# EDGAR Filing Document

**Accession Number:** 0000844779
**File Stem:** 0001752724-23-068544
**Filing Date:** 2023-3
**Character Count:** 113117
**Document Hash:** 2670481126e5b1c31adee5a582d193a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-068544.hdr.sgml**: 20230328

**ACCESSION NUMBER**: 0001752724-23-068544

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230328

**DATE AS OF CHANGE**: 20230328

**PERIOD START**: 20230731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK FUNDS
- **CENTRAL INDEX KEY:** 0000844779
- **IRS NUMBER:** 510318674
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05742
- **FILM NUMBER:** 23767024

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** COMPASS CAPITAL FUNDS\
- **DATE OF NAME CHANGE:** 19961114

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PNC FUND
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NCP FUNDS
- **DATE OF NAME CHANGE:** 19890511

## Series and Classes Contracts Data

### BlackRock Short Obligations Fund (Series ID: S000038550)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000119004 | Class K Shares       |  |
| C000129315 | Institutional Shares |  |
| C000198747 | Investor A 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:** BlackRock Funds

- **b. Investment Company Act file number:** 811-05742

- **c. CIK number of Registrant:** 0000844779

- **d. LEI of Registrant:** 549300OZUEVJZHOBFP42

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock Short Obligations Fund

- **b. EDGAR series identifier (if any):** S000038550

- **c. LEI of Series:** 549300XULCSJN4492O72

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

- **a. Date of fiscal year-end:** 2023-07-31

- **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:** $1875373462.21

**Total Liabilities:** $12381139.28

**Net Assets:** $1862992322.93

**Cash Not Reported:** $24956.82

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 9497.98000000 | **1-Year:** 94570.69000000 | **5-Year:** 19764.50000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **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 C000198747 | 0.42%                | 0.47%                | 0.49%                |
| Class ID C000129315 | 0.44%                | 0.38%                | 0.61%                |
| Class ID C000119004 | 0.45%                | 0.49%                | 0.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2540365.56             | $7728223.48                                |
| Month 2  | $-454234.69              | $2689808.92                                |
| Month 3  | $-653885.04              | $6235213.70                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                               | Title                                                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| County of Miami-Dade                               | County of Miami-Dade, Series 2020B                                                                     | CUSIP: 59333NN90<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7439628.38   | 0.40%             | 2023-04-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Hormel Foods Corp.                                 | Hormel Foods Corp.                                                                                     | CUSIP: 440452AG5<br>LEI: MSD54751OJP1FS2ND863 | Long             | DBT              | CORP              | US        |   5565000 | PA      | $5277360.23   | 0.28%             | 2024-06-03      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                                                        | CUSIP: 65558RAA7<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   4425000 | PA      | $4300873.84   | 0.23%             | 2025-06-06      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                 | Banco Santander SA                                                                                     | CUSIP: N/A<br>LEI: 5493006QMFDDMYWIAM13       | Long             | DBT              | CORP              | ES        |   6800000 | PA      | $6658424.00   | 0.36%             | 2024-06-30      | Floating      | 0.70%                 | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                                                        | CUSIP: 65557CBE2<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   4255000 | PA      | $4197182.55   | 0.23%             | 2023-06-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Roche Holdings, Inc.                               | Roche Holdings, Inc.                                                                                   | CUSIP: 771196BR2<br>LEI: PVJRP0EQNV6OGDPZGY95 | Long             | DBT              | CORP              | US        |   5370000 | PA      | $5358112.27   | 0.29%             | 2024-03-05      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| UBS AG                                             | UBS AG                                                                                                 | CUSIP: 902674YL8<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   6775000 | PA      | $6766659.98   | 0.36%             | 2024-08-09      | Floating      | 4.79%                 | No            |                  2 | On Loan: No      |
| Svenska Handelsbanken AB                           | Svenska Handelsbanken AB                                                                               | CUSIP: 86959LAJ2<br>LEI: NHBDILHZTYCNBV5UYZ31 | Long             | DBT              | CORP              | SE        |   6600000 | PA      | $6427587.61   | 0.35%             | 2025-06-10      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Eversource Energy                                  | Eversource Energy, Series T                                                                            | CUSIP: 30040WAM0<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |  19015000 | PA      | $18974310.75  | 1.02%             | 2023-08-15      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs & Co. LLC                            | Goldman Sachs & Co. LLC                                                                                | CUSIP: N/A<br>LEI: FOR8UP27PHTHYVLBNG30       | Long             | RA               | CORP              | US        |  50000000 | PA      | $50000000.00  | 2.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                       | Ford Credit Auto Owner Trust, Series 2022-B, Class A2A                                                 | CUSIP: 34534LAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3460920 | PA      | $3434073.75   | 0.18%             | 2025-02-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc.                                                                  | CUSIP: 65339KBX7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19972000.00  | 1.07%             | 2023-11-03      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                                                         | CUSIP: 6174468T9<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14992650.00  | 0.80%             | 2023-11-10      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Siemens Financieringsmaatschappij NV               | Siemens Financieringsmaatschappij NV                                                                   | CUSIP: 82620KBB8<br>LEI: TAFO772JB70PDRN5VS48 | Long             | DBT              | CORP              | NL        |  18980000 | PA      | $18975836.55  | 1.02%             | 2024-03-11      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Spears/Lifers Trust                  | Deutsche Bank Spears/Lifers Trust, Series DBE-8901                                                     | CUSIP: 25155W4V8<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  43500000 | PA      | $43500000.00  | 2.33%             | 2031-04-01      | Variable      | 4.52%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp.                                       | NVIDIA Corp.                                                                                           | CUSIP: 67066GAL8<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3789861.68   | 0.20%             | 2024-06-14      | Fixed         | 0.58%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                          | Florida Power & Light Co.                                                                              | CUSIP: 341081GH4<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   2505000 | PA      | $2499266.36   | 0.13%             | 2024-01-12      | Floating      | 4.69%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust                       | Ford Credit Auto Owner Trust, Series 2022-A, Class A2                                                  | CUSIP: 345286AB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2521776 | PA      | $2495697.71   | 0.13%             | 2024-09-15      | Fixed         | 0.73%                 | No            |                  2 | On Loan: No      |
| Nationwide Building Society                        | Nationwide Building Society                                                                            | CUSIP: 63859UBG7<br>LEI: 549300XFX12G42QIKN82 | Long             | DBT              | CORP              | GB        |   1520000 | PA      | $1453341.43   | 0.08%             | 2024-01-22      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC            | Mercedes-Benz Finance North America LLC                                                                | CUSIP: 58768KPT6<br>LEI: 549300423Z16BB673J12 | Long             | STIV             | CORP              | US        |   6000000 | PA      | $5978571.00   | 0.32%             | 2023-02-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                             | UBS AG                                                                                                 | CUSIP: 902674YU8<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   4430000 | PA      | $4154495.42   | 0.22%             | 2025-01-13      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| TransCanada PipeLines Ltd.                         | TransCanada PipeLines Ltd.                                                                             | CUSIP: 89352HBB4<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |  22930000 | PA      | $21452273.86  | 1.15%             | 2024-10-12      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Nestle Holdings, Inc.                              | Nestle Holdings, Inc.                                                                                  | CUSIP: 641062BA1<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |   6200000 | PA      | $6133630.55   | 0.33%             | 2025-09-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                        | Capital One Financial Corp.                                                                            | CUSIP: 14040HCQ6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   6800000 | PA      | $6689197.20   | 0.36%             | 2025-05-09      | Variable      | 4.17%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                          | Toyota Motor Credit Corp.                                                                              | CUSIP: 89236TJM8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |  13366000 | PA      | $13365431.68  | 0.72%             | 2023-02-13      | Floating      | 4.50%                 | No            |                  2 | On Loan: No      |
| Amcor Flexibles North America, Inc.                | Amcor Flexibles North America, Inc.                                                                    | CUSIP: 02343CP33<br>LEI: PTVU09TE3QPJPL7K4E13 | Long             | STIV             | CORP              | US        |   3860000 | PA      | $3858516.80   | 0.21%             | 2023-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey            | Port Authority of New York & New Jersey, Series 2020AAA                                                | CUSIP: 73358W4V3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   4140000 | PA      | $4075902.20   | 0.22%             | 2023-07-01      | Fixed         | 1.09%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                     | BNP Paribas SA                                                                                         | CUSIP: N/A<br>LEI: R0MUWSFPU8MPRO8K5P83       | Long             | RA               | CORP              | FR        |  25000000 | PA      | $25000000.00  | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Landesbank                              | Bayerische Landesbank                                                                                  | CUSIP: 0727MCQW0<br>LEI: 549300DJ6F1V4GISFC11 | Long             | STIV             | CORP              | DE        |  12000000 | PA      | $11807672.16  | 0.63%             | 2023-06-27      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| National Australia Bank Ltd.                       | National Australia Bank Ltd.                                                                           | CUSIP: 63254FP19<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | STIV             | CORP              | AU        |  34200000 | PA      | $34195902.50  | 1.84%             | 2023-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                       | Verizon Communications, Inc.                                                                           | CUSIP: 92343VGD0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |  16955000 | PA      | $16918451.46  | 0.91%             | 2024-03-22      | Floating      | 4.82%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services, Inc.       | Fidelity National Information Services, Inc.                                                           | CUSIP: 31622GPT8<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4982273.75   | 0.27%             | 2023-02-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.                  | Philip Morris International, Inc.                                                                      | CUSIP: 718172CT4<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5034989.10   | 0.27%             | 2024-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Chevron USA, Inc.                                  | Chevron USA, Inc.                                                                                      | CUSIP: 166756AK2<br>LEI: VA8TZDWPEZYU430RZ444 | Long             | DBT              | CORP              | US        |  35515000 | PA      | $35508973.46  | 1.91%             | 2023-08-11      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Alinghi Funding Co. LLC                            | Alinghi Funding Co. LLC                                                                                | CUSIP: 01627C2U7<br>LEI: 549300VRDDZC1N8S3N22 | Long             | STIV             | CORP              | US        |   6500000 | PA      | $6434656.93   | 0.35%             | 2023-04-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of New York Mellon Corp. (The)                | Bank of New York Mellon Corp. (The)                                                                    | CUSIP: 06406RBF3<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | DBT              | CORP              | US        |   6600000 | PA      | $6487664.70   | 0.35%             | 2025-06-13      | Variable      | 3.43%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust            | Hyundai Auto Lease Securitization Trust, Series 2021-C, Class A2                                       | CUSIP: 44933MAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1944406 | PA      | $1935966.03   | 0.10%             | 2024-01-16      | Fixed         | 0.24%                 | No            |                  2 | On Loan: No      |
| American Express Co.                               | American Express Co.                                                                                   | CUSIP: 025816CV9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2695000 | PA      | $2648614.98   | 0.14%             | 2024-05-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Reckitt Benckiser Treasury Services plc            | Reckitt Benckiser Treasury Services plc                                                                | CUSIP: 7562E1PT5<br>LEI: 213800LAXWIUOOBZ3908 | Long             | STIV             | CORP              | GB        |   8175000 | PA      | $8146275.09   | 0.44%             | 2023-02-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade                               | County of Miami-Dade, Series 2021A                                                                     | CUSIP: 59333NS61<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972271.50    | 0.05%             | 2023-10-01      | Fixed         | 0.71%                 | No            |                  2 | On Loan: No      |
| Florida Power & Light Co.                          | Florida Power & Light Co.                                                                              | CUSIP: 341081GD3<br>LEI: A89MY1K3YLIGJMYWVX50 | Long             | DBT              | CORP              | US        |   5120000 | PA      | $5114776.68   | 0.27%             | 2023-05-10      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                    | Sumitomo Mitsui Trust Bank Ltd.                                                                        | CUSIP: 86563VAQ2<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |  11306000 | PA      | $11014636.80  | 0.59%             | 2023-09-12      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Mizuho Securities USA LLC                          | Mizuho Securities USA LLC                                                                              | CUSIP: N/A<br>LEI: 7TK5RJIZDFROZCA6XF66       | Long             | RA               | CORP              | US        |   3500000 | PA      | $3500000.00   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Infrastructure Holdings Canada, Inc.    | Brookfield Infrastructure Holdings Canada, Inc.                                                        | CUSIP: 11275NQM9<br>LEI: 549300GV8LYH0T7DZO77 | Long             | STIV             | CORP              | CA        |   4086000 | PA      | $4058954.44   | 0.22%             | 2023-03-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Barton Capital SA                                  | Barton Capital SA                                                                                      | CUSIP: 06945MQV1<br>LEI: 549300KOFKIMD0C37W24 | Long             | STIV             | CORP              | LU        |   5000000 | PA      | $4963084.60   | 0.27%             | 2023-03-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                   | Deutsche Bank AG                                                                                       | CUSIP: 251526CQ0<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   3900000 | PA      | $3849573.00   | 0.21%             | 2025-05-13      | Fixed         | 4.16%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Co.                               | Vulcan Materials Co.                                                                                   | CUSIP: 92919UPD6<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | STIV             | CORP              | US        |  11600000 | PA      | $11579574.95  | 0.62%             | 2023-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bell Telephone Co. of Canada                       | Bell Telephone Co. of Canada, Series US-3                                                              | CUSIP: 0778FPAC3<br>LEI: 549300JYAVAQRV5MNZ86 | Long             | DBT              | CORP              | CA        |   8000000 | PA      | $7636418.64   | 0.41%             | 2024-03-17      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                       | Nutrien Ltd.                                                                                           | CUSIP: 67077VQL5<br>LEI: 5493002QQ7GD21OWF963 | Long             | STIV             | CORP              | CA        |   2330000 | PA      | $2314982.38   | 0.12%             | 2023-03-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                       | American Honda Finance Corp.                                                                           | CUSIP: 02665WDP3<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   5790000 | PA      | $5798413.39   | 0.31%             | 2023-09-08      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| Brighthouse Financial Global Funding               | Brighthouse Financial Global Funding                                                                   | CUSIP: 10921U2G2<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4820394.00   | 0.26%             | 2023-12-15      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                                                       | CUSIP: 06373L2V0<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |   5000000 | PA      | $4972707.25   | 0.27%             | 2023-05-12      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| AT&T, Inc.                                         | AT&T, Inc.                                                                                             | CUSIP: 0020A3PD6<br>LEI: 549300Z40J86GGSTL398 | Long             | STIV             | CORP              | US        |   3805000 | PA      | $3798531.08   | 0.20%             | 2023-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Taxable Municipal Funding Trust                    | Taxable Municipal Funding Trust, Tender Option Bond Trust Receipts/Certificates, Series 2020-11        | CUSIP: 62630WEL7<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   4025000 | PA      | $4025000.00   | 0.22%             | 2030-09-01      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings, Inc.              | NextEra Energy Capital Holdings, Inc.                                                                  | CUSIP: 65339KBV1<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   9305000 | PA      | $9305264.63   | 0.50%             | 2023-03-01      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Amcor Finance USA, Inc.                            | Amcor Finance USA, Inc.                                                                                | CUSIP: 0234D5Q36<br>LEI: 549300ZMT7FVT8R77U18 | Long             | STIV             | CORP              | US        |  20000000 | PA      | $19914353.80  | 1.07%             | 2023-03-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.               | Caterpillar Financial Services Corp.                                                                   | CUSIP: 14913R2P1<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |   6730000 | PA      | $6322546.89   | 0.34%             | 2024-09-13      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.               | Mitsubishi UFJ Financial Group, Inc.                                                                   | CUSIP: 606822CH5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   9410000 | PA      | $9361212.16   | 0.50%             | 2025-07-18      | Variable      | 4.79%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                       | Nutrien Ltd.                                                                                           | CUSIP: 67077VPM4<br>LEI: 5493002QQ7GD21OWF963 | Long             | STIV             | CORP              | CA        |   2871000 | PA      | $2863028.18   | 0.15%             | 2023-02-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC            | Mercedes-Benz Finance North America LLC                                                                | CUSIP: 233851EB6<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |  16690000 | PA      | $15949614.58  | 0.86%             | 2024-03-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Barclays Bank plc                                  | Barclays Bank plc                                                                                      | CUSIP: 06742TG42<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | STIV             | CORP              | GB        |  10000000 | PA      | $10000170.20  | 0.54%             | 2023-02-03      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust                            | CarMax Auto Owner Trust, Series 2023-1, Class A2A                                                      | CUSIP: 14318DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4800000 | PA      | $4797752.64   | 0.26%             | 2026-01-15      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| E.ON SE                                            | E.ON SE                                                                                                | CUSIP: 26877KPD6<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | STIV             | CORP              | DE        |   2750000 | PA      | $2745306.82   | 0.15%             | 2023-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mizuho Floater/Residual Trust                      | Mizuho Floater/Residual Trust, Tender Option Bond Trust Receipts/Certificates, Series 2020-MIZ9035     | CUSIP: 60700HEJ4<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.27%             | 2031-03-01      | Variable      | 4.74%                 | No            |                  2 | On Loan: No      |
| Taxable Municipal Funding Trust                    | Taxable Municipal Funding Trust, Tender Option Bond Trust Receipts/Certificates, Series 2020-BTMFT-003 | CUSIP: 62630WCZ8<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |    900000 | PA      | $900000.00    | 0.05%             | 2025-01-16      | Variable      | 4.70%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                              | Dominion Energy, Inc., Series D                                                                        | CUSIP: 25746UDH9<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |  34725000 | PA      | $34767677.72  | 1.87%             | 2023-09-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| American Express Credit Account Master Trust       | American Express Credit Account Master Trust, Series 2022-4, Class A                                   | CUSIP: 02582JJX9<br>LEI: 549300Y4SA5G3GIJTP18 | Long             | ABS-O            | CORP              | US        |   5000000 | PA      | $5073284.50   | 0.27%             | 2027-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                                  | HSBC Holdings plc                                                                                      | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | DBT              | CORP              | GB        |   3785000 | PA      | $3649344.35   | 0.20%             | 2024-11-22      | Floating      | 1.16%                 | No            |                  2 | On Loan: No      |
| Kookmin Bank                                       | Kookmin Bank                                                                                           | CUSIP: 48668MW25<br>LEI: 549300XXMOJSIW8P4769 | Long             | STIV             | CORP              | KR        |  15000000 | PA      | $15000777.60  | 0.81%             | 2023-02-09      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| Home Depot, Inc. (The)                             | Home Depot, Inc. (The)                                                                                 | CUSIP: 437076CR1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |   1910000 | PA      | $1901122.51   | 0.10%             | 2025-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Corp.                                  | Duke Energy Corp.                                                                                      | CUSIP: 26441CBK0<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |  13375000 | PA      | $13360852.19  | 0.72%             | 2023-06-10      | Floating      | 4.58%                 | No            |                  2 | On Loan: No      |
| Nestle Holdings, Inc.                              | Nestle Holdings, Inc.                                                                                  | CUSIP: 641062AU8<br>LEI: 549300EAEU8YV8MQXP30 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14073364.20  | 0.76%             | 2024-09-14      | Fixed         | 0.61%                 | No            |                  2 | On Loan: No      |
| Swedbank AB                                        | Swedbank AB                                                                                            | CUSIP: 87020PAL1<br>LEI: M312WZV08Y7LYUC71685 | Long             | DBT              | CORP              | SE        |   4000000 | PA      | $3883040.00   | 0.21%             | 2023-09-25      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| Union Electric Co.                                 | Union Electric Co.                                                                                     | CUSIP: 90655KPD0<br>LEI: QMPJLLDULY5C1M8PNY21 | Long             | STIV             | CORP              | US        |   2615000 | PA      | $2610554.21   | 0.14%             | 2023-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                     | Protective Life Global Funding                                                                         | CUSIP: 74368CBB9<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   8150000 | PA      | $8083925.99   | 0.43%             | 2023-04-12      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Securities (USA) LLC                 | Credit Suisse Securities (USA) LLC                                                                     | CUSIP: N/A<br>LEI: 1V8Y6QCX6YMJ2OELII46       | Long             | RA               | CORP              | US        |  10000000 | PA      | $10000000.00  | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust            | Hyundai Auto Lease Securitization Trust, Series 2022-C, Class A2A                                      | CUSIP: 448978AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    853000 | PA      | $848081.86    | 0.05%             | 2025-01-15      | Fixed         | 4.34%                 | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                 | Canadian Imperial Bank of Commerce                                                                     | CUSIP: 13606KNA0<br>LEI: 549300H8L46OOZOFHU82 | Long             | STIV             | CORP              | CA        |   5800000 | PA      | $5782634.57   | 0.31%             | 2023-09-14      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital Services, Inc.                     | Hyundai Capital Services, Inc.                                                                         | CUSIP: 44920UAQ1<br>LEI: 549300MALMDAGL2ZJJ27 | Long             | DBT              | CORP              | KR        |  15000000 | PA      | $14510855.10  | 0.78%             | 2023-09-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| VW Credit, Inc.                                    | VW Credit, Inc.                                                                                        | CUSIP: 91842KP34<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |   4014000 | PA      | $4012462.64   | 0.22%             | 2023-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Versailles Commercial Paper LLC                    | Versailles Commercial Paper LLC                                                                        | CUSIP: 92512MU56<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   7500000 | PA      | $7342319.78   | 0.39%             | 2023-07-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Enel Finance America LLC                           | Enel Finance America LLC                                                                               | CUSIP: 29279HQL2<br>LEI: 549300EGNLVUJX1DEC60 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4965840.00   | 0.27%             | 2023-03-20      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner Trust                | Nissan Auto Receivables Owner Trust, Series 2022-B, Class A2                                           | CUSIP: 65480JAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3540000 | PA      | $3524368.42   | 0.19%             | 2025-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Starbucks Corp.                                    | Starbucks Corp.                                                                                        | CUSIP: 855244BB4<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |   3490000 | PA      | $3481483.18   | 0.19%             | 2024-02-14      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                            | Standard Chartered Bank                                                                                | CUSIP: 85325VV98<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | GB        |  10000000 | PA      | $10003809.90  | 0.54%             | 2023-05-01      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| MassMutual Global Funding II                       | MassMutual Global Funding II                                                                           | CUSIP: 57629WDK3<br>LEI: 549300K1IE3K7YU6VG29 | Long             | DBT              | CORP              | US        |   2238000 | PA      | $2209506.39   | 0.12%             | 2025-08-26      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| UBS AG                                             | UBS AG                                                                                                 | CUSIP: 902674YC8<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   5000000 | PA      | $4996471.80   | 0.27%             | 2024-02-09      | Floating      | 4.70%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                            | Hyundai Capital America                                                                                | CUSIP: 44890NQD5<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | STIV             | CORP              | US        |   4665000 | PA      | $4639460.80   | 0.25%             | 2023-03-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                           | Cooperatieve Rabobank UA                                                                               | CUSIP: 21688AAU6<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   6100000 | PA      | $6026990.50   | 0.32%             | 2024-08-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Fiserv, Inc.                                       | Fiserv, Inc.                                                                                           | CUSIP: 33774LQ19<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | STIV             | CORP              | US        |   2500000 | PA      | $2490436.05   | 0.13%             | 2023-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                             | UBS AG                                                                                                 | CUSIP: 902674YK0<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   3680000 | PA      | $3452349.50   | 0.19%             | 2024-08-09      | Fixed         | 0.70%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                       | Nutrien Ltd.                                                                                           | CUSIP: 67077VPP7<br>LEI: 5493002QQ7GD21OWF963 | Long             | STIV             | CORP              | CA        |   2129000 | PA      | $2122522.75   | 0.11%             | 2023-02-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                              | Toronto-Dominion Bank                                                                                  | CUSIP: 89115BSE1<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |   6100000 | PA      | $6069640.00   | 0.33%             | 2023-09-13      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                              | BofA Securities, Inc.                                                                                  | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |   5000000 | PA      | $5000000.00   | 0.27%             |  |  |  | No            |                  2 | On Loan: No      |
| LSEGA Financing plc                                | LSEGA Financing plc                                                                                    | CUSIP: 50220PAA1<br>LEI: 2138009YFYTGEHZNNZ09 | Long             | DBT              | CORP              | GB        |   3120000 | PA      | $2954847.36   | 0.16%             | 2024-04-06      | Fixed         | 0.65%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                              | Westpac Banking Corp.                                                                                  | CUSIP: 961214FH1<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   5500000 | PA      | $5569774.54   | 0.30%             | 2024-10-18      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Securities (USA) LLC                 | Credit Suisse Securities (USA) LLC                                                                     | CUSIP: N/A<br>LEI: 1V8Y6QCX6YMJ2OELII46       | Long             | RA               | CORP              | US        |  11000000 | PA      | $11000000.00  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                       | American Honda Finance Corp.                                                                           | CUSIP: 02665WDY4<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   2040000 | PA      | $1922600.04   | 0.10%             | 2024-08-09      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                       | Marriott International, Inc.                                                                           | CUSIP: 57163UPN0<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | STIV             | CORP              | US        |   2682000 | PA      | $2673313.30   | 0.14%             | 2023-02-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                              | Westpac Banking Corp.                                                                                  | CUSIP: 961214EU3<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   2395000 | PA      | $2247321.62   | 0.12%             | 2024-11-18      | Fixed         | 1.02%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance LLC            | Volkswagen Group of America Finance LLC                                                                | CUSIP: 928668BQ4<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   5140000 | PA      | $5135255.99   | 0.28%             | 2024-06-07      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                     | Protective Life Global Funding                                                                         | CUSIP: 74368CBA1<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9584934.40   | 0.51%             | 2024-01-12      | Fixed         | 0.47%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                 | BMW US Capital LLC                                                                                     | CUSIP: 05565EBV6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  17735000 | PA      | $17610905.90  | 0.95%             | 2024-08-12      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.              | Sumitomo Mitsui Financial Group, Inc.                                                                  | CUSIP: 86562MCT5<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   4800000 | PA      | $4875404.16   | 0.26%             | 2026-01-13      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| Wisconsin Public Service Corp.                     | Wisconsin Public Service Corp.                                                                         | CUSIP: 976843BP6<br>LEI: 549300BJRHJVYNUMQZ30 | Long             | DBT              | CORP              | US        |   2720000 | PA      | $2767403.62   | 0.15%             | 2025-11-10      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co.                                                                                   | CUSIP: 46647PCA2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $20004140.00  | 1.07%             | 2024-03-16      | Floating      | 4.90%                 | No            |                  2 | On Loan: No      |
| CenterPoint Energy Resources Corp.                 | CenterPoint Energy Resources Corp.                                                                     | CUSIP: 15200LP94<br>LEI: 2JADVB0458J06WCD4N56 | Long             | STIV             | CORP              | US        |   6300000 | PA      | $6292550.25   | 0.34%             | 2023-02-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brookfield Renewable Partners LP                   | Brookfield Renewable Partners LP                                                                       | CUSIP: 11284XP62<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | STIV             | CORP              | BM        |   2100000 | PA      | $2098361.64   | 0.11%             | 2023-02-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| E.ON SE                                            | E.ON SE                                                                                                | CUSIP: 26877KPQ7<br>LEI: Q9MAIUP40P25UFBFG033 | Long             | STIV             | CORP              | DE        |   2875000 | PA      | $2865886.25   | 0.15%             | 2023-02-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Owner Trust                            | BMW Vehicle Owner Trust, Series 2022-A, Class A2A                                                      | CUSIP: 05602RAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4566691 | PA      | $4518248.94   | 0.24%             | 2024-12-26      | Fixed         | 2.52%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                 | New York State Dormitory Authority, Series 2022B                                                       | CUSIP: 64990FX82<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    705000 | PA      | $702547.78    | 0.04%             | 2023-03-15      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| Korea Development Bank (The)                       | Korea Development Bank (The)                                                                           | CUSIP: 500630CZ9<br>LEI: 549300ML2LNRZUCS7149 | Long             | DBT              | NUSS              | KR        |  16690000 | PA      | $16691409.80  | 0.90%             | 2023-02-18      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Mitsubishi HC Capital America, Inc.                | Mitsubishi HC Capital America, Inc.                                                                    | CUSIP: 60678NP81<br>LEI: SAG6K2J487EOB0C5BI47 | Long             | STIV             | CORP              | US        |   3280000 | PA      | $3276535.60   | 0.18%             | 2023-02-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                               | Royal Bank of Canada                                                                                   | CUSIP: 78015J5A1<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | STIV             | CORP              | CA        |  25000000 | PA      | $24891172.25  | 1.34%             | 2023-07-14      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| KeyBank NA                                         | KeyBank NA                                                                                             | CUSIP: 49327M3C6<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $5878840.80   | 0.32%             | 2024-06-14      | Variable      | 0.43%                 | No            |                  2 | On Loan: No      |
| eBay, Inc.                                         | eBay, Inc.                                                                                             | CUSIP: 278642BC6<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5681109.34   | 0.30%             | 2025-11-22      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                              | Westpac Banking Corp.                                                                                  | CUSIP: 961214EV1<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   8985000 | PA      | $8952562.62   | 0.48%             | 2024-11-18      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                        | Truist Bank                                                                                            | CUSIP: 89788JAD1<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19948492.80  | 1.07%             | 2024-01-17      | Floating      | 4.51%                 | No            |                  2 | On Loan: No      |
| TransCanada PipeLines Ltd.                         | TransCanada PipeLines Ltd.                                                                             | CUSIP: 89355QPP5<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | STIV             | CORP              | CA        |   4918000 | PA      | $4903068.95   | 0.26%             | 2023-02-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                 | BMW US Capital LLC                                                                                     | CUSIP: 05565EBQ7<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |   2680000 | PA      | $2559508.65   | 0.14%             | 2024-04-01      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Ecolab, Inc.                                       | Ecolab, Inc.                                                                                           | CUSIP: 278865BK5<br>LEI: 82DYEISM090VG8LTLS26 | Long             | DBT              | CORP              | US        |   2695000 | PA      | $2600559.38   | 0.14%             | 2023-12-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Bell Telephone Co. of Canada or Bell Canada (The)  | Bell Telephone Co. of Canada or Bell Canada (The)                                                      | CUSIP: 07787QPD2<br>LEI: 549300JYAVAQRV5MNZ86 | Long             | STIV             | CORP              | CA        |   5398000 | PA      | $5389070.36   | 0.29%             | 2023-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                              | Bank of America Corp.                                                                                  | CUSIP: 06051GJY6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |  15915000 | PA      | $15627746.35  | 0.84%             | 2024-06-14      | Variable      | 0.52%                 | No            |                  2 | On Loan: No      |
| Carmax Auto Owner Trust                            | Carmax Auto Owner Trust, Series 2022-4, Class A2A                                                      | CUSIP: 14318UAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   4509000 | PA      | $4521212.18   | 0.24%             | 2025-12-15      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                     | Thermo Fisher Scientific, Inc.                                                                         | CUSIP: 883556CQ3<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |   7495000 | PA      | $7475803.73   | 0.40%             | 2024-10-18      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Securities (USA) LLC                 | Credit Suisse Securities (USA) LLC                                                                     | CUSIP: N/A<br>LEI: 1V8Y6QCX6YMJ2OELII46       | Long             | RA               | CORP              | US        |  11000000 | PA      | $11000000.00  | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Societe Generale SA                                | Societe Generale SA                                                                                    | CUSIP: 83368RBN1<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | DBT              | CORP              | FR        |   5000000 | PA      | $4921021.75   | 0.26%             | 2025-06-13      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                       | New York Life Global Funding                                                                           | CUSIP: 64953BAX6<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   3655000 | PA      | $3657693.11   | 0.20%             | 2024-06-06      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Banque Federative du Credit Mutuel SA              | Banque Federative du Credit Mutuel SA                                                                  | CUSIP: 06675FAZ0<br>LEI: VBHFXSYT7OG62HNT8T76 | Long             | DBT              | CORP              | FR        |   4800000 | PA      | $4796322.86   | 0.26%             | 2026-01-26      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group, Inc.                             | WEC Energy Group, Inc.                                                                                 | CUSIP: 92939UAH9<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   2560000 | PA      | $2573391.41   | 0.14%             | 2025-09-27      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Macquarie Bank Ltd.                                | Macquarie Bank Ltd.                                                                                    | CUSIP: 55608PBH6<br>LEI: 4ZHCHI4KYZG2WVRT8631 | Long             | DBT              | CORP              | AU        |   5000000 | PA      | $5000495.10   | 0.27%             | 2023-04-06      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| Daimler Truck Finance North America LLC            | Daimler Truck Finance North America LLC                                                                | CUSIP: 233853AN0<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |   2545000 | PA      | $2558146.94   | 0.14%             | 2025-01-17      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                     | Thermo Fisher Scientific, Inc.                                                                         | CUSIP: 88355MP92<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | STIV             | CORP              | US        |   4900000 | PA      | $4894238.83   | 0.26%             | 2023-02-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Caterpillar Financial Services Corp.               | Caterpillar Financial Services Corp.                                                                   | CUSIP: 14913R2R7<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |  12325000 | PA      | $12292338.75  | 0.66%             | 2024-09-13      | Floating      | 4.59%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)                    | Goldman Sachs Group, Inc. (The)                                                                        | CUSIP: 38141GZE7<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3876618.24   | 0.21%             | 2023-12-06      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp.                                                     | CUSIP: 63743DPG0<br>LEI: 4NYF266XZC35SCTGX023 | Long             | STIV             | CORP              | US        |   7000000 | PA      | $6986043.54   | 0.37%             | 2023-02-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG                                   | Credit Suisse AG                                                                                       | CUSIP: 22550L2D2<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |   5000000 | PA      | $4940272.95   | 0.27%             | 2023-05-05      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                        | Long Island Power Authority, Series 2021C                                                              | CUSIP: 542691EY2<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   3885000 | PA      | $3870482.84   | 0.21%             | 2023-03-01      | Fixed         | 0.36%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                   | Deutsche Bank AG, Series E                                                                             | CUSIP: 251526CL1<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |  13175000 | PA      | $13135406.23  | 0.71%             | 2023-11-08      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| Fiserv, Inc.                                       | Fiserv, Inc.                                                                                           | CUSIP: 33774LQ27<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9960416.70   | 0.53%             | 2023-03-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Fidelity National Information Services, Inc.       | Fidelity National Information Services, Inc.                                                           | CUSIP: 31622GP27<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | STIV             | CORP              | US        |  15000000 | PA      | $14996196.60  | 0.80%             | 2023-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                     | Citigroup Global Markets, Inc.                                                                         | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |   6000000 | PA      | $6000000.00   | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Mizuho Floater/Residual Trust                      | Mizuho Floater/Residual Trust, Tender Option Bond Trust Receipts/Certificates, Series 2021-MIZ9060TX   | CUSIP: 60700HGX1<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |   3856728 | PA      | $3856728.00   | 0.21%             | 2041-02-15      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| Walmart, Inc.                                      | Walmart, Inc.                                                                                          | CUSIP: 931142EW9<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6962827.83   | 0.37%             | 2025-09-09      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG                                   | Credit Suisse AG                                                                                       | CUSIP: 22552G5Z9<br>LEI: 549300D0YARF5HYP1809 | Long             | STIV             | CORP              | CH        |   7500000 | PA      | $7491032.55   | 0.40%             | 2023-07-10      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| HSBC USA, Inc.                                     | HSBC USA, Inc.                                                                                         | CUSIP: 40434RVE9<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9724020.80   | 0.52%             | 2023-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| National Rural Utilities Cooperative Finance Corp. | National Rural Utilities Cooperative Finance Corp., Series D                                           | CUSIP: 63743HFA5<br>LEI: 4NYF266XZC35SCTGX023 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4941104.30   | 0.27%             | 2024-10-18      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Thermo Fisher Scientific, Inc.                     | Thermo Fisher Scientific, Inc.                                                                         | CUSIP: 883556CN0<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $14999405.85  | 0.81%             | 2023-04-18      | Floating      | 4.66%                 | No            |                  2 | On Loan: No      |
| PACCAR Financial Corp.                             | PACCAR Financial Corp.                                                                                 | CUSIP: 69371RR81<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |   2955000 | PA      | $2900511.16   | 0.16%             | 2024-06-13      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Atmos Energy Corp.                                 | Atmos Energy Corp.                                                                                     | CUSIP: 049560AV7<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | DBT              | CORP              | US        |  23770000 | PA      | $23768718.80  | 1.28%             | 2023-03-09      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| KeyBank NA                                         | KeyBank NA                                                                                             | CUSIP: 49327M3E2<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2026443.08   | 0.11%             | 2025-08-08      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust                               | Chase Issuance Trust, Series 2022-A1, Class A                                                          | CUSIP: 161571HS6<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |   4700000 | PA      | $4651852.73   | 0.25%             | 2027-09-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC            | Mercedes-Benz Finance North America LLC                                                                | CUSIP: 58768KP66<br>LEI: 549300423Z16BB673J12 | Long             | STIV             | CORP              | US        |  10000000 | PA      | $9992198.30   | 0.54%             | 2023-02-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Protective Life Global Funding                     | Protective Life Global Funding                                                                         | CUSIP: 74368CAZ7<br>LEI: 635400EVYITCJYWL2I50 | Long             | DBT              | CORP              | US        |   5670000 | PA      | $5500859.59   | 0.30%             | 2023-10-13      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| Bank of Montreal                                   | Bank of Montreal                                                                                       | CUSIP: 06367CYR2<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | STIV             | CORP              | CA        |   5000000 | PA      | $5008030.60   | 0.27%             | 2023-10-13      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Europacific Partners plc                 | Coca-Cola Europacific Partners plc                                                                     | CUSIP: 19123MAD5<br>LEI: 549300LTH67W4GWMRF57 | Long             | DBT              | CORP              | GB        |  28000000 | PA      | $27682813.76  | 1.49%             | 2023-05-05      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                                 | Banco Santander SA                                                                                     | CUSIP: 05971KAM1<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   6800000 | PA      | $6699458.94   | 0.36%             | 2024-05-24      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II                   | Principal Life Global Funding II                                                                       | CUSIP: 74256LEQ8<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    705000 | PA      | $660770.92    | 0.04%             | 2024-08-23      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                       | Nutrien Ltd.                                                                                           | CUSIP: 67077VQF8<br>LEI: 5493002QQ7GD21OWF963 | Long             | STIV             | CORP              | CA        |  20000000 | PA      | $19884807.80  | 1.07%             | 2023-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                              | Lockheed Martin Corp.                                                                                  | CUSIP: 539830BU2<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $2254332.88   | 0.12%             | 2025-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                    | Sumitomo Mitsui Trust Bank Ltd.                                                                        | CUSIP: 86563VAW9<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |   8000000 | PA      | $7455046.96   | 0.40%             | 2024-09-16      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.              | Sumitomo Mitsui Financial Group, Inc.                                                                  | CUSIP: 86562MCC2<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   3380000 | PA      | $3237418.42   | 0.17%             | 2024-01-12      | Fixed         | 0.51%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                            | Hyundai Capital America                                                                                | CUSIP: 44891ABE6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |  12340000 | PA      | $12330422.19  | 0.66%             | 2023-02-10      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| American Honda Finance Corp.                       | American Honda Finance Corp.                                                                           | CUSIP: 02665WDK4<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    838000 | PA      | $823830.59    | 0.04%             | 2023-07-07      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                           | Morgan Stanley & Co. LLC                                                                               | CUSIP: N/A<br>LEI: 9R7GPTSO7KV3UQJZQ078       | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9913319.10   | 0.53%             | 2024-04-05      | Floating      | 0.73%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                              | Toronto-Dominion Bank                                                                                  | CUSIP: 89114WVW2<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |   5000000 | PA      | $4975632.00   | 0.27%             | 2023-04-28      | Fixed         | 2.69%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                              | Westpac Banking Corp.                                                                                  | CUSIP: 96130APY8<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | STIV             | CORP              | AU        |   6200000 | PA      | $6167535.75   | 0.33%             | 2023-09-06      | Fixed         | 4.22%                 | No            |                  2 | On Loan: No      |
| PPL Electric Utilities Corp.                       | PPL Electric Utilities Corp.                                                                           | CUSIP: 69351UAX1<br>LEI: 549300GCZLSGYEYPIR35 | Long             | DBT              | CORP              | US        |  10450000 | PA      | $10409915.79  | 0.56%             | 2023-09-28      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                                  | Lowe's Cos., Inc.                                                                                      | CUSIP: 548661EK9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |   4150000 | PA      | $4131774.53   | 0.22%             | 2025-09-08      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                          | T-Fund, Institutional Class                                                                            | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |     50024 | NS      | $50023.57     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| American Honda Finance Corp.                       | American Honda Finance Corp.                                                                           | CUSIP: 02665WDV0<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |   4705000 | PA      | $4704751.67   | 0.25%             | 2023-02-22      | Floating      | 4.81%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co. (The)                         | Sherwin-Williams Co. (The)                                                                             | CUSIP: 824348BQ8<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   2775000 | PA      | $2743442.42   | 0.15%             | 2024-08-08      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.               | Mitsubishi UFJ Financial Group, Inc.                                                                   | CUSIP: 606822CQ5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   5895000 | PA      | $5887791.83   | 0.32%             | 2025-09-12      | Variable      | 5.06%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                           | UnitedHealth Group, Inc.                                                                               | CUSIP: 91324PEM0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6060616.98   | 0.33%             | 2024-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                            | Hyundai Capital America                                                                                | CUSIP: 44890NPT1<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | STIV             | CORP              | US        |   2965000 | PA      | $2954410.50   | 0.16%             | 2023-02-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PPL Electric Utilities Corp.                       | PPL Electric Utilities Corp.                                                                           | CUSIP: 69351UAY9<br>LEI: 549300GCZLSGYEYPIR35 | Long             | DBT              | CORP              | US        |   8080000 | PA      | $7986298.02   | 0.43%             | 2024-06-24      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| KeyBank NA                                         | KeyBank NA                                                                                             | CUSIP: 49327M3D4<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |  14355000 | PA      | $14318179.43  | 0.77%             | 2024-06-14      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner Trust                | Toyota Auto Receivables Owner Trust, Series 2022-B, Class A2A                                          | CUSIP: 89238FAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3323670 | PA      | $3287327.57   | 0.18%             | 2025-01-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Mizuho Securities USA LLC                          | Mizuho Securities USA LLC                                                                              | CUSIP: N/A<br>LEI: 7TK5RJIZDFROZCA6XF66       | Long             | RA               | CORP              | US        |  19000000 | PA      | $19000000.00  | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Nordea Bank Abp                                    | Nordea Bank Abp                                                                                        | CUSIP: 65558RAC3<br>LEI: 529900ODI3047E2LIV03 | Long             | DBT              | CORP              | FI        |   6100000 | PA      | $6095317.82   | 0.33%             | 2025-09-22      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                           | John Deere Capital Corp.                                                                               | CUSIP: 24422EWF2<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |   4310000 | PA      | $4207122.76   | 0.23%             | 2025-06-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| HSBC USA, Inc.                                     | HSBC USA, Inc.                                                                                         | CUSIP: 40434RW73<br>LEI: 549300LBOHZ4QSIWU288 | Long             | STIV             | CORP              | US        |   5000000 | PA      | $4844783.75   | 0.26%             | 2023-09-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                           | UnitedHealth Group, Inc.                                                                               | CUSIP: 91324PEB4<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   8030000 | PA      | $7622796.05   | 0.41%             | 2024-05-15      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| BofA Securities, Inc.                              | BofA Securities, Inc.                                                                                  | CUSIP: N/A<br>LEI: 549300HN4UKV1E2R3U73       | Long             | RA               | CORP              | US        |  32000000 | PA      | $32000000.00  | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| VW Credit, Inc.                                    | VW Credit, Inc.                                                                                        | CUSIP: 91842KQ90<br>LEI: 549300UUPJ2NXDB68M19 | Long             | STIV             | CORP              | US        |   4255000 | PA      | $4234039.27   | 0.23%             | 2023-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mondelez International, Inc.                       | Mondelez International, Inc.                                                                           | CUSIP: 60920WP79<br>LEI: 549300DV9GIB88LZ5P30 | Long             | STIV             | CORP              | US        |   2300000 | PA      | $2297893.59   | 0.12%             | 2023-02-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG                                   | Credit Suisse AG                                                                                       | CUSIP: 22552G6F2<br>LEI: 549300D0YARF5HYP1809 | Long             | STIV             | CORP              | CH        |   3000000 | PA      | $2988873.99   | 0.16%             | 2024-01-19      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| TELUS Corp.                                        | TELUS Corp.                                                                                            | CUSIP: 87974WQ84<br>LEI: L2TEUTQ8OSHMJWVLCE40 | Long             | STIV             | CORP              | CA        |   3726000 | PA      | $3708152.46   | 0.20%             | 2023-03-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.                       | Verizon Communications, Inc.                                                                           | CUSIP: 92343VGF5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   3325000 | PA      | $3174365.23   | 0.17%             | 2024-03-22      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                     | Citigroup Global Markets, Inc.                                                                         | CUSIP: N/A<br>LEI: MBNUM2BPBDO7JBLYG310       | Long             | RA               | CORP              | US        |  16000000 | PA      | $16000000.00  | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Trust Bank Ltd.                    | Sumitomo Mitsui Trust Bank Ltd.                                                                        | CUSIP: 86563VAX7<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |  10000000 | PA      | $9960474.40   | 0.53%             | 2024-09-16      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Lloyds Bank Corporate Markets plc                  | Lloyds Bank Corporate Markets plc                                                                      | CUSIP: 53947CR67<br>LEI: 213800MBWEIJDM5CU638 | Long             | STIV             | CORP              | GB        |   5000000 | PA      | $5000049.25   | 0.27%             | 2023-10-12      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| Mitsubishi HC Capital America, Inc.                | Mitsubishi HC Capital America, Inc.                                                                    | CUSIP: 60678NP32<br>LEI: SAG6K2J487EOB0C5BI47 | Long             | STIV             | CORP              | US        |  15940000 | PA      | $15933841.90  | 0.86%             | 2023-02-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Spire, Inc.                                        | Spire, Inc.                                                                                            | CUSIP: 84858PPF2<br>LEI: 549300NXSY15DRY2R511 | Long             | STIV             | CORP              | US        |   4500000 | PA      | $4491129.38   | 0.24%             | 2023-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Analog Devices, Inc.                               | Analog Devices, Inc.                                                                                   | CUSIP: 032654AT2<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |   7055000 | PA      | $6968753.19   | 0.37%             | 2024-10-01      | Floating      | 4.56%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust            | Hyundai Auto Lease Securitization Trust, Series 2023-A, Class A2A                                      | CUSIP: 44933VAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2775000 | PA      | $2774806.58   | 0.15%             | 2025-04-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitization Trust            | Hyundai Auto Lease Securitization Trust, Series 2022-B, Class A2A                                      | CUSIP: 44934LAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   6270604 | PA      | $6194457.68   | 0.33%             | 2024-10-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Brookfield Renewable Partners LP                   | Brookfield Renewable Partners LP                                                                       | CUSIP: 11284XPD7<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | STIV             | CORP              | BM        |   7460000 | PA      | $7447268.69   | 0.40%             | 2023-02-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank                              | Toronto-Dominion Bank                                                                                  | CUSIP: 89114WWP6<br>LEI: PT3QB789TSUIDF371261 | Long             | STIV             | CORP              | CA        |  10000000 | PA      | $9931564.10   | 0.53%             | 2023-06-06      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Metropolitan Life Global Funding I                 | Metropolitan Life Global Funding I                                                                     | CUSIP: 59217GGW3<br>LEI: 635400MMSOCXNNNZDZ82 | Long             | DBT              | CORP              | US        |  20000000 | PA      | $19954325.40  | 1.07%             | 2024-01-07      | Floating      | 4.63%                 | No            |                  2 | On Loan: No      |
| Unilever Capital Corp.                             | Unilever Capital Corp.                                                                                 | CUSIP: 904764BN6<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |   4635000 | PA      | $4366888.15   | 0.23%             | 2024-08-12      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| LMA-Americas LLC                                   | LMA-Americas LLC                                                                                       | CUSIP: 53944RS25<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   3000000 | PA      | $2964441.75   | 0.16%             | 2023-05-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mizuho Floater/Residual Trust                      | Mizuho Floater/Residual Trust, Tender Option Bond Trust Receipts/Certificates, Series 2020-MIZ9030     | CUSIP: 60700HDW6<br>LEI: N/A                  | Long             | STIV             | MUN               | US        |  10520000 | PA      | $10520000.00  | 0.56%             | 2023-02-01      | Variable      | 4.59%                 | No            |                  2 | On Loan: No      |
| Nutrien Ltd.                                       | Nutrien Ltd.                                                                                           | CUSIP: 67077VQ84<br>LEI: 5493002QQ7GD21OWF963 | Long             | STIV             | CORP              | CA        |   4030000 | PA      | $4010680.18   | 0.22%             | 2023-03-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BMW US Capital LLC                                 | BMW US Capital LLC                                                                                     | CUSIP: 05565EBN4<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |  15615000 | PA      | $15565402.86  | 0.84%             | 2024-04-01      | Floating      | 4.84%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                       | New York Life Global Funding                                                                           | CUSIP: 64952WET6<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   3360000 | PA      | $3289670.56   | 0.18%             | 2024-06-06      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                        | Long Island Power Authority, Series 2020C                                                              | CUSIP: 542691DP2<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   2860000 | PA      | $2850426.01   | 0.15%             | 2023-03-01      | Fixed         | 0.76%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                                    | Citigroup, Inc.                                                                                        | CUSIP: 172967NQ0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   2025000 | PA      | $2002111.32   | 0.11%             | 2025-05-24      | Variable      | 4.14%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Lease Trust                       | Ford Credit Auto Lease Trust, Series 2023-A, Class A2A                                                 | CUSIP: 345287AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1039000 | PA      | $1038346.68   | 0.06%             | 2025-06-15      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG                                   | Credit Suisse AG                                                                                       | CUSIP: 22550UAB7<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |  15000000 | PA      | $14665830.00  | 0.79%             | 2024-02-02      | Floating      | 4.73%                 | No            |                  2 | On Loan: No      |
| Truist Bank                                        | Truist Bank                                                                                            | CUSIP: 89788JAB5<br>LEI: JJKC32MCHWDI71265Z06 | Long             | DBT              | CORP              | US        |  10000000 | PA      | $9964221.70   | 0.53%             | 2023-03-09      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Principal Life Global Funding II                   | Principal Life Global Funding II                                                                       | CUSIP: 74256LER6<br>LEI: 635400WSLKBQWSOIIT41 | Long             | DBT              | CORP              | US        |    680000 | PA      | $672573.71    | 0.04%             | 2024-08-23      | Floating      | 4.71%                 | No            |                  2 | On Loan: No      |
| Atlantic Asset Securitization LLC                  | Atlantic Asset Securitization LLC                                                                      | CUSIP: 04821UUC4<br>LEI: 549300BUNY5BIX4CVW20 | Long             | STIV             | CORP              | US        |   6123000 | PA      | $5987932.74   | 0.32%             | 2023-07-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TransCanada PipeLines Ltd.                         | TransCanada PipeLines Ltd.                                                                             | CUSIP: 89355QQ66<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | STIV             | CORP              | CA        |   3000000 | PA      | $2986448.16   | 0.16%             | 2023-03-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NTT Finance Corp.                                  | NTT Finance Corp.                                                                                      | CUSIP: 62954WAH8<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   1120000 | PA      | $1107451.09   | 0.06%             | 2024-07-26      | Fixed         | 4.14%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Credit Corp.                          | Toyota Motor Credit Corp.                                                                              | CUSIP: 89236TKG9<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4976140.20   | 0.27%             | 2024-09-20      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Korea Development Bank (The)                       | Korea Development Bank (The)                                                                           | CUSIP: 5006E3SS0<br>LEI: 549300ML2LNRZUCS7149 | Long             | STIV             | CORP              | KR        |   5000000 | PA      | $4924227.80   | 0.26%             | 2023-05-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd.         | Australia & New Zealand Banking Group Ltd.                                                             | CUSIP: 05254JAA8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   3245000 | PA      | $3280713.17   | 0.18%             | 2025-12-08      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Cargill, Inc.                                      | Cargill, Inc.                                                                                          | CUSIP: 141781BY9<br>LEI: QXZYQNMR4JZ5RIRN4T31 | Long             | DBT              | CORP              | US        |   5185000 | PA      | $5217747.42   | 0.28%             | 2025-10-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| New York Life Global Funding                       | New York Life Global Funding                                                                           | CUSIP: 64952WEU3<br>LEI: 635400DPNHEAUHB7ZI15 | Long             | DBT              | CORP              | US        |   6200000 | PA      | $6041094.93   | 0.32%             | 2025-08-05      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                            | Standard Chartered Bank                                                                                | CUSIP: 85325VW89<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | GB        |   5000000 | PA      | $5004740.90   | 0.27%             | 2023-07-28      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| UBS AG                                             | UBS AG                                                                                                 | CUSIP: 902674YG9<br>LEI: BFM8T61CT2L1QCEMIK50 | Long             | DBT              | CORP              | CH        |   7525000 | PA      | $7525075.02   | 0.40%             | 2023-06-01      | Floating      | 4.65%                 | No            |                  2 | On Loan: No      |
| Enbridge, Inc.                                     | Enbridge, Inc.                                                                                         | CUSIP: 29250NBG9<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   1890000 | PA      | $1833715.69   | 0.10%             | 2023-10-04      | Fixed         | 0.55%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority      | Alabama Federal Aid Highway Finance Authority, Series 2021B                                            | CUSIP: 010268CK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2255000 | PA      | $2196138.12   | 0.12%             | 2023-09-01      | Fixed         | 0.45%                 | No            |                  2 | On Loan: No      |
| Brighthouse Financial Global Funding               | Brighthouse Financial Global Funding                                                                   | CUSIP: 10921U2F4<br>LEI: 549300BLFX3KJ2IFOA78 | Long             | DBT              | CORP              | US        |  13655000 | PA      | $13652985.48  | 0.73%             | 2023-02-24      | Floating      | 4.64%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG                                   | Credit Suisse AG                                                                                       | CUSIP: 22550L2E0<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |   2670000 | PA      | $2508744.07   | 0.13%             | 2024-02-02      | Fixed         | 0.49%                 | No            |                  2 | On Loan: No      |
| Enbridge, Inc.                                     | Enbridge, Inc.                                                                                         | CUSIP: 29250NBM6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   5520000 | PA      | $5500706.05   | 0.30%             | 2024-02-16      | Floating      | 4.97%                 | No            |                  2 | On Loan: No      |
| Mohawk Industries, Inc.                            | Mohawk Industries, Inc.                                                                                | CUSIP: 60819KP20<br>LEI: 549300JI1115MG3Q6322 | Long             | STIV             | CORP              | US        |   9230000 | PA      | $9227658.16   | 0.50%             | 2023-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brookfield Infrastructure Holdings Canada, Inc.    | Brookfield Infrastructure Holdings Canada, Inc.                                                        | CUSIP: 11275NQE7<br>LEI: 549300GV8LYH0T7DZO77 | Long             | STIV             | CORP              | CA        |   5000000 | PA      | $4971766.65   | 0.27%             | 2023-03-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                   | Deutsche Bank AG, Series E                                                                             | CUSIP: 251526CM9<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | DBT              | CORP              | DE        |   9000000 | PA      | $8726779.62   | 0.47%             | 2023-11-08      | Fixed         | 0.96%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                    | Port of Oakland, Series 2020R-2022A                                                                    | CUSIP: 735000TK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $395544.62    | 0.02%             | 2023-05-01      | Fixed         | 0.82%                 | No            |                  2 | On Loan: No      |
| Marriott International, Inc.                       | Marriott International, Inc.                                                                           | CUSIP: 57163UQ17<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | STIV             | CORP              | US        |   1506000 | PA      | $1499549.59   | 0.08%             | 2023-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co.                                                                                   | CUSIP: 46647PBZ8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4970843.75   | 0.27%             | 2024-03-16      | Variable      | 0.70%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                                      | Comcast Corp.                                                                                          | CUSIP: 20030NDZ1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1021414.82   | 0.05%             | 2025-11-07      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                               | JPMorgan Chase & Co.                                                                                   | CUSIP: 46647PDE3<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6600000 | PA      | $6484500.00   | 0.35%             | 2025-06-14      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| PNC Financial Services Group, Inc. (The)           | PNC Financial Services Group, Inc. (The)                                                               | CUSIP: 693475BH7<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | DBT              | CORP              | US        |   5450000 | PA      | $5522740.22   | 0.30%             | 2025-10-28      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                            | Standard Chartered Bank                                                                                | CUSIP: 85325VX54<br>LEI: RILFO74KP1CM8P6PCT96 | Long             | STIV             | CORP              | GB        |  15000000 | PA      | $15004222.05  | 0.81%             | 2023-03-13      | Floating      | 4.60%                 | No            |                  2 | On Loan: No      |
| NTT Finance Corp.                                  | NTT Finance Corp.                                                                                      | CUSIP: 62954WAB1<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |   6005000 | PA      | $5727346.03   | 0.31%             | 2024-03-01      | Fixed         | 0.58%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                     | Morgan Stanley                                                                                         | CUSIP: 6174468W2<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7992152.00   | 0.43%             | 2024-01-25      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Enbridge, Inc.                                     | Enbridge, Inc.                                                                                         | CUSIP: 29250NBD6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   9400000 | PA      | $9399586.40   | 0.50%             | 2023-02-17      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| Raytheon Technologies Corp.                        | Raytheon Technologies Corp.                                                                            | CUSIP: 75513GP67<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | STIV             | CORP              | US        |   4500000 | PA      | $4496489.24   | 0.24%             | 2023-02-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Northwestern Mutual Global Funding                 | Northwestern Mutual Global Funding                                                                     | CUSIP: 66815L2J7<br>LEI: 635400LZXFVELZDVP257 | Long             | DBT              | CORP              | US        |   6400000 | PA      | $6310954.62   | 0.34%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** BlackRock Funds

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer