# EDGAR Filing Document

**Accession Number:** 0000063075
**File Stem:** 0001752724-23-068529
**Filing Date:** 2023-3
**Character Count:** 532238
**Document Hash:** 4535c237168a0f410b760836873c4629
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-068529.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-068529

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MFS SERIES TRUST IX
- **CENTRAL INDEX KEY:** 0000063075
- **IRS NUMBER:** 042535629
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02464
- **FILM NUMBER:** 23766984

**BUSINESS ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199
- **BUSINESS PHONE:** 18006372929

**MAIL ADDRESS:**
- **STREET 1:** 111 HUNTINGTON AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02199

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS SERIES TRUST IX /MA/
- **DATE OF NAME CHANGE:** 19951218

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS SERIES TRUST IX
- **DATE OF NAME CHANGE:** 19950207

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MFS BOND FUND
- **DATE OF NAME CHANGE:** 19930408

## Series and Classes Contracts Data

### MFS Total Return Bond Fund (Series ID: S000002497)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000006760 | A            | MRBFX           |
| C000006761 | R4           | MRBJX           |
| C000006765 | B            | MRBBX           |
| C000006766 | C            | MRBCX           |
| C000006767 | I            | MRBIX           |
| C000006769 | R1           | MRBGX           |
| C000006771 | R2           | MRRRX           |
| C000006772 | R3           | MRBHX           |
| C000034443 | R6           | MRBKX           |

## Nport-Ex

![](img4cc52a2f1.gif)

### Quarterly Report
January 31, 2023

MFS<sup>®</sup> Total Return<br> Bond Fund

![](img2f5965fd2.gif)

RBF-Q3

------

### Portfolio of Investments
1/31/23 (unaudited)

The Portfolio of Investments is a complete list of all securities owned by your fund. It is categorized by broad-based asset classes.

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – 98.9% | Bonds – 98.9% | Bonds – 98.9% |
| Aerospace & Defense – 1.0% | Aerospace & Defense – 1.0% | Aerospace & Defense – 1.0% |
| Boeing Co., 2.196%, 2/04/2026 | $26637000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$24626652 |
| Boeing Co., 5.15%, 5/01/2030 | &nbsp;&nbsp;7084000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7140068 |
| Boeing Co., 5.705%, 5/01/2040 | &nbsp;&nbsp;6632000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6786251 |
| Boeing Co., 5.805%, 5/01/2050 | 14572000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14876533 |
| TransDigm, Inc., 4.625%, 1/15/2029 | 24233000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21862043 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$75291547 |
| Asset-Backed & Securitized – 17.9% | Asset-Backed & Securitized – 17.9% | Asset-Backed & Securitized – 17.9% |
| ACREC 2021-FL1 Ltd., "C", FLR, 6.62% (LIBOR - 1mo. + 2.15%), 10/16/2036 (n) | $10841500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$10347379 |
| ACREC 2021-FL1 Ltd., "D", FLR, 7.12% (LIBOR - 1mo. + 2.65%), 10/16/2036 (n) | 13074500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12330671 |
| ACRES 2021-FL2 Issuer Ltd., "C", FLR, 7.115% (LIBOR - 1mo. + 2.65%), 1/15/2037 (n) | 13618500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12873094 |
| Allegro CLO Ltd., 2014-1RA, "A2", FLR, 6.415% (LIBOR - 3mo. + 1.6%), 10/21/2028 (n) | 14107464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13941151 |
| Arbor Realty Trust, Inc., CLO, 2019-FL2, "AS", FLR, 6.043% (LIBOR - 1mo. + 1.45%), 9/15/2034 (n) | &nbsp;&nbsp;4019500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3984792 |
| Arbor Realty Trust, Inc., CLO, 2019-FL2, "B", FLR, 6.343% (LIBOR - 1mo. + 1.75%), 9/15/2034 (n) | &nbsp;&nbsp;3215500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3106816 |
| Arbor Realty Trust, Inc., CLO, 2019-FL2, FLR, 6.83% (SOFR - 1mo. + 2.15%), 9/15/2034 (n) | &nbsp;&nbsp;1815000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1734134 |
| Arbor Realty Trust, Inc., CLO, 2020-FL1, "B", FLR, 6.397% (LIBOR - 1mo. + 1.8%), 2/15/2035 (n) | &nbsp;&nbsp;4500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4321759 |
| Arbor Realty Trust, Inc., CLO, 2020-FL1, "C", FLR, 6.647% (LIBOR - 1mo. + 2.05%), 2/15/2035 (n) | 15774500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15492389 |
| Arbor Realty Trust, Inc., CLO, 2021-FL1, "C", FLR, 6.423% (LIBOR - 1mo. + 2%), 12/15/2035 (n) | &nbsp;&nbsp;4863500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4605778 |
| Arbor Realty Trust, Inc., CLO, 2021-FL1, "D", FLR, 7.373% (LIBOR - 1mo. + 2.95%), 12/15/2035 (n) | &nbsp;&nbsp;3420500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3190744 |
| Arbor Realty Trust, Inc., CLO, 2021-FL2, "B", FLR, 6.054% (LIBOR - 1mo. + 1.6%), 5/15/2036 (n) | &nbsp;&nbsp;4735000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4486318 |
| Arbor Realty Trust, Inc., CLO, 2021-FL3, "C", FLR, 6.304% (LIBOR - 1mo. + 1.85%), 8/15/2034 (n) | &nbsp;&nbsp;9870000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8929369 |
| Arbor Realty Trust, Inc., CLO, 2021-FL3, "D", FLR, 6.654% (LIBOR - 1mo. + 2.2%), 8/15/2034 (n) | &nbsp;&nbsp;4110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3803723 |
| Arbor Realty Trust, Inc., CLO, 2021-FL4, "C", FLR, 6.754% (LIBOR - 1mo. + 2.3%), 11/15/2036 (n) | 14892500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14230948 |
| Arbor Realty Trust, Inc., CLO, 2022-FL1, "D", FLR, 7.278% (SOFR - 30 day + 3%), 1/15/2037 (n) | 40620500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38208816 |
| AREIT 2019-CRE3 Trust, "A", FLR, 5.867% (LIBOR - 1mo. + 1.02%), 9/14/2036 (n) | &nbsp;&nbsp;&nbsp;&nbsp;194733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192591 |
| AREIT 2019-CRE3 Trust, "B", FLR, 6.147% (LIBOR - 1mo. + 1.55%), 9/14/2036 (n) | &nbsp;&nbsp;7734500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7443273 |
| AREIT 2019-CRE3 Trust, "C", FLR, 6.497% (SOFR - 1mo. + 2.014%), 9/14/2036 (n) | &nbsp;&nbsp;6751000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6406253 |
| AREIT 2019-CRE3 Trust, "D", FLR, 7.247% (LIBOR - 1mo. + 2.65%), 9/14/2036 (n) | &nbsp;&nbsp;6243500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5833620 |
| AREIT 2022-CRE6 Trust, "B", FLR, 6.16% (SOFR - 30 day + 1.85%), 1/16/2037 (n) | &nbsp;&nbsp;4924000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4531104 |
| AREIT 2022-CRE6 Trust, "C", FLR, 6.46% (SOFR - 30 day + 2.15%), 1/16/2037 (n) | 10134500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9431733 |
| AREIT 2022-CRE6 Trust, "D", FLR, 7.16% (SOFR - 30 day + 2.85%), 12/17/2024 (n) | &nbsp;&nbsp;4313500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3992429 |
| Babson CLO Ltd., 2013-IIA, "BR", FLR, 6.058% (LIBOR - 3mo. + 1.25%), 1/20/2028 (n) | 23804982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23512790 |
| Bayview Commercial Asset Trust, 0%, 12/25/2036 (i)(n) | &nbsp;&nbsp;1752345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175 |
| Bayview Commercial Asset Trust, FLR, 4.971% (LIBOR - 1mo. + 0.31%), 8/25/2035 (n) | &nbsp;&nbsp;&nbsp;&nbsp;101844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94275 |
| Bayview Financial Revolving Mortgage Loan Trust, FLR, 6.147% (LIBOR - 1mo. + 1.6%), 12/28/2040 (n) | &nbsp;&nbsp;&nbsp;&nbsp;539694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;671841 |
| BBCMS Mortgage Trust, 2019-C5, "A4", 3.063%, 11/15/2052 | &nbsp;&nbsp;9055000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8207218 |
| BBCMS Mortgage Trust, 2022-C18, "AS", 6.148%, 12/15/2055 | 10215909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10961933 |
| BDS 2019-FL4 Ltd., "A", FLR, 5.565% (LIBOR - 1mo. + 1.10%), 8/15/2036 (n) | &nbsp;&nbsp;&nbsp;&nbsp;288121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287309 |
| BDS 2019-FL4 Ltd., "C", FLR, 6.465% (LIBOR - 1mo. + 2%), 8/15/2036 (n) | 10946500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10718386 |
| BDS 2021-FL7 Ltd., "B", FLR, 5.97% (LIBOR - 1mo. + 1.5%), 6/16/2036 (n) | &nbsp;&nbsp;5159500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4860564 |
| Brazos Securitization LLC, 5.413%, 9/01/2052 (n) | 15634000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16394140 |
| BSPRT 2019-FL5 Issuer Ltd., "C", FLR, 6.454% (LIBOR - 1mo. + 2%), 5/09/2029 (n) | &nbsp;&nbsp;9385000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9155340 |
| BSPRT 2021-FL6 Issuer Ltd., "B", FLR, 6.054% (LIBOR - 1mo. + 1.6%), 3/15/2036 (n) | 15128000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13954703 |
| BSPRT 2021-FL6 Issuer Ltd., "C", FLR, 6.504% (LIBOR - 1mo. + 2.05%), 3/15/2036 (n) | &nbsp;&nbsp;5310500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4867020 |
| BSPRT 2021-FL7 Issuer Ltd., "C", FLR, 6.754% (LIBOR - 1mo. + 2.3%), 12/15/2038 (n) | &nbsp;&nbsp;3651000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3384988 |
| BSPRT 2021-FL7 Issuer Ltd., "D", FLR, 7.204% (LIBOR - 1mo. + 2.75%), 12/15/2038 (n) | &nbsp;&nbsp;4152500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3868747 |
| Business Jet Securities LLC, 2020-1A, "A", 2.981%, 11/15/2035 (n) | &nbsp;&nbsp;3262023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2993004 |
| Business Jet Securities LLC, 2021-1A, "B", 2.918%, 4/15/2036 (n) | &nbsp;&nbsp;1811411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1578124 |
| BXMT 2020-FL2 Ltd., "B", FLR, 5.997% (LIBOR - 1mo. + 1.4%), 2/15/2038 (n) | &nbsp;&nbsp;6104500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5772513 |
| BXMT 2021-FL4 Ltd., "AS", FLR, 5.759% (LIBOR - 1mo. + 1.3%), 5/15/2038 (n) | 17470500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16749534 |
| BXMT 2021-FL4 Ltd., "B", FLR, 6.009% (LIBOR - 1mo. + 1.55%), 5/15/2038 (n) | 38262000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35542540 |
| Cantor Commercial Real Estate, 2019-CF2, "A5", 2.874%, 11/15/2052 | 20960656 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18693931 |
| Capital Automotive, 2020-1A, "A4", REIT, 3.19%, 2/15/2050 (n) | &nbsp;&nbsp;8124706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7675165 |
| C-BASS Mortgage Loan Trust, 2007-CB1, "AF3", 3.11%, 1/25/2037 (d)(q) | &nbsp;&nbsp;1131495 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360315 |
| C-BASS Mortgage Loan Trust, 2007-CB3, "A3", 3.27%, 3/25/2037 (d)(q) | &nbsp;&nbsp;1189765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;454725 |
| CHCP 2021-FL1 Ltd., "B", FLR, 6.247% (LIBOR - 1mo. + 1.65%), 2/15/2038 (n) | &nbsp;&nbsp;6412000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6079867 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued |
| CHCP 2021-FL1 Ltd., "C", FLR, 6.697% (LIBOR - 1mo. + 2.1%), 2/15/2038 (n) | $&nbsp;&nbsp;5168000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4805829 |
| Citigroup Commercial Mortgage Trust, 2014-GC25, "A4", 3.635%, 10/10/2047 | &nbsp;&nbsp;4461971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4346535 |
| Citigroup Commercial Mortgage Trust, 2015-GC27, "A5", 3.137%, 2/10/2048 | 11154926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10717652 |
| Citigroup Commercial Mortgage Trust, 2016-P6, "A5", 3.72%, 12/10/2049 | &nbsp;&nbsp;5948000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5677061 |
| CLNC 2019-FL1 Ltd., "B", FLR, 6.497% (LIBOR - 1mo. + 1.9%), 8/20/2035 (n) | &nbsp;&nbsp;6270000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6024624 |
| CLNC 2019-FL1 Ltd., "C", FLR, 6.997% (LIBOR - 1mo. + 2.4%), 8/20/2035 (n) | 10190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9564599 |
| Columbia Cent CLO 28 Ltd., "A-2-R", 6.53%, 11/07/2030 (n) | 28014809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27255608 |
| Columbia Cent CLO 28 Ltd., "B-R", 6.98%, 11/07/2030 (n) | 17835205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16842426 |
| Commercial Mortgage Pass-Through Certificates, 2014-LC19 "A4", 3.183%, 2/10/2048 | &nbsp;&nbsp;9743000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9377045 |
| Commercial Mortgage Pass-Through Certificates, 2019-BNK17, "AS", 3.976%, 4/15/2052 | &nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4641934 |
| Commercial Mortgage Trust, 2015-DC1, "A5", 3.35%, 2/10/2048 | &nbsp;&nbsp;9577577 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9224779 |
| Commercial Mortgage Trust, 2015-LC21, "A4", 3.708%, 7/10/2048 | &nbsp;&nbsp;9963398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9613406 |
| Commercial Mortgage Trust, 2015-PC1, "A5", 3.902%, 7/10/2050 | &nbsp;&nbsp;4781393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4651244 |
| Commercial Mortgage Trust, 2017-COR2, "A3", 3.51%, 9/10/2050 | 26790000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25366872 |
| Credit Acceptance Auto Loan Trust, 2021-3A, "C", 1.63%, 9/16/2030 (n) | &nbsp;&nbsp;2159000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1963940 |
| CSAIL Commercial Mortgage Trust, 2015-C2, "A4", 3.504%, 6/15/2057 | &nbsp;&nbsp;3687246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3548073 |
| Cutwater 2014-1A Ltd., "BR", FLR, 7.192% (LIBOR - 3mo. + 2.4%), 7/15/2026 (n) | &nbsp;&nbsp;&nbsp;&nbsp;560099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557007 |
| Cutwater 2015-1A Ltd., "BR", FLR, 6.592% (LIBOR - 3mo. + 1.8%), 1/15/2029 (n) | 27695000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27302396 |
| Dryden Senior Loan Fund, 2014-36A, "BR3", CLO, FLR, 6.242% (LIBOR - 3mo. + 1.45%), 4/15/2029 (n) | 14975000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14760723 |
| Dryden Senior Loan Fund, 2017-49A, "CR", CLO, FLR, 6.845% (LIBOR - 3mo. + 2.05%), 7/18/2030 (n) | 16500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15815530 |
| DT Auto Owner Trust, 2023-1A, "A", 5.48%, 4/15/2027 (n) | 19663000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19658816 |
| GMAC Mortgage Corp. Loan Trust, FGIC, 5.805%, 10/25/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95596 |
| GS Mortgage Securities Trust, 2015-GC30, "A4", 3.382%, 5/10/2050 | 11461699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10999642 |
| HarbourView CLO VII Ltd., 7RA, "B", FLR, 6.494% (LIBOR - 3mo. + 1.7%), 7/18/2031 (n) | 15920000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15280000 |
| IMPAC CMB Trust, FLR, 5.246% (LIBOR - 1mo. + 0.74%), 11/25/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16225 |
| IMPAC CMB Trust, FLR, 5.426% (LIBOR - 1mo. + 0.92%), 11/25/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8321 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8167 |
| IMPAC Secured Assets Corp., FLR, 5.205% (LIBOR - 1mo. + 0.35%), 5/25/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29117 |
| JPMBB Commercial Mortgage Securities Trust, 2014-C26, "A4", 3.494%, 1/15/2048 | 13025174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12549917 |
| JPMBB Commercial Mortgage Securities Trust, 2015-C28, "A4", 3.227%, 10/15/2048 | 23872958 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22768659 |
| JPMDB Commercial Mortgage Securities Trust, 2017-C7, 3.409%, 10/15/2050 | 11500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10826028 |
| JPMorgan Chase Commercial Mortgage Securities Corp., 5.708%, 7/15/2042 (n) | &nbsp;&nbsp;&nbsp;&nbsp;390388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;317113 |
| LCCM 2021-FL2 Trust, "C", FLR, 6.609% (LIBOR - 1mo. + 2.15%), 12/13/2038 (n) | &nbsp;&nbsp;8225000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7927921 |
| LoanCore 2018-CRE1 Ltd., "AS", FLR, 5.959% (LIBOR - 1mo. + 1.5%), 5/15/2028 (n) | 12838364 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12789360 |
| LoanCore 2018-CRE1 Ltd., "C", FLR, 7.009% (LIBOR - 1mo. + 2.55%), 5/15/2028 (n) | &nbsp;&nbsp;5705000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5545505 |
| LoanCore 2018-CRE1 Ltd., "C", FLR, 6.409% (LIBOR - 1mo. + 1.95%), 4/15/2034 (n) | &nbsp;&nbsp;5553900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5612505 |
| LoanCore 2018-CRE3 Ltd., "B", FLR, 6.059% (LIBOR - 1mo. + 1.6%), 4/15/2034 (n) | &nbsp;&nbsp;5351850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5362286 |
| LoanCore 2019-CRE2 Ltd., "D", FLR, 6.909% (LIBOR - 1mo. + 2.45%), 5/15/2036 (n) | &nbsp;&nbsp;3164500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3097726 |
| LoanCore 2019-CRE3 Ltd., "AS", FLR, 5.829% (LIBOR - 1mo. + 1.37%), 4/15/2034 (n) | &nbsp;&nbsp;3796830 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3813897 |
| LoanCore 2021-CRE5 Ltd., "AS", FLR, 6.204% (LIBOR - 1mo. + 1.75%), 7/15/2036 (n) | 23249000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22043986 |
| LoanCore 2021-CRE5 Ltd., "B", FLR, 6.454% (LIBOR - 1mo. + 2%), 7/15/2036 (n) | &nbsp;&nbsp;8432000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7965136 |
| LoanCore 2021-CRE6 Ltd., "B", FLR, 6.359% (LIBOR - 1mo. + 1.9%), 11/15/2038 (n) | 42852000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40222558 |
| Madison Park Funding Ltd., 2017- 23A, "CR", FLR, 6.815% (LIBOR - 3mo. + 2%), 7/27/2031 (n) | 24271403 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23433142 |
| Madison Park Funding XLI Ltd., 2012-A, "B1R", FLR, 6.165% (LIBOR - 3mo. + 1.35%), 4/22/2027 (n) | 15670000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15412369 |
| Merrill Lynch Mortgage Investors, Inc., 1.315%, 2/25/2037 (a)(d) | &nbsp;&nbsp;1800294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247597 |
| MF1 2020-FL4 Ltd., "AS", FLR, 6.697% (LIBOR - 1mo. + 2.1%), 11/15/2035 (n) | 10615000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10601876 |
| MF1 2021-FL5 Ltd., "C", FLR, 6.297% (LIBOR - 1mo. + 1.7%), 7/15/2036 (n) | 10670500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9958948 |
| MF1 2022-FL8 Ltd., "C", FLR, 6.509% (SOFR - 30 day + 2.2%), 2/19/2037 (n) | 10626099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9958095 |
| MF1 2022-FL8 Ltd., "D", FLR, 6.96% (SOFR - 30 day + 2.65%), 2/19/2037 (n) | &nbsp;&nbsp;6141972 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5726299 |
| MidOcean Credit CLO, 2013-2A, "BR", FLR, 6.452% (LIBOR - 3mo. + 1.65%), 1/29/2030 (n) | 31520702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30731865 |
| Morgan Stanley Bank of America Merrill Lynch Trust, 2015-C21, "A4", 3.338%, 3/15/2048 | &nbsp;&nbsp;8114737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7777918 |
| Neuberger Berman CLO Ltd., 2013-15A, "CR2", FLR, 6.642% (LIBOR - 3mo. + 1.85%), 10/15/2029 (n) | &nbsp;&nbsp;5663303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5415624 |
| Neuberger Berman CLO Ltd., 2016-21A, "CR2", 6.858%, 4/20/2034 (n) | &nbsp;&nbsp;9973559 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9658644 |
| Neuberger Berman CLO Ltd., 2017-16SA, "BR", FLR, 6.192% (LIBOR - 3mo. + 1.4%), 4/15/2034 (n) | 20000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19520220 |
| Oaktree CLO 2019-1A Ltd., "BR", FLR, 6.565% (LIBOR - 3mo. + 1.75%), 4/22/2030 (n) | 16780750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16279660 |
| Oaktree CLO 2019-1A Ltd., "CR", FLR, 7.165% (LIBOR - 3mo. + 2.35%), 4/22/2030 (n) | 22979914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21927710 |
| OneMain Financial Issuance Trust 2022-3A, "A", 5.94%, 5/15/2034 (n) | 15058000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15188720 |
| Ownit Mortgage Loan Asset-Backed Certificates, 3.116%, 10/25/2035 | &nbsp;&nbsp;&nbsp;&nbsp;485330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;282415 |
| Palmer Square Loan Funding 2020-1A Ltd., "A2", FLR, 6.025% (LIBOR - 3mo. + 1.35%), 2/20/2028 (n) | 13300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13141358 |
| Palmer Square Loan Funding 2020-1A Ltd., "B", FLR, 6.575% (LIBOR - 3mo. + 1.9%), 2/20/2028 (n) | 11690351 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11528241 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued | Asset-Backed & Securitized – continued |
| Parallel 2015-1A Ltd., "C1R", FLR, 6.557% (LIBOR - 3mo. + 1.75%), 7/20/2027 (n) | $&nbsp;&nbsp;3700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3650801 |
| Parallel 2015-1A Ltd., "C2R", FLR, 6.558% (LIBOR - 3mo. + 1.75%), 7/20/2027 (n) | &nbsp;&nbsp;3990000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3915890 |
| PFP III 2021-7 Ltd., "B", FLR, 5.854% (LIBOR - 1mo. + 1.4%), 4/14/2038 (n) | &nbsp;&nbsp;3866807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3619327 |
| PFP III 2021-7 Ltd., "C", FLR, 6.104% (LIBOR - 1mo. + 1.65%), 4/14/2038 (n) | &nbsp;&nbsp;6776662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6306253 |
| Preferred Term Securities XIX Ltd., CDO, FLR, 5.119% (LIBOR - 3mo. + 0.35%), 12/22/2035 (n) | &nbsp;&nbsp;2259069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2022093 |
| Race Point CLO Ltd., 2013-8A, "AR-2", FLR, 5.715% (LIBOR - 3mo. + 1.04%), 2/20/2030 (n) | 12500239 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12385261 |
| ReadyCap Commercial Mortgage Trust, 2021-FL7, "C", FLR, 6.705% (LIBOR - 1mo. + 2.2%), 11/25/2036 (n) | &nbsp;&nbsp;5795000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5453810 |
| ReadyCap Commercial Mortgage Trust, 2021-FL7, "D", FLR, 7.456% (LIBOR - 1mo. + 2.95%), 11/25/2036 (n) | &nbsp;&nbsp;6825000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6305399 |
| Regatta II Funding L.P., 2013-2A, "BR3", FLR, 6.792% (LIBOR - 3mo. + 2%), 1/15/2029 (n) | 17000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16432540 |
| Residential Funding Mortgage Securities, Inc., FGIC, 4.171%, 12/25/2035 | &nbsp;&nbsp;&nbsp;&nbsp;137728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136692 |
| Santander Retail Auto Lease Trust, 2020-A, "C", 2.08%, 3/20/2024 (n) | &nbsp;&nbsp;4617811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4601288 |
| Securitized Term Auto Receivable Trust, 2019-CRTA, "B", 2.453%, 3/25/2026 (n) | &nbsp;&nbsp;&nbsp;&nbsp;967025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;962594 |
| Securitized Term Auto Receivable Trust, 2019-CRTA, "C", 2.849%, 3/25/2026 (n) | &nbsp;&nbsp;1153142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1148367 |
| Shackleton 2015-8A CLO Ltd., "CR", FLR, 6.458% (LIBOR - 3mo. + 1.65%), 10/20/2027 (n) | &nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1954388 |
| Starwood Commercial Mortgage, 2021-FL2, "C", FLR, 6.57% (LIBOR - 1mo. + 2.1%), 4/18/2038 (n) | 11255500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10549042 |
| Starwood Commercial Mortgage, 2022-FL3, "B", FLR, 6.229% (SOFR - 30 day + 1.95%), 11/15/2038 (n) | &nbsp;&nbsp;6082500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5794155 |
| Starwood Commercial Mortgage, 2022-FL3, "C", FLR, 6.478% (SOFR - 30 day + 2.2%), 11/15/2038 (n) | 11508500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10779628 |
| Thornburg Mortgage Securities Trust, FLR, 5.185% (LIBOR - 1mo. + 0.68%), 4/25/2043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;474 |
| TICP CLO 2018-IA Ltd., "A2", FLR, 6.321% (LIBOR - 3mo. + 1.5%), 4/26/2028 (n) | 16262022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16098097 |
| UBS Commercial Mortgage Trust, 2017-C7, "A4", 3.679%, 12/15/2050 | 33000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31303147 |
| UBS Commercial Mortgage Trust, 2017-C8, "A4", 3.983%, 2/15/2051 | 18388578 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17551287 |
| Voya CLO 2012-4A Ltd., "A2R3", FLR, 6.242% (LIBOR - 3mo. + 1.45%), 10/15/2030 (n) | &nbsp;&nbsp;8202288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7900919 |
| Voya CLO 2012-4A Ltd., "BR3", FLR, 6.742% (LIBOR - 3mo. + 1.95%), 10/15/2030 (n) | &nbsp;&nbsp;3474736 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3244729 |
| Voya CLO 2012-4A Ltd., "C1R3", FLR, 8.092% (LIBOR - 3mo. + 3.3%), 10/15/2030 (n) | &nbsp;&nbsp;4942894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4621314 |
| Wells Fargo Commercial Mortgage Trust, 2015-C28, "A4", 3.54%, 5/15/2048 | 15451790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14918462 |
| Wells Fargo Commercial Mortgage Trust, 2016-C34, "A4", 3.096%, 6/15/2049 | &nbsp;&nbsp;7740000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7286078 |
| Wells Fargo Commercial Mortgage Trust, 2016-LC25, "A4", 3.64%, 12/15/2059 | 25027917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23935706 |
| Wells Fargo Commercial Mortgage Trust, 2017-C42, "A5", 3.589%, 12/15/2050 | 13470000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12696439 |
|  |  | &nbsp;&nbsp;$1281610355 |
| Automotive – 0.2% | Automotive – 0.2% | Automotive – 0.2% |
| Stellantis N.V., 2.691%, 9/15/2031 (n) | $14723000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11866257 |
| Volkswagen Group of America Finance LLC, 3.2%, 9/26/2026 (n) | &nbsp;&nbsp;1522000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1433743 |
| Volkswagen Group of America Finance LLC, 3.75%, 5/13/2030 (n) | &nbsp;&nbsp;5056000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4608666 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17908666 |
| Broadcasting – 1.2% | Broadcasting – 1.2% | Broadcasting – 1.2% |
| Discovery, Inc., 4.65%, 5/15/2050 | $11068000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8643383 |
| Prosus N.V., 3.68%, 1/21/2030 (n) | 17751000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15354606 |
| Warnermedia Holdings, Inc., 5.05%, 3/15/2042 (n) | 24492000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20912090 |
| Warnermedia Holdings, Inc., 5.141%, 3/15/2052 (n) | 21194000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17602900 |
| Warnermedia Holdings, Inc., 5.391%, 3/15/2062 (n) | &nbsp;&nbsp;8483000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7059110 |
| WMG Acquisition Corp., 3%, 2/15/2031 (n) | 20043000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16622261 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$86194350 |
| Brokerage & Asset Managers – 1.2% | Brokerage & Asset Managers – 1.2% | Brokerage & Asset Managers – 1.2% |
| Charles Schwab Corp., 5% to 6/01/2027, FLR (CMT - 5yr. + 3.256%) to 6/01/2170 | $26796000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$25858140 |
| LPL Holdings, Inc., 4%, 3/15/2029 (n) | 21696000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19417920 |
| Morgan Stanley Domestic Holdings, Inc., 3.8%, 8/24/2027 | 18580000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18113958 |
| Morgan Stanley Domestic Holdings, Inc., 4.5%, 6/20/2028 | &nbsp;&nbsp;8585000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8568334 |
| Raymond James Financial, Inc., 4.95%, 7/15/2046 | 14019000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13516113 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$85474465 |
| Building – 0.6% | Building – 0.6% | Building – 0.6% |
| Standard Industries, Inc., 4.375%, 7/15/2030 (n) | $25624000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$21905211 |
| Standard Industries, Inc., 3.375%, 1/15/2031 (n) | 15475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12290520 |
| Vulcan Materials Co., 3.5%, 6/01/2030 | &nbsp;&nbsp;9570000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8744588 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$42940319 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Business Services – 1.3% | Business Services – 1.3% | Business Services – 1.3% |
| Equinix, Inc., 1.8%, 7/15/2027 | $&nbsp;&nbsp;9219000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8073386 |
| Equinix, Inc., 2.15%, 7/15/2030 | 21402000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17778290 |
| Fiserv, Inc., 3.5%, 7/01/2029 | 17324000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16134815 |
| Global Payments, Inc., 2.9%, 5/15/2030 | 23523000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20188490 |
| Global Payments, Inc., 2.9%, 11/15/2031 | &nbsp;&nbsp;6885000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5735937 |
| Iron Mountain, Inc., 4.5%, 2/15/2031 (n) | 27150000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23264564 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$91175482 |
| Cable TV – 1.7% | Cable TV – 1.7% | Cable TV – 1.7% |
| CCO Holdings LLC/CCO Holdings Capital Corp., 4.5%, 8/15/2030 (n) | $17665000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15094036 |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 4.908%, 7/23/2025 | 10635000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10580338 |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 6.384%, 10/23/2035 | &nbsp;&nbsp;6428000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6574086 |
| Charter Communications Operating LLC/Charter Communications Operating Capital Corp., 5.25%, 4/01/2053 | 35959000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30197865 |
| CSC Holdings LLC, 4.125%, 12/01/2030 (n) | 17470000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12915047 |
| CSC Holdings LLC, 4.5%, 11/15/2031 (n) | 16620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12240298 |
| Sirius XM Radio, Inc., 5.5%, 7/01/2029 (n) | &nbsp;&nbsp;8250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7731487 |
| Sirius XM Radio, Inc., 4.125%, 7/01/2030 (n) | 15640000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13413333 |
| Time Warner Cable, Inc., 4.5%, 9/15/2042 | &nbsp;&nbsp;9503000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7558247 |
| Time Warner Entertainment Co. LP, 8.375%, 7/15/2033 | &nbsp;&nbsp;4688000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5495141 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$121799878 |
| Chemicals – 0.2% | Chemicals – 0.2% | Chemicals – 0.2% |
| Axalta Coating Systems Ltd., 3.375%, 2/15/2029 (n) | $19805000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17032300 |
| Computer Software – 0.5% | Computer Software – 0.5% | Computer Software – 0.5% |
| Dell International LLC/EMC Corp., 5.3%, 10/01/2029 | $26757000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$27011168 |
| Oracle Corp., 6.15%, 11/09/2029 | &nbsp;&nbsp;7911000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8455705 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$35466873 |
| Computer Software - Systems – 0.3% | Computer Software - Systems – 0.3% | Computer Software - Systems – 0.3% |
| SS&C Technologies Holdings, Inc., 5.5%, 9/30/2027 (n) | $24371000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$23438668 |
| Conglomerates – 1.2% | Conglomerates – 1.2% | Conglomerates – 1.2% |
| BWX Technologies, Inc., 4.125%, 6/30/2028 (n) | $&nbsp;&nbsp;9016000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8136992 |
| Carrier Global Corp., 3.577%, 4/05/2050 | 16540000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12878712 |
| Regal Rexnord Corp., 6.05%, 4/15/2028 (n) | &nbsp;&nbsp;6853000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6957272 |
| Regal Rexnord Corp., 6.3%, 2/15/2030 (n) | 20904000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21315035 |
| Regal Rexnord Corp., 6.4%, 4/15/2033 (n) | 16170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16579515 |
| Westinghouse Air Brake Technologies Corp., 4.95%, 9/15/2028 | 21336000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21193814 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$87061340 |
| Consumer Products – 0.3% | Consumer Products – 0.3% | Consumer Products – 0.3% |
| GSK Consumer Healthcare Capital US LLC, 3.375%, 3/24/2029 | $&nbsp;&nbsp;6859000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6326754 |
| GSK Consumer Healthcare Capital US LLC, 3.625%, 3/24/2032 | 15416000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14112726 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20439480 |
| Consumer Services – 0.7% | Consumer Services – 0.7% | Consumer Services – 0.7% |
| Match Group Holdings II LLC, 3.625%, 10/01/2031 (n) | $20902000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16773855 |
| Meituan, 3.05%, 10/28/2030 | 10995000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8947640 |
| Toll Road Investors Partnership II LP, Capital Appreciation, NPFG, 0%, 2/15/2026 (n) | &nbsp;&nbsp;5237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4232480 |
| Toll Road Investors Partnership II LP, Capital Appreciation, NPFG, 0%, 2/15/2029 (n) | 15190000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9923467 |
| Toll Road Investors Partnership II LP, Capital Appreciation, NPFG, 0%, 2/15/2031 (n) | &nbsp;&nbsp;5237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2971122 |
| Toll Road Investors Partnership II LP, Capital Appreciation, NPFG, 0%, 2/15/2043 (n) | 17518127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4862629 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$47711193 |
| Containers – 0.1% | Containers – 0.1% | Containers – 0.1% |
| Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 2/01/2026 | $&nbsp;&nbsp;8718000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8516963 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Electrical Equipment – 0.2% | Electrical Equipment – 0.2% | Electrical Equipment – 0.2% |
| Arrow Electronics, Inc., 2.95%, 2/15/2032 | $21913000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18176661 |
| Electronics – 0.7% | Electronics – 0.7% | Electronics – 0.7% |
| Broadcom, Inc., 4.15%, 11/15/2030 | $&nbsp;&nbsp;8877000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8280753 |
| Broadcom, Inc., 3.469%, 4/15/2034 (n) | 14353000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11900467 |
| Broadcom, Inc., 3.137%, 11/15/2035 (n) | 12875000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9995587 |
| Broadcom, Inc., 3.187%, 11/15/2036 (n) | 12521000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9574137 |
| Broadcom, Inc., 4.926%, 5/15/2037 (n) | 12031000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11042810 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$50793754 |
| Emerging Market Quasi-Sovereign – 0.1% | Emerging Market Quasi-Sovereign – 0.1% | Emerging Market Quasi-Sovereign – 0.1% |
| Indian Railway Finance Corp., 2.8%, 2/10/2031 (n) | $&nbsp;&nbsp;5243000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4357248 |
| Energy - Independent – 0.9% | Energy - Independent – 0.9% | Energy - Independent – 0.9% |
| Energean Israel Finance Ltd., 4.875%, 3/30/2026 | $16253000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15176239 |
| EQT Corp., 3.9%, 10/01/2027 | 10583000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10039880 |
| EQT Corp., 5%, 1/15/2029 | &nbsp;&nbsp;5901000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5720252 |
| EQT Corp., 3.625%, 5/15/2031 (n) | &nbsp;&nbsp;6884000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6025428 |
| Leviathan Bond Ltd., 6.5%, 6/30/2027 (n) | &nbsp;&nbsp;9070000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8922612 |
| Leviathan Bond Ltd., 6.75%, 6/30/2030 (n) | 11033000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10714632 |
| Tengizchevroil Finance Co. International Ltd., 3.25%, 8/15/2030 | 13596000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10350907 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$66949950 |
| Energy - Integrated – 0.4% | Energy - Integrated – 0.4% | Energy - Integrated – 0.4% |
| Eni S.p.A., 4%, 9/12/2023 (n) | $13354000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13259192 |
| Eni S.p.A., 4.25%, 5/09/2029 (n) | 13598000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12920157 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$26179349 |
| Financial Institutions – 2.0% | Financial Institutions – 2.0% | Financial Institutions – 2.0% |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 4.5%, 9/15/2023 | $18880000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$18775958 |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 6.5%, 7/15/2025 | 12700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12932413 |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3%, 10/29/2028 | 10175000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8969688 |
| AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.3%, 1/30/2032 | 12067000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10131563 |
| Air Lease Corp., 5.85%, 12/15/2027 | 13999000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14287278 |
| Avolon Holdings Funding Ltd., 5.25%, 5/15/2024 (n) | 15117000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14935300 |
| Avolon Holdings Funding Ltd., 3.95%, 7/01/2024 (n) | 12497000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12109762 |
| Avolon Holdings Funding Ltd., 2.125%, 2/21/2026 (n) | 12112000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10834862 |
| Avolon Holdings Funding Ltd., 4.25%, 4/15/2026 (n) | &nbsp;&nbsp;7451000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7075759 |
| Avolon Holdings Funding Ltd., 3.25%, 2/15/2027 (n) | &nbsp;&nbsp;7098000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6406176 |
| Avolon Holdings Funding Ltd., 2.528%, 11/18/2027 (n) | &nbsp;&nbsp;5071000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4376286 |
| Avolon Holdings Funding Ltd., 2.75%, 2/21/2028 (n) | 10959000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9441558 |
| Global Aircraft Leasing Co. Ltd., 6.5% (6.5% cash or 7.25% PIK), 9/15/2024 (n)(p) | 14582455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13307712 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$143584315 |
| Food & Beverages – 0.7% | Food & Beverages – 0.7% | Food & Beverages – 0.7% |
| Anheuser-Busch InBev Worldwide, Inc., 5.45%, 1/23/2039 | $&nbsp;&nbsp;7779000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8145908 |
| JBS USA Lux S.A./JBS USA Finance, Inc., 5.5%, 1/15/2030 (n) | 20690000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20105507 |
| PT Indofood CBP Sukses Makmur Tbk, 3.541%, 4/27/2032 | 22400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18760000 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$47011415 |
| Gaming & Lodging – 0.4% | Gaming & Lodging – 0.4% | Gaming & Lodging – 0.4% |
| Marriott International, Inc., 3.5%, 10/15/2032 | $12991000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$11478265 |
| Marriott International, Inc., 2.75%, 10/15/2033 | 18167000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14729662 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$26207927 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Insurance – 0.3% | Insurance – 0.3% | Insurance – 0.3% |
| Corebridge Financial, Inc., 3.9%, 4/05/2032 (n) | $15987000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14561582 |
| Corebridge Financial, Inc., 4.35%, 4/05/2042 (n) | &nbsp;&nbsp;1846000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1601889 |
| Corebridge Financial, Inc., 4.4%, 4/05/2052 (n) | &nbsp;&nbsp;5568000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4767966 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20931437 |
| Insurance - Health – 0.3% | Insurance - Health – 0.3% | Insurance - Health – 0.3% |
| Humana, Inc., 5.875%, 3/01/2033 | $21051000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$22528333 |
| Insurance - Property & Casualty – 1.6% | Insurance - Property & Casualty – 1.6% | Insurance - Property & Casualty – 1.6% |
| Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/2025 | $13217000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12780850 |
| Ambac Assurance Corp., 5.1%, 6/07/2060 (n) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20157 |
| American International Group, Inc., 3.9%, 4/01/2026 | &nbsp;&nbsp;3649000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3574401 |
| Aon Corp., 3.75%, 5/02/2029 | 23260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22087466 |
| Aon Corp./Aon Global Holdings PLC, 2.6%, 12/02/2031 | &nbsp;&nbsp;2778000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2355363 |
| Brown & Brown, Inc., 4.2%, 3/17/2032 | 15616000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14280590 |
| Brown & Brown, Inc., 4.95%, 3/17/2052 | 18116000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16335964 |
| Fairfax Financial Holdings Ltd., 4.85%, 4/17/2028 | 15409000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14966797 |
| Fairfax Financial Holdings Ltd., 3.375%, 3/03/2031 | &nbsp;&nbsp;7257000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6171469 |
| Fairfax Financial Holdings Ltd., 5.625%, 8/16/2032 (n) | 16523000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16082576 |
| Liberty Mutual Group, Inc., 3.951%, 10/15/2050 (n) | 11271000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8744811 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$117400444 |
| International Market Quasi-Sovereign – 0.1% | International Market Quasi-Sovereign – 0.1% | International Market Quasi-Sovereign – 0.1% |
| Electricite de France S.A., 4.875%, 9/21/2038 (n) | $&nbsp;&nbsp;6911000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6099932 |
| Machinery & Tools – 0.2% | Machinery & Tools – 0.2% | Machinery & Tools – 0.2% |
| Ashtead Capital, Inc., 5.55%, 5/30/2033 (n) | $&nbsp;&nbsp;9060000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9093443 |
| CNH Industrial Capital LLC, 4.2%, 1/15/2024 | &nbsp;&nbsp;3387000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3356890 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12450333 |
| Major Banks – 7.7% | Major Banks – 7.7% | Major Banks – 7.7% |
| Bank of America Corp., 3.419% to 12/20/2027, FLR (LIBOR - 3mo. + 1.04%) to 12/20/2028 | $&nbsp;&nbsp;7070000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$6612462 |
| Bank of America Corp., 3.97% to 3/05/2028, FLR (LIBOR - 3mo. + 1.07%) to 3/05/2029 | &nbsp;&nbsp;8931000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8524567 |
| Bank of America Corp., 2.496% to 2/13/2030, FLR (LIBOR - 3mo. + 0.99%) to 2/13/2031 | 39891000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33932296 |
| Bank of America Corp., 2.572% to 10/20/2031, FLR (SOFR + 1.21%) to 10/20/2032 | 45881000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37936564 |
| Bank of America Corp., 6.5% to 10/23/2024, FLR (LIBOR - 3mo. + 4.174%) to 10/23/2049 | &nbsp;&nbsp;4140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4160543 |
| Bank of America Corp., 6.1% to 3/17/2025, FLR (LIBOR - 3mo. + 3.898%) to 12/29/2049 | 15392000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15398157 |
| Bank of America Corp., 5.875% to 3/15/2028, FLR (LIBOR - 3mo. + 2.931%) to 12/31/2059 | 13771000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13185732 |
| Barclays PLC, 4.375%, 1/12/2026 | &nbsp;&nbsp;4820000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4722700 |
| Barclays PLC, 4.972% to 5/16/2028, FLR (LIBOR - 3mo. + 1.902%) to 5/16/2029 | &nbsp;&nbsp;7802000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7610571 |
| Barclays PLC, 2.894% to 11/24/2031, FLR (CMT - 1yr. + 1.3%) to 11/24/2032 | 16966000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13850356 |
| Deutsche Bank AG, 2.311% to 11/16/2026, FLR (SOFR - 1 day + 1.219%) to 11/16/2027 | 23182000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20488740 |
| Deutsche Bank AG, 6.72% to 1/18/2028, FLR (SOFR - 1 day + 3.18%) to 1/18/2029 | 24629000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25915477 |
| Goldman Sachs Group, Inc., 2.6%, 2/07/2030 | 15968000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13888310 |
| Goldman Sachs Group, Inc., 2.65% to 10/21/2031, FLR (SOFR - 1 day + 1.264%) to 10/21/2032 | 26935000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22218527 |
| HSBC Holdings PLC, 4.7% to 9/09/2031, FLR (CMT - 1yr. + 3.25%) to 9/09/2169 | 25500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21617625 |
| HSBC Holdings PLC, 4% to 9/09/2026, FLR (CMT - 1yr. + 3.222%) to 9/09/2170 | 10111000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9064511 |
| JPMorgan Chase & Co., 3.509%, 1/23/2029 | 18395000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17236622 |
| JPMorgan Chase & Co., 4.005%, 4/23/2029 | 28117000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26957594 |
| JPMorgan Chase & Co., 4.203% to 7/23/2028, FLR (LIBOR - 3mo. + 1.26%) to 7/23/2029 | &nbsp;&nbsp;9246000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8921238 |
| JPMorgan Chase & Co., 2.739% to 10/15/2029, FLR (SOFR - 1 day + 1.51%) to 10/15/2030 | 16953000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14817135 |
| JPMorgan Chase & Co., 2.956% to 5/13/2030, FLR (SOFR - 1 day + 2.515%) to 5/13/2031 | &nbsp;&nbsp;7484000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6492757 |
| JPMorgan Chase & Co., 2.545% to 11/08/2031, FLR (SOFR - 1 day + 1.18%) to 11/08/2032 | 29061000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24123515 |
| Lloyds Bank PLC, 3.75%, 1/11/2027 | &nbsp;&nbsp;3975000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3786160 |
| Mitsubishi UFJ Financial Group, Inc., 2.048%, 7/17/2030 | 31223000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25624187 |
| Morgan Stanley, 3.125%, 7/27/2026 | 12844000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12173000 |
| Morgan Stanley, 2.699% to 1/22/2030, FLR (SOFR - 1 day + 1.143%) to 1/22/2031 | &nbsp;&nbsp;7037000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6106524 |
| Morgan Stanley, 2.511% to 10/20/2031, FLR (SOFR - 1 day + 1.2%) to 10/20/2032 | 19284000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15925826 |
| Sumitomo Mitsui Financial Group, Inc., 2.13%, 7/08/2030 | 38002000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31414083 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Major Banks – continued | Major Banks – continued | Major Banks – continued |
| Sumitomo Mitsui Trust Bank Ltd., 0.85%, 3/25/2024 (n) | $&nbsp;&nbsp;6036000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5748428 |
| UBS Group AG, 4.375% to 2/10/2031, FLR (CMT - 1yr. + 3.313%) to 8/10/2171 (n) | 30010000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24605199 |
| UBS Group Funding (Jersey) Ltd., 4.125%, 9/24/2025 (n) | &nbsp;&nbsp;6610000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6474479 |
| UBS Group Funding (Switzerland) AG, 4.253%, 3/23/2028 (n) | 10491000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10101647 |
| Wells Fargo & Co., 2.572% to 2/11/2030, FLR (LIBOR - 3mo. +1%) to 2/11/2031 | 45462000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39178314 |
| Westpac Banking Corp., 2.894% to 2/04/2025, FLR (CMT - 5yr. + 1.35%) to 2/04/2030 | 18137000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16928301 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$555742147 |
| Medical & Health Technology & Services – 2.1% | Medical & Health Technology & Services – 2.1% | Medical & Health Technology & Services – 2.1% |
| Adventist Health System/West, 5.43%, 3/01/2032 | $21168000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$21626836 |
| Alcon Finance Corp., 2.6%, 5/27/2030 (n) | &nbsp;&nbsp;4431000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3874662 |
| Alcon Finance Corp., 5.375%, 12/06/2032 (n) | &nbsp;&nbsp;6013000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6292281 |
| Alcon, Inc., 2.75%, 9/23/2026 (n) | &nbsp;&nbsp;4432000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4119630 |
| Alcon, Inc., 3%, 9/23/2029 (n) | 11067000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9886382 |
| DaVita, Inc., 4.625%, 6/01/2030 (n) | 15220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12822850 |
| HCA, Inc., 5.25%, 6/15/2026 | &nbsp;&nbsp;6743000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6750895 |
| HCA, Inc., 4.125%, 6/15/2029 | 14251000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13545917 |
| HCA, Inc., 4.375%, 3/15/2042 (n) | 14385000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12235993 |
| HCA, Inc., 4.625%, 3/15/2052 (n) | &nbsp;&nbsp;9681000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8165656 |
| Northwell Healthcare, Inc., 3.979%, 11/01/2046 | &nbsp;&nbsp;3110000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2510589 |
| Northwell Healthcare, Inc., 4.26%, 11/01/2047 | &nbsp;&nbsp;9132000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7825433 |
| ProMedica Toledo Hospital, "B", 5.325%, 11/15/2028 | 23983000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19566658 |
| ProMedica Toledo Hospital, "B", AGM, 5.75%, 11/15/2038 | &nbsp;&nbsp;9026000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9086037 |
| Tower Health, 4.451%, 2/01/2050 | 22087000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10312641 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$148622460 |
| Metals & Mining – 1.4% | Metals & Mining – 1.4% | Metals & Mining – 1.4% |
| Anglo American Capital PLC, 2.25%, 3/17/2028 (n) | $10712000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$9370968 |
| Anglo American Capital PLC, 3.875%, 3/16/2029 (n) | 16098000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14992963 |
| Anglo American Capital PLC, 2.875%, 3/17/2031 (n) | 12521000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10754457 |
| Anglo American Capital PLC, 4.75%, 3/16/2052 (n) | 20205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18317118 |
| FMG Resources Ltd., 4.375%, 4/01/2031 (n) | 13770000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12117600 |
| Glencore Funding LLC, 4.125%, 5/30/2023 (n) | &nbsp;&nbsp;5720000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5701104 |
| Glencore Funding LLC, 2.85%, 4/27/2031 (n) | 17296000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14813304 |
| Novelis Corp., 3.25%, 11/15/2026 (n) | &nbsp;&nbsp;3169000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2868959 |
| Novelis Corp., 3.875%, 8/15/2031 (n) | 11091000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9360804 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$98297277 |
| Midstream – 3.0% | Midstream – 3.0% | Midstream – 3.0% |
| Cheniere Corpus Christi Holdings LLC, 2.742%, 12/31/2039 | $16500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13523081 |
| Cheniere Energy Partners LP, 4.5%, 10/01/2029 | 13412000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12582065 |
| Enbridge, Inc., 4.25%, 12/01/2026 | &nbsp;&nbsp;9961000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9755841 |
| Energy Transfer LP, 5.55%, 2/15/2028 | &nbsp;&nbsp;5763000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5856533 |
| Energy Transfer LP, 5.75%, 2/15/2033 | 17623000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18111157 |
| Kinder Morgan (Delaware), Inc., 7.75%, 1/15/2032 | &nbsp;&nbsp;7347000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8537136 |
| Kinder Morgan Energy Partners LP, 6.375%, 3/01/2041 | &nbsp;&nbsp;6112000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6459139 |
| Kinder Morgan Energy Partners LP, 5.4%, 9/01/2044 | &nbsp;&nbsp;7661000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7314819 |
| MPLX LP, 4.95%, 3/14/2052 | 32980000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29229857 |
| ONEOK, Inc., 5.2%, 7/15/2048 | 13639000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12333180 |
| Plains All American Pipeline LP/PAA Finance Corp., 3.55%, 12/15/2029 | 33187000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29848247 |
| Sabine Pass Liquefaction LLC, 4.2%, 3/15/2028 | &nbsp;&nbsp;5255000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5092862 |
| Sabine Pass Liquefaction LLC, 4.5%, 5/15/2030 | &nbsp;&nbsp;5465000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5304843 |
| Targa Resources Corp., 4.2%, 2/01/2033 | &nbsp;&nbsp;4099000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3714720 |
| Targa Resources Corp., 6.125%, 3/15/2033 | 18189000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18974182 |
| Targa Resources Corp., 4.95%, 4/15/2052 | &nbsp;&nbsp;6758000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5786495 |
| Venture Global Calcasieu Pass LLC , 6.25%, 1/15/2030 (n) | 19620000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19988464 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$212412621 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Mortgage-Backed – 21.6% | Mortgage-Backed – 21.6% |  |
| Fannie Mae, 2.41%, 5/01/2023 | $&nbsp;&nbsp;&nbsp;&nbsp;2209211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2187935 |
| Fannie Mae, 5%, 3/01/2024 - 3/01/2042 | &nbsp;&nbsp;&nbsp;&nbsp;4838079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4969084 |
| Fannie Mae, 5.25%, 8/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785554 |
| Fannie Mae, 4.5%, 5/01/2025 - 6/01/2044 | &nbsp;&nbsp;22358807 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22661179 |
| Fannie Mae, 2.555%, 12/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp;8258237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7738095 |
| Fannie Mae, 3.95%, 1/01/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584049 |
| Fannie Mae, 3.5%, 1/01/2028 - 12/01/2047 | &nbsp;&nbsp;31068551 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29904589 |
| Fannie Mae, 3%, 11/01/2028 - 11/01/2048 | &nbsp;&nbsp;28840063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26939229 |
| Fannie Mae, 2.5%, 11/01/2031 - 11/01/2046 | &nbsp;&nbsp;&nbsp;&nbsp;2721408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2439968 |
| Fannie Mae, 6.5%, 11/01/2031 - 1/01/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49853 |
| Fannie Mae, 3%, 2/25/2033 (i) | &nbsp;&nbsp;&nbsp;&nbsp;1287713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116934 |
| Fannie Mae, 5.5%, 3/01/2033 - 12/01/2038 | &nbsp;&nbsp;&nbsp;&nbsp;4555053 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4758904 |
| Fannie Mae, 6%, 5/01/2034 - 10/01/2038 | &nbsp;&nbsp;&nbsp;&nbsp;1969945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2064127 |
| Fannie Mae, 3.25%, 5/25/2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;408814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;387143 |
| Fannie Mae, 4%, 9/01/2040 - 12/01/2048 | &nbsp;&nbsp;38204288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37669155 |
| Fannie Mae, 2%, 10/25/2040 - 4/25/2046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;798085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;734669 |
| Fannie Mae, 4%, 7/25/2046 (i) | &nbsp;&nbsp;&nbsp;&nbsp;1329043 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251525 |
| Fannie Mae, UMBS, 3%, 8/01/2036 - 10/01/2052 | &nbsp;&nbsp;56364279 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51554055 |
| Fannie Mae, UMBS, 2%, 10/01/2036 - 7/01/2052 | 148137474 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128589073 |
| Fannie Mae, UMBS, 2.5%, 5/01/2037 - 11/01/2052 | 226690720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200641705 |
| Fannie Mae, UMBS, 1.5%, 9/01/2041 - 2/01/2042 | &nbsp;&nbsp;&nbsp;&nbsp;1054383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;876510 |
| Fannie Mae, UMBS, 5.5%, 5/01/2044 - 12/01/2052 | &nbsp;&nbsp;&nbsp;&nbsp;8890657 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9101018 |
| Fannie Mae, UMBS, 3.5%, 5/01/2049 - 5/01/2052 | &nbsp;&nbsp;&nbsp;&nbsp;6551458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6217486 |
| Fannie Mae, UMBS, 4.5%, 9/01/2052 | &nbsp;&nbsp;&nbsp;&nbsp;3745862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3711772 |
| Fannie Mae, UMBS, 6%, 11/01/2052 - 12/01/2052 | &nbsp;&nbsp;14807836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15211773 |
| Freddie Mac, 3.32%, 2/25/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399390 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398013 |
| Freddie Mac, 3.25%, 4/25/2023 - 11/25/2061 | &nbsp;&nbsp;&nbsp;&nbsp;7645971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7284295 |
| Freddie Mac, 3.06%, 7/25/2023 | &nbsp;&nbsp;&nbsp;&nbsp;1328995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1317056 |
| Freddie Mac, 3.531%, 7/25/2023 | &nbsp;&nbsp;&nbsp;&nbsp;2797478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2774879 |
| Freddie Mac, 3.458%, 8/25/2023 | &nbsp;&nbsp;&nbsp;&nbsp;8724325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8648772 |
| Freddie Mac, 2.67%, 12/25/2024 | &nbsp;&nbsp;&nbsp;&nbsp;4982063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4814684 |
| Freddie Mac, 2.811%, 1/25/2025 | &nbsp;&nbsp;&nbsp;&nbsp;6409123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6203104 |
| Freddie Mac, 3.329%, 5/25/2025 | &nbsp;&nbsp;&nbsp;&nbsp;8738328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8526922 |
| Freddie Mac, 4%, 7/01/2025 - 4/01/2044 | &nbsp;&nbsp;&nbsp;&nbsp;4473625 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4424815 |
| Freddie Mac, 4.5%, 7/01/2025 - 5/01/2042 | &nbsp;&nbsp;&nbsp;&nbsp;5460558 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5550239 |
| Freddie Mac, 3.3%, 10/25/2026 | &nbsp;&nbsp;&nbsp;&nbsp;4957000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4815383 |
| Freddie Mac, 3.117%, 6/25/2027 | &nbsp;&nbsp;17177017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16566560 |
| Freddie Mac, 3%, 6/15/2028 - 2/25/2059 | &nbsp;&nbsp;27346383 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25560274 |
| Freddie Mac, 4.06%, 10/25/2028 | &nbsp;&nbsp;&nbsp;&nbsp;5001000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4991916 |
| Freddie Mac, 1.091%, 7/25/2029 (i) | &nbsp;&nbsp;12670825 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;721415 |
| Freddie Mac, 1.144%, 8/25/2029 (i) | &nbsp;&nbsp;22309831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1332874 |
| Freddie Mac, 1.868%, 4/25/2030 (i) | &nbsp;&nbsp;&nbsp;&nbsp;6415004 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692238 |
| Freddie Mac, 5.5%, 8/01/2033 - 1/01/2038 | &nbsp;&nbsp;&nbsp;&nbsp;1055000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1101261 |
| Freddie Mac, 6%, 11/01/2033 - 7/01/2038 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;585707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606663 |
| Freddie Mac, 5%, 11/01/2035 - 7/01/2041 | &nbsp;&nbsp;&nbsp;&nbsp;2274679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2340695 |
| Freddie Mac, 5.5%, 2/15/2036 (i) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40724 |
| Freddie Mac, 3.5%, 11/01/2037 - 10/25/2058 | &nbsp;&nbsp;20191298 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19375154 |
| Freddie Mac, 4.5%, 12/15/2040 (i) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17393 |
| Freddie Mac, 4%, 8/15/2044 (i) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;269779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30606 |
| Freddie Mac, UMBS, 3%, 11/01/2034 - 10/01/2052 | &nbsp;&nbsp;42667273 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39038533 |
| Freddie Mac, UMBS, 2%, 1/01/2037 - 10/01/2052 | 281665100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240019441 |
| Freddie Mac, UMBS, 2.5%, 4/01/2037 - 1/01/2053 | &nbsp;&nbsp;87236735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77519632 |
| Freddie Mac, UMBS, 3.5%, 12/01/2046 - 9/01/2052 | &nbsp;&nbsp;52732454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49552104 |
| Freddie Mac, UMBS, 5%, 8/01/2052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;509067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511950 |
| Freddie Mac, UMBS, 4.5%, 9/01/2052 | &nbsp;&nbsp;&nbsp;&nbsp;4895815 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4835536 |
| Freddie Mac, UMBS, 5.5%, 11/01/2052 - 12/01/2052 | &nbsp;&nbsp;13121789 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13336728 |
| Ginnie Mae, 5.5%, 11/15/2032 - 1/20/2053 | &nbsp;&nbsp;15297127 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15576449 |
| Ginnie Mae, 6%, 2/15/2034 - 2/21/2053 | &nbsp;&nbsp;&nbsp;&nbsp;5216022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5358049 |
| Ginnie Mae, 4.5%, 4/15/2039 - 12/20/2052 | &nbsp;&nbsp;69993258 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69654124 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Mortgage-Backed – continued | Mortgage-Backed – continued |  |
| Ginnie Mae, 4%, 10/20/2040 - 10/20/2052 | $43468241 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$42253473 |
| Ginnie Mae, 3.5%, 11/15/2040 - 11/20/2052 | 57295022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54389819 |
| Ginnie Mae, 3%, 11/20/2044 - 11/20/2052 | 72154908 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66638054 |
| Ginnie Mae, 2.5%, 8/20/2051 - 6/20/2052 | 58694176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52358593 |
| Ginnie Mae, 2%, 1/20/2052 - 3/20/2052 | 18764819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16222482 |
| Ginnie Mae, 5%, 8/20/2052 - 11/20/2052 | 64140280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64601401 |
| UMBS, TBA, 3%, 2/25/2038 | 13775000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13212281 |
| UMBS, TBA, 5.5%, 2/13/2053 | 10775000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10949252 |
| UMBS, TBA, 5%, 4/13/2053 | 21475000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21527009 |
|  |  | &nbsp;&nbsp;$1545836229 |
| Municipals – 1.8% | Municipals – 1.8% | Municipals – 1.8% |
| Bridgeview, IL, Stadium and Redevelopment Projects, Taxable, AAC, 5.06%, 12/01/2025 | $&nbsp;&nbsp;1655000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1607081 |
| Bridgeview, IL, Stadium and Redevelopment Projects, Taxable, AAC, 5.14%, 12/01/2036 | 24325000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22214201 |
| Escambia County, FL, Health Facilities Authority Rev., Taxable (Baptist Health Care Corp.), "B", AGM, 3.607%, 8/15/2040 | &nbsp;&nbsp;4565000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3666942 |
| New Jersey Economic Development Authority State Pension Funding Rev., Capital Appreciation, Taxable, "B", AGM, 0%, 2/15/2023 | 29043000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28991652 |
| New Jersey Economic Development Authority State Pension Funding Rev., Taxable, "A", NPFG, 7.425%, 2/15/2029 | 25254000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27748701 |
| Oklahoma Development Finance Authority, Health System Rev., Taxable (OU Medicine Project), "C", 5.45%, 8/15/2028 | &nbsp;&nbsp;9717000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7954739 |
| Philadelphia, PA, School District, Taxable, "B", AGM, 6.615%, 6/01/2030 | &nbsp;&nbsp;6320000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6880075 |
| Philadelphia, PA, School District, Taxable, "B", AGM, 6.765%, 6/01/2040 | &nbsp;&nbsp;4260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4941080 |
| State of Florida, Taxable, "A", 2.154%, 7/01/2030 | 29316000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24587977 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$128592448 |
| Natural Gas - Distribution – 0.6% | Natural Gas - Distribution – 0.6% | Natural Gas - Distribution – 0.6% |
| Boston Gas Co., 3.15%, 8/01/2027 (n) | $18261000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$16845000 |
| KeySpan Gas East Corp., 2.742%, 8/15/2026 (n) | 13855000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12600157 |
| NiSource, Inc., 3.6%, 5/01/2030 | 16331000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15103648 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$44548805 |
| Network & Telecom – 0.7% | Network & Telecom – 0.7% | Network & Telecom – 0.7% |
| AT&T, Inc., 3.5%, 9/15/2053 | $&nbsp;&nbsp;7351000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5424638 |
| AT&T, Inc., 3.55%, 9/15/2055 | 19066000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13950257 |
| Verizon Communications, Inc., 2.55%, 3/21/2031 | 26553000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22664219 |
| Verizon Communications, Inc., 4.272%, 1/15/2036 | &nbsp;&nbsp;9727000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9107717 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$51146831 |
| Oils – 0.2% | Oils – 0.2% | Oils – 0.2% |
| Marathon Petroleum Corp., 4.75%, 9/15/2044 | $&nbsp;&nbsp;9202000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$8256648 |
| Marathon Petroleum Corp., 5.85%, 12/15/2045 | &nbsp;&nbsp;4349000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4211347 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12467995 |
| Other Banks & Diversified Financials – 2.0% | Other Banks & Diversified Financials – 2.0% | Other Banks & Diversified Financials – 2.0% |
| Bangkok Bank (Hong Kong), 3.733% to 9/25/2029, FLR (CMT - 5yr. + 1.9%) to 9/25/2034 (n) | $17102000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$15022738 |
| Citigroup, Inc., 2.666% to 1/29/2030, FLR (SOFR - 1 day + 1.146%) to 1/29/2031 | 21877000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18829643 |
| Discover Financial Services, 6.7%, 11/29/2032 | 34164000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36469490 |
| Groupe BPCE S.A., 4.5%, 3/15/2025 (n) | &nbsp;&nbsp;7743000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7539164 |
| Macquarie Bank Ltd. of London, 6.125% to 3/08/2027, FLR (Swap Rate - 5yr. + 4.332%) to 12/31/2165 (n) | 14673000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13506889 |
| Macquarie Group Ltd., 4.442% to 6/21/2032, FLR (SOFR - 1 day + 2.405%) to 6/21/2033 (n) | 57968000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52801864 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$144169788 |
| Pharmaceuticals – 0.5% | Pharmaceuticals – 0.5% | Pharmaceuticals – 0.5% |
| Jazz Securities DAC, 4.375%, 1/15/2029 (n) | $23655000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$21581403 |
| Organon Finance 1 LLC, 4.125%, 4/30/2028 (n) | 16685000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15090748 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$36672151 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| Real Estate - Office – 0.6% | Real Estate - Office – 0.6% | Real Estate - Office – 0.6% |
| Boston Properties Ltd. LP, REIT, 2.55%, 4/01/2032 | $29885000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$23589408 |
| Boston Properties Ltd. LP, REIT, 2.45%, 10/01/2033 | 27176000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20711295 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$44300703 |
| Specialty Stores – 0.4% | Specialty Stores – 0.4% | Specialty Stores – 0.4% |
| DICK'S Sporting Goods, 3.15%, 1/15/2032 | $17293000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$14149480 |
| Penske Automotive Group Co., 3.75%, 6/15/2029 | 21146000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17881717 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$32031197 |
| Telecommunications - Wireless – 1.4% | Telecommunications - Wireless – 1.4% | Telecommunications - Wireless – 1.4% |
| American Tower Corp., REIT, 3.55%, 7/15/2027 | $&nbsp;&nbsp;3247000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$3066538 |
| Crown Castle International Corp., REIT, 4%, 3/01/2027 | &nbsp;&nbsp;1300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1260936 |
| Crown Castle, Inc., REIT, 3.7%, 6/15/2026 | &nbsp;&nbsp;3555000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3429809 |
| Crown Castle, Inc., REIT, 3.8%, 2/15/2028 | &nbsp;&nbsp;4492000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4286616 |
| Crown Castle, Inc., REIT, 3.25%, 1/15/2051 | &nbsp;&nbsp;1841000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1316688 |
| Rogers Communications, Inc., 4.5%, 3/15/2042 (n) | 27147000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23615731 |
| Rogers Communications, Inc., 4.55%, 3/15/2052 (n) | 27147000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22819229 |
| SBA Communications Corp., 3.125%, 2/01/2029 | 17490000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14817222 |
| T-Mobile USA, Inc., 2.55%, 2/15/2031 | 28722000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24383367 |
| T-Mobile USA, Inc., 4.375%, 4/15/2040 | &nbsp;&nbsp;2343000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2120025 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;$101116161 |
| Tobacco – 1.1% | Tobacco – 1.1% | Tobacco – 1.1% |
| B.A.T. Capital Corp., 3.222%, 8/15/2024 | $12881000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$12529501 |
| B.A.T. Capital Corp., 4.906%, 4/02/2030 | &nbsp;&nbsp;2485000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2353813 |
| B.A.T. Capital Corp., 4.742%, 3/16/2032 | 26499000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24494707 |
| B.A.T. International Finance PLC, 4.448%, 3/16/2028 | 23935000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22908097 |
| Philip Morris International, Inc., 5.125%, 11/17/2027 | &nbsp;&nbsp;9958000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10177407 |
| Philip Morris International, Inc., 5.625%, 11/17/2029 | &nbsp;&nbsp;4291000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4481585 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$76945110 |
| Transportation - Services – 0.4% | Transportation - Services – 0.4% | Transportation - Services – 0.4% |
| Element Fleet Management Corp., 1.6%, 4/06/2024 (n) | $13697000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$13061862 |
| ERAC USA Finance LLC, 7%, 10/15/2037 (n) | 11601000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13491673 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$26553535 |
| U.S. Government Agencies and Equivalents – 0.2% | U.S. Government Agencies and Equivalents – 0.2% | U.S. Government Agencies and Equivalents – 0.2% |
| Small Business Administration, 4.35%, 7/01/2023 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$4782 |
| Small Business Administration, 4.98%, 11/01/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10799 |
| Small Business Administration, 4.89%, 12/01/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12904 |
| Small Business Administration, 4.93%, 1/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10234 |
| Small Business Administration, 4.34%, 3/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21728 |
| Small Business Administration, 5.18%, 5/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19428 |
| Small Business Administration, 5.52%, 6/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17922 |
| Small Business Administration, 5.19%, 7/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21441 |
| Small Business Administration, 4.86%, 10/01/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20987 |
| Small Business Administration, 4.57%, 6/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68447 |
| Small Business Administration, 4.76%, 9/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp;270460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;263563 |
| Small Business Administration, 5.39%, 12/01/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14478 |
| Small Business Administration, 5.35%, 2/01/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91083 |
| Small Business Administration, 3.25%, 11/01/2030 | &nbsp;&nbsp;&nbsp;&nbsp;654926 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;623026 |
| Small Business Administration, 2.85%, 9/01/2031 | &nbsp;&nbsp;1094809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1027961 |
| Small Business Administration, 2.37%, 8/01/2032 | &nbsp;&nbsp;&nbsp;&nbsp;663337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611931 |
| Small Business Administration, 2.13%, 1/01/2033 | &nbsp;&nbsp;1295723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1188400 |
| Small Business Administration, 2.21%, 2/01/2033 | &nbsp;&nbsp;&nbsp;&nbsp;328371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;302425 |
| Small Business Administration, 2.22%, 3/01/2033 | &nbsp;&nbsp;1201325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1104971 |
| Small Business Administration, 2.08%, 4/01/2033 | &nbsp;&nbsp;2206944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2026857 |
| Small Business Administration, 2.45%, 6/01/2033 | &nbsp;&nbsp;2404048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2224410 |
| Small Business Administration, 3.15%, 7/01/2033 | &nbsp;&nbsp;3043585 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2917398 |

---

------

Portfolio of Investments (unaudited) – continued

---

| | | |
|:---|:---|:---|
| **Issuer** | **Shares/Par** | &nbsp;&nbsp;&nbsp;**Value ($)** |
| Bonds – continued | Bonds – continued | Bonds – continued |
| U.S. Government Agencies and Equivalents – continued | U.S. Government Agencies and Equivalents – continued | U.S. Government Agencies and Equivalents – continued |
| Small Business Administration, 3.16%, 8/01/2033 | $&nbsp;&nbsp;&nbsp;&nbsp;3057329 | &nbsp;&nbsp;&nbsp;$2945137 |
| Small Business Administration, 3.62%, 9/01/2033 | &nbsp;&nbsp;&nbsp;&nbsp;1678591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1638635 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$17188947 |
| U.S. Treasury Obligations – 14.8% | U.S. Treasury Obligations – 14.8% | U.S. Treasury Obligations – 14.8% |
| U.S. Treasury Bonds, 1.125%, 8/15/2040 | $&nbsp;&nbsp;27300000 | &nbsp;&nbsp;&nbsp;$18113976 |
| U.S. Treasury Bonds, 1.375%, 11/15/2040 | &nbsp;&nbsp;74100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51276621 |
| U.S. Treasury Bonds, 1.75%, 8/15/2041 | &nbsp;&nbsp;67500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49174804 |
| U.S. Treasury Bonds, 2.375%, 2/15/2042 | &nbsp;&nbsp;61700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49914336 |
| U.S. Treasury Bonds, 2.875%, 5/15/2043 | &nbsp;&nbsp;58777000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51181910 |
| U.S. Treasury Bonds, 2.5%, 2/15/2045 (f) | &nbsp;&nbsp;29323000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23656559 |
| U.S. Treasury Bonds, 2.875%, 11/15/2046 | &nbsp;&nbsp;27653000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23806425 |
| U.S. Treasury Bonds, 3%, 2/15/2048 | &nbsp;&nbsp;19900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17525992 |
| U.S. Treasury Bonds, 2.375%, 11/15/2049 | &nbsp;&nbsp;34500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26833184 |
| U.S. Treasury Bonds, 1.625%, 11/15/2050 | &nbsp;&nbsp;67800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43852828 |
| U.S. Treasury Notes, 0.75%, 12/31/2023 (f) | 211500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;203948790 |
| U.S. Treasury Notes, 4.25%, 9/30/2024 | 396000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;395102815 |
| U.S. Treasury Notes, 0.875%, 6/30/2026 | 120000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108900000 |
|  |  | &nbsp;&nbsp;&nbsp;$1063288240 |
| Utilities - Electric Power – 2.1% | Utilities - Electric Power – 2.1% | Utilities - Electric Power – 2.1% |
| AEP Transmission Co. LLC, 4%, 12/01/2046 | $&nbsp;&nbsp;&nbsp;&nbsp;7457000 | &nbsp;&nbsp;&nbsp;$6315485 |
| American Electric Power Co., Inc., 5.95%, 11/01/2032 | &nbsp;&nbsp;13723000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14749028 |
| Calpine Corp., 3.75%, 3/01/2031 (n) | &nbsp;&nbsp;16125000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13442732 |
| Enel Finance International N.V., 3.5%, 4/06/2028 (n) | &nbsp;&nbsp;30284000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27727998 |
| Enel Finance International N.V., 7.5%, 10/14/2032 (n) | &nbsp;&nbsp;&nbsp;&nbsp;3444000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3878890 |
| Evergy, Inc., 2.9%, 9/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2667894 |
| FirstEnergy Corp., 2.65%, 3/01/2030 | &nbsp;&nbsp;15914000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13597558 |
| FirstEnergy Corp., 5.1%, 7/15/2047 | &nbsp;&nbsp;&nbsp;&nbsp;6821000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6292372 |
| FirstEnergy Corp., 3.4%, 3/01/2050 | &nbsp;&nbsp;&nbsp;&nbsp;9936000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7058634 |
| Jersey Central Power & Light Co., 2.75%, 3/01/2032 (n) | &nbsp;&nbsp;21954000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18579418 |
| Pacific Gas & Electric Co., 3%, 6/15/2028 | &nbsp;&nbsp;11170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9988057 |
| Pacific Gas & Electric Co., 3.3%, 8/01/2040 | &nbsp;&nbsp;34169000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24522906 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$148820972 |
| **Total Bonds** |  | &nbsp;&nbsp;**$7093486594** |
| Investment Companies (h) – 1.0% | Investment Companies (h) – 1.0% | Investment Companies (h) – 1.0% |
| Money Market Funds – 1.0% | Money Market Funds – 1.0% |  |
| MFS Institutional Money Market Portfolio, 4.29% (v) | &nbsp;&nbsp;70916431 | &nbsp;&nbsp;&nbsp;$70923522 |
| Other Assets, Less Liabilities – 0.1% |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7346330 |
| **Net Assets – 100.0%** | **Net Assets – 100.0%** | &nbsp;&nbsp;&nbsp;**$7171756446** |

---

(a) Non-income producing security.

(d) In default.

(f) All or a portion of the security has been segregated as collateral for open futures contracts.

(h) An affiliated issuer, which may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. At period end,
the aggregate values of the fund's investments in affiliated issuers and in unaffiliated issuers were $70,923,522 and $7,093,486,594, respectively.

(i) Interest only security for which the fund receives interest on notional principal (Par amount). Par amount shown is the notional principal and does not reflect the cost of the
security.

(n) Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be sold in the ordinary course of business in transactions exempt from
registration, normally to qualified institutional buyers. At period end, the aggregate value of these securities was $2,120,789,442, representing 29.6% of net assets.

(p) Payment-in-kind (PIK) security for which interest income may be received in additional securities and/or cash.

(q) Interest received was less than stated coupon rate.

(v) Affiliated issuer that is available only to investment companies managed by MFS. The rate quoted for the MFS Institutional Money Market Portfolio is the annualized
seven-day yield of the fund at period end.

------

Portfolio of Investments (unaudited) – continued

---

| | |
|:---|:---|
| The following abbreviations are used in this report and are defined: | The following abbreviations are used in this report and are defined: |
| AAC | Ambac Assurance Corp. |
| AGM | Assured Guaranty Municipal |
| CDO | Collateralized Debt Obligation |
| CLO | Collateralized Loan Obligation |
| CMT | Constant Maturity Treasury |
| FGIC | Financial Guaranty Insurance Co. |
| FLR | Floating Rate. Interest rate resets periodically based on the parenthetically disclosed reference rate plus a spread (if any). The period-end rate reported may not be the current rate. All reference rates are USD unless otherwise noted. |
| LIBOR | London Interbank Offered Rate |
| NPFG | National Public Finance Guarantee Corp. |
| REIT | Real Estate Investment Trust |
| SOFR | Secured Overnight Financing Rate |
| TBA | To Be Announced |
| UMBS | Uniform Mortgage-Backed Security |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** | **Derivative Contracts at 1/31/23** |
| **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** | **Futures Contracts** |
| **Description** | &nbsp;&nbsp;**Long/<br> Short** | &nbsp;&nbsp;**Currency** | &nbsp;&nbsp;**Contracts** | &nbsp;&nbsp;**Notional<br> Amount** | &nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;**Value/Unrealized<br> Appreciation<br> (Depreciation)** |
| **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** | **Asset Derivatives** |
| ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** |  |  |
| U.S. Treasury Note 2 yr | &nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;USD | &nbsp;&nbsp;2082 | &nbsp;&nbsp;$428160048 | &nbsp;&nbsp;March – 2023 | &nbsp;&nbsp;$1495625 |
| U.S. Treasury Note 5 yr | &nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;USD | &nbsp;&nbsp;3692 | &nbsp;&nbsp;403322158 | &nbsp;&nbsp;March – 2023 | &nbsp;&nbsp;&nbsp;&nbsp;4428831 |
| U.S. Treasury Ultra Bond | &nbsp;&nbsp;&nbsp;Long | &nbsp;&nbsp;USD | &nbsp;&nbsp;2392 | &nbsp;&nbsp;339066000 | &nbsp;&nbsp;March – 2023 | &nbsp;&nbsp;&nbsp;&nbsp;14468116 |
|  |  |  |  |  |  | &nbsp;&nbsp;$20392572 |
| **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** | **Liability Derivatives** |
| ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** | ***Interest Rate Futures*** |  |  |
| U.S. Treasury Ultra Note 10 yr | &nbsp;&nbsp;Short | &nbsp;&nbsp;USD | &nbsp;&nbsp;1466 | &nbsp;&nbsp;$177683781 | &nbsp;&nbsp;March – 2023 | &nbsp;&nbsp;$(1991627) |

---

At January 31, 2023, the fund had liquid securities with an aggregate value of $21,190,395 to cover any collateral or margin obligations for certain derivative contracts.

See attached supplemental information. For more information see notes to financial statements as disclosed in the most recent semiannual or annual report.

------

### Supplemental Information
1/31/23 (unaudited)

The fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies.

(1) Investment Valuations

Subject to its oversight, the fund's Board of Trustees has delegated primary responsibility for determining or causing to be determined the value of the fund's investments to MFS as the fund's adviser, pursuant to the fund's valuation policy and procedures which have been adopted by the adviser and approved by the Board. Effective September 8, 2022, and in accordance with Rule 2a-5 under the Investment Company Act of 1940, the Board of Trustees designated the adviser as the "valuation designee" of the fund. If the adviser, as valuation designee, determines that reliable market quotations are not readily available for an investment, the investment is valued at fair value as determined in good faith by the adviser in accordance with the adviser's fair valuation policy and procedures.

Under the fund's valuation policy and procedures, debt instruments and floating rate loans, including restricted debt instruments, are generally valued at an evaluated or composite bid as provided by a third-party pricing service. Short-term instruments with a maturity at issuance of 60 days or less may be valued at amortized cost, which approximates market value. Futures contracts are generally valued at last posted settlement price on their primary exchange as provided by a third-party pricing service. Futures contracts for which there were no trades that day for a particular position are generally valued at the closing bid quotation on their primary exchange as provided by a third-party pricing service. Open-end investment companies are generally valued at net asset value per share. The values of foreign securities and other assets and liabilities expressed in foreign currencies are converted to U.S. dollars using the mean of bid and asked prices for rates provided by a third-party pricing service.

Under the fund's valuation policy and procedures, market quotations are not considered to be readily available for debt instruments, floating rate loans, and many types of derivatives. These investments are generally valued at fair value based on information from third-party pricing services or otherwise determined by the adviser in accordance with the adviser's fair valuation policy and procedures. Securities and other assets generally valued on the basis of information from a third-party pricing service may also be valued at a broker/dealer bid quotation. In determining values, third-party pricing services can utilize both transaction data and market information such as yield, quality, coupon rate, maturity, type of issue, trading characteristics, spreads and other market data. An investment may also be valued at fair value if the adviser determines that the investment's value has been materially affected by events occurring after the close of the exchange or market on which the investment is principally traded (such as foreign exchange or market) and prior to the determination of the fund's net asset value, or after the halt of trading of a specific security where trading does not resume prior to the close of the exchange or market on which the security is principally traded. The adviser generally relies on third-party pricing services or other information (such as the correlation with price movements of similar securities in the same or other markets; the type, cost and investment characteristics of the security; the business and financial condition of the issuer; and trading and other market data) to assist in determining whether to fair value and at what value to fair value an investment. The value of an investment for purposes of calculating the fund's net asset value can differ depending on the source and method used to determine value. When fair valuation is used, the value of an investment used to determine the fund's net asset value may differ from quoted or published prices for the same investment. There can be no assurance that the fund could obtain the fair value assigned to an investment if it were to sell the investment at the same time at which the fund determines its net asset value per share.

Various inputs are used in determining the value of the fund's assets or liabilities. These inputs are categorized into three broad levels. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The fund's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities. Level 2 includes other significant observable market-based inputs (including quoted prices for similar securities, interest rates, prepayment speed, and credit risk).

------

Supplemental Information (unaudited) – continued

Level 3 includes significant unobservable inputs, which may include the adviser's own assumptions in determining the fair value of investments. Other financial instruments are derivative instruments, such as futures contracts. The following is a summary of the levels used as of January 31, 2023 in valuing the fund's assets and liabilities:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Financial Instruments** | &nbsp;&nbsp;&nbsp;**Level 1** | &nbsp;&nbsp;&nbsp;**Level 2** | &nbsp;&nbsp;&nbsp;**Level 3** | &nbsp;&nbsp;&nbsp;**Total** |
| U.S. Treasury Bonds & U.S. Government Agencies & Equivalents | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$1080477187 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$1080477187 |
| Non - U.S. Sovereign Debt | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10457180 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10457180 |
| Municipal Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128592448 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128592448 |
| U.S. Corporate Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;2152098314 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;2152098314 |
| Residential Mortgage-Backed Securities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1547467552 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;1547467552 |
| 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;&nbsp;&nbsp;522290503 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;522290503 |
| Asset-Backed Securities (including CDOs) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757688529 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;757688529 |
| Foreign Bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894414881 | &nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;894414881 |
| Mutual Funds | &nbsp;&nbsp;&nbsp;&nbsp;70923522 | &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;70923522 |
| Total | &nbsp;&nbsp;&nbsp;$70923522 | &nbsp;&nbsp;&nbsp;$7093486594 | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$7164410116 |
| **Other Financial Instruments** |  |  |  |  |
| Futures Contracts – Assets | &nbsp;&nbsp;&nbsp;$20392572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$20392572 |
| Futures Contracts – Liabilities | &nbsp;&nbsp;&nbsp;&nbsp;(1991627) | &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;(1991627) |

---

For further information regarding security characteristics, see the Portfolio of Investments.

(2) Investments in Affiliated Issuers

An affiliated issuer may be considered one in which the fund owns 5% or more of the outstanding voting securities, or a company which is under common control. For the purposes of this report, the following were affiliated issuers:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Affiliated Issuers** | &nbsp;&nbsp;**Beginning<br> Value** | &nbsp;&nbsp;**Purchases** | &nbsp;&nbsp;**Sales<br> Proceeds** | &nbsp;&nbsp;**Realized<br> Gain<br> (Loss)** | &nbsp;&nbsp;**Change in<br> Unrealized<br> Appreciation or<br> Depreciation** | &nbsp;&nbsp;**Ending<br> Value** |
| MFS Institutional Money Market Portfolio | &nbsp;&nbsp;$663218414 | &nbsp;&nbsp;$1117000880 | &nbsp;&nbsp;$1709295147 | &nbsp;&nbsp;$(14723) | &nbsp;&nbsp;$14098 | &nbsp;&nbsp;$70923522 |

---

---

| | | |
|:---|:---|:---|
| **Affiliated Issuers** | &nbsp;&nbsp;**Dividend<br> Income** | &nbsp;&nbsp;**Capital Gain<br> Distributions** |
| MFS Institutional Money Market Portfolio | &nbsp;&nbsp;$5827817 | &nbsp;&nbsp;$— |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** MFS Series Trust IX

- **b. Investment Company Act file number:** 811-02464

- **c. CIK number of Registrant:** 0000063075

- **d. LEI of Registrant:** 549300IJONSVWD5I9F62

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

  - **Street Address 1:** 111 Huntington Avenue

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02199

  - **Telephone number:** 617-954-5000

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

- **a. Name of Series:** MFS Total Return Bond Fund

- **b. EDGAR series identifier (if any):** S000002497

- **c. LEI of Series:** FJAEEQMSDDUK9QL2E558

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

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**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:** $7270454203.71

**Total Liabilities:** $98702746.90

**Net Assets:** $7171751456.81

**Delayed Delivery Securities:** $71893354.45

**Cash Not Reported:** $2443933.80

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -9149.18723840 | **1-Year:** -138582.66446600 | **5-Year:** -657342.94526610 | **10-Year:** -910482.71549560 | **30-Year:** -363982.67604320

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

- **3-Month:** -688.56782180 | **1-Year:** -27323.64404820 | **5-Year:** -184166.67583260 | **10-Year:** -138806.10772630 | **30-Year:** -49832.13344910

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006767 | 3.71%                | -0.52%               | 3.89%                |
| Class ID C000006760 | 3.70%                | -0.53%               | 3.87%                |
| Class ID C000006769 | 3.73%                | -0.60%               | 3.69%                |
| Class ID C000006772 | 3.69%                | -0.54%               | 3.86%                |
| Class ID C000006761 | 3.82%                | -0.62%               | 3.89%                |
| Class ID C000006765 | 3.63%                | -0.59%               | 3.80%                |
| Class ID C000006771 | 3.67%                | -0.56%               | 3.84%                |
| Class ID C000034443 | 3.83%                | -0.62%               | 3.89%                |
| Class ID C000006766 | 3.73%                | -0.71%               | 3.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7829563.70             | $223536473.48                              |
| Month 2  | $-10914413.16            | $-42219792.65                              |
| Month 3  | $-3215809.45             | $225351716.80                              |

**Designated Index Information**

- **Index Name:** BBG Barc US Aggregate Index

- **Index Identifier:** LBSTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QNDF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40066 | PA      | $33715.90     | 0.00%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179WR26<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  21461640 | PA      | $19147303.76  | 0.27%             | 2051-11-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2010-20K, Class 1          | CUSIP: 83162CTR4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    654926 | PA      | $623025.93    | 0.01%             | 2030-11-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd.    | Arbor Realty Collateralized Loan Obligation Ltd., Series 2020-FL1, Class B     | CUSIP: 03880WAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4500000 | PA      | $4321759.50   | 0.06%             | 2035-02-15      | Floating      | 6.40%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MSKT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    904821 | PA      | $792533.96    | 0.01%             | 2052-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                           | HCA, Inc.                                                                      | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   6743000 | PA      | $6750895.24   | 0.09%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36241LXE1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      8324 | PA      | $8494.82      | 0.00%             | 2041-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                      | Broadcom, Inc.                                                                 | CUSIP: 11135FAQ4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   8877000 | PA      | $8280753.13   | 0.12%             | 2030-11-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36296V7L6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    828284 | PA      | $840210.92    | 0.01%             | 2039-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418ED56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    823299 | PA      | $721135.64    | 0.01%             | 2052-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STWD Ltd.                                           | STWD Ltd., Series 2021-FL2, Class C                                            | CUSIP: 78486BAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11255500 | PA      | $10549041.79  | 0.15%             | 2038-04-18      | Floating      | 6.57%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC Multifamily Structured Pass-Through Certificates, Series K044, Class A2  | CUSIP: 3137BHCY1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6409123 | PA      | $6203103.52   | 0.09%             | 2025-01-25      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140K4M64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1516255 | PA      | $1353928.38   | 0.02%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140GNKM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35155 | PA      | $34617.34     | 0.00%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128M4W66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    100770 | PA      | $104497.29    | 0.00%             | 2036-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132A5J48<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    175198 | PA      | $161456.66    | 0.00%             | 2048-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Crown Americas LLC                                  | Crown Americas LLC                                                             | CUSIP: 228187AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8718000 | PA      | $8516962.92   | 0.12%             | 2026-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31403DD97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1120993 | PA      | $1174945.19   | 0.02%             | 2036-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36202EGR4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    153120 | PA      | $162965.87    | 0.00%             | 2036-01-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Standard Industries, Inc.                           | Standard Industries, Inc.                                                      | CUSIP: 853496AG2<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |  25624000 | PA      | $21905211.43  | 0.31%             | 2030-07-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 3620ALND2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    205278 | PA      | $206579.82    | 0.00%             | 2040-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138EPN91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1336566 | PA      | $1317208.85   | 0.02%             | 2045-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                     | Citigroup, Inc.                                                                | CUSIP: 172967ML2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |  21877000 | PA      | $18829642.63  | 0.26%             | 2031-01-29      | Variable      | 2.67%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140LQR28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     35891 | PA      | $30221.68     | 0.00%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BWX Technologies, Inc.                              | BWX Technologies, Inc.                                                         | CUSIP: 05605HAB6<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |   9016000 | PA      | $8136991.75   | 0.11%             | 2028-06-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Indian Railway Finance Corp. Ltd.                   | Indian Railway Finance Corp. Ltd.                                              | CUSIP: 45434L2C7<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | NUSS              | IN        |   5243000 | PA      | $4357247.58   | 0.06%             | 2031-02-10      | Fixed         | 2.80%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC Multifamily Structured Pass-Through Certificates, Series K110, Class XAM | CUSIP: 3137FTZU4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6415004 | PA      | $692237.95    | 0.01%             | 2030-04-25      | Variable      | 1.87%                 | No            |                  2 | On Loan: No      |
| Liberty Mutual Group, Inc.                          | Liberty Mutual Group, Inc.                                                     | CUSIP: 53079EBJ2<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |  11271000 | PA      | $8744810.59   | 0.12%             | 2050-10-15      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MEML7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     57114 | PA      | $50093.59     | 0.00%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138WCA86<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1337056 | PA      | $1346846.29   | 0.02%             | 2044-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.      | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL4, Class C       | CUSIP: 03880RAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  14892500 | PA      | $14230948.34  | 0.20%             | 2036-11-15      | Floating      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Adventist Health System                             | Adventist Health System                                                        | CUSIP: 007944AH4<br>LEI: 5493008YM33UCY5QPW83 | Long             | DBT              | CORP              | US        |  21168000 | PA      | $21626836.30  | 0.30%             | 2032-03-01      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31412LGN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     71458 | PA      | $75445.82     | 0.00%             | 2037-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                   | Philip Morris International, Inc.                                              | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   4291000 | PA      | $4481585.54   | 0.06%             | 2029-11-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132Y3NK6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    408325 | PA      | $376182.54    | 0.01%             | 2048-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QMZC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9988832 | PA      | $8814423.66   | 0.12%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STWD Ltd.                                           | STWD Ltd., Series 2022-FL3, Class C                                            | CUSIP: 78485KAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11508500 | PA      | $10779627.57  | 0.15%             | 2038-11-15      | Floating      | 6.48%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133KMYC3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3457392 | PA      | $3032438.29   | 0.04%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 31297C5V8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     81924 | PA      | $85108.51     | 0.00%             | 2034-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                    | Deutsche Bank AG                                                               | CUSIP: 251526CP2<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  23182000 | PA      | $20488739.58  | 0.29%             | 2027-11-16      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138ENEK1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    981378 | PA      | $997345.95    | 0.01%             | 2044-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MA3Z5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    101611 | PA      | $85513.53     | 0.00%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B4H99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4554391 | PA      | $3860337.70   | 0.05%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140H3DS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    161458 | PA      | $148601.29    | 0.00%             | 2047-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                          | AerCap Ireland Capital DAC                                                     | CUSIP: 00774MAN5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  12700000 | PA      | $12932413.18  | 0.18%             | 2025-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial, Inc.                          | Corebridge Financial, Inc.                                                     | CUSIP: 21871XAL3<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   5568000 | PA      | $4767965.87   | 0.07%             | 2052-04-05      | Fixed         | 4.40%                 | Yes           |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                        | Avolon Holdings Funding Ltd.                                                   | CUSIP: 05401AAJ0<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   7098000 | PA      | $6406176.11   | 0.09%             | 2027-02-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XG3S6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5197747 | PA      | $4735918.21   | 0.07%             | 2037-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128M4XV0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     53612 | PA      | $56372.86     | 0.00%             | 2037-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC, Series 3845, Class AI                                                   | CUSIP: 3137A9RJ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    251873 | PA      | $40723.59     | 0.00%             | 2036-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36202FXC5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    425861 | PA      | $434610.09    | 0.01%             | 2041-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Macquarie Group Ltd.                                | Macquarie Group Ltd.                                                           | CUSIP: 55608JBE7<br>LEI: ACMHD8HWFMFUIQQ8Y590 | Long             | DBT              | CORP              | AU        |  57968000 | PA      | $52801863.44  | 0.74%             | 2033-06-21      | Variable      | 4.44%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133AUH43<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $438282.49    | 0.01%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States of America                            | U.S. Treasury Bonds                                                            | CUSIP: 912810RB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  58777000 | PA      | $51181909.53  | 0.71%             | 2043-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CFV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    233798 | PA      | $229976.91    | 0.00%             | 2047-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36202FLN4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1303280 | PA      | $1297356.86   | 0.02%             | 2040-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fiserv, Inc.                                        | Fiserv, Inc.                                                                   | CUSIP: 337738AU2<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |  17324000 | PA      | $16134815.33  | 0.22%             | 2029-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QQHC2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    244110 | PA      | $228518.65    | 0.00%             | 2037-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Dryden 36 Senior Loan Fund                          | Dryden 36 Senior Loan Fund, Series 2014-36A, Class BR3                         | CUSIP: 26249KBB6<br>LEI: 549300XLLT7H0EYXK263 | Long             | ABS-CBDO         | CORP              | KY        |  14975000 | PA      | $14760722.73  | 0.21%             | 2029-04-15      | Floating      | 6.24%                 | Yes           |                  2 | On Loan: No      |
| Seasoned Credit Risk Transfer Trust                 | Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MV                   | CUSIP: 35563PLK3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1339619 | PA      | $1257293.41   | 0.02%             | 2058-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 3620AKNL6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    140403 | PA      | $141093.32    | 0.00%             | 2040-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31407KRH4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    362757 | PA      | $372806.07    | 0.01%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179TV51<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     52670 | PA      | $50453.06     | 0.00%             | 2048-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DWDH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  31139486 | PA      | $26206477.50  | 0.37%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DWES8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4895815 | PA      | $4835536.51   | 0.07%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 312941LZ8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    782045 | PA      | $791102.70    | 0.01%             | 2040-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                        | Marriott International, Inc., Series II                                        | CUSIP: 571903BH5<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |  18167000 | PA      | $14729662.08  | 0.21%             | 2033-10-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140J9SN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2796419 | PA      | $2578097.25   | 0.04%             | 2048-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179QT35<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1125664 | PA      | $1059092.62   | 0.01%             | 2044-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Alcon Finance Corp.                                 | Alcon Finance Corp.                                                            | CUSIP: 01400EAE3<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |   6013000 | PA      | $6292281.12   | 0.09%             | 2032-12-06      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179WVT2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  14715221 | PA      | $12722848.23  | 0.18%             | 2052-01-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EGA2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4742374 | PA      | $4432130.53   | 0.06%             | 2037-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132A5JL0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    532191 | PA      | $490615.53    | 0.01%             | 2048-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                        | Barclays plc                                                                   | CUSIP: 06738EBV6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |  16966000 | PA      | $13850355.62  | 0.19%             | 2032-11-24      | Variable      | 2.89%                 | No            |                  2 | On Loan: No      |
| MF1 Ltd.                                            | MF1 Ltd., Series 2022-FL8, Class C                                             | CUSIP: 55284JAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10626099 | PA      | $9958094.60   | 0.14%             | 2037-02-19      | Floating      | 6.51%                 | Yes           |                  2 | On Loan: No      |
| Iron Mountain, Inc.                                 | Iron Mountain, Inc.                                                            | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |  27150000 | PA      | $23264563.50  | 0.32%             | 2031-02-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Neuberger Berman CLO XV                             | Neuberger Berman CLO XV, Series 2013-15A, Class CR2                            | CUSIP: 64129KBJ5<br>LEI: 549300UTI4Y2IA4RUP16 | Long             | ABS-CBDO         | CORP              | KY        |   5663303 | PA      | $5415624.11   | 0.08%             | 2029-10-15      | Floating      | 6.64%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36202F2V7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     30155 | PA      | $31688.97     | 0.00%             | 2042-01-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Dryden 49 Senior Loan Fund                          | Dryden 49 Senior Loan Fund, Series 2017-49A, Class CR                          | CUSIP: 26244QAS2<br>LEI: 549300VCB8LYR1RGV869 | Long             | ABS-CBDO         | CORP              | KY        |  16500000 | PA      | $15815530.50  | 0.22%             | 2030-07-18      | Floating      | 6.84%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 3620AMD58<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    273926 | PA      | $275322.67    | 0.00%             | 2040-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133ALJF6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24697 | PA      | $20851.19     | 0.00%             | 2051-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority           | New Jersey Economic Development Authority                                      | CUSIP: 645913BB9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  29043000 | PA      | $28991651.98  | 0.40%             | 2023-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31414ST29<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |       753 | PA      | $790.56       | 0.00%             | 2038-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QL6B7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    752974 | PA      | $722968.88    | 0.01%             | 2036-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DM5N1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6739260 | PA      | $5907826.56   | 0.08%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140M16Q2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    548447 | PA      | $484404.02    | 0.01%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.               | Sumitomo Mitsui Financial Group, Inc.                                          | CUSIP: 86562MCB4<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |  38002000 | PA      | $31414082.73  | 0.44%             | 2030-07-08      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| MFS Institutional Money Market Portfolio            | MFS Institutional Money Market Portfolio, Class A                              | CUSIP: 55291X109<br>LEI: 5L2W638H85N8T1136O07 | Long             | STIV             | RF                | US        |  70492687 | NS      | $70499736.23  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31417AYK9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1410311 | PA      | $1393371.95   | 0.02%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132L5AD5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1020998 | PA      | $961212.11    | 0.01%             | 2043-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.      | Arbor Realty Commercial Real Estate Notes Ltd., Series 2019-FL2, Class C       | CUSIP: 03880VAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1815000 | PA      | $1734133.83   | 0.02%             | 2034-09-15      | Floating      | 6.74%                 | Yes           |                  2 | On Loan: No      |
| Commercial Mortgage Trust                           | Commercial Mortgage Trust, Series 2015-PC1, Class A5                           | CUSIP: 12593GAF9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4781393 | PA      | $4651243.96   | 0.06%             | 2050-07-10      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179XLE4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  13615458 | PA      | $12870803.92  | 0.18%             | 2052-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31412XZL1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40723 | PA      | $42033.23     | 0.00%             | 2037-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128MJYY0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      6157 | PA      | $5728.34      | 0.00%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36202FTL0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     83879 | PA      | $85602.44     | 0.00%             | 2041-05-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DWDR1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3674360 | PA      | $3219574.34   | 0.04%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179R7H6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    306507 | PA      | $287039.86    | 0.00%             | 2046-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Cutwater Ltd.                                       | Cutwater Ltd., Series 2014-1A, Class BR                                        | CUSIP: 23222TAS9<br>LEI: 254900Z407FNBKBWKE10 | Long             | ABS-CBDO         | CORP              | KY        |    560099 | PA      | $557007.13    | 0.01%             | 2026-07-15      | Floating      | 7.19%                 | Yes           |                  2 | On Loan: No      |
| Deutsche Bank AG                                    | Deutsche Bank AG                                                               | CUSIP: 251526CS6<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  24629000 | PA      | $25915477.34  | 0.36%             | 2029-01-18      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138A36S1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3415014 | PA      | $3294528.32   | 0.05%             | 2041-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138WJFL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2450047 | PA      | $2182614.00   | 0.03%             | 2046-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MSJU0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1437375 | PA      | $1306094.90   | 0.02%             | 2037-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                   | FirstEnergy Corp., Series C                                                    | CUSIP: 337932AJ6<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   6821000 | PA      | $6292372.50   | 0.09%             | 2047-07-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31412QSX8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     99234 | PA      | $101991.79    | 0.00%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DWC27<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     85923 | PA      | $75309.85     | 0.00%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179WNE4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  13106981 | PA      | $11699765.36  | 0.16%             | 2051-09-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DWDC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        | 133776411 | PA      | $112579782.11 | 1.57%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418NX21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    317002 | PA      | $325215.78    | 0.00%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128PR3E7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     45550 | PA      | $45710.60     | 0.00%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31408ENZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    293401 | PA      | $306635.62    | 0.00%             | 2036-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Harbourview CLO VII-R                               | Harbourview CLO VII-R, Series 7RA, Class B                                     | CUSIP: 41165TAE1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  15920000 | PA      | $15280000.08  | 0.21%             | 2031-07-18      | Floating      | 6.49%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 31335BC38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    856622 | PA      | $794528.87    | 0.01%             | 2047-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                   | BSPRT Issuer Ltd., Series 2021-FL7, Class C                                    | CUSIP: 05602CAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3651000 | PA      | $3384988.14   | 0.05%             | 2038-12-15      | Floating      | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority              | Oklahoma Development Finance Authority                                         | CUSIP: 67884XCP0<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   9717000 | PA      | $7954738.48   | 0.11%             | 2028-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                | Boston Properties LP                                                           | CUSIP: 10112RBF0<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |  27176000 | PA      | $20711294.31  | 0.29%             | 2033-10-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179UCA8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    637980 | PA      | $607961.75    | 0.01%             | 2048-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QNDE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12472593 | PA      | $11342788.78  | 0.16%             | 2052-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MFW58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1372686 | PA      | $1247335.48   | 0.02%             | 2037-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138EQTZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2000844 | PA      | $1986572.44   | 0.03%             | 2044-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179XFF8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  21394426 | PA      | $20225690.99  | 0.28%             | 2052-09-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                               | Targa Resources Corp.                                                          | CUSIP: 87612GAB7<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   6758000 | PA      | $5786494.65   | 0.08%             | 2052-04-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31417TNK0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1357090 | PA      | $1379162.61   | 0.02%             | 2040-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CARS-DB4 LP                                         | CARS-DB4 LP, Series 2020-1A, Class A4                                          | CUSIP: 12510HAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   8124706 | PA      | $7675165.26   | 0.11%             | 2050-02-15      | Fixed         | 3.19%                 | Yes           |                  2 | On Loan: No      |
| Element Fleet Management Corp.                      | Element Fleet Management Corp.                                                 | CUSIP: 286181AF9<br>LEI: 5493000PGBS1C22ELQ16 | Long             | DBT              | CORP              | CA        |  13697000 | PA      | $13061862.03  | 0.18%             | 2024-04-06      | Fixed         | 1.60%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31412AWH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2722 | PA      | $2796.67      | 0.00%             | 2037-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WMG Acquisition Corp.                               | WMG Acquisition Corp.                                                          | CUSIP: 92933BAR5<br>LEI: 549300NAS11NXI33CP80 | Long             | DBT              | CORP              | US        |  20043000 | PA      | $16622261.19  | 0.23%             | 2031-02-15      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128PRZ69<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     57400 | PA      | $57603.88     | 0.00%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XGX46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    813125 | PA      | $684085.51    | 0.01%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179XNE2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7136213 | PA      | $7086327.59   | 0.10%             | 2052-12-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                        | Pacific Gas and Electric Co.                                                   | CUSIP: 694308JH1<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  34169000 | PA      | $24522905.76  | 0.34%             | 2040-08-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Alcon Finance Corp.                                 | Alcon Finance Corp.                                                            | CUSIP: 01400EAD5<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |   4431000 | PA      | $3874661.54   | 0.05%             | 2030-05-27      | Fixed         | 2.60%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XD5R3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1980102 | PA      | $1735677.63   | 0.02%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140M8U31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    159879 | PA      | $140102.54    | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | FNMA, Series 2014-35, Class CA                                                 | CUSIP: 3136AKFL2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    742902 | PA      | $719170.60    | 0.01%             | 2044-06-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133KN6M0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    810779 | PA      | $682272.68    | 0.01%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Rogers Communications, Inc.                         | Rogers Communications, Inc.                                                    | CUSIP: 775109CD1<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |  27147000 | PA      | $22819229.06  | 0.32%             | 2052-03-15      | Fixed         | 4.55%                 | Yes           |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                        | Avolon Holdings Funding Ltd.                                                   | CUSIP: 05401AAL5<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   7451000 | PA      | $7075759.07   | 0.10%             | 2026-04-15      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| Commercial Mortgage Trust                           | Commercial Mortgage Trust, Series 2015-LC21, Class A4                          | CUSIP: 12593FBD5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9963398 | PA      | $9613405.75   | 0.13%             | 2048-07-10      | Fixed         | 3.71%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140N24P3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    266242 | PA      | $248574.11    | 0.00%             | 2037-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 31296QKB5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    141920 | PA      | $148598.96    | 0.00%             | 2033-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31403DBY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    149914 | PA      | $154065.93    | 0.00%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MHSG5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1931242 | PA      | $1626517.20   | 0.02%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31371MMG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    133379 | PA      | $139825.82    | 0.00%             | 2036-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132D6B66<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5124538 | PA      | $4669260.33   | 0.07%             | 2037-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MXWD2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    713752 | PA      | $625172.39    | 0.01%             | 2052-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC Multifamily Structured Pass-Through Certificates, Series K097, Class X1  | CUSIP: 3137FNX70<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12670825 | PA      | $721414.66    | 0.01%             | 2029-07-25      | Variable      | 1.09%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                     | Sumitomo Mitsui Trust Bank Ltd.                                                | CUSIP: 86563VAU3<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   6036000 | PA      | $5748428.36   | 0.08%             | 2024-03-25      | Fixed         | 0.85%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | FNMA, Series 2014-10, Class KM                                                 | CUSIP: 3136AJEW2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    753533 | PA      | $722964.77    | 0.01%             | 2043-09-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                   | HSBC Holdings plc                                                              | CUSIP: 404280CP2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  10111000 | PA      | $9064511.50   | 0.13%             | 2026-03-09      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                          | Warnermedia Holdings, Inc.                                                     | CUSIP: 55903VAQ6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  21194000 | PA      | $17602899.66  | 0.25%             | 2052-03-15      | Fixed         | 5.14%                 | Yes           |                  2 | On Loan: No      |
| GSK Consumer Healthcare Capital US LLC              | GSK Consumer Healthcare Capital US LLC                                         | CUSIP: 36264FAM3<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |  15416000 | PA      | $14112725.96  | 0.20%             | 2032-03-24      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CM43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    745507 | PA      | $712518.40    | 0.01%             | 2037-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                  | Crown Castle, Inc.                                                             | CUSIP: 22822VAE1<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1260935.95   | 0.02%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138EKET8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    967647 | PA      | $983390.88    | 0.01%             | 2042-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Impac CMB Trust                                     | Impac CMB Trust, Series 2004-7, Class 1A2                                      | CUSIP: 45254NKG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      8322 | PA      | $8166.94      | 0.00%             | 2034-11-25      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CP99<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32707 | PA      | $30194.05     | 0.00%             | 2047-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132J7RK0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    141305 | PA      | $133029.36    | 0.00%             | 2043-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31402RCV9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    338587 | PA      | $347959.93    | 0.00%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132ACYL8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1004219 | PA      | $924204.42    | 0.01%             | 2048-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd.                                       | TICP CLO Ltd., Series 2018-IA, Class A2                                        | CUSIP: 87248VAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  16262022 | PA      | $16098096.94  | 0.22%             | 2028-04-26      | Floating      | 6.32%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179W7J1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  18786106 | PA      | $16742356.03  | 0.23%             | 2052-06-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MAYX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    711219 | PA      | $623213.35    | 0.01%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Credit Acceptance Auto Loan Trust                   | Credit Acceptance Auto Loan Trust, Series 2021-3A, Class C                     | CUSIP: 22535GAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2159000 | PA      | $1963939.53   | 0.03%             | 2030-09-16      | Fixed         | 1.63%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 31292SBD1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1329160 | PA      | $1283081.43   | 0.02%             | 2043-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31409CA70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    168842 | PA      | $174479.68    | 0.00%             | 2036-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B9DC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24455 | PA      | $20596.09     | 0.00%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                          | AerCap Ireland Capital DAC                                                     | CUSIP: 00774MAP0<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  18880000 | PA      | $18775958.17  | 0.26%             | 2023-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31410F5D3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    328494 | PA      | $337599.99    | 0.00%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418TC54<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    189203 | PA      | $194460.98    | 0.00%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128M4GZ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    328175 | PA      | $343146.33    | 0.00%             | 2035-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP               | Toll Road Investors Partnership II LP                                          | CUSIP: 88948ABG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5237000 | PA      | $2971121.66   | 0.04%             | 2031-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132J4MM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1737081 | PA      | $1704137.71   | 0.02%             | 2037-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp.                                 | Regal Rexnord Corp.                                                            | CUSIP: 758750AE3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |  20904000 | PA      | $21315035.35  | 0.30%             | 2030-02-15      | Fixed         | 6.30%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140HJR94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     43669 | PA      | $43010.19     | 0.00%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DWGV9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     25000 | PA      | $21895.83     | 0.00%             | 2053-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Eni SpA                                             | Eni SpA, Series X-R                                                            | CUSIP: 26874RAG3<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |  13354000 | PA      | $13259192.34  | 0.18%             | 2023-09-12      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Westpac Banking Corp.                               | Westpac Banking Corp.                                                          | CUSIP: 961214EM1<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |  18137000 | PA      | $16928300.99  | 0.24%             | 2030-02-04      | Variable      | 2.89%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MHH77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     90139 | PA      | $78984.64     | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Regatta Funding LP                                  | Regatta Funding LP, Series 2013-2A, Class BR3                                  | CUSIP: 75885WBE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  17000000 | PA      | $16432540.00  | 0.23%             | 2029-01-15      | Floating      | 6.79%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31419JSM1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3495288 | PA      | $3453344.37   | 0.05%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Corebridge Financial, Inc.                          | Corebridge Financial, Inc.                                                     | CUSIP: 21871XAJ8<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   1846000 | PA      | $1601889.24   | 0.02%             | 2042-04-05      | Fixed         | 4.35%                 | Yes           |                  2 | On Loan: No      |
| Seasoned Credit Risk Transfer Trust                 | Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MA                   | CUSIP: 35563PKG3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    109035 | PA      | $104782.37    | 0.00%             | 2058-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2004-20F, Class 1          | CUSIP: 83162CNU3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     17917 | PA      | $17921.71     | 0.00%             | 2024-06-01      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Match Group Holdings II LLC                         | Match Group Holdings II LLC                                                    | CUSIP: 57667JAA0<br>LEI: 5493003RFFE030RC9167 | Long             | DBT              | CORP              | US        |  20902000 | PA      | $16773855.00  | 0.23%             | 2031-10-01      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31410KJU9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     69044 | PA      | $72507.48     | 0.00%             | 2038-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138WEXT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1094057 | PA      | $1049437.54   | 0.01%             | 2045-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CR97<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     37850 | PA      | $37231.23     | 0.00%             | 2047-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                | LoanCore Issuer Ltd., Series 2019-CRE2, Class D                                | CUSIP: 53946JAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3164500 | PA      | $3097725.89   | 0.04%             | 2036-05-15      | Floating      | 6.91%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179XFH4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  35939468 | PA      | $35688233.53  | 0.50%             | 2052-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                           | Commercial Mortgage Trust, Series 2017-COR2, Class A3                          | CUSIP: 12595EAD7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  26790000 | PA      | $25366872.34  | 0.35%             | 2050-09-10      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138E55N4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    142659 | PA      | $137695.17    | 0.00%             | 2042-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CV68<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1182318 | PA      | $1158752.11   | 0.02%             | 2038-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                 | Citigroup Commercial Mortgage Trust, Series 2014-GC25, Class A4                | CUSIP: 17322YAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4461971 | PA      | $4346534.90   | 0.06%             | 2047-10-10      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Bayview Commercial Asset Trust                      | Bayview Commercial Asset Trust, Series 2005-2A, Class A1                       | CUSIP: 07324SBN1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    101844 | PA      | $94274.99     | 0.00%             | 2035-08-25      | Floating      | 4.97%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31411LSY8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     78106 | PA      | $82465.54     | 0.00%             | 2037-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179W2V9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2942071 | PA      | $2706960.56   | 0.04%             | 2052-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Seasoned Credit Risk Transfer Trust                 | Seasoned Credit Risk Transfer Trust, Series 2019-2, Class MV                   | CUSIP: 35563PKJ7<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    997559 | PA      | $933491.57    | 0.01%             | 2058-08-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC Multifamily Structured Pass-Through Certificates, Series K047, Class A2  | CUSIP: 3137BKRJ1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8738328 | PA      | $8526921.63   | 0.12%             | 2025-05-25      | Variable      | 3.33%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140LVRB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $438632.29    | 0.01%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140K4M56<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    637393 | PA      | $566660.35    | 0.01%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36294UUL4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    211253 | PA      | $204841.62    | 0.00%             | 2042-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CQ98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     22512 | PA      | $20789.70     | 0.00%             | 2047-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                        | Barclays plc                                                                   | CUSIP: 06738EBD6<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   7802000 | PA      | $7610570.52   | 0.11%             | 2029-05-16      | Variable      | 4.97%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Co.                        | Pacific Gas and Electric Co.                                                   | CUSIP: 694308JW8<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |  11170000 | PA      | $9988057.28   | 0.14%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138EJQT8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1900281 | PA      | $1931206.51   | 0.03%             | 2042-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp.                                 | Regal Rexnord Corp.                                                            | CUSIP: 758750AF0<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |  16170000 | PA      | $16579514.79  | 0.23%             | 2033-04-15      | Fixed         | 6.40%                 | Yes           |                  2 | On Loan: No      |
| Impac Secured Assets Trust                          | Impac Secured Assets Trust, Series 2006-1, Class 2A1                           | CUSIP: 45254TTN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     34278 | PA      | $29117.28     | 0.00%             | 2036-05-25      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31417G2Y1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1237360 | PA      | $1192730.24   | 0.02%             | 2043-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133AER55<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     20866 | PA      | $17628.00     | 0.00%             | 2051-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                        | Marriott International, Inc., Series GG                                        | CUSIP: 571903BF9<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | DBT              | CORP              | US        |  12991000 | PA      | $11478264.69  | 0.16%             | 2032-10-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128PRZ51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     78005 | PA      | $78281.26     | 0.00%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                | LoanCore Issuer Ltd., Series 2019-CRE3, Class C                                | CUSIP: 53947DAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   5553900 | PA      | $5612504.76   | 0.08%             | 2034-04-15      | Floating      | 6.41%                 | Yes           |                  2 | On Loan: No      |
| Bayview Commercial Asset Trust                      | Bayview Commercial Asset Trust, Series 2006-4A                                 | CUSIP: 07325BAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1752345 | PA      | $175.23       | 0.00%             | 2036-12-25      | Variable      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| BAT Capital Corp.                                   | BAT Capital Corp.                                                              | CUSIP: 05526DBN4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2353812.92   | 0.03%             | 2030-04-02      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Leviathan Bond Ltd.                                 | Leviathan Bond Ltd.                                                            | CUSIP: N/A<br>LEI: 254900D9T8VKYVQNZ220       | Long             | DBT              | CORP              | IL        |  11033000 | PA      | $10714631.75  | 0.15%             | 2030-06-30      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140FH6D4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    865856 | PA      | $772339.91    | 0.01%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                        | Avolon Holdings Funding Ltd.                                                   | CUSIP: 05401AAD3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |  15117000 | PA      | $14935300.16  | 0.21%             | 2024-05-15      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128P8FJ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2448619 | PA      | $2342457.84   | 0.03%             | 2038-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31403C6S5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    128550 | PA      | $134466.56    | 0.00%             | 2036-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140N8NW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    881199 | PA      | $895961.42    | 0.01%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                     | Goldman Sachs Group, Inc. (The)                                                | CUSIP: 38141GXG4<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  15968000 | PA      | $13888309.96  | 0.19%             | 2030-02-07      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Seasoned Credit Risk Transfer Trust                 | Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MA                   | CUSIP: 35563PML0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1975010 | PA      | $1860641.33   | 0.03%             | 2059-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B4SZ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    960577 | PA      | $808852.22    | 0.01%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418ED98<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1961330 | PA      | $1782214.65   | 0.02%             | 2037-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Northwell Healthcare, Inc.                          | Northwell Healthcare, Inc.                                                     | CUSIP: 667274AC8<br>LEI: 54930073NUTKK4QD3P47 | Long             | DBT              | CORP              | US        |   9132000 | PA      | $7825433.35   | 0.11%             | 2047-11-01      | Fixed         | 4.26%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp.                            | Marathon Petroleum Corp.                                                       | CUSIP: 56585AAM4<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |   4349000 | PA      | $4211347.19   | 0.06%             | 2045-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179XLH7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  56054121 | PA      | $56457108.59  | 0.79%             | 2052-11-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138AM6S9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    236749 | PA      | $228389.40    | 0.00%             | 2041-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31403CXQ9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     33419 | PA      | $35054.93     | 0.00%             | 2035-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Aon Corp.                                           | Aon Corp.                                                                      | CUSIP: 037389BC6<br>LEI: LTS3U8DGK38SETRUWX71 | Long             | DBT              | CORP              | US        |  23260000 | PA      | $22087465.96  | 0.31%             | 2029-05-02      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179RBW8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1220978 | PA      | $1148802.85   | 0.02%             | 2045-04-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132D6BE9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    792980 | PA      | $722537.98    | 0.01%             | 2037-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132J9KC1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1235566 | PA      | $1163210.88   | 0.02%             | 2043-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Village of Bridgeview IL                            | Village of Bridgeview                                                          | CUSIP: 108555GG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24325000 | PA      | $22214200.56  | 0.31%             | 2036-12-01      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QPXC6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    205845 | PA      | $180264.70    | 0.00%             | 2052-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Merrill Lynch Mortgage Investors Trust              | Merrill Lynch Mortgage Investors Trust, Series 2006-RM1, Class A2B             | CUSIP: 59020U5D3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1800295 | PA      | $247596.66    | 0.00%             | 2037-02-25      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31371LDH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6435 | PA      | $6720.38      | 0.00%             | 2033-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XFLN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7427856 | PA      | $6855759.93   | 0.10%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138X13A2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    961342 | PA      | $927465.39    | 0.01%             | 2043-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138EH3F7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1544542 | PA      | $1526005.51   | 0.02%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 31329QWH0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1177266 | PA      | $1120961.07   | 0.02%             | 2049-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO XXI Ltd.                       | Neuberger Berman CLO XXI Ltd., Series 2016-21A, Class CR2                      | CUSIP: 64130DBL3<br>LEI: 549300VBBLOSKH8XQ869 | Long             | ABS-CBDO         | CORP              | KY        |   9973559 | PA      | $9658643.87   | 0.13%             | 2034-04-20      | Floating      | 6.86%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133KMZB4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6340823 | PA      | $5605880.28   | 0.08%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA or FHLMC                                       | UMBS, 30 Year, Single Family                                                   | CUSIP: 01F052623<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  10775000 | PA      | $10949251.90  | 0.15%             | 2053-02-25      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2003-20G, Class 1          | CUSIP: 83162CNC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4814 | PA      | $4781.68      | 0.00%             | 2023-07-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | FNMA                                                                           | CUSIP: 31381TQQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    587339 | PA      | $584049.31    | 0.01%             | 2027-01-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128M7XB7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    214054 | PA      | $220230.08    | 0.00%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179TLR4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5505919 | PA      | $5140172.01   | 0.07%             | 2047-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC Multifamily Structured Pass-Through Certificates, Series K085, Class A2  | CUSIP: 3137FK4M5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5001000 | PA      | $4991916.18   | 0.07%             | 2028-10-25      | Variable      | 4.06%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140LUV32<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    493342 | PA      | $433136.15    | 0.01%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133L83G8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    422294 | PA      | $384814.69    | 0.01%             | 2037-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140F0JJ4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1536240 | PA      | $1424647.94   | 0.02%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Seasoned Credit Risk Transfer Trust                 | Seasoned Credit Risk Transfer Trust, Series 2019-4, Class MV                   | CUSIP: 35563PMN6<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1427379 | PA      | $1283777.70   | 0.02%             | 2059-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QNWQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  18046613 | PA      | $15815369.17  | 0.22%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31419B5X9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1089089 | PA      | $1076012.41   | 0.02%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2013-20B, Class 1          | CUSIP: 83162CVH3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    328371 | PA      | $302424.68    | 0.00%             | 2033-02-01      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418ECZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12231553 | PA      | $11002636.53  | 0.15%             | 2042-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Barclays plc                                        | Barclays plc                                                                   | CUSIP: 06738EAN5<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   4820000 | PA      | $4722700.15   | 0.07%             | 2026-01-12      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138A2AX7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    770833 | PA      | $751585.71    | 0.01%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138EPLN2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23157 | PA      | $22805.48     | 0.00%             | 2030-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179T4N2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2513508 | PA      | $2407452.45   | 0.03%             | 2048-07-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31410KGB4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    128360 | PA      | $134458.14    | 0.00%             | 2037-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XLI Ltd.                       | Madison Park Funding XLI Ltd., Series 12A, Class BR                            | CUSIP: 04965CAL2<br>LEI: 549300O252OCTN35RH57 | Long             | ABS-CBDO         | CORP              | KY        |  15670000 | PA      | $15412369.53  | 0.21%             | 2027-04-22      | Floating      | 6.17%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31410LDU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    663841 | PA      | $674640.09    | 0.01%             | 2041-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 3620AFPN1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    101426 | PA      | $102886.78    | 0.00%             | 2040-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                         | AREIT Trust, Series 2022-CRE6, Class D                                         | CUSIP: 04002VAJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   4313500 | PA      | $3992428.94   | 0.06%             | 2037-01-16      | Floating      | 7.16%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133BBSF7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     44720 | PA      | $37649.28     | 0.00%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418D4X7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1389547 | PA      | $1169005.92   | 0.02%             | 2051-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31405TS94<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     11085 | PA      | $11420.36     | 0.00%             | 2035-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133BN6G3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8105197 | PA      | $7364222.17   | 0.10%             | 2052-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31419BBT1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2374532 | PA      | $2315238.41   | 0.03%             | 2041-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EMC1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2513369 | PA      | $2201220.54   | 0.03%             | 2052-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | FNMA, Series 2013-53, Class CB                                                 | CUSIP: 3136AEEP8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     46246 | PA      | $45606.30     | 0.00%             | 2040-10-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179SJS7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    578975 | PA      | $540278.16    | 0.01%             | 2046-08-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36200NE23<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      9005 | PA      | $9270.73      | 0.00%             | 2034-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| American International Group, Inc.                  | American International Group, Inc.                                             | CUSIP: 026874DH7<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | DBT              | CORP              | US        |   3649000 | PA      | $3574401.52   | 0.05%             | 2026-04-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138ER5E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    139555 | PA      | $137879.44    | 0.00%             | 2044-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.      | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL3, Class C       | CUSIP: 03880KAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9870000 | PA      | $8929369.26   | 0.12%             | 2034-08-15      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2004-20C, Class 1          | CUSIP: 83162CNQ2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     21913 | PA      | $21728.54     | 0.00%             | 2024-03-01      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QKY77<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2673547 | PA      | $2475132.76   | 0.03%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128M6K49<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     64549 | PA      | $66390.17     | 0.00%             | 2038-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                       | UBS Commercial Mortgage Trust, Series 2018-C8, Class A4                        | CUSIP: 90276VAE9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  18388578 | PA      | $17551287.20  | 0.24%             | 2051-02-15      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31417AYE3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2829829 | PA      | $2795841.08   | 0.04%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3131XVRK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2922544 | PA      | $2794682.86   | 0.04%             | 2046-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LPL Holdings, Inc.                                  | LPL Holdings, Inc.                                                             | CUSIP: 50212YAD6<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |  21696000 | PA      | $19417920.00  | 0.27%             | 2029-03-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                        | Avolon Holdings Funding Ltd.                                                   | CUSIP: 05401AAM3<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |  12112000 | PA      | $10834862.27  | 0.15%             | 2026-02-21      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133AFX22<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    319914 | PA      | $282362.33    | 0.00%             | 2051-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132D6CD0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4355571 | PA      | $4066583.02   | 0.06%             | 2037-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PFP Ltd.                                            | PFP Ltd., Series 2021-7, Class B                                               | CUSIP: 69290LAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   3866807 | PA      | $3619327.52   | 0.05%             | 2038-04-14      | Floating      | 5.85%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132CWWJ9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    415261 | PA      | $387969.05    | 0.01%             | 2037-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                         | AREIT Trust, Series 2022-CRE6, Class C                                         | CUSIP: 04002VAG6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |  10134500 | PA      | $9431733.23   | 0.13%             | 2037-01-16      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179XFG6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  12280514 | PA      | $11921585.50  | 0.17%             | 2052-09-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 3620A8GZ0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    154146 | PA      | $156347.14    | 0.00%             | 2040-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Seasoned Credit Risk Transfer Trust                 | Seasoned Credit Risk Transfer Trust, Series 2019-3, Class MA                   | CUSIP: 35563PLH0<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   1242027 | PA      | $1192004.78   | 0.02%             | 2058-10-25      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                        | UBS Group AG                                                                   | CUSIP: 902613AD0<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  30010000 | PA      | $24605199.00  | 0.34%             | 2031-02-10      | Variable      | 4.38%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133BQYH3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    362809 | PA      | $368886.44    | 0.01%             | 2052-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev Worldwide, Inc.                | Anheuser-Busch InBev Worldwide, Inc.                                           | CUSIP: 03523TBU1<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   7779000 | PA      | $8145907.74   | 0.11%             | 2039-01-23      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138AEEF6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1174526 | PA      | $1207121.63   | 0.02%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31371M7K7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85395 | PA      | $90161.41     | 0.00%             | 2037-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC, Series 4623, Class WI                                                   | CUSIP: 3137BSLS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    269779 | PA      | $30605.92     | 0.00%             | 2044-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133ARSJ5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24810 | PA      | $21759.31     | 0.00%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd.                                           | BXMT Ltd., Series 2021-FL4, Class AS                                           | CUSIP: 05609GAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |  17470500 | PA      | $16749534.39  | 0.23%             | 2038-05-15      | Floating      | 5.76%                 | Yes           |                  2 | On Loan: No      |
| Enbridge, Inc.                                      | Enbridge, Inc.                                                                 | CUSIP: 29250NAL9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   9961000 | PA      | $9755840.65   | 0.14%             | 2026-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XGQ69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7517943 | PA      | $6901729.02   | 0.10%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Escambia County Health Facilities Authority         | Escambia County Health Facilities Authority                                    | CUSIP: 296110GG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4565000 | PA      | $3666941.70   | 0.05%             | 2040-08-15      | Fixed         | 3.61%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust               | Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class A4               | CUSIP: 94989JAZ9<br>LEI: 549300S7ENI2U7O0XH56 | Long             | ABS-MBS          | CORP              | US        |  15451790 | PA      | $14918462.20  | 0.21%             | 2048-05-15      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179WLP1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   5339449 | PA      | $4769168.46   | 0.07%             | 2051-08-20      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XFNJ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4955025 | PA      | $4346314.91   | 0.06%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Village of Bridgeview IL                            | Village of Bridgeview                                                          | CUSIP: 108555GF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1607080.96   | 0.02%             | 2025-12-01      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179R4E6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     14609 | PA      | $14008.32     | 0.00%             | 2046-03-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132D6BW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     47797 | PA      | $43432.22     | 0.00%             | 2037-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust               | Wells Fargo Commercial Mortgage Trust, Series 2016-C34, Class A4               | CUSIP: 95000DBD2<br>LEI: 549300FWFHJGIW2B2U59 | Long             | ABS-MBS          | CORP              | US        |   7740000 | PA      | $7286077.64   | 0.10%             | 2049-06-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Global Aircraft Leasing Co. Ltd.                    | Global Aircraft Leasing Co. Ltd.                                               | CUSIP: 37960JAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |  14582455 | PA      | $13307711.91  | 0.19%             | 2024-09-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179TLS2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4060160 | PA      | $3886892.52   | 0.05%             | 2047-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418ECH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8049586 | PA      | $7240867.35   | 0.10%             | 2042-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | FNMA, Series 2013-64, Class KI                                                 | CUSIP: 3136AEXM4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    243211 | PA      | $21213.63     | 0.00%             | 2033-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CHCP Ltd.                                           | CHCP Ltd., Series 2021-FL1, Class C                                            | CUSIP: 12546JAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5168000 | PA      | $4805828.63   | 0.07%             | 2038-02-15      | Floating      | 6.70%                 | Yes           |                  2 | On Loan: No      |
| Enel Finance International NV                       | Enel Finance International NV                                                  | CUSIP: 29278GBA5<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |   3444000 | PA      | $3878890.20   | 0.05%             | 2032-10-14      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140H13W8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     99769 | PA      | $91855.55     | 0.00%             | 2047-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31417SBP4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    219078 | PA      | $224759.56    | 0.00%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B4JE6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5327165 | PA      | $4508428.48   | 0.06%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QPXK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5293266 | PA      | $4812672.51   | 0.07%             | 2052-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36202ESB6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    432775 | PA      | $454715.75    | 0.01%             | 2038-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DWDQ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1716444 | PA      | $1445061.15   | 0.02%             | 2052-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138WDKV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    765768 | PA      | $754676.98    | 0.01%             | 2044-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                          | Warnermedia Holdings, Inc.                                                     | CUSIP: 55903VAN3<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |  24492000 | PA      | $20912089.59  | 0.29%             | 2042-03-15      | Fixed         | 5.05%                 | Yes           |                  2 | On Loan: No      |
| School District of Philadelphia (The)               | School District of Philadelphia (The)                                          | CUSIP: 717883NM0<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   6320000 | PA      | $6880075.24   | 0.10%             | 2030-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Tengizchevroil Finance Co. International Ltd.       | Tengizchevroil Finance Co. International Ltd.                                  | CUSIP: N/A<br>LEI: 5493001VEV2XTJIBZH31       | Long             | DBT              | CORP              | BM        |  13596000 | PA      | $10350906.72  | 0.14%             | 2030-08-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179R7J2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    114380 | PA      | $109695.97    | 0.00%             | 2046-04-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2004-20E, Class 1          | CUSIP: 83162CNT6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19621 | PA      | $19427.84     | 0.00%             | 2024-05-01      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.      | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL3, Class D       | CUSIP: 03880KAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4110000 | PA      | $3803722.80   | 0.05%             | 2034-08-15      | Floating      | 6.65%                 | Yes           |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                 | Citigroup Commercial Mortgage Trust, Series 2015-GC27, Class A5                | CUSIP: 17323CAE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11154926 | PA      | $10717651.79  | 0.15%             | 2048-02-10      | Fixed         | 3.14%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133KYWE5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10804458 | PA      | $9396175.87   | 0.13%             | 2042-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31416WEW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    163900 | PA      | $166566.00    | 0.00%             | 2040-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Jazz Securities DAC                                 | Jazz Securities DAC                                                            | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |  23655000 | PA      | $21581402.70  | 0.30%             | 2029-01-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179XHX7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  28838737 | PA      | $27995852.34  | 0.39%             | 2052-10-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alcon Finance Corp.                                 | Alcon Finance Corp.                                                            | CUSIP: 01400EAA1<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |   4432000 | PA      | $4119629.85   | 0.06%             | 2026-09-23      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138ELKS1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     18146 | PA      | $17961.62     | 0.00%             | 2028-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                | Charter Communications Operating LLC                                           | CUSIP: 161175AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10635000 | PA      | $10580338.01  | 0.15%             | 2025-07-23      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| ONEOK, Inc.                                         | ONEOK, Inc.                                                                    | CUSIP: 682680AV5<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |  13639000 | PA      | $12333180.32  | 0.17%             | 2048-07-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128M73V6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    256194 | PA      | $263564.00    | 0.00%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B9Z56<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6583174 | PA      | $5983377.61   | 0.08%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31403DBX6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     58354 | PA      | $61234.46     | 0.00%             | 2036-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Discovery Communications LLC                        | Discovery Communications LLC                                                   | CUSIP: 25470DBH1<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |  11068000 | PA      | $8643383.49   | 0.12%             | 2050-05-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133BHQL3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    509067 | PA      | $511949.64    | 0.01%             | 2052-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QEFD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1088742 | PA      | $988838.41    | 0.01%             | 2040-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Home Equity Loan Trust                              | Home Equity Loan Trust, Series 2005-HS2, Class AI3                             | CUSIP: 76110VSS8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    137728 | PA      | $136692.40    | 0.00%             | 2035-12-25      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36202FV94<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    211933 | PA      | $216288.06    | 0.00%             | 2041-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179W7K8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  31479321 | PA      | $28915067.37  | 0.40%             | 2052-06-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                               | Bank of America Corp., Series AA                                               | CUSIP: 060505EN0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  15392000 | PA      | $15398156.80  | 0.21%             | 2025-03-17      | Variable      | 6.10%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EG95<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     37360 | PA      | $34885.85     | 0.00%             | 2037-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140F5A45<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9859022 | PA      | $9168473.03   | 0.13%             | 2046-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                 | Macquarie Bank Ltd.                                                            | CUSIP: 556079AB7<br>LEI: 549300MPRNPO6FWNKN78 | Long             | DBT              | CORP              | AU        |  14673000 | PA      | $13506889.30  | 0.19%             | 2027-03-08      | Variable      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| Plains All American Pipeline LP                     | Plains All American Pipeline LP                                                | CUSIP: 72650RBM3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  33187000 | PA      | $29848247.09  | 0.42%             | 2029-12-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31406XKB7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     85041 | PA      | $86617.27     | 0.00%             | 2035-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31406NYG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    105590 | PA      | $107351.98    | 0.00%             | 2035-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Warnermedia Holdings, Inc.                          | Warnermedia Holdings, Inc.                                                     | CUSIP: 55903VAS2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   8483000 | PA      | $7059109.79   | 0.10%             | 2062-03-15      | Fixed         | 5.39%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36297H6K9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    182922 | PA      | $184328.94    | 0.00%             | 2040-01-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Arrow Electronics, Inc.                             | Arrow Electronics, Inc.                                                        | CUSIP: 04273WAC5<br>LEI: 549300YNNLBXT8N8R512 | Long             | DBT              | CORP              | US        |  21913000 | PA      | $18176661.48  | 0.25%             | 2032-02-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128KYA33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       930 | PA      | $979.27       | 0.00%             | 2037-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133WJDP1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    490042 | PA      | $445290.62    | 0.01%             | 2037-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128KC2N6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     24835 | PA      | $25534.96     | 0.00%             | 2036-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | FNMA, Series 2010-43, Class AH                                                 | CUSIP: 31398RDA0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    408814 | PA      | $387143.40    | 0.01%             | 2040-05-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 31297TE33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     97148 | PA      | $99682.33     | 0.00%             | 2035-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                   | FirstEnergy Corp.                                                              | CUSIP: 337932AL1<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |  15914000 | PA      | $13597558.16  | 0.19%             | 2030-03-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EBH2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    784445 | PA      | $653709.36    | 0.01%             | 2042-02-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138ERCZ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    823084 | PA      | $813200.19    | 0.01%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36295KJV6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    166260 | PA      | $174096.08    | 0.00%             | 2038-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd.                     | Palmer Square Loan Funding Ltd., Series 2020-1A, Class A2                      | CUSIP: 69701EAC0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13300000 | PA      | $13141357.60  | 0.18%             | 2028-02-20      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31410LK35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    619680 | PA      | $611981.71    | 0.01%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133BB3C1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2401341 | PA      | $2274169.36   | 0.03%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CU69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    306085 | PA      | $282625.20    | 0.00%             | 2048-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                | LoanCore Issuer Ltd., Series 2021-CRE5, Class AS                               | CUSIP: 53947XAE2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  23249000 | PA      | $22043985.73  | 0.31%             | 2036-07-15      | Floating      | 6.20%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179WXK9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3555343 | PA      | $3274899.33   | 0.05%             | 2052-02-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EBR0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6090229 | PA      | $5129280.29   | 0.07%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31410F2Z7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     73545 | PA      | $77650.92     | 0.00%             | 2037-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                      | Morgan Stanley                                                                 | CUSIP: 61747YEH4<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  19284000 | PA      | $15925825.62  | 0.22%             | 2032-10-20      | Variable      | 2.51%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2006-20B, Class 1          | CUSIP: 83162CQB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     92145 | PA      | $91082.82     | 0.00%             | 2026-02-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2013-20C, Class 1          | CUSIP: 83162CVK6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1201325 | PA      | $1104971.23   | 0.02%             | 2033-03-01      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                        | UBS Group AG                                                                   | CUSIP: 90352JAC7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |  10491000 | PA      | $10101647.41  | 0.14%             | 2028-03-23      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                   | BSPRT Issuer Ltd., Series 2021-FL6, Class B                                    | CUSIP: 05601HAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  15128000 | PA      | $13954702.58  | 0.19%             | 2036-03-15      | Floating      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31416BZK7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40912 | PA      | $42766.35     | 0.00%             | 2038-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132XVEW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    489257 | PA      | $453456.15    | 0.01%             | 2047-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Ltd.                     | Fairfax Financial Holdings Ltd.                                                | CUSIP: 303901BB7<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |  15409000 | PA      | $14966796.68  | 0.21%             | 2028-04-17      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B3G50<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     23812 | PA      | $20152.35     | 0.00%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Allied World Assurance Co. Holdings Ltd.            | Allied World Assurance Co. Holdings Ltd.                                       | CUSIP: 01959EAC2<br>LEI: 549300E2X3MLXVVR4T40 | Long             | DBT              | CORP              | BM        |  13217000 | PA      | $12780850.10  | 0.18%             | 2025-10-29      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EEA4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    978137 | PA      | $913246.58    | 0.01%             | 2037-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31419AT49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    105486 | PA      | $108404.73    | 0.00%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179XDE3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1287747 | PA      | $1278723.89   | 0.02%             | 2052-08-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States of America                            | U.S. Treasury Notes                                                            | CUSIP: 91282CCJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 120000000 | PA      | $108900000.00 | 1.52%             | 2026-06-30      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31419GP24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    225523 | PA      | $229193.73    | 0.00%             | 2040-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2003-20K, Class 1          | CUSIP: 83162CNH2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10887 | PA      | $10799.27     | 0.00%             | 2023-11-01      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EAM2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    106500 | PA      | $89659.65     | 0.00%             | 2052-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QKNN4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  26336720 | PA      | $23144886.73  | 0.32%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31414QTQ0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     38538 | PA      | $39183.61     | 0.00%             | 2038-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XFA92<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  29491645 | PA      | $25871854.22  | 0.36%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36200ENN7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     46474 | PA      | $47469.03     | 0.00%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132D6DE7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     39920 | PA      | $37270.76     | 0.00%             | 2037-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179XHV1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1502963 | PA      | $1382025.24   | 0.02%             | 2052-10-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 31297UKW9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      2272 | PA      | $2316.64      | 0.00%             | 2035-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                   | Philip Morris International, Inc.                                              | CUSIP: 718172CV9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   9958000 | PA      | $10177406.61  | 0.14%             | 2027-11-17      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140GRC69<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    114410 | PA      | $105691.20    | 0.00%             | 2047-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140E7F70<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6509 | PA      | $6354.63      | 0.00%             | 2045-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179XQX7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  14548545 | PA      | $14792678.75  | 0.21%             | 2053-01-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction LLC                        | Sabine Pass Liquefaction LLC                                                   | CUSIP: 785592AU0<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   5255000 | PA      | $5092862.07   | 0.07%             | 2028-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                               | Bank of America Corp.                                                          | CUSIP: 06051GHG7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   8931000 | PA      | $8524566.53   | 0.12%             | 2029-03-05      | Variable      | 3.97%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418ECQ1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4833250 | PA      | $4235408.03   | 0.06%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Brazos Securitization LLC                           | Brazos Securitization LLC                                                      | CUSIP: 106230AC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15634000 | PA      | $16394139.62  | 0.23%             | 2050-09-01      | Fixed         | 5.41%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QPVX2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    141932 | PA      | $132864.17    | 0.00%             | 2037-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 3620A9SS1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    403360 | PA      | $408793.18    | 0.01%             | 2039-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132A5HX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    629441 | PA      | $580434.86    | 0.01%             | 2047-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Voya Ltd.                                           | Voya Ltd., Series 2012-4A, Class C1R3                                          | CUSIP: 92916GBH6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4942894 | PA      | $4621314.26   | 0.06%             | 2030-10-15      | Floating      | 7.38%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140M4DH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6296275 | PA      | $5518571.46   | 0.08%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138ETZD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1978428 | PA      | $2010621.77   | 0.03%             | 2043-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BPCE SA                                             | BPCE SA                                                                        | CUSIP: 05578QAD5<br>LEI: 9695005MSX1OYEMGDF46 | Long             | DBT              | CORP              | FR        |   7743000 | PA      | $7539164.44   | 0.11%             | 2025-03-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140FS5L3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26736 | PA      | $26264.07     | 0.00%             | 2032-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B4H24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    677213 | PA      | $570139.58    | 0.01%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418ECY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  16794632 | PA      | $14549134.68  | 0.20%             | 2042-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                  | Crown Castle, Inc.                                                             | CUSIP: 22822VAU5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   1841000 | PA      | $1316688.21   | 0.02%             | 2051-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BDS Ltd.                                            | BDS Ltd., Series 2019-FL4, Class C                                             | CUSIP: 05492KAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10946500 | PA      | $10718385.89  | 0.15%             | 2036-08-15      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140GQ3F1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      6609 | PA      | $6487.49      | 0.00%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sirius XM Radio, Inc.                               | Sirius XM Radio, Inc.                                                          | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |  15640000 | PA      | $13413333.20  | 0.19%             | 2030-07-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36202FP67<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    401720 | PA      | $399893.69    | 0.01%             | 2041-02-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B0SP9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3576461 | PA      | $3135712.90   | 0.04%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133GHAQ4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  20540567 | PA      | $18715460.13  | 0.26%             | 2037-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Cheniere Corpus Christi Holdings LLC                | Cheniere Corpus Christi Holdings LLC                                           | CUSIP: 16412XAL9<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |  16500000 | PA      | $13523081.55  | 0.19%             | 2039-12-31      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| C-BASS TRUST                                        | C-BASS TRUST, Series 2007-CB1, Class AF3                                       | CUSIP: 1248MGAL8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1131495 | PA      | $360315.23    | 0.01%             | 2037-01-25      | Variable      | 1.45%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MMUJ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    893130 | PA      | $751368.57    | 0.01%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MMKR8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12091842 | PA      | $11017551.07  | 0.15%             | 2037-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities LLC                         | Business Jet Securities LLC, Series 2021-1A, Class B                           | CUSIP: 12327BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1811411 | PA      | $1578123.63   | 0.02%             | 2036-04-15      | Fixed         | 2.92%                 | Yes           |                  2 | On Loan: No      |
| Voya Ltd.                                           | Voya Ltd., Series 2012-4A, Class A2R3                                          | CUSIP: 92916GBF0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8202288 | PA      | $7900919.53   | 0.11%             | 2030-10-15      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36205FWS8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    145956 | PA      | $152740.71    | 0.00%             | 2037-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31410KQ64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     77247 | PA      | $80933.13     | 0.00%             | 2036-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MHS34<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10410490 | PA      | $9224410.85   | 0.13%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FMG Resources August 2006 Pty. Ltd.                 | FMG Resources August 2006 Pty. Ltd.                                            | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |  13770000 | PA      | $12117600.00  | 0.17%             | 2031-04-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418D4F6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    269938 | PA      | $222800.70    | 0.00%             | 2041-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                   | BAT Capital Corp.                                                              | CUSIP: 05526DBW4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |  26499000 | PA      | $24494707.59  | 0.34%             | 2032-03-16      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| FirstEnergy Corp.                                   | FirstEnergy Corp., Series C                                                    | CUSIP: 337932AM9<br>LEI: 549300SVYJS666PQJH88 | Long             | DBT              | CORP              | US        |   9936000 | PA      | $7058633.76   | 0.10%             | 2050-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31419BBY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    870809 | PA      | $884975.64    | 0.01%             | 2041-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MF1 Ltd.                                            | MF1 Ltd., Series 2020-FL4, Class AS                                            | CUSIP: 58003UAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10615000 | PA      | $10601875.61  | 0.15%             | 2035-11-15      | Floating      | 6.70%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | FNMA, Series 2013-1, Class YI                                                  | CUSIP: 3136ABC35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1044502 | PA      | $95720.49     | 0.00%             | 2033-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Indofood CBP Sukses Makmur Tbk. PT                  | Indofood CBP Sukses Makmur Tbk. PT                                             | CUSIP: N/A<br>LEI: 254900YKZW9GRKZZN285       | Long             | DBT              | CORP              | ID        |  22400000 | PA      | $18760000.00  | 0.26%             | 2032-04-27      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31408DV50<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     87256 | PA      | $91053.86     | 0.00%             | 2035-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128PR3G2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     69851 | PA      | $69430.48     | 0.00%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Energean Israel Finance Ltd.                        | Energean Israel Finance Ltd.                                                   | CUSIP: N/A<br>LEI: 98450044QACBL3F8EB03       | Long             | DBT              | CORP              | IL        |  16253000 | PA      | $15176238.75  | 0.21%             | 2026-03-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140H2BN7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    446060 | PA      | $412852.32    | 0.01%             | 2047-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31412XFD1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    250814 | PA      | $264817.94    | 0.00%             | 2037-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EFE5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5833362 | PA      | $5315032.53   | 0.07%             | 2037-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31385W2A6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     21069 | PA      | $21960.89     | 0.00%             | 2033-01-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ACREC Ltd.                                          | ACREC Ltd., Series 2021-FL1, Class D                                           | CUSIP: 00500RAJ4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  13074500 | PA      | $12330670.78  | 0.17%             | 2036-10-16      | Floating      | 7.12%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CRF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1272857 | PA      | $1216526.92   | 0.02%             | 2037-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Raymond James Financial, Inc.                       | Raymond James Financial, Inc.                                                  | CUSIP: 754730AF6<br>LEI: RGUZHJ05YTITL6D76949 | Long             | DBT              | CORP              | US        |  14019000 | PA      | $13516113.10  | 0.19%             | 2046-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | FNMA                                                                           | CUSIP: 31381KYD5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    785481 | PA      | $785554.37    | 0.01%             | 2024-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133D3L45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2125465 | PA      | $1930416.51   | 0.03%             | 2040-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2004-20A, Class 1          | CUSIP: 83162CNM1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     10357 | PA      | $10234.53     | 0.00%             | 2024-01-01      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418D7E6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1136887 | PA      | $958203.35    | 0.01%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust          | JPMBB Commercial Mortgage Securities Trust, Series 2015-C28, Class A4          | CUSIP: 46644FAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  23872958 | PA      | $22768659.42  | 0.32%             | 2048-10-15      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding XXIII Ltd.                     | Madison Park Funding XXIII Ltd., Series 2017-23A, Class CR                     | CUSIP: 55820TAN8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  24271403 | PA      | $23433141.55  | 0.33%             | 2031-07-27      | Floating      | 6.81%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                               | Bank of America Corp., Series FF                                               | CUSIP: 060505FL3<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  13771000 | PA      | $13185732.50  | 0.18%             | 2028-03-15      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QNEW8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    217932 | PA      | $183512.70    | 0.00%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QMCE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    499999 | PA      | $438542.84    | 0.01%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31407FJ92<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     70984 | PA      | $74400.77     | 0.00%             | 2035-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128LXJN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     79385 | PA      | $83315.76     | 0.00%             | 2036-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Loan Obligation Ltd.    | Arbor Realty Collateralized Loan Obligation Ltd., Series 2020-FL1, Class C     | CUSIP: 03880WAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  15774500 | PA      | $15492388.84  | 0.22%             | 2035-02-15      | Floating      | 6.65%                 | Yes           |                  2 | On Loan: No      |
| Northwell Healthcare, Inc.                          | Northwell Healthcare, Inc.                                                     | CUSIP: 667274AA2<br>LEI: 54930073NUTKK4QD3P47 | Long             | DBT              | CORP              | US        |   3110000 | PA      | $2510588.49   | 0.04%             | 2046-11-01      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31417AYG8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1421434 | PA      | $1404363.47   | 0.02%             | 2042-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Marathon Petroleum Corp.                            | Marathon Petroleum Corp.                                                       | CUSIP: 56585AAH5<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |   9202000 | PA      | $8256648.17   | 0.12%             | 2044-09-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132D6B74<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    265562 | PA      | $248189.56    | 0.00%             | 2037-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140J8CF8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4739895 | PA      | $4679081.91   | 0.07%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140F5DA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   5351535 | PA      | $5132829.06   | 0.07%             | 2046-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138EHGM8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    726905 | PA      | $718180.23    | 0.01%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GSK Consumer Healthcare Capital US LLC              | GSK Consumer Healthcare Capital US LLC                                         | CUSIP: 36264FAL5<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |   6859000 | PA      | $6326754.15   | 0.09%             | 2029-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust               | Wells Fargo Commercial Mortgage Trust, Series 2016-LC25, Class A4              | CUSIP: 95000JAV0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  25027917 | PA      | $23935706.21  | 0.33%             | 2059-12-15      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2005-20L, Class 1          | CUSIP: 83162CPY3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     14536 | PA      | $14478.45     | 0.00%             | 2025-12-01      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DWFL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3283702 | PA      | $2876326.51   | 0.04%             | 2052-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EJM3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1899276 | PA      | $1730496.82   | 0.02%             | 2037-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CP57<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23035 | PA      | $21264.96     | 0.00%             | 2047-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138EQ5E8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2748736 | PA      | $2793463.28   | 0.04%             | 2042-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MF1 Ltd.                                            | MF1 Ltd., Series 2022-FL8, Class D                                             | CUSIP: 55284JAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6141972 | PA      | $5726298.69   | 0.08%             | 2037-02-19      | Floating      | 6.96%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179WY85<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4049598 | PA      | $3499633.71   | 0.05%             | 2052-03-20      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36202FPG5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    845756 | PA      | $863141.21    | 0.01%             | 2041-01-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 31297CWY2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     66246 | PA      | $68723.07     | 0.00%             | 2034-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC Multifamily Structured Pass-Through Certificates, Series K066, Class A2  | CUSIP: 3137F2LJ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  17177017 | PA      | $16566559.56  | 0.23%             | 2027-06-25      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 312940BC2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    138256 | PA      | $140863.75    | 0.00%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418ECU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     59673 | PA      | $54224.24     | 0.00%             | 2037-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ERAC USA Finance LLC                                | ERAC USA Finance LLC                                                           | CUSIP: 26882PBE1<br>LEI: LTKX5ODQW6Z7BQ2K1V47 | Long             | DBT              | CORP              | US        |  11601000 | PA      | $13491673.21  | 0.19%             | 2037-10-15      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179XLD6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     78496 | PA      | $72202.90     | 0.00%             | 2052-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Eni SpA                                             | Eni SpA                                                                        | CUSIP: 26874RAJ7<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | DBT              | CORP              | IT        |  13598000 | PA      | $12920157.11  | 0.18%             | 2029-05-09      | Fixed         | 4.25%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                | JPMorgan Chase & Co.                                                           | CUSIP: 46647PBE5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  16953000 | PA      | $14817134.76  | 0.21%             | 2030-10-15      | Variable      | 2.74%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2011-20I, Class 1          | CUSIP: 83162CUG6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1094809 | PA      | $1027961.50   | 0.01%             | 2031-09-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                | JPMorgan Chase & Co.                                                           | CUSIP: 46647PAM8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  18395000 | PA      | $17236622.33  | 0.24%             | 2029-01-23      | Variable      | 3.51%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132D6C65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1311678 | PA      | $1191958.30   | 0.02%             | 2037-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                | JPMorgan Chase & Co.                                                           | CUSIP: 46647PCR5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  29061000 | PA      | $24123515.47  | 0.34%             | 2032-11-08      | Variable      | 2.54%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140FE4G6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3837 | PA      | $3770.67      | 0.00%             | 2047-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Boston Properties LP                                | Boston Properties LP                                                           | CUSIP: 10112RBE3<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |  29885000 | PA      | $23589408.27  | 0.33%             | 2032-04-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B9LB8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     47574 | PA      | $41690.80     | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133KMY58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    953280 | PA      | $835950.30    | 0.01%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31371MCF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     53945 | PA      | $56541.70     | 0.00%             | 2035-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                | LoanCore Issuer Ltd., Series 2019-CRE3, Class AS                               | CUSIP: 53947DAC0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   3796830 | PA      | $3813896.63   | 0.05%             | 2034-04-15      | Floating      | 5.83%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418MUR1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    166698 | PA      | $170094.63    | 0.00%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EE22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3762344 | PA      | $3294690.82   | 0.05%             | 2052-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.                | Mitsubishi UFJ Financial Group, Inc.                                           | CUSIP: 606822BU7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |  31223000 | PA      | $25624186.56  | 0.36%             | 2030-07-17      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133A2EK2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3753428 | PA      | $3488679.34   | 0.05%             | 2050-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Shackleton 2015-VIII CLO Ltd.                       | Shackleton 2015-VIII CLO Ltd., Series 2015-8A, Class CR                        | CUSIP: 81882EAS1<br>LEI: 549300VJPG28RMYCYW83 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1954388.00   | 0.03%             | 2027-10-20      | Floating      | 6.46%                 | Yes           |                  2 | On Loan: No      |
| Time Warner Cable Enterprises LLC                   | Time Warner Cable Enterprises LLC                                              | CUSIP: 88731EAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4688000 | PA      | $5495140.93   | 0.08%             | 2033-07-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Voya Ltd.                                           | Voya Ltd., Series 2012-4A, Class BR3                                           | CUSIP: 92916GBG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3474736 | PA      | $3244729.33   | 0.05%             | 2030-10-15      | Floating      | 6.03%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138WAFE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    696297 | PA      | $671854.18    | 0.01%             | 2028-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2003-20L, Class 1          | CUSIP: 83162CNK5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     13070 | PA      | $12904.00     | 0.00%             | 2023-12-01      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132GRL58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1231960 | PA      | $1190297.58   | 0.02%             | 2042-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MHSV2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2681106 | PA      | $2290339.78   | 0.03%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                      | Broadcom, Inc.                                                                 | CUSIP: 11135FBL4<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  14353000 | PA      | $11900466.72  | 0.17%             | 2034-04-15      | Fixed         | 3.47%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140K8RB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2009029 | PA      | $1777809.08   | 0.02%             | 2050-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Domestic Holdings, Inc.              | Morgan Stanley Domestic Holdings, Inc.                                         | CUSIP: 269246BQ6<br>LEI: 549300RJIC678ZPVWG08 | Long             | DBT              | CORP              | US        |  18580000 | PA      | $18113957.30  | 0.25%             | 2027-08-24      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418DYB2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4438756 | PA      | $3747642.78   | 0.05%             | 2051-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Evergy, Inc.                                        | Evergy, Inc.                                                                   | CUSIP: 30034WAB2<br>LEI: 549300PGTHDQY6PSUI61 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2667893.52   | 0.04%             | 2029-09-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Ownit Mortgage Loan Trust                           | Ownit Mortgage Loan Trust, Series 2006-1, Class AF2                            | CUSIP: 69121PCH4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    485330 | PA      | $282415.12    | 0.00%             | 2035-10-25      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                          | CNH Industrial Capital LLC                                                     | CUSIP: 12592BAJ3<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |   3387000 | PA      | $3356889.57   | 0.05%             | 2024-01-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Jersey Central Power & Light Co.                    | Jersey Central Power & Light Co.                                               | CUSIP: 476556DD4<br>LEI: 549300W9UGH9ZPLNPF79 | Long             | DBT              | CORP              | US        |  21954000 | PA      | $18579417.73  | 0.26%             | 2032-03-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| Calpine Corp.                                       | Calpine Corp.                                                                  | CUSIP: 131347CR5<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |  16125000 | PA      | $13442732.03  | 0.19%             | 2031-03-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| SS&C Technologies, Inc.                             | SS&C Technologies, Inc.                                                        | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |  24371000 | PA      | $23438667.90  | 0.33%             | 2027-09-30      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140HMJY1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     15618 | PA      | $15314.82     | 0.00%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MUP87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    132596 | PA      | $120485.09    | 0.00%             | 2037-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                | Glencore Funding LLC                                                           | CUSIP: 378272BE7<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |  17296000 | PA      | $14813304.14  | 0.21%             | 2031-04-27      | Fixed         | 2.85%                 | Yes           |                  2 | On Loan: No      |
| Parallel Ltd.                                       | Parallel Ltd., Series 2015-1A, Class C1R                                       | CUSIP: 69915VAS9<br>LEI: 549300IVH7GEF68EFD31 | Long             | ABS-CBDO         | CORP              | KY        |   3700000 | PA      | $3650801.10   | 0.05%             | 2027-07-20      | Floating      | 6.56%                 | Yes           |                  2 | On Loan: No      |
| Oracle Corp.                                        | Oracle Corp.                                                                   | CUSIP: 68389XCH6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   7911000 | PA      | $8455704.31   | 0.12%             | 2029-11-09      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                      | Morgan Stanley                                                                 | CUSIP: 6174468L6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   7037000 | PA      | $6106524.51   | 0.09%             | 2031-01-22      | Variable      | 2.70%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EH52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1288011 | PA      | $1173555.58   | 0.02%             | 2037-08-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| United States of America                            | U.S. Treasury Bonds                                                            | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  74100000 | PA      | $51276621.28  | 0.71%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 3620A2UH7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    253405 | PA      | $254706.38    | 0.00%             | 2039-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Bank of America Merrill Lynch Trust  | Morgan Stanley Bank of America Merrill Lynch Trust, Series 2015-C21, Class A4  | CUSIP: 61764XBJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8114737 | PA      | $7777917.80   | 0.11%             | 2048-03-15      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132HNK57<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    166453 | PA      | $156705.45    | 0.00%             | 2042-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JBS USA LUX SA                                      | JBS USA LUX SA                                                                 | CUSIP: 46590XAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  20690000 | PA      | $20105507.50  | 0.28%             | 2030-01-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC             | Volkswagen Group of America Finance LLC                                        | CUSIP: 928668BB7<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1522000 | PA      | $1433742.96   | 0.02%             | 2026-09-26      | Fixed         | 3.20%                 | Yes           |                  2 | On Loan: No      |
| Parallel Ltd.                                       | Parallel Ltd., Series 2015-1A, Class C2R                                       | CUSIP: 69915VAU4<br>LEI: 549300IVH7GEF68EFD31 | Long             | ABS-CBDO         | CORP              | KY        |   3990000 | PA      | $3915889.74   | 0.05%             | 2027-07-20      | Floating      | 6.56%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                               | Bank of America Corp.                                                          | CUSIP: 06051GKD0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  45881000 | PA      | $37936564.00  | 0.53%             | 2032-10-20      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179WR34<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3836777 | PA      | $3538557.82   | 0.05%             | 2051-11-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128M72C9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    182761 | PA      | $191695.26    | 0.00%             | 2038-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XDY67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8207534 | PA      | $7233811.61   | 0.10%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Global Payments, Inc.                               | Global Payments, Inc.                                                          | CUSIP: 37940XAD4<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |  23523000 | PA      | $20188490.08  | 0.28%             | 2030-05-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140N6V82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8798871 | PA      | $9038892.34   | 0.13%             | 2052-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Securitized Term Auto Loan Receivables Trust        | Securitized Term Auto Loan Receivables Trust, Series 2019-CRTA, Class B        | CUSIP: 81379MAB0<br>LEI: 549300DC604TIE09UO03 | Long             | ABS-O            | CORP              | CA        |    967025 | PA      | $962593.60    | 0.01%             | 2026-03-25      | Fixed         | 2.45%                 | Yes           |                  2 | On Loan: No      |
| Verizon Communications, Inc.                        | Verizon Communications, Inc.                                                   | CUSIP: 92343VGJ7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |  26553000 | PA      | $22664219.15  | 0.32%             | 2031-03-21      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31402QYZ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      1002 | PA      | $1048.36      | 0.00%             | 2035-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHCP Ltd.                                           | CHCP Ltd., Series 2021-FL1, Class B                                            | CUSIP: 12546JAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6412000 | PA      | $6079867.38   | 0.08%             | 2038-02-15      | Floating      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140N0CU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    116124 | PA      | $97720.72     | 0.00%             | 2052-07-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133ACNZ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    844549 | PA      | $713356.55    | 0.01%             | 2050-11-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140J5UB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    189574 | PA      | $186226.25    | 0.00%             | 2032-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2012-20H, Class 1          | CUSIP: 83162CUY7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    663337 | PA      | $611930.94    | 0.01%             | 2032-08-01      | Fixed         | 2.37%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                                | American Tower Corp.                                                           | CUSIP: 03027XAP5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   3247000 | PA      | $3066537.52   | 0.04%             | 2027-07-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| AEP Transmission Co. LLC                            | AEP Transmission Co. LLC                                                       | CUSIP: 00115AAF6<br>LEI: 549300X123Z1I0LA3Y84 | Long             | DBT              | CORP              | US        |   7457000 | PA      | $6315485.42   | 0.09%             | 2046-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140Q8DV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    329138 | PA      | $323752.50    | 0.00%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC Multifamily Structured Pass-Through Certificates, Series K060, Class A2  | CUSIP: 3137BTAC5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4957000 | PA      | $4815382.97   | 0.07%             | 2026-10-25      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31385HZC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     26641 | PA      | $27892.14     | 0.00%             | 2031-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133ARQN8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    636816 | PA      | $558504.66    | 0.01%             | 2051-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MHS42<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4510514 | PA      | $3980492.34   | 0.06%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31415MM51<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    427755 | PA      | $449450.25    | 0.01%             | 2038-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Toledo Hospital (The)                               | Toledo Hospital (The)                                                          | CUSIP: 889184AD9<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |   9026000 | PA      | $9086037.07   | 0.13%             | 2038-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                   | Wells Fargo & Co.                                                              | CUSIP: 95000U2J1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |  45462000 | PA      | $39178313.74  | 0.55%             | 2031-02-11      | Variable      | 2.57%                 | No            |                  2 | On Loan: No      |
| GMACM Home Equity Loan Trust                        | GMACM Home Equity Loan Trust, Series 2006-HE3, Class A3                        | CUSIP: 38012TAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     96589 | PA      | $95595.95     | 0.00%             | 2036-10-25      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138LQ2S2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    779886 | PA      | $770359.93    | 0.01%             | 2042-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140H3P59<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    288028 | PA      | $265094.06    | 0.00%             | 2047-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.      | Arbor Realty Commercial Real Estate Notes Ltd., Series 2019-FL2, Class B       | CUSIP: 03880VAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3215500 | PA      | $3106816.10   | 0.04%             | 2034-09-15      | Floating      | 6.34%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CM84<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     56859 | PA      | $52584.80     | 0.00%             | 2047-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TransDigm, Inc.                                     | TransDigm, Inc.                                                                | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  24233000 | PA      | $21862043.28  | 0.30%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO XVI-S Ltd.                     | Neuberger Berman CLO XVI-S Ltd., Series 2017-16SA, Class BR                    | CUSIP: 64131TAQ7<br>LEI: 549300UHUHCR3388B324 | Long             | ABS-CBDO         | CORP              | KY        |  20000000 | PA      | $19520220.00  | 0.27%             | 2034-04-15      | Floating      | 6.19%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31419FG83<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1244370 | PA      | $1229426.91   | 0.02%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132WJUV1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2674095 | PA      | $2559879.34   | 0.04%             | 2046-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Barings CLO Ltd.                                    | Barings CLO Ltd., Series 2013-IA, Class BR                                     | CUSIP: 06760EAC0<br>LEI: 54930079SUKCXYW8DR07 | Long             | ABS-CBDO         | CORP              | KY        |  23804982 | PA      | $23512789.82  | 0.33%             | 2028-01-20      | Floating      | 6.06%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B0SS3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3338397 | PA      | $2813716.56   | 0.04%             | 2051-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JPMBB Commercial Mortgage Securities Trust          | JPMBB Commercial Mortgage Securities Trust, Series 2014-C26, Class A4          | CUSIP: 46643TBJ0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13025174 | PA      | $12549916.66  | 0.17%             | 2048-01-15      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| Stellantis Finance US, Inc.                         | Stellantis Finance US, Inc.                                                    | CUSIP: 85855CAB6<br>LEI: 549300QZ0AI8Q7LNON33 | Long             | DBT              | CORP              | US        |  14723000 | PA      | $11866257.15  | 0.17%             | 2031-09-15      | Fixed         | 2.69%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133KM4Q5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     41854 | PA      | $36694.54     | 0.00%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31416BLD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    999718 | PA      | $1047004.54   | 0.01%             | 2037-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133WJZT9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     45512 | PA      | $42593.60     | 0.00%             | 2037-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Bangkok Bank PCL                                    | Bangkok Bank PCL                                                               | CUSIP: 059895AT9<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |  17102000 | PA      | $15022738.16  | 0.21%             | 2034-09-25      | Variable      | 3.73%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132J93Z9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    488465 | PA      | $459858.67    | 0.01%             | 2043-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.      | Arbor Realty Commercial Real Estate Notes Ltd., Series 2019-FL2, Class AS      | CUSIP: 03880VAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4019500 | PA      | $3984791.62   | 0.06%             | 2034-09-15      | Floating      | 6.04%                 | Yes           |                  2 | On Loan: No      |
| Morgan Stanley Domestic Holdings, Inc.              | Morgan Stanley Domestic Holdings, Inc.                                         | CUSIP: 269246BS2<br>LEI: 549300RJIC678ZPVWG08 | Long             | DBT              | CORP              | US        |   8585000 | PA      | $8568334.28   | 0.12%             | 2028-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP               | Toll Road Investors Partnership II LP                                          | CUSIP: 88948ABE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15190000 | PA      | $9923466.90   | 0.14%             | 2029-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140N6W73<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1141193 | PA      | $1159873.88   | 0.02%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SBA Communications Corp.                            | SBA Communications Corp.                                                       | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |  17490000 | PA      | $14817221.93  | 0.21%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138WHNH1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3085625 | PA      | $2949740.95   | 0.04%             | 2046-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                        | Verizon Communications, Inc.                                                   | CUSIP: 92343VCV4<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   9727000 | PA      | $9107716.44   | 0.13%             | 2036-01-15      | Fixed         | 4.27%                 | No            |                  2 | On Loan: No      |
| United States of America                            | U.S. Treasury Bonds                                                            | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  29323000 | PA      | $23656559.26  | 0.33%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States of America                            | U.S. Treasury Bonds                                                            | CUSIP: 912810TF5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  61700000 | PA      | $49914336.25  | 0.70%             | 2042-02-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128M9BH4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    711871 | PA      | $733696.44    | 0.01%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ready Capital Mortgage Financing LLC                | Ready Capital Mortgage Financing LLC, Series 2021-FL7, Class C                 | CUSIP: 75575WAG1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5795000 | PA      | $5453810.10   | 0.08%             | 2036-11-25      | Floating      | 6.71%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132A5H73<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    102646 | PA      | $94594.79     | 0.00%             | 2048-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CZH0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1047264 | PA      | $1024181.57   | 0.01%             | 2048-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36296YGA4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    138753 | PA      | $139821.01    | 0.00%             | 2040-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138ETEE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2521852 | PA      | $2562872.47   | 0.04%             | 2044-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140KFYV1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    703410 | PA      | $629234.51    | 0.01%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128MAAK5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1642547 | PA      | $1670976.71   | 0.02%             | 2042-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138WHVK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1686599 | PA      | $1502494.01   | 0.02%             | 2046-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co., Inc.                   | American Electric Power Co., Inc.                                              | CUSIP: 025537AW1<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |  13723000 | PA      | $14749027.68  | 0.21%             | 2032-11-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                        | Avolon Holdings Funding Ltd.                                                   | CUSIP: 05401AAR2<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |   5071000 | PA      | $4376286.03   | 0.06%             | 2027-11-18      | Fixed         | 2.53%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QNEU2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     92505 | PA      | $77894.02     | 0.00%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                | JPMorgan Chase & Co.                                                           | CUSIP: 46647PAV8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   9246000 | PA      | $8921238.41   | 0.12%             | 2029-07-23      | Variable      | 4.20%                 | No            |                  2 | On Loan: No      |
| Discover Financial Services                         | Discover Financial Services                                                    | CUSIP: 254709AS7<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |  34164000 | PA      | $36469489.55  | 0.51%             | 2032-11-29      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | FNMA, Series 2016-19, Class AD                                                 | CUSIP: 3136ARB31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    751839 | PA      | $689062.51    | 0.01%             | 2046-04-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140H2B64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     49807 | PA      | $45856.77     | 0.00%             | 2047-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36177T4M6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    303908 | PA      | $294721.88    | 0.00%             | 2042-04-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132GVCM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1784813 | PA      | $1724447.02   | 0.02%             | 2042-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2013-20D, Class 1          | CUSIP: 83162CVL4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2206944 | PA      | $2026857.29   | 0.03%             | 2033-04-01      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31368HMH3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     97385 | PA      | $100081.83    | 0.00%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners LP                         | Cheniere Energy Partners LP                                                    | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |  13412000 | PA      | $12582065.44  | 0.18%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA, Series 2011-123, Class MA                                                | CUSIP: 38377YEC0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    643990 | PA      | $638784.98    | 0.01%             | 2041-07-20      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Organon & Co.                                       | Organon & Co.                                                                  | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  16685000 | PA      | $15090748.25  | 0.21%             | 2028-04-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128MJBX7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     25480 | PA      | $26679.93     | 0.00%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| STWD Ltd.                                           | STWD Ltd., Series 2022-FL3, Class B                                            | CUSIP: 78485KAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6082500 | PA      | $5794155.44   | 0.08%             | 2038-11-15      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| Corebridge Financial, Inc.                          | Corebridge Financial, Inc.                                                     | CUSIP: 21871XAG4<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |  15987000 | PA      | $14561581.65  | 0.20%             | 2032-04-05      | Fixed         | 3.90%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XG5G0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $438689.77    | 0.01%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CXN9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7523 | PA      | $7391.67      | 0.00%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                    | Boeing Co. (The)                                                               | CUSIP: 097023CY9<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   7084000 | PA      | $7140068.16   | 0.10%             | 2030-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138E2LH6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2063196 | PA      | $1991390.12   | 0.03%             | 2042-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 3620AMF80<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    320387 | PA      | $324954.35    | 0.00%             | 2040-07-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                           | HCA, Inc.                                                                      | CUSIP: 404119BX6<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  14251000 | PA      | $13545917.38  | 0.19%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd.                                           | BXMT Ltd., Series 2020-FL2, Class B                                            | CUSIP: 12434LAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   6104500 | PA      | $5772512.87   | 0.08%             | 2038-02-15      | Floating      | 6.00%                 | Yes           |                  2 | On Loan: No      |
| JPMDB Commercial Mortgage Securities Trust          | JPMDB Commercial Mortgage Securities Trust, Series 2017-C7, Class A5           | CUSIP: 46648KAU0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  11500000 | PA      | $10826027.55  | 0.15%             | 2050-10-15      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QQSD8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     49690 | PA      | $45166.87     | 0.00%             | 2052-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QNYG1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9909228 | PA      | $9007152.04   | 0.13%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                        | Avolon Holdings Funding Ltd.                                                   | CUSIP: 05401AAF8<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |  12497000 | PA      | $12109761.58  | 0.17%             | 2024-07-01      | Fixed         | 3.95%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128MJXK1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2869269 | PA      | $2749950.66   | 0.04%             | 2045-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CCO Holdings LLC                                    | CCO Holdings LLC                                                               | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17665000 | PA      | $15094035.90  | 0.21%             | 2030-08-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| United States of America                            | U.S. Treasury Bonds                                                            | CUSIP: 912810SK5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  34500000 | PA      | $26833183.68  | 0.37%             | 2049-11-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| BANK                                                | BANK, Series 2019-BN17, Class AS                                               | CUSIP: 065403BF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5000000 | PA      | $4641934.00   | 0.06%             | 2052-04-15      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| HCA, Inc.                                           | HCA, Inc.                                                                      | CUSIP: 404119CG2<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   9681000 | PA      | $8165655.53   | 0.11%             | 2052-03-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| CLNC Ltd.                                           | CLNC Ltd., Series 2019-FL1, Class B                                            | CUSIP: 12565DAE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   6270000 | PA      | $6024623.55   | 0.08%             | 2035-08-20      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140Q8AF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2655470 | PA      | $2557546.85   | 0.04%             | 2047-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC Multifamily Structured Pass-Through Certificates, Series K033, Class A2  | CUSIP: 3137B4WB8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1328995 | PA      | $1317055.97   | 0.02%             | 2023-07-25      | Variable      | 3.06%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140FTG21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    594124 | PA      | $583589.98    | 0.01%             | 2032-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Preferred Term Securities XIX Ltd.                  | Preferred Term Securities XIX Ltd.                                             | CUSIP: 74042HAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2259070 | PA      | $2022093.14   | 0.03%             | 2035-12-22      | Floating      | 5.12%                 | Yes           |                  2 | On Loan: No      |
| HSBC Holdings plc                                   | HSBC Holdings plc                                                              | CUSIP: 404280CQ0<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |  25500000 | PA      | $21617625.00  | 0.30%             | 2031-03-09      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Ambac Assurance Corp.                               | Ambac Assurance Corp.                                                          | CUSIP: 023138AA8<br>LEI: 549300RYYRVPPB8NC636 | Long             | DBT              | CORP              | US        |     13854 | PA      | $20157.19     | 0.00%             | 2049-12-31      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                | JPMorgan Chase & Co.                                                           | CUSIP: 46647PBP0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   7484000 | PA      | $6492756.70   | 0.09%             | 2031-05-13      | Variable      | 2.96%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 31297VPS1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    123743 | PA      | $127303.43    | 0.00%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAT International Finance plc                       | BAT International Finance plc                                                  | CUSIP: 05530QAP5<br>LEI: 21380041YBGOQDFAC823 | Long             | DBT              | CORP              | GB        |  23935000 | PA      | $22908096.59  | 0.32%             | 2028-03-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31371MEQ6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     32160 | PA      | $33707.86     | 0.00%             | 2035-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QN7M8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3923698 | PA      | $3680235.57   | 0.05%             | 2052-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140FRN92<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    649178 | PA      | $599907.50    | 0.01%             | 2047-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128M7U38<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     44382 | PA      | $45444.89     | 0.00%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128PRY29<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     75111 | PA      | $76035.81     | 0.00%             | 2025-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                | JPMorgan Chase & Co.                                                           | CUSIP: 46647PAR7<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  28117000 | PA      | $26957594.10  | 0.38%             | 2029-04-23      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140K4M72<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1078033 | PA      | $953938.57    | 0.01%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138EPPA6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    392882 | PA      | $410896.37    | 0.01%             | 2038-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2013-20G, Class 1          | CUSIP: 83162CVR1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3043585 | PA      | $2917398.02   | 0.04%             | 2033-07-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140E0E35<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    924734 | PA      | $886350.13    | 0.01%             | 2045-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132A5H32<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    930426 | PA      | $857986.50    | 0.01%             | 2048-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                 | U.S. Treasury Ultra Bond                                                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      2392 | NC      | $14468115.63  | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140H3ZU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     56865 | PA      | $52390.43     | 0.00%             | 2047-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133BQ3G9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    249990 | PA      | $210231.50    | 0.00%             | 2052-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                   | BSPRT Issuer Ltd., Series 2019-FL5, Class C                                    | CUSIP: 05587TAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   9385000 | PA      | $9155339.67   | 0.13%             | 2029-05-15      | Floating      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DWFS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  12758980 | PA      | $12967841.75  | 0.18%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MRGS0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    193477 | PA      | $181119.24    | 0.00%             | 2037-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EBJ8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  15843082 | PA      | $13778029.87  | 0.19%             | 2042-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Toledo Hospital (The)                               | Toledo Hospital (The), Series B                                                | CUSIP: 889184AC1<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |  23983000 | PA      | $19566658.14  | 0.27%             | 2028-11-15      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 31297LBG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     67949 | PA      | $71151.45     | 0.00%             | 2035-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alcon Finance Corp.                                 | Alcon Finance Corp.                                                            | CUSIP: 01400EAB9<br>LEI: 549300CUZUI9VU7XNK42 | Long             | DBT              | CORP              | US        |  11067000 | PA      | $9886382.07   | 0.14%             | 2029-09-23      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QKQL5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3242590 | PA      | $2855026.08   | 0.04%             | 2051-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36177MPD8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    581212 | PA      | $563568.17    | 0.01%             | 2042-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140KHW31<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1615881 | PA      | $1451736.80   | 0.02%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138EQ7L0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1410214 | PA      | $1393287.83   | 0.02%             | 2043-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36295NG27<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     72918 | PA      | $75800.16     | 0.00%             | 2038-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                 | U.S. Treasury 2 Year Note                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      2082 | NC      | $1495625.52   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                                      | Broadcom, Inc.                                                                 | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  12031000 | PA      | $11042810.11  | 0.15%             | 2037-05-15      | Fixed         | 4.93%                 | Yes           |                  2 | On Loan: No      |
| Ready Capital Mortgage Financing LLC                | Ready Capital Mortgage Financing LLC, Series 2021-FL7, Class D                 | CUSIP: 75575WAJ5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6825000 | PA      | $6305399.10   | 0.09%             | 2036-11-25      | Floating      | 7.46%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QNQH8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  12144417 | PA      | $10219638.34  | 0.14%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.      | Arbor Realty Commercial Real Estate Notes Ltd., Series 2022-FL1, Class D       | CUSIP: 03880XAJ5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  40620500 | PA      | $38208815.63  | 0.53%             | 2037-01-15      | Floating      | 7.28%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128M9T51<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1771684 | PA      | $1752192.08   | 0.02%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31410K6E9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     10694 | PA      | $10869.11     | 0.00%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138W9A75<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    571471 | PA      | $563195.08    | 0.01%             | 2043-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B5N24<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2051426 | PA      | $1735585.96   | 0.02%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                            | Lloyds Banking Group plc                                                       | CUSIP: 53944YAD5<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   3975000 | PA      | $3786159.68   | 0.05%             | 2027-01-11      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 31335ALX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2712541 | PA      | $2759504.24   | 0.04%             | 2042-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UBS Group AG                                        | UBS Group AG                                                                   | CUSIP: 90351DAB3<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   6610000 | PA      | $6474478.67   | 0.09%             | 2025-09-24      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| NiSource, Inc.                                      | NiSource, Inc.                                                                 | CUSIP: 65473PAJ4<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |  16331000 | PA      | $15103648.10  | 0.21%             | 2030-05-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                         | AREIT Trust, Series 2019-CRE3, Class C                                         | CUSIP: 00217LAG7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6751000 | PA      | $6406253.43   | 0.09%             | 2036-09-14      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| Prosus NV                                           | Prosus NV                                                                      | CUSIP: 74365PAA6<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |  17751000 | PA      | $15354606.30  | 0.21%             | 2030-01-21      | Fixed         | 3.68%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179SLR6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1396581 | PA      | $1304256.39   | 0.02%             | 2046-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133ARXZ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     98818 | PA      | $87236.45     | 0.00%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                               | Targa Resources Corp.                                                          | CUSIP: 87612GAC5<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |  18189000 | PA      | $18974181.66  | 0.26%             | 2033-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC Multifamily Structured Pass-Through Certificates, Series K034, Class A2  | CUSIP: 3137B5JM6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2797478 | PA      | $2774879.37   | 0.04%             | 2023-07-25      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| Dell International LLC                              | Dell International LLC                                                         | CUSIP: 24703TAG1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  26757000 | PA      | $27011168.22  | 0.38%             | 2029-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CUB8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      4521 | PA      | $4405.26      | 0.00%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QNCA8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    216499 | PA      | $182250.16    | 0.00%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd.                     | Palmer Square Loan Funding Ltd., Series 2020-1A, Class B                       | CUSIP: 69701EAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  11690351 | PA      | $11528240.90  | 0.16%             | 2028-02-20      | Floating      | 6.58%                 | Yes           |                  2 | On Loan: No      |
| HCA, Inc.                                           | HCA, Inc.                                                                      | CUSIP: 404119CM9<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  14385000 | PA      | $12235993.20  | 0.17%             | 2042-03-15      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| CSC Holdings LLC                                    | CSC Holdings LLC                                                               | CUSIP: 126307BH9<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  16620000 | PA      | $12240297.60  | 0.17%             | 2031-11-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                                 | Kinder Morgan, Inc.                                                            | CUSIP: 28368EAE6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   7347000 | PA      | $8537135.68   | 0.12%             | 2032-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC Multifamily Structured Pass-Through Certificates, Series K098, Class X1  | CUSIP: 3137FPHM0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  22309831 | PA      | $1332874.09   | 0.02%             | 2029-08-25      | Variable      | 1.14%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31385XF85<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47489 | PA      | $49530.61     | 0.00%             | 2033-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Anglo American Capital plc                          | Anglo American Capital plc                                                     | CUSIP: 034863BA7<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |  12521000 | PA      | $10754457.56  | 0.15%             | 2031-03-17      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| ACREC Ltd.                                          | ACREC Ltd., Series 2021-FL1, Class C                                           | CUSIP: 00500RAG0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10841500 | PA      | $10347379.12  | 0.14%             | 2036-10-16      | Floating      | 6.62%                 | Yes           |                  2 | On Loan: No      |
| Rogers Communications, Inc.                         | Rogers Communications, Inc.                                                    | CUSIP: 775109BZ3<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |  27147000 | PA      | $23615731.00  | 0.33%             | 2042-03-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2013-20F, Class 1          | CUSIP: 83162CVP5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2404049 | PA      | $2224410.13   | 0.03%             | 2033-06-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| United States of America                            | U.S. Treasury Notes                                                            | CUSIP: 91282CFN6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 396000000 | PA      | $395102814.48 | 5.51%             | 2024-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MHHZ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    821736 | PA      | $720047.08    | 0.01%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B77K8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   9793903 | PA      | $8901540.27   | 0.12%             | 2052-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities LLC                         | Business Jet Securities LLC, Series 2020-1A, Class A                           | CUSIP: 12327FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3262024 | PA      | $2993004.42   | 0.04%             | 2035-11-15      | Fixed         | 2.98%                 | Yes           |                  2 | On Loan: No      |
| Boeing Co. (The)                                    | Boeing Co. (The)                                                               | CUSIP: 097023DG7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  26637000 | PA      | $24626652.07  | 0.34%             | 2026-02-04      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| Thornburg Mortgage Securities Trust                 | Thornburg Mortgage Securities Trust, Series 2003-2, Class A1                   | CUSIP: 885220DC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |       477 | PA      | $474.42       | 0.00%             | 2043-04-25      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd.                                           | BXMT Ltd., Series 2021-FL4, Class B                                            | CUSIP: 05609GAE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |  38262000 | PA      | $35542539.83  | 0.50%             | 2038-05-15      | Floating      | 6.01%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | FNMA ACES, Series 2017-M4, Class A2                                            | CUSIP: 3136AVY52<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8258237 | PA      | $7738094.57   | 0.11%             | 2026-12-25      | Variable      | 2.55%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                           | Commercial Mortgage Trust, Series 2015-DC1, Class A5                           | CUSIP: 12629NAF2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9577577 | PA      | $9224779.29   | 0.13%             | 2048-02-10      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC, Series 4471, Class PI                                                   | CUSIP: 3137BJGN7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    197342 | PA      | $17393.46     | 0.00%             | 2040-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133BBTB5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6482410 | PA      | $5451461.50   | 0.08%             | 2052-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B66H8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    494309 | PA      | $433397.68    | 0.01%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Anglo American Capital plc                          | Anglo American Capital plc                                                     | CUSIP: 034863AZ3<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |  10712000 | PA      | $9370967.61   | 0.13%             | 2028-03-17      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Novelis Corp.                                       | Novelis Corp.                                                                  | CUSIP: 670001AG1<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |   3169000 | PA      | $2868959.08   | 0.04%             | 2026-11-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Venture Global Calcasieu Pass LLC                   | Venture Global Calcasieu Pass LLC                                              | CUSIP: 92328MAE3<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |  19620000 | PA      | $19988463.60  | 0.28%             | 2030-01-15      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                       | UMBS, 30 Year, Single Family                                                   | CUSIP: 01F050643<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  21475000 | PA      | $21527009.44  | 0.30%             | 2053-04-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                         | AREIT Trust, Series 2019-CRE3, Class D                                         | CUSIP: 00217LAJ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6243500 | PA      | $5833620.47   | 0.08%             | 2036-09-14      | Floating      | 7.25%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MNA48<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2482255 | PA      | $2175073.36   | 0.03%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138EKBW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    789455 | PA      | $811360.19    | 0.01%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Global Payments, Inc.                               | Global Payments, Inc.                                                          | CUSIP: 37940XAH5<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   6885000 | PA      | $5735937.29   | 0.08%             | 2031-11-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140H2AY4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    208886 | PA      | $192252.11    | 0.00%             | 2047-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Commercial Mortgage Securities Trust | JPMorgan Chase Commercial Mortgage Securities Trust, Series 2005-LDP2, Class H | CUSIP: 46625YNY5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    390388 | PA      | $317112.70    | 0.00%             | 2042-07-15      | Variable      | 5.71%                 | Yes           |                  2 | On Loan: No      |
| Energy Transfer LP                                  | Energy Transfer LP                                                             | CUSIP: 29273VAP5<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   5763000 | PA      | $5856533.49   | 0.08%             | 2028-02-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132GETS9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    248314 | PA      | $252618.57    | 0.00%             | 2041-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC Multifamily Structured Pass-Through Certificates, Series K035, Class A2  | CUSIP: 3137B5KW2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8724325 | PA      | $8648771.93   | 0.12%             | 2023-08-25      | Variable      | 3.46%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31408H3H6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    136918 | PA      | $144559.24    | 0.00%             | 2036-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140LQPU8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3033713 | PA      | $2756664.28   | 0.04%             | 2037-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                      | Morgan Stanley                                                                 | CUSIP: 61761J3R8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  12844000 | PA      | $12172999.64  | 0.17%             | 2026-07-27      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| EQT Corp.                                           | EQT Corp.                                                                      | CUSIP: 26884LAL3<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   5901000 | PA      | $5720252.37   | 0.08%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Standard Industries, Inc.                           | Standard Industries, Inc.                                                      | CUSIP: 853496AH0<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |  15475000 | PA      | $12290520.46  | 0.17%             | 2031-01-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 21H060622<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4625000 | PA      | $4739902.34   | 0.07%             | 2053-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACRES Commercial Realty Ltd.                        | ACRES Commercial Realty Ltd., Series 2021-FL2, Class C                         | CUSIP: 00500JAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |  13618500 | PA      | $12873094.13  | 0.18%             | 2037-01-15      | Floating      | 7.11%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140JHKQ5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3967 | PA      | $3891.95      | 0.00%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XFTC5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    593650 | PA      | $520364.67    | 0.01%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128M8RP1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    408886 | PA      | $421426.41    | 0.01%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.      | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL1, Class D       | CUSIP: 03881CAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3420500 | PA      | $3190743.65   | 0.04%             | 2035-12-15      | Floating      | 7.37%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138ERQU7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    486457 | PA      | $473751.44    | 0.01%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp. (The)                          | Charles Schwab Corp. (The), Series K                                           | CUSIP: 808513CB9<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |  26796000 | PA      | $25858140.00  | 0.36%             | 2027-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DWC68<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  17250925 | PA      | $14518554.99  | 0.20%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage Trust                 | Citigroup Commercial Mortgage Trust, Series 2016-P6, Class A5                  | CUSIP: 17291EAW1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5948000 | PA      | $5677061.46   | 0.08%             | 2049-12-10      | Variable      | 3.72%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 31296L3U3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     28632 | PA      | $29912.47     | 0.00%             | 2033-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140J8CA9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     30291 | PA      | $28490.16     | 0.00%             | 2045-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132D6B33<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3878985 | PA      | $3534309.39   | 0.05%             | 2037-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31411CKK6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     69745 | PA      | $72023.76     | 0.00%             | 2036-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                               | Bank of America Corp.                                                          | CUSIP: 06051GHZ5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  39891000 | PA      | $33932296.24  | 0.47%             | 2031-02-13      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140N5FK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4973994 | PA      | $5055416.70   | 0.07%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133AUTS7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1996477 | PA      | $1750200.27   | 0.02%             | 2051-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EJT8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    982786 | PA      | $920010.80    | 0.01%             | 2037-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31404W5H5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2820 | PA      | $2902.54      | 0.00%             | 2034-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B8CJ3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8203476 | PA      | $7192343.62   | 0.10%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QEAV4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2578057 | PA      | $2299569.65   | 0.03%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140HF7H6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    656018 | PA      | $586825.36    | 0.01%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| EQT Corp.                                           | EQT Corp.                                                                      | CUSIP: 26884LAF6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |  10583000 | PA      | $10039880.44  | 0.14%             | 2027-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Boeing Co. (The)                                    | Boeing Co. (The)                                                               | CUSIP: 097023CV5<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |   6632000 | PA      | $6786250.70   | 0.09%             | 2040-05-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QFA66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   7899021 | PA      | $7080033.32   | 0.10%             | 2050-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA, Series 2012-12, Class KN                                                 | CUSIP: 38378CP92<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    429383 | PA      | $424368.16    | 0.01%             | 2041-09-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortgage Loan Trust         | MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL5, Class C          | CUSIP: 55282XAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10670500 | PA      | $9958948.38   | 0.14%             | 2036-07-15      | Floating      | 6.30%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140JPLF0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2627760 | PA      | $2537249.54   | 0.04%             | 2049-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DNGG2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     48361 | PA      | $42554.19     | 0.00%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                 | U.S. Treasury 10 Year Ultra Note                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -1466 | NC      | $-1991627.04  | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Meituan                                             | Meituan                                                                        | CUSIP: N/A<br>LEI: 21380033K525E5JLIA77       | Long             | DBT              | CORP              | KY        |  10995000 | PA      | $8947640.40   | 0.12%             | 2030-10-28      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140FDVW3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2994182 | PA      | $2782627.99   | 0.04%             | 2046-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B7UB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  14417064 | PA      | $12633890.05  | 0.18%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Ltd.                     | Fairfax Financial Holdings Ltd.                                                | CUSIP: 303901BK7<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |  16523000 | PA      | $16082576.30  | 0.22%             | 2032-08-16      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140EWZG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     60399 | PA      | $59486.95     | 0.00%             | 2046-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BBCMS Mortgage Trust                                | BBCMS Mortgage Trust, Series 2022-C18, Class AS                                | CUSIP: 054975AJ6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  10215909 | PA      | $10961932.91  | 0.15%             | 2055-12-15      | Variable      | 6.15%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31410GBE2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    275502 | PA      | $288874.94    | 0.00%             | 2036-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PFP Ltd.                                            | PFP Ltd., Series 2021-7, Class C                                               | CUSIP: 69290LAG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   6776662 | PA      | $6306253.07   | 0.09%             | 2038-04-14      | Floating      | 6.10%                 | Yes           |                  2 | On Loan: No      |
| Fairfax Financial Holdings Ltd.                     | Fairfax Financial Holdings Ltd.                                                | CUSIP: 303901BJ0<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | CA        |   7257000 | PA      | $6171468.55   | 0.09%             | 2031-03-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                          | AT&T, Inc.                                                                     | CUSIP: 00206RLJ9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |  19066000 | PA      | $13950257.40  | 0.19%             | 2055-09-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Allegro CLO II-S Ltd.                               | Allegro CLO II-S Ltd., Series 2014-1RA, Class A2                               | CUSIP: 01751EAE8<br>LEI: 635400R1GOVCHJ4SNX58 | Long             | ABS-CBDO         | CORP              | KY        |  14107464 | PA      | $13941151.11  | 0.19%             | 2028-10-21      | Floating      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | FNMA, Series 2016-40, Class IQ                                                 | CUSIP: 3136ASG67<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1329043 | PA      | $251524.92    | 0.00%             | 2046-07-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                | LoanCore Issuer Ltd., Series 2018-CRE1, Class AS                               | CUSIP: 53946MAC1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  12838364 | PA      | $12789359.85  | 0.18%             | 2028-05-15      | Floating      | 5.96%                 | Yes           |                  2 | On Loan: No      |
| Bank of America Corp.                               | Bank of America Corp.                                                          | CUSIP: 06051GHD4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   7070000 | PA      | $6612462.12   | 0.09%             | 2028-12-20      | Variable      | 3.42%                 | No            |                  2 | On Loan: No      |
| Carrier Global Corp.                                | Carrier Global Corp.                                                           | CUSIP: 14448CAS3<br>LEI: 549300JE3W6CWY2NAN77 | Long             | DBT              | CORP              | US        |  16540000 | PA      | $12878712.22  | 0.18%             | 2050-04-05      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 3620ALQ49<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    418991 | PA      | $423859.45    | 0.01%             | 2040-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133KMUU7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    986561 | PA      | $865525.54    | 0.01%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31371LTU3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    122042 | PA      | $127587.40    | 0.00%             | 2034-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B93H5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     54598 | PA      | $47852.55     | 0.00%             | 2052-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC Multifamily Structured Pass-Through Certificates, Series K042, Class A2  | CUSIP: 3137BFXT3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4982063 | PA      | $4814684.12   | 0.07%             | 2024-12-25      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| BDS Ltd.                                            | BDS Ltd., Series 2019-FL4, Class A                                             | CUSIP: 05492KAA7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    288121 | PA      | $287308.70    | 0.00%             | 2036-08-15      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 312934RV6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    257705 | PA      | $265139.78    | 0.00%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QMZY3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1924891 | PA      | $1687417.18   | 0.02%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2013-20A, Class 1          | CUSIP: 83162CVG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1295723 | PA      | $1188399.55   | 0.02%             | 2033-01-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| OneMain Financial Issuance Trust                    | OneMain Financial Issuance Trust, Series 2022-3A, Class A                      | CUSIP: 68269PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  15058000 | PA      | $15188720.00  | 0.21%             | 2034-05-15      | Fixed         | 5.94%                 | Yes           |                  2 | On Loan: No      |
| Time Warner Cable LLC                               | Time Warner Cable LLC                                                          | CUSIP: 88732JBD9<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |   9503000 | PA      | $7558246.97   | 0.11%             | 2042-09-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia (The)               | School District of Philadelphia (The)                                          | CUSIP: 717883TZ5<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   4260000 | PA      | $4941080.28   | 0.07%             | 2040-06-01      | Fixed         | 6.76%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133KNEG4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   8122788 | PA      | $7159095.19   | 0.10%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31416BW87<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    533888 | PA      | $540079.57    | 0.01%             | 2034-03-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2005-20F, Class 1          | CUSIP: 83162CPP2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     68839 | PA      | $68447.00     | 0.00%             | 2025-06-01      | Fixed         | 4.57%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                | Charter Communications Operating LLC                                           | CUSIP: 161175AZ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6428000 | PA      | $6574086.07   | 0.09%             | 2035-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CLNC Ltd.                                           | CLNC Ltd., Series 2019-FL1, Class C                                            | CUSIP: 12565DAG8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  10190000 | PA      | $9564598.94   | 0.13%             | 2035-08-20      | Floating      | 7.00%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140KE2N7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    661831 | PA      | $592023.35    | 0.01%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust                        | GS Mortgage Securities Trust, Series 2015-GC30, Class A4                       | CUSIP: 36250GAP0<br>LEI: 549300L45M7638EL0H21 | Long             | ABS-MBS          | CORP              | US        |  11461699 | PA      | $10999642.38  | 0.15%             | 2050-05-10      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133BCZM2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     25883 | PA      | $22675.02     | 0.00%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140FH6C6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    600471 | PA      | $537876.52    | 0.01%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179XDF0<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   8086159 | PA      | $8144292.51   | 0.11%             | 2052-08-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132A5HP3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    412624 | PA      | $380882.86    | 0.01%             | 2047-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31417F3J5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1765120 | PA      | $1702184.57   | 0.02%             | 2043-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                 | U.S. Treasury 5 Year Note                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      3692 | NC      | $4428830.90   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140H3ZK5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      7393 | PA      | $6827.52      | 0.00%             | 2047-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2005-20I, Class 1          | CUSIP: 83162CPU1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    270460 | PA      | $263562.58    | 0.00%             | 2025-09-01      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EB82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  29641904 | PA      | $24933744.98  | 0.35%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133A62T7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    156941 | PA      | $145108.15    | 0.00%             | 2050-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B6C99<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5571422 | PA      | $4690499.33   | 0.07%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140H9KU6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      3638 | PA      | $3567.66      | 0.00%             | 2048-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                            | Electricite de France SA                                                       | CUSIP: 268317AV6<br>LEI: 549300X3UK4GG3FNMO06 | Long             | DBT              | NUSS              | FR        |   6911000 | PA      | $6099932.50   | 0.09%             | 2038-09-21      | Fixed         | 4.88%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138ABYR4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2006603 | PA      | $2039290.76   | 0.03%             | 2041-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140N24Z1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3745862 | PA      | $3711772.12   | 0.05%             | 2052-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States of America                            | U.S. Treasury Notes                                                            | CUSIP: 91282CDR9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        | 211500000 | PA      | $203948790.12 | 2.84%             | 2023-12-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140GTTZ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    315255 | PA      | $290153.91    | 0.00%             | 2047-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140E0X91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1507403 | PA      | $1489311.74   | 0.02%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XCAK4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2679430 | PA      | $2367162.12   | 0.03%             | 2051-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XFGA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   8226344 | PA      | $7288616.77   | 0.10%             | 2052-01-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                       | Equinix, Inc.                                                                  | CUSIP: 29444UBG0<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |   9219000 | PA      | $8073386.31   | 0.11%             | 2027-07-15      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133G66N0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1767842 | PA      | $1698231.48   | 0.02%             | 2034-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                | LoanCore Issuer Ltd., Series 2018-CRE1, Class C                                | CUSIP: 53946MAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5705000 | PA      | $5545505.32   | 0.08%             | 2028-05-15      | Floating      | 7.01%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179UWA6<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1395024 | PA      | $1397872.91   | 0.02%             | 2049-07-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP               | Toll Road Investors Partnership II LP                                          | CUSIP: 88948ABB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5237000 | PA      | $4232479.46   | 0.06%             | 2026-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179TQN8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   9439499 | PA      | $8802115.75   | 0.12%             | 2048-01-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Regal Rexnord Corp.                                 | Regal Rexnord Corp.                                                            | CUSIP: 758750AD5<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |   6853000 | PA      | $6957272.23   | 0.10%             | 2028-04-15      | Fixed         | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Dick's Sporting Goods, Inc.                         | Dick's Sporting Goods, Inc.                                                    | CUSIP: 253393AF9<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |  17293000 | PA      | $14149479.84  | 0.20%             | 2032-01-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Securitized Term Auto Loan Receivables Trust        | Securitized Term Auto Loan Receivables Trust, Series 2019-CRTA, Class C        | CUSIP: 81379MAC8<br>LEI: 549300DC604TIE09UO03 | Long             | ABS-O            | CORP              | CA        |   1153142 | PA      | $1148367.42   | 0.02%             | 2026-03-25      | Fixed         | 2.85%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140H2BM9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    371182 | PA      | $341629.19    | 0.00%             | 2047-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31415PNH7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     37035 | PA      | $37752.27     | 0.00%             | 2038-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States of America                            | U.S. Treasury Bonds                                                            | CUSIP: 912810SS8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  67800000 | PA      | $43852828.46  | 0.61%             | 2050-11-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Aon Corp.                                           | Aon Corp.                                                                      | CUSIP: 03740LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2778000 | PA      | $2355363.19   | 0.03%             | 2031-12-02      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B7BP2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    757436 | PA      | $640919.40    | 0.01%             | 2052-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP               | Toll Road Investors Partnership II LP                                          | CUSIP: 88948ABM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17518127 | PA      | $4862629.20   | 0.07%             | 2043-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128LXMK3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     48050 | PA      | $50448.60     | 0.00%             | 2036-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31414JRK1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     39864 | PA      | $41875.25     | 0.00%             | 2038-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XEAU8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |  10168216 | PA      | $9300611.62   | 0.13%             | 2051-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction LLC                        | Sabine Pass Liquefaction LLC                                                   | CUSIP: 785592AX4<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |   5465000 | PA      | $5304843.37   | 0.07%             | 2030-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140F5BK8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    271361 | PA      | $257353.57    | 0.00%             | 2031-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XDYN0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6868493 | PA      | $6098354.28   | 0.09%             | 2051-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC, Series 4533, Class GA                                                   | CUSIP: 3137BMFL5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    847646 | PA      | $824276.80    | 0.01%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States of America                            | U.S. Treasury Bonds                                                            | CUSIP: 912810SA7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19900000 | PA      | $17525992.09  | 0.24%             | 2048-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132WJEF4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4068908 | PA      | $3895332.91   | 0.05%             | 2046-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Broadcom, Inc.                                      | Broadcom, Inc.                                                                 | CUSIP: 11135FBP5<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  12875000 | PA      | $9995586.72   | 0.14%             | 2035-11-15      | Fixed         | 3.14%                 | Yes           |                  2 | On Loan: No      |
| Equinix, Inc.                                       | Equinix, Inc.                                                                  | CUSIP: 29444UBH8<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |  21402000 | PA      | $17778289.77  | 0.25%             | 2030-07-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Anglo American Capital plc                          | Anglo American Capital plc                                                     | CUSIP: 034863BB5<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |  16098000 | PA      | $14992963.09  | 0.21%             | 2029-03-16      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31400HC43<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47174 | PA      | $47953.40     | 0.00%             | 2033-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2004-20J, Class 1          | CUSIP: 83162CPB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     21189 | PA      | $20987.33     | 0.00%             | 2024-10-01      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179XHW9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   7886105 | PA      | $7455295.23   | 0.10%             | 2052-10-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138ENAA7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2064401 | PA      | $2097991.65   | 0.03%             | 2043-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36297GSD3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1580943 | PA      | $1532962.03   | 0.02%             | 2041-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Ashtead Capital, Inc.                               | Ashtead Capital, Inc.                                                          | CUSIP: 045054AQ6<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   9060000 | PA      | $9093443.54   | 0.13%             | 2033-05-30      | Fixed         | 5.55%                 | Yes           |                  2 | On Loan: No      |
| Broadcom, Inc.                                      | Broadcom, Inc.                                                                 | CUSIP: 11135FBQ3<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |  12521000 | PA      | $9574137.70   | 0.13%             | 2036-11-15      | Fixed         | 3.19%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                                             | MPLX LP                                                                        | CUSIP: 55336VBT6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |  32980000 | PA      | $29229856.73  | 0.41%             | 2052-03-14      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                   | BSPRT Issuer Ltd., Series 2021-FL6, Class C                                    | CUSIP: 05601HAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5310500 | PA      | $4867020.15   | 0.07%             | 2036-03-15      | Floating      | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QPNL7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    471728 | PA      | $397047.26    | 0.01%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418ECP3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    966111 | PA      | $812373.62    | 0.01%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140MXT46<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     40550 | PA      | $37959.27     | 0.00%             | 2037-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DaVita, Inc.                                        | DaVita, Inc.                                                                   | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |  15220000 | PA      | $12822850.00  | 0.18%             | 2030-06-01      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140QNQ21<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     98966 | PA      | $90072.22     | 0.00%             | 2052-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138WJMB1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1314444 | PA      | $1218012.78   | 0.02%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EQT Corp.                                           | EQT Corp.                                                                      | CUSIP: 26884LAN9<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   6884000 | PA      | $6025427.52   | 0.08%             | 2031-05-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31412QXG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    191969 | PA      | $197302.73    | 0.00%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                | LoanCore Issuer Ltd., Series 2021-CRE6, Class B                                | CUSIP: 53948HAE6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  42852000 | PA      | $40222558.43  | 0.56%             | 2038-11-15      | Floating      | 6.36%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138WGSS4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    562984 | PA      | $538303.84    | 0.01%             | 2046-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179XLG9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |  15698432 | PA      | $15588116.16  | 0.22%             | 2052-11-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31405GT91<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      2772 | PA      | $2847.12      | 0.00%             | 2034-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31412V6B9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     44967 | PA      | $45702.95     | 0.00%             | 2037-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B3ZC4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   7757747 | PA      | $6534900.31   | 0.09%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140K5AX5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1516715 | PA      | $1348720.84   | 0.02%             | 2050-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | FNMA                                                                           | CUSIP: 3138L3D28<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2209211 | PA      | $2187935.20   | 0.03%             | 2023-05-01      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140L1Y41<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1619766 | PA      | $1376289.15   | 0.02%             | 2051-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128M6JU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    119588 | PA      | $123027.17    | 0.00%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Race Point VIII CLO Ltd.                            | Race Point VIII CLO Ltd., Series 2013-8A, Class AR2                            | CUSIP: 74982LAY6<br>LEI: 5493008ABAJEYBWITR69 | Long             | ABS-CBDO         | CORP              | KY        |  12500239 | PA      | $12385261.44  | 0.17%             | 2030-02-20      | Floating      | 5.72%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133BD3V5<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    917544 | PA      | $772195.78    | 0.01%             | 2052-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 312943ZX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    503190 | PA      | $497653.24    | 0.01%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Seasoned Credit Risk Transfer Trust                 | Seasoned Credit Risk Transfer Trust, Series 2022-1, Class MTU                  | CUSIP: 35563P7E3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |   3527308 | PA      | $3182677.55   | 0.04%             | 2061-11-25      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B6DQ0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4035300 | PA      | $3583812.80   | 0.05%             | 2052-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Boston Gas Co.                                      | Boston Gas Co.                                                                 | CUSIP: 100743AK9<br>LEI: FN7P4E7K9JOBORDEUX61 | Long             | DBT              | CORP              | US        |  18261000 | PA      | $16845000.24  | 0.23%             | 2027-08-01      | Fixed         | 3.15%                 | Yes           |                  2 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp.           | Westinghouse Air Brake Technologies Corp.                                      | CUSIP: 960386AM2<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | DBT              | CORP              | US        |  21336000 | PA      | $21193813.48  | 0.30%             | 2028-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128P8E23<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    457688 | PA      | $453782.88    | 0.01%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Impac CMB Trust                                     | Impac CMB Trust, Series 2004-7, Class 1A1                                      | CUSIP: 45254NKF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     16643 | PA      | $16225.13     | 0.00%             | 2034-11-25      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| MidOcean Credit CLO II                              | MidOcean Credit CLO II, Series 2013-2A, Class BR                               | CUSIP: 59863KAU1<br>LEI: 549300EKSLXKVD2RWW61 | Long             | ABS-CBDO         | CORP              | KY        |  31520702 | PA      | $30731864.91  | 0.43%             | 2030-01-29      | Floating      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| Tower Health                                        | Tower Health, Series 2020                                                      | CUSIP: 891792AA1<br>LEI: 549300SLJK3XUAQHFO63 | Long             | DBT              | CORP              | US        |  22087000 | PA      | $10312641.17  | 0.14%             | 2050-02-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.      | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL1, Class C       | CUSIP: 03881CAG6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4863500 | PA      | $4605778.27   | 0.06%             | 2035-12-15      | Floating      | 6.42%                 | Yes           |                  2 | On Loan: No      |
| Air Lease Corp.                                     | Air Lease Corp.                                                                | CUSIP: 00914AAT9<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |  13999000 | PA      | $14287277.49  | 0.20%             | 2027-12-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179SB89<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   3160776 | PA      | $3033322.40   | 0.04%             | 2046-05-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States of America                            | U.S. Treasury Bonds                                                            | CUSIP: 912810RU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27653000 | PA      | $23806424.56  | 0.33%             | 2046-11-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132ADPG7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    177618 | PA      | $163465.34    | 0.00%             | 2048-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Commercial Mortgage Trust                           | Commercial Mortgage Trust, Series 2015-LC19, Class A4                          | CUSIP: 200474BC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9743000 | PA      | $9377045.13   | 0.13%             | 2048-02-10      | Fixed         | 3.18%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133BJPF3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    719545 | PA      | $630206.21    | 0.01%             | 2052-08-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Santander Retail Auto Lease Trust                   | Santander Retail Auto Lease Trust, Series 2020-A, Class C                      | CUSIP: 80286KAF9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4617811 | PA      | $4601287.68   | 0.06%             | 2024-03-20      | Fixed         | 2.08%                 | Yes           |                  2 | On Loan: No      |
| Penske Automotive Group, Inc.                       | Penske Automotive Group, Inc.                                                  | CUSIP: 70959WAK9<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | DBT              | CORP              | US        |  21146000 | PA      | $17881716.72  | 0.25%             | 2029-06-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132ADWH7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    265179 | PA      | $244049.78    | 0.00%             | 2048-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Anglo American Capital plc                          | Anglo American Capital plc                                                     | CUSIP: 034863BC3<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |  20205000 | PA      | $18317117.74  | 0.26%             | 2052-03-16      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31417MLN1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    144750 | PA      | $147910.54    | 0.00%             | 2039-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BSPRT Issuer Ltd.                                   | BSPRT Issuer Ltd., Series 2021-FL7, Class D                                    | CUSIP: 05602CAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4152500 | PA      | $3868747.22   | 0.05%             | 2038-12-15      | Floating      | 7.20%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138MBH82<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1389108 | PA      | $1372426.41   | 0.02%             | 2042-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CR71<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     92956 | PA      | $85785.66     | 0.00%             | 2047-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC             | Volkswagen Group of America Finance LLC                                        | CUSIP: 928668BF8<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   5056000 | PA      | $4608666.30   | 0.06%             | 2030-05-13      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| FNMA or FHLMC                                       | UMBS, 15 Year, Single Family                                                   | CUSIP: 01F030421<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |  13775000 | PA      | $13212280.78  | 0.18%             | 2038-02-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EDG2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     23320 | PA      | $21190.16     | 0.00%             | 2037-05-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp.                                   | BAT Capital Corp.                                                              | CUSIP: 05526DAZ8<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |  12881000 | PA      | $12529500.82  | 0.17%             | 2024-08-15      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36295PW99<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    282941 | PA      | $293168.94    | 0.00%             | 2038-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418TKF3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     36530 | PA      | $36958.16     | 0.00%             | 2025-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DWFY4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    491835 | PA      | $430766.48    | 0.01%             | 2052-11-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Columbia Cent CLO 28 Ltd.                           | Columbia Cent CLO 28 Ltd., Series 2018-28A, Class A2R                          | CUSIP: 197361AS7<br>LEI: 549300K7BI8XA1XTMK83 | Long             | ABS-CBDO         | CORP              | KY        |  28014809 | PA      | $27255607.68  | 0.38%             | 2030-11-07      | Floating      | 6.23%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132WKQ84<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |      5687 | PA      | $5262.02      | 0.00%             | 2046-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132L6HF1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1490256 | PA      | $1470161.49   | 0.02%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36296YCL4<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    226437 | PA      | $229695.57    | 0.00%             | 2040-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EM23<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   6008965 | PA      | $6172880.95   | 0.09%             | 2052-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31410GFF5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    192075 | PA      | $201437.89    | 0.00%             | 2037-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Energy Partners LP                    | Kinder Morgan Energy Partners LP                                               | CUSIP: 494550BH8<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |   6112000 | PA      | $6459138.80   | 0.09%             | 2041-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Leviathan Bond Ltd.                                 | Leviathan Bond Ltd.                                                            | CUSIP: N/A<br>LEI: 254900D9T8VKYVQNZ220       | Long             | DBT              | CORP              | IL        |   9070000 | PA      | $8922612.50   | 0.12%             | 2027-06-30      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EFF2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    926594 | PA      | $867407.92    | 0.01%             | 2037-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133WJNF2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4829364 | PA      | $4400302.07   | 0.06%             | 2037-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                  | T-Mobile USA, Inc.                                                             | CUSIP: 87264AAX3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2343000 | PA      | $2120025.48   | 0.03%             | 2040-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Avolon Holdings Funding Ltd.                        | Avolon Holdings Funding Ltd.                                                   | CUSIP: 05401AAP6<br>LEI: 635400ZRKEX9L1BKCH30 | Long             | DBT              | CORP              | KY        |  10959000 | PA      | $9441557.90   | 0.13%             | 2028-02-21      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31415VYC3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    128106 | PA      | $133253.34    | 0.00%             | 2035-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140EVGP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    812813 | PA      | $777396.24    | 0.01%             | 2046-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                         | AREIT Trust, Series 2019-CRE3, Class B                                         | CUSIP: 00217LAE2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7734500 | PA      | $7443272.87   | 0.10%             | 2036-09-14      | Floating      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| Sirius XM Radio, Inc.                               | Sirius XM Radio, Inc.                                                          | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   8250000 | PA      | $7731487.50   | 0.11%             | 2029-07-01      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140KGJG9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1027411 | PA      | $917448.38    | 0.01%             | 2050-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31409VYW7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     93377 | PA      | $97025.16     | 0.00%             | 2036-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133WJNC9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    434581 | PA      | $406831.14    | 0.01%             | 2037-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Novelis Corp.                                       | Novelis Corp.                                                                  | CUSIP: 670001AH9<br>LEI: 549300G5F3W3B52WYL23 | Long             | DBT              | CORP              | US        |  11091000 | PA      | $9360804.00   | 0.13%             | 2031-08-15      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| Brown & Brown, Inc.                                 | Brown & Brown, Inc.                                                            | CUSIP: 115236AE1<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |  15616000 | PA      | $14280589.80  | 0.20%             | 2032-03-17      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179UQ62<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   1777863 | PA      | $1780949.94   | 0.02%             | 2049-04-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                     | Goldman Sachs Group, Inc. (The)                                                | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |  26935000 | PA      | $22218527.43  | 0.31%             | 2032-10-21      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                          | AerCap Ireland Capital DAC                                                     | CUSIP: 00774MAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  10175000 | PA      | $8969687.82   | 0.13%             | 2028-10-29      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2013-20I, Class 1          | CUSIP: 83162CVU4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1678591 | PA      | $1638635.07   | 0.02%             | 2033-09-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Columbia Cent CLO 28 Ltd.                           | Columbia Cent CLO 28 Ltd., Series 2018-28A, Class BR                           | CUSIP: 197361AU2<br>LEI: 549300K7BI8XA1XTMK83 | Long             | ABS-CBDO         | CORP              | KY        |  17835205 | PA      | $16842426.15  | 0.23%             | 2030-11-07      | Floating      | 6.68%                 | Yes           |                  2 | On Loan: No      |
| Barclays Commercial Mortgage Trust                  | Barclays Commercial Mortgage Trust, Series 2019-C5, Class A4                   | CUSIP: 05492JAW2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9055000 | PA      | $8207218.38   | 0.11%             | 2052-11-15      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| State Board of Administration Finance Corp.         | State Board of Administration Finance Corp.                                    | CUSIP: 341271AF1<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |  29316000 | PA      | $24587977.08  | 0.34%             | 2030-07-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 31297HN70<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     47028 | PA      | $48360.95     | 0.00%             | 2035-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                          | AT&T, Inc.                                                                     | CUSIP: 00206RKJ0<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   7351000 | PA      | $5424638.11   | 0.08%             | 2053-09-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd.                                    | Oaktree CLO Ltd., Series 2019-1A, Class BR                                     | CUSIP: 67401XAL5<br>LEI: 549300BJ8TRWJ20BLC43 | Long             | ABS-CBDO         | CORP              | KY        |  16780750 | PA      | $16279660.02  | 0.23%             | 2030-04-22      | Floating      | 6.57%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC Multifamily Structured Pass-Through Certificates, Series K029, Class A2  | CUSIP: 3137B36J2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    399390 | PA      | $398013.03    | 0.01%             | 2023-02-25      | Variable      | 3.32%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418ECG3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   9974865 | PA      | $8674648.74   | 0.12%             | 2042-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XGFW4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     72528 | PA      | $63598.57     | 0.00%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                | LoanCore Issuer Ltd., Series 2019-CRE3, Class B                                | CUSIP: 53947DAE6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   5351850 | PA      | $5362286.12   | 0.07%             | 2034-04-15      | Floating      | 6.06%                 | Yes           |                  2 | On Loan: No      |
| AREIT Trust                                         | AREIT Trust, Series 2019-CRE3, Class A                                         | CUSIP: 00217LAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    194733 | PA      | $192591.16    | 0.00%             | 2036-09-14      | Floating      | 5.87%                 | Yes           |                  2 | On Loan: No      |
| Cutwater Ltd.                                       | Cutwater Ltd., Series 2015-1A, Class BR                                        | CUSIP: 23222LAQ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |  27695000 | PA      | $27302395.68  | 0.38%             | 2029-01-15      | Floating      | 6.59%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CZB3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2762668 | PA      | $2656467.92   | 0.04%             | 2033-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| United States of America                            | U.S. Treasury Bonds                                                            | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  67500000 | PA      | $49174804.35  | 0.69%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| LoanCore Issuer Ltd.                                | LoanCore Issuer Ltd., Series 2021-CRE5, Class B                                | CUSIP: 53947XAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   8432000 | PA      | $7965136.18   | 0.11%             | 2036-07-15      | Floating      | 6.45%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31417AVY2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    288041 | PA      | $278014.05    | 0.00%             | 2042-01-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Glencore Funding LLC                                | Glencore Funding LLC                                                           | CUSIP: 378272AF5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   5720000 | PA      | $5701104.04   | 0.08%             | 2023-05-30      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| AerCap Ireland Capital DAC                          | AerCap Ireland Capital DAC                                                     | CUSIP: 00774MAX3<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |  12067000 | PA      | $10131563.13  | 0.14%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                  | Crown Castle, Inc.                                                             | CUSIP: 22822VAC5<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   3555000 | PA      | $3429809.47   | 0.05%             | 2026-06-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 31292LLA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    807772 | PA      | $780454.58    | 0.01%             | 2042-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Enel Finance International NV                       | Enel Finance International NV                                                  | CUSIP: 29278GAF5<br>LEI: 0YQH6LCEF474UTUV4B96 | Long             | DBT              | CORP              | NL        |  30284000 | PA      | $27727998.00  | 0.39%             | 2028-04-06      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| Brown & Brown, Inc.                                 | Brown & Brown, Inc.                                                            | CUSIP: 115236AF8<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |  18116000 | PA      | $16335963.69  | 0.23%             | 2052-03-17      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgage Trust               | Wells Fargo Commercial Mortgage Trust, Series 2017-C42, Class A4               | CUSIP: 95001GAE3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  13470000 | PA      | $12696439.45  | 0.18%             | 2050-12-15      | Fixed         | 3.59%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EBE9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4714606 | PA      | $4295783.64   | 0.06%             | 2037-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36230RVV5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    459622 | PA      | $445677.08    | 0.01%             | 2040-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                  | T-Mobile USA, Inc.                                                             | CUSIP: 87264ACB9<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |  28722000 | PA      | $24383366.70  | 0.34%             | 2031-02-15      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| AREIT Trust                                         | AREIT Trust, Series 2022-CRE6, Class B                                         | CUSIP: 04002VAE1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | KY        |   4924000 | PA      | $4531104.19   | 0.06%             | 2037-01-16      | Floating      | 6.16%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140K4M49<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    543924 | PA      | $487266.09    | 0.01%             | 2050-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Kinder Morgan Energy Partners LP                    | Kinder Morgan Energy Partners LP                                               | CUSIP: 494550BW5<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |   7661000 | PA      | $7314818.87   | 0.10%             | 2044-09-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Axalta Coating Systems LLC                          | Axalta Coating Systems LLC                                                     | CUSIP: 05453GAC9<br>LEI: 549300G80QONCHILSF69 | Long             | DBT              | CORP              | US        |  19805000 | PA      | $17032300.00  | 0.24%             | 2029-02-15      | Fixed         | 3.38%                 | Yes           |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36177PCJ2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    694651 | PA      | $673657.74    | 0.01%             | 2042-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31404JT88<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    152847 | PA      | $157076.22    | 0.00%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC Multifamily Structured Pass-Through Certificates, Series K030, Class A2  | CUSIP: 3137B3NA2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4118663 | PA      | $4101616.74   | 0.06%             | 2023-04-25      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| United States of America                            | U.S. Treasury Bonds                                                            | CUSIP: 912810SQ2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  27300000 | PA      | $18113976.43  | 0.25%             | 2040-08-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140XC5R5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    370526 | PA      | $337611.36    | 0.00%             | 2036-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | FNMA, Series 2010-113, Class GB                                                | CUSIP: 31398T7G0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    483626 | PA      | $473600.34    | 0.01%             | 2040-10-25      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DT Auto Owner Trust                                 | DT Auto Owner Trust, Series 2023-1A, Class A                                   | CUSIP: 23346KAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  19663000 | PA      | $19658815.71  | 0.27%             | 2027-04-15      | Fixed         | 5.48%                 | Yes           |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DWEQ2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  46231302 | PA      | $43362290.64  | 0.60%             | 2052-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                               | Bank of America Corp., Series Z                                                | CUSIP: 060505EL4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4140000 | PA      | $4160542.68   | 0.06%             | 2024-10-23      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| LCCM Trust                                          | LCCM Trust, Series 2021-FL2, Class C                                           | CUSIP: 50202KAG1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   8225000 | PA      | $7927921.23   | 0.11%             | 2038-12-13      | Floating      | 6.61%                 | Yes           |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3132WHJY2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  15351176 | PA      | $14290246.50  | 0.20%             | 2046-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418D4Y5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1498890 | PA      | $1313920.18   | 0.02%             | 2051-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31417G5A0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1293233 | PA      | $1246320.51   | 0.02%             | 2043-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Commercial Real Estate Notes Ltd.      | Arbor Realty Commercial Real Estate Notes Ltd., Series 2021-FL2, Class B       | CUSIP: 03881EAE7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   4735000 | PA      | $4486317.80   | 0.06%             | 2036-05-15      | Floating      | 6.05%                 | Yes           |                  2 | On Loan: No      |
| Boeing Co. (The)                                    | Boeing Co. (The)                                                               | CUSIP: 097023CW3<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |  14572000 | PA      | $14876532.50  | 0.21%             | 2050-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140X6EF4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1894271 | PA      | $1989765.81   | 0.03%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36202FUF1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    320173 | PA      | $325772.42    | 0.00%             | 2041-06-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179TG33<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2530468 | PA      | $2353374.98   | 0.03%             | 2047-09-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31419ANB9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2492860 | PA      | $2462941.44   | 0.03%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                  | Energy Transfer LP                                                             | CUSIP: 29273VAQ3<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |  17623000 | PA      | $18111157.10  | 0.25%             | 2033-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140X5XN8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3312884 | PA      | $2931600.00   | 0.04%             | 2050-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133BEWU3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    500000 | PA      | $437895.46    | 0.01%             | 2052-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp.                               | Targa Resources Corp.                                                          | CUSIP: 87612GAA9<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |   4099000 | PA      | $3714719.77   | 0.05%             | 2033-02-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418CWT7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    235870 | PA      | $231285.16    | 0.00%             | 2048-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| C-BASS Mortgage Loan Trust                          | C-BASS Mortgage Loan Trust, Series 2007-CB3, Class A3                          | CUSIP: 17311YAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1189765 | PA      | $454724.66    | 0.01%             | 2037-03-25      | Variable      | 2.03%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC                                                                          | CUSIP: 3128KQ6Y7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    199041 | PA      | $205010.00    | 0.00%             | 2037-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140L1Y58<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    963755 | PA      | $817074.22    | 0.01%             | 2051-01-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Bayview Financial Revolving Asset Trust             | Bayview Financial Revolving Asset Trust, Series 2005-E, Class M1               | CUSIP: 073250BW1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    539694 | PA      | $671841.01    | 0.01%             | 2040-12-28      | Floating      | 6.15%                 | Yes           |                  2 | On Loan: No      |
| UBS Commercial Mortgage Trust                       | UBS Commercial Mortgage Trust, Series 2017-C7, Class A4                        | CUSIP: 90276WAS6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  33000000 | PA      | $31303146.60  | 0.44%             | 2050-12-15      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140GY6V6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    595234 | PA      | $547841.09    | 0.01%             | 2047-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KeySpan Gas East Corp.                              | KeySpan Gas East Corp.                                                         | CUSIP: 49338CAB9<br>LEI: K8TS3HOE1568DUBUJL44 | Long             | DBT              | CORP              | US        |  13855000 | PA      | $12600156.25  | 0.18%             | 2026-08-15      | Fixed         | 2.74%                 | Yes           |                  2 | On Loan: No      |
| CSAIL Commercial Mortgage Trust                     | CSAIL Commercial Mortgage Trust, Series 2015-C2, Class A4                      | CUSIP: 12634NAT5<br>LEI: 549300D5DIOOMKWXVZ20 | Long             | ABS-MBS          | CORP              | US        |   3687246 | PA      | $3548072.74   | 0.05%             | 2057-06-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                | Charter Communications Operating LLC                                           | CUSIP: 161175CK8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  35959000 | PA      | $30197865.13  | 0.42%             | 2053-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140GXBY6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    442598 | PA      | $408594.29    | 0.01%             | 2047-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36241L4N3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    778390 | PA      | $779784.17    | 0.01%             | 2040-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133A67D7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2321209 | PA      | $2141309.31   | 0.03%             | 2050-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FHLMC                                               | FHLMC, Series 4474, Class HJ                                                   | CUSIP: 3137BJF65<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    477718 | PA      | $449699.54    | 0.01%             | 2039-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Crown Castle, Inc.                                  | Crown Castle, Inc.                                                             | CUSIP: 22822VAK7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   4492000 | PA      | $4286615.61   | 0.06%             | 2028-02-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179SWX1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     13361 | PA      | $12813.60     | 0.00%             | 2047-02-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132D6CL2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4672624 | PA      | $4366928.50   | 0.06%             | 2037-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BDS Ltd.                                            | BDS Ltd., Series 2021-FL7, Class B                                             | CUSIP: 05493FAC3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   5159500 | PA      | $4860563.73   | 0.07%             | 2036-06-16      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138ETDS2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2162674 | PA      | $2131909.45   | 0.03%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133WJTN9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4485872 | PA      | $4192170.37   | 0.06%             | 2037-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3140H2DA3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |      5401 | PA      | $4971.33      | 0.00%             | 2047-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Humana, Inc.                                        | Humana, Inc.                                                                   | CUSIP: 444859BV3<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |  21051000 | PA      | $22528332.87  | 0.31%             | 2033-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36179W5C8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   6655346 | PA      | $6113207.64   | 0.09%             | 2052-05-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GNMA                                                | GNMA                                                                           | CUSIP: 36202F3P9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      7094 | PA      | $7239.86      | 0.00%             | 2042-02-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133B2S75<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   5956037 | PA      | $5418375.36   | 0.08%             | 2052-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority           | New Jersey Economic Development Authority                                      | CUSIP: 645913AA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  25254000 | PA      | $27748701.24  | 0.39%             | 2029-02-15      | Fixed         | 7.42%                 | No            |                  2 | On Loan: No      |
| Oaktree CLO Ltd.                                    | Oaktree CLO Ltd., Series 2019-1A, Class CR                                     | CUSIP: 67401XAN1<br>LEI: 549300BJ8TRWJ20BLC43 | Long             | ABS-CBDO         | CORP              | KY        |  22979914 | PA      | $21927709.70  | 0.31%             | 2030-04-22      | Floating      | 7.17%                 | Yes           |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2004-20G, Class 1          | CUSIP: 83162CNW9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     21766 | PA      | $21440.72     | 0.00%             | 2024-07-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31403M2D0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     47429 | PA      | $48243.58     | 0.00%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CSC Holdings LLC                                    | CSC Holdings LLC                                                               | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  17470000 | PA      | $12915046.90  | 0.18%             | 2030-12-01      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Cantor Commercial Real Estate Lending               | Cantor Commercial Real Estate Lending, Series 2019-CF2, Class A5               | CUSIP: 12528YAF0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  20960656 | PA      | $18693930.83  | 0.26%             | 2052-11-15      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 3138WHBP6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1648129 | PA      | $1576532.08   | 0.02%             | 2046-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Small Business Administration         | United States Small Business Administration, Series 2013-20H, Class 1          | CUSIP: 83162CVS9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3057329 | PA      | $2945136.66   | 0.04%             | 2033-08-01      | Fixed         | 3.16%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31371MBH9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     69275 | PA      | $72594.52     | 0.00%             | 2035-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133KNQU0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   2300097 | PA      | $1935541.28   | 0.03%             | 2052-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3133BBTH2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    494183 | PA      | $433018.77    | 0.01%             | 2052-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| FHLMC Pool                                          | UMBS                                                                           | CUSIP: 3132DWDX8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6799438 | PA      | $5720710.63   | 0.08%             | 2052-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Co.                                | Vulcan Materials Co.                                                           | CUSIP: 929160AZ2<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |   9570000 | PA      | $8744587.50   | 0.12%             | 2030-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FNMA                                                | UMBS                                                                           | CUSIP: 31418EBS8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1907113 | PA      | $1671520.17   | 0.02%             | 2052-02-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-02

**Name of Applicant:** MFS Series Trust IX

**Signature:** Kasey Phillips

**Name of Signer:** Kasey Phillips

**Title:** Assistant Treasurer