# EDGAR Filing Document

**Accession Number:** 0000012601
**File Stem:** 0000012601-26-000097
**Filing Date:** 2026-2
**Character Count:** 181898
**Document Hash:** 025db863c59cfdefc8e2e8e3dde61693
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000012601-26-000097.hdr.sgml**: 20260223

**ACCESSION NUMBER**: 0000012601-26-000097

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260223

**DATE AS OF CHANGE**: 20260223

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PRINCIPAL VARIABLE CONTRACTS FUNDS INC
- **CENTRAL INDEX KEY:** 0000012601

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-01944
- **FILM NUMBER:** 26662836

**BUSINESS ADDRESS:**
- **STREET 1:** 711 HIGH STREET
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392
- **BUSINESS PHONE:** 515-247-5477

**MAIL ADDRESS:**
- **STREET 1:** PRINCIPAL FINANCIAL GROUP
- **CITY:** DES MOINES
- **STATE:** IA
- **ZIP:** 50392

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL VARIABLE CONTRACTS FUND INC
- **DATE OF NAME CHANGE:** 19980617

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCIPAL CAPITAL ACCUMULATION FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRINCOR INVESTMENT FUND INC
- **DATE OF NAME CHANGE:** 19880906

## Series and Classes Contracts Data

### Short-Term Income Account (Series ID: S000014089)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000038541 | Short-Term Income Account Class 1 |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Principal Variable Contract Funds, Inc

- **b. Investment Company Act file number:** 811-01944

- **c. CIK number of Registrant:** 0000012601

- **d. LEI of Registrant:** ICS43THKTGQL3EQ10426

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

  - **Street Address 1:** 711 High St

  - **City:** Des Moines

  - **State:** IA

  - **Foreign country:** US

  - **Zip / Postal Code:** 50392

  - **Telephone number:** 515-235-1719

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

- **a. Name of Series:** Short-Term Income Account

- **b. EDGAR series identifier (if any):** S000014089

- **c. LEI of Series:** 3NC57XZ3EWJG4SIFX606

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

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

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $134632136.14

**Total Liabilities:** $1617826.47

**Net Assets:** $133014309.67

**Delayed Delivery Securities:** $250000.00

**Cash Not Reported:** $38205.90

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 687.09710000 | **1-Year:** 3110.63900000 | **5-Year:** 20719.69850000 | **10-Year:** 1333.95620000 | **30-Year:** 213.29890000

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

- **3-Month:** 1.53770000 | **1-Year:** 6.96140000 | **5-Year:** 46.36940000 | **10-Year:** 2.98530000 | **30-Year:** 0.47740000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000038541 | 0.00%                | 0.79%                | 0.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $27721.41                | $-32206.07                                 |
| Month 2  | $32397.57                | $138281.19                                 |
| Month 3  | $6922.07                 | $-66743.52                                 |

