trust, Series 2025-1A, Class A                       | CUSIP: 22536KAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  11265000 | PA      | $11407349.05  | 0.33%             | 2035-03-15      | Fixed         | 5.02%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley                                                      | Morgan Stanley                                                                   | CUSIP: 61747YES0<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2434860.96   | 0.07%             | 2037-04-20      | Variable      | 5.30%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                                    | Boeing Co. (The)                                                                 | CUSIP: 097023CP8<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3037459.78   | 0.09%             | 2035-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140L2PP2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1742792 | PA      | $1423901.99   | 0.04%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust                            | AmeriCredit Automobile Receivables Trust, Series 2022-2, Class B                 | CUSIP: 03065WAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1472403 | PA      | $1473385.21   | 0.04%             | 2028-04-18      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                               | Bank of America Corp.                                                            | CUSIP: 06051GJB6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4605000 | PA      | $4267391.93   | 0.12%             | 2031-04-29      | Variable      | 2.59%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DWDD2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  11815503 | PA      | $9991814.17   | 0.29%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwritten Enhanced Lease Trust              | Stellantis Financial Underwritten Enhanced Lease Trust, Series 2025-BA, Class A3 | CUSIP: 858933AC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5340000 | PA      | $5366198.04   | 0.15%             | 2029-01-22      | Fixed         | 4.27%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                                               | Bank of America Corp.                                                            | CUSIP: 06051GFU8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4155000 | PA      | $4157754.81   | 0.12%             | 2026-03-03      | Fixed         | 4.45%                 | No            |                  2 | On Loan: —       |
| Kentucky Utilities Co.                                              | Kentucky Utilities Co.                                                           | CUSIP: 491674BM8<br>LEI: AGX0G2MXE54NFNNICD28 | Long             | DBT              | CORP              | US        |   2345000 | PA      | $1634073.67   | 0.05%             | 2050-06-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31418ECP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  16704811 | PA      | $13523059.02  | 0.39%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CANTOR FITZGERAL & CO                                               | Government Agency Repurchase Agreement                                           | CUSIP: N/A<br>LEI: 5493004J7H4GCPG6OB62       | Long             | RA               | CORP              | US        |   3000000 | PA      | $3000000.00   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Edison Co.                                             | Commonwealth Edison Co.                                                          | CUSIP: 202795JP6<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | DBT              | CORP              | US        |   3230000 | PA      | $2577070.94   | 0.07%             | 2049-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CSL Finance plc                                                     | CSL Finance plc                                                                  | CUSIP: 12661PAC3<br>LEI: 2549007CCNBNAF4HBC02 | Long             | DBT              | CORP              | GB        |   7000000 | PA      | $6899363.94   | 0.20%             | 2032-04-27      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: —       |
| Public Service Co. of New Hampshire                                 | Public Service Co. of New Hampshire                                              | CUSIP: 744538AH2<br>LEI: 549300SHPFALUPKK2351 | Long             | DBT              | CORP              | US        |   3450000 | PA      | $3483742.07   | 0.10%             | 2028-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: —       |
| USB Auto Owner Trust                                                | USB Auto Owner Trust, Series 2025-1A, Class A3                                   | CUSIP: 90367VAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    870000 | PA      | $878632.14    | 0.03%             | 2030-06-17      | Fixed         | 4.49%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179XLK0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3013562 | PA      | $3090026.98   | 0.09%             | 2052-11-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Sonoco Products Co.                                                 | Sonoco Products Co.                                                              | CUSIP: 835495AR3<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |   4680000 | PA      | $4707776.13   | 0.14%             | 2029-09-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| Dllad LLC                                                           | Dllad LLC, Series 2024-1A, Class A3                                              | CUSIP: 23346MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1276437.25   | 0.04%             | 2029-07-20      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| New England Power Co.                                               | New England Power Co.                                                            | CUSIP: 644188BK9<br>LEI: 549300DTVRGN9GYD5U85 | Long             | DBT              | CORP              | US        |   2305000 | PA      | $2360794.02   | 0.07%             | 2055-09-08      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| Kyndryl Holdings, Inc.                                              | Kyndryl Holdings, Inc.                                                           | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   1054000 | PA      | $1029442.96   | 0.03%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138W9GU8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    396767 | PA      | $374170.38    | 0.01%             | 2043-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA, Series 2023-19, Class WB                                                   | CUSIP: 38383V4Z8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1799530 | PA      | $1861176.63   | 0.05%             | 2051-11-20      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Phillips 66                                                         | Phillips 66                                                                      | CUSIP: 718546AZ7<br>LEI: 5493005JBO5YSIGK1814 | Long             | DBT              | CORP              | US        |   2420000 | PA      | $2392157.56   | 0.07%             | 2026-02-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: —       |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 31427MBQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8524620 | PA      | $8778814.42   | 0.25%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CarMax Select Receivables Trust                                     | CarMax Select Receivables Trust, Series 2025-A, Class A3                         | CUSIP: 14319UAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4565000 | PA      | $4607583.23   | 0.13%             | 2029-09-17      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                                              | Home Depot, Inc. (The)                                                           | CUSIP: 437076CN0<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3154137.06   | 0.09%             | 2027-04-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XGRA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6352778 | PA      | $5842007.34   | 0.17%             | 2052-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Pine Street Trust III                                               | Pine Street Trust III                                                            | CUSIP: 72284KAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2995000 | PA      | $3085379.34   | 0.09%             | 2054-05-15      | Fixed         | 6.22%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XDTV8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  11352880 | PA      | $10102155.78  | 0.29%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bridgecrest Lending Auto Securitization Trust                       | Bridgecrest Lending Auto Securitization Trust, Series 2025-3, Class A3           | CUSIP: 107920AC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3665000 | PA      | $3676613.29   | 0.11%             | 2029-01-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | FNMA, Series 2007-6, Class PA                                                    | CUSIP: 31396PRK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23234 | PA      | $24172.63     | 0.00%             | 2037-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                           | SFS Auto Receivables Securitization Trust, Series 2025-2A, Class A3              | CUSIP: 78398HAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5965000 | PA      | $6012058.48   | 0.17%             | 2030-12-20      | Fixed         | 4.44%                 | Yes           |                  2 | On Loan: No      |
| CVS Health Corp.                                                    | CVS Health Corp.                                                                 | CUSIP: 126650DN7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   4080000 | PA      | $3581266.59   | 0.10%             | 2030-08-21      | Fixed         | 1.75%                 | No            |                  2 | On Loan: —       |
| Ashtead Capital, Inc.                                               | Ashtead Capital, Inc.                                                            | CUSIP: 045054AL7<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1706194.87   | 0.05%             | 2029-11-01      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co.                                      | Hewlett Packard Enterprise Co.                                                   | CUSIP: 42824CCA5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   6640000 | PA      | $6599686.70   | 0.19%             | 2030-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140QUZY5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3350094 | PA      | $3446062.26   | 0.10%             | 2054-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital, Inc.                                               | Ashtead Capital, Inc.                                                            | CUSIP: 045054AJ2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6444825.66   | 0.19%             | 2028-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: —       |
| Hyundai Capital America                                             | Hyundai Capital America                                                          | CUSIP: 44891ADQ7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4920000 | PA      | $5020490.85   | 0.14%             | 2030-03-27      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: —       |
| Regional Management Issuance Trust                                  | Regional Management Issuance Trust, Series 2024-1, Class A                       | CUSIP: 758983AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    929000 | PA      | $949972.18    | 0.03%             | 2036-07-15      | Fixed         | 5.83%                 | Yes           |                  2 | On Loan: No      |
| AT&T, Inc.                                                          | AT&T, Inc.                                                                       | CUSIP: 00206RKH4<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   4105000 | PA      | $3593757.43   | 0.10%             | 2032-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Ally Financial, Inc.                                                | Ally Financial, Inc.                                                             | CUSIP: 02005NCA6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |  10655000 | PA      | $10694459.09  | 0.31%             | 2033-07-31      | Variable      | 5.55%                 | No            |                  2 | On Loan: —       |
| Carmax Auto Owner Trust                                             | Carmax Auto Owner Trust, Series 2025-2, Class A3                                 | CUSIP: 14320AAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2875000 | PA      | $2905195.84   | 0.08%             | 2030-03-15      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179SB89<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    254603 | PA      | $237032.97    | 0.01%             | 2046-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Chase Commercial Mortgage Securities Trust              | J.P. Morgan Chase Commercial Mortgage Securities Trust, Series 2025-BMS, Class A | CUSIP: 46596CAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1960000 | PA      | $1956325.00   | 0.06%             | 2042-01-15      | Floating      | 5.75%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179TCX1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    263694 | PA      | $244782.27    | 0.01%             | 2047-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Brighthouse Financial Global Funding                                | Brighthouse Financial Global Funding                                             | CUSIP: 10921U2L1<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   4150000 | PA      | $4259122.42   | 0.12%             | 2029-06-10      | Fixed         | 5.65%                 | Yes           |                  2 | On Loan: —       |
| BMO Mortgage Trust                                                  | BMO Mortgage Trust, Series 2024-5C6, Class A3                                    | CUSIP: 05593QAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10888000 | PA      | $11215711.38  | 0.32%             | 2057-09-15      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables Trust                                 | Exeter Automobile Receivables Trust, Series 2025-2A, Class A3                    | CUSIP: 30168JAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7590000 | PA      | $7628765.17   | 0.22%             | 2029-01-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                   | Wells Fargo & Co.                                                                | CUSIP: 95000U3V3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $4092859.37   | 0.12%             | 2036-04-23      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| CVS Health Corp.                                                    | CVS Health Corp.                                                                 | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $8011439.60   | 0.23%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| VMware LLC                                                          | VMware LLC                                                                       | CUSIP: 928563AL9<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   2540000 | PA      | $2240337.10   | 0.06%             | 2031-08-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 31427N7A1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7968914 | PA      | $8133603.95   | 0.23%             | 2055-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XHLC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4668362 | PA      | $4118370.18   | 0.12%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CSMC OA LLC                                                         | CSMC OA LLC, Series 2014-USA, Class A2                                           | CUSIP: 12649AAC3<br>LEI: 549300818AKCJ4Q9TD76 | Long             | ABS-MBS          | CORP              | US        |   2010000 | PA      | $1836637.50   | 0.05%             | 2037-09-15      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| GLS Auto Receivables Issuer Trust                                   | GLS Auto Receivables Issuer Trust, Series 2024-4A, Class A3                      | CUSIP: 36270YAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1003430.00   | 0.03%             | 2028-07-17      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CANTOR FITZGERAL & CO                                               | Government Agency Repurchase Agreement                                           | CUSIP: N/A<br>LEI: 5493004J7H4GCPG6OB62       | Long             | RA               | CORP              | US        |  19003173 | PA      | $19003173.10  | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.                                  | General Motors Financial Co., Inc.                                               | CUSIP: 37045XFE1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   3405000 | PA      | $3459736.91   | 0.10%             | 2028-04-04      | Fixed         | 5.05%                 | No            |                  2 | On Loan: —       |
| General Motors Co.                                                  | General Motors Co.                                                               | CUSIP: 37045VBA7<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   4395000 | PA      | $4556401.01   | 0.13%             | 2030-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: —       |
| Norinchukin Bank (The)                                              | Norinchukin Bank (The)                                                           | CUSIP: 656029AP0<br>LEI: 5493007VSMFZCPV1NB83 | Long             | DBT              | CORP              | JP        |   3380000 | PA      | $3397652.32   | 0.10%             | 2030-09-09      | Fixed         | 4.67%                 | Yes           |                  2 | On Loan: —       |
| Hyundai Capital America                                             | Hyundai Capital America                                                          | CUSIP: 44891ADZ7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2145070.70   | 0.06%             | 2028-09-18      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Fortitude Global Funding                                            | Fortitude Global Funding                                                         | CUSIP: 34967GAA2<br>LEI: 635400TKBOGEHNO5RT68 | Long             | DBT              | CORP              | US        |   3575000 | PA      | $3577257.83   | 0.10%             | 2028-10-06      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| United Mexican States                                               | United Mexican States                                                            | CUSIP: 91087BBK5<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |   4670000 | PA      | $4655990.00   | 0.13%             | 2033-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179RF95<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     21840 | PA      | $20355.40     | 0.00%             | 2045-06-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CGI, Inc.                                                           | CGI, Inc.                                                                        | CUSIP: 12532HAK0<br>LEI: 549300WSRCZY73ZG3090 | Long             | DBT              | CORP              | CA        |   7805000 | PA      | $7945912.80   | 0.23%             | 2030-03-14      | Fixed         | 4.95%                 | Yes           |                  2 | On Loan: No      |
| American National Global Funding                                    | American National Global Funding                                                 | CUSIP: 02771D2A1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1127977.48   | 0.03%             | 2030-01-28      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140L3AR2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2003930 | PA      | $1631471.77   | 0.05%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Biogen, Inc.                                                        | Biogen, Inc.                                                                     | CUSIP: 09062XAM5<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |   5090000 | PA      | $5457771.03   | 0.16%             | 2055-05-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XHSM0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4948209 | PA      | $4698861.57   | 0.14%             | 2052-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11500000 | PA      | $9660898.38   | 0.28%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Corp.                                                | Alliant Energy Corp.                                                             | CUSIP: 018802AF5<br>LEI: 5493009ML300G373MZ12 | Long             | DBT              | CORP              | US        |   3870000 | PA      | $3874841.37   | 0.11%             | 2056-04-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Pennsylvania Electric Co.                               | FirstEnergy Pennsylvania Electric Co.                                            | CUSIP: 591894CC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6008733.12   | 0.17%             | 2029-01-15      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: —       |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810RT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $4670312.50   | 0.13%             | 2046-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Trust                                   | GLS Auto Select Receivables Trust, Series 2025-3A, Class A2                      | CUSIP: 36272GAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2165000 | PA      | $2179285.97   | 0.06%             | 2030-10-15      | Fixed         | 4.46%                 | Yes           |                  2 | On Loan: No      |
| Capital One Multi-Asset Execution Trust                             | Capital One Multi-Asset Execution Trust, Series 2023-A1, Class A                 | CUSIP: 14041NGD7<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4009846.40   | 0.12%             | 2028-05-15      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp. Trust                                  | GS Mortgage Securities Corp. Trust, Series 2013-PEMB, Class A                    | CUSIP: 36197VAA6<br>LEI: 549300E4QCAQ0FY44H36 | Long             | ABS-MBS          | CORP              | US        |    125000 | PA      | $105625.00    | 0.00%             | 2033-03-05      | Variable      | 3.67%                 | Yes           |                  2 | On Loan: No      |
| CVS Pass-Through Trust                                              | CVS Pass-Through Trust                                                           | CUSIP: 126650BQ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4729152 | PA      | $4941419.38   | 0.14%             | 2030-01-10      | Fixed         | 6.94%                 | No            |                  2 | On Loan: No      |
| SoftBank Corp.                                                      | SoftBank Corp.                                                                   | CUSIP: 83405KAA0<br>LEI: 353800M1YCTS9JRBJ535 | Long             | DBT              | CORP              | JP        |   5640000 | PA      | $5683027.00   | 0.16%             | 2030-07-09      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| Magnetite XVII Ltd.                                                 | Magnetite XVII Ltd., Series 2016-17A, Class AR2                                  | CUSIP: 55954EAY5<br>LEI: 5493003SVWF9GG13MZ22 | Long             | ABS-CBDO         | CORP              | KY        |   8500000 | PA      | $8534943.50   | 0.25%             | 2037-04-20      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12661900 | PA      | $8591296.93   | 0.25%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XA5M0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    759027 | PA      | $617888.40    | 0.02%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                                  | Crown Castle, Inc.                                                               | CUSIP: 22822VAC5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   3870000 | PA      | $3853917.98   | 0.11%             | 2026-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| United States of America                                            | U.S. Treasury Bond                                                               | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  54195000 | PA      | $53691155.59  | 1.55%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Carlyle Group, Inc. (The)                                           | Carlyle Group, Inc. (The)                                                        | CUSIP: 14316JAA6<br>LEI: 529900NGGVF94UK6PG95 | Long             | DBT              | CORP              | US        |   2735000 | PA      | $2725435.76   | 0.08%             | 2035-09-19      | Fixed         | 5.05%                 | No            |                  2 | On Loan: —       |
| GNMA                                                                | GNMA                                                                             | CUSIP: 3617MVTY1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2912876 | PA      | $2605038.40   | 0.08%             | 2050-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Lincoln Financial Global Funding                                    | Lincoln Financial Global Funding                                                 | CUSIP: 53359KAB7<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |   4860000 | PA      | $4909915.12   | 0.14%             | 2028-05-28      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: —       |
| Kentucky Utilities Co.                                              | Kentucky Utilities Co., Series KENT                                              | CUSIP: 491674BN6<br>LEI: AGX0G2MXE54NFNNICD28 | Long             | DBT              | CORP              | US        |   3675000 | PA      | $3842073.25   | 0.11%             | 2033-04-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| United States of America                                            | U.S. Treasury Bonds                                                              | CUSIP: 912810UJ5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16215000 | PA      | $16316343.75  | 0.47%             | 2045-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                      | Morgan Stanley                                                                   | CUSIP: 61744YAP3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2825000 | PA      | $2800512.93   | 0.08%             | 2029-01-24      | Variable      | 3.77%                 | No            |                  2 | On Loan: —       |
