# EDGAR Filing Document

**Accession Number:** 0000789281
**File Stem:** 0000789281-26-000018
**Filing Date:** 2026-3
**Character Count:** 297673
**Document Hash:** 5150822e4bacecdfa040a7b12a1671b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000789281-26-000018.hdr.sgml**: 20260323

**ACCESSION NUMBER**: 0000789281-26-000018

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260323

**DATE AS OF CHANGE**: 20260323

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Federated Hermes Income Securities Trust
- **CENTRAL INDEX KEY:** 0000789281

**ORGANIZATION NAME:**
- **EIN:** 251412886
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04577
- **FILM NUMBER:** 26780311

**BUSINESS ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561
- **BUSINESS PHONE:** 8003417400

**MAIL ADDRESS:**
- **STREET 1:** 4000 ERICSSON DRIVE
- **CITY:** WARRENDALE
- **STATE:** PA
- **ZIP:** 15086-7561

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED INCOME SECURITIES TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FEDERATED FLOATING RATE TRUST
- **DATE OF NAME CHANGE:** 19920205

## Series and Classes Contracts Data

### Federated Hermes Short-Term Income Fund (Series ID: S000009077)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000024660 | Class A Shares       | FTIAX           |
| C000024661 | Institutional Shares | FSTYX           |
| C000024662 | Service Shares       | FSTIX           |
| C000176845 | Class R6 Shares      | FSILX           |

## Nport-Ex

Federated Hermes Short-Term Income Fund

Portfolio of Investments

January 31, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Principal** <br>**Amount** <br>**or Shares**<br>|  | **Value** |
|  | ASSET-BACKED SECURITIES—43.0% |  |
|  | **Auto Receivables—29.5%** |  |
| $2143000 | Ally Auto Receivables Trust 2023-1, Class C, 5.960%, 3/15/2029 | &nbsp;&nbsp; $2180173 |
| &nbsp;&nbsp; 1500000 | Ally Auto Receivables Trust 2023-1, Class D, 6.740%, 4/15/2034 | &nbsp;&nbsp; 1528570 |
| &nbsp;&nbsp; 5102500 | Ally Auto Receivables Trust 2023-A, Class D, 7.330%, 1/17/2034 | &nbsp;&nbsp; 5168886 |
| &nbsp;&nbsp; 1575000 | Ally Auto Receivables Trust 2024-1, Class C, 5.410%, 11/15/2029 | &nbsp;&nbsp; 1591951 |
| &nbsp;&nbsp; 2000000 | Ally Auto Receivables Trust 2024-1, Class D, 5.800%, 2/16/2032 | &nbsp;&nbsp; 2021399 |
| &nbsp;&nbsp; 1001163 | Ally Bank Auto Credit-Linked N 2024-B, Class D, 5.410%, 9/15/2032 | &nbsp;&nbsp; 1009019 |
| &nbsp;&nbsp; 1334883 | Ally Bank Auto Credit-Linked N 2024-B, Class E, 6.678%, 9/15/2032 | &nbsp;&nbsp; 1348476 |
| &nbsp;&nbsp; 453288 | Ally Bank Auto Credit-Linked Notes 2024-A, Class C, 6.022%, 5/17/2032 | &nbsp;&nbsp; 461712 |
| &nbsp;&nbsp; 453288 | Ally Bank Auto Credit-Linked Notes 2024-A, Class D, 6.315%, 5/17/2032 | &nbsp;&nbsp; 460449 |
| &nbsp;&nbsp; 1196746 | Ally Bank Auto Credit-Linked Notes 2025-A, Class D, 4.991%, 6/15/2033 | &nbsp;&nbsp; 1201386 |
| &nbsp;&nbsp; 5385357 | Ally Bank Auto Credit-Linked Notes 2025-A, Class E, 6.066%, 6/15/2033 | &nbsp;&nbsp; 5413960 |
| &nbsp;&nbsp; 2416203 | Ally Bank Auto Credit-Linked Notes 2025-B, Class D, 4.942%, 9/15/2033 | &nbsp;&nbsp; 2421292 |
| &nbsp;&nbsp; 1968758 | Ally Bank Auto Credit-Linked Notes 2025-B, Class E, 6.164%, 9/15/2033 | &nbsp;&nbsp; 1972747 |
| &nbsp;&nbsp; 3635000 | AmeriCredit Automobile Receivables Trust 2022-2, Class C, 5.320%, 4/18/2028 | &nbsp;&nbsp; 3654578 |
| &nbsp;&nbsp; 5500000 | AmeriCredit Automobile Receivables Trust 2023-2, Class C, 6.000%, 7/18/2029 | &nbsp;&nbsp; 5626762 |
| &nbsp;&nbsp; 6000000 | AmeriCredit Automobile Receivables Trust 2025-1, Class B, 4.210%, 10/18/2030 | &nbsp;&nbsp; 6025188 |
| &nbsp;&nbsp; 1133736 | ARI Fleet Lease Trust 2024-A, Class A2, 5.300%, 11/15/2032 | &nbsp;&nbsp; 1140647 |
| &nbsp;&nbsp; 1625000 | ARI Fleet Lease Trust 2024-A, Class C, 5.380%, 11/15/2032 | &nbsp;&nbsp; 1646434 |
| &nbsp;&nbsp; 2750000 | ARI Fleet Lease Trust 2024-B, Class B, 5.390%, 4/15/2033 | &nbsp;&nbsp; 2795871 |
| &nbsp;&nbsp; 2990000 | ARI Fleet Lease Trust 2024-B, Class C, 5.550%, 4/15/2033 | &nbsp;&nbsp; 3039929 |
| &nbsp;&nbsp; 1200000 | ARI Fleet Lease Trust 2025-A, Class B, 4.700%, 1/17/2034 | &nbsp;&nbsp; 1213332 |
| &nbsp;&nbsp; 1050000 | ARI Fleet Lease Trust 2025-A, Class C, 4.900%, 1/17/2034 | &nbsp;&nbsp; 1061721 |
| &nbsp;&nbsp; 475000 | ARI Fleet Lease Trust 2026-A, Class B, 4.380%, 11/15/2034 | &nbsp;&nbsp; 475951 |
| &nbsp;&nbsp; 550000 | ARI Fleet Lease Trust 2026-A, Class C, 4.610%, 11/15/2034 | &nbsp;&nbsp; 550837 |
| &nbsp;&nbsp; 2760000 | BMW Vehicle Lease Trust 2024-2, Class A4, 4.210%, 2/25/2028 | &nbsp;&nbsp; 2774354 |
| &nbsp;&nbsp; 1850000 | Bof Ursa Funding 2024-SN1A, Class C, 5.830%, 12/15/2028 | &nbsp;&nbsp; 1873593 |
| &nbsp;&nbsp; 2350000 | Bof Ursa Funding 2024-SN1A, Class D, 6.360%, 7/16/2029 | &nbsp;&nbsp; 2400025 |
| &nbsp;&nbsp; 7250000 | CarMax Auto Owner Trust 2022-1, Class C, 2.200%, 11/15/2027 | &nbsp;&nbsp; 7216419 |
| &nbsp;&nbsp; 6000000 | CarMax Auto Owner Trust 2022-1, Class D, 2.470%, 7/17/2028 | &nbsp;&nbsp; 5974901 |
| &nbsp;&nbsp; 2000000 | CarMax Auto Owner Trust 2024-1, Class B, 5.170%, 8/15/2029 | &nbsp;&nbsp; 2034875 |
| &nbsp;&nbsp; 1000000 | CarMax Auto Owner Trust 2024-1, Class C, 5.470%, 8/15/2029 | &nbsp;&nbsp; 1021553 |
| &nbsp;&nbsp; 1000000 | CarMax Auto Owner Trust 2024-1, Class D, 6.000%, 7/15/2030 | &nbsp;&nbsp; 1023411 |
| &nbsp;&nbsp; 4000000 | CarMax Auto Owner Trust 2024-2, Class D, 6.420%, 10/15/2030 | &nbsp;&nbsp; 4137559 |
| &nbsp;&nbsp; 3500000 | CarMax Auto Owner Trust 2024-4, Class A3, 4.600%, 10/15/2029 | &nbsp;&nbsp; 3537412 |
| &nbsp;&nbsp; 1000000 | CarMax Auto Owner Trust 2024-4, Class D, 5.360%, 8/15/2031 | &nbsp;&nbsp; 1021580 |
| &nbsp;&nbsp; 1420000 | CarMax Auto Owner Trust 2025-1, Class B, 5.110%, 9/16/2030 | &nbsp;&nbsp; 1452154 |
| &nbsp;&nbsp; 1530000 | CarMax Auto Owner Trust 2025-1, Class C, 5.260%, 10/15/2030 | &nbsp;&nbsp; 1570064 |
| &nbsp;&nbsp; 1585000 | CarMax Auto Owner Trust 2025-1, Class D, 5.600%, 7/15/2031 | &nbsp;&nbsp; 1603183 |
| &nbsp;&nbsp; 1000000 | CarMax Auto Owner Trust 2025-3, Class C, 4.880%, 4/15/2031 | &nbsp;&nbsp; 1017941 |
| &nbsp;&nbsp; 1050000 | CarMax Auto Owner Trust 2025-3, Class D, 5.220%, 5/17/2032 | &nbsp;&nbsp; 1062896 |
| &nbsp;&nbsp; 1280000 | CarMax Auto Owner Trust 2026-1, Class B, 4.300%, 3/15/2032 | &nbsp;&nbsp; 1287830 |
| &nbsp;&nbsp; 1000000 | CarMax Auto Owner Trust 2026-1, Class D, 4.930%, 1/18/2033 | &nbsp;&nbsp; 1004106 |
| &nbsp;&nbsp; 1000000 | CarMax Auto Owner Trust 2026-C, Class C, 4.540%, 3/15/2032 | &nbsp;&nbsp; 1003738 |
| &nbsp;&nbsp; 1063243 | Chase Auto Credit Linked Notes 2025-1, Class C, 4.851%, 2/25/2033 | &nbsp;&nbsp; 1070698 |
| &nbsp;&nbsp; 801460 | Chase Auto Credit Linked Notes 2025-1, Class D, 5.047%, 2/25/2033 | &nbsp;&nbsp; 807667 |

---

**1**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | ASSET-BACKED SECURITIES—continued |  |
|  | **Auto Receivables—continued** |  |
| $7000000 | Chase Auto Owner Trust 2024-2A, Class D, 6.150%, 8/25/2031 | &nbsp;&nbsp; $7176562 |
| &nbsp;&nbsp; 3560000 | Chase Auto Owner Trust 2024-4A, Class D, 5.790%, 11/25/2031 | &nbsp;&nbsp; 3598194 |
| &nbsp;&nbsp; 2850000 | Chase Auto Owner Trust 2024-5A, Class D, 4.970%, 1/26/2032 | &nbsp;&nbsp; 2850186 |
| &nbsp;&nbsp; 1000000 | Chase Auto Owner Trust 2025-2A, Class C, 4.530%, 4/25/2031 | &nbsp;&nbsp; 999378 |
| &nbsp;&nbsp; 2000000 | Chase Auto Owner Trust 2025-2A, Class D, 5.030%, 2/25/2033 | &nbsp;&nbsp; 1999337 |
| &nbsp;&nbsp; 1250000 | Chesapeake Funding II LLC 2023-1A, Class B, 5.590%, 5/15/2035 | &nbsp;&nbsp; 1256235 |
| &nbsp;&nbsp; 1000000 | Chesapeake Funding II LLC 2023-1A, Class C, 6.070%, 5/15/2035 | &nbsp;&nbsp; 1002030 |
| &nbsp;&nbsp; 2000000 | Chesapeake Funding II LLC 2023-1A, Class D, 6.690%, 5/15/2035 | &nbsp;&nbsp; 2002827 |
| &nbsp;&nbsp; 1350000 | Chesapeake Funding II LLC 2023-2A, Class B, 5.970%, 10/15/2035 | &nbsp;&nbsp; 1370251 |
| &nbsp;&nbsp; 2000000 | Chesapeake Funding II LLC 2023-2A, Class C, 6.150%, 10/15/2035 | &nbsp;&nbsp; 2031435 |
| &nbsp;&nbsp; 1000000 | Chesapeake Funding II LLC 2024-1A, Class B, 5.440%, 5/15/2036 | &nbsp;&nbsp; 1008071 |
| &nbsp;&nbsp; 1300000 | Chesapeake Funding II LLC 2024-1A, Class C, 5.600%, 5/15/2036 | &nbsp;&nbsp; 1316565 |
| &nbsp;&nbsp; 7000000 | Drive Auto Receivables Trust 2024-1, Class C, 5.430%, 11/17/2031 | &nbsp;&nbsp; 7086209 |
| &nbsp;&nbsp; 5000000 | Drive Auto Receivables Trust 2024-2, Class D, 4.940%, 5/17/2032 | &nbsp;&nbsp; 5043719 |
| &nbsp;&nbsp; 3500000 | Drive Auto Receivables Trust 2025-1, Class D, 5.410%, 9/15/2032 | &nbsp;&nbsp; 3560328 |
| &nbsp;&nbsp; 5500000 | Drive Auto Receivables Trust 2025-2, Class D, 4.900%, 12/15/2032 | &nbsp;&nbsp; 5505846 |
| &nbsp;&nbsp; 106252 | Enterprise Fleet Financing LLC 2022-4, Class A2, 5.760%, 10/22/2029 | &nbsp;&nbsp; 106553 |
| &nbsp;&nbsp; 120540 | Enterprise Fleet Financing LLC 2023-1, Class A2, 5.510%, 1/22/2029 | &nbsp;&nbsp; 120680 |
| &nbsp;&nbsp; 4500000 | Enterprise Fleet Financing LLC 2023-2, Class A3, 5.500%, 4/22/2030 | &nbsp;&nbsp; 4571356 |
| &nbsp;&nbsp; 3275904 | Enterprise Fleet Financing LLC 2023-3, Class A2, 6.400%, 3/20/2030 | &nbsp;&nbsp; 3315420 |
| &nbsp;&nbsp; 5650000 | Enterprise Fleet Financing LLC 2024-1, Class A3, 5.160%, 9/20/2030 | &nbsp;&nbsp; 5753696 |
| &nbsp;&nbsp; 3750000 | Enterprise Fleet Financing LLC 2024-2, Class A4, 5.690%, 12/20/2030 | &nbsp;&nbsp; 3868023 |
| &nbsp;&nbsp; 3250000 | Enterprise Fleet Financing LLC 2024-3, Class A4, 5.060%, 3/20/2031 | &nbsp;&nbsp; 3317049 |
| &nbsp;&nbsp; 1353065 | Enterprise Fleet Financing LLC 2024-4, Class A2, 4.690%, 7/20/2027 | &nbsp;&nbsp; 1357780 |
| &nbsp;&nbsp; 6255000 | Enterprise Fleet Financing LLC 2026-1, Class A4, 4.290%, 9/20/2032 | &nbsp;&nbsp; 6288184 |
| &nbsp;&nbsp; 5000000 | Ford Credit Auto Lease Trust 2023-B, Class D, 6.970%, 6/15/2028 | &nbsp;&nbsp; 5016480 |
| &nbsp;&nbsp; 5000000 | Ford Credit Auto Owner Trust 2022-C, Class B, 5.030%, 2/15/2028 | &nbsp;&nbsp; 5017793 |
| &nbsp;&nbsp; 2500000 | Ford Credit Auto Owner Trust 2022-C, Class C, 5.220%, 3/15/2030 | &nbsp;&nbsp; 2506650 |
| &nbsp;&nbsp; 5000000 | Ford Credit Auto Owner Trust 2023-A, Class C, 5.510%, 9/15/2030 | &nbsp;&nbsp; 5061483 |
| &nbsp;&nbsp; 3250000 | Ford Credit Auto Owner Trust 2024-D, Class B, 4.880%, 9/15/2030 | &nbsp;&nbsp; 3300282 |
| &nbsp;&nbsp; 6000000 | Ford Credit Auto Owner Trust 2025-C, Class B, 4.220%, 1/15/2032 | &nbsp;&nbsp; 5999774 |
| &nbsp;&nbsp; 6000000 | Ford Credit Auto Owner Trust/Ford Credit 2023-1, Class C, 5.580%, 8/15/2035 | &nbsp;&nbsp; 6145243 |
| &nbsp;&nbsp; 2500000 | Ford Credit Auto Owner Trust/Ford Credit 2023-2, Class D, 6.600%, 2/15/2036 | &nbsp;&nbsp; 2604848 |
| &nbsp;&nbsp; 8500000 | Ford Credit Floorplan Master Owner Trust 2023-1, Class B, 5.310%, 5/15/2028 | &nbsp;&nbsp; 8530564 |
| &nbsp;&nbsp; 7500000 | Ford Credit Floorplan Master Owner Trust 2023-1, Class C, 5.750%, 5/15/2028 | &nbsp;&nbsp; 7526936 |
| &nbsp;&nbsp; 8700000 | Ford Credit Floorplan Master Owner Trust 2023-1, Class D, 6.620%, 5/15/2028 | &nbsp;&nbsp; 8748958 |
| &nbsp;&nbsp; 5755000 | Ford Credit Floorplan Master Owner Trust 2024-4, Class B, 4.610%, 9/15/2031 | &nbsp;&nbsp; 5713725 |
| &nbsp;&nbsp; 1000000 | GECU Auto Receivables Trust 2023-1A, Class C, 6.330%, 4/15/2030 | &nbsp;&nbsp; 1013261 |
| &nbsp;&nbsp; 2800000 | GECU Auto Receivables Trust 2023-1A, Class D, 7.200%, 11/17/2031 | &nbsp;&nbsp; 2829356 |
| &nbsp;&nbsp; 8000000 | General Motors 2024-4A, Class B, 4.980%, 11/15/2029 | &nbsp;&nbsp; 8082010 |
| &nbsp;&nbsp; 4000000 | GM Financial Automobile Leasing Trust 2024-3, Class B, 4.490%, 10/20/2028 | &nbsp;&nbsp; 4022562 |
| &nbsp;&nbsp; 4000000 | GM Financial Automobile Leasing Trust 2025-2, Class C, 5.040%, 10/22/2029 | &nbsp;&nbsp; 4050780 |
| &nbsp;&nbsp; 5000000 | GM Financial Revolving Receivables 2023-1, Class C, 5.900%, 4/11/2035 | &nbsp;&nbsp; 5111112 |
| &nbsp;&nbsp; 3000000 | GM Financial Securitized Term 2023-3, Class B, 5.720%, 1/16/2029 | &nbsp;&nbsp; 3046672 |
| &nbsp;&nbsp; 3250000 | GM Financial Securitized Term 2023-3, Class C, 5.920%, 2/16/2029 | &nbsp;&nbsp; 3303862 |
| &nbsp;&nbsp; 1250000 | GM Financial Securitized Term 2024-1, Class B, 5.160%, 8/16/2029 | &nbsp;&nbsp; 1271594 |
| &nbsp;&nbsp; 2750000 | GM Financial Securitized Term 2025-2, Class C, 4.910%, 10/18/2032 | &nbsp;&nbsp; 2786798 |
| &nbsp;&nbsp; 3750000 | GM Financial Securitized Term Auto Receivables Trust 2022-3, Class C, 5.210%, 12/18/2028 | &nbsp;&nbsp; 3787273 |
| &nbsp;&nbsp; 800000 | GreenState Auto Receivables Trust 2024-1A, Class B, 5.420%, 1/15/2030 | &nbsp;&nbsp; 812575 |
| &nbsp;&nbsp; 1000000 | GreenState Auto Receivables Trust 2024-1A, Class C, 5.770%, 2/15/2030 | &nbsp;&nbsp; 1015163 |