**Designated Index Information**

- **Index Name:** Fund Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JPMorgan Chase & Co                                                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PAX4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    350000 | PA      | $353606.30    | 0.27%             | 2029-12-05      | Variable      | 4.45%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2021-4                                                   | Sequoia Mortgage Trust 2021-4                                                   | CUSIP: 81748WAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    443936 | PA      | $393999.81    | 0.30%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                                              | Northwestern Mutual Global Funding                                              | CUSIP: 66815L2A6<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499455.53    | 0.38%             | 2026-01-14      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                                                  | Eli Lilly & Co                                                                  | CUSIP: 532457CU0<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254265.37    | 0.19%             | 2028-02-12      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Inc                                                               | Kinder Morgan Inc                                                               | CUSIP: 494553AD2<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    500000 | PA      | $511579.62    | 0.38%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent LP                                                        | American Homes 4 Rent LP                                                        | CUSIP: 02666TAK3<br>LEI: 549300N4PXZ37U8QKI55 | Long             | DBT              | CORP              | US        |    192000 | PA      | $195841.99    | 0.15%             | 2030-06-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| eBay Inc                                                                        | eBay Inc                                                                        | CUSIP: 278642BD4<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250720.54    | 0.19%             | 2029-03-06      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                                                            | Williams Cos Inc/The                                                            | CUSIP: 969457CH1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300653.42    | 0.23%             | 2026-03-02      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| NYC Commercial Mortgage Trust 2025-28L                                          | NYC Commercial Mortgage Trust 2025-28L                                          | CUSIP: 67123JAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $250528.90    | 0.19%             | 2038-11-05      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2021-A                                | Navient Private Education Refi Loan Trust 2021-A                                | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     57280 | PA      | $52627.76     | 0.04%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                  | BNP Paribas SA                                                                  | CUSIP: 09659W3D4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $408328.94    | 0.31%             | 2031-05-09      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-HE1                                               | JP Morgan Mortgage Trust 2023-HE1                                               | CUSIP: 46656UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     49433 | PA      | $49564.67     | 0.04%             | 2053-11-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                                | Wells Fargo & Co                                                                | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    300000 | PA      | $306209.59    | 0.23%             | 2028-04-22      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| Smurfit Kappa Treasury ULC                                                      | Smurfit Kappa Treasury ULC                                                      | CUSIP: 83272GAD3<br>LEI: 635400B3DOXSWFOWJT40 | Long             | DBT              | CORP              | IE        |    400000 | PA      | $412540.00    | 0.31%             | 2030-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Schlumberger Holdings Corp                                                      | Schlumberger Holdings Corp                                                      | CUSIP: 806851AL5<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202622.31    | 0.15%             | 2027-05-29      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The                                            | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CD5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $255854.18    | 0.19%             | 2031-05-13      | Variable      | 4.90%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                                                    | UBS Group AG                                                                    | CUSIP: 225401AF5<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    750000 | PA      | $745767.60    | 0.56%             | 2029-01-12      | Variable      | 3.87%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Finance LLC                                                      | Alliant Energy Finance LLC                                                      | CUSIP: 01882YAE6<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |    500000 | PA      | $522610.27    | 0.39%             | 2029-03-30      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| DLLAA 2025-1 LLC                                                                | DLLAA 2025-1 LLC                                                                | CUSIP: 233249AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    228204 | PA      | $229065.50    | 0.17%             | 2027-10-20      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| CHL Mortgage Pass-Through Trust 2003-46                                         | CHL Mortgage Pass-Through Trust 2003-46                                         | CUSIP: 12669EG67<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      6610 | PA      | $6487.39      | 0.00%             | 2034-01-19      | Variable      | 5.77%                 | No            |                  2 | On Loan: No      |
| Omega Healthcare Investors Inc                                                  | Omega Healthcare Investors Inc                                                  | CUSIP: 681936BP4<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203536.60    | 0.15%             | 2030-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Co                                                             | Vulcan Materials Co                                                             | CUSIP: 929160BB4<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |    300000 | PA      | $307818.52    | 0.23%             | 2029-12-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2020-D                                | Navient Private Education Refi Loan Trust 2020-D                                | CUSIP: 63941HAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     63315 | PA      | $60486.65     | 0.05%             | 2069-05-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Southwestern Electric Power Co                                                  | Southwestern Electric Power Co                                                  | CUSIP: 845437BS0<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |    600000 | PA      | $596762.38    | 0.45%             | 2026-03-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| Credit Suisse First Boston Mortgage Securities Corp                             | Credit Suisse First Boston Mortgage Securities Corp                             | CUSIP: 2254W0HF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       466 | PA      | $260.10       | 0.00%             | 2038-01-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                                              | Northwestern Mutual Global Funding                                              | CUSIP: 66815L2R9<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507075.68    | 0.38%             | 2027-03-25      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2023-A                                | Navient Private Education Refi Loan Trust 2023-A                                | CUSIP: 638961AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160126 | PA      | $164580.47    | 0.12%             | 2071-10-15      | Fixed         | 5.51%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2024-3                       | GM Financial Consumer Automobile Receivables Trust 2024-3                       | CUSIP: 38013KAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     34680 | PA      | $34703.80     | 0.03%             | 2027-06-16      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                             | Societe Generale SA                                                             | CUSIP: 83368RCC4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $512081.36    | 0.38%             | 2029-04-13      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund - Institutional Class                               | BlackRock Liquidity FedFund - Institutional Class                               | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1313236 | NS      | $1313236.27   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Sequoia Mortgage Trust 2024-4                                                   | Sequoia Mortgage Trust 2024-4                                                   | CUSIP: 81743BAD9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    537932 | PA      | $542525.64    | 0.41%             | 2054-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2021-1                                                 | JP Morgan Mortgage Trust 2021-1                                                 | CUSIP: 46592EAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    222905 | PA      | $206493.19    | 0.16%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                                                             | Gilead Sciences Inc                                                             | CUSIP: 375558CB7<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205780.52    | 0.15%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Barclays PLC                                                                    | Barclays PLC                                                                    | CUSIP: 06738EBU8<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $491954.18    | 0.37%             | 2027-11-24      | Variable      | 2.28%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust 2024-5                                                   | Chase Auto Owner Trust 2024-5                                                   | CUSIP: 16144QAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70066 | PA      | $70117.48     | 0.05%             | 2027-11-26      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc                                                             | Dominion Energy Inc                                                             | CUSIP: 25746UDY2<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    350000 | PA      | $354084.84    | 0.27%             | 2028-05-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                                                             | Fifth Third Bancorp                                                             | CUSIP: 316773DM9<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101612.79    | 0.08%             | 2030-09-06      | Variable      | 4.89%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                                                         | CF Hippolyta Issuer LLC                                                         | CUSIP: 12530MAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1303858 | PA      | $1052498.80   | 0.79%             | 2061-03-15      | Fixed         | 1.53%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                                              | Northwestern Mutual Global Funding                                              | CUSIP: 66815L2U2<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |    300000 | PA      | $307590.98    | 0.23%             | 2030-01-13      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PEP7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201960.08    | 0.15%             | 2028-10-22      | Variable      | 4.51%                 | No            |                  2 | On Loan: No      |
| SBA Tower Trust                                                                 | SBA Tower Trust                                                                 | CUSIP: 78403DAP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $124860.83    | 0.09%             | 2050-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust 2021-A-GS                                         | Commonbond Student Loan Trust 2021-A-GS                                         | CUSIP: 20268WAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    173692 | PA      | $148494.81    | 0.11%             | 2052-03-25      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc                                                      | Advanced Micro Devices Inc                                                      | CUSIP: 007903BJ5<br>LEI: R2I72C950HOYXII45366 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202111.79    | 0.15%             | 2028-03-24      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                                | United States Treasury Note/Bond                                                | CUSIP: 91282CHM6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $2010260.16   | 1.51%             | 2026-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp/The                                                | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RCH8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302265.14    | 0.23%             | 2028-06-09      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PEG7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    300000 | PA      | $312968.17    | 0.24%             | 2030-04-22      | Variable      | 5.58%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2019-A                                | Navient Private Education Refi Loan Trust 2019-A                                | CUSIP: 63941BAB1<br>LEI: 549300ZUZB9UCBWEBN39 | Long             | ABS-O            | CORP              | US        |      3775 | PA      | $3765.75      | 0.00%             | 2043-01-15      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO 6 Ltd                                                          | New Mountain CLO 6 Ltd                                                          | CUSIP: 647908AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    300000 | PA      | $300271.80    | 0.23%             | 2037-10-15      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                               | NatWest Group PLC                                                               | CUSIP: 639057AS7<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $408227.99    | 0.31%             | 2030-08-15      | Variable      | 4.96%                 | No            |                  2 | On Loan: No      |
| Southern Power Co                                                               | Southern Power Co                                                               | CUSIP: 843646AX8<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99732.73     | 0.07%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Maranon Loan Funding 2021-3 Ltd                                                 | Maranon Loan Funding 2021-3 Ltd                                                 | CUSIP: 56577NAS3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    300000 | PA      | $300956.70    | 0.23%             | 2036-10-15      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| Swedbank AB                                                                     | Swedbank AB                                                                     | CUSIP: 870195AC8<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |    400000 | PA      | $412564.32    | 0.31%             | 2029-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31405DLY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      2167 | PA      | $2206.71      | 0.00%             | 2034-07-01      | Floating      | 6.14%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Inc                                             | Public Service Enterprise Group Inc                                             | CUSIP: 744573AW6<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    350000 | PA      | $365435.69    | 0.27%             | 2028-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Dllad 2024-1 LLC                                                                | Dllad 2024-1 LLC                                                                | CUSIP: 23346MAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    113016 | PA      | $113516.25    | 0.09%             | 2027-08-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Holding Co LLC                                               | Columbia Pipelines Holding Co LLC                                               | CUSIP: 19828AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $151377.95    | 0.11%             | 2026-08-15      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-CES1                                       | JP Morgan Mortgage Trust Series 2025-CES1                                       | CUSIP: 46658XAC9<br>LEI: 5299003TKRYXBBT76K08 | Long             | ABS-O            | CORP              | US        |    221561 | PA      | $223481.91    | 0.17%             | 2055-05-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61747YFQ3<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    300000 | PA      | $312547.72    | 0.23%             | 2030-04-18      | Variable      | 5.66%                 | No            |                  2 | On Loan: No      |