| Hilton Grand Vacations Trust                                        | Hilton Grand Vacations Trust, Series 2022-2A, Class A                            | CUSIP: 43283GAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220303 | PA      | $219074.61    | 0.01%             | 2037-01-25      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                   | Wells Fargo & Co.                                                                | CUSIP: 95000U3D3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5665000 | PA      | $5886278.81   | 0.17%             | 2034-04-24      | Variable      | 5.39%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                                               | Athene Global Funding                                                            | CUSIP: 04685A4G3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $1164916.51   | 0.03%             | 2030-01-07      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: —       |
| United Airlines Pass-Through Trust                                  | United Airlines Pass-Through Trust, Series 2024-1, Class AA                      | CUSIP: 90932WAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2655184 | PA      | $2731176.98   | 0.08%             | 2037-02-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| RGA Global Funding                                                  | RGA Global Funding                                                               | CUSIP: 76209PAJ2<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   8840000 | PA      | $8888799.36   | 0.26%             | 2032-08-25      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                                         | Treasury Repurchase Agreement                                                    | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | RA               | CORP              | FR        |  35000000 | PA      | $35000000.00  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                                  | LPL Holdings, Inc.                                                               | CUSIP: 50212YAP9<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   3370000 | PA      | $3430007.16   | 0.10%             | 2030-06-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: —       |
| ONEOK, Inc.                                                         | ONEOK, Inc.                                                                      | CUSIP: 682680BD4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1624350.61   | 0.05%             | 2026-01-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| M&T Bank Auto Receivables Trust                                     | M&T Bank Auto Receivables Trust, Series 2025-1A, Class A3                        | CUSIP: 55287XAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    935000 | PA      | $947860.18    | 0.03%             | 2030-06-17      | Fixed         | 4.73%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31418ELV0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4322871 | PA      | $4084896.63   | 0.12%             | 2052-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XQRF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  15826888 | PA      | $16153956.27  | 0.47%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Credit Agricole SA                                                  | Credit Agricole SA                                                               | CUSIP: 22535WAS6<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |  11925000 | PA      | $11851707.40  | 0.34%             | 2033-09-25      | Variable      | 4.82%                 | Yes           |                  2 | On Loan: —       |
| Lloyds Banking Group plc                                            | Lloyds Banking Group plc                                                         | CUSIP: 539439BD0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   5645000 | PA      | $5723798.72   | 0.17%             | 2029-06-13      | Variable      | 4.82%                 | No            |                  2 | On Loan: —       |
| Ashtead Capital, Inc.                                               | Ashtead Capital, Inc.                                                            | CUSIP: 045054AF0<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2499146.48   | 0.07%             | 2027-08-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138X3EQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    222580 | PA      | $209996.81    | 0.01%             | 2043-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                                          | CNH Industrial Capital LLC                                                       | CUSIP: 12592BAV6<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   7970000 | PA      | $7953337.12   | 0.23%             | 2030-10-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140K45H9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    523095 | PA      | $467209.47    | 0.01%             | 2050-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Royalty Pharma plc                                                  | Royalty Pharma plc                                                               | CUSIP: 78081BAU7<br>LEI: 549300FGFN7VOK8BZR03 | Long             | DBT              | CORP              | GB        |   2465000 | PA      | $2462907.17   | 0.07%             | 2035-09-25      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179SWX1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     10256 | PA      | $9528.85      | 0.00%             | 2047-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Apollo Debt Solutions BDC                                           | Apollo Debt Solutions BDC                                                        | CUSIP: 03770DAE3<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    635000 | PA      | $666359.90    | 0.02%             | 2032-03-15      | Fixed         | 6.55%                 | Yes           |                  2 | On Loan: No      |
| PepsiCo, Inc.                                                       | PepsiCo, Inc.                                                                    | CUSIP: 713448GK8<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | DBT              | CORP              | US        |   3945000 | PA      | $4018565.49   | 0.12%             | 2035-07-23      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                               | FHLMC                                                                            | CUSIP: 31335BM60<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    554935 | PA      | $517029.15    | 0.01%             | 2048-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                        | UBS Group AG                                                                     | CUSIP: 902613AP3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  10000000 | PA      | $10085546.00  | 0.29%             | 2028-05-12      | Variable      | 4.75%                 | Yes           |                  2 | On Loan: —       |