---

**2**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | ASSET-BACKED SECURITIES—continued |  |
|  | **Auto Receivables—continued** |  |
| $866000 | GreenState Auto Receivables Trust 2024-1A, Class SUB, 6.500%, 6/15/2032 | &nbsp;&nbsp; $878977 |
| &nbsp;&nbsp; 5000000 | Hyundai Auto Lease Securitization Trust 2024-A, Class A, 5.350%, 5/15/2028 | &nbsp;&nbsp; 5027670 |
| &nbsp;&nbsp; 4900000 | Hyundai Auto Lease Securitization Trust 2024-A, Class B, 5.560%, 8/15/2028 | &nbsp;&nbsp; 4951132 |
| &nbsp;&nbsp; 4000000 | Hyundai Auto Lease Securitization Trust 2024-C, Class B, 4.970%, 2/15/2029 | &nbsp;&nbsp; 4045496 |
| &nbsp;&nbsp; 1945000 | Hyundai Auto Lease Securitization Trust 2025-A, Class B, 5.150%, 6/15/2029 | &nbsp;&nbsp; 1969646 |
| &nbsp;&nbsp; 4250000 | Hyundai Auto Lease Securitization Trust 2025-B, Class B, 4.940%, 8/15/2029 | &nbsp;&nbsp; 4299458 |
| &nbsp;&nbsp; 3000000 | Hyundai Auto Receivables Trust 2024-A, Class C, 5.270%, 7/15/2031 | &nbsp;&nbsp; 3083168 |
| &nbsp;&nbsp; 5000000 | Hyundai Auto Receivables Trust 2024-C, Class C, 4.860%, 2/17/2032 | &nbsp;&nbsp; 5056708 |
| &nbsp;&nbsp; 4000000 | Hyundai Auto Receivables Trust 2025-C, Class C, 4.370%, 1/18/2033 | &nbsp;&nbsp; 4008937 |
| &nbsp;&nbsp; 2000000 | LAD Auto Receivables Trust 2024-2A, Class B, 5.500%, 7/16/2029 | &nbsp;&nbsp; 2039587 |
| &nbsp;&nbsp; 1000000 | LAD Auto Receivables Trust 2024-2A, Class C, 5.660%, 10/15/2029 | &nbsp;&nbsp; 1024968 |
| &nbsp;&nbsp; 750000 | LAD Auto Receivables Trust 2024-2A, Class D, 6.370%, 10/15/2031 | &nbsp;&nbsp; 774293 |
| &nbsp;&nbsp; 1375000 | LAD Auto Receivables Trust 2024-3A, Class C, 4.930%, 3/15/2030 | &nbsp;&nbsp; 1378948 |
| &nbsp;&nbsp; 1200000 | LAD Auto Receivables Trust 2024-3A, Class D, 5.180%, 2/17/2032 | &nbsp;&nbsp; 1204350 |
| &nbsp;&nbsp; 2400000 | LAD Auto Receivables Trust 2025-2A, Class D, 5.010%, 12/15/2032 | &nbsp;&nbsp; 2417923 |
| &nbsp;&nbsp; 3000000 | Navistar Financial Dealer Note Master Trust 2024-1, Class A, 5.590%, 4/25/2029 | &nbsp;&nbsp; 3011430 |
| &nbsp;&nbsp; 2080000 | Navistar Financial Dealer Note Master Trust 2024-1, Class B, 5.790%, 4/25/2029 | &nbsp;&nbsp; 2086689 |
| &nbsp;&nbsp; 2850000 | Navistar Financial Dealer Note Master Trust 2024-1, Class C, 6.130%, 4/25/2029 | &nbsp;&nbsp; 2859440 |
| &nbsp;&nbsp; 1460000 | Navistar Financial Dealer Note Master Trust 2025-1, Class C, 4.720%, 9/25/2030 | &nbsp;&nbsp; 1450653 |
| &nbsp;&nbsp; 6000000 | NextGear Floorplan Master Owner Trust 2024-2A, Class B, 4.870%, 9/15/2029 | &nbsp;&nbsp; 6048733 |
| &nbsp;&nbsp; 6662000 | NextGear Floorplan Master Owner Trust 2025-1A, Class B, 4.890%, 2/15/2030 | &nbsp;&nbsp; 6705897 |
| &nbsp;&nbsp; 9662000 | NextGear Floorplan Master Owner Trust 2025-2A, Class B, 4.690%, 10/15/2030 | &nbsp;&nbsp; 9681091 |
| &nbsp;&nbsp; 3200000 | Nissan Auto Lease Trust 2025-B, Class C, 4.810%, 11/15/2029 | &nbsp;&nbsp; 3242097 |
| &nbsp;&nbsp; 6500000 | Nissan Auto Receivables Owner Trust 2025-B, Class B, 4.280%, 4/15/2032 | &nbsp;&nbsp; 6546401 |
| &nbsp;&nbsp; 414346 | PenFed Auto Receivables Owner Trust 2022-A, Class B, 4.600%, 12/15/2028 | &nbsp;&nbsp; 414429 |
| &nbsp;&nbsp; 800000 | PenFed Auto Receivables Owner Trust 2022-A, Class D, 5.850%, 6/17/2030 | &nbsp;&nbsp; 800718 |
| &nbsp;&nbsp; 3495000 | Porsche Innovative Lease Owner Trust 2024-2A, Class A4, 4.260%, 9/20/2030 | &nbsp;&nbsp; 3512591 |
| &nbsp;&nbsp; 2131981 | Santander Bank Auto Credit-Linked Notes 2024-B, Class D, 5.483%, 1/18/2033 | &nbsp;&nbsp; 2149548 |
| &nbsp;&nbsp; 1400285 | Santander Bank Auto Credit-Linked Notes 2024-B, Class E, 6.799%, 1/18/2033 | &nbsp;&nbsp; 1410920 |
| &nbsp;&nbsp; 2500000 | Santander Bank Auto Credit-Linked Notes 2025-A, Class D, 5.150%, 1/16/2034 | &nbsp;&nbsp; 2506671 |
| &nbsp;&nbsp; 1250000 | Santander Bank Auto Credit-Linked Notes 2025-A, Class E, 6.270%, 1/16/2034 | &nbsp;&nbsp; 1253279 |
| &nbsp;&nbsp; 878999 | Santander Drive Auto Receivables Trust 2022-6, Class C, 4.960%, 11/15/2028 | &nbsp;&nbsp; 880504 |
| &nbsp;&nbsp; 2500679 | Santander Drive Auto Receivables Trust 2023-1, Class C, 5.090%, 5/15/2030 | &nbsp;&nbsp; 2511275 |
| &nbsp;&nbsp; 1850000 | Santander Drive Auto Receivables Trust 2024-1, Class C, 5.450%, 3/15/2030 | &nbsp;&nbsp; 1878102 |
| &nbsp;&nbsp; 13000000 | Santander Drive Auto Receivables Trust 2024-2, Class D, 6.280%, 8/15/2031 | &nbsp;&nbsp; 13483479 |
| &nbsp;&nbsp; 15000000 | Santander Drive Auto Receivables Trust 2024-4, Class D, 5.320%, 12/15/2031 | &nbsp;&nbsp; 15310597 |
| &nbsp;&nbsp; 7500000 | Santander Drive Auto Receivables Trust 2024-5, Class D, 5.140%, 2/17/2032 | &nbsp;&nbsp; 7594844 |
| &nbsp;&nbsp; 9500000 | Santander Drive Auto Receivables Trust 2025-1, Class D, 5.430%, 3/17/2031 | &nbsp;&nbsp; 9697465 |
| &nbsp;&nbsp; 6500000 | Santander Drive Auto Receivables Trust 2025-2, Class D, 5.470%, 5/15/2031 | &nbsp;&nbsp; 6625570 |
| &nbsp;&nbsp; 10300000 | Santander Drive Auto Receivables Trust 2025-3, Class D, 5.110%, 9/15/2031 | &nbsp;&nbsp; 10433262 |
| &nbsp;&nbsp; 6500000 | Santander Drive Auto Receivables Trust 2025-4, Class D, 4.950%, 1/15/2032 | &nbsp;&nbsp; 6539725 |
| &nbsp;&nbsp; 3060000 | SBNA Auto Lease Trust 2024-C, Class A4, 4.420%, 3/20/2029 | &nbsp;&nbsp; 3075904 |
| &nbsp;&nbsp; 2225000 | SBNA Auto Receivables Trust 2025-SF1, Class D, 5.340%, 9/15/2031 | &nbsp;&nbsp; 2238131 |
| &nbsp;&nbsp; 575000 | SBNA Auto Receivables Trust 2025-SF1, Class E, 6.740%, 10/15/2031 | &nbsp;&nbsp; 579981 |
| &nbsp;&nbsp; 893528 | Securitized Term Auto Receivables Trust 2025-A, Class B, 5.038%, 7/25/2031 | &nbsp;&nbsp; 903991 |
| &nbsp;&nbsp; 744607 | Securitized Term Auto Receivables Trust 2025-A, Class C, 5.185%, 7/25/2031 | &nbsp;&nbsp; 752461 |
| &nbsp;&nbsp; 685038 | Securitized Term Auto Receivables Trust 2025-A, Class D, 6.746%, 7/25/2031 | &nbsp;&nbsp; 701025 |
| &nbsp;&nbsp; 3675000 | Securitized Term Auto Receivables Trust 2026-A, Class B, 4.284%, 3/25/2033 | &nbsp;&nbsp; 3680196 |
| &nbsp;&nbsp; 1500000 | Securitized Term Auto Receivables Trust 2026-A, Class C, 4.431%, 3/25/2033 | &nbsp;&nbsp; 1502108 |
| &nbsp;&nbsp; 1650000 | Securitized Term Auto Receivables Trust 2026-A, Class D, 4.873%, 3/25/2033 | &nbsp;&nbsp; 1654578 |

---

**3**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | ASSET-BACKED SECURITIES—continued |  |
|  | **Auto Receivables—continued** |  |
| $2000000 | SFS Auto Receivables Securitization Trust 2024-1A, Class C, 5.510%, 1/20/2032 | &nbsp;&nbsp; $2059386 |
| &nbsp;&nbsp; 2500000 | SFS Auto Receivables Securitization Trust 2024-2A, Class C, 5.540%, 2/20/2032 | &nbsp;&nbsp; 2560854 |
| &nbsp;&nbsp; 6000000 | SFS Auto Receivables Securitization Trust 2025-1A, Class C, 5.200%, 10/20/2032 | &nbsp;&nbsp; 6118143 |
| &nbsp;&nbsp; 5500000 | SFS Auto Receivables Securitization Trust 2025-3A C, Class C, 4.640%, 11/21/2033 | &nbsp;&nbsp; 5515380 |
| &nbsp;&nbsp; 3765000 | Stellantis Financial Underwritten Enhanced Lease Trust 2025-AA, Class C, 5.080%, 8/20/2029 | &nbsp;&nbsp; 3810623 |
| &nbsp;&nbsp; 4144573 | Tesla Auto Lease Trust 2023-B, Class B, 6.570%, 8/20/2027 | &nbsp;&nbsp; 4151081 |
| &nbsp;&nbsp; 4000000 | Tesla Auto Lease Trust 2024-A, Class B, 5.550%, 5/22/2028 | &nbsp;&nbsp; 4010119 |
| &nbsp;&nbsp; 5325000 | Tesla Auto Lease Trust 2024-B, Class C, 5.490%, 12/20/2028 | &nbsp;&nbsp; 5382904 |
| &nbsp;&nbsp; 2690439<br><sup>1</sup> <br>| The Huntington National Bank 2025-1, Class C, 5.953% (30-DAY AVERAGE SOFR +2.250%), 3/21/2033 | &nbsp;&nbsp; 2693192 |
| &nbsp;&nbsp; 2225074 | Truist Bank Auto Credit-Linked Notes Series 2025-1, Class C, 6.807%, 9/26/2033 | &nbsp;&nbsp; 2226994 |
| &nbsp;&nbsp; 632494 | U.S. Bank National Association 2023-1, Class B, 6.789%, 8/25/2032 | &nbsp;&nbsp; 638061 |
| &nbsp;&nbsp; 3900000 | Wheels Fleet Lease Funding LLC 2025-1A, Class C, 5.080%, 1/18/2040 | &nbsp;&nbsp; 3935846 |
| &nbsp;&nbsp; 1750000 | Wheels Fleet Lease Funding LLC 2025-2A, Class B, 4.610%, 5/18/2040 | &nbsp;&nbsp; 1760963 |
| &nbsp;&nbsp; 3750000 | Wheels Fleet Lease Funding LLC 2025-2A, Class C, 4.860%, 5/18/2040 | &nbsp;&nbsp; 3773835 |
| &nbsp;&nbsp; 1287000 | Wheels Fleet Lease Funding LLC 2025-3A, Class B, 4.440%, 9/18/2040 | &nbsp;&nbsp; 1288276 |
| &nbsp;&nbsp; 2400000 | Wheels Fleet Lease Funding LLC 2025-3A, Class C, 4.790%, 9/18/2040 | &nbsp;&nbsp; 2402824 |
| &nbsp;&nbsp; 8000000 | World Omni Automobile Lease Securitization Trust 2025-A, Class B, 4.680%, 5/15/2030 | &nbsp;&nbsp; 8092358 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 529024782 |
|  | **Credit Card—4.3%** |  |
| &nbsp;&nbsp; 1000000 | American Express Credit Account 2025-5 A, Class A, 4.510%, 7/15/2032 | &nbsp;&nbsp; 1019373 |
| &nbsp;&nbsp; 5250000 | American Express Credit Account Master Trust 2024-1, Class A, 5.230%, 4/15/2029 | &nbsp;&nbsp; 5345193 |
| &nbsp;&nbsp; 6000000 | Bank of America Credit Card Trust 2024-A1, Class A, 4.930%, 5/15/2029 | &nbsp;&nbsp; 6094560 |
| &nbsp;&nbsp; 2300000 | CARDS II Trust 2024-1A, Class B, 5.450%, 7/16/2029 | &nbsp;&nbsp; 2293301 |
| &nbsp;&nbsp; 2000000 | CARDS II Trust 2024-1A, Class C, 5.840%, 7/16/2029 | &nbsp;&nbsp; 1993208 |
| &nbsp;&nbsp; 2500000 | CARDS II Trust 2025-1A, Class B, 5.070%, 3/17/2031 | &nbsp;&nbsp; 2459615 |
| &nbsp;&nbsp; 3690000 | CARDS II Trust 2025-1A, Class C, 5.420%, 3/17/2031 | &nbsp;&nbsp; 3585587 |
| &nbsp;&nbsp; 3743000 | Evergreen Credit Card Trust 2024-1A, Class C, 5.900%, 7/17/2028 | &nbsp;&nbsp; 3750599 |
| &nbsp;&nbsp; 3000000 | Evergreen Credit Card Trust 2024-CRT4, Class B, 5.250%, 10/15/2028 | &nbsp;&nbsp; 3021275 |
| &nbsp;&nbsp; 4000000 | Evergreen Credit Card Trust 2024-CRT4, Class C, 5.640%, 10/15/2028 | &nbsp;&nbsp; 4019992 |
| &nbsp;&nbsp; 3000000 | Evergreen Credit Card Trust 2025-1A, Class C, 4.540%, 10/15/2029 | &nbsp;&nbsp; 2983699 |
| &nbsp;&nbsp; 1000000 | Evergreen Credit Card Trust Series 2025-1A, Class B, 4.240%, 10/15/2029 | &nbsp;&nbsp; 1000910 |
| &nbsp;&nbsp; 2300000 | Evergreen Credit Card Trust Series 2025-CRT5, Class B, 5.240%, 5/15/2029 | &nbsp;&nbsp; 2331287 |
| &nbsp;&nbsp; 1400000 | Evergreen Credit Card Trust Series 2025-CRT5, Class C, 5.530%, 5/15/2029 | &nbsp;&nbsp; 1412021 |
| &nbsp;&nbsp; 4600000 | First National Master Note Trust 2023-1, Class A, 5.130%, 4/15/2029 | &nbsp;&nbsp; 4611483 |
| &nbsp;&nbsp; 2500000 | First National Master Note Trust 2024-1, Class A, 5.340%, 5/15/2030 | &nbsp;&nbsp; 2542131 |
| &nbsp;&nbsp; 7000000 | Golden Credit Card Trust 2021-1A, Class B, 1.440%, 8/15/2028 | &nbsp;&nbsp; 6888290 |
| &nbsp;&nbsp; 3000000 | Golden Credit Card Trust 2021-1A, Class C, 1.740%, 8/15/2028 | &nbsp;&nbsp; 2942956 |
| &nbsp;&nbsp; 3290000 | Golden Credit Card Trust 2021-1A, Class C, 2.660%, 1/15/2029 | &nbsp;&nbsp; 3217180 |
| &nbsp;&nbsp; 5000000 | Master Credit Card Trust 2022-5A, Class B, 6.350%, 4/21/2031 | &nbsp;&nbsp; 5153312 |
| &nbsp;&nbsp; 1000000 | Master Credit Card Trust 2023-3A, Class B, 6.300%, 10/21/2030 | &nbsp;&nbsp; 1024127 |
| &nbsp;&nbsp; 2000000 | Master Credit Card Trust 2023-3A, Class C, 7.080%, 10/21/2030 | &nbsp;&nbsp; 2067526 |
| &nbsp;&nbsp; 3000000 | Trillium Credit Card Trust II 2023-1A, Class B, 5.230%, 3/26/2031 | &nbsp;&nbsp; 3056314 |
| &nbsp;&nbsp; 3000000 | Trillium Credit Card Trust II 2025-1A, Class B, 4.405%, 9/26/2030 | &nbsp;&nbsp; 3008264 |
| &nbsp;&nbsp; 1700000 | Trillium Credit Card Trust II 2025-1A, Class C, 4.700%, 9/26/2030 | &nbsp;&nbsp; 1704632 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77526835 |
|  | **Equipment Lease—4.2%** |  |
| &nbsp;&nbsp; 4000000 | Daimler Trucks Retail Trust 2024-1, Class A4, 5.560%, 7/15/2031 | &nbsp;&nbsp; 4076517 |
| &nbsp;&nbsp; 5000000 | Dell Equipment Finance Trust 2023-2, Class D, 6.740%, 7/23/2029 | &nbsp;&nbsp; 5008092 |
| &nbsp;&nbsp; 4153000 | Dell Equipment Finance Trust 2023-3, Class B, 6.050%, 4/23/2029 | &nbsp;&nbsp; 4181707 |
| &nbsp;&nbsp; 2000000 | Dell Equipment Finance Trust 2023-3, Class C, 6.170%, 4/23/2029 | &nbsp;&nbsp; 2013837 |

---

**4**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | ASSET-BACKED SECURITIES—continued |  |
|  | **Equipment Lease—continued** |  |
| $1500000 | Dell Equipment Finance Trust 2023-3, Class D, 6.750%, 10/22/2029 | &nbsp;&nbsp; $1512981 |
| &nbsp;&nbsp; 770000 | Dell Equipment Finance Trust 2024-1, Class C, 5.730%, 3/22/2030 | &nbsp;&nbsp; 779648 |
| &nbsp;&nbsp; 1000000 | Dell Equipment Finance Trust 2024-1, Class D, 6.120%, 9/23/2030 | &nbsp;&nbsp; 1012092 |
| &nbsp;&nbsp; 3250000 | Dell Equipment Finance Trust 2024-2, Class D, 5.290%, 2/24/2031 | &nbsp;&nbsp; 3275803 |
| &nbsp;&nbsp; 520000 | Dell Equipment Finance Trust 2025-1, Class B, 4.960%, 2/24/2031 | &nbsp;&nbsp; 526004 |
| &nbsp;&nbsp; 870000 | Dell Equipment Finance Trust 2025-1, Class C, 5.250%, 2/24/2031 | &nbsp;&nbsp; 881700 |
| &nbsp;&nbsp; 740000 | Dell Equipment Finance Trust 2025-1, Class D, 5.640%, 8/22/2031 | &nbsp;&nbsp; 750322 |
| &nbsp;&nbsp; 1000000 | Dell Equipment Finance Trust 2025-2, Class C, 4.530%, 3/24/2031 | &nbsp;&nbsp; 1003052 |
| &nbsp;&nbsp; 3500000 | Dell Equipment Finance Trust 2025-2, Class D, 4.830%, 3/22/2032 | &nbsp;&nbsp; 3511086 |
| &nbsp;&nbsp; 2670000 | DLLAA LLC 2025-1A, Class A4, 5.080%, 4/20/2033 | &nbsp;&nbsp; 2745877 |
| &nbsp;&nbsp; 2032965 | DLLAD LLC 2023-1A, Class A3, 4.790%, 1/20/2028 | &nbsp;&nbsp; 2045274 |
| &nbsp;&nbsp; 2430000 | DLLAD LLC 2024-1A, Class A4, 5.380%, 9/22/2031 | &nbsp;&nbsp; 2513342 |
| &nbsp;&nbsp; 1300000 | DLLMT LLC 2026, Class A4, 4.360%, 9/20/2033 | &nbsp;&nbsp; 1304768 |
| &nbsp;&nbsp; 1372680 | DLLST LLC 2024-1A, Class A3, 5.050%, 8/20/2027 | &nbsp;&nbsp; 1378904 |
| &nbsp;&nbsp; 5040000 | Great America Leasing Receivables 2024-2, Class B, 5.230%, 5/15/2031 | &nbsp;&nbsp; 5150560 |
| &nbsp;&nbsp; 4161000 | Great America Leasing Receivables 2025-1, Class B, 4.770%, 1/15/2032 | &nbsp;&nbsp; 4230958 |
| &nbsp;&nbsp; 1625000 | Great America Leasing Receivables 2025-1, Class C, 5.010%, 1/18/2033 | &nbsp;&nbsp; 1649639 |
| &nbsp;&nbsp; 1265000 | Great America Leasing Receivables 2025-2, Class B, 4.500%, 9/15/2032 | &nbsp;&nbsp; 1274709 |
| &nbsp;&nbsp; 1300000 | Great America Leasing Receivables 2025-2, Class C, 4.840%, 9/15/2033 | &nbsp;&nbsp; 1313234 |
| &nbsp;&nbsp; 3500000 | HPEFS Equipment Trust 2023-2A, Class D, 6.970%, 7/21/2031 | &nbsp;&nbsp; 3527429 |
| &nbsp;&nbsp; 3000000 | HPEFS Equipment Trust 2024-1A, Class D, 5.820%, 11/20/2031 | &nbsp;&nbsp; 3029854 |
| &nbsp;&nbsp; 4500000 | HPEFS Equipment Trust 2024-2A, Class D, 5.820%, 4/20/2032 | &nbsp;&nbsp; 4569233 |
| &nbsp;&nbsp; 4500000 | HPEFS Equipment Trust 2025-1A, Class D, 4.990%, 3/21/2033 | &nbsp;&nbsp; 4542016 |
| &nbsp;&nbsp; 1000000 | HPEFS Equipment Trust 2025-2A, Class C, 4.410%, 11/22/2032 | &nbsp;&nbsp; 1000152 |
| &nbsp;&nbsp; 1750000 | HPEFS Equipment Trust 2025-2A, Class D, 4.770%, 5/20/2033 | &nbsp;&nbsp; 1749191 |
| &nbsp;&nbsp; 4000000 | John Deere Owner Trust 2022-C, Class A4, 5.200%, 9/17/2029 | &nbsp;&nbsp; 4014300 |
| &nbsp;&nbsp; 1421421 | Kubota Credit Owner Trust 2023-1A, Class A3, 5.020%, 6/15/2027 | &nbsp;&nbsp; 1426033 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 75998314 |
|  | **Home Equity Loan—0.0%** |  |
| &nbsp;&nbsp; 3873<br><sup>1</sup> <br>| ContiMortgage Home Equity Loan Trust 1996-4, Class A10, 4.274% (CME Term SOFR 1 Month +0.594%), 1/15/2028 | &nbsp;&nbsp; 3167 |
| &nbsp;&nbsp; 2069120 | Green Tree Home Improvement Loan Trust 1997-C, Class HEB2, 7.590%, 8/15/2028 | &nbsp;&nbsp; 16902 |
| &nbsp;&nbsp; 328248<br><sup>2</sup> <br>| NC Finance Trust 1999-1, Class D, 8.750%, 1/25/2029 | &nbsp;&nbsp; 0 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20069 |
|  | **Other—4.3%** |  |
| &nbsp;&nbsp; 7200000 | PFS Financing Corp. 2023-A, Class B, 6.330%, 3/15/2028 | &nbsp;&nbsp; 7220583 |
| &nbsp;&nbsp; 7450000 | PFS Financing Corp. 2023-B, Class B, 5.710%, 5/15/2028 | &nbsp;&nbsp; 7503601 |
| &nbsp;&nbsp; 4250000 | PFS Financing Corp. 2023-C, Class B, 5.910%, 10/15/2028 | &nbsp;&nbsp; 4284715 |
| &nbsp;&nbsp; 3500000 | PFS Financing Corp. 2024-B, Class B, 5.290%, 2/15/2029 | &nbsp;&nbsp; 3538119 |
| &nbsp;&nbsp; 6750000 | PFS Financing Corp. 2024-D, Class B, 5.590%, 4/15/2029 | &nbsp;&nbsp; 6857390 |
| &nbsp;&nbsp; 4000000 | PFS Financing Corp. 2024-F, Class B, 4.990%, 8/15/2029 | &nbsp;&nbsp; 4014486 |
| &nbsp;&nbsp; 2250000 | PFS Financing Corp. 2025-E, Class B, 4.610%, 7/16/2029 | &nbsp;&nbsp; 2264841 |
| &nbsp;&nbsp; 3770000 | Verizon Master Trust 2023-6, Class C, 5.050%, 9/22/2031 | &nbsp;&nbsp; 3809401 |
| &nbsp;&nbsp; 3260000 | Verizon Master Trust 2024-3, Class C, 5.730%, 4/22/2030 | &nbsp;&nbsp; 3345351 |
| &nbsp;&nbsp; 5000000 | Verizon Master Trust 2024-6, Class C, 4.670%, 8/20/2030 | &nbsp;&nbsp; 5043050 |
| &nbsp;&nbsp; 7750000 | Verizon Master Trust 2024-8, Class C, 4.990%, 11/20/2030 | &nbsp;&nbsp; 7894899 |
| &nbsp;&nbsp; 1000000 | Verizon Master Trust 2025-1, Class C, 5.090%, 1/21/2031 | &nbsp;&nbsp; 1018408 |
| &nbsp;&nbsp; 3850000 | Verizon Master Trust 2025-10, Class C, 4.670%, 10/20/2033 | &nbsp;&nbsp; 3855454 |
| &nbsp;&nbsp; 10150000 | Verizon Master Trust 2025-4, Class C, 5.200%, 3/21/2033 | &nbsp;&nbsp; 10340927 |
| &nbsp;&nbsp; 2490000 | Verizon Master Trust 2025-5, Class C, 4.840%, 6/20/2031 | &nbsp;&nbsp; 2514880 |