| GS Mortgage-Backed Securities Corp Trust 2021-PJ3                               | GS Mortgage-Backed Securities Corp Trust 2021-PJ3                               | CUSIP: 36262AAF1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     89291 | PA      | $80621.88     | 0.06%             | 2051-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| US Bank NA/Cincinnati OH                                                        | US Bank NA/Cincinnati OH                                                        | CUSIP: 90331HPS6<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252524.21    | 0.19%             | 2028-05-15      | Variable      | 4.73%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBG9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    350000 | PA      | $359535.76    | 0.27%             | 2027-04-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| General Electric Co                                                             | General Electric Co                                                             | CUSIP: 369604BZ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100849.76    | 0.08%             | 2030-07-29      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                            | Bank of America Corp                                                            | CUSIP: 06051GMK2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    350000 | PA      | $356549.79    | 0.27%             | 2029-01-24      | Variable      | 4.98%                 | No            |                  2 | On Loan: No      |
| Principal Government Money Market Fund - Class R-6                              | Principal Government Money Market Fund - Class R-6                              | CUSIP: 74257B639<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   4721105 | NS      | $4721104.83   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore Funding LLC                                                            | Glencore Funding LLC                                                            | CUSIP: 378272BZ0<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102766.77    | 0.08%             | 2030-04-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| SBA Tower Trust                                                                 | SBA Tower Trust                                                                 | CUSIP: 78403DAT7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $489195.50    | 0.37%             | 2051-05-15      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| MVW 2023-2 LLC                                                                  | MVW 2023-2 LLC                                                                  | CUSIP: 55400WAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    233654 | PA      | $240163.78    | 0.18%             | 2040-11-20      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| Bunge Ltd Finance Corp                                                          | Bunge Ltd Finance Corp                                                          | CUSIP: 120568BE9<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500283.85    | 0.38%             | 2029-09-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust 2025-2                                                    | CCG Receivables Trust 2025-2                                                    | CUSIP: 12516XAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250538.70    | 0.19%             | 2034-08-15      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| MVW 2021-1W LLC                                                                 | MVW 2021-1W LLC                                                                 | CUSIP: 55389TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     16683 | PA      | $16130.03     | 0.01%             | 2041-01-22      | Fixed         | 1.14%                 | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software Inc                                               | Take-Two Interactive Software Inc                                               | CUSIP: 874054AK5<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509685.17    | 0.38%             | 2028-03-28      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61747YEZ4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250169.72    | 0.19%             | 2027-01-28      | Variable      | 5.05%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2020-4                                                   | Sequoia Mortgage Trust 2020-4                                                   | CUSIP: 81748RAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    114867 | PA      | $107319.51    | 0.08%             | 2050-11-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2020-H                                | Navient Private Education Refi Loan Trust 2020-H                                | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42776 | PA      | $40487.39     | 0.03%             | 2069-01-15      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31401G5B6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      5248 | PA      | $5328.91      | 0.00%             | 2033-04-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Evergy Kansas Central Inc                                                       | Evergy Kansas Central Inc                                                       | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101527.69    | 0.08%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank NA                                                          | Morgan Stanley Bank NA                                                          | CUSIP: 61690DK72<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |    400000 | PA      | $407353.66    | 0.31%             | 2029-01-12      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    250000 | PA      | $254647.50    | 0.19%             | 2029-01-24      | Variable      | 4.92%                 | No            |                  2 | On Loan: No      |
| WB Commercial Mortgage Trust 2024-HQ                                            | WB Commercial Mortgage Trust 2024-HQ                                            | CUSIP: 92943PAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $499071.30    | 0.38%             | 2040-03-15      | Variable      | 5.94%                 | No            |                  2 | On Loan: No      |
| Graphic Packaging International LLC                                             | Graphic Packaging International LLC                                             | CUSIP: 38869PAP9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |    450000 | PA      | $445893.87    | 0.34%             | 2026-04-15      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61772BAB9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    550000 | PA      | $545213.63    | 0.41%             | 2027-05-04      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co                                                                   | DTE Energy Co                                                                   | CUSIP: 233331BC0<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194469.86    | 0.15%             | 2029-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust 2025-D                                        | World Omni Auto Receivables Trust 2025-D                                        | CUSIP: 98165HAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500707.60    | 0.38%             | 2029-02-15      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| eBay Inc                                                                        | eBay Inc                                                                        | CUSIP: 278642AX1<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |    500000 | PA      | $495312.23    | 0.37%             | 2026-05-10      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Schlumberger Holdings Corp                                                      | Schlumberger Holdings Corp                                                      | CUSIP: 806851AM3<br>LEI: 529900IKZG65COT1D505 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205385.78    | 0.15%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                                    | New York Life Global Funding                                                    | CUSIP: 64952WFN8<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    350000 | PA      | $355300.11    | 0.27%             | 2030-06-03      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2021-E                                         | SMB Private Education Loan Trust 2021-E                                         | CUSIP: 78450MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    236710 | PA      | $225491.09    | 0.17%             | 2051-02-15      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2024-3                                    | Westlake Automobile Receivables Trust 2024-3                                    | CUSIP: 96043CAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     87048 | PA      | $87157.57     | 0.07%             | 2027-09-15      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp                                                       | Occidental Petroleum Corp                                                       | CUSIP: 674599EJ0<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    300000 | PA      | $307497.18    | 0.23%             | 2029-08-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG/New York NY                                                    | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CW7<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    200000 | PA      | $207923.63    | 0.16%             | 2029-05-10      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZU1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503508.15    | 0.38%             | 2028-08-23      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258211.86    | 0.19%             | 2031-04-23      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31404XEH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      1193 | PA      | $1223.02      | 0.00%             | 2034-08-01      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Southern Co/The                                                                 | Southern Co/The                                                                 | CUSIP: 842587DS3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $518925.63    | 0.39%             | 2029-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arthur J Gallagher & Co                                                         | Arthur J Gallagher & Co                                                         | CUSIP: 04316JAL3<br>LEI: 54930049QLLMPART6V29 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153491.20    | 0.12%             | 2029-12-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Pfizer Inc                                                                      | Pfizer Inc                                                                      | CUSIP: 717081FJ7<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200655.70    | 0.15%             | 2027-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Pfizer Inc                                                                      | Pfizer Inc                                                                      | CUSIP: 717081FD0<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200926.34    | 0.15%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Cerberus Loan Funding XXIV LP                                                   | Cerberus Loan Funding XXIV LP                                                   | CUSIP: 15672RAN5<br>LEI: 549300CQR4WB8C9KUS83 | Long             | ABS-O            | CORP              | KY        |    258857 | PA      | $258393.23    | 0.19%             | 2030-07-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Navesink CLO 2 Ltd                                                              | Navesink CLO 2 Ltd                                                              | CUSIP: 63942YAQ7<br>LEI: 254900HNRWNLGN0X1N35 | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $250000.00    | 0.19%             | 2036-01-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                                                                    | Alphabet Inc                                                                    | CUSIP: 02079KAW7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250767.25    | 0.19%             | 2030-11-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Arbor Multifamily Mortgage Securities Trust 2022-MF4                            | Arbor Multifamily Mortgage Securities Trust 2022-MF4                            | CUSIP: 03882LAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    432005 | PA      | $428347.07    | 0.32%             | 2055-02-15      | Variable      | 3.27%                 | No            |                  2 | On Loan: No      |
| GSJP Trust 2025-BEDS                                                            | GSJP Trust 2025-BEDS                                                            | CUSIP: 362946AA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $250076.70    | 0.19%             | 2042-12-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| CHI Commercial Mortgage Trust 2025-110W                                         | CHI Commercial Mortgage Trust 2025-110W                                         | CUSIP: 12577HAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $300485.07    | 0.23%             | 2040-12-13      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Corp Trust 2023-SHIP                                     | GS Mortgage Securities Corp Trust 2023-SHIP                                     | CUSIP: 36270GAA9<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |    460000 | PA      | $459312.99    | 0.35%             | 2038-09-10      | Variable      | 4.32%                 | No            |                  2 | On Loan: No      |
| PNC Bank NA                                                                     | PNC Bank NA                                                                     | CUSIP: 69353RFY9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250363.75    | 0.19%             | 2027-05-13      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| N/A                                                                             | Futures                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        25 | NC      | $-3564.88     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                                                    | Broadcom Inc                                                                    | CUSIP: 11135FCK5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203206.22    | 0.15%             | 2030-07-15      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust 2018-BGS                                          | Commonbond Student Loan Trust 2018-BGS                                          | CUSIP: 20268MAA4<br>LEI: 549300EJIXF1G1X7PN20 | Long             | ABS-O            | CORP              | US        |     41295 | PA      | $39859.73     | 0.03%             | 2045-09-25      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| New Mountain CLO 7 Ltd                                                          | New Mountain CLO 7 Ltd                                                          | CUSIP: 64754YAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $249682.75    | 0.19%             | 2038-03-31      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| Black Hills Corp                                                                | Black Hills Corp                                                                | CUSIP: 092113AY5<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200039.78    | 0.15%             | 2031-01-31      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp                                                              | PFS Financing Corp                                                              | CUSIP: 69335PEY7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $202266.68    | 0.15%             | 2028-10-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| SBA Tower Trust                                                                 | SBA Tower Trust                                                                 | CUSIP: 78403DAR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    653000 | PA      | $627465.68    | 0.47%             | 2052-07-15      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                                | Wells Fargo & Co                                                                | CUSIP: 95000U3P6<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    175000 | PA      | $181215.99    | 0.14%             | 2031-01-24      | Variable      | 5.24%                 | No            |                  2 | On Loan: No      |
| Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC | Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $226926.23    | 0.17%             | 2029-09-20      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2025-1                                    | Westlake Automobile Receivables Trust 2025-1                                    | CUSIP: 96043VAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    195293 | PA      | $195637.52    | 0.15%             | 2028-01-18      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2021-B                                | Navient Private Education Refi Loan Trust 2021-B                                | CUSIP: 63942LAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    448152 | PA      | $410571.84    | 0.31%             | 2069-07-15      | Fixed         | 0.94%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                          | Diamondback Energy Inc                                                          | CUSIP: 25278XAX7<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    400000 | PA      | $405781.37    | 0.31%             | 2027-04-18      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2021-A                                         | SMB Private Education Loan Trust 2021-A                                         | CUSIP: 78448YAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    205386 | PA      | $188096.61    | 0.14%             | 2053-01-15      | Fixed         | 1.07%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2022-C                                         | SMB Private Education Loan Trust 2022-C                                         | CUSIP: 78449CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    251145 | PA      | $250508.73    | 0.19%             | 2050-05-16      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust 2024-1                                                    | CCG Receivables Trust 2024-1                                                    | CUSIP: 12515PAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    127475 | PA      | $128547.09    | 0.10%             | 2032-03-15      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Public Storage Operating Co                                                     | Public Storage Operating Co                                                     | CUSIP: 74464AAA9<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |    450000 | PA      | $451478.61    | 0.34%             | 2027-04-16      | Floating      | 4.41%                 | No            |                  2 | On Loan: No      |
| Cisco Systems Inc                                                               | Cisco Systems Inc                                                               | CUSIP: 17275RBX9<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    350000 | PA      | $359798.09    | 0.27%             | 2030-02-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                                                                    | Alphabet Inc                                                                    | CUSIP: 02079KAV9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100487.79    | 0.08%             | 2028-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-8                                                 | JP Morgan Mortgage Trust 2023-8                                                 | CUSIP: 46657CAD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    633275 | PA      | $640094.81    | 0.48%             | 2054-02-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                            | Verizon Master Trust                                                            | CUSIP: 92348KDE0<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251523.33    | 0.19%             | 2030-08-20      | Fixed         | 4.17%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-1                                                   | Sequoia Mortgage Trust 2024-1                                                   | CUSIP: 81749GAK6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    160181 | PA      | $159891.76    | 0.12%             | 2054-01-25      | Variable      | 5.72%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61747YEK7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    300000 | PA      | $295051.73    | 0.22%             | 2028-01-21      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| SLM Private Credit Student Loan Trust 2004-A                                    | SLM Private Credit Student Loan Trust 2004-A                                    | CUSIP: 78443CBH6<br>LEI: 54930054KUX5HFXZUQ43 | Long             | ABS-O            | CORP              | US        |      9462 | PA      | $9434.77      | 0.01%             | 2033-06-15      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| 1988 CLO 3 Ltd                                                                  | 1988 CLO 3 Ltd                                                                  | CUSIP: 653949AL1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $498804.00    | 0.38%             | 2038-10-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZK3<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $492201.47    | 0.37%             | 2028-02-24      | Variable      | 2.64%                 | No            |                  2 | On Loan: No      |
| Solventum Corp                                                                  | Solventum Corp                                                                  | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |    194000 | PA      | $200921.88    | 0.15%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust 2025-3                                        | Chase Home Lending Mortgage Trust 2025-3                                        | CUSIP: 16160MAD5<br>LEI: 529900HBZNCZRSLIS225 | Long             | ABS-MBS          | CORP              | US        |    191608 | PA      | $192388.42    | 0.14%             | 2056-02-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Exelon Corp                                                                     | Exelon Corp                                                                     | CUSIP: 30161NBM2<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    320000 | PA      | $329010.69    | 0.25%             | 2029-03-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Welltower OP LLC                                                                | Welltower OP LLC                                                                | CUSIP: 95041AAF5<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303343.95    | 0.23%             | 2030-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Life 2022-BMR Mortgage Trust                                                    | Life 2022-BMR Mortgage Trust                                                    | CUSIP: 53218DAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    800000 | PA      | $771515.20    | 0.58%             | 2039-05-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                                         | Bank of Nova Scotia/The                                                         | CUSIP: 0641598K5<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    307000 | PA      | $301536.17    | 0.23%             | 2026-09-15      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| ELFI Graduate Loan Program 2024-A LLC                                           | ELFI Graduate Loan Program 2024-A LLC                                           | CUSIP: 28627LAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    427608 | PA      | $436035.20    | 0.33%             | 2049-08-25      | Fixed         | 5.56%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2020-G                                | Navient Private Education Refi Loan Trust 2020-G                                | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75777 | PA      | $71520.32     | 0.05%             | 2069-09-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities 2021-1 Trust                             | Wells Fargo Mortgage Backed Securities 2021-1 Trust                             | CUSIP: 95003AAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     53237 | PA      | $48659.96     | 0.04%             | 2050-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Empower CLO 2025-1 Ltd                                                          | Empower CLO 2025-1 Ltd                                                          | CUSIP: 29249DAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    400000 | PA      | $400506.80    | 0.30%             | 2038-07-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co                                                   | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBT5<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    400000 | PA      | $402297.96    | 0.30%             | 2029-10-15      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                                                                | Wells Fargo & Co                                                                | CUSIP: 95000U3W1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206440.63    | 0.16%             | 2031-04-23      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| Consumers Energy Co                                                             | Consumers Energy Co                                                             | CUSIP: 210518DV5<br>LEI: 7NKTFWJ1G6MELP9TU740 | Long             | DBT              | CORP              | US        |    375000 | PA      | $384478.98    | 0.29%             | 2029-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    450000 | PA      | $461954.93    | 0.35%             | 2030-01-16      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Aon North America Inc                                                           | Aon North America Inc                                                           | CUSIP: 03740MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    700000 | PA      | $720038.42    | 0.54%             | 2029-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust 2025-2                                             | Dell Equipment Finance Trust 2025-2                                             | CUSIP: 24703VAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250687.88    | 0.19%             | 2028-02-22      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BX 2024-PALM                                                                    | BX 2024-PALM                                                                    | CUSIP: 05612UAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    259615 | PA      | $259777.44    | 0.20%             | 2037-06-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp                                                              | PFS Financing Corp                                                              | CUSIP: 69335PFU4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $458056.58    | 0.34%             | 2030-02-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-HE3                                               | JP Morgan Mortgage Trust 2023-HE3                                               | CUSIP: 465985AA7<br>LEI: 5299007DSRZLE19EYU93 | Long             | ABS-O            | CORP              | US        |    159547 | PA      | $160064.74    | 0.12%             | 2054-05-20      | Floating      | 5.52%                 | No            |                  2 | On Loan: No      |
| Tampa Electric Co                                                               | Tampa Electric Co                                                               | CUSIP: 875127BM3<br>LEI: WS423EPRKJIIJUITXD73 | Long             | DBT              | CORP              | US        |    110000 | PA      | $112283.43    | 0.08%             | 2029-03-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Amgen Inc                                                                       | Amgen Inc                                                                       | CUSIP: 031162DP2<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    400000 | PA      | $409356.06    | 0.31%             | 2028-03-02      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Non Gold Pool                                                       | Freddie Mac Non Gold Pool                                                       | CUSIP: 3128Q2G80<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGA              | US        |      2390 | PA      | $2469.30      | 0.00%             | 2035-09-01      | Floating      | 6.40%                 | No            |                  2 | On Loan: No      |
| BFLD Commercial Mortgage Trust 2025-5MW                                         | BFLD Commercial Mortgage Trust 2025-5MW                                         | CUSIP: 088921AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $99994.12     | 0.08%             | 2042-10-10      | Variable      | 4.67%                 | No            |                  2 | On Loan: No      |
| Consumer Portfolio Services Auto Trust 2025-A                                   | Consumer Portfolio Services Auto Trust 2025-A                                   | CUSIP: 12633SAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    145602 | PA      | $145876.60    | 0.11%             | 2028-10-16      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| Northrop Grumman Corp                                                           | Northrop Grumman Corp                                                           | CUSIP: 666807CK6<br>LEI: RIMU48P07456QXSO0R61 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507605.43    | 0.38%             | 2029-02-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NatWest Group PLC                                                               | NatWest Group PLC                                                               | CUSIP: 639057AR9<br>LEI: 2138005O9XJIJN4JPN90 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $403724.80    | 0.30%             | 2028-11-15      | Floating      | 5.01%                 | No            |                  2 | On Loan: No      |
| KeyBank NA/Cleveland OH                                                         | KeyBank NA/Cleveland OH                                                         | CUSIP: 49327M3F9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    600000 | PA      | $618108.58    | 0.46%             | 2027-11-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                                         | HCA Inc                                                                         | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    700000 | PA      | $700544.82    | 0.53%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                                | United States Treasury Note/Bond                                                | CUSIP: 91282CEV9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5000000 | PA      | $4942968.75   | 3.72%             | 2029-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp                                                            | Bank of America Corp                                                            | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    350000 | PA      | $361324.01    | 0.27%             | 2031-01-24      | Variable      | 5.16%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust 2021-B-GS                                         | Commonbond Student Loan Trust 2021-B-GS                                         | CUSIP: 20268AAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    214558 | PA      | $189469.10    | 0.14%             | 2051-09-25      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                            | Verizon Master Trust                                                            | CUSIP: 92348KBS1<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $603503.10    | 0.45%             | 2029-06-20      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Oceanview Mortgage Trust 2021-3                                                 | Oceanview Mortgage Trust 2021-3                                                 | CUSIP: 67647VAD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    329242 | PA      | $296196.04    | 0.22%             | 2051-06-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                      | US Bancorp                                                                      | CUSIP: 91159HJS0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    150000 | PA      | $154458.86    | 0.12%             | 2030-07-23      | Variable      | 5.10%                 | No            |                  2 | On Loan: No      |