| KBC Group NV                                                        | KBC Group NV                                                                     | CUSIP: 48241FAE4<br>LEI: 213800X3Q9LSAKRUWY91 | Long             | DBT              | CORP              | BE        |   9450000 | PA      | $9399956.30   | 0.27%             | 2031-09-23      | Variable      | 4.45%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31418E2F6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3018919 | PA      | $3121408.48   | 0.09%             | 2054-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Direct Lending Fund                                  | Morgan Stanley Direct Lending Fund                                               | CUSIP: 61774AAG8<br>LEI: 549300QEX22T2J8IB029 | Long             | DBT              | CORP              | US        |   2440000 | PA      | $2501386.79   | 0.07%             | 2030-05-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                              | Santander Drive Auto Receivables Trust, Series 2025-2, Class A3                  | CUSIP: 80287NAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10805000 | PA      | $10890045.07  | 0.31%             | 2029-08-15      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                                           | HCA, Inc.                                                                        | CUSIP: 404121AH8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    690000 | PA      | $692969.60    | 0.02%             | 2026-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: —       |
| Santander Drive Auto Receivables Trust                              | Santander Drive Auto Receivables Trust, Series 2025-3, Class A2                  | CUSIP: 80288JAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4830000 | PA      | $4845009.23   | 0.14%             | 2028-10-16      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Elevance Health, Inc.                                               | Elevance Health, Inc.                                                            | CUSIP: 036752BH5<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   7730000 | PA      | $7696203.51   | 0.22%             | 2028-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| Huntington Bank Auto Credit-Linked Notes                            | Huntington Bank Auto Credit-Linked Notes, Series 2024-2, Class B1                | CUSIP: 44644NAG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    517078 | PA      | $522098.38    | 0.02%             | 2032-10-20      | Fixed         | 5.44%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DWGK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1444249 | PA      | $1496885.19   | 0.04%             | 2053-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179XQY5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1336435 | PA      | $1361490.56   | 0.04%             | 2053-01-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DNDQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7031254 | PA      | $5943005.98   | 0.17%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31417G6A9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    148616 | PA      | $140183.43    | 0.00%             | 2043-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Chevron USA, Inc.                                                   | Chevron USA, Inc.                                                                | CUSIP: 166756BD7<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |   4990000 | PA      | $5106258.17   | 0.15%             | 2030-04-15      | Fixed         | 4.69%                 | No            |                  2 | On Loan: —       |
| Omega Healthcare Investors, Inc.                                    | Omega Healthcare Investors, Inc.                                                 | CUSIP: 681936BH2<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |   3240000 | PA      | $3240844.02   | 0.09%             | 2026-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| FNMA                                                                | UMBS                                                                             | CUSIP: 31418EHK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  15943926 | PA      | $15538329.94  | 0.45%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BA Credit Card Trust                                                | BA Credit Card Trust, Series 2023-A1, Class A1                                   | CUSIP: 05522RDG0<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |   2912000 | PA      | $2926513.99   | 0.08%             | 2028-05-15      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                                          | UMBS                                                                             | CUSIP: 3132DTLF5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7784345 | PA      | $6915622.47   | 0.20%             | 2052-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3140XKW55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1951636 | PA      | $1956965.89   | 0.06%             | 2038-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                                | UMBS                                                                             | CUSIP: 3138X32U5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     65698 | PA      | $63842.28     | 0.00%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Barings BDC, Inc.                                                   | Barings BDC, Inc.                                                                | CUSIP: 06759LAE3<br>LEI: 549300GSF4KFZP6ONG49 | Long             | DBT              | CORP              | US        |   4635000 | PA      | $4602152.96   | 0.13%             | 2028-09-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: —       |
| Volkswagen Group of America Finance LLC                             | Volkswagen Group of America Finance LLC                                          | CUSIP: 928668CX8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   7010000 | PA      | $7039247.68   | 0.20%             | 2030-09-11      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                                | GNMA                                                                             | CUSIP: 36179XVU7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2334601 | PA      | $2391868.78   | 0.07%             | 2053-03-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MSD Investment Corp.                                                | MSD Investment Corp.                                                             | CUSIP: 55354LAA7<br>LEI: 549300K4HV7AOWFSAO65 | Long             | DBT              | CORP              | US        |   1615000 | PA      | $1635598.71   | 0.05%             | 2030-05-31      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: —       |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Nationwide Variable Insurance Trust

**Signature:** David Majewski

**Name of Signer:** David Majewski

**Title:** Treasurer