# EDGAR Filing Document

**Accession Number:** 0001174610
**File Stem:** 0001752724-23-011590
**Filing Date:** 2023-1
**Character Count:** 66008
**Document Hash:** bc377974f09da9dfe18901f1cdb789c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-011590.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-011590

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROSHARES TRUST
- **CENTRAL INDEX KEY:** 0001174610
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21114
- **FILM NUMBER:** 23550603

**BUSINESS ADDRESS:**
- **STREET 1:** 7272 WISCONSIN AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814
- **BUSINESS PHONE:** 240-497-6400

**MAIL ADDRESS:**
- **STREET 1:** 7272 WISCONSIN AVENUE
- **STREET 2:** 21ST FLOOR
- **CITY:** BETHESDA
- **STATE:** MD
- **ZIP:** 20814

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** XTRASHARES TRUST
- **DATE OF NAME CHANGE:** 20030409

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PROFUNDS ETF TRUST
- **DATE OF NAME CHANGE:** 20020531

## Series and Classes Contracts Data

### ProShares Investment Grade-Interest Rate Hedged (Series ID: S000042798)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000132381 | ProShares Investment Grade-Interest Rate Hedged | IGHG            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ProShares Trust

- **b. Investment Company Act file number:** 811-21114

- **c. CIK number of Registrant:** 0001174610

- **d. LEI of Registrant:** 5493005D9DS7C1P5AM59

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

  - **Street Address 1:** 7272 Wisconsin Avenue

  - **City:** Bethesda

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 20814

  - **Telephone number:** 240-497-6400

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

- **a. Name of Series:** ProShares Investment Grade-Interest Rate Hedged

- **b. EDGAR series identifier (if any):** S000042798

- **c. LEI of Series:** 549300QI16S9YVH36114

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $405958766.37

**Total Liabilities:** $107315.18

**Net Assets:** $405851451.19

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 30012.57336400 | **10-Year:** 193113.93357300 | **30-Year:** 132997.98187100

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 1304.55145500 | **10-Year:** 2761.00145300 | **30-Year:** 700.82222100

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000132381 | -2.01%               | 2.41%                | 2.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-45278749.14            | $7400385.83                                |
| Month 2  | $-4166201.84             | $-1783096.70                               |
| Month 3  | $-60642794.62            | $85530044.16                               |

