# EDGAR Filing Document

**Accession Number:** 0001091439
**File Stem:** 0001004726-25-002501
**Filing Date:** 2025-11
**Character Count:** 91284
**Document Hash:** f6377649ef89ab561e52a720343398e9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-25-002501.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001004726-25-002501

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALLIANZ VARIABLE INSURANCE PRODUCTS TRUST
- **CENTRAL INDEX KEY:** 0001091439

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09491
- **FILM NUMBER:** 251528175

**BUSINESS ADDRESS:**
- **STREET 1:** 5701 GOLDEN HILLS DRIVE
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55416-1297
- **BUSINESS PHONE:** 763-765-6551

**MAIL ADDRESS:**
- **STREET 1:** 5701 GOLDEN HILLS DRIVE
- **CITY:** MINNEAPOLIS
- **STATE:** MN
- **ZIP:** 55416-1297

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USALLIANZ VARIABLE INSURANCE PRODUCTS TRUST
- **DATE OF NAME CHANGE:** 19990721

## Series and Classes Contracts Data

### AZL T. Rowe Price Capital Appreciation Fund (Series ID: S000009963)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000027546 | AZL T. Rowe Price Capital Appreciation Fund Class 2 |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Allianz Variable Insurance Products Trust

- **b. Investment Company Act file number:** 811-09491

- **c. CIK number of Registrant:** 0001091439

- **d. LEI of Registrant:** 549300446YVO0C3VKW34

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

  - **Street Address 1:** 5701 Golden Hills Drive

  - **City:** Minneapolis

  - **State:** MN

  - **Foreign country:** US

  - **Zip / Postal Code:** 55416

  - **Telephone number:** 800-624-0197

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

- **a. Name of Series:** AZL T Rowe Price Capital Appreciation Fund

- **b. EDGAR series identifier (if any):** S000009963

- **c. LEI of Series:** 5493009WBBH8JQV6NC73

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $999608335.74

**Total Liabilities:** $5283070.88

**Net Assets:** $994325264.86

**Cash Not Reported:** $1495520.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -4.24407034 | **1-Year:** -211.19585154 | **5-Year:** -841.06392482 | **10-Year:** -1091.42456248 | **30-Year:** -1.19045164

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

- **3-Month:** -152.89655623 | **1-Year:** -17709.21427510 | **5-Year:** -23716.60827939 | **10-Year:** -3399.13637397 | **30-Year:** -350.96375939

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000027546 | 2.35%                | 0.47%                | 1.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9667908.44              | $12320809.90                               |
| Month 2  | $9813879.30              | $-6264106.16                               |
| Month 3  | $24260755.98             | $-13127753.38                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Arcellx Inc                                                       | ARCELLX INC                                      | CUSIP: 03940C100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19100 | NS      | $1568110.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| WORKDAY, INC.                                                     | WORKDAY INC CLASS A CALL OPTION                  | CUSIP: N/A<br>LEI: 549300J0DYC0N31V7G13       | N/A              | DE               |  | US        |       -41 | NC      | $-44079.15    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATING CO INC                 | CUSIP: 432833AN1<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1183000 | PA      | $1078008.75   | 0.11%             | 2032-02-15      | Fixed         | 3.62%                 | Yes           |                  2 | On Loan: No      |
| NVIDIA CORPORATION                                                | NVIDIA CORP CALL OPTION                          | CUSIP: N/A<br>LEI: 549300S4KLFTLO7GSQ80       | N/A              | DE               |  | US        |       -56 | NC      | $-61596.97    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| DOMINO'S PIZZA MASTER ISSUER LLC                                  | DOMINOS PIZZA MASTER ISSUER LLC                  | CUSIP: 25755TAL4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    619200 | PA      | $586191.64    | 0.06%             | 2049-10-25      | Fixed         | 3.67%                 | Yes           |                  2 | On Loan: No      |
| VERALTO CORPORATION                                               | VERALTO CORP CALL OPTION                         | CUSIP: N/A<br>LEI: 635400FJE6GSOJUSNY27       | N/A              | DE               |  | US        |       -31 | NC      | $-9595.06     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MASTERCARD INCORPORATED.                                          | MASTERCARD INC CALL OPTION                       | CUSIP: N/A<br>LEI: AR5L2ODV9HN37376R084       | N/A              | DE               |  | US        |       -20 | NC      | $-27569.81    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Willis Towers Watson Public Limited Company                       | WILLIS TOWERS WATSON PLC                         | CUSIP: G96629103<br>LEI: 549300WHC56FF48KL350 | Long             | EC               | CORP              | IE        |     30797 | NS      | $10638823.65  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AMAZON.COM, INC.                                                  | AMAZON COM INC                                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    189758 | NS      | $41665164.06  | 4.19%             |  |  |  | No            |                  1 | On Loan: No      |
| INTUIT INC.                                                       | INTUIT INC CALL OPTION                           | CUSIP: N/A<br>LEI: VI90HBPH7XSFMB9E4M29       | N/A              | DE               |  | US        |       -11 | NC      | $-3535.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                                         | HUB INTERNATIONAL LTD                            | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   4489000 | PA      | $4657337.50   | 0.47%             | 2032-01-31      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| AURORA INNOVATION, INC.                                           | AURORA INNOVATION INC                            | CUSIP: 051774107<br>LEI: 984500AB2E0D9F7D9D76 | Long             | EC               | CORP              | US        |   2240410 | NS      | $12075809.90  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| HOLOGIC, INC.                                                     | HOLOGIC INC                                      | CUSIP: 436440AP6<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | DBT              | CORP              | US        |    622000 | PA      | $600230.00    | 0.06%             | 2029-02-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC                                    | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3474000 | PA      | $3573877.50   | 0.36%             | 2032-03-01      | Fixed         | 6.62%                 | Yes           |                  2 | On Loan: No      |
| RYAN SPECIALTY, LLC                                               | RYAN SPECIALTY GROUP LLC                         | CUSIP: 78351MAA0<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |    465000 | PA      | $449306.25    | 0.05%             | 2030-02-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| ELI LILLY AND COMPANY                                             | ELI LILLY CO CALL OPTION                         | CUSIP: N/A<br>LEI: FRDRIPF3EKNDJ2CQJL29       | N/A              | DE               |  | US        |        -4 | NC      | $-8052.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMPHENOL CORPORATION                                              | AMPHENOL CORP CLASS A                            | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     59277 | NS      | $7335528.75   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                                | CANADIAN NATURAL RESOURCE CALL OPTION            | CUSIP: N/A<br>LEI: 549300T15RIMIKZC5Q38       | N/A              | DE               |  | CA        |      -152 | NC      | $-11648.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC                                    | CUSIP: 893647BU0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2571000 | PA      | $2622420.00   | 0.26%             | 2029-03-01      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC                                   | CUSIP: 988498AR2<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1492000 | PA      | $1497595.00   | 0.15%             | 2032-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| MISTER CAR WASH HOLDINGS, INC.                                    | MISTER CAR WASH HOLDINGS INC                     | CUSIP: 60646CAK3<br>LEI: 549300BARUQU0U2GQE05 | Long             | LON              | CORP              | US        |    487435 | PA      | $487868.75    | 0.05%             | 2031-03-27      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| THE CIGNA GROUP                                                   | CIGNA GROUP THE                                  | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |     34373 | NS      | $9908017.25   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                       | LOCKHEED MARTIN CORP CALL OPTION                 | CUSIP: N/A<br>LEI: DPRBOZP0K5RM2YE8UU08       | N/A              | DE               |  | US        |       -20 | NC      | $-34209.61    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMAZON.COM, INC.                                                  | AMAZON COM INC CALL OPTION                       | CUSIP: N/A<br>LEI: ZXTILKJKG63JELOEG630       | N/A              | DE               |  | US        |       -51 | NC      | $-19883.14    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                                         | HUB INTERNATIONAL LTD                            | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   8573000 | PA      | $8915920.00   | 0.90%             | 2030-06-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| INGERSOLL RAND INC.                                               | INGERSOLL RAND INC CALL OPTION                   | CUSIP: N/A<br>LEI: 5299004C02FMZCUOIR50       | N/A              | DE               |  | US        |       -71 | NC      | $-5260.46     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                          | U S TREASURY NOTE                                | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33784000 | PA      | $33992510.46  | 3.42%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VISA INC.                                                         | VISA INC CALL OPTION                             | CUSIP: N/A<br>LEI: 549300JZ4OKEHW3DPJ59       | N/A              | DE               |  | US        |       -31 | NC      | $-6180.44     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SALESFORCE, INC.                                                  | SALESFORCE INC                                   | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     12319 | NS      | $2919603.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPSTONE BORROWER, INC.                                           | CAPSTONE BORROWER INC                            | CUSIP: 140944AA7<br>LEI: 254900YSP2BAI3YKIX08 | Long             | DBT              | CORP              | US        |    451000 | PA      | $470167.50    | 0.05%             | 2030-06-15      | Fixed         | 8.00%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM, INC.                                                  | AMAZON COM INC CALL OPTION                       | CUSIP: N/A<br>LEI: ZXTILKJKG63JELOEG630       | N/A              | DE               |  | US        |       -51 | NC      | $-29272.47    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP.                                                 | LAMAR MEDIA CORP                                 | CUSIP: 513075BZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $111450.00    | 0.01%             | 2031-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                                               | ABBOTT LABORATORIES CALL OPTION                  | CUSIP: N/A<br>LEI: HQD377W2YR662HK5JX27       | N/A              | DE               |  | US        |       -51 | NC      | $-20656.83    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC.                                           | ATHENAHEALTH GROUP INC                           | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |   1516380 | PA      | $1512589.03   | 0.15%             | 2029-02-15      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| APPLE INC.                                                        | APPLE INC                                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    172698 | NS      | $43974091.74  | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ASCEND LEARNING, LLC                                              | ASCEND LEARNING LLC                              | CUSIP: 04349HAN4<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |   2386795 | PA      | $2383310.28   | 0.24%             | 2028-12-11      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC                                   | CUSIP: 988498AD3<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    687000 | PA      | $759135.00    | 0.08%             | 2037-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ADVANCED MICRO DEVICES, INC.                                      | ADVANCED MICRO DEVICES INC CALL OPTION           | CUSIP: N/A<br>LEI: R2I72C950HOYXII45366       | N/A              | DE               |  | US        |       -51 | NC      | $-55065.36    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| WORKDAY, INC.                                                     | WORKDAY INC CLASS A                              | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |     37049 | NS      | $8918805.77   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| VISA INC.                                                         | VISA INC CLASS A                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     32724 | NS      | $11171319.12  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| VERALTO CORPORATION                                               | VERALTO CORP                                     | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     31485 | NS      | $3356615.85   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PARENT INC TERM                                              | ICON PARENT INC TERM                             | CUSIP: 45115DAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3390834 | PA      | $3385002.02   | 0.34%             | 2031-11-13      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INCORPORATED.                                          | MASTERCARD INC CALL OPTION                       | CUSIP: N/A<br>LEI: AR5L2ODV9HN37376R084       | N/A              | DE               |  | US        |       -18 | NC      | $-23683.66    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PPL CORPORATION                                                   | PPL CORP                                         | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    323620 | NS      | $12025719.20  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATING CO INC                 | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |   3392852 | PA      | $3395023.67   | 0.34%             | 2030-11-08      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC.                                          | BOOZ ALLEN HAMILTON INC                          | CUSIP: 09951LAB9<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    511000 | PA      | $498700.74    | 0.05%             | 2029-07-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: —       |
| GE HEALTHCARE TECHNOLOGIES INC.                                   | GE HEALTHCARE TECHNOLOGIES CALL OPTION           | CUSIP: N/A<br>LEI: 549300OI9J7XOWZMUN85       | N/A              | DE               |  | US        |       -55 | NC      | $-1271.52     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MCKESSON CORPORATION                                              | MCKESSON CORP CALL OPTION                        | CUSIP: N/A<br>LEI: 549300WZWOM80UCFSF54       | N/A              | DE               |  | US        |        -9 | NC      | $-98448.70    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORPORATION                               | SIX FLAGS ENTERTAINMENT                          | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    505000 | PA      | $504368.75    | 0.05%             | 2031-05-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| INGERSOLL RAND INC.                                               | INGERSOLL RAND INC                               | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     82740 | NS      | $6835978.80   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| THE CIGNA GROUP                                                   | CIGNA CORP CALL OPTION                           | CUSIP: N/A<br>LEI: 549300VIWYMSIGT1U456       | N/A              | DE               |  | US        |       -21 | NC      | $-10684.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| META PLATFORMS, INC.                                              | META PLATEFORM INC CLASS A CALL OPTION           | CUSIP: N/A<br>LEI: BQ4BKCS1HXDV9HN80Z93       | N/A              | DE               |  | US        |       -21 | NC      | $-58457.50    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                                         | HUB INTERNATIONAL                                | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |  13365263 | PA      | $13381568.54  | 1.35%             | 2030-06-20      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| DOMINO'S PIZZA MASTER ISSUER LLC                                  | DOMINO S PIZZA MASTER ISSUER LLC                 | CUSIP: 25755TAH3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    809340 | PA      | $809122.27    | 0.08%             | 2047-07-25      | Fixed         | 4.12%                 | Yes           |                  2 | On Loan: No      |
| Willis Towers Watson Public Limited Company                       | WILLIS TOWERS WATSON PLC CALL OPTION             | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | N/A              | DE               |  | IE        |       -10 | NC      | $-21372.20    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SERVICE CORPORATION INTERNATIONAL                                 | SERVICE CORPORATION INTERNATIONAL                | CUSIP: 817565CD4<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    103000 | PA      | $102356.25    | 0.01%             | 2027-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP, INC.                                                | AMWINS GROUP INC                                 | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |   6586267 | PA      | $6581919.65   | 0.66%             | 2032-01-23      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| ADVANCED MICRO DEVICES, INC.                                      | ADVANCED MICRO DEVICES INC CALL OPTION           | CUSIP: N/A<br>LEI: R2I72C950HOYXII45366       | N/A              | DE               |  | US        |       -51 | NC      | $-63391.80    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| USI INC NY                                                        | USI INC NY                                       | CUSIP: 90351NAQ8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2691226 | PA      | $2686919.74   | 0.27%             | 2030-09-27      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATIN                         | CUSIP: 432833AH4<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1478150.00   | 0.15%             | 2028-05-01      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| AMPHENOL CORPORATION                                              | AMPHENOL CORP CALL OPTION                        | CUSIP: N/A<br>LEI: 549300D3L3G0R4U4VT04       | N/A              | DE               |  | US        |       -30 | NC      | $-36874.38    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC.                                   | GE HEALTHCARE TECHNOLOGIES INC                   | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |     11600 | NS      | $871160.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS COMPANY                                          | VULCAN MATERIALS CO                              | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     15376 | NS      | $4729965.12   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                                             | MICROSOFT CORP                                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    108043 | NS      | $55960871.85  | 5.63%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC                                   | CUSIP: 988498AK7<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    998000 | PA      | $961822.50    | 0.10%             | 2043-11-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| OTIS WORLDWIDE CORPORATION                                        | OTIS WORLDWIDE CORP                              | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     29414 | NS      | $2689322.02   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC.                                          | BOOZ ALLEN HAMILTON INC                          | CUSIP: 09951LAC7<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    541000 | PA      | $566340.98    | 0.06%             | 2033-08-04      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORPORATION                                             | STARBUCKS CORP CALL OPTION                       | CUSIP: N/A<br>LEI: OQSJ1DU9TAOC51A47K68       | N/A              | DE               |  | US        |       -47 | NC      | $-766.36      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VISA INC.                                                         | VISA INC CALL OPTION                             | CUSIP: N/A<br>LEI: 549300JZ4OKEHW3DPJ59       | N/A              | DE               |  | US        |       -30 | NC      | $-13805.10    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CENCORA, INC.                                                     | CENCORA INC                                      | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |     23831 | NS      | $7447902.43   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| NISOURCE INC.                                                     | NISOURCE INC                                     | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    393777 | NS      | $17050544.10  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| LGC GROUP TL                                                      | LGC GROUP TL                                     | CUSIP: 5039999D8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3069555 | PA      | $3071089.59   | 0.31%             | 2030-01-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS, LLC                                                 | CCO HLDGS LLC CAP CORP                           | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1676000 | PA      | $1663430.00   | 0.17%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC                                   | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1561000 | PA      | $1514170.00   | 0.15%             | 2032-01-31      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC                                    | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    419000 | PA      | $426856.25    | 0.04%             | 2028-08-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| FILTRATION GROUP CORPORATION                                      | FILTRATION GROUP CORP                            | CUSIP: 31732FAW6<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |   1022238 | PA      | $1030548.77   | 0.10%             | 2028-10-24      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| VISA INC.                                                         | VISA INC CALL OPTION                             | CUSIP: N/A<br>LEI: 549300JZ4OKEHW3DPJ59       | N/A              | DE               |  | US        |       -30 | NC      | $-27714.69    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING, INC.                                             | AVANTOR FUNDING INC                              | CUSIP: 05352TAB5<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |    775000 | PA      | $735281.25    | 0.07%             | 2029-11-01      | Fixed         | 3.88%                 | Yes           |                  2 | On Loan: No      |
| WORKDAY, INC.                                                     | WORKDAY INC CLASS A CALL OPTION                  | CUSIP: N/A<br>LEI: 549300J0DYC0N31V7G13       | N/A              | DE               |  | US        |       -41 | NC      | $-31857.69    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                                               | ABBOTT LABORATORIES                              | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    166012 | NS      | $22235647.28  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORPORATION                                             | MICROSOFT CORP CALL OPTION                       | CUSIP: N/A<br>LEI: INR2EJN1ERAN0W5ZP974       | N/A              | DE               |  | US        |       -21 | NC      | $-22130.68    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC.                                            | ELLUCIAN HOLDINGS INC                            | CUSIP: 28917XAB6<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |   2187147 | PA      | $2185791.13   | 0.22%             | 2029-10-29      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                       | LOCKHEED MARTIN CORP                             | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      7910 | NS      | $3948751.10   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC                                   | CUSIP: 988498AL5<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   1021000 | PA      | $1015895.00   | 0.10%             | 2030-01-15      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| MICROSOFT CORPORATION                                             | MICROSOFT CORP CALL OPTION                       | CUSIP: N/A<br>LEI: INR2EJN1ERAN0W5ZP974       | N/A              | DE               |  | US        |       -21 | NC      | $-11797.03    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                          | U S TREASURY NOTE                                | CUSIP: 91282CNN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  33188000 | PA      | $33387646.40  | 3.36%             | 2030-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                       | LOCKHEED MARTIN CORP CALL OPTION                 | CUSIP: N/A<br>LEI: DPRBOZP0K5RM2YE8UU08       | N/A              | DE               |  | US        |       -21 | NC      | $-109766.28   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ELI LILLY AND COMPANY                                             | ELI LILLY CO                                     | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      9692 | NS      | $7394996.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE, INC.                                                  | SALESFORCE COM INC CALL OPTION                   | CUSIP: N/A<br>LEI: RCGZFPDMRW58VJ54VR07       | N/A              | DE               |  | US        |       -12 | NC      | $-4831.94     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PTC INC.                                                          | PTC INC                                          | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |    104071 | NS      | $21128494.42  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC                                    | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1584000 | PA      | $1637460.00   | 0.16%             | 2034-01-31      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| Willis Towers Watson Public Limited Company                       | WILLIS TOWERS WATSON PLC CALL OPTION             | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | N/A              | DE               |  | IE        |       -10 | NC      | $-28003.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INTUIT INC.                                                       | INTUIT INC                                       | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      3850 | NS      | $2629203.50   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| VULCAN MATERIALS COMPANY                                          | VULCAN MATERIALS CO CALL OPTION                  | CUSIP: N/A<br>LEI: 549300Q8LSNHAVWBNI21       | N/A              | DE               |  | US        |       -26 | NC      | $-68151.46    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MCKESSON CORPORATION                                              | MCKESSON CORP CALL OPTION                        | CUSIP: N/A<br>LEI: 549300WZWOM80UCFSF54       | N/A              | DE               |  | US        |       -11 | NC      | $-54834.22    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATIN                         | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    829000 | PA      | $845580.00    | 0.09%             | 2029-04-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| MCKESSON CORPORATION                                              | MCKESSON CORP CALL OPTION                        | CUSIP: N/A<br>LEI: 549300WZWOM80UCFSF54       | N/A              | DE               |  | US        |       -11 | NC      | $-42570.10    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REVVITY, INC.                                                     | REVVITY INC                                      | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |    220853 | NS      | $19357765.45  | 1.95%             |  |  |  | No            |                  1 | On Loan: —       |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC CALL OPTION                       | CUSIP: N/A<br>LEI: 549300JE8XHZZ7OHN517       | N/A              | DE               |  | US        |       -39 | NC      | $-46431.21    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ADVANCED MICRO DEVICES, INC.                                      | ADVANCED MICRO DEVICES INC                       | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     92373 | NS      | $14945027.67  | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA COMMUNICATIONS CORPORATION                                    | SBA COMMUNICATIONS CORP                          | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |   1332000 | PA      | $1245420.00   | 0.13%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS, INC.                                     | SURGERY CENTER HOLDINGS                          | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |    451000 | PA      | $462275.00    | 0.05%             | 2032-04-15      | Fixed         | 7.25%                 | Yes           |                  2 | On Loan: No      |
| ALPHABET INC.                                                     | ALPHABET INC CALL OPTION                         | CUSIP: N/A<br>LEI: 5493006MHB84DD0ZWV18       | N/A              | DE               |  | US        |       -51 | NC      | $-187643.76   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| BECTON, DICKINSON AND COMPANY                                     | BECTON DICKINSON CO                              | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    151813 | NS      | $28414839.21  | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORPORATION                                               | DANAHER CORP                                     | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     58787 | NS      | $11655110.62  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADSTREET PARTNERS INC                                          | BROADSTREET PARTNERS INC                         | CUSIP: 11132VAY5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6677793 | PA      | $6683068.09   | 0.67%             | 2031-06-16      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| CYTOKINETICS, INCORPORATED                                        | CYTOKINETICS INC                                 | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     37919 | NS      | $2084028.24   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Treasury Securities Cash Management; Institutional Shares | DREYFUS TREASURY SECURITIES CASH MANAGEMENT      | CUSIP: 261941108<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  20038290 | NS      | $20038289.72  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTHUR J. GALLAGHER & CO.                                         | ARTHUR J GALLAGHER CO                            | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     20849 | NS      | $6457769.26   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time, Inc.                                                   | LIFE TIME INC                                    | CUSIP: 53190FAE5<br>LEI: 549300PALKE96VYH4X17 | Long             | DBT              | CORP              | US        |    499000 | PA      | $504613.75    | 0.05%             | 2031-11-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| APPLE INC.                                                        | APPLE INC CALL OPTION                            | CUSIP: N/A<br>LEI: HWUPKR0MPOU8FGXBT394       | N/A              | DE               |  | US        |       -51 | NC      | $-106225.02   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ALPHABET INC.                                                     | ALPHABET INC CLASS A                             | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     85123 | NS      | $20693401.30  | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANS UNION LLC                                                   | TRANS UNION LLC                                  | CUSIP: 89334GAX2<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |    151288 | PA      | $151383.05    | 0.02%             | 2026-11-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INCORPORATED.                                          | MATERCARD INC CLASS A                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     17728 | NS      | $10083863.68  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INCORPORATED.                                          | MASTERCARD INC CALL OPTION                       | CUSIP: N/A<br>LEI: AR5L2ODV9HN37376R084       | N/A              | DE               |  | US        |       -11 | NC      | $-11402.90    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                       | LOCKHEED MARTIN CORP CALL OPTION                 | CUSIP: N/A<br>LEI: DPRBOZP0K5RM2YE8UU08       | N/A              | DE               |  | US        |       -13 | NC      | $-33699.43    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON WORLDWIDE FIN LLC                         | CUSIP: 432891AK5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    771000 | PA      | $768108.75    | 0.08%             | 2027-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AVANTOR FUNDING, INC.                                             | AVANTOR FUNDING INC                              | CUSIP: 05352TAA7<br>LEI: 5493003VM0XB4U8YD238 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1082125.00   | 0.11%             | 2028-07-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| VISA INC.                                                         | VISA INC CALL OPTION                             | CUSIP: N/A<br>LEI: 549300JZ4OKEHW3DPJ59       | N/A              | DE               |  | US        |       -36 | NC      | $-10863.60    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LIMITED                                         | HUB INTERNATIONAL LTD                            | CUSIP: 44332PAG6<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   1136000 | PA      | $1133160.00   | 0.11%             | 2029-12-01      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| United States of America                                          | U S TREASURY NOTE                                | CUSIP: 91282CMZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16154000 | PA      | $16257486.56  | 1.64%             | 2030-04-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| KORN FERRY                                                        | KORN FERRY INTERNATIONAL                         | CUSIP: 50067PAA7<br>LEI: 549300FOD20OM0GT5G40 | Long             | DBT              | CORP              | US        |    397000 | PA      | $393526.25    | 0.04%             | 2027-12-15      | Fixed         | 4.62%                 | Yes           |                  2 | On Loan: No      |
| NVIDIA CORPORATION                                                | NVIDIA CORP                                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    268578 | NS      | $50111283.24  | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VARSITY BRANDS INC                                                | VARSITY BRANDS INC                               | CUSIP: 92227QAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2940630 | PA      | $2939159.69   | 0.30%             | 2031-08-26      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| MSCI INC.                                                         | MSCI INC                                         | CUSIP: 55354GAR1<br>LEI: 549300HTIN2PD78UB763 | Long             | DBT              | CORP              | US        |   1313000 | PA      | $1323880.83   | 0.13%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| United States of America                                          | U S TREASURY NOTE                                | CUSIP: 91282CNJ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  22613000 | PA      | $22733131.56  | 2.29%             | 2032-06-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CPI HOLDCO B, LLC                                                 | CPI HOLDCO B LLC                                 | CUSIP: 1261MAAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2568000 | PA      | $2564790.00   | 0.26%             | 2031-05-19      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| APPLIED SYSTEMS, INC.                                             | APPLIED SYSTEM INC                               | CUSIP: 03827FBD2<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |  13793373 | PA      | $13797234.83  | 1.39%             | 2031-02-24      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2267000 | PA      | $2295337.50   | 0.23%             | 2033-05-31      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| VISA INC.                                                         | VISA INC CALL OPTION                             | CUSIP: N/A<br>LEI: 549300JZ4OKEHW3DPJ59       | N/A              | DE               |  | US        |       -31 | NC      | $-21497.59    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATING CO INC                 | CUSIP: 432833AF8<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1595000 | PA      | $1587025.00   | 0.16%             | 2030-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP.                                                 | LAMAR MEDIA CORP                                 | CUSIP: 513075BW0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    124000 | PA      | $122915.00    | 0.01%             | 2029-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC                                    | CUSIP: 893647BP1<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    762000 | PA      | $745807.50    | 0.08%             | 2029-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY, LLC                                               | RYAN SPECIALTY                                   | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   1053000 | PA      | $1062213.75   | 0.11%             | 2032-08-01      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |
| SERVICE CORPORATION INTERNATIONAL                                 | SERVICE CORP INTERNATIONAL US                    | CUSIP: 817565CF9<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    605000 | PA      | $558868.75    | 0.06%             | 2030-08-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ELI LILLY AND COMPANY                                             | ELI LILLY CO CALL OPTION                         | CUSIP: N/A<br>LEI: FRDRIPF3EKNDJ2CQJL29       | N/A              | DE               |  | US        |        -4 | NC      | $-11642.46    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BioNTech SE                                                       | BIONTECH SE ADR                                  | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             |  | CORP              | DE        |     24943 | NS      | $2459878.66   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABORATORIES                                               | ABBOTT LABORATORIES CALL OPTION                  | CUSIP: N/A<br>LEI: HQD377W2YR662HK5JX27       | N/A              | DE               |  | US        |      -100 | NC      | $-91975.24    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| STARBUCKS CORPORATION                                             | STARBUCKS CORPORATION                            | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |    107809 | NS      | $9120641.40   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATIN                         | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1615950.00   | 0.16%             | 2031-05-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                                | CANADIAN NATURAL RESOURCES                       | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |    380432 | NS      | $12158606.72  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY COMPANY                                                | DTE ENERGY CO                                    | CUSIP: 233331107<br>LEI: 549300IX8SD6XXD71I78 | Long             | EC               | CORP              | US        |     56200 | NS      | $7948366.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| RYAN SPECIALTY, LLC                                               | RYAN SPECIALTY LLC                               | CUSIP: 78350UAJ4<br>LEI: 549300K52N7QBO3PYY45 | Long             | LON              | CORP              | US        |    120234 | PA      | $120196.27    | 0.01%             | 2031-09-15      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| VAIL RESORTS, INC.                                                | VAIL RESORTS INC                                 | CUSIP: 91879QAQ2<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    302000 | PA      | $303887.50    | 0.03%             | 2030-07-15      | Fixed         | 5.62%                 | Yes           |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATING                        | CUSIP: 432833AS0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1189000 | PA      | $1200890.00   | 0.12%             | 2033-09-15      | Fixed         | 5.75%                 | Yes           |                  2 | On Loan: No      |
| NVIDIA CORPORATION                                                | NVIDIA CORP CALL OPTION                          | CUSIP: N/A<br>LEI: 549300S4KLFTLO7GSQ80       | N/A              | DE               |  | US        |       -56 | NC      | $-85388.09    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC                                    | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    171000 | PA      | $175275.00    | 0.02%             | 2034-01-31      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| IQVIA INC.                                                        | IQVIA INC                                        | CUSIP: 46266TAD0<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    574000 | PA      | $593372.50    | 0.06%             | 2030-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| ICON PARENT INC                                                   | ICON PARENT INC                                  | CUSIP: 45115MAB4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    980400 | PA      | $991125.58    | 0.10%             | 2032-09-13      | Floating      | 9.21%                 | No            |                  2 | On Loan: No      |
| META PLATFORMS, INC.                                              | META PLATFORMS INC                               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     29967 | NS      | $22007165.46  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC.                                                     | ALPHABET INC CALL OPTION                         | CUSIP: N/A<br>LEI: 5493006MHB84DD0ZWV18       | N/A              | DE               |  | US        |       -51 | NC      | $-228282.58   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| CMS ENERGY CORPORATION                                            | CMS ENERGY CORP PFD                              | CUSIP: 125896852<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EP               | CORP              | US        |      5103 | NS      | $121349.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED SYSTEMS, INC.                                             | APPLIED SYSTEM INC                               | CUSIP: 03827FBC4<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |   1903146 | PA      | $1943987.51   | 0.20%             | 2032-02-09      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| INGERSOLL RAND INC.                                               | INGERSOLL RAND INC CALL OPTION                   | CUSIP: N/A<br>LEI: 5299004C02FMZCUOIR50       | N/A              | DE               |  | US        |       -71 | NC      | $-10065.89    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| FILTRATION GROUP CORPORATION                                      | FILTRATION GROUP CORP                            | CUSIP: 31732FAX4<br>LEI: 549300ZA0D9WN5ECE978 | Long             | LON              | CORP              | US        |   5794211 | PA      | $5815938.95   | 0.58%             | 2028-10-23      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| IONIS PHARMACEUTICALS, INC.                                       | IONIS PHARMACEUTICALS INC                        | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |     10377 | NS      | $678863.34    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORPORATION                               | CEDAR FAIR LP                                    | CUSIP: 150190AE6<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    567000 | PA      | $548572.50    | 0.06%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORPORATION                                             | STARBUCKS CORP CALL OPTION                       | CUSIP: N/A<br>LEI: OQSJ1DU9TAOC51A47K68       | N/A              | DE               |  | US        |      -191 | NC      | $-19565.51    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                          | U S TREASURY NOTE                                | CUSIP: 91282CNR8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7719000 | PA      | $7756388.91   | 0.78%             | 2032-07-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| USI, INC.                                                         | USI INC NY                                       | CUSIP: 90346KAB5<br>LEI: 2549006D7UF7072T7I27 | Long             | DBT              | CORP              | US        |   2135000 | PA      | $2231075.00   | 0.22%             | 2032-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MCKESSON CORPORATION                                              | MCKESSON CORP CALL OPTION                        | CUSIP: N/A<br>LEI: 549300WZWOM80UCFSF54       | N/A              | DE               |  | US        |        -8 | NC      | $-101382.68   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORPORATION                               | CEDAR FAIR CAN MAGNUM MI                         | CUSIP: 150190AB2<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   1064000 | PA      | $1061340.00   | 0.11%             | 2027-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC.                                            | ELLUCIAN HOLDINGS INC                            | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |    718000 | PA      | $730565.00    | 0.07%             | 2029-12-01      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| CENTERPOINT ENERGY, INC.                                          | CENTERPOINT ENERGY INC CALL OPTION               | CUSIP: N/A<br>LEI: 21TPXMRRHFKOBHDC8J74       | N/A              | DE               |  | US        |      -263 | NC      | $-115236.86   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| BLACKROCK LIQUIDITY FUNDS FEDFUND PORTFOLIO                       | BLACKROCK LIQUIDITY FEDFUND INSTITUTIONAL SHARES | CUSIP: 09248U700<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1175643 | NS      | $1175642.71   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United States of America                                          | U S TREASURY NOTE                                | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  36127000 | PA      | $36553185.52  | 3.68%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| APPLE INC.                                                        | APPLE INC CALL OPTION                            | CUSIP: N/A<br>LEI: HWUPKR0MPOU8FGXBT394       | N/A              | DE               |  | US        |       -51 | NC      | $-142605.62   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ABBOTT LABORATORIES                                               | ABBOTT LABORATORIES CALL OPTION                  | CUSIP: N/A<br>LEI: HQD377W2YR662HK5JX27       | N/A              | DE               |  | US        |       -49 | NC      | $-11978.59    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SBA SENIOR FINANCE II LLC                                         | SBA SENIOR FINANCE II LLC                        | CUSIP: 78404XAJ4<br>LEI: 549300PVT2ADFWMYEW87 | Long             | LON              | CORP              | US        |   2198906 | PA      | $2205392.51   | 0.22%             | 2031-01-27      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| INFORMATICA LLC                                                   | INFORMATICA LLC                                  | CUSIP: 45673YAL0<br>LEI: 5493007SV33RZV7RPS40 | Long             | LON              | CORP              | US        |    907754 | PA      | $908889.05    | 0.09%             | 2028-10-30      | Floating      | 6.41%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORPORATION                                             | STARBUCKS CORP CALL OPTION                       | CUSIP: N/A<br>LEI: OQSJ1DU9TAOC51A47K68       | N/A              | DE               |  | US        |       -81 | NC      | $-13239.45    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CANADIAN NATURAL RESOURCES LIMITED                                | CANADIAN NATURAL RESOURCE CALL OPTION            | CUSIP: N/A<br>LEI: 549300T15RIMIKZC5Q38       | N/A              | DE               |  | CA        |      -152 | NC      | $-25558.67    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| United States of America                                          | U S TREASURY NOTE                                | CUSIP: 91282CNX5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16525700 | PA      | $16441134.85  | 1.65%             | 2030-08-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| HOLOGIC, INC.                                                     | HOLOGIC INC                                      | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     30956 | NS      | $2089220.44   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIPOTLE MEXICAN GRILL, INC.                                      | CHIPOTLE MEXICAN GRILL INC                       | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    183513 | NS      | $7191874.47   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC.                                                     | BROADCOM INC                                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     28039 | NS      | $9250346.49   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERPOINT ENERGY, INC.                                          | CENTERPOINT ENERGY INC                           | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    469149 | NS      | $18202981.20  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWDSTRIKE HOLDINGS, INC.                                        | CROWDSTRIKE HOLDINGS INC                         | CUSIP: 22788CAA3<br>LEI: 549300YBY08K9KM4HX32 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57150.00     | 0.01%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| IQVIA INC.                                                        | IQVIA INC                                        | CUSIP: 46266TAA6<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    417000 | PA      | $415957.50    | 0.04%             | 2027-05-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC                                    | CUSIP: 89364MCF9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   4751505 | PA      | $4745802.73   | 0.48%             | 2030-03-22      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS COMPANY                                          | VULCAN MATERIALS CO CALL OPTION                  | CUSIP: N/A<br>LEI: 549300Q8LSNHAVWBNI21       | N/A              | DE               |  | US        |       -26 | NC      | $-50523.71    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SBA TOWER TRUST                                                   | SBA TOWER TRUST                                  | CUSIP: 78403DAZ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     63000 | PA      | $64679.74     | 0.01%             | 2028-01-15      | Fixed         | 6.60%                 | Yes           |                  2 | On Loan: No      |
| MASTERCARD INCORPORATED.                                          | MASTERCARD INC CALL OPTION                       | CUSIP: N/A<br>LEI: AR5L2ODV9HN37376R084       | N/A              | DE               |  | US        |       -20 | NC      | $-12537.25    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Vaxcyte Inc                                                       | VAXCYTE INC                                      | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |     21563 | NS      | $776699.26    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.                      | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD ADR    | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             |  | CORP              | TW        |      6600 | NS      | $1843314.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORPORATION                                               | DANAHER CORP CALL OPTION                         | CUSIP: N/A<br>LEI: S4BKK9OTCEWQ3YHPFM11       | N/A              | DE               |  | US        |       -41 | NC      | $-21080.75    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INTUIT INC.                                                       | INTUIT INC CALL OPTION                           | CUSIP: N/A<br>LEI: VI90HBPH7XSFMB9E4M29       | N/A              | DE               |  | US        |       -11 | NC      | $-4862.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INCORPORATED                                   | UNITEDHEALTH GROUP INC                           | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     15173 | NS      | $5239236.90   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSDIGM INC.                                                    | TRANSDIGM INC                                    | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1880000 | PA      | $1957550.00   | 0.20%             | 2031-12-01      | Fixed         | 7.12%                 | Yes           |                  2 | On Loan: No      |
| CCC INTELLIGENT SOLUTIONS INC.                                    | CCC INTELLIGENT SOLUTIONS INC                    | CUSIP: 12511BAC6<br>LEI: 5493006JEEL9RIWY5T17 | Long             | LON              | CORP              | US        |    908489 | PA      | $907071.58    | 0.09%             | 2028-09-21      | Floating      | 6.16%                 | No            |                  2 | On Loan: No      |
| MARINER WEALTH ADVISORS, LLC                                      | MARINER WEALTH                                   | CUSIP: 56846TAH9<br>LEI: 549300XJJOOU336E5R24 | Long             | LON              | CORP              | US        |   1487627 | PA      | $1490052.32   | 0.15%             | 2030-12-18      | Floating      | 6.80%                 | No            |                  2 | On Loan: No      |
| AMWINS GROUP, INC.                                                | AMWINS GROUP INC                                 | CUSIP: 031921AC3<br>LEI: 549300SJE7MUB8NMRG61 | Long             | DBT              | CORP              | US        |    681000 | PA      | $692917.50    | 0.07%             | 2029-02-15      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| USI INC NY                                                        | USI INC NY                                       | CUSIP: 90351NAR6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2633881 | PA      | $2630377.67   | 0.26%             | 2029-11-23      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| EPICOR SOFTWARE CORPORATION                                       | EPICOR SOFTWARE CORP                             | CUSIP: 29426NAZ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |   2293044 | PA      | $2294809.16   | 0.23%             | 2031-05-30      | Floating      | 6.66%                 | No            |                  2 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC CALL OPTION                       | CUSIP: N/A<br>LEI: 549300JE8XHZZ7OHN517       | N/A              | DE               |  | US        |       -21 | NC      | $-4859.21     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC                                   | CUSIP: 988498AN1<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |    628000 | PA      | $585610.00    | 0.06%             | 2031-03-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UKG INC.                                                          | UKG INC                                          | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |   3140536 | PA      | $3136484.55   | 0.32%             | 2031-01-31      | Floating      | 6.81%                 | No            |                  2 | On Loan: No      |
| WYNDHAM HOTELS & RESORTS, INC.                                    | WYNDHAM HOTELS RESORTS INC                       | CUSIP: 98310CAF9<br>LEI: 549300FE3MQ4RVXXC673 | Long             | LON              | CORP              | US        |    581420 | PA      | $583083.27    | 0.06%             | 2030-05-28      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| KFC HOLDING CO.                                                   | KFC HLD PIZZA HUT TACO BELL                      | CUSIP: 48250NAC9<br>LEI: 549300G2LG4YUB3MM115 | Long             | DBT              | CORP              | US        |   1883000 | PA      | $1878292.50   | 0.19%             | 2027-06-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORPORATION                                    | SBA COMMUNICATIONS CORP                          | CUSIP: 78410GAD6<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |   1703000 | PA      | $1675326.25   | 0.17%             | 2027-02-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DANAHER CORPORATION                                               | DANAHER CORP CALL OPTION                         | CUSIP: N/A<br>LEI: S4BKK9OTCEWQ3YHPFM11       | N/A              | DE               |  | US        |       -61 | NC      | $-5.46        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LAMAR MEDIA CORP.                                                 | LAMAR MEDIA CORP                                 | CUSIP: 513075BR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    754000 | PA      | $732322.50    | 0.07%             | 2028-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC.                            | HILTON DOMESTIC OPERATING CO INC                 | CUSIP: 432833AJ0<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |   1237000 | PA      | $1190612.50   | 0.12%             | 2029-05-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| VISA INC.                                                         | VISA INC CALL OPTION                             | CUSIP: N/A<br>LEI: 549300JZ4OKEHW3DPJ59       | N/A              | DE               |  | US        |       -34 | NC      | $-34580.59    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORPORATION                               | CEDAR FAIR LP CANADA S WONDERLAND CO MAGNUM      | CUSIP: 150190AK2<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   1084000 | PA      | $1086710.00   | 0.11%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PTC INC.                                                          | PTC INC                                          | CUSIP: 69370CAC4<br>LEI: 54930050SSMU8SKDJ030 | Long             | DBT              | CORP              | US        |    766000 | PA      | $748765.00    | 0.08%             | 2028-02-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| STORABLE, INC.                                                    | STORABLE                                         | CUSIP: 86210LAD0<br>LEI: 2549000AWFN27KOH3F59 | Long             | LON              | CORP              | US        |   1446714 | PA      | $1449433.66   | 0.15%             | 2031-04-16      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| ROPER TECHNOLOGIES, INC.                                          | ROPER TECHNOLOGIES INC                           | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     26236 | NS      | $13083630.84  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SALESFORCE, INC.                                                  | SALESFORCE COM INC CALL OPTION                   | CUSIP: N/A<br>LEI: RCGZFPDMRW58VJ54VR07       | N/A              | DE               |  | US        |       -12 | NC      | $-3551.23     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LOCKHEED MARTIN CORPORATION                                       | LOCKHEED MARTIN CORP CALL OPTION                 | CUSIP: N/A<br>LEI: DPRBOZP0K5RM2YE8UU08       | N/A              | DE               |  | US        |       -21 | NC      | $-86933.51    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| MASTERCARD INCORPORATED.                                          | MASTERCARD INC CALL OPTION                       | CUSIP: N/A<br>LEI: AR5L2ODV9HN37376R084       | N/A              | DE               |  | US        |       -19 | NC      | $-43064.22    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CENCORA, INC.                                                     | CENCORA INC CALL OPTION                          | CUSIP: N/A<br>LEI: AI8GXW8LG5WK7E9UD086       | N/A              | DE               |  | US        |       -25 | NC      | $-121132.28   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| AMEREN CORPORATION                                                | AMEREN CORP                                      | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |    140357 | NS      | $14650463.66  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORPORATION                                              | MCKESSON CORP                                    | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     14649 | NS      | $11316938.46  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HEALTHCARE TECHNOLOGIES INC.                                   | GE HEALTHCARE TECHNOLOGIE CALL OPTION            | CUSIP: N/A<br>LEI: 549300OI9J7XOWZMUN85       | N/A              | DE               |  | US        |       -61 | NC      | $-2013.48     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MASTERCARD INCORPORATED.                                          | MASTERCARD INC CALL OPTION                       | CUSIP: N/A<br>LEI: AR5L2ODV9HN37376R084       | N/A              | DE               |  | US        |       -23 | NC      | $-57557.46    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| CENCORA, INC.                                                     | CENCORA INC CALL OPTION                          | CUSIP: N/A<br>LEI: AI8GXW8LG5WK7E9UD086       | N/A              | DE               |  | US        |       -33 | NC      | $-188354.13   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| VAIL RESORTS, INC.                                                | VAIL RESORTS INC                                 | CUSIP: 91879QAP4<br>LEI: 529900PSZHRNU9HKH870 | Long             | DBT              | CORP              | US        |    724000 | PA      | $748435.00    | 0.08%             | 2032-05-15      | Fixed         | 6.50%                 | Yes           |                  2 | On Loan: No      |
| FAIR ISAAC CORPORATION                                            | FAIR ISAAC CORP                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |    696000 | PA      | $704700.00    | 0.07%             | 2033-05-15      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| DTE ENERGY COMPANY                                                | DTE ENERGY CO CALL OPTION                        | CUSIP: N/A<br>LEI: 549300IX8SD6XXD71I78       | N/A              | DE               |  | US        |       -87 | NC      | $-30406.14    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AZALEA TOPCO, INC.                                                | AZALEA TOPCO INC                                 | CUSIP: 05477JAE1<br>LEI: 549300HC42NZULO53062 | Long             | LON              | CORP              | US        |    302972 | PA      | $302026.86    | 0.03%             | 2031-04-30      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC CALL OPTION                       | CUSIP: N/A<br>LEI: 549300JE8XHZZ7OHN517       | N/A              | DE               |  | US        |       -71 | NC      | $-27030.71    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMPHENOL CORPORATION                                              | AMPHENOL CORP CALL OPTION                        | CUSIP: N/A<br>LEI: 549300D3L3G0R4U4VT04       | N/A              | DE               |  | US        |       -30 | NC      | $-46003.32    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| QUARTZ ACQUIRECO, LLC                                             | QUALTRICS                                        | CUSIP: 74773KAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    675063 | PA      | $671971.11    | 0.07%             | 2030-06-28      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| YUM! Brands, Inc.                                                 | YUM BRANDS INC                                   | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     82692 | NS      | $12569184.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SIX FLAGS ENTERTAINMENT CORPORATION                               | SIX FLAGS ENTERTAINMENT                          | CUSIP: 83001AAC6<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |   1443000 | PA      | $1439392.50   | 0.14%             | 2027-04-15      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| META PLATFORMS, INC.                                              | META PLATEFORM INC CLASS A CALL OPTION           | CUSIP: N/A<br>LEI: BQ4BKCS1HXDV9HN80Z93       | N/A              | DE               |  | US        |       -21 | NC      | $-83443.56    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| SERVICE CORPORATION INTERNATIONAL                                 | SERVICE CORP INTL                                | CUSIP: 817565CH5<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    580000 | PA      | $586525.00    | 0.06%             | 2032-10-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS GROUP, LLC                                   | BROADSTREET PARTNERS INC                         | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |   1798000 | PA      | $1786762.50   | 0.18%             | 2029-04-15      | Fixed         | 5.88%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Allianz Variable Insurance Products Trust

**Signature:** Monique Labbe

**Name of Signer:** Monique Labbe

**Title:** Treasurer - Principal Financial Officer