# EDGAR Filing Document

**Accession Number:** 0000832808
**File Stem:** 0001752724-23-047082
**Filing Date:** 2023-2
**Character Count:** 173453
**Document Hash:** dcb3d2d0aa057cd49efae333eff82e37
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-047082.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-047082

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BERNSTEIN SANFORD C FUND INC
- **CENTRAL INDEX KEY:** 0000832808
- **IRS NUMBER:** 133464161
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05555
- **FILM NUMBER:** 23683850

**BUSINESS ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 2129691000

**MAIL ADDRESS:**
- **STREET 1:** ALLIANCEBERNSTEIN LP
- **STREET 2:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10153

## Series and Classes Contracts Data

### Tax-Aware Overlay N Portfolio (Series ID: S000027652)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000083504 | Class 1      | SNTOX           |
| C000083505 | Class 2      | SNTTX           |

## Nport-Ex

**Sanford C. Bernstein Fund, Inc.** 

**Schedule of Investments** 

**Tax-Aware Overlay N Portfolio** 

**December 31, 2022 (unaudited)** 

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **MUNICIPAL OBLIGATIONS – 70.1%** | **MUNICIPAL OBLIGATIONS – 70.1%** | **MUNICIPAL OBLIGATIONS – 70.1%** |
|  **Long-Term Municipal Bonds – 70.1%** | **Long-Term Municipal Bonds – 70.1%** | **Long-Term Municipal Bonds – 70.1%** |
|  **American Samoa – 0.1%** | **American Samoa – 0.1%** | **American Samoa – 0.1%** |
|  American Samoa Economic Development Authority<br> (Territory of American Samoa)<br>Series 2018<br>6.50%, 09/01/2028<sup>(a)</sup> | $180 | $193525 |
|  **Arkansas – 0.1%** | **Arkansas – 0.1%** | **Arkansas – 0.1%** |
|  City of Fayetteville AR Sales & Use Tax Revenue<br>Series 2019-A<br>1.75%, 11/01/2032 | 150 | 149896 |
|  **Colorado – 0.4%** | **Colorado – 0.4%** | **Colorado – 0.4%** |
|  City & County of Denver CO<br> (United Airlines, Inc.)<br>Series 2017<br>5.00%, 10/01/2032 | 1000 | 983286 |
|  Vauxmont Metropolitan District<br>AGM Series 2020<br>5.00%, 12/01/2050 | 100 | 102216 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1085502 |
|  **Florida – 0.1%** | **Florida – 0.1%** | **Florida – 0.1%** |
|  Capital Trust Agency, Inc.<br> (Franklin Academy Obligated Group)<br>Series 2020<br>5.00%, 12/15/2026<sup>(a)</sup> | 100 | 101256 |
|  County of Osceola FL Transportation Revenue<br>Series 2020-A<br>Zero Coupon, 10/01/2032 | 100 | 62245 |
|  |  | 163501 |
|  **Guam – 1.3%** | **Guam – 1.3%** | **Guam – 1.3%** |
|  Antonio B Won Pat International Airport Authority<br>Series 2021-A<br>3.099%, 10/01/2028 | 100 | 86666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.339%, 10/01/2030 | 150 | 124781 |
|  Guam Power Authority<br>Series 2022-A<br>5.00%, 10/01/2028 | 1000 | 1066368 |
|  Territory of Guam<br>Series 2019<br>5.00%, 11/15/2031 | 80 | 84204 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series A<br>5.00%, 12/01/2026 | 100 | 103965 |
|  Territory of Guam<br> (Guam Section 30 Income Tax)<br>Series 2016-A<br>5.00%, 12/01/2029 | 105 | 108941 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2030 | 165 | 171037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2032 | 155 | 159962 |
|  Territory of Guam<br> (Territory of Guam Business Privilege Tax)<br>Series 2015-D<br>5.00%, 11/15/2023 | 315 | 317448 |

---

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/2025 | $| 265 | $| 272966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/2031 |  | 625 |  | 640807 |
|  |  |  |  | 3137145 |
|  **Illinois – 3.6%** | **Illinois – 3.6%** | **Illinois – 3.6%** | **Illinois – 3.6%** | **Illinois – 3.6%** |
|  Chicago Board of Education<br>Series 2017-C<br>5.00%, 12/01/2023 |  | 1465 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1478931 |
|  Illinois Finance Authority<br> (Illinois Institute of Technology)<br>Series 2019<br>5.00%, 09/01/2027 |  | 100 |  | 103175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2033 |  | 100 |  | 102250 |
|  Metropolitan Pier & Exposition Authority<br>Series 2017-B<br>5.00%, 12/15/2025 |  | 1000 |  | 1022178 |
|  State of Illinois |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014<br>5.00%, 05/01/2023 |  | 3990 |  | 4007346 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-D<br>5.00%, 11/01/2024 |  | 2000 |  | 2037931 |
|  |  |  |  | 8751811 |
|  **Kentucky – 0.1%** | **Kentucky – 0.1%** | **Kentucky – 0.1%** | **Kentucky – 0.1%** | **Kentucky – 0.1%** |
|  City of Ashland KY<br> (Ashland Hospital Corp. Obligated Group)<br>Series 2019<br>5.00%, 02/01/2026 |  | 100 |  | 104066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 02/01/2030 |  | 100 |  | 107996 |
|  |  |  |  | 212062 |
|  **Louisiana – 0.1%** | **Louisiana – 0.1%** | **Louisiana – 0.1%** | **Louisiana – 0.1%** | **Louisiana – 0.1%** |
|  Parish of St. James LA<br> (NuStar Logistics LP)<br>Series 2020<br>5.85%, 08/01/2041<sup>(a)</sup> |  | 100 |  | 102334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 6.10%, 06/01/2038<sup>(a)</sup> |  | 100 |  | 106163 |
|  |  |  |  | 208497 |
|  **Michigan – 3.0%** | **Michigan – 3.0%** | **Michigan – 3.0%** | **Michigan – 3.0%** | **Michigan – 3.0%** |
|  City of Detroit MI<br>Series 2018<br>5.00%, 04/01/2024 |  | 1315 |  | 1332808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 04/01/2025 |  | 800 |  | 819968 |
|  Michigan Finance Authority<br> (Great Lakes Water Authority Sewage Disposal System Revenue)<br>AGM Series 2014<br>5.00%, 07/01/2026 |  | 5055 |  | 5216661 |
|  |  |  |  | 7369437 |
|  **Nebraska – 1.4%** | **Nebraska – 1.4%** | **Nebraska – 1.4%** | **Nebraska – 1.4%** | **Nebraska – 1.4%** |
|  Central Plains Energy Project<br> (Goldman Sachs Group, Inc. (The))<br>Series 2018<br>5.00%, 03/01/2050 |  | 3290 |  | 3320997 |