| Brown & Brown Inc                                                               | Brown & Brown Inc                                                               | CUSIP: 115236AK7<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101382.96    | 0.08%             | 2030-06-23      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust 2025-3                                               | LAD Auto Receivables Trust 2025-3                                               | CUSIP: 501684AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300679.74    | 0.23%             | 2029-03-15      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp                                               | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAM8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153716.84    | 0.12%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG/New York NY                                                    | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526CU1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    400000 | PA      | $426516.83    | 0.32%             | 2029-11-20      | Variable      | 6.82%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO 2019-4 Ltd                                                          | Oaktree CLO 2019-4 Ltd                                                          | CUSIP: 67402CBE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $500533.00    | 0.38%             | 2037-07-20      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corp                                                           | Novartis Capital Corp                                                           | CUSIP: 66989HAY4<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249733.61    | 0.19%             | 2030-11-05      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Vistra Operations Co LLC                                                        | Vistra Operations Co LLC                                                        | CUSIP: 92840VAG7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    800000 | PA      | $794392.00    | 0.60%             | 2027-01-30      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Alliant Energy Finance LLC                                                      | Alliant Energy Finance LLC                                                      | CUSIP: 01882YAC0<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148996.17    | 0.11%             | 2026-03-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                        | AT&T Inc                                                                        | CUSIP: 00206RML3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    400000 | PA      | $397976.68    | 0.30%             | 2026-03-25      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31402DLW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      4212 | PA      | $4290.66      | 0.00%             | 2037-02-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd                                                  | Canadian Natural Resources Ltd                                                  | CUSIP: 136385BD2<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |    165000 | PA      | $169218.49    | 0.13%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BX Trust 2021-LGCY                                                              | BX Trust 2021-LGCY                                                              | CUSIP: 12434DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $299370.69    | 0.23%             | 2036-10-15      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2025-4                       | GM Financial Consumer Automobile Receivables Trust 2025-4                       | CUSIP: 36273EAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500456.85    | 0.38%             | 2028-12-18      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CPS Auto Receivables Trust 2025-C                                               | CPS Auto Receivables Trust 2025-C                                               | CUSIP: 12634SAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70930 | PA      | $71108.46     | 0.05%             | 2029-03-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                                                            | Williams Cos Inc/The                                                            | CUSIP: 969457CR9<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252446.79    | 0.19%             | 2030-06-30      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                                | United States Treasury Note/Bond                                                | CUSIP: 91282CJT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5600000 | PA      | $5626854.30   | 4.23%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                                         | HCA Inc                                                                         | CUSIP: 404119DD8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99622.00     | 0.07%             | 2030-11-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Inc                                             | Public Service Enterprise Group Inc                                             | CUSIP: 744573AY2<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    300000 | PA      | $308369.69    | 0.23%             | 2029-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust 2018-C-GS                                         | Commonbond Student Loan Trust 2018-C-GS                                         | CUSIP: 20267XAA1<br>LEI: 549300O1CSZVJJTIR319 | Long             | ABS-O            | CORP              | US        |     43175 | PA      | $42105.33     | 0.03%             | 2046-02-25      | Fixed         | 3.87%                 | No            |                  2 | On Loan: No      |
| American Tower Trust #1                                                         | American Tower Trust #1                                                         | CUSIP: 03027WAK8<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | DBT              | CORP              | US        |    270000 | PA      | $267317.60    | 0.20%             | 2048-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Public Storage Operating Co                                                     | Public Storage Operating Co                                                     | CUSIP: 74464AAC5<br>LEI: 549300LMZF40TKJ6DM64 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252040.26    | 0.19%             | 2030-07-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2024-A                                | Navient Private Education Refi Loan Trust 2024-A                                | CUSIP: 63943CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    255964 | PA      | $262288.54    | 0.20%             | 2072-10-15      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-CES7                                       | JP Morgan Mortgage Trust Series 2025-CES7                                       | CUSIP: 46660GAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300141.00    | 0.23%             | 2056-04-25      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2021-ACNT                                          | BX Commercial Mortgage Trust 2021-ACNT                                          | CUSIP: 05609QAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    312064 | PA      | $311875.66    | 0.23%             | 2038-11-15      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2021-E                                | Navient Private Education Refi Loan Trust 2021-E                                | CUSIP: 63942EAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    214243 | PA      | $193224.49    | 0.15%             | 2069-12-16      | Fixed         | 0.97%                 | No            |                  2 | On Loan: No      |
| Bardot CLO Ltd                                                                  | Bardot CLO Ltd                                                                  | CUSIP: 06744NBQ9<br>LEI: 549300KP12IHV6MTDK86 | Long             | ABS-O            | CORP              | KY        |    380344 | PA      | $380186.06    | 0.29%             | 2032-10-22      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| SLM Private Credit Student Loan Trust 2006-A                                    | SLM Private Credit Student Loan Trust 2006-A                                    | CUSIP: 78443CCL6<br>LEI: 549300I2YWZ9E1B0EY33 | Long             | ABS-O            | CORP              | US        |    230902 | PA      | $222566.36    | 0.17%             | 2039-06-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC                   | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC                   | CUSIP: 466330AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    658120 | PA      | $657916.10    | 0.49%             | 2038-04-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2019-G                                | Navient Private Education Refi Loan Trust 2019-G                                | CUSIP: 63941JAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     34956 | PA      | $34126.97     | 0.03%             | 2068-10-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                            | Verizon Master Trust                                                            | CUSIP: 92348KDJ9<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $252076.75    | 0.19%             | 2032-08-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2024-CES1                                       | JP Morgan Mortgage Trust Series 2024-CES1                                       | CUSIP: 46658CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    342452 | PA      | $345104.92    | 0.26%             | 2054-06-25      | Variable      | 5.92%                 | No            |                  2 | On Loan: No      |
| 1988 CLO 2 Ltd                                                                  | 1988 CLO 2 Ltd                                                                  | CUSIP: 653947AJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    300000 | PA      | $299253.30    | 0.22%             | 2038-04-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| AS Mileage Plan IP Ltd                                                          | AS Mileage Plan IP Ltd                                                          | CUSIP: 00218QAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |    400000 | PA      | $402776.25    | 0.30%             | 2029-10-20      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XL-R Ltd                                                   | Madison Park Funding XL-R Ltd                                                   | CUSIP: 55823RAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $250649.50    | 0.19%             | 2038-10-16      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities 2020-5 Trust                             | Wells Fargo Mortgage Backed Securities 2020-5 Trust                             | CUSIP: 95003BAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     68665 | PA      | $64089.63     | 0.05%             | 2050-09-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                        | AT&T Inc                                                                        | CUSIP: 00206RMX7<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    300000 | PA      | $304965.46    | 0.23%             | 2030-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                                    | Enbridge Inc                                                                    | CUSIP: 29250NBW4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    525000 | PA      | $532590.68    | 0.40%             | 2026-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Voya 2012-4 Ltd                                                                 | Voya 2012-4 Ltd                                                                 | CUSIP: 92916GBE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |     41934 | PA      | $41922.71     | 0.03%             | 2030-10-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-10                                                | JP Morgan Mortgage Trust 2023-10                                                | CUSIP: 465986AK3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    131490 | PA      | $131645.53    | 0.10%             | 2054-05-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO 2024-25 Ltd                                                         | Oaktree CLO 2024-25 Ltd                                                         | CUSIP: 67402PAA5<br>LEI: 254900NTZ5OVNC5X7789 | Long             | ABS-O            | CORP              | KY        |    500000 | PA      | $500483.50    | 0.38%             | 2037-04-20      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| 1301 Trust 2025-AOA                                                             | 1301 Trust 2025-AOA                                                             | CUSIP: 682461AA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $101232.87    | 0.08%             | 2042-08-11      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| Markel Group Inc                                                                | Markel Group Inc                                                                | CUSIP: 570535AR5<br>LEI: 549300SCNO12JLWIK605 | Long             | DBT              | CORP              | US        |    209000 | PA      | $207292.47    | 0.16%             | 2027-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AbbVie Inc                                                                      | AbbVie Inc                                                                      | CUSIP: 00287YDS5<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512263.86    | 0.39%             | 2029-03-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                                | United States Treasury Note/Bond                                                | CUSIP: 91282CHW4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $508789.06    | 0.38%             | 2030-08-31      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2021-3                                                   | Sequoia Mortgage Trust 2021-3                                                   | CUSIP: 81748VAD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    315816 | PA      | $284662.25    | 0.21%             | 2051-05-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2024-4                       | GM Financial Consumer Automobile Receivables Trust 2024-4                       | CUSIP: 38014AAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    113648 | PA      | $113769.36    | 0.09%             | 2027-10-18      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| DLLAD 2025-1 LLC                                                                | DLLAD 2025-1 LLC                                                                | CUSIP: 23347BAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201032.58    | 0.15%             | 2028-11-20      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2021-F                                | Navient Private Education Refi Loan Trust 2021-F                                | CUSIP: 63942GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    237276 | PA      | $211536.69    | 0.16%             | 2070-02-18      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127461.23    | 0.10%             | 2028-04-13      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Magnetite XLVII Ltd                                                             | Magnetite XLVII Ltd                                                             | CUSIP: 559916AA9<br>LEI: 529900SMT5EN0CN67W73 | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $250534.00    | 0.19%             | 2038-01-25      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Guardian Life Global Funding                                                    | Guardian Life Global Funding                                                    | CUSIP: 40139LBP7<br>LEI: 635400NHILJ5JEKILC36 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250890.18    | 0.19%             | 2030-12-11      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                                          | Roper Technologies Inc                                                          | CUSIP: 776696AG1<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302831.55    | 0.23%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Alaska Airlines 2020-1 Class A Pass Through Trust                               | Alaska Airlines 2020-1 Class A Pass Through Trust                               | CUSIP: 01166VAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425641 | PA      | $428097.63    | 0.32%             | 2029-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables 2024-D Owner Trust                                      | Toyota Auto Receivables 2024-D Owner Trust                                      | CUSIP: 89239TAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65955 | PA      | $66045.48     | 0.05%             | 2027-08-16      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Navient Refinance Loan Trust 2025-B                                             | Navient Refinance Loan Trust 2025-B                                             | CUSIP: 63943NAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    283182 | PA      | $283397.03    | 0.21%             | 2055-09-15      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                             | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCM0<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    167000 | PA      | $170084.64    | 0.13%             | 2028-02-28      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31402RD55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       294 | PA      | $300.91       | 0.00%             | 2035-02-01      | Floating      | 6.51%                 | No            |                  2 | On Loan: No      |
| ARES Trust 2025-IND3                                                            | ARES Trust 2025-IND3                                                            | CUSIP: 039955AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $300187.38    | 0.23%             | 2042-04-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG/New York NY                                                    | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526DD8<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |    150000 | PA      | $149489.24    | 0.11%             | 2031-12-10      | Variable      | 4.47%                 | No            |                  2 | On Loan: No      |
| Consumer Portfolio Services Auto Trust 2025-B                                   | Consumer Portfolio Services Auto Trust 2025-B                                   | CUSIP: 12630SAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    117954 | PA      | $118260.14    | 0.09%             | 2029-02-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| DBC 2025-DBC Mortgage Trust                                                     | DBC 2025-DBC Mortgage Trust                                                     | CUSIP: 23306HAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $300231.69    | 0.23%             | 2042-11-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Hewlett Packard Enterprise Co                                                   | Hewlett Packard Enterprise Co                                                   | CUSIP: 42824CBS7<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    600000 | PA      | $602891.14    | 0.45%             | 2027-09-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-HE1                                        | JP Morgan Mortgage Trust Series 2025-HE1                                        | CUSIP: 46593PAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    476437 | PA      | $476101.71    | 0.36%             | 2055-07-20      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                                   | Citigroup Inc                                                                   | CUSIP: 17327CAT0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    400000 | PA      | $403180.86    | 0.30%             | 2030-09-19      | Variable      | 4.54%                 | No            |                  2 | On Loan: No      |