**Designated Index Information**

- **Index Name:** FTSE Corporate Investment Grade (Treasury Rate-Hedged) Index

- **Index Identifier:** CFIIIGHG

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Toyota Motor Credit Corp.               | Toyota Motor Credit Corp.                               | CUSIP: 89236TGY5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1306549.26   | 0.32%             | 2030-04-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co. (The)              | Procter & Gamble Co. (The)                              | CUSIP: 742718FQ7<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |    753000 | PA      | $628774.54    | 0.15%             | 2031-04-23      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| TransCanada PipeLines Ltd.              | TransCanada PipeLines Ltd.                              | CUSIP: 89352HAD1<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |   3008000 | PA      | $3099978.29   | 0.76%             | 2037-10-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                   | Time Warner Cable LLC                                   | CUSIP: 88732JAU2<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |    681000 | PA      | $659043.03    | 0.16%             | 2039-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Berkshire Hathaway Energy Co.           | Berkshire Hathaway Energy Co.                           | CUSIP: 59562VAM9<br>LEI: 549300JD0S5IZJE9LY15 | Long             | DBT              | CORP              | US        |   4257000 | PA      | $4520043.73   | 1.11%             | 2036-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Vodafone Group plc                      | Vodafone Group plc                                      | CUSIP: 92857WBL3<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   1393000 | PA      | $1284131.51   | 0.32%             | 2038-05-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Suncor Energy, Inc.                     | Suncor Energy, Inc.                                     | CUSIP: 867229AE6<br>LEI: 549300W70ZOQDVLCHY06 | Long             | DBT              | CORP              | CA        |   2029000 | PA      | $2093995.93   | 0.52%             | 2038-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Shell International Finance BV          | Shell International Finance BV                          | CUSIP: 822582BE1<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |   8138000 | PA      | $7607859.19   | 1.87%             | 2035-05-11      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MetLife, Inc.                           | MetLife, Inc.                                           | CUSIP: 59156RBG2<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |   4097000 | PA      | $3815672.69   | 0.94%             | 2043-11-13      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Lockheed Martin Corp.                   | Lockheed Martin Corp.                                   | CUSIP: 539830BB4<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1389515.20   | 0.34%             | 2042-12-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.   | Sumitomo Mitsui Financial Group, Inc.                   | CUSIP: 86562MCB4<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   1902000 | PA      | $1503694.59   | 0.37%             | 2030-07-08      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| America Movil SAB de CV                 | America Movil SAB de CV                                 | CUSIP: 02364WBE4<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |   5038000 | PA      | $4269100.44   | 1.05%             | 2042-07-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| AstraZeneca plc                         | AstraZeneca plc                                         | CUSIP: 046353AG3<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |   7000000 | PA      | $6112167.95   | 1.51%             | 2042-09-18      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lloyds Banking Group plc                | Lloyds Banking Group plc                                | CUSIP: 539439AT6<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |   3103000 | PA      | $2905403.19   | 0.72%             | 2028-08-16      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Shell International Finance BV          | Shell International Finance BV                          | CUSIP: 822582AY8<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |   1009000 | PA      | $921914.87    | 0.23%             | 2043-08-12      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Kraft Heinz Foods Co.                   | Kraft Heinz Foods Co.                                   | CUSIP: 50076QAE6<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   4640000 | PA      | $4345048.98   | 1.07%             | 2042-06-04      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Copper Corp.                   | Southern Copper Corp.                                   | CUSIP: 84265VAJ4<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |   1929000 | PA      | $1921766.25   | 0.47%             | 2045-04-23      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.   | International Business Machines Corp.                   | CUSIP: 459200KB6<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   8872000 | PA      | $7739766.54   | 1.91%             | 2039-05-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                     | Coca-Cola Co. (The)                                     | CUSIP: 191216CT5<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $1829032.87   | 0.45%             | 2030-03-25      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)             | Toronto-Dominion Bank (The)                             | CUSIP: 89115A2E1<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1905000 | PA      | $1815589.36   | 0.45%             | 2032-06-08      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Ltd.         | Canadian Natural Resources Ltd.                         | CUSIP: 136385AL5<br>LEI: 549300T15RIMIKZC5Q38 | Long             | DBT              | CORP              | CA        |   2278000 | PA      | $2315824.41   | 0.57%             | 2038-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Prudential plc                          | Prudential plc                                          | CUSIP: 74435KAA3<br>LEI: 5493001Z3ZE83NGK8Y12 | Long             | DBT              | CORP              | GB        |   1556000 | PA      | $1356163.87   | 0.33%             | 2030-04-14      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Georgia Power Co.                       | Georgia Power Co.                                       | CUSIP: 373334JW2<br>LEI: D981X4Z4RWS7PDMJUZ03 | Long             | DBT              | CORP              | US        |   1006000 | PA      | $869142.26    | 0.21%             | 2042-03-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Medtronic, Inc.                         | Medtronic, Inc.                                         | CUSIP: 585055BT2<br>LEI: D56MRZY2INAN94ZONZ37 | Long             | DBT              | CORP              | US        |   6543000 | PA      | $6276041.81   | 1.55%             | 2035-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                      | Banco Santander SA                                      | CUSIP: 05971KAC3<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |    750000 | PA      | $650753.61    | 0.16%             | 2029-06-27      | Fixed         | 3.31%                 | No            |                  2 | On Loan: No      |
| International Business Machines Corp.   | International Business Machines Corp.                   | CUSIP: 459200KC4<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |   5352000 | PA      | $4529147.88   | 1.12%             | 2049-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pfizer, Inc.                            | Pfizer, Inc.                                            | CUSIP: 717081DK6<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   1124000 | PA      | $1049440.65   | 0.26%             | 2044-05-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Valero Energy Corp.                     | Valero Energy Corp.                                     | CUSIP: 91913YAL4<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   2080000 | PA      | $2215107.48   | 0.55%             | 2037-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Molson Coors Beverage Co.               | Molson Coors Beverage Co.                               | CUSIP: 60871RAD2<br>LEI: 54930073LBBH6ZCBE225 | Long             | DBT              | CORP              | US        |   1541000 | PA      | $1380855.63   | 0.34%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                   | Bank of America Corp.                                   | CUSIP: 59023VAA8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   4924000 | PA      | $5878763.60   | 1.45%             | 2038-05-14      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Anheuser-Busch InBev Worldwide, Inc.    | Anheuser-Busch InBev Worldwide, Inc.                    | CUSIP: 035240AG5<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   1777000 | PA      | $1685535.71   | 0.42%             | 2042-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Williams Cos., Inc. (The)               | Williams Cos., Inc. (The)                               | CUSIP: 96950FAF1<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | DBT              | CORP              | US        |   1771000 | PA      | $1820506.69   | 0.45%             | 2040-04-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                   | Westpac Banking Corp.                                   | CUSIP: 961214EW9<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   1370000 | PA      | $1166062.32   | 0.29%             | 2028-11-20      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable LLC                   | Time Warner Cable LLC                                   | CUSIP: 88732JAN8<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |   5511000 | PA      | $5612850.44   | 1.38%             | 2038-07-01      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| HP, Inc.                                | HP, Inc.                                                | CUSIP: 428236BR3<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |   1558000 | PA      | $1518091.60   | 0.37%             | 2041-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CNOOC Finance 2015 USA LLC              | CNOOC Finance 2015 USA LLC                              | CUSIP: 12634MAE0<br>LEI: 549300Q3CTIH31RFPO82 | Long             | DBT              | CORP              | US        |   1876000 | PA      | $1837497.33   | 0.45%             | 2028-05-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.       | Philip Morris International, Inc.                       | CUSIP: 718172BL2<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |      8000 | PA      | $6284.39      | 0.00%             | 2044-11-10      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Halliburton Co.                         | Halliburton Co.                                         | CUSIP: 406216AY7<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |   1179000 | PA      | $1340371.40   | 0.33%             | 2039-09-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| PNC Bank NA                             | PNC Bank NA                                             | CUSIP: 69349LAR9<br>LEI: AD6GFRVSDT01YPT1CS68 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1526342.58   | 0.38%             | 2028-07-26      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Jefferies Financial Group, Inc.         | Jefferies Financial Group, Inc.                         | CUSIP: 47233JBH0<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |   1877000 | PA      | $1665623.88   | 0.41%             | 2030-01-23      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                     | Coca-Cola Co. (The)                                     | CUSIP: 191216CM0<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |   1772000 | PA      | $1534100.92   | 0.38%             | 2029-09-06      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                    | JPMorgan Chase & Co.                                    | CUSIP: 46625HHV5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1818000 | PA      | $1816202.76   | 0.45%             | 2040-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                    | JPMorgan Chase & Co.                                    | CUSIP: 46625HLL2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    469000 | PA      | $431247.14    | 0.11%             | 2045-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                          | Morgan Stanley                                          | CUSIP: 617482V92<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1726000 | PA      | $1891336.03   | 0.47%             | 2042-07-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                       | HSBC Holdings plc                                       | CUSIP: 404280AQ2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   7000000 | PA      | $6071599.45   | 1.50%             | 2044-03-14      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                    | Royal Bank of Canada                                    | CUSIP: 78016EYH4<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   3581000 | PA      | $2874844.13   | 0.71%             | 2031-11-03      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Vodafone Group plc                      | Vodafone Group plc                                      | CUSIP: 92857WBK5<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |   2934000 | PA      | $2898171.87   | 0.71%             | 2028-05-30      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corp.                    | Sprint Capital Corp.                                    | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |   2216000 | PA      | $2315454.08   | 0.57%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                | UnitedHealth Group, Inc.                                | CUSIP: 91324PBK7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |      7000 | PA      | $8121.54      | 0.00%             | 2038-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Mizuho Financial Group, Inc.            | Mizuho Financial Group, Inc.                            | CUSIP: 60687YBU2<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | DBT              | CORP              | JP        |   1325000 | PA      | $1009810.43   | 0.25%             | 2031-09-13      | Fixed         | 2.56%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                   | Nomura Holdings, Inc.                                   | CUSIP: 65535HAY5<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $821894.33    | 0.20%             | 2028-07-14      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                      | Altria Group, Inc.                                      | CUSIP: 02209SAR4<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |   2792000 | PA      | $2420018.99   | 0.60%             | 2044-01-31      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)         | Goldman Sachs Group, Inc. (The)                         | CUSIP: 38141GGM0<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   7010000 | PA      | $7399926.83   | 1.82%             | 2041-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Walt Disney Co. (The)                   | Walt Disney Co. (The)                                   | CUSIP: 254687FQ4<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |   3159000 | PA      | $2958530.43   | 0.73%             | 2030-03-22      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                            | Oracle Corp.                                            | CUSIP: 68389XAH8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    638000 | PA      | $633495.27    | 0.16%             | 2039-07-08      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                       | HSBC Holdings plc                                       | CUSIP: 404280AH2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    490000 | PA      | $471386.20    | 0.12%             | 2037-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.    | Mitsubishi UFJ Financial Group, Inc.                    | CUSIP: 606822BH6<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   3004000 | PA      | $2766721.91   | 0.68%             | 2029-03-07      | Fixed         | 3.74%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                      | Banco Santander SA                                      | CUSIP: 05971KAF6<br>LEI: 5493006QMFDDMYWIAM13 | Long             | DBT              | CORP              | ES        |   2199000 | PA      | $1842574.73   | 0.45%             | 2030-05-28      | Fixed         | 3.49%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                | UnitedHealth Group, Inc.                                | CUSIP: 91324PDS8<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   1209000 | PA      | $1080159.53   | 0.27%             | 2029-08-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| CNOOC Petroleum North America ULC       | CNOOC Petroleum North America ULC                       | CUSIP: 65334HAG7<br>LEI: 549300I04PB7X2824122 | Long             | DBT              | CORP              | CA        |   1055000 | PA      | $1081886.84   | 0.27%             | 2037-05-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Repurchase Agreement                    | Repurchase Agreement                                    | CUSIP: 000000027<br>LEI: N/A                  | Long             | RA               | CORP              | US        |   1060251 | PA      | $1060251.15   | 0.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Berkshire Hathaway, Inc.                | Berkshire Hathaway, Inc.                                | CUSIP: 084670BK3<br>LEI: 5493000C01ZX7D35SD85 | Long             | DBT              | CORP              | US        |    132000 | PA      | $124731.10    | 0.03%             | 2043-02-11      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                   | Westpac Banking Corp.                                   | CUSIP: 961214EG4<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   2135000 | PA      | $1722422.14   | 0.42%             | 2039-07-24      | Fixed         | 4.42%                 | No            |                  2 | On Loan: No      |
| HSBC Holdings plc                       | HSBC Holdings plc                                       | CUSIP: 404280AG4<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |   1232000 | PA      | $1242623.06   | 0.31%             | 2036-05-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Walt Disney Co. (The)                   | Walt Disney Co. (The)                                   | CUSIP: 254687FX9<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |    504000 | PA      | $432149.82    | 0.11%             | 2031-01-13      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| United Parcel Service, Inc.             | United Parcel Service, Inc.                             | CUSIP: 911312AJ5<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | DBT              | CORP              | US        |   2156000 | PA      | $2424156.70   | 0.60%             | 2038-01-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                   | Bank of America Corp.                                   | CUSIP: 59022CAJ2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    863000 | PA      | $890979.22    | 0.22%             | 2037-01-29      | Fixed         | 6.11%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                          | Morgan Stanley                                          | CUSIP: 61746BEG7<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   7580000 | PA      | $6542109.56   | 1.61%             | 2047-01-22      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.            | Verizon Communications, Inc.                            | CUSIP: 92343VDU5<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   4581000 | PA      | $4525898.40   | 1.12%             | 2037-03-16      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                            | ING Groep NV                                            | CUSIP: 456837AM5<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   1646000 | PA      | $1564493.65   | 0.39%             | 2028-10-02      | Fixed         | 4.55%                 | No            |                  2 | On Loan: —       |
| Hess Corp.                              | Hess Corp.                                              | CUSIP: 42809HAD9<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |   1374000 | PA      | $1317217.38   | 0.32%             | 2041-02-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)         | Goldman Sachs Group, Inc. (The)                         | CUSIP: 38141GFD1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   4435000 | PA      | $4733830.48   | 1.17%             | 2037-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.    | Mitsubishi UFJ Financial Group, Inc.                    | CUSIP: 606822BU7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   4799000 | PA      | $3782249.26   | 0.93%             | 2030-07-17      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Time Warner Cable Enterprises LLC       | Time Warner Cable Enterprises LLC                       | CUSIP: 88731EAJ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    357000 | PA      | $399200.96    | 0.10%             | 2033-07-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Repurchase Agreement                    | Repurchase Agreement                                    | CUSIP: 000000028<br>LEI: N/A                  | Long             | RA               | CORP              | US        |    212047 | PA      | $212047.39    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                | Cooperatieve Rabobank UA                                | CUSIP: 21684AAB2<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |   8114000 | PA      | $7771682.02   | 1.91%             | 2043-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                | UnitedHealth Group, Inc.                                | CUSIP: 91324PDK5<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2639000 | PA      | $2529296.56   | 0.62%             | 2028-06-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Target Corp.                            | Target Corp.                                            | CUSIP: 87612EBA3<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | DBT              | CORP              | US        |   1398000 | PA      | $1223859.58   | 0.30%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pfizer, Inc.                            | Pfizer, Inc.                                            | CUSIP: 717081ED1<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   1857000 | PA      | $1670677.48   | 0.41%             | 2046-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Elevance Health, Inc.                   | Elevance Health, Inc.                                   | CUSIP: 94973VBB2<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1048000 | PA      | $962763.93    | 0.24%             | 2043-01-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Fifth Third Bancorp                     | Fifth Third Bancorp                                     | CUSIP: 316773CH1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |   1151000 | PA      | $1393321.50   | 0.34%             | 2038-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                   | Nomura Holdings, Inc.                                   | CUSIP: 65535HAS8<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   1311000 | PA      | $1044972.17   | 0.26%             | 2030-07-16      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                   | Nomura Holdings, Inc.                                   | CUSIP: 65535HAQ2<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   1582000 | PA      | $1316513.66   | 0.32%             | 2030-01-16      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Vodafone Group plc                      | Vodafone Group plc                                      | CUSIP: 92857WBU3<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |  10125000 | PA      | $7941378.00   | 1.96%             | 2050-09-17      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.   | Sumitomo Mitsui Financial Group, Inc.                   | CUSIP: 86562MCG3<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   7495000 | PA      | $6195743.55   | 1.53%             | 2028-09-17      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                     | Coca-Cola Co. (The)                                     | CUSIP: 191216CW8<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |    120000 | PA      | $88420.49     | 0.02%             | 2040-06-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Southern Copper Corp.                   | Southern Copper Corp.                                   | CUSIP: 84265VAE5<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |   4589000 | PA      | $4950383.75   | 1.22%             | 2040-04-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vale Overseas Ltd.                      | Vale Overseas Ltd.                                      | CUSIP: 91911TAK9<br>LEI: 254900BA3U6G5DNV5V04 | Long             | DBT              | CORP              | KY        |   3709000 | PA      | $3783180.00   | 0.93%             | 2039-11-10      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                    | JPMorgan Chase & Co.                                    | CUSIP: 46625HHF0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   6774000 | PA      | $7439312.47   | 1.83%             | 2038-05-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                         | Citigroup, Inc.                                         | CUSIP: 172967EW7<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    148000 | PA      | $185030.44    | 0.05%             | 2039-07-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| N/A                                     | U.S. Treasury 10 Year Note                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -1185 | NC      | $-600445.09   | -0.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic, Inc.                         | Medtronic, Inc.                                         | CUSIP: 585055BU9<br>LEI: D56MRZY2INAN94ZONZ37 | Long             | DBT              | CORP              | US        |   1159000 | PA      | $1103391.24   | 0.27%             | 2045-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AstraZeneca plc                         | AstraZeneca plc                                         | CUSIP: 046353AM0<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | DBT              | CORP              | GB        |    662000 | PA      | $605410.37    | 0.15%             | 2045-11-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Paramount Global                        | Paramount Global                                        | CUSIP: 925524AX8<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1262000 | PA      | $1246880.47   | 0.31%             | 2036-04-30      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corp.                    | Sprint Capital Corp.                                    | CUSIP: 852060AT9<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $3108690.00   | 0.77%             | 2032-03-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Ascension Health                        | Ascension Health                                        | CUSIP: 04351LAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1482000 | PA      | $1229190.02   | 0.30%             | 2046-11-15      | Fixed         | 3.94%                 | No            |                  2 | On Loan: No      |
| Bank of America NA                      | Bank of America NA                                      | CUSIP: 06050TJZ6<br>LEI: B4TYDEB6GKMZO031MB27 | Long             | DBT              | CORP              | US        |   3205000 | PA      | $3324818.16   | 0.82%             | 2036-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                         | Citigroup, Inc.                                         | CUSIP: 172967KR1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   6379000 | PA      | $5408150.90   | 1.33%             | 2046-05-18      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| N/A                                     | U.S. Treasury Ultra Bond                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -248 | NC      | $70839.30     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto Finance USA Ltd.              | Rio Tinto Finance USA Ltd.                              | CUSIP: 767201AL0<br>LEI: 213800RX94ZKEZXPKH58 | Long             | DBT              | CORP              | AU        |   3377000 | PA      | $3406081.98   | 0.84%             | 2040-11-02      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Shell International Finance BV          | Shell International Finance BV                          | CUSIP: 822582BQ4<br>LEI: 213800ITMMKU4Z7I4F78 | Long             | DBT              | CORP              | NL        |   8163000 | PA      | $6853015.39   | 1.69%             | 2046-05-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pfizer, Inc.                            | Pfizer, Inc.                                            | CUSIP: 717081EC3<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   8962000 | PA      | $8250893.80   | 2.03%             | 2036-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.            | Verizon Communications, Inc.                            | CUSIP: 92343VER1<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    453000 | PA      | $439578.39    | 0.11%             | 2028-09-21      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.    | Mitsubishi UFJ Financial Group, Inc.                    | CUSIP: 606822BM5<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |    122000 | PA      | $107071.05    | 0.03%             | 2029-07-18      | Fixed         | 3.19%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co. (The)              | Procter & Gamble Co. (The)                              | CUSIP: 742718FH7<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |   3138000 | PA      | $2872033.85   | 0.71%             | 2030-03-25      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida LLC                 | Duke Energy Florida LLC                                 | CUSIP: 341099CL1<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    113000 | PA      | $124899.23    | 0.03%             | 2038-06-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| Walmart, Inc.                           | Walmart, Inc.                                           | CUSIP: 931142CB7<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1061416.58   | 0.26%             | 2035-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                | UnitedHealth Group, Inc.                                | CUSIP: 91324PCQ3<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   3252000 | PA      | $3177884.22   | 0.78%             | 2035-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Paramount Global                        | Paramount Global                                        | CUSIP: 92553PAP7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1626000 | PA      | $1138582.96   | 0.28%             | 2043-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Johnson & Johnson                       | Johnson & Johnson                                       | CUSIP: 478160AN4<br>LEI: 549300G0CFPGEF6X2043 | Long             | DBT              | CORP              | US        |   2169000 | PA      | $2446589.94   | 0.60%             | 2037-08-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Repurchase Agreement                    | Repurchase Agreement                                    | CUSIP: 000000030<br>LEI: N/A                  | Long             | RA               | CORP              | US        |   1005105 | PA      | $1005104.64   | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinder Morgan, Inc.                     | Kinder Morgan, Inc.                                     | CUSIP: 28368EAE6<br>LEI: 549300WR7IX8XE0TBO16 | Long             | DBT              | CORP              | US        |   2589000 | PA      | $2953611.59   | 0.73%             | 2032-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Comcast Corp.                           | Comcast Corp.                                           | CUSIP: 20030NBH3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   1941000 | PA      | $1836662.65   | 0.45%             | 2033-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Apple, Inc.                             | Apple, Inc.                                             | CUSIP: 037833AT7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   1848000 | PA      | $1783616.49   | 0.44%             | 2044-05-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Eaton Corp.                             | Eaton Corp.                                             | CUSIP: 278062AE4<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |   5884000 | PA      | $5096109.86   | 1.26%             | 2042-11-02      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| INVESCO GOVT AND AGCY LEX               | INVESCO GOVERNMENT & AGENCY PORTFOLIO OPEN-END FUND USD | CUSIP: 825252885<br>LEI: O37NHJVF7S22I1ONOU83 | Long             | STIV             | RF                | US        |       970 | NS      | $970.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever Capital Corp.                  | Unilever Capital Corp.                                  | CUSIP: 904764AH0<br>LEI: MYF1DAS6G5WY7PRWCU78 | Long             | DBT              | CORP              | US        |    908000 | PA      | $987460.38    | 0.24%             | 2032-11-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| ConocoPhillips Co.                      | ConocoPhillips Co.                                      | CUSIP: 208251AE8<br>LEI: 6VJJ5GQWIRDQ06DUXG89 | Long             | DBT              | CORP              | US        |   3801000 | PA      | $4224790.63   | 1.04%             | 2029-04-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Ecopetrol SA                            | Ecopetrol SA                                            | CUSIP: 279158AJ8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | NUSS              | CO        |   2330000 | PA      | $1599545.00   | 0.39%             | 2045-05-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GlaxoSmithKline Capital, Inc.           | GlaxoSmithKline Capital, Inc.                           | CUSIP: 377372AN7<br>LEI: 5493007Q8VD7Q3ZYZS59 | Long             | DBT              | CORP              | US        |   6444000 | PA      | $6222429.76   | 1.53%             | 2028-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Telefonica Europe BV                    | Telefonica Europe BV                                    | CUSIP: 879385AD4<br>LEI: 7245007FZS0M65WUGP67 | Long             | DBT              | CORP              | NL        |   6387000 | PA      | $7202713.02   | 1.77%             | 2030-09-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Apple, Inc.                             | Apple, Inc.                                             | CUSIP: 037833BA7<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |   8409000 | PA      | $6901172.46   | 1.70%             | 2045-02-09      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                       | Wells Fargo & Co.                                       | CUSIP: 94974BGQ7<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   3259000 | PA      | $2857988.69   | 0.70%             | 2045-11-17      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Cooperatieve Rabobank UA                | Cooperatieve Rabobank UA                                | CUSIP: 21685WCJ4<br>LEI: DG3RU1DBUFHT4ZF9WN62 | Long             | DBT              | CORP              | NL        |    101000 | PA      | $102718.78    | 0.03%             | 2041-05-24      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                       | Wells Fargo & Co.                                       | CUSIP: 94974BGK0<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   5603000 | PA      | $4484983.43   | 1.11%             | 2045-05-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Repurchase Agreement                    | Repurchase Agreement                                    | CUSIP: 000000031<br>LEI: N/A                  | Long             | RA               | CORP              | US        |    212047 | PA      | $212047.39    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Baker Hughes Holdings LLC               | Baker Hughes Holdings LLC                               | CUSIP: 057224AZ0<br>LEI: 549300XU3XH6F05YEQ93 | Long             | DBT              | CORP              | US        |   1456000 | PA      | $1353766.17   | 0.33%             | 2040-09-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Walt Disney Co. (The)                   | Walt Disney Co. (The)                                   | CUSIP: 254687EH5<br>LEI: 549300GZKULIZ0WOW665 | Long             | DBT              | CORP              | US        |   2552000 | PA      | $2914458.54   | 0.72%             | 2037-11-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Merck & Co., Inc.                       | Merck & Co., Inc.                                       | CUSIP: 58933YAJ4<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | DBT              | CORP              | US        |   1484000 | PA      | $1325464.29   | 0.33%             | 2043-05-18      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group, Inc.                | UnitedHealth Group, Inc.                                | CUSIP: 91324PDX7<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2174000 | PA      | $1803363.91   | 0.44%             | 2030-05-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| N/A                                     | U.S. Treasury Long Bond                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |     -1809 | NC      | $-654719.93   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Anheuser-Busch InBev Worldwide, Inc.    | Anheuser-Busch InBev Worldwide, Inc.                    | CUSIP: 03523TBQ0<br>LEI: 549300CRGMZK3K53BF92 | Long             | DBT              | CORP              | US        |   1022000 | PA      | $842951.68    | 0.21%             | 2042-07-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Toronto-Dominion Bank (The)             | Toronto-Dominion Bank (The)                             | CUSIP: 89114TZV7<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   3333000 | PA      | $2869572.31   | 0.71%             | 2032-03-10      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.                     | Cisco Systems, Inc.                                     | CUSIP: 17275RAF9<br>LEI: 549300LKFJ962MZ46593 | Long             | DBT              | CORP              | US        |   4358000 | PA      | $4556526.29   | 1.12%             | 2040-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Nomura Holdings, Inc.                   | Nomura Holdings, Inc.                                   | CUSIP: 65535HAX7<br>LEI: 549300B3CEAHYG7K8164 | Long             | DBT              | CORP              | JP        |   1527000 | PA      | $1176406.76   | 0.29%             | 2031-07-14      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| ING Groep NV                            | ING Groep NV                                            | CUSIP: 456837AQ6<br>LEI: 549300NYKK9MWM7GGW15 | Long             | DBT              | CORP              | NL        |   2103000 | PA      | $1909481.58   | 0.47%             | 2029-04-09      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                       | Wells Fargo & Co.                                       | CUSIP: 94974BGT1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |    123000 | PA      | $99443.93     | 0.02%             | 2046-06-14      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                    | JPMorgan Chase & Co.                                    | CUSIP: 46625HJU5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   2967000 | PA      | $2767468.03   | 0.68%             | 2044-02-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                            | Oracle Corp.                                            | CUSIP: 68389XAE5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   5509000 | PA      | $5693646.36   | 1.40%             | 2038-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                     | Coca-Cola Co. (The)                                     | CUSIP: 191216DE7<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |     48000 | PA      | $37803.51     | 0.01%             | 2031-03-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co. (The)              | Procter & Gamble Co. (The)                              | CUSIP: 742718FM6<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | DBT              | CORP              | US        |   1052000 | PA      | $832656.81    | 0.21%             | 2030-10-29      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                         | Citigroup, Inc.                                         | CUSIP: 172967BL4<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1659000 | PA      | $1746562.12   | 0.43%             | 2032-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Mitsubishi UFJ Financial Group, Inc.    | Mitsubishi UFJ Financial Group, Inc.                    | CUSIP: 606822BC7<br>LEI: 353800V2V8PUY9TK3E06 | Long             | DBT              | CORP              | JP        |   1892000 | PA      | $1777155.60   | 0.44%             | 2028-09-11      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| American Express Co.                    | American Express Co.                                    | CUSIP: 025816BF5<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1421000 | PA      | $1223489.84   | 0.30%             | 2042-12-03      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                         | Citigroup, Inc.                                         | CUSIP: 172967HA2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   3294000 | PA      | $3580787.17   | 0.88%             | 2043-09-13      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| TotalEnergies Capital SA                | TotalEnergies Capital SA                                | CUSIP: 89152UAH5<br>LEI: 529900QI55ZLJVCMPA71 | Long             | DBT              | CORP              | FR        |   1282000 | PA      | $1247195.32   | 0.31%             | 2028-10-11      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Westpac Banking Corp.                   | Westpac Banking Corp.                                   | CUSIP: 961214EY5<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |   3711000 | PA      | $2402764.03   | 0.59%             | 2041-11-18      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| Repurchase Agreement                    | Repurchase Agreement                                    | CUSIP: 000000029<br>LEI: N/A                  | Long             | RA               | CORP              | US        |   2078064 | PA      | $2078064.44   | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs Group, Inc. (The)         | Goldman Sachs Group, Inc. (The)                         | CUSIP: 38141GCU6<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |     14000 | PA      | $14668.78     | 0.00%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Barclays plc                            | Barclays plc                                            | CUSIP: 06738EAJ4<br>LEI: 213800LBQA1Y9L22JB70 | Long             | DBT              | CORP              | GB        |   3827000 | PA      | $3399584.80   | 0.84%             | 2045-08-17      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Netflix, Inc.                           | Netflix, Inc.                                           | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   2405000 | PA      | $2429555.05   | 0.60%             | 2028-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Bank NA                     | Wells Fargo Bank NA                                     | CUSIP: 92976GAJ0<br>LEI: KB1H1DSPRFMYMCUFXT09 | Long             | DBT              | CORP              | US        |   4558000 | PA      | $5009417.67   | 1.23%             | 2038-01-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Walmart, Inc.                           | Walmart, Inc.                                           | CUSIP: 931142CK7<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |   2283000 | PA      | $2729463.85   | 0.67%             | 2037-08-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.            | Verizon Communications, Inc.                            | CUSIP: 92343VCX0<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   5820000 | PA      | $5045971.02   | 1.24%             | 2048-09-15      | Fixed         | 4.52%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Finance North America LLC | Mercedes-Benz Finance North America LLC                 | CUSIP: 233835AQ0<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |   1920000 | PA      | $2354375.75   | 0.58%             | 2031-01-18      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Sumitomo Mitsui Financial Group, Inc.   | Sumitomo Mitsui Financial Group, Inc.                   | CUSIP: 86562MCJ7<br>LEI: 35380028MYWPB6AUO129 | Long             | DBT              | CORP              | JP        |   1303000 | PA      | $1014701.82   | 0.25%             | 2031-09-17      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| Verizon Communications, Inc.            | Verizon Communications, Inc.                            | CUSIP: 92343VEA8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |   2288000 | PA      | $2159608.83   | 0.53%             | 2033-08-10      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Coca-Cola Co. (The)                     | Coca-Cola Co. (The)                                     | CUSIP: 191216DC1<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | DBT              | CORP              | US        |   5373000 | PA      | $3560478.68   | 0.88%             | 2051-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** ProShares Trust

**Signature:** Maria Clem Sell

**Name of Signer:** Maria Clem Sell

**Title:** Treasurer