# EDGAR Filing Document

**Accession Number:** 0000816153
**File Stem:** 0001752724-23-037747
**Filing Date:** 2023-2
**Character Count:** 67364
**Document Hash:** 0e625aaf7349d30622194a016046d228
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-037747.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-037747

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THORNBURG INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000816153
- **IRS NUMBER:** 061158764
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05201
- **FILM NUMBER:** 23663207

**BUSINESS ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361
- **BUSINESS PHONE:** 5059840200

**MAIL ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LIMITED TERM TRUST
- **DATE OF NAME CHANGE:** 19870816

## Series and Classes Contracts Data

### Thornburg Capital Management Fund (Series ID: S000051223)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000161463 | Thornburg Capital Management Fund |  |

## Nport-Ex

SCHEDULE OF INVESTMENTS

---

| | |
|:---|:---|
| **Thornburg Capital Management Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Shares/Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | **U.S. Government Agencies — 0.2%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Federal Home Loan Bank Discount Notes, 2.162% due 1/6/2023 | &nbsp;&nbsp;$100000 | &nbsp;&nbsp;$99964 |
|  | &nbsp;&nbsp;&nbsp;Tennessee Valley Authority Discount Notes, 1.075% due 1/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1999763 |
|  | &nbsp;&nbsp;&nbsp;Total U.S. Government Agencies (Cost $2,099,745) |  | &nbsp;&nbsp;&nbsp;&nbsp; 2099727 |
|  | **Commercial Paper — 84.5%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Ameren Corp., 4.565% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp;23000000 | &nbsp;&nbsp;&nbsp;&nbsp; 23000000 |
|  | &nbsp;&nbsp;&nbsp;American Honda Finance Corp., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.521% due 1/5/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7998022 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.374% due 1/6/2023 | &nbsp;&nbsp;&nbsp;&nbsp;22033000 | &nbsp;&nbsp;&nbsp;&nbsp; 22025105 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;American Transmission Co. LLC, 4.383% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1317000 | &nbsp;&nbsp;&nbsp;&nbsp; 1317000 |
|  | &nbsp;&nbsp;&nbsp;Amphenol Corp., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.577% due 1/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp;28000000 | &nbsp;&nbsp;&nbsp;&nbsp; 27996500 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.727% due 1/6/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999613 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Archer-Daniels-Midland Co., 4.062% due 1/13/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2800000 | &nbsp;&nbsp;&nbsp;&nbsp; 2796889 |
|  | &nbsp;&nbsp;&nbsp;Arizona Public Service Co., 4.587% due 1/5/2023 | &nbsp;&nbsp;&nbsp;&nbsp;25000000 | &nbsp;&nbsp;&nbsp;&nbsp; 24993722 |
|  | &nbsp;&nbsp;&nbsp;AutoZone, Inc., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.52% due 1/6/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2998887 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.519% due 1/9/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999258 |
|  | &nbsp;&nbsp;&nbsp;Avangrid, Inc., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.628% due 1/9/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999242 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.657% due 1/19/2023 | &nbsp;&nbsp;&nbsp;&nbsp;26000000 | &nbsp;&nbsp;&nbsp;&nbsp; 25947076 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Baxter International, Inc., 4.577% due 1/9/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1860000 | &nbsp;&nbsp;&nbsp;&nbsp; 1858605 |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;Cargill Global Funding plc, 4.332% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp;25000000 | &nbsp;&nbsp;&nbsp;&nbsp; 25000000 |
|  | &nbsp;&nbsp;&nbsp;Caterpillar Financial Services Corp., 4.342% due 1/24/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 997509 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;CenterPoint Energy, Inc., 4.616% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp;23000000 | &nbsp;&nbsp;&nbsp;&nbsp; 23000000 |
|  | &nbsp;&nbsp;&nbsp;Cintas Corp. No. 2, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.512% due 1/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999876 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.681% due 1/6/2023 | &nbsp;&nbsp;&nbsp;&nbsp;16000000 | &nbsp;&nbsp;&nbsp;&nbsp; 15993867 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63% due 1/10/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999115 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.676% due 1/10/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999106 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.733% due 1/13/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 998708 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Clorox Co., 4.727% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Commonwealth Edison Co., 4.723% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp;30000000 | &nbsp;&nbsp;&nbsp;&nbsp; 30000000 |
|  | &nbsp;&nbsp;&nbsp;Consolidated Edison Co. of New York, Inc., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.608% due 1/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999874 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.609% due 1/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp;27000000 | &nbsp;&nbsp;&nbsp;&nbsp; 26996602 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.711% due 1/10/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999100 |
|  | &nbsp;&nbsp;&nbsp;Delmarva Power & Light Co., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.724% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp;&nbsp; 8500000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.777% due 1/9/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3996867 |
|  | &nbsp;&nbsp;&nbsp;Dollar General Corp., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.477% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp;27000000 | &nbsp;&nbsp;&nbsp;&nbsp; 27000000 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.628% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.686% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.703% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 |
|  | &nbsp;&nbsp;&nbsp;Dominion Energy South Carolina, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.426% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp;25000000 | &nbsp;&nbsp;&nbsp;&nbsp; 25000000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.578% due 1/10/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999125 |
|  | &nbsp;&nbsp;&nbsp;DTE Capital Corp., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.576% due 1/6/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999625 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.623% due 1/6/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 5516000 | &nbsp;&nbsp;&nbsp;&nbsp; 5513909 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.723% due 1/12/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6991862 |
|  | &nbsp;&nbsp;&nbsp;DTE Electric Co., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.26% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.572% due 1/6/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2947000 | &nbsp;&nbsp;&nbsp;&nbsp; 2945895 |
|  | &nbsp;&nbsp;&nbsp;Electricite de France SA, |  |  |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.896% due 1/10/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5994377 |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.029% due 1/13/2023 | &nbsp;&nbsp;&nbsp;&nbsp;10272000 | &nbsp;&nbsp;&nbsp;&nbsp; 10257905 |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.029% due 1/20/2023 | &nbsp;&nbsp;&nbsp;&nbsp;11361000 | &nbsp;&nbsp;&nbsp;&nbsp; 11334497 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Emerson Electric Co., 4.373% due 1/24/2023 | &nbsp;&nbsp;&nbsp;&nbsp;18000000 | &nbsp;&nbsp;&nbsp;&nbsp; 17954850 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Capital Management Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Shares/Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;Entergy Corp., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.616% due 1/3/2023 | &nbsp;&nbsp;$14000000 | &nbsp;&nbsp;$14000000 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.424% due 1/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 9528000 | &nbsp;&nbsp;&nbsp;&nbsp; 9526849 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.614% due 1/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp;11000000 | &nbsp;&nbsp;&nbsp;&nbsp; 10998610 |
|  | &nbsp;&nbsp;&nbsp;Evergy Missouri West, Inc., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.616% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp;22000000 | &nbsp;&nbsp;&nbsp;&nbsp; 22000000 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.778% due 1/13/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp; 599217 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Exelon Corp., 4.668% due 1/5/2023 | &nbsp;&nbsp;&nbsp;&nbsp;25000000 | &nbsp;&nbsp;&nbsp;&nbsp; 24993611 |
|  | &nbsp;&nbsp;&nbsp;General Mills, Inc., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.574% due 1/9/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6994750 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.594% due 1/9/2023 | &nbsp;&nbsp;&nbsp;&nbsp;20000000 | &nbsp;&nbsp;&nbsp;&nbsp; 19984933 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.574% due 1/12/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 998875 |
|  | &nbsp;&nbsp;&nbsp;Hitachi America Capital Ltd., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.691% due 1/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 3300000 | &nbsp;&nbsp;&nbsp;&nbsp; 3299576 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.668% due 1/10/2023 | &nbsp;&nbsp;&nbsp;&nbsp;17000000 | &nbsp;&nbsp;&nbsp;&nbsp; 16984794 |
|  | &nbsp;&nbsp;&nbsp;HP, Inc., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.832% due 1/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 998153 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.865% due 1/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp;27000000 | &nbsp;&nbsp;&nbsp;&nbsp; 26949810 |
|  | &nbsp;&nbsp;&nbsp;McCormick & Co., Inc., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.693% due 1/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999872 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.518% due 1/10/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 657000 | &nbsp;&nbsp;&nbsp;&nbsp; 656432 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Mercedes-Benz Finance North America LLC, 4.783% due 1/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp;28000000 | &nbsp;&nbsp;&nbsp;&nbsp; 27948822 |
|  | &nbsp;&nbsp;&nbsp;Mitsubishi HC Capital America, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.518% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 5100000 | &nbsp;&nbsp;&nbsp;&nbsp; 5100000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.62% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.884% due 1/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp;20000000 | &nbsp;&nbsp;&nbsp;&nbsp; 19962667 |
|  | &nbsp;&nbsp;&nbsp;Mondelez International, Inc., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.621% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.59% due 1/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp;15000000 | &nbsp;&nbsp;&nbsp;&nbsp; 14998117 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.60% due 1/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp;&nbsp; 1699786 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.76% due 1/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7985440 |
|  | &nbsp;&nbsp;&nbsp;Northern Illinois Gas Co., 4.732% due 1/19/2023 | &nbsp;&nbsp;&nbsp;&nbsp;13000000 | &nbsp;&nbsp;&nbsp;&nbsp; 12973133 |
|  | &nbsp;&nbsp;&nbsp;Oglethorpe Power Corp., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.732% due 1/11/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 9665000 | &nbsp;&nbsp;&nbsp;&nbsp; 9655013 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.933% due 1/12/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2996362 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.935% due 1/12/2023 | &nbsp;&nbsp;&nbsp;&nbsp;10912000 | &nbsp;&nbsp;&nbsp;&nbsp; 10898769 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.988% due 1/19/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 997822 |