---

**5**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | ASSET-BACKED SECURITIES—continued |  |
|  | **Other—continued** |  |
| $3830000 | Verizon Master Trust 2025-7, Class C, 4.400%, 8/20/2031 | &nbsp;&nbsp; $3846135 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 77352240 |
|  | **Student Loans—0.7%** |  |
| &nbsp;&nbsp; 406729<br><sup>1</sup> <br>| Mississippi Higher Education Assistance Corp. 2014-1, Class A1, 4.491% (30-DAY AVERAGE SOFR +0.794%), 10/25/2035 | &nbsp;&nbsp; 405440 |
| &nbsp;&nbsp; 1483552 | Navient Student Loan Trust 2019-D, Class A2A, 3.010%, 12/15/2059 | &nbsp;&nbsp; 1452652 |
| &nbsp;&nbsp; 1134844 | Navient Student Loan Trust 2020-GA, Class A, 1.170%, 9/16/2069 | &nbsp;&nbsp; 1066277 |
| &nbsp;&nbsp; 692176 | Navient Student Loan Trust 2020-HA, Class A, 1.310%, 1/15/2069 | &nbsp;&nbsp; 656974 |
| &nbsp;&nbsp; 3452864 | Navient Student Loan Trust 2021-CA, Class A, 1.060%, 10/15/2069 | &nbsp;&nbsp; 3183371 |
| &nbsp;&nbsp; 5481609<br><sup>1</sup> <br>| Nelnet Student Loan Trust 2021-DA, Class AFL, 4.479% (CME Term SOFR 1 Month +0.804%), 4/20/2062 | &nbsp;&nbsp; 5468149 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12232863 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL ASSET-BACKED SECURITIES <br>(IDENTIFIED COST $767,173,667)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 772155103 |
|  | CORPORATE BONDS—34.1% |  |
|  | **Capital Goods - Aerospace & Defense—0.3%** |  |
| &nbsp;&nbsp; 3000000 | Howmet Aerospace, Inc., Sr. Unsecd. Note, 4.850%, 10/15/2031 | &nbsp;&nbsp; 3080697 |
| &nbsp;&nbsp; 1500000 | Huntington Ingalls Industries, Inc., Sr. Unsecd. Note, 5.353%, 1/15/2030 | &nbsp;&nbsp; 1551916 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4632613 |
|  | **Capital Goods - Construction Machinery—0.3%** |  |
| &nbsp;&nbsp; 3000000 | CNH Industrial Capital America LLC, Sr. Unsecd. Note, 4.500%, 10/16/2030 | &nbsp;&nbsp; 3004540 |
| &nbsp;&nbsp; 2940000 | CNH Industrial Capital America LLC, Sr. Unsecd. Note, 4.550%, 4/10/2028 | &nbsp;&nbsp; 2965030 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5969570 |
|  | **Communications - Cable & Satellite—0.1%** |  |
| &nbsp;&nbsp; 1695000 | Charter Communications Operating, LLC/Charter Communications Operating Capital Corp., Sec. Fac. Bond, <br> 6.100%, 6/1/2029<br>| &nbsp;&nbsp; 1771308 |
|  | **Communications - Media & Entertainment—0.3%** |  |
| &nbsp;&nbsp; 2295000 | Meta Platforms, Inc., Sr. Unsecd. Note, 4.200%, 11/15/2030 | &nbsp;&nbsp; 2291561 |
| &nbsp;&nbsp; 3160000<br><sup>3</sup> <br>| Meta Platforms, Inc., Sr. Unsecd. Note, 4.300%, 8/15/2029 | &nbsp;&nbsp; 3197892 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5489453 |
|  | **Communications - Telecom Wireless—1.0%** |  |
| &nbsp;&nbsp; 1805000 | American Tower Corp., Sr. Unsecd. Note, 4.900%, 3/15/2030 | &nbsp;&nbsp; 1844541 |
| &nbsp;&nbsp; 4000000 | American Tower Corp., Sr. Unsecd. Note, 5.200%, 2/15/2029 | &nbsp;&nbsp; 4114551 |
| &nbsp;&nbsp; 4050000 | Crown Castle, Inc., Sr. Unsecd. Note, 5.000%, 1/11/2028 | &nbsp;&nbsp; 4114295 |
| &nbsp;&nbsp; 3070000<br><sup>3</sup> <br>| Orange S.A., Sr. Unsecd. Note, 144A, 4.000%, 1/13/2029 | &nbsp;&nbsp; 3072067 |
| &nbsp;&nbsp; 4000000 | T-Mobile USA, Inc., Sr. Unsecd. Note, 4.950%, 3/15/2028 | &nbsp;&nbsp; 4076744 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17222198 |
|  | **Communications - Telecom Wirelines—0.6%** |  |
| &nbsp;&nbsp; 5000000 | AT&T, Inc., Sr. Unsecd. Note, 4.400%, 4/30/2031 | &nbsp;&nbsp; 5003053 |
| &nbsp;&nbsp; 2070000 | NBN Co. Ltd., Sr. Unsecd. Note, 144A, 4.000%, 10/1/2027 | &nbsp;&nbsp; 2072986 |
| &nbsp;&nbsp; 4000000 | Rogers Communications, Inc., Sr. Unsecd. Note, 5.000%, 2/15/2029 | &nbsp;&nbsp; 4082578 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11158617 |
|  | **Consumer Cyclical - Automotive—5.0%** |  |
| &nbsp;&nbsp; 3335000 | American Honda Finance Corp., Sr. Unsecd. Note, Series GMTN, 4.450%, 10/22/2027 | &nbsp;&nbsp; 3365632 |
| &nbsp;&nbsp; 5000000 | American Honda Finance Corp., Sr. Unsecd. Note, Series GMTN, 4.500%, 9/4/2030 | &nbsp;&nbsp; 5021899 |
| &nbsp;&nbsp; 945000 | Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 4.150%, 1/12/2029 | &nbsp;&nbsp; 945082 |
| &nbsp;&nbsp; 6000000 | Daimler Trucks Financial NA, Sr. Unsecd. Note, 144A, 5.250%, 1/13/2030 | &nbsp;&nbsp; 6180272 |
| &nbsp;&nbsp; 4000000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 4.000%, 11/13/2030 | &nbsp;&nbsp; 3806831 |
| &nbsp;&nbsp; 1505000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 4.970%, 4/6/2029 | &nbsp;&nbsp; 1513273 |
| &nbsp;&nbsp; 5000000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 6.800%, 5/12/2028 | &nbsp;&nbsp; 5233122 |
| &nbsp;&nbsp; 5000000 | Ford Motor Credit Co. LLC, Sr. Unsecd. Note, 6.950%, 3/6/2026 | &nbsp;&nbsp; 5008657 |
| &nbsp;&nbsp; 5000000<br><sup>1</sup> <br>| General Motors Financial Co., Inc., Sr. Unsecd. Note, 4.789% (SOFR +1.040%), 2/26/2027 | &nbsp;&nbsp; 5012298 |
| &nbsp;&nbsp; 5000000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 5.350%, 1/7/2030 | &nbsp;&nbsp; 5169211 |

---

**6**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Consumer Cyclical - Automotive—continued** |  |
| $4000000 | General Motors Financial Co., Inc., Sr. Unsecd. Note, 5.450%, 7/15/2030 | &nbsp;&nbsp; $4157603 |
| &nbsp;&nbsp; 4000000 | Hyundai Capital America, Sr. Unsecd. Note, 144A, 5.250%, 1/8/2027 | &nbsp;&nbsp; 4049043 |
| &nbsp;&nbsp; 9000000 | Hyundai Capital America, Sr. Unsecd. Note, 144A, 5.950%, 9/21/2026 | &nbsp;&nbsp; 9111942 |
| &nbsp;&nbsp; 4135000<br><sup>1</sup> <br>| Mercedes-Benz Finance NA LLC, Sr. Unsecd. Note, 144A, 4.638% (SOFR +0.850%), 11/15/2027 | &nbsp;&nbsp; 4156243 |
| &nbsp;&nbsp; 4000000<br><sup>1</sup> <br>| Nissan Motor Acceptance Co. LLC., Sr. Unsecd. Note, 144A, 5.734% (SOFR +2.050%), 9/13/2027 | &nbsp;&nbsp; 3983422 |
| &nbsp;&nbsp; 2500000 | Nissan Motor Acceptance Co. LLC., Sr. Unsecd. Note, 144A, 6.950%, 9/15/2026 | &nbsp;&nbsp; 2534464 |
| &nbsp;&nbsp; 1500000<br><sup>3</sup> <br>| Stellantis Finance US, Inc., Sr. Unsecd. Note, 144A, 5.350%, 3/17/2028 | &nbsp;&nbsp; 1533268 |
| &nbsp;&nbsp; 4000000<br><sup>3</sup> <br>| Toyota Motor Credit Corp., Series B, 4.200%, 1/10/2031 | &nbsp;&nbsp; 3994329 |
| &nbsp;&nbsp; 3240000 | Toyota Motor Credit Corp., Sr. Unsecd. Note, 4.050%, 9/5/2028 | &nbsp;&nbsp; 3259493 |
| &nbsp;&nbsp; 4000000 | Toyota Motor Credit Corp., Sr. Unsecd. Note, 4.650%, 1/5/2029 | &nbsp;&nbsp; 4080206 |
| &nbsp;&nbsp; 5000000<br><sup>1</sup> <br>| Volkswagen Group of America Finance LLC, 144A, 4.511% (SOFR +0.830%), 3/20/2026 | &nbsp;&nbsp; 5002410 |
| &nbsp;&nbsp; 2930000 | Volkswagen Group of America Finance LLC, Sr. Unsecd. Note, 144A, 4.850%, 9/11/2030 | &nbsp;&nbsp; 2957351 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90076051 |
|  | **Consumer Cyclical - Services—0.1%** |  |
| &nbsp;&nbsp; 1975000 | Amazon.com, Inc., 4.100%, 11/20/2030 | &nbsp;&nbsp; 1975884 |
|  | **Consumer Non-Cyclical - Food/Beverage—0.6%** |  |
| &nbsp;&nbsp; 3910000 | Campbells Co./The, Sr. Unsecd. Note, 4.550%, 3/21/2031 | &nbsp;&nbsp; 3883197 |
| &nbsp;&nbsp; 1750000 | Constellation Brands, Inc., Sr. Unsecd. Note, 4.800%, 1/15/2029 | &nbsp;&nbsp; 1781596 |
| &nbsp;&nbsp; 730000<br><sup>3</sup> <br>| Constellation Brands, Inc., Sr. Unsecd. Note, 4.800%, 5/1/2030 | &nbsp;&nbsp; 742945 |
| &nbsp;&nbsp; 4045000 | Tyson Foods, Inc., Sr. Unsecd. Note, 5.400%, 3/15/2029 | &nbsp;&nbsp; 4188347 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10596085 |
|  | **Consumer Non-Cyclical - Health Care—0.8%** |  |
| &nbsp;&nbsp; 2680000 | CVS Health Corp., Sr. Unsecd. Note, 5.000%, 2/20/2026 | &nbsp;&nbsp; 2680609 |
| &nbsp;&nbsp; 1665000 | CVS Health Corp., Sr. Unsecd. Note, 5.000%, 1/30/2029 | &nbsp;&nbsp; 1701489 |
| &nbsp;&nbsp; 685000<br><sup>3</sup> <br>| GE HealthCare Technologies, Inc., Sr. Unsecd. Note, 4.150%, 12/15/2028 | &nbsp;&nbsp; 687244 |
| &nbsp;&nbsp; 2325000 | GE HealthCare Technologies, Inc., Sr. Unsecd. Note, 4.800%, 8/14/2029 | &nbsp;&nbsp; 2372894 |
| &nbsp;&nbsp; 1840000 | HCA, Inc., Sr. Unsecd. Note, 5.200%, 6/1/2028 | &nbsp;&nbsp; 1885487 |
| &nbsp;&nbsp; 2000000 | HCA, Inc., Sr. Unsecd. Note, 5.450%, 4/1/2031 | &nbsp;&nbsp; 2079890 |
| &nbsp;&nbsp; 1920000 | HCA, Inc., Sr. Unsub., 5.250%, 3/1/2030 | &nbsp;&nbsp; 1982440 |
| &nbsp;&nbsp; 1551000 | Solventum Corp., Sr. Unsecd. Note, Series WI, 5.400%, 3/1/2029 | &nbsp;&nbsp; 1607857 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14997910 |
|  | **Consumer Non-Cyclical - Pharmaceuticals—0.6%** |  |
| &nbsp;&nbsp; 1710000 | Bayer US Finance LLC, Sr. Unsecd. Note, 144A, 6.125%, 11/21/2026 | &nbsp;&nbsp; 1734454 |
| &nbsp;&nbsp; 3635000 | Biogen, Inc., Sr. Unsecd. Note, 5.050%, 1/15/2031 | &nbsp;&nbsp; 3742637 |
| &nbsp;&nbsp; 1665000 | Bristol-Myers Squibb Co., Sr. Unsecd. Note, 4.900%, 2/22/2029 | &nbsp;&nbsp; 1715616 |
| &nbsp;&nbsp; 3455000 | Pfizer, Inc., Sr. Unsecd. Note, 4.200%, 11/15/2030 | &nbsp;&nbsp; 3464483 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10657190 |
|  | **Consumer Non-Cyclical - Tobacco—0.6%** |  |
| &nbsp;&nbsp; 2500000 | BAT International Finance PLC, Sr. Unsecd. Note, 5.931%, 2/2/2029 | &nbsp;&nbsp; 2624708 |
| &nbsp;&nbsp; 4000000 | Philip Morris International, Inc., Sr. Unsecd. Note, 4.000%, 10/29/2030 | &nbsp;&nbsp; 3958361 |
| &nbsp;&nbsp; 4000000 | Philip Morris International, Inc., Sr. Unsecd. Note, 4.875%, 2/15/2028 | &nbsp;&nbsp; 4076881 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10659950 |
|  | **Energy - Independent—0.1%** |  |
| &nbsp;&nbsp; 1750000 | Canadian Natural Resources Ltd., Sr. Unsecd. Note, 5.000%, 12/15/2029 | &nbsp;&nbsp; 1798247 |
|  | **Energy - Midstream—1.3%** |  |
| &nbsp;&nbsp; 1445000 | Boardwalk Pipeline Partners LP, Sr. Unsecd. Note, 4.800%, 5/3/2029 | &nbsp;&nbsp; 1466397 |
| &nbsp;&nbsp; 3180000 | Columbia Pipeline Holding Co. LLC, Sr. Unsecd. Note, 144A, 6.042%, 8/15/2028 | &nbsp;&nbsp; 3313699 |
| &nbsp;&nbsp; 4000000 | Enbridge, Inc., Sr. Unsecd. Note, 5.250%, 4/5/2027 | &nbsp;&nbsp; 4056546 |
| &nbsp;&nbsp; 890000 | Enbridge, Inc., Sr. Unsecd. Note, 5.900%, 11/15/2026 | &nbsp;&nbsp; 902679 |
| &nbsp;&nbsp; 4110000 | Energy Transfer LP, Sr. Unsecd. Note, 5.200%, 4/1/2030 | &nbsp;&nbsp; 4241998 |

---

**7**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Energy - Midstream—continued** |  |
| $3980000 | MPLX LP, Sr. Unsecd. Note, 4.800%, 2/15/2031 | &nbsp;&nbsp; $4024452 |
| &nbsp;&nbsp; 2500000 | ONEOK, Inc., Sr. Unsecd. Note, 5.650%, 11/1/2028 | &nbsp;&nbsp; 2597042 |
| &nbsp;&nbsp; 2000000 | Targa Resources, Inc., Sr. Unsecd. Note, 6.150%, 3/1/2029 | &nbsp;&nbsp; 2107524 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22710337 |
|  | **Financial Institution - Banking—12.4%** |  |
| &nbsp;&nbsp; 770000 | Associated Banc-Corp., Sr. Unsecd. Note, 6.455%, 8/29/2030 | &nbsp;&nbsp; 802031 |
| &nbsp;&nbsp; 4000000 | Aust & NZ Banking Group, Sr. Unsecd. Note, Series A, 3.919%, 12/8/2028 | &nbsp;&nbsp; 4015041 |
| &nbsp;&nbsp; 2000000<br><sup>1</sup> <br>| Australia & New Zealand Banking Group Ltd., Sr. Unsecd. Note, 144A, 4.533% (SOFR +0.850%), 12/16/2029 | &nbsp;&nbsp; 2024324 |
| &nbsp;&nbsp; 6000000 | Bank of America Corp., Sr. Unsecd. Note, 5.162%, 1/24/2031 | &nbsp;&nbsp; 6188690 |
| &nbsp;&nbsp; 2325000 | Bank of New York Mellon Corp., Sr. Unsecd. Note, 4.975%, 3/14/2030 | &nbsp;&nbsp; 2390848 |
| &nbsp;&nbsp; 5000000<br><sup>1</sup> <br>| Bank of New Zealand, Sr. Unsecd. Note, 144A, 4.476% (SOFR +0.810%), 1/27/2027 | &nbsp;&nbsp; 5023283 |
| &nbsp;&nbsp; 8000000 | Bank of Nova Scotia, Sr. Unsecd. Note, 4.247%, 2/2/2030 | &nbsp;&nbsp; 8016225 |
| &nbsp;&nbsp; 4000000 | BNP Paribas S.A., Sr. 2nd Priority Note, 144A, 4.792%, 5/9/2029 | &nbsp;&nbsp; 4047668 |
| &nbsp;&nbsp; 2590000 | Canadian Imperial Bank of Commerce, Sr. Unsecd. Note, 4.283%, 1/29/2030 | &nbsp;&nbsp; 2597038 |
| &nbsp;&nbsp; 4000000 | Canadian Imperial Bank of Commerce, Sr. Unsecd. Note, 4.862%, 1/13/2028 | &nbsp;&nbsp; 4033255 |
| &nbsp;&nbsp; 2135000 | Capital One Financial Co., Sr. Unsecd. Note, 4.722%, 1/30/2032 | &nbsp;&nbsp; 2136107 |
| &nbsp;&nbsp; 4000000 | Capital One Financial Co., Sr. Unsecd. Note, 5.468%, 2/1/2029 | &nbsp;&nbsp; 4100341 |
| &nbsp;&nbsp; 4000000<br><sup>1</sup> <br>| Citibank, N.A., Sr. Unsecd. Note, 4.483% (SOFR +0.712%), 11/19/2027 | &nbsp;&nbsp; 4008440 |
| &nbsp;&nbsp; 4000000 | Citibank, N.A., Sr. Unsecd. Note, Series BKNT, 5.438%, 4/30/2026 | &nbsp;&nbsp; 4011373 |
| &nbsp;&nbsp; 6000000 | Citibank, N.A., Sr. Unsecd. Note, Series BKNT, 5.488%, 12/4/2026 | &nbsp;&nbsp; 6077118 |
| &nbsp;&nbsp; 2165000 | Citizens Bank, N.A., Sr. Unsecd. Note, 4.192%, 1/29/2029 | &nbsp;&nbsp; 2168865 |
| &nbsp;&nbsp; 2260000 | Citizens Financial Group, Inc., Sr. Unsecd. Note, 5.841%, 1/23/2030 | &nbsp;&nbsp; 2357667 |
| &nbsp;&nbsp; 3675000 | Comerica, Inc., Sr. Unsecd. Note, 5.982%, 1/30/2030 | &nbsp;&nbsp; 3842170 |
| &nbsp;&nbsp; 5000000 | Commonwealth Bank of Australia, Sr. Unsecd. Note, 4.150%, 10/1/2030 | &nbsp;&nbsp; 4995651 |
| &nbsp;&nbsp; 5000000 | Credit Agricole S.A., 144A, 5.230%, 1/9/2029 | &nbsp;&nbsp; 5102919 |
| &nbsp;&nbsp; 4000000 | Deutsche Bank AG New York, Sr. Unsecd. Note, 4.950%, 8/4/2031 | &nbsp;&nbsp; 4047824 |
| &nbsp;&nbsp; 2940000 | Fifth Third Bancorp, Sr. Unsecd. Note, 4.566%, 4/29/2032 | &nbsp;&nbsp; 2938039 |
| &nbsp;&nbsp; 4430000 | Fifth Third Bancorp, Sr. Unsecd. Note, 6.339%, 7/27/2029 | &nbsp;&nbsp; 4659488 |
| &nbsp;&nbsp; 5215000 | FNB Corp. (PA), 5.722%, 12/11/2030 | &nbsp;&nbsp; 5335203 |
| &nbsp;&nbsp; 4000000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 4.369%, 10/21/2031 | &nbsp;&nbsp; 3978084 |
| &nbsp;&nbsp; 4090000<br><sup>1</sup> <br>| Goldman Sachs Group, Inc., Sr. Unsecd. Note, 4.586% (SOFR +0.920%), 10/21/2027 | &nbsp;&nbsp; 4102609 |
| &nbsp;&nbsp; 3750000<br><sup>1</sup> <br>| Goldman Sachs Group, Inc., Sr. Unsecd. Note, 4.881% (SOFR +1.120%), 2/24/2028 | &nbsp;&nbsp; 3773347 |
| &nbsp;&nbsp; 3145000 | Goldman Sachs Group, Inc., Sr. Unsecd. Note, 5.727%, 4/25/2030 | &nbsp;&nbsp; 3284349 |
| &nbsp;&nbsp; 6000000 | Huntington Bancshares, Inc., Sr. Unsecd. Note, 4.623%, 1/28/2032 | &nbsp;&nbsp; 6011253 |
| &nbsp;&nbsp; 3000000 | Huntington Bancshares, Inc., Sr. Unsecd. Note, 5.272%, 1/15/2031 | &nbsp;&nbsp; 3087645 |
| &nbsp;&nbsp; 2000000 | Huntington National Bank, Sr. Unsecd. Note, 4.871%, 4/12/2028 | &nbsp;&nbsp; 2017714 |
| &nbsp;&nbsp; 2500000<br><sup>1</sup> <br>| JPMorgan Chase & Co., Sr. Unsecd. Note, 4.446% (SOFR +0.765%), 9/22/2027 | &nbsp;&nbsp; 2506501 |
| &nbsp;&nbsp; 5000000 | JPMorgan Chase & Co., Sr. Unsecd. Note, 5.040%, 1/23/2028 | &nbsp;&nbsp; 5051507 |
| &nbsp;&nbsp; 3820000 | M&T Bank Corp., Sr. Unsecd. Note, 7.413%, 10/30/2029 | &nbsp;&nbsp; 4141463 |
| &nbsp;&nbsp; 5000000<br><sup>1</sup> <br>| Morgan Stanley Bank, N.A., Sr. Unsecd. Note, 4.350% (SOFR +0.685%), 10/15/2027 | &nbsp;&nbsp; 5009370 |
| &nbsp;&nbsp; 2855000 | Morgan Stanley, Sr. Unsecd. Note, 5.173%, 1/16/2030 | &nbsp;&nbsp; 2931812 |
| &nbsp;&nbsp; 5995000 | Morgan Stanley, Sr. Unsecd. Note, Series MTN, 5.652%, 4/13/2028 | &nbsp;&nbsp; 6108945 |
| &nbsp;&nbsp; 3000000 | National Bank of Canada, Sr. Unsecd. Note, 4.500%, 10/10/2029 | &nbsp;&nbsp; 3034637 |
| &nbsp;&nbsp; 6000000<br><sup>1</sup> <br>| NatWest Markets PLC, Sr. Unsecd. Note, 144A, 4.440% (SOFR +0.760%), 9/29/2026 | &nbsp;&nbsp; 6016714 |
| &nbsp;&nbsp; 2075000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 4.075%, 1/26/2029 | &nbsp;&nbsp; 2078412 |
| &nbsp;&nbsp; 1090000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 5.300%, 1/21/2028 | &nbsp;&nbsp; 1104053 |
| &nbsp;&nbsp; 2000000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 5.492%, 5/14/2030 | &nbsp;&nbsp; 2081421 |
| &nbsp;&nbsp; 1605000 | PNC Financial Services Group, Inc., Sr. Unsecd. Note, 5.582%, 6/12/2029 | &nbsp;&nbsp; 1661735 |
| &nbsp;&nbsp; 3305000 | Regions Financial Corp., Sr. Unsecd. Note, 5.722%, 6/6/2030 | &nbsp;&nbsp; 3453365 |
| &nbsp;&nbsp; 4000000 | Royal Bank of Canada, Sr. Unsecd. Note, 4.305%, 11/3/2031 | &nbsp;&nbsp; 3986241 |