---

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Nevada – 0.1%** | **Nevada – 0.1%** | **Nevada – 0.1%** |
|  City of Sparks NV<br> (City of Sparks NV Sales Tax)<br>Series 2019-A<br>2.75%, 06/15/2028<sup>(a)</sup> | $300 | $267756 |
|  **New Jersey – 2.7%** | **New Jersey – 2.7%** | **New Jersey – 2.7%** |
|  New Jersey Economic Development Authority<br> (United Airlines, Inc.)<br>Series 2012<br>5.25%, 09/15/2029 | 125 | 124188 |
|  New Jersey Transportation Trust Fund Authority<br> (New Jersey Transportation Trust Fund Authority State Lease)<br>Series 2018-A<br>5.00%, 12/15/2029 | 3490 | 3791546 |
|  New Jersey Turnpike Authority<br>AGM Series 2005-D3<br>5.25%, 01/01/2026 | 2555 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2729666 |
|  |  | 6645400 |
|  **New York – 53.1%** | **New York – 53.1%** | **New York – 53.1%** |
|  Albany County Airport Authority<br>Series 2020-B<br>5.00%, 12/15/2023 | 175 | 177257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/2024 | 145 | 148974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/2025 | 145 | 151024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/15/2026 | 145 | 152373 |
|  Build NYC Resource Corp.<br> (East Harlem Scholars Academy Charter School Obligated Group)<br>5.75%, 06/01/2042<sup>(a)</sup> | 245 | 248077 |
|  Build NYC Resource Corp.<br> (Integration Charter Schools)<br>Series 2021<br>5.00%, 06/01/2041<sup>(a)</sup> | 300 | 278170 |
|  Build NYC Resource Corp.<br> (Metropolitan College of New York)<br>Series 2014<br>5.25%, 11/01/2029 | 1000 | 996524 |
|  City of New York NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-A<br>5.00%, 08/01/2028 | 1285 | 1328193 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-J<br>5.00%, 08/01/2027 | 1085 | 1121640 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-E<br>5.00%, 03/01/2031 | 1055 | 1168609 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-C<br>5.00%, 08/01/2033 | 1355 | 1540497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/2034 | 1000 | 1126728 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021<br>1.396%, 08/01/2027 | 2970 | 2538540 |
|  County of Albany NY<br>Series 2020-C<br>5.00%, 11/01/2024 | 1595 | 1661857 |
|  County of Nassau NY |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-A<br>5.00%, 04/01/2025 (Pre-refunded/ETM) | 4775 | 4902854 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C<br>5.00%, 10/01/2025 | 1875 | 1989774 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  County of Onondaga NY<br>Series 2022<br>4.00%, 06/15/2040 | $1145 | $1148768 |
|  Dutchess County Local Development Corp.<br> (Bard College)<br>Series 2020-B<br>5.918%, 07/01/2039<sup>(a)</sup> | 975 | 880259 |
|  Hempstead Town Local Development Corp.<br> (Evergreen Charter School, Inc.)<br>Series A<br>5.25%, 06/15/2042 | 1000 | 983226 |
|  Long Island Power Authority<br>Series 2021-A<br>5.00%, 09/01/2036 | 2000 | 2246492 |
|  Metropolitan Transportation Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-B<br>4.00%, 11/15/2036 | 1000 | 913342 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C<br>5.00%, 11/15/2028 | 6400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6643292 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-A<br>5.00%, 02/01/2023 | 1865 | 1866362 |
| &nbsp;&nbsp;&nbsp;&nbsp; AGM Series 2021<br>3.431% (SOFR + 0.55%), 11/01/2032<sup>(b)</sup> | 1000 | 988433 |
|  Metropolitan Transportation Authority<br> (Metropolitan Transportation Authority Dedicated Tax Fund) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2012-<br>A 5.00%, 11/15/2026 | 6285 | 6287591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-<br>A 5.00%, 11/15/2025 | 1375 | 1459703 |
|  Monroe County Industrial Development Corp./NY<br> (Rochester Regional Health Obligated Group)<br>Series 2020<br>5.00%, 12/01/2030 | 955 | 1026613 |
|  Monroe County Industrial Development Corp/NY<br> (Academy of Health Sciences Charter School)<br>Series 2022<br>5.00%, 07/01/2032<sup>(a)</sup> | 370 | 360726 |
|  New York City Municipal Water Finance Authority<br>Series 2015-G<br>5.00%, 06/15/2027 (Pre-refunded/ETM) | 2885 | 3045809 |
|  New York City Transitional Finance Authority Building Aid Revenue<br> (New York City Transitional Finance Authority Building Aid Revenue State Lease) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-S<br>5.00%, 07/15/2032 | 1955 | 2133358 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-S<br>5.00%, 07/15/2031 | 1460 | 1626612 |
|  New York City Transitional Finance Authority Future Tax Secured Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-B<br>5.00%, 11/01/2026 | 4000 | 4106486 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015-C<br>5.00%, 11/01/2028 | 2145 | 2250490 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017<br>5.00%, 11/01/2026 | 1925 | 2092473 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  New York Liberty Development Corp.<br> (One Bryant Park LLC)<br>Series 2019<br>2.45%, 09/15/2069 | $2900 | $2597758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.625%, 09/15/2069 | 320 | 285210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 2.80%, 09/15/2069 | 4250 | 3803103 |
|  New York Liberty Development Corp.<br> (Port Authority of New York & New Jersey)<br>Series 2021-1<br>3.00%, 02/15/2042 | 3000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2327295 |
|  New York State Dormitory Authority<br>Series 2021<br>1.187%, 03/15/2026 (Pre-refunded/ETM) | 1000 | 891528 |
|  New York State Dormitory Authority<br> (Garnet Health Medical Center Obligated Group)<br>Series 2017<br>5.00%, 12/01/2024<sup>(a)</sup> | 700 | 710569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2034<sup>(a)</sup> | 400 | 399339 |
|  New York State Dormitory Authority<br> (Northwell Health Obligated Group)<br>Series 2022<br>4.00%, 05/01/2039 | 1000 | 965468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 05/01/2040 | 1000 | 958183 |
|  New York State Dormitory Authority<br> (Rochester Institute of Technology)<br>Series 2020-A<br>5.00%, 07/01/2029 | 1000 | 1139955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2031 | 1200 | 1358824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2032 | 1040 | 1175084 |
|  New York State Dormitory Authority<br> (St. John's University/NY)<br>Series 2021-A<br>4.00%, 07/01/2032 | 1105 | 1171291 |
|  New York State Dormitory Authority<br> (State of New York Pers Income Tax) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-A<br>5.00%, 02/15/2028 | 2035 | 2081716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014-C<br>5.00%, 03/15/2029 | 3000 | 3074027 |
|  New York State Dormitory Authority<br> (Wagner College)<br>Series 2022<br>5.00%, 07/01/2037 | 540 | 550573 |
|  New York State Environmental Facilities Corp.<br> (New York City Municipal Water Finance Authority)<br>Series 2021<br>5.00%, 06/15/2023 | 2680 | 2706793 |
|  New York State Thruway Authority<br> (New York State Thruway Authority Gen Toll Road) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-M<br>2.90%, 01/01/2035 | 2000 | 1641169 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-O<br>4.00%, 01/01/2038 | 2810 | 2749723 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  New York State Urban Development Corp.<br> (State of New York Pers Income Tax) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-A<br>5.00%, 03/15/2024 | $2635 | $2702846 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>5.00%, 09/15/2029 | 275 | 314381 |
|  New York Transportation Development Corp.<br> (American Airlines, Inc.)<br>Series 2021<br>3.00%, 08/01/2031 | 1000 | 869414 |
|  New York Transportation Development Corp.<br> (Delta Air Lines, Inc.)<br>Series 2018<br>5.00%, 01/01/2030 | 2065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2104210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2032 | 1495 | 1516014 |
|  New York Transportation Development Corp.<br> (JFK International Air Terminal LLC)<br>Series 2022<br>4.00%, 12/01/2042 | 2000 | 1772507 |
|  Niagara Area Development Corp.<br> (Covanta Holding Corp.)<br>Series 2018-B<br>3.50%, 11/01/2024<sup>(a)</sup> | 600 | 584152 |
|  Port Authority of New York & New Jersey |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2013-178<br>5.00%, 12/01/2023 | 2515 | 2545849 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2014<br>5.00%, 09/01/2023 | 2000 | 2017373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2028 | 3615 | 3689263 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2015<br>5.00%, 10/15/2023 | 1000 | 1010385 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019<br>5.00%, 11/01/2031 | 1455 | 1574273 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2<br>4.00%, 07/15/2038 | 1365 | 1289510 |
|  Suffolk Tobacco Asset Securitization Corp.<br>Series 2021<br>4.00%, 06/01/2050 | 500 | 481429 |
|  Triborough Bridge & Tunnel Authority<br>Series 2021-A<br>5.00%, 11/01/2025 | 3000 | 3192070 |
|  Triborough Bridge & Tunnel Authority<br> (Metropolitan Transportation Authority Payroll Mobility Tax Revenue) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021<br>5.00%, 05/15/2050 | 2265 | 2407917 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-A<br>2.511%, 05/15/2035 | 1500 | 1134645 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>5.00%, 05/15/2034 | 500 | 584452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/2035 | 1000 | 1149928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/2036 | 1000 | 1132838 |
|  Troy Capital Resource Corp.<br> (Rensselaer Polytechnic Institute)<br>Series 2020<br>5.00%, 09/01/2031 | 305 | 333224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2032 | 415 | 451702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2033 | 395 | 428057 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Trust for Cultural Resources of The City of New York (The)<br> (Lincoln Center for the Performing Arts, Inc.)<br>Series 2016-A<br>5.00%, 12/01/2026 | $| 5575 | $| 6018310 |
|  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129483483 |
|  **Ohio – 0.3%** | **Ohio – 0.3%** | **Ohio – 0.3%** | **Ohio – 0.3%** | **Ohio – 0.3%** |
|  Ohio Air Quality Development Authority<br> (Pratt Paper OH, Inc.)<br>Series 2017<br>3.75%, 01/15/2028<sup>(a)</sup> |  | 655 |  | 639719 |
|  **Pennsylvania – 0.4%** | **Pennsylvania – 0.4%** | **Pennsylvania – 0.4%** | **Pennsylvania – 0.4%** | **Pennsylvania – 0.4%** |
|  Hospitals & Higher Education Facilities Authority of Philadelphia (The)<br> (Temple University Health System Obligated Group)<br>Series 2017<br>5.00%, 07/01/2024 |  | 1000 |  | 1019337 |
|  **Puerto Rico – 1.3%** | **Puerto Rico – 1.3%** | **Puerto Rico – 1.3%** | **Puerto Rico – 1.3%** | **Puerto Rico – 1.3%** |
|  Commonwealth of Puerto Rico<br>Series 2021-A |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/01/2024 |  | 98 |  | 91264 |
| &nbsp;&nbsp;&nbsp;&nbsp; Zero Coupon, 07/01/2033 |  | 414 |  | 223648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2033 |  | 103 |  | 89221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2035 |  | 3 |  | 2194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2037 |  | 2 |  | 1831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2041 |  | 3 |  | 2383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.00%, 07/01/2046 |  | 3 |  | 2372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/2023 |  | 69 |  | 69117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.375%, 07/01/2025 |  | 203 |  | 204763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/01/2027 |  | 508 |  | 517790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/01/2029 |  | 103 |  | 105543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.75%, 07/01/2031 |  | 103 |  | 106560 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-C<br>0.00%, 11/01/2043 |  | 19 |  | 8362 |
|  HTA HRRB Custodial Trust<br>5.25%, 07/01/2036 |  | 215 |  | 213644 |
|  HTA TRRB Custodial Trust<br>5.25%, 07/01/2034 |  | 165 |  | 164079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 07/01/2041 |  | 205 |  | 203419 |
|  Puerto Rico Electric Power Authority<br>AGM Series 2007-V<br>5.25%, 07/01/2031 |  | 230 |  | 229221 |
|  Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Auth<br> (AES Puerto Rico LP)<br>Series 2000<br>6.625%, 06/01/2026 |  | 745 |  | 755344 |
|  Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue<br>Series 2018-A<br>Zero Coupon, 07/01/2024 |  | 235 |  | 219212 |
|  |  |  |  | 3209967 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **South Carolina – 1.4%** | **South Carolina – 1.4%** | **South Carolina – 1.4%** |
|  Patriots Energy Group Financing Agency<br> (Royal Bank of Canada)<br>Series 2018-A<br>4.00%, 10/01/2048 | $3000 | $2997351 |
|  South Carolina Public Service Authority<br>Series 2021-B<br>4.00%, 12/01/2039 | 500 | 470550 |
|  |  | 3467901 |
|  **Texas – 0.0%** | **Texas – 0.0%** | **Texas – 0.0%** |
|  City of Houston TX Airport System Revenue<br> (United Airlines, Inc.)<br>Series 2014<br>5.00%, 07/01/2029 | 100 | 100213 |
|  **Washington – 0.3%** | **Washington – 0.3%** | **Washington – 0.3%** |
|  Kalispel Tribe of Indians<br>Series 2018-B<br>5.00%, 01/01/2032<sup>(a)</sup> | 700 | 730846 |
|  Washington State Housing Finance Commission<br>Series 2021-1, Class A<br>3.50%, 12/20/2035 | 147 | 129134 |
|  |  | 859980 |
|  **Wisconsin – 0.3%** | **Wisconsin – 0.3%** | **Wisconsin – 0.3%** |
|  UMA Education, Inc.<br>Series 2019<br>5.00%, 10/01/2025<sup>(a)</sup> | 165 | 166037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2026<sup>(a)</sup> | 180 | 181023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2027<sup>(a)</sup> | 155 | 155702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2028<sup>(a)</sup> | 105 | 105251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2029<sup>(a)</sup> | 100 | 99936 |
|  |  | 707949 |
|  Total Municipal Obligations <br>(cost $177,712,987) | Total Municipal Obligations <br>(cost $177,712,987) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;170994078 |
|  | **Shares** |  |
|  **INVESTMENT COMPANIES – 20.3%** | **INVESTMENT COMPANIES – 20.3%** | **INVESTMENT COMPANIES – 20.3%** |
|  **Funds and Investment Trusts – 20.3%<sup>(c)</sup>** | **Funds and Investment Trusts – 20.3%<sup>(c)</sup>** | **Funds and Investment Trusts – 20.3%<sup>(c)</sup>** |
|  iShares Core MSCI EAFE ETF | 368888 | 22738256 |
|  iShares Core MSCI Emerging Markets ETF | 209923 | 9803404 |
|  SPDR S&P 500 ETF Trust | 36569 | 13985083 |
|  Vanguard Mid-Cap ETF | 15037 | 3064691 |
|  Total Investment Companies <br>(cost $45,526,055) | Total Investment Companies <br>(cost $45,526,055) | 49591434 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **GOVERNMENTS - TREASURIES – 1.4%** | **GOVERNMENTS - TREASURIES – 1.4%** | **GOVERNMENTS - TREASURIES – 1.4%** |
|  **United States – 1.4%** | **United States – 1.4%** | **United States – 1.4%** |
|  U.S. Treasury Notes<br>2.625%, 02/15/2029<sup>(d) (e)</sup> <br>(cost $3,708,231) | $3543 | $3282811 |
|  | **Notional<br>Amount** |  |
|  **OPTIONS PURCHASED - PUTS – 0.7%** | **OPTIONS PURCHASED - PUTS – 0.7%** | **OPTIONS PURCHASED - PUTS – 0.7%** |
|  **Options on Equity Indices – 0.7%** | **Options on Equity Indices – 0.7%** | **Options on Equity Indices – 0.7%** |
|  Euro STOXX 50 Index <br>Expiration: Nov 2023; Contracts: 1,710; <br>Exercise Price: EUR 3,000.00; <br>Counterparty: UBS AG<sup>(f)</sup> | 5130000 | 158612 |
|  FTSE 100 Index <br>Expiration: Dec 2023; Contracts: 350; <br>Exercise Price: GBP 6,200.00; <br>Counterparty: UBS AG<sup>(f)</sup> | 2170000 | 60170 |
|  Nikkei 225 Index <br>Expiration: Dec 2023; Contracts: 22,000;<br>Exercise Price: JPY 21,750.00; <br>Counterparty: UBS AG<sup>(f)</sup> | 478500000 | 132666 |
|  S&P 500 Index <br>Expiration: Nov 2023; Contracts: 12,800;<br>Exercise Price: USD 3,200.00; <br>Counterparty: UBS AG<sup>(f)</sup> | 40960000 | 1388493 |
|  Total Options Purchased - Puts <br>(premiums paid $1,765,863) |  | 1739941 |
|  | **Principal<br>Amount<br>(000)** |  |
|  **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.0%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.0%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.0%** |
|  **Risk Share Floating Rate – 0.0%** | **Risk Share Floating Rate – 0.0%** | **Risk Share Floating Rate – 0.0%** |
|  Federal National Mortgage Association<br> Connecticut Avenue Securities<br>Series 2016-C01, Class 1M2<br>11.139% (LIBOR 1 Month + 6.75%),<br>08/25/2028<sup>(b)</sup> <br>(cost $66,036) | $63 | 65990 |
|  | **Shares** |  |
|  **SHORT-TERM INVESTMENTS – 6.9%** | **SHORT-TERM INVESTMENTS – 6.9%** | **SHORT-TERM INVESTMENTS – 6.9%** |
|  **Investment Companies – 6.9%** | **Investment Companies – 6.9%** | **Investment Companies – 6.9%** |
|  AB Fixed Income Shares, Inc. - Government<br>Money Market Portfolio - Class AB, 4.12%<sup>(c) (g) (h)</sup> <br>(cost $16,789,971) | 16789971 | 16789971 |
|  **Total Investments – 99.4%** <br>(cost $245,569,143)<sup>(i)</sup> |  | 242464225 |
|  Other assets less liabilities – 0.6% |  | 1550122 |
|  **Net Assets – 100.0%** |  | $**244014347** |

---

------

**FUTURES** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Number<br>of<br>Contracts** | **Expiration<br>Month** | **Current<br>Notional** | **Value and<br>Unrealized<br>Appreciation<br>(Depreciation)** |
| **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** | **Purchased Contracts** |
| Euro STOXX 50 Index Futures | 24 | March 2023 | $972396 | $(39391) |
| FTSE 100 Index Futures | 13 | March 2023 | 1173383 | (5164) |
| Hang Seng Index Futures | 2 | January 2023 | 255142 | 2504 |
| MSCI Emerging Markets Futures | 85 | March 2023 | 4077450 | (76041) |
| Nikkei 225 (OSE) Futures | 4 | March 2023 | 794880 | (39871) |
| OMXS 30 Index Futures | 40 | January 2023 | 782762 | (20545) |
| Russell 2000 E-Mini Futures | 26 | March 2023 | 2302170 | (85563) |
| S&P 500 E-Mini Futures | 103 | March 2023 | 19884150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(772200) |
| U.S. T-Note 2 Yr (CBT) Futures | 17 | March 2023 | 3486328 | 4307 |
| U.S. T-Note 10 Yr (CBT) Futures | 40 | March 2023 | 4491875 | (27390) |
| U.S. Ultra Bond (CBT) Futures | 10 | March 2023 | 1343125 | (28233) |
| **Sold Contracts** | **Sold Contracts** | **Sold Contracts** | **Sold Contracts** | **Sold Contracts** |
| Euro STOXX 50 Index Futures | 39 | March 2023 | 1580144 | 87937 |
| MSCI Singapore IX ETS Futures | 48 | January 2023 | 1041242 | 9760 |
| S&P 400 E-Mini Futures | 6 | March 2023 | 1465560 | 26372 |
| S&P/TSX 60 Index Futures | 11 | March 2023 | 1900872 | 58832 |
| SPI 200 Futures | 17 | March 2023 | 2023214 | 38430 |
| TOPIX Index Futures | 14 | March 2023 | 2017754 | 3967 |
|  |  |  |  | $(862289) |

---

**FORWARD CURRENCY EXCHANGE CONTRACTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to<br>Deliver<br>(000)** | **Contracts to<br>Deliver<br>(000)** | **In Exchange<br>For<br>(000)** | **In Exchange<br>For<br>(000)** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| Bank of America, NA | GBP | 759 | USD | 920 | 01/18/2023 | $2114 |
| Bank of America, NA | GBP | 4902 | USD | 5838 | 01/18/2023 | (90531) |
| Bank of America, NA | USD | 1032 | AUD | 1505 | 01/19/2023 | (6873) |
| BNP Paribas SA | USD | 1259 | AUD | 1866 | 01/19/2023 | 11851 |
| BNP Paribas SA | USD | 1368 | JPY | 183896 | 02/09/2023 | 39918 |
| Citibank, NA | CAD | 3093 | USD | 2283 | 01/19/2023 | (1273) |
| Citibank, NA | USD | 3486 | AUD | 5494 | 01/19/2023 | 256970 |
| Citibank, NA | USD | 880 | CAD | 1170 | 01/19/2023 | (16132) |
| Citibank, NA | USD | 1621 | JPY | 223819 | 02/09/2023 | 92150 |
| Citibank, NA | USD | 1632 | EUR | 1521 | 02/27/2023 | 1541 |
| Deutsche Bank AG | USD | 6978 | CAD | 9438 | 01/19/2023 | (7191) |
| Goldman Sachs Bank USA | NZD | 1193 | USD | 742 | 02/02/2023 | (15393) |
| HSBC Bank USA | USD | 2230 | GBP | 1795 | 01/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(58459) |
| HSBC Bank USA | AUD | 3292 | USD | 2191 | 01/19/2023 | (51339) |
| HSBC Bank USA | CAD | 701 | USD | 514 | 01/19/2023 | (3830) |
| HSBC Bank USA | SEK | 8535 | USD | 812 | 02/03/2023 | (6954) |
| HSBC Bank USA | JPY | 71690 | USD | 547 | 02/09/2023 | (2052) |
| HSBC Bank USA | EUR | 2937 | USD | 3101 | 02/27/2023 | (55267) |
| HSBC Bank USA | USD | 657 | CHF | 602 | 03/01/2023 | (1684) |
| JPMorgan Chase Bank, NA | CAD | 863 | USD | 639 | 01/19/2023 | 1071 |
| Morgan Stanley & Co., Inc. | USD | 2291 | CAD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3111 | 01/19/2023 | 6641 |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Contracts to<br>Deliver<br>(000)** | **Contracts to<br>Deliver<br>(000)** | **In Exchange<br>For<br>(000)** | **In Exchange<br>For<br>(000)** | **Settlement<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| Morgan Stanley & Co., Inc. | USD | 1232 | NZD | 1998 | 02/02/2023 | $36655 |
| Morgan Stanley & Co., Inc. | SEK | 6653 | USD | 634 | 02/03/2023 | (4293) |
| Morgan Stanley & Co., Inc. | JPY | 73555 | USD | 540 | 02/09/2023 | (22584) |
| Morgan Stanley & Co., Inc. | EUR | 1462 | USD | 1561 | 02/27/2023 | (8859) |
| Morgan Stanley & Co., Inc. | CHF | 4691 | USD | 5051 | 03/01/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(53083) |
| State Street Bank & Trust Co. | GBP | 389 | USD | 468 | 01/18/2023 | (1992) |
| State Street Bank & Trust Co. | USD | 448 | GBP | 374 | 01/18/2023 | 4118 |
| State Street Bank & Trust Co. | AUD | 448 | USD | 287 | 01/19/2023 | (17761) |
| State Street Bank & Trust Co. | NZD | 999 | USD | 637 | 02/02/2023 | 2345 |
| State Street Bank & Trust Co. | NOK | 5189 | USD | 520 | 02/03/2023 | (10237) |
| State Street Bank & Trust Co. | USD | 490 | NOK | 4834 | 02/03/2023 | 4038 |
|  |  |  |  |  |  | $23625 |

---

**CENTRALLY CLEARED INFLATION (CPI) SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** |<br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid/<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 1060 | 01/15/2025 | 2.565% | CPI# | Maturity | $92659 | $— | $92659 |
| USD | 530 | 01/15/2025 | 2.585% | CPI# | Maturity | 45911 |  | 45911 |
| USD | 530 | 01/15/2025 | 2.613% | CPI# | Maturity | 45336 |  | 45336 |
| USD | 2740 | 01/15/2026 | CPI# | 3.720% | Maturity | (77721) |  | (77721) |
| USD | 1610 | 01/15/2027 | CPI# | 3.466% | Maturity | (50262) | (1770) | (48492) |
| USD | 1600 | 01/15/2027 | CPI# | 3.320% | Maturity | (64140) |  | (64140) |
| USD | 4950 | 01/15/2028 | 1.230% | CPI# | Maturity | 856142 |  | 856142 |
| USD | 3410 | 01/15/2028 | 0.735% | CPI# | Maturity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709730 |  | 709730 |
| USD | 6440 | 01/15/2029 | CPI# | 3.290% | Maturity | (171450) |  | (171450) |
| USD | 1290 | 01/15/2029 | CPI# | 3.735% | Maturity | 12610 |  | 12610 |
| USD | 1125 | 01/15/2030 | 1.572% | CPI# | Maturity | 183981 |  | 183981 |
| USD | 1125 | 01/15/2030 | 1.587% | CPI# | Maturity | 182471 |  | 182471 |
| USD | 180 | 01/15/2030 | 1.714% | CPI# | Maturity | 27137 |  | 27137 |
| USD | 180 | 01/15/2030 | 1.731% | CPI# | Maturity | 26859 |  | 26859 |
| USD | 1000 | 01/15/2031 | 2.782% | CPI# | Maturity | 61546 |  | 61546 |
| USD | 880 | 01/15/2031 | 2.680% | CPI# | Maturity | 62756 |  | 62756 |
| USD | 770 | 01/15/2031 | 2.989% | CPI# | Maturity | 31957 |  | 31957 |
| USD | 860 | 04/15/2032 | CPI# | 2.909% | Maturity | (35645) |  | (35645) |
| USD | 750 | 04/15/2032 | CPI# | 2.748% | Maturity | (43734) |  | (43734) |
| USD | 450 | 04/15/2032 | CPI# | 2.722% | Maturity | (27478) |  | (27478) |
|  |  |  |  |  |  | $1868665 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1770) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1870435 |

---

*#* *Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).* 

**CENTRALLY CLEARED INTEREST RATE SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid/<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 2850 | 04/15/2032 | 2.777% | 1 Day<br>SOFR | Annual | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171995 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;171995 |

---

------

**CREDIT DEFAULT SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Swap Counterparty & <br>Referenced Obligation** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>December 31,<br>2022** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid/<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Sale Contracts** |  |  |  |  |  |  |  |  |
| Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. | Citigroup Global Markets, Inc. |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00% | Monthly | 7.50% | USD | 19 | $(4649) | $(1764) | $(2885) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 63 | (15344) | (7512) | (7832) |
| Credit Suisse International |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 4 | (1085) | (515) | (570) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 11 | (2635) | (1009) | (1626) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 127 | (31153) | (14693) | (16460) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 130 | (31772) | (12183) | (19589) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 196 | (48046) | (17950) | (30096) |
| Goldman Sachs International |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 24 | (5889) | (2871) | (3018) |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-CMBX.NA.BBB- Series 6, 05/11/2063\* | 3.00 | Monthly | 7.50 | USD | 170 | (41536) | (15062) | (26474) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(182109) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(73559) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(108550) |

---

*\** *Termination date* 

**INFLATION (CPI) SWAPS** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | **Rate Type** | **Rate Type** | | | | |
| <br>**Swap Counterparty** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** |<br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid/<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| Barclays Bank PLC | USD | 4000 | 10/23/2026 | 2.310% | CPI# | Maturity | $216233 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216233 |
| Barclays Bank PLC | USD | 1000 | 10/23/2029 | 2.388% | CPI# | Maturity | 48464 |  | 48464 |
| Barclays Bank PLC | USD | 3000 | 12/04/2032 | 2.233% | CPI# | Maturity | 331793 |  | 331793 |
| Citibank, NA | USD | 7000 | 11/04/2023 | 1.900% | CPI# | Maturity | 858885 |  | 858885 |
| Citibank, NA | USD | 3500 | 07/20/2027 | 2.104% | CPI# | Maturity | 400183 |  | 400183 |
| Deutsche Bank AG | USD | 4000 | 09/04/2025 | 1.818% | CPI# | Maturity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;502249 |  | 502249 |

---

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | **Rate Type** | **Rate Type** | | | | |
| <br>**Swap Counterparty** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** |<br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** |<br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid/<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| JPMorgan Chase Bank, NA | USD | 2500 | 03/02/2024 | 2.175% | CPI# | Maturity | $237035 | $— | $237035 |
| JPMorgan Chase Bank, NA | USD | 7000 | 07/20/2024 | 1.995% | CPI# | Maturity | 784985 |  | 784985 |
| JPMorgan Chase Bank, NA | USD | 3000 | 11/04/2026 | 2.015% | CPI# | Maturity | 365316 |  | 365316 |
| JPMorgan Chase Bank, NA | USD | 5000 | 12/27/2028 | 2.009% | CPI# | Maturity | 596888 |  | 596888 |
| Morgan Stanley Capital Services LLC | USD | 1800 | 07/20/2032 | 2.158% | CPI# | Maturity | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222175 |  | 222175 |
|  |  |  |  |  |  |  | $4564206 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4564206 |

---

*#* *Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).* 

**INTEREST RATE SWAPS** 

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| | | | | **Rate Type** | **Rate Type** | | | | |
| <br>**Swap Counterparty** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid/<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| Citibank, NA | USD | 2840 | 10/09/2029 | 1.125% | SIFMA\* | Quarterly | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349243 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;349243 |

---

*\** *Variable interest rate based on the Securities Industry & Financial Markets Association (SIFMA) Municipal Swap Index.* 

**TOTAL RETURN SWAPS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty & <br>Referenced Obligation** | **Rate Paid/<br>Received** | **Payment<br>Frequency** | **Current<br>Notional<br>(000)** | **Current<br>Notional<br>(000)** | **Maturity<br>Date** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Pay Total Return on Reference Obligation** |  |  |  |  |  |  |
| Morgan Stanley Capital Services LLC |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Swiss Market Index Futures | 0.00% | Maturity | CHF | 533 | 03/17/2023 | $16568 |

---

*(a)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At December 31, 2022, the aggregate market value of these securities amounted to $6,310,840 or 2.6% of net assets.* 

*(b)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at December 31, 2022.* 

*(c)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov, or call AB at (800) 227-4618.* 

*(d)* *Position, or a portion thereof, has been segregated to collateralize OTC derivatives outstanding.* 

*(e)* *Position, or a portion thereof, has been segregated to collateralize margin requirements for open futures contracts.* 

*(f)* *Non-income producing security.* 

*(g)* *Affiliated investments.* 

*(h)* *The rate shown represents the 7-day yield as of period end.* 

*(i)* *As of December 31, 2022, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $15,580,028 and gross unrealized depreciation of investments was $(12,659,713), resulting in net unrealized appreciation of $2,920,315.* 

------

As of December 31, 2022, the Portfolio's percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 5.4% and 0.0%, respectively.

*Currency Abbreviations:* 

*AUD – Australian Dollar* 

*CAD – Canadian Dollar* 

*CHF – Swiss Franc* 

*EUR – Euro* 

*GBP – Great British Pound* 

*JPY – Japanese Yen* 

*NOK – Norwegian Krone* 

*NZD – New Zealand Dollar* 

*SEK – Swedish Krona* 

*USD – United States Dollar* 

*Glossary:* 

*AGM – Assured Guaranty Municipal* 

*CBT – Chicago Board of Trade* 

*CDX-CMBX.NA – North American Commercial Mortgage-Backed Index* 

*CPI – Consumer Price Index* 

*EAFE – Europe, Australia, and Far East* 

*ETF – Exchange Traded Fund* 

*ETM – Escrowed to Maturity* 

*ETS – Emission Trading Scheme* 

*FTSE – Financial Times Stock Exchange* 

*LIBOR – London Interbank Offered Rate* 

*MSCI – Morgan Stanley Capital International* 

*OMXS – Stockholm Stock Exchange* 

*OSE – Osaka Securities Exchange* 

*SOFR – Secured Overnight Financing Rate* 

*SPDR – Standard & Poor's Depository Receipt* 

*SPI – Share Price Index* 

*TOPIX – Tokyo Price Index* 

*TSX – Toronto Stock Exchange* 

------

**Sanford C. Bernstein Fund, Inc.** 

**Tax-Aware Overlay N Portfolio** 

**December 31, 2022 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Portfolio would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Portfolio. Unobservable inputs reflect the Portfolio's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Portfolio's own assumptions in determining the fair value
of investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

------

Options are valued using market-based inputs to models, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency, where such inputs and models are available. Alternatively the values may be obtained through unobservable management determined inputs and/or management's proprietary models. Where models are used, the selection of a particular model to value an option depends upon the contractual terms of, and specific risks inherent in, the option as well as the availability of pricing information in the market. Valuation models require a variety of inputs, including contractual terms, market prices, measures of volatility and correlations of such inputs. Exchange traded options generally will be classified as Level 2. For options that do not trade on exchange but trade in liquid markets, inputs can generally be verified and model selection does not involve significant management judgment. Options are classified within Level 2 on the fair value hierarchy when all of the significant inputs can be corroborated to market evidence. Otherwise such instruments are classified as Level 3.