|  | &nbsp;&nbsp;&nbsp;ONE Gas, Inc., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.723% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.834% due 1/10/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1450000 | &nbsp;&nbsp;&nbsp;&nbsp; 1448661 |
|  | &nbsp;&nbsp;&nbsp;Oracle Corp., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63% due 1/6/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999621 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.729% due 1/12/2023 | &nbsp;&nbsp;&nbsp;&nbsp;25000000 | &nbsp;&nbsp;&nbsp;&nbsp; 24970937 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.731% due 1/12/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2148000 | &nbsp;&nbsp;&nbsp;&nbsp; 2145503 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.743% due 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1996117 |
|  | &nbsp;&nbsp;&nbsp;PECO Energy Co., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.723% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.724% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp;28000000 | &nbsp;&nbsp;&nbsp;&nbsp; 28000000 |
|  | &nbsp;&nbsp;&nbsp;Peoples Gas Light & Coke Co., 4.671% due 1/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp;28000000 | &nbsp;&nbsp;&nbsp;&nbsp; 27996422 |
|  | &nbsp;&nbsp;&nbsp;Potomac Electric Power Co., 4.778% due 1/9/2023 | &nbsp;&nbsp;&nbsp;&nbsp;29000000 | &nbsp;&nbsp;&nbsp;&nbsp; 28977283 |
|  | &nbsp;&nbsp;&nbsp;PPL Electric Utilities Corp., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.68% due 1/5/2023 | &nbsp;&nbsp;&nbsp;&nbsp;15000000 | &nbsp;&nbsp;&nbsp;&nbsp; 14996167 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.732% due 1/12/2023 | &nbsp;&nbsp;&nbsp;&nbsp;14000000 | &nbsp;&nbsp;&nbsp;&nbsp; 13983725 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.885% due 1/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 998133 |
|  | &nbsp;&nbsp;&nbsp;Public Service Co. of Colorado, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.667% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 3131000 | &nbsp;&nbsp;&nbsp;&nbsp; 3131000 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.774% due 1/11/2023 | &nbsp;&nbsp;&nbsp;&nbsp;25000000 | &nbsp;&nbsp;&nbsp;&nbsp; 24973889 |
|  | &nbsp;&nbsp;&nbsp;Ryder System, Inc., |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.751% due 1/5/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp;&nbsp; 1399636 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.726% due 1/6/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 3100000 | &nbsp;&nbsp;&nbsp;&nbsp; 3098799 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.726% due 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4990312 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.678% due 1/23/2023 | &nbsp;&nbsp;&nbsp;&nbsp;13000000 | &nbsp;&nbsp;&nbsp;&nbsp; 12966778 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;San Diego Gas & Electric Co., 4.82% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp;20000000 | &nbsp;&nbsp;&nbsp;&nbsp; 20000000 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Sempra Energy, 4.775% due 1/5/2023 | &nbsp;&nbsp;&nbsp;&nbsp;29000000 | &nbsp;&nbsp;&nbsp;&nbsp; 28992428 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Southern Co. Gas Capital Corp., 4.804% due 1/19/2023 | &nbsp;&nbsp;&nbsp;&nbsp;10774000 | &nbsp;&nbsp;&nbsp;&nbsp; 10751399 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Capital Management Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Shares/Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;TELUS Corp., |  |  |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.675% due 1/9/2023 | &nbsp;&nbsp;$17500000 | &nbsp;&nbsp;$17486583 |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.624% due 1/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6987614 |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;Tyco Electronics Group SA, 4.718% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp;24700000 | &nbsp;&nbsp;&nbsp;&nbsp; 24700000 |
|  | &nbsp;&nbsp;&nbsp;Union Electric Co., 4.829% due 1/20/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 498878 |
|  | &nbsp;&nbsp;&nbsp;Virginia Electric & Power Co., 4.63% due 1/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 3140000 | &nbsp;&nbsp;&nbsp;&nbsp; 3134047 |
|  | &nbsp;&nbsp;&nbsp;Vodafone Group plc, |  |  |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.723% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.798% due 1/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999869 |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.707% due 1/5/2023 | &nbsp;&nbsp;&nbsp;&nbsp;28000000 | &nbsp;&nbsp;&nbsp;&nbsp; 27992798 |
|  | &nbsp;&nbsp;&nbsp;WEC Energy Group, Inc., |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.703% due 1/3/2023 | &nbsp;&nbsp;&nbsp;&nbsp;26000000 | &nbsp;&nbsp;&nbsp;&nbsp; 26000000 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.702% due 1/9/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 999228 |
|  | &nbsp;&nbsp;&nbsp;Williams Cos., Inc., 4.825% due 1/4/2023 | &nbsp;&nbsp;&nbsp;&nbsp;25000000 | &nbsp;&nbsp;&nbsp;&nbsp; 24996701 |
|  | &nbsp;&nbsp;&nbsp;Wisconsin Gas LLC, 4.672% due 1/9/2023 | &nbsp;&nbsp;&nbsp;&nbsp;26000000 | &nbsp;&nbsp;&nbsp;&nbsp; 25980067 |
|  | &nbsp;&nbsp;&nbsp;Wisconsin Power & Light Co., 4.566% due 1/5/2023 | &nbsp;&nbsp;&nbsp;&nbsp;25000000 | &nbsp;&nbsp;&nbsp;&nbsp; 24993750 |
|  | &nbsp;&nbsp;&nbsp;Total Commercial Paper (Cost $1,135,190,346) |  | &nbsp;&nbsp;&nbsp;&nbsp;1135190346 |
|  | **Mutual Fund — 6.2%** |  |  |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;State Street Institutional Treasury Money Market Fund Premier Class, 3.79% | &nbsp;&nbsp;&nbsp;&nbsp;83112164 | &nbsp;&nbsp;&nbsp;&nbsp; 83112164 |
|  | &nbsp;&nbsp;&nbsp;Total Mutual Fund (Cost $83,112,164) |  | &nbsp;&nbsp;&nbsp;&nbsp; 83112164 |
|  | **Total Investments — 90.9% (Cost $1,220,402,255)** |  | &nbsp;&nbsp;$1220402237 |
|  | **Other Assets Less Liabilities — 9.1%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122768046 |
|  | **Net Assets — 100.0%** |  | &nbsp;&nbsp;$1343170283 |

---

---

| | |
|:---|:---|
| **Footnote Legend** | **Footnote Legend** |
| a | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are restricted but liquid and may only be resold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of December 31, 2022, the aggregate value of these securities in the Fund's portfolio was $810,665,628, representing 60.35% of the Fund's net assets. |
| b | Yankee bond denominated in U.S. dollars and is issued in the U.S. by foreign banks and corporations. |
| c | Rate represents the money market fund annualized seven-day yield at December 31, 2022. |

---

------

NOTES TO SCHEDULE OF INVESTMENTS

---

| | |
|:---|:---|
| **Thornburg Capital Management Fund** | *December 31, 2022 (Unaudited)* |

---

------

#### NOTE 1 – ORGANIZATION
Thornburg Capital Management Fund (the "Fund") is a diversified series of Thornburg Investment Trust (the "Trust"). The Trust is organized as a Massachusetts business trust under a Declaration of Trust dated June 3, 1987 and is registered as a diversified, open-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). The Fund is currently one of twenty-one separate series of the Trust. Each series is considered to be a separate entity for financial reporting and tax purposes. The Fund currently offers one class of shares of beneficial interest: Institutional Class ("Class I").

#### NOTE 2 – SECURITY VALUATION
Valuation of the Fund's portfolio investment securities is performed by Thornburg Investment Management, Inc., the Trust's investment advisor (the "Advisor"), which has been designated by the Trustees of the Trust as the Fund's "valuation designee," as that term is defined in rule 2a-5 under the 1940 Act. The Advisor performs this valuation function in accordance with policies and procedures that have been adopted by the Advisor and approved by the Trustees of the Trust (the "Valuation Policy and Procedures").

In its capacity as the Fund's valuation designee, the Advisor makes good faith determinations of the fair value of portfolio securities for which market quotations are not readily available, and otherwise complies with and administers the Valuation Policy and Procedures. The Advisor performs those functions in significant measure through its Valuation and Pricing Committee (the "Committee"), though the Advisor may also obtain the assistance of others, including professional pricing service providers selected and approved by the Committee. In accordance with the Valuation Policy and Procedures, the Committee: assesses and manages the material risks associated with determining the fair value of those Fund investments for which market quotations are not readily available; selects and applies methodologies for determining and calculating such fair values; periodically reviews and tests the appropriateness and accuracy of those methodologies; monitors for circumstances that may necessitate the use of fair value; and approves, monitors, and evaluates pricing services engaged to provide evaluated prices for the Fund's investments. The Committee provides reports on its activities to the Trustees' Audit Committee, which is responsible for overseeing the Committee's and the Advisor's work in discharging the functions under the Valuation Policy and Procedures.

In those instances when the Committee assists in calculating a fair value for a portfolio investment, the Committee seeks to determine the price that the Fund would reasonably expect to receive upon a sale of the investment in an orderly transaction between market participants on the valuation date. The Committee customarily utilizes quotations from securities broker dealers in calculating valuations, but also may utilize prices obtained from pricing service providers or other methods selected by the Committee. Because fair values calculated by the Committee are estimates, the calculation of a fair value for an investment may differ from the price that would be realized by the Fund upon a sale of the investment, and the difference could be material to the Fund's financial statements. The Committee's calculation of a fair value for an investment may also differ from the prices obtained by other persons (including other mutual funds) for the investment.

<u>Valuation of Securities:</u> Securities held with a maturity of less than 60 days are valued using the amortized cost method unless the Committee determines such method does not represent fair value. The amortized cost method of valuation involves valuing a security at its cost initially and thereafter assuming a constant amortization to maturity of any discount or premium, regardless of the impact of fluctuating interest rates on the market value of the security. This method may result in periods during which value, as determined by amortized cost, is higher or lower than the price each Fund would receive if it sold the security. The market value of securities in the Fund can be expected to vary inversely with changes in prevailing interest rates.

Debt obligations held by the Fund which are not listed or traded on exchanges or for which no reported market exists are ordinarily valued at the valuation obtained from a pricing service provider approved by the Committee.

In any case when a pricing service provider fails to provide a valuation for a debt obligation held by the Fund, the Committee may calculate a fair value for the obligation using alternative methods selected and approved by the Committee. Additionally, in cases when the Committee believes that a valuation obtained from a pricing service provider is stale, does not reflect material factors affecting the valuation of the investment, is significantly different than the value the Fund is likely to obtain if they sought a bid for the investment, or is otherwise unreliable, the Committee may calculate a fair value for the obligation using an alternative method selected and approved by the Committee.