---

**8**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Financial Institution - Banking—continued** |  |
| $3990000 | Royal Bank of Canada, Sr. Unsecd. Note, Series GMTN, 4.965%, 1/24/2029 | &nbsp;&nbsp; $4068984 |
| &nbsp;&nbsp; 2330000 | Societe Generale S.A., Sr. Non Preferred, 144A, 4.450%, 4/12/2030 | &nbsp;&nbsp; 2332057 |
| &nbsp;&nbsp; 4000000<br><sup>3</sup> <br>| Standard Chartered PLC, Sr. Unsecd. Note, 144A, 5.244%, 5/13/2031 | &nbsp;&nbsp; 4120836 |
| &nbsp;&nbsp; 4000000 | Synovus Bank GA, Sr. Unsecd. Note, 5.625%, 2/15/2028 | &nbsp;&nbsp; 4083640 |
| &nbsp;&nbsp; 1295000 | Synovus Financial Corp., Sr. Unsecd. Note, 6.168%, 11/1/2030 | &nbsp;&nbsp; 1350261 |
| &nbsp;&nbsp; 4000000<br><sup>1</sup> <br>| Toronto Dominion Bank, Sr. Unsecd. Note, 4.713% (SOFR +1.030%), 12/17/2029 | &nbsp;&nbsp; 4033667 |
| &nbsp;&nbsp; 1180000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 4.873%, 1/26/2029 | &nbsp;&nbsp; 1198839 |
| &nbsp;&nbsp; 3000000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 5.071%, 5/20/2031 | &nbsp;&nbsp; 3075093 |
| &nbsp;&nbsp; 2000000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 5.435%, 1/24/2030 | &nbsp;&nbsp; 2070238 |
| &nbsp;&nbsp; 4000000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 6.047%, 6/8/2027 | &nbsp;&nbsp; 4027789 |
| &nbsp;&nbsp; 2000000 | Truist Financial Corp., Sr. Unsecd. Note, Series MTN, 7.161%, 10/30/2029 | &nbsp;&nbsp; 2154026 |
| &nbsp;&nbsp; 6000000 | U.S. Bancorp, Sr. Unsecd. Note, 5.775%, 6/12/2029 | &nbsp;&nbsp; 6229826 |
| &nbsp;&nbsp; 4000000 | U.S. Bancorp, Sr. Unsecd. Note, 4.481%, 1/26/2032 | &nbsp;&nbsp; 4009611 |
| &nbsp;&nbsp; 3635000 | Wells Fargo & Co., Sr. Unsecd. Note, 5.198%, 1/23/2030 | &nbsp;&nbsp; 3743613 |
| &nbsp;&nbsp; 4000000 | Wells Fargo & Co., Sr. Unsecd. Note, 5.707%, 4/22/2028 | &nbsp;&nbsp; 4080864 |
| &nbsp;&nbsp; 1665000 | Westpac New Zealand Ltd., Sr. Unsecd. Note, 144A, 4.127%, 1/29/2029 | &nbsp;&nbsp; 1670321 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp; 222590450 |
|  | **Financial Institution - Finance Companies—1.3%** |  |
| &nbsp;&nbsp; 7077000 | AerCap Ireland Capital Ltd. / AerCap Global Aviation Trust, Sr. Unsecd. Note, 6.450%, 4/15/2027 | &nbsp;&nbsp; 7263873 |
| &nbsp;&nbsp; 4000000 | Air Lease Corp., Sr. Unsecd. Note, 5.100%, 3/1/2029 | &nbsp;&nbsp; 4075684 |
| &nbsp;&nbsp; 4130000 | Aircastle Ltd., Sr. Secd. Note, 144A, 5.000%, 9/15/2030 | &nbsp;&nbsp; 4186589 |
| &nbsp;&nbsp; 4570000 | Ally Financial, Inc., Sr. Unsecd. Note, 6.848%, 1/3/2030 | &nbsp;&nbsp; 4839029 |
| &nbsp;&nbsp; 2060000 | Ally Financial, Inc., Sr. Unsecd. Note, 6.992%, 6/13/2029 | &nbsp;&nbsp; 2173094 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22538269 |
|  | **Financial Institution - Insurance - Life—2.6%** |  |
| &nbsp;&nbsp; 5000000 | CoreBridge Global Funding, Sec. Fac. Bond, 144A, 5.200%, 1/12/2029 | &nbsp;&nbsp; 5137451 |
| &nbsp;&nbsp; 2400000 | CoreBridge Global Funding, Sr. Secd. Note, 144A, 4.550%, 1/9/2031 | &nbsp;&nbsp; 2395362 |
| &nbsp;&nbsp; 1695000 | Lincoln Financial Global Funding, Sec. Fac. Bond, 144A, 5.300%, 1/13/2030 | &nbsp;&nbsp; 1749833 |
| &nbsp;&nbsp; 1225000 | Lincoln Financial Global Funding, Sr. Secd. Note, 144A, 4.200%, 1/12/2029 | &nbsp;&nbsp; 1224242 |
| &nbsp;&nbsp; 1665000 | Lincoln Financial Global Funding, Sr. Secd. Note, 144A, 4.625%, 8/18/2030 | &nbsp;&nbsp; 1672721 |
| &nbsp;&nbsp; 4000000<br><sup>3</sup> <br>| MassMutual Global Funding II, Sr. Unsecd. Note, 144A, 4.850%, 1/17/2029 | &nbsp;&nbsp; 4092611 |
| &nbsp;&nbsp; 1640000 | Met Tower Global Funding, Secured Note, 144A, 4.000%, 1/14/2029 | &nbsp;&nbsp; 1637644 |
| &nbsp;&nbsp; 4000000 | Metropolitan Life Global Funding I, Sr. Secd. Note, 144A, 4.850%, 1/8/2029 | &nbsp;&nbsp; 4084888 |
| &nbsp;&nbsp; 4000000 | New York Life Global Funding, Secured Note, 144A, 4.050%, 2/2/2029 | &nbsp;&nbsp; 4006218 |
| &nbsp;&nbsp; 5000000 | Northwestern Mutual Global, Secured Note, 144A, 4.300%, 1/13/2031 | &nbsp;&nbsp; 4996555 |
| &nbsp;&nbsp; 4000000 | Pacific Life Global Funding II, Sec. Fac. Bond, 144A, 4.900%, 4/4/2028 | &nbsp;&nbsp; 4080589 |
| &nbsp;&nbsp; 4000000 | PRICOA Global Funding I, Secured Note, 144A, 4.350%, 11/25/2030 | &nbsp;&nbsp; 4006507 |
| &nbsp;&nbsp; 2855000 | PRICOA Global Funding I, Sr. Secd. Note, 144A, 5.550%, 8/28/2026 | &nbsp;&nbsp; 2882074 |
| &nbsp;&nbsp; 5000000 | Principal Life Global Funding II, Sr. Secd. Note, 144A, 4.450%, 1/13/2031 | &nbsp;&nbsp; 4994630 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 46961325 |
|  | **Financial Institution - Insurance - P&C—0.4%** |  |
| &nbsp;&nbsp; 4000000 | Aon North America, Inc., Sr. Unsecd. Note, 5.150%, 3/1/2029 | &nbsp;&nbsp; 4119957 |
| &nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| HSB Group, Inc., Co. Guarantee, Series B, 4.843% (CME Term SOFR 3 Month +1.171%), 7/15/2027 | &nbsp;&nbsp; 977863 |
| &nbsp;&nbsp; 1175000<br><sup>1</sup> <br>| Marsh & McLennan Cos., Inc., Sr. Unsecd. Note, 4.508% (SOFR +0.700%), 11/8/2027 | &nbsp;&nbsp; 1180787 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6278607 |
|  | **Financial Institution - REIT - Other—0.1%** |  |
| &nbsp;&nbsp; 1535000 | Host Hotels & Resorts LP, Sr. Unsecd. Note, 4.250%, 12/15/2028 | &nbsp;&nbsp; 1538666 |
|  | **Technology—2.8%** |  |
| &nbsp;&nbsp; 2985000 | Alphabet, Inc., Sr. Unsecd. Note, 4.100%, 11/15/2030 | &nbsp;&nbsp; 2988263 |
| &nbsp;&nbsp; 2000000 | Broadcom, Inc., Sr. Unsecd. Note, 4.200%, 10/15/2030 | &nbsp;&nbsp; 1994668 |

---

**9**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | CORPORATE BONDS—continued |  |
|  | **Technology—continued** |  |
| $2000000 | Broadcom, Inc., Sr. Unsecd. Note, 4.300%, 1/15/2031 | &nbsp;&nbsp; $1999357 |
| &nbsp;&nbsp; 1511000 | Broadcom, Inc., Sr. Unsecd. Note, 5.050%, 7/12/2027 | &nbsp;&nbsp; 1538268 |
| &nbsp;&nbsp; 6135000 | Concentrix Corp., Sr. Unsecd. Note, 6.650%, 8/2/2026 | &nbsp;&nbsp; 6194431 |
| &nbsp;&nbsp; 4000000 | Dell International LLC / EMC Corp., Sr. Unsecd. Note, 4.500%, 2/15/2031 | &nbsp;&nbsp; 3990844 |
| &nbsp;&nbsp; 4000000 | Fiserv, Inc., Sr. Unsecd. Note, 4.750%, 3/15/2030 | &nbsp;&nbsp; 4024878 |
| &nbsp;&nbsp; 6000000 | Global Payments, Inc., Sr. Unsecd. Note, 4.875%, 11/15/2030 | &nbsp;&nbsp; 6002774 |
| &nbsp;&nbsp; 1945000<br><sup>3</sup> <br>| Microchip Technology, Inc., Sr. Unsecd. Note, 5.050%, 3/15/2029 | &nbsp;&nbsp; 1990681 |
| &nbsp;&nbsp; 1835000 | Microchip Technology, Inc., Sr. Unsecd. Note, 5.050%, 2/15/2030 | &nbsp;&nbsp; 1878184 |
| &nbsp;&nbsp; 5175000 | Oracle Corp., Sr. Unsecd. Note, 4.200%, 9/27/2029 | &nbsp;&nbsp; 5092127 |
| &nbsp;&nbsp; 1875000 | Oracle Corp., Sr. Unsecd. Note, 4.450%, 9/26/2030 | &nbsp;&nbsp; 1830931 |
| &nbsp;&nbsp; 1585000 | Roper Technologies, Inc., Sr. Unsecd. Note, 4.450%, 9/15/2030 | &nbsp;&nbsp; 1589221 |
| &nbsp;&nbsp; 1165000 | Roper Technologies, Inc., Sr. Unsecd. Note, 4.500%, 10/15/2029 | &nbsp;&nbsp; 1177082 |
| &nbsp;&nbsp; 3000000 | S&P Global, Inc., Sr. Unsecd. Note, 144A, 4.250%, 1/15/2031 | &nbsp;&nbsp; 2995846 |
| &nbsp;&nbsp; 4615000 | Synopsys, Inc., Sr. Unsecd. Note, 4.850%, 4/1/2030 | &nbsp;&nbsp; 4710873 |
| &nbsp;&nbsp; 1000000 | Tyco Electronics Group S.A., Sr. Unsecd. Note, 4.500%, 2/9/2031 | &nbsp;&nbsp; 1009574 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51008002 |
|  | **Transportation - Railroads—0.1%** |  |
| &nbsp;&nbsp; 2210000 | Union Pacific Corp., Sr. Unsecd. Note, 4.750%, 2/21/2026 | &nbsp;&nbsp; 2210348 |
|  | **Transportation - Services—1.0%** |  |
| &nbsp;&nbsp; 6000000 | GXO Logistics, Inc., Sr. Unsecd. Note, 6.250%, 5/6/2029 | &nbsp;&nbsp; 6333247 |
| &nbsp;&nbsp; 2360000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 4.550%, 1/15/2031 | &nbsp;&nbsp; 2355948 |
| &nbsp;&nbsp; 3340000 | Penske Truck Leasing Co. LP & PTL Finance Corp., Sr. Unsecd. Note, 144A, 5.700%, 2/1/2028 | &nbsp;&nbsp; 3434444 |
| &nbsp;&nbsp; 5000000 | Ryder System, Inc., Sr. Unsecd. Note, 6.300%, 12/1/2028 | &nbsp;&nbsp; 5288401 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 17412040 |
|  | **Utility - Electric—1.6%** |  |
| &nbsp;&nbsp; 6000000 | Black Hills Corp., Sr. Unsecd. Note, 5.950%, 3/15/2028 | &nbsp;&nbsp; 6223647 |
| &nbsp;&nbsp; 4000000 | Constellation Energy Generation LLC, Sr. Unsecd. Note, 5.600%, 3/1/2028 | &nbsp;&nbsp; 4125132 |
| &nbsp;&nbsp; 1206233 | Consumers 2023 Securitization Funding LLC, Sec. Fac. Bond, Series A1, 5.550%, 3/1/2028 | &nbsp;&nbsp; 1217282 |
| &nbsp;&nbsp; 1345000 | Electricite de France S.A., Sr. Unsecd. Note, 144A, 5.700%, 5/23/2028 | &nbsp;&nbsp; 1391076 |
| &nbsp;&nbsp; 5000000 | Enel Finance International NV, Sr. Unsecd. Note, 144A, 4.375%, 9/30/2030 | &nbsp;&nbsp; 4990085 |
| &nbsp;&nbsp; 2725000 | EverSource Energy, Sr. Unsecd. Note, 4.450%, 12/15/2030 | &nbsp;&nbsp; 2721552 |
| &nbsp;&nbsp; 3925000 | NiSource, Inc., Sr. Unsecd. Note, 5.250%, 3/30/2028 | &nbsp;&nbsp; 4025128 |
| &nbsp;&nbsp; 3740000<br><sup>3</sup> <br>| Public Service Enterprises Group, Inc., Sr. Unsecd. Note, 4.900%, 3/15/2030 | &nbsp;&nbsp; 3825278 |
| &nbsp;&nbsp; 1080000 | Southern Power Co., Sr. Unsecd. Note, Series A, 4.250%, 10/1/2030 | &nbsp;&nbsp; 1077688 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29596868 |
|  | **Utility - Other—0.1%** |  |
| &nbsp;&nbsp; 1645000 | National Grid-SP PLC, Sr. Unsecd. Note, 5.602%, 6/12/2028 | &nbsp;&nbsp; 1701197 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL CORPORATE BONDS <br>(IDENTIFIED COST $601,450,831)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 611551185 |
|  | U.S. TREASURIES—5.0% |  |
|  | **U.S. Treasury Notes—5.0%** |  |
| &nbsp;&nbsp; 15000000 | United States Treasury Note, 3.375%, 9/15/2028 | &nbsp;&nbsp; 14922657 |
| &nbsp;&nbsp; 30000000 | United States Treasury Note, 3.500%, 9/30/2027 | &nbsp;&nbsp; 29986314 |
| &nbsp;&nbsp; 30000000 | United States Treasury Note, 4.250%, 11/30/2026 | &nbsp;&nbsp; 30162285 |
| &nbsp;&nbsp; 15000000 | United States Treasury Note, 4.250%, 2/28/2029 | &nbsp;&nbsp; 15270703 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL U.S. TREASURIES <br>(IDENTIFIED COST $89,831,635)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90341959 |
|  | COMMERCIAL MORTGAGE-BACKED SECURITIES—3.0% |  |
|  | **Commercial Mortgage—2.5%** |  |
| &nbsp;&nbsp; 8000000<br><sup>1</sup> <br>| BHMS Mortgage Trust 2025-ATLS, Class B, 6.230% (CME Term SOFR 1 Month +2.550%), 8/15/2042 | &nbsp;&nbsp; 8040005 |
| &nbsp;&nbsp; 3425000<br><sup>1</sup> <br>| Boca Commercial Mortgage Trust 2025-BOCA A, Class A, 5.280% (CME Term SOFR 1 Month +1.600%), 12/15/2042 | &nbsp;&nbsp; 3446416 |

---

**10**

------

---

| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | COMMERCIAL MORTGAGE-BACKED SECURITIES—continued |  |
|  | **Commercial Mortgage—continued** |  |
| $4200000 | CHI Commercial Mortgage Trust 2025-SFT, Class B, 6.066%, 4/15/2042 | &nbsp;&nbsp; $4294414 |
| &nbsp;&nbsp; 1000000<br><sup>1</sup> <br>| Fontainebleau Miami Beach Trust 2024-FBLU, Class B, 5.530% (CME Term SOFR 1 Month +1.850%), 12/15/2039 | &nbsp;&nbsp; 1003126 |
| &nbsp;&nbsp; 1625000<br><sup>1</sup> <br>| Fontainebleau Miami Beach Trust 2024-FBLU, Class C, 5.830% (CME Term SOFR 1 Month +2.150%), 12/15/2039 | &nbsp;&nbsp; 1633635 |
| &nbsp;&nbsp; 3000000<br><sup>1</sup> <br>| JW Commercial Mortgage Trust 2 2024-BERY, Class A, 5.273% (CME Term SOFR 1 Month +1.593%), 11/15/2039 | &nbsp;&nbsp; 3008415 |
| &nbsp;&nbsp; 1600000<br><sup>1</sup> <br>| JW Commercial Mortgage Trust 2 2024-BERY, Class B, 5.622% (CME Term SOFR 1 Month +1.942%), 11/15/2039 | &nbsp;&nbsp; 1605002 |
| &nbsp;&nbsp; 1050000<br><sup>1</sup> <br>| JW Commercial Mortgage Trust 2 2024-BERY, Class C, 5.922% (CME Term SOFR 1 Month +2.242%), 11/15/2039 | &nbsp;&nbsp; 1054594 |
| &nbsp;&nbsp; 8000000<br><sup>1</sup> <br>| JW Commercial Mortgage Trust 2 2024-MRCO, Class C, 6.070% (CME Term SOFR 1 Month +2.390%), 6/15/2039 | &nbsp;&nbsp; 8020007 |
| &nbsp;&nbsp; 7000000<br><sup>1</sup> <br>| ORL Trust 2024-GLKS, Class B, 5.572% (CME Term SOFR 1 Month +1.892%), 12/15/2039 | &nbsp;&nbsp; 7021888 |
| &nbsp;&nbsp; 1125000<br><sup>1</sup> <br>| TEXAS 2025-TWR, Class B, 5.272% (CME Term SOFR 1 Month +1.592%), 4/15/2042 | &nbsp;&nbsp; 1125702 |
| &nbsp;&nbsp; 600000<br><sup>1</sup> <br>| TEXAS 2025-TWR, Class C, 5.822% (CME Term SOFR 1 Month +2.141%), 4/15/2042 | &nbsp;&nbsp; 601501 |
| &nbsp;&nbsp; 4000000<br><sup>1</sup> <br>| TEXAS Commercial Mortgage Trust 2025-TWR, Class A, 4.973% (CME Term SOFR 1 Month +1.293%), 4/15/2042 | &nbsp;&nbsp; 3992500 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44847205 |
|  | **Federal Home Loan Mortgage Corporation—0.5%** |  |
| &nbsp;&nbsp; 2236536<br><sup>1</sup> <br>| FHLMC REMIC, Series KF95, Class AL, 4.161% (30-DAY AVERAGE SOFR +0.374%), 11/25/2030 | &nbsp;&nbsp; 2226425 |
| &nbsp;&nbsp; 7898089 | FHLMC REMIC, Series K105, Class A1, 1.536%, 9/25/2029 | &nbsp;&nbsp; 7526879 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9753304 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COMMERCIAL MORTGAGE-BACKED SECURITIES <br>(IDENTIFIED COST $54,732,887)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54600509 |
|  | MORTGAGE-BACKED SECURITIES—2.2% |  |
|  | **Federal Home Loan Mortgage Corporation—1.5%** |  |
| &nbsp;&nbsp; 10453114 | FHLMC Pool QI0122, 6.000%, 2/1/2054 | &nbsp;&nbsp; 10729812 |
| &nbsp;&nbsp; 8397355 | FHLMC Pool QI4114, 6.500%, 4/1/2054 | &nbsp;&nbsp; 8710541 |
| &nbsp;&nbsp; 6601168 | FHLMC Pool SD8433, 6.500%, 5/1/2054 | &nbsp;&nbsp; 6830964 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26271317 |
|  | **Federal National Mortgage Association—0.7%** |  |
| &nbsp;&nbsp; 20777 | FNMA Pool 728568, 6.500%, 10/1/2033 | &nbsp;&nbsp; 21887 |
| &nbsp;&nbsp; 5801255 | FNMA Pool DA1519, 6.000%, 10/1/2053 | &nbsp;&nbsp; 5946904 |
| &nbsp;&nbsp; 6387347 | FNMA Pool DA5003, 6.000%, 11/1/2053 | &nbsp;&nbsp; 6544882 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12513673 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL MORTGAGE-BACKED SECURITIES <br>(IDENTIFIED COST $37,720,453)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38784990 |
|  | COLLATERALIZED MORTGAGE OBLIGATIONS—0.5% |  |
|  | **Federal Home Loan Mortgage Corporation—0.0%** |  |
| &nbsp;&nbsp; 1058 | FHLMC REMIC, Series 2091, Class PG, 6.000%, 11/15/2028 | &nbsp;&nbsp; 1079 |
| &nbsp;&nbsp; 6353 | FHLMC REMIC, Series 2647, Class A, 3.250%, 4/15/2032 | &nbsp;&nbsp; 6259 |
| &nbsp;&nbsp; 191253<br><sup>1</sup> <br>| FHLMC REMIC, Series 3117, Class FE, 4.121% (30-DAY AVERAGE SOFR +0.414%), 2/15/2036 | &nbsp;&nbsp; 190146 |
| &nbsp;&nbsp; 21372<br><sup>1</sup> <br>| FHLMC REMIC, Series 3152, Class WF, 4.281% (30-DAY AVERAGE SOFR +0.574%), 2/15/2034 | &nbsp;&nbsp; 21340 |
| &nbsp;&nbsp; 67037<br><sup>1</sup> <br>| FHLMC REMIC, Series 3317, Class F, 4.221% (30-DAY AVERAGE SOFR +0.514%), 7/15/2036 | &nbsp;&nbsp; 66963 |
| &nbsp;&nbsp; 31167<br><sup>1</sup> <br>| FHLMC REMIC, Series 3542, Class NF, 4.571% (30-DAY AVERAGE SOFR +0.864%), 7/15/2036 | &nbsp;&nbsp; 31324 |
| &nbsp;&nbsp; 93856<br><sup>1</sup> <br>| FHLMC REMIC, Series 3556, Class FA, 4.731% (30-DAY AVERAGE SOFR +1.024%), 7/15/2037 | &nbsp;&nbsp; 94958 |
| &nbsp;&nbsp; 69589 | FHLMC REMIC, Series T-51, Class 1A, 6.500%, 9/25/2043 | &nbsp;&nbsp; 73298 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 485367 |
|  | **Federal National Mortgage Association—0.3%** |  |
| &nbsp;&nbsp; 6338 | FNMA REMIC, Series 1997-81, Class PD, 6.350%, 12/18/2027 | &nbsp;&nbsp; 6419 |
| &nbsp;&nbsp; 9851<br><sup>1</sup> <br>| FNMA REMIC, Series 2002-52, Class FG, 4.311% (30-DAY AVERAGE SOFR +0.614%), 9/25/2032 | &nbsp;&nbsp; 9863 |
| &nbsp;&nbsp; 437 | FNMA REMIC, Series 2003-35, Class UC, 3.750%, 5/25/2033 | &nbsp;&nbsp; 435 |
| &nbsp;&nbsp; 41007<br><sup>1</sup> <br>| FNMA REMIC, Series 2006-44, Class FK, 4.241% (30-DAY AVERAGE SOFR +0.544%), 6/25/2036 | &nbsp;&nbsp; 40950 |
| &nbsp;&nbsp; 273273<br><sup>1</sup> <br>| FNMA REMIC, Series 2007-97, Class FE, 4.261% (30-DAY AVERAGE SOFR +0.564%), 7/25/2037 | &nbsp;&nbsp; 271822 |
| &nbsp;&nbsp; 33682<br><sup>1</sup> <br>| FNMA REMIC, Series 2008-69, Class FB, 4.811% (30-DAY AVERAGE SOFR +1.114%), 6/25/2037 | &nbsp;&nbsp; 34107 |
| &nbsp;&nbsp; 4716<br><sup>1</sup> <br>| FNMA REMIC, Series 2009-63, Class FB, 4.311% (30-DAY AVERAGE SOFR +0.614%), 8/25/2039 | &nbsp;&nbsp; 4720 |
| &nbsp;&nbsp; 76863<br><sup>1</sup> <br>| FNMA REMIC, Series 2009-69, Class F, 4.661% (30-DAY AVERAGE SOFR +0.964%), 4/25/2037 | &nbsp;&nbsp; 77512 |

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**11**

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| | | |
|:---|:---|:---|
| **Principal**<br> **Amount**<br> **or Shares**<br>|  | **Value** |
|  | COLLATERALIZED MORTGAGE OBLIGATIONS—continued |  |
|  | **Federal National Mortgage Association—continued** |  |
| $107308<br><sup>1</sup> <br>| FNMA REMIC, Series 2010-74, Class AF, 4.351% (30-DAY AVERAGE SOFR +0.654%), 7/25/2037 | &nbsp;&nbsp; $107037 |
| &nbsp;&nbsp; 62622<br><sup>1</sup> <br>| FNMA REMIC, Series 2011-17, Class FP, 4.261% (30-DAY AVERAGE SOFR +0.564%), 3/25/2041 | &nbsp;&nbsp; 62604 |
| &nbsp;&nbsp; 634316<br><sup>1</sup> <br>| FNMA REMIC, Series 2012-1, Class PF, 4.211% (30-DAY AVERAGE SOFR +0.514%), 2/25/2042 | &nbsp;&nbsp; 627689 |
| &nbsp;&nbsp; 502207<br><sup>1</sup> <br>| FNMA REMIC, Series 2017-24, Class FB, 4.161% (30-DAY AVERAGE SOFR +0.464%), 4/25/2047 | &nbsp;&nbsp; 495117 |
| &nbsp;&nbsp; 2871439<br><sup>1</sup> <br>| FNMA REMIC, Series 2020-68, Class FB, 4.111% (30-DAY AVERAGE SOFR +0.414%), 10/25/2060 | &nbsp;&nbsp; 2760629 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4498904 |
| <sup>1</sup> <br>| **Government National Mortgage Association—0.0%** |  |
| &nbsp;&nbsp; 210196 | GNMA REMIC, Series 2013-H16, Class FA, 4.489% (CME Term SOFR 1 Month +0.654%), 7/20/2063 | &nbsp;&nbsp; 210366 |
| &nbsp;&nbsp; 103373 | GNMA REMIC, Series 2013-H17, Class FA, 4.499% (CME Term SOFR 1 Month +0.664%), 7/20/2063 | &nbsp;&nbsp; 103477 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 313843 |
|  | **Non-Agency Mortgage—0.2%** |  |
| &nbsp;&nbsp; 1747 | Banc of America Mortgage Securities 2003-B, Class 2A2, 5.615%, 3/25/2033 | &nbsp;&nbsp; 1663 |
| &nbsp;&nbsp; 2502369 | Chase Mortgage Finance Corp. 2023-1, Class A4, 6.000%, 6/25/2054 | &nbsp;&nbsp; 2531430 |
| &nbsp;&nbsp; 2064 | Countrywide Alternative Loan Trust 2003-J3, Class 2A1, 6.250%, 12/25/2033 | &nbsp;&nbsp; 2081 |
| &nbsp;&nbsp; 50861 | Residential Accredit Loans, Inc. 2004-QA4, Class NB1, 5.568%, 9/25/2034 | &nbsp;&nbsp; 41406 |
| &nbsp;&nbsp; 417055 | Sequoia Mortgage Trust 2012-6, Class A2, 1.808%, 12/25/2042 | &nbsp;&nbsp; 365858 |
| &nbsp;&nbsp; 302035 | Sequoia Mortgage Trust 2013-2, Class A, 1.874%, 2/25/2043 | &nbsp;&nbsp; 260573 |
| &nbsp;&nbsp; 131613<br><sup>1</sup> <br>| Washington Mutual 2006-AR15, Class 1A, 4.508% (Fed Reserve 12Mo Cumulative Avg 1 Yr CMT +0.840%), 11/25/2046 | &nbsp;&nbsp; 122277 |
| &nbsp;&nbsp; 148352<br><sup>1</sup> <br>| Washington Mutual 2006-AR17, Class 1A, 3.848% (Fed Reserve 12Mo Cumulative Avg 1 Yr CMT +0.820%), 12/25/2046 | &nbsp;&nbsp; 125914 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3451202 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL COLLATERALIZED MORTGAGE OBLIGATIONS <br>(IDENTIFIED COST $8,957,429)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8749316 |
|  | AGENCY RISK TRANSFER SECURITY—0.2% |  |
| &nbsp;&nbsp; 4000000<br><sup>1</sup> <br>| FNMA CAS 2023-R08, Series 2023-R08, Class 1M2, 6.197% (30-DAY AVERAGE SOFR +2.500%), 10/25/2043 <br>(IDENTIFIED COST $4,000,000)<br>| &nbsp;&nbsp; 4076706 |
| <sup>1</sup> <br>| ADJUSTABLE RATE MORTGAGES—0.0% |  |
|  | **Federal Home Loan Mortgage Corporation—0.0%** |  |
| &nbsp;&nbsp; 781 | FHLMC ARM, 5.348%, 11/1/2030 | &nbsp;&nbsp; 786 |
| &nbsp;&nbsp; 87545 | FHLMC ARM, 6.285%, 3/1/2033 | &nbsp;&nbsp; 88718 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 89504 |
|  | **Federal National Mortgage Association—0.0%** |  |
| &nbsp;&nbsp; 74917 | FNMA ARM, 4.175%, 8/1/2033 | &nbsp;&nbsp; 73443 |
| &nbsp;&nbsp; 21954 | FNMA ARM, 4.720%, 5/1/2034 | &nbsp;&nbsp; 21630 |
| &nbsp;&nbsp; 23239 | FNMA ARM, 4.778%, 4/1/2028 | &nbsp;&nbsp; 23105 |
| &nbsp;&nbsp; 27692 | FNMA ARM, 5.427%, 5/1/2040 | &nbsp;&nbsp; 27690 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 145868 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL ADJUSTABLE RATE MORTGAGES <br>(IDENTIFIED COST $237,937)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235372 |
|  | INVESTMENT COMPANIES—13.8% |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 8223374 | Bank Loan Core Fund | &nbsp;&nbsp; 69734211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 1918124 | Emerging Markets Core Fund | &nbsp;&nbsp; 17493291 |
| &nbsp;&nbsp; 121542606 | Federated Hermes Government Obligations Fund, Premier Shares, 3.59%<sup>4</sup> <br>| &nbsp;&nbsp; 121542606 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4371673 | Project and Trade Finance Core Fund | &nbsp;&nbsp; 39039042 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT COMPANIES <br>(IDENTIFIED COST $248,718,816)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 247809150 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; TOTAL INVESTMENT IN SECURITIES—101.8% <br>(IDENTIFIED COST $1,812,823,655)<br>| &nbsp;&nbsp; 1828304290 |
|  | &nbsp;&nbsp;&nbsp;&nbsp; OTHER ASSETS AND LIABILITIES - NET—(1.8)%<sup>5</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (33113365) |
|  | &nbsp;&nbsp;&nbsp;&nbsp; NET ASSETS—100% | &nbsp;&nbsp; $1795190925 |

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**12**

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Transactions with affiliated investment companies, which are funds managed by the Adviser or an affiliate of the Adviser, during the period ended January 31, 2026, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Affiliates** | **Value as of** <br>**4/30/2025**<br>| **Purchases** <br>**at Cost**<br>| **Proceeds** <br>**from Sales**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**Depreciation**<br>| **Net** <br>**Realized** <br>**Gain/** <br>**(Loss)**<br>| **Value as of** <br>**1/31/2026**<br>| **Shares** <br>**Held as of** <br>**1/31/2026**<br>| **Dividend** <br>**Income**<br>|
| Bank Loan Core Fund | $25989306 | $44326587 | $— | $(581682) | $— | $69734211 | &nbsp;&nbsp;&nbsp; 8223374 | $2084621 |
| Emerging Markets Core Fund | $— | $17512459 | $— | $(19168) | $— | $17493291 | &nbsp;&nbsp;&nbsp; 1918124 | $15637 |
| Federated Hermes Government Obligations <br> Fund, Premier Shares\*<br>| $26741456 | $522448913 | $(427647763) | $— | $— | $121542606 | 121542606 | $2309243 |
| Project and Trade Finance Core Fund | $13289038 | $25657407 | $— | $92597 | $— | $39039042 | &nbsp;&nbsp;&nbsp; 4371673 | $1163344 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL OF AFFILIATED TRANSACTIONS | $66019800 | $609945366 | $(427647763) | $(508253) | $— | $247809150 | 136055777 | $5572845 |

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

\* *All or a portion of the balance/activity for the fund relates to cash collateral received on securities lending transactions.*

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

---

| | |
|:---|:---|
| 1 | *Floating/adjustable note with current rate and current maturity or next reset date shown. Adjustable rate mortgage security coupons are based on the weighted* <br> *average note rates of the underlying mortgages less the guarantee and servicing fees. These securities do not indicate an index and spread in their description* <br> *above.*<br>|
| 2 | *Market quotations and price evaluations are not available. Fair value determined using significant unobservable inputs in accordance with procedures established* <br> *by and under the general supervision of the Fund's Adviser acting through its Valuation Committee.*<br>|
| 3 | *All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers. As of January 31, 2026, securities subject to this type of arrangement* <br> *and related collateral were as follows:*<br>|

---

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

---

| | |
|:---|:---|
| **Fair Value of** <br>**Securities Loaned**<br>| **Collateral** <br>**Received**<br>|
| $13882014 | &nbsp;&nbsp; $14237138 |

---

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

4 *7-day net yield.* <br> 5 *Assets, other than investments in securities, less liabilities.*

Note: The categories of investments are shown as a percentage of net assets at January 31, 2026.

**Investment Valuation** 

In calculating its net asset value (NAV), the Fund generally values investments as follows:

■ Fixed-income securities are fair valued using price evaluations provided by a pricing service approved by Federated Investment Management Company (the "Adviser").

■ Shares of other mutual funds or non-exchange-traded investment companies are valued based upon their reported NAVs, or NAV per share practical expedient, as applicable.

■ Derivative contracts listed on exchanges are valued at their reported settlement or closing price, except that options are valued at the mean of closing bid and ask quotations.

■ Over-the-counter (OTC) derivative contracts are fair valued using price evaluations provided by a pricing service approved by the Adviser.

■ For securities that are fair valued in accordance with procedures established by and under the general supervision of the Adviser, certain factors may be considered, such as: the last traded or purchase price of the security, information obtained by contacting the issuer or dealers, analysis of the issuer's financial statements or other available documents, fundamental analytical data, the nature and duration of restrictions on disposition, the movement of the market in which the security is normally traded, public trading in similar securities or derivative contracts of the issuer or comparable issuers, movement of a relevant index, or other factors including but not limited to industry changes and relevant government actions.

If any price, quotation, price evaluation or other pricing source is not readily available when the NAV is calculated, if the Fund cannot obtain price evaluations from a pricing service or from more than one dealer for an investment within a reasonable period of time as set forth in the Adviser's valuation policies and procedures for the Fund, or if information furnished by a pricing service, in the opinion of the Adviser's valuation committee ("Valuation Committee"), is deemed not representative of the fair value of such security, the Fund uses the fair value of the investment determined in accordance with the procedures described below. There can be no assurance that the Fund could obtain the fair value assigned to an investment if it sold the investment at approximately the time at which the Fund determines its NAV per share, and the actual value obtained could be materially different.

**Fair Valuation and Significant Events Procedures** 

Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended, the Fund's Board of Trustees (the "Trustees") has designated the Adviser as the Fund's valuation designee to perform any fair value determinations for securities and other assets held by the Fund. The Adviser is subject to the Trustees' oversight and certain reporting and other requirements intended to provide the Trustees the information needed to oversee the Adviser's fair value determinations.

The Adviser, acting through its Valuation Committee, is responsible for determining the fair value of investments for which market quotations are not readily available. The Valuation Committee is comprised of officers of the Adviser and certain of the Adviser's affiliated companies and determines fair value and oversees the calculation of the NAV. The Valuation Committee is also authorized to use pricing services to provide fair value evaluations of the current value of certain investments for purposes of calculating the NAV. The

**13**

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Valuation Committee employs various methods for reviewing third-party pricing-service evaluations including periodic reviews of third-party pricing services' policies, procedures and valuation methods (including key inputs, methods, models and assumptions), transactional back-testing, comparisons of evaluations of different pricing services, and review of price challenges by the Adviser based on recent market activity. In the event that market quotations and price evaluations are not available for an investment, the Valuation Committee determines the fair value of the investment in accordance with procedures adopted by the Adviser. The Trustees periodically review the fair valuations made by the Valuation Committee. The Trustees have also approved the Adviser's fair valuation and significant events procedures as part of the Fund's compliance program and will review any changes made to the procedures.

Factors considered by pricing services in evaluating an investment include the yields or prices of investments of comparable quality, coupon, maturity, call rights and other potential prepayments, terms and type, reported transactions, indications as to values from dealers and general market conditions. Some pricing services provide a single price evaluation reflecting the bid-side of the market for an investment (a "bid" evaluation). Other pricing services offer both bid evaluations and price evaluations indicative of a price between the prices bid and ask for the investment (a "mid" evaluation). The Fund normally uses bid evaluations for any U.S. Treasury and Agency securities, mortgage-backed securities and municipal securities. The Fund normally uses mid evaluations for any other types of fixed-income securities and any OTC derivative contracts. In the event that market quotations and price evaluations are not available for an investment, the fair value of the investment is determined in accordance with procedures adopted by the Adviser.

The Adviser has also adopted procedures requiring an investment to be priced at its fair value whenever the Valuation Committee determines that a significant event affecting the value of the investment has occurred between the time as of which the price of the investment would otherwise be determined and the time as of which the NAV is computed. An event is considered significant if there is both an affirmative expectation that the investment's value will change in response to the event and a reasonable basis for quantifying the resulting change in value. Examples of significant events that may occur after the close of the principal market on which a security is traded, or after the time of a price evaluation provided by a pricing service or a dealer, include:

■ With respect to securities traded principally in foreign markets, significant trends in U.S. equity markets or in the trading of foreign securities index futures contracts;

■ Political or other developments affecting the economy or markets in which an issuer conducts its operations or its securities are traded;

■ Announcements concerning matters such as acquisitions, recapitalizations, litigation developments, or a natural disaster affecting the issuer's operations or regulatory changes or market developments affecting the issuer's industry.

The Adviser has adopted procedures whereby the Valuation Committee uses a pricing service to provide factors to update the fair value of equity securities traded principally in foreign markets from the time of the close of their respective foreign stock exchanges to the pricing time of the Fund. For other significant events, the Fund may seek to obtain more current quotations or price evaluations from alternative pricing sources. If a reliable alternative pricing source is not available, the Valuation Committee will determine the fair value of the investment in accordance with the fair valuation procedures approved by the Adviser. The Trustees periodically review fair valuations made in response to significant events.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below:

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

Level 2—other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Also includes securities valued at amortized cost.

Level 3—significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

**14**

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>The following is a summary of the inputs used, as of January 31, 2026, in valuing the Fund's assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** | **Valuation Inputs** |
|  | **Level 1—** <br>**Quoted** <br>**Prices**<br>| **Level 2—** <br>**Other** <br>**Significant** <br>**Observable** <br>**Inputs**<br>| **Level 3—** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Debt Securities:** |  |  |  |  |
| Asset-Backed Securities | &nbsp;&nbsp; $— | &nbsp;&nbsp; $772155103 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $772155103 |
| Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 611551185 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 611551185 |
| U.S. Treasuries | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90341959 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 90341959 |
| Commercial Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54600509 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 54600509 |
| Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38784990 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38784990 |
| Collateralized Mortgage Obligations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8749316 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8749316 |
| Agency Risk Transfer Security | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4076706 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4076706 |
| Adjustable Rate Mortgages | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235372 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235372 |
| **Investment Companies** | &nbsp;&nbsp; 208770108 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 208770108 |
| **Other Investments**<sup>1</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39039042 |
| &nbsp;&nbsp;&nbsp;&nbsp; TOTAL SECURITIES | &nbsp;&nbsp; $208770108 | &nbsp;&nbsp; $1580495140 | &nbsp;&nbsp; $0 | &nbsp;&nbsp; $1828304290 |

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

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| | |
|:---|:---|
| 1 | *As permitted by U.S. generally accepted accounting principles (GAAP), an Investment Company valued at $39,039,042 is measured at fair value using the net* <br> *asset value (NAV) per share practical expedient and has not been categorized in the fair value hierarchy chart above but is included in the Total column. The price* <br> *of shares redeemed of Project and Trade Finance Core Fund (PTCORE), a portfolio of Federated Hermes Core Trust III, may be determined as of the closing NAV* <br> *of the fund up to twenty-four days after receipt of a shareholder redemption request. The investment objective of PTCORE is to provide total return. Copies of* <br> *the PTCORE financial statements are available on the EDGAR database on the SEC's website or upon request from the Fund.*<br>|

---

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

---

| | |
|:---|:---|
| The following acronym(s) are used throughout this portfolio: | The following acronym(s) are used throughout this portfolio: |
| ARM | —Adjustable Rate Mortgage |
| BKNT | —Bank Notes |
| CAS | —Connecticut Avenue Securities |
| CMT | —Constant Maturity Treasury |
| FHLMC | —Federal Home Loan Mortgage Corporation |
| FNMA | —Federal National Mortgage Association |
| GMTN | —Global Medium Term Note |
| GNMA | —Government National Mortgage Association |
| MTN | —Medium Term Note |
| REIT | —Real Estate Investment Trust |
| REMIC | —Real Estate Mortgage Investment Conduit |
| SOFR | —Secured Overnight Financing Rate |

---

**15**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Federated Hermes Income Securities Trust

- **b. Investment Company Act file number:** 811-04577

- **c. CIK number of Registrant:** 0000789281

- **d. LEI of Registrant:** 254900ZSL64R3SX7WJ45

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

  - **Street Address 1:** Federated Hermes Funds

  - **City:** Warrendale

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 15086-7561

  - **Telephone number:** 8003417400

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

- **a. Name of Series:** Federated Hermes Short-Term Income Fund

- **b. EDGAR series identifier (if any):** S000009077

- **c. LEI of Series:** 4BQWWIPPC5NRMP9CZO12

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-01-31

**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:** $1833062648.03

**Total Liabilities:** $44320252.13

**Net Assets:** $1788742395.90

**Delayed Delivery Securities:** $1009070.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -6436.683070000000 | **1-Year:** -119473.121851000000 | **5-Year:** -163232.475682000000 | **10-Year:** -3991.493829000000 | **30-Year:** -267.325073000000

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

- **3-Month:** -116.521448000000 | **1-Year:** -1433.723774000000 | **5-Year:** -1775.470986000000 | **10-Year:** -77.514126000000 | **30-Year:** -14.888059000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000024660 | 0.49%                | 0.37%                | 0.37%                |
| Class ID C000024661 | 0.51%                | 0.40%                | 0.28%                |
| Class ID C000024662 | 0.49%                | 0.37%                | 0.25%                |
| Class ID C000176845 | 0.52%                | 0.40%                | 0.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $273.45                  | $1855388.61                                |
| Month 2  | $8187.08                 | $-89461.43                                 |
| Month 3  | $148821.78               | $-1775979.86                               |

**Designated Index Information**

- **Index Name:** Bloomberg US Government 1-3 Yr Index Level Daily USD

- **Index Identifier:** LGC3TRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AON NORTH AMERICA INC                                                    | Aon North America Inc                                                           | CUSIP: 03740MAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4119956.72   | 0.23%             | 2029-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                                    | ARI Fleet Lease Trust 2024-B                                                    | CUSIP: 04033HAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $2795870.96   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BOF URSA FUNDING                                                         | BOF URSA FUNDING                                                                | CUSIP: 072926AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1850000 | PA      | $1873592.87   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CAMPBELLS COMPANY/THE                                                    | Campbell's Company/The                                                          | CUSIP: 134462AA8<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   3910000 | PA      | $3883197.30   | 0.22%             | 2031-03-21      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                 | Capital One Financial Corp                                                      | CUSIP: 14040HCX1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4100341.12   | 0.23%             | 2029-02-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2026-1                                                  | CUSIP: 14320XAH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1004105.75   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                                   | Chase Auto Owner Trust 2024-4                                                   | CUSIP: 16144YAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3560000 | PA      | $3598193.82   | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DLLAD LLC                                                                | DLLAD 2023-1 LLC                                                                | CUSIP: 233258AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2032965 | PA      | $2045273.60   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                                             | Drive Auto Receivables Trust                                                    | CUSIP: 262102AF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3560327.93   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                             | Enbridge Inc                                                                    | CUSIP: 29250NBW4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    890000 | PA      | $902678.70    | 0.05%             | 2026-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                                              | Evergreen Credit Card Trust                                                     | CUSIP: 30023JCY2<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |   1400000 | PA      | $1412020.68   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                                              | Evergreen Credit Card Trust                                                     | CUSIP: 30023JDB1<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |   3000000 | PA      | $2983698.90   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                                                 | CUSIP: 31402GMR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     20777 | PA      | $21886.51     | 0.00%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                                                 | CUSIP: 3140A5RZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6387348 | PA      | $6544881.89   | 0.37%             | 2053-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                                 | Ford Credit Floorplan Master Owner Trust A                                      | CUSIP: 34528QHY3<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   7500000 | PA      | $7526936.25   | 0.42%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HOWMET AEROSPACE INC                                                     | Howmet Aerospace Inc                                                            | CUSIP: 443201AC2<br>LEI: 549300HO5WFZUT5N2T22 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3080696.97   | 0.17%             | 2031-10-15      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                           | Hyundai Auto Receivables Trust 2024-A                                           | CUSIP: 448973AG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3083167.80   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                      | JPMorgan Chase & Co                                                             | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5051507.05   | 0.28%             | 2028-01-23      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| BOF URSA FUNDING                                                         | BOF URSA FUNDING                                                                | CUSIP: 072926AF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2350000 | PA      | $2400024.92   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                                   | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAV6<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3004539.84   | 0.17%             | 2030-10-16      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                               | LAD Auto Receivables Trust 2024-3                                               | CUSIP: 505709AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1375000 | PA      | $1378948.31   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LINCOLN FIN GLBL FUNDING                                                 | Lincoln Financial Global Funding                                                | CUSIP: 53359KAC5<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |   1665000 | PA      | $1672720.70   | 0.09%             | 2030-08-18      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                                                  | MPLX LP                                                                         | CUSIP: 55336VCA6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   3980000 | PA      | $4024451.78   | 0.22%             | 2031-02-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                                      | PenFed Auto Receivables Owner Trust 2022-A                                      | CUSIP: 706874AE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    414346 | PA      | $414428.59    | 0.02%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AIRCASTLE / IRELAND DAC                                                  | Aircastle Ltd / Aircastle Ireland DAC                                           | CUSIP: 00929JAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   4130000 | PA      | $4186589.01   | 0.23%             | 2030-09-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| CITIZENS FINANCIAL GROUP                                                 | Citizens Financial Group Inc                                                    | CUSIP: 174610BF1<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2357667.35   | 0.13%             | 2030-01-23      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Countrywide Alternative Loan Trust                                       | Alternative Loan Trust 2003-J3                                                  | CUSIP: 12669FFD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2064 | PA      | $2081.28      | 0.00%             | 2033-12-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CARDS II Trust                                                           | CARDS II Trust                                                                  | CUSIP: 14161GCK4<br>LEI: 549300GWPYLNK6X47W76 | Long             | ABS-O            | CORP              | CA        |   2300000 | PA      | $2293301.25   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                                             | Drive Auto Receivables Trust 2025-2                                             | CUSIP: 262103AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5505846.50   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term Auto Receivables Tr                        | GM Financial Consumer Automobile Receivables Trust 2023-3                       | CUSIP: 36267KAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3250000 | PA      | $3303861.60   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term Auto Receivables Tr                        | GM Financial Consumer Automobile Receivables Trust 2023-3                       | CUSIP: 36267KAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3046672.50   | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust                                  | Securitized Term Auto Receivables Trust                                         | CUSIP: 81378WAF0<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | CA        |   3675000 | PA      | $3680196.08   | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                   | General Motors Financial Co Inc                                                 | CUSIP: 37045XFB7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5169211.40   | 0.29%             | 2030-01-07      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| HCA INC                                                                  | HCA Inc                                                                         | CUSIP: 404119CT4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2079890.32   | 0.12%             | 2031-04-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| PenFed Auto Receivables Owner Trust                                      | PenFed Auto Receivables Owner Trust 2022-A                                      | CUSIP: 706874AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $800717.56    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                 | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599CC6<br>LEI: 549300ZX07JYMI8GHQ39 | Long             | DBT              | CORP              | US        |   2360000 | PA      | $2355948.23   | 0.13%             | 2031-01-15      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                                    | HPEFS Equipment Trust 2023-2                                                    | CUSIP: 44328UAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3527429.50   | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NextGear Floorplan Master Owner Trust                                    | NextGear Floorplan Master Owner Trust                                           | CUSIP: 65341KCD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6048732.90   | 0.34%             |  |  |  | Yes           |                  2 | On Loan: No      |
| COLUMBIA PIPELINE HOLDCO                                                 | Columbia Pipelines Holding Co LLC                                               | CUSIP: 19828AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3180000 | PA      | $3313699.09   | 0.19%             | 2028-08-15      | Fixed         | 6.04%                 | Yes           |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL                                                 | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3340000 | PA      | $3434443.74   | 0.19%             | 2028-02-01      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                     | Royal Bank of Canada                                                            | CUSIP: 78017DAQ1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $3986240.52   | 0.22%             | 2031-11-03      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                            | CUSIP: 92348KDH3<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5043049.50   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                                              | Evergreen Credit Card Trust                                                     | CUSIP: 30023JDA3<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |   1000000 | PA      | $1000910.15   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                                    | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150BE3<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3087644.49   | 0.17%             | 2031-01-15      | Fixed         | 5.27%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                                               | Pfizer Inc                                                                      | CUSIP: 717081FD0<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   3455000 | PA      | $3464483.04   | 0.19%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CITIZENS BANK NA/RI                                                      | Citizens Bank NA/Providence RI                                                  | CUSIP: 75524KSA3<br>LEI: DRMSV1Q0EKMEXLAU1P80 | Long             | DBT              | CORP              | US        |   2165000 | PA      | $2168864.68   | 0.12%             | 2029-01-29      | Fixed         | 4.19%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                                              | SBNA Auto Receivables Trust 2025-SF1                                            | CUSIP: 78437XAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2225000 | PA      | $2238131.06   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                                   | Sequoia Mortgage Trust 2012-6                                                   | CUSIP: 81744NAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    417055 | PA      | $365858.10    | 0.02%             | 2042-12-25      | Variable      | 1.81%                 | No            |                  2 | On Loan: No      |
| Master Credit Card Trust                                                 | Master Credit Card Trust                                                        | CUSIP: 576339DA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |   5000000 | PA      | $5153311.75   | 0.29%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Sequoia Mortgage Trust                                                   | Sequoia Mortgage Trust 2013-2                                                   | CUSIP: 81745MAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    302035 | PA      | $260573.38    | 0.01%             | 2043-02-25      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| SYNOPSYS INC                                                             | Synopsys Inc                                                                    | CUSIP: 871607AC1<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | DBT              | CORP              | US        |   4615000 | PA      | $4710872.52   | 0.26%             | 2030-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                                                   | Tesla Auto Lease Trust 2023-B                                                   | CUSIP: 88167QAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4144573 | PA      | $4151080.91   | 0.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                    | Truist Financial Corp                                                           | CUSIP: 89788MAN2<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4027789.44   | 0.23%             | 2027-06-08      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                               | US Bancorp                                                                      | CUSIP: 91159HJW1<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4009610.88   | 0.22%             | 2032-01-26      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP                                                       | Union Pacific Corp                                                              | CUSIP: 907818GE2<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |   2210000 | PA      | $2210348.34   | 0.12%             | 2026-02-21      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WESTPAC NEW ZEALAND LTD                                                  | Westpac New Zealand Ltd                                                         | CUSIP: 96122FAF4<br>LEI: 549300MW73M5PK1PNG73 | Long             | DBT              | CORP              | NZ        |   1665000 | PA      | $1670321.37   | 0.09%             | 2029-01-29      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2024-A                                | CUSIP: 02007GZ71<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    453288 | PA      | $460448.80    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                   | American Honda Finance Corp                                                     | CUSIP: 02665WFT3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   3335000 | PA      | $3365632.24   | 0.19%             | 2027-10-22      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | Carmax Auto Owner Trust 2025-3                                                  | CUSIP: 14290FAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1017940.65   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding LLC                                           | Wheels Fleet Lease Funding 1 LLC                                                | CUSIP: 96328GCM7<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1760962.96   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding LLC                                           | Wheels Fleet Lease Funding 1 LLC                                                | CUSIP: 96328GCN5<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   3750000 | PA      | $3773835.19   | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CONSUMERS 23 SECURE FUND                                                 | Consumers 2023 Securitization Funding LLC                                       | CUSIP: 21071BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1206233 | PA      | $1217282.37   | 0.07%             | 2028-03-01      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                                                             | Enbridge Inc                                                                    | CUSIP: 29250NCA1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $4056546.60   | 0.23%             | 2027-04-05      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2023-1 LLC                                           | CUSIP: 29375CAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    120540 | PA      | $120679.71    | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                                                 | CUSIP: 3140A1VM6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5801255 | PA      | $5946904.36   | 0.33%             | 2053-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                      | Fifth Third Bancorp                                                             | CUSIP: 316773DN7<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   2940000 | PA      | $2938039.23   | 0.16%             | 2032-04-29      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                                    | HPEFS Equipment Trust 2025-1                                                    | CUSIP: 40446EAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4542016.05   | 0.25%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                                                    | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150BK9<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6011253.18   | 0.34%             | 2032-01-28      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON INGALLS INDUS                                                 | Huntington Ingalls Industries Inc                                               | CUSIP: 446413BA3<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1551915.72   | 0.09%             | 2030-01-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2024-B                                | CUSIP: 02007G4E0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1001163 | PA      | $1009019.37   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                                    | ARI Fleet Lease Trust 2024-A                                                    | CUSIP: 00218KAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1133736 | PA      | $1140646.48   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BIOGEN INC                                                               | Biogen Inc                                                                      | CUSIP: 09062XAN3<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |   3635000 | PA      | $3742637.37   | 0.21%             | 2031-01-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | Carmax Auto Owner Trust 2025-1                                                  | CUSIP: 14319WAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1530000 | PA      | $1570063.89   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust                                 | AmeriCredit Automobile Receivables Trust 2023-2                                 | CUSIP: 03065UAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5626761.53   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| AUST & NZ BANKING GRP NY                                                 | Australia & New Zealand Banking Group Ltd/New York NY                           | CUSIP: 05253JB83<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   4000000 | PA      | $4015040.80   | 0.22%             | 2028-12-08      | Fixed         | 3.92%                 | No            |                  2 | On Loan: No      |
| Boca Commercial Mortgage Trust                                           | BOCA Commercial Mortgage Trust 2025-BOCA                                        | CUSIP: 05619RAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3425000 | PA      | $3446416.18   | 0.19%             | 2042-12-15      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| BANK OF NOVA SCOTIA                                                      | Bank of Nova Scotia/The                                                         | CUSIP: 06418GAY3<br>LEI: L3I9ZG2KFGXZ61BMYR72 | Long             | DBT              | CORP              | CA        |   8000000 | PA      | $8016224.48   | 0.45%             | 2030-02-02      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                               | CUSIP: 31392EGV6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      9851 | PA      | $9863.33      | 0.00%             | 2032-09-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                   | General Motors Financial Co Inc                                                 | CUSIP: 37045XFJ0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4157603.52   | 0.23%             | 2030-07-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                  | Hyundai Capital America                                                         | CUSIP: 44891ACT2<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4049042.68   | 0.23%             | 2027-01-08      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                | SFS Auto Receivables Securitization Trust 2024-1                                | CUSIP: 78435VAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2059386.50   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SBNA Auto Receivables Trust                                              | SBNA Auto Receivables Trust 2025-SF1                                            | CUSIP: 78437XAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    575000 | PA      | $579980.79    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                            | CUSIP: 92348KEJ8<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   2490000 | PA      | $2514879.83   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                             | Broadcom Inc                                                                    | CUSIP: 11135FCW9<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1994667.96   | 0.11%             | 2030-10-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO                                                 | Capital One Financial Corp                                                      | CUSIP: 14040HDP7<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   2135000 | PA      | $2136107.13   | 0.12%             | 2032-01-30      | Fixed         | 4.72%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | Carmax Auto Owner Trust 2025-3                                                  | CUSIP: 14290FAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050000 | PA      | $1062896.47   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CHI Commercial Mortgage Trust                                            | CHI Commercial Mortgage Trust 2025-SFT                                          | CUSIP: 16706GAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4200000 | PA      | $4294414.32   | 0.24%             | 2042-04-15      | Variable      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| CROWN CASTLE INC                                                         | Crown Castle Inc                                                                | CUSIP: 22822VBA8<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              |  | US        |   4050000 | PA      | $4114295.45   | 0.23%             | 2028-01-11      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                   | Daimler Truck Finance North America LLC                                         | CUSIP: 233853BD1<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6180272.22   | 0.35%             | 2030-01-13      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2025-1                                             | CUSIP: 24703UAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    520000 | PA      | $526003.76    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2022-4 LLC                                           | CUSIP: 29374GAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    106252 | PA      | $106553.39    | 0.01%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2024-4 LLC                                           | CUSIP: 29374MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1353065 | PA      | $1357779.53   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                                              | Evergreen Credit Card Trust                                                     | CUSIP: 30023JCN6<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | US        |   3743000 | PA      | $3750599.04   | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| META PLATFORMS INC                                                       | Meta Platforms Inc                                                              | CUSIP: 30303MAB8<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   2295000 | PA      | $2291561.19   | 0.13%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                                                 | CUSIP: 31385HH54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23239 | PA      | $23105.23     | 0.00%             | 2028-04-01      | Floating      | 4.78%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                               | CUSIP: 31393BL86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       437 | PA      | $435.20       | 0.00%             | 2033-05-25      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                              | CUSIP: 31394GBQ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6352 | PA      | $6258.66      | 0.00%             | 2032-04-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                               | CUSIP: 31396QVX4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4716 | PA      | $4720.04      | 0.00%             | 2039-08-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                               | CUSIP: 31396XB29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    273273 | PA      | $271822.27    | 0.02%             | 2037-07-25      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| Golden Credit Card Trust                                                 | GOLDEN CREDIT CARD TRUST                                                        | CUSIP: 380881FD9<br>LEI: 549300BEDPMEONLTJX58 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $2942955.90   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association                                        | CUSIP: 38375B3Y6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    103373 | PA      | $103477.26    | 0.01%             | 2063-07-20      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                                                      | Fifth Third Bancorp                                                             | CUSIP: 316773DK3<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   4430000 | PA      | $4659488.44   | 0.26%             | 2029-07-27      | Fixed         | 6.34%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit                                 | Ford Credit Auto Owner Trust 2023-REV1                                          | CUSIP: 34535QAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6145242.90   | 0.34%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GreenState Auto Receivables Trust                                        | GreenState Auto Receivables Trust 2024-1                                        | CUSIP: 39573AAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1015162.50   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                    | Truist Financial Corp                                                           | CUSIP: 89788MAR3<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2070237.56   | 0.12%             | 2030-01-24      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| CARDS II Trust                                                           | CARDS II Trust                                                                  | CUSIP: 14161GCN8<br>LEI: 549300GWPYLNK6X47W76 | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2459615.25   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                       | CUSIP: 165183DG6<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1316564.99   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2025-2                                             | CUSIP: 24703VAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3511086.08   | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| The Huntington National Bank                                             | Huntington Bank Auto Credit-Linked Notes Series 2025-1                          | CUSIP: 446438SZ7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2690439 | PA      | $2693191.85   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NBN CO LTD                                                               | NBN Co Ltd                                                                      | CUSIP: 62878U2H4<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |   2070000 | PA      | $2072985.83   | 0.12%             | 2027-10-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| PFS Financing Corp.                                                      | PFS Financing Corp                                                              | CUSIP: 69335PEU5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7200000 | PA      | $7220582.64   | 0.40%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PFS Financing Corp.                                                      | PFS Financing Corp                                                              | CUSIP: 69335PFK6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6750000 | PA      | $6857390.48   | 0.38%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PFS Financing Corp.                                                      | PFS Financing Corp                                                              | CUSIP: 69335PFQ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4014485.60   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                               | LAD Auto Receivables Trust 2024-2                                               | CUSIP: 505920AF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1024968.25   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LINCOLN FIN GLBL FUNDING                                                 | Lincoln Financial Global Funding                                                | CUSIP: 53359KAA9<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1749832.61   | 0.10%             | 2030-01-13      | Fixed         | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Government National Mortgage Association                                 | Government National Mortgage Association                                        | CUSIP: 38375B4Y5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    210196 | PA      | $210365.77    | 0.01%             | 2063-07-20      | Floating      | 4.49%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                        | GreatAmerica Leasing Receivables Funding LLC                                    | CUSIP: 39154GAM8<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |   1625000 | PA      | $1649638.74   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| M&T BANK CORPORATION                                                     | M&T Bank Corp                                                                   | CUSIP: 55261FAS3<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   3820000 | PA      | $4141462.55   | 0.23%             | 2029-10-30      | Fixed         | 7.41%                 | No            |                  2 | On Loan: No      |
| Mississippi Higher Education Assistance Corp.                            | Mississippi Higher Education Assistance Corp                                    | CUSIP: 60535YAA1<br>LEI: 549300HWPV47979HMV21 | Long             | ABS-O            | CORP              | US        |    406729 | PA      | $405439.61    | 0.02%             | 2035-10-25      | Floating      | 3.16%                 | No            |                  2 | On Loan: No      |
| PACIFIC LIFE GF II                                                       | Pacific Life Global Funding II                                                  | CUSIP: 6944PL2S7<br>LEI: 6354003EUPCHXTWUU869 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4080589.04   | 0.23%             | 2028-04-04      | Fixed         | 4.90%                 | Yes           |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                | SFS Auto Receivables Securitization Trust 2024-2                                | CUSIP: 78397XAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2560854.13   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NATIONAL BANK OF CANADA                                                  | National Bank of Canada                                                         | CUSIP: 63307A3B9<br>LEI: BSGEFEIOM18Y80CKCV46 | Long             | DBT              | CORP              | CA        |   3000000 | PA      | $3034636.74   | 0.17%             | 2029-10-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NATWEST MARKETS PLC                                                      | NatWest Markets PLC                                                             | CUSIP: 63906YAE8<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   6000000 | PA      | $6016714.02   | 0.34%             | 2026-09-29      | Floating      | 4.44%                 | Yes           |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                                              | Ally Auto Receivables Trust 2024-1                                              | CUSIP: 02008FAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1575000 | PA      | $1591951.02   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| PFS Financing Corp.                                                      | PFS Financing Corp                                                              | CUSIP: 69335PEW1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7450000 | PA      | $7503600.52   | 0.42%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PFS Financing Corp.                                                      | PFS Financing Corp                                                              | CUSIP: 69335PFF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3538119.20   | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                                   | Chase Auto Owner Trust 2025-2                                                   | CUSIP: 16144MAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $999377.50    | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                       | CUSIP: 165183DB7<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   1350000 | PA      | $1370250.74   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                       | CUSIP: 165183DF8<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1008071.45   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CONCENTRIX CORP                                                          | Concentrix Corp                                                                 | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |   6135000 | PA      | $6194430.79   | 0.35%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                                              | Ally Auto Receivables Trust 2023-1                                              | CUSIP: 02007WAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1528570.13   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                 | Constellation Brands Inc                                                        | CUSIP: 21036PBS6<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    730000 | PA      | $742945.06    | 0.04%             | 2030-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: —       |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2023-3 LLC                                           | CUSIP: 29374LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3275904 | PA      | $3315419.59   | 0.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                               | CUSIP: 3136BB3Z3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2871439 | PA      | $2760629.23   | 0.15%             | 2060-10-25      | Floating      | 4.11%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                                                      | Global Payments Inc                                                             | CUSIP: 37940XAW2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6002773.62   | 0.34%             | 2030-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                                                           | Amazon.com Inc                                                                  | CUSIP: 023135CT1<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $1975883.56   | 0.11%             | 2030-11-20      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                                    | ARI Fleet Lease Trust 2025-A                                                    | CUSIP: 04033CAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1213332.48   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BANK OF NY MELLON CORP                                                   | Bank of New York Mellon Corp/The                                                | CUSIP: 06406RBV8<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   2325000 | PA      | $2390847.81   | 0.13%             | 2030-03-14      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                   | Canadian Imperial Bank of Commerce                                              | CUSIP: 13607QWB4<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   2590000 | PA      | $2597038.12   | 0.15%             | 2030-01-29      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                           | Hyundai Auto Receivables Trust 2025-C                                           | CUSIP: 44935JAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4008936.80   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| John Deere Owner Trust                                                   | John Deere Owner Trust 2022-C                                                   | CUSIP: 47800BAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4014299.80   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| SOLVENTUM CORP                                                           | Solventum Corp                                                                  | CUSIP: 83444MAP6<br>LEI: 254900I70403OSGY4M28 | Long             | DBT              | CORP              | US        |   1551000 | PA      | $1607856.65   | 0.09%             | 2029-03-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| PINNACLE FINANCL PARTNRS                                                 | Synovus Financial Corp                                                          | CUSIP: 87161CAP0<br>LEI: 549300EIUS8UN5JTLE54 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1350260.99   | 0.08%             | 2030-11-01      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| PINNACLE BANK TN                                                         | Synovus Bank/Columbus GA                                                        | CUSIP: 87164DVJ6<br>LEI: DX0JX77PRMOELF7VG772 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4083640.40   | 0.23%             | 2028-02-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| TEXAS Commercial Mortgage Trust                                          | TEXAS Commercial Mortgage Trust 2025-TWR                                        | CUSIP: 88231WAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4000000 | PA      | $3992500.00   | 0.22%             | 2042-04-15      | Floating      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| PFS Financing Corp.                                                      | PFS Financing Corp                                                              | CUSIP: 69335PGB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2250000 | PA      | $2264841.45   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                   | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BV6<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1104053.21   | 0.06%             | 2028-01-21      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CARDS II Trust                                                           | CARDS II Trust                                                                  | CUSIP: 14161GCL2<br>LEI: 549300GWPYLNK6X47W76 | Long             | ABS-O            | CORP              | CA        |   2000000 | PA      | $1993207.80   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2024-2                                                  | CUSIP: 14319EAJ5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4137558.60   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2025-2                                   | CUSIP: 80287NAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6500000 | PA      | $6625570.25   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2025-1                                   | CUSIP: 80288DAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9500000 | PA      | $9697465.10   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Master Credit Card Trust                                                 | Master Credit Card Trust II                                                     | CUSIP: 576339DS1<br>LEI: 549300G7G68IV2D8IM76 | Long             | ABS-O            | CORP              | CA        |   2000000 | PA      | $2067526.30   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Navient Student Loan Trust                                               | Navient Private Education Refi Loan Trust 2020-H                                | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    692176 | PA      | $656974.54    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PFS Financing Corp.                                                      | PFS Financing Corp                                                              | CUSIP: 69335PEZ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4250000 | PA      | $4284714.85   | 0.24%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TARGA RESOURCES CORP                                                     | Targa Resources Corp                                                            | CUSIP: 87612GAE1<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2107524.58   | 0.12%             | 2029-03-01      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                 | Toyota Motor Credit Corp                                                        | CUSIP: 89236TNR2<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   3240000 | PA      | $3259493.30   | 0.18%             | 2028-09-05      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| US BANCORP                                                               | US Bancorp                                                                      | CUSIP: 91159HJM3<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6229826.22   | 0.35%             | 2029-06-12      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CKD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $15270703.50  | 0.85%             | 2029-02-28      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                            | CUSIP: 92348VAC3<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   3770000 | PA      | $3809401.02   | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ASSOC BANC-CORP                                                          | Associated Banc-Corp                                                            | CUSIP: 045487AD7<br>LEI: 549300N3CIN473IW5094 | Long             | DBT              | CORP              | US        |    770000 | PA      | $802030.82    | 0.04%             | 2030-08-29      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2024-1                                                  | CUSIP: 14318WAG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1021553.05   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                                              | Evergreen Credit Card Trust                                                     | CUSIP: 30023JCX4<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |   2300000 | PA      | $2331286.90   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust/Ford Credit                                 | Ford Credit Auto Owner Trust 2023-REV2                                          | CUSIP: 34535CAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2604848.50   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DEUTSCHE BANK NY                                                         | Deutsche Bank AG/New York NY                                                    | CUSIP: 251526DB2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   4000000 | PA      | $4047823.64   | 0.23%             | 2031-08-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ELECTRICITE DE FRANCE SA                                                 | Electricite de France SA                                                        | CUSIP: 28504DAB9<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | CORP              | FR        |   1345000 | PA      | $1391075.73   | 0.08%             | 2028-05-23      | Fixed         | 5.70%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                               | CUSIP: 3136A3UA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    634316 | PA      | $627688.64    | 0.04%             | 2042-02-25      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| First National Master Note Trust                                         | First National Master Note Trust                                                | CUSIP: 32113CCB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2542130.63   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                             | Ford Credit Auto Owner Trust 2022-C                                             | CUSIP: 34535AAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2506650.25   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                 | Ford Motor Credit Co LLC                                                        | CUSIP: 345397C92<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5233121.70   | 0.29%             | 2028-05-12      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                              | Oracle Corp                                                                     | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1830931.14   | 0.10%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                 | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668CX8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2930000 | PA      | $2957351.08   | 0.17%             | 2030-09-11      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| GECU Auto Receivables Trust                                              | GECU Auto Receivables Trust 2023-1                                              | CUSIP: 36169EAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1013260.60   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                        | GreatAmerica Leasing Receivables Funding LLC Series 2024-2                      | CUSIP: 39154GAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5040000 | PA      | $5150560.46   | 0.29%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust                                                  | BMW Vehicle Lease Trust                                                         | CUSIP: 05613MAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2760000 | PA      | $2774354.48   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2024-1 LLC                                           | CUSIP: 29375PAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5650000 | PA      | $5753695.86   | 0.32%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HOST HOTELS & RESORTS LP                                                 | Host Hotels & Resorts LP                                                        | CUSIP: 44107TBE5<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              |  | US        |   1535000 | PA      | $1538665.53   | 0.09%             | 2028-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                               | LAD Auto Receivables Trust 2024-2                                               | CUSIP: 505920AE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2039586.70   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                                      | Nissan Auto Receivables 2025-B Owner Trust                                      | CUSIP: 65490DAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6500000 | PA      | $6546400.90   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                | SFS Auto Receivables Securitization Trust 2025-3                                | CUSIP: 78398KAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5500000 | PA      | $5515379.93   | 0.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2024-4                                   | CUSIP: 802919AF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15000000 | PA      | $15310596.75  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust                                  | Securitized Term Auto Receivables Trust                                         | CUSIP: 81378WAG8<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | CA        |   1500000 | PA      | $1502108.48   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2024-2                                   | CUSIP: 80286YAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  13000000 | PA      | $13483479.10  | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                                  | Santander Bank Auto Credit-Linked Notes Series 2025-A                           | CUSIP: 80290CCU6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1253279.00   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SFS Auto Receivables Securitization Trust                                | SFS Auto Receivables Securitization Trust 2025-1                                | CUSIP: 81885BAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6118143.30   | 0.34%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SOUTHERN POWER CO                                                        | Southern Power Co                                                               | CUSIP: 843646AX8<br>LEI: 5LADC78JBG2BMZD5XF57 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1077688.02   | 0.06%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2025-B                                | CUSIP: 02007G6R9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2416203 | PA      | $2421291.86   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2024-A                                | CUSIP: 02007GZ63<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    453288 | PA      | $461712.34    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust                                 | AmeriCredit Automobile Receivables Trust 2025-1                                 | CUSIP: 03067FAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6025187.70   | 0.34%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BANK OF AMERICA CORP                                                     | Bank of America Corp                                                            | CUSIP: 06051GML0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6188689.92   | 0.35%             | 2031-01-24      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| BANK OF NEW ZEALAND                                                      | Bank of New Zealand                                                             | CUSIP: 06407EAD7<br>LEI: N7LGVZM7X4UQ66T7LT74 | Long             | DBT              | CORP              | NZ        |   5000000 | PA      | $5023282.65   | 0.28%             | 2027-01-27      | Floating      | 4.47%                 | Yes           |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                                                  | Bristol-Myers Squibb Co                                                         | CUSIP: 110122EF1<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1665000 | PA      | $1715616.22   | 0.10%             | 2029-02-22      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP                                                 | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175CQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1771308.07   | 0.10%             | 2029-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Chase Mortgage Finance Corporation                                       | Chase Home Lending Mortgage Trust 2023-1                                        | CUSIP: 16159PAG4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2502369 | PA      | $2531429.79   | 0.14%             | 2054-06-25      | Variable      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| CITIBANK NA                                                              | Citibank NA                                                                     | CUSIP: 17325FBF4<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4011372.64   | 0.22%             | 2026-04-30      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| COMERICA INC                                                             | Comerica Inc                                                                    | CUSIP: 200340AW7<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | DBT              | CORP              | US        |   3675000 | PA      | $3842169.87   | 0.21%             | 2030-01-30      | Fixed         | 5.98%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2024-1                                             | CUSIP: 24702GAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1012091.55   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2025-1                                             | CUSIP: 24703UAJ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    870000 | PA      | $881699.85    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2025-1                                             | CUSIP: 24703UAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    740000 | PA      | $750321.82    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                  | Corebridge Global Funding                                                       | CUSIP: 00138CAX6<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5137450.85   | 0.29%             | 2029-01-12      | Fixed         | 5.20%                 | Yes           |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                       | Ally Financial Inc                                                              | CUSIP: 02005NBU3<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   4570000 | PA      | $4839028.63   | 0.27%             | 2030-01-03      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2025-A                                | CUSIP: 02007G5G4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1196746 | PA      | $1201386.10   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                                    | ARI Fleet Lease Trust 2026-A                                                    | CUSIP: 04033DAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $550837.38    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                                    | ARI Fleet Lease Trust 2024-B                                                    | CUSIP: 04033HAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2990000 | PA      | $3039929.11   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BAT INTL FINANCE PLC                                                     | BAT International Finance PLC                                                   | CUSIP: 05530QAQ3<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |   2500000 | PA      | $2624707.60   | 0.15%             | 2029-02-02      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Drive Auto Receivables Trust                                             | Drive Auto Receivables Trust 2024-2                                             | CUSIP: 26207AAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5043719.25   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2026-1 LLC                                           | CUSIP: 29376JAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6255000 | PA      | $6288183.71   | 0.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BHMS Mortgage Trust                                                      | BHMS Commercial Mortgage Trust 2025-ATLS                                        | CUSIP: 088928AC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8000000 | PA      | $8040004.80   | 0.45%             | 2042-08-15      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| BLACK HILLS CORP                                                         | Black Hills Corp                                                                | CUSIP: 092113AV1<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6223647.12   | 0.35%             | 2028-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| FNB CORP                                                                 | FNB Corp/PA                                                                     | CUSIP: 302520AD3<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | DBT              | CORP              | US        |   5215000 | PA      | $5335203.35   | 0.30%             | 2030-12-11      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                              | CUSIP: 31396R3N5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     21372 | PA      | $21340.00     | 0.00%             | 2034-02-15      | Floating      | 4.28%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                              | CUSIP: 31398EK29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     93856 | PA      | $94957.93     | 0.01%             | 2037-07-15      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL QMA STRAT VAL-                                                | FEDERATED CORE TR MUTUAL FUND                                                   | CUSIP: 31409N887<br>LEI: 254900HYFNGKM5PJOV84 | Long             | EC               | RF                | US        |   1916758 | NS      | $17480832.41  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| First National Master Note Trust                                         | First National Master Note Trust                                                | CUSIP: 32113CBV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4600000 | PA      | $4611482.98   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| FISERV INC                                                               | Fiserv Inc                                                                      | CUSIP: 337738BM9<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4024878.20   | 0.23%             | 2030-03-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GECU Auto Receivables Trust                                              | GECU Auto Receivables Trust 2023-1                                              | CUSIP: 36169EAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2800000 | PA      | $2829355.62   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GM Financial Revolving Receivables Trust                                 | GM Financial Revolving Receivables Trust 2023-1                                 | CUSIP: 38012RAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5111112.00   | 0.29%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GZL1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3773347.20   | 0.21%             | 2028-02-24      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                        | GreatAmerica Leasing Receivables Funding LLC                                    | CUSIP: 39154TCT3<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1313233.74   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BNP PARIBAS                                                              | BNP Paribas SA                                                                  | CUSIP: 09659W3C6<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |   4000000 | PA      | $4047668.32   | 0.23%             | 2029-05-09      | Fixed         | 4.79%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                          | CVS Health Corp                                                                 | CUSIP: 126650DW7<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1665000 | PA      | $1701489.57   | 0.10%             | 2029-01-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                                    | HPEFS Equipment Trust 2024-1                                                    | CUSIP: 403963AF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3029853.75   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HCA INC                                                                  | HCA Inc                                                                         | CUSIP: 404119CZ0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1920000 | PA      | $1982439.94   | 0.11%             | 2030-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AT&T INC                                                                 | AT&T Inc                                                                        | CUSIP: 00206RNF5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5003053.15   | 0.28%             | 2031-04-30      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                  | Hyundai Auto Lease Securitization Trust 2024-C                                  | CUSIP: 448984AF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4045496.40   | 0.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                  | Hyundai Auto Lease Securitization Trust 2024-A                                  | CUSIP: 448988AF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5027670.00   | 0.28%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                                   | JW Trust 2024-BERY                                                              | CUSIP: 46676AAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1600000 | PA      | $1605002.24   | 0.09%             | 2039-11-15      | Floating      | 5.62%                 | Yes           |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                                   | JW Trust 2024-BERY                                                              | CUSIP: 46676AAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1050000 | PA      | $1054593.65   | 0.06%             | 2039-11-15      | Floating      | 5.92%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN NATL RESOURCES                                                  | Canadian Natural Resources Ltd                                                  | CUSIP: 136385BD2<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |   1750000 | PA      | $1798246.71   | 0.10%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2024-1                                                  | CUSIP: 14318WAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2034875.40   | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                          | CVS Health Corp                                                                 | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   2680000 | PA      | $2680608.74   | 0.15%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2024-4                                                  | CUSIP: 14290DAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1021580.05   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                                   | Chase Auto Owner Trust 2025-2                                                   | CUSIP: 16144MAH7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $1999337.20   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                       | CUSIP: 165183CX0<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1002030.45   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DLLAD LLC                                                                | Dllad 2024-1 LLC                                                                | CUSIP: 23346MAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2430000 | PA      | $2513342.32   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCK FINAN NA                                                   | Daimler Truck Finance North America LLC                                         | CUSIP: 233853BK5<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    945000 | PA      | $945082.38    | 0.05%             | 2029-01-12      | Fixed         | 4.15%                 | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2024-1                                             | CUSIP: 24702GAJ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    770000 | PA      | $779648.41    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                                              | Evergreen Credit Card Trust                                                     | CUSIP: 30023JCT3<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |   4000000 | PA      | $4019992.00   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                              | CUSIP: 3133TGT74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      1058 | PA      | $1078.66      | 0.00%             | 2028-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac Pool                                                                | CUSIP: 3133WASB5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8397355 | PA      | $8710540.78   | 0.49%             | 2054-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                                                           | Air Lease Corp                                                                  | CUSIP: 00914AAV4<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4075683.72   | 0.23%             | 2029-03-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                       | CUSIP: 165183DC5<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2031435.50   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                         | Fannie Mae Connecticut Avenue Securities                                        | CUSIP: 20755CAB4<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   4000000 | PA      | $4076705.60   | 0.23%             | 2043-10-25      | Floating      | 6.20%                 | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                                                 | CUSIP: 31388XVV3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     74918 | PA      | $73443.36     | 0.00%             | 2033-08-01      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                              | CUSIP: 31398EDL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     31167 | PA      | $31323.73     | 0.00%             | 2036-07-15      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                             | American Express Credit Account Master Trust Series 2025-5                      | CUSIP: 02582JKT6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1019372.75   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| CANADIAN IMPERIAL BANK                                                   | Canadian Imperial Bank of Commerce                                              | CUSIP: 13607PVP6<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $4033254.64   | 0.23%             | 2028-01-13      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                               | CUSIP: 31359RLA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6338 | PA      | $6419.09      | 0.00%             | 2027-12-18      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                                             | Ford Credit Auto Lease Trust 2023-B                                             | CUSIP: 34529NAH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5016480.25   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Federated Core Trust - Federated Bank Loan Core Fund                     | FEDERATED CORE TR FEDERATED BANK LOAN CORE FUND                                 | CUSIP: 31409N804<br>LEI: 549300FJK5JF0KIC2N83 | Long             | EC               | RF                | US        |   7507711 | NS      | $63665385.99  | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                                 | Ford Credit Floorplan Master Owner Trust A                                      | CUSIP: 34528QHX5<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   8500000 | PA      | $8530564.30   | 0.48%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                                 | Ford Credit Floorplan Master Owner Trust A                                      | CUSIP: 34528QJR6<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   5755000 | PA      | $5713725.14   | 0.32%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                             | Ford Credit Auto Owner Trust 2025-C                                             | CUSIP: 34535LAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $5999773.80   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| ALPHABET INC                                                             | Alphabet Inc                                                                    | CUSIP: 02079KAW7<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |   2985000 | PA      | $2988263.38   | 0.17%             | 2030-11-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term Auto Receivables Tr                        | GM Financial Consumer Automobile Receivables Trust 2024-1                       | CUSIP: 36268GAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1271593.81   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GA87<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   3145000 | PA      | $3284349.32   | 0.18%             | 2030-04-25      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                                   | Chase Auto Owner Trust 2024-2                                                   | CUSIP: 16144CAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $7176562.05   | 0.40%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chase Auto Owner Trust                                                   | Chase Auto Owner Trust 2024-5                                                   | CUSIP: 16144QAG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2850000 | PA      | $2850185.96   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                               | LAD Auto Receivables Trust 2025-2                                               | CUSIP: 505912AH8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2400000 | PA      | $2417922.72   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                               | LAD Auto Receivables Trust 2024-2                                               | CUSIP: 505920AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    750000 | PA      | $774293.40    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Trillium Credit Card Trust II                                            | Trillium Credit Card Trust II                                                   | CUSIP: 89621ACD9<br>LEI: 549300P7QN1SDIOQVL28 | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3008264.10   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA                                                 | Volkswagen Group of America Finance LLC                                         | CUSIP: 928668CD2<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5002409.75   | 0.28%             | 2026-03-20      | Floating      | 4.51%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GD35<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3978084.28   | 0.22%             | 2031-10-21      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                        | GreatAmerica Leasing Receivables Funding LLC                                    | CUSIP: 39154GAL0<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |   4161000 | PA      | $4230957.64   | 0.24%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Navient Student Loan Trust                                               | Navient Private Education Refi Loan Trust 2019-D                                | CUSIP: 63941CAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1483552 | PA      | $1452652.54   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                   | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BX2<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2081421.24   | 0.12%             | 2030-05-14      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                    | Wells Fargo & Co                                                                | CUSIP: 95000U3J0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3635000 | PA      | $3743612.89   | 0.21%             | 2030-01-23      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| PRINCIPAL LFE GLB FND II                                                 | Principal Life Global Funding II                                                | CUSIP: 74256LFE4<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4994630.20   | 0.28%             | 2031-01-13      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| Residential Accredit Loans, Inc.                                         | RALI Series 2004-QA4 Trust                                                      | CUSIP: 76110HZF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50861 | PA      | $41405.83     | 0.00%             | 2034-09-25      | Variable      | 5.57%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BK AUSTR NY                                                 | Commonwealth Bank of Australia                                                  | CUSIP: 20271RAW0<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |   5000000 | PA      | $4995650.70   | 0.28%             | 2030-10-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| FHLMC Structured Pass Through Securities                                 | Freddie Mac Structured Pass-Through Certificates                                | CUSIP: 31392W7B0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     69589 | PA      | $73298.42     | 0.00%             | 2043-09-25      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| Green Tree Home Improvement Loan Trust                                   | Green Tree Home Improvement Loan Trust                                          | CUSIP: 393505VQ2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2069120 | PA      | $16902.33     | 0.00%             | 2028-08-15      | Fixed         | 7.59%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                  | Hyundai Auto Lease Securitization Trust 2025-B                                  | CUSIP: 44935DAF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4250000 | PA      | $4299458.31   | 0.24%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NEW CENTURY                                                              | NEW CENTURY CLASS D 1999 1                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    328248 | PA      | $0.00         | 0.00%             | 2029-01-25      | Variable      | 8.75%                 | No            |                  3 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                                  | Santander Bank Auto Credit-Linked Notes Series 2024-B                           | CUSIP: 80280BAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2131981 | PA      | $2149547.71   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2023-1                                   | CUSIP: 80287GAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500679 | PA      | $2511274.64   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust                                  | Securitized Term Auto Receivables Trust                                         | CUSIP: 81378RAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |    744607 | PA      | $752461.21    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                    | Truist Financial Corp                                                           | CUSIP: 89788MAQ5<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2154025.98   | 0.12%             | 2029-10-30      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                            | CUSIP: 92348KER0<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   3830000 | PA      | $3846135.41   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding LLC                                           | Wheels Fleet Lease Funding 1 LLC                                                | CUSIP: 96328GCH8<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   3900000 | PA      | $3935846.07   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO                                                      | JPMorgan Chase & Co                                                             | CUSIP: 46647PCQ7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2506501.18   | 0.14%             | 2027-09-22      | Floating      | 4.45%                 | No            |                  2 | On Loan: No      |
| LINCOLN FIN GLBL FUNDING                                                 | Lincoln Financial Global Funding                                                | CUSIP: 53359KAD3<br>LEI: 984500OC010458395923 | Long             | DBT              | CORP              | US        |   1225000 | PA      | $1224241.88   | 0.07%             | 2029-01-12      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| MASSMUTUAL GLOBAL FUNDIN                                                 | MassMutual Global Funding II                                                    | CUSIP: 57629W5B2<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4092611.16   | 0.23%             | 2029-01-17      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: —       |
| Master Credit Card Trust                                                 | Master Credit Card Trust II                                                     | CUSIP: 576339DR3<br>LEI: 549300G7G68IV2D8IM76 | Long             | ABS-O            | CORP              | CA        |   1000000 | PA      | $1024127.15   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                               | CUSIP: 31398RV36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    107308 | PA      | $107036.84    | 0.01%             | 2037-07-25      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term Auto Receivables Tr                        | GM Financial Consumer Automobile Receivables Trust 2023-2                       | CUSIP: 362583AG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3750000 | PA      | $3787272.56   | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| GreenState Auto Receivables Trust                                        | GreenState Auto Receivables Trust 2024-1                                        | CUSIP: 39573AAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    866000 | PA      | $878976.62    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes                                           | Chase Auto Credit Linked Notes Series 2025-1                                    | CUSIP: 46591HCT5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1063243 | PA      | $1070698.30   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MET LIFE GLOB FUNDING I                                                  | Metropolitan Life Global Funding I                                              | CUSIP: 59217GFR5<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4084887.76   | 0.23%             | 2029-01-08      | Fixed         | 4.85%                 | Yes           |                  2 | On Loan: No      |
| Navient Student Loan Trust                                               | Navient Private Education Refi Loan Trust 2021-c                                | CUSIP: 63942JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3452864 | PA      | $3183370.56   | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CREDIT AGRICOLE SA                                                       | Credit Agricole SA                                                              | CUSIP: 22535WAP2<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $5102919.05   | 0.29%             | 2029-01-09      | Fixed         | 5.23%                 | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2023-3                                             | CUSIP: 24702EAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2013837.10   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Federated Hermes Government Obligations Fund                             | Federated Hermes Government Obligations Fund                                    | CUSIP: 608919718<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        | 107305468 | NS      | $107305468.20 | 6.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                                                           | Morgan Stanley                                                                  | CUSIP: 61747YFP5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   5995000 | PA      | $6108945.05   | 0.34%             | 2028-04-13      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| NEW YORK LIFE GLOBAL FDG                                                 | New York Life Global Funding                                                    | CUSIP: 64952WFS7<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4006218.40   | 0.22%             | 2029-02-02      | Fixed         | 4.05%                 | Yes           |                  2 | On Loan: No      |
| NextGear Floorplan Master Owner Trust                                    | NextGear Floorplan Master Owner Trust                                           | CUSIP: 65346CAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   9662000 | PA      | $9681091.15   | 0.54%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NISOURCE INC                                                             | NiSource Inc                                                                    | CUSIP: 65473PAN5<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |   3925000 | PA      | $4025128.48   | 0.23%             | 2028-03-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                  | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 65480CAE5<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2534464.00   | 0.14%             | 2026-09-15      | Fixed         | 6.95%                 | Yes           |                  2 | On Loan: No      |
| Navistar Financial Dealer Note Master Trust                              | Navistar Financial Dealer Note Master Owner Trust                               | CUSIP: 63938PBW8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3000000 | PA      | $3011429.55   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Navistar Financial Dealer Note Master Trust                              | Navistar Financial Dealer Note Master Owner Trust                               | CUSIP: 63938PBY4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2850000 | PA      | $2859439.91   | 0.16%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NORTHWESTERN MUTUAL GLBL                                                 | Northwestern Mutual Global Funding                                              | CUSIP: 66815L2Z1<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4996555.30   | 0.28%             | 2031-01-13      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| ORANGE SA                                                                | Orange SA                                                                       | CUSIP: 685218AH2<br>LEI: 969500MCOONR8990S771 | Long             | DBT              | CORP              | FR        |   3070000 | PA      | $3072066.51   | 0.17%             | 2029-01-13      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: —       |
| Porsche Innovative Lease Owner Trust                                     | Porsche Innovative Lease Owner Trust 2024-2                                     | CUSIP: 73328NAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3495000 | PA      | $3512591.03   | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| SOCIETE GENERALE                                                         | Societe Generale SA                                                             | CUSIP: 83368RCL4<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   2330000 | PA      | $2332057.44   | 0.13%             | 2030-04-12      | Fixed         | 4.45%                 | Yes           |                  2 | On Loan: No      |
| Navient Student Loan Trust                                               | Navient Private Education Refi Loan Trust 2020-G                                | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1134845 | PA      | $1066277.42   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Nelnet Student Loan Trust                                                | Nelnet Student Loan Trust 2021-D                                                | CUSIP: 64034YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5481609 | PA      | $5468148.57   | 0.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ONEOK INC                                                                | ONEOK Inc                                                                       | CUSIP: 682680BJ1<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2597041.70   | 0.15%             | 2028-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                   | Philip Morris International Inc                                                 | CUSIP: 718172DY2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3958361.20   | 0.22%             | 2030-10-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP                                                  | Dell International LLC / EMC Corp                                               | CUSIP: 24703DBS9<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3990843.80   | 0.22%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                       | Energy Transfer LP                                                              | CUSIP: 29273VBD1<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   4110000 | PA      | $4241997.66   | 0.24%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2023-2 LLC                                           | CUSIP: 29375NAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4571356.50   | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2024-3 LLC                                           | CUSIP: 29375QAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3250000 | PA      | $3317049.45   | 0.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| EVERSOURCE ENERGY                                                        | Eversource Energy                                                               | CUSIP: 30040WBB3<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |   2725000 | PA      | $2721552.36   | 0.15%             | 2030-12-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac Pool                                                                | CUSIP: 3132DWLN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6601168 | PA      | $6830964.23   | 0.38%             | 2054-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                   | Roper Technologies Inc                                                          | CUSIP: 776696AG1<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1177082.34   | 0.07%             | 2029-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FIN US INC                                                    | Stellantis Finance US Inc                                                       | CUSIP: 85855CAM2<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1533268.10   | 0.09%             | 2028-03-17      | Fixed         | 5.35%                 | Yes           |                  2 | On Loan: —       |
| FHLMC Multifamily Structured Pass Through Certs.                         | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137F84M2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2236536 | PA      | $2226425.34   | 0.12%             | 2030-11-25      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                                                 | CUSIP: 31385HJ52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21954 | PA      | $21629.67     | 0.00%             | 2034-05-01      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                               | CUSIP: 31396Q6Q7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     76863 | PA      | $77512.02     | 0.00%             | 2037-04-25      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                             | Ford Credit Auto Owner Trust 2023-A                                             | CUSIP: 344928AG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5061482.75   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                             | Ford Credit Auto Owner Trust 2022-C                                             | CUSIP: 34535AAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5017793.25   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                                             | Ford Credit Auto Owner Trust 2024-D                                             | CUSIP: 34535VAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3250000 | PA      | $3300282.21   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Stellantis Financial Underwritten Enhanced Lease Trust                   | Stellantis Financial Underwritten Enhanced Lease Trust 2025-A                   | CUSIP: 858928AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3765000 | PA      | $3810622.95   | 0.21%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                                                   | Tesla Auto Lease Trust 2024-A                                                   | CUSIP: 88166VAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4010119.00   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Trillium Credit Card Trust II                                            | Trillium Credit Card Trust II                                                   | CUSIP: 89621ACE7<br>LEI: 549300P7QN1SDIOQVL28 | Long             | ABS-O            | CORP              | US        |   1700000 | PA      | $1704631.74   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CNY3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14922657.00  | 0.83%             | 2028-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                    | Wells Fargo & Co                                                                | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4080864.48   | 0.23%             | 2028-04-22      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| World Omni Automobile Lease Securitization Trust                         | World Omni Automobile Lease Securitization Trust 2025-A                         | CUSIP: 98164PAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $8092358.00   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasing Trust                                    | GM Financial Automobile Leasing Trust 2024-3                                    | CUSIP: 38012QAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4022561.80   | 0.22%             |  |  |  | No            |                  2 | On Loan: No      |
| HCA INC                                                                  | HCA Inc                                                                         | CUSIP: 404119CP2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   1840000 | PA      | $1885487.04   | 0.11%             | 2028-06-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                                                  | Hyundai Capital America                                                         | CUSIP: 44891ACM7<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9111941.73   | 0.51%             | 2026-09-21      | Fixed         | 5.95%                 | Yes           |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                                   | JW Trust 2024-BERY                                                              | CUSIP: 46676AAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $3008414.40   | 0.17%             | 2039-11-15      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA                                                     | Mercedes-Benz Finance North America LLC                                         | CUSIP: 58769JAY3<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   4135000 | PA      | $4156242.57   | 0.23%             | 2027-11-15      | Floating      | 4.64%                 | Yes           |                  2 | On Loan: No      |
| NextGear Floorplan Master Owner Trust                                    | NextGear Floorplan Master Owner Trust                                           | CUSIP: 65341KCG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6662000 | PA      | $6705896.58   | 0.37%             |  |  |  | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                   | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BR5<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   1605000 | PA      | $1661734.60   | 0.09%             | 2029-06-12      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| PRICOA GLOBAL FUNDING 1                                                  | Pricoa Global Funding I                                                         | CUSIP: 74153WCZ0<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4006507.20   | 0.22%             | 2030-11-25      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| ROYAL BANK OF CANADA                                                     | Royal Bank of Canada                                                            | CUSIP: 78017DAA6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3990000 | PA      | $4068983.81   | 0.23%             | 2029-01-24      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| SBNA Auto Lease Trust                                                    | SBNA Auto Lease Trust 2024-C                                                    | CUSIP: 78398DAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3060000 | PA      | $3075903.89   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2024-B                                | CUSIP: 02007G4F7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1334883 | PA      | $1348475.69   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2024-1                                                  | CUSIP: 14318WAH0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1023410.90   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC                                                           | S&P Global Inc                                                                  | CUSIP: 78409VBT0<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2995845.66   | 0.17%             | 2031-01-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2024-1                                   | CUSIP: 80288AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1850000 | PA      | $1878102.33   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| COREBRIDGE GLOB FUNDING                                                  | Corebridge Global Funding                                                       | CUSIP: 00138CBM9<br>LEI: 54930057MDZ7KOVOTV71 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2395362.00   | 0.13%             | 2031-01-09      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| AERCAP IRELAND CAP/GLOBA                                                 | AerCap Ireland Capital DAC / AerCap Global Aviation Trust                       | CUSIP: 00774MBG9<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   7077000 | PA      | $7263873.28   | 0.41%             | 2027-04-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2022-6                                   | CUSIP: 802918AE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    878999 | PA      | $880503.69    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust                                  | Securitized Term Auto Receivables Trust                                         | CUSIP: 81378RAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |    893528 | PA      | $903990.72    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust                                  | Securitized Term Auto Receivables Trust                                         | CUSIP: 81378RAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | CA        |    685038 | PA      | $701024.93    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                                                   | Standard Chartered PLC                                                          | CUSIP: 85325C2H4<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |   4000000 | PA      | $4120835.60   | 0.23%             | 2031-05-13      | Fixed         | 5.24%                 | Yes           |                  2 | On Loan: —       |
| Contimortgage Home Equity Loan Trust                                     | Contimortgage Home Equity Loan Trust 1996-4                                     | CUSIP: 21075WDS1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3873 | PA      | $3166.34      | 0.00%             | 2028-01-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2023-3                                             | CUSIP: 24702EAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1500000 | PA      | $1512980.63   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Tesla Auto Lease Trust                                                   | Tesla Auto Lease Trust 2024-B                                                   | CUSIP: 881934AG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5325000 | PA      | $5382904.32   | 0.30%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                 | Toyota Motor Credit Corp                                                        | CUSIP: 89236TPH2<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3994329.08   | 0.22%             | 2031-01-10      | Fixed         | 4.20%                 | No            |                  2 | On Loan: —       |
| Drive Auto Receivables Trust                                             | Drive Auto Receivables Trust 2024-1                                             | CUSIP: 26208WAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $7086208.85   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| ENEL FINANCE INTL NV                                                     | Enel Finance International NV                                                   | CUSIP: 29278GBG2<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   5000000 | PA      | $4990084.65   | 0.28%             | 2030-09-30      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                       | Ally Financial Inc                                                              | CUSIP: 02005NBT6<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $2173094.19   | 0.12%             | 2029-06-13      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2025-A                                | CUSIP: 02007G5H2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5385357 | PA      | $5413959.75   | 0.30%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                               | CUSIP: 3136AVR27<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    502207 | PA      | $495116.72    | 0.03%             | 2047-04-25      | Floating      | 4.16%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae Pool                                                                 | CUSIP: 31385YCQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     27692 | PA      | $27689.75     | 0.00%             | 2040-05-01      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                              | CUSIP: 31397GZ94<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     67037 | PA      | $66963.09     | 0.00%             | 2036-07-15      | Floating      | 4.22%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                               | CUSIP: 31397MGS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33682 | PA      | $34107.12     | 0.00%             | 2037-06-25      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Trillium Credit Card Trust II                                            | Trillium Credit Card Trust II                                                   | CUSIP: 89621ABN8<br>LEI: 549300P7QN1SDIOQVL28 | Long             | ABS-O            | CORP              | CA        |   3000000 | PA      | $3056313.75   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                    | Truist Financial Corp                                                           | CUSIP: 89788MAU6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3075092.76   | 0.17%             | 2031-05-20      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| Ally Bank Auto Credit-Linked Notes                                       | Ally Bank Auto Credit-Linked Notes Series 2025-B                                | CUSIP: 02007G6S7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1968758 | PA      | $1972747.38   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                                              | Ally Auto Receivables Trust 2023-1                                              | CUSIP: 02007WAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2143000 | PA      | $2180172.69   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Truist Bank Auto Credit-Linked Notes                                     | Truist Bank Auto Credit-Linked Notes Series 2025-1                              | CUSIP: 897926CC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2225074 | PA      | $2226993.97   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| TYCO ELECTRONICS GROUP S                                                 | Tyco Electronics Group SA                                                       | CUSIP: 902133BC0<br>LEI: C33G1C5SYE2YM95EE712 | Long             | DBT              | CORP              | LU        |   1000000 | PA      | $1009574.02   | 0.06%             | 2031-02-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                 | Ford Motor Credit Co LLC                                                        | CUSIP: 345397J20<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1505000 | PA      | $1513272.65   | 0.08%             | 2029-04-06      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                                   | GE HealthCare Technologies Inc                                                  | CUSIP: 36266GAA5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   2325000 | PA      | $2372894.23   | 0.13%             | 2029-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                                    | HPEFS Equipment Trust 2025-2                                                    | CUSIP: 442927AF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1749191.24   | 0.10%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MET TOWER GLOBAL FUNDING                                                 | Met Tower Global Funding                                                        | CUSIP: 58989V2M5<br>LEI: 635400OFJCY9IOGBGY57 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1637643.52   | 0.09%             | 2029-01-14      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                            | CUSIP: 92348KDQ3<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   7750000 | PA      | $7894899.43   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding LLC                                           | Wheels Fleet Lease Funding 1 LLC                                                | CUSIP: 96328GCR6<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   1287000 | PA      | $1288275.74   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                                 | Microchip Technology Inc                                                        | CUSIP: 595017BE3<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   1945000 | PA      | $1990681.40   | 0.11%             | 2029-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: —       |
| Navistar Financial Dealer Note Master Trust                              | Navistar Financial Dealer Note Master Owner Trust II 2025-1                     | CUSIP: 63938PCB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1460000 | PA      | $1450652.64   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                                              | Ally Auto Receivables Trust 2024-1                                              | CUSIP: 02008FAG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2021398.90   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Ally Auto Receivables Trust                                              | ALLY AUTO RECEIVABLES TRUST 2023-A                                              | CUSIP: 02008NAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5102500 | PA      | $5168886.08   | 0.29%             |  |  |  | Yes           |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE                                                  | Nissan Motor Acceptance Co LLC                                                  | CUSIP: 65480CAJ4<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3983421.72   | 0.22%             | 2027-09-13      | Floating      | 5.73%                 | Yes           |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                            | CUSIP: 92348KDU4<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1018407.60   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                            | CUSIP: 92348KEE9<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |  10150000 | PA      | $10340926.58  | 0.58%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE                                                   | American Honda Finance Corp                                                     | CUSIP: 02665WGL9<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5021898.85   | 0.28%             | 2030-09-04      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                      | American Tower Corp                                                             | CUSIP: 03027XCG3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   4000000 | PA      | $4114551.12   | 0.23%             | 2029-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receivables Trust                                 | AmeriCredit Automobile Receivables Trust 2022-2                                 | CUSIP: 03065WAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3635000 | PA      | $3654577.75   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                                    | ARI Fleet Lease Trust 2026-A                                                    | CUSIP: 04033DAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    475000 | PA      | $475951.00    | 0.03%             |  |  |  | Yes           |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                                                  | Australia & New Zealand Banking Group Ltd                                       | CUSIP: 05252ADN8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   2000000 | PA      | $2024324.10   | 0.11%             | 2029-12-16      | Floating      | 4.53%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Credit Card Trust                                        | BA Credit Card Trust                                                            | CUSIP: 05522RDJ4<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $6094560.60   | 0.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Banc of America Mortgage Securities                                      | Banc of America Mortgage 2003-B Trust                                           | CUSIP: 06050HD39<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      1747 | PA      | $1663.02      | 0.00%             | 2033-03-25      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| BAYER US FINANCE LLC                                                     | Bayer US Finance LLC                                                            | CUSIP: 07274EAH6<br>LEI: 54930093Q75GSEM74I71 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1734453.38   | 0.10%             | 2026-11-21      | Fixed         | 6.13%                 | Yes           |                  2 | On Loan: No      |
| BOARDWALK PIPELINES LP                                                   | Boardwalk Pipelines LP                                                          | CUSIP: 096630AG3<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |   1445000 | PA      | $1466397.23   | 0.08%             | 2029-05-03      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                                                             | Broadcom Inc                                                                    | CUSIP: 11135FCZ2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1999356.88   | 0.11%             | 2031-01-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| CNH INDUSTRIAL CAP LLC                                                   | CNH Industrial Capital LLC                                                      | CUSIP: 12592BAQ7<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   2940000 | PA      | $2965030.63   | 0.17%             | 2028-04-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CARDS II Trust                                                           | CARDS II Trust                                                                  | CUSIP: 14161GCP3<br>LEI: 549300GWPYLNK6X47W76 | Long             | ABS-O            | CORP              | US        |   3690000 | PA      | $3585587.21   | 0.20%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                                    | ARI Fleet Lease Trust 2024-A                                                    | CUSIP: 00218KAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1625000 | PA      | $1646434.08   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2024-4                                                  | CUSIP: 14290DAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3500000 | PA      | $3537411.85   | 0.20%             |  |  |  | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2022-1                                                  | CUSIP: 14317CAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7250000 | PA      | $7216418.73   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2022-1                                                  | CUSIP: 14317CAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6000000 | PA      | $5974901.40   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | Carmax Auto Owner Trust 2025-1                                                  | CUSIP: 14319WAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1420000 | PA      | $1452153.84   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust                             | American Express Credit Account Master Trust                                    | CUSIP: 02582JKH2<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |   5250000 | PA      | $5345193.53   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP                                                      | American Tower Corp                                                             | CUSIP: 03027XCN8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              |  | US        |   1805000 | PA      | $1844540.58   | 0.10%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| ARI Fleet Lease Trust                                                    | ARI Fleet Lease Trust 2025-A                                                    | CUSIP: 04033CAE6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1050000 | PA      | $1061720.73   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| BROADCOM INC                                                             | Broadcom Inc                                                                    | CUSIP: 11135FBZ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1511000 | PA      | $1538267.75   | 0.09%             | 2027-07-12      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2024-2                                             | CUSIP: 24704EAL2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3250000 | PA      | $3275802.89   | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| META PLATFORMS INC                                                       | Meta Platforms Inc                                                              | CUSIP: 30303M8S4<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |   3160000 | PA      | $3197891.34   | 0.18%             | 2029-08-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: —       |
| CarMax Auto Owner Trust                                                  | Carmax Auto Owner Trust 2025-1                                                  | CUSIP: 14319WAH9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1585000 | PA      | $1603183.44   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2026-1                                                  | CUSIP: 14320XAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1280000 | PA      | $1287830.02   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                                                  | CarMax Auto Owner Trust 2026-1                                                  | CUSIP: 14320XAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1003737.60   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                       | CUSIP: 165183CW2<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1256235.00   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chesapeake Funding II LLC                                                | Chesapeake Funding II LLC                                                       | CUSIP: 165183CY8<br>LEI: 5493000HT7H4OFOD6Z12 | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2002827.40   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CITIBANK NA                                                              | Citibank NA                                                                     | CUSIP: 17325FBC1<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6077118.48   | 0.34%             | 2026-12-04      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| CITIBANK NA                                                              | Citibank NA                                                                     | CUSIP: 17325FBM9<br>LEI: E57ODZWZ7FF32TWEFA76 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4008439.56   | 0.22%             | 2027-11-19      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                 | Constellation Brands Inc                                                        | CUSIP: 21036PBQ0<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1781595.95   | 0.10%             | 2029-01-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured Pass Through Certs.                         | Freddie Mac Multifamily Structured Pass Through Certificates                    | CUSIP: 3137FRUH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7898089 | PA      | $7526878.87   | 0.42%             | 2029-09-25      | Fixed         | 1.54%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                               | CUSIP: 31395NAY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     41007 | PA      | $40949.32     | 0.00%             | 2036-06-25      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION EN GEN LLC                                                 | Constellation Energy Generation LLC                                             | CUSIP: 210385AB6<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4125131.76   | 0.23%             | 2028-03-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| DLLAA LLC                                                                | DLLAA 2025-1 LLC                                                                | CUSIP: 233249AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2670000 | PA      | $2745876.99   | 0.15%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Federated Core Trust III - Federated Project and Trade Finance Core Fund | FEDERATED CORE TR III FEDERATED PROJ+TRADE FIN CORE                             | CUSIP: 31415N103<br>LEI: 549300K79QCJYF3J1472 | Long             | EC               | RF                | US        |   4069910 | NS      | $36344299.12  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fontainebleau Miami Beach Trust                                          | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                              | CUSIP: 34461WAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1625000 | PA      | $1633635.09   | 0.09%             | 2039-12-15      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC                                                  | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYR9<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4090000 | PA      | $4102608.94   | 0.23%             | 2027-10-21      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| HSB GROUP INC                                                            | HSB Group Inc                                                                   | CUSIP: 40428NAC3<br>LEI: 549300YBYP3KZS5URX14 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $977862.80    | 0.05%             | 2027-07-15      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Navistar Financial Dealer Note Master Trust                              | Navistar Financial Dealer Note Master Owner Trust                               | CUSIP: 63938PBX6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2080000 | PA      | $2086689.49   | 0.12%             |  |  |  | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                                                              | Oracle Corp                                                                     | CUSIP: 68389XCS2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   5175000 | PA      | $5092127.19   | 0.28%             | 2029-09-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| DLLST LLC                                                                | DLLST 2024-1 LLC                                                                | CUSIP: 23346HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1372680 | PA      | $1378904.12   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| DLLMT LLC                                                                | DLLMT 2026-1 LLC                                                                | CUSIP: 23347JAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1304768.21   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Daimler Trucks Retail Trust                                              | Daimler Trucks Retail Trust 2024-1                                              | CUSIP: 233874AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4076517.40   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2023-3                                             | CUSIP: 24702EAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4153000 | PA      | $4181706.57   | 0.23%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2023-2                                             | CUSIP: 24703GAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5008092.50   | 0.28%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Dell Equipment Finance Trust                                             | Dell Equipment Finance Trust 2025-2                                             | CUSIP: 24703VAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1003052.00   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Enterprise Fleet Financing LLC                                           | Enterprise Fleet Financing 2024-2 LLC                                           | CUSIP: 29375RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3750000 | PA      | $3868022.81   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Evergreen Credit Card Trust                                              | Evergreen Credit Card Trust                                                     | CUSIP: 30023JCS5<br>LEI: 5493002G9KVV6J3CNU15 | Long             | ABS-O            | CORP              | CA        |   3000000 | PA      | $3021274.80   | 0.17%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac Pool                                                                | CUSIP: 3133W6D38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10453114 | PA      | $10729812.65  | 0.60%             | 2054-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac Non Gold Pool                                                       | CUSIP: 31342AP45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     87545 | PA      | $88717.25     | 0.00%             | 2033-03-01      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac Non Gold Pool                                                       | CUSIP: 31346AGD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       781 | PA      | $786.25       | 0.00%             | 2030-11-01      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                                                              | Freddie Mac REMICS                                                              | CUSIP: 31396HUS6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    191253 | PA      | $190146.15    | 0.01%             | 2036-02-15      | Floating      | 4.12%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                                               | Fannie Mae REMICS                                                               | CUSIP: 31397QYR3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     62622 | PA      | $62604.03     | 0.00%             | 2041-03-25      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| Fontainebleau Miami Beach Trust                                          | Fontainebleau Miami Beach Mortgage Trust 2024-FBLU                              | CUSIP: 34461WAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1003126.00   | 0.06%             | 2039-12-15      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Ford Credit Floorplan Master Owner Trust                                 | Ford Credit Floorplan Master Owner Trust A                                      | CUSIP: 34528QHZ0<br>LEI: 5493001DTG5N7T8BG747 | Long             | ABS-O            | CORP              | US        |   8700000 | PA      | $8748958.38   | 0.49%             |  |  |  | Yes           |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                 | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B36<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3806831.24   | 0.21%             | 2030-11-13      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                                                 | Ford Motor Credit Co LLC                                                        | CUSIP: 345397C43<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5008656.85   | 0.28%             | 2026-03-06      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| General Motors                                                           | GMF Floorplan Owner Revolving Trust                                             | CUSIP: 361886DS0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8000000 | PA      | $8082010.40   | 0.45%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GM Financial Securitized Term Auto Receivables Tr                        | GM Financial Consumer Automobile Receivables Trust 2025-2                       | CUSIP: 362549AG2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2750000 | PA      | $2786797.89   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| GXO LOGISTICS INC                                                        | GXO Logistics Inc                                                               | CUSIP: 36262GAF8<br>LEI: 5493007CNWMXN78JRN66 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6333246.66   | 0.35%             | 2029-05-06      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CLY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $30162285.00  | 1.69%             | 2026-11-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC                                                   | GE HealthCare Technologies Inc                                                  | CUSIP: 36266GAD9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    685000 | PA      | $687243.90    | 0.04%             | 2028-12-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: —       |
| GM Financial Automobile Leasing Trust                                    | Gm Financial Automobile Leasing Trust 2025-2                                    | CUSIP: 362962AG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4000000 | PA      | $4050780.40   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO                                                   | General Motors Financial Co Inc                                                 | CUSIP: 37045XDQ6<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5012297.85   | 0.28%             | 2027-02-26      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Golden Credit Card Trust                                                 | Golden Credit Card Trust                                                        | CUSIP: 380881FC1<br>LEI: 549300BEDPMEONLTJX58 | Long             | ABS-O            | CORP              | US        |   7000000 | PA      | $6888289.80   | 0.39%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Golden Credit Card Trust                                                 | Golden Credit Card Trust                                                        | CUSIP: 380881FG2<br>LEI: 549300BEDPMEONLTJX58 | Long             | ABS-O            | CORP              | CA        |   3290000 | PA      | $3217180.13   | 0.18%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GREAT AMERICA LEASING RECEIVABLES                                        | GreatAmerica Leasing Receivables Funding LLC                                    | CUSIP: 39154TCS5<br>LEI: 549300JFP7GIDD4UWO79 | Long             | ABS-O            | CORP              | US        |   1265000 | PA      | $1274708.88   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| GreenState Auto Receivables Trust                                        | GreenState Auto Receivables Trust 2024-1                                        | CUSIP: 39573AAE2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $812574.52    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                                    | HPEFS Equipment Trust 2024-2                                                    | CUSIP: 40444MAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4500000 | PA      | $4569232.95   | 0.26%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HPEFS Equipment Trust                                                    | HPEFS Equipment Trust 2025-2                                                    | CUSIP: 442927AE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000152.10   | 0.06%             |  |  |  | Yes           |                  2 | On Loan: No      |
| HUNTINGTON NATIONAL BANK                                                 | Huntington National Bank/The                                                    | CUSIP: 44644MAK7<br>LEI: 2WHM8VNJH63UN14OL754 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2017714.20   | 0.11%             | 2028-04-12      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust                                           | Hyundai Auto Receivables Trust 2024-C                                           | CUSIP: 448976AG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5056708.00   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                  | Hyundai Auto Lease Securitization Trust 2024-B                                  | CUSIP: 44934FAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4900000 | PA      | $4951131.75   | 0.28%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust                                  | Hyundai Auto Lease Securitization Trust 2025-A                                  | CUSIP: 44935WAF4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1945000 | PA      | $1969646.46   | 0.11%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Chase Auto Credit Linked Notes                                           | Chase Auto Credit Linked Notes Series 2025-1                                    | CUSIP: 46591HCU2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    801460 | PA      | $807666.63    | 0.05%             |  |  |  | Yes           |                  2 | On Loan: No      |
| JW Commercial Mortgage Trust 2024-MRCO                                   | JW Commercial Mortgage Trust 2024-MRCO                                          | CUSIP: 46657XAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8000000 | PA      | $8020006.40   | 0.45%             | 2039-06-15      | Floating      | 6.07%                 | Yes           |                  2 | On Loan: No      |
| Kubota Credit Owner Trust                                                | Kubota Credit Owner Trust 2023-1                                                | CUSIP: 50117KAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1421421 | PA      | $1426033.37   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| LAD Auto Receivables Trust                                               | LAD Auto Receivables Trust 2024-3                                               | CUSIP: 505709AG0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1204349.70   | 0.07%             |  |  |  | Yes           |                  2 | On Loan: No      |
| MARSH & MCLENNAN COS INC                                                 | Marsh & McLennan Cos Inc                                                        | CUSIP: 571748BZ4<br>LEI: 549300XMP3KDCKJXIU47 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1180787.62   | 0.07%             | 2027-11-08      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                                                 | Microchip Technology Inc                                                        | CUSIP: 595017BL7<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   1835000 | PA      | $1878184.19   | 0.11%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY BANK NA                                                   | Morgan Stanley Bank NA                                                          | CUSIP: 61690U8F0<br>LEI: G1MLHIS0N32I3QPILB75 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5009370.15   | 0.28%             | 2027-10-15      | Floating      | 4.35%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                                                           | Morgan Stanley                                                                  | CUSIP: 61747YFK6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   2855000 | PA      | $2931812.32   | 0.16%             | 2030-01-16      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| NATIONAL GRID PLC                                                        | National Grid PLC                                                               | CUSIP: 636274AD4<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | DBT              | CORP              | GB        |   1645000 | PA      | $1701197.49   | 0.10%             | 2028-06-12      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Lease Trust                                                  | Nissan Auto Lease Trust 2025-B                                                  | CUSIP: 65481RAG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3200000 | PA      | $3242096.96   | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| ORL TRUST                                                                | ORL Trust 2024-GLKS                                                             | CUSIP: 67120DAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7000000 | PA      | $7021888.30   | 0.39%             | 2039-12-15      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES                                                   | PNC Financial Services Group Inc/The                                            | CUSIP: 693475CG8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $2078411.96   | 0.12%             | 2029-01-26      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                   | Philip Morris International Inc                                                 | CUSIP: 718172CZ0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4076881.28   | 0.23%             | 2028-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PRICOA GLOBAL FUNDING 1                                                  | Pricoa Global Funding I                                                         | CUSIP: 74153WCT4<br>LEI: 635400IBXEBMD9ADYA79 | Long             | DBT              | CORP              | US        |   2855000 | PA      | $2882074.25   | 0.16%             | 2026-08-28      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| PUBLIC SERVICE ENTERPRIS                                                 | Public Service Enterprise Group Inc                                             | CUSIP: 744573BA3<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | DBT              | CORP              | US        |   3740000 | PA      | $3825277.54   | 0.21%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: —       |
| REGIONS FINANCIAL CORP                                                   | Regions Financial Corp                                                          | CUSIP: 7591EPAU4<br>LEI: CW05CS5KW59QTC0DG824 | Long             | DBT              | CORP              | US        |   3305000 | PA      | $3453365.15   | 0.19%             | 2030-06-06      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN                                                 | Rogers Communications Inc                                                       | CUSIP: 775109DE8<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $4082578.36   | 0.23%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES INC                                                   | Roper Technologies Inc                                                          | CUSIP: 776696AL0<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |   1585000 | PA      | $1589221.03   | 0.09%             | 2030-09-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| RYDER SYSTEM INC                                                         | Ryder System Inc                                                                | CUSIP: 78355HKX6<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5288401.30   | 0.30%             | 2028-12-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                                  | Santander Bank Auto Credit-Linked Notes Series 2024-B                           | CUSIP: 80280BAE8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1400285 | PA      | $1410919.75   | 0.08%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2025-3                                   | CUSIP: 80288JAF0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  10300000 | PA      | $10433261.92  | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                                  | Santander Bank Auto Credit-Linked Notes Series 2025-A                           | CUSIP: 80290CCT9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2506671.25   | 0.14%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2024-5                                   | CUSIP: 802920AG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7500000 | PA      | $7594843.88   | 0.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust                                   | Santander Drive Auto Receivables Trust 2025-4                                   | CUSIP: 802923AF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6500000 | PA      | $6539725.40   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Securitized Term Auto Receivables Trust                                  | Securitized Term Auto Receivables Trust                                         | CUSIP: 81378WAH6<br>LEI: 254900DVX7EZK9JMUP63 | Long             | ABS-O            | CORP              | CA        |   1650000 | PA      | $1654578.01   | 0.09%             |  |  |  | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC                                                         | T-Mobile USA Inc                                                                | CUSIP: 87264ACZ6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4076744.36   | 0.23%             | 2028-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TEXAS Commercial Mortgage Trust                                          | TEXAS Commercial Mortgage Trust 2025-TWR                                        | CUSIP: 88231WAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1125000 | PA      | $1125702.23   | 0.06%             | 2042-04-15      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| TEXAS Commercial Mortgage Trust                                          | TEXAS Commercial Mortgage Trust 2025-TWR                                        | CUSIP: 88231WAE5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    600000 | PA      | $601501.38    | 0.03%             | 2042-04-15      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| TORONTO-DOMINION BANK                                                    | Toronto-Dominion Bank/The                                                       | CUSIP: 89115A3D2<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   4000000 | PA      | $4033666.92   | 0.23%             | 2029-12-17      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP                                                 | Toyota Motor Credit Corp                                                        | CUSIP: 89236TLL7<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4080206.16   | 0.23%             | 2029-01-05      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| TRUIST FINANCIAL CORP                                                    | Truist Financial Corp                                                           | CUSIP: 89788MAL6<br>LEI: 549300DRQQI75D2JP341 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1198839.08   | 0.07%             | 2029-01-26      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| TYSON FOODS INC                                                          | Tyson Foods Inc                                                                 | CUSIP: 902494BL6<br>LEI: WD6L6041MNRW1JE49D58 | Long             | DBT              | CORP              | US        |   4045000 | PA      | $4188346.47   | 0.23%             | 2029-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| U.S. Bank National Association                                           | US Bank NA                                                                      | CUSIP: 90357PAV6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    632494 | PA      | $638061.51    | 0.04%             |  |  |  | Yes           |                  2 | On Loan: No      |
| United States Treasury                                                   | U.S. Treasury Notes                                                             | CUSIP: 91282CPB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  30000000 | PA      | $29986314.00  | 1.68%             | 2027-09-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                            | CUSIP: 92348KCT8<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   3260000 | PA      | $3345351.04   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Verizon Master Trust                                                     | Verizon Master Trust                                                            | CUSIP: 92348KFB4<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |   3850000 | PA      | $3855454.30   | 0.22%             |  |  |  | Yes           |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates                                  | WaMu Mortgage Pass-Through Certificates Series 2006-AR17 Trust                  | CUSIP: 92925DAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    148352 | PA      | $125913.48    | 0.01%             | 2046-12-25      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| WAMU Mortgage Pass-Through Certificates                                  | WaMu Mortgage Pass-Through Certificates Series 2006-AR15 Trust                  | CUSIP: 93363QAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    131613 | PA      | $122277.19    | 0.01%             | 2046-11-25      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| Wheels Fleet Lease Funding LLC                                           | Wheels Fleet Lease Funding 1 LLC                                                | CUSIP: 96328GCS4<br>LEI: 549300BSFY0E0XXREF43 | Long             | ABS-O            | CORP              | US        |   2400000 | PA      | $2402823.72   | 0.13%             |  |  |  | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-23

**Name of Applicant:** Federated Hermes Income Securities Trust

**Signature:** Stephen Van Meter

**Name of Signer:** Federated Hermes Income Securities Trust

**Title:** Chief Compliance Officer