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

The following table summarizes the valuation of the Portfolio's investments by the above fair value hierarchy levels as of December 31, 2022:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** |  |  |  |  |
| Long-Term Municipal Bonds | $— | $170994078 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $170994078 |
| Investment Companies | 49591434 |  |  | 49591434 |
| Governments - Treasuries |  | 3282811 |  | 3282811 |
| Options Purchased - Puts |  | 1739941 |  | 1739941 |
| Collateralized Mortgage Obligations |  | 65990 |  | 65990 |
| Short-Term Investments | 16789971 |  |  | 16789971 |
| Total Investments in Securities | 66381405 | 176082820 |  | 242464225 |
| **Other Financial Instruments<sup>(a)</sup>:** |  |  |  |  |
| **Assets:** |  |  |  |  |
| Futures | 232109 |  |  | 232109 |
| Forward Currency Exchange Contracts |  | 459412 |  | 459412 |
| Centrally Cleared Inflation (CPI) Swaps |  | 2339095 |  | 2339095 |
| Centrally Cleared Interest Rate Swaps |  | 171995 |  | 171995 |
| Inflation (CPI) Swaps |  | 4564206 |  | 4564206 |
| Interest Rate Swaps |  | 349243 |  | 349243 |
| Total Return Swaps |  | 16568 |  | 16568 |
| **Liabilities:** |  |  |  |  |
| Futures | (1094398) |  |  | (1094398) |
| Forward Currency Exchange Contracts |  | (435787) |  | (435787) |
| Centrally Cleared Inflation (CPI) Swaps |  | (470430) |  | (470430) |
| Credit Default Swaps |  | (182109) |  | (182109) |
| **Total** | $**65519116** | $**182895013** | $**—** | $**248414129** |

---

*<sup>(a)</sup>* *Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

------

A summary of the Portfolio's transactions in AB mutual funds for the three months ended December 31, 2022 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value<br>09/30/2022<br>(000)** | **Purchases<br>at Cost<br>(000)** | **Sales<br>Proceeds<br>(000)** | **Market Value<br>12/31/2022<br>(000)** | **Dividend<br>Income<br>(000)** |
| Government Money Market Portfolio | $10452 | $46430 | $40092 | $16790 | $164 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BERNSTEIN SANFORD C FUND INC

- **b. Investment Company Act file number:** 811-05555

- **c. CIK number of Registrant:** 0000832808

- **d. LEI of Registrant:** 549300GA5IHQHIM7CU60

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10105

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** Tax-Aware Overlay N Portfolio

- **b. EDGAR series identifier (if any):** S000027652

- **c. LEI of Series:** 37W76DK6GT5BEYISVK17

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $245273080.43

**Total Liabilities:** $973722.90

**Net Assets:** $244299357.53

**Cash Not Reported:** $587178.71

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -38.39000000 | **1-Year:** -1114.01000000 | **5-Year:** -1120.15000000 | **10-Year:** -455.06000000 | **30-Year:** 0.00000000

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

- **3-Month:** -348.87000000 | **1-Year:** -2884.00000000 | **5-Year:** -665.06000000 | **10-Year:** -1066.86000000 | **30-Year:** -5988.11000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000083505 | 0.40%                | 3.41%                | -1.04%               |
| Class ID C000083504 | 0.30%                | 3.42%                | -1.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-529414.60              | $786654.52                                 |
| Month 2  | $-2279885.51             | $12552867.84                               |
| Month 3  | $-573567.12              | $-2224183.20                               |

**Designated Index Information**

- **Index Name:** 19% Russell 3000/11% MSCI ACWI ex-USA IMI (net)/42% Bloomberg 1-10 Year Municipal Bond/28% Bloomberg 1-10 Year US Gov Inflation-Linked Bonds