| Onemain Direct Auto Receivables Trust 2022-1                                    | Onemain Direct Auto Receivables Trust 2022-1                                    | CUSIP: 68269DAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     64207 | PA      | $64249.86     | 0.05%             | 2029-03-14      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2020-F                                | Navient Private Education Refi Loan Trust 2020-F                                | CUSIP: 63941XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65725 | PA      | $62358.03     | 0.05%             | 2069-07-15      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobile Receivables Trust 2025-1                       | GM Financial Consumer Automobile Receivables Trust 2025-1                       | CUSIP: 362955AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    286912 | PA      | $287292.66    | 0.22%             | 2028-01-18      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2024-HE3                                        | JP Morgan Mortgage Trust Series 2024-HE3                                        | CUSIP: 46658JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    318734 | PA      | $318732.10    | 0.24%             | 2055-02-25      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Cigna Group/The                                                                 | Cigna Group/The                                                                 | CUSIP: 125523CP3<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    208000 | PA      | $206810.58    | 0.16%             | 2026-03-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| American Tower Trust #1                                                         | American Tower Trust #1                                                         | CUSIP: 03027WAM4<br>LEI: 5493004YGM0MQZJOEJ36 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508372.90    | 0.38%             | 2053-03-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2025-HE3                                               | JP Morgan Mortgage Trust 2025-HE3                                               | CUSIP: 46660CAA5<br>LEI: 529900FDW9QWEZPAFE21 | Long             | ABS-O            | CORP              | US        |    388844 | PA      | $388961.73    | 0.29%             | 2056-03-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| BFLD Commercial Mortgage Trust 2025-660F                                        | BFLD Commercial Mortgage Trust 2025-660F                                        | CUSIP: 05556QAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $250702.90    | 0.19%             | 2042-11-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| World Omni Select Auto Trust 2024-A                                             | World Omni Select Auto Trust 2024-A                                             | CUSIP: 98164LAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     34890 | PA      | $34911.54     | 0.03%             | 2028-02-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                            | Royal Bank of Canada                                                            | CUSIP: 78016EZM2<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $599124.71    | 0.45%             | 2026-01-20      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31371L5V7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       663 | PA      | $679.85       | 0.00%             | 2035-01-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust 2025-1                                                   | Chase Auto Owner Trust 2025-1                                                   | CUSIP: 16145NAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    243598 | PA      | $244244.89    | 0.18%             | 2028-07-25      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2004-A3                                                | JP Morgan Mortgage Trust 2004-A3                                                | CUSIP: 466247CV3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2326 | PA      | $2230.32      | 0.00%             | 2034-07-25      | Variable      | 6.45%                 | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software Inc                                               | Take-Two Interactive Software Inc                                               | CUSIP: 874054AM1<br>LEI: BOMSTHHJK882EWYX3334 | Long             | DBT              | CORP              | US        |    200000 | PA      | $206914.08    | 0.16%             | 2029-06-12      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PENN Commercial Mortgage Trust 2025-P11                                         | PENN Commercial Mortgage Trust 2025-P11                                         | CUSIP: 69382VAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $204869.60    | 0.15%             | 2042-08-10      | Variable      | 5.34%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2025-P1                                   | Westlake Automobile Receivables Trust 2025-P1                                   | CUSIP: 96043LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100307.60    | 0.08%             | 2028-02-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| BAE Systems PLC                                                                 | BAE Systems PLC                                                                 | CUSIP: 05523RAJ6<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $411203.16    | 0.31%             | 2029-03-26      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities 2020-3 Trust                             | Wells Fargo Mortgage Backed Securities 2020-3 Trust                             | CUSIP: 95002TAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2176 | PA      | $2161.44      | 0.00%             | 2050-06-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust 2025-1                                 | AmeriCredit Automobile Receivables Trust 2025-1                                 | CUSIP: 03067FAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    230000 | PA      | $230352.91    | 0.17%             | 2029-03-19      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| Ryder System Inc                                                                | Ryder System Inc                                                                | CUSIP: 78355HKS7<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |    400000 | PA      | $393992.04    | 0.30%             | 2026-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables 2024-B Owner Trust                                      | Nissan Auto Receivables 2024-B Owner Trust                                      | CUSIP: 65479WAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    145464 | PA      | $145635.87    | 0.11%             | 2027-06-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Lake Shore MM CLO II Ltd                                                        | Lake Shore MM CLO II Ltd                                                        | CUSIP: 510760AL5<br>LEI: 5493004NSSTVWDFT9W29 | Long             | ABS-O            | CORP              | KY        |    265001 | PA      | $264771.44    | 0.20%             | 2031-10-17      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                                                | Bank of Montreal                                                                | CUSIP: 06368EDC3<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $598834.16    | 0.45%             | 2027-01-22      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| Crown Castle Towers LLC                                                         | Crown Castle Towers LLC                                                         | CUSIP: 22822RBH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $289052.51    | 0.22%             | 2048-07-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust 2021-D                                                | Nelnet Student Loan Trust 2021-D                                                | CUSIP: 64034YAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    182686 | PA      | $174335.74    | 0.13%             | 2062-04-20      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                            | Verizon Master Trust                                                            | CUSIP: 92348KDM2<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $304392.87    | 0.23%             | 2030-11-20      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MED Commercial Mortgage Trust 2024-MOB                                          | MED Commercial Mortgage Trust 2024-MOB                                          | CUSIP: 55287BAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    500000 | PA      | $498138.25    | 0.37%             | 2041-05-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| MHP 2021-STOR                                                                   | MHP 2021-STOR                                                                   | CUSIP: 55293BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    650000 | PA      | $649203.36    | 0.49%             | 2038-07-15      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61747YFU4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303629.27    | 0.23%             | 2030-10-18      | Variable      | 4.65%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2004-S1                                                | JP Morgan Mortgage Trust 2004-S1                                                | CUSIP: 466247ER0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9652 | PA      | $9239.19      | 0.01%             | 2034-09-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust 2019-A-GS                                         | Commonbond Student Loan Trust 2019-A-GS                                         | CUSIP: 20268CAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89134 | PA      | $81885.39     | 0.06%             | 2047-01-25      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                                     | Oracle Corp                                                                     | CUSIP: 68389XCY9<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    350000 | PA      | $351742.53    | 0.26%             | 2028-08-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| PRM5 Trust 2025-PRM5                                                            | PRM5 Trust 2025-PRM5                                                            | CUSIP: 693980AA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $199925.42    | 0.15%             | 2033-03-10      | Variable      | 4.47%                 | No            |                  2 | On Loan: No      |
| NiSource Inc                                                                    | NiSource Inc                                                                    | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153783.28    | 0.12%             | 2028-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                              | Energy Transfer LP                                                              | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    300000 | PA      | $307985.70    | 0.23%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| United States Treasury Note/Bond                                                | United States Treasury Note/Bond                                                | CUSIP: 91282CNP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7500000 | PA      | $7543652.33   | 5.67%             | 2027-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Marvell Technology Inc                                                          | Marvell Technology Inc                                                          | CUSIP: 573874AR5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $202613.10    | 0.15%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust 2023-HE2                                               | JP Morgan Mortgage Trust 2023-HE2                                               | CUSIP: 46657FAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    260178 | PA      | $261166.10    | 0.20%             | 2054-03-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| ELP Commercial Mortgage Trust 2025-ELP                                          | ELP Commercial Mortgage Trust 2025-ELP                                          | CUSIP: 290154AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    100000 | PA      | $99904.36     | 0.08%             | 2042-11-13      | Variable      | 4.60%                 | No            |                  2 | On Loan: No      |
| NTT Finance Corp                                                                | NTT Finance Corp                                                                | CUSIP: 62954WAQ8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $202660.02    | 0.15%             | 2028-07-16      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Public Service Enterprise Group Inc                                             | Public Service Enterprise Group Inc                                             | CUSIP: 744573BA3<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102255.30    | 0.08%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| TEXAS Commercial Mortgage Trust 2025-TWR                                        | TEXAS Commercial Mortgage Trust 2025-TWR                                        | CUSIP: 88231WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200253.30    | 0.15%             | 2042-04-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| GreatAmerica Leasing Receivables Funding LLC Series 2024-1                      | GreatAmerica Leasing Receivables Funding LLC Series 2024-1                      | CUSIP: 39154TCH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     47425 | PA      | $47469.60     | 0.04%             | 2026-08-17      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                                                  | Eli Lilly & Co                                                                  | CUSIP: 532457CV8<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102827.98    | 0.08%             | 2030-02-12      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PEE2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    300000 | PA      | $305967.76    | 0.23%             | 2028-04-22      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                                                     | Oracle Corp                                                                     | CUSIP: 68389XCS2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    400000 | PA      | $392022.58    | 0.29%             | 2029-09-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| BX Trust 2025-TAIL                                                              | BX Trust 2025-TAIL                                                              | CUSIP: 123912AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $299999.97    | 0.23%             | 2035-06-15      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| PSMC 2021-3 Trust                                                               | PSMC 2021-3 Trust                                                               | CUSIP: 69376DAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    599690 | PA      | $544798.21    | 0.41%             | 2051-08-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-AIRC                                          | BX Commercial Mortgage Trust 2024-AIRC                                          | CUSIP: 12433CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    468098 | PA      | $468970.53    | 0.35%             | 2041-08-15      | Floating      | 5.44%                 | No            |                  2 | On Loan: No      |
| PFS Financing Corp                                                              | PFS Financing Corp                                                              | CUSIP: 69335PFE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    650000 | PA      | $656769.04    | 0.49%             | 2029-02-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Chase Home Lending Mortgage Trust Series 2024-2                                 | Chase Home Lending Mortgage Trust Series 2024-2                                 | CUSIP: 161929AH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    238098 | PA      | $240607.77    | 0.18%             | 2055-02-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Trust 2025-C                                        | World Omni Auto Receivables Trust 2025-C                                        | CUSIP: 981936AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200382.30    | 0.15%             | 2028-10-16      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| Novartis Capital Corp                                                           | Novartis Capital Corp                                                           | CUSIP: 66989HAX6<br>LEI: 5493002KF87V5RSRQS84 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250813.75    | 0.19%             | 2028-11-05      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Securities 2020-4 Trust                             | Wells Fargo Mortgage Backed Securities 2020-4 Trust                             | CUSIP: 95002VAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    191394 | PA      | $167744.58    | 0.13%             | 2050-07-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Shell Finance US Inc                                                            | Shell Finance US Inc                                                            | CUSIP: 822905AN5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $249967.33    | 0.19%             | 2030-11-06      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc                                                      | Advanced Micro Devices Inc                                                      | CUSIP: 007903BH9<br>LEI: R2I72C950HOYXII45366 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200682.09    | 0.15%             | 2026-09-24      | Fixed         | 4.21%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2025-2                                    | Westlake Automobile Receivables Trust 2025-2                                    | CUSIP: 96041KAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100314.69    | 0.08%             | 2028-09-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBR5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    200000 | PA      | $199387.57    | 0.15%             | 2030-11-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| EDvestinU Private Education Loan Issue No 3 LLC                                 | EDvestinU Private Education Loan Issue No 3 LLC                                 | CUSIP: 28166LAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     93797 | PA      | $88052.12     | 0.07%             | 2045-11-25      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                                                    | New York Life Global Funding                                                    | CUSIP: 64952WFK4<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203140.78    | 0.15%             | 2029-12-05      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                                                       | ONEOK Inc                                                                       | CUSIP: 682680CC5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301004.25    | 0.23%             | 2029-10-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group Inc/The                                            | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CB9<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258669.34    | 0.19%             | 2031-01-29      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| MVW 2024-2 LLC                                                                  | MVW 2024-2 LLC                                                                  | CUSIP: 55389QAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    349891 | PA      | $350497.34    | 0.26%             | 2042-03-20      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                                                    | Broadcom Inc                                                                    | CUSIP: 11135FBX8<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |    350000 | PA      | $360352.06    | 0.27%             | 2029-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31374F5S4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |        45 | PA      | $44.69        | 0.00%             | 2035-11-01      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Columbia Pipelines Holding Co LLC                                               | Columbia Pipelines Holding Co LLC                                               | CUSIP: 19828AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    525000 | PA      | $545595.13    | 0.41%             | 2028-08-15      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| CPS Auto Receivables Trust 2024-C                                               | CPS Auto Receivables Trust 2024-C                                               | CUSIP: 223920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     22914 | PA      | $22940.79     | 0.02%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CPS Auto Receivables Trust 2024-D                                               | CPS Auto Receivables Trust 2024-D                                               | CUSIP: 22411JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     64833 | PA      | $64906.25     | 0.05%             | 2028-06-15      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Ingersoll Rand Inc                                                              | Ingersoll Rand Inc                                                              | CUSIP: 45687VAC0<br>LEI: 5299004C02FMZCUOIR50 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203172.83    | 0.15%             | 2027-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                                     | Citibank NA                                                                     | CUSIP: 17325FBL1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251800.97    | 0.19%             | 2027-11-19      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivables Trust 2025-3                                    | Westlake Automobile Receivables Trust 2025-3                                    | CUSIP: 96043QAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $250286.63    | 0.19%             | 2028-04-17      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Morgan Stanley                                                                  | CUSIP: 61748UAE2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    300000 | PA      | $309446.17    | 0.23%             | 2031-01-15      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| Apple Inc                                                                       | Apple Inc                                                                       | CUSIP: 037833EY2<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    300000 | PA      | $302514.83    | 0.23%             | 2028-05-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OGE Energy Corp                                                                 | OGE Energy Corp                                                                 | CUSIP: 670837AD5<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | DBT              | CORP              | US        |    400000 | PA      | $414282.76    | 0.31%             | 2029-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Bank of Nova Scotia/The                                                         | Bank of Nova Scotia/The                                                         | CUSIP: 06418GAL1<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |    400000 | PA      | $402046.95    | 0.30%             | 2028-09-08      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| PHH Mortgage Trust Series 2008-CIM1                                             | PHH Mortgage Trust Series 2008-CIM1                                             | CUSIP: 69337LAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     26327 | PA      | $24278.74     | 0.02%             | 2038-06-25      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                                          | Diamondback Energy Inc                                                          | CUSIP: 25278XAY5<br>LEI: 549300R22LSX6OHWEN64 | Long             | DBT              | CORP              | US        |    350000 | PA      | $359998.31    | 0.27%             | 2030-01-30      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| BX Trust 2025-VOLT                                                              | BX Trust 2025-VOLT                                                              | CUSIP: 05619PAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $400248.80    | 0.30%             | 2044-12-15      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust 2021-A                                                | Nelnet Student Loan Trust 2021-A                                                | CUSIP: 64035DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    290166 | PA      | $274530.12    | 0.21%             | 2062-04-20      | Fixed         | 1.36%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                                   | Citigroup Inc                                                                   | CUSIP: 17327CAM5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    900000 | PA      | $897944.68    | 0.68%             | 2027-01-28      | Variable      | 1.12%                 | No            |                  2 | On Loan: No      |
| Commonbond Student Loan Trust 2020-A-GS                                         | Commonbond Student Loan Trust 2020-A-GS                                         | CUSIP: 20267WAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    173214 | PA      | $155972.61    | 0.12%             | 2050-08-25      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                            | Verizon Master Trust                                                            | CUSIP: 92348KBG7<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $700146.37    | 0.53%             | 2029-01-22      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                                                                 | Xcel Energy Inc                                                                 | CUSIP: 98388MAB3<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243264.83    | 0.18%             | 2027-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $516322.95    | 0.39%             | 2031-01-28      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp                                               | Dell International LLC / EMC Corp                                               | CUSIP: 24703TAL0<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101424.31    | 0.08%             | 2028-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BX Trust 2021-BXMF                                                              | BX Trust 2021-BXMF                                                              | CUSIP: 05609RAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    268585 | PA      | $268182.00    | 0.20%             | 2026-10-15      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                                                       | ONEOK Inc                                                                       | CUSIP: 682680CB7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    500000 | PA      | $501644.00    | 0.38%             | 2027-09-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2021-B                                         | SMB Private Education Loan Trust 2021-B                                         | CUSIP: 78449YAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    183843 | PA      | $174136.09    | 0.13%             | 2051-07-17      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                                                   | Citigroup Inc                                                                   | CUSIP: 172967PF2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    400000 | PA      | $410460.48    | 0.31%             | 2030-02-13      | Variable      | 5.17%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank/The                                                       | Toronto-Dominion Bank/The                                                       | CUSIP: 89114QCP1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |    600000 | PA      | $599798.27    | 0.45%             | 2026-01-06      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables 2025-B Owner Trust                                      | Nissan Auto Receivables 2025-B Owner Trust                                      | CUSIP: 65490DAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $500905.95    | 0.38%             | 2028-07-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Loan Extended Note Trust 2023-1                                     | Toyota Auto Loan Extended Note Trust 2023-1                                     | CUSIP: 89231WAA1<br>LEI: 5493000KI9FC40RVHF71 | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $409249.56    | 0.31%             | 2036-06-25      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| ALA Trust 2025-OANA                                                             | ALA Trust 2025-OANA                                                             | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200749.64    | 0.15%             | 2040-06-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2025-1                           | Morgan Stanley Residential Mortgage Loan Trust 2025-1                           | CUSIP: 617944AF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    152901 | PA      | $153565.81    | 0.12%             | 2055-03-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Dewolf Park CLO Ltd                                                             | Dewolf Park CLO Ltd                                                             | CUSIP: 25211AAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    184331 | PA      | $184277.91    | 0.14%             | 2030-10-15      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| Trafigura Securitisation Finance PLC                                            | Trafigura Securitisation Finance PLC                                            | CUSIP: 892725AX0<br>LEI: 549300CH6S10UEZXWN56 | Long             | ABS-O            | CORP              | IE        |    750000 | PA      | $758953.50    | 0.57%             | 2027-11-15      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Trust 2021-D                                         | SMB Private Education Loan Trust 2021-D                                         | CUSIP: 78449MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    329977 | PA      | $312455.10    | 0.23%             | 2053-03-17      | Fixed         | 1.34%                 | No            |                  2 | On Loan: No      |
| 720 East CLO V Ltd                                                              | 720 East CLO V Ltd                                                              | CUSIP: 81789MAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $250263.25    | 0.19%             | 2037-07-20      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| NRG Energy Inc                                                                  | NRG Energy Inc                                                                  | CUSIP: 629377DA7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150190.05    | 0.11%             | 2030-10-15      | Fixed         | 4.73%                 | No            |                  2 | On Loan: No      |
| Sequoia Mortgage Trust 2024-2                                                   | Sequoia Mortgage Trust 2024-2                                                   | CUSIP: 81749HAJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     63335 | PA      | $63427.89     | 0.05%             | 2054-03-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                                                        | Mars Inc                                                                        | CUSIP: 571676AX3<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202740.08    | 0.15%             | 2028-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Societe Generale SA                                                             | Societe Generale SA                                                             | CUSIP: 83368RCG5<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $206143.96    | 0.15%             | 2031-05-22      | Variable      | 5.51%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                              | Canadian Imperial Bank of Commerce                                              | CUSIP: 13607LWV1<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    160000 | PA      | $168035.45    | 0.13%             | 2028-10-03      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| KRE Commercial Mortgage Trust 2025-AIP4                                         | KRE Commercial Mortgage Trust 2025-AIP4                                         | CUSIP: 50077KAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    400000 | PA      | $399500.44    | 0.30%             | 2042-03-15      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc                                                           | Texas Instruments Inc                                                           | CUSIP: 882508CG7<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510787.21    | 0.38%             | 2029-02-08      | Fixed         | 4.60%                 | No            |                  2 | On Loan: —       |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31391TU55<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |      1533 | PA      | $1569.36      | 0.00%             | 2032-12-01      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2024-GPA3                                          | BX Commercial Mortgage Trust 2024-GPA3                                          | CUSIP: 123910AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    160532 | PA      | $160531.73    | 0.12%             | 2039-12-15      | Floating      | 5.04%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                                                  | Eli Lilly & Co                                                                  | CUSIP: 532457CK2<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $509429.74    | 0.38%             | 2029-02-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group Inc/The                                                     | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    400000 | PA      | $417888.76    | 0.31%             | 2030-04-25      | Variable      | 5.73%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp                                                            | Lockheed Martin Corp                                                            | CUSIP: 539830CC1<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |    650000 | PA      | $660140.13    | 0.50%             | 2029-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Enbridge Inc                                                                    | Enbridge Inc                                                                    | CUSIP: 29250NCB9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $154627.60    | 0.12%             | 2029-04-05      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Westlake Corp                                                                   | Westlake Corp                                                                   | CUSIP: 960413AT9<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | DBT              | CORP              | US        |    268000 | PA      | $266987.17    | 0.20%             | 2026-08-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| CF Hippolyta Issuer LLC                                                         | CF Hippolyta Issuer LLC                                                         | CUSIP: 12530MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    444420 | PA      | $373928.26    | 0.28%             | 2060-07-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group Inc                                                      | Mizuho Financial Group Inc                                                      | CUSIP: 60687YDL0<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $202582.26    | 0.15%             | 2031-07-08      | Variable      | 4.71%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                                            | Royal Bank of Canada                                                            | CUSIP: 78017DAM0<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $202571.30    | 0.15%             | 2031-08-06      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                                             | NextEra Energy Capital Holdings Inc                                             | CUSIP: 65339KCT5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    300000 | PA      | $307453.86    | 0.23%             | 2029-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| 37 Capital CLO II                                                               | 37 Capital CLO II                                                               | CUSIP: 88429PAU6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |    300000 | PA      | $299979.00    | 0.23%             | 2034-07-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc                                                               | EOG Resources Inc                                                               | CUSIP: 26875PAX9<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151676.96    | 0.11%             | 2028-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| LBA Trust 2024-7IND                                                             | LBA Trust 2024-7IND                                                             | CUSIP: 52109XAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    227457 | PA      | $227597.35    | 0.17%             | 2041-10-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Gm Financial Consumer Automobile Receivables Trust 2025-3                       | Gm Financial Consumer Automobile Receivables Trust 2025-3                       | CUSIP: 379957AB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200504.44    | 0.15%             | 2028-06-16      | Fixed         | 4.32%                 | No            |                  2 | On Loan: No      |
| CCG Receivables Trust 2025-2                                                    | CCG Receivables Trust 2025-2                                                    | CUSIP: 12516XAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    163396 | PA      | $163511.41    | 0.12%             | 2026-10-14      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Cisco Systems Inc                                                               | Cisco Systems Inc                                                               | CUSIP: 17275RBR2<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513205.82    | 0.39%             | 2029-02-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CNH Equipment Trust 2024-B                                                      | CNH Equipment Trust 2024-B                                                      | CUSIP: 18978JAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     33882 | PA      | $33924.33     | 0.03%             | 2027-10-15      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| BX Trust 2025-DIME                                                              | BX Trust 2025-DIME                                                              | CUSIP: 05613UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $349125.60    | 0.26%             | 2035-02-15      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp                                                           | Truist Financial Corp                                                           | CUSIP: 89788MAD4<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    348000 | PA      | $346247.80    | 0.26%             | 2027-03-02      | Variable      | 1.27%                 | No            |                  2 | On Loan: No      |
| Bank of Ireland Group PLC                                                       | Bank of Ireland Group PLC                                                       | CUSIP: 06279JAD1<br>LEI: 635400C8EK6DRI12LJ39 | Long             | DBT              | CORP              | IE        |    500000 | PA      | $519298.09    | 0.39%             | 2030-03-20      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| Truist Financial Corp                                                           | Truist Financial Corp                                                           | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |    300000 | PA      | $323633.09    | 0.24%             | 2029-10-30      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                                                                       | ONEOK Inc                                                                       | CUSIP: 682680BH5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303230.28    | 0.23%             | 2026-11-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| BofA Auto Trust 2025-1                                                          | BofA Auto Trust 2025-1                                                          | CUSIP: 05594BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    164636 | PA      | $164921.41    | 0.12%             | 2027-11-22      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| Wisconsin Public Service Corp                                                   | Wisconsin Public Service Corp                                                   | CUSIP: 976843BQ4<br>LEI: 549300BJRHJVYNUMQZ30 | Long             | DBT              | CORP              | US        |    125000 | PA      | $127253.46    | 0.10%             | 2029-12-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC / Charter Communications Operating Capital | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $521839.48    | 0.39%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Navient Education Loan Trust 2025-A                                             | Navient Education Loan Trust 2025-A                                             | CUSIP: 63943EAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89272 | PA      | $90234.62     | 0.07%             | 2055-07-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| N/A                                                                             | Futures                                                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |         2 | NC      | $761.68       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SREIT Trust 2021-MFP                                                            | SREIT Trust 2021-MFP                                                            | CUSIP: 78472UAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    503305 | PA      | $502994.58    | 0.38%             | 2038-11-15      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| Bunge Ltd Finance Corp                                                          | Bunge Ltd Finance Corp                                                          | CUSIP: 120568BD1<br>LEI: 549300QHC068L40NNM71 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250582.58    | 0.19%             | 2028-01-07      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| AB BSL CLO 4 Ltd                                                                | AB BSL CLO 4 Ltd                                                                | CUSIP: 00037VAJ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | JE        |    250000 | PA      | $250301.50    | 0.19%             | 2038-04-20      | Floating      | 5.18%                 | No            |                  2 | On Loan: No      |
| Astrazeneca Finance LLC                                                         | Astrazeneca Finance LLC                                                         | CUSIP: 04636NAL7<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    400000 | PA      | $410686.07    | 0.31%             | 2029-02-26      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| US Bancorp                                                                      | US Bancorp                                                                      | CUSIP: 91159HJQ4<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |    175000 | PA      | $181245.12    | 0.14%             | 2030-01-23      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Residential Mortgage Loan Trust 2020-1                           | Morgan Stanley Residential Mortgage Loan Trust 2020-1                           | CUSIP: 61771QBE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    112227 | PA      | $103193.24    | 0.08%             | 2050-12-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2022-A                                | Navient Private Education Refi Loan Trust 2022-A                                | CUSIP: 63942MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    140500 | PA      | $128708.87    | 0.10%             | 2070-07-15      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp                                        | Westinghouse Air Brake Technologies Corp                                        | CUSIP: 960386AS9<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |    100000 | PA      | $102317.85    | 0.08%             | 2030-05-29      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                                              | Energy Transfer LP                                                              | CUSIP: 292480AK6<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    250000 | PA      | $250774.57    | 0.19%             | 2027-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust Series 2025-CES2                                       | JP Morgan Mortgage Trust Series 2025-CES2                                       | CUSIP: 46595TAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    226661 | PA      | $228430.77    | 0.17%             | 2055-06-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                                                             | JPMorgan Chase & Co                                                             | CUSIP: 46647PBW5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $698060.76    | 0.52%             | 2027-02-04      | Variable      | 1.04%                 | No            |                  2 | On Loan: No      |
| Navient Private Education Refi Loan Trust 2021-C                                | Navient Private Education Refi Loan Trust 2021-C                                | CUSIP: 63942JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     79403 | PA      | $72813.62     | 0.05%             | 2069-10-15      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                                              | Canadian Imperial Bank of Commerce                                              | CUSIP: 13607LWT6<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $304473.77    | 0.23%             | 2026-10-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Fortis Inc/Canada                                                               | Fortis Inc/Canada                                                               | CUSIP: 349553AM9<br>LEI: 549300MQYQ9Y065XPR71 | Long             | DBT              | CORP              | CA        |    656000 | PA      | $650579.65    | 0.49%             | 2026-10-04      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| PacifiCorp                                                                      | PacifiCorp                                                                      | CUSIP: 695114DB1<br>LEI: SGY07Y7FNYBNLM6Z1M11 | Long             | DBT              | CORP              | US        |    450000 | PA      | $459208.42    | 0.35%             | 2029-02-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| RTX Corp                                                                        | RTX Corp                                                                        | CUSIP: 75513ECT6<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    375000 | PA      | $380110.52    | 0.29%             | 2026-11-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Mars Inc                                                                        | Mars Inc                                                                        | CUSIP: 571676AY1<br>LEI: 54930073HKEO6GZBSS03 | Long             | DBT              | CORP              | US        |    300000 | PA      | $306588.79    | 0.23%             | 2030-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Trust 2025-2                                                        | T-Mobile US Trust 2025-2                                                        | CUSIP: 87268MAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $201787.50    | 0.15%             | 2030-04-22      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| BFLD Commercial Mortgage Trust 2024-UNIV                                        | BFLD Commercial Mortgage Trust 2024-UNIV                                        | CUSIP: 08861RAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $300187.29    | 0.23%             | 2041-11-15      | Floating      | 5.24%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Inc                                                               | Kinder Morgan Inc                                                               | CUSIP: 49456BAZ4<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205658.65    | 0.15%             | 2029-08-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| GSAT Trust 2025-BMF                                                             | GSAT Trust 2025-BMF                                                             | CUSIP: 36271XAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    200000 | PA      | $200249.94    | 0.15%             | 2040-07-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae Pool                                                                 | Fannie Mae Pool                                                                 | CUSIP: 31391KNS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGA              | US        |       315 | PA      | $323.38       | 0.00%             | 2032-11-01      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| SLM Private Credit Student Loan Trust 2006-B                                    | SLM Private Credit Student Loan Trust 2006-B                                    | CUSIP: 78443CCY8<br>LEI: 549300MJYMBTZU2FTV38 | Long             | ABS-O            | CORP              | US        |     89174 | PA      | $86650.52     | 0.07%             | 2039-12-15      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| World Omni Select Auto Trust 2025-A                                             | World Omni Select Auto Trust 2025-A                                             | CUSIP: 98164UAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $200386.64    | 0.15%             | 2030-05-15      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Signal Peak CLO 11 Ltd                                                          | Signal Peak CLO 11 Ltd                                                          | CUSIP: 82666XAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | KY        |    250000 | PA      | $250633.00    | 0.19%             | 2037-07-18      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Nelnet Student Loan Trust 2021-C                                                | Nelnet Student Loan Trust 2021-C                                                | CUSIP: 64035GAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     93689 | PA      | $87992.61     | 0.07%             | 2062-04-20      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| HCA Inc                                                                         | HCA Inc                                                                         | CUSIP: 404119BW8<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156314.69    | 0.12%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Republic Services Inc                                                           | Republic Services Inc                                                           | CUSIP: 760759BL3<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |    300000 | PA      | $306875.81    | 0.23%             | 2030-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** Principal Variable Contract Funds, Inc

**Signature:** Megan Hoffmann

**Name of Signer:** /s/ Megan Hoffmann

**Title:** Vice President and Treasurer