If the market quotation for an investment is expressed in a foreign currency, that market quotation will be converted to U.S. dollars using a foreign exchange quotation from a third-party service at the time of valuation. Foreign investments held by the Fund may be traded on days and at times when the Fund is not open for business. Consequently, the value of Fund's investments may be significantly affected on days when shareholders cannot purchase or sell Fund's shares.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** THORNBURG INVESTMENT TRUST

- **b. Investment Company Act file number:** 811-05201

- **c. CIK number of Registrant:** 0000816153

- **d. LEI of Registrant:** 5493001XM52H8S4WYY82

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

  - **Street Address 1:** 2300 NORTH RIDGETOP ROAD

  - **City:** SANTA FE

  - **State:** NM

  - **Foreign country:** US

  - **Zip / Postal Code:** 87506-8361

  - **Telephone number:** 505-984-0200

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

- **a. Name of Series:** Thornburg Capital Management Fund

- **b. EDGAR series identifier (if any):** S000051223

- **c. LEI of Series:** 549300GLR0WG6ALV5277

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1343262467.44

**Total Liabilities:** $5961509.73

**Net Assets:** $1337300957.71

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -2569.71000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** -137.05000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000161463 | 0.30%                | 0.34%                | 0.37%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3825.43                 | $0.00                                      |
| Month 2  | $81.48                   | $0.00                                      |
| Month 3  | $6843.08                 | $-18.49                                    |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Sempra Energy                           | Sempra Energy                                         | CUSIP: 81686NN55<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | STIV             | CORP              | US        |  29000000 | PA      | $28992427.78  | 2.17%             | 2023-01-05      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                | Electricite de France SA                              | CUSIP: 28504HNA8<br>LEI: 549300X3UK4GG3FNMO06 | Long             | STIV             | CORP              | FR        |   6000000 | PA      | $5994376.66   | 0.45%             | 2023-01-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co                           | DTE Energy Co                                         | CUSIP: 23333GN67<br>LEI: 549300IX8SD6XXD71I78 | Long             | STIV             | CORP              | US        |   6516000 | PA      | $6513533.52   | 0.49%             | 2023-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Potomac Electric Power Co               | Potomac Electric Power Co                             | CUSIP: 73768BN91<br>LEI: 549300BXF2DWUNN57U06 | Long             | STIV             | CORP              | US        |  29000000 | PA      | $28977283.33  | 2.17%             | 2023-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PECO Energy Co                          | PECO Energy Co                                        | CUSIP: 6933J5N34<br>LEI: YH65D4JBECK76IFEJ279 | Long             | STIV             | CORP              | US        |  29000000 | PA      | $29000000.00  | 2.17%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AutoZone Inc                            | AutoZone Inc                                          | CUSIP: 05333UN97<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999258.34    | 0.07%             | 2023-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The                    | Williams Cos Inc/The                                  | CUSIP: 96946UN46<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24996701.39  | 1.87%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois Gas Co                | Northern Illinois Gas Co                              | CUSIP: 66522UNK5<br>LEI: 549300H5GUKWH3CAB355 | Long             | STIV             | CORP              | US        |  13000000 | PA      | $12973133.33  | 0.97%             | 2023-01-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                             | Oracle Corp                                           | CUSIP: 6840C3NJ8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1996116.66   | 0.15%             | 2023-01-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp             | American Honda Finance Corp                           | CUSIP: 02665KN52<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |   8000000 | PA      | $7998022.22   | 0.60%             | 2023-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ryder System Inc                        | Ryder System Inc                                      | CUSIP: 78355BNP3<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | STIV             | CORP              | US        |  13000000 | PA      | $12966777.78  | 0.97%             | 2023-01-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Baxter International Inc                | Baxter International Inc                              | CUSIP: 0718A3N96<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | STIV             | CORP              | US        |   1860000 | PA      | $1858605.00   | 0.14%             | 2023-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Transmission Co LLC            | American Transmission Co LLC                          | CUSIP: 03028UN35<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   1317000 | PA      | $1317000.00   | 0.10%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Service Co of Colorado           | Public Service Co of Colorado                         | CUSIP: 74444RN39<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | STIV             | CORP              | US        |   3131000 | PA      | $3131000.00   | 0.23%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mondelez International Inc              | Mondelez International Inc                            | CUSIP: 60920WN48<br>LEI: 549300DV9GIB88LZ5P30 | Long             | STIV             | CORP              | US        |  16700000 | PA      | $16697902.75  | 1.25%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mitsubishi HC Capital America Inc       | Mitsubishi HC Capital America Inc                     | CUSIP: 60678NN34<br>LEI: SAG6K2J487EOB0C5BI47 | Long             | STIV             | CORP              | US        |   6100000 | PA      | $6100000.00   | 0.46%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors            | State Street Institutional Treasury Money Market Fund | CUSIP: 857492888<br>LEI: 549300Q3FHSMZ70NLT76 | Long             | STIV             | RF                | US        |  83112164 | NS      | $83112164.02  | 6.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                             | Ameren Corp                                           | CUSIP: 02360SN38<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | STIV             | CORP              | US        |  23000000 | PA      | $23000000.00  | 1.72%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Diego Gas & Electric Co             | San Diego Gas & Electric Co                           | CUSIP: 79744KN30<br>LEI: KNIRVXKVNJJ4P8OTMS63 | Long             | STIV             | CORP              | US        |  20000000 | PA      | $20000000.00  | 1.50%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                             | Oracle Corp                                           | CUSIP: 6840C3NC3<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | STIV             | CORP              | US        |  27148000 | PA      | $27116440.45  | 2.03%             | 2023-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PPL Electric Utilities Corp             | PPL Electric Utilities Corp                           | CUSIP: 6935A3NC3<br>LEI: 549300GCZLSGYEYPIR35 | Long             | STIV             | CORP              | US        |  14000000 | PA      | $13983725.00  | 1.05%             | 2023-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Service Co of Colorado           | Public Service Co of Colorado                         | CUSIP: 74444RNB1<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24973888.89  | 1.87%             | 2023-01-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp                   | Oglethorpe Power Corp                                 | CUSIP: 67705BNB4<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | STIV             | CORP              | US        |   9665000 | PA      | $9655012.83   | 0.72%             | 2023-01-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HP Inc                                  | HP Inc                                                | CUSIP: 44331CNH0<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | STIV             | CORP              | US        |  28000000 | PA      | $27947962.78  | 2.09%             | 2023-01-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Union Electric Co                       | Union Electric Co                                     | CUSIP: 90655KNL4<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | STIV             | CORP              | US        |    500000 | PA      | $498878.47    | 0.04%             | 2023-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Evergy Missouri West Inc                | Evergy Missouri West Inc                              | CUSIP: 30037NN33<br>LEI: EZIFUDC0VSUS6T6LCG85 | Long             | STIV             | CORP              | US        |  22000000 | PA      | $22000000.00  | 1.65%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PPL Electric Utilities Corp             | PPL Electric Utilities Corp                           | CUSIP: 6935A3NH2<br>LEI: 549300GCZLSGYEYPIR35 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $998133.33    | 0.07%             | 2023-01-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ONE Gas Inc                             | ONE Gas Inc                                           | CUSIP: 68236BN38<br>LEI: 549300HXDWI0LATTX840 | Long             | STIV             | CORP              | US        |   3000000 | PA      | $3000000.00   | 0.22%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                | Electricite de France SA                              | CUSIP: 28504HNL4<br>LEI: 549300X3UK4GG3FNMO06 | Long             | STIV             | CORP              | FR        |  11361000 | PA      | $11334497.31  | 0.85%             | 2023-01-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC | Mercedes-Benz Finance North America LLC               | CUSIP: 58768KNH4<br>LEI: 549300423Z16BB673J12 | Long             | STIV             | CORP              | US        |  28000000 | PA      | $27948822.22  | 2.09%             | 2023-01-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virginia Electric and Power Co          | Virginia Electric and Power Co                        | CUSIP: 92780KNJ3<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | STIV             | CORP              | US        |   3140000 | PA      | $3134047.08   | 0.23%             | 2023-01-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Exelon Corp                             | Exelon Corp                                           | CUSIP: 3016A3N50<br>LEI: 3SOUA6IRML7435B56G12 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24993611.11  | 1.87%             | 2023-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| General Mills Inc                       | General Mills Inc                                     | CUSIP: 3703E1NC8<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $998875.00    | 0.07%             | 2023-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Power and Light Co            | Wisconsin Power and Light Co                          | CUSIP: 97682SN54<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24993750.00  | 1.87%             | 2023-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Inc                  | CenterPoint Energy Inc                                | CUSIP: 1518T3N32<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | STIV             | CORP              | US        |  23000000 | PA      | $23000000.00  | 1.72%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Delmarva Power & Light Co               | Delmarva Power & Light Co                             | CUSIP: 24710SN39<br>LEI: NJ98T8DDD027ZFXUDB24 | Long             | STIV             | CORP              | US        |   8500000 | PA      | $8500000.00   | 0.64%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Emerson Electric Co                     | Emerson Electric Co                                   | CUSIP: 29101BNQ1<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | STIV             | CORP              | US        |  18000000 | PA      | $17954850.00  | 1.34%             | 2023-01-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| McCormick & Co Inc/MD                   | McCormick & Co Inc/MD                                 | CUSIP: 57978DNA3<br>LEI: 549300JQQA6MQ4OJP259 | Long             | STIV             | CORP              | US        |    657000 | PA      | $656431.51    | 0.05%             | 2023-01-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co                         | DTE Electric Co                                       | CUSIP: 23336KN65<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | STIV             | CORP              | US        |   2947000 | PA      | $2945894.88   | 0.22%             | 2023-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ryder System Inc                        | Ryder System Inc                                      | CUSIP: 78355BNJ7<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4990312.50   | 0.37%             | 2023-01-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp     | Caterpillar Financial Services Corp                   | CUSIP: 14912ENQ6<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $997509.16    | 0.07%             | 2023-01-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Entergy Corp                            | Entergy Corp                                          | CUSIP: 29366GN31<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | STIV             | CORP              | US        |  14000000 | PA      | $14000000.00  | 1.05%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc                    | WEC Energy Group Inc                                  | CUSIP: 92930WN31<br>LEI: 549300IGLYTZUK3PVP70 | Long             | STIV             | CORP              | US        |  26000000 | PA      | $26000000.00  | 1.94%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ryder System Inc                        | Ryder System Inc                                      | CUSIP: 78355BN65<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | STIV             | CORP              | US        |   3100000 | PA      | $3098798.75   | 0.23%             | 2023-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Southern Co Gas Capital Corp            | Southern Co Gas Capital Corp                          | CUSIP: 8426EMNK7<br>LEI: E8CD46SWUD2TSN8PA636 | Long             | STIV             | CORP              | US        |  10774000 | PA      | $10751398.54  | 0.80%             | 2023-01-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mitsubishi HC Capital America Inc       | Mitsubishi HC Capital America Inc                     | CUSIP: 60678NNH3<br>LEI: SAG6K2J487EOB0C5BI47 | Long             | STIV             | CORP              | US        |  20000000 | PA      | $19962666.67  | 1.49%             | 2023-01-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Arizona Public Service Co               | Arizona Public Service Co                             | CUSIP: 04056BN55<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $24993722.22  | 1.87%             | 2023-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TELUS Corp                              | TELUS Corp                                            | CUSIP: 87974WNH7<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | STIV             | CORP              | CA        |   7000000 | PA      | $6987613.89   | 0.52%             | 2023-01-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TELUS Corp                              | TELUS Corp                                            | CUSIP: 87974WN95<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | STIV             | CORP              | CA        |  17500000 | PA      | $17486583.33  | 1.31%             | 2023-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                      | Vodafone Group PLC                                    | CUSIP: 92857MN40<br>LEI: 213800TB53ELEUKM7Q61 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999868.89    | 0.07%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Electricite de France SA                | Electricite de France SA                              | CUSIP: 28504HND2<br>LEI: 549300X3UK4GG3FNMO06 | Long             | STIV             | CORP              | FR        |  10272000 | PA      | $10257904.53  | 0.77%             | 2023-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Archer-Daniels-Midland Co               | Archer-Daniels-Midland Co                             | CUSIP: 03948HND9<br>LEI: 549300LO13MQ9HYSTR83 | Long             | STIV             | CORP              | US        |   2800000 | PA      | $2796888.89   | 0.21%             | 2023-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cargill Global Funding PLC              | Cargill Global Funding PLC                            | CUSIP: 14177UN31<br>LEI: QP3XKRKS0CX2T3O07L95 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $25000000.00  | 1.87%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Evergy Missouri West Inc                | Evergy Missouri West Inc                              | CUSIP: 30037NND1<br>LEI: EZIFUDC0VSUS6T6LCG85 | Long             | STIV             | CORP              | US        |    600000 | PA      | $599216.67    | 0.04%             | 2023-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                             | Oracle Corp                                           | CUSIP: 6840C3N66<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999620.83    | 0.07%             | 2023-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ryder System Inc                        | Ryder System Inc                                      | CUSIP: 78355BN57<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | STIV             | CORP              | US        |   1400000 | PA      | $1399636.00   | 0.10%             | 2023-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Avangrid Inc                            | Avangrid Inc                                          | CUSIP: 05353BN94<br>LEI: 549300OX0Q38NLSKPB49 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999241.67    | 0.07%             | 2023-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Co of New York Inc  | Consolidated Edison Co of New York Inc                | CUSIP: 20911MNA1<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999099.72    | 0.07%             | 2023-01-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cintas Corp No 2                        | Cintas Corp No 2                                      | CUSIP: 1725E3ND7<br>LEI: 549300QVUQTTKMTE0G41 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $998708.33    | 0.07%             | 2023-01-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Avangrid Inc                            | Avangrid Inc                                          | CUSIP: 05353BNK9<br>LEI: 549300OX0Q38NLSKPB49 | Long             | STIV             | CORP              | US        |  26000000 | PA      | $25947075.55  | 1.94%             | 2023-01-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PPL Electric Utilities Corp             | PPL Electric Utilities Corp                           | CUSIP: 6935A3N58<br>LEI: 549300GCZLSGYEYPIR35 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $14996166.67  | 1.12%             | 2023-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mondelez International Inc              | Mondelez International Inc                            | CUSIP: 60920WNH9<br>LEI: 549300DV9GIB88LZ5P30 | Long             | STIV             | CORP              | US        |   8000000 | PA      | $7985440.00   | 0.60%             | 2023-01-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Clorox Co/The                           | Clorox Co/The                                         | CUSIP: 18905MN39<br>LEI: 54930044KVSC06Z79I06 | Long             | STIV             | CORP              | US        |   3000000 | PA      | $3000000.00   | 0.22%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Delmarva Power & Light Co               | Delmarva Power & Light Co                             | CUSIP: 24710SN96<br>LEI: NJ98T8DDD027ZFXUDB24 | Long             | STIV             | CORP              | US        |   4000000 | PA      | $3996866.67   | 0.30%             | 2023-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                      | Vodafone Group PLC                                    | CUSIP: 92857MN57<br>LEI: 213800TB53ELEUKM7Q61 | Long             | STIV             | CORP              | US        |  28000000 | PA      | $27992797.78  | 2.09%             | 2023-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DTE Electric Co                         | DTE Electric Co                                       | CUSIP: 23336KN32<br>LEI: 9N0FWODEJVKHC2DYLO03 | Long             | STIV             | CORP              | US        |   6000000 | PA      | $6000000.00   | 0.45%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vodafone Group PLC                      | Vodafone Group PLC                                    | CUSIP: 92857MN32<br>LEI: 213800TB53ELEUKM7Q61 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.07%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Consolidated Edison Co of New York Inc  | Consolidated Edison Co of New York Inc                | CUSIP: 20911MN45<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | STIV             | CORP              | US        |  28000000 | PA      | $27996476.67  | 2.09%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AutoZone Inc                            | AutoZone Inc                                          | CUSIP: 05333UN63<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | STIV             | CORP              | US        |   3000000 | PA      | $2998887.50   | 0.22%             | 2023-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ONE Gas Inc                             | ONE Gas Inc                                           | CUSIP: 68236BNA2<br>LEI: 549300HXDWI0LATTX840 | Long             | STIV             | CORP              | US        |   1450000 | PA      | $1448660.76   | 0.11%             | 2023-01-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dollar General Corp                     | Dollar General Corp                                   | CUSIP: 25667MN32<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | STIV             | CORP              | US        |  30000000 | PA      | $30000000.00  | 2.24%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy South Carolina Inc      | Dominion Energy South Carolina Inc                    | CUSIP: 25731ENA6<br>LEI: 3QRVFYR22IUIEOORTK28 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999125.00    | 0.07%             | 2023-01-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| McCormick & Co Inc/MD                   | McCormick & Co Inc/MD                                 | CUSIP: 57978DN47<br>LEI: 549300JQQA6MQ4OJP259 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999871.67    | 0.07%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp                           | Amphenol Corp                                         | CUSIP: 03209MN67<br>LEI: 549300D3L3G0R4U4VT04 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999612.50    | 0.07%             | 2023-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Entergy Corp                            | Entergy Corp                                          | CUSIP: 29366GN49<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | STIV             | CORP              | US        |   9528000 | PA      | $9526848.70   | 0.71%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy South Carolina Inc      | Dominion Energy South Carolina Inc                    | CUSIP: 25731EN32<br>LEI: 3QRVFYR22IUIEOORTK28 | Long             | STIV             | CORP              | US        |  25000000 | PA      | $25000000.00  | 1.87%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Edison Co                  | Commonwealth Edison Co                                | CUSIP: 20279WN31<br>LEI: D8YOXB8L2ZDC8P7Q0771 | Long             | STIV             | CORP              | US        |  30000000 | PA      | $30000000.00  | 2.24%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp                   | Oglethorpe Power Corp                                 | CUSIP: 67705BNC2<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | STIV             | CORP              | US        |  13912000 | PA      | $13895131.70  | 1.04%             | 2023-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp                   | Oglethorpe Power Corp                                 | CUSIP: 67705BNK4<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $997822.22    | 0.07%             | 2023-01-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TRISTATE INSURED CASH SWEEP             | TRISTATE INSURED CASH SWEEP                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        | 151222474 | PA      | $151222473.87 | 11.31%            | 2050-10-01      | Variable      | 4.55%                 | No            |                  2 | On Loan: No      |
| Cintas Corp No 2                        | Cintas Corp No 2                                      | CUSIP: 1725E3N62<br>LEI: 549300QVUQTTKMTE0G41 | Long             | STIV             | CORP              | US        |  16000000 | PA      | $15993866.67  | 1.20%             | 2023-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc                    | WEC Energy Group Inc                                  | CUSIP: 92930WN98<br>LEI: 549300IGLYTZUK3PVP70 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $999228.34    | 0.07%             | 2023-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tyco Electronics Group SA               | Tyco Electronics Group SA                             | CUSIP: 90212JN33<br>LEI: C33G1C5SYE2YM95EE712 | Long             | STIV             | CORP              | LU        |  24700000 | PA      | $24700000.00  | 1.85%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| FED HOME LN DISCOUNT NT                 | Federal Home Loan Bank Discount Notes                 | CUSIP: 313384AF6<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    100000 | PA      | $99964.36     | 0.01%             | 2023-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Peoples Gas Light & Coke Co/The         | Peoples Gas Light & Coke Co/The                       | CUSIP: 71112KN49<br>LEI: 549300VH4MUMYIT6HH52 | Long             | STIV             | CORP              | US        |  28000000 | PA      | $27996422.22  | 2.09%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| General Mills Inc                       | General Mills Inc                                     | CUSIP: 3703E1N95<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | STIV             | CORP              | US        |  27000000 | PA      | $26979683.33  | 2.02%             | 2023-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mondelez International Inc              | Mondelez International Inc                            | CUSIP: 60920WN30<br>LEI: 549300DV9GIB88LZ5P30 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $1000000.00   | 0.07%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Gas LLC                       | Wisconsin Gas LLC                                     | CUSIP: 97670SN90<br>LEI: 549300FGW43XR75F1O70 | Long             | STIV             | CORP              | US        |  26000000 | PA      | $25980066.67  | 1.94%             | 2023-01-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co                           | DTE Energy Co                                         | CUSIP: 23333GNC4<br>LEI: 549300IX8SD6XXD71I78 | Long             | STIV             | CORP              | US        |   7000000 | PA      | $6991862.50   | 0.52%             | 2023-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp             | American Honda Finance Corp                           | CUSIP: 02665KN60<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | STIV             | CORP              | US        |  22033000 | PA      | $22025104.84  | 1.65%             | 2023-01-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TVA DISCOUNT NOTE                       | Tennessee Valley Authority Discount Notes             | CUSIP: 880592AD2<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   2000000 | PA      | $1999762.40   | 0.15%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cintas Corp No 2                        | Cintas Corp No 2                                      | CUSIP: 1725E3NA3<br>LEI: 549300QVUQTTKMTE0G41 | Long             | STIV             | CORP              | US        |   2000000 | PA      | $1998220.84   | 0.15%             | 2023-01-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hitachi America Capital Ltd             | Hitachi America Capital Ltd                           | CUSIP: 4335P3N40<br>LEI: 549300FT5PAYBG3RQJ06 | Long             | STIV             | CORP              | US        |   3300000 | PA      | $3299576.50   | 0.25%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp                           | Amphenol Corp                                         | CUSIP: 03209MN42<br>LEI: 549300D3L3G0R4U4VT04 | Long             | STIV             | CORP              | US        |  28000000 | PA      | $27996500.00  | 2.09%             | 2023-01-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-26

**Name of Applicant:** THORNBURG INVESTMENT TRUST

**Signature:** Christopher Luckham

**Name of Signer:** Christopher Luckham

**Title:** Manager - Fund Admin