- **Index Identifier:** ^RUA,NDUEACWZ,B12MTR,LTI1TRUU:IND

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alliance Bernstein                                                              | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                                       | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |  16789971 | NS      | $16789971.37  | 6.87%             |  |  |  | No            |                  1 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2C1M1   IRS USD R F  3.32000 IS2C1M1 CCPINFLATIONZERO / Short: SS2C1M1   IRS USD P V 12MUSCPI IS2C1N2 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1600000 | OU      | $-64140.21    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH                                                                                                               | CUSIP: 650009S53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1641169.00   | 0.67%             | 2035-01-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                                  | CUSIP: 73358WTR5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3615000 | PA      | $3689262.95   | 1.51%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS281C9   IRS USD R V 12MUSCPI IS281D0 CCPINFLATIONZERO / Short: BS281C9   IRS USD P F  2.58500 IS281C9 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    530000 | OU      | $45911.23     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                            | PUERTO RICO ELEC PWR AUTH PWR REVENUE                                                                                                  | CUSIP: 74526QPP1<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    230000 | PA      | $229220.48    | 0.09%             | 2031-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Albany County Airport Authority                                                 | ALBANY CNTY NY ARPT AUTH                                                                                                               | CUSIP: 012123NK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $152373.25    | 0.06%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                                                                                           | CUSIP: 45204E6X1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102249.88    | 0.04%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                          | United States Treasury Note/Bond                                                                                                       | CUSIP: 9128286B1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3543000 | PA      | $3282810.94   | 1.34%             | 2029-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                               | Long: IS0QGL9   IRS USD R V 12MLIBOR IS0QGM0 CPI SWAP 10212014 05 / Short: IS0QGL9   IRS USD P F  2.31000 IS0QGL9 CPI SWAP 10212014 05 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |   4000000 | OU      | $216232.92    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| County of Albany NY                                                             | ALBANY CNTY NY                                                                                                                         | CUSIP: 01212PCT1<br>LEI: 549300GBQON0LOLHN826 | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1661856.98   | 0.68%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE                                                                               | CUSIP: 64972GGZ1<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2885000 | PA      | $3045808.75   | 1.25%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                                                                                                     | CUSIP: 650036FC5<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    275000 | PA      | $314380.80    | 0.13%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                                                                                            | CUSIP: 64966LMV0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1121639.91   | 0.46%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                     | WASHINGTON ST HSG FIN COMMISSION                                                                                                       | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    146577 | PA      | $129133.67    | 0.05%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | PURCHASED USD / SOLD NZD                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $650.19       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                                                                                            | CUSIP: 64966QPV6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1540497.06   | 0.63%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS249F6   IRS USD R V 12MUSCPI IS249G7 CCPINFLATIONZERO / Short: BS249F6   IRS USD P F  1.71400 IS249F6 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    180000 | OU      | $27136.70     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                            | GUAM PWR AUTH REVENUE                                                                                                                  | CUSIP: 400653JT9<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066367.80   | 0.44%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | PURCHASED USD / SOLD NZD                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $403.01       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3E5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     69117 | PA      | $69116.90     | 0.03%             | 2023-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                                   | CUSIP: 65000BMS4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    540000 | PA      | $550573.25    | 0.23%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | PURCHASED EUR / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | XX        |         1 | NC      | $1541.30      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Osaka Exchange                                                                  | TOPIX INDX FUTR MAR23                                                                                                                  | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |       -14 | NC      | $20050.97     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                                   | CUSIP: 65000BND6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $958182.80    | 0.39%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                                                                                          | CUSIP: 59261AL62<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988433.10    | 0.40%             | 2032-11-01      | Floating      | 3.43%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | PURCHASED USD / SOLD NOK                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-9535.66     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                                                                                               | CUSIP: 59259N2S1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1459702.89   | 0.60%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                                        | PURCHASED USD / SOLD CAD                                                                                                               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $1071.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Hospitals & Higher Education Facilities Authority of Philadelphia/The           | PHILADELPHIA PA HOSPS & HGR EDU FACS AUTH                                                                                              | CUSIP: 717903K72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019337.40   | 0.42%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | Long: IS1FYS8   IRS USD R V 12MUSCPI IS1FYT9 INFLATIONZERO / Short: IS1FYS8   IRS USD P F  2.10400 IS1FYS8 INFLATIONZERO               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |   3500000 | OU      | $400182.61    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Nasdaq Stockholm AB                                                             | OMXS30 IND FUTURE JAN23                                                                                                                | CUSIP: 000000000<br>LEI: 549300KBQIVNEJEZVL96 | N/A              | DE               |  | SE        |        40 | NC      | $-19101.32    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                                  | CUSIP: 73358WXY5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010384.90   | 0.41%             | 2023-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                                                                                           | CUSIP: 59447PZH7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   5055000 | PA      | $5216660.92   | 2.14%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe - Financial Products Division                                | FTSE 100 IDX FUT MAR23                                                                                                                 | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DE               |  | GB        |        13 | NC      | $-8113.43     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH                                                                                                               | CUSIP: 650009W33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2749723.25   | 1.13%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                                        | Long: IS1C8Y3   IRS USD R V 12MUSCPI IS1C8Z4 INFLATIONZERO / Short: IS1C8Y3   IRS USD P F  2.17500 IS1C8Y3 INFLATIONZERO               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   2500000 | OU      | $237035.27    | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Ashland KY                                                              | ASHLAND KY MED CENTER REVENUE                                                                                                          | CUSIP: 044293BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104065.73    | 0.04%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                          | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE                                                                                     | CUSIP: 70342PAK0<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2997351.30   | 1.23%             | 2048-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                                                  | Long: IS1NBC5   CDS USD R F  3.00000 IS1NBC5 CMBX / Short: IS1NBC5   CDS USD P V 01MEVENT IS1NBD6 CMBX                                 | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              |  | US        |     19008 | OU      | $-4649.62     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                                                                                         | CUSIP: 64971WU32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2092472.88   | 0.86%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                  | PURCHASED AUD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | AU        |         1 | NC      | $11850.82     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                      | TROY NY CAPITAL RESOURCE CORP REVENUE                                                                                                  | CUSIP: 897579BQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $451702.02    | 0.18%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2C596   IRS USD R F  3.46600 IS2C596 CCPINFLATIONZERO / Short: SS2C596   IRS USD P V 12MUSCPI IS2C5A7 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1610000 | OU      | $-50262.06    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                                                                                            | CUSIP: 64966QPW4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126727.50   | 0.46%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Bank USA                                                          | PURCHASED USD / SOLD NZD                                                                                                               | CUSIP: 000000000<br>LEI: KD3XUN7C6T14HNAYLU02 | N/A              | DFE              |  | US        |         1 | NC      | $-15393.19    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                                                                                            | CUSIP: 452152XS5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3990000 | PA      | $4007346.13   | 1.64%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                        | CAPITAL TRUST AGY FL EDUCTNL FACS LEASE REVENUE                                                                                        | CUSIP: 14054DAD9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101255.77    | 0.04%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                                                  | Long: SELS02860 TRS CHF R F   .00000 SELS02860/SMH3 / Short: SELS02860 TRS CHF P E SELS02860/ZERO RATE                                 | CUSIP: 000000000<br>LEI: IGJSJL3JD5P30I6NJZ34 | N/A              | DE               |  | CH        |    548120 | OU      | $16568.21     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    508202 | PA      | $517790.35    | 0.21%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                                  | CUSIP: 73358WPR9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2545848.99   | 1.04%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                        | PURCHASED CAD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | CA        |         1 | NC      | $900.75       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2BYW9   IRS USD R F  2.90900 IS2BYW9 CCPINFLATIONZERO / Short: SS2BYW9   IRS USD P V 12MUSCPI IS2BYX0 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    860000 | OU      | $-35645.01    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Credit Suisse International                                                     | Long: IS1N8C4   CDS USD R F  3.00000 IS1N8C4 CMBX / Short: IS1N8C4   CDS USD P V 01MEVENT IS1N8D5 CMBX                                 | CUSIP: 000000000<br>LEI: E58DKGMJYYYJLN8C3868 | N/A              | DCR              |  | GB        |    196413 | OU      | $-48045.99    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                                   | CUSIP: 64990EMS3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2081715.66   | 0.85%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                                                                                            | CUSIP: 4423487H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100212.87    | 0.04%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS283G7   IRS USD R V 12MUSCPI IS283H8 CCPINFLATIONZERO / Short: BS283G7   IRS USD P F  2.61250 IS283G7 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    530000 | OU      | $45335.68     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                               | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                                                                                           | CUSIP: 649519DH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $3803102.73   | 1.56%             | 2069-09-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Citigroup Global Markets, Inc.                                                  | Long: IS1PAM4   CDS USD R F  3.00000 IS1PAM4 CMBX / Short: IS1PAM4   CDS USD P V 01MEVENT IS1PAN5 CMBX                                 | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DCR              |  | US        |     62726 | OU      | $-15343.73    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                          | US ULTRA BOND CBT MAR23                                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        10 | NC      | $-28233.15    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                                                          | AL33003 ALLIANCE                                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |     22000 | NC      | $132666.26    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                         | CUSIP: 650116FT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1772507.40   | 0.73%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                         | CUSIP: 650116CJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2104210.43   | 0.86%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                     | S+P MID 400 EMINI MAR23                                                                                                                | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        -6 | NC      | $26372.15     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    103059 | PA      | $106559.73    | 0.04%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS2AU39   IRS USD R V 12MUSCPI IS2AU40 CCPINFLATIONZERO / Short: BS2AU39   IRS USD P F  2.68000 IS2AU39 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    880000 | OU      | $62756.21     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| County of Onondaga NY                                                           | ONONDAGA CNTY NY                                                                                                                       | CUSIP: 68277DHD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1148767.97   | 0.47%             | 2040-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                                   | CUSIP: 65000BAL2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1171290.72   | 0.48%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                                                  | PURCHASED JPY / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | JP        |         1 | NC      | $39918.21     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                                                                                             | CUSIP: 74442PMQ5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155702.15    | 0.06%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                    | MONROE CNTY NY INDL DEV CORP CHRT SCH REVENUE                                                                                          | CUSIP: 61075YAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $360725.69    | 0.15%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albany County Airport Authority                                                 | ALBANY CNTY NY ARPT AUTH                                                                                                               | CUSIP: 012123NG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $177256.96    | 0.07%             | 2023-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | PURCHASED USD / SOLD GBP                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-1992.53     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                      | TROY NY CAPITAL RESOURCE CORP REVENUE                                                                                                  | CUSIP: 897579BR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $428056.80    | 0.18%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Montreal Exchange / Bourse De Montreal                                      | S+P/TSX 60 IX FUT MAR23                                                                                                                | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | CA        |       -11 | NC      | $58832.02     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Suisse International                                                     | Long: IS1NCU0   CDS USD R F  3.00000 IS1NCU0 CMBX / Short: IS1NCU0   CDS USD P V 01MEVENT IS1NCV1 CMBX                                 | CUSIP: 000000000<br>LEI: E58DKGMJYYYJLN8C3868 | N/A              | DCR              |  | GB        |     10771 | OU      | $-2634.78     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | Long: IS1WUB4   IRS USD R V 01MMUNIP IS1WUC5 VANILLA / Short: IS1WUB4   IRS USD P F  1.12500 IS1WUB4 VANILLA                           | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |   2840000 | OU      | $349243.41    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                | Fannie Mae Connecticut Avenue Securities                                                                                               | CUSIP: 30711XBM5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     63205 | PA      | $65989.93     | 0.03%             | 2028-08-25      | Floating      | 11.14%                | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | PURCHASED USD / SOLD NOK                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-701.08      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                                        | Long: IS1QI56   IRS USD R V 12MUSCPI IS1QI67 INFLATIONZERO / Short: IS1QI56   IRS USD P F  2.00900 IS1QI56 INFLATIONZERO               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   5000000 | OU      | $596888.30    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                               | Long: IS1IRW2   IRS USD R V 12MUSCPI IS1IRX3 INFLATIONZERO / Short: IS1IRW2   IRS USD P F  2.23250 IS1IRW2 INFLATIONZERO               | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |   3000000 | OU      | $331793.37    | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                           | HEMPSTEAD TOWN NY LOCAL DEV CORP EDU REVENUE                                                                                           | CUSIP: 424685AZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983226.00    | 0.40%             | 2042-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                     | Long: IS1N5S9   CDS USD R F  3.00000 IS1N5S9 CMBX / Short: IS1N5S9   CDS USD P V 01MEVENT IS1N5T0 CMBX                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | GB        |    169803 | OU      | $-41536.54    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                               | GUAM INTERNATIONAL ARPT AUTH                                                                                                           | CUSIP: 40064REF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $86666.34     | 0.04%             | 2028-10-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Credit Suisse International                                                     | Long: IS1PCY0   CDS USD R F  3.00000 IS1PCY0 CMBX / Short: IS1PCY0   CDS USD P V 01MEVENT IS1PCZ1 CMBX                                 | CUSIP: 000000000<br>LEI: E58DKGMJYYYJLN8C3868 | N/A              | DCR              |  | GB        |    127352 | OU      | $-31152.40    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE                                                                                | CUSIP: 64972HF98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1626612.28   | 0.67%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT LTD OBLG REVENUE                                                                                                             | CUSIP: 40065HDN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $171037.05    | 0.07%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                                | CUSIP: 89602HAH0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1134644.85   | 0.46%             | 2035-05-15      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | PURCHASED AUD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | AU        |         1 | NC      | $256969.49    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Albany County Airport Authority                                                 | ALBANY CNTY NY ARPT AUTH                                                                                                               | CUSIP: 012123NH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $148974.22    | 0.06%             | 2024-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                                                          | MSCI EMGMKT MAR23                                                                                                                      | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DE               |  | US        |        85 | NC      | $-76041.28    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                                   | CUSIP: 64990GUQ3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1139954.70   | 0.47%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HTA TRRB Custodial Trust                                                        | HTA TRRB-2007N-745190ZR2 ASSURED CUSTODIAL TRUST                                                                                       | CUSIP: 44333GAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $164078.81    | 0.07%             | 2034-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                                                                                             | CUSIP: 74442PMN2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    165000 | PA      | $166036.68    | 0.07%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                                   | CUSIP: 64990FD50<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $891527.70    | 0.36%             | 2026-03-15      | Fixed         | 1.19%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                          | US 10YR NOTE (CBT)MAR23                                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        40 | NC      | $-27389.55    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Bank USA N.A.                                                              | PURCHASED USD / SOLD AUD                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-51338.99    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                                                                                            | CUSIP: 64578CAH4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    125000 | PA      | $124187.53    | 0.05%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                                   | CUSIP: 64990GUS9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1358824.20   | 0.56%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS2G4X5   IRS USD R V 00MSOFR IS2G4Y6 CCPOIS / Short: BS2G4X5   IRS USD P F  2.77650 IS2G4X5 CCPOIS                              | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2850000 | OU      | $171994.92    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                                        | Long: IS19KK4   IRS USD R V 03MLIBOR IS19KL5 CPILV506025 / Short: IS19KK4   IRS USD P F  2.01500 IS19KK4 CPILV506025                   | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   3000000 | OU      | $365315.88    | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                                          | SPDR S&P 500 ETF Trust                                                                                                                 | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |     36569 | NS      | $13985082.67  | 5.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth | PUERTO RICO INDL TOURIST EDUCTNL MED & ENVRNMNTL CONTROL FAC                                                                           | CUSIP: 74527JAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $755343.88    | 0.31%             | 2026-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                        | PURCHASED CAD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | CA        |         1 | NC      | $5739.71      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                                            | CUSIP: 89602RGS8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3192069.90   | 1.31%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                        | PURCHASED USD / SOLD EUR                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-8858.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                                  | CUSIP: 73358WTM6<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017373.40   | 0.83%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT LTD OBLG REVENUE                                                                                                             | CUSIP: 40065HDJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103964.82    | 0.04%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                    | MONROE CNTY NY INDL DEV CORP REVENUE                                                                                                   | CUSIP: 61075TWD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $1026612.68   | 0.42%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                               | CUSIP: 40065NCC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $640807.31    | 0.26%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | PURCHASED USD / SOLD CAD                                                                                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-1273.02     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE                                                                                | CUSIP: 64972HZT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1955000 | PA      | $2133357.78   | 0.87%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                                              | PURCHASED USD / SOLD SEK                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-6954.20     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS21YN0   IRS USD R V 12MUSCPI IS21YO1 CCPINFLATIONZERO / Short: BS21YN0   IRS USD P F  1.23000 IS21YN0 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4950000 | OU      | $856142.00    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                                                                                          | CUSIP: 59261APY7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   6400000 | PA      | $6643292.16   | 2.72%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3Q8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     98470 | PA      | $91264.15     | 0.04%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Singapore Exchange Derivatives Clearing Limited                                 | MSCI SING IX ETS JAN23                                                                                                                 | CUSIP: 000000000<br>LEI: 549300ZLWT3FK3F0FW61 | N/A              | DE               |  | SG        |       -48 | NC      | $9551.32      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                                                                           | CUSIP: 646139ZX6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2555000 | PA      | $2729666.19   | 1.12%             | 2026-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                                                                                          | CUSIP: 59261AFR3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $913341.50    | 0.37%             | 2036-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                      | DENVER CITY & CNTY CO SPL FACS ARPT REVENUE                                                                                            | CUSIP: 249271GV3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983285.70    | 0.40%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                           | SAINT JAMES PARISH LA REVENUE                                                                                                          | CUSIP: 790103AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106163.37    | 0.04%             | 2038-06-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                                              | PURCHASED USD / SOLD EUR                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-55266.64    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2B560   IRS USD R F  2.74800 IS2B560 CCPINFLATIONZERO / Short: SS2B560   IRS USD P V 12MUSCPI IS2B571 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    750000 | OU      | $-43733.55    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                                                          | AL32992 ALLIANCE                                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |     12800 | NC      | $1388493.35   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                              | DETROIT MI                                                                                                                             | CUSIP: 2510933D0<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    800000 | PA      | $819968.00    | 0.34%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                      | CHICAGO IL BRD OF EDU                                                                                                                  | CUSIP: 167505SF4<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1478931.56   | 0.61%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                                              | PURCHASED USD / SOLD JPY                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-2052.59     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Vauxmont Metropolitan District                                                  | VAUXMONT MET DIST CO                                                                                                                   | CUSIP: 92242SBE2<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102216.01    | 0.04%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UBS AG                                                                          | AL37715 ALLIANCE                                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |       350 | NC      | $60169.82     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Kalispel Tribe of Indians                                                       | KALISPEL TRIBE OF INDIANS PRIORITY DIST WA REVENUE                                                                                     | CUSIP: 48340PAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $730845.99    | 0.30%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                                   | CUSIP: 65000BNC8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965467.60    | 0.40%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Osaka Exchange                                                                  | NIKKEI 225 (OSE) MAR23                                                                                                                 | CUSIP: 000000000<br>LEI: 3538001249AILNPRUX57 | N/A              | DE               |  | JP        |         4 | NC      | $-46207.33    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                        | PURCHASED NZD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | NZ        |         1 | NC      | $36654.73     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                               | EURO STOXX 50 MAR23                                                                                                                    | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |       -39 | NC      | $88609.65     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                                | CUSIP: 6461364A6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3490000 | PA      | $3791545.77   | 1.55%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                                | CUSIP: 89602HDB0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1132837.80   | 0.46%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                         | BUILD NYC RESOURCE CORP NY REVENUE                                                                                                     | CUSIP: 12008EGG5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996524.10    | 0.41%             | 2029-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Nassau NY                                                             | NASSAU CNTY NY                                                                                                                         | CUSIP: 63165TMJ1<br>LEI: 549300ICRCGQYCPS7T40 | Long             | DBT              | MUN               | US        |   4775000 | PA      | $4902853.97   | 2.01%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2CQM6   IRS USD R F  3.29000 IS2CQM6 CCPINFLATIONZERO / Short: SS2CQM6   IRS USD P V 12MUSCPI IS2CQN7 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6440000 | OU      | $-171450.38   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | PURCHASED CAD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | CA        |         1 | NC      | $-16131.66    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                                | CUSIP: 89602HAV9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2265000 | PA      | $2407917.42   | 0.99%             | 2050-05-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |      2238 | PA      | $1830.83      | 0.00%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Nassau NY                                                             | NASSAU CNTY NY                                                                                                                         | CUSIP: 63165TZQ1<br>LEI: 549300ICRCGQYCPS7T40 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1989774.00   | 0.81%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | PURCHASED USD / SOLD AUD                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $-17760.59    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Hong Kong Futures Exchange Ltd.                                                 | HANG SENG IDX FUT JAN23                                                                                                                | CUSIP: 000000000<br>LEI: 213800YTVSXYQN17BW16 | N/A              | DE               |  | HK        |         2 | NC      | $1453.69      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                                                                                         | CUSIP: 64971WAY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4106486.00   | 1.68%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                                                                                             | CUSIP: 74442PMS1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99935.66     | 0.04%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS20V36   IRS USD R V 12MUSCPI IS20V47 CCPINFLATIONZERO / Short: BS20V36   IRS USD P F   .73500 IS20V36 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   3410000 | OU      | $709729.81    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                                                                                          | CUSIP: 59261AE78<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1866362.20   | 0.76%             | 2023-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR                                                                            | CUSIP: 64986DKS3<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2706793.03   | 1.11%             | 2023-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                                                                                            | CUSIP: 452152P88<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037931.00   | 0.83%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Sparks NV                                                               | SPARKS NV TOURISM IMPT DIST #1 REVENUE                                                                                                 | CUSIP: 846562AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $267755.61    | 0.11%             | 2028-06-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital Services LLC                                             | Long: IS1FYY4   IRS USD R V 12MUSCPI IS1FYZ5 INFLATIONZERO / Short: IS1FYY4   IRS USD P F  2.15800 IS1FYY4 INFLATIONZERO               | CUSIP: 000000000<br>LEI: I7331LVCZKQKX5T7XV54 | N/A              | DIR              |  | US        |   1800000 | OU      | $222175.22    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                                  | CUSIP: 73358XAT9<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1289510.31   | 0.53%             | 2038-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dutchess County Local Development Corp                                          | DUTCHESS CNTY NY LOCAL DEV CORP REVENUE                                                                                                | CUSIP: 267045NL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $880259.15    | 0.36%             | 2039-07-01      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | PURCHASED USD / SOLD NZD                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | US        |         1 | NC      | $1291.91      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                          | OHIO ST AIR QUALITY DEV AUTH EXEMPT FACS REVENUE                                                                                       | CUSIP: 67754AAC8<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    655000 | PA      | $639719.37    | 0.26%             | 2028-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                                                                                             | CUSIP: 74442PMP7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    180000 | PA      | $181022.67    | 0.07%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS249D4   IRS USD R V 12MUSCPI IS249E5 CCPINFLATIONZERO / Short: BS249D4   IRS USD P F  1.73100 IS249D4 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    180000 | OU      | $26859.37     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    103149 | PA      | $105543.38    | 0.04%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |      3043 | PA      | $2382.66      | 0.00%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     19113 | PA      | $8361.97      | 0.00%             | 2043-11-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | PURCHASED NOK / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | NO        |         1 | NC      | $4038.22      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                                              | PURCHASED USD / SOLD CAD                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | US        |         1 | NC      | $-3829.87     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| City of Fayetteville AR Sales & Use Tax Revenue                                 | FAYETTEVILLE AR SALES & USE TAX CAPITAL IMPT                                                                                           | CUSIP: 312673FG6<br>LEI: 5493005PJCLNCCO7GU16 | Long             | DBT              | MUN               | US        |    150000 | PA      | $149896.04    | 0.06%             | 2032-11-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                                   | CUSIP: 64990CPP0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    700000 | PA      | $710569.02    | 0.29%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | Long: IS19KI2   IRS USD R V 03MLIBOR IS19KJ3 CPILV506024 / Short: IS19KI2   IRS USD P F  1.90000 IS19KI2 CPILV506024                   | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DIR              |  | US        |   7000000 | OU      | $858885.23    | 0.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                                | Long: IS0XPM4   IRS USD R V 12MLIBOR IS0XPN5 CPILV503714 / Short: IS0XPM4   IRS USD P F  1.81750 IS0XPM4 CPILV503714                   | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DIR              |  | US        |   4000000 | OU      | $502248.84    | 0.21%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                                              | PURCHASED GBP / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | GB        |         1 | NC      | $-58458.64    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                        | PURCHASED USD / SOLD SEK                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-4292.79     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank USA N.A.                                                              | PURCHASED CHF / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 1IE8VN30JCEQV1H4R804 | N/A              | DFE              |  | CH        |         1 | NC      | $-1684.32     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                                               | Long: IS0QGN1   IRS USD R V 12MLIBOR IS0QGO2 CPI SWAP 10212014 06 / Short: IS0QGN1   IRS USD P F  2.38800 IS0QGN1 CPI SWAP 10212014 06 | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DIR              |  | US        |   1000000 | OU      | $48463.71     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Albany County Airport Authority                                                 | ALBANY CNTY NY ARPT AUTH                                                                                                               | CUSIP: 012123NJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $151024.42    | 0.06%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |      3164 | PA      | $2372.01      | 0.00%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                                   | CUSIP: 64990CPZ8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    400000 | PA      | $399339.20    | 0.16%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Tobacco Asset Securitization Corp                                       | SUFFOLK NY TOBACCO ASSET SECURITIZATION CORP TOBACCO SETTLEM                                                                           | CUSIP: 864809CC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $481429.35    | 0.20%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                         | BUILD NYC RESOURCE CORP NY REVENUE                                                                                                     | CUSIP: 12008ESA5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    300000 | PA      | $278170.14    | 0.11%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT                                                                                                                              | CUSIP: 40065BCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $84204.50     | 0.03%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2CQK4   IRS USD R F  3.72000 IS2CQK4 CCPINFLATIONZERO / Short: SS2CQK4   IRS USD P V 12MUSCPI IS2CQL5 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2740000 | OU      | $-77721.33    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                   | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                                                                                          | CUSIP: 154871CT2<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   3290000 | PA      | $3320997.06   | 1.36%             | 2050-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS23W54   IRS USD R V 12MUSCPI IS23W65 CCPINFLATIONZERO / Short: BS23W54   IRS USD P F  1.58700 IS23W54 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1125000 | OU      | $182470.88    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Eurex Deutschland                                                               | EURO STOXX 50 MAR23                                                                                                                    | CUSIP: 000000000<br>LEI: 529900LN3S50JPU47S06 | N/A              | DE               |  | DE        |        24 | NC      | $-39804.94    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                                                   | PURCHASED GBP / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | N/A              | DFE              |  | GB        |         1 | NC      | $4117.75      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS23XF1   IRS USD R V 12MUSCPI IS23XG2 CCPINFLATIONZERO / Short: BS23XF1   IRS USD P F  1.57200 IS23XF1 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1125000 | OU      | $183981.01    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| County of Osceola FL Transportation Revenue                                     | OSCEOLA CNTY FL TRANSPRTN REVENUE                                                                                                      | CUSIP: 688031EM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $62245.62     | 0.03%             | 2032-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HTA TRRB Custodial Trust                                                        | HTA TRRB-2007N-745190ZS0 ASSURED CUSTODIAL TR                                                                                          | CUSIP: 40445GAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $213644.45    | 0.09%             | 2036-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp                                                         | BUILD NYC RESOURCE CORP NY REVENUE                                                                                                     | CUSIP: 12008ETJ5<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    245000 | PA      | $248077.42    | 0.10%             | 2042-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                                                          | US 2YR NOTE (CBT) MAR23                                                                                                                | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |        17 | NC      | $4307.19      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                                                                                           | CUSIP: 45204E6R4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103174.83    | 0.04%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                                                                                            | CUSIP: 64966LRP8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1328192.58   | 0.54%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| iShares Core MSCI EAFE ETF                                                      | iShares Core MSCI EAFE ETF                                                                                                             | CUSIP: 46432F842<br>LEI: 5493009FT582MI7Y3I36 | Long             | EC               | RF                | US        |    368888 | NS      | $22738256.32  | 9.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America N.A.                                                            | PURCHASED USD / SOLD GBP                                                                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $-90530.82    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT LTD OBLG REVENUE                                                                                                             | CUSIP: 40065HDQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $159962.39    | 0.07%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Citibank N.A.                                                                   | PURCHASED JPY / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | JP        |         1 | NC      | $92150.40     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Suisse International                                                     | Long: IS1PDS1   CDS USD R F  3.00000 IS1PDS1 CMBX / Short: IS1PDS1   CDS USD P V 01MEVENT IS1PDT2 CMBX                                 | CUSIP: 000000000<br>LEI: E58DKGMJYYYJLN8C3868 | N/A              | DCR              |  | GB        |      4435 | OU      | $-1084.91     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Trust for Cultural Resources of The City of New York/The                        | NEW YORK CITY NY TRUST FOR CULTURAL RESOURCES                                                                                          | CUSIP: 649717UE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5575000 | PA      | $6018309.51   | 2.46%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS2BFX7   IRS USD R V 12MUSCPI IS2BFY8 CCPINFLATIONZERO / Short: BS2BFX7   IRS USD P F  2.78200 IS2BFX7 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1000000 | OU      | $61546.10     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI REVENUE                                                                                                             | CUSIP: 74442PMR3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105251.60    | 0.04%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                              | DETROIT MI                                                                                                                             | CUSIP: 2510933C2<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1332807.73   | 0.55%             | 2024-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                               | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                                                                                           | CUSIP: 649519DG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $285209.54    | 0.12%             | 2069-09-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                                          | iShares Core MSCI Emerging Markets ETF                                                                                                 | CUSIP: 46434G103<br>LEI: 5493007C24Z3ZDJ0VD06 | Long             | EC               | RF                | US        |    209923 | NS      | $9803404.10   | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG                                                                          | AL31405 ALLIANCE                                                                                                                       | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DE               |  | US        |      1710 | NC      | $158611.70    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                      | TROY NY CAPITAL RESOURCE CORP REVENUE                                                                                                  | CUSIP: 897579BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $333223.91    | 0.14%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                           | SAINT JAMES PARISH LA REVENUE                                                                                                          | CUSIP: 790103AY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102333.43    | 0.04%             | 2041-08-01      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                     | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                                                                                               | CUSIP: 542691EQ9<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2246492.40   | 0.92%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                                  | CUSIP: 73358W3Q5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1455000 | PA      | $1574272.90   | 0.64%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                                                                                            | CUSIP: 64966MWX3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1168609.47   | 0.48%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HTA TRRB Custodial Trust                                                        | HTA TRRB 2005L-745190UR7 ASSURED CUSTODIAL TRUST                                                                                       | CUSIP: 40444FAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $203419.06    | 0.08%             | 2041-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                                   | CUSIP: 64990GUT7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1175083.73   | 0.48%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                                                                                            | CUSIP: 64966QZY9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2970000 | PA      | $2538539.49   | 1.04%             | 2027-08-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                                                                                               | CUSIP: 59259NR54<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   6285000 | PA      | $6287591.31   | 2.57%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    102901 | PA      | $89221.31     | 0.04%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2EQS8   IRS USD R F  3.73500 IS2EQS8 CCPINFLATIONZERO / Short: SS2EQS8   IRS USD P V 12MUSCPI IS2EQT9 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1290000 | OU      | $12609.50     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                        | PURCHASED USD / SOLD CHF                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-53083.38    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                                                     | Long: IS1PBC1   CDS USD R F  3.00000 IS1PBC1 CMBX / Short: IS1PBC1   CDS USD P V 01MEVENT IS1PBD2 CMBX                                 | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DCR              |  | GB        |     24076 | OU      | $-5889.51     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                     | S+P500 EMINI FUT MAR23                                                                                                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |       100 | NC      | $-775115.95   | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                               | CUSIP: 40065NBW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $272965.87    | 0.11%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS281O1   IRS USD R V 12MUSCPI IS281P2 CCPINFLATIONZERO / Short: BS281O1   IRS USD P F  2.56500 IS281O1 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   1060000 | OU      | $92659.04     | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank of America N.A.                                                            | PURCHASED USD / SOLD GBP                                                                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | US        |         1 | NC      | $2114.34      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                                | CUSIP: 89602HDA2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1149928.30   | 0.47%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                         | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                              | CUSIP: 837151YS2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    500000 | PA      | $470549.90    | 0.19%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                          | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE                                                                                      | CUSIP: 74529JQB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $219212.42    | 0.09%             | 2024-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Vanguard Mid-Cap ETF                                                            | Vanguard Mid-Cap ETF                                                                                                                   | CUSIP: 922908629<br>LEI: F7RXEPKL33W3OZ8V3S02 | Long             | EC               | RF                | US        |     15037 | NS      | $3064690.97   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                         | CUSIP: 650116CL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1516014.32   | 0.62%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE                                                                                   | CUSIP: 64990EQQ3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3074027.10   | 1.26%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                                                                | PURCHASED CAD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: 7LTWFZYICNSX8D621K86 | N/A              | DFE              |  | CA        |         1 | NC      | $-7191.39     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                               | CUSIP: 40065NBU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $317447.99    | 0.13%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                               | GUAM GOVT LTD OBLG REVENUE                                                                                                             | CUSIP: 40065HDM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $108940.63    | 0.04%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: SS2APJ0   IRS USD R F  2.72150 IS2APJ0 CCPINFLATIONZERO / Short: SS2APJ0   IRS USD P V 12MUSCPI IS2APK1 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    450000 | OU      | $-27477.84    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                               | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                                                                                           | CUSIP: 649519EL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2327295.30   | 0.95%             | 2042-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Antonio B Won Pat International Airport Authority                               | GUAM INTERNATIONAL ARPT AUTH                                                                                                           | CUSIP: 40064REH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $124780.56    | 0.05%             | 2030-10-01      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                         | CUSIP: 650116EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $869413.70    | 0.36%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ASX Clear (Futures)                                                             | SPI 200 FUTURES MAR23                                                                                                                  | CUSIP: 000000000<br>LEI: 549300ZD7BBOVZFVHK49 | N/A              | DE               |  | AU        |       -17 | NC      | $45504.70     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                        | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                                  | CUSIP: 592250CM4<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022177.80   | 0.42%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank N.A.                                                        | Long: IS1FYQ6   IRS USD R V 12MUSCPI IS1FYR7 INFLATIONZERO / Short: IS1FYQ6   IRS USD P F  1.99500 IS1FYQ6 INFLATIONZERO               | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DIR              |  | US        |   7000000 | OU      | $784985.11    | 0.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Credit Suisse International                                                     | Long: IS1NQY2   CDS USD R F  3.00000 IS1NQY2 CMBX / Short: IS1NQY2   CDS USD P V 01MEVENT IS1NQZ3 CMBX                                 | CUSIP: 000000000<br>LEI: E58DKGMJYYYJLN8C3868 | N/A              | DCR              |  | GB        |    129886 | OU      | $-31772.35    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                                | CUSIP: 89602HCZ8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    500000 | PA      | $584452.15    | 0.24%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                                                                                                     | CUSIP: 650035W79<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   2635000 | PA      | $2702846.24   | 1.11%             | 2024-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    413733 | PA      | $223647.76    | 0.09%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Bank of America N.A.                                                            | PURCHASED AUD / SOLD USD                                                                                                               | CUSIP: 000000000<br>LEI: B4TYDEB6GKMZO031MB27 | N/A              | DFE              |  | AU        |         1 | NC      | $-6873.07     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                                                     | E-MINI RUSS 2000 MAR23                                                                                                                 | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        26 | NC      | $-85563.11    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Liberty Development Corp                                               | NEW YORK ST LIBERTY DEV CORP LIBERTY REVENUE                                                                                           | CUSIP: 649519DF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2597757.65   | 1.06%             | 2069-09-15      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| American Samoa Economic Development Authority                                   | AMERICAN SAMOA AS ECON DEV AUTH GEN REVENUE                                                                                            | CUSIP: 02936TAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $193524.57    | 0.08%             | 2028-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC                                                        | PURCHASED USD / SOLD JPY                                                                                                               | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-22583.61    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    203231 | PA      | $204763.00    | 0.08%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LCH Limited                                                                     | Long: BS2CZ96   IRS USD R V 12MUSCPI IS2CZA7 CCPINFLATIONZERO / Short: BS2CZ96   IRS USD P F  2.98850 IS2CZ96 CCPINFLATIONZERO         | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |    770000 | OU      | $31956.62     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                     | PUERTO RICO CMWLTH                                                                                                                     | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |      2607 | PA      | $2194.02      | 0.00%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                                                                                         | CUSIP: 64971WPP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2250490.24   | 0.92%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Ashland KY                                                              | ASHLAND KY MED CENTER REVENUE                                                                                                          | CUSIP: 044293BS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107996.61    | 0.04%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Niagara Area Development Corp                                                   | NIAGARA NY AREA DEV CORP SOLID WASTE DISP FAC REVENUE                                                                                  | CUSIP: 653542AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $584151.96    | 0.24%             | 2024-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** BERNSTEIN SANFORD C FUND INC

**Signature:** Joseph Mantineo

**Name of Signer:** Joseph Mantineo

**Title:** Treasurer and Chief Financial